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Newsboy

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.

Bearcast
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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.

MRS
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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…

Collapsing-Reactor
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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.

RRR
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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.

XPD

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?...

XSG
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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…….

BUR

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...

Bull

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

AAU
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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…

WPCT
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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.

MOTR
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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”

ASHM
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Ashmore – a stock just like the emerging markets it trades

There are only two ways to play the emerging markets: you are either in them for the longer haul or you trade them. I think a bit of both is appropriate, a sort of core and satellite approach. Ultimately there are lots of supportive big theme mega-trends (urbanisation, population, rise of a higher consumption middle class) but also lots of potential issues around dodgy governments, corruption and the natural volatility from anything that is 'emerging'…

Bearcast
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Tom Winnifrith Bearcast: I am glad Mugabe is dead & burning in hell with Martin McGuinness

I start with the incredibly exciting matter I flagged yesterday. It did happen and I shall be able to say more in 4-6 weeks. Then onto the death of Robert Mugabe. I am sure the BBC will focus on early heroics. It should not. That is like saying "but... Hitler created some good art early on." I celebrate Mugabe's death wishing it had happened years ago. I look at how the regulators fail to tackle white collar crime reference Sefton (SER) and at why Altitude (ALT) MUST be investigated. I also cover Alien Metals (UFO) and Neil Woodford dog Xeros (XSG).

PPIX

ProPhotonix – RNS Reach does prove a portend; now “reviewing all funding and strategic options available”

Earlier this week I cautioned on ProPhotonix (PPIX), new laser diode ‘delight’, but it’s an RNS Reach having questioned its financial strength. Now first half of 2019 results – and the shares currently at 2.25p, approaching 30% lower…

ALT
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Letter to FinnCap: Your client Altitude is talking rubbish, please ask the FCA to investigate £2.2m director share sales and other possible market abuse

Yesterday AIM Casino listed Altitude (ALT) served up a very nasty lack of sales and profits warning relating to the six months to June 30th as Steve Moore described HERE. What absolutely stinks to high heaven are three share transactions made by founder and NED Martin Varley. Those trades would have had to be cleared by the board and the Nomad, hapless FinnCap, to whom I have written in today, copying in the regulators. There is another big issue that needs investigating too...

Gold

Podcast: Smaller Explorers Will Provide Multiple Returns in this Gold Market

Entrepreneur and author Nick Germain feels that the cannabis and crypto markets have drawn some interest from new investors. There is a bit of an uphill battle with attracting young investors to invest in resources, but that may improve.

Collapsing-Reactor
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Neil Woodford Redemptions Watch: a modicum of outperformance……except at WPCT (ouch!)

Neil Woodford’s benchmark for his Equity Income Fund (WEIF) and Income Focus Fund (WIFF), the FTSE All-share index, dropped by 0.41% yesterday but the good news for Neil is that WEIF and WIFF posted gains in NAV per share, with WIFF up by 0.26% and WEIF up by 0.23%. Hurrah – for one day only, he’s beaten the benchmark!

EMIS

You Might Not Want to Give EMIS a Miss as Demand by Doctors Might Soar

Hello Share Movers. As I've opined before, doctors surgeries are becoming fuller as we get older and more frail. Also, I suspect many of us are not as stoic as our ancestors and go running off to the quack for the slightest thing. All this extra pressure on your GP means that they look for ways to speed things up. Enter EMIS Group (EMIS), a company I've commended before...

CLSU

ClearStar – an achievement it’s proud of, but financial impact? And it’s an RNS Reach…

“ClearStar (AIM: CLSU), a provider of Human Capital Integrity technology-based services specialising in background and medical screening, is pleased to announce that it has achieved ISO/IEC 27001:2013 accreditation”, with the company emphasising “we are proud to have… efforts recognised through this accreditation”. Though I note it’s an RNS Reach announcement…

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ANP

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Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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