ShareProphets

Wednesday 23 August 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


3 August 2017, 14:14 | By Steve Moore |

Gattaca – argues “broadly in-line” – though forecasts were cut as recently as April…

Having previously written on engineering and technology recruitment company Gattaca (GATC) in April - half-year results, General Election the next ‘uncertainty’?, the company has now updated on trading for its year ended 31st July 2017…

3 August 2017, 12:09 | By Steve Moore |

Gulf Marine Services – 3:21pm “Trading Update” announcement. Uh oh…

A 3:21pm (and thus clearly unscheduled) “Trading Update” announcement from Gulf Marine Services (GMS). However, it starts “overall the group is continuing to see good levels of tender activity and is progressing a number of opportunities”. Not as bad as feared then? Er…

3 August 2017, 10:43 | By Chris Bailey |

Next remains cautious but the shares romp...and remain on sale

Such is the current pessimism about anything to do with UK retailers that despite confirming that this financial year will see a fall in profitability of between 6.9% and 13.4%, it is perfectly logical that Next (NXT) shares should be up handsomely today.

3 August 2017, 09:09 | By Tom Winnifrith |

Matt Earl, The Dark Destroyer says Purplebricks denial does not wash

Infamous short seller Matt Earl, aka the Dark Destroyer, has gone to war with Purplebricks (PURP) questioning its absurd valuation and also its response to last night's hatchet job on the BBC Watchdog programme. Earl notes:

3 August 2017, 09:06 | By Tom Winnifrith |

Highland Natural Resources: Company Meet & This is why you should all be with PrimaryBid

Highland Natural Resources (HNR) did an offer with PrimaryBid less than a month ago at 12p. I suggested having a flutter and with the shares at 21.25p offer I feel 100% vindicated - I met up with Dr Robert Price earlier this week here in Bristol.

3 August 2017, 08:46 | By HotStockRockets |

Falanx - upgrade stance to BUY, share price decline baseless

Shares in Falanx (FLX) have fallen back to 5.25p -5.75p which is very frustrating indeed for we shareholders as there is no fundamental reason for a sell off. We have spoken to the company and are told:

3 August 2017, 08:05 | By Malcolm Stacey |

There's Possibly Too Much Uncertainty About Debenhams 'Turnaround' Approach

Hello Share Bundlers. About 10 years ago, I wrote a piece for a TV web channel extolling the advantages of buying shares in the big store chain of Debenhams (DEB). But since then I’ve rather changed my mind.

2 August 2017, 15:55 | By Steve Moore |

Walker Greenbank – “pleased to announce” half-year trading update, are the shares a buy?

Luxury interior furnishings company Walker Greenbank (WGB) “is pleased to announce its pre-close trading update for the six months ended 31 July 2017” - with this commencing with that brand sales “were up 35.6% in reportable currency compared with the same period last year”. Sounds good, so why are the shares currently sliding back slightly?...

2 August 2017, 15:00 | By Tom Winnifrith, The Sheriff of AIM |

AIM uber dog Mkango - insolvent by September, when's the bailout placing dudes?

The sad tale of Mkango Resources (MKA) , the TSX dog listed on the AIM Casino by SP Angel in June 2016 continues but for how much longer? The grim reaper is polishing his scythe and CEO William Dawes better start brushing up on the rules of battleship if he is to avoid what seems an inevitable fate. It all started so well. Mkango was insolvent and so SP Angel raised it some cash about eight months behind schedule and listed it to great fanfare.

2 August 2017, 14:07 | By Tom Winnifrith, The Sheriff of AIM |

Stratmin to be booted off AIM as funny China money fails to arrive - will anyone pay for this other than shareholders?

Oh dear. Oh dear. Another AIM debacle involving Chinese funny money. This time it is Stratmin (STGR). Its cunning plan was to do an RTO of Signature Gold and to fund that deal with a £5 million investment from Axel Management Group Pty Ltd. What could possibly go wrong?

2 August 2017, 13:50 | By Steve Moore |

Northbridge Industrial Services – half year update it’s “pleased to issue”… shares further slide

Northbridge Industrial Services (NBI) “is pleased to issue” a half year trading update, which includes “expects the results for the first six months of 2017 to be in line with management's expectations” and that “the growth of renewable power generation in advanced economies have already provided profitable opportunities”. So why are the shares sliding back below 100p?...

