Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 traders session with Paul Johnson of ECR Minerals (ECR)
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Kevin Foo of Victoria Oil and Gas (VOG)
Quindell (QPP) has issued a statement saying that it will issue a statement later today refuting the 74 page dossier published earlier this week by Gotham City. So far so good. But it also states that "Legal action has already been initiated by the Company against those responsible for what it believes to be a coordinated shorting attack and reports are also being made on this activity to the appropriate regulatory authorities" Having spoken to one person who has received a lawyer’s letter from Quindell, I ask the question “is Rob Terry now fighting shadows?”
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Clive Hyman of Wishbone Gold (WSBN)
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 traders session with Clem Chambers, Thierry Laduguie, Malcolm Stacey, Phillip Marks, Robert Tratt
GLI Finance (GLIF) has updated that its unaudited net asset value per share as at 31st March was 50.25p, up from 49.99p at the end of the 2013 calendar year. The specialist provider of finance to small and medium sized enterprises has also declared another 1.25p per share quarterly dividend.
As investors await the preliminary results of Naibu (NBU), the remarkable Chinese sports shoe manufacturer, about which I have written before, they should steel themselves to be extra cynical. While it is doubtlessly true that there are some decent Chinese companies listed overseas, the idea that the dodgy ones are just a few bad apples is, in my opinion, dangerous. On AIM in particular, it is the decent ones that are in the minority.
A lot of oil companies have had ups and downs, but few to the extent of those experienced by Gulf Keystone (GKP). But after weeks of tumult, what now for this once darling of private investors?
There is nothing like equity investment for promoting a healthy sense of humility and reflection. In the case of power generator Drax Group (DRX), the humility comes from my being drawn to its long term attractions as an investment, as little time ago as a mere two weeks; the reflection consists of the painful reminder of the perfidy of weak government.
When a deposit gets big enough, a major mining company may seek to acquire the company, paying a healthy takeover premium to shareholders. The takeover battle for Osisko, which we talked about yesterday, shows that big mining companies will fight tooth and nail to get their hands on a big new ore body. Goldcorp fought hard with Agnico Eagle and Yamana for control of Osisko’s Malartic gold deposit. Goldcorp lost the battle, but is garnering lots of attention today for another acquisition – which it made successfully.
Just imagine. Fast forward fifteen years. Imagine every rule and assumption you currently hold about retailers, manufacturers, brands and own labels being swept aside. This new dawn is fast approaching.
Iofina (IOF) has today served up a gushing set of results. Everything is up, all looks fabbo, there is no need to raise fresh capital to carry out its “core” business plan, and the directors are confident and say the company is a going concern. What complete and utter bollocks.
Hello Share Shufflers: I was watching that Welsh sit-com Gavin and Stacey the other night. No, you mustn't blame me. My daughter was the real one watching, but I happened to hear the magic word 'shares'.
Not only has Tom Winnifrith received a death threat over his Gulf Keystone (GKP) musings, but it seems that if the nemesis of blinkx (BLNX), Ben Edelman, is also attracting attention. So which Bulletin Board Moron left the following message on Ben’s office voicemail?
Imitation is apparently the sincerest form of flattery, so you can imagine how thrilled I was to see my words make it into an RNS yesterday morning. Sure I had nothing to do with drafting said RNS and our terms of service are quite clear about not nicking our stuff, but, hey ho, these are mere details.
Identity technology company GB Group (GBG) has announced £11 million of new shares at 137.5p each have been conditionally placed with institutional investors to help fund a deal to acquire DecTech Solutions Pty Ltd, an Australian provider of established fraud detection and prevention solutions. The acquisition is for an initial £14.3 million, and up to £20.5 million, and with the announcement also adding that “GB Group has achieved a stronger set of results than was estimated”, the following updates.
Pakistan may seem a politically unstable country in a dangerous region, mired in debt, religious extremism and cronyism, but Shahrukh Khan, entrepreneurial chief executive officer of Oracle Coalfields (ORCP), insists it is a land of promise with a buoyant stock market. He points to the successful completion of a $2billion Eurobond the other day as evidence of this and that Pakistan’s 180 million people are crying out for an end to the chronic electric power shortages which, he argues, provide a potentially lucrative opportunity for AIM-quoted Oracle.
Unilever (ULVR), the owner of branded product such as Lynx, Domestos and PG Tips, reported revenues down 6.3 per cent due to adverse currency movements. The slowdown in emerging markets has translated into falling currencies and the UK big exporters are feeling the pain. That is the main reason why the stock has underperformed the general market in the past year.
