premium content
Roger Lawson wants taxpayer cash to subsidise ShareSoc - No Way!
The chaps at ShareSoc led by Roger Lawson have written to the Business, Innovation and Skills Committee inquiry on corporate governance with a number of suggestions on cleaning up AIM. First up, send large amounts of taxpayers cash to Lawson and his pals. You could not make this stuff up.
- By Tom Winnifrith, The Sheriff of AIM |
- 25 October 2016, 04:19 |
Servision - When Insolvency looms, accidents can happen
In the greater scheme of things this is a trivial matter. Having been exposed for revenue recognition policies that were so bizarre as to teeter on the verge of fraud, of being shown to have issued pre-placing RNS statements that were er..untrue and now facing looming insolvency, Servision (SEV) is in deep trouble. So maybe I should be charitable?
- By Tom Winnifrith |
- 25 October 2016, 03:50 |
premium content
Zac "the Knife" Phillips accuses Pantheon Resources of over-egging the pudding - damning note
I have long held the view that Pantheon Resources (PANR) over-egged the pudding with regard to its US asset base in order to get away its major equity issue of March. It seems that I am not alone and the City's top oil analyst Zac "the knife" Phillips agrees and has gone on the attack in a very hostile note out this morning. I would not touch this stock with a bargepole pro tem but over to the king for his attack...
- By Tom Winnifrith, The Sheriff of AIM |
- 25 October 2016, 03:41 |
GB Group – trading update reaction highlights risk of high valuations
Having previously concluded on identity data intelligence technology group GB (GBG) in 2014 that, although the growth potential looked to justify a relatively high valuation and the shares were down from in excess of 160p, they’d need to trail significantly further before I’d consider the risk/reward of the prevailing valuation favourable, the shares reached almost 350p last month. However, the following updates with they currently sub 250p…
- By Steve Moore |
- 25 October 2016, 01:25 |
Looking for a Possible Promising Long-Termer? Try Detecting the RAT
Hello Share Terriers. Those of you who are true fans of Sherlock Holmes will agree with me that Basil Rathbone was the very best actor to play the role, even if he made his series of great films in the ‘forties. Today’s firm for your delectation is nothing to do with that marvellous thespian except that it bears the same name. Rathbone Brothers (RAT) may not or may not be a name overly familiar to you, but it represents an investment and wealth manager with a consistent record.
- By Malcolm Stacey |
- 25 October 2016, 01:23 |
New World Oil and Gas: Nomad walks, execution scheduled for 10 Nov
In a corporate update released at 4.03pm this afternoon, AIM-listed (pro tem) New World Oil and Gas has announced the bad news that its Nomad, the disgraced Roland “Fatty” Cornish at Beaumont Cornish is to walk as at the close of play today. It also announced that its scheduled AIM execution under AIM Rule 41 is on 10 Nov, not 9 Nov as previously advised. One last hurrah for checking and verifying RNS announcements for the now ex-Nomad to the company. How fitting.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 24 October 2016, 07:10 |
Eckoh – announces US contract wins, but how material?
Eckoh (ECK) “is pleased to announce that it has recently secured three significant contracts in the US worth over $2.5m in total over the next three years… Our trading performance at the end of the first half of the year has been strong and we remain confident that the revised market expectations for this financial year will be achieved”. Revised market expectations? Oh yeah…
- By Steve Moore |
- 24 October 2016, 07:05 |
Bond International Software – further developments in bid battle…
Previously writing on Bond International Software (BDI) on the back of an improved recommended offer from US private equity group Symphony Technology, I concluded that, with prior recommended offeror Constellation Software still to respond, it looked worth continuing to hold. Constellation then responded with a “Final Increased Cash Offer” and Symphony has now responded with further improved terms…
- By Steve Moore |
- 24 October 2016, 04:49 |
premium content
Charlatan stock Cloudtag remains a compelling short
It wasa mixed week for the leading charlatan stocks on AIM. Shares in Cloudtag (CTAG) have come off the boil on an absence of news but there is worse to come for the bulls. These shares are set to collapse.
- By Lucian Miers |
- 24 October 2016, 04:22 |
premium content
SP Angel’s Zac “the knife” Phillips plunges the blade into Frontera Resources (again…)
Another ramptastic RNS this morning from AIM-listed Frontera Resources (FRR) saw the shares race up to 0.135p at the peak but the shares have been sliding ever since, and are now just 0.095p last seen. Surely there isn’t a placing on the way, is there? Broker S P Angel in the form of the City's No 1 oil analyst Zac “the knife” Phillips was not so impressed. It could be good news, or it could just be a pre-placing ramp. But first there is the small matter of funding…..
