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.
“Common yardsticks such as dividend yield, the ratio of price to earnings or to book value, and even growth rates have nothing to do with valuation except to the extent they provide clues to the amount and timing of cash flows into and from the business.”
Warren Buffett, Berkshire Hathaway Inc. Chairman’s Letter (2001)
“The more dependent the valuation becomes on anticipations of the future – and the less it is tied to a figure demonstrated by past performance – the more vulnerable it becomes to possible miscalculation and serious error”.
Benjamin Graham, ‘The Intelligent Investor’ (1973)
VSA Securities has today initiated its coverage of Madagascar Oil (MOIL) at 16.5p with a claim that the shares are worth 70p.
In case you missed the recent interview with Westminster Group (WSG) at the UK Investor Show (click here), Doc Holiday has just released a new audio interview with CEO, Peter Fowler. Read on below.
Hello Stock Twiddlers: Very cheap shares are worth looking at. I would not put all my resources into penny stocks, but on the other hand they are worth having in moderation.
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Peter Fowler / Ian Selby of Westminster Group (WSG)
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by David Archer of Savannah Resources (SAV)
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Matt Lofgran of Nosta Terra (NTOG)
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Luca Madeddu of Sound Oil (SOU)
Tickets for the 2015 UK Investor Show featuring 50 star speakers including Chris Bailey, Nigel Wray, Vin Murria, Cassandra Harris, Evil Knievil and Ben Edelman are available now at a special early bird 50% discount rate - you can book HERE!
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Stephen Streater, Marcus Hanke, John Wisbey, and Vin Murria
Following its noon warning on the day of the Easter break that “pre-tax profits for the full year are now expected to be £1.4 million lower than previously forecast and will be £1.5 million after one off costs of £150k”, and ahead of its AGM tomorrow, the following updates on SpaceandPeople plc (SAL). This is with the shares, at 71p currently, more than 46% lower than they were before the warning and with researcher Edison having today updated.
What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips, plus what sexism at the BBC
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.
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.
The Financial Reporting Council has today fined audit firm ArrandCo, formerly known as RSM Tenon, £1 million ( reduced by 30% for co-operating) and audit partner Jeremy Filley £80,000 ( reduced to £56,000) for allowing the fraud Quindell (QPP) to publish fraudulent 2011 accounts. No doubt Snot Gobbler Dan McCrum at the FT is again about to produce a timeline taking credit for this but the FRC has stated explicitly that it widened its enquiries to include the 2011 accounts only because of specific allegation raised by me as you can see HERE. These fines are down to my work, not that the deadwood press will ever acknowledge that. So how did Rob Terry and his associated in the Quenron gang, cook the books with the help of Filley and RSM Tenon.
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?
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!
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.
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:
To lose 25% of your market capitalisation in less than a month looks a bit like carelessness but that is what UK Oil & Gas (UKOG) has managed. The real issue is that it is grossly overvalued on a fundamental basis - the shares should be sub 1p. The immediate issue is the news from Broadford Bridge. Or rather lack of it.
I start with today's personal triump on Quindell (QPP). And it is a real personal triumph for me, not that the deadwood press or my critics will recognise that. I then cover Milestone (MSG) - Ho Ho Ho - Pets At Home (PETS), Joshua's fave store, N Brown (BWNG), Worldwide Blockchain (BLOC) and Velocity (VEL) another dog from the FinnCap kennel.
Folks can ignore the warnings of myself, Nigel Somerville and Waseem Shakoor about the overvalued ramp stock Frontera (FRR) if they wish. But the City's No 1 oil analyst Zac "The Knife" Phillips has just published a very specific and damning note. No doubt "fat bastard" Malcolm Graham Wood will ignore this real analysis as he continues ramping the shares with misleading statements in return for generous cash payments to buy yet more pies. But it might pay the Bulletin Board Morons to listen to someone who is not on the payroll and does know what he is talking about. Over to The Knife...
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.
On last month-announced results for its half year ended 30th September 2017, we noted Premaitha Health (NIPT) currently looking at positive pre-litigation cashflows, but that there remained risk of low cash headroom or even a cash shortfall including if further litigation-related costs are required. There’s now a Secured loan facility agreement with Thermo Fisher announcement.
AIM-listed Milestone Group (MSG) has been up to its neck in controversy for over a year now, but I wonder if the company has had some bad news it hasn’t quite got around to sharing. This is regarding its blockshain spoofery (oops), I mean its software license agreement with Black Cactus Global Inc (Envoy Group as was) which we were told it had entered into on 6 December.
Looking at all bull markets in the S&P since the year 1900, and then examined what happened in the very first year after each of those bull markets ended is interesting. In the first year of the bear market after the last full year of the bull market the numbers were striking and could be useful if 2017 ends up being the peak of the bull market.
Search ShareProphets |
Stock market news |
Complete Coverage |
Recent Comments |