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At the last AGM of Naibu (NBU) before it was booted off the AIM casino I attended its AGM, held at the offices of its Nomad Daniel Stewart, and accused the company of fraud. Only the NEDs were present - Chinese executive directors failed to show. As I asked about a loan to the CEO’s mum that had not been repaid, the NEDs said they were unaware of this. I pointed out where the loan was referenced in the annual report and the NEDs said they would go away and investigate. They did not. Only when they stopped getting paid did these useless upper class twits start to ask questions. Wind forward to today and it is time to shift the blame.
Hello, Share Finders. Housebuilders attract a few warning signs on this splendid website. But there are still some strong signals to keep buying. The most important, perhaps, is the all-important demand versus supply issue. And though house prices are flat or falling, depending where you live, the shortage of affordable homes gets no better.
Last year Woodlarks managed to do amazing work despite receiving income of just £126,650. It spent c £35,000 more than that but ran a deficit which it has accepted is just not sustainable. Brokerman Dan and I would like to raise £20,000 (plus gift aid) to close that deficit and allow this charity to continue its amazing work with no cutbacks. Boy is my body suffering as I prepare for our 32 mile walk on July 28. Enjoy my pain but spare Woodlarks some pain. we are now 65% of the way to our target and we thank all who have backed us already notably UK Investor speaker, my old pal, Nick Leslau who has just donated £1,000 today. Surely you can spare a tenner? If you are yet to donate: Please please watch the video below and sponsor us now HERE
I enjoyed Nigel's update article on his mini 'dividend munchers' ideas portfolio earlier today. I would completely concur with the Vodafone (VOD) call and came to a similar conclusion myself a few weeks back (see here).
Oil exploration is very different to the boom we had back in 2010 in terms of the share price movements that we see for companies that are engaged in drilling.
I start by looking back to where I watch the World Cup Final 4 years ago and where I will be watching the semi on Wednesday. When you have finished donating a tenner to Woodlarks HERE, this podcast covers the current scandal surrounding the big 4 and KPMG in particular. Sam Antar used KPMG in his 18 year fraud but is it fair to pick on one firm? Is the system inherently flawed? What would I do to make things better?
My little portfolio of big dividend payers seems to be doing quite nicely. Hurrah! It seems that all three are up, and the first tasty dividend has arrived. But I want to trim some holdings and buy a new share.
Further to my “Exclusive” on Friday in which I predicted the outcome of the Stobart (STOB) Boardroom battle, the results finally came out yesterday more than 24 hours after the AGM began confirming that Tinkler and his gang had lost; however, it is worth considering what happens next as I doubt very much that this is the end of it.
This week, I just wanted to run a little poll of which news outlets that you find most trustworthy. Not for City news: that'd be Shareprophets vs everyone else. But from which news websites do you trust their news stories?
Prelims from Purplebricks (PURP), announced on Thursday, did nothing to persuade me that the shares are not an outstanding short.
You don't care what I say today, all you care about is the football. Indeed: come on Eng-er-land. I reflect briefly on the soccer, then cover Mrs May's Brexit sell out, why I'm not voting for the party of the useless and treacherous old hag again, and finally discuss the idea that British companies should not be bought by "dirty foreigner", ref Inmarsat (ISAT). I cover Optibiotix (OPTI) en passant and am glad that thanks to the incredible generosity of Nick Leslau, myself and Brokerman Dan have now raised £13,000 - 65% of our target - for Woodlarks ahead of the 28 July charity walk. Check Nick's donation and perhaps give a tenner yourself HERE.
Obtala (OBT) has updated to the first half of 2018, including emphasising “record volumes of sawn timber produced and containers shipped to customers”…
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 (see HERE)... Perhaps some folks have been taking our IQE exposes, like this one, on board.
Newly-listed firm Cake Box (CBOX) has been making headlines, as its share price rocketed over 40% in the space of a few days since the company’s IPO last week. Meanwhile, speculation continues to mount over the specifics regarding Aston Martin’s expected IPO later in the year. With new listings making the news, we take a look this week at broker and tipster stances towards firms following their admission to the London Stock Exchange. Using IPO data going back to the beginning of 2015, we retrieved broker and tipster recommendations in the calendar year following each new listing. A “Buy” or “Risky Buy” rating is scored as a 5, a “Hold” rating as a 3 and a “Sell” or “Avoid” rating as a 1. The data throws up some interesting results, which are summarised in the two charts below.
Hello Share Twiddlers. Despite the worries of an uncertain world, economically speaking, there have been some jolly signs recently that share prices could move ahead. I know there are warning signals out there to counter any undue optimism, but they don’t seem to be having an effect, do they?
Bearcasts may be sporadic over the next few days as I explain. By Wednesday I shall be mountain walking in Greece for my Woodlarks training. Think of me with the snakes and in 35 degree heat and donate HERE. Today I look at Optibiotix (OPTI), Audioboom (BOOM), Andalas (ADL), Frontera (FRR), Boxhill (BOX) and KPMG and in some detail at Jim Mellon's failing gold play Condor Gold (CNR).
A trading statement from risk & compliance, professional and healthcare information, education and networking services company Wilmington (WIL) commences “following the completion of the year, Wilmington expects that full year adjusted profit before tax will be broadly in line with market expectations”. So why a current 25% share price fall, to 180p, on the back of the announcement?...
