ShareProphets

Wednesday 23 August 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


30 August 2016, 14:51 | By Steve Moore |

Braemar Shipping Services – “Trading Update”, results “will be materially lower than 2016”. Uh-oh…

“Braemar Shipping Services plc (BMS) provides the following trading update, further to our AGM Trading Update on 30 June 2016”. Not ‘pleased to provide’, just “provides”, Uh-oh...

30 August 2016, 11:49 | By Tom Winnifrith, The Sheriff of AIM |

African Potash tells Morons its lawyers are onto Tom Winnifrith - see you bitchez in Court!

African Potash (AFPO) has not put out an RNS but it has reassured Bulletin Board Morons that it is is preparing legal action against me. Great news. I cannot wait to see the bitchez in court. The disclosure process will be a hoot. I really look forward to seeing that Letter of Credit from the January 6 RNS because it DOES NOT EXIST. Disclosure here will destroy Potash so bring it on Bitchez;. The statement which PR operatives St Brides has sent to morons by email reads:

30 August 2016, 11:48 | By Cynical Bear |

Craven House Capital – At least we know where Mark Pajak spent his summer holidays

Hallelujah, Craven House Capital (CRV) has announced its first investment in years but, as ever, it raises a host of questions, but I think I’ve worked it out. It’s just one of those summer romances that looks great under the holiday sun but less so on under a grey, autumnal sky. I didn’t take Mark Pajak for a Shirley Valentine character!

30 August 2016, 11:36 | By Graham Neary |

Science in Sport: Unprofitable but with bags of potential: BUY

It’s not every day that I find a small-cap which I think has the potential for serious growth, but I think I may be looking at one in the form of Science in Sport, or “SiS” (SIS). The company has announced this morning that it is set to become the Official Sports Nutrition Partner for Liverpool football this season, in a move which should further raise its profile.

30 August 2016, 11:33 | By Steve Moore |

Pressure Technologies – “Update on Recent Trading” = Another Profit Warning…

Having initially warned of further downside risk with the shares at 166p HERE, I note shares in Pressure Technologies (PRES) are currently more than 11% lower today, at 140p, on the back of an “Update on Recent Trading”

30 August 2016, 11:22 | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith Bearcast: Lyin' Chris Cleverley of African Potash sue me for libel or resign in disgrace now!

Over the past week I have demonstrated quite clearly that African Potash has engaged in securities fraud as lyin' Chris Cleverley has, on a serial basis, lied and misled investors in order to get away a bailout placing. In this podcast I make it clear: lyin' Chris must sue me for libel or must resign in disgrace. I shall up the ante later as more documents fall into my possession. Elsewhere I look at Strat Aero (AERO), Tlou Energy (TLOU), Avocet Mining (AVM), Cloudtag (CTAG) and in a detailed way at Pressure Technologies (PRES).

30 August 2016, 10:15 | By Cynical Bear |

Challenger Acquisitions – Interims out…..suggest shareholders follow suit!

In last week’s piece on Challenger Acquisitions (CHAL) HERE, I said I would comment further once the interims came out. Well, they were released this morning and, unfortunately for shareholders, there were no surprises.

30 August 2016, 08:39 | By Tom Winnifrith, The Sheriff of AIM |

African Potash - 2 days to find $1.1 million: an open letter to Lord Peter Hain

In two days time African Potash (AFPO) must repay its finance director's wife $1.1 million as it is obliged to clear the most expensive loan in AIM history. It has no cash so prepare for mega dilution as the loan will be repaid in shares at 0.29p per share, or lower. Against that background I have, this weekend, shown that on both January 6 2016 and December 1 2015 it lied to investors ahead of its last bailout placing, it engaged in fraud. The man charged with holding CEO lyin' Chris Cleverley to account on this is perma-tango tanned Labour Lord, Peter Hain. I have written to his Lordship today.

30 August 2016, 08:15 | By Chris Bailey of Financial Orbit |

Themes around a recovering Pound – sector selection for the rest of 2016

Over the years I have heard a lot of rubbish about asset allocation – your choices between equities, bonds, ‘alternative investments’ and cash – being an 80%+ determinant of your return as well as the notion that stock picking is futile and we should all save time and money buying a bunch of cheap-as-chips tracker funds.

30 August 2016, 08:03 | By Malcolm Stacey |

AstraZeneca Escaped Take-Over by Americans, but Still Does a Germ-Zapping Deal with Uncle Sam

Hello Share Smackers. If there is one sector which can be truly called defensive, it is the giant pharma world. Big drugs companies supply something that no-one in his or her right mind would give up - release from pain and suffering. So even when times are hard, medical giants will continue to make money.

