I previously updated on fully-listed inkjet printing technology company Xaar plc (XAR) following a stunning trading update from it in June – see HERE. The company has today announced results for the first half of 2013…
Our very own penny stock resources guru Doc Holiday has challenged our friends at Mining maven to a share tipping contest. Today is day three. C’mon Doc:
The world’s number one mining analyst Roger Bade has again stuck the knife into Sylvania Platinum (SLP) warning that big asset write-downs may well see the next set of results drowned in red ink.
At 7 AM a week ago liar and crook Jim Ellerton stepped down from the board of Sefton following the publication by me of documents showing that he was a liar and criminal. This was meant to be temporary pending a full investigation which we were told would mean that we would get an update “within one week”.Well guess frigging what?
Following my update last week on Cineworld Group (CINE), the largest cinema operator in the UK, the shares have continued to advance (to a current 421p) and the company has today announced an expansion of its partnership with IMAX Corporation…
I tipped shares in collectibles business Noble Investments (NBL) at a 220p offer price in February on the Nifty Fifty website I run with Tom Winnifrith and at the time I noted that the company had been hit a few months prior by commissions due of £2.2 million remaining unpaid “as a significant Qatari collector has yet to settle the consideration due in respect of auction purchases”.
Following interim results from international engineering, construction and technical support services provider, Kentz (KENZ) yesterday there has been further broker reaction. The following updates…
Commissioned researcher Edison has published a bullish and detailed note on IQE (IQE) this morning with the stock at 31p.
The U.S. Comex gold futures advanced for three consecutive weeks and have rebounded 20.4 percent since the trough on 27 June. This week, the gold futures were up 1.75 percent to finish at $1,420 on Tuesday. Year-to-date, the prices declined 15.26 percent. The Dollar Index ended at 81.166 on Tuesday and fell 0.24 percent this week.
Our very own penny stock resources guru Doc Holiday has challenged our friends at Mining maven to a share tipping contest. Today is day two. C’mon Doc:
Results from Kenmatre (KMR) out today are – as expected – dismal. But it is the cautious statement about ilmenite demand and prices that will really set alarm bells ringing given the dire state of the company’s balance sheet. The world’s top mining analyst Roger Bade of Whitman Howard warns that yet another cash call is needed.
Kentz (KENZ), the international engineering, construction and technical support services provider whose share price (currently around 570p) has recently been buoyed by takeover approaches, has announced results for the first half of 2013. The following updates along with a broker’s thoughts…
Invensys plc (ISYS), the FTSE-250 software, industrial automation and energy controls company which last month announced an agreed takeover offer from France-headquartered multinational Schneider Electric has announced “an extension of the normal timetable for posting of the scheme document” due to “the time required to prepare and obtain regulatory approval for the prospectus to be published by Schneider Electric in relation to the offer”…
Sylvania Platinum (SLP) announced its annual results today and the world’s No 1 mining analyst Roger Bade of Whitman Howard reckons that what was published really does not tell the whole (unimpressive) story. Bade writes:
Eric Sprott founded Sprott Asset Management in 2001, and has been a steadfast proponent of owning gold and gold equities over the last decade. He recently argued that gold may rally to new highs within the next 12 month – he is perhaps the world’s best known resource stock investor. As such this interview given the other day is pretty interesting stuff.
Northern Petroleum (NOP) announced last week that 3D seismic data purchased and interpreted since the company acquired its leases in northern Alberta, Canada “has increased the number and type of drilling opportunities available on the land… (these) include the identification of undrilled reef structures as well as reefs which may benefit from drilling up-structure from the previous entry point”. With also formal assignment of existing wellbores from previous operators taking longer than usual (the drilling of a new well and a side track not affected by this), the company notes that “the final proof of concept well sequence will be adapted to reflect this”
Our penny stock resources guru Doc Holiday has challenged our friends at Mining maven to a share tipping contest. Doc will over the next few days pick five oil stocks, Mining Maven a five mining stocks. Let battle commence ( c'mon Doc!):
Meggitt (MGGT) is in part a supplier of military aircraft equipment to the US. This time last year, facing the US ‘fiscal cliff’ (remember that ?) when observers were gloomy about Meggitt’s prospects in that market. Who and how many predicted that Meggitt shares would have outperformed the FTSE 100 in the way it has over the last year (Meggitt’s shares are up 33% and the Index by 12%).
The more you dig the more you find with Sefton (SER). As such here are a couple of other items for Pinsents, Dr Ali, the NEDs and the Spiders from Mars to add to the internal investigation into liar and crook Jim Ellerton. I take you back to the 2005 Annual Report.
Those who backed the IPO of technology investment company Frontier IP (FIPP) in 2009 are still nursing heavy losses but recent weeks has seen some interesting buying and the shares have moved ahead to 13.75p. Has the corner been turned?
Following complaints from shamed share ramper Roger Lawson, ADVFN has insisted on a raft of new editorial controls on OneFreeShareTip.com. I did not re-start my life five years ago to be told what I could or could not write. I said no and ADVFN boss Clem Chambers has just said that the website will be shut down. So...our hand is forced ... Welcome to fivefreesharetips.com - we hope you join NOW HERE.
Thanks for all the emails on Optibiotix (OPTI). We understand seeing the shares slide back to 53p odd is alarming. To one or two of you, there is no need for such language! To the rest of you here goes.
