I am in a bad mood because a) baby with no name is screaming a lot and I am tired and b) some little shit for brains round at Beaufort Securities was slagging me off to a client today. This little turd of little brain turned out to have his facts wrong and so I am now officially on the warpath and, hence, go through today's morning note from Belfort and dissect its utterly 100% shite research on Strat Aero (AERO), Advanced Oncotherapy (AVO) and Servision (SEV). I also look at Audioboom (BOOM) and Kodal Minerals (KOD).
On a 240p per share recommended takeover of Journey Group (JNY), I recently concluded that the offer was not attractive but that Harwood Capital looked to be in a strong position to, unfortunately, win the day. A Court Meeting to approve the takeover was held earlier today and…
We have been asked a few questions about Optibiotix (OPTI), none wildly important and so let's wrap them up into one article, in Q&A format.
Another filthy forty company has officially gone bust. Eastbridge Investments (EBIV), a company that was promising an RTO until just a couple of months ago has gone tits up. Its official. But will anybody ask any questions of those responsible. Let's name the guilty men. First the news of corporate death.
The UK's economic growth for the second quarter has been revised upwards by the Office for National Statistics to 0.7%, from a previous estimate of 0.6% as the ONS said service sector growth and consumer spending had come in stronger than previously thought. Brexit?
On 5th August Rob Proctor, CEO of spoken word audio platform Audioboom (BOOM), was “pleased to report that Audioboom has made further tangible progress in H1 2016, growing revenue, securing significant new content partners and further broadening its geographic distribution”. However, the financials showed it was cash crunch ahoy. Less than an hour later it was placing ahoy and there is now a “Strategic investment discussions update”…
We tipped these shares at a 12p offer - they are now 19.5p-21p but hang on tight. We aim to be selling at 25p+ very soon. But before then an urgent reminder for long term holders: warrants! Deadline 6 October.
Hello Share Zappers. If you’ve had the misfortune to buy a new part for your boiler after your central heating failed to re-start this Autumn, you’ll know that bits and pieces of the plumber's trade can be quite pricey these golden days. I bet the makers of these essential things have quite a high margin of profit. After all, we know that the cost of some raw materials that make them are a lot lower than they used to be.
There are two parts to this bearcast. First I look at Government Debt and GDP over the past 8 years in the UK , France, the US and Greece and where all four are heading - it will startle those like Jeremy Corbyn, Chancellor Hammond and Malcolm Stacey who still believe in the money tree. Then I look at the great sell indicator that is a broker buy note and explain why.
On Wednesday, cash guzzling over-ramped serial non-deliverer of anything other than jam tomorrow Wandisco (WAND) announced that it had a new CFO at 7 AM. At 10.41 AM Thursday the company's founder, CEO and all round head honcho David Richards walked with immediate effect. No credible reason was given for his departure. I smell an enormous rat.
A busy day for followers of Obtala (OBT) on Friday started with interim numbers which really did not look very good. In fact bad is the word that springs to mind. In the 6 months to June 30th sales were £264,000 versus £2.16 million a year earlier and there was a loss of £2.63 million versus a profit of c£3 million. But here's the thing.
The latest missive from Sprott is, not surprisingly, bullish on gold. The key is interest rates. Over to the world's best known investor in precious metals.
Commenting on Silver Falcon’s nonsense RTO earlier (HERE), got me thinking about my old friend BOS Global (BOS) that recently completed its “Fintech” RTO and in digging around, I uncovered some comedy gold.
Our June tip of the month Avingtrans (AVG) has announced a new £9 million order over 10 years from China. years the agreement will see Metalcraft, part of Avingtrans PLC's energy and medical division, produce high integrity cryostat components for Nuclear Magnetic Resonance systems (NMR). This is good news.
It’s no great surprise to me that Sub-Standard Shocker XI member, Silver Falcon (SILF) called off its potential RTO with Fintech business, Lime Holdings, on Friday but it’s still worth highlighting a couple of aspects of this disappointing affair.
I see the nutters on Twitter going on about as the share price of some company or other that ShareProphets investigates continues to rise, we're obviously idiots who don't know how to do the only important thing in life - fill yer boots.
Malcolm's article today, HERE, suggests that the men in flapping white coats will be coming for him soon. He is madder than a convention of morons at the Cloudtag (CTAG) AGM. But it is all symptomatic of late stage bull market self delusion. I discuss this phenomena and give explicit advice of how to protect your wealth ahead of the shit storm that is coming. The reference to safe spaces for dippy and pathetic millennials is HERE.
Pacific Tycoon spent a fortune promoting its ponzi scheme promising sky high returns on investing in shipping freight containers in Asia. Being a ponzi it needed fresh suckers to pay dividends to older investors and to allow those behind this con to steal vast amounts of money. We called this as a con years ago and received demands from Pacific that we withdraw our articles on these criminals. Natch we told Pacific to fuck off.
Well, all of the remaining ShareProphets AIM-China Filthy Forty got their numbers out yesterday - with the exception, of course, of the now suspended MoneySwap (SWAP) and Asian Citrus (ACHL) whose auditor is taking a rather close look at the bank accounts. The ouzo will have to wait, but the pop-corn went down well anyway. Included in the last-minute Charlies was Taihua (TAIH) and a rather large looking Red Flag is to be found here. Let me explain….
