Hot share tips and all the big AIM exposes from the City's most-connected reporters
Fortune Mojapelo of Bushveld Minerals (BMN) strikes me as a decent fellow and his presentation at UK Investor Show seemed more than competent. Enjoy..
Attending the London Stock Exchange (LSE) AGM on Wednesday was a profoundly depressing experience. It was like what one imagines a Communist Party Plenum in some third world country might be like, packed with muscular security and unsmiling jobsworths. Extremely un-British in all respects. A photocopy of a letter from my broker confirming my holding in the company was not deemed acceptable and I had to take a cab ride up the road to get the original.
AdEPT Telecom (ADT) has announced an agreement to acquire Centrix Ltd, a provider of complex unified communications and managed services, for up to £10.5 million – it looks a canny deal.
We continue our series on why various ShareProphets writers are voting for a range of parties on May 7th. I asked for a postal vote and so I have already voted and I voted Tory. Since I view the entire political class with contempt the main reason for voting Tory was to annoy my Labour voting wife. But there are actually three more serious reasons why everyone should vote Tory in the General Election.
Two looming scandals on the AIM casino -next week will be New World Oil & Gas (NEW) where it could be an explosive headache for ninth rate Nomad Roland "fatty" Cornish and then Aquatic Foods which the Chronic Investor reckons is a Red Flag free China play. Au contraire.
Patrick Cheetham, indefatigable executive chairman of unloved Sunrise Resources (SRES), declares himself ‘delighted’ with test work results from the company’s County Line diatomite project in the US state of Nevada, while Sunrise continues to pursue a diverse range of other ventures from Australia to Ireland. Investors may be less delighted with Sunrise shares’ 87% plunge from a 2005 AIM float price of 2p to a mere 0.25p now, down from a 12-month high of 0.55p, though the company was able to raise £210,000 at 0.2p the other day for further exploration in the USA and Down Under.
The next presentation from UK Investor Show 2015 is by Kevin Foo of Victoria Oil & Gas (VOG) who also appeared on the main stage oil panel.
As co-founder of NWOGaction (www.nwogaction.co.uk) I intend to vote against New World Oil & Gas’ (NEW) placement at the forthcoming EGM on May 19th. After an extremely intense 72 hours, I have given this a great deal of thought and explain below my rationale.
Okay, Mr Monk is a stockbroker but he is not a bad fellow and he can present well. Here he is at the UK Investor Show talking about Anglo Africa Agriculture (AAA).
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the most shorted 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 Monkeys. The most common question I was asked in the Blogger’s Café at the legendary UK Investor Show was: where exactly is the Punter’s Return?
Actually this is the April tip of the month so in May you will get two tips of the month and you can join the UK’s fastest growing share tips website for one month for just £5 – so that is £2.50 a share tip. Or
And so a month after Westhouse quit as Nomad to disgraced City advisers Daniel Stewart (DAN) no nomad has been prepared to take on this bag of shite and – again – its shares have been suspended from the casino. If no-one wishes to destroy what reputation they might have and act as Nomad by June 1 then Daniel Cesspit shares will be booted off the casino for good. I warned you about this yesterday HERE. But Cesspit reckons that all is far from lost.
Thank god i am not at Free Speech & Liberty pizza as every commie in London is marching past to celebrate "workers day". When is the day that celebrates the real stars: capitalists? After passing on news of Oakley's health I cover Daniel Stewart, the China frauds including Sorbic and Jiasen, Ascent Resources, Mosman Oil & Gas (joke), Coms, Mopowered, Horse Hill, Berkeley Minerals, Greville Janner, Begbies Traynor, UK house prices and the POS AIM Casino company that has sent me a lawyer's letter.
New World Oil & Gas (NEW) has not issued an RNS to confirm whether or not Bill Kelleher has repaid the several hundred thousand dollars he owes the company or if he has left his role as a well-paid technical advisor. Frankly, New World should have done, but we’ve now been passed some other interesting information concerning one of the directors’ wives. It appears that the Kazakh Department of the Agency for Public Service and Anti-Corruption is seeking the arrest of Peter Sztyk’s wife for “misappropriation or embezzlement of entrusted property”.
In my spare time, i.e. when I am not writing articles, I like to think of myself as a passable petroleum engineer. So I thought I would mock up the memo I would have written to Messrs Lenigas of UK Oil & Gas (#UKOG), Sanderson & Ritson if they had had the gumption to ask for my advice. I can't blame Messrs Lenigas and Sanderson for not calling me as they don't know me from Adam, but Neil, well all I can say is I'm hurt, deeply hurt.
Another video of a presentation at the UK Investor Show 2015 and again I have met the CEO, Ian Strafford-Taylor, and have some time for him. This is FairFX (FFX).
Like all small gold explorers Ariana Resources (AAU) has been a complete dog of an investment but at 0.95p to buy we think it will bounce and is a very attractive trade. And there are three reasons why.
Another CEO who seems a sensible chap and I have some time for - Stewart White of Collagen (COS). This is a video of his presentation at the UK Investor Show 2015
This must all just be a complete coincidence. Two AIM China companies have announced the sacking of their head honchos by the non-execs. Both are suspended pending financial clarification. Both have engaged Chinese legal firms to gain control of cash/assets of their respective companies. Both apparently have plenty of cash, it is just a small issue that the cash seems to be stuck in China.
