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ANCR
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Table of shorted AIM shares - week to 07/07/2017

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Malcolm-On-Motorcycle
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How to Judge a Company by What Its Big Cheese Says to Interviewers.

Hello Share Pippers.  There are all kinds of tricks you can use to maximise your profits. Some of them may seem to make little difference, but over the long haul they’ll put thousands of pounds in your pocket.

LWRF

LightwaveRF – Apple certification. Ooooh. Will it though need to be discounted fundraising ahoy?

LightwaveRF (LWRF) “is delighted to announce that its next generation Lightwave Link Plus has been certified under Apple's licensing scheme as a ‘Works with Apple HomeKit’ product”. Ooooh, Apple hey. Cue a further share price rise, but what’s actually happening here?...

FFWD
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Pure Horse Shit from Jim Mellon's FastForward - the shares will continue to tank

FastForward (FFWD) the investment company chaired by my old friend, the offshore based asset stripper Mr Jim Mellon, served up results for the year to 31 March today. Cynical Bear will give them the full workover they merit over the weekend  but I could not give my old pal Jim a completely free pass. The numbers are shite

PMP

Portmeirion – “in line” with expectations, but they previously reduced & sales trend doesn’t encourage

Manufacturer and distributor of homewares under the Portmeirion, Spode, Wax Lyrical, Royal Worcester and Pimpernel brands, Portmeirion Group (PMP) “updates on trading for the first half of the current year” and “is pleased to announce”... Sounds encouraging…

NIPT

Premaitha - Court action begins this week - BUY

And so after more than a year of huff and puff and fascist corporate bullying by US giant Illumina, the High Court action with Premaitha (NIPT) starts tomorrow. Premaitha says:

QRT

Quarto – profit warning, so tries to emphasise “transitional year”

Quarto (QRT) has announced a sale of its Books & Gifts Direct New Zealand business – this following a profit warning earlier in the week…

CNEL
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China New Energy – AGM confirms placing fears

ShareProphets AIM-China Filthy Forty play China New Energy announced its AGM today. As I suspected HERE the company’s full year results revealed a bit of a need for cash and the AGM notice (HERE) confirms that the company is leaving the door wide open on that score.

HNR
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Highlands Natural Resources: Some funding (not death spiral, honest) but a hugely risky punt even at 14p, sorry I mean 12p

Two weeks ago, following the results of Highlands Natural Resources (HNR) I advised getting out at 23.75p as the bubble appeared to be bursting (see HERE). Well done if you did as you could have got back in at 12p last night as part of the announced funding via PrimaryBid but the question is: should you have done? Hmm, I’m not quite as tempted as Tom sounded HERE but let’s take a look at the details.

BLUR
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Photo Article: Blur Minus 98% - where are our Devon mansions Phil Letts and your ghastly Mrs Kara?

Blur (BLUR) was floated at 82p. Today after five years of accounting fraud, operational failure and cash guzzling it is doing another bailout placing at just 1.75p so leaving its long suffering shareholders 98% down. As part of today's bailout a number of directors have "been resigned" including Kara Cardinale, hithero paid an arm and a leg as Chief Delivery Officer. Chief what the fuck???

IMTK

Imaginatik – “pleased to announce” open offer result. Really?

Previously writing on Imaginatik (IMTK) in April, I questioned the progress being made and attempted discounted fundraising ahoy? Last month there was a “Placing and Open Offer to raise up to £1.9 million” announcement and this week a “Result of Open Offer” announcement...

OCDO

How About Ocado - if You Think On-line Shopping is Set to Get Even Stronger?

Hello Share Smoothers. Ocado (OCDO) is one of those annoying companies which does not give you a clue as to what it does by its name. It is in fact an online supermarket. And it should have been called something like ‘The On-Line Supermarket.’ Never mind. Silly names is just one of my personal irritants in the share picking game.

HNR
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Today's Primary Bid Opportunity is Highland Natural Resources - deadline 9 PM TONIGHT, I'm tempted

No need to wait for the weekend. This PrimaryBid offering kicked off at 4.30 PM today and will close at 9.00 PM tonight or when £2 million is raised - the placing is in Highland Natural Resources (HNR). On the one hand we have been uber critical of Highland on the other this financing package with a massive private equity injection looks transformational. Worse still boss Robert Price has just called me and now I find it hard to be hostile to the man as he was quite charming. I am almost tempted to go for a small flutter as I shall explain below, but make no formal recommendation - here are the bare bones:

BLTG

Blancco Technology – 2 months after placing, cash performance below expectations due to non-payment of receivables. Hmmm…

Having in May been “pleased to announce the completion of a placing of 5,800,000 new ordinary shares… at a price of 169 pence per placing share” (I bet it was pleased - as otherwise it was cash crunch within weeks!), Blancco Technology Group (BLTG) has today released a “Trading Statement” which currently sees the shares down by more than 20% at sub 120p. Those who took part in the placing won’t be “pleased” then!...

ENTU

Entu – further from bad (en)tu worse; Strategic Review, new financing needed

Last month saw a delayed profit warning from energy efficient-home improvement group Entu (ENTU) – and me particularly noting the net debt and that, although purportedly “strengthened”, the executive team still not seemingly having the answers themselves – ‘from bad (en)tu worse, issues “more complex and extend further” than expected’. There is now a “Strategic Review” announcement. Hmmm…

TERN
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Tern – Was this week’s RNS actually a massive SELL note?

Having read Tern’s update on Device Authority and Nigel’s take on it HERE, I wonder whether there is a bit more to say as on a further re-read, I actually think that Al Sisto, Tern’s CEO, is admitting to all that the current share price is massively overvalued and shareholders should be heading for the door. Sounds like sage advice to me.

SCE

Surface Transforms - discounted fundraising o’clock (as warned)

In December I noted cash concerns on Surface Transforms (SCE) following a half-year trading update. I reiterated these last month, despite the company arguing “we continue to look forward with confidence”. Now surprise, surprise it’s discounted fundraising ahoy…

VLTY

Veltyco - cracking trading statement but...

At its AGM in the tax haven and cultural desert that is the Isle of Man, Veltyco (VLTY) was in bullish mood. The brief statement reads:

MYSQ
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MySQUAR – three questions it cannot or will not answer

After tearing apart this week's bogus trading statement from MySquar (MYSQ) HERE and HERE, the AIM listed POS has tried to pop up its falling share price today with another piece of PR non news. We can address that later but first I have three more questions that it can't and won't answer.

FLX

Falanx - small bolt on announced but not the big picture - that's next week

Falanx (FLX) has announced that it has bought Cloudified Limited for £180,000. This is a small beer deal.For what will really get the shares to sizzle higher we must wait a few more days.

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ANP

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Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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