DX Group – 9:14am “Trading Update and Board Change”. Hmmm…
Parcels, mail and logistics group DX (DX.) has announced a strangely timed (9:14am) “trading update for the year ended 30 June 2016, including its proposed new central hub and contract with Her Majesty's Passport Office. In addition, it reports a change to its board of directors”. Hmmm…
- By Steve Moore |
- 14 July 2016, 07:31 |
premium content
Fast Forward: strategic update = shameless pre placing ramp
How on earth did hapless Nomad Peel Hunt sign off on what Jim Mellon's FastForward Innovations (FFWD) terms a "strategic update" but is in fact nothing more than a shameless pre placing ramp.? My comments are in bold. FastForward's are not.
- By Tom Winnifrith |
- 14 July 2016, 07:22 |
premium content
Jubilee Platinum Confident update and chat with Colin Bird
Jubilee Platinum (JLP) has updated investors on the performance of its subsidiary, Jubilee Tailings Treatment Company Pty Ltd in the three-months' ended 30 June 2016, of its chrome recovery section of the Dilokong Chrome mine tailings project and a progress update on the Hernic PGM-bearing chrome tailings project. After this Tom Winnifrith had a good chat with the chairman Colin Bird.
- By HotStockRockets |
- 14 July 2016, 06:49 |
premium content
Digital Globe Services – CEO reckons “pleased with the overall growth of the business”, but for investors it’s over to Beyoncé & Jay-Z…
Provider of customer, lead, and inquiry acquisition and digital media services, Digital Globe (DGS) commences a “Trading Update” noting that it “expects to deliver revenue for the year of approximately $48.0m (FY15: $40.3m), marginally ahead of market expectations”. Good, good … “gross margins experienced compression in the second half of the year due primarily to increased marketing spend”. Uh oh…
- By Steve Moore |
- 14 July 2016, 04:10 |
premium content
Tom Winnifrith Bearcast: Insulting Froggies on Bastille Day and Morons on Gulf Keystone day
It is of course Bastille Day and that, of course, prompts a few jokes at the expense of the Froggies. I then move into Gulf Keystone (GKP) and a spot of moron baiting and working out moron investing game theory. I then move to a detailed look at Digital Globe (DGS) before covering en passant XCite (XEL), LGO Energy (LGO), Trinity (TRIN), Circle Oil (COP), Premier Oil (PMO), IGAS (IGAS) and Nostra Terra (NTOG). I also comment on Glenwick (GWIK), 88 Energy (88E), Strat Aero (AERO) and Inspirit Energy (INSP)
- By Tom Winnifrith |
- 14 July 2016, 03:51 |
premium content
Trinity in takeover talks, SP Angel fingers runners & riders including LGO, shareholders will be screwed come what may
Trinity Exploration (TRIN) has confirmed that it has had bid approaches and analyst Zac Phillips at SP Angel, the City's most feared oil guru, has suggested who may be at the table. But shareholders shouldn't get too excited as they will get screwed whatever happens.
- By Tom Winnifrith, The Sheriff of AIM |
- 14 July 2016, 03:10 |
premium content
Cloudtag Placing (quelle surprise) so when's the next one?
CloudTag (CTAG), the company that produces jam tomorrow and is ramped by a legion of pea brained inbred imbeciles with a collective IQ of less than your average tomato has announced yet another placing, this time raising £800,000 (before costs) at 5.25p. Hmmmm.
- By Tom Winnifrith |
- 14 July 2016, 02:42 |
Falanx: Buy at 3.25p - target 8p: broker Whitman Howard initiates coverage
We own these shares so clearly we are not impartial in what we say about the most incredibly brilliant and perceptive broker report in history. That was my little joke before Wildes reports me to the FCA again. Anyhow Whitman Howard has published a detailed not on Falanx (FLX) as it initiates coverage. Analyst Christopher Furness says:
- By Tom Winnifrith |
- 14 July 2016, 02:10 |
premium content
Gulf Keystone: shareholders lose 95.5% of the company: vindication ( again) for the Sheriff!
Its apology time. To all those morons who have berated me for being a Gulf Keystone (GKP) bear from 180p down it is time to apologise. Today, Paul Curtis and the GKP barmy army have suffered the final kick in the gonads with news of a massive debt for equity swap which sees near total equity wipeout. Its ouzo O'clock for the Sheriff of AIM who awaits the apologies.
- By Tom Winnifrith, The Sheriff of AIM |
- 14 July 2016, 01:52 |
premium content
Serica Energy should be back in production soon
I am often left struggling to find smaller oil companies that actually look a good investment, as opposed to just a gamble on a single big drill, or where all of the potential future value is in the ground with no actual plan or finance in place to get it out!
