ShareProphets

Monday 21 August 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


19 August 2017, 10:39 | By Tom Winnifrith |

250 Kent job losses as Southern Salads goes bust blaming Brexit but its all lies in the remoaning Independent

When the Brexit remoaners paper of choice, The Guardian, suffers an internet glitch there is always the lamentable Independent which serves up a daily diet of fake news on all matters European. Yesterday we learned that Southern Salads, a Kent firm, had gone bust and 250 ex workers could thank Brexit for it all. Well that is the Indy line, except that it is palpably false. It is just made up news. Fake news at every level.

19 August 2017, 09:26 | By Lucian Miers |

Purplebricks priced for perfection; Sell at 431p

I wrote about the red flags at Purplebricks (PURP) two weeks ago and promised to return to the subject but was distracted by the Telit (TCM) fiasco last week - on that matter I must urge anyone interested to listen to Tom Winnifrith's bearcast yesterday. I challenge anyone to listen and NOT to wnat to go short. But back to Purplebricks.

19 August 2017, 07:56 | By Steve Moore |

Table of shorted AIM shares - week to 18/08/2017

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

19 August 2017, 07:32 | By Tom Winnifrith, The Sheriff of AIM |

Telit Communications – how much of a cash guzzler is GainSpan?

In the piss poor results for the six months to 30 June 2017, Telit (TCM) highlighted that it had purchased GainSpan and provided the following rather limited commentary on its contribution to the interim results:

19 August 2017, 07:25 | By Steve Moore |

Management Consulting Group – half-year results, an ‘operational improvement implementer’ which needs some of its own medicine!

Management Consulting Group (MMC) Chairman & Chief Executive Nick Stagg, with the company’s results for the first half of 2017, is “pleased to report that Proudfoot, Management Consulting Group’s continuing business, has made progress in the execution of its strategy”. The market is not however pleased – the shares down 8.5%, to 7p…

19 August 2017, 07:25 | By Gary Newman |

Central Asia Metals is probably the most under-valued commodity play on the market!

There are times when a large background seller can present a good buying opportunity, and an institutional investor offloading shares isn’t always a sign that the company is failing to perform.

19 August 2017, 07:13 | By Malcolm Stacey |

Is IQE Another ASOS? It May Not Be, But Can We Risk Letting Our Shares Go?

Hello, Share Scramblers. Let’s just have a few more thoughts about one of the fastest rising shares of the year: IQE (IQE). First of all an admission. I was stupid not to have sold all my shares when the price rose above 140p. My most golden rule is to sell after a big leap and I bought many of these shares at 16p.

18 August 2017, 14:59 | By Nigel Somerville, the Deputy Sheriff of AIM |

Advanced Oncotherapy – how’s the cash position? Still a stonking SELL.

After a stack of RNSs earlier this year, it has all gone quiet at AIM-listed Advanced Oncotherapy (AVO) since the announcement of the termination of the Bracknor death-spiral. How’s the cash position?

18 August 2017, 14:46 | By Tom Winnifrith |

Reader Comment of the day - Drunken Sailor unearths local issues for Bushveld

You may remember that ShareProphets poster Drunken Sailor and I were co-defendants in a libel case a couple of years ago ( which we won). Mr sailor is not a drunk and he is a great sleuth when he wants to be. My pressing concerns about uber ramped Bushveld Minerals (BMN) are its balance sheet, but DS has unearthed another major issue which, for some reason, Bushveld has not covered in an RNS. Perhaps it might do so now? Drunken's post merits a wider audience:

18 August 2017, 14:35 | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith Bearcast: Oozi Cats and the FBI & why Telit could well be tits up within weeks

The failure of the LSE to insist that hapless Nomad FinnCap forces Telit (TCM) to bring in a firm like KPMG to conduct a full forensic review will hurt it even more when this company goes tits up as I noted in a letter to Stock Exchange boss Donald Brydon earlier today HERE.  Two sources tell me that the FBI may have bad news for the Boston fraudster Oozi Cats and his Mrs as I explain in this podcast. But the meat of the podcast is explaining why Telit will go tits up and why that could be within six weeks. Enjoy.

