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Latest News

OSI

Osirium Technologies – “pleased to announce” first customer for Opus… but cash position very much less pleasing?

Osirium Technologies (OSI) “is pleased to announce the first customer for its new innovative privileged robotic process automation solution, Opus, which was launched in May of this year” and that Opus “is generating interest across DevOps, NetOps and outside IT in business teams”. The shares though are unchanged at 59.5p. Hmmm…

NMC

Footsie Health Jumbo from the Middle East to announce numbers which could rally a recent share dip

Hello Share Placers. The United Arab Emirates seems to be attracting a bad press at the mo, for reasons which are all over the news bulletins. So we need not go into them. Nevertheless, today’s commendation from moi is for a company based there...

Bearcast
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Tom Winnifrith Bearcast: Cough, cough but at least I enjoy radio silence from the spiv Lucian Miers

I am not well as the repeated coughing implies. I have self diagnosed and think I may have bronchitis. Anyhow apologies for more coughing today. In the podcast I look at Tomco (TOM), Conroy Gold (CGNR), Sports Direct (SPD) and at Kier (KIE).

IND

IndigoVision – interims, “return to profit” momentum encouraging?

Video security systems group IndigoVision (IND) has announced results for the first half of 2019 emphasising “return to profit in H1, the first time this has been achieved since 2014” and “momentum in the business”. Sounds encouraging…

WALG

Filthy Forty Walcom (and a slam-dunk sell for 2019): yet another profit warning - The Fat Lady is warming up…..

Oh dear, oh dear – an intra-day Company Update….not a good sign. ShareProphets AIM-China Filthy Forty play Walcom (WALG) – one of a handful left – has updated the market on its position. We learn that African Swine Fever continues to affect most of the company’s domestic customers (so another profit warning), its former best customer still hasn’t paid up and it is unclear whether it will, the company has only funds to see it through to the middle of next month and absent alternative funding it will be a trip to the corporate undertakers. Apart from that, everything is fine!

BERM
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Bermele – what’s the ‘pleasing’ “progress to date” then?

Bermele (BERM), “a company formed to acquire a target company (or companies) with realisable or developed commercial technologies in the pharmaceutical and biotechnology sector, is pleased to update shareholders on its progress to date”. The market is also apparently pleased – the shares currently 40% higher to 1.75p…

BUR
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Burford & Napo - the critical timeline Muddy Waters did not provide

A critical matter in the Muddy Waters Burford dossier is the way that Burford (BUR) booked profits in 2013 on a case which had yet to conclude but which it in fact lost, Napo. Burford has come up with a barely plausible explanation of this but what Carson Block and his team failed to provide is an exact timeline and this is critical. So here goes:

XSG
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Woodford revolutionary washing machine cash-hungry dog Xeros announces an attempted related party fundraise as predicted. So much for the Going Concern – it’s Ouzo for breakfast

Only last Friday I predicted a fundraise by AIM-listed Neil Woodford backed cash-hungry dog Xeros (XSG), pointing out that Neil hadn’t any cash, in the wake of news that Xeros had sold its US washing machine business. Amazingly, the shares went up even though it was clear the company needed cash and was still haemorrhaging money faster than your average washing machine drains water. The passing of this crock as a going concern by the auditor as a Going Concern only at the end of April will have shareholders all in a spin (that’s enough washing machine gags – Ed). Well blow me down with a feather – its Ouzo time.

FGP
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The FirstGroup renaissance continues

Outside of some legendary gold plays, one of my better portfolio performers year-to-date has been FirstGroup (FGP) which I have loved up a number of times in the last eighteen odd months on these pages, ever since it was silly enough (admittedly under a different management team) to turn down a bid from private equity. In my previous update, I recounted how the new management team were actually starting to copy some of the suggestions offered by activist challenges. Now this is all good stuff...but it is even better when you win new contracts…

BUR
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Lucian Miers' thoughts on the Burford fiasco

Last week’s saga of Burford Capital (BUR) illustrates well the febrile state of the markets right now and shows how easily ruffled both retail and institutional investors can be in the scandal-prone junior market...

