Eleven days ago I updated the death list portfolio which now sees me on ten kills from 31. However I now take Wandisco (WAND) off the death list after the recent management change. We need a replacement so entrant number 32 is ...IGAS. It looks as we may need two new entrants soon given the recent news from Worthington (WRN) and the FRAUD African Potash (AFPO) but that can wait for another day.
2016 has been the most peculiar year for gold that I can remember. On the surface, 2016 has been a typical year with a gain year-to-date of 11 pct in dollar terms (31 pct in GBP terms) which is a just shade lower than its annual average gain since 2001 at 12.8 pct. What makes the past year so unusual has been the powerful reversals in buying and indeed selling behaviour from otherwise reliable sectors ... and, this is key ... not all buying is equal and it therefore explains the recent price action and the outlook. I'll explain.
We Optibiotix (OPTI) shareholders have been feeling a bit under the cosh of late as the shares weakened on a lack of news. It was just ennui among those of an impatient disposition but still it was annoying. This week's trading statement should reassure the doubters.
Finally the joke AIM company that is Mosman Oil & Gas (MSMN) has got around to posting notice of its forthcoming General Meeting at where there is just one motion - the re-election of Technical Director and the face of Mosman, Andy Carroll, to the board. This is our chance - we urge you all to vote Carroll of the board.
The Primary Bid bandwagon is gathering speed and anyone interested in AIM should register now HERE. Today's vindication of Dave Mutton and his team is from Mobile Streams (MOS) which is doing a placing and open offer at 4p - the shares w4ere 8p last night. In days gone by this would have been for bucket shops only but now you can take part too, thanks to Primary Bid.
I previously warned on rare books and collectibles group Scholium (SCHO) on the back of an October trading statement – and the shares are currently further lower, at 34p, on the back of the results announcement for the company’s half-year ended 30th September 2016…
Hello Share Pickers. Perhaps my favourite Footsie share is Ashtead (AHT). It was only recently that I brought it to your attention again. But I've thought of a few more encouraging vibes that you might like to hear about.
Though I may have pneumonia thanks to Paul Scott, I am now safely in Kalamata looking up at the mountains where I live when in Greece and the storm clouds are ominous. So back to the stockmarket I look at Finnaust (FAM), Audioboom (BOOM), Avanti Communications (TOAST), Condor Gold (CNR), Advanced Oncotherapy (AVO), Webis (WEB) and Anglesey Mining (AYM) which is spouting bullshit today as it places.
The City's number one oil analyst, Zac "the Knife" Phillips of SP Angel has a few words to say about today's lamentable trading update from Nighthawk Energy (HAWK). In short he puts the management on notice that it is now drinking in the last chance saloon. That, I think, is his way of saying you should sell the shares. The Knife writes:
The Aussie poltroons Slater & Gordon (SGH) who recklessly paid £649 million for the fraudulent businesses of Quindell has announced that it is making a claim on £53 million of that still held in an escrow account by Watchstone (WTG). Slater says that it has obtained an opinion from an independent barrister in respect of the warranties given and the escrow cash and that the brief says it has, on balance, a prospect of success. Oh dear. The only winners here will be the lawyers (other than S&G).
AIM-listed and over-indebted Igas Energy (IGAS) released a “Corporate Update” RNS this morning. It seems to say nothing we don’t already know but the ShareProphets RNS Translation Service has a few observations (original in bold).
Yesterday I pointed out that the FRAUD African Potash (AFPO) had applied to join the ISDX lobster pot as of December 8, the day its shares will be suspended on the AIM Casino if no Nomad is prepared to act for it, Cantor Fitzgerald having tired of signing off on its lies. I also pointed out that lyin' Chris Cleverley had failed to tell his shareholders. Today Potash fessed up..but it gets worse.
Loons, like our very own LGO Energy (LGO) owning fanatic Wildes, will have yesterday celebrated news that 11,200 barrels of Spanish oil which had accumulated over the summer had finally been sold. But shares in LGO still fell to just 0.11p. Here's why.
Following the strange goings-on last Friday, which I covered HERE, with the disappointingly low offer for Metal Tiger (MTR) by BMR Group (BMR), it has all come to a quick end with a couple of announcements on Monday and Tuesday this week, but surely Borelli’s position at Metal Tiger is now untenable.
If it wasn’t for the fact that plenty of small private investors will probably have lost money that they can’t afford to at this time of year, the latest RNS from Mosman Oil and Gas (MSMN) would almost have been amusing, it was so farcical!
As a climate change "denier" I have written elsewhere about how global temperatures are plunging not, as the BBC might lead you to believe, heading higher. You can see a recent article on that matter HERE. And thus Petropavlovsk (POG) serves up news from Russia which does not surprise me, but which might shock your average Guardian reader.
As a mega bear of Management Resource Solutions (MRS) from almost the moment this crock of Turkish floated on the AIM casino, its ever worsening problems make me think that at 2.23 AM at Athens airport it is almost ouzo o'clock. The latest update is just so grim.
