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Convicted criminal Aidan Earley threatens Tom Winnifrith and ADVFN as Worthington loses another Court case and really is BUST now.
Oh dear, Oh dear. The end is not only nigh it has arrived for the fraud Worthington (WRN). On 19 December it appealed against the Court Order putting it into liquidation. The case was held at what convicted criminal Aidan must regard as his home from home, the High Court.
- By Tom Winnifrith |
- 28 December 2016, 06:59 |
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The Avanti Coms Annual Report Released at 2.22 - Gem number 2, rewarding greedy CEO David Williams for failure
112 minutes after the stockmarket closed on the Friday before Christmas Avanti Communications (AVN) published a red flag strewn annual report. I have already raised one mighty red flag HERE and more will follow. But now just consider how the bombastic prick of a CEO David Williams was rewarded so handsomely for failure. Shares in Avanti are just 23p today. They were c£8 when Williams sold millions of quid worth of shares as he ramped away after the launch of Hylas 1 back in 2011.
- By Tom Winnifrith, The Sheriff of AIM |
- 28 December 2016, 04:26 |
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Tom Winnifrith Bearcast: I earn £1.50 off my Dad, Bovis is the canary in the coalmine for housepriceageddon
One of yesterday's macro calls from the bearcast HERE is already looking good with today's warning from Bovis (BVS) which I cover in detail. I also look at Avanti Communications (AVN), United Cacao (CHOC), Cloudtag (CTAG), Harvest Minerals (HMI) and at the latest disastrous news about Slater & Gordon (SGH). Happy Christmas Aussie poltroons: wa,wa,wa wa wipeout! The article about the loathsome Guardian I reference is HERE
- By Tom Winnifrith |
- 28 December 2016, 04:06 |
Vela Interims - These admin expenses we like
Tired of AIM boards who take the piss, bigging it up at the expense of shareholders? Yes we are too. So before going any further we note with some pleasure that half year admin expenses at Vela PLC (VELA) were just £62,000. That is good. Well done.
- By HotStockRockets |
- 28 December 2016, 03:48 |
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ShareProphets share tips of the year number 13, sell Cloudtag says Lucian Miers
Lucian is off on a tour of Eastern Euroland but when asked what his top sell tip for 2017 was he was in little doubt - at almost any price the answer is Cloudtag (CTAG) with a target price of nil. Actually Lucian does not see the shares hitting zero. However...
- By Tom Winnifrith |
- 28 December 2016, 02:24 |
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ShareProphets Share Tips of the year Number 12 Steve Moore says sell Tungsten
Recent half-year results from Tungsten Corporation (TUNG) sought to emphasise “statutory loss after tax £4.5 million, a £15.5 million improvement over H1-FY16”. However, not included in this comparison is that the prior period loss included £6.8 million of non-cash impairment and £2.3 million of finance cost foreign exchange losses against, respectively, none and a £5.2 million gain this time around. Capitalised, at a current 53.75p bid price, at approaching £68 million and it looking like there is further prodigious cash burn ahoy, the shares are a sell…
- By Steve Moore |
- 28 December 2016, 01:55 |
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2016 a bearcast year in review: Tom Winnifrith's favourite 10, and your top thirty
When I started bearcasts the plan was not to do them on a daily basis. But that is the way they are now produced. I have the odd day off but I enjoy recording. You cannot generate a typo in a bearcast. Sometimes the language is extreme, sometimes - as when, like now, I am with my father, - I speak like an Angel. The point is I say what I think and for some reason, most weeks, the bearcasts are always among the most read articles on ShareProphets.
- By Tom Winnifrith |
- 28 December 2016, 01:39 |
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Shareprophets Share tips of the year Number 11 - Cynical Bear says sell Challenger Acquisitions
Challenger Acquisitions (CHAL) has a been a common target for me this year and it doesn’t surprise me that its share price has collapsed from 37.5p when I first wrote on the subject back in January to 11.875p today – a drop of 68%. However, I think there’s plenty more to go and would actually be surprised if it still existed by this time next year.
- By Cynical Bear |
- 28 December 2016, 01:37 |
Festive Break 2016: The view from ShareProphets' readers' windows - Frensham, Surrey
Each day until New Year's Day, we a showing a photo taken through the window of a ShareProphets reader. Today's snap is by Brian, out of his bedroom window in Frensham, Surrey.
- By Pizza Hardman Darren Atwater |
- 28 December 2016, 01:33 |
Do You Hold Shares with an American Connection? Watch Out for a Possible Donald Effect.
