Angus Energy shares crash - the read across to UK Oil & Gas - wake up and smell the coffee Morons
Shares in Angus Energy (ANGS) have plunged by 36% to 17.125p today after news from the Lidsey Field which cannot be described as anything other than disappointing. Hope meets reality. At some stage the same process will see shares in UK Oil & Gas (UKOG) crash. Let's start with Angus.
- By Tom Winnifrith |
- 17 November 2017, 04:33 |
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Carillion – follows July’s with another material profit warning, dilution extraordinaire ahoy?
Carillion (CLLN) topped the top shorted London-listed shares at the start of 2017 (recent performance update HERE) and remained so in our Autumn update HERE. Having commenced the year above 235p, the shares had slid below 200p before a July profit warning, business review and Chief Executive “stepped down” announcement. They are currently down from above 40p to below 30p today on the back of an “Update” announcement…
- By Steve Moore |
- 17 November 2017, 04:07 |
A Second big investor dumps Neil Nomates Woodford after more dismal returns - more to follow
Last month the Jupiter Merlin group which, at one point, had £942 million invested in funds managed by Neil "nomates" Woodford announced that it was pulling out its last monies. Now another big investment group has given up on Britain's most self important fund manager. Aviva, one of the largest savings providers in Britain, has had enough.
- By Tom Winnifrith |
- 17 November 2017, 03:02 |
SRT Marine Systems – interims claim “steady financial progress”. Really?
SRT Marine Systems (SRT) has announced results for its half-year ended 30th September 2017, stating “steady financial progress broadly in line with our expectations and significant operational and project related activities” and “look forward optimistically to the second half”. Sounds encouraging…
- By Steve Moore |
- 17 November 2017, 01:29 |
Aye, Aye, Aye the Beat is Crazy - and You Might Want to Dance into 3i
I don’t think I’ve covered 3i Group (iii) before. For one thing, it’s an unattractive brand name, not meaning anything obvious. Secondly, it invests in companies, which we, as canny share shifters, are capable of doing on our own. Then our money is not eaten away by administration costs. But this company is now bowling along and you may want to consider climbing aboard.
- By Malcolm Stacey |
- 17 November 2017, 01:12 |
Tom Winnifrith Bearcast: More reflections on UKOG & Falanx as I pine for Greece and the fit young mums
Sadly illness is still rife in this house so for this Thursday it is no coffee for me with the fit young mums. At least I shall be in Greece in five days time and that must be restorative to my health. In this podcast I start by looking back on UK Oil & Gas (UKOG) and its death spiral. I explain exactly how it works. Then a few further thoughts on Falanx (FLX) and why I am not selling our shares at this price. Then I look at Alexander Mining (AXM), another mega spoof from Clem Chambers, this time at ADVFN (AFN), at "Nomates" disaster RM2 (RM2)Fishing Republic (FISH) - a good zero bet - and at Regal Petroleum (RPT) which seems to be in a spot of bother in Ukraine.
- By Tom Winnifrith |
- 16 November 2017, 07:40 |
Boardroom shocker at the FTSE-100's GKN
You do not have to be active in the stock markets for long to realise that FTSE-100 companies have the propensity to deliver incompetence and intrigue just like their smaller cap brethren. Today's shocker is centred on automotive and aerospace sector giant GKN (GKN) which has made a bit of a habit over the last few months in bogging things up.
- By Chris Bailey |
- 16 November 2017, 04:20 |
Nanoco – full-year results. “A pleasure to introduce”, Really?
Nanoco Group (NANO) “is pleased to announce its preliminary results for the year ended 31 July 2017” and Chairman Dr Christopher Richards states “it is a pleasure to introduce Nanoco's results for the year to 31 July 2017”. Should be encouraging then…
- By Steve Moore |
- 16 November 2017, 04:10 |
Mkango Shares soar after it does a deal with Noble - what er...this Noble?
The RNS from Mkango Resources (MKA) reads well. It has done a deal which sees Noble Group farm in to earn a 49% stake in the company's rare earth's project at Songwe by spending £12 million on the ground. But there is a bit of a caveat that bulls opt to ignore.
- By Tom Winnifrith |
- 16 November 2017, 03:59 |
Green Dragon - surely this is an admission that its equity is worthless?
Drowning in debt and red flags POS Green Dragon (GDG) admitted on 30 October that it was in talks with bondholders to push out repayment terms and it promised that those talks - which had been undserway for a while - would be concluded by 20 November. Well maybe not.