18 August 2017, 14:05 | By Steve Moore |

SRT Marine Systems – order “for the world's biggest single deployment of AIS AtoN”. Wow… Or not…

Following the postponement of a significant contract announced at the end of last month, SRT Marine Systems (SRT) has now announced an “AIS Aids to Navigation Contract”, including that “the order is for the world's biggest single deployment of AIS AtoN”. The world's biggest hey, sounds impressive!…

18 August 2017, 11:24 | By Cynical Bear |

PCG Entertainment – Lots to like about this funding deal other than…….WHY??

Like Richard Poulden, CEO of PCG Entertainment (PCGE), I have a bit of time for Brian Kinane at Riverfort. As someone who believes in transparency and clear communication, my view is that Brian is trying to bring some of that to the world of small cap funding, particularly where the dreaded phrase “ death spiral” is concerned and there’s a few points here to be applauded. It still doesn’t prevent the obvious question being aimed at Mr Poulden though – WHY RAISE MORE FUNDS NOW?

18 August 2017, 09:24 | By Tom Winnifrith |

Does Neil Woodford really deserve a halo - is Circassia the biggest dog in his funds?

If you read the bent, freebie is our middle name, personal financie columnists in the deadwood press, fund manager Neil Woodford walks on water. I disagree and have noted before, that, maybe, after three dismal years, others are starting to see the light.  But, with assistance from a leading broker, how about we have a real look at the Woodford Patient Capital Trust (WPCT) but also at the sort of dogs Neil ifalls in love with.

18 August 2017, 09:14 | By Tom Winnifrith |

Kennedy Ventures - Giving 3.98% of the company to the CEO does have a cost

Some folks think that handing out share options to senior staff is a cost free exercise and b) benefits all shareholders as it incentivizes the board and also aligns their interests with those of stockholders. Bollocks on all counts.

18 August 2017, 08:40 | 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…

18 August 2017, 08:11 | By Tom Winnifrith, The Sheriff of AIM |

A letter to the chairman of the London Stock Exchange - why no independent review of the Telit fraud?

You may remember that at the last AGM of the London Stock Exchange (LSE) its chairman,, Donald Brydon CBE, 'fessed up to being a ShareProphets reader and as we chatted afterwards he came over as a thoroughly decent man. But he has, yet again, been failed by his minions in their handling of the biggest AIM fraud of the year, so far, Telit (TCM). Lowly gofers such as the head of AIM Regulation, the fake Sheriff Mr Marcus Stuttad,  have allowed Telit to avoid any independent scrutiny of its accounts & business practices despite clear evidence of fraud. That has to change and maybe Brydon will push for that. I have sent him a letter.

18 August 2017, 08:08 | 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.

17 August 2017, 16:05 | 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?...

17 August 2017, 14:59 | 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

21 August 2017, 10:05 | 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.

20 August 2017, 18:24 | 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.

14 August 2017, 11:30 | By Steve Moore |

LightwaveRF – another ramptastic Apple-linked announcement. Discounted placing ahoy?

LightwaveRF (LWRF) has announced what CEO Andrew Pearson emphasises as “a further exciting development” in that its “next generation Apple HomeKit certified product range, for controlling smart devices with iOS apps and Siri voice commands, will be released on 3 October 2017… will be on sale in Apple retail stores in the UK and the UAE, online via apple.com and at other selected retail outlets”. Ramptastic!...

15 August 2017, 08:14 | By Malcolm Stacey |

As the Greggs Bandwagon Rolls on, You Might Care to Bite into the Shares

Hello, Share Takers. I’m not a great fan of Greggs (GRG) the baker. I rather disapprove of the sugary confections you see in its shop windows. This may be because of my dodgy teeth. But they do a very wholesome seeded loaf which is a mainstay of this family’s kitchen.

