AIM casino listed Rightster (RSTR) joined the market a little over 14 months ago at 60p. The shares are now 26p but with shed loads of confetti having been issued along the way the company is still valued at £51 million. Not for long I suspect.
Stock markets moved higher on Thursday after merger and acquisition talks between US corporations kept instability in Europe at bay. Crude oil futures jumped almost 5% as news broke of escalating violence in Libya and Nigeria and this helped energy stocks continue recent advances as investors weighed up market supply constraints.
We have now had the 2014 prelims for both BP (BP.A) and Shell (RDSA) which gives us the opportunity to do a bit of comparing and contrasting of these two giant, integrated, international oil and gas businesses. Basically and very simply, they have much in common as investments at this time.
The bad news is that there is little or no value in the equity, which means that shareholders are going to lose all of their money.
I was shocked yesterday to once again see spiv traders on the iii and London South Eastern Bulletin Boards clearly engaging in pump and dump activities in both Argos Resources (ARG) and Borders & Southern Petroleum (BOR). This is blatant ramping.
Manoli Yannaghas, entrepreneurial managing director of emerging graphite producer Stratmin Global Resources (STGR), has set his sights on taking the AIM-quoted company towards monthly production of 250 to 300 tons from its Loharano project in eastern Madagascar during the first half of this year, after a chapter of delays. He says Stratmin, which sold 48 tons of the stuff in December, would break into positive cash flow at 300 tons a month, with an expected selling price of $1,000 (£657) a ton for large flake graphite and anticipated costs of $700 a ton, which would fall to $500 and below as Loharano’s output increased.
Hello Share Codgers. Probably the best way to tell if your favourite shares are going to do even better in the future is when they burst through their 12-month highs.
First the Bulletin Board jihadists tried to silence myself and this website with death threats. That failed. Then they tried to get ADVFN to stop working in partnership with us. That failed. Then there was an attempt to put our restaurant out of business with bogus reviews. That failed. Then they tried to bully speakers to pull out of UK Investor Show. That failed. And so now the jihadists are trying to persuade companies to stop advertising with us. And some PLCs are caving.
The boy Moore and I do not want to seem like total spivs - we are long term investors. But....
You would have thought that a firm of stockbrokers would want to see a critical press exposing fraud on AIM so that its clients do not lose money. But it appears that Hargreaves Lansdown (HL.) has given into the Bulletin Board jihadists and has joined other companies such as Tesco in refusing to advertise here. The same folk who have sent me death threats, smeared me and the restaurant because of what I write (fraud exposes) are trying to get this website closed down.
Companies on AIM are meant to post price sensitive information via the Stock Exchange and under Rule 22 they also have a duty to ensure that it is accurate. But Rangers FC (RFC) is advised by China fraud specialist Mr Paul Shackleton of WH Ireland and so yesterday it posted such (mis) information on its own website only. It then withdrew even that release but luckily I have a screen grab for you below.
If you want to make money in large cap shares then you have to spot the big changes. Deals can be such transforming events…and updates from two big FTSE-100 heavyweights over the last day or so are noteworthy.
A jolly old romp around the AIM casino today dedicated to "The Sheriff of AIM" Mr Marcus Studdart who has made the casino the most respected exchange in the known universe. Not. In this podcast I look at Afren, Hunter Resources, ValiRx, Igas, Pressure Technology, Premier Farnell, Tomco, Corero and Infrastrata
There is something in the air? Is it one of Mr. Putin’s fighter bombers ploughing unannounced down the Channel in the mad February winds, hoping not to be noticed? No its the BAE Systems (BA.) share price at 524p.The Observer Corps - sorry I mean the radar – plots it as not only flying high but also but in new territory.
I am sure that Laurence Moorse, the insider dealing finance director of Quindell (QPP) is now aware, as am I that the Serious Fraud Office (SFO) is now looking at matters Quenron and in that vein I have again written to the little crook urging him to save himself.
Hello Share Changers. My recent support for a couple of big British firms has been criticised by Uncle Tom this week
On Christmas Day I revealed how Quindell (QPP) CEO Rob Fielding had made £2 million for selling a worthless company established by him in December 2013 to Quindell a month later. This should have been declared as a related party deal – since Fielding is a PDMR – but it was not but was instead rolled into a £30 million deal involving convicted Nigerian fraudster Andrew O’Dua. I now have a new document which makes this look even worse – why has Fielding not been fired and the Old Bill called in?
I am in a good mood as a mega hero of mine has just been in touch to dish some dirt on an AIM casino stock...developing. Meanwhile there is comment in this podcast on Quindell, Camkids, Afren and Empyrean Energy.
Rangers FC (RFC) has still not shown a shred of evidence to demonstrate that in accepting loan proposals from Mike Ashley and rejecting other refinancings it acted in the best interests of ALL shareholders. The Ashley minions who run the Rangers board are clearly loathed by the vast majority of Rangers supporters (rightly so in view of the refusal to provide evidence) and businessman Dave King has stated today that their days are numbered.
