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Audioboom growth rate is too slow and cash burn too high
Often it can be hard to value companies in the media sector, and at times quite a lot of future revenue potential is being factored into the current share price and the rate of growth plays a big part in that.
- By Gary Newman |
- 29 August 2016, 08:47 |
Earnings Preview – Buy Hays to keep enjoying the global jobs boom
While real earnings growth might be poor in the UK and many other parts of the world, there is still a great deal of jobs activity taking place. Investing in recruiters is the most perfect way to exploit this, and recruiters don’t get much bigger than Hays (HAS)!
- By Graham Neary |
- 29 August 2016, 08:17 |
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Tom Winnifrith Bearcast: Acid tests for AIM Regulation and the FCA: Cloudtag and African Potash
The message to my daughter on why I'm rooting for Donald Trump really is now live now and can be found HERE. Meanwhile, over the past week we have demonstrated clearly that there is an almighty stink about both Cloudtag (CTAG) - HERE - and also African Potash (AFPO) - HERE. I have presented the evidence to the FCA and AIM regulation, I explain why this is now an acid test for the credibility of the casino and who exactly is in the firing line.
- By Tom Winnifrith, The Sheriff of AIM |
- 29 August 2016, 07:57 |
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An Open Letter to the FCA & AIM Regulation - more fraud from African Potash, please widen investigation
I have already requested that the FCA and AIM Regulation investigate the deliberate way that investors were misled by African Potash PLC (AFPO) ahead of the January 12 2016 bailout placing with an RNS on December 1 2015 as you can see here. Now evidence is emerging of an even bigger deception in an RNS on January 6 2016 just six days before a bailout placing. I have thus written to both the FCA and AIM Regulation asking both to widen their investigation into both Potash and also Nomad Cantor Fitzgerald and its lead QE, Mr Stewart Dickson. This is a clear case of Securities fraud.
- By Tom Winnifrith, The Sheriff of AIM |
- 29 August 2016, 07:33 |
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CloudTag & the lies about that $5.2m order - Second Chance accounts say it all
Yesterday I pointed out that the RNS relating to the supposed $5.2 million order that AIM listed fraud Cloudtag (CTAG) had secured from UK distributor had, within months been shown to be a lie - as you can see HERE the guaranteed quarterly order just had not occurred. Now let's move on to whether Second Chance has any chance of fulfilling the "guaranteed" $5.2 million order for calendar 2016. Let's go to Companies House.
- By Tom Winnifrith, The Sheriff of AIM |
- 29 August 2016, 07:33 |
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Trebles all round for the Bulletin Board Morons who just love backing frauds
The poster was explaining to the many ignorant people who did not have the wit to understand Premier Cru's business model that what the ignorant thought was a fraud, was merely a savvy and sui generis business model.
- By Darren Atwater |
- 29 August 2016, 05:07 |
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African Potash - now lets look at the lies in the RNS 6 days before the bailout placing in January
I have already shown quite conclusively that African Potash (AFPO) misled investors in a material way with an RNS of December 1 2015 as you can see HERE. That should be enough to see the authorities slam both Potash and Stewart Dickson et al at Nomad Cantor Fitzgerald. But it gets worse. I now accuse Potash of lying in an RNS on January 6 2016 just 6 days before the bailout placing. It is lie after lie after lie from this company.
- By Tom Winnifrith, The Sheriff of AIM |
- 29 August 2016, 04:24 |
Europe - the Resentment will explode
The IMF is getting nervous, and what it appears to be most concerned about, is a collapse of the status quo. Recently in a speech in Washington, IMF head Christine Lagarde said that "The greatest challenge we face today is the risk of the world turning its back on global cooperation—the cooperation which has served us all well. We know that globalization - and increased integration - over the past generation has yielded many economic benefits for many people."
- By David Scott |
- 29 August 2016, 04:12 |
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I'm getting a feeling of deja vu with Alexander Mining!
The market got rather excited last week about news of a licence agreement for Alexander Mining (AXM), but when you take a closer look it is hard to see why!
- By Gary Newman |
- 29 August 2016, 02:38 |
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Tom Winnifrith Bearcast: An apology to Jo Hart of Midas, Cloudtag to be reported to FCA for lying to or misleading punters 4 days before placing
I start with an apology to Ms Jo Hart of Midas in the Daily Mail who I termed a silly witch who shames our profession last week. She is, in fact, clearly the world's greatest tipster for today she has lavished praise on a stock we own shed loads of- Concepta (CPT). I end with a note that I have put my daughter straight on Donald Trump HERE. The bu;t of the podcast discusses bigger fool investing with reference to Cloudtag (CTAG) and I explain why Cynical Bear was far too kind on the POS company earlier today and why I am reporting Cloudtag and its Nomad Cairn to the regulators for either lying to investors or misleading them in a material way four days before a bailout placing.