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 24 October 2016, 04:21 |
premium content
Tom Winnifrith Bearcast - I am and insider and so fecking angry
I have just been made an insider and so cannot tell you why I am so fecking angry but I am spitting nails. I am also furious with a loathsome slug called Antony Browne who spins for the British Bankers Association, lies about Brexit and should be strung up with piano wire. Then it is onto Cobham (COB), Andes Energia (AEN), Tertiary Minerals (TYM), Sunrise Resources (SRES), Avocet Mining (BASTARDS) and the wider issue of the rape of Africa by the 1% of the West and of Africa and how it screws BOTH the 99% in Africa and the 99% here as well.
- By Tom Winnifrith |
- 24 October 2016, 04:20 |
History will judge the world’s current major central banks very badly
History will judge the world’s current major central banks very badly and not only for their responsibility in setting the stage for the next global economic and financial crisis. These very same central banks will also be demonised for the social tensions that they have created between the haves and have nots and the subsequent rise in extreme politics. Since the Great Global Economic Recession in 2008-2009, highly unorthodox and untried and untested monetary policies have been pursued by the world’s major central banks in an effort to promote economic recovery.
- By David Scott |
- 24 October 2016, 03:19 |
premium content
Ex Workers at Avocet Mining seize 1,400 oz of gold - Avocet gives capitalism a bad name
It is the sort of incident that would have Sir Benjamin Dover fulminating about how you can't trust the natives out in Bongo Bongo land. Workers, who Avocet Mining (AVM) fired in December 2014, have seized 1,400 oz of gold which had been produced at the Inata mine. The incident says a lot about the way Western miners rape and pillage across Africa. I'm with the workers even as Avocet shares crash on worries that it may have a funding issue and that it clearly has breached Stock Exchange rules.
- By Tom Winnifrith |
- 24 October 2016, 03:08 |
Ortac and Premier African: Is something brewing in the DRC?
It’s interesting to note recent developments by AIM listed miners, Ortac Resources (OTC) and Premier African Minerals (PREM), where both have taken a shine to CASA Mining Ltd a private Mauritian registered company, led by the veteran geologist Michael Foster.
- By Andre Brand |
- 24 October 2016, 02:45 |
1Spatial Interims - disappointing but now more than discounted
Geospatial and cloud services company 1Spatial (SPA) has announced self-admitted "disappointing"results for its half-year to 31stJuly 2016, though that “management believes the group is still on track to meet full year expectations which is an overall increase on the prior year revenues and adjusted EBITDA”.
- By Tom Winnifrith & Steve Moore |
- 24 October 2016, 02:20 |
premium content
Xtract Resources - moves to the worst Nomad in London: It gets worse...
There are two statements out today from Xtract Resources (XTR) and neither can be viewed in any way as good news. We own these shares thanks to Dragons Den choices by Steve Moore & Gary Newman at UK Investor 2016, and today's admissions prompt me to start filling in P45s for both those writers.
- By Tom Winnifrith, The Sheriff of AIM |
- 24 October 2016, 02:04 |
premium content
AIM Below 1000 Companies and at 12 year low - part 2
On Saturday we revealed shocking official data showing that AIM is now below 1000 companies (we make it 998) and at a 12 year low. It gets worse as a drill down on the 1000 stocks listed at September 30 2016 shows much worse.
- By Tom Winnifrith, The Sheriff of AIM |
- 24 October 2016, 01:21 |
ASOS's Galloping Success Is Astounding - But Can It Last?
Hello Share Bashers. Uncle Tom recently run an interesting compilation of tips from writers on this monumental website. He invited us to think of companies which might emulate the astounding success of shares in ASOS (ASC), the big on-line fashion outlet.
- By Malcolm Stacey |
- 24 October 2016, 01:15 |
Precious Metals Video Update: A Low in Gold & Gold Stocks…?
A look at Gold and gold stocks and their trajectory going forward after completing what appears to be a short-term low. The latest podcast from Jordan Roy-Byrne at Palisade Capital.
- By Tom Winnifrith |
- 23 October 2016, 07:02 |
premium content
Dragon's Den Star Piers Linney sends £21 million of other folks cash to Money Heaven
The PC Gauleiters at the BBC could not get enough of Dragon's Den star Piers Linney: black, working class, Northern, worth £100 million. Ab fab. All he needed to do was come out of the closet and chop his leg off and he would have been the perfect Royal Flush. The only thing was that his CV was not er...true. And documents filed by administrators to formerly AIM listed Outsourcery (OUT) show just what a Walter Mitty figure Piers was. Or maybe it was just BBC lies all along. Pravda does have form after all.
- By Tom Winnifrith |
- 23 October 2016, 05:54 |