Hello Share Peggers. Here are some shares you might want to monitor closely in 2017. And if you don’t buy any of them soon, don’t blame me if you are kicking yourself later on. Though if you do buy them and they happen to disappoint, I’d rather you didn’t remind me
Many commodities have enjoyed significant recoveries in price during 2016, but tungsten hasn’t been amongst them and isn’t far off of the lowest levels seen during the past decade.
We recently showed the ten top shorted London-listed shares at the start of 2017. How did 2016's perform?...
This gets more surreal by the day. Yesterday I spoke to the official liquidator who is dealing with the Worthington (WRN) case. He is rapidly getting up to speed and will be speaking to "other agencies" about what went on. A full report explaining why the company went bust will be produced and it will be naming the director and shadow directors if they are found wanting. Indeed it may be used as supporting evidence if and when other agencies pursue this matter. The bad news...
The fraud African Potash (AFPO) has until 7 January ( saturday) to find a new Nomad or its shares get booted off the AIM casino first thing Monday. On the ISDX lobster pot (now known as the NEX lobster pot) it can't get a placing away - for reasons explained in this podcast - so it will be tits up within weeks. That has implications for Blenheim Natural Resources (BNR). Jamie Oliver is blaming Brexit as he shuts six of his over-priced branded eateries. But he is just another celeb tosser don't you think? I look at the real macro headwinds the UK faces. There is comment on Crawshaw (CRAW) and then a very detailed review of Lombard Risk Management (LRM) which is, I reckon a car crash in waiting.
ShareProphets AIM-China Filthy Forty purveyor of biblical plagues Asian Citrus Holdings (ACHL) has updated on the long saga of its audit investigation into allegations which suggest fraud. It seems there is little progress, if any, to report as the company hurtles towards the six month mark in suspension from trading, and execution under AIM Rules 41.
Fresh meat and food-to-go retailer, Crawshaw (CRAW) has updated on trading including “we have continued to build on the progress noted in our last update with the improvements in sales and customer numbers being maintained through December as planned” and “we continue to be encouraged by the customer response to the recent changes we've made”. So why are the shares currently approaching 8% lower, at 23.5p?...
I revealed yesterday how the ramptastic boss at uber-pump Harvest Minerals (HMI), Mr Brian McMaster, had branded Lucian Miers as an "internet troll" for having the temerity to (rightly) call the shares as a sell at 21.5p. The outrageous behaviour of this spivvy promoter makes me look at the shares, now 17.25p to sell, and I have to say that it is "red flags ahoy" - Lucian is 100% correct.
Cynical Bear is probably onto his second bottle of ouzo by now thanks to today's news from Challenger Acquisitions (CHAL). Mr Bear has warned you time and time again about the numerous red flags associated with this company and indeed made it one of his two sells of the year with a target price of 0p HERE. And today we learned that after just 358 days with the company the chairman John Le Poidevin has resigned. It gets better if you are Mr Bear. Have another ouzo.
I surprised myself to note that I haven’t commented on the quality outfit, Boxhill Technologies (BOX), in over two months so thought I should start the New Year by asking the question that must be on every investor’s lips: when is the new CEO going to start and who the hell is it? Surely the company's not struggling to find a suitable mug / candidate?
“fastjet (FJET), the low-cost African airline, is pleased to announce that… it has successfully placed 143,449,794 new ordinary shares at a price of 16.3 pence per share… If the placing does not proceed and complete, and in the absence of the group being able to successfully agree or implement any alternative funding, the directors would seek to commence a process of placing the group into administration”. Wait a minute, just in August the company raised “total aggregate gross proceeds of £15.2 million… all at 50 pence per new ordinary share”. What’s gone on?
I’m struggling to take my eyes off the ‘flavour of the month’ stock, EVR Holdings (EVRH), at the moment as it continues its irresistible rise upwards and I have to tip my hat to a great performance by the CEO, Anthony Matchett, on a podcast on Wednesday and all CEO’s in the ramp phase should take note.
