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Bear
premium content

Tesla. The Rout Begins. Sell at $255

In January I wrote that Tesla’s luck might be running out and suggested selling at $310 with a sub $100 target by Christmas. Having traded higher for most of February the shares closed last night at $254 where it is still massively overvalued at $43 billion.

EQT

Table of shorted AIM shares - week to 29/03/2018

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Malcolm

Bless the New Financial Year by Paying Peanuts for the Red Flags Which Could Save You a Packet

Hello, Share Scribblers. As the markets ain’t open for a bit, we have one of those windows where we can make general reflections on our share trading, rather than concentrating on individual stocks. So allow me to observe that risking money on shares is a very serious business. In fact, investment comes second only to health and love in the pursuit of a perfect life.

SOS

Sosandar – a loss on revenue of £0.9m, but continues to look set for take-off: STRONG BUY

Sosandar (SOS) has announced results for the nine months to 31st December 2017 – yes, they show a £2.1 million operating loss on revenue of £0.9 million, but remember its website only went live in September 2016 and momentum is very positive indeed…

Bearcast
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Tom Winnifrith Bearcast: at 5.32 PM the holocaust denying fraudsters at MySquar snuck out their interims

Bad language alert. The results are dire and demonstrate again the extent of the fraud that the useless wankers at AIM Regulation, Nomad SP Angel and the FCA are prepared to overlook. They show the extent of the lies told by CEO Eric Schaer. And they show a company that is running out of other people's money fast, facing a death spiral blizzard of share sales and where everyone involved deserves to burn in hell. With hard analysis of the numbers I explain all. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH

QRT

Quarto – 2017 results include “expects a steady recovery”, but discounted fundraising ahoy?

Book publishing group Quarto (QRT) has announced results for the 2017 calendar year, including that “the group expects a steady recovery with some organic growth in Children's, softer foreign language markets, and continuing remedial action in the Adults portfolio, to drive improved cash generation”. The shares have responded… more than 9% lower towards 150p! Hmmm…

ADAM

Filthy Forty Adamas – oh dear, the AIM farce continues

Back last August I covered the non-payment of monies due to AIM-listed Adamas (ADAM) following the redemption of a convertible bond Adamas held in a Chinese company, Global Pharm Holdings Group. It was owed millions - to have been settled by April 2015 - and numerous revised and re-revised deals were signed – not that the cash materialised. More to the point, Adamas seemed to be having a spot of bother tracking down the Chairman of that company. And so to yesterday’s update….

SEV

Servision updates again and it is even worse news - another Kill for the Sheriff of AIM

AIM-listed Servision (SEV) has updated the market once again regarding its suspension pending clarification of financial position. We had already been told that investors are unlikely to get much (or, indeed, anything at all) but previously a third party had expressed an interest in acquiring Servision Ltd (the operating business) – good(ish) news, but for Servision Ltd having come under the bankruptcy protection of the Israeli court. We were told yesterday that the court rejected an application from Servision plc to pursue a sale. Oh dear.

Malcolm-Sax-Machine

Professor Stacey's Famous Easter Lecture. Should a Christian Trade Shares?

Hello Share Mashers. Yonks ago I bought a book telling how a Christian could still trade shares. A bit of an insult, I thought, as that implies the two disciplines are incompatible.  But I soon realised that some investors go against Christian principals. Here’s how Christians might conduct their share activity.

INSP

Inspirit – or insolvent? 2017 Interims

AIM-listed Inspirit Energy (INSP) has released its interim accounts to December 2017. We are told the company is pleased to announce its interims. What there is to be pleased about rather escapes me – the company is drowning in payables and has hardly any cash left (if any at all).

RM2
premium content

RM2 International: Woodford all-in holding seven-deuce; wonder how it will turn out?

I ended my most recent piece on RM2 International (RM2) with a suspicion that Woodford was getting tempted to support these guys one last time and today a $36 million placing at 1p was announced, pretty much wiping out the existing shareholders and leaving him holding 67% of this uber-dog!

IGP

Intercede – founder & CEO steps down… & how’s the balance sheet?

I was initially bearish on “software and service company specialising in identity, credential management and secure mobility”, Intercede (IGP) in 2016 at above 60p and most recently last month at below 30p. Today it’s below 25p and a Directorate Change announcement…

UKOG

Even when he wants to tell the truth Lyin Steve Sanderson at UK Oil & Gas can't manage it - results announcement

The results are for the year to 30th September 2017 as is clear if you read down the RNS. But sadly even when he tries to tell the truth UK Oil & Gas (UKOG) boss Steve Sanderson can't seem to get it quite right as the two screenshots below show...

BLVN
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Bowleven Interims: cash is still there, drilling next quarter

AIM-listed Bowleven (BLVN) has this morning released its interims to December 2017. Of note is the huge reduction in administrative expenses and the binning of the deal with AIM-listed Victoria Oil and Gas (VOG) with regard to the Bomono asset in Cameroon.

Bearcast
premium content

Tom Winnifrith Bearcast: Malcolm's in love with the ugliest girl in town, UKOG and other dogs

Bad language alert. No I am not referring to Mrs Stacey. I would not dare but to Feedback (FDBK) which has done a placing today but another one is needed soon. I look at Mosman (MSMN) which has had terrible results and imagine the conversations round at SP Angel as poor Zac Phillips is forced to pen another buy note on this POS. I look at results from UK Oil & Gas (UKOG), the RedX (REDX) disaster, RM2 (RM2) and Conviviality (CVR). I really enjoyed today's podcast and - conceitedly - think it is rather a good one. 

SSE

Will the FTSE-100's most boring company be allowed to be interesting?

You may disagree with me (and feel free to post your selections in the comments below) but I think the FTSE-100's most boring company is...Scottish & Southern Electricity (SSE). I introduced this concept back in November, where I also observed that a proposed bit of consolidation in its core power supply/distribution business might actually provide something to write about other than an ultra-tedious dedication to the dividend (and very limited - if any - capital growth).

UKOG
premium content

UK Oil & Gas - tries to polish the Broadford Bridge turd but it is still an (uncommercial) turd

You can't sit on bad news forever. In the end even Lyin Steve Sanderson of UK Oil & Gas (UKOG) needs to fess up and so today we got the much delayed news of flow testing at Broadford Bridge. Natch Lyin' Steve tried to bury the poisonous needle in a haystack of waffle.

HGM

For some cheap exposure to gold, take a look at Highland Gold Mining

Given what is going on in the markets and world in general at the moment, it would seem silly not to have gold featuring somewhere in your portfolio.

PFP
premium content

EXCLUSIVE: Pathfinder Minerals you can run but you cannot hide - new EGM request submitted

Pathfinder Minerals (PFP) has yet to fess up but it has been served with a new EGM request by Richard Jennings of Align, seeking to oust disgraced trougher CEO Nick "Not for the Many but for the " Trew and Tory Toff NED Sir Henry Bellingham of 3DM infamy.

C21

21st Century Technology – 2017 results argue “enormous progress”… so why are the shares unmoved?

Transport technology company 21st Century (C21) has announced results for the 2017 calendar year, emphasising “enormous progress” and “having started the year with a far stronger order book than last year... the board expects the group's progress to continue”. The shares have though responded little changed, still sub 3p - and having been 2.625p at the commencement of 2017. Hmmm…

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