2 August 2017, 13:09 | By Tom Winnifrith |

ShareSoc Bang on the Money - the City of London should be ashamed over Saudi Aramco

Now that it seems to be distancing itself from shamed share ramper Roger Lawson, ShareSoc is starting to make some really very sensible points. Today, one of its contributors, has, rightly, taken the great and the good of the City of London to task over the shameful rule changes designed to ensure that Saudi Aramco floats here. Like the author, Mike Dennis, I would not touch that IPO withn a bargepole.

2 August 2017, 11:10 | By Steve Moore |

Transense Technologies – argues “ahead of expectations”, but on a closer look…

Shares in Transense Technologies (TRT) are currently retaining their something of a recovery from an end of June “Glencore - Further Contract Win” announcement, following a trading update for the company's year ended 30th June 2017…

2 August 2017, 09:44 | By Tom Winnifrith, The Sheriff of AIM |

Blur fires its founder & CEO Phil Letts, 18 days after sacking his ghastly Mrs - but where are the shareholders' Mansions?

At 7 AM yesterday AIM uber dog Blur (BLUR) announced its god-awful results. At 8 AM after a bailout placing had been approved its shares came out of suspension. In the 7 AM results statement CEO Phil Letts noted "I welcome the new board members to blur and look forward to working with them." It seems the feeling was not mutual. By 5.32 PM Blur was announcing that Letts was leaving. Make no mistake, he was fired.

2 August 2017, 08:41 | By Nigel Somerville, the Deputy Sheriff of AIM |

RedX – administration update and a question over the interims

RedX Pharma’s administrators have updated the market on the state of play with this (currently) insolvent company. The good news is that a sale of assets is proposed which will bring in $40 million and that subject to review by the administration team of business plans by the management the company would be set to exit administration and shares restored to trading.

2 August 2017, 08:24 | By Steve Moore |

2 August 2017, 08:18 | By Malcolm Stacey |

Take a Look at this Rising Company Which Fights Addiction

Hello, Share Muddlers. Within my mission to bring to you shares which seem to be operating under the radar, and so you might not have considered them before, I give you Indivior (INDV). This is a small drugs company with the power to improve society.

1 August 2017, 14:40 | By Steve Moore |

blur Group – “pleased to announce” (late) results. It shouldn’t be…

Following it having missed the six month deadline for full-year accounts publication (as, pending the securing of funding, it was “unable to sign-off the audit”) – and the shares resultantly having been suspended, blur Group (BLUR) now “is pleased to announce its audited final results for the year ended 31 December 2016”. Hmmm, “pleased” hey?…

1 August 2017, 12:00 | By Tom Winnifrith |

Jim Mellon 's Regent Pacific profits warning - premature ejaculation proving a bit of a cock up

Oh dear, oh dear, it seems as if my old friend Jim Mellon had a bad day at the office on Friday. Hat tip to a reader who has just alerted me to a quite diabolical (lack of) profits warning from Regent Pacific which has many British shareholders thanks to its all share rescue takeover of AIM dog Plethora (PLE).

9 hours ago | By Tom Winnifrith |

Tom Winnifrith: Sign up now for new free share tip service FiveFreeShareTips.com

Following complaints from shamed share ramper Roger Lawson, ADVFN has insisted on a raft of new editorial controls on OneFreeShareTip.com. I did not re-start my life five years ago to be told what I could or could not write. I said no and ADVFN boss Clem Chambers has just said that the website will be shut down. So...our hand is forced ... Welcome to fivefreesharetips.com - we hope you join NOW HERE.

3 days ago | By Pizza Hardman & Hackney Marxist Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by some scooter courier shop in Vietnam, #1 distributer for Telit

As seen here, Telit's (TCM) distributers are a, um, diverse lot, including a distributer in Vietnam that appears to be a scooter courier firm. Which is nice, and thank you for sponsoring this week's Bulletin Board Moron search.