Hello Shares Casters. Though I’m bullish about UK shares generally, and while I hold quite few shares in Tesco (TSCO), Sainsbury (SBRY) and Morrison (MRW), I am worried about the ability of supermarkets to shine in Shareland in 2017. I suppose of all three stores, I’m most optimistic about Morrisons.
In an article just before Christmas Lucian Miers explained very clearly why at 21.5p shares in uber-ramped harvest Minerals (HMI) were a slam dunk sell. He makes hard and valid points - including that a placement is looming - HERE. The shares are now 17.5p to sell. And so a loon has emailed Brian McMaster who runs Harvest and posted his reply on the LSE Asylum. Brian the ramper fails to answer Lucian's points, fails to deny that it is placing ahoy but instead brands Lucian an "internet troll." McMaster writes:
I start on the matter of our latest Winnileaks shocker on the fraud African Potash (AFPO). Then it is onto why Malcolm Stacey is just so wrong on the housebuilders HERE. Then I look at Touchstar (TST), Strat Aero (AERO) and Andalas (ADL).
We recently detailed the shorted AIM shares (by net short position %) at the start of 2017. How did 2016's perform?...
A tad surprisingly, I got into cryptography at Christmas so, taking inspiration from a mighty opus in that domain, I thought I would look at a shockingly, disappointing stock, MySQUAR (MYSQ), using a particularly odd approach. No trophy for working out my antics as you may actually find it a risky topic to Disqus, but can I actually do 400 words on this stock in a fitting way with my customary virtuosity?
Andrew Monk of VSA Resources was today explaining in his private daily email why Sula Iron & Gold (SULA) was his second nap share tip of the year. Now bear in mind VSA acts for Sula but Monk is a principled sort of fellow and if he says he believes in something he really does. As such it is over to the Monkey who writes:
It has already been demonstrated here by the publication of leaked documents that African Potash (AFPO) lied to investors via RNS in November 2015 and January (6) 2016 in order to get a placing away. Now another document has fallen into my possession which shows how Potash misled mug punters into piling into the shares on August 4 2015 as it announced "Landmark Trading Agreement with COMESA". Sadly for CEO Lyin' Chris Cleverley I have the original MOU which we can now compare and contrast with the RNS. Oh dear. Kerboom!
This is one of our worst share tips and also one of my (TW) worst investments of recent years. Collectibles group Stanley Gibbons (SGI) has announced further dire results - this time for the six months ended 30th September 2016 - though “is optimistic that the trading of the group is now beginning to reflect the giant strides made through the restructuring plan in a year of substantial transition” (including a completely new board of directors).
What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips, plus what sexism at the BBC
In the excitement I forgot to mention Nomates but you can see a chart below that he'd rather you did not. It is self explanatory and my father wants to clarify that like Larry Cummins of Milestone (MSG) infamy he does not have a degree from Oxford. But unlike Lyin' Larry he has two. I discuss Milestone, Blue Prism (PRSM), AIQ (AIQ), 13 Energy (I3E) and focus on Frontera Resources (FRR) and include in my coverage the sordid role of fat bastard, that is to say Malcolm Graham Wood.
Hello, Share Peckers. I’ve just recently named three of my shares I have high hopes for. So to balance the boat, I’ll now nominate a trio of not-so-hopeful members of my portfolio. Three shares that I plan to sell as soon as the market indicates the best time.
The Financial Reporting Council has today fined audit firm ArrandCo, formerly known as RSM Tenon, £1 million ( reduced by 30% for co-operating) and audit partner Jeremy Filley £80,000 ( reduced to £56,000) for allowing the fraud Quindell (QPP) to publish fraudulent 2011 accounts. No doubt Snot Gobbler Dan McCrum at the FT is again about to produce a timeline taking credit for this but the FRC has stated explicitly that it widened its enquiries to include the 2011 accounts only because of specific allegation raised by me as you can see HERE. These fines are down to my work, not that the deadwood press will ever acknowledge that. So how did Rob Terry and his associated in the Quenron gang, cook the books with the help of Filley and RSM Tenon.
