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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!
- By Nigel Somerville |
- 6 September 2019, 09:22 |
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...
- By Malcolm Stacey |
- 6 September 2019, 09:10 |
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…
- By Steve Moore |
- 5 September 2019, 16:40 |
Location Sciences – following questioning if “expansion of the US team and increased investment in business development” will mitigate…
Location Sciences Group (LSAI) has followed “extremely pleased” with the appointment of Michael Iantosca to its advisory panel with “together with Blis, we are taking the lead globally in terms of bringing transparency to location data”. Oooh – global lead, hey…
- By Steve Moore |
- 5 September 2019, 15:17 |
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Tom Winnifrith Bearcast: something incredibly exciting may happen today I can't reveal just yet
If it happens and when I can tell you I shall. Meanwhile I discuss Malcolm's bonkers views on housebuilding shares and, at length, the dogs that are Tomco (TOM) and Highlands Natural Resources (HNR) with asides on the Dallas TV show, who shot JR and my cousin Jeff's "crime" and the 3DM fraud.
- By Tom Winnifrith |
- 5 September 2019, 15:17 |
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Altitude – “revenue has not accelerated as quickly as envisaged”… so about those £2.2 million director share sales!…
Self-styled “leading provider of technology and information services to the promotional products, print and clothing industries”, Altitude Group (ALT) has updated including “growth in revenue in the US means that the US business is now self-funding and the group retains current cash resources of approximately £3.0m and has no bank borrowings” and “confident that the potential for the business is greater than originally thought”. The shares are currently at circa 60p – around 35% lower!?...
- By Steve Moore |
- 5 September 2019, 12:58 |
Kefi: green light for Tulu Kapi – upgrade stance to strong buy
Good news at last for we loyal shareholders in Kefi Minerals (KEFI). The company says that its partners, notably the Ethiopian Government, have reaffirmed their commitment to starting development in October 2019. That means first gold in late 2021 as scheduled...
- By HotStockRockets |
- 5 September 2019, 10:40 |
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boohoo says boo hoo to the doubters
Lots of bits and pieces in today's regulatory updates...but I cannot really rouse myself to talk about why William Hill (WMH) finally got religion to evolve its CEO or why I am not too surprised Dixons Carphone (DC.) is a better business than the market gives credit for, nor even why yesterday's numbers and comments from Barratt Developments (BDEV) or today's from Redrow (RDW) are not enough for me to change my (negative) views on the housebuilders. By contrast I am pleased to read a positive update from boohoo (BOO)…
- By Chris Bailey |
- 5 September 2019, 10:35 |
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Columbus Energy Resources – interims, second half to be transformational?
Currently Trinidad-operating, oil and gas company Columbus Energy Resources (CERP) has announced results for the first half of 2019 and emphasises it “is on the verge of an exciting phase with a number of activities commencing in 2H 2019 which could potentially be transformational”…
- By HotStockRockets |
- 5 September 2019, 10:30 |
Podcast: More upside still to come in gold and silver
Technical analyst JC Parets has been bullish for the last year on precious metals, and a part of his thesis was a call for a weaker dollar. However, the dollar index has been flat while gold and silver have shown a great deal of relative strength. If the dollar weakens, that would likely boost the uptrend in metals while if it strengthens that may weaken gold.
- By Tom Winnifrith |
- 5 September 2019, 09:56 |
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Neil Woodford Redemptions Watch: down, down, down as we learn (after hours, natch) of THIN pickings
Serial no-one-is-watching o’clock issuer of bad news, Oslobors-listed Thin Film (THIN) announced last night at eighteen minutes past 6pm that Neil Woodford has offloaded another tranche of the company’s confetti to bring his holding down from just shy of 20% to 13.5%. Early yesterday the shares were trading at NOK 0.07 but closed at NOK 0.06, perhaps indicating again that valuing small illiquid stocks is all very well until you try to sell them.
- By Nigel Somerville |
- 5 September 2019, 09:32 |
Another Big Builder Defies the Doubters and Posts Decent Numbers. It's Worth a Look
Hello Share Buyers. House building is a funny old game for poor old share shifters like us. If house prices fall, as they seem to be doing now, you can bet your last dollar that builders' share prices will go down even faster. But my feeling is that continuing demand for homes and low interest rates will keep the sector bubbling up, especially for more affordable homes...