Hello Share Tremblers. As I hold many shares in British companies which do a lot of business in the USA, perhaps I should be getting cautious. Maybe I should beware the Trump effect in the New Year.
- By Malcolm Stacey |
- 28 December 2016, 01:31 |
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Tom Winnifrith Bearcast: Assisted by my father, 8 predictions for 2017
Once again I am sitting here in Shipston with a live audience of one, my father. So we have his take on George Michael - mine is HERE. My views on Syria are referred to in the podcast and the article I mention is HERE. Then I go onto my 8 macro calls for 2017 covering Europe and the Euro, interest rates, corporate earnings visibility, fraud & bankruptcies, house prices, shares, gold and oil.
- By Tom Winnifrith |
- 27 December 2016, 09:28 |
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Avanti Communications: Gem No 1 from the 2.22 PM Annual Report
Avanti Communications (AVN) finally published its annual report for the year ended June 30 2016 at 2.22 PM on the last Friday before Christmas, 112 minutes after the stockmarket closed. It is packed full of red flags which perhaps explains the publication at no-one is watching O'Clock. So let's start with an admission of what a crap business this is - the metrics on HYLAS 1.
- By Tom Winnifrith, The Sheriff of AIM |
- 27 December 2016, 08:55 |
Reach4Entertainment - breach of banking covenant update - this is good news
Reach (R4E) flagged up in its FY numbers in May that it would probably breach banking covenants. It argued this was a technical matter of no concern but the shares slumped. We urged you to buy then.
- By Tom Winnifrith & Steve Moore |
- 27 December 2016, 04:47 |
How blockchain will revolutionise far more than money
The impact of record-keeping on the course of history cannot be overstated. For example, the act of preserving Judaism and Christianity in written form enabled both to outlive numerous other contemporary religions, which were preserved only orally. William the Conqueror’s Domesday Book, compiled in 1086, and it was still being used to settle land disputes as late as the 1960s. Now there is a new system of digital record-keeping, emerging and it will speed up the de dollarisation of the world, which has serious implications for us all, not just the West. It is called the blockchain and it is not going away and it will change the way the world interacts.
- By David Scott |
- 27 December 2016, 04:35 |
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ShareProphets Share Tips of the year 2017 number 10: Steve Moore says Buy Interquest
Following another profit warning recently, InterQuest (ITQ) has been a disastrous tip for 2016 from myself (though, thankfully, outweighed by my other one, Avesco Group, delivering a more than 180% return). But the current 36p offer price for the shares looks to me much too harsh an appraisal…
- By Steve Moore |
- 27 December 2016, 04:30 |
Kefi trading update - buy
Kefi Minerals (KEFI) has been hit by the weaker gold price , issues in Ethiopia at a macro political level and by suggestions that its major shareholder ( Odey) may have its own issues. However Mr Odey is doing, we've established that he is not a seller of Kefi. If he needs to raise cash he will do so via larger more liquid positions. The other issues were addressed in a trading statement last week.
- By HotStockRockets |
- 26 December 2016, 22:06 |
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ShareProphets Share Tips of the year 2017 Number 9 Gary Newman says Sell Sound Energy
Sound Energy (SOU) has performed better than I expected in 2016 and the share price has held up at higher levels than I anticipated, yet I still think the current market valuation is totally crazy at this stage!
- By Gary Newman |
- 26 December 2016, 21:59 |
Festive Break 2016: The view from ShareProphets' readers' windows - Portugal
Each day until New Year's Day, we a showing a photo taken through the window of a ShareProphets reader. Today's snap is by Howard, with "the view out of my patio window in Portugal looking at my real Xmas tree that's out there ... planted 5 years ago when my son was 7..."
- By Pizza Hardman Darren Atwater |
- 26 December 2016, 21:56 |
Bulletin Board Moron of the week result - a clear winner
There could only be one winner this week although there were some cracking entries as you can see here. But congratulations to Goggles for this winner found, natch, on the LSE Asylum Cloudtag thread:
- By Tom Winnifrith |
- 26 December 2016, 08:25 |
Precious Metals Video Update: Rally Coming Now or at Lower Price?
The precious metals sector, specifically Gold and gold stocks have been oversold for a while. They recently broke lower and have made a small bounce the past few days. They may have to drop further before a sustained rebound takes place. Jordan Roy Byrne also analyzes the US$ and how its strength could eventually help Gold bottom in the latest video from Palisade Capital.
- By Tom Winnifrith |
- 26 December 2016, 08:23 |