Breaking
By Malcolm Stacey
When the Footsie pushes against an old ceiling or breaks through to record heights, even optimists doubt this happy state will last more than another day or two. It hardly ever does. It is soon realised that equities have become oversold and the rot sets in.
By Ben Turney
Private investors on AIM are used to watching millions wiped off the value of their investments by the illegal forward selling of placements, followed by gratuitous discounts forced by brokers. Not content with the scale of their illegitimate profits, it now looks like the market abusers have struck upon a new method of stealing from shareholders. It’s come to our attention that certain bucket shops are demanding a sizeable percentage of brokers’ fees for participation in placements. Sadly, we have been made aware of at least one broker, which is playing along with this outrage. This helps explain the mystery of the increasing number of stocks we’ve watched trade below placement prices, immediately after the completion of fundraisings. Even by the abysmal standards of AIM’s cesspit, this revelation is a new low.
By Tom Winnifrith
As the QPPSAG gathers for an emergency meeting this weekend to discuss whether shares in Quenron (QPP) will hit £3 by Christmas or make it to £5, we have managed to get a picture of group leader Steamy and one of his loyal followers on the way to the summit. we ask you to suggest a suitable caption by midnight on Sunday.
By Lucian Miers
Would you pay Warren Buffett one pound to manage 5 pence of your money? No? I didn’t think so. Would you pay anyone a quid to manage 5p of your cash (that’s right you break even after he or she has twenty bagged the investment) No? I think we can agree that you would be crazy to do so. No argument there.
By Tom Winnifrith
There are numerous reasons why the fraud that is Quenron should be booted off the AIM Casino altogether but recent developments would force a responsible regulator and a Nomad who gave a dam ( so maybe that does not apply to Cenkos) to suspend the shares first thing on Monday.
By Mark Howitt
Lloyds Banking Group (LLOY) has been quite a volatile stock lately, but its shares enjoyed a slight Friday rise to 76.74p. Although these reports are not confirmed yet, mainstream news channels have been reporting that they Lloyds aims to cut 9,000 jobs, approximately a tenth of its staff.
By Tom Winnifrith, The Sheriff of AIM
The Quenron (QPP) shareholder register as at 30th June has thrown up another couple of stinking fish carcasses. They concern Himex.
By Steve Moore
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the 20 highest net short positions and the changes (green if short reduced, red if increased) since a previous analysis HERE.
By Nigel Somerville, The Deputy Sheriff of AIM
Over the past months we have seen an astonishing array of articles clearly demonstrating that company directors, Nomads, Brokers, Auditors – just about every profession involved in running AIM-listed companies – have broken rules or been negligent in performing their duties. Tom’s ongoing exposee on Quindell (plc), Daniel Stewart (broker and Nomad), KPMG (auditor to QPP) are recent examples. Ben Turney’s revelations about New World Oil and Gas show the most extraordinary behaviour by its management and by its Nomad – and now Broker – Beaumont Cornish. I’ve been a right old bore about Digital Learning Markerplace plc from 2012 which has posed questions about its management, Broker, Nomad and Auditor. There are more. Many, many more.
By Steve Moore
Since I last commented on IT security and risk management specialist Accumuli plc (ACM) it has updated that it is “continuing to trade in line with management expectations”, with a “strong” second quarter of the financial year “in terms of order intake with a number of notable wins”. What does this mean in terms of current value in the shares?
By Malcolm Stacey
Hello Share Rattlers. Look around for nice niche companies. What are they? The clue is in the word. A niche is a small inset into a wall. The sort of place where you might put a suit of armour in a castle hall.
By Tom Winnifrith
Have I mentioned Quindell (QPP) yet today? You want more? Okay it gets a mention in the podcast as does Forte Energy and the whole issue of death spirals. The Horse Hill stocks are all mentioned as is Omega Diagnostics, the nature of bear markets and the importance of earnings visibility.
By Tom Winnifrith, The Sheriff of AIM
The Bulletin Board Morons insist that the calamitous share price decline at Quindell (QPP) is down to wicked shorters, me, the CIA etc. and point to the purchases of stock by the board. But folks you have been conned, let me reveal who has been selling aggressively (to you, you fools) and driving the share price down, it is the Country Club insiders.
By Steve Moore
Promotional products direct marketer, 4imprint (FOUR) has updated on revenue growth “ahead of management expectations” and “underpinning the board's expectation that the group will achieve a good result for the year as a whole”. The following reviews with the shares having currently responded more than 13% higher to 780p.
By ShareProphets
We have just re-released my bestselling book, the 49 Golden Rules of Making Money from Shares. I do not mean I outsell Louise Mensch, just that of my books it has been the biggest winner. Rules 25 deals with director share options, rule 26 with earnings visibility. We have 50 free copies of the book to hand out this month and you can get yours by filling in the form HERE.
By Thierry Laduguie
This week’s rally extended yesterday but today the UK index is down. There is a good chance the rally is over. Sentiment is still bearish after a five-day rally.
By Tom Winnifrith, The Sheriff of AIM
I explained yesterday why Rob Terry of Quenron (QPP) was telling a total lie when saying that his Mobile Doctor’s operation is worth £140 million – as you can see HERE. Certain Bulletin Board Morons have offered Mr 2+2 can = 5 a “Get out of Jail card” on this one but let me explain why they are wrong and why Rob is still lying.
By Ben Turney
At about 3.30pm yesterday, Brokerman Dan revealed his exclusive scoop that Horse Hill was about to yield a commercial oil discovery. This triggered a mini-buying frenzy, which drove the share prices of the listed companies involved in Horse Hill much higher. As the most exposed Horse Hill play, UK Oil & Gas (UKOG) flew from 1.16p, to hit an intraday high of 1.7p, all within the last hour of trading! This morning, as a flurry of RNSs hit the market and the dust settled, it turned out that Dan’s figures were well off the mark. A commercial discovery hasn’t been announced (read the RNSs thoroughly for confirmation of this). Also, the current size of the discovery is “only” a preliminary estimate of 3.1million barrels of oil in place, not 15million to 20million barrels. In the ensuing sharp sell off, UK Oil & Gas is back down to 1.15p. Dan is likely to come in for criticism for his reporting of this event, but this is misguided. Here’s why.
By Tom Winnifrith, The Sheriff of AIM
All frauds eventually run out of other people's money and so it will be with Quenron (QPP). For it is a fraud as I explained in full detail in this video. So when will Quindell go tits up?
By Robert Sutherland Smith
The Tesco (TSCO interim results have proved to be such a large dog’s breakfast of awfulness, that it is hard to know where to begin in attempting to describe and understand the situation.
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