29 August 2016, 15:47 | By Gary Newman |

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.

29 August 2016, 15:17 | By Graham Neary |

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)!

29 August 2016, 14:57 | By Tom Winnifrith, The Sheriff of AIM |

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.

29 August 2016, 14:33 | By Tom Winnifrith, The Sheriff of AIM |

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.

29 August 2016, 14:33 | By Tom Winnifrith, The Sheriff of AIM |

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.

29 August 2016, 12:07 | By Darren Atwater |

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.

29 August 2016, 11:24 | By Tom Winnifrith, The Sheriff of AIM |

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.

29 August 2016, 11:12 | By David Scott |

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."

29 August 2016, 09:38 | By Gary Newman |

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!

28 August 2016, 18:06 | By Tom Winnifrith |

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. 

2 hours ago | By Tom Winnifrith |

Tom Winnifrith: Sign up now for new free share tip service FiveFreeShareTips.com

Following complaints from shamed share ramper Roger Lawson, ADVFN has insisted on a raft of new editorial controls on OneFreeShareTip.com. I did not re-start my life five years ago to be told what I could or could not write. I said no and ADVFN boss Clem Chambers has just said that the website will be shut down. So...our hand is forced ... Welcome to fivefreesharetips.com - we hope you join NOW HERE.

3 days ago | By Pizza Hardman & Hackney Marxist Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by some scooter courier shop in Vietnam, #1 distributer for Telit

As seen here, Telit's (TCM) distributers are a, um, diverse lot, including a distributer in Vietnam that appears to be a scooter courier firm. Which is nice, and thank you for sponsoring this week's Bulletin Board Moron search.

7 days ago | By Tom Winnifrith, The Sheriff of AIM |

The FRC has got it right as it slams PWC with £6 million fine but also names, shames & fines individual - Nicholas Boden

Back before the world went crazy in the nineties when folks committed or abetted financial wrongdoing they were named, shamed and punished as individuals. That was a real deterrent to crime. Then the world changed and we started fining corporations, banks, accountants and other advisers. The regulators announce seemingly large fines which meant they got newspaper headlines and seemed smart. But the banks and other advisers just treated the fines as a cost of business and so were not deterred from breaking the rules going forward. At least my very good friends at the Financial Reporting Council seems to appreciate that. The FRC is, as such, the UK's best regulator.

7 days ago | By Steve Moore |

7 days ago | By Tom Winnifrith, The Sheriff of AIM |

It has form, shoddy ramping with grossly misleading RNS from Bushveld - placing ahoy + Cheerleader photo: SELL

This is not the first time that Buishveld Minerals (BMN) has engaged in truly sordid and shoddy ramping to get a placing away. Perhaps you remember this expose HERE which allowed me to crack a massively tasteless joke about blow jobs. The point is that pre-placing ramping back last fall left those suckered in with a really bad taste in the mouth. Wind forward to yesterday.

6 days ago | By Malcolm Stacey |

A Super Sewer, A Swish Station and a Big Bridge. Balfour Beatty is on a Roll

Hello Share Scraggers. Infrastructure is a buzz word at the mo. Companies which supply it (if that’s the right word) are seeing their share prices rise. You’ll recall that Big Donald climbed into power by saying he would spend a lot more on roads and other public projects in the USA. Not to mention that laughable Mexican wall. And Blighty’s government has also said it will be spending more on infrastructure.

6 days ago | By Tom Winnifrith |

I will make this simple enough that even Bushveld shareholders can understand it

I'd like to start a competition to find the AIM shareholder list with the lowest average IQ. I am beginning to think that it may well be that of Bushveld Minerals (BMN). Sure its shares are up by 400% since the pump and dump of last fall (exposed HERE) and they may rise again on the latest pump and dump of yesterday (HERE) but folks need to be aware that a placing is a slam dunk cert. Oh no, say some very stupid people.

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

Andalas Energy: Open letter to FCA & AIM Regulation - Market Abuse & Breach of AIM Rules

I am deeply troubled by events at AIM uber dog Andalas Energy (ADL) on Monday afternoon. This is a company that has form when it comes to breaking AIM Casino Rules but on this occasion it is the advisers at Cantor Fitzgerald, whose actions have alreday cost some folks 50% of their money, who should be hung, drawn and quartered. Sadly we have gone soft on crime but at least they should be clobbered by the FCA for market abuse and AIM Regulation for breaching AIM rules. I have sent a letter.

