Tern – ‘fesses up that Device Authority fundraise first close delayed, revenues tiny
Well, well, well: last Friday I suggested that the fundraise advertised by Tern in an RNS dated 11 August which was expected to reach $2.5 million at first close by the end of September appeared to have run into some difficulty. A week later Tern has finally got arround to confessing that first close is now expected to be during October. It seems that the company still needs a bit of help from ShareProphets Nomad Services.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 29 September 2017, 03:20 |
Advanced Oncotherapy Interims: cash-guzzler extraordinaire but the tank is empty
AIM-listed Advanced Oncotherapy (AVO) has released its interims results on deadline day. The highlights (if that is the right word) come from the cashflow statement, where cashburn appears to be almost £2 million a month. And then there is the company’s statement of working capital which, although technically correct, is a grossly misleading figure.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 29 September 2017, 02:27 |
Photonstar LED – interims; despite delay of roll-out May placing was stated to be for, guess what?
Results for the first half of 2017 from PhotonStar LED (PSL) include that “during H1 2017 steady progress has continued to be made in transitioning the group into becoming a retrofit connected lighting and building management business” and that “we… believe… we are now well positioned to achieve the successful delivery of Halcyon” (the company’s ‘Internet of Things’ platform for retrofit into commercial buildings). The shares have responded, er, more than 30% lower to 0.825p…
- By Steve Moore |
- 29 September 2017, 02:05 |
Filthy Forty Aquatic Foods - still no FY16s but at last an FD
ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) has at last appointed a new finance director to replace the previous incumbent who left all of a sudden as the company announced it was unable to release its FY16 numbers. Good news...er, well sort of.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 29 September 2017, 01:55 |
Crawshaw – half-year results include “impressed by the progress”. Really?
Crawshaw (CRAW) has announced results for its half year ended 30th July 2017, including emphasising “progress made against strategy to position Crawshaws as Britain's leading value butcher, delivering great quality fresh meat at the lowest possible price”. However, the shares have responded more than 12% further lower to 18p…
- By Steve Moore |
- 29 September 2017, 01:40 |
AIM-China Grand Group interims (the day before suspension) – lots of cash, why no interest?
AIM-China play Grand Group (GIPO) has released its interims to 30 June – one day ahead of the suspension of its shares on the world’s most successful growth market – about which there was no comment at all! This is therefore the last call to gain an exit ahead of suspension.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 29 September 2017, 01:25 |
Here's a Power Play for Divi-Lovers, but the Share Price May Not Move Much
Hello Share Crimpers. Dividend hunters among you may want to consider SSE (SSE) shares. The prospective yield of Blighty’s third biggest supplier of electricity and gas is a juicy 6.7%. It’s attained this jolly figure after increasing its pay-outs every year since the turn of this century.
- By Malcolm Stacey |
- 29 September 2017, 01:15 |
COMPETITION - Interim Results deadline tomorrow, how many dismal showings?
We know how much you all like a good competition - especially when there is no prize whatsoever! So with deadline day tomorrow for interims - and a good few still being worked on it seems - how many disappointments will we get by the close of the RNS system tomorrow night?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 28 September 2017, 08:14 |
Frontier Smart Technologies: Excellent results – more potential here
Following my rare buy tip on Frontier Smart Technologies (FST) back in May (HERE), I am happy to update my views following the expected strong interims this morning. The share price is moving nicely upwards and there is more to come over time in my view.
- By Cynical Bear |
- 28 September 2017, 08:00 |
K3 Capital – placing of locked-in shares complete…..oh, and the buy-back is binned
As Tom Winnifrith pointed out on today’s Bearcast, there seems to be no value in contractual arrangements any more. Shares subject to a lock-in? No problem, we’ll sell them anyway. And that brings me to K3 Capital Group (K3C). Like Tom, I have no idea what the company does and frankly nor do I care. But I do wonder whether things are going quite so well at the company in the light of this morning’s news. It wasn’t the sales which concerned me (although that was bad enough), it was what came with them.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 28 September 2017, 07:58 |
premium content
Entertainment One – greedy pig board reflects on feedback…and rewards the CEO immediately
Main market-listed Entertainment One (ETO) is a company I had a soft spot for until not so long ago, but the voting results from its AGM yesterday leave rather a bitter taste – especially in view of the company’s reaction to it.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 28 September 2017, 07:44 |
Imperial Brands - time to light up...
