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CPP (LSE:CPP) shares have roller-coastered spectacularly since founder and 58% shareholder, Sir Hamish Ogston, walked away from his 1p per share bid back in June. They have been from 2.5p to 42p and now sit at 16p valuing the company at £27 million. The whole episode demonstrates the dangers of being short a bust company which is given a stay of execution.
An explicit sell note comes out today from mining guru Roger Bade on New World Resources (NWR). Unlike most common or garden analysts, the guru Bade looks past the P&L to the balance sheet. The most excellent Roger writes:
THE phrase ‘pump and dump’ commonly refers to the practice of artificially pushing the share price of a company higher without anything to back up the rise, and when everyone eventually realises what is happening the price comes crashing back down again.
From the ADVFN Sefton thread we have Dave444 with a posting which really is a classic. This sort of moron deserves to lose his cash. And as he is a Sefton shareholder we will get his desserts. Dave writes:
Well it has been a hell of a ride (down). Srott is the world’s leading resource investment group so it clearly hopes that the answer is yes. This piece by David Franklin, Eric Sprott’s market strategist explains why it is more than hope.
It is now inevitable that shares in Sefton (SER) will be suspended within days. There are only two outcomes and either means that the game is up. It will leave its vexatious libel case against me in tatters, its bully boy lawyers Pinsent Masons ( who tried and failed to get the FSA to stop Dan and I writing about Sefton and indeed all shares in January) looking like total wankers and shareholders losing everything. And here is why.
One of the likeable things about the old Anglo-Saxons - an effective lot – was their love of conundrums. ‘What is both right and wrong?’ Answer: ‘Financial markets!’
I wrote positively on shares in the largest cinema operator in the UK & Ireland, Cineworld Group (CINE) last month HERE at 355.5p. They have since risen further towards 400p and interim results released yesterday have drawn various broker reaction. The following updates…
When did uber expensive Bully Boy City lawyers Pinsent Masons stand down as Company Secretary to POS AIM listed company Sefton (SER)? We do not know. The Sefton website still showed the bully boys as Company Secretary earlier this week. But it has now stepped down (Nomad Allenby has confirmed this) to be replaced by IR genius Dr Michael Green.
A source has today come forward shining light on the dismal failure that was Comtek Resources – Jim Ellerton’s first London listed company. In the exceedingly unlikely eventuality that Sefton (SER) and I meet in court in the great libel trial this source has agreed to come forward as yet another witness. His testimony is critical to those who think that Sefton has any balance sheet backing.
dotDigital Group (DOTD), a provider of Software-as-a-Service for e-mail marketing, has updated that for its year ended 30th June 2013 it “anticipates that full year EBITDA will be slightly ahead of the current market forecast £3.8 million” as its “core 'dotMailer' email marketing business continues to perform very strongly”...
The IMS today from Avon Rubber (AVON) was mixed. Even paid for cheerleader, sorry independent research provider Edison admits to as much in a note just out.
Fully listed financial services group City of London (CIN) has lost a court case against former employees, the details of which are hilarious and make City’s bosses look like utter clowns. Oddly it has yet to fess up with any details. I wonder why?
After inching up 0.15 percent last week, the U.S. Comex gold futures jumped 3.72 percent this week and ended at $1,361.10 on Thursday. During Asia Friday morning, the gold futures traded as high as $1,372.
Two companies on the junior exchange are flagged up for sheer comedy value – you just could not make it up. U308 – run by my old pal Conman Windham is one, the other is Guardia. It is difficult to know which offers more entertainment.
With a market capitalisation of just £21.6 million I am tempted by this AIM and TSX listed gold play. And I note that directors of Amara (AMA), the company formerly known as Cluff Gold have been buying shares recently at 9-11p.
Bear raider Lucian Miers has flagged up another question for Sefton Resources (SER) which its Nomad & the AIM regulation team must look at most urgently if they are to deem whether it is trading as insolvent. And it is a $283,000 question.
IT security technology, professional and managed services company Accumuli plc (ACM) has updated that in the first quarter of its current year to 31st March 2014 “trading results were in line with management's expectations” as it “continued to make solid progress… in what remains a challenging but growing market”. The following updates…
Would you like to win a justice for the Sefton 2 T-shirt (pictured inset) then simply enter our special Gary Dillabaugh vs Jim Ellerton caption contest.
Have a look at the picture below and then tweet your captions to @shareprophets by Monday at 9 AM.
I have long regarded China as a bubble. I have expect it to burst in spectacular fashion for quite some time. But that is the nature of bubbles: they keep expanding more and more and then day “pop” – it is all over. As such I bring you a fascinating piece out overnight from David Franklin, the market strategist at the world’s best known resource investment company Sprott. It is fascinating.
