Early this year we showed the ten top shorted London-listed shares at the start of 2018. After the latest month, how's performance?...
Despite changing its name from blur Group (BLUR) to Maistro (MAIS) at the start of the year, it is hard to see much of a change when it comes to the fortunes of the company. Basically, it offers businesses a platform for the procurement of business services, including marketing and human resources, and on its website it boasts that it has been in the business for over a decade. With that in mind, it doesn’t exactly look great that the company is still racking up heavy losses each year, and looks like it is going to continue doing so for the foreseeable future.
I have long been critical of Sir Bradley Wiggins and his fellow British cyclists whether in the Tour de Drugs or elsewhere and comment on what today's report says about our double standards and lack of standards. I comment on your comments on the airlines in the wake of my nightmare with EasyJet (EZJ). I look at Interserve (IRV), Feedback (FDBK), King of the spiv tweets UK Oil & Gas (UKOG), Metminco (MNC), Union Jack Oil & Gas (UJO), Fusion Antibody (FAB) and Andalas (ADL) which MUST make a statement ASAP after yesterday's shock revelation HERE.
The world is on the brink of the most dramatic trade confrontation of modern times after President Donald Trump openly threatened “trade wars” as a tool of US policy, prompting warnings of full retaliation by major powers across the world. The world powers have been at cyber war for years, but this new chapter opens up a new front, who’s impact on you will be much worse than a slow internet connection to your favorite social media feed.
Having recovered somewhat from lows in the summer to end 2017 approaching 80p, shares in marketing services company St Ives (SIV) had slid to a last close of 66.8p. However, they are currently back above 70p on the back of a “Disposal” announcement…
Bluebird Merchant Ventures (BMV) has updated including “there is little doubt that the programme for Kochang has been accelerated in the past week and that the potential to complete the transition to a Joint Venture could be completed within the next six months resulting in a decision to move into construction of the mine. This also allows the company to expand its programme on the far larger project at Gubong which still has the potential for a company maker”.
Over the weekend the extraordinary tweet below was sent by UK Oil & Gas (UKOG). Was it approved by its poltroon of a Nomad James Joyce of WH Ireland? Methinks not. In light of its content a responsible Nomad would be resigning or at the least forcing a statement. But not this one.
I have been a long term bear of Mothercare (MTC) on the simple basis that I do not see it as having a USP any more. It is a pointless dinosaur like Toys R' Us. The latter is already toast as of last week, the most recent trading statement from Mothercare indicates that it will go the same way.
Even though the event is still more than 7 weeks away on April 21, the Global Group UK Investor Show is now more than 60% booked out - we have never seen demand like this in 17 years.
Hello, Share Tickers. Search the financial pages as I might, I could find no mention that Beaufort Securities has fallen into liquidation. It seems that to the press, the BBC et al, the fact that a broker with 20,000 private clients goes bust doesn’t count for anything.
Thanks to our Winnileaks service we can bring you a letter sent to AIM Regulation this week regarding Andalas Energy (ADL) the AIM listed POS which is almost certainly insolvent. The letter is detailed and is below:
Either iii readers are thick and so sent in the daftest softest questions to Neil Woodford or thiis just another blow job paid for interview. Where are the tough questions about disastrous performance, investing in companies that need to break the laws of phsyics, Capita, Provident Financial, The AA, related party deals, RM2, the list goes on and on. If successful fund management is a balance between arraogance and humility it, perhaps, explains why smug Nomates Neil is doing so badly. Get the sick bag ready and watch below...
I see that today’s Telegraph is reporting that Emerald Investment Partners (and the man behind it, Alan McIntosh) in emerging as a key player in the refinancing discussion of fully-listed Interserve (IRV). We are told that Emerald has pledged to back the refinancing, which is very good news. The last thing we want to see is another Carillion-style collapse.
I start with one reason I am thinking of quitting running businesses: folks who say that they will do something and then don't do it, letting you down. I have had two this weekend and it is just poor behaviour, very tiring and something that bores me. Then it is onto discussing a crap headline article in the Sunday Telegraph on Interserve (IURV) and another on Carillion (CLLN) before my main subject - my 22 hour trip home from Greece. EazyJet you are bastards and this is why I loathe, despite and pity you for being lying scumbags.
Following the sad demise of Beaufort Securities yesterday one chap looking for a new job is Gavin Burnell, the man who brought the fraud Globo to market and made a killing as one of its NEDS, the man who brought you uber dog Magnolia and whose CV is a resume of shareholder value destruction. Natch he was an obvious candidate to work in corporate broking at a place like Belfort but where will shamed Burnell go next? You can win a bottle of champagne in our new prize contest.
