Shares raced ahead almost across the board on Friday. Even dogs like Rosslyn Data (RDT) managed to eek out some gains but its stock still languishes at 14.25p despite a raft of meaningless huff and puff releases and well down on its IPO price of 33p a year ago. And so I have a small question for the heavily loss making firm.
Towards the end of April, Sprott Asset Management LP announced plans for a $898-million hostile takeover bid for Central GoldTrust and Silver Bullion Trust. The offer would involve trading units of the target trusts for units in Sprott’s trusts, all on a one-for-one, net-asset value basis. My colleagues at Palisade Capital interviewed Rick Rule of Sprott last week asking why go on the takeover trail now when all things mining are bombed out. Also why should one get exposure to physical gold and silver rather than mining shares.
The latest presentation from the analysts floor at UK Investor Show 2015 to be captured on video covers the subject of equity crowdfunding.
I covered a few cursory matters yesterday (HERE) regarding the stepping down of Andrew Austin as CEO of IGas Energy plc (IGAS) and the diabolical trading statement issued yesterday. We are told that Mr Austin will hang around to ensure a smooth transition – rather reminiscent of the situation at Coms when Dave Brieth stepped down but would hang around for the same reason. Except that in Mr Brieth’s case he was then selling shares in what appeared to be a close period, a bit of a problem but for the fact that he was no longer running the show and, indeed, we gather that he has not been on site since walking the plank. So what of Mr Austin’s holding in IGas – and his disgraceful EFH deal?
A few reflections on Greece - where it is now almost 30 degrees - and on who austerity really hits out here. Then onto 3 companies that issued key news at no-one is watching at all O'clock yesterday: Ubisense, EMED and Daniel Stewart
David Archer, chief executive officer and 10% shareholder of unloved Savannah Resources (SAV), is keenly awaiting detailed results of airborne electromagnetic surveying of part of the company’s potentially high-grade copper and gold prospects in the Gulf sultanate of Oman. AIM-quoted Savannah, whose shares have fallen during the past 12 months from a high of 6.13p to 1.95p, says it expects results from this VTEM (Virtual Time Domain Electromagnetic) survey later this month and will use the data to identify copper anomalies and drill targets in Block 4 of its prospects in the region’s historically copper-rich Semail Ophiolite (oceanic) belt, as part of its drive to become ‘a mid-sized producer in late 2017’.
Amiong those presenting in the healthcare and biotech master class were John Dawson of Alliance Pharma, Steve Moore, Adam Reynolds of Premaitha and Optibiotix, Venn Life and Collagen. Enjoy
Nomad Beaumont Cornish, run by Roland “fatty” Cornish may act for China fraud Gate (GATE) and have covered himself in opprobrium over New World and Digital Learning (see HERE) but even fatty draws the line somewhere and that is over getting involved with Rob Terry of Quindell infamy.
Beaufort Securities was a sponsor of UK Investor Show and has already signed up as a sponsor of UK Investor Show 2016 and the November 2015 Gold, Bears & Traders conference of which more later. Its small cap analyst Barry Gibb did a presentation on how to pick small cap winners at the 2015 show - a video of which is below.
Hello Share Pootlers. It’s nearly always the same when the big companies put on a huge spurt, the penny shares suffer. Not all of them, of course, but there is a definite downward drag.
My first visit to the Greek Hovel prompts a wildlife diversity report which will appear on www.TomWinnifrith.com later. Meanwhile I explain why the Tories ARE the party of social justice and look at New World Oil & Gas on what is officially Fake Sheikh day, Insetco, Daniel Stewart, China Chaintek, Independent Resources, Falanx and Just Eat.
I am asked by a couple of readers whether RMPC is buying more Optibiotix (OPTI) or selling as the shares have fallen back to 31p from c40p. As we do not follow this as an official tip I just pen a couple of thoughts.
John Meyer of SP Angel this morning comments on Petra Diamonds, Weatherley International & Stellar Diamonds as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Tungsten play W Resources (WRES) is celebrating ‘excellent’ drilling results from its Regua project in northern Portugal, as the company seeks environmental approval later this year for its flagship operation over the border at La Parrilla in south-west Spain’s Valladolid Province. After intercepting 6.3 metres at Regua with 0.47% W03 tungsten trioxide and 5.38 metres with 0.25% W03, WRES says it has also hit grades of 0.7% W03 and cites bulk samples showing assays of up to 1% W03.
There are an increasing number of indications that New World Oil & Gas’ (NEW) board of directors has lost control of the company’s share capital structure. If this is the case then the implications for the growing fiasco, concerning the reckless forward selling of the company’s unconfirmed placement, are immense. With material uncertainty over who owns the company, how can New World’s directors possibly hope to conduct a legal issue of shares in the company, or even run a fair and legal vote, until after it has cleansed the shareholder register?