14 August 2017, 14:28 | By Tom Winnifrith |

Tom Winnifrith Bearcast - the Great British house price crash of 2017 - its now underway

Okay I have called the top before but the house price crash is underway. I explain why and it involves cutting off the supply of dodgy foreign buyers in London, changes in Buy to Let Tax and new costs for landlords, it involves external shocks and an over-borrowed British consumer. It is already underway and this crash will be brutal. I look at what to invest in and what to short. I do a short section on Purplebricks (PURP) which is one of THE top stocks to short in the UK.

14 August 2017, 14:24 | By Tom Winnifrith |

Egdon a buy at 9.25p - worth 35.5p claims house broker VSA after operational update

I have no axe to grind here and the caveat is that the house broker is paid by the client to write research so it is not impartial. But the upside predicted here for Egdon Resources (EDR) seems enormous and VSA is more honest than most brokers (okay there is a low bar in that contest) and as a lower risk play on UK Oil & Gas (UKOG) ramping this may be of interest. Today's note reads:

14 August 2017, 14:25 | By Steve Moore |

DCD Media – delighted to announce a contract win... but what about the financials?

DCD Media (DCD) is “delighted to announce” a contract win with American female network WE tv. The stockmarket reaction isn’t delighted…

15 August 2017, 08:22 | By Steve Moore |

DX Group – “strong strategic logic” & “opportunity to deliver significant value” reverse takeover discussions… terminated

Having on 31st March announced “strong strategic logic for all stakeholders” and “opportunity to deliver significant value” DX Group (DX.) reverse takeover discussions for John Menzies' Distribution division – and on 5th June “agreed revised terms”, there are now “Termination of Discussions” announcements…

15 August 2017, 08:23 | By Tom Winnifrith |

Meet the Fund Manager buying into Telit - also Rob Terry's biggest fan at Quindell

Relief for Telit (TCM) bulls came at 4.05 PM Monday with news that Davide Serra had bought 1.6 million shares in Telit last week taking his holding from sub 3 to 4%. He only submitted his TR1 after the weekend but paying 160p-180p AFTER we exposed the, then, CEO Oozi cats as the Boston fraudster he clearly knew better than we did. But where did that name Davide Sella ring a bell?

15 August 2017, 08:23 | By Gary Newman |

Ferrum Crescent - still burning through cash and achieving little of note!

With any AIM listed natural resources company it is always interesting to look at where the company is at this point in time when compared to the accumulated losses of the business since it started.

15 August 2017, 08:23 | By Steve Moore |

Tracsis – “considerably stronger” second half & “well positioned” trading update, so why are the shares unmoved?

Rail and traffic-focused technology and services company Tracsis (TRCS) has updated on a second half of its financial year ended 31st July 2017 “considerably stronger than the first half” and that “initiatives, our continued diversification, a good pipeline of M&A prospects, and anticipated industry momentum leaves the group well positioned as we enter the new financial year”. The shares have though currently responded unchanged at 440p. Hmmm…

15 August 2017, 08:24 | By Tom Winnifrith |

Telit: US Court Papers published on NED Ram Zeevi - a man who reckons Telit is clean.

We have already seen that a former Telit (TCM) chairman got sent to the slammer in Israel for fraud. Yesterday it was admitted that - as we revealed a week earlier - the founder, CEO and largest shareholder Oozi cats was also a fraudster and when IPO'ing Telit a fugutive from US justice. But despite compelling evidence from us HERE the rest of the board say Telit is not a fraud. And the folks at the bicycle repair store HERE which it claims to be its Vietnamese distributor agree. So the rest of the board, all appointed by Oozi are squeaky clean right? Er...

15 August 2017, 08:22 | By Tom Winnifrith, The Sheriff of AIM |

Andalas Energy you are scum - a day of shame for AIM from this worthless crap

Andalas Energy (ADL) and its loathsome boss Dave "the rule breaker" Whitby represent all is worst about the AIM Casino. The company is worthless and its sole achievement has been an industrial scale transfer of wealth from the many to the few. Even by its own tawdry standards yesterday was a low point and it is a matter that I shall now be asking the authoriies to investigate as, blatant, market abuse. But first we must rewind to August 8.

