High Street Woes Could Make Halfords Shares Wobble Along the Road
Hello, Share Bunnies. A famous high street store with a fine tradition is the bicycle king Halfords (HFD). It also does healthy items like camping gear, electric bikes and kids’ scooters. So it’s with some sadness that I am still avoiding the shares. And that’s mainly because the situation facing our big retail chains is just not getting any better. Sir Philip Green’s empire has just reported big losses, for example...
- By Malcolm Stacey |
- 9 September 2019, 09:15 |
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Intu Properties: when even a takeover cannot help
- By Chris Bailey of Financial Orbit |
- 8 September 2019, 15:29 |
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Cabot Energy has been thrown a temporary lifeline - but I still wouldn't touch the shares
Cabot Energy (CAB) suddenly seems to have become very popular for such a small AIM oil company, and given the recent news on a forthcoming discounted fundraise, I’m surprised that people are paying a huge premium to that.
- By Gary Newman |
- 8 September 2019, 14:07 |
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The Court papers showing how Quindell lied to investors ahead of the Slater & Gordon deal
I have already covered the laughable claim made by Watchstone (WTG), Quindell as was, against Slater & Gordon (SGH). Watchstone has made great hay about the conterclaim which ithe gophers of the deadwood press have swallowed hook, ine and sinker. But the actual court papers, below, are damning for Watchstone/Quindell.
- By Tom Winnifrith, The Sheriff of AIM |
- 8 September 2019, 13:19 |
The first ShareProphets Sunday Pub Quiz
This has nothing to do with Woodford of Burford or Rob Terry or anything. It's the end of the weekend and we've organised a quick pub quiz. Grab your own beer, there are no prizes, and for Pete's sake, no Googleing!
- By Darren Atwater |
- 8 September 2019, 13:18 |
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Tom Winnifrith Bearcast: St James Place is morally bankrupt, one hopes it goes bust and its staff never work again
The Sunday Times has a major expose on St James Place (SJP) based on testimony of an ex employee. It is truly shocking stuff although not shocking for me as St James pursued my late Uncle Chris very aggressively. What this firm does to screw clients and to reward staff who shaft those clients is repellent and shames capitalism. I hope the firm goes bust and its workers never work again. and it may happen...
- By Tom Winnifrith |
- 8 September 2019, 13:17 |
Sunday Long Reads: Sham Lawsuit, Cyberattacks, Prince, Trump Bikers, Lie Dectectors
Is there anything better than sitting back and reading a well-written article on a lazy Sunday? Every week ShareProphets features some long form journalism that you'll find of interest. Grab your cuppa and enjoy these five articles.
- By Darren Atwater |
- 8 September 2019, 10:02 |
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Edge Performance VCT – what a shambles as the shit-show continues
Once upon a time I had shares in Edge Performance VCT over several classes of share. It proved a disaster, and I sold out at a loss. I did cover some of the problems (see HERE) some time ago, but it seems that the shit show has continued ever since. On 29th August the shareholders decided enough was enough at the AGM, booting out three of the board and the auditor. This leaves the company with just one director – I believe company law is that it must have two as a fully listed plc, but the shares have not been suspended, nor has there been any announcement of an interim appointment.
- By Nigel Somerville |
- 8 September 2019, 10:00 |
Notes from Underground - The real, actual, top 11 articles - unvarnished
I've broken up these lists into articles and Bearcasts for the past year so readers can get a more rounded sense of what is popular each week. But I think that I need to show you the actual, merged, top 11 for this week.
- By Darren Atwater |
- 8 September 2019, 09:57 |
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Tom Winnifrith Bearcast: The latest chapter in the WPCT scandal and is it the final chapter in the affair MRS?
In today's podcast I look at the latest news from AIM bad boy Management Resoiurce Solutions (MRS) where I think my critics really do owe me an apology (again). Then at Neil Woodford's latest woes at the Woodford Patient Capital Trust (WPCT) which are the beginning of the end. Will I get to monster the board at an AGM in 2020 as I did this year? I fear I may be denied that entertainment.
