Hot share tips and all the big AIM exposes from the City's most-connected reporters
I start this podcast with an absolutely dire warning on property as an asset class. Malcolm Stacey is wrong just look at the most recent Begbies data and think about it long and hard. Then I continue my series on AIM fraud. A to E is HERE. F to J is HERE and today I look at K to O covering Kevin Ashton, Lawyer's Letters, Minmet and Mike Walters, New World Oil & Gas and Odey Asset Management. I stress Odey is not a fraud but I'm making a general point about fund managers. My Scrooge article I mentioned is HERE. The next part of this series is P to T - any suggestions for what Q and T might cover?
An eagle eyed reader points out that Cloudtag (CTAG) Moron Hayley Whittaker and her pea brained twin sister the Quindell (QPP) Moron Kate have yet more semi naked photos posted on line. Given how their investments are doing I remain keen to support their modelling careers so am happy to bring you more action pics. Meanwhile to last week's BB Moron of the week contest sponsored by Hayley. There were lots of entrants as you can see HERE but the winner and the new photos are below.
Other than a few months around the start of the year, we are now seeing silver back at its lowest levels since mid-2009, and I can see a strong bounce coming soon.
Business recovery and property services group Begbies Traynor (BEG) has announced results for its half-year ended 31st October 2016 and that “for the year as a whole, we anticipate growth in earnings, in line with expectations”.
Shares in AIM-listed Vislink (VLK) have had a roller-coaster couple of years. They started 2015 at around 41p, raced ahead to 60p by mid-year (2015) but now languish at just 12.625p as at last week’s close. Having been tipped by Steve Moore in the ShareProphets 2015 Christmas tipfest as well as making an appearance on the Nifty Fifty courtesy of Steve and Tom Winnifrith did it all go wrong for the duo? Er, no. As the old saying goes, “when the facts change”….
No-one quite got the exact answer I was looking for which explained why the Hindenberg was the odd one out in the four images below. The wrong answers are here.
Naturally a headline about Rivington going bust grabbed my eye. Rivington was the firm I founded but which went bust two years after I left after all its businesses were asset stripped by others. But natch go ahead and blame me. But this is a different Rivington although no doubt Aiden Earley and the Bulletin Board Morons will also try to pin the demise of Rivington Biscuits on me too.
With Mercom Capital’s (MCC) share price rising ever higher in recent weeks, I felt it merited an update from my last piece in October as the situation is getting ever stranger and I suggest care needs to be taken from here.
Post Fed meeting, the freefall in gold and gold stocks continues. It’s a perverse characteristic of investing that the narrative gets better as the market gets worse. Rick Rule believes that a 35-40% decline in gold stocks makes them 35-40% more attractive. The legendary boss at Sprott explains why in a special video with Palisade Capital.
Unbelievably, it’s very rare for AIM to actually issue a disciplinary notice but one came out last Thursday. Unfortunately it was anonymous although it is still worth taking a closer look and we may as well try and have a guess if nothing else.
The week that follows Christmas Day is the slowest of the year on ShareProphets reader views - but we'll still be here. The two weeks before Christmas always seem to be some of the highest rated weeks. I don't know whether is some sort of reality avoidance action or ShareProphets readers are actual embodiments of Scrooge - a personal hero on Tom's as he has explained today HERE.
Who else but Hayley Whittaker could be the sponsor of this week's contest? The prize is a night out with homophobic Cloudtag cheerleader Greg Brittan at the Admiral Duncan on Old Compton Street. To win simply post the most inane comment you can find about shares on either Twitter or on a Bulletin Board. The deadline for entries is midnight on Saturday 17th December. Post your entries in the comments section below.
I start with the kerfuffle over Aiden Earley of Worthington (WRN) infamy. I described earlier how he has libelled me but is threatening me with legal action. He has lost the plot and I am now talking to my lawyer about dealing with this irritant proactively as I explain in the podcast. Then I discuss why it is better to travel than to arrive and a Red Flag that links Sefton (SER) and Cloudtag (CTAG)
In order to see if the claimed technology of Cloudtag (CTAG) as part of its rebrand relaunch holds water I went to an expert. In terms of "the pitch" this is what he writes:
On 11 December 2015, Cloudtag (CTAG) proudly announced in a RNS that Jessie Pavelka was being appointed as its Global Brand Ambassador and stated:
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Yesterday, in the late afteroon, Worthington (WRN) promoter Aiden Earley emailed to say that as a result of a bearcast of 4 December he was taking legal action against me. Having relistened to that bearcast HERE he was talking cock. But that was just a pretence, for earlier that day Earley had launched a fantastic website threatening to destroy me which has delighted Bulletin Board morons who invest in frauds. Here are some of the cracking tweets I have received:
Petropavlovsk (POG) has announced results of its adverse weather-induced (are you reading Al Gore?) impact assessment at Andreevskaya East – with both negative and positive outcomes.
