ShareProphets

Wednesday 23 August 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


14 May 2017, 15:44 | By ShareProphets |

How Will The UK General Election Affect Your Shares?

The starting gun on the next general election has been fired so unexpectedly that the report has been felt throughout the country. But the first tangible response was a swift rally in the pound, putting pressure on the UK stock market.

14 May 2017, 09:55 | By Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by the AIM listed slam dunk proved FRAUD Eden

This week's sponsor, Eden Research (EDEN), has much to offer the thinking investor. Well that is if you like investing in proven frauds that wil never generate a cent of free cashflow without resorting to the panama pump.

14 May 2017, 09:55 | By Cynical Bear |

CloudTag – Some great news, Amit Ben-Haim is all yours now

Having punched a bit under the belt yesterday with a dig at potential insolvency at the UK subsidiary, I thought I would bring some great news to CloudTag (CTAG) shareholders. Amit Ben-Haim appears to have seen the error of his ways and ditched all other directorships so that he can now solely focus on generating shareholder value at CloudTag. Can’t think of any other explanation….

14 May 2017, 09:54 | By Tom Winnifrith |

Quindell fraudster Rob Terry - is he personally on the hook for £50 million as Slater & Gordon sues? If there's a God...

More details of how Aussie poltroons Slater & Gordon (SGH) is suing Watchstone (WTG), Quenron (QPP) as was, for £600 million have emerged in the Aussie press. And for Britain's biggest fraudster of the past 30 years, already under SFO investigation, it is not good news. And top of the morning it is to you Robert Simon Terry.

14 May 2017, 09:50 | By Lucian Miers |

Sell Petro Matad Before the Death Spiral Picks up Speed

It is extremely rare for companies to resort to death spiral financing without serious damage to their share price (Gulf Keystone pulled it off a few years ago, but it really doesn’t happen often). Mongolian oil explorer Petro Matad (MATD) is unlikely to be an exception to this rule.

14 May 2017, 09:43 | By Steve Moore & Tom Winnifrith |

Andrews Sykes – 2016 results, dividend yield remains attractive despite share price rise

Andrews Sykes (ASY), a 380p offer price November share tip, has announced results for the 2016 calendar year and that it is “cautiously optimistic for further success in 2017”

14 May 2017, 09:29 | By Nigel Somerville, the Deputy Sheriff of AIM |

Stuttard’s Septic Seven May update: another one bites the dust (Taihua 'where’s the website gone now' plc)

Marcus Stuttard, head of AIM and the oxymorons of AIM Regulation, had a specially selected and beautifully diversified portfolio of AIM stocks chosen by ShareProphets back at the end of last September so that he could demonstrate his faith in the regulatory set-up of the market he runs. Naturally, there was nothing at all wrong with any of the companies picked: they were all trading on the Casino as normal, so we were just plain wrong to be Red Flagging them all for one reason or another.  We were just so, so wrong that……

14 May 2017, 09:23 | By Tom Winnifrith |

Eden Research - a Second Request to the FRC to investigate its fraudulent accounts

I asked my very good pals at the Financial Reporting Council, who we know are major fans of my work, to look into the fraudulent accounts of Eden Research (EDEN) for 2011, 2012, 2013, 2014 and 2015 on February 17 2016. Okay 2015 accounts were not out at that point but I was sure they would be fraudulent - they were. Now 2016 accounts for Terpenetech are out we have it again confirmed that the 2015 accounts were crook and 2016 accounts - due within days - will almost certainly be fraudulent. So I have written to the FRC again. The letter follows.

14 May 2017, 09:20 | By ShareProphets |

Gold & Silver To End the Year on an Upswing

There were spectacular gains in gold and silver last year and that has affected people’s expectations since most of those gains have now been given up. In the near term we will likely test support at $16 silver and $1200 for gold - that is the warning from gold guru Brad Cooke. But... The Fed has set a course of quarterly rate increases that is faster than economic growth which is a formula for stagflation and recession, when this happens investors holding gold and silver investments will do well.

14 May 2017, 09:20 | By Loony Remoaner Darren Atwater |

Notes from Underground: In the year 2117, if man is still alive...

