Hmmmm. Lots of low grade Aim stocks are flying, the FTSE 100 is nearly at all-time highs, there is a lot of rubbish being spouted about a Santa Rally coming early and I am stuck in Greece preparing to start the olive harvest tomorrow when I should be punting rubbish on AIM making a killing. Right? Wrong.
As iron ore struggles to find friends following a 50% price slump to less than $70 a tonne, amid the collapse of London Mining and the finance crunch at African Minerals, and gold languishes unloved at $1,189.69c an ounce, Sula Iron Ore & Gold (SULA) is determinedly seeking to shift its focus and how it is perceived. Based in London and quoted on AIM, the West Africa-concentrated company, whose primary asset is the Ferensola project in northern Sierra Leone, a state in the front-line for ebola, has raised nearly £1.2 million to explore and develop what it regards as promising prospects there for niobium and tantalum.
The Albanian olive pickers have still not arrived and may well be replaced with Greek workers later today. I am now very angry. Will I make it home by Christmas at this rate? In this podcast I look at Range Resources (RRL) - suspended again and reveal the REAL story of my battle to tell you the truth about this POS - Beowulf Mining, Kalimantan Gold, Daniel Stewart, Naibu, Pressfit, China Chaintek, Gulfsands Petroleum and of course the fraudsters at Quindell
Having come to the conclusion that Royal Mail (RMG) shares looked good value at 390p in early October, I was chuffed to see the share price then rise to above 460p. Less gratifying is to see it fall to 417p after the recent publication of the company’s first half results to 30th September.
United Utilities (UU.) remains a core holding in my long term buy and hold share portfolio, and I am glad to see that recent results are largely positive. As you may have guessed by now, the most important factor for me is the dividend payment, and this has risen by a healthy amount:
On 4 November IGas (IGAS) Ceo Andrew Austin gave a telephone interview to Proactive Investors. You can watch that video HERE . You know the form: IGAS pays Proactive a fee and it asks really soft questions and pretends that it is objective journalism. In it, when asked about the share price performance, he said ‘it is depressing me’. I wonder if he had forgotten to take his dose of Prozac that day. Or was it more to do with his sale and repurchase ‘loan’ deal with Equities First Holdings LLC?
Yesterday afternoon the poodles at iii ran a story claiming that Quenron (QPP) had lost a major contract and stating that there was a real cash crisis. Quindell has responded with an RNS which is bluster and reeks of panic. The statement reads:
Daniel Stewart (DAN) is still listed on AIM - though its shares are suspended - but it clearly does not give a flying fuck about disclosure rules because it has yet to issue an RNS saying that it has lost its license to be a Nomad. So I will announce it on behalf of this POS enterprise. Peter Shea you can thank me later. The ramifications for the China frauds it represents are massive.
Of course this is the UK and the SFO are bloody useless just like the FCA and AIM Regulation. If this was the US there would have been a dawn raid on Quindell with arrests at homes across Hampshire give the wholesale fraud at this POS AIM casino company. However…
Hello Share Shooters. When I said we might have another go at Tesco (TSCO) recently, there was a volley of opposition among the comments which followed. Hardly anybody agreed that it was worth giving the supermarket giant another chance.
Get the first ShareProphets Pocket Guide ebook, EIS - Buying shares with numerous tax breaks. Want to cut your income tax bill, get loss relief if your AIM listed shares go down, pay no CGT, avoid IHT - EIS could be the way and this book explains how
The poodle reporters on Interactive Investor have hitherto not dared to annoy their readers by criticizing Quenron but even a poodle has teeth and today it has reported that Quindell has lost a major contract and – worse – cannot pay suppliers until the New Year. In other words tits up time looms. Hooray! That will be another celebratory Metaxa for me please Eleni. So when does the RNS arrive. You vote – deadline midnight UK Time, 2 AM Greek Time.
K3 Business Technology (KBT) has updated that trading in its new financial year to date “has been in line with management expectations” and also announced the appointment of an experienced interim Chairman, Lars-Olof Norell, following the retirement of its current Chair at its AGM.
Cloudbuy (CBUY) previously announced on 27 October 2014 that Chairman Ronald Duncan was taking a loan secured against ‘up to’ 4,500,000 shares in order to fund a house move. Then on 12 Nov 2014, in the teeth of the furore in the wake of being outed by Shareprophets that this was an Equities First deal, Cloudbuy ‘clarified’ that this ‘loan’ was in fact a sale and repurchase agreement and that Mr Duncan intended to complete the transfer of the remaining 2.25 million shares to EFH. Now Cloudbuy has this morning announced that:
After a brief look at the San Leon (SLE) accounts for 2012 into 2013 I feel even more aggravated by the strokes pulled by directors on the take. Today we hear the confessions of a CEO from IGAS Mr Andrew Austin who through RNS release admits his part in the Equities First Holdings LLC facility here . It would seem that the markets are not really clear on such deals but looking at the Quindell (QPP) saga you can just feel which way this is going to end up for Austin. I'm sure writers will be lining up to pull the CEO apart by his bullshit statements of how he's aligned to his shareholders yadda '' Frack off Austin, you are full of shit ''
When we look back on 2014 the market share gains by discounters in the retail sector will be one of the investment themes that will be remembered. There is therefore a certain correctness in the timing of the Poundland (PLND) IPO earlier this year. Unsurprisingly if you were lucky enough to buy some shares early on in its life as a public company you are currently at a capital loss but let’s not be too critical at least the business has shown a bit of form over the last few quarters. It is not easy to generate a 4.7% like-for-like sales growth as Poundland did over the last six months.
Quadrise Fuels (QFI) is technically in the oil producers sector but is very different to most of its peers! This AIM listed company has basically found a way of turning water into fuel, although obviously there is a lot more to it than just that.