I have never smoked and have no plans ever to but I am enough of a libertarian to take the view that if individuals want to light up after knowing everything that medical science has discovered about tobacco over the last couple of generations then that is their business. And so I do periodically invest in the tobacco sector.
- By Chris Bailey |
- 28 September 2017, 03:54 |
Curzon Energy is about to IPO on the main market
Any new IPO in the natural resources sector tends to grab my attention, and whilst there are plenty of them where I wouldn’t even consider investing my money, occasionally one comes along which looks to have a bit more potential. That would appear to be the case with Curzon Energy (CZN).
- By Gary Newman |
- 28 September 2017, 02:42 |
Calling Co-Conspirators in Dublin - what are you doing a week tomorrow?
As I explained in today's bearcast, Professor Moriaty, the founder and chairman of the AIM listed lifestyle company pretending to develop a gold mine that is Conroy Gold & Natural Resources (CGNR) is currently the Number One target of the Sheriff of AIM and I am flying to Dublin on 6 October to nail him.
- By Tom Winnifrith, The Sheriff of AIM |
- 28 September 2017, 01:40 |
A Michael O'Leary of scumbags RyanAir joke
Michael O’Leary, Chief Executive of Ryanair after arriving in a hotel in Manchester went to the bar and asked for a pint of Guinness.
- By Tom Winnifrith |
- 28 September 2017, 01:35 |
premium content
Tom Winnifrith Bearcast - I defer to the guru Paul Scott & when is a legally binding lock in not a lock in?
On today's bearcast I look at K3 Capital Group (K3C) and ask when is a legally binding lock in not a lock in? If I hear another fat cat CEO say that he is dumping shares "in response to institutional demand" I think I shall scream. I have some observations about and (unanswered) questions for BNN (BNN) and its - suspended - CEO Darren Mercer. I have some observations about the democracy hating Professor Moriaty of Conroy Gold & Natural Resources (CGNR) and then a few observations from Paul Scott and myself about Boohoo (BOO).
- By Tom Winnifrith |
- 28 September 2017, 01:25 |
Align says buy Wishbone Gold at a 0.7p offer - target 1.97p
Okay the researcher is paid so is not impartial, but Align shows it believes by using its fees to buy shares which it holds. So as paid for researchers go it is more credible than most. It has initiated coverage of Wishbone Gold (WSBN). We see these shares as a buy at up to 0.85p with a 1.3p target to sell. Align is more bullish. It notes, in precis,
- By HotStockRockets |
- 28 September 2017, 01:20 |
The Brains, Money and Running of Some of the Biggest Building Sites on Earth is Down to this British Giant
Hello Share Swaggers. I’ve not covered John Laing Group (JLG) before, though maybe I should have done. Despite my recent post that oil is still worth investing in, as renewable sources are nowhere close to filling the gap, there is plenty of scope for a company like John Laing to grow its extensive renewables programme.
- By Malcolm Stacey |
- 28 September 2017, 01:09 |
Immedia – as shares slump on interims, argues “well positioned”. Really?
Immedia (IME), which describes itself as “a supplier of multi-media content and digital audience engagement solutions for leading brands and global businesses” (i.e. it supplies audio visuals and data analytics) emphasises in results for the first half of 2017 that “the board remains confident that the outlook for the group is positive”. However, the shares are currently down 16% on the day to 21p…
- By Steve Moore |
- 27 September 2017, 08:25 |
RM2 International: The future’s fine apparently – just need funding and customers!
RM2 International (RM2) gets the silver medal in the Results Preview five horse race having released its interims this morning. I was keen to see progress on the funding but there is nothing definite on that front although there’s nothing to worry about out as the management have got it covered – yeah right!
- By Cynical Bear |
- 27 September 2017, 04:40 |