As seen here, Telit's (TCM) distributers are a, um, diverse lot, including a distributer in Vietnam that appears to be a scooter courier firm. Which is nice, and thank you for sponsoring this week's Bulletin Board Moron search.
I'd like to start a competition to find the AIM shareholder list with the lowest average IQ. I am beginning to think that it may well be that of Bushveld Minerals (BMN). Sure its shares are up by 400% since the pump and dump of last fall (exposed HERE) and they may rise again on the latest pump and dump of yesterday (HERE) but folks need to be aware that a placing is a slam dunk cert. Oh no, say some very stupid people.
The failure of the LSE to insist that hapless Nomad FinnCap forces Telit (TCM) to bring in a firm like KPMG to conduct a full forensic review will hurt it even more when this company goes tits up as I noted in a letter to Stock Exchange boss Donald Brydon earlier today HERE. Two sources tell me that the FBI may have bad news for the Boston fraudster Oozi Cats and his Mrs as I explain in this podcast. But the meat of the podcast is explaining why Telit will go tits up and why that could be within six weeks. Enjoy.
You may remember that at the last AGM of the London Stock Exchange (LSE) its chairman,, Donald Brydon CBE, 'fessed up to being a ShareProphets reader and as we chatted afterwards he came over as a thoroughly decent man. But he has, yet again, been failed by his minions in their handling of the biggest AIM fraud of the year, so far, Telit (TCM). Lowly gofers such as the head of AIM Regulation, the fake Sheriff Mr Marcus Stuttad, have allowed Telit to avoid any independent scrutiny of its accounts & business practices despite clear evidence of fraud. That has to change and maybe Brydon will push for that. I have sent him a letter.
If you read the bent, freebie is our middle name, personal financie columnists in the deadwood press, fund manager Neil Woodford walks on water. I disagree and have noted before, that, maybe, after three dismal years, others are starting to see the light. But, with assistance from a leading broker, how about we have a real look at the Woodford Patient Capital Trust (WPCT) but also at the sort of dogs Neil ifalls in love with.
VSA is house broker to Obtala (OBT) so is not impartial. Neither am I as we own a small number of shares following a Dragon's Den pitch as the 2017 UK Investor Show. But the price target suggests real upside and VSA's research team is well regarded and since we happily published an uber-negative piece from Evil Banksta the other day, this offers some balance. VSA has tweaked its forecasts
I am deeply troubled by events at AIM uber dog Andalas Energy (ADL) on Monday afternoon. This is a company that has form when it comes to breaking AIM Casino Rules but on this occasion it is the advisers at Cantor Fitzgerald, whose actions have alreday cost some folks 50% of their money, who should be hung, drawn and quartered. Sadly we have gone soft on crime but at least they should be clobbered by the FCA for market abuse and AIM Regulation for breaching AIM rules. I have sent a letter.
You may remember that ShareProphets poster Drunken Sailor and I were co-defendants in a libel case a couple of years ago ( which we won). Mr sailor is not a drunk and he is a great sleuth when he wants to be. My pressing concerns about uber ramped Bushveld Minerals (BMN) are its balance sheet, but DS has unearthed another major issue which, for some reason, Bushveld has not covered in an RNS. Perhaps it might do so now? Drunken's post merits a wider audience:
Like Richard Poulden, CEO of PCG Entertainment (PCGE), I have a bit of time for Brian Kinane at Riverfort. As someone who believes in transparency and clear communication, my view is that Brian is trying to bring some of that to the world of small cap funding, particularly where the dreaded phrase “ death spiral” is concerned and there’s a few points here to be applauded. It still doesn’t prevent the obvious question being aimed at Mr Poulden though – WHY RAISE MORE FUNDS NOW?
When serving up god-awful FY numbers on deadline day ( June 30th) it was shown that uber dog Servision (SEV) had serially misled investors and indeed told outright lies over the prior half year. Rover also served up its second profits warning in two weeks with the god-awful numbers and 'fessed up "Our working capital position is tighter than we anticipated" - I should cocoa. Today it got worse.
Last week from Real Good Food (RGD) it was a “Board Changes” announcement, following the week before that a real disgrace in a tardy profit warning and real bad disclosure. There’s now an “Overdraft Facility” announcement…
Some folks think that handing out share options to senior staff is a cost free exercise and b) benefits all shareholders as it incentivizes the board and also aligns their interests with those of stockholders. Bollocks on all counts.
Hello Share Scraggers. Infrastructure is a buzz word at the mo. Companies which supply it (if that’s the right word) are seeing their share prices rise. You’ll recall that Big Donald climbed into power by saying he would spend a lot more on roads and other public projects in the USA. Not to mention that laughable Mexican wall. And Blighty’s government has also said it will be spending more on infrastructure.
Having reached more than 75p in May, shares in information management technology and services company Idox (IDOX) declined below 60p early last month before recovering above 65p - then declining towards 60p again. The company is now “pleased to announce that it has acquired… Halarose, a supplier of electoral back office software and services to UK local authorities, for £5.0 million, comprising £3.5 million in cash and £1.5 million in shares” (at 61.5p)…
Following the postponement of a significant contract announced at the end of last month, SRT Marine Systems (SRT) has now announced an “AIS Aids to Navigation Contract”, including that “the order is for the world's biggest single deployment of AIS AtoN”. The world's biggest hey, sounds impressive!…
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