No apologies but this Bearcast contains strong langauge. Fraudster Rob Terry has dumped nearly all his Quindell (QPP) shares. It is time for the morons to apologise to me as I am now 110% vindicated. I discuss lessons learned (other than do not mess with the Sheriff) and also what folks should do next. Start by apologising to me and my staff then have a measured go at Terry, AIM Regulation, Cenkos, Daniel Stewart, Canaccord and KPMG.
Rob Terry told the Quindell morons that he would buy shares at 180p. Today it was announced that he had sold c24 million of his 37 million shares at c40p. What more do you morons need to know?
I am back in Clerkenwell at Real Man Pizza if any Quindell morons or Daniel Stewart employees want to come and "deal with me". On the Bearcast today, Sefton Resources, dead cat bounces, Kenmare Resources, insider dealing, Mwana Africa and of course the fraud Quenron.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the most shorted shares (by total net short position %) and if this total position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE ('Position Holder''s in bold appear in the table more than once).
Shares in IGAS (IGAS) now trade at a year low of 49.25p. IMHO they are heading a lot lower – 20p is my target as you can see HERE. But even at the current dismal level the question is “when is the margin call on CEO Andrew Austin’s Equities First Holdings LLC share sale (oops I mean loan) set to kick in?
The US Supreme Court has piled more misery on BP (BP.) by rejecting its legal challenge to the compensation package over the 2010 Gulf of Mexico oil spill.
What is happening at Quindell (QPP)? Blind panic is what is happening. That death is the outcome is now beyond all doubt, the only question is when and how. To win a bottle of freshly pressed olive oil from my Greek place enter our “when will Quindell shares be suspended sweepstake” here. This is fascinating as so many parties are involved.
Hapless Daniel Stewart is tying itself in knots over AIM Casino listed China fraud China Chaintek (CTEK). A research note out yesterday is just LOL stuff as I explain in this mini bearcast.
I penned a piece on bulletin board favourite Rare Earth Minerals (REM) in July of this year at a share price of 1.65p and I called it to 0.5p because I reckoned the market had been overhyped on the lithium valuation. Ok, we didn't get the 70% tanking I was expecting but we did get a stonking 48% decline because the share price is now only 0.88p, proving my call was right.
GlaxoSmithKline (GSK) has recently announced that it has failed to sell its established products portfolio. This is basically a bunch of North American and European drugs that have recently lost their patent protection.
Hello Share Freaks. One of the jolly benefits of the Santa Rally is that it provides a bit of excitement when real corporate activity is in a down period.
I reviewed X-ray systems for the security and industrial inspection markets-focused, Image Scan Holdings (IGE) in October – concluding, with the shares then at 2.125p, that new management looked to have much to do given the company’s track record. The following updates after results for its year ended 30th September 2014 and with the shares currently at 1.875p, capitalising the company at £2.4 million.
Another big fall today and the end is surely nigh. Quindell (QPP) exists, pro tem, thanks only to the support of its banks, the fraud is there for all to see with custodial sentences on the agenda for Terry et al in 2015. When we wonder will the shares be suspended pending clarification? Let’s have a sweepstake. And there is a prize.
I knew it was going to be bad news when I saw an unexpected Tesco (TSCO) trading update statement on the wires this morning. This close to Christmas if you are a food retailer you keep your fingers crossed that the shoppers are going to eventually flood into your store unless – of course – the news was really, really different from guidance. I guess the £1.4 billion trading profit indication qualifies on that behalf (I believe consensus UK trading profit guidance was nearer £1.8 billion).
Online 'fast fashion' retailer ASOS plc (ASC) has updated on its quarter ended 30th November 2014 – emphasising that a “strong UK performance continued”, though admitting that “international trading conditions remain challenging”. The following updates.
Following a late October piece – ‘Fitbug Holdings ramparoonie – beware, balance sheet terrible, placing ahoy?’ – the company (FITB) has duly announced it has undertaken a discounted placing, this raising a gross £3.5 million at 9p per share. The following updates.
The last Bearcast from Greece. In this issue I cover Iomart, Coms, Tesco, ASOS, Concha, Fitbug and of course Quindell
BT (BT.A) shares are currently trading at 417p, with a dividend yield of 2.62% and a PE of 16.34. This is a big leap forward from a price of around 362.5p in early October.
A podcast extra today on the Modus Operandi of China frauds, on a trading statement from China Chaintek (CTEK) that simply does not make sense and serious questions for Daniel Stewart and Mr Paul Shackleton who signed off on this bollocks. I also cover Naibu (another Shackleton "verified" fraud and Jiasen which also announced a load of cobblers today. Reminder for investors in Chaintek and Naibu the clock is ticking. Shackleton you are now a marked man , the Sheriff is on your case.
Shares in provider of secure payment products, Eckoh plc (ECK) have recovered to a current more than 45p – to capitalise the company in excess of £100 million – having fallen to below 35p in October. The following updates post recent interim results.
