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Etaireia Investments – More dodgy dealings from Baron Bloom and Oli Fattal
Following on from my earlier piece HERE celebrating the fact that Oli Fattal was back in the property game, putting his torrid time at Teathers Financial behind him, Etaireia Investments (ETIP), has announced yet another cosy connected deal between Etaireia, Baron Bloom and Oli Fattal……although clearly not everyone’s happy about it!
- By Cynical Bear |
- 17 August 2016, 03:07 |
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Xtract Resources – More disappointment and delay: is it time for Jan to walk?
Not a great surprise for any seasoned observer but yet another disappointing RNS from Xtract Resources (XTR) this morning. Surely it is time now for Jan Nelson to hang up his mining helmet and head off into the sunset….well, to a new role at MTI anyway.
- By Cynical Bear |
- 17 August 2016, 02:04 |
Sprott: Does the Current Gold Price Justify the Big Gains in Gold Stocks?
Boy am I kicking myself for not buying a few more gold shares a few months ago. But is it too late. That is the question asked by the world's best known mining investor, Sprott.
- By Tom Winnifrith |
- 17 August 2016, 01:46 |
14 new Investment ideas in July's UK Investor magazine - get your free copy now
From Gary Newman, Nigel Somerville, Steve Moore and myself there are 14 new investment ideas in the July UK Investor Magazine which is out now. I discuss the spirit of insurgency which caused Brexit and which is powering Donald Trump to the White House and its long term implications as well as the Global Recession which will hit the UK soon and it is nothing to do with Brexit! That and much more is free to read now just click on the link below.
- By Tom Winnifrith |
- 17 August 2016, 01:19 |
Castings – AGM Statement, is profit about to take a further hit? …
Automotive and commercial vehicle-focused iron casting and machining company, Castings (CGS) has updated that “our plan to fill the profit gap created by the ending of a major machining contract remains on course with improvements still expected from 2017/18”, though now also that “we have seen a softening in demand from our main customers since the statement in the Chairman's report in June”. Hmmm...
- By Steve Moore |
- 17 August 2016, 01:05 |
Earthport – “is pleased to provide” a trading statement for a year of “challenges” & a “material… fraud incident”. Hmmm…
A leading burner of cash (Oops, sorry, “leading payment network for cross-border payments”), Earthport (EPO) “is pleased to provide an unaudited trading update for the fiscal year ended 30 June 2016”. Hmmm…
- By Steve Moore |
- 17 August 2016, 01:03 |
As Brent Crude Rallies, It Could Be Time to Grease Your Portfolio with More Oilers
Hello Share Swiggers. If you have shares in producing oil firms you might want to consider hanging onto them. And if you have spare cash you might research a few likely companies with a view to a bit more investment. The reason is that the price of Brent crude oil is going up again. It is tickling $50 a barrel as I write. It was there a few months ago when the price level caused some excitement. Quite a few oil companies nudged up on the news, including Shell (RDSA) and BP (BP.).
- By Malcolm Stacey |
- 17 August 2016, 01:00 |
H&T’s Interim Results show timely expansion, profits up 42% - Buy!
I’ve argued previously that H&T (HAT) was a great way to buy into a classic financial business with sound management and the added bonus of a positive gold price correlation. This morning, the company announced interim results which will see me continuing to hold on to my position.
- By Graham Neary |
- 16 August 2016, 07:55 |
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Tom Winnifrith Bearcast: come on Dad it is not a hard sum!
These old folks they need mental exercise. Crosswords, jigsaws, Soduku, easy questions from their son. But my father fails on the how many days till Glenwick (GWIK) is suspended question. He says his mind is on higher things. Meanwhile I am still traumatised from being seen buying a copy of the Guardian for him. I look at Red Rock Resources (RRR), Glenwick, Leed Resources (LDP), Aquatic Foods (AFG) and China frauds, BoxHill (BOX) and naughty Lord Razzall - how is the bailout placing going your lordship? And I commend the recent work of Daniel Levi (Brokerman Dan) on Mkango Resources (MKA) where the old rogue is bang on the money. Mkango is truly worthless.
- By Tom Winnifrith |
- 16 August 2016, 07:21 |
Red Rock Resources – cash inflows update & company chat...
Following interim results in March noting an “objective of moving towards cash breakeven and then cash generation within this year”, Red Rock Resources (RRR) has today updated on cash inflows and I’ve spoken with the company...
