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Another red flag at Supply@ME Capital - more rogueish e-mail behaviour by the market abusing CEO Zamboni
The chairman of Supply@ME Capital (SYME) is an insider dealer, we already knew that the CEO was a market abuser and yesterday it became apparent to all that it is making up its accounting policies as it goes along. Its supposed clients, such as Carrefour, appear to be fiction, and now another email from Alessandro Zamboni surfaces. Oh dear.
- By Tom Winnifrith |
- 29 September 2020, 13:13 |
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Ariana Resources – ouzo at the ready: $35.75m incoming, half to be distributed (after tax and costs)
That bottle of Ouzo was already on ice, but this morning we learned that partner of AIM-listed Ariana Resources (AAU), Proccea, is to pony up $5.75 million to Ariana for its proposed share in Salinbas to add to the $30 million we already knew about from proposed new partner Ozaltin under the new joint venture scheme currently on the table. Of course, anyone who listened to Tom Winnifrith’s interview with Ariana CEO Kerim Sener at our MineProphets online conference would have known there was more to come, but this morning’s news was a welcome surprise as to its magnitude…
- By Nigel Somerville |
- 29 September 2020, 13:11 |
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Falanx – “successful fundraising” ‘thanks and now big screw you’ to the smaller investor...
A “Confirmation of successful fundraising” announcement from Falanx Group (FLX). With the shares having reached 1.9p last month and last closed at 1.175p, what are the details of this “successful fundraising”?…
- By Steve Moore |
- 29 September 2020, 13:04 |
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RNS potpourri: AA, Hotel Chocolat and Greggs
Loads and loads of regulatory news updates this morning but I must admit nothing that really strikes me as worthy of a standalone article. For example, AA plc (AA.)…
- By Chris Bailey |
- 29 September 2020, 11:20 |
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Bluebird Merchant Ventures – a giant leap forward, 114% ahead but much more to come...
Shares in Bluebird Merchant Ventures (BMV) have raced ahead to 5.35p (well up on our 2.5p offer share tip) but there is every reason to hang on for even bigger gains. The latest news is very exciting indeed for we loyal shareholders…
- By Tom Winnifrith for HotStockRockets |
- 29 September 2020, 11:12 |
Why this Soft Drinks Company Could Put Some Fizz into its Battered Share Price
Irn Bru isn’t a Star Wars character but a soft drink a bit similar to Tizer, so how has its owner A G Barr (BAG) done in the virus crisis? Not too badly, it seems, though the share price has been hit for six. Maybe a recovery is on the cards…
- By Malcolm Stacey |
- 29 September 2020, 09:15 |
Fulham Shore – further updates, how’s the net debt and outlook uncertainty now?...
Franco Manca and The Real Greek restaurants company Fulham Shore (FUL) “announces an update on trading ahead of the publication of its audited results for the year ended 29 March 2020 (‘FY20 Results’) and an update on the timing of publication of the FY20 Results”…
- By Steve Moore |
- 28 September 2020, 15:37 |
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Tom Winnifrith Bearcast: Today's defamatory hate mail comes from Ian_Roy_UK@yahoo.com
Does anyone know this Ian Roy Duncan? He seems unhinged but I receive emails, like the one I read out in this podcast, more or less every day. Ian owns shares in Supply@ME Capital (SYME) and I discuss that particular Norfolk and why you have to be truly thick as two short planks, as Ian is, to own after today’s news. I also look at Verditek (VDTK), UK Oil & Gas (UKOG), Red Rock Resources (RRR), Zenith Energy (ZEN) – for whom I have a question – Avacta (AVCT) and ValiRX (VAL) where the valuation, even after today’s fall, looks bonkers after trial data which I discuss and analyse.
- By Tom Winnifrith |
- 28 September 2020, 15:23 |
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Another Letter to the FCA: Dominic White of Supply@ME Capital & Insider Dealing
Yet again I find myself writing to the FCA following today’s operations update from Supply@ME Capital (SYME), the laughing stock of the Standard List. The trading statement is clearly fiction and any rational soul will see the need to resort to aggressive accounting and making unverifiable claims as a sign of sheer desperation, which is why a sale announced on Friday by Chairman Dominic White of c£1.5 million of shares looks utterly suspicious.
- By Tom Winnifrith |
- 28 September 2020, 13:41 |
Surface Transforms – argues “pleased to announce” results… but what about the underlying cash burn?