7 days ago | By Malcolm Stacey |

A Super Sewer, A Swish Station and a Big Bridge. Balfour Beatty is on a Roll

Hello Share Scraggers. Infrastructure is a buzz word at the mo. Companies which supply it (if that’s the right word) are seeing their share prices rise. You’ll recall that Big Donald climbed into power by saying he would spend a lot more on roads and other public projects in the USA. Not to mention that laughable Mexican wall. And Blighty’s government has also said it will be spending more on infrastructure.

7 days ago | By Tom Winnifrith |

I will make this simple enough that even Bushveld shareholders can understand it

I'd like to start a competition to find the AIM shareholder list with the lowest average IQ. I am beginning to think that it may well be that of Bushveld Minerals (BMN). Sure its shares are up by 400% since the pump and dump of last fall (exposed HERE) and they may rise again on the latest pump and dump of yesterday (HERE) but folks need to be aware that a placing is a slam dunk cert. Oh no, say some very stupid people.

7 days ago | By Tom Winnifrith, The Sheriff of AIM |

Andalas Energy: Open letter to FCA & AIM Regulation - Market Abuse & Breach of AIM Rules

I am deeply troubled by events at AIM uber dog Andalas Energy (ADL) on Monday afternoon. This is a company that has form when it comes to breaking AIM Casino Rules but on this occasion it is the advisers at Cantor Fitzgerald, whose actions have alreday cost some folks 50% of their money, who should be hung, drawn and quartered. Sadly we have gone soft on crime but at least they should be clobbered by the FCA for market abuse and AIM Regulation for breaching AIM rules. I have sent a letter.

7 days ago | By HotStockRockets |

Optibiotix - we buy more shares for first time in two years, price is just wrong

Thanks for all the emails on Optibiotix (OPTI). We understand seeing the shares slide back to 53p odd is alarming. To one or two of you, there is no need for such language! To the rest of you here goes.

7 days ago | By Tom Winnifrith, The Sheriff of AIM |

AIM Dog Servision: another warning and it is death spiral and dilution frenzy ahead

When serving up god-awful FY numbers on deadline day ( June 30th) it was shown that uber dog Servision (SEV) had serially misled investors and indeed told outright lies over the prior half year. Rover also served up its second profits warning in two weeks with the god-awful numbers and 'fessed up "Our working capital position is tighter than we anticipated" - I should cocoa. Today it got worse.

6 days ago | By Malcolm Stacey |

Looking for a Possibly Safer Airline Venture? - Well, this Fleet's In

Hello Share Grafters. The congestion in most of our airports will give you the heads-up that air travel is booming. It will continue to do so, especially as more people from developing countries become middle class. But you may still be wary of big airlines.

6 days ago | By Steve Moore |

EU Supply – does “Contract win” merit a 12% share price rise?

Having reached 18p last month, shares in e-procurement software provider EU Supply (EUSP) had slipped back slightly – but are currently further higher on the back of a “Contract win” announcement. This following a trading update earlier in the month…

6 days ago | By Steve Moore |

Idox – acquisition aids a rating which is “highly attractive”… Or is it?

Having reached more than 75p in May, shares in information management technology and services company Idox (IDOX) declined below 60p early last month before recovering above 65p - then declining towards 60p again. The company is now “pleased to announce that it has acquired… Halarose, a supplier of electoral back office software and services to UK local authorities, for £5.0 million, comprising £3.5 million in cash and £1.5 million in shares” (at 61.5p)…

6 days ago | By Tom Winnifrith |

Obtala - shares to more than double: broker VSA: we publish the note

VSA is house broker to Obtala (OBT) so is not impartial. Neither am I as we own a small number of shares following a Dragon's Den pitch as the 2017 UK Investor Show. But the price target suggests real upside and VSA's research team is well regarded and since we happily published an uber-negative piece from Evil Banksta the other day, this offers some balance. VSA has tweaked its forecasts

6 days ago | By Steve Moore |

Capital Drilling – half-year results include “broadened” uplift in activity, so why are the shares lower still?

Drilling services company Capital Drilling (CAPD) has announced results for the first half of 2017, including that an initial uplift in activity has broadened with an improving outlook in industrial metals and capital markets activities support. Why then are the shares further lower, below 40p, having been above 60p earlier this year?...