- By Steve Moore |
- 16 August 2016, 07:00 |
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Filthy 40 China fraud Aquatic Foods: “Technical administrative delay” sees dividend postponed.
Oh dear, oh dear. This does not look good. ShareProphets AIM-China Filthy Forty China fraud Aquatic Foods Group (AFG) has announced that it hasn’t paid its full-year dividend of 0.7p per share due to a “technical administrative delay”. Is that because there isn’t any cash?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 16 August 2016, 06:16 |
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BHP Billiton: make billions in losses… and the shares correctly go up
You cannot complain when one of your tips of the year has put on over 35% in the last eight-and-a-bit months, but it would be fair to say a month or two into the year even I wondered what I had let myself in for with BHP Billiton (BLT).
- By Chris Bailey of Financial Orbit |
- 16 August 2016, 06:00 |
Rockrose Energy – interims add to pressure for inclusion in Cynical Bear’s Sub-Standard XI
(Sub-) standard-listed Rockrose Energy (RRE) has posted half-year numbers to June 2016 which show a loss of £303,344. The company came to market on 13 Jan with a business strategy of targeting acquisitions to deliver shareholder value – in other words it is (pro tem) an investing company with much to commend its inclusion in Cynical Bear’s Sub-Standard XI. Since listing it has yet to announce a deal and having raised £4.4 million (before expenses) it finished the period with net assets of £3.9 million, and just £3.1 million of cash.
- By Nigel Somerville |
- 16 August 2016, 05:02 |
Cloudbuy Interims: more future Hartleys but will the cash last long enough?
Following on from the release of its FY15 numbers two days ahead of the reporting deadline, AIM-listed e-commerce technology operator Cloudbuy has put out its interims to June in rather more expeditious fashion. Having previously noted the jam-tomorrow qualities to be had, is there any sign of the lorry-load of conserve on the horizon?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 16 August 2016, 03:00 |
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Lord Razzall of Boxhill you are boring me - what are you hiding now you worm?
Lord Timmy Razzall still has not answered the ten questions from Cynical Bear that a man of honour rather than a money grabbing piece of shite would have answered - his silence tells you everything. Instead he has again produced a trading statement from Boxhill Technologies (BOX) which omits all the key data - Lord Razzall luvvie, what are you hiding?
- By Tom Winnifrith, The Sheriff of AIM |
- 16 August 2016, 01:01 |
Ten Alps – restructuring of London publishing business fails, is to be closed down…
Having slumped from 2p following a profit warning in May, shares in Ten Alps (TAL) are currently recovering slightly on the back of a “Closure of Ten Alps Media Limited” announcement...
- By Steve Moore |
- 16 August 2016, 01:00 |
Is it time to think about banking a healthy profit on Centamin?
Centamin (CEY) has proved a great example that it is possible to buy shares based on them being fundamentally too cheap, and then hold until the company recovers and you can reap the rewards.
- By Gary Newman |
- 16 August 2016, 01:00 |
Galasys – yet another corporate departure: what of corporate governance?
Oh dear, just when things were going so well for AIM-listed Galasys (GLS)! Here we have a boardroom at war with itself, the provider of company secretarial services and registered office resigning (date now extended to this Friday) and joke accounts. Now, having seen its token Westerner walk from the board as independent NED last December, Mr Vincent Lai Tuck Yuen was announced to have stepped down as NED on Friday last week, effective immediately – apparently “due to personal reasons”.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 16 August 2016, 00:59 |
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Wishbone: belated AGM statement - much better late than never
Why on earth it took Wishbone Gold (WSBN), the owner of the Black Sand gold trading business, two working days with a weekend in between to release an AGM statement is beyond me. Amid the uncertainty that caused we loyal shareholders suffered as the shares slid. But better late than never we had an RNS yesterday and it was good news indeed.
- By Tom Winnifrith |
- 16 August 2016, 00:58 |
Travis Perkins Could Build Fast After its Big Brexit Bash
Hello Share Tillers. There can be little doubt now that the Footsie will burst through the all-important 7,000 mark this week. But we still have the problem of what shares to pick, even in a tangible bull market like this. I almost said a 'healthy' bull market, but we all have to be cautious in these uncertain days.
- By Malcolm Stacey |
- 16 August 2016, 00:58 |