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Mobile Streams faces an uphill battle - just to avoid bankruptcy
Mobile Streams (MOS) appears to be yet another AIM company where it is hard to see it ever actually returning any money to investors, and whilst it certainly isn’t unique in that regard, I do have to wonder how long it can keep going for before the ability to raise funds finally dries up.
- By Gary Newman |
- 14 June 2018, 01:31 |
Brave Bison – emphasises “positive progress” at AGM… in what respect though?
Writing last month on Brave Bison Group (BBSN) it was with the shares having soared on an RNS Reach ramparoonie. Now an AGM Statement…
- By Steve Moore |
- 14 June 2018, 01:26 |
Trapped! My Remaining IQE Shares are Currently Untradable. Disaster - or Maybe Not
Hello Share Sweepers. You may know that I made an awful lot of gelt out of an early investment in IQE (IQE), the Welsh lot who make thingies for mobile phones and other stuff (Don’t you marvel at my technical expertise?). Reacting, as I near always do, to Tom’s advice to sell fast last year, I got rid of three-quarters of my IQE shares. But I’m a superstitious soul. So I did dare not part with all my shares, which have probably made me the most profit ever from a single punt. This has proved a bit of a disaster, as now I would like to sell my remaining holding.
- By Malcolm Stacey |
- 14 June 2018, 01:14 |
Haydale – disappointing sales, CEO steps aside. Oh, and surely a placing on the way. Timber….
I previously looked at AIM-listed Haydale (HAYD) last October (HERE), concluding It may be a great business in the making, but the lack of visibility of earnings (just £6 million over the next 3.5 years) is too thin – profits seem an awfully long way away and the carefully crafted obfuscation in the trading statement makes me steer a wide berth…. Today we got a warning that sales have been disappointing, the CEO stepping aside and cash sitting at £5.6 million. Given that it raised £9.3 million last October (at a 32% discount) one has to wonder how long it will be before the tin is rattled again.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 13 June 2018, 08:52 |
Surface Transforms – argues “these results are encouraging”… but looks to be firmly heading to cash crunch ahoy AGAIN!
A “Pre Close Trading, Customer and Operations Update” from Surface Transforms (SCE) includes CEO Kevin Johnson stating “these results are encouraging with good progress being made in virtually all areas”. The shares have responded... er, lower to 18p…
- By Steve Moore |
- 13 June 2018, 08:10 |
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Tern issues a speeding ticket. SELL!!
Call me mad, but if I were truly part of the Global Shorting Conspiracy I would now be shorting AIM-listed Tern plc (TERN). Having stated I wouldn’t short Tern because a price can go twice as bonkers as it is already, I fancy the time has come for reality to set it. Even Tern has issued a statement saying its own board knows of no reason for the continued rise in its share price. And just for good measure, Tern tells us its cash balance sits at £1.49 million – so I have been bang on the money (and it needs yet another placing).
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 13 June 2018, 07:47 |
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Connect Group – “materially” below profit warning… after an outlook “unchanged” just six weeks ago!
Last year, after an April results announcement, Connect Group (CNCT) updated on trading towards the end of July. This year, with a results announcement on 1st May – when it was also announced that “Chief Financial Officer, David Bauernfeind, has decided to step down from his role and the board to pursue a new opportunity”, a further “Trading Update” already. Uh oh…
- By Steve Moore |
- 13 June 2018, 05:05 |
Podcast: Eric Sprott - This is when gold will begin its climb
Okay the man behind the world's best known resource investment group is talking his own book. But he is more often right than wrong.
- By Tom Winnifrith |
- 13 June 2018, 04:29 |
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Tom Winnifrith Bearcast: In praise of Ed Croft, Martin Sorrell's hookers on expenses, & John Meyer must man up and take responsibility
I start by praising Ed Croft who despite all that I have said about him has donated £30 to my charity walk for Woodlarks. To those 90% of you listening who I have not insulted at all surely you can spare a tenner. We have now raised £6,263.16 (before gift aid), surely you can donate £10 HERE. Then I look at Martin Sorrell (ex WPP) and the hookers on expenses, Lord Browne of BP and the rent boy on expenses and natch I mention someone who put a sex toy and batteries and lots of lingerie on her expenses. Their crime is nothing to do with sex it is theft and I discuss that. Then it is onto Connect (CNCT) where I ponder its banking covenants and to Haydale Graphene (HAYD) where I wonder if the cash position is enough. Finally I explain to another J Meyer ( this time John not Julie, no relation) of SP Angel why the MySquar (MYSQ) fraud is HIS responsibility and what he needs to do ASAP
- By Tom Winnifrith |
- 13 June 2018, 04:28 |
Kefi secures $30m project funding for Tulu Kapi – now ready and funded to build mine: BUY
A very pleasant start to the week for we long suffering shareholders in Kefi Minerals (KEFI). That is to say it has announced that an Ethiopian consortium has stumped up $30 million in project finance for the Tulu Kapi gold mine, meaning it is fully funded into production.
