Marketing group Cello (CLL) has updated on “strong trading” for the 2014 calendar year and that it “is confident of a strong trading year ahead”. However, having identified value HERE with the shares at 54p, does this remain the case at a current more than 90p?
Just when you think that Afren (AFR) can’t get any worse it seems to have the ability to release another piece of news that trashes the share price!
In today's podcast I look at Afren and the next Afren (Igas) and also at Tern and a zillion reasons to sell its shares. I have some pressing questions for Nyota Minerals and look at Quindell and comment on the great news about Kevin Ashton and the UK Investor Show. And I chat about Ocean Wilsons, Mark Slater and the perils of small cap investing.
Depressed iron ore prices and a heavy capital expenditure programme, not to mention the ebola virus, had pushed shares in Guinea-focused iron ore play Sable Mining Africa (SBLM) through the floor not so long ago, sending them crashing from an 11.25p year’s high to 0.65p, as the bad news seemed to pile up. Now, however, they have rallied to 2.05p, helped by an ‘Infrastructure Development Agreement’ (IDA) with the government of Guinea’s West African neighbour, Liberia, to facilitate the shipment of iron ore from Sable’s key Nimba project by rail 270 km. to the Liberian port of Buchanan.
Kevin Ashton was the analyst at Canaccord tasked with covering Quindell. When he handed in a note refusing to say buy or set a price target Rob Terry told Canaccord it would be fired as joint broker if it published it. So Ashston was fired. He is a feared analyst with a forensic mind and great integrity and he will now be speaking at the UK Investor show on April 18.
Hello Share Scramblers. The general election is creeping up on us like a fog around Dracula's castle. As a result we can expect some turbulent days for the old share prices.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the 20 highest single net short positions and the changes (red if short increased, green if reduced) since a previous analysis HERE.
Grand Group Investments plans to IPO on AIM tomorrow thanks to fat crony capitalist Ray Zimmerman of ZAI Corporate Finance. The usual advisers to China Norfolks are on board: dirtbag lawyers Pinsent Masons and PR poshboy Henry Harrison Topham, I say old chap didn't your grandfather bugger mine behind the bike sheds at Eton? In this podcast I look at the other Red Flags
Falcon Oil & Gas (FOG) has today said that its shallow drilling programme in Hungary is basically over after its partner failed to drill the third of the three wells it had promised. The shares have fallen to 5.5p on the news having been a tip of the year from me at a 5.75p offer HERE
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (red if short increased, green if reduced)...
In today's podcast I look at Igas (vindicated), Quindell (vindicated), Gowin New (vindicated), Cambria Africa, Flybe, Fitbug, Coms (vindicated) and prepare to have a go again at Ray Zimmerman and ZAI over its next China POS IPO
Sadly Mr Rhys Griffiths of law firm Field Fisher who believes in time travel has not been posting. Rhys old boy please do us a favour and stop acting as a bully boy lawyer for Bulletin Board Morons at the LSE.co.uk and become one yourself – you are so entertaining. In the absence of any more gems from Rhys, we must look elsewhere for a winner.
Having suffered two share price collapses in the last two years, it looks like Quindell (QPP) is setting itself up nicely for a third.
In my last piece on Tern plc (TERN) I looked at the stake in the company bought by Hargreave Hale (HH), on behalf of unit trusts that it manages. Having concluded that there were breaches regarding disclosure rules, it turns out that one of them may have another – innocent – explanation which is entirely within the rules. But the implications are horrendous.
In this podcast I look at the results and what it means for shares, the Euro and the political classes across Europe as well as Greece, including my brother in law set to reture on a full pension in three years aged 52.
Hello Share Truckers. One of my biggest ever killings came about by my having hardly any work to do. It was the amazing rise and rise of British Gas.
Mr Rhys Griffiths of law firm Field Fisher would have to be a prime contender for this award. He reckons that I have invented a time machine and also made up a quote for me to support his mad thesis. Sadly he did not post his ramblings on a Bulletin Board but sent them in a joke lawyer’s letter to me on behalf of the asylum known as LSE.co.uk so he is ineligible. But in honour of the buffoons who paid him £500 an hour to produce such piffle the competition is back.
Are we back in a bull market for gold. For the TA perspective we turn to Jordan Roy Byrne over at Palisade Capital.
Restore plc (RST) has updated “that trading for the year ended 31 December 2014 was in line with expectations”and that “we have an excellent platform for further profitable growth with strong visibility of earnings”.
The prize is a free invite to the pre UK Investor pizza and drinks with myself, Evil, Ben Edelman and other speakers which takes place the night before the show (ie Friday April 17th.) Join us as we speak freely before the show. All you have to do is guess how much Slater & Gordon will pay to buy QLS. Now accept that there is an option ( which I am going for) that it will NOT BID AT ALL so as a tie-break please supply the date at which S&G announced either a bid or that it is not bidding.