AIM listed fraud Cloudtag (CTAG) has unveiled the rebrand of its product which may or may not exist and which despite being first launched almost a year ago has generated sales of exactly 0. That this has excited the moronic shareholders of this company as the followed the countdown clock on the company's website says everything about the pea-brained fools,
Nine share tips tips, defending Churchill, and not missing Nigel Wray. And much more...
If it was not ouzo o'clock at the Sheriff's Greek bolt-hole after the Servision (SEV) debacle it sure is now after UK Oil & Gas (UKOG) fessed up to disastrous news from Broadford Bridge. We bear have been utterly vindicated but there is far worse to come for the morons who thought they knew better - the shares have slumped to 1.9p but they will now inevitably fall to as low as 0.5p in the coming weeks.
As I write shares in AA Group (AA.) are down by 23% at 89p and you will never gbuess which high profile fund manager is a major holder, largely for the dividend income. Yup you got it, its Neil Woodford and yes the dividend is being slashed.
You may say that fundamentals don't matter on the AIM casino. In the short run you are right - sentiment drives share prices. But in due course fundamentals always out and that inherent valuation mismatch is your opportunity to buy cheap, unloved, stock or to short over-promoted crap. And that brings us to UK Oil & Gas (UKOG), now just 1.375p after yesterday's disastrous news from Broadford Bridge. So what is it really worth?
Once again Waseem Shakoor has been vindicated and those morons who ignored his sensible analysis and attacked him have done their conkers. Waseem stays short of UK Oil & Gas (UKOG) and his tweets over the past 24 hours ( starting with the most recent) explain why. I think his analysis of where next is very similar to mine of earlier. Over to the great man...
"CEO Gidon Tahan, ex broker Beaufort Securities, Auditors Hays Macintyre, PR himbo Christian Taylor Wilkinson, lacky Nomad Nick Athanas of Allenby, financiers Yorkville, the Bulletin Board Morons we have beaten them all, we have beaten them all!). Servision, can you hear me? Servision ... your boys took a hell of a beating! Your boys took a hell of a beating!"
"I am tomorrow, or some future day, what I establish today. I am today what I established yesterday or some previous day." So said the great Irish author James Joyce. But the question for lackey Nomad James Joyce at WH Ireland is whether his client UK Oil & Gas (UKOG) has a tomorrow, has a future day at all? A statement is needed now to clarify the financial position of his client.
Premaitha Health (NIPT) has announced an exclusive partner agreement to offer the IONA non-invasive prenatal test across Egypt and a first Egyptian customer…
Just when I was losing hope that my insights into the world of frilly curtains and related were proving next to useless, my old pal Dunelm (DNLM) loses another senior executive! To be fair the news that 'Keith Down, its Chief Financial Officer, has informed the Board that he will step down in June to take up a role closer to his family home' is not as shocking as the CEO resignation I talked about in my last piece about the 'UK leading homewares retailer' but the executive revolving door is continuing apace...and has helped push the shares back down to the level I first wrote about them at last August.
Last October I talked positively about Lloyds Banking Group (LLOY) versus one of its challenger peers, noting:
Hello, Share Surfers. Ever since my fellow scribe, Cynical Bear recommended Biome (BIOM) I’ve kept a close eye on the share. I also had a punt after reading the article and am now sitting on a gain sneaking up on 40%.
KEFI Minerals (KEFI) has updated that its “activities have been unaffected as regards its daily interface with the various government agencies and with the community at Tulu Kapi” following the Ethiopian Prime Minister’s recent resignation and the concurrently announced State of Emergency - and that it “believes its finance plans remain unaffected”…
Digital retail technology and enterprise software group Sanderson (SND) has updated on trading and that it has “a good level of confidence that the group will make continued progress in the current financial year ending 30 September 2018”…
Shares in traffic and rail software and services provider Tracsis (TRCS) have recently fallen back below 500p, but are currently rebounding on the back of a Trading Update…
Previously updating, we noted HaiKe Chemical Group (HAIK) potentially in the 'geong, geong' stage. There has since been developments - and what does the 'Filthy Forty' look like now?...
Corporate and public sector interiors company Havelock Europa (HVE) “is pleased to announce an agreement in principle to secure additional funding for the company. The company also provides an update on trading in respect of the year ended 31 December 2017”…
Previously writing on energy services company Flowgroup (FLOW) in December I concluded there looks much to do, including noting potential working capital support required. There’s now a Funding Facility and Related Party Transaction announcement…
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