- By HotStockRockets |
- 13 June 2018, 04:00 |
Premaitha – deal with Coastal Genomics, not the normal RNS but still STRONG BUY, new target price
We are getting increasingly used to Premaitha (NIPT) announcing more and more large non-UK distribution agreements. And fear not there will be much more on that front in the weeks and months that lie ahead. It will be a hot summer for Premaitha and for we loyal shareholders. But, for now, there is something a bit different.
- By HotStockRockets |
- 13 June 2018, 03:51 |
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Biffa - still brass in muck
As the old saying goes, 'where there's muck there's brass'. Rubbish and recycling company Biffa (BIFF) shareholders have had an alright ride since the company came back to the market in late 2016 but today's update contains the fascinating assertion that the company's CEO Ian Wakelin has 'advised the Board that he no longer wants to hold a full time executive role and that he therefore intends to leave the Company once the Board's succession plan has been implemented'.
- By Chris Bailey |
- 13 June 2018, 02:46 |
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Julie Meyer – now about the alleged theft from Taggstar when you were the sole director & paying Rachel Lowe
Taggstar is a company that, the joke ACE Fund run by Julie “lingere on expenses” Meyer MBE invested in and which – according to her lie packed fraudulent “private & confidential” begging email of 29 April 2018 (see HERE) was one of ACE’s hottest prospects, a "winner". Of course you and I know that it went into administration in July 2016. But it gets worse, because until her contract was “terminated” on 28 March 2016 Ms lingerie on expenses was the sole director of Taggstar.
- By Tom Winnifrith |
- 13 June 2018, 02:42 |
Grafenia – FY results argue transition “has progressed well”. Has it?
Results for its year ended 31st March 2018 from Grafenia (GRA) include the Chairman’s statement commencing “the transition of Grafenia plc has progressed well since I last wrote to you”. The shares have though responded lower, back towards 12p…
- By Steve Moore |
- 13 June 2018, 02:25 |
Have You Seen the Price at the Pumps? A Rosy Outlook for Shell and BP
Hello Share Trackers. I’ve heard on Radio Four just now that petrol stations are being urged to cut prices by two pence a litre. According to the BBC, this is because the price of Brent Crude has fallen. Talk about an exaggeration! The price has only dropped a few points after skyrocketing in the last six months.
- By Malcolm Stacey |
- 13 June 2018, 02:23 |
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Tom Winnifrith Bearcast: Now John Meyer at SP Angel, it's time to fess up about the Court case and MySquar
Firstly, I detail my latest training humiliations here. To those bearcast readers who have sponsored my charity 32 mile walk I say thank you, to the 95% of you have not, please give a tenner HERE. In the podcast I look at Stratex (STI) where the wrong management is following the wrong strategy and which is a dog with fleas. I look at MySquar (MYSQ) where Nomad John Meyer of SP Angel needs to stop turning a blind eye and come clean - tell us about the Court case looming in Singapore John! I look at Andalas (ADL), defend Neil Ricketts of Versarien (VRS) over share sales and then have a long discussion on CyanConnode (CYAN) where I fear an OW is implicated in a looming cash crisis accompanied by the the stench of boardroom greed with grotesque rewards for failure. It is shocking stuff.
- By Tom Winnifrith |
- 12 June 2018, 08:08 |
Pressure Technologies – “considerable momentum” & “significant potential”, so why are the shares further lower?
Pressure Technologies (PRES) has announced results for its half year ended 31st March 2018 including “dynamics in the defence and oil and gas markets are showing considerable momentum” and “there is significant potential in Alternative Energy”. So why are the shares currently further lower, below 130p?...
- By Steve Moore |
- 12 June 2018, 07:58 |
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Sell MiMedx and Purplebricks
US biotech firm MiMedx (NASDAQ - MDXG) has announced that none of its financial statements going back to 2012 can be relied upon and that it is still unable to file for Q4 2017 and Q1 2018. Its CFO was leaving with immediate effect to be replaced by one Edward Borkowski, who had previously tended the books of Canadian pharma company Concordia until it went bankrupt.
- By Lucian Miers |
- 12 June 2018, 05:14 |
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CyanConnode – attempts to mitigate with it cash crunch & AGM ahoy
Having announced results little more than 3 weeks ago, now a “Pre-AGM Update” from CyanConnode (CYAN) – the AGM though not until next week. A significant development then?...
- By Steve Moore |
- 12 June 2018, 04:29 |
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Purplebricks – problems with property management? When will it fess up?
I noted in a bearcast last week that the lack of a year end trading statement from Purplebricks (PURP) as has in the past been its wont – was a bad sign. If it had any good news at all to mention after the profits alert in march it would have told us about it. Instead silence. Well a source close to the company say one bit of news it could have released is, er more bad news.
- By Tom Winnifrith |
- 12 June 2018, 04:04 |