From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…
Hello Share Mates: I only rarely consider punishing a share on this glittering website, but even I, occasionally, succumb to a negative frame of mind.
I commend to you Steve Moore's excellent article on Outsourcery, the Piers Linney POS, HERE. I add a few thoughts on this Rum & Coke company. I also comment again on Rosslyn Data witha few new thoughts on slow death/quick death for the share price of Coms and on the woeful position of Sovereign Mines of Africa. There is more bad news, I am sorry to say, for my old friend Jim Mellon and Billing Services and I take a look at Quadrise Fuels.
Having joined AIM under two years ago at 110p, shares in Outsourcery plc (OUT) currently trade a further more than 5% lower at sub 29p today on the back of results for the 2014 calendar year. The company though reckons it is now “in a strong position as interest in the Cloud builds and our partner relationships begin to pay off” and suggests we “need to think differently about how we measure the progress of firms just starting out on their growth journeys”. Er, thanks for the lecture from serial business failure & self important Prat Piers Linney but…
At one level a triumph. Quindell threatened me with libel action becuase I accused it over overstating its profits ahead of and after its rescue bailout in November 2013. I accused it of fraud. It has today said those profits will be restated. It thus raised money on a fraudulent prospectus and folks should go to jail. Those who bought at 660p+ on the basis of those bogus, fraudulent profits and other lies should be demanding that Rob Terry be prosecuted becuase they will never get that money back.
We quite like SP Angel when it comes to research as lead analyst John Meyer is an honest chappie, who produces detailed work and can be critical when needs be. Today's detailed note covers the big stories of the day including FinnAust, Amur Minerals, Ortac and Mariana Resources and a detailed macro view on the news that is shaping global mining and the AIM mining pond. We have now agreed to carry the SP Angel note every working day going forward.
This morning Tern plc (TERN) announced a further up to £400,000 investment into its 75% beneficially owned Cryptosoft Ltd subsidiary. This is in addition to the £300,00 previously announced last year. How does that leave Tern’s cash pile looking?
For someone who has been completely wrong about the possibility of a significant cash offer being made for Quindell (QPP), I should be thankful that I haven't lost more money on my last short trade, which I entered into at an average of about 115p. I have previously made a considerable amount shorting Quindell, but it would appear to be more down to luck than judgement, considering the levels at which I shorted successfully from.
I see that the offer price is now up to 57p, a steady enough jump from the 51p offer at which these were first mentioned over the Christmas break. RNS announcements would have you believe that NAV is sitting at 82p.Don’t believe it - see HERE The real net asset value is 60.97 so the shares are no longer a buy – there isn’t enough upside now.
Two weeks ago Interquest (ITQ) presented at a ShareProphets seminar. Apologies for the delay in showing the video but here it is and for what it is worth I think it was one of the best presentations we have seen at the Monday night seminars.
Slater & Gordon shares have just been suspended in Australia for 24 hours which means that an announcement for Quindell looms today and amazingly it seems as if it may well pay £640 million for QLS. What now for Quindell?
There was, a few years ago, a big thing about the Bank of England failing to stick below its annual inflation target of 2%. Now everyone is getting worried about the latest inflation figure of zero.
I am in a good mood today for two very good reasons (here and here) and I sense that this will endear me all the more to the Morons on the LSE Asylum especially on the Worthington board but also Quindell as we head towards PWC. Thus- in response to reader requests – with a deadline of Sunday midnight, Bulletin Board Moron of the Week is back.
This release should have gone out on Friday but I guess it will go out at 7 AM Monday. In case you can’t wait here is the EMED Mining (EMED) RNS in full and it is good news but EMED is not out of the woods yet. I have also been chatting to the EMED CEO over the weekend – he seems a decent enough guy.
For the benefit of one reader in particular this podcast explains the difference between a share tip and a ramp, it explains pump and dump, it looks back to historic cases such as the City Slickers and explains why Bulletin Board Morons use the words differently to normal human beings.
Enough is enough. Tom Winnifrith’s revelation that EFH has dumped the entire holding of 2.25 million shares transferred to it by Cloudbuy (CBUY) Chairman Ronald Duncan is shocking. It makes a total mockery of the disclosure requirements demanded by the FCA and AIM Regulation and as such I have today written an open letter to the heads of those two bodies, Mr Marcus Stuttard and Mr Martin Wheatley.
To our critics who think we do not count, we say think again.A week after moving servers, everything seems right with the world. Everything is speedier, nobody is complaining about databases not being found to me at 4 AM, and using the EPIC search is a breeze now. I hope that everyone is getting an improved experience.
In 2014 the esteemed firm of KPMG (Southampton office, three partners) started its audit of Quenron just after Christmas and by March 31 had done enough to allow Quenron to publish the 2013 results – less than three months and the job was largely done. When did PWC start work on reviewing Quindell’s fraudulent accounting policies? Early December 2014.
The returns from Chinese, US and Aussie companies on the casino have been dreadful but should there be a blanket ban on any more non UK companies listing? No. But investors should consider treating all non UK stocks as bargepole stocks and AIM needs to work out how to get "proper" UK companies listing.