I dropped Tom a note immediately upon seeing the great looking Ipsos funding deal with Big Sofa Technologies (BST) on Friday morning saying that it looked like good news. He followed up immediately with a demand for a grovelling apology. Being a reasonable sort, I thought I had better do the decent thing and give him as fulsome a one as I can muster from the bottom of the heart.
Almost exactly three years ago, Kibo Mining (KIBO) raised funds from Hume Capital, a couple of weeks before it went into administration still holding the placing proceeds. Somewhat unbelievably, history has repeated itself with Beaufort Securities going into insolvency on Friday. It looks like a right old mess.
I see that Cynical Bear is wallowing in his own apologies today. I’m sorry too – and much sorrier that Cynical - for the update on my 5 shorts is a week late. Still, better late than never.
Nine share tips, giving in a tax-efficient way, don't count Trump out. And much more...
Beaufort clients will get their cash and shares back but it looks as if it may take a while. Special Administrators to the City broker, PWC, has just written to all customers and it looks as if this is an almighty mess. I suspect there are a few connected with Beaufort who will be sweating. PWC writes:
Things are, at last, happening at Minoan (MIN) in a way that will create value for shareholders.
One of my two tips of the year, Berkeley Energia (BKY), has announced half-year results – these for its period ended 31st December 2017…
The short list is Conviviality (SVR), Clear Leisure (CLP) and Graphene Nanochem (GRPH). I discuss all three but also UK Oil & Gas (UKOG) where the deafening silence is a very bad sign. I consider Sir Patrick's Day tomorrow and how Joshua and I will celebrate and I look at Mothercare (MTC), retail gloom, Mitie (MTO) and the double standards of the great and the good. Make sure you get your free ticket to UK Investor on April 21 using the promotional code WINNIFRITH when booking an investor class seat HERE - if only to hear a live 40 minute bearcast with myself & Paul Scott being recorded!
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.
After recent events if Conviviality (CVR) boss Diana Hunter told me that 2 + 2 =4 I would ask her to provide credible third party verification before accepting her at her word. So today, with the shares suspended pending clarification following the "discovery" that £30 million of tax was due by month end, MS Hunter has updated poor investors and it seems everyone loves the company. What bollocks. Here are Ms Hunter's words with a ShareProphets translation service in bold.
Once again Tim Martin, the boss of JD Wetherspoon (JDW) is my hero of the day using the occasion of half year results to lay into big business and the lying liberal deadwood press for misleading us all about Brexit. The great man opines:
Under promise and over deliver is what every adviser tells every company listing on AIM. One might say that Ariana (AAU) has not kept to that script with perfection since it listed all those years ago back in the black and white era. But as we move though 2018 with the 50% owned Red Rabbit mine now operational Ariana is doing what it should as we saw in a cracking operational update this week.
My second tip of the year, AIM-listed Bowleven (BLVN), announced on Tuesday that major shareholder Crown Ocean has once again been upping its stake – it now holds 29.03% of the equity. I took the cue and did the same (though not 29%!). Crown Ocean is, of course, the shareholder which rocked the boat last year and forced out the old board by calling two EGMs and supported the new fellas as they proposed to turn the company into a holding company with rather lower costs.
Hello, Share Teasers. We are now only a few days away from the latest set of figures from IQE (IQE). And once again I face an irritating quandary on what to do with my remaining holding. This cache of shares isn’t as large as it used to be. That’s because only a fool disregards negative comments on this magnificent website. It probably has the best investigative writers in the City. But even the best shorters get things wrong, so I retain some IQE shares.
1Spatial (SPA) has updated including with a disposal of a controlling interest in Enables IT and a trading update…
I’ve previously cautioned on shares in Zinc Media (ZIN) - most recently HERE, and note they currently approaching 17% lower today, towards 0.60p, on the back of a half-year results announcement…
A 1:30pm “Re: Contract” announcement from transport technology company 21st Century (C21). A cause for concern?...
Previously writing on specialist staffing company SThree (STHR) I concluded it may be relatively well placed, but macro concerns saw me cautious on the shares. Today a Q1 Trading Update…
Anyone foolish enough to be a shareholder in AIM-China play Haike Chemical (HAIK) has until 1pm today to accept an offer for their shares at 30p. An EGM on 12 March passed resolutions to delist from the Casino, the execution scheduled for close of play on 19 March.
I’ve been warning on OneView Group (ONEV) since it went from “remains confident” in September 2016 to “likely to be below market expectations” the following month! The shares had then been hit to below 4p… But they’re now circa 12p aren’t they? A September 2017 10-to-1 share consolidation though needs to be factored in - and today there’s a 10:21am Short Term Loan Facility announcement…
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