Previously writing on boiler technology company Sabien (SNT) last month, I noted a considerable improvement in sales performance needed otherwise its funds will continue being used just to keep the lights on. The following updates with the shares currently more than 6% lower, at 3.75p, on the back of an “AGM Statement”.
Hello Share Squeezers. You have to love traditional institutions. Marks and Sparks (MKS) is certainly one of those. But apart from a purchase early on in my investing career (not far beyond the Iron Age) I have avoided the shares. Reason: I bought them at £3 plus and for most of the years ever since the share price has monkeyed about at roughly the same level.
Turner Pope is a new stockbroking firm set up by my pals "The Mitchell Brothers". If you are bored and free TONIGHT there is free booze and drink on offer and a chance to hear Jerry Randell of Venture Life ( solid business IMHO) and Giles Clarke of Kennedy Ventures who apparently thinks I don't like him. He's wrong of course, I don't know him from Adam but he seems to have a few fans.
What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips, plus what sexism at the BBC
So Carillion (CLLN) has gone tits up. You do rather feel for its 19,500 employees but as folks work out what happens next there is an orgy of recriminations. What lessons do you learn?
It only took 15 days but I have just received my first lawyer's letter of the year, via email. So here is a little quiz. Who sent the letter:
So yesterday saw Joshua go to his first proper football match - Brislington Ladies vs West Ham Ladies. A full photo report will follow later but the language from the Essex Girls in claret and blue was not very lady like. Listeners, I was shocked. On the markets I look in detail at Versarien (VRS), Greatland Gold (GGP), Velocys (VEL), RM2 (RM2) and as well as Nomates Neil Woodford I also have some Julie Meyer news, I fear that "Praise Be the Lord" may be about to send me a letter.
Whenever a relatively small oil and gas company manages to raise a substantial amount of money it gets my attention, especially when you consider what the market has been like for this sector in recent times.
A hat tip to Waseem Shakoor for the graphic below. Carillion (CLLN) went bust today. Greatland Gold (GGP) has seen its shares halve as Newmont has pulled out of a jv. So what else do folks owning these two stocks own? See below.
Andrew Monk's VSA floated AIQ on the Standard List last week. Its shares soared 1000% and were suspended. As Andrew notes, through the passive investment vehicle RRR I own shares in AIQ (about £10 worth - CORRECTION I am told it is £1841 worth!). I will try to sell the lot as the valuation is insane. But Monk wants to defend his corner so before our writers really go to town - and I am on their side - here is Monkey in his private email to clients today...
To understand why 2018 will be a catastrophe, imagine a magnificent mansion built with the finest materials and craftsmanship and furnished with the most expensive furniture, carpets and decorated with finest art. Now imagine this mansion is built on quicksand. It will have a brief shining moment and then sink slowly before finally collapsing under its own weight.
Hello, Share Pilers. Even though you must be making dollops of money from shares, given the perky Footsie, some of you are still scrimping a few quid a month, by avoiding a life-saving subscription to this magnificent website. That makes no sense, as it will help you avoid making slips which could put you back to square one again.
Last week’s flotation of AIQ (AIQ) on the LSE’s standard list raised a lot of questions. For a start there was demand for the stock, but apparently no stock available to buy: it seems the registrar had yet to send out certificates and so the shares rocketed until they were suspended. But after much digging, there appears to be rather more to the story than the listing of a bare Cayman Islands shell. Where to start?
Clearly, the whole AIQ (AIQ) IPO was a farce the way it has been handled and having also been digging around, there is more to come but I will leave it in the excellent hands of Nigel to report further on the dodginess here. I will just turn my hand to a bit of poetry inspired by Monk’s defence this morning and by recent Twitter hilarity.
I previously wrote on Carclo (CAR) in late 2016 – noting the company stating some encouragement but that credibility needed to be regained. Today a trading update for its year ending 31st March 2018 and…
Despite the scepticism previously exhibited on this stunning website, I would not be in a rush to sell shares in Versarien (VRS). Even though yesterday’s leap was approaching 35%. That’s normally a signal for this old punter to trouser the profits. But this is one of those mystery shares which could go either way, and I don’t welcome the pain of maybe selling too quickly.
Investors who believed all the hype surrounding Greatland Gold (GGP) received a nasty shock this week when the share price collapsed, but for many of us who have been around the market for a while it didn’t really come as much of a surprise.
North of the Border, www.scottishhousemove.co.uk is going after Purplebricks (PURP) big time. Its homepage boasts thatr it will undercut Purplebricks by £750 and carries a stream of dismal reviews from allagents.co.uk for its larger rival. Then it really goes on the attack as you can see below.
Having taken a look at the prospectus for the flotation of AIQ (AIQ) on the Standard list in part 1 we now move on to Mama Captain, Barrel2U, Mama Harbour and iBuddee. These outfits have faced allegations of being ponzi/MLM (multi-level marketing)/pyramid/money game schemes.
There's been an accelerated bookbuild which has seen Adam Reynolds and a number of close allies place out all their stock in React PLC (REAT). The shares we own were not placed out. We will only sell after advising you to do so.
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