If anyone from Jim Mellon's organisation wishes to visit UK Investor Show we give them admittance. But Jim's minions are desperate to stop us from seeing what a shambles and disaster his event yesterday has become. While Mellon's henchmen stopped Darren Atwater from attending we got another photographer in and what she produced shows why Mellon is so desperate to hide the ghastly truth about his heavily loss making event.
Amerisur Resources (AMER) has certainly failed to live up to the expectations of its investors and the share price has been in a downward spiral for several years now.
It's been an ongoing trope on this site to note when mainstream media ties itself into knots trying to avoid mentioning the word ShareProphets. Instead, they tend to refer to our dozen writers as a 'blogger' or, in more convoluted cases, as 'an Italian newspaper.' But finally! We have a brave newspaper, the Western Telegraph, in Haverfordwest has referred to our name in full. No wonder that they were named the best weekly newspaper in Wales.
The market was remarkably sanguine about the operational update served up by Telit (TCM) this week and at 160p the shares remain a compelling sell.
A Trading Update from Veltyco Group (VLTY) a few weeks ago noted, following continued “strong” trading in December, results “significantly ahead of market expectations”. However, having exceeded 100p last year, the shares are currently available at 89p to buy and this looks to represent an opportunity ahead of April-expected results. BUY at 89p with a target to sell of 125p.
Sorry it is rugby day. C'mon Ireland. As you can see Joshua is getting himself ready...
This morning, on such a snowy day, I was thinking how nice it would be to go somewhere quiet and sit, read the paper, and drink my coffee without being bothered by people. As it happens, I live just down the street from the Business Design Centre in Islingtion, and it is Master Investor day, so that would fit my plan perfectly.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
I just can’t help fearing for AIM-listed Cloudbuy (CBUY) and its shareholders. Here we are heading for two years after a £5.75 million rescue refinancing by Mr Roberto Sella and now post a further rescue refinancing last December (another £3.5 million committed, of which £1.7 million has been drawn) and I still wonder if the company will ever make any money. Yesterday morning we had its FY17 numbers: they are not as awful as the last lot, but it still look pretty bad.
Hello, Share Walkers. Anyone not subscribing the measly £5.99 a month to reap all the trading advantages of this beautiful website is probably taking an unacceptable risk. Especially at this time of year, when you still have a chance to sell your losers to cut your capital gains bill.
Value investing is how you make money from shares. Any other approach is not investing but speculating and is, by definition, hit and miss. So do you want to know what Britain's leading value investors are thinking and what shares they are buying and selling? Today's special opportunity is.... Three great value investors will be on stage together discussing how they select stocks and what they are buying and selling at the Global Group UK Investor Show in London on April 21. They are: Paul Scott, Britain's top share blogger, Nigel Wray, the man known as Britain's Buffett, and Dr Paul Jourdan the boss at the hugely successful Amati fund management operation.
A 1:30pm “Re: Contract” announcement from transport technology company 21st Century (C21). A cause for concern?...
The short list is Conviviality (SVR), Clear Leisure (CLP) and Graphene Nanochem (GRPH). I discuss all three but also UK Oil & Gas (UKOG) where the deafening silence is a very bad sign. I consider Sir Patrick's Day tomorrow and how Joshua and I will celebrate and I look at Mothercare (MTC), retail gloom, Mitie (MTO) and the double standards of the great and the good. Make sure you get your free ticket to UK Investor on April 21 using the promotional code WINNIFRITH when booking an investor class seat HERE - if only to hear a live 40 minute bearcast with myself & Paul Scott being recorded!
I’ve been warning on OneView Group (ONEV) since it went from “remains confident” in September 2016 to “likely to be below market expectations” the following month! The shares had then been hit to below 4p… But they’re now circa 12p aren’t they? A September 2017 10-to-1 share consolidation though needs to be factored in - and today there’s a 10:21am Short Term Loan Facility announcement…
Previously writing on specialist staffing company SThree (STHR) I concluded it may be relatively well placed, but macro concerns saw me cautious on the shares. Today a Q1 Trading Update…
After recent events if Conviviality (CVR) boss Diana Hunter told me that 2 + 2 =4 I would ask her to provide credible third party verification before accepting her at her word. So today, with the shares suspended pending clarification following the "discovery" that £30 million of tax was due by month end, MS Hunter has updated poor investors and it seems everyone loves the company. What bollocks. Here are Ms Hunter's words with a ShareProphets translation service in bold.
Under promise and over deliver is what every adviser tells every company listing on AIM. One might say that Ariana (AAU) has not kept to that script with perfection since it listed all those years ago back in the black and white era. But as we move though 2018 with the 50% owned Red Rabbit mine now operational Ariana is doing what it should as we saw in a cracking operational update this week.
Anyone foolish enough to be a shareholder in AIM-China play Haike Chemical (HAIK) has until 1pm today to accept an offer for their shares at 30p. An EGM on 12 March passed resolutions to delist from the Casino, the execution scheduled for close of play on 19 March.
Once again Tim Martin, the boss of JD Wetherspoon (JDW) is my hero of the day using the occasion of half year results to lay into big business and the lying liberal deadwood press for misleading us all about Brexit. The great man opines:
My second tip of the year, AIM-listed Bowleven (BLVN), announced on Tuesday that major shareholder Crown Ocean has once again been upping its stake – it now holds 29.03% of the equity. I took the cue and did the same (though not 29%!). Crown Ocean is, of course, the shareholder which rocked the boat last year and forced out the old board by calling two EGMs and supported the new fellas as they proposed to turn the company into a holding company with rather lower costs.
