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CHAR
premium content

Chariot Oil & Gas – Re-rated, but is it still a buy?

I’m sure most readers know I have been rather grumpy about my favourite sector, oil and gas, since March / April this year. In fact I have had very little positive to say about most companies in the sector all year. Chariot Oil and Gas (CHAR) was one I highlighted in July, having responded to a fellow shareholders concerns and comments. I was positive but cautious. It’s done rather well since, and its shares are up by some 500% since then. But what now?

GPM
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A Golden Prospect with US Election out of the way?

Well, not so fast, because Joe Biden hasn’t formally won yet but the writing is on the wall. Notwithstanding that minor detail, Gold has had a storming few days, rising to $1950 per oz having kicked off the week at sub-$1880. One very strong performer was fully-listed Golden Prospect (GPM), along with its subscription shares (GPSS).

Gold

Video: A Biden Win is Great for Gold

Writer and trader Gary Wagner says that folks are waiting for more stimulus, but the next program will likely not arrive until February. The US economy continues to contract, and while some businesses are doing very well, others are being hit quite hard. The Fed has stated that interest rates will remain unchanged as it still has some options in their toolbox.He says that you can expect gold and equities to continue to do well in this environment.

ASC

Table of shorted AIM shares - week to 06/11/2020

From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…

Malcolm-On-Motorcycle

Watch the Trend, Friend, if You Want to Bag Money-Making Opportunities.

Hello, Share Kickers. There aren’t many sensible strategies in Crazyland that ignore the sound principals of a company that are known as ‘the fundamentals.’ But my favourite ploy falls into this rare category. It’s the fabled financial proverb ‘The Trend is your Friend’. It’s made me a lot of money over the years and when I’ve ignored it, well, it’s cost me a load of gelt, too.

Boom
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Hero of the day: Mike Ashley calls out Michael Gove out as a clueless authoritarian Covid imbecile

It is not often I have nice things to say about the loathsome lard-bucket Mike Ashley but, just for today, he is my hero as his Frazer’s Group has put out a statement on the Covid shutdown. As you might expect, Mike does not mince his words: 

TAST

Tasty plc – still “hopeful… will be able to navigate our way through”?

Previously writing on Wildwood and dim t restaurants company Tasty plc (TAST), I’ve noted the financial situation from a market cap of below £4 million saw my stance avoid / sell. Now a “Statement re: Restaurant Closures” – and the shares currently further lower to 1.25p…

WSBN
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Wishbone Gold – shares rocket, what to do?

We hope very much that you took our strong advice to average down on Wishbone Gold (WSBN) at just 2.1p in August. If you did you must now be well ahead. My own losses on this stock are now down to less than £15,000! They were double that. This is following latest news from Australia. And it seems very encouraging…

Bearcast
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Tom Winnifrith Bearcast: all about 1 AIM stock

The company is cyber security outfit ECSC Group (ECSC) and in this podcast I dissect its finals from last year, interims, recent trading statement and other red flags leading me to explain why you should not buy into the hot sector argument and should not touch it with a bargepole.

URU
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URU – In Whose Interests?

AIM-listed technically insolvent John Zorbas POS URU Metals (URU) announced yesterday that it has for the second time extended the initial 90-day initial notice period on its convertible death-spiral loan by a further 90 days. With the shares at 260p, the initial deal to convert the loan is massively more attractive for the loan shark than the 35% discount that would otherwise apply – so why is URU doing this?

TERN
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Tern – When Will the Cash Run Out as Another Loan Heads to DA? Placing ahoy as shares crash

AIM-listed jam-tomorrow investment company Tern (TERN) has seen its shares come crashing back down again: there is still no news from Wyld (quelle surprise) and another stack of cash has headed off to the great computer in the sky over at Device Authority – not that Tern has announced that either. Having raised £1.5 million back in July, I wonder how much cash will be left over by Christmas.

Gold
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Shout-out for the big boys such as Barrick Gold!

Despite being the most boring and large cap focused writer on these pages, in case you did not know I too have the horn for gold.  I am such a geek that I even have an asset allocation formula to tell me what percentage of my pension fund I should allocate to the precious metals space.  For those of you who can stand a bit of maths (unrelated to US election college calculations) on a Friday, you take the index point value of the Dow Jones Industrial Average (28,390 as per the close yesterday) and divide into that the dollar gold price (1947).  A quick flourish with a calculator will tell you this gives you 14.6% (to 1dp) which should be your precious metals weighting in my opinion.  
 
ELCO
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Elecosoft - not only has the main guy gone but also, for reasons unexplained, the auditor has changed. More Red flags vicar?

As you know we  have been big bears of AIM promote Elecosoft (ELCO). There were so many red flags when we published a major bear report HERE including Stockopedia of Wirecard, Globo & Quindell infamy having it as atop pick, Vox Markets promotion and highly aggressive accounting. They mounted when ElecoSoft started threatening legal action. Since then the chairman and founder has walked and now this.

AAZ

Anglo Asian Mining – updated mineral resources and ore reserves, still a risk/reward buy...

Anglo Asian Mining (AAZ) has announced updated mineral resources and ore reserves and that “our ongoing exploration programme targeting five new deposits is also expected to produce additional ore sources”

FDBK

Life-Saving Technology for Medics Could Bring Joy for Feedback Investors – at Last

Hello, Share Followers. A company for which I have high hopes still to be realised is Feedback plc (FDBK). On the face of it this AIM company which enables doctors and surgeons to see what’s going on in the human body should enjoy a buoyant share price. Yet it’s been disappointing for some time now. However, with much more focus on medical services these days, perhaps its time has come…

SAE

Simec Atlantis Energy- I was wrong (in part), but remain right!

I wrote last week about Simec Atlantis Energy (SAE) and the delay in determining the Uskmouth Power Station consents. I highlighted the delay in determination of the Natural Resource Wales (NRW) consent and any positive determination would then be followed by the Planning Application process. I was inadvertently wrong – the planning application is in and running and hence it is only appropriate I correct a matter of fact and what changes in my opinion as a consequence.

Bearcast
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Tom Winnifrith Bearcast: Prepping for my own act of defiance this November 5

As you can see here, I shall be engaging in a small act of defiance tonight.  In the podcast I discuss UK Oil & Gas (UKOG) - forced by myself to ‘fess up today about what is happening at the Gatwick Dribbler. I look at Trainline (TRN) and explain why the soon to be ex CEO is not a crook, at Guild Esports (GILD), Bluebird Merchant Ventures (BMV) and at Jubilee Metals (JLP).

PCIP

PCI Pal – “close the gap towards our first months of cash generation and profitability”… how swiftly?

“Cloud provider of secure payment solutions”, PCI Pal (PCIP) has updated including “first quarter revenues are 44% ahead of the comparative period last year” and the shares have currently responded to 46.5p, more than 16% higher…

SDRY

Superdry – trading update, “making good progress with our strategy and brand reset”?

Fashion company Superdry (SDRY) has updated on trading, with CEO Julian Dunkerton stating “we have financial flexibility and are making good progress with our strategy and brand reset… record levels of engagement through our influencer-led Autumn campaigns”. The shares have currently responded towards 155p, er more than 5% lower…

Beggar

Video: the economy is on life support stimulus that can’t be stopped

Lobo Tiggre was one of the stars of the MineProphets conference and his take on the state of the Western real economies is grim. He makes our own Nigel Somerville seem cheery.

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