Well, the first non-Tom article is by me, at a lofty #4: Leavers are either nuts or hiding what they're really on about. There, I said it. To be honest, I still haven't received a satisfying answer in the comments.

13 May 2017, 09:44 | By Cynical Bear |

CloudTag – Oh dear, Massimo has turned up with his scythe: the end is nigh!

Despite the nonsense spouted by AberdeenMan, Mr Selfridge and BrokerMan1 on LSE about CloudTag (CTAG) and its bright prospects, confirmation that the end is nigh has reached Companies House with the CEO, Amit Ben-Haim, stepping off the board of CloudTag’s UK subsidiary and being replaced by the Grim Reaper himself, Massimo Ventimiglia.

13 May 2017, 09:43 | By HotStockRockets |

Premaitha - puts Swiss distributor Genoma into bankruptcy: BUY

The issue with Genoma was flagged up in the interims pre-Christmas. It owes Premaitha (NIPT) £750,000. That debt looks like a bad debt because the Swiss company has - despite its parent company concluding a fundraise - been having financial issues. So Premaitha has gone to court and had Genoma made bankrupt.

13 May 2017, 09:42 | By Darren Atwater |

13 May 2017, 09:24 | By Tom Winnifrith & Steve Moore |

Symphony Environmental - very bullish AGM statement: hang on, hang on

We are now way ahead on this share tip which was at a 6.75p offer. The shares are now 15.25p-16p on the back of a very bullish trading statement. But before you think about taking profits on Symphony Environmental (SYM) remember that the market cap is still just £23.6 million.

13 May 2017, 09:22 | By Cynical Bear |

Frontier Smart Technologies – you’re not seeing things, I reckon this is a strong BUY

I spend most of my time being critical of companies that issue RNS’s containing half-truths, exaggerations or are just an opaque mess. However, a week ago, I read an RNS which impressed me for being just the opposite. It persuaded me to do further research which has led to this very rare beast – a buy tip….for Frontier Smart Technologies (FST).

13 May 2017, 09:15 | By ShareProphets |

Table of shorted AIM shares - week to 12/05/2017

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...

13 May 2017, 09:14 | By Tom Winnifrith & Steve Moore |

Stanley Gibbons - a curate's egg update

Stanley Gibbons (SGI) “is pleased to announce the sale of a major part of its Interiors division and to provide an update on its current trading and the restructuring”

13 May 2017, 09:12 | By Malcolm Stacey |

Don't Be Glum, Chum. When the Market Crashes You Can Still Taste the Jam

Hello Share Pinkers. As the markets are closed, I thought I might do a weekend piece to encourage you to carry on trading once the doors open again. We are constantly reminded on this legendary website that shares are overvalued and about to crumble. I don’t doubt it, though I’m fairly convinced the bull run has some months to go yet.

12 May 2017, 14:49 | By Steve Moore |

BowLeven – “Corporate Update and Award of Options”. Hmmm…

Following boardroom change, BowLeven (BLVN) “is pleased to announce an update on progress with the company's strategic efficiency programme and on the current status of its existing assets. The company also announces the adoption of a Transformation Incentive Plan designed to align employees' interests with the company's longer term strategic objectives”. Hmmm…

9 hours 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.

3 days 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.

7 days ago | By Malcolm Stacey |

A Super Sewer, A Swish Station and a Big Bridge. Balfour Beatty is on a Roll

Hello Share Scraggers. Infrastructure is a buzz word at the mo. Companies which supply it (if that’s the right word) are seeing their share prices rise. You’ll recall that Big Donald climbed into power by saying he would spend a lot more on roads and other public projects in the USA. Not to mention that laughable Mexican wall. And Blighty’s government has also said it will be spending more on infrastructure.

7 days ago | By Tom Winnifrith |

I will make this simple enough that even Bushveld shareholders can understand it

I'd like to start a competition to find the AIM shareholder list with the lowest average IQ. I am beginning to think that it may well be that of Bushveld Minerals (BMN). Sure its shares are up by 400% since the pump and dump of last fall (exposed HERE) and they may rise again on the latest pump and dump of yesterday (HERE) but folks need to be aware that a placing is a slam dunk cert. Oh no, say some very stupid people.

