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Petropavlovsk – board structure update amidst attempted coup
Petropavlovsk (POG) has updated on the attempted boardroom coup – including on its process to appoint an independent Non-Executive Chairman, a further independent Non-Executive director and opposition to the requisitioning shareholder nominees.
- By Tom Winnifrith & Steve Moore |
- 17 May 2017, 02:37 |
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Labour's Maths does not add up - Darren Atwater, Paul Mason and all the other London elitists are innumerate
Our in-house remoaning, money tree-worshipping, metropolitan elitist, Darren Atwater has posted an article suggesting that Labour's manifesto maths adds up. Maybe Diane Abbott and Darren think so, but no-one else will be fooled.
- By Tom Winnifrith |
- 17 May 2017, 01:44 |
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Advanced Oncotherapy – yet another director ponies up, EGM seemingly avoided and Bracknor converts. Most bizarre
Well this is most bizarre! Lobster-potted Bracknor has converted another lump of its death-spiral loan notes. That, of course, is not a great surprise until you study the detail of yesterday morning’s announcement from AIM-listed Advanced Oncotherapy (AVO), where we discover that the conversion shares have been issued not at the lowest daily volume-weighted average price of the past 15 days (21.35p) as per previously announced conversion terms, but at 25p (par price of the shares). Why has Bracknor elected to pay a 17% premium?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 17 May 2017, 01:33 |
Winner of the caption contest: Quindell's Rob Terry's Quob Park Estate meeting in Monaco
This photo was originally tweeted by Quob Park Estate with a boring caption. Thankfully, ShareProphets readers were up to the task of improving it.
- By Pizza Hardman Darren Atwater |
- 17 May 2017, 01:33 |
Labour's manifesto doesn't just make sense, it adds up
The Tory-controlled media has been working overtime to convince voters that Labour wants a return to the bad old days of the 70s, with its fox hunts, its universities for the elites, and, wait... that's not right. Oh yes, the Tory-controlled media says that the Labour manifesto is a pinko-commie cloud-cookoo land fiscal LSD dream. It turns out that it is not.
- By Darren Atwater |
- 17 May 2017, 01:32 |
In Touch Company Deserves Your Attention as Profits Rise
Hello Share Shufflers. There is a Geordie company which wages war on switches and buttons. It makes touch sensors. You’ll see this kind of technology everywhere these days, beginning with your mobile phone.
- By Malcolm Stacey |
- 17 May 2017, 01:18 |
Plexus Holdings – another warning as conditions remain “challenging”
A “Trading Update” announcement from Plexus Holdings (POS) includes early that “although Plexus continues to pursue a number of specific opportunities in the North Sea and overseas, where discussions are progressing well, some of these are taking longer than anticipated to conclude” and that “a number of encouraging new contracts are currently being negotiated and are now likely to be concluded early in the next financial year, to June 2018”. Uh oh…
- By Steve Moore |
- 16 May 2017, 07:58 |
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Unless you are an unbending yield muncher… sell Vodafone here
Near the top of the FTSE-100 leaderboard today is the telecoms behemoth Vodafone (VOD), which proudly said earlier today that it had enjoyed a ‘good year, gaining share’. Of course the headline profit numbers were full of the negative impact of a non-cash impairment of €5 billion relating to its Indian business. But don’t worry about this! ‘Organic adjusted EBITDA growth of 4%-8%’ is expected and, with €5 billion of free cash flow and a 2% hike in the dividend, the yield munchers will be bought off. Right here, right now though, I would sell Vodafone shares.
- By Chris Bailey of Financial Orbit |
- 16 May 2017, 03:56 |
RhythmOne – argues “returns to full-year underlying profitability”, but it’s again net cash burn…
RhythmOne (RTHM) has announced results for its year ended 31st March 2017, emphasising “Returns to Full-Year Underlying Profitability led by 28% Growth of ‘Core’ Revenues”. The Income Statement though shows a significant loss and the shares have responded more than 6% lower to 45.5p. Hmmm…
- By Steve Moore |
- 16 May 2017, 03:31 |
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Caption this photo of Quindell fraudster Rob Terry's Quob Park Estate meeting in Monaco
The original caption on this photo tweeted by Quob Park Estate says "Great team dinner in Monaco, prior to TM Forum LIVE, looking forward to meeting with key clients while here". Surely this can be improved. The deadline is midnight tonight. Mr Terry is second from the left next to his charming other half.