It seems that some venture capitalists, specifically Apax partners, do have more sense than money after all for this morning Apax has walked away from a bid from hugely overvalued second hand car dealer BCA Marketplace (BCA). BCA chairperson Avril Palmer-Baunack has responded with A grade horse…
I had a quiet chortle to myself as I read Cynical Bear’s reading of his crystal ball with regard to the Stobart (STOB) vote, where he thinks Tinkler and Woodford have lost. Probably. But I wonder if the real winner will in fact be Neil Woodford the loser – and I wonder if he has been giving Gareth Southgate tips on managing his way through the World Cup. Gosh, this is devilishly clever…..
After recent revelations here the position of Angus Energy (ANGS) founder and chairman Jonathan Tidswell-Pretorious was untenable and today he has “been resigned” from the board with immediate effect. But Tidswell will remain as a non- Board Operations Director, responsible for progressing all the Company's oil & gas operations while some oafish NED becomes chairman, in name at least. That is what the company says…
It is not as if Optibiotix (OPTI) management do not put their money where their mouth is. Just a few days ago chairman Neil Davidson splashed out £150,000 buying shares at 71p. Now we have news of an option package for three senior staffers including Davidson. No options….one way bet… nooooooooooooo you scream. No. Read the RNS.
Amit Ben Haim does not like to be at the helm when one of his enterprises goes belly up. He always quits and leaves a gent called Massimo Ventimiglia to pick up the pieces. And hence we come to Cloudtag (CTAG) subsidiary CT Technology Services.
Thank God for small mercies. Now we can start a rota on who has to listen to Brokerman Dan blathering on about blockchain and what a frigging genius Clem Chambers is. For now there is a third rogue blogger joining us as we walk the 32 miles from Horse Hill to Woodlarks on July 28. He is a man who knows Horse Hill well…
The extract from the Land Registry below is in the public domain and looks like a huge misunderstanding to me. Worthington (WRN) may be in administration but it seems the FCA have a few questions for its former boss Doug Ware. I am sure there is a perfectly innocent explanation for all of this.
Oh dear, I sense that in my adopted home of Greece there are a few folks heading for the slammer in connection with the Folli Follie Fraud which we helped Gabriel Grego to expose on this website. It seems like just the other day that burly security guards were chasing me away from its HQ North of Athens, as you can see HERE.
Maybe Julie "Lingerie on expenses" Meyer MBE has other problems to consider? Take it from me that she does. There is more to follow, the wheels are a turning. But perhaps she or her uber expensive bully boy lawyer Julian Pike might answer a simple question for me. It relates to ASX listed Norwood.
I’ve touched on Immunocore a few times in passing as it one of the largest holdings in Woodford Patient Capital Trust (WPCT) as well as being the largest investment made by Dublin-listed Malin Corporation, of which Woodford is the largest shareholder, obvs! Well, it looks like it’s not a particularly happy ship and I wonder whether a (further) devaluation is required?
Amino Technologies (AMO) has announced results for its half year ended 31st May 2018, emphasising “strong revenue visibility and pipeline coverage - full year expectations confirmed” - the numbers though showing adjusted earnings approaching 60% lower than in the corresponding half in the prior year on revenue 17% lower at $41.2 million. Hmmm…
Previously writing on SRT Marine Systems (SRT) in April, I concluded with previous delays and a current market cap of more than £30 million, I await to see evidence it is actually on-track as well as the cash flow and the balance sheet. Today a “SE Asia Contract Change” announcement…
I’ve been following darling of the bulletin boards, Versarien (VRS) for some time finding the ever-increasing share price more and more incredulous. I thought I would use today’s results to take a closer look and come up with a considered valuation. In short, this appears to be the in the top 5 most overvalued shares on AIM – get out while the going’s good!
HaloSource (HALO) “is pleased to announce that it has received initial orders for its new astrea ONE lead filtering bottle from its first retail customer in the US”. Hmmm, promising or ramptastic?...
For those of you who are contrarians you will have heard the quip by Baron Rothschild that the time to buy is when there is "blood in the streets" and by extension, the time to sell is at the point of maximum euphoria - "this time it is different" are the kind of words that should make you bridle.
Previously writing on Hotel Chocolat (HOTC) it was interims emphasise “another period of strong progress”… but progress enough for the valuation?. Now a trading update for the company’s year ended 1st July 2018…
I commented on the lunatic management at Premier Foods (PFD) a couple of weeks ago HERE, who, after turning down a perfectly good bid, are circling the wagons against activist investors who want to help to start to create value by booting out the CEO. I could not agree more with their assertion that the CEO's tenure is 'five year of failure'...
I recorded this on my last night in Greece. As you listen I shall be starting the trek back to Bristol. I appeal to those yet to donate to the Woodlarks charity walk by myself, Lucian Miers and Brokerman Dan to donate HERE - we are at 69% of our £20,000 target and every cent pledged will make a difference. Thanks to a reader for spotting a court case involving Safestyle (SFE) which is utterly shocking - I reckon this makes the stock uninvestable. I then take issue with the analysis of a City pal of Chris "three brains" Bailey on the matter of fraud.
Hello Share Shapers. Royal Mail (RMG) is not a share I would buy more of. I will however hang onto those I do have for a while longer. Though I really ought to be looking for a good exit point I think.
I assume that dividend munchers are feeling a bit glum today as the FTSE 100's most boring company (as I previously dubbed it HERE), Scottish & Southern Electricity (SSE) is seeing its shares fall by 3% odd percent. So what is going on?
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