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Oh dear, oh dear. This really is proof that Independent Oil & Gas (IOG) is - whatever its scumbag Nomad FinnCrap (FCAP) claims -complete toast. You will remember that Independent owes more than £30 million to unquoted London Oil & Gas. That money has to start being repaid within a few months and Independent will go bust unless London provides more funds. But London has borrowed money from LCF a related party firm subject to a full blown FCA raid as it is a ponzi fraud as we showed here yesterday. That cash is repayable on demand. Now read on....
Entrepreneur Lior Gantz claims that the outlook for Gold and Silver is improving dramatically. His thesis is that recent market action has resulted in a rebound. In September mining stocks hit 52-week lows, and the regular markets are now entering bear market territory. Inflation is on the rise and many states are hiking their minimum wage. Recent US Dollar strength is actually a bearish sign.
A “Group Reorganisation and Fundraising” announcement from Obtala (OBT), including Chairman Miles Pelham stating “we believe these developments have the potential to be transformational for Obtala”…
As I have pointed out before, when a company’s management tells you that it is bust it pays to believe them. Last month I recommended shorting Flybe (FLYB) at 15p on the basis that although the statement in November, putting itself up for sale, had not used the word “worthless” to describe its equity, it was clear that any bid for the debt-laden company was not going to leave anything more than a token amount for shareholders.
Goodness it has been a busy last few business days and my write ups on last week's trading update fest including an observation on Taylor Wimpey (TW.) that 'the outlook statement was chockablock full of government assistance programme nods and thumbs up. Avoid as a sector. Sorry all you value investors'.
Is there anything better than sitting back and reading a well-written article on a lazy Sunday? Every week ShareProphets features some long form journalism that you'll find of interest. Grab your cuppa and enjoy these five articles.
Judging by the form of my buy tip for 2019 AIM-listed Ariana Resources over the past nine months, we should see the latest production numbers from its Kiziltetepe joint venture gold plant in Turkey this week. Numbers for the first three quarters have already blown the company’s annual production forecast of 20,000 oz of gold out of the water, having reached almost that figure in nine months. Meanwhile shares in Ariana have had a good run of late, moving up from a low point of almost 1.1p in October to the current 1.575p, putting the company on a market capitalisation of £16.7 million.
When I look at the high streets today, I don't see a significant difference from high streets in Canada or the United States, aside from shop names and even those are tending to be global now.
EQTEC (EQT) has long been a favourite of the pump and dump crews operating at the lower end of AIM, so when the share price suddenly doubles in the space of just a few weeks, and there is seemingly no good reason for the rise, then it is hard not to be suspicious.
The letter below from Barclays Bank to Julie "lingerie on expenses" Meyer is self explanatory. But it begs an enormous question of the woman who also put the cost of a sex toy and batteries on her expenses from the now defunct Ariadne Capital.
A string of profit warnings – and Sports Direct International (SPD) chief executive Mike Ashley’s warning that the UK high street risked being ‘smashed’ over the Christmas period after the ‘worst November on record’ – set the tone for investor expectations over the festive period. Was all the pessimism justified? In this week’s article, we take a look at a selection of recent trading updates by high-street retailers and supermarkets, and review broker and tipster outlook in each case.
AIM Casino listed Independent Oil & Gas (IOG) is dependent on financing from London Oil & Gas which in turn is dependent on financing ( repayable on demand) from a ponzi called London & Capital Finance now the subject of a full FCA raid and lockdown. We have covered this extensively already but there is more...
The latest deal from Optibiotix (OPTI) is a three year distribution agreement with a company called SilvEXPO Ltd to distribute and commercialise OptiBiotix's own label CholBiome products containing its cholesterol and blood pressure reducing LPLDL strain in Russia and Kazakhstan...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Columbus Energy Resources (CERP) “is pleased to provide an update on business, operational and financial activities during Q4 2018”. However, this includes “gross revenues of US$3.23 million achieved (Q3 2018: US$3.85 million) - reduction due to lower average production and lower oil price achieved over the quarter”. Hmmm…
Hello, Share Scroungers. There’s increasing evidence that the moggy we picked up at the local cat rescue service is of the rare and valuable Norwegian Forest breed. Should I sell him to burnish the fallen value of my shares? Of course not. And to worry about share prices is probably a useless concern, anyway. Because I continue in my view that share values will soon bounce back.
Having questioned on November half-year results from online electrical retailer AO World (AO.), can the high growth company rating really be justified?, today a “Trading Update”…
Over almost fifty years Nigel Wray's record of making money from value investing is almost unmatched on this side of the Pond. That is why he is referrred to as Britain's Buffett. So what makes him back a stock? How can you invest like Britain's Buffett
In this podcast I thinkI agree with Dan's tip. I then look at Independent Oil & Gas in light of Jim Armitage's article in the Evening Standard which takes this scandal forward some more. I cover ramp dog Chesterfield (CHF), Marks & Spencer (MKS), Gear4Music (G4M), Halfords (HFD), Starcom (STAR), UK Oil & Gas (UKOG), Angus Energy (ANGS) and the zero scenario, and Carclo (CAR). Tomorrow I may have better things to do than a bearcast as is the case every January 12. Or maybe not!
A “Christmas Trading Update” from fashion retailer Quiz plc (QUIZ) states revenue “increased by 8.4% in the six-week period from 25 November 2018 to 5 January 2019 against the comparable period last year”, with “the group's UK standalone stores and concessions revenue increased by 1.6%”. The shares have responded, er… approaching 30% lower, towards 25p!...
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