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

A letter to the chairman of the London Stock Exchange - why no independent review of the Telit fraud?

You may remember that at the last AGM of the London Stock Exchange (LSE) its chairman,, Donald Brydon CBE, 'fessed up to being a ShareProphets reader and as we chatted afterwards he came over as a thoroughly decent man. But he has, yet again, been failed by his minions in their handling of the biggest AIM fraud of the year, so far, Telit (TCM). Lowly gofers such as the head of AIM Regulation, the fake Sheriff Mr Marcus Stuttad,  have allowed Telit to avoid any independent scrutiny of its accounts & business practices despite clear evidence of fraud. That has to change and maybe Brydon will push for that. I have sent him a letter.

6 days ago | By Tom Winnifrith |

Kennedy Ventures - Giving 3.98% of the company to the CEO does have a cost

Some folks think that handing out share options to senior staff is a cost free exercise and b) benefits all shareholders as it incentivizes the board and also aligns their interests with those of stockholders. Bollocks on all counts.

6 days ago | By Tom Winnifrith |

Does Neil Woodford really deserve a halo - is Circassia the biggest dog in his funds?

If you read the bent, freebie is our middle name, personal financie columnists in the deadwood press, fund manager Neil Woodford walks on water. I disagree and have noted before, that, maybe, after three dismal years, others are starting to see the light.  But, with assistance from a leading broker, how about we have a real look at the Woodford Patient Capital Trust (WPCT) but also at the sort of dogs Neil ifalls in love with.

9 hours ago | By Tom Winnifrith |

Tom Winnifrith: Sign up now for new free share tip service FiveFreeShareTips.com

Following complaints from shamed share ramper Roger Lawson, ADVFN has insisted on a raft of new editorial controls on OneFreeShareTip.com. I did not re-start my life five years ago to be told what I could or could not write. I said no and ADVFN boss Clem Chambers has just said that the website will be shut down. So...our hand is forced ... Welcome to fivefreesharetips.com - we hope you join NOW HERE.

9 hours ago | By ShareProphets |

6 tips, the one gold share that all must own, and six reasons why the stock market may crash in 2017 - The August edition of the UK Investor Show magazine is now live

The August edition of the UK Investor Show Magazine is live featuring six share tips, the one gold share that all must own, and six reasons why the stock market may crash in 2017 and much more.

2 days ago | By Steve Moore |

Provident Financial – calamitous “Trading Statement”, shares plunge, another nightmare for Neil Woodford

Earlier this month in Neil Woodford - how long before The Deadwood Press admits that he does not walk on water?, Tom noted a bad record – recently including Provident Financial (PFG). The Mail on Sunday had written “the FTSE 250 doorstep lender whose profits halved after it struggled to move to a new operating model” - the struggles have got considerably worse…

9 hours ago | By Tom Winnifrith, The Sheriff of AIM |

Arrogant bastard Nomates Neil Woodford explains his latest disaster Provident Financial

Showing not an ounce of humility, the fund manager who seems to have at least three high profile disasters as week, Neil Woodford has posted a comment on his group's blog explaining why Provident Financial (PFG) shares are cheap after yesterday's disastrous warning. But before you rush out to buy it is worth noting that after the last warning (in June) Nomates Neil posted another blog. Nomates had chatted at length to management, he understood the score, the market was wrong and Nomnates had bought a stack more shares. There seems to be a pattern here.

2 days ago | By Cynical Bear |

Sphere Medical – Yet another Woodford debacle: it’s all becoming a bit too common

When Neil Woodford launched his Patient Capital Trust (WCPT) to much fanfare in 2015, everyone waited expectantly to see how he would start spending the £800 million war chest and so one had high hopes in April 2015 with the announcement of the first investment for the fund, namely a £4 million investment in an exciting quoted biotech play, Sphere Medial Holdings (SPHR). As an announcement last night showed, it has been as successful (or not) as one of his other uber-dogs RM2 International (RM2).

