Today's the day that African Potash gets slung from the NEX markets or has the rules bent for them, so in normal circumstances it would sponsor this week's contest. But there is an even better sponsor, step forward disgraced share ramper Roger Lawson of ShareSoc infamy who will donate some of the Globo shares he owns as a prize. Natch, Ramper Lawson sold most of his Globo shares before telling readers to sell, but he still has some left and even offered to help the management take the company forward.
The July edition of the UK Investor Show Magazine is live featuring eight share tips, a question of life after the Tories, a special book offer, CEO interviews with Optibiotix (OPTI) and Wishbone (WSBN) and much more.
No apologies but this Bearcast contains strong langauge. Fraudster Rob Terry has dumped nearly all his Quindell (QPP) shares. It is time for the morons to apologise to me as I am now 110% vindicated. I discuss lessons learned (other than do not mess with the Sheriff) and also what folks should do next. Start by apologising to me and my staff then have a measured go at Terry, AIM Regulation, Cenkos, Daniel Stewart, Canaccord and KPMG.
Rob Terry told the Quindell morons that he would buy shares at 180p. Today it was announced that he had sold c24 million of his 37 million shares at c40p. What more do you morons need to know?
I am back in Clerkenwell at Real Man Pizza if any Quindell morons or Daniel Stewart employees want to come and "deal with me". On the Bearcast today, Sefton Resources, dead cat bounces, Kenmare Resources, insider dealing, Mwana Africa and of course the fraud Quenron.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the most shorted shares (by total net short position %) and if this total position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE ('Position Holder''s in bold appear in the table more than once).
Shares in IGAS (IGAS) now trade at a year low of 49.25p. IMHO they are heading a lot lower – 20p is my target as you can see HERE. But even at the current dismal level the question is “when is the margin call on CEO Andrew Austin’s Equities First Holdings LLC share sale (oops I mean loan) set to kick in?
The US Supreme Court has piled more misery on BP (BP.) by rejecting its legal challenge to the compensation package over the 2010 Gulf of Mexico oil spill.
What is happening at Quindell (QPP)? Blind panic is what is happening. That death is the outcome is now beyond all doubt, the only question is when and how. To win a bottle of freshly pressed olive oil from my Greek place enter our “when will Quindell shares be suspended sweepstake” here. This is fascinating as so many parties are involved.
Hapless Daniel Stewart is tying itself in knots over AIM Casino listed China fraud China Chaintek (CTEK). A research note out yesterday is just LOL stuff as I explain in this mini bearcast.
I penned a piece on bulletin board favourite Rare Earth Minerals (REM) in July of this year at a share price of 1.65p and I called it to 0.5p because I reckoned the market had been overhyped on the lithium valuation. Ok, we didn't get the 70% tanking I was expecting but we did get a stonking 48% decline because the share price is now only 0.88p, proving my call was right.
GlaxoSmithKline (GSK) has recently announced that it has failed to sell its established products portfolio. This is basically a bunch of North American and European drugs that have recently lost their patent protection.
Hello Share Freaks. One of the jolly benefits of the Santa Rally is that it provides a bit of excitement when real corporate activity is in a down period.
I reviewed X-ray systems for the security and industrial inspection markets-focused, Image Scan Holdings (IGE) in October – concluding, with the shares then at 2.125p, that new management looked to have much to do given the company’s track record. The following updates after results for its year ended 30th September 2014 and with the shares currently at 1.875p, capitalising the company at £2.4 million.
Another big fall today and the end is surely nigh. Quindell (QPP) exists, pro tem, thanks only to the support of its banks, the fraud is there for all to see with custodial sentences on the agenda for Terry et al in 2015. When we wonder will the shares be suspended pending clarification? Let’s have a sweepstake. And there is a prize.
I knew it was going to be bad news when I saw an unexpected Tesco (TSCO) trading update statement on the wires this morning. This close to Christmas if you are a food retailer you keep your fingers crossed that the shoppers are going to eventually flood into your store unless – of course – the news was really, really different from guidance. I guess the £1.4 billion trading profit indication qualifies on that behalf (I believe consensus UK trading profit guidance was nearer £1.8 billion).
Online 'fast fashion' retailer ASOS plc (ASC) has updated on its quarter ended 30th November 2014 – emphasising that a “strong UK performance continued”, though admitting that “international trading conditions remain challenging”. The following updates.
Following a late October piece – ‘Fitbug Holdings ramparoonie – beware, balance sheet terrible, placing ahoy?’ – the company (FITB) has duly announced it has undertaken a discounted placing, this raising a gross £3.5 million at 9p per share. The following updates.
The last Bearcast from Greece. In this issue I cover Iomart, Coms, Tesco, ASOS, Concha, Fitbug and of course Quindell
BT (BT.A) shares are currently trading at 417p, with a dividend yield of 2.62% and a PE of 16.34. This is a big leap forward from a price of around 362.5p in early October.
A podcast extra today on the Modus Operandi of China frauds, on a trading statement from China Chaintek (CTEK) that simply does not make sense and serious questions for Daniel Stewart and Mr Paul Shackleton who signed off on this bollocks. I also cover Naibu (another Shackleton "verified" fraud and Jiasen which also announced a load of cobblers today. Reminder for investors in Chaintek and Naibu the clock is ticking. Shackleton you are now a marked man , the Sheriff is on your case.
Shares in provider of secure payment products, Eckoh plc (ECK) have recovered to a current more than 45p – to capitalise the company in excess of £100 million – having fallen to below 35p in October. The following updates post recent interim results.