- By Gary Newman |
- 14 July 2016, 00:54 |
Samuel Heath & Sons – results a spin-free pleasure to read, bar post-Brexit vote outlook warning
Firstly to thank the eponymous Chairman of builders’ hardware and bathroom products manufacturer, Samuel Heath & Sons (HSM) for a management statement which was a, most rare in these times, spin-free pleasure to read. However, the statement includes an outlook warning…
- By Steve Moore |
- 14 July 2016, 00:51 |
premium content
Great news - EJ is back with lines in appreciation of sacked George Osborne
After a long sabbatical, our resident poet E J Thribb(ance) is back - inspired by the departure of George Osborne from Her Majesty's Government. Over to EJ.....
- By ShareProphets |
- 14 July 2016, 00:50 |
Photo Me's Picture of Health Develops into an Interesting Play.
Hello Share Swappers. I know it’s not been long since I last featured Photo-Me (PHTM). This is the share that Uncle Tom characterises as my favourite. Well, it has made me a lot of money, after a very poor start yonks ago. The reason I return to it so rapidly, is that I am even more convinced that the present share price has room to move upwards. The share reached a high of 185p a few months ago. Then on June 21, three days before Brexit, it suffered. Though like many companies singled out for sudden punishment, the shares were oversold in a panicked situation.
- By Malcolm Stacey |
- 14 July 2016, 00:50 |
premium content
E-Therapeutics: having bagged shares from sale of Searchbolt, CEO quits
Tom Winnifrith described the deal under which AIM-listed E-Therapeutics (ETX) repurchased a company called Searchbolt (having spun it off some while back) as stinking like a pile of rotting kippers at the height of summer. In the event, two directors of E-Therapeutics ended up with (between them) almost 3.4 million shares in the company from the transaction. Now the CEO (who accounted for 3,350,228 of those shares – plus a cash sum to cover capital gains tax) has quit with immediate effect.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 13 July 2016, 08:27 |
premium content
Tom Winnifrith Bearcast: appeasing Comrade Dad with capitalist bashing at the Opera
My deluded lefty father is sitting in the corner of the room as I record and to keep the old lefty happy I look at who has gained from the Opera Investments (OPRA) omnishambles, what the company is worth and what should be done to stop clusterfucks like this littering the PLC scene.
- By Tom Winnifrith |
- 13 July 2016, 07:53 |
premium content
Hero of the day Tim Martin of JD Wetherspoon skewers those who lied about Brexit
Tim Martin of pubs chain JD Wetherspoon (JDW) is a Eurosceptic and a man who calls a spade a spade. In today's trading statement he deals with those who lied blatantly in the run up to the referendum. Tim Martin: we at ShareProphets salute you. Personally I find his pubs fairly ghastly but next time I am passing buy I shall pop in and have a drink for Mr Martin toasting you publicly. Does Mr Martin serve ouzo? Tim writes in the RNS:
- By Tom Winnifrith |
- 13 July 2016, 07:17 |
Sabien Technology – GM to reduce nominal value of shares + “three month's cash to cover working capital”. Hmmm…
Sabien Technology (SNT) has released the update provided at a General Meeting held today. Why the General Meeting? … “to effect a reorganisation of the company's share capital… the nominal value of the company's ordinary share capital needs to be reduced in order to allow the company to issue new ordinary shares should it decide to do so”. Hmmm...
- By Steve Moore |
- 13 July 2016, 07:03 |
premium content
What happens after I’m gone? A tale of two stockbrokers.
Dealing with the Estate of a family member is a difficult experience at the best of times. Sadly, it is made no easier by some financial institutions which can be very unhelpful indeed. When one considers which firms to use, considerations as to the level of service offered and the costs come to the fore. But what happens after you have gone? How easy will it be for those left to sort out your affairs to deal with it?
- By Nigel Somerville |
- 13 July 2016, 06:46 |
premium content
Burberry - New CEO gives the stock a major boost, optimism returns
Burberry (BRBY) has just issued a first-quarter trading update, which does little to alleviate the sense that trading remains difficult. But the market is also digesting the announcement of a new CEO and management structure, which is arguably much more important than short-term trading results. What does this mean for the shares?
- By Graham Neary |
- 13 July 2016, 05:08 |
premium content
STM Group – “Trading & Corporate Update” = Profit Warning
A “Trading & Corporate Update” announcement from cross-border financial services group STM (STM) notes that “in April 2016, management took the decision to waiving the Qualifying Recognised Overseas Pension Scheme establishment fee for an initial trial period of six months, with the aim of driving new client business” and that “good progress has been made in generating these new relationships”. Good, good. You what though?, “the revenues generated within the first half of the year have not matched management's expectations with regards to the level of new business anticipated from our QROPS product”…
- By Steve Moore |
- 13 July 2016, 04:14 |