Collapsing-Reactor
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Redemptions Watch: Neil Woodford funds still on a downer

To be fair to Neil Woodford, markets have been a tad choppy of late, to say the least. But yesterday at midday the FTSE100 was down around a third of a percent and this morning’s data from Morningstar shows that Woodford’s Income Focus Fund (WIFF) had lost 0.85% in NAV per unit and his Equity Income Fund (WEIF) had dropped 0.75%. Another day of outperformance (of the wrong sort) then...

0R22

Looking for a Gold Play as Most Shares Underperform? Consider this Glittering Giant

Hello, Share Pinchers. At last, the gold price is rising. Though that sometimes spells doom for our non-gold related shares, as the rush to buy yellow can be sparked by a doddering general stock market. But which gold-centred company to buy?

Bearcast
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Tom Winnifrith Bearcast: Diversified Gas & Oil just smells all wrong

In today's bearcast I look at shitty little gold plays like Conroy (CGNR) and Condor (CNR) at their relationship to the gold price. I cover Burford (BUR) noting today's interventions from two giants of the investment world: Carson Block of Muddy Waters and Roger Lawson of ShareSoc. I look at Providence Resources (PVR) a comedy set to end in tears, at Diversified Gas & Oil (DGOC) a tragedy set to end in tears and also at Neil Woodford and that Cenkos (CNKS) profits warning.

STAR

Starcom – interims, “confident” H2 “will show an improvement over the second half of 2018”… but what will even that mean?

Remote wireless technology company Starcom (STAR) has announced results for the first half of 2019 including “initial orders for the new Lokies smart padlock are encouraging and we have high expectations for this new product” and that it “is confident that the full year results will be in line with current market expectations in terms of revenue growth and that the company will achieve a positive EBITDA result for the year”. The shares have responded… further lower, to 1.1p…

WOSG
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Still calling time on Watches of Switzerland

A month or so ago I wrote about Watches of Switzerland (WOSG), observing that 'if I owned shares in this one, I would be calling time on them'. Admittedly, that was a terrible witticism but you get the general investment view. If you plan on offering a premium product then you have to accept the fluctuations of the cycle…

Tom
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FREE Podcast: ShareProphets Radio Edition FOUR with Tom Winnifrith (and the king of the fraudsters)

In this fourth edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss bad convertible loan/death spiral funding looking at the recent RNS from Kefi (KEFI), I interview David Bramhill of Union Jack Oil (UJO) and then bring you part one of two part interview with the greatest living and funniest fraudster Sam Antar of Crazy Eddie's infamy. Enjoy. If you like this and can't wait seven days for more of the same you should listen to my Bearcast every day.

TRT

Transense Technologies – Bridgestone collaboration agreement ‘delight’. Hmmm…

Shares in sensor systems company Transense Technologies (TRT) are currently more than 15% higher, above 70p, on the back of a “Joint Collaboration Agreement with Bridgestone” announcement…

BUR

Matt Earl Tweet, who is a very funny bear then?

Just to show that bears can tell jokes, here's a Burford (BUR) tweet from Matt Earl. the Dark Destroyer.

CNKS
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Cenkos Securities – an intra-day “Directorate Change & Trading Update”. Uh oh…

Shares in stockbroker Cenkos Securities (CNKS) are currently up to around 40p, though down from more than 46p at the end of last week. This following a Monday intra-day (3:02pm) “Directorate Change & Trading Update”

Gold
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Gold – rushing ever higher but Jordan Roy-Byrne seems to be getting nervous in the very short term, and what I will do

ShareProphets favourite technical analyst Jordan Roy-Byrne has been a bit of a hero over the last few months, correctly calling the gold price higher and higher. But he seems to be getting a little nervous as the yellow metal continues its surge towards $1550 per ounce...

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