- By Tom Winnifrith |
- 7 September 2019, 13:27 |
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Oooh Er Mrs – the comedy shit show continues at Management Resource Solutions ( shares suspended)
AIM Cesspit Posterboy Management Resource Solutions (MRS) served up another dollop of comedy on Friday. On Thursday it had waited until someone had had plenty of time to dump shares with the price tonking, before suspending its shares because of bad news it has known about well before the UK market opened. That news was that Voluntary Administrators had been appointed to 5 Australian subsidiaries. Now we learn more…
- By Tom Winnifrith, The Sheriff of AIM |
- 7 September 2019, 10:23 |
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Neil Woodford Redemptions Watch: hanging around as the problems mount and the stench grows
Neil Woodford’s benchmark for his Equity Income Fund (WEIF) and Income Focus Fund (WIFF) put on 0.19% yesterday. For the second day in a row WIFF and WEIF both beat that, putting on 0.69% and 0.40% in NAV per unit respectively. Meanwhile, Neil has been selling more Norwegian Dog Thin Film (THIN), dropping his holding to 9.86% as announced at no-one-is-watching o’clock last night (at quarter to five) as the company continues to hurtle towards the corporate undertakers or an eye-watering dilution if a rescue refinancing can be arranged.
- By Nigel Somerville |
- 7 September 2019, 10:09 |
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BREAKING: Red Rock’s Andrew Bell to stand against speaker John Bercow at next election
By convention the speaker of the house of commons, standing as an independent, is returned unopposed by the major parties. But John Bercow is a divisive fellow.
- By Tom Winnifrith |
- 7 September 2019, 09:38 |
Xpediator executive director “stepping down… with immediate effect” – his “other business interests” seem to have arisen very quickly!
“Xpediator, (AIM: XPD), a leading provider of freight management services across the UK and Central and Eastern Europe announces that Stuart Howard will be stepping down from the board… in order to pursue other business interests… thank Stuart for the good work he has done particularly in terms of strengthening key functions across the business”. So an orderly departure and transition for this role then?...
- By Steve Moore |
- 7 September 2019, 09:19 |
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Neil Woodford Dog Xeros – washing machine malfunction as the spin cycle starts ahead of the rinse
Neil Woodford’s favourite revolutionary (geddit?) washing machine outfit, AIM-listed Xeros announced some apparently good news this morning. I say apparently – it is a licensing deal for its washing machine technology but came with absolutely no financials whatsoever. What is the point of that? I thought RNSs were supposed to inform. But in this case I suggest it is not so much to inform as to ramp the shares up as the company tries to get a bailout funding away. I suspect the more important announcement was the one that came later in the morning, at 11.06 am, announcing that interims to June will be released on 19 September – a week next Thursday. I’ll mark that one in the diary…….
- By Nigel Somerville |
- 7 September 2019, 09:17 |
Table of shorted AIM shares - week to 06/09/2019
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
- By Steve Moore |
- 7 September 2019, 09:16 |
Why We May Still Have a Buying Opportunity Staring at Us - But Not for Long.
Hello Share Feelers. You'll have noticed tht the Dow is once again tickling all-time highs. This is odd, given that the trde war with China shows little sign of cooling down. However, the big American traders have always had more optimism in their genes than their UK counterparts. The health of American shares may also have something to do with US traders prefering to invest in their home grown stock rather than risk it with Brexit-torn Blighty and indeed with the rest of a beleaguered Europe
- By Malcolm "Project Fear" Stacey |
- 7 September 2019, 09:15 |
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Ariana Resources – a buy again?
In February we banked big profits on Ariana Resources (AAU) with the shares at around 2p, noting longer-term risk/reward still looked favourable including the macro backdrop seeing us bullish on the gold price but that it had met our short-term purposes. The gold price was then just over $1,300 per ounce and is currently comfortably above $1,500 per ounce yet the shares are available to buy at still 2.3p – and so…
- By HotStockRockets |
- 6 September 2019, 15:30 |
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BOOM: Neil's Woodford Patient Capital Trust: Banks now calling the shots, this is grim
Woodford Patient Capital Trust (WPCT) has today issued a shocking statement “Debt facility”. It shows that its banks ae now getting nervous and pulling all the strings. Boy, Neil Woodford must be glad that he has already sold most of his shares. The news also has grim implications for the Equity Income Fund.
- By Tom Winnifrith, The Sheriff of AIM |
- 6 September 2019, 15:03 |
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Motorpoint – it was “pleased to announce a new share buyback programme”, I bet founder-director David Shelton was particularly pleased!...
Post market close yesterday an accelerated bookbuild by Numis Securities was announced as “a partnership between David Shelton (a non-executive director of the company) and his connected persons, announces that, in connection with divorce proceedings, it intends to sell at least 8 million ordinary shares in Motorpoint” (MOTR). The shares closed yesterday at 240p – and today a “Result of Accelerated Bookbuild in Motorpoint”…
- By Steve Moore |
- 6 September 2019, 15:00 |