The conventional wisdom is that you should follow the “insiders” that is the board in terms of buying and selling shares. Sometimes the conventional wisdom is wrong. We can start with buys.
What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips, plus what sexism at the BBC
It only took 15 days but I have just received my first lawyer's letter of the year, via email. So here is a little quiz. Who sent the letter:
So Carillion (CLLN) has gone tits up. You do rather feel for its 19,500 employees but as folks work out what happens next there is an orgy of recriminations. What lessons do you learn?
So yesterday saw Joshua go to his first proper football match - Brislington Ladies vs West Ham Ladies. A full photo report will follow later but the language from the Essex Girls in claret and blue was not very lady like. Listeners, I was shocked. On the markets I look in detail at Versarien (VRS), Greatland Gold (GGP), Velocys (VEL), RM2 (RM2) and as well as Nomates Neil Woodford I also have some Julie Meyer news, I fear that "Praise Be the Lord" may be about to send me a letter.
A hat tip to Waseem Shakoor for the graphic below. Carillion (CLLN) went bust today. Greatland Gold (GGP) has seen its shares halve as Newmont has pulled out of a jv. So what else do folks owning these two stocks own? See below.
As you know I got a lawyer's letter from the Ariadne Group run by Julie Meyer yesterday. I explain why the in house lawyer poodle chap is a very confused young man. He has not, as he said he would, got back to me to clarify his confused position. I urge you to read Nigel's AIQ expose today as it is most excellent. I discuss Haike Chemical (HAIK) and why it is by definition a bad company as is - as per today's article here - Purplebricks (PURP). Then it is onto the looming bun fight at Paternoster Resources (PRS) - if any of Nick Lee, Amanda Van Dyke and Melissa Sturgess which to dish dirt on the oppo, I am here and happy to publish it all. You see I am everybody's friend.
Having taken a look at the prospectus for the flotation of AIQ (AIQ) on the Standard list in part 1 we now move on to Mama Captain, Barrel2U, Mama Harbour and iBuddee. These outfits have faced allegations of being ponzi/MLM (multi-level marketing)/pyramid/money game schemes.
Andrew Monk's VSA floated AIQ on the Standard List last week. Its shares soared 1000% and were suspended. As Andrew notes, through the passive investment vehicle RRR I own shares in AIQ (about £10 worth - CORRECTION I am told it is £1841 worth!). I will try to sell the lot as the valuation is insane. But Monk wants to defend his corner so before our writers really go to town - and I am on their side - here is Monkey in his private email to clients today...
North of the Border, www.scottishhousemove.co.uk is going after Purplebricks (PURP) big time. Its homepage boasts that it will undercut Purplebricks by £750 and carries a stream of dismal reviews from allagents.co.uk for its larger rival. Then it really goes on the attack as you can see below.
Investors who believed all the hype surrounding Greatland Gold (GGP) received a nasty shock this week when the share price collapsed, but for many of us who have been around the market for a while it didn’t really come as much of a surprise.
Last week’s flotation of AIQ (AIQ) on the LSE’s standard list raised a lot of questions. For a start there was demand for the stock, but apparently no stock available to buy: it seems the registrar had yet to send out certificates and so the shares rocketed until they were suspended. But after much digging, there appears to be rather more to the story than the listing of a bare Cayman Islands shell. Where to start?
There's been an accelerated bookbuild which has seen Adam Reynolds and a number of close allies place out all their stock in React PLC (REAT). The shares we own were not placed out. We will only sell after advising you to do so.
To understand why 2018 will be a catastrophe, imagine a magnificent mansion built with the finest materials and craftsmanship and furnished with the most expensive furniture, carpets and decorated with finest art. Now imagine this mansion is built on quicksand. It will have a brief shining moment and then sink slowly before finally collapsing under its own weight.
Despite the scepticism previously exhibited on this stunning website, I would not be in a rush to sell shares in Versarien (VRS). Even though yesterday’s leap was approaching 35%. That’s normally a signal for this old punter to trouser the profits. But this is one of those mystery shares which could go either way, and I don’t welcome the pain of maybe selling too quickly.
Clearly, the whole AIQ (AIQ) IPO was a farce the way it has been handled and having also been digging around, there is more to come but I will leave it in the excellent hands of Nigel to report further on the dodginess here. I will just turn my hand to a bit of poetry inspired by Monk’s defence this morning and by recent Twitter hilarity.
Hello, Share Pilers. Even though you must be making dollops of money from shares, given the perky Footsie, some of you are still scrimping a few quid a month, by avoiding a life-saving subscription to this magnificent website. That makes no sense, as it will help you avoid making slips which could put you back to square one again.
Geotechnical engineering contractor Van Elle (VANL) has updated regarding the demise of Carillion plc as it “carries out regular work for Carillion as a specialist lead sub-contractor, principally in respect of rail improvement and maintenance work where Network Rail is the end customer”…
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