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.
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.
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.
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.
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?
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!
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
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?
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:
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.
I have already alerted the FCA, AIM Regulation and the FRC to the growing scandal at African Potash (AFPO) with regard to the non disclosure of a £600,000 bung on December 1 2015 as part of a pre placing ramp. Now it is onto the Serious Fraud Office, SFO, to whom I have written today.
There are folks out there determined to suggest that something is not qu9ite right with Fox Marble (FOX). In one sense they are correct, Fox has missed a stack of targets. We know that and it is well and truly "in the price". The conspiracists quite simply maintain that Fox is built on smoke & mirrors. They are - I believe - wrong but their war on Fox has left the shares very cheap indeed.
It was announced on 12 July that 1Spatial (SPA) CEO Marcus Hanke had sold 5 million shares at 4.45p - netting him roughly £220,000. A director share sale never goes down well and the shares have flatlined since - they are now 4.25p-4.75p.
For my sins, I took some time to read through 88 Energy’s Interim Report released last Monday. While continuing to believe that the attractiveness of a stock is inversely related to the number of other investors who are analysing it, I decided nevertheless to see what all the fuss was about.
The last time we covered ShareProphets AIM-China Filthy Forty play Univision Engineering (UVEL) is was in the wake of a profit warning regarding the trading performance of a unit it owned 52.25% of and was trying to sell. But there was also the threat of m’learned friends taking a slice as the jilted bride involved in the sale of a tranche of the company rattled the sabre. On Wednesday came this:
The indiscriminate buying in the market recently has been something to behold and suggests we could soon be due a reality check. The mad monetary policy of central banks everywhere has for some time been forcing institutions into hunting down yield wherever they can find it and this has caused the equity markets and the junk bond markets to soar.
Firstly I untangle Friday's RNS from lyin' Chris Cleverley and the fraudsters at African Potash (AFPO) - folks you need to do the maths! Then I explain why, as at next Thursday, this fruadulent, out of cash piece of Turkish is screwed. The countdown is on as Katrina Clayton knows full well and the the full posse is in pursuit. Congratulations lying Chris..you have just met the Sheriff of AIM. Football fans will understand the phrase - should I get a calling card made?
It’s often overlooked by the more gloomy arm of our golden fraternity that we are now not far off that happy time of year when shares, all things being equal, will rise. They do most autumns, even when there is nor particularly jolly economic news on the horizon.
I previously updated on my share tips of the year just after the Brexit vote – see HERE. The following updates on developments since…
This morning brought interim results from Restaurant Group (RTN), the owners of 500 restaurants including Frankie & Benny’s, Chiqito and Coast to Coast. The company is not happy with its own recent performance but there are still great signs for its long-term potential.
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.
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.
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…
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).
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:
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.
On Monday 13th February, Tom Winnifrith noted a crazy market for resource juniors and that, as an experiment, we'd track a 'Dirty Dozen' of such stocks after 1 week, 1 month, 3 months, 6 months and on December 31. Here is a slightly late (so slightly longer than) 6 month update...
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.
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
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.
I 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.
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.
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.
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'...
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…
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.
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.
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