Having been approaching 1300p a year ago, shares in WANdisco plc (WAND) currently trade below 300p following recently announced results for 2014 and a research update. What are the prospects from here?
The token deluded lefty on this website, Comrade Malcolm Stacey is taking a well-earned break on a desert safari searching for the mythical money tree which he and his fellow lefties both worship and believe in. On day 6 we hear that Malcolm has still not found the great Money Tree but inow faces a cash crisis. Why will these folks in the desert accept is Oxfam gold Amex card or his Co-Op Visa Delta? Why do they demand cash only and why will they accept only wicked US dollars not Malcolm's beloved Euros? This is all a conspiracy by the evil bankers and Malcolm knows who encouraged that sort of thing. It's all the fault of Thatcher. In Malcolm's absence we bring you a few words from his timeless classic, The Armchair Tycoon.
Thanks to the efficiency of the Cambodian bus service in providing Wifi I have been able to add to my short in Tungsten Corporation (TUNG) at 160p this morning. Hooray.
K3 Business Technology (KBT) has announced what it emphasises are “very encouraging” results for its half year to 31st December 2014 and that “we continue to be confident of the exciting growth prospects available to us”. The following updates post a chat with management...
Okay now we can put you out of your suspense. Let’s start with the nine villains - let me explain. Thank you for all your suggestions, I can see that there is a ground swell of support for including Roland “Fatty” Cornish in the nine and who am I to object? The final 9 will be revealed on April 18 at UK Investor Show and you can see photos of them all at a special stand.
A belated happy St Patrick's day and in this podcast I look at Synety - what a horrible POS - Wandisco, Hunter Resources, Imagination Technologies, Gate Ventures and LGO Energy
Shares in Synety Group (SNTY), which has developed software enabling integration of telephony systems with existing software, currently trade more than 30% lower today, at 92.5p, following the company announcing results for 2014 and a massively discounted fundraising. With it though insisting that it “is encouraged by current trading” and “optimistic” about longer-term growth prospects, the following reviews…
Another day and another statement is issued from the madhouse that is the bunker, I mean boardroom at US Oil & Gas (USOP). These folks are delusional. Their Company is also, by my sums, pretty much insolvent within weeks.
You read that correctly: as discussed HERE one of the two subsidiaries of Alpha Returns (ARGP), Shidu Investments Ltd, filed two conflicting sets of full year accounts for the same period to April 2013. The first set says it raised £50k in cash by issuing shares and turned it into £102k of cash, but ran up £122k of payables over the year. The second set of accounts says the company was dormant and the only asset was £50k of UNPAID share capital.
George Osborne will deliver a budget of cheap bribes and minor tweakings. I have an alternative set of proposals which is genuinely radical and would put the UK and its finances back on a firm footing. In this podcast I outline my alternative Budget 2015 and commend it to the House.
Expect a formal statement shortly but shares in Black Mountain Resources (BMZ) – crony capitalist Peter Landau’s last AIM listed stock – have been suspended today as per Rule 1 of the Casino. That means that the Nomad (RFC Ambrian) has quit.
The token deluded lefty on this website, Comrade Malcolm Stacey is taking a well-earned break on a desert safari searching for the mythical money tree which he and his fellow lefties both worship and believe in. On day 5 we hear that Malcolm has still not found the great Money Tree but is now stranded. He insisted that the car he hired be electric so as to combat global warming but can find nowhere in the desert to recharge it. Malcolm has written to his MP demanding a windfall tax on bankers in Burkino Faso to pay for recharging points across the desert. We need more foreign aid, it is all the fault of Thatcher and the wicked Tories. In Malcolm's absence we bring you a few words from his timeless classic, The Armchair Tycoon.
In this podcast I comment on Quenron but then move onto a detailed look at WANDisco (WAND) of which it would be an untruth to say that I was bullish.
Your hint is that this refers to a small and pooly attended rival investor show.All you need to:is to consider the five photos below and name the odd one out and exactly why. Second hint, the photoshop picture (3) is meant to be Steve Moore. Put your answers in the comments section below
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.
Diversified coal gasification play Cluff Natural Resources (CLNR) has raised £2.2 million to advance projects including one find with a potential 450 to 500 billion cubic feet of gas, worth some $1 billion (£662 million). The company raised the money at 4.25p, having tapped AIM for £2 million in December at a lesser 3p, and expects to spend £1.4 million of it preparing this year to seek planning approval, including submitting an environmental impact assessment, for test production at its key Kincardine underground coal gasification (UCG) project in Scotland’s Firth of Forth, which has been estimated to hold up to 350 million tonnes of coal.
All will be revealed in due course but this is going to raise money for Woodlarks, will be a lot of fun at UK Investor Show and I ask for your help. Simply nominate your top nine stockmarket knaves or buffoons of the past 12 months – all must be from different companies or organisations. For starters here is mine:
If a quoted company issues a statement that misleads investors it and its executive officers are guilty of market abuse. Quindell (QPP) did just that yesterday and thus I have again written to the FCA asking it to launch yet another investigation into Quindell and its chairman David Currie and CEO Robert Fielding. Yes that is the same Mr Fielding who bought RTA for £68.40 in December 2014 and sold it to Quenron for £2 million a couple of weeks later. Quite why he has not been suspended by Quindell’s HR Manager Jill Harrison for that pending a full investigation defies belief.
