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Conroy Gold - sham GM result- rebels will call another, Prof Conroy your stockmarket days are numbered, the Sheriff of AIM is coming to Dublin to get you!
I revealed on Sunday how Professor Richard Conroy had abused shareholder democracy at a sham of a GM for Conroy Gold & Natural Resources (CGNR). In preventing three rebels from joining the board when that is what shareholders clearly wanted he has shown himself no longer fit to run a PLC. I can only compare his pastoral care of shareholder rights at Conroy to that handed out by the Christian Brothers to their wards at so many boys homes across Ireland in darker days of old. The Professor shames Ireland and shames AIM with his antics. Conroy has today failed to fess up to exactly what went on and also what has happened since. Okay, he asked for this, the Sheriff of AIM needs to go to Dublin.
- By Tom Winnifrith, The Sheriff of AIM |
- 7 August 2017, 06:31 |
Transense Technologies – another contract win announcement sees shares further higher, BUT…
Having previously noted shares in Transense Technologies (TRT) retaining their something of a recovery, they are currently further higher today, at 80p, on the back of an announcement of a “New iTrack Contract Win with BHP in Australia”…
- By Steve Moore |
- 7 August 2017, 06:30 |
Nyota – former chairman selling again last week, now below disclosable 3%.
Following my run for the hills at the weekend, we learn today from AIM-listed Nyota Minerals (NYO) that the former chairman dumped another line of stock last Wednesday (informing the company on Thursday) – 25 million shares. His holding – which started as 90 million shares in lieu of director’s fees – was down to 55 million. Since it is now below 3% he’s free to dump the rest without bothering the RNS system.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 7 August 2017, 05:59 |
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Telit - Smelly Cat, smelly Cat - its not your fault: talk me through the share dumping timeline again
I have just posted my analysis of today's disastrous interims from Telit Communications (TCM). This company is just drowning in red flags and the shares have crashed from 340p on May 25 when CEO Oozi Cats flogged £24 million worth to 156p. I could see this being a zero as explained in full HERE. But perhaps Oozi can help me on a few timeline issues just to explain why he is not an insider dealer. In return I have a special musical video just for him below...
- By Tom Winnifrith, The Sheriff of AIM |
- 7 August 2017, 04:56 |
Winner of the Bulletin Board Moron of the week PRIZE contest graciously sponsored by shamed Tory Baroness Ruby McGregor Smith of MITIE infamy
The word of the week for this edition of the Bulletin Board Moron contest is schadenfreude.
- By Piza Hardman and Hackney Marxist Darren Atwater |
- 7 August 2017, 04:49 |
Will Facebook's Mark Zuckerberg replace Trump?
Mid last week the odds of Facebook CEO Mark Zuckerberg running for President in 2020 surged to 65% before decline at the end of the week. While Donald Trump is still favourite at 5/2, Paddy Power has just reduced the odds of Facebook co-founder Mark Zuckerberg winning the 2020 US presidential election from 25-1 to 16-1. Trump's deputy Mike Pence is tied second with Senator Elizabeth Warren with odds of 15-2. Other interesting inclusions to the betting odds list are wrestling super star and actor Dwayne Johnson (popularly known as the Rock, 16-1) and Michelle Obama (14-1). Zuckerberg is now ahead of Hillary Clinton whose dismal betting odds are dwindling even more, now going from 25-1 to 50-1.
- By David Scott |
- 7 August 2017, 04:20 |
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Telit - as we often predicted this is the day the disaster unfolded, but can the CEO explain his £24m share sale?
I am not sure if Neil Woodford had a big stake but Telit Communications (TCM) ticked all the other red flag boxes for AIM casino disasters waiting to happen. UK Investor Show attendees know that this has been high on the bear's hit list for a while. Today the train wreck happened and as I write, shares in what was the most shorted stock on the casino, are 39% down at 156p. But a £199 million market cap is still a rum and coke. The shares could be 20p and I still would not buy. Pro tem I count this as another big win for the Sheriff of AIM.
- By Tom Winnifrith, The Sheriff of AIM |
- 7 August 2017, 04:04 |
21st Century Technology – Contract Win share price rise, but what of margins & the balance sheet?
The largest percentage share price riser in London currently today is transport technology company 21st Century (C21). This is on the back of a “Contract Win” announcement…
- By Steve Moore |
- 7 August 2017, 04:00 |
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Echo Energy - gets into bed with twice convicted market abuser as its new broker
Having rather publicly fired its old retained broker Brandon Hill Research on 31 July for being sensible, Echo Energy (ECHO) has today announced it has a new broker Hannam & partners. Who? I must admit that I have never heard of this firm and an RNS search shows it acting for just one other London listed company as its retained broker. But maybe it has a big research capacity to ramp the shares? er...
