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Latest News

FLX

Falanx is now at breakeven - major contract win news: Buy

Recently folks have been panicked into selling shares in Falanx (FLX) as market abusers spread some clear and silly lies about the company. Falanx has answered in the best way possible with a massive contract win which, we reckon, means that it is now operating at very close to breakeven or better. And it will soon get much better than that for we shareholders.

Boom
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Another unpaid supplier has to take Julie Meyer's Ariadne to Court in Malta - the empire is collapsing

In the UK Julie Meyer's flagship vehicle Ariadne Capital Limited went into administration before Christmas owing millions and demonstrating that its 2016 accounts were pure fiction. I can today reveal that yet, another of Praise The lord's dwindling band of UK companies, Ariadne Capital Partners Holdings Ltd has now suffered a First Gazette notice for strike off but it is in Malta where the shit is really hitting the fan for La Meyer's five companies.

KDR
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Karelian Diamonds – a lesson in reading RNSs: You've been spoofed - when’s the placing?

AIM-listed Karelian Diamonds (KDR) rather bucked the trend yesterday when it put on 10.6% on a day the markets were again sinking. We all know Karelian needs a placing urgently, to keep the lights on. So what caused the rise? Oh, hang on, there are three RNSs which were released just after 3.40pm – and they are all good 'news', except for one small detail…

Bobby-Moore

Radical Feminist Mark Slater and the cause of women's soccer

There are two things that I have never associated with my friend Mark Slater. One is being in any way, shape or form politically correct. The other is having any interest in football, it is surely a game for the oiks. Imagine my shock then to see the latest image tweeted by Brislington Ladies FC, my local club who I follow keenly - on twitter at least.

CRL

Creightons – a 4:05pm “Trading update”, Uh oh…

Creightons (CRL) has made a 4:05pm Trading update - expected 2018 outturn announcement. I guess it ain’t going to be good then…

PROX

Proxama – a well-run company? Then I’m a banana

This is comedy central. AIM-listed Proxama (PROX) put out an RNS after-hours last night (at 5.29pm) entitled Statement re Speculation and then ‘fessed up to a few problems at Companies House. I haven’t tracked down the speculation – perhaps some kind reader can point us all in the right direction. But well-run companies don’t suffer from this type of problem. The RNS read:

DSG

Dillistone – shares soar on ramptastic trading update; how’s the balance sheet?

Shares in Dillistone Group (DSG) are currently more than 20% ahead, heading towards 80p, on the back of a Trading Update & Notice of Results announcement… but then they were also approaching 100p around a year ago, so what’s the story here?...

BP

BP Isn't the Fastest Share Alive, But Its Steady Plod Upwards Should Resume Soon

Hello, Share Seekers. I have a bigger holding than is safe with BP (BP.), but I don't think I’m going to sell any for some time. Which is a bit of a silly statement to make as, just like any other company, the story could change at any time. But BP has ridden out the storm of compensation. And though the fight isn’t over yet, I think share shifters like us need not worry too much. This is a huge company which can absorb most shocks.

Bearcast
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Tom Winnifrith Bearcast: IQE owning shitheads you deserved today's kicking and there will be more to come

In today's podcast I start with a follow up on Steve's excellent piece on Gattaca (GATC) where the COO is surely an insider dealer like Yosi Fait but as with Yosi nothing will happen as London regulation is a joke.  Then I look at IQE after today's bombshell from Muddy Waters (see HERE). Those who lost cash deserved to for ignoring so many prior warnings. I only celebrate the losses suffered by some of them. 

IQE
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BREAKING: IQE - now the shit really hits the fan: Muddy Waters goes short and publishes the bombshell dossier below

Legendary US bear raiding outfit Muddy Waters has announced that it is short of IQE (IQE). It dismisses Matt Earl's Shadowfall dossier of last week as only partially getting there and has published its own devastating report slating IQE as an "egregious accounting manipulator". Don't mess with Muddy Waters, anyone out there still owning this stock should sell NOW!. Muddy notes:

NANO
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Nanoco – emphasises a “scale-up and mass produce” agreement… what’s the financial detail?