Steve Todoruk, an Investment Executive at Sprott Global Resource Investments Ltd., said last year that big miners were the key to a rebound in natural resource stocks. Today, Steve says big miners look like they have moved past the pain of the last three years, becoming more aggressive now. See his recent note below.
Back down from the Greek Mountain, my mind is deeply troubled by yesterday's events at Iofina (IOF) and I have fired off a couple of emails to my new best friends at the FCA and also to AIM regulation asking if they can assist. Meanwhile I have chatted to Lucian Miers and as a result set a (generous) target price of 10p – the shares are now 24.75p.
What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips, plus what sexism at the BBC
It can be difficult just buying and holding a share at times, especially when nothing is really happening with the share price and many of its peers are seeing large rises.
I noted yesterday that Blue Prism (PRSM) was one of the most shorted shares on AIM. And having had a butchers at the numbers I can see why.
Again Carillion (CLLN) dominates the news and the political class is talking utter tosh with our useless Prime Minister Mrs May leading the way. By way of contrast Luke Johnson is superb in his Sunday Times Column today. Luke for PM before it is too late.
Hello, Share Peckers. I’ve just recently named three of my shares I have high hopes for. So to balance the boat, I’ll now nominate a trio of not-so-hopeful members of my portfolio. Three shares that I plan to sell as soon as the market indicates the best time.
In the excitement I forgot to mention Nomates but you can see a chart below that he'd rather you did not. It is self explanatory and my father wants to clarify that like Larry Cummins of Milestone (MSG) infamy he does not have a degree from Oxford. But unlike Lyin' Larry he has two. I discuss Milestone, Blue Prism (PRSM), AIQ (AIQ), 13 Energy (I3E) and focus on Frontera Resources (FRR) and include in my coverage the sordid role of fat bastard, that is to say Malcolm Graham Wood.
A note popped into my inbox with regard to the demise of Carillion. At first glance, it seems we’ve all been here before – way back in 1990 (when even Tom Winnifrith was a young man). For Carillion today, read Coloroll then.
I am sure that having bought the duff Italian assets of Sound Energy (SOU), Saffron Energy (SRON) shares will be aggressively promoted when they return from suspension. All the usual suspects in team ramp are already making initial noises. But should we really get excited? The City's No 1 oil analyst, Zac "The Knife" Phillips of SP Angel thinks not and opines today:
I thought I’d do a brief update on the first of my share ideas for 2018 – AIM-listed Bowleven (BLVN). Brief, because not much corporate news has come out, but there were a couple of interesting TR-1s. Tipped at around 30-31p, the shares were 32.7-32.9p at Friday’s close – it’s higher (good) but I don’t think I’ll be selling yet to cash in the odd penny!
If you listened to my bearcast of yesterday you will be in no doubt that I am aa big bear of Dignity (DTY) based on some simple maths. I take my hat off to a ShareProphets reader (Buy100ozSilver) for his maths in our comments section. His ( or her) post merits a wider audience.
It being the weekend, I thought I would take a break from stock specifics and make a few observations about a brilliant film that I watched recently on Netflix that I would recommend to anyone interested in investing, and particularly short-selling, as it tells the fascinating true story of Bill Ackman’s costly billion dollar short against alleged pyramid scheme, Herbalife (NYSE: HLF).
And so the blockchain spoofing continues. Step forward Stapleton Capital (STC), a standard list shell listed on 21 September to invest in telecoms. Its main man, the Holmes groupie Rodger Sergant has seen the light and the company is now to be known as BlockChain Worldwide (BLOC) The statement issued begs questions for the sleuth at 221B Baker Street.
It's been 18 months now since I cut the (virtual) cord with Sky TV (SKY) and I can't say that I have missed anything, except a £50 per month-ish bill. It's been replaced by Freeview, at the impressive price of free, and Netflix (NASDAQ:NFLX) at £6.99 per month.
There is a new kid on the twitter block, @ariadnecapitals seems to ask a lot of questions of the Ariadne Group and Julie Meyer as you can see below. How long before Julie sends a lawyers' letter to get it shut down?
Westminster Group (WSG) is a company which I once had high hopes for, but in the past it has always been one which has promised the earth but has failed to deliver much of any real substance.
It has been a bit volatile at times but if you bought the late August plunge in the shares of the UK's leading mobile and electricals retailer Dixons Carphone (DC.) as discussed HERE then you have made a few quid. So what to do now? Well step forward the company's trading update for the 10 weeks to the 6th January 2018…
Oh BBMs, lap up the nonsense coming out of AIM-listed Frontera (FRR) this morning. Please buy lots of shares, for there are lots more coming. We had expected an update on the company’s work on the Ud-2 well in Georgia, but this morning’s effort offered no numbers to go on and some strange terminology.
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