7 days ago | By Tom Winnifrith, The Sheriff of AIM |

Andalas Energy: Open letter to FCA & AIM Regulation - Market Abuse & Breach of AIM Rules

I am deeply troubled by events at AIM uber dog Andalas Energy (ADL) on Monday afternoon. This is a company that has form when it comes to breaking AIM Casino Rules but on this occasion it is the advisers at Cantor Fitzgerald, whose actions have alreday cost some folks 50% of their money, who should be hung, drawn and quartered. Sadly we have gone soft on crime but at least they should be clobbered by the FCA for market abuse and AIM Regulation for breaching AIM rules. I have sent a letter.

7 days ago | By HotStockRockets |

Optibiotix - we buy more shares for first time in two years, price is just wrong

Thanks for all the emails on Optibiotix (OPTI). We understand seeing the shares slide back to 53p odd is alarming. To one or two of you, there is no need for such language! To the rest of you here goes.

7 days ago | By Tom Winnifrith, The Sheriff of AIM |

AIM Dog Servision: another warning and it is death spiral and dilution frenzy ahead

When serving up god-awful FY numbers on deadline day ( June 30th) it was shown that uber dog Servision (SEV) had serially misled investors and indeed told outright lies over the prior half year. Rover also served up its second profits warning in two weeks with the god-awful numbers and 'fessed up "Our working capital position is tighter than we anticipated" - I should cocoa. Today it got worse.

6 days ago | 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.

6 days ago | 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…

6 days ago | By Steve Moore |

Idox – acquisition aids a rating which is “highly attractive”… Or is it?

Having reached more than 75p in May, shares in information management technology and services company Idox (IDOX) declined below 60p early last month before recovering above 65p - then declining towards 60p again. The company is now “pleased to announce that it has acquired… Halarose, a supplier of electoral back office software and services to UK local authorities, for £5.0 million, comprising £3.5 million in cash and £1.5 million in shares” (at 61.5p)…

6 days ago | 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

6 days ago | 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?...

6 days ago | 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.

6 days ago | 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.

6 days ago | 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.

9 hours 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.

9 hours ago | By ShareProphets |

6 tips, the one gold share that all must own, and six reasons why the stock market may crash in 2017 - The August edition of the UK Investor Show magazine is now live

The August edition of the UK Investor Show Magazine is live featuring six share tips, the one gold share that all must own, and six reasons why the stock market may crash in 2017 and much more.

2 days ago | By Steve Moore |

Provident Financial – calamitous “Trading Statement”, shares plunge, another nightmare for Neil Woodford

Earlier this month in Neil Woodford - how long before The Deadwood Press admits that he does not walk on water?, Tom noted a bad record – recently including Provident Financial (PFG). The Mail on Sunday had written “the FTSE 250 doorstep lender whose profits halved after it struggled to move to a new operating model” - the struggles have got considerably worse…

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

Arrogant bastard Nomates Neil Woodford explains his latest disaster Provident Financial

Showing not an ounce of humility, the fund manager who seems to have at least three high profile disasters as week, Neil Woodford has posted a comment on his group's blog explaining why Provident Financial (PFG) shares are cheap after yesterday's disastrous warning. But before you rush out to buy it is worth noting that after the last warning (in June) Nomates Neil posted another blog. Nomates had chatted at length to management, he understood the score, the market was wrong and Nomnates had bought a stack more shares. There seems to be a pattern here.

2 days ago | By Cynical Bear |

Sphere Medical – Yet another Woodford debacle: it’s all becoming a bit too common

When Neil Woodford launched his Patient Capital Trust (WCPT) to much fanfare in 2015, everyone waited expectantly to see how he would start spending the £800 million war chest and so one had high hopes in April 2015 with the announcement of the first investment for the fund, namely a £4 million investment in an exciting quoted biotech play, Sphere Medial Holdings (SPHR). As an announcement last night showed, it has been as successful (or not) as one of his other uber-dogs RM2 International (RM2).