Nine share tips, giving in a tax-efficient way, don't count Trump out. And much more...
I do hope that the FCA and the "Independent" directors at Woodford Patient Capital Trust (WPCT) look into this matter with some urgency as we appear to have evidence today, thanks to Oxford Nanopore, that Neil Woodford funds have been stating their NAV in an unnacceptably aggressive manner. And that is the most generous spin on what has gone on.
Is this photo fake? I believe that it is genuine but do not know for sure. But it is starting to do the rounds on the interweb and appears to show drilling equipment being removed from the UK Oil & Gas (UKOG) site at Broadford Bridge. I would assume it is moving, with the goalposts, to Horse Hill.
IQE (IQE) the manufacturer of wafers which pretends that it is the next ARM and is the darling of Bulletin Board Morons, brokers looking to earn 5% on the next placing so writing ramptastic research reports today, avid broker report reader Paul Scott and our own Malcolm Stacey, has served up results for calendar 2017 which will please everybody.
In today's podcast I start with a digression about driving to Greece given the day's good news about the hovel HERE. But I have a serious point about residual values of cars, ref BCA Marketplace (BCA), Northgate (NTG) and others. I then look at Falcon Media (FAL) and its boss who I accuse of fraud and think should go to jail. Then it is on to Milestone (MSG) - told y'all!!!! - Ferrum Crescent (FCR), De La Rue (DLR), and Amur Minerals (AMC). I have a pop at an Ulster born bimbo on BBC Business over Brexit and then discuss Neil Woodford where Roger Lawson defends the indefensible after today's shocking revelations. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH
In days gone by Britain's most conceited fund manager Neil Woodford would have noted how shares in Purplebricks (PURP) have slumped from 440p to c300p in just over three weeks and because Nomates always knows better than the market he would have topped up his holdings. But cash is a tad tight for Neil so he has not done so yet. Maybe he will indeed extend his fund's overdraft and catch another knife? But why are the shares tanking. I suggest you ask RICS.
At 10.38 AM today I published a photo showing that UK Oil & Gas (UKOG) was clearly stopping drilling at Broadford Bridge. The company should have issued an RNS this morning to say this was happening but what does Lyin' Steve Sanderson care about timely disclosure of price sensitive information?
Time to check in with my favoured UK energy and related sector play Wood Group (WG.) which, some of you may recall, I named as one of my tips of the year for 2018. The rationale was basically twofold. First, higher energy prices naturally improve the environment for most corporate names servicing the sector. Meanwhile second, the company had significant self-help sourced from the synergies it could gain from its increasingly timely looking acquisition of Amec FosterWheeler. Beefing up exposure and market share as a sector is coming off the bottom is typically a good probability way to create shareholder value. So how is it getting on?
It is one month exactly to UK Investor Show. Book your seats today! In today's podcast I comment on retail generally but also on any company that says that it is talking to its banks and that they are "supportive." I look in detail at yesterday's results from Eden Research (EDEN). Would you Adam & Eve it? There's lots of snakes in that garden. I look at the request for an EGM of Pathfinder Minerals (PFP) to out useless Nick Trew and NED Toff Tory Sir Henry Bellingham MP of 3DM infamy. Sir Henry I have a score to settle and I have a warning for you about what I plan. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH
My son Joshua has stumbled across this shocking video which he tells me is the training video that Steve Sanderson of Uk Oil & Gas (UKOG) uses to help him persuade Bulletin Board Morons to buy into the story at Broadford Bridge and Horse Hill. You can now see from where Lyin' Steve gets his inspiration when it comes to "investor relations" ...enjoy
FinnCap likes to tell us that it is one of London's leading Nomad's. Okay lets overlook the Silverdell scandal where it insisted that it did nothing wrong as the company misled investors who then lost all their money but how about Constellation Healthcare? This may be off your radar as this company delisted from AIM in January 2017. But this is a massive scandal.
It’s clearly one of those weeks where chickens (or falcons) come home to roost as the wheels have well and truly come off at Falcon Media House (FAL) this week and it looks like the inevitable is starting, only two years after I started warning about it HERE.
Hat tip to The Times for running part of this story on Monday but considering I’ve been warning about the Baron Bloom / Oli Fattal property venture, Etaireia Investments (NEX:ETIP) for two years (HERE), I thought I’d join in the fun as Baron Bloom has fallen foul of one of Sam Antar’s ‘three exes”, namely his, soon-to-be, ex-wife who has been spilling the unseemly beans in their divorce case. Bloom has been called out as a total fraudster and has stepped down from Etaireia as a result.
The stock market is of course the best soap opera in the world and today's episode has a distinct retail focus and stars comedy profit warnings, hedge fund bailouts, inevitably the banks and well paid CEOs working very hard...to earn less money. Given the structural shifts online, suppressed consumer spending capabilities and everything else we should not really be that surprised.
“CloudCall (AIM: CALL), a leading cloud-based software business that integrates communications functionality into Customer Relationship Management platforms, is pleased to announce its audited full year results for the year ended 31 December 2017”. The shares have though responded currently more than 6% lower, towards 165p…
Hello, Share Snafflers. So IQE’s (IQE) full-year results are out and once again they fail to electrify the City. This led to a full analysis of the new numbers by a sceptical Uncle Tom. As you’d expect, this investigation is fiercely penetrative. And once again, we owners of the stock are frightened to death by what Tom says.
Green & Smart (GSH) a biogas company from Malaysia is the sort of dog with fleas that has helped to make the AIM Casino the world's most successful growth market. In second place is the Upper Volta bitcoin exchange. Announcements over the past few days are a scandal but, as ever, no heads will roll.
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