In today's podcast I discuss the moral bankruptcy of Naz Shah MP and her comments on Non Invasive Pregnancy Tests, yes Premaitha (NIPT). I look at Tesla (TSLA) and the lessons from women's knickers, at Kefi (KEFI), Frontera (FRR) and the credibility test vs Yorkville, Derriston (DERR) and explain to some folks, I fear it is in house BBM Wildes, what a DCF model involves and why it is used, ref RedT (RED)
Brokerman Dan Levi has again today insisted that Angus Energy (ANGS) is doing a placing. It will clearly have to do one at some stage soon but right now Daniel is being played, as was I last week. I sense market abuse here and once again the name Chris Oil, a man with form when it comes to market abuse and other nonsense, comes to the fore. As a reminder
In 2017 Purplebricks (PURP) held its AGM on 29 September and pushed pout an H1 trading update on November 6. The news was not blisteringly good but enough lipstick was put on the dog to fool the sell side analysts. Wind forward 12 months…
In the end the chaps at Nomad Cairn walked from Cloudtag (CTAG) when it was clear that it was a fraud run by liars. Frontera Resources (FRR) is a shit show run by liars and a fallout with death spiral provider Yorkville (YA) today could be the final straw for Cairn – might it resign leaving the (worthless) shares suspended? Or will Frontera just go bust?
Julie "Lingerie on Expenses" Meyer's flagship ponzi Ariadne Capital Limited went into administration on 15 December 2017. At that point Ms Meyer would have been breaking the law if she, rather than the administrator, had acted for the company. But laws are for little people are they not July....
Shares in Imaginatik (IMTK ) are off by 10% today at 7.625p on news that Vin Murria will, if she goes ahead, invest in new shares to take a majority stake but at 2p, not at 2.5p. Still the price is nonsensical.
Hello, Share Swappers. I’m marking the 10 year anniversary of the collapse of Lehman Brothers by going on holiday to a current shaker of the world economy - and that’s Russia. I abandon my safe home to my 22-year-old daughter and her boyfriend to risk being interred in Siberia, if Blighty’s relationship with Russia gets worse.
It has now emerged that Brokerman Dan attacked what he thought I said about Angus Energy (ANGS) without actually listening to what I actually said despite us giving him a 24 hour pass for bearcast access. He spouts an awful lot of piffle in his latest article but declines to print corrections. Poor Dan. Oddly on one major point he is almost correct. Moving on, I also look at Cenkos (CNKS), Frontera (FRR), Rosenblatt (RBGP), i3 Energy (I3E), MySquar (FRAUD), Online Blockchain (OBC) and Kellan (KLN).
Having demanded we bring back this contest, once again, Juicin Drumroll failed to win last week but he came second and tried very hard as you can see HERE. So he is clearly desperate to win a semi naked photo of Britain's leading share blogger before lunchtime, Thirsty Paul Scott. So we will give him a fifth and final chance. Can anyone stop Juicin from winning this week? Okay here is the challenge for you all:
AIM listed jam-tomorrow (or the day after) IoT investment company Tern (TERN) has released its interims to June 2018 and despite the polishing of things unmentionable they show what a car-crash had been – and still is - going on.
Mrs Stacey says that I have been spending too much time in the Punter’s Return reading dull articles about shares and that we need a break. She says that I need inspiration for my next novel and so has suggested that we head off on one of those holidays advertised during Midsomer Murders for a more mature and sophisticated audience.
Shares in Neil Woodford uber dog RM2 (RM2) are up by 59% at 0.875p. That means that the market cap has jumped by £14.4 million to £38.8 million on the back of a contract win termed “significant” but which clearly is not and does not change the fact that this company is five minutes away from midnight, that is to say bankruptcy. It’s got to be placing ahoy.
“Specialist full service supplier of technical fluid power products and services”, Flowtech Fluidpower (FLO) updated on trading in July – but the half-year results announcement today is currently accompanied by an approaching 30% share price fall, towards 120p. Hmmm…
One of my few vices in life is sugar. I have parlayed this into stock selection via a recommendation on Tate & Lyle (TATE), which I last wrote up HERE. The company held a capital markets day late last week and the one presentation slide that stood out was one which talked about 'sugar replacement is a key market opportunity globally'. Well of course it is. Gluttons like me want to both have our cake and eat it and one way to do this - without becoming significantly obese - is to focus on non conventional sugar options, a market which Tate & Lyle has been active in with its Sucralose product.
I see that ShareSoc is praising Tern (TERN) for holding a conference call to which anyone can dial into and at which Al Sisto will answer pre-submitted questions. I wonder..
CyanConnode (CYAN) “is pleased to announce” both “the receipt of a $11.6 million purchase order relating to a smart metering deployment by an Indian state-owned utility” and “the consolidation of its European operations”. Hmmm…
“Surface Transforms (AIM: SCE) is pleased to announce its preliminary results for the year ended 31 May 2018”. The shares have responded, er, currently more than 4% lower, below 18p…
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