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Stilo International – as warned here, proposed de-listing. Shares slump…
Previously writing on Stilo International (STL), it was I having warned again in March, “Trading Statement”…, concluding, with the shares down at below 1.5p, Considered “appropriate measures” here to include de-listing? As previously concluded, I wouldn’t be surprised – and my stance remains avoid / sell. Today “Half-year Report” and “Proposed Buyback, Tender Offer and De-Listing”…
- By Steve Moore |
- 23 August 2019, 12:00 |
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Eddie Stobart shares suspended, dividend under review, accounting probe, CEO "resigned" – more disastrous news for Neil Woodford
It never rains when it pours for Neil Woodford. This morning we were told that his investment into the breaking of the laws of physics has been revalued downwards and at 7.30am we learnt that shares in AIM-listed Eddie Stobart (ESL) have been suspended, the accounts will be late, the dividend is under review (ie going to be chopped) and the CEO has walked (ie been pushed). This is all in relation to an audit review. Apart from that everything is fine…..oh, apart from the profit warning – and dear old Neil's funds holds 22.89% of the company, as at 2 August worth, at last night's close, £62 million. Oh Dear.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 23 August 2019, 10:39 |
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Flip Flop Ben Turney, everything okay with you at Teathers Financial?
Oh dear, Oh dear. On the principle that Good News travels fast and vice versa I rather worry for flip flop Ben Turney, the former editor of this website and the rescuer of formerly AIM listed Teathers Financial. How is the rescue going? Er... As you can see below...
- By Tom Winnifrith |
- 23 August 2019, 09:31 |
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88Energy – Some hope at last, when previously there was little...but
Over the last few years I have watched passively as 88Energy (88E) has tried to exploit what it perceives as great oil opportunities at Icewine and has been happy to bandy about some very large resource numbers, only equalled by the number of bulletin board posts on the matter and the number of words in the torrent of RNS irrelevance. A new farmout deal to Premier Oil (PMO) looks to me like the first real sign that 88Energy actually may have a chance of delivering something of value. But....
- By Peter Brailey |
- 23 August 2019, 09:31 |
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Redemptions Watch: Woodford hit as laws of physics reassert at Industrial Heat
Apart from the long queue of hungry mouths to feed, there is the small matter for Neil Woodford of the unquoted asset valuations which, judging by the difference between the NAV per share at WPCT (78.96p last seen) and its actual share price (43.9p at yesterday’s close), the market clearly does not believe. This morning we learn that Woodford’s play, Industrial Heat, which defies the laws of physics, is to be revalued downwards by Link. It seems that the laws of physics are reasserting themselves in the form of gravity.
- By Nigel Somerville |
- 23 August 2019, 09:31 |
A Tale of Two Trusts, possibly Brexit Proof
Hello, Share Monkeys. Mostly, I pick my own companies to invest in. Having read some of the horror stories of those who’ve trusted their brokers to do the choosing, I expect you’re the same. But there’s no harm in occasionally leaving the decisions to someone you do respect. And so I have shares in a couple of outfits that have good track records...
- By Malcolm Stacey |
- 23 August 2019, 09:30 |
Castings – recent financials suggest value, what about AGM Statement?
Last year on an AGM update from foundries and machining business Castings (CGS) I concluded a current market cap, with the shares at around 425p, of circa £185 million… I’m happy to continue to monitor for new management Machining turnaround with the shares on the watchlist. Now this year’s AGM update…
- By Steve Moore |
- 22 August 2019, 15:57 |
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Tom Winnifrith Bearcast: which is the best way to lose your cash, buying Nostra Terra shares or with ProphetFX?
I start with a discussion of how young and inexperienced most sell side analysts are and why that bodes so badly for the horrors that will emerge in the coming bear market. I move onto Versarien (VRS) a pointless deal and accounts that contradict themselves, I look at Burford (BUR) and the sex tapes allegations as well as my own on Napo and then finally at forex service ProphetFX which is drowning in red flags as is AIM Casino rubbish Nostra Terra Oil & Gas (NTOG)
- By Tom Winnifrith |
- 22 August 2019, 13:18 |
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Rockhopper Exploration – Further positive news on Sealion: BUY
It was only a month ago I commented on Rockhopper Exploration (RKH) and speculated on some of the matters surrounding the SeaLion development. Several developments have occurred since which have reconfirmed my positive stance.
- By Peter Brailey |
- 22 August 2019, 13:08 |
Laura Ashley – full-year results argue “remain resolutely confident”, BUT…
Previously writing on homeware and fashion retailer Laura Ashley (ALY), I concluded including the continuing rapid trading deterioration concerns – particularly in terms of what the balance sheet will look like by the year-end. The company has now announced results for its year ended 30th June 2019…
- By Steve Moore |
- 22 August 2019, 12:35 |
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It won't be long before pointless AIM company Tertiary Minerals runs out of cash - placing ahoy!