Nine share tips tips, defending Churchill, and not missing Nigel Wray. And much more...
Oddly enough Britain's most conceited fund manager Neil Woodford has yet to agree to appear at UK Investor Show to answer some simple questions from me. What is he frightened of? I will have to go ahead with the session without him but I hope that he does not bleat on about how he had no right of reply! Anyhow, I discuss my futurology piece of yesterday and how it should be viewed if you are, like Nomates Neil, a big holder of auto related stocks. I cover BCA Marketplace (BCA), The AA (AA.) and Northgate (NTG) in this section. I also look, en passant, at another Woodford dog RM2 (RM2). Then I cover Milestone (TOAST) and finally pick up on the most excellent post on the comments section of this site by Drunken Sailor on POS Andalas (ADL)
Picking shares should be easy, right? Find a company where both profits and cash flow generation are improving plus where investor sentiment is shot to bits and the Gods of both fundamental analysis and investor psychology should be on your side.
Gold has rallied back close to trendline resistance. Will it push through this time? That will depend on if Gold can breakout in real terms (against stocks, currencies) as its strength over the past year has been driven by only US$ weakness. This is the question answered by the only half decent technical analyst on this planet, Jordan Roy Byrne in his latest Palisade Capital podcast.
Stanley Gibbons (SGI) has announced a Proposed Refinancing, including raising £6.2 million at 2.5p per share… and the shares have currently responded more than 15% higher on yesterday, above 5.5p…
As Neil Woodford is such a believer in transparency, he has pulled his monthly updates altogether so these monthly updates now take on a greater importance to provide much needed information to the long-suffering investors in the three funds. Can’t imagine why Woodford stopped them?
Union Jack Oil (UJO) has updated including noting a draft decision advertisement issued by the Environment Agency that it is inclined to award a bespoke environmental permit for drilling and testing the Holmwood exploration well in PEDL 143 and how the company “is positioned to deliver ongoing news flow throughout 2018 from our onshore portfolio of producing assets, drill-ready appraisal and exploration targets”…
Hello, Share Pickers. Previously, I’ve recommended the old Royal Insurance Company which is now RSA (RSA) to your further probing. And having now reviewed last year’s results, I’m rather glad I did.
Shares in tech wafer supplier IQE (IQE) have been on a tear recently - after the company has been the subject of not one but two short reports which questioned the accounting treatment of two joint ventures it set up in 2014.
My friend and former colleague the aristocrat Dru Edmonstone was - as widely reported - sentenced to 21 months last week for a £60,000 benefits fraud, something the pathetic wretch did to fund his spread betting addiction. I discuss this and ask does a case like that of Dru justify the current clampdown on spreadbetters. I think such a clampdown would not have stopped Dru for addicts will always find a way. I discuss the odd goings on at Saffron Energy (SRON) which hardly inspire confideence. But my main focus is on the revelation HERE by Cynical Bear that Neil Woodford's flagship £7.1 billlion fund has taken on an overdraft, as an emergency measure to fund either redemptions or a growing collection of falling knives or both. If Woodford believes what he says about markets being overvalued - and I do - this is a sign that Britain's most conceited fund manager has completely lost the plot and may be not that far from the final collapse.
I last wrote about PCG Entertainment (PCGE) about six months ago (HERE) after it announced its Riverfort funding deal which I thought was potentially ok provided PCGE kept up its newsflow to provide the necessary liquidity to soak up the Riverfort sales; however, unfortunately, nothing of any import has been announced and in fact, nothing has happened at PCGE since the dark ages it seems – isn’t it just a cash shell?
England’s newest Alternative Merchant Banking company First Sentinel PLC has one mission for its shareholders: value creation and growth. Sometimes it can be hard for investors to find the right opportunities offering good returns with an acceptable level of risk. Often investment opportunities are made available to institutional investors with retail or high net worth investors coming second. First Sentinel works diligently to gain access to such investment opportunities to the benefit of shareholders.
Hello, Share Carriers. Even a raging bull like myself has to accept that sooner or later shares will crash to more realistic levels. There was a scare in that unhappy direction a couple of weeks back, but it seems to have been a false alarm. That doesn’t mean that the real thing - a proper crash - doesn’t continue to threaten us. So what should we do to preserve our assets now?
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Ignore what Ed Karr says about ramping his own stocks. What he says about inflation, a word unfamiliar to younger readers, is of real note. In this podcast from Palisade Capital, Karr discusses how you need to time the market cycles correctly. Gold is currently catching a pretty good bid, particularly with the recent dollar decline. We have seen an increase in volatility recently, and things are looking pretty good for precious metals. We could break through the 1350 level this year, and 2018 is shaping up to be an excellent year for gold.
I haven’t commented on fully listed Interserve (IRV) for a while. This, of course, is another outsourcing company doing our blessed government’s good works for it – and, like Carillion (RIP) is struggling with its debt (albeit we are to believe to a lesser extent). It is also a company which has delivered less than complete clarity. But it is under new management. So I wonder why the shares (now down to just 64.9p to sell as at Friday’s close) have again been slipping.
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