Hornby – new CEO, an investment in a company he is the majority shareholder in to follow? Hmmm…
Previously writing on Hornby (HRN) in June I noted CEO Steve Cooke having stated “having returned the group to a sound financial footing we are now in a position to focus on the next stage of the turnaround plan which will see Hornby progress back to profitability and positive cash generation”. There’s today an “Appointment of CEO” announcement!...
- By Steve Moore |
- 3 October 2017, 07:40 |
Ferguson - fifty quid again, flippin' heck...
The fine office of Wikipedia informs me that: 'Ferguson is a Scottish surname and given name. The surname is a patronynic form of the personal name Fergus. The name Fergus is derived from the Proto-Celtic elements *wiros ("man") and *gustus ("vigour", "force", or "choice"). Well...you learn something new everyday. Additionally as of a few weeks ago it is the new name of the old Wolseley (WOS, now FERG), the FTSE-100 plumbing and heating kit stalwart.
- By Chris Bailey |
- 3 October 2017, 07:29 |
Tom Winnifrith Bearcast: Has Uzi Katz dumped his Telit shares & the next Neil Woodford car crash awaits
I start with a discussion prompted by a reader request on whether a brand has a hidden added value which you should account for when making an investment. Another reader asks if it is time to buy back into Eden Research (EDEN). I think he is being spoofed and explain why. Then I look at the latest (non) news from Telit (TCM) and ask if the mortgage fraudster and fugitive from US Justice, Uzi Katz, has dumped his shares. I look at what is happening at Conroy Gold & Natural Resources (CGNR) , at the latest Mosman (MSMN) spoof, comment again on Nighthawk (HAWK) and then at the next Neil Woodford car crash RM2 (RM2).
- By Tom Winnifrith |
- 3 October 2017, 05:46 |
Castings – a 2:32pm “Board change and trading update” announcement. Uh oh…
A 2:32pm – and thus clearly unscheduled – “Board change and trading update” announcement yesterday from Castings plc (CGS) immediately suggested uh oh…
- By Steve Moore |
- 3 October 2017, 04:30 |
Oi Milestone now tell us about that missing £1.25 million
Having correctly predicted that useless AIM rule breaking Deborah White would get the order of the boot as CEO of Milestone Group (MSG) my first question for her temporary replacement Tony Sanders is whatever happened to the missing £1.25 million?
- By Tom Winnifrith, The Sheriff of AIM |
- 3 October 2017, 03:33 |
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 |
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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 |
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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 |