1 day ago | By Tom Winnifrith, The Sheriff of AIM |

A Broker warns you on Bushveld... they do it with mirrors

Once again I return to the subject of the company on AIM with the stupidest bunch of shareholders. The auditors of Bushveld Minerals (BMN) have stated explicitly that the company needs to raise fresh equity to avoid going tits up but shareholders respond by saying "how often have auditors got it wrong?" and a range of other excuses. They just do not get it at all, it is placing ahoy. Now the company has news today which the morons who own this stock seem to think is good. Ina private email this morning a top City broker put it thus:

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

New Bulletin Board Moron of the Week contest - sponsored by the AIM casino, the world's most successful growth market

This week's Bulletin Board Moron contest is sponsored by the AIM Markets, the world's most successful growth market, now only slightly smaller than it was last year.

12 hours ago | By HotStockRockets |

Optibiotix extends Sacco deal - another piece in the jigsaw: KEEP BUYING!

Optibiotix (OPTI) has announced that it has extended the Europe wide supply agreement announced with Sacco in March to cover the USA and Rest of the World. The new deal grants Sacco an exclusive licence to manufacture and supply OptiBiotix's cholesterol and blood pressure reducing LPLDL® strain in the US and ROW, in return for 50% of the profit, with a guaranteed cost of manufacture and minimum sales price per kilogramme to secure against discounting.

2 days ago | By Malcolm Stacey |

Why I'm Still Riding the Black Horse

Hello, Share Mixers. As you may have gathered, I favour investment in all four big British banks at the mo. My main reason is that each time one of them announces new figures, its balance sheet seems to have improved nicely and the share price usually shoots up.

1 day ago | By Tom Winnifrith |

Winner of the Telit Leather Man Macho Insider Dealer Yosi Fait caption contest announced

We asked you for suitable captions for the picture below of the leather man who took over from the cowboy as CEO of the Telit (TCM) village people. I refer, of course, to insider dealer Yosi Fait. You offered numerous suggestions as you can see HERE but there can be only one winner and it is

2 days ago | By Cynical Bear |

Red Leopard Holdings: Shock TR-1’s – Spreadex has been selling out

wrote at the weekend about the surprising lack of TR-1’s at Red Leopard Holdings (RLH), particularly from the largest shareholder Spreadex, with the company having gone into suspension pending an RTO. Well, as if by magic, they arrived yesterday, after hours of course.

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

Odd one out Contest: Martha Stewart, Lord Archer, Leather Man Yosi Fait and Jeff Skilling

Ok this really is easy. All you need to do is to say which of the four well regarded and utterly honest individuals below is the odd one out and why. Do your worst. The deadline is midnight tonight (Wednesday)

15 hours ago | By Malcolm Stacey |

Lost Faith in some of Your Old Favourites? Then Take a Look at this 200-year-old Niche Company

Hello, Share Smugglers. The main staples of your portfolio, I should imagine, are in these popular sectors; oil, banks, pharmaceuticals, utilities and insurance. I could be wrong, but history shows that people who invested in these areas years ago still hold the stock.

2 days ago | By Chris Bailey |

Billiton gets religion...with a little help from its activist hedge fund 'friend'

It was around a year ago that I wrote an article about one of my then tips of the year BHP Billiton (BLT) observing that the world's largest mining company had just made billions of dollars of losses...but correctly the share price was going up. Billiton was a nice solid pick for 2016 but so far this year the share has been more volatile than remunerative.

13 hours ago | By Chris Bailey |

Does WPP stand for 'What Profit Progression'?

Too many years ago to remember as a fledgling analyst and junior portfolio manager, I was told by an old hand that 'WPP is the company with the greatest correlation to the FTSE-100'. I have no idea - nor the boring Excel skills - to say whether this is true but the notion that the world's largest advertising company should broadly share the same ups and downs as the very international main UK market index makes quite a bit of sense.

12 hours ago | By HotStockRockets |

Wishbone – Yorkville fund raise, at up to and including 0.8p BUY

Wishbone Gold (WSBN) has announced an £800,000 fund raise at 0.7p. Well we wish it was that simple. The mechanism is really very complicated but involves Yorkville so we imagine that there are people out there saying Death Spiral. They are wrong.