Ex Dragon's Den star Julie Meyer MBE has always struck me as a massive self publicist and an AI bullshitter. Her UK firm Ariadne Capital was put into administration on December 15 but Meyer has published a video (below) claiming that this was all planned and something "every entrepreneur has to do." Hmmm, it is worth having a butchers at La Meyer's track record and also Ariadne's accounts.
After leaking stories of a bid approach to the fraudsters favourite website, MySquar (MYSQ) put out an odd statement yesterday. The shares rocketed. What to make of it all? Remember this is a company that comitted large scale and blatant securities fraud in July 2017 and view matters in that context.
On setting the competition at the end of November, shares in UK Oil & Gas (UKOG) were 3.85p bid. It was unlucky for Dave Jenkins as a share price-bashing “Operational, Technical & Corporate Update” was announced at attempted no-one watching o'clock 27th December - I was watching though...
Hello Share Twangers. After a phoney war start, this winter is turning out to be quite chilly. Most of us saw snow over the Christmas period and though things have warmed up a bit now, there’s still an icy wind blowing. And it's even colder in many parts of the world, including the USA which is seeing temperatures plunge to record lows. Europe has also been unnaturally cold. All this has the effect of using up oil reserves.
Concepta (CPT) has removed an unwanted duplicated cost by letting go of Beaufort Securities as its joint broker, leaving Novum as its sole broker. That's the good news. The less good news came on the last trading day before Christmas when we were told;
With “the number of active engagements increased significantly in the year and currently stands at around 100”, an AGM statement from Applied Graphene Materials (AGM) emphasises “the board remains pleased with the progress that the group is making towards the commercialisation of its products and proprietary technologies… Following on from our initial production orders the business secured additional production orders”. Sounds encouraging…
In today's podcast I spend a lot of time looking at Pantheon Resources (PANR) - when is the next bailout placing? I make wider observations about this sector. There is then a direct challenge to Mileestone (MSG) about Lyin' Larry and to its Nomad Cairn Financial. I then look at Mila (MILA) and MySquar (MYSQ) commenting on how some AIM CEO's groom BBMs like peadophiles groom their victims. Sam Antar has made the same analogy . It is all about gaining trust.
I gather that Neil Woodford's office has been busy dealing with questions relating to our most excellent series of articles and podcasts over Christmas. I have been made aware of its responses which are detailed but still leave me feeling incredibly unsettled on two major factors.
Corero Network Security (CNS) “is pleased to announce” combined customer orders “worth in excess of $400,000 for SmartWall products and related one-year support services”. What’s the detail and import of this?...
Shares in Pantheon Resources (PANR) are slumping today, off 25% at 52p on an operational update which can, at best, be described as a Curate's Egg. I have long viewed this company as unexciting, at best, and find the unbridled enthusiasm of some of its bulletin board moron shareholders just impossible to fathom. I am not the only cynic. The City's No 1 oil analyst Zac "the Knife" Phillips of SP Angel opines today:
Well done Next (NXT). Despite the Sunday Times suggesting a retail shocker last Sunday, the waxing and waning of the British weather helped the company to pucker up and generate a positive surprise in its full price sales metric as the company noted in its statement from earlier today:
The real problem that Carillion (CLLN) has its its balance sheet. It clearly needs a debt for equity swap and placing which will see shareholders diluted to buggery. This remains a slam dunk short. But it never rains but it pours. It seems that Carillion may have misled investors.
Finally the Nomad to the China promote created by all round spiv Darren Mercer has had enough - Strand Hanson has quit with effect from January 9 and if no replacement is found by February 9, BNN Technology (BNN) will be booted off the casino.
Hello, Share Washers. For most of the many years I’ve traded shares, I’ve avoided any company that sells carpets. That’s because there is an extremely long-running trend to ditch wall-to-wall floor coverings (so fashionable in the sixties) in favour of more attractive and hygienic polished floorboards.
In today's podcast I discuss the nonsense at The People's Operator (TPOP), speculate at what happened and ask that the Oxymorons at AIM Regulation do something to stop this happening yet again. I look at Tomco (TOM) and the madness of Mifid, at Clear Leisure (CLP) and more blockchain insanity and at Premier Africa (PREM). I also cover MySquar (MYSQ) where we all seem agreed as to its fate.,
Having earlier noted a return to form in the top shorted London-listed shares as at the start of 2017, how was the performance of the AIM shares then shorted?
Canadian Overseas Petroleum (COPL) is a company which I have been pretty negative on in recent times, and certainly nothing has happened to change my view on it, certainly in the shorter term.
Project management and technical consultancy WYG plc (WYG) has updated having noted in its December half-year report a build-up of working capital in Turkey and that “we expect significant cash receipts from our business in Turkey before the calendar year end”…
With the shares hovering around 3p, anyone holding options in UK Oil & Gas (UKOG) exercisable at just 0.4p but expiring on 31 December 2017 would surely exercise the lot would he not?
Early each year, we note the top shorted London-listed shares as at the start of the year. How did 2017's perform?
What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips, plus what sexism at the BBC
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?
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 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?
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.
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.
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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