Nighthawk - breaches bank covenant, can't repay debt - surely its an equity wipeout?
Shares in Nighthawk Energy (HAWK) are off by 40% today at 0.225p but that still values the company at £2.17 million. For a company that looks utterly screwed that is surely far too high? About £2.17 million too high.
- By Tom Winnifrith |
- 3 October 2017, 03:16 |
Some very blatant pumping preceded the Canadian Overseas equity issue
Spotting a placing coming on the smaller shares isn’t always that hard, and is usually a combination of the company getting to a point in time where typical cash burn suggests that funds will be low, and perhaps even more importantly, taking note of those who suddenly seem very keen on that particular company!
- By Gary Newman |
- 3 October 2017, 01:30 |
Here's One of the Best Footsie Giants to Invest In, in my Humble View
Hello Share Scribblers. You don’t need me to tell you that the world is becoming a more volatile place - including geopolitics, but also in the likes of weather and fire hazards, as in the case of Grenfell Tower.
- By Malcolm Stacey |
- 3 October 2017, 01:20 |
premium content
Tom Winnifrith Bearcast: Jumping Fleas, Falanx & trying to be objective about PCGE
I start with a look at the weekend's events in what could be, and should be, the Catalan Republic. It shows our political leaders, but especially those in the EU, in the worst possible light. If the Catalans do go it alone it has massive implications for the Euro which I discuss. Then it is on to PCG Entertainment (PCGE) where I declare an interest but try to be objective in a detailed analysis. There is a similar biopsy but it could soon be an autopsy on Starcom (STAR). I also cover Falanx (FLX) "the flea jumping" - a stock we own - and comment on Advanced Oncotherapy (AVO). I have remembered what I forgot at the end and will cover it tomorrow.
- By Tom Winnifrith |
- 2 October 2017, 08:50 |
Time Out – lease agreement for another site for what it describes as “the highly successful Time Out Market concept”. Hmmm…
Time Out Group (TMO) has announced the signing of a lease agreement for another site for what it describes as “the highly successful Time Out Market concept”. Hmmm…
- By Steve Moore |
- 2 October 2017, 08:29 |
Bull Market Insanity: Auto IFA Nutmeg - surely this is going to end in tears
Nigel Wray and a raft of big name institutions have ploughed £59.4 million to date into Nutmeg, the online platform offering automated advice on fund allocation. Results out today beg the questions "why?" and "is this another sign of bull market insanity"
- By Tom Winnifrith |
- 2 October 2017, 06:54 |
After company chat, Strong Buy Big Sofa at 18p
Disclaimer: a) We own a large number of shares in Big Sofa (BST). b) There is a bear case. My colleague at ShareProphets puts it in full HERE. I explain why he is wrong in a Bearcast HERE. But why are the shares a buy? Unlike Mr Bear I have spoken at length to the company. So I enlarge on a piece from HotStockRockets on the basis of that chat.
- By Tom Winnifrith |
- 2 October 2017, 05:56 |
premium content
88 Energy - where has the cash gone? When's the bailout placing? New presentation shocker!
Over-ramped 88 Energy (88E) has announced today that it has published a new corporate presentation. If they can stay awake through 15 pages of pure horse and corporate waffle, its, in denial, moronic shareholders need to have an urgent butchers at page 16.
- By Tom Winnifrith |
- 2 October 2017, 05:26 |
Competition Result: dismal showings on interims deadline day
Entries ranging from a rather optimistic zero up to a more sorrowful 19 was the range set by ShareProphets readers, but what answer did the global shorting conspiracy come to?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 2 October 2017, 05:17 |
Stanley Gibbons – results & a revised division sale see shares slide again
Collectibles group Stanley Gibbons (SGI) has announced results for its year ended 31st March 2017 and a revised sale of a division. The shares have currently responded more than 13% lower towards 8p…
- By Steve Moore |
- 2 October 2017, 04:59 |
Peak Merkel
Europe's politically dangerous year has ended after the Germans went to the polls last Sunday. It was a stark reminder that the populist threat is a real one, as the far-right Alternative for Germany (AfD) party entered parliament with 12.6 percent of the vote, making it the first far-right party to enter the German Bundestag since 1960. The strong showing sent shockwaves through Germany's political and business elite and was widely seen as a backlash against Chancellor Angela Merkel's "open door" refugee policy. While Merkel will continue to govern for a fourth term, her party's support fell to its lowest level since 1949, making the task of forming a coalition a much tougher one this time around.
