Having been cautious on ‘fast fashion’ womenswear retailer Quiz plc (QUIZ) since July 2017 161p per share AIM IPO, I note a positive share price response to a year ended 31st March 2018 trading update…
Hello, Share Pickers. Personally, I don’t drool over the Harry Potter books. Nor the films, either. But I’m not a child or a teenager and there’s no doubting the power of these spell-binding tales. Also very partial to the Harry Potter saga is Bloomsbury Publishing (BMY).
An industry source in Georgia has been in contact to relay news on Frontera Resources (FRR) which is not good at all. I offered the company the chance to refute or deny the allegations via its morally bankrupt PR agency Yellow Jersey but I have had no reply, not even a plea to extend my deadline. You can draw your own conclusions from that. My source writes:
Mr Allinson works for Cardew and bullied me in a most unpleasant way last Wednesday. Perhaps he thinks that he has found a journalist easily bullied. If so, the odious A grade shit thinks wrongly. And he is refusing to answer a key question about his client Air Partner (AIR). Elswhere I look at Mothercare (MTC), Tomco (TOM) and Carpetright (CPR). If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH.
A Trading Statement from manufacturer and distributor of electronics for use in harsh environments, Solid State (SOLI) commences that “the board is pleased to announce that the group profit before tax for the financial year 2017/18 will be in line with market consensus forecast at approximately £3 million. Year on year group revenue is expected to be slightly ahead of expectations at in excess of £45.5 million, close to 15% growth”. Sounds ok – and the shares have responded… er, currently around 25% lower to sub 300p?!?...
Nearly all clients of Beaufort Securites, now in adminstration, will end up losing nothing but will not get their cash and shares back until September at the earliest. But for 700 of the largest customers the news is not so good. They have today been told that their FSCS compensation, which is capped at £50,000, will not be enough to offset the steep charges being levied against client accounts by greedy fat cat administrators.
There is a lot of news out today including the latest dodgy updates from retail stragglers Mothercare (MTC) and Carpetright (CPR), both of which are completely uninvestable at the moment as I last discussed HERE. However, it is two other names I would like to update on today.
Obtala (OBT) has updated on the first quarter of 2018 – including “invoiced sales of $3.9m, quarterly record exceeded for contracted sales - $8m” and “the setting of new records for timber orders received and for volume of production” – seeing it further “on the path to our most pressing objective, to become cash-flow positive, and towards our longer-term objective of achieving high levels of sustainable profitability”…
I’ve been wondering for a while how Neil Woodford was going to deal with the impending crisis at his flagship Equity Income Fund in relation to the hard, unquoted stock limit of 10% and with all his Get Out of Jail cards used up. Filings at Companies House seem to indicate that he was left with one last option – giving his shares back to the company at nominal value!
Previously writing on SRT Marine Systems (SRT), I concluded in November with the shares at 36p to continue to avoid. They had subsequently slipped to around 20p – but are now recovering towards 25p on the back of a Year End Trading Update…
Louis Coetzee is clearly a bit of a tease. On Tuesday, Kibo Mining (KIBO) was expected to update its investors on ongoing Power Purchase Agreement discussions and things looked promising when it issued a Company Update at 2pm... only for all shareholders to be bitterly disappointed by yet another discounted placing! What is going on Louis?
Hello, Share Jammers. Recently, I’ve suggested that one of the less obvious, but telling, signals for a company in a fine state of health is the strength of its customer base. If that amounts to a few obscure orders, there could be limited growth. But if there is an A-list of clients, you can bet some big high-power brains have analysed the company and found it to be worthy of custom.
Jeff Berwick describes himself as an Anarcho-Capitalist, libertarian, and freedom fighter against mankind’s two most significant enemies, the State and the Central Banks. Good man. He argues that the cryptocurrency ecosystem has had a lot of innovation and late last year the dumb money began investing. The January pullback was expected and needed. Many are glad there was a pullback as things were growing too fast. The potential of cryptocurrencies has not changed, there is still massive amounts of development. There is a lot of buzz in the cryptocurrencies, and it’s not going away.
Online fashion retailer ASOS (ASC) states it “reports further progress with a strong trading performance for the six months to 28 February 2018”. The shares have responded, er, currently quite a percent lower…
Interrupted by a vomiting cat and by Amazon delivery men this is my third stab at a podcast today. In it I cover FlowGroup (FLOW), Avanti Communications (AVN) and Inmarsat (ISAT), BCA Marketplace (BCA), the crock of shit that is Mosman Oil & Gas (MSMN) and Pantheon Resources (PANR), also a crock. And I revisit Air Partner (AIR) which is still not answering a key question. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH.
Previously writing on point-of-sale, payment and loyalty systems group Universe (UNG), I concluded with the shares at 6.625p last month that they then still only at best for watchlists awaiting the company to more reassuringly announce. It is now “pleased to announce its audited results for the year ended 31 December 2017”, having “continued to advance as a business during 2017, with the production and roll out of our next generation electronic point of sale solution and payment terminal, Gempay 3”…
In one of the most bizarre listings the UKLA has allowed through, AIQ (AIQ) got onto the Standard List in January, only to be suspended three days later. The shares had gone mad, rising to 125p at suspension despite being a simple cash shell having raised money at just 8p. It seems that there were buyers but nobody could sell as their shares were paper certificates which had not arrived. But there were a few other matters too.
Back in January I said that you were a bonkers bull if you bought shares in the recruitment company PageGroup (PAGE) and over the last four months the share price has struggled to crack on from the excitable 540p+ level it reached in mid-January. I still think this is the case...but today's trading update is notable for another trend: everywhere bar the UK is still growing for the group.