I do not have a scooby about forex trading I just feel happy to see the Euro go down against Sterling and look forward to a day when the drachma sinks even faster. SwissQuote was the main sponsor of UK Investor Show 2015 and held a session to explain what is happening in forex to the attendees. Watch & learn.
Of all the people I wanted to see taking control of the leavers of power in the General Election my greatest fear was to see Ed Balls in number 11. This is the man who was central to labour’s economic strategy which culminated in the bank bailout which cost the country so dearly. He was at the heart of Gordon Brown’s economic team for years and years, a team which presided over a ballooning deficit even as the country enjoyed 14 years of uninterrupted economic growth.
My tongue-in-cheek piece of Wednesday on New World Oil & Gas (NEW) seems to have set the cat amongst the pigeons. Clearly my attempt at making light of things was not appreciated by all, but there were serious points at the heart of the piece so I’ll do it in a more grown-up manner this time.
One of the stars of the bloggers cafe at the 2015 UK Investor Show was Gary Newman, an increasingly well read writer on this website. A video of an interview with Gary is below. Enjoy...
Finally, some sixteen months or so after the disgrace of Andrew ‘Piggy’ Austin’s sale of 7,500,000 shares to Equities First Holdings LLC in return for a non-recourse loan when he had been announced by RNS to be buying shares, he has been sent to the Corporate Butchers’ shop. After a period when the IGas (IGAS) share price has fallen from a peak of around 160p to the current 30p or thereabouts (having hit lows of below 20p), and the train-wreck of the deal to buy Dart Energy (at least for Dart’s shareholders) someone had to pay the price.
Nine share tips, giving in a tax-efficient way, don't count Trump out. And much more...
Value investing is how you make money from shares. Any other approach is not investing but speculating and is, by definition, hit and miss. So do you want to know what Britain's leading value investors are thinking and what shares they are buying and selling? Today's special opportunity is.... Three great value investors will be on stage together discussing how they select stocks and what they are buying and selling at the Global Group UK Investor Show in London on April 21. They are: Paul Scott, Britain's top share blogger, Nigel Wray, the man known as Britain's Buffett, and Dr Paul Jourdan the boss at the hugely successful Amati fund management operation.
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...
Soorry it is rugby day. C'mon Ireland. As you can see Joshua is getting himself ready...
This morning, on such a snowy day, I was thinking how nice it would be to go somewhere quiet and sit, read the paper, and drink my coffee without being bothered by people. As it happens, I live just down the street from the Business Design Centre in Islingtion, and it is Master Investor day, so that would fit my plan perfectly.
The market was remarkably sanguine about the operational update served up by Telit (TCM) this week and at 160p the shares remain a compelling sell.
A Trading Update from Veltyco Group (VLTY) a few weeks ago noted, following continued “strong” trading in December, results “significantly ahead of market expectations”. However, having exceeded 100p last year, the shares are currently available at 89p to buy and this looks to represent an opportunity ahead of April-expected results. BUY at 89p with a target to sell of 125p.
Hello, Share Walkers. Anyone not subscribing the measly £5.99 a month to reap all the trading advantages of this beautiful website is probably taking an unacceptable risk. Especially at this time of year, when you still have a chance to sell your losers to cut your capital gains bill.
I just can’t help fearing for AIM-listed Cloudbuy (CBUY) and its shareholders. Here we are heading for two years after a £5.75 million rescue refinancing by Mr Roberto Sella and now post a further rescue refinancing last December (another £3.5 million committed, of which £1.7 million has been drawn) and I still wonder if the company will ever make any money. Yesterday morning we had its FY17 numbers: they are not as awful as the last lot, but it still look pretty bad.
It's been an ongoing trope on this site to note when mainstream media ties itself into knots trying to avoid mentioning the word ShareProphets. Instead, they tend to refer to our dozen writers as a 'blogger' or, in more convoluted cases, as 'an Italian newspaper.' But finally! We have a brave newspaper, the Western Telegraph, in Haverfordwest has referred to our name in full. No wonder that they were named the best weekly newspaper in Wales.
Amerisur Resources (AMER) has certainly failed to live up to the expectations of its investors and the share price has been in a downward spiral for several years now.
If anyone from Jim Mellon's organisation wishes to visit UK Investor Show we give them admittance. But Jim's minions are desperate to stop us from seeing what a shambles and disaster his event yesterday has become. While Mellon's henchmen stopped Darren Atwater from attending we got another photographer in and what she produced shows why Mellon is so desperate to hide the ghastly truth about his heavily loss making event.
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