Often I am left wondering what the point is of quite a number of small mining companies listed on AIM, as all they seem to do is raise small amounts of money to keep the business ticking over without ever actually achieving anything of note.
- By Gary Newman |
- 22 August 2019, 12:25 |
Podcast: Billionaire Investor Frank Giustra says Biggest Gold Bull Market of All Time Starting Now
In media and in mining Frank Giustra has a Midas touch. He believes that we are on the third and final phase of the gold boom cycle that started back in 2001, and the next cycle will be the largest of these moves.
- By Tom Winnifrith |
- 22 August 2019, 11:26 |
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Cloudbuy – Interims underline my sell stance - corporate knacker's yard surely beckons?
AIM-listed Cloudbuy (CBUY) reported its interims to the end of June yesterday and the news seems to me to be utterly grim: revenues of just £0.5 million, a loss of £0.7 million and a balance sheet showing net assets of MINUS £6.5 million complement the accumulated losses of £16.7 million. At least the company seems to be consistent! The statement at least refrained from telling us it was pleased to announce the numbers but my sell stance is thus far vindicated: last offered at 3p, the shares now stand at just 2.4p.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 22 August 2019, 11:03 |
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Still gambling on Rank Group
I have written a couple of articles on the Mecca Bingo and Grosvenor Casino operator Rank (RNK), concluding last time that 'Rank is not so dank after all...the share still remains below the (interesting) 160p level. Worth a punt!'…
- By Chris Bailey |
- 22 August 2019, 10:30 |
Redemptions Watch: bad news for Neil Woodford as redemptions spike higher at Income Focus
The news blackout at Woodford cash-guzzling dog Verseon (VERS) continues, but at least the shares did not slip any further yesterday. That is more than can be said for fellow kennel cohabiter Xeros (XSG) as the fine disruptor of washing machines tries to get £10 million of new money to avoid the free taxi ride to the corporate undertakers.
- By Nigel Somerville |
- 22 August 2019, 09:14 |
Unfairly Criticised National Grid may Power Up its Share Price on Future Demand
Hello Share Scrimpers. Attracting negative publicity at the mo is the National Grid (NG.). It’s just established that the recent power cut was caused by the rare event of a bolt of lightning putting out two big power stations and seeing the electricity supply depleted. But, as far as I remember, no such setback has occurred before. And given all the power stations that feed into the Grid and all the infrastructure needed to supply power everywhere, this is an efficiency record to be proud of. But what about the shares?...
- By Malcolm Stacey |
- 22 August 2019, 09:10 |
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Tom Winnifrith Bearcast: A MAJOR red flag for the US and global stockmarkets
Hat tip my esteemed stockbroker, I flag up a major red flag for global equity markets. I discuss a hot rumour of the real reason the FCA swooped to shut down broker SVS. I look at Canadian Overseas (COPL), Avanti Communications (AVN), Sound Energy (SOU), Woodford Patient Capital Trust (WPCT) and Brady (BRY).
- By Tom Winnifrith |
- 21 August 2019, 17:25 |
Frontier Smart Technologies – “pleased to announce… Board Transition, Refinancing and Strategy”… but still trading turnaround needed
Previously writing on Frontier Smart Technologies (FST), it was noting 47.6% shareholder Science Group (SAG) hits out following update announcement – that including a dig that throughout the (35p per share) offer period “the Frontier board maintained its position that it ‘strongly recommends that Shareholders neither accept the Science Group Offer on its current terms, per the offer document distributed to shareholders on 2 July 2019, nor sell any Frontier shares via the Panmure Gordon dealing facility’”. There has since been Frontier “Board Change” and now a “Board Transition, Refinancing and Strategy” announcement…
- By Steve Moore |
- 21 August 2019, 17:24 |
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If Ferguson wants to run off to the US market...so be it
A couple of days after Greene King (GNK) got scooped up by a Hong Kong billionaire, and on the day that Cobham (COB) announced the scheme particulars for its mooted takeover by a US peer, I read that plumbing and bathrooms kit company Ferguson (FERG) is thinking about switching to a US market listing. So woe betide the future of the UK market? In my opinion not at all...but you just have to face facts…
- By Chris Bailey |
- 21 August 2019, 17:24 |
Gulf Marine Services – from late May “improving pipeline of opportunities” to now “disappointed to reset guidance for 2019”!
Previously writing on Gulf Marine Services (GMS), in December I noted warns but argues there will be longer-term improvement; It’s got to be around for that first though! – concluding still bargepole / sell as the shares slumped below 10p. Today a “Corporate & Board Update”…
- By Steve Moore |
- 21 August 2019, 15:29 |