When Canaccord was ramping Quindell with its crap research notes it was happy for them to be plastered all over the internet. It fired analyst Kevin Ashton who wanted to say sell and ignored his dossier on crimes at Quenron as it just wanted to earn vast fees and commission for acting for Quenron or raising cash for it. How times have changed.
The bloody Albanians have again not turned up - will the olives ever get harvested? And so this podcast is angry and covers Transense Technology, Sefton Resources, Maple Energy, Fitbug, Quindell, crony capitalists, investing companies and the AIM Casino and why shares are not suspended that should be
And now my friends, the end is near, it’s time to face the final curtain. Meet Sefton Resources (SER) the last company to sue me for libel. Of course Quindell (QPP) never actually served papers it just announced that it was going to and wasted shareholders cash on expensive lawyers (see HERE) to try to stop me exposing its lies and fraud. But for Sefton I have a song from Frank because the Board is Meeting today.
Taking readers suggestions for improvements, we've made it much easier to subscribe to your favourite one-stop source for breaking news and expert analysis on AIM and LSE listed shares. £5.99 pcm gets you access, that works out at sub 2p (inc VAT) per article. Think how much our big red flag calls on the AIM frauds have saved you and hot tips like IQE have made you. Its a nil brainer....it's madness not to sign up.
I am a shareholder in Amryt (AMYT) which has had a placing today. I am furious and feel shafted. The shares are almost certainly cheap but I feel livid so am off, with Joshua, for coffees with the fit young mums. I also comment on i3 Energy (TOAST), 88 Energy (88E), Frontera (FRR) and ADVFN (AFN).
How the Bulletin Board Morons laughed at me as I warned in the strongest possible terms that 88 Energy (88E) shares were a slam dunk sell and that drilling of the Icewine well was not going well. Please form an orderly queue morons I guess you did know better than a trained oil analyst after all. The shares have slumped by 0.75p to 1.25p but a market cap of £56.9 million is still way too high. There is worse to come.
I start off with a cheque received for 29p. Then as we see the Purplebricks (PURP) share price start to melt I look at hard maths and explain why the shares will collapse from here. I look at the Rose Petroleum (ROSE) placing, misleading comments from worthless crap Strat Aero (AERO), dismal interims from shamed lifestyle company Magnolia Petroleum (MAGP) and then at Intelligent Energy (IEH) which looks like a zero in waiting.
The debt timebomb has not gone away. In fact it is bigger than ever and that has massie implications for all of us, the central theme of this month's newsletter from the world's biggest investor in resource stocks, Sprott Asset Management. It writes:
This week's Bulletin Board Moron contest is sponsored by Nyota Minerals, a company that has more lives than all of our reader's cats.
Falanx (FLX) has announced a partnership with Stone Group, a major supplier of IT services to the Education sector and Government. Stone provides the hardware to all these money tree-funded bodies and will, in future, promote Falanx Cyber Defence as its sole cyber security partner.
Last night at 5.25pm Nyota Minerals (NYO) announced that its shares were being booted off the AIM casino. The roll call of shame on this one is appalling. We have AIM Regulation, broker Peterhouse and the directors of the company seemingly all at fault here, not to mention former Nomad Beaumont Cornish and two further Nomads, ZAI Corporate Finance and Allenby being dragged in. It is a true horror show. But rather than look in the mirror, the directors pointed the finger at ShareProphets – blame the media, the investigative journalists, blame evil Tom Winnifrith and myself, Nigel Somerville. This is shocking.
Uber has lost its London license thanks to Transport For London (TFL), a move applauded by useless Mayor Sadiq Khan, The Guardian, the BBC and black cab drivers. But it is very bad news indeed for London and I explain why. It is symptomatic of a new era of economic madness as is Theresa May claiming giving £20 billion (it will be more) to the EU is a good deal and our useless PM also trying to satisfy the greed of lazy and overpaid public sector workers. Perhaps the biggest sign of this madness and wish for economic hari-kiri is Labour's plan to renationalise the utilities. It is utter madness but no one dares say so. We are heading faster and faster towards the precipice my friends.
Hello, Share Poppers. It’s always a pleasure to listen to comment from readers of this terrific website. So a few months back, I bought some shares in Aeorema Communications (AEO), as one of my readers said they couldn’t understand why the stock of such an award-winning company was not doing much better.
Hello Share Samplers. When a share approaches company results day, whether for six months or the full year, we can expect the share price to rise. Once that special day arrives, the value often falls - even when profits are in line with expectations or even better. Naturally, the most trading often goes on in the run-up to the announcement concerned and in the week afterwards. But there’s an advantage in buying your shares when nothing imminent is on the company’s diary and when no other news is expected.
Symphony Environmental Technologies (SYM) was a 6.75p offer price share tip – and the shares rose to 11.5p on the back of a first half of 2017 results announcement, though have currently slipped back to 10.5p…
Well it did arrive in a brown envelope! The eagle eyed among you will see that I appear not to have cashed the last cheque from this source, for 51p. I think I lost it. But I'm now entitled to 80p as a result of being a loyal shareholder in the London Stock Exchange (LSE). Of course my real "dividend" is being able to attend the AGM to berate the hapless head of AIM Regulation, Mr Marcus Stuttard. Truthfully, notwithstanding today's cheque I can say that I am not in this one for the money.
An unusual time (1:01pm) “Statement re contract” announcement from marketing services group St. Ives (SIV). Uh oh...
This is a share tip that has not worked out. We are well down on the 37p offer price of January - our timing was imperfect. To be fair, we advised averaging down a week or so ago at a 24p offer. Shares in the geoscience and geospatial group Getech (GTC) are now 26p offer after a very good trading update and at this level they are a strong buy.
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