6 days ago | By HotStockRockets |

Optibiotix - we buy more shares for first time in two years, price is just wrong

Thanks for all the emails on Optibiotix (OPTI). We understand seeing the shares slide back to 53p odd is alarming. To one or two of you, there is no need for such language! To the rest of you here goes.

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

AIM Dog Servision: another warning and it is death spiral and dilution frenzy ahead

When serving up god-awful FY numbers on deadline day ( June 30th) it was shown that uber dog Servision (SEV) had serially misled investors and indeed told outright lies over the prior half year. Rover also served up its second profits warning in two weeks with the god-awful numbers and 'fessed up "Our working capital position is tighter than we anticipated" - I should cocoa. Today it got worse.

5 days ago | By Malcolm Stacey |

Looking for a Possibly Safer Airline Venture? - Well, this Fleet's In

Hello Share Grafters. The congestion in most of our airports will give you the heads-up that air travel is booming. It will continue to do so, especially as more people from developing countries become middle class. But you may still be wary of big airlines.

5 days ago | By Steve Moore |

EU Supply – does “Contract win” merit a 12% share price rise?

Having reached 18p last month, shares in e-procurement software provider EU Supply (EUSP) had slipped back slightly – but are currently further higher on the back of a “Contract win” announcement. This following a trading update earlier in the month…

6 days ago | By Steve Moore |

Idox – acquisition aids a rating which is “highly attractive”… Or is it?

Having reached more than 75p in May, shares in information management technology and services company Idox (IDOX) declined below 60p early last month before recovering above 65p - then declining towards 60p again. The company is now “pleased to announce that it has acquired… Halarose, a supplier of electoral back office software and services to UK local authorities, for £5.0 million, comprising £3.5 million in cash and £1.5 million in shares” (at 61.5p)…

6 days ago | By Tom Winnifrith |

Obtala - shares to more than double: broker VSA: we publish the note

VSA is house broker to Obtala (OBT) so is not impartial. Neither am I as we own a small number of shares following a Dragon's Den pitch as the 2017 UK Investor Show. But the price target suggests real upside and VSA's research team is well regarded and since we happily published an uber-negative piece from Evil Banksta the other day, this offers some balance. VSA has tweaked its forecasts

6 days ago | By Steve Moore |

Capital Drilling – half-year results include “broadened” uplift in activity, so why are the shares lower still?

Drilling services company Capital Drilling (CAPD) has announced results for the first half of 2017, including that an initial uplift in activity has broadened with an improving outlook in industrial metals and capital markets activities support. Why then are the shares further lower, below 40p, having been above 60p earlier this year?...

3 hours ago | By Tom Winnifrith |

Tom Winnifrith: Sign up now for new free share tip service FiveFreeShareTips.com

Following complaints from shamed share ramper Roger Lawson, ADVFN has insisted on a raft of new editorial controls on OneFreeShareTip.com. I did not re-start my life five years ago to be told what I could or could not write. I said no and ADVFN boss Clem Chambers has just said that the website will be shut down. So...our hand is forced ... Welcome to fivefreesharetips.com - we hope you join NOW HERE.

3 hours ago | By ShareProphets |

6 tips, the one gold share that all must own, and six reasons why the stock market may crash in 2017 - The August edition of the UK Investor Show magazine is now live

The August edition of the UK Investor Show Magazine is live featuring six share tips, the one gold share that all must own, and six reasons why the stock market may crash in 2017 and much more.

1 day ago | By Steve Moore |

Provident Financial – calamitous “Trading Statement”, shares plunge, another nightmare for Neil Woodford

Earlier this month in Neil Woodford - how long before The Deadwood Press admits that he does not walk on water?, Tom noted a bad record – recently including Provident Financial (PFG). The Mail on Sunday had written “the FTSE 250 doorstep lender whose profits halved after it struggled to move to a new operating model” - the struggles have got considerably worse…

1 day ago | By Cynical Bear |

Sphere Medical – Yet another Woodford debacle: it’s all becoming a bit too common

When Neil Woodford launched his Patient Capital Trust (WCPT) to much fanfare in 2015, everyone waited expectantly to see how he would start spending the £800 million war chest and so one had high hopes in April 2015 with the announcement of the first investment for the fund, namely a £4 million investment in an exciting quoted biotech play, Sphere Medial Holdings (SPHR). As an announcement last night showed, it has been as successful (or not) as one of his other uber-dogs RM2 International (RM2).

