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In June I noted (see HERE) an announcement from AIM listed health technology company Fitbug (FITB) of “an agreement with inflight retail specialist, Scorpio Worldwide Ltd, to include a Fitbug/Kiqplan product bundle within its range of products promoted to major airlines”. This following an announcement the previous month that Fitbug “has expanded its pioneering Kiqplan offering through the launch of four new training programmes”. I questioned the financial import and that these looked more like “trying to run-up interest in its shares, another fundraising ahoy?” a red flag. And so today…
John Meyer of SP Angel this morning comments on Amur Minerals (AMC) and W Resources (WRES) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
In the latest edition of Financial Orbit Speaks, Chris Bailey focuses on the impact of the recently strong US dollar, why this is unstable for the global economy and what areas to focus on if this there is a change in financial metric leadership. Click below to listen to the podcast.
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at the shares of 21ST Century Technology (C21), Jiasen International (JSI), IS Solutions (ISL) and project some share price targets.
One of the things that jumps out from the 2014 Quindell (QPP) accounts was the candid level of disclosure about the NIHL business. Rob Terry and the rest of the committing fraud squad would never have given this much info. Schoolboy errors all round from the Newbies. Bearing in mind that previously the first anyone ever heard of this shit was the investor presentation in June 2014 and that which we at ShareProphets subsequently pulled to pieces, the starting point has to be the numbers of claims.
It perhaps remains to be seen whether the name of Wizz Air manages to be the kind of winning brand of EasyJet, or indeed, FastJet!
I ended my previous write-up on esure (ESUR) with the observation that ‘my conclusion is to leave the shares for other investors. That is – of course – unless it brings that Italian-Welsh mock opera singer back… ‘.
While we do not have too much to go on in terms of the length of historical data on the daily chart of Kuala Innovations (KUL), it can be seen that the short period the shares have been on the market in terms of the latest price action trace has been outstanding.
How do you know what a North Sea development project will cost? Well, most of us have our rules of thumb, some a tad more sophisticated than others. They range from just knowing that North Sea capex per barrel has been running at nearly $30/bbl for the last few years to sophisticated computer models based on construction rates and equipment weights.
Featuring African Potash (AFPO), Beowulf Mining (BEM), CPP Group (CPP), Vast Resources (VAST), West African Minerals (WAFM).
Hello Share Twizzlers. As we all know, Uncle Tom has been saying for some weeks now that he is going on a sabbatical. He said he was worn down by the constant stress of all the investigations and rude reactions.
Afren may be in administration but some Bulletin Board Morons see upside for the shares. Other morons want Chris Oil to join the board at Sefton while others regard the FCA and SFO enquiries into Quindell as good news for Rob Terry. Meanwhile Worthington news must be imminent but for the morons no news is good news while news will also be good news. You can’t make this stuff up. And so let’s have another contest this week, as the Victorians visited asylums to peer at the insane we marvel at the Morons in the LSE and ADVFN asylums. You can see the full variety of insanity from last week HERE - The winner of last week’s contest was Juicin Drumroll with this gem from the LSE Asylum:
Released at 6pm on Friday night, this is a devastating RNS from Independent Oil and Gas plc (IOG). For anyone invested here, simply read the RNS which is reproduced below. It says it all: the long promised funding package which was supposed to see the company through has failed because the investor has walked from the deal. Independent has funding thought to just 4 September, at which point there is a £358,000 loan from Darwin to pay back.
Is the stock market about to crash? Is gold the place to be? You know that my answers to those questions are YES and YES. But perhaps the crash is already underway.
Ariana Resources (AAU) has updated investors on progress towards production at the Red Rabbit gold project in western Turkey, with the project “now clear to proceed in to construction”.
This week’s disclosures by Quindell (QPP) have shown conclusively that the gargantuan body of work which started back in April 2013 by ourselves and colleagues at ShareProphets was on the button. Along the way there were allegations of securities fraud, accounting fraud, VAT fraud, insider dealing, market abuse in what is simply a staggering litany of revelations. The evidence was passed to the FCA, AIM Regulation, the SFO and others in a series of submissions going back to April 2014. Yet the FCA and AIM Regulation utterly failed to act on the evidence handed over. The FCA took until June of this year to open an investigation – we rather suspect because of a me-too response, once it was known that the SFO was involved and that the Financial Reporting Council (FRC) had been looking at Quindell. AIM has yet to confirm any actions beyond a spot of belated flag-waving.
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at Falcon Oil & Gas (FOG), Tristel (TSTL), Verona Pharma (VRP).
Two bad things today. West Ham kick off what is bound to be another season of Premiership disaster and more importantly my cat Tara seems to be very sick. Seeking distraction I read the Sunday financial press and feel disgusted, a sense of being made nauseous by the stench of corruption everywhere. Afren, Quindell, the financial press, it is tempting just to give up on shares. Is not the whole game rigged by the crony capitalists? It is not. But a lot of it is as I explain in this podcast. I end by explaining why my emails will go unanswered for days and twitter ignored almost completely for the next seven weeks. I have an urgent deadline.