Jeremy Martin, chief executive officer of unloved nickel hopeful Horizonte Minerals (HZM,) says latest drill results from bulk sampling at the AIM and Toronto-quoted company’s Araguia nickel project in Brazil ‘confirm high nickel grades that are scheduled for the early stages of Araguia’s mine life.’ He is also celebrating what London-based Horizonte describes as ‘positive support’ for the project, south of the Carajas mining district in north central Peru’s Para State, shown at a public meeting with the local community and government representatives, a development Martin dubs ‘a major milestone towards receiving our preliminary licence’ to develop Araguia.
In this bonus podcast prompted by recent events at African Potash (AFPO) and ADVFN (AFN) I look back on other bouts of market insanity. There was the radio boom of the 1920s and the dot com boom of 1999-2001 but is the blockchain bubble at 1999, 2000 or 2001? Among the companies also mentioned are On Line (ONL), Vela (VELA), Milestone Group (MSG) and Coinsilium (COIN), where we have a small holding. Madness, my friends, is in the air.
Last month the Jupiter Merlin group which, at one point, had £942 million invested in funds managed by Neil "nomates" Woodford announced that it was pulling out its last monies. Now another big investment group has given up on Britain's most self important fund manager. Aviva, one of the largest savings providers in Britain, has had enough.
Shares in Angus Energy (ANGS) have plunged by 36% to 17.125p today after news from the Lidsey Field which cannot be described as anything other than disappointing. Hope meets reality. At some stage the same process will see shares in UK Oil & Gas (UKOG) crash. Let's start with Angus.
Malcolm outlines a strategy today for playing AIM Casino stocks which I regard as folly. I explain why it could go disastrously wrong in two ways. Then I look at the wider asset bubble in relation to art, soccer players, real estate and new media and how that impacts on the stockmarket and will, in due course, implode.
I start this podcast with a look at Carillion (CLLN) where I wonder if Steve's damning verdict HERE is just a bit too generous. The boy is too much of a nice guy for his own good. Then it is onto the FRC which will be writing to 40 AIM and Small Cap companies ahead of them publishing FY numbers. I have a few ideas who and on what areas. The FRC are of course the UK's best regulator if only for recognising the work of the UK's top investigative financial journalist. Then I look at Angus Energy (ANGS) and finally there is a detailed discussion on MySquar (FRAUD)
Whilst many private investors go chasing rainbows and hoping for one of their oil and gas exploration plays to hit black gold, there are actually a number of AIM listed outfits which are already producing, yet don’t seem to be as popular as they are unlikely to generate large share price rises overnight.
I know sweet FA about GCM Resources (GCM) so you are on your own on this one. It has just announced an Underwritten Fundraise, to raise up to £2 million at a subscription price of 34.4p per Ordinary Share - via Primary Bid. This represents a discount of 20% to the closing mid price on Friday, 17 November, 2017. You can sign up and take part, if you wish, HERE
This is the time of year when I ask you to consider making a small donation to ensure that folks far less fortunate than we all are enjoy some real joy this Christmas. Woodlarks is a charity with whom I have worked for years. It provides a one-off service: full holiday acccomodation for those so severely disabled that they would otherwise not get such a break.
Once a year the Mrs allows me to give a lecture to her sociology students at Bath Spa University. Around 70 attended and and I did not hold back. My lecture was recorded as were the slides. Enjoy!
I suggested last week that the time had come for oil stock promotion UK Oil & Gas (UKOG) to come clean about its financial position and update the market on where it stood on its flow testing at Broadford Bridge. I suggested the shares were a sure fire short at 4.6p.
Carillion (CLLN) topped the top shorted London-listed shares at the start of 2017 (recent performance update HERE) and remained so in our Autumn update HERE. Having commenced the year above 235p, the shares had slid below 200p before a July profit warning, business review and Chief Executive “stepped down” announcement. They are currently down from above 40p to below 30p today on the back of an “Update” announcement…
Hello Share Pinchers. There are times while trading shares when one can consider suspending logic. One mistake a short-term trader can make is to expect strong balance sheets to always send share prices flying. Successful investors have a secret which is now’t to do with a firm’s fundamentals.
Actually I am in Greece on December 4 or at least on my way home after the olive harvest. But, in return for a small donation to Woodlarks, I have agreed to record a video from the Greek Hovel with a few market thoughts and a couple of share tips for Christmas.
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...
React Group (REAT) admitted last week that it would miss forecasts for the year to 30th September. It states that the unaudited numbers show revenue of around £2.65 million and a pre-tax loss of around £400,000.
This entertaining farce (for the neutral at least) at BOS Global (BOS) moved on a step yesterday with the ex-CEO, Michael Travia, making his move to give him a shot at the assets, most notably the 40% stake In Call Design, but I’m not convinced that it will be as easy as he hopes.
I don’t think I’ve covered 3i Group (iii) before. For one thing, it’s an unattractive brand name, not meaning anything obvious. Secondly, it invests in companies, which we, as canny share shifters, are capable of doing on our own. Then our money is not eaten away by administration costs. But this company is now bowling along and you may want to consider climbing aboard.
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