24 hours ago | By Tom Winnifrith, The Sheriff of AIM |

A Broker warns you on Bushveld... they do it with mirrors

Once again I return to the subject of the company on AIM with the stupidest bunch of shareholders. The auditors of Bushveld Minerals (BMN) have stated explicitly that the company needs to raise fresh equity to avoid going tits up but shareholders respond by saying "how often have auditors got it wrong?" and a range of other excuses. They just do not get it at all, it is placing ahoy. Now the company has news today which the morons who own this stock seem to think is good. Ina private email this morning a top City broker put it thus:

2 days ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Ooh er MRS: CEO walks the plank, or was he pushed?

A surprise announcement from AIM-listed Management Resource Solutions (MRS) at 9.49am detailing board and management changes. At that time of day it hardly looks routine and it wasn’t.

1 day ago | By Malcolm Stacey |

Why I'm Still Riding the Black Horse

Hello, Share Mixers. As you may have gathered, I favour investment in all four big British banks at the mo. My main reason is that each time one of them announces new figures, its balance sheet seems to have improved nicely and the share price usually shoots up.

1 day ago | By Tom Winnifrith |

Winner of the Telit Leather Man Macho Insider Dealer Yosi Fait caption contest announced

We asked you for suitable captions for the picture below of the leather man who took over from the cowboy as CEO of the Telit (TCM) village people. I refer, of course, to insider dealer Yosi Fait. You offered numerous suggestions as you can see HERE but there can be only one winner and it is

3 hours ago | By Pizza Hardman & Hackney Marxist Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by the AIM casino, the world's most successful growth market

This week's Bulletin Board Moron contest is sponsored by the AIM Markets, the world's most successful growth market, now only slightly smaller than it was last year.

1 day ago | By Cynical Bear |

Red Leopard Holdings: Shock TR-1’s – Spreadex has been selling out

wrote at the weekend about the surprising lack of TR-1’s at Red Leopard Holdings (RLH), particularly from the largest shareholder Spreadex, with the company having gone into suspension pending an RTO. Well, as if by magic, they arrived yesterday, after hours of course.

1 day ago | By Chris Bailey |

Billiton gets religion...with a little help from its activist hedge fund 'friend'

It was around a year ago that I wrote an article about one of my then tips of the year BHP Billiton (BLT) observing that the world's largest mining company had just made billions of dollars of losses...but correctly the share price was going up. Billiton was a nice solid pick for 2016 but so far this year the share has been more volatile than remunerative.

1 day ago | By ShareProphets |

First Sentinel offers exposure to rare, but valuable stock opportunities

NEX Exchange listed UK Investor Show sponsor First Sentinel (FSEN) announced its move into the public markets via IPO in May 2017 and is already pushing forward with investment opportunities often reserved for institutional groups and inaccessible to retail investors. Due to management’s extensive experience and involvement in the UK, and global financial markets, First Sentinel provides value to shareholders through its unique access to a wide variety of pre-IPO, IPO, mezzanine and senior financing opportunities. The company employs a proprietary risk-control investment strategy that seeks strong upside potential while ensuring maximum downside protection.

1 day ago | By ShareProphets |

ShareProphets China AIM 'Filthy Forty' update – Pembridge Resources no deal complete, so move to standard listing edition

Since our previous update, Pembridge Resources (PERE) has followed the likes of Geong International and co in 'Geong, Geong' and then Gone from the ShareProphets China AIM 'Filthy Forty'...

24 hours ago | By Steve Moore |

Norman Broadbent – “Corporate Update & Change of Adviser”. Hmmm, how’s the balance sheet?

Self-described ‘talent acquisition & advisory services’ company Norman Broadbent (NBB) “announces the appointment of Gary Browning as Strategic Adviser to the Board and CEO, the appointment of WH Ireland as Nominated Adviser and Broker, the issue of a £300,000 loan note and the commencement of CFO succession planning”. Hmmm…

4 hours ago | By Chris Bailey |

Does WPP stand for 'What Profit Progression'?

Too many years ago to remember as a fledgling analyst and junior portfolio manager, I was told by an old hand that 'WPP is the company with the greatest correlation to the FTSE-100'. I have no idea - nor the boring Excel skills - to say whether this is true but the notion that the world's largest advertising company should broadly share the same ups and downs as the very international main UK market index makes quite a bit of sense.

6 hours ago | By Malcolm Stacey |

Lost Faith in some of Your Old Favourites? Then Take a Look at this 200-year-old Niche Company

Hello, Share Smugglers. The main staples of your portfolio, I should imagine, are in these popular sectors; oil, banks, pharmaceuticals, utilities and insurance. I could be wrong, but history shows that people who invested in these areas years ago still hold the stock.