- By David Scott |
- 2 October 2017, 03:40 |
Winner of the Bulletin Board Moron of the Week contest - sponsored by Telit and Eros
This is the last Bulletin Board Moron contest for awhile. We're going to let it lie fallow and let the morons fester for awhile. But we do have a winner for the week.
- By Pizza Hardman & Hackney Marxist Darren Atwater |
- 2 October 2017, 03:38 |
Universe Group – interims argue “a solid platform from which to drive future growth”, BUT…
Point of sale, payment and on-line loyalty systems developer and supplier Universe Group (UNG) has announced results for the first half of 2017 and boardroom change…
- By Tom Winnifrith & Steve Moore |
- 2 October 2017, 02:20 |
Take a Sip of This Share - and You may Find it Tastes Even Nicer Later on
Hello, Share Smackers. Occasionally we should invest in companies which do boring stuff. Based on the Yorkshire proverb ‘Where there’s muck, there’s brass’, I give you ‘Where there’s tedium, there’s chance of a rocketing share price.’ Which brings me to today’s thrilling suggestion for your portfolio.
- By Malcolm Stacey |
- 2 October 2017, 01:17 |
InternetQ - what are the dodgy bubbles hiding now - accounts overdue....
In December 2015 from my winter base in Greece I ran a series of articles, starting from Athens with Love, which, I believed, quite clearly showed that the Greek, AIM listed company InternetQ (INTQ) was a fraud. Specifically I demonstrated that its music streaming business Akazoo was a sham. The company denied this and in the end its boss Panagiotis Dimitropoulos and fund manager Tosca paid c£20 million to buy out minority shareholders and take InternetQ private. It is now called Akazoo Ltd. The Sheriff is still on the case
- By Tom Winnifrith, The Sheriff of AIM |
- 1 October 2017, 07:12 |
premium content
Master Investor accounts out..oh dear, oh dear, another £500,000 spunked, by Jim Mellon!
It is a good job that my old friend Jim Mellon is so rich because it appears that the assets he stripped out of my old company Rivington Street Holdings, that is to say t1ps and the Master Investor Show, seem to be burning £10,000 of his cash every week. Poor Jim. The accounts for 2016 have just been published and are even worse than 2015. One wonders how long will this very poorly attended show be kept going?
- By Tom Winnifrith |
- 1 October 2017, 06:58 |
Premier African Minerals £3.5m Underwritten Offer from Primary Bid - Deadline 5PM today
What I know about Premier African Minerals Limited (PREM) you could write on the back of a postage stamp. And still have whte space. But if you are a fan it is the latest Primary Bid offer. But hurry the deadline to get shares at 0.3p is 5PM Today Sunday HERE. We are told that:
- By Tom Winnifrith |
- 1 October 2017, 03:27 |
premium content
Tom Winnifrith Bearcast - Cynical Bear and Theresa May talk from ignorance & get it wrong: Big Sofa & Capitalism
I start with a discussion on Big Sofa (BST) prompted by Cynical Bear's article today which is just wrong. CB writes HERE. Then it is onto capitalism and the useless Theresa May and then on to another reason why house prices are set to crash. Finally I discuss forward selling and whether it is wrong or illegal
- By Tom Winnifrith |
- 1 October 2017, 01:09 |
Kibo Mining – IT’S NOT A DAMN PLACING, OK
I am forced into doing a follow-up on Kibo Mining’s (KIBO) convertible loan funding arrangement announced on Wednesday last week which I covered HERE due to the fact that all loans were converted on the very next day on Thursday. What was the bloody point? Well, I reckon I worked it out.
- By Cynical Bear |
- 1 October 2017, 00:45 |
premium content
Purplebricks: Thoughts on Trading Update
Purplebricks (PURP) trading statement released on Friday was characteristically short on detail and did little to justify its sky-high valuation.
- By Lucian Miers |
- 1 October 2017, 00:14 |