- By Tom Winnifrith |
- 28 August 2016, 11:06 |
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Hedge funds say the Pound is sunk…which means it isn’t
I see The Sunday Times has plastered all over the front page of its business section the observation that as ‘Speculators, including hedge funds, racked up short positions on the pound worth $7.8 billion (£5.9 billion) last week — the largest ever’ the British currency is a cast iron certainty to be junked over the next few weeks or months.
- By Chris Bailey of Financial Orbit |
- 28 August 2016, 06:20 |
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Notes from Underground: Reader, I passed the test
In my bid to take encourage slack and take jobs that rightfully belong to hard-working Brits, I was forced to take a 'Life in the UK' test last Monday to measure my knowledge of the patron saints of the constituent countries, the voting system used in Wales, and which Roman emperor built a wall in a vain attempt to keep ancient Scots from glassing ancient northerners.
- By Pizza Hard Man Darren Atwater |
- 28 August 2016, 05:29 |
Charge Into the First Half of This Gold Bull Market
It’s definitely not too late to get into the precious metals bull market - that is the claim made in this week's Palisade Capital podcast, by Matt Geiger. Even though the gains at the beginning of this cycle have been extreme, we still have a long way to go. These next 16-18 months should be exciting! Matt argues says that typically the real money will be made in the first half of the cycle. He recommends being aggressive in investments up to mid 2018- after that it’s likely to be less lucrative.
- By Tom Winnifrith |
- 28 August 2016, 05:23 |
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Nick Davis of Memery Crystal must resign from AIM Advisory Group NOW over African Potash scandal
Nick Davis is the CEO of City law firm Memery Crystal but also sits on the board of the prestigious AIM Advisory Group. That has to end now as his role in the African Potash (AFPO) fraud comes to light. I warn African Potash that my man in London is set to supply more documents relating to yet another deal where it grossly misled investors ahead of a placing. There is worse to come and more for the SFO, FCA, FRC and AIM Regulation to get their teeth into. Now back to Davis.
- By Tom Winnifrith, The Sheriff of AIM |
- 28 August 2016, 05:18 |
Earnings Preview: Is HSS Hire Living on the Edge?
HSS Hire (HSS) is scheduled to release interim results on Wednesday. This bear target of our colleague Lucian Miers has had a solid share price performance so far this year, but can it last?
- By Graham Neary |
- 28 August 2016, 04:05 |
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Vale International Group – A new addition to the Sub-Standard Shockers XI
With my Sub-Standard Shockers XI squad in desperate need of bolstering with a quality addition or two, I was pleased to see the announcement this week of the publication of a prospectus for a new entrant, Vale International Group, joining the Standard Segment of the Official List on 5 September. I was less pleased when I had checked it out!
- By Cynical Bear |
- 28 August 2016, 03:57 |
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The Chairman's Blog 6: Sir Benjamin Dover of Global Mining Endeavours writes in triumph
Following the example set by Paul Warwick the chairman of worthless penny stock Andalas (ADL) in starting a blog, Sir Benjamin Dover of AIM listed Global Mining Endeavours has decided to follow suit and like Paul promises to be Candid in his approach. Blog 6
- By Tom Winnifrith |
- 28 August 2016, 03:49 |
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CloudTag – One follow-up question, Amit, when is the revenue warning coming?
Having also lost 25 minutes of my life listening to the CloudTag (CTAG) interview between its CEO, Amit Ben-Haim, and Justin Waite, I only have one question to add to Tom’s excellent Bearcast on the topic (HERE). When is the share price cratering revenue warning coming?
- By Cynical Bear |
- 28 August 2016, 02:58 |
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There will be a war on Gold
Author Jim Rickards recently did an interview with Sprott in which he opined that there will be a war, by the Central Banksters and big Western Governments on gold. It is fascinating stuff. Over to Sprott:
- By Tom Winnifrith |
- 28 August 2016, 02:52 |
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Tom Winnifrith & George Orwell Bearcast - the tax on the stupid goes into overdrive today
The national Lottery promises the best odds ever says the Daily Mail, a statement that may or may not be true. With a little help from George Orwell writing in 1948, a book called 1984, I examine how the tax on the stupid that is the National Lottery is in overdrive today.
- By Tom Winnifrith |
- 27 August 2016, 10:58 |