15 August 2017, 10:39 | By Cynical Bear |

Jim Mellon's FastForward Innovations: Details finally come out of the Schoold merger horror show – shareholders look away now!

After months of promises and delays, Jim Mellon's FastForward Innovations (FFWD) finally provided further details of the potential merger of investee company Schoold with Lingo Media this morning. I can see why it was reticent about making the announcement as it doesn’t make pretty reading.

15 August 2017, 11:20 | By Steve Moore |

CAP-XX – “First high-volume order for Thinline”. Sounds exciting, but is it?

Having reached above 12p in February before falling back, including post a trading update in June, shares in CAP-XX (CPX) have currently returned to those prior highs on the back of a “First high-volume order for Thinline” announcement. Why “high-volume” though rather than an actual number? Ramptastic?...

15 August 2017, 13:14 | By Nigel Somerville, the Deputy Sheriff of AIM |

Nyota – last chance to get out

Anyone still holding shares in Nyota Minerals (NYO) is staring down the barrel as suspension looms at the close of trading tomorrow, in the absence of the appointment of a new Nomad and Broker.

15 August 2017, 14:00 | By Steve Moore |

Oooo Err MRS – “Trading Update” from Management Resource Solutions at 08:19. Uh oh…

Previously described as an A-grade howler HERE, there is now a strange-time “Trading Update” announcement from Management Resource Solutions (MRS). Strangely timed such announcements are very seldom good news and, combined with the track record here, I’m guessing there’s only one scenario…

8 minutes 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.

2 days ago | By Tom Winnifrith |

250 Kent job losses as Southern Salads goes bust blaming Brexit but its all lies in the remoaning Independent

When the Brexit remoaners paper of choice, The Guardian, suffers an internet glitch there is always the lamentable Independent which serves up a daily diet of fake news on all matters European. Yesterday we learned that Southern Salads, a Kent firm, had gone bust and 250 ex workers could thank Brexit for it all. Well that is the Indy line, except that it is palpably false. It is just made up news. Fake news at every level.

16 hours 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.

16 hours ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: Naked women on Twitter, China and the UK property crash and how you can buy the next ASOS

The bit about naked women explains itself but is of course a cue to link to the photo articles on Quindell's & Cloudtag's daftest shareholders, semi naked sisters Kate & Hayley. China and the UK property crash elaborates on the points I made in the property crash bearcast HERE. And then we turn to the question of can you find a thousand bagger, the new ASOS (ASC) . I ask this because of Malcolm's words on IQE (IQE) HERE and because I am just about to make a large new investment - could it be the next ASOS? It won't be but I explain why that does not mean I am not excited.

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

New revelations: Yosi Fait, Telit's new CEO & friend of the "IDF warrior" must go too

Today's Sunday Times carries new shocking revelations about the shocking lack of corporate governance at AIM fraud du jour Telit (TCM) - surely now the former FD, now CEO Yosi Fait must follow his predecessor the Boston fraudster Oozi Cats/Uzi Katz and be resigned at once

20 hours ago | By HotStockRockets |

Falanx share price decline - not warranted: BUY and watch this space (soon)

Shares in Falanx (FLX) have slipped and slipped most of the summer. The reality is - as we noted with Optibiotix (OPTI) the other day  - that sensible folks are sitting on beaches and this means that there is a bit of an absence of buyers. Well let us clarify there is certainly an absence of buyers for small cap stocks where there has been no news and Falanx fits that bill.

2 days ago | By Cynical Bear |

Red Leopard Holdings: Promising RTO announced – shareholders must be pleased (whoever they are!)

With ten days to go until enforced suspension, Red Leopard Holdings (RLH) announced a potential RTO on Friday relating to a coal project in Colombia. I thought I’d take a look at what it might mean for the shareholders which raised the question as to the bloody shareholders actually are – does no-one file a TR-1 anymore??