- By Tom Winnifrith, The Sheriff of AIM |
- 7 August 2017, 02:18 |
It's time to consider banking some profit on Dotdigital
Even with shares which have exhibited steady share price growth over a period of years there comes a time when you have to consider selling up and moving on, especially in cases where the market valuation looks to be ahead of the financials.
- By Gary Newman |
- 7 August 2017, 01:59 |
The Royal Bank May Regain Its Crown for Making Dosh for Shareholders
Hello, Share Sippers. My Honkers Bonkers (HSBA) shares are rising nicely. But at much less than 800p, they are still way short of previous bests of 1200p. And that was so long ago that Shakespeare was still a lad.
- By Malcolm Stacey |
- 7 August 2017, 01:18 |
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Nyota - run for the hills!
Tom Winnifrith has already castigated Peterhouse, broker to AIM-listed (but no longer ASX-listed) Nyota Minerals (NYO), regarding its role in the non-payment on a £200,000 loan note to which it apparently acquired on May 3rd. The apparent reneging on a firm commitment seem bad, but I fear things are far murkier.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 6 August 2017, 08:05 |
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AIM dog Eastbridge goes bust having given all its cash to a conman on the run - who will take the rap for this f**k up?
Peterhouse Corporate Finance, Mr Greg Colliar, crap Nomad Northland, Mr William Vandyk are you sitting comfortably? You sure? Now read on for yet another horror story emerging from the AIM casino....
- By Tom Winnifrith, The Sheriff of AIM |
- 6 August 2017, 07:59 |
Action Hotels - new opening, share price daft: BUY
Action Hotels (AHCG) the owner and manager of 3 and 4 star hotels in the Middle East and Australia, has opened of its second hotel in Bahrain, ibis Styles Manama Diplomatic Area.
- By Tom Winnifrith & Steve Moore |
- 6 August 2017, 06:11 |
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Waseem Shakoor on Frontera – no money, no CPR due, no JV imminent, Varang walked?
I’ve have a bear of AIM-listed Frontera Resources (FRR) for as long as I can remember. Perhaps it is the accumulated losses over the years of a whopping $479 million. Maybe it is the slide from c. 150p to the current 0.115p. Perhaps it is the boat load of confetti issued of late to settle debts. Maybe it is the delayed work on the South Kahheti gas assets. Whilst it seemed a slam dunk short at 0.42p per share (it was, now at 0.115p) there still seems to be more to go.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 6 August 2017, 06:10 |
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Neil Woodford - how long before The Deadwood Press admits that he does not walk on water?
This website has not joined in the general financial press adulation of fund manager Neil Woodford. But the rest of the 4th Estate has not held back in praising him as some sort of legend. This is of course not in any way related to the vast amount he spends on advertising his Woodford funds across Fleet Street. Oh no... the financial media can always be relied upon as beacons of integrity. But now even the MSM are starting to wake up and smell the coffee.
- By Tom Winnifrith |
- 6 August 2017, 05:50 |
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Purplebricks Is it time to Sell at 470p or Buy the Watchdog blip. I am leaning to the Former.
I wrote recently that I wouldn’t want to be short Fevertree (FEVR) or Purplebricks (PURP) on the basis that clearly crazy valuations have a habit of getting crazier.
- By Lucian Miers |
- 6 August 2017, 04:44 |
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Conroy Gold - a sick abuse of democracy at GM, Nomad Allenby must force change or quit - a day that shames AIM
At 2 PM on Friday Conroy Gold & Natural Resources (CGNR) convened a GM called to fire six directors and install three rebels. What followed was such a shameful abuse of democracy that it shames AIM. Yes, even the Casino, has not seen such a disgraceful rogering of shareholder rights until now. Conroy has yet to RNS the result but I can now reveal what happened. And also make clear that Nomad Allenby has a duty to force change or must quit for this is a dark day for shareholder democracy. It is nothing short of appalling.
- By Tom Winnifrith, The Sheriff of AIM |
- 6 August 2017, 04:35 |
Notes from Underground: They're not saying Boo, they're saying Booo-urns
The story of our week has been our turmoil with generic file hosting PLC, Audioboom. It's a sad fall for them. Created in 2013 as Audioboo, the service was intended as a resource for journalists (and musicians) to create audio clips as easiily as taking a picture. Founder Mark Rock talks about how instrumental Audioboo was during the Arab Spring uprisings here.
- By Not a media coward Darren Atwater |
- 6 August 2017, 03:57 |
Entu equity holders face wipe out - yet some PIs continue to buy!
Over the years I’ve watched the dying stages of a number of companies with interest, and in many cases you see a similar pattern in terms of share price movement.
- By Gary Newman |
- 5 August 2017, 05:18 |