There is a new kid on the twitter block, @ariadnecapitals seems to ask a lot of questions of the Ariadne Group and Julie Meyer as you can see below. How long before Julie sends a lawyers' letter to get it shut down?
I thought I’d do a brief update on the first of my share ideas for 2018 – AIM-listed Bowleven (BLVN). Brief, because not much corporate news has come out, but there were a couple of interesting TR-1s. Tipped at around 30-31p, the shares were 32.7-32.9p at Friday’s close – it’s higher (good) but I don’t think I’ll be selling yet to cash in the odd penny!
And so the blockchain spoofing continues. Step forward Stapleton Capital (STC), a standard list shell listed on 21 September to invest in telecoms. Its main man, the Holmes groupie Rodger Sergant has seen the light and the company is now to be known as BlockChain Worldwide (BLOC) The statement issued begs questions for the sleuth at 221B Baker Street.
I am sure that having bought the duff Italian assets of Sound Energy (SOU), Saffron Energy (SRON) shares will be aggressively promoted when they return from suspension. All the usual suspects in team ramp are already making initial noises. But should we really get excited? The City's No 1 oil analyst, Zac "The Knife" Phillips of SP Angel thinks not and opines today:
To lose 25% of your market capitalisation in less than a month looks a bit like carelessness but that is what UK Oil & Gas (UKOG) has managed. The real issue is that it is grossly overvalued on a fundamental basis - the shares should be sub 1p. The immediate issue is the news from Broadford Bridge. Or rather lack of it.
I start with today's personal triump on Quindell (QPP). And it is a real personal triumph for me, not that the deadwood press or my critics will recognise that. I then cover Milestone (MSG) - Ho Ho Ho - Pets At Home (PETS), Joshua's fave store, N Brown (BWNG), Worldwide Blockchain (BLOC) and Velocity (VEL) another dog from the FinnCap kennel.
Folks can ignore the warnings of myself, Nigel Somerville and Waseem Shakoor about the overvalued ramp stock Frontera (FRR) if they wish. But the City's No 1 oil analyst Zac "The Knife" Phillips has just published a very specific and damning note. No doubt "fat bastard" Malcolm Graham Wood will ignore this real analysis as he continues ramping the shares with misleading statements in return for generous cash payments to buy yet more pies. But it might pay the Bulletin Board Morons to listen to someone who is not on the payroll and does know what he is talking about. Over to The Knife...
Westminster Group (WSG) is a company which I once had high hopes for, but in the past it has always been one which has promised the earth but has failed to deliver much of any real substance.
It has been a bit volatile at times but if you bought the late August plunge in the shares of the UK's leading mobile and electricals retailer Dixons Carphone (DC.) as discussed HERE then you have made a few quid. So what to do now? Well step forward the company's trading update for the 10 weeks to the 6th January 2018…
Oh BBMs, lap up the nonsense coming out of AIM-listed Frontera (FRR) this morning. Please buy lots of shares, for there are lots more coming. We had expected an update on the company’s work on the Ud-2 well in Georgia, but this morning’s effort offered no numbers to go on and some strange terminology.
On last month-announced results for its half year ended 30th September 2017, we noted Premaitha Health (NIPT) currently looking at positive pre-litigation cashflows, but that there remained risk of low cash headroom or even a cash shortfall including if further litigation-related costs are required. There’s now a Secured loan facility agreement with Thermo Fisher announcement.
AIM-listed Milestone Group (MSG) has been up to its neck in controversy for over a year now, but I wonder if the company has had some bad news it hasn’t quite got around to sharing. This is regarding its blockshain spoofery (oops), I mean its software license agreement with Black Cactus Global Inc (Envoy Group as was) which we were told it had entered into on 6 December.
Looking at all bull markets in the S&P since the year 1900, and then examined what happened in the very first year after each of those bull markets ended is interesting. In the first year of the bear market after the last full year of the bull market the numbers were striking and could be useful if 2017 ends up being the peak of the bull market.
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