17 hours ago | By Evil Banksta |

EVR Holdings: Zero Market Presence, no play of Coldplay - sell

Thursday night’s Coldplay concert in Chicago was VR live streamed across the globe.  But guess which heavily ramped warrant exercise vehicle played no role in the event?  If you guessed EVR Holdings (ticker EVRH) then go straight to the top of the class, it’s VR subsidiary, MelodyVR, was nowhere to be seen! 

23 hours ago | By Tom Winnifrith |

Goldman Sachs Portfolio Manager Says All Time Highs for Gold Coming Fast

Ali Zamani argues that gold has been in a bull market since the end of last year. The start of bull markets often go unnoticed; it’s a grind. However, we are making higher highs and higher lows. He looks at the most successful macro investors and many have come out recently with breakout calls. The ground is fertile, the charts look good, and the base is in, gold will rise quicker than most people think. Indeed he explains why gold will hit new record highs ssoner than most folks think.

23 hours ago | By Cynical Bear |

YOLO: Well, it worked so well for CloudTag I guess…..

I had to laugh this week when I witnessed the marketing genius of one of the key investments of YOLO Leisure and Technology (YOLO) which came straight out of the CloudTag playbook and would be well known to most readers here. How could it possibly go wrong?

8 minutes ago | By Tom Winnifrith |

New Telit Boss macho Yosi Fait in Leather Man action - caption contest

Do you think Yosi got the machine below from Telit's (TCM) Vietnamese distributor of Internet products? In light of today's article on the former FD of the AIM fraud du jour, now its CEO, perhaps you can supply a suitable caption in the comments section below - deadline midnight Monday 21st. If you want more photos of burly men in leather check out Yosi's facebook page.

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

Notes from Underground: Telit to the hand

I had an oniine conversation with an FT reporter about the Telit affair over how the FT would rather credit some Italian newspaper than your obd't one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares. They had to credit somebody given that the FT did not break the story themselves. How convenient for them. CityAM and other publications went with credititing nobody at all. The story broke itself!

23 hours ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Stuttard’s Septic Seven – August update and news from African Potash

It is August and Marcus Stuttard, the head of AIM, sees his portfolio of AIM stocks selected for him get to within 40 days of a full year. Out of the seven three have been booted off the market, one is suspended (no accounts) and the other was booted off AIM but got listed on the NEX lobster pot until it was suspended on that market as well. But Mr Stuttard is completely happy with the regulatory environment of the world’s most successful growth market.

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

Three critical days in June & 3 more in July - why acting CEO at Telit Yosi Fait must be fired NOW!

Yesterday there were more revelations about Telit (TCM) which, as I noted, made the position of former FD now CEO Yosi Fait all the more tricky. Now I want to revisit three days in June and three in July - events then make Yosi's position utterly untenable and explain why he must be fired at once. He is guilty of either extreme and sackable levels of incompetence and of lying to shareholders and insider dealing or of just insider dealing. It is one or the other - there is no third way. So there is no way out for Telit, Yosi must be sacked at once.

23 hours ago | By Nigel Somerville |

China fraud news: American PCAOB revokes auditor Crowe Horwath HK registration

It seems that some regulators have more teeth than others. The PCAOB – a US regulator – has revoked the registration of Hong Kong audit firm Crowe Horwath HK and censured it for refusing to cooperate with an investigation of the firm’s audits of a China-based issuer. Crowe Horwath is part of the same network of audit firms that contains our very own Crowe Clark Whitehill, which audited a large number of AIM-China Filthy Forty companies before they disappeared into the ether (see HERE).

2 hours ago | By Malcolm Stacey |

This Concrete and Clay King is Paving the Way to A Bigger Share Price

Hello, Share Trundlers. Once again, I take the liberty of bringing before you a share you may not have come across before. Though Marshalls (MSLH) is a Footsie 250 stock, so it does have its fans. And those fans have been making good money recently.

30 minutes ago | By HotStockRockets |

Bluebird Merchant good news from the land of the dog eaters: buy

Bluebird Merchant Ventures (BMV) has announced that work is now underway to open up three entrances to the mine at Gubong in South Korea. The target entrances were found using Ground Penetrating Radar, chatting to the locals and from historical information on what was once the country's second biggest gold mine.