Shares in Nanoco Group (NANO) are currently racing ahead on the back of a Material Development and Supply Agreement announcement, with a sub-heading; “New partnership includes infrastructure investment, development, milestones and commercial supply agreement”. So, what’s the detail?...

BMR

BMR Scandal - what about the November Placing? A Very Angry Bear comes a-calling

Further to my pieces on the BMR Scandal, we might note that BMR completed a Placing via those fine upstanding chaps at Peterhouse Corporate Finance to raise £0.8 million at 2p, as announced on 14 November last year. This was, of course, when BMR knew – but the market did not – that it had received a default notice regarding its Kabwe project in Zambia.

SN

Hip Priest! (Or why I am warming up to Smith & Nephew)

Of course the title is a nod to the sad passing of music legend Mark E Smith a couple of weeks ago...but given the demographic of readers on this website I expect many of you are familiar with his 1981 penned epic which so famously was also used in The Silence of the Lambs. As one wag put it in a YouTube comment 'i find its (sic) the perfect song to play when you're being chased through your dungeon-like basement by an FBI special agent'. Absolutely! Anyhow...back to finance and investments.

BMR

BMR Scandal – Jubilee says it knew nothing of the default notice.

Well, well. Yesterday AIM-listed BMR ‘fessed up that it had received a default notice way back in September from the Zambian authorities with reference to its Kabwe project. The company didn’t notify the market of that until yesterday, when it ‘fessed up that it has now been stripped of the license. So what of its joint venture partner, fellow AIM-listed Jubilee Metals Group (formerly Jubilee Platinum, JLP): what did it know?

FLX

Falanx shares to double & video interview with CEO Mike Read

As it happens, I reckon that Falanx (FLX) shares, which we own, are a stand out buy as well after yesterday's superb news. My thoughts will follow in due course. First up is the joint broker, Beaufort, with its thoughts and its video interview with boss Mike Read. 

CTAG

Is this an early April fool video: The fraud Cloudtag is getting into blockchain?

Remember the fraud Cloudtag (CTAG), booted off AIM after its Nomad quit after it told just one too many total lies? Perhaps this is a spoof but it seems that fitness bands are not the place to be, Cloudtag is getting into blockchain. Natch! 

Beggar
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Julie Meyer presenting in London on Friday - wants YOUR money - here is her slidedeck

Given the administrators bombshell report into the demise of Ariadne HERE, the administrator's shocking report into the demise of Taggstar HERE and all the other shocking exposes on Julie Meyer we have run HERE would you be rushing to hand this woman any of your cash? But it seems she wants it. 

GATC
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Gattaca – not mentioned with director share sale & then a “Statement re Share Price Movement” 3 weeks ago… but now a profit warning, dividend cut (& CEO resigns)!

On 17th January Gattaca (GATC) noted “the recent share price fall” and responded that there would be a “minimal” impact of Carillion's liquidation on its balance sheet and that a “trading update for the six months ended 31st January will be released 8th February 2018”. However, at 2:30pm yesterday there were Trading Update and Directorate Change announcements. Hmmm…

PMG

Increased stake in GPA is good news for Parkmead Group: Long Term Buy

I can understand why longer term investors in Parkmead Group (PMG) may be somewhat unimpressed with the performance of the share price recently, but the company itself is continuing to make good progress. I hold shares in the company myself, and whilst the share price has generally been trading in the mid-30p to low-40p range, in spite of the strength that the oil price has been showing in recent months, I’m happy to remain invested and see how things unfold in the coming months and years.

CPI

Sell My New Capita Shares, Lucian? I Think Not.

Hello, Share Plungers. Much as it makes me uncomfortable to contradict the mighty wisdom of my fellow scribe here, Lucian, I have to disagree with his advice against bargain-hunting Capita (CPI).

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Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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