I had a good chuckle at Ben Turney’s ShareProphets Translation Service piece (HERE) covering the formal statement issued by AIM Regulation regarding the biggest stock market fraud the UK has seen in thirty years, otherwise known as Quindell. I am not laughing now. Wednesday’s statement from AIM Regulation proves once and for all that it is just a sham designed to lure investors into a false belief that the LSE’s junior market is policed. It is a front, and an affront.
It may be the case that there is not much to go on in terms of the charting configuration of Uru Metals, especially for a stock which is clearly not the most liquid on the London market, but there is certainly enough for a chartist to make a call of value here.
It is not as if Optibiotix (OPTI) management do not put their money where their mouth is. Just a few days ago chairman Neil Davidson splashed out £150,000 buying shares at 71p. Now we have news of an option package for three senior staffers including Davidson. No options….one way bet… nooooooooooooo you scream. No. Read the RNS.
For those of you who are contrarians you will have heard the quip by Baron Rothschild that the time to buy is when there is "blood in the streets" and by extension, the time to sell is at the point of maximum euphoria - "this time it is different" are the kind of words that should make you bridle.
Thank God for small mercies. Now we can start a rota on who has to listen to Brokerman Dan blathering on about blockchain and what a frigging genius Clem Chambers is. For now there is a third rogue blogger joining us as we walk the 32 miles from Horse Hill to Woodlarks on July 28. He is a man who knows Horse Hill well…
I’ve been following darling of the bulletin boards, Versarien (VRS) for some time finding the ever-increasing share price more and more incredulous. I thought I would use today’s results to take a closer look and come up with a considered valuation. In short, this appears to be the in the top 5 most overvalued shares on AIM – get out while the going’s good!
The extract from the Land Registry below is in the public domain and looks like a huge misunderstanding to me. Worthington (WRN) may be in administration but it seems the FCA have a few questions for its former boss Doug Ware. I am sure there is a perfectly innocent explanation for all of this.
Maybe Julie "Lingerie on expenses" Meyer MBE has other problems to consider? Take it from me that she does. There is more to follow, the wheels are a turning. But perhaps she or her uber expensive bully boy lawyer Julian Pike might answer a simple question for me. It relates to ASX listed Norwood.
Oh dear, I sense that in my adopted home of Greece there are a few folks heading for the slammer in connection with the Folli Follie Fraud which we helped Gabriel Grego to expose on this website. It seems like just the other day that burly security guards were chasing me away from its HQ North of Athens, as you can see HERE.
I recorded this on my last night in Greece. As you listen I shall be starting the trek back to Bristol. I appeal to those yet to donate to the Woodlarks charity walk by myself, Lucian Miers and Brokerman Dan to donate HERE - we are at 69% of our £20,000 target and every cent pledged will make a difference. Thanks to a reader for spotting a court case involving Safestyle (SFE) which is utterly shocking - I reckon this makes the stock uninvestable. I then take issue with the analysis of a City pal of Chris "three brains" Bailey on the matter of fraud.
I’ve touched on Immunocore a few times in passing as it one of the largest holdings in Woodford Patient Capital Trust (WPCT) as well as being the largest investment made by Dublin-listed Malin Corporation, of which Woodford is the largest shareholder, obvs! Well, it looks like it’s not a particularly happy ship and I wonder whether a (further) devaluation is required?
Previously writing on SRT Marine Systems (SRT) in April, I concluded with previous delays and a current market cap of more than £30 million, I await to see evidence it is actually on-track as well as the cash flow and the balance sheet. Today a “SE Asia Contract Change” announcement…
I assume that dividend munchers are feeling a bit glum today as the FTSE 100's most boring company (as I previously dubbed it HERE), Scottish & Southern Electricity (SSE) is seeing its shares fall by 3% odd percent. So what is going on?
HaloSource (HALO) “is pleased to announce that it has received initial orders for its new astrea ONE lead filtering bottle from its first retail customer in the US”. Hmmm, promising or ramptastic?...
Previously writing on Hotel Chocolat (HOTC) it was interims emphasise “another period of strong progress”… but progress enough for the valuation?. Now a trading update for the company’s year ended 1st July 2018…
Shares in Be Heard (BHRD) are currently the leading fallers today on the back of a trading update. The digital marketing services group though commences that with revenue up to more than £14 million, including 15% like-for-like growth. So what’s the problem?...
I commented on the lunatic management at Premier Foods (PFD) a couple of weeks ago HERE, who, after turning down a perfectly good bid, are circling the wagons against activist investors who want to help to start to create value by booting out the CEO. I could not agree more with their assertion that the CEO's tenure is 'five year of failure'...
Hello Share Shapers. Royal Mail (RMG) is not a share I would buy more of. I will however hang onto those I do have for a while longer. Though I really ought to be looking for a good exit point I think.
Previously writing on Goals Soccer Centres (GOAL), with the shares down to circa 75p I cautioned with the trading update, currently awaiting a new CEO and the Chairman admitting “our recovery plan remains ‘work in progress’”, I certainly continue to avoid. Today a further trading update – and the shares currently down below 70p…
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