This morning, Bowleven (BLVN) announced completion of its Etinde farm-out. The company has received the initial $165million cash payment and expects to receive a further $5million for working capital. It is free carried for up to $40million of the costs of two appraisal wells at Etinde, on completion of which it is set to receive $15million cash. Beyond this there is the prospect of another $25million cash, contingent upon the Etinde Final Investment Decision. This all sounds great, so why isn’t the market rejoicing at this news?
Aussie law form Slater & Gordon must be getting pretty pissed at having to issue Oz RNS releases clarifying the lies issued by Quenron. Once again a Quisling journalist has made definitive statements about an offer made by S&G for Quindell’s QLS unit. The Quisling’s claims are preposterous but in clarifying Quindell does not deny them forcing S&G to publicly bitch slap. So this time, I recap:
What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips, plus what sexism at the BBC
It only took 15 days but I have just received my first lawyer's letter of the year, via email. So here is a little quiz. Who sent the letter:
So Carillion (CLLN) has gone tits up. You do rather feel for its 19,500 employees but as folks work out what happens next there is an orgy of recriminations. What lessons do you learn?
So yesterday saw Joshua go to his first proper football match - Brislington Ladies vs West Ham Ladies. A full photo report will follow later but the language from the Essex Girls in claret and blue was not very lady like. Listeners, I was shocked. On the markets I look in detail at Versarien (VRS), Greatland Gold (GGP), Velocys (VEL), RM2 (RM2) and as well as Nomates Neil Woodford I also have some Julie Meyer news, I fear that "Praise Be the Lord" may be about to send me a letter.
A hat tip to Waseem Shakoor for the graphic below. Carillion (CLLN) went bust today. Greatland Gold (GGP) has seen its shares halve as Newmont has pulled out of a jv. So what else do folks owning these two stocks own? See below.
As you know I got a lawyer's letter from the Ariadne Group run by Julie Meyer yesterday. I explain why the in house lawyer poodle chap is a very confused young man. He has not, as he said he would, got back to me to clarify his confused position. I urge you to read Nigel's AIQ expose today as it is most excellent. I discuss Haike Chemical (HAIK) and why it is by definition a bad company as is - as per today's article here - Purplebricks (PURP). Then it is onto the looming bun fight at Paternoster Resources (PRS) - if any of Nick Lee, Amanda Van Dyke and Melissa Sturgess which to dish dirt on the oppo, I am here and happy to publish it all. You see I am everybody's friend.
Having taken a look at the prospectus for the flotation of AIQ (AIQ) on the Standard list in part 1 we now move on to Mama Captain, Barrel2U, Mama Harbour and iBuddee. These outfits have faced allegations of being ponzi/MLM (multi-level marketing)/pyramid/money game schemes.
Andrew Monk's VSA floated AIQ on the Standard List last week. Its shares soared 1000% and were suspended. As Andrew notes, through the passive investment vehicle RRR I own shares in AIQ (about £10 worth - CORRECTION I am told it is £1841 worth!). I will try to sell the lot as the valuation is insane. But Monk wants to defend his corner so before our writers really go to town - and I am on their side - here is Monkey in his private email to clients today...
North of the Border, www.scottishhousemove.co.uk is going after Purplebricks (PURP) big time. Its homepage boasts that it will undercut Purplebricks by £750 and carries a stream of dismal reviews from allagents.co.uk for its larger rival. Then it really goes on the attack as you can see below.
Investors who believed all the hype surrounding Greatland Gold (GGP) received a nasty shock this week when the share price collapsed, but for many of us who have been around the market for a while it didn’t really come as much of a surprise.
Last week’s flotation of AIQ (AIQ) on the LSE’s standard list raised a lot of questions. For a start there was demand for the stock, but apparently no stock available to buy: it seems the registrar had yet to send out certificates and so the shares rocketed until they were suspended. But after much digging, there appears to be rather more to the story than the listing of a bare Cayman Islands shell. Where to start?
There's been an accelerated bookbuild which has seen Adam Reynolds and a number of close allies place out all their stock in React PLC (REAT). The shares we own were not placed out. We will only sell after advising you to do so.
To understand why 2018 will be a catastrophe, imagine a magnificent mansion built with the finest materials and craftsmanship and furnished with the most expensive furniture, carpets and decorated with finest art. Now imagine this mansion is built on quicksand. It will have a brief shining moment and then sink slowly before finally collapsing under its own weight.
Despite the scepticism previously exhibited on this stunning website, I would not be in a rush to sell shares in Versarien (VRS). Even though yesterday’s leap was approaching 35%. That’s normally a signal for this old punter to trouser the profits. But this is one of those mystery shares which could go either way, and I don’t welcome the pain of maybe selling too quickly.
Clearly, the whole AIQ (AIQ) IPO was a farce the way it has been handled and having also been digging around, there is more to come but I will leave it in the excellent hands of Nigel to report further on the dodginess here. I will just turn my hand to a bit of poetry inspired by Monk’s defence this morning and by recent Twitter hilarity.
Hello, Share Pilers. Even though you must be making dollops of money from shares, given the perky Footsie, some of you are still scrimping a few quid a month, by avoiding a life-saving subscription to this magnificent website. That makes no sense, as it will help you avoid making slips which could put you back to square one again.
Geotechnical engineering contractor Van Elle (VANL) has updated regarding the demise of Carillion plc as it “carries out regular work for Carillion as a specialist lead sub-contractor, principally in respect of rail improvement and maintenance work where Network Rail is the end customer”…
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