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Hello Share Swabs. If you read the blogs of amateur share traders, you will be aware of a stupid, and rather dangerous, mind-set. This is the talking up of share values.
This morning, the FCA announced it had discontinued its investigation into Quindell (QPP) with “immediate effect”. Quindell’s shares have rallied slightly on the news to settle at 97p, last seen, but how significant is this move for the company’s embattled shareholders?
Having previously warned on shares in Eckoh plc (ECK) towards the end of last year at more than 45p (see HERE), the following updates with them currently recovering above 40p following an announcement of “a number of new contract wins for its secure payments products”…
John Meyer of SP Angel this morning comments on Glencore (GLEN), Lucara Diamonds (LUC) & Mariana Resources (MARL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at the shares of Motif Bio (MTFB), Sirius Minerals (SXX), Summit Corporation (SUMM) and offer some share price targets.
The FTSE made a new low yesterday, in the process Top 20 Differential dropped below -2.5%, this means there is an increased probability that the FTSE will rally in the short term. When the top 20 Differential is below -2.5% the blue chips are oversold and in this situation they will bounce back. Blue chips seldom stay too low for too long, bargain hunters will move in. But the bounce won’t last because it’s the final leg of the triangle.
It can be seen from the daily share chart of Safestyle (SFE) UK that the share price action trace has oscillated between bullish and very bullish, with the latest summer setup appearing to be particularly positive.
Earlier this year I exclusively reported the licence granted by The Crown Estates to the Gold Mines Of Wales portfolio (GMOW) had expired. Not only had this licence expired but also a competing group who owned the land at the Gwyn was in the running for the Gwynfynydd mining rights. This was always going to be bad news for Stellar Resources (STG), as proven by yesterday’s RNS, which confirmed that GMOW has indeed lost the rights to Gwynfynydd.
Verdes Management (VMP) has since its AIM admission in 2005 been a total dog. Different management teams have run different models and all have ended in failure. The last chump in charge was Dave Breith of Coms (COMS) infamy. But that is all changing. The shares YESTERDAY weere consolidated and relisted following a RTO by React (REAT) - the company's new name as of today. A refinancing was completed at 1.68p. The shares are a buy at up to 2p with a target to sell of 3.3p before the autumn is too well progressed.
Well, I am sorry to break the news to whoever floated Auto Trader (AUTO), but you floated the shares too cheap. This is certainly the message as far as the initial 2015 share price action for the stock since March, even though the online used car market place saw a £2.35bn valuation raising well over £1bn earlier this year.
Anyone following the saga of AIM-listed Tern plc (TERN) will know that the company has had a few difficulties in reporting share issues – see HERE for an example. Yesterday Tern released this RNS which announced the issue and allotment of 641,463 shares as a result of the exercise of 52,823 warrants at 3p a share, and 588,640 warrants which were exercisable at 0.02p per share. The problem is that I can’t find where those 0.02p warrants came from.
Featuring the shares Beowulf Mining (BEM), CEB Resources (CEB), Daniel Stewart (DAN), New World Oil & Gas (NEW), Powerhouse Energy (PHE), Regency Mines (RGM), Tern (TERN), with some share price targets to boot.
Hello Share Pickers. While we are languishing without much to do in the long hot summer, I heartily recommend going through your bottom drawer.
As I sit in a hotel at Gatwick Airport killing time ahead of a flight to Athens, I ponder a walk down to Horse Hill. But enough of never to be spoiled green fields, let’s talk about oil. Sefton Resources (SER) shares tanked again today and are now just 0.04p to sell – the market cap is sub £1.4 million. So when’s the rescue bailout? Is it underway already?
John Meyer of SP Angel this morning comments on Condor Gold (CNR), Dalradian Resources (DALR), Glencore (GLEN), Kefi Minerals (KEFI) and Minera (MIRL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Although it is clear that shares of Leaf Clean Energy (LEAF) are not the most liquid in town, there would appear to be enough to go on in terms of the daily chart landscape over the past year to make a reasonably robust call on where the stock may be heading next. I offer a share price target below.
This morning, Red Emperor Resources (RMP) announced that the Hawkeye-1 exploration well, offshore in the Philippines, has failed. The company’s share price is down 60%, as of writing. Once again private investors on AIM have suffered horrific losses at the hands of a pure play oil exploration company. This further calls into question the appropriateness of listing such shares on the market.
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at the shares of Ncondezi Energy (NCCL), Noricum Gold (NMG), Stellar Resources (STG) and offer some share price targets.
Some CEOs have clearly abused twitter telling outright lies (Rob Terry) and being somewhat aggressive with the Truth (Mr 3D I meant 2D seismic). But having failed to deal with major scandals of fraud and lying the oxymoron that is the AIM Regulation is wading in with draconian edicts that will achieve nothing.
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.
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.
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…
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!
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.
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.
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.
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.
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?
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 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?
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?...
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…
Shares in Be Heard (BHRD) are currently the leading fallers today on the back of a trading update. The digital marketing services group though commences that with revenue up to more than £14 million, including 15% like-for-like growth. So what’s the problem?...
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'...
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.
Previously writing on Goals Soccer Centres (GOAL), with the shares down to circa 75p I cautioned with the trading update, currently awaiting a new CEO and the Chairman admitting “our recovery plan remains ‘work in progress’”, I certainly continue to avoid. Today a further trading update – and the shares currently down below 70p…
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