- By Tom Winnifrith |
- 16 November 2017, 03:35 |
Mayan Energy, the dump after the pump - Zac "The Knife" Phillips has 14 questions for the shysters
Ramptastic - if not entirely transparent RNS releases, Bulletin Board and twitter ramping by all the usual suspects with ludicrous price targets, no cash. What on earth did you expect was going to happen next at perennial uber dog Mayan Energy (MYN)? As those who were paying up to 0.9p at peak ramp just a few days ago contemplate how they were used to get away a £2 million placing at 0.6p they should have very serious questions for London's worst Nomad Roland Fatty Cornish who has signed off in recent ramptastic releases. Enter the fray Zac "The Knife" Phillips of SP Angel, the City's top oil analyst who has 14 questions that a Nomad with a shred of integrity and competence would have asked before allowing the releases. Over to The Knife who writes:
- By Tom Winnifrith, The Sheriff of AIM |
- 16 November 2017, 02:53 |
BCA Marketplace - the macro data out that reinforces the big short
Even supporters of BCA Marketplace (BCA) concede that it is massively operationally and financially geared to sales volumes in the second hand car market. And thus yesterday came the data that bulls such as Neil "Nomates" Woodford must have been dreading.
- By Tom Winnifrith |
- 16 November 2017, 02:35 |
BOS Global: The saga continues – why does anyone really want to run this insolvent POS?
The ongoing farce at BOS Global (BOS) continued with an out-of-hours Company Update yesterday which may not be good news for shareholders but it is certainly providing a bit of light relief for the neutral as a high stakes game of chicken seems to be ongoing where the “winner” gets to run a loss-making, close to insolvent, horror show of a business.
- By Cynical Bear |
- 16 November 2017, 01:46 |
SHOCK VIDEO: Lyin' Steve Sanderson of Uk Oil & Gas explains what really makes him tick
The video is self explanatory and the UKOG ramper in chief does not mince his words. Enjoy.
- By Tom Winnifrith |
- 16 November 2017, 01:10 |
Be a Plastic Palace Alice and Look at Fenner as its Profits Soar
Hello, Share Poolers. Having just learned my horror novel Black Snow will be out for Christmas, I’m having kittens wondering if I’ve libelled anybody (I no longer have Uncle Tom’s courage). But I’m not defaming Fenner plc (FENR) because it's scorching ahead.
- By Malcolm Stacey |
- 16 November 2017, 01:10 |
Karelian Diamonds – like Conroy, is it placing ahoy?
AIM-listed Karelian Diamonds (KDR), like fellow AIM-listed Conroy Gold and Natural Resources (CGNR), is run by the good Professor Richard Conroy. Tom Winnifrith has exposed a pretty gruesome histoire at Conroy, but what about its little brother?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 15 November 2017, 09:25 |
Utilitywise - auditor requests estimation methodology review by a third-party, results delayed again!
Having previously noted transparency and visibility concerns about Utilitywise (UTW), I today note the shares currently more than 10% lower at around 50p on the back of a “Final results timing update” announcement…
- By Steve Moore |
- 15 November 2017, 09:20 |
Walker Greenbank – from “improving trend” to “weakened significantly against management's expectations” in 6 weeks
Previously writing on interior furnishings company Walker Greenbank (WGB) in August with the shares then approaching 240p, I concluded a forward price/earnings multiple of 14x and dividend yield of circa 2% look fair enough, but consumer concerns see me at this juncture avoid. The shares had since slipped back towards 200p – before a “Trading Update” announcement today…
- By Steve Moore |
- 15 November 2017, 07:14 |
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Tom Winnifrith Bearcast - what the hell is happening with Purplebricks?
Today's main bearcast is short as I feel rotten. Apologies. In it I cover events in Zimbawe and look forward to the execution of Africa's Hitler. I look at Purplebricks (PURP), UK Oil & Gas (UKOG), West African Minerals (WAFM) and Mosman Oil & Gas (MSMN)
- By Tom Winnifrith |
- 15 November 2017, 04:29 |
Idox – 3:45pm “Year End Trading Update”. Uh oh…
I previously wrote on information management software and services company Idox plc (IDOX) with the shares above 60p in August, concluding that I’d at least want to see some concrete evidence towards delivering the growth forecast and improving cash flow and balance sheet dynamics before considering this stock as an investment. There’s now been a 3:45pm “Year End Trading Update” announcement. Uh oh…
- By Steve Moore |
- 15 November 2017, 04:03 |