Writing earlier this month with the shares then having soared to 47p, I reviewed Surface Transforms (SCE) “truly game changing” contract award. Is it?, & how’s the current financial position?. Now “pleased to announce” results for the first half of 2020…
- By Steve Moore |
- 28 September 2020, 13:06 |
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Supply@ME Capital: Insider dealing, aggressive accounting and a joke trading statement, what’s not to like?
On Friday, we were told that Supply@ME Capital (SYME) chairman Dominic White had dumped £1.5 million of shares with a spurious and plainly fictitious excuse. Today, a risible trading statement and the shares are off again. Now are we really saying that the information announced today came as a shock to White? If this is not insider dealing then I am a banana!
- By Tom Winnifrith |
- 28 September 2020, 13:06 |
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Is Diageo telling us something about November's US election?
Back in April, I mused about how the spirits behemoth Diageo (DGE) was a great insight into the broader markets. Interestingly, the share price today is within one percent of where it was when I wrote about the company more than five months ago – which tells you just how much we have been treading water at multiple levels over that period. Anyhow, the above observation includes factoring in a 5% odd share price bump today. So what did the owner of the Johnnie Walker, Bell’s, Smirnoff, Bailey’s and Gordon’s brands among many others say today in a pre-AGM trading commentary to induce such a reaction? And what can be discerned about the wider view of the world?…
- By Chris Bailey |
- 28 September 2020, 11:11 |
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Eddie Stobart Limited Interims: another bath for shareholders in view?
This morning AIM-listed Eddie Stobart Limited (ESL) released its interims – the first reporting period following the accounting shambles which threatened to destroy the Eddie Stobart business and left the company with a (just under) half share of the business it used to own (less a load of 18% debt). So how are things?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 28 September 2020, 10:56 |
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Can Rolls Royce strengthen its balance sheet and recover longer term?
Rolls Royce (RR.) is one of the most famous British companies, and even though it no longer associated with the car brand, it is still renowned around the world for its engineering prowess. But despite its reputation, it has struggled in recent years and the arrival of Covid-19 in combination with a poor set of results for 2019, not to mention impending debt repayments, caused the share price to plummet back in late February and throughout March. Since then, apart from a brief recovery in early June when the markets bounced back, it has seen a further decline and is now trading at close to an 85% discount compared to where it was a couple of years back…
- By Gary Newman |
- 28 September 2020, 09:40 |
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Block Energy – rebel alliance appeased….for now
AIM-listed Block Energy (BLOE) seems to have made a pretty decent effort at addressing the problems I raised HERE. On Thursday, an RNS appeared which seems a pretty good overview of where things are and announced the departure from the board of NED and former technical director, Mr Roger McMechan…
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 28 September 2020, 09:30 |
Food and Clothing is All You Really Want as Associated British Foods Shares Prepare to Recover
Hello, Share Minders. There are some companies that you feel are more likely to withstand any disasters thrown at them, including the virus. One such firm is Associated British Foods (ABF), which has the cost-cutting clothing high street stores Primark and a food supply bit…
- By Malcolm Stacey |
- 28 September 2020, 09:21 |
Video: Central Banks Hoarding Gold
Analyst Jan Nieuwenhuijs has strong views on the commodity markets, gold, and the problems within central banking.
- By Tom Winnifrith |
- 27 September 2020, 17:13 |
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Buy AEX Gold - 60%+ upside
On 31st July this year it was “Admission And First Day Of Dealings On AIM” for AEX Gold Inc (AEXG , TSXV:AEX), with founder and CEO Eldur Ólafsson emphasising “a highly exciting moment for AEX Gold, with our successful fundraise allowing us to progress our corporate vision, whilst also providing UK and European investors with the opportunity to be a part of Greenland’s growing gold sector. We now have the financial capacity to push forward to production at our high-grade Nalunaq gold mine together with targeted exploration across our wider gold acreage in Southern Greenland. Our ambition is to become a full-cycle gold mining business of scale in Greenland, with Nalunaq the first project in what we believe could be many from our existing portfolio of gold assets”. But hang on, haven’t we heard of Nalunaq before?…
- By Tom Winnifrith & Steve Moore |
- 27 September 2020, 17:13 |
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Hello ten quid for my GVC shares! So what do I do now?
- By Chris Bailey of Financial Orbit |
- 27 September 2020, 11:23 |
Sunday Long Reads: Girl drink drunk, disruption con, big cats, space gold, Barbecue 67
Here are five long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don’t you?