At 2.30 PM on deadline day, Friday, disgraced insurance outfit Gable (GAH) published its results for the six months ended 30 June 2016 and they were true to recent form - that is to say total Turkish. William Dewsall, Chief Executive commenting on the results stated the horseshit spin, our ShareProphets translation is in bold.
This is not the news we Premaitha (NIPT) shareholders wanted and it is clearly bad news. The question is how bad? The UK High Court has upheld three patent claims made by Illumina against Premaitha.
Yesterday I exposed how fantastist Chris Oil was buying bogus bot twitter followers on an industrial scale to make it look as if folks really cared about what he tweeted. He or someone close to him has responded in predictable fashion.
There were those, such as our own Drunken Sailor, who argued that UK Oil & Gas (UKOG) could manage to absorb the rolling short of a £10 million death spiral announced last week quite easily and it would not hit the share price. The evidence with just 5% of the spiral drawn suggests otherwise and this makes the stock a slam dunk short.
I am rather disappointed in the management of the UK's leading independent review site AllAgents.co.uk - they have let us all down. They sought to raise £50,000 to allow them legal support against fascist lawyers letters from Purplebricks (PURP) which demanded bad reviews be taken down.
I note that yesterday AIM-listed Bowleven (BLVN) released a TR-1 RNS from Crown Ocean – the rebel shareholder which threw out the old board earlier this year. It has increased its holding (again).
The Taxpayers Alliance has produced a fascinating 51 page report explaining why so many of us are "just about managing" to quote our useless Prime Minister. In short it's hard evidence that Ronald Reagan was right when he said that the scariest words in the English language are "I'm from the Government and I'm here to help." We feel poor not because of wicked Tory austerity (fauxsterity), but because of how a bloated state has distorted the economy.
Given that I have closely followed the Serica Energy (SQZ) story here closely over the last few years, and in light of the news this week, I felt that I should give my current thoughts on it.
Apologies for the lack of a bearcast yesterday, I was just feeling tired and hacked off with the world of work. So you can have two today. I start with a look at the markets covering Greka Drilling (GDL) and related party dog Green Dragon (GDG). Then it is onto Mothercare (MTC), BCA Marketplace (BCA), On Line (ONL) and finally in some detail Westminster Group (WSG) where I wonder if the curse of Tony Baldry is about to strike.
Shares in main market-listed Interserve (IRV) have been falling today, last seen down a thumping 8.2% - quite a drop for a £106 million company when there has been no news. One wonders why.
Yosi Fait sold all his shares in Telit (TCM) AFTER it breached its banking covenants which as FD he must have known about as he must also have been aware that first half trading was way below forecast. But the company's new chairman has taken external legal guidance and said Yosi did nothing wrong and so has appointed him full time CEO. Well that's alright then. But there is yet another catastrophic profits warning ( as predicted) which begs the question of how great is debt now and will bank covenants be breached again?
Each time you have a new chancellor you soon find yourself thinking that the one before who, hitherto you had viewed as the biggest poltroon ever to hold up a red box, was in fact a towering genius. Thus I am beginning to think that Osborne - who was utterly hopeless was a giant compared to Hammond. On how to try to buy the votes of young people with taxpayers cash yesterday he was awful. His thinking about the housing market is wrong from start to finish.
Hello Share Trundlers. Today’s commendation is one of those companies that you can take pride in supporting because it’s such a jolly humanity-serving idea. And in this case, the prognosis, in my humble opinion, looks rather good.
In the gold old days the fraud MySquar (MYSQ) used to report breathlessly on average daily sales volumes - that is to say cash coming in. But - as we subsequently discovered - that was largely related party non core income and it fell off a cliff on July 1. Not that MySquar bothered to let us know about that until it had got a bailout placing away. On any other market than the AIM Casino that would be securities fraud. Heck, even on the Zimbabwe Stock Exchange you'd get your collar felt for that. But on AIM fraud is okay as long as you pay your fees. Anyhow these days MySquar serves up different bollocks.
Writing last week on Van Elle Holdings (VANL), I noted a boardroom shake-up General Meeting requisition from its founder seeking to return. Today brings a response from the company…
And there we have it. Today’s announcement of the placing at Altona Energy (ANR) to raise £735,000 at 0.5p completes a very successful, oft–repeated, operation at the lower end of AIM, namely the placing, followed by the industrial-sized ramp, followed by the placing – the “PRP”. It is worth looking at in closer detail.
Since we own some shares in Berkeley Energia (BKY) I hope that Daniel Major is right in his thesis. In this podcast hel discusses the long-term potential of uranium and why the industry needs higher prices to fill the supply gap. The short-term issues are that 75% of the industry remains near or below the cost of production. Companies currently can’t afford to replace their resource. Cameco has taken the lead in closing down one of the best mines saying that it’s cheaper to purchase uranium from the market. Cameco’s announcement was a major event for the uranium industry.
Hello, Share Chasers. It seems a while since I’ve looked at Johnson Matthey (JMAT), but considering the latest numbers - and more importantly its future prospects - I believe that the stock is worth buying.
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