I started the PLC death list in June 2015 with 21 members. The aim is to pick stocks that will either go bust or get slung off the AIM Casino. Each departure requires a nreplacement. With nine new entrants today 40 names have joined this select group. So far there have been two outright failures on my part, Mariana Resources (MARL) and Jersey Oil & Gas (JOG). There was one volte face but I was ahead at volte face point and it was a great call both short and long - Wandisco (WAND), two near kills, InternetQ (INTQ) and Monitise (MONI) and thirteen slam dunk kills: Cloudtag (CTAG), Worthington (WRN), African Potash (AFPO), Jiasen (JSI), Camkids (CAMK), China Chaintek (CTAK), JQW (JQW), Afren (AFR), Daniel Stewart (DAN), Sefton (SER), Outsourcey (OUT - boy I enjoyed that one - Afriag (AFRI) and Auhua. So 13 out of 31 = 40%+ - not bad eh? Arguably that is 15 out of 31 - almost 50%! That leaves:
I wrote an article yesterday on my own website about the ponzi that is the UK state pension and how it is bound to collapse unless very hard choices are made which they will not be. I note a lot of smart comments were posted by readers on that article so delve deeper into this issue but go on to address other massive changes that will hit the UK workforce and how the State is in total denial about how it will cope. It comes up with bad solutions or no solutions but the net result is that in 20 years time you and I will not be able to rely on the State for anything at all - so what should we all do now?
Our exclusive Winnileaks service has obtained a series of emails from May 3rd 2017 which show that Peterhouse Corporate Finance has misled investors in Nyota Minerals (NYO) - these emails compound the damning evidence of the secret document I published on Wednesday. This is so damning that maybe even the useless clowns at AIM Regulation will take an interest.
Naturally Sprott Asset Management, as the world's best known resource investor, favours gold but, and this may surprise you, it does see a case for bitcoin exposure. Its latest monthly report discusses the battle: Bitcoin vs Gold. Over to analyst Trey Reik who writes:
For months, shares in R4E (R4E) have been held back because it was in technical breach of the covenants on its bank debt. We never expected the bank to pull with Nigel Wray and Johnny Hon owning c50% of the equity and standing behind the firm. But some BB savants knew better...they always do.
I've known Andrea Gonella for ages. We have never, to my knowledge, met but have oft corresponded by email. He resides, I think, in Belize and seems to spend a lot of his time fishing. Lucky chap. He is also minted and someone who has for ages believed that Conroy Gold & Natural Resources (CGNR) sits on a very interesting gold deposit in some of those counties of Ireland that are part of God's own Kingdom of Ulster but are these days in the Republic of Ireland. However...
I see that UK Oil & Gas (UKOG) has cemented its position as the nation’s favourite oil tiddler with a stonking rally to 5.1p since my recent short call at 3p. I haven’t received such joyous vitriol on twitter since I called Cloudtag a sell at 7p and saw the shares rise to 20p. Tom Winnifrith gleefully points out that he is glad to see someone take over as the Bulletin Board Moron's No 1 hate figure, at least for now.
Over the past few weeks we have published a string of letters sent by a significant shareholder in AIM listed Norfolk Mercantile Ports & Logistics (MPL) to its Nomad Cenkos so that when Mercantile runs out of other people's money as it surely will, the shamed former adviser on the Quindell (QPP) fraud cannot say that "it did not know." Its role is on the record as you can see in our full coverage HERE. Now that same shareholder has written to Daniel Slater, the analyst at co broker Arden Partners responsible for - arguably - the worst research note of 2017.
Last week the Nomad and broker to Nyota Minerals (NYO) announced that they were quitting as of August 17. As I have exposed HERE and HERE the advisers have behaved disgracefully and if there was any justice they would be facing sanction. But I fear that it is Nyota that will suffer.
On the AIM market these days it seems as though many would far rather buy into the latest pump and dump on a piece of junk, than invest in a company that is actually running its business properly and making money. The problem with putting your money into junk is that at some point true value normally shines through and the resultant share price crashes can be spectacular.
Hello, Share Muckers. Because I still own far too many oil stocks, I really must take my pruning shears to most of them. We seem to be moving very slowly towards renewables and nuclear, not to mention the march of hybrid cars.
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...
Metal Tiger (MTR) has updated on a preliminary interpretation of airborne electromagnetic geophysics data collected along 50km of the T3 Dome – a largely unexplored structure, where the company’s Botswana joint venture discovered the copper-silver deposit ‘T3’ last year.
Having commenced the year at just over 100p, shares in staffing group Empresaria (EMR) reached 168p at the start of last month before slipping back – closing yesterday at 146.5p. However, they are currently 5.5% higher today on the back of a “Trading Update” announcement…
Shares in AO World (AO.) haven’t even nearly recovered to levels prior to a profit warning in 2015 – and indeed have recently been sliding further. Does an “AGM and Trading Statement” announcement today help?...
Hello, Share Pingers. Budget airline EasyJet (EZJ) has issued a trading statement to say that passengers in its third quarter were up by more than nearly 11% to 22 million. Revenues improved by 16% to £1.4 billion.
A “Project Completion” announcement from MediaZest (MDZ) – a company with an end-March year-end but whose two previous announcements thus far in 2017, a 3rd March “New Business Update” and 8th May “Significant Project Completion” included no update on overall financial performance. Surely something now then, approaching four months after the year-end…
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