- By Malcolm Stacey |
- 5 September 2019, 09:22 |
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Oooo Er MRS, the comedy shit show continues – shares in Management Resource Solutions suspended
Shares in this posterboy for the AIM Cesspit fell in morning trade. Pure coincidence natch! Nothing to see here officer, move along quickly please. At 2.20 PM the Oxymorons at AIM Regulation suspended trading in a company we have pointed out is drowning in debt and red flags and is almost certainly worthless on many occasions as you can see HERE. At 4.01 PM Management issued a statement. You cannot make this shit up. Only on the AIM Cesspit.
- By Tom Winnifrith, The Sheriff of AIM |
- 5 September 2019, 01:47 |
Quiz plc – AGM Trading Update, can it return to sustainable profitable growth?
An “AGM trading update” from fast fashion retailer Quiz plc (QUIZ) includes that it “has continued to benefit from sales growth through QUIZ's own websites” and “the board continues to believe that, through the strength of QUIZ's flexible business model and increasing online focus, the group can return to sustainable profitable growth in the medium term”. The shares have responded to a current circa 17p – around 8% lower…
- By Steve Moore |
- 4 September 2019, 15:50 |
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Tom Winnifrith Bearcast: The stench of Neil Woodford makes IP Group uninvestable whatever Jefferies says
In today's podcast I look at Mobile Streams (MOS), Xeros Group (XSG), what causes Neil Woodford to call it a day and how the stench of his activites makes IP Group (IPO) uninvestable at any price whatever broker Jefferies says in a note today.
- By Tom Winnifrith |
- 4 September 2019, 15:49 |
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Winnileaks: Sam Hutchins and the GRIT share dumping cover-up: will the FCA do anything about it? (new evidence)
Yesterday, Global Resources Investment Trust (GRIT) issued a TR1 relating to the shareholding of Align Research run by Mr Richard Jennings. This demonstrates the extent to which former boss David “Sam” Hutchins went to to cover up his own share sales in a closed period, a matter we raised HERE.
- By Tom Winnifrith |
- 4 September 2019, 14:24 |
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Redemptions Watch: market down, Woodford funds down more but redemptions up
Yesterday saw the FTSE All-Share index, Neil Woodford’s benchmark for both his Equity Income Fund (WEIF) and his Income Focus Fund (WIFF) drop about 0.2% as Parliament continued its Brexit nonsense. But WEIF dropped 0.67% and WIFF lost 0.37% in NAV per share as Neil’s underperformance continued.
- By Nigel Somerville |
- 4 September 2019, 12:44 |
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Mobile Streams – proposed AIM cancellation, hopefully our warnings were heeded…
First writing here on Mobile Streams (MOS), in 2015 I concluded with the shares at circa 17p it is currently here for me, red flags ahoy! Bargepole. Most recently, I concluded with the shares now further lower to 0.15p, the market cap is down to £0.21 million. Good luck from there! – and I note more than three months ago the company was already “analyzing further financing initiatives”. Natch, currently still a bargepole / sell. Now “Proposed Cancellation & Notice of General Meeting”…
- By Steve Moore |
- 4 September 2019, 11:56 |
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Get on your bike...but don't buy Halfords
Away from being an investment geek and spending time with the family, one of my favourite hobbies is cycling. Like a complete sad-o, for the last ten days or so, I have been putting my static bike in front of the TV and pedalling away whilst watching highlights of the Vuelta (the three week grand tour of Spain for pro-cyclists) but it is getting out and about in the fresh air on the bike that does it for me. So I know a little bit about cycling and my personal consumer view of the space is: I don't need to go to Halfords (HFD)...
- By Chris Bailey |
- 4 September 2019, 11:00 |
ProPhotonix – new laser diode ‘delight’, but it’s an RNS Reach…
ProPhotonix (PPIX) is “delighted to offer this new laser diode, adding to the ever more comprehensive range of direct diode lasers available to our customers… with more than 20 years of experience in laser diode technology, ProPhotonix is well placed to support customers in identifying the best laser diode for their application”. What about financials though?...
- By Steve Moore |
- 4 September 2019, 09:42 |