- By Pizza Hardman Darren Atwater |
- 16 May 2017, 03:30 |
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The Sheer scale of value destruction of that (failing) UK Oil & Gas Placing - who should be fired?
As we forced it to admit on May 9th, UK Oil & Gas (UKOG), the Horse Hill explorer run by pompous little prig Steve Sanderson is trying to raise c £6 million. The shares before that scoop were 1.2p mid. But having raisred to get the issue away at 1p, hapless broker to frauds like Quindell, Lagos Securities is now struggling to get it away at 0.8p as we revealed last night. Just to put the value destruction in perspective...
- By Tom Winnifrith |
- 16 May 2017, 01:27 |
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You have to be barking mad to own 16% of MySquar - its official
AIM listed MySquar (MYSQ) is a total rum and coke of a company. It is hard to believe a word it says. The bear community is convinced it will be a zero. But the shares have been ramped to high heaven and helped by a chap called Josh Adams buying a 16% stake through his Imperium vehicle. Josh Adams ...the name rings a bell. Oh that nutter!
- By Tom Winnifrith |
- 16 May 2017, 01:27 |
Disappointing updates from Lonmin suggest further weakness to come
Lonmin (LMI) is a company that I have followed closely for several years, but after the latest updates this week, and with platinum still looking weak, I wouldn’t be in any rush to buy.
- By Gary Newman |
- 16 May 2017, 01:27 |
Will Next Market Crash Be Like 2008 Or 1973? History Predicts An Amazing Run In Gold & Gold Stocks
Gold bugs will need no convincing. Gold bears will say yadda, yadda, yadda. But for those on the fence this research note from Palisade is worth a read. Beware of the risks of having no gold exposure in your portfolio.
- By ShareProphets |
- 16 May 2017, 01:27 |
Winner of the General Election Caption Contest - Jeremy Corbyn unveils his new battle bus edition
There can be no winners with this edition of the Caption Contest, as the entries show. Only the least horrible.
- By Darren Atwater |
- 16 May 2017, 01:25 |
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Retail-aggedon: where the US leads the UK will follow - superb Peter Schiff podcast
Libertarian gold bug Peter Schiff is a big hero of Tom Winnifrith. He called the 2008 crash and he has also made some duff calls. But what he says about US retail in his latest podcast is fascinating. What happens in the US will wash over to the UK in due course. This is terrifying stuff to listen to.
- By ShareProphets |
- 16 May 2017, 01:22 |
This House Ain't Made of Straw, Like so Many Companies, but Bricks
Hello Share Trudgers. There’s been talk of a collapse in property prices on this august website. As I’ve often posited, I consider this too dire a view of the bricks and mortar game.
- By Malcolm Stacey |
- 16 May 2017, 01:19 |
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Breaking: UK Oil & Gas slashes £6 million placing price to 0.8p - Source
Even in the Snakefields of Greece I keep on breaking news! On 9th May I revealed that UK Oil & Gas (UKOG) was endeavouring to raise £6 million at 1p - with the shares then trading at 1.2p bid. That forced an angry admission from the company that it was all true. Another scalp and fine piece of investigative journalism saw the shares then tumble to 1p. For long suffering holders and believers in Horse Hill, I have more bad news.
- By Tom Winnifrith |
- 15 May 2017, 07:25 |
21st Century Technology – “Contract Win” & “Directorate Change” announcements, but what about the financial position?
I previously commented on 21st Century Technology (C21) “having admitted ‘liquidity issues’, it’s expensive debt ahoy (it hopes!)”. The company has today made “Contract Win” and “Directorate Change” announcements…
- By Steve Moore |
- 15 May 2017, 07:25 |
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Kin Group – bailout funding reviewed (with help from Nicole Scherzinger)
Having previously suggested future ramparoonies for the company to place into somewhat more limited, Kin Group (KIN, the former Fitbug) “is pleased to announce that it has… agreed to issue convertible unsecured loan notes with a term of three years, to raise up to £1.125 million (before expenses), to Belastock Capital L.P., an overseas based institutional investor”. Hmmm…
- By Steve Moore |
- 15 May 2017, 04:12 |