1 day ago | By Tom Winnifrith, The Sheriff of AIM |

A Broker warns you on Bushveld... they do it with mirrors

Once again I return to the subject of the company on AIM with the stupidest bunch of shareholders. The auditors of Bushveld Minerals (BMN) have stated explicitly that the company needs to raise fresh equity to avoid going tits up but shareholders respond by saying "how often have auditors got it wrong?" and a range of other excuses. They just do not get it at all, it is placing ahoy. Now the company has news today which the morons who own this stock seem to think is good. Ina private email this morning a top City broker put it thus:

9 hours ago | By Pizza Hardman & Hackney Marxist Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by the AIM casino, the world's most successful growth market

This week's Bulletin Board Moron contest is sponsored by the AIM Markets, the world's most successful growth market, now only slightly smaller than it was last year.

12 hours ago | By HotStockRockets |

Optibiotix extends Sacco deal - another piece in the jigsaw: KEEP BUYING!

Optibiotix (OPTI) has announced that it has extended the Europe wide supply agreement announced with Sacco in March to cover the USA and Rest of the World. The new deal grants Sacco an exclusive licence to manufacture and supply OptiBiotix's cholesterol and blood pressure reducing LPLDL® strain in the US and ROW, in return for 50% of the profit, with a guaranteed cost of manufacture and minimum sales price per kilogramme to secure against discounting.

2 days ago | By Malcolm Stacey |

Why I'm Still Riding the Black Horse

Hello, Share Mixers. As you may have gathered, I favour investment in all four big British banks at the mo. My main reason is that each time one of them announces new figures, its balance sheet seems to have improved nicely and the share price usually shoots up.

1 day ago | By Tom Winnifrith |

Winner of the Telit Leather Man Macho Insider Dealer Yosi Fait caption contest announced

We asked you for suitable captions for the picture below of the leather man who took over from the cowboy as CEO of the Telit (TCM) village people. I refer, of course, to insider dealer Yosi Fait. You offered numerous suggestions as you can see HERE but there can be only one winner and it is

2 days ago | By Cynical Bear |

Red Leopard Holdings: Shock TR-1’s – Spreadex has been selling out

wrote at the weekend about the surprising lack of TR-1’s at Red Leopard Holdings (RLH), particularly from the largest shareholder Spreadex, with the company having gone into suspension pending an RTO. Well, as if by magic, they arrived yesterday, after hours of course.

12 hours ago | By Tom Winnifrith, The Sheriff of AIM |

Odd one out Contest: Martha Stewart, Lord Archer, Leather Man Yosi Fait and Jeff Skilling

Ok this really is easy. All you need to do is to say which of the four well regarded and utterly honest individuals below is the odd one out and why. Do your worst. The deadline is midnight tonight (Wednesday)

15 hours ago | By Malcolm Stacey |

Lost Faith in some of Your Old Favourites? Then Take a Look at this 200-year-old Niche Company

Hello, Share Smugglers. The main staples of your portfolio, I should imagine, are in these popular sectors; oil, banks, pharmaceuticals, utilities and insurance. I could be wrong, but history shows that people who invested in these areas years ago still hold the stock.

2 days ago | By Chris Bailey |

Billiton gets religion...with a little help from its activist hedge fund 'friend'

It was around a year ago that I wrote an article about one of my then tips of the year BHP Billiton (BLT) observing that the world's largest mining company had just made billions of dollars of losses...but correctly the share price was going up. Billiton was a nice solid pick for 2016 but so far this year the share has been more volatile than remunerative.

13 hours ago | By Chris Bailey |

Does WPP stand for 'What Profit Progression'?

Too many years ago to remember as a fledgling analyst and junior portfolio manager, I was told by an old hand that 'WPP is the company with the greatest correlation to the FTSE-100'. I have no idea - nor the boring Excel skills - to say whether this is true but the notion that the world's largest advertising company should broadly share the same ups and downs as the very international main UK market index makes quite a bit of sense.

12 hours ago | By HotStockRockets |

Wishbone – Yorkville fund raise, at up to and including 0.8p BUY

Wishbone Gold (WSBN) has announced an £800,000 fund raise at 0.7p. Well we wish it was that simple. The mechanism is really very complicated but involves Yorkville so we imagine that there are people out there saying Death Spiral. They are wrong.