Taking readers suggestions for improvements, we've made it much easier to subscribe to your favourite one-stop source for breaking news and expert analysis on AIM and LSE listed shares. £5.99 pcm gets you access, that works out at sub 2p (inc VAT) per article. Think how much our big red flag calls on the AIM frauds have saved you and hot tips like IQE have made you. Its a nil brainer....it's madness not to sign up.
I am a shareholder in Amryt (AMYT) which has had a placing today. I am furious and feel shafted. The shares are almost certainly cheap but I feel livid so am off, with Joshua, for coffees with the fit young mums. I also comment on i3 Energy (TOAST), 88 Energy (88E), Frontera (FRR) and ADVFN (AFN).
How the Bulletin Board Morons laughed at me as I warned in the strongest possible terms that 88 Energy (88E) shares were a slam dunk sell and that drilling of the Icewine well was not going well. Please form an orderly queue morons I guess you did know better than a trained oil analyst after all. The shares have slumped by 0.75p to 1.25p but a market cap of £56.9 million is still way too high. There is worse to come.
I start off with a cheque received for 29p. Then as we see the Purplebricks (PURP) share price start to melt I look at hard maths and explain why the shares will collapse from here. I look at the Rose Petroleum (ROSE) placing, misleading comments from worthless crap Strat Aero (AERO), dismal interims from shamed lifestyle company Magnolia Petroleum (MAGP) and then at Intelligent Energy (IEH) which looks like a zero in waiting.
The debt timebomb has not gone away. In fact it is bigger than ever and that has massie implications for all of us, the central theme of this month's newsletter from the world's biggest investor in resource stocks, Sprott Asset Management. It writes:
This week's Bulletin Board Moron contest is sponsored by Nyota Minerals, a company that has more lives than all of our reader's cats.
Falanx (FLX) has announced a partnership with Stone Group, a major supplier of IT services to the Education sector and Government. Stone provides the hardware to all these money tree-funded bodies and will, in future, promote Falanx Cyber Defence as its sole cyber security partner.
Last night at 5.25pm Nyota Minerals (NYO) announced that its shares were being booted off the AIM casino. The roll call of shame on this one is appalling. We have AIM Regulation, broker Peterhouse and the directors of the company seemingly all at fault here, not to mention former Nomad Beaumont Cornish and two further Nomads, ZAI Corporate Finance and Allenby being dragged in. It is a true horror show. But rather than look in the mirror, the directors pointed the finger at ShareProphets – blame the media, the investigative journalists, blame evil Tom Winnifrith and myself, Nigel Somerville. This is shocking.
Uber has lost its London license thanks to Transport For London (TFL), a move applauded by useless Mayor Sadiq Khan, The Guardian, the BBC and black cab drivers. But it is very bad news indeed for London and I explain why. It is symptomatic of a new era of economic madness as is Theresa May claiming giving £20 billion (it will be more) to the EU is a good deal and our useless PM also trying to satisfy the greed of lazy and overpaid public sector workers. Perhaps the biggest sign of this madness and wish for economic hari-kiri is Labour's plan to renationalise the utilities. It is utter madness but no one dares say so. We are heading faster and faster towards the precipice my friends.
Hello, Share Poppers. It’s always a pleasure to listen to comment from readers of this terrific website. So a few months back, I bought some shares in Aeorema Communications (AEO), as one of my readers said they couldn’t understand why the stock of such an award-winning company was not doing much better.
Hello Share Samplers. When a share approaches company results day, whether for six months or the full year, we can expect the share price to rise. Once that special day arrives, the value often falls - even when profits are in line with expectations or even better. Naturally, the most trading often goes on in the run-up to the announcement concerned and in the week afterwards. But there’s an advantage in buying your shares when nothing imminent is on the company’s diary and when no other news is expected.
Symphony Environmental Technologies (SYM) was a 6.75p offer price share tip – and the shares rose to 11.5p on the back of a first half of 2017 results announcement, though have currently slipped back to 10.5p…
Well it did arrive in a brown envelope! The eagle eyed among you will see that I appear not to have cashed the last cheque from this source, for 51p. I think I lost it. But I'm now entitled to 80p as a result of being a loyal shareholder in the London Stock Exchange (LSE). Of course my real "dividend" is being able to attend the AGM to berate the hapless head of AIM Regulation, Mr Marcus Stuttard. Truthfully, notwithstanding today's cheque I can say that I am not in this one for the money.
An unusual time (1:01pm) “Statement re contract” announcement from marketing services group St. Ives (SIV). Uh oh...
This is a share tip that has not worked out. We are well down on the 37p offer price of January - our timing was imperfect. To be fair, we advised averaging down a week or so ago at a 24p offer. Shares in the geoscience and geospatial group Getech (GTC) are now 26p offer after a very good trading update and at this level they are a strong buy.
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