Well it is a bad day on two counts. Fisrt it is the disaster that has hit our village in Greece and its olive harvest, as I explain in a photo article HERE. Then it is events at Premaitha (NIPT), a share we own. I explain why I am not selling. I look at Stanley Gibbons (SGI) and then at FastForward (FFWD) where things really don't stack up and where there are far more questions than answers.
As I noted earlier the fantasist Chris Oil has returned to twitter as a result of "exceptional demand". And as you can see he wants to take AIM back for the "good of honest investors". Great Chris. we wish you well and it is good to have someone as honest as you fighting the good fight. I see that I am not alone in holding that view. Last Thursday, according to twitter counter he had just 2,787 follower. Wind forward a few days...
The only suprise is that the market abuser Chris Oil has not rebranded as Chris BlockChain. But after an absence of well over a year from the public arena, the man who, modestly, compared himself to Warren Buffett is back! Hooray, his investment advice has always been a golden (counter) indicator.
A TR-1 released by AIM-listed Purplebricks (PURP) reveals that Woodford Investment Management - the stamping ground of former idol Neil Woodford - has been piling in to buy more shares in the light of recent weakness in the share price. Is it good news for Purplebricks? I fear not.
This is not the news we Premaitha (NIPT) shareholders wanted and it is clearly bad news. The question is how bad? The UK High Court has upheld three patent claims made by Illumina against Premaitha.
There were those, such as our own Drunken Sailor, who argued that UK Oil & Gas (UKOG) could manage to absorb the rolling short of a £10 million death spiral announced last week quite easily and it would not hit the share price. The evidence with just 5% of the spiral drawn suggests otherwise and this makes the stock a slam dunk short.
Yesterday I exposed how fantastist Chris Oil was buying bogus bot twitter followers on an industrial scale to make it look as if folks really cared about what he tweeted. He or someone close to him has responded in predictable fashion.
The recent history of Stanley Gibbons Group (SGI) together with a 12:15pm “Update” announcement don’t suggest good news… and the news is its Guernsey investment division has appointed administrators…
I note that yesterday AIM-listed Bowleven (BLVN) released a TR-1 RNS from Crown Ocean – the rebel shareholder which threw out the old board earlier this year. It has increased its holding (again).
Today's pre-placing ramp is for serial offender in this regard, Strat Aero (AERO). The totally insolvent AIM dog boasts that it has signed a "significant" Commercial Agreement with Alnahdi Aviation Technology , experts in aviation technology in the Kingdom of Saudi Arabia to collaborate on establishing a UAV Training Centre in the KSA." Fab. So how much will this bring in? Er...
Shares in main market-listed Interserve (IRV) have been falling today, last seen down a thumping 8.2% - quite a drop for a £106 million company when there has been no news. One wonders why.
In the gold old days the fraud MySquar (MYSQ) used to report breathlessly on average daily sales volumes - that is to say cash coming in. But - as we subsequently discovered - that was largely related party non core income and it fell off a cliff on July 1. Not that MySquar bothered to let us know about that until it had got a bailout placing away. On any other market than the AIM Casino that would be securities fraud. Heck, even on the Zimbabwe Stock Exchange you'd get your collar felt for that. But on AIM fraud is okay as long as you pay your fees. Anyhow these days MySquar serves up different bollocks.
Hello Share Trundlers. Today’s commendation is one of those companies that you can take pride in supporting because it’s such a jolly humanity-serving idea. And in this case, the prognosis, in my humble opinion, looks rather good.
The Taxpayers Alliance has produced a fascinating 51 page report explaining why so many of us are "just about managing" to quote our useless Prime Minister. In short it's hard evidence that Ronald Reagan was right when he said that the scariest words in the English language are "I'm from the Government and I'm here to help." We feel poor not because of wicked Tory austerity (fauxsterity), but because of how a bloated state has distorted the economy.
Previously writing on recruitment group Empresaria (EMR) in the summer, I concluded it one of the more attractive plays in the sector but prevailing uncertainties meant wariness of the industry. A trading update today is headlined “reduced performance in Germany and the Middle East”. Uh oh…
Writing last week on Van Elle Holdings (VANL), I noted a boardroom shake-up General Meeting requisition from its founder seeking to return. Today brings a response from the company…
Self-described UK “specialist in data science led digital marketing”, Jaywing (JWNG) has announced results for its half-year ended 30th September 2017 including “since the election was called in the Spring we have seen consumer-led businesses in the UK grapple with difficult trading conditions… their first action has been to cut costs, including marketing costs”. That doesn’t bode well here…
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