I had to laugh at the basket case that is the stockbroker Daniel Stewart as it finally came out with the accounts for its trading subsidiary, Daniel Stewart & Co (DSAC), for the year to 31 March 2016, not just as it shows how worthless Rob Terry’s holding is but also, being such a quality outfit, it accidentally provided much more information than it intended to. It is worth taking a look before Daniel Stewart corrects it.
Well I called it. Back in January I told you that opportunity was better than the threats to the Tesco (TSCO) business model and I urged you to buy the stock, which is now trading at the 220p+ level I hoped for in my write-up.
Oh praise be the Lord, crack out the ouzo, Julie Meyer appears to be on the run. To have your flagship company - Ariadne Capital - go bust and have the administrator gunning for you over disappearing cash is bad enough but now the Old Bill are after devout Christian Julie Meyer MBE. Over to the newspaper, The Times Of Malta, which reports:
The day, that after 28 years as a journalist,, I take lectures on my vocation from a lying toe-rag like UK Oil & Gas (UKOG) boss Steve Sanderson is the day I quit. Lyin' Steve attacked me at his company's AGM and blames me for the death spiral which - along with drilling disasters - has cratered his company's share price.
For the last time I laugh at Ed Croft's joke system at Stockopedia which rates Quindell a storming buy after it is exposed as a fraud and Globo a buy but slates, for instance, Learning Technologies (LTG) - did you see its news today Ed? Then I look at the Begbies Traynor (BEG) red flag report which is remoaners treat and an even bigger abuser of data analysis than Quindell cheerleader Ed Croft. I also cover my pike fishing exploits and Online Blockchain (OBC) - now more than 50% below its placing price and 75% off its year high.
This week all of the team will tip 1 stock - long or short - which presented at UK Investor on Saturday or was mentioned in a presentation. For paying customers only, fourth up it is Cynical Bear.
This week all of the team will tip 1 stock - long or short - which presented at UK Investor on Saturday or was mentioned in a presentation. For paying customers only, fifth up it is Chris Bailey who, TW notes did a superb job interviewing Vin Murria on the main stage. Utterly top notch. Back to Chris and his share tip.
I concluded my last write-up on Premier Inn and Costa Coffee owner Whitbread (WTB) hoping for an event inspired by both activist shareholders on the company's ownership register and the new right-on Chairman Crozier who previously had set a fire below both ITV (ITV) and Royal Mail (RMG). Well today - finally – it delivered with the announcement that 'Whitbread will pursue a demerger of Costa, providing shareholders with investments in two distinct, focused and market-leading businesses'.
Hello, Share Pickers. When a share continues to look even more promising after earlier recommendations, there’s an excuse to return to the story. So let’s have yet another stab at Royal Dutch Shell (RDSA) - there are also Shell ‘B’ shares, known as 'RDSB', which are subject to Dutch rules on dividends, so you may get a better yield from these.
Oh dear it is another bad day at the office for Neil Woodford. First up I answer the question posed by Cynical about the great man HERE. Then I look at the disasters one of which told a monstrous lie in its RNS today: Merreo Pharma (MPH), Mirriad (MIRI) and Hvivo (DOG). Then I look at Concepta (CPT), shares in which we own, Nighthawk (HAWK) and its dead cat bounce and finally at uber ramp Sound Energy (SOU) and what a CPR based on 2D seismic really means, i.e. Jack shit.
Some positive sentiment finally seems to be returning to UK offshore oil and gas companies, and Cluff Natural Resources (CLNR) could be in a position to benefit from that. Things have been pretty dire for the North Sea focused company, and although its assets revolve around gas, which has performed badly in comparison to oil of late, any renewed interest in the area should be of benefit.
This week all of the team will tip 1 stock - long or short - which presented at UK Investor on Saturday or was mentioned in a presentation. For paying customers only, sixth up it is Nigel Somerville.
No it was not Quindell (QPP). That was two years earlier AFTER it had been identified as a fraud. Nor was it Globo although Ed Croft's Stockopedia stock picking system ranked that at 92 out of 100. Oops. No Ed's St Valentinee's day 2017 present to his poor followers was...
Next week there will be a spectacular avalanche of treats on ShareProphets but those treats will be for paying customers only. So what can you expect? And why should you join TODAY? Here goes...
AIM-listed Rurelec (RUR) released what appears to be a mixed bag of news this morning, although on closer reading it looks all bad. The board has its work cut out once again as liquidity appears to be heavily constrained and there is limited certainty over further debt repayments. In other words, it is yet again running very close to the wire: will this latest crisis be enough to finish off the company?
This week all of the team will tip 1 stock - long or short - which presented at UK Investor on Saturday or was mentioned in a presentation. For paying customers only, seventh up it is the pizza Hardman, Darren Atwater.
There’s been a lot to comment on relating to Woodford Capital Patient Trust (WPCT) recently but with the March portfolio updates for all of Woodford’s funds finally being published on Monday, I thought I should get my updates out as Woodford appears to have been a bit preoccupied to do so with a minor biotech blip and the like.
Biome Technologies (BIOM) “is pleased to announce a trading update for the three months ended 31 March 2018. Group revenues achieved for the first three months of the year were £2.1m, 37% ahead of the same quarter last year”. The shares have responded, er, 8% lower to 345p…
OK, it is only half a bernie but shares in Minoan had been doing well of late. Now it has done a placing at 6p (the shares were 8p yesterday), welcoming new joint broker Cornhill Capital to the Minoan Team. Apparently this is all good news and Christopher Eagleton is pleased to have raised the funds. So that's alright then. Never mind the 25% discount....
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