ShareProphets

Saturday 19 August 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


25 August 2013, 09:54 | By Tom Winnifrith |

Sefton – Dan Levi’s smoking bazooka – Sefton says added to the enquiry – where will Ellerton serve time?

The Pinsents Masons enquiry into Jim Ellerton just got a bit longer thanks to Dan Levi’s smoking bazooka revelation of yesterday which means that without ambiguity one can say that Jim Ellerton is a liar and a criminal. The only question is what sort of criminal? I discuss below where Jim will be prosecuted and for what and what this means for Sefton and me.

24 August 2013, 15:27 | By Shareprophets |

Financial Postcard #13 – bad Companies bully with lawyers (Cupid & Sefton) + the piss poor AIM Regulation Team issue

In this week’s video postcard Tom discusses why only bad companies such as Sefton and Cupid use lawyers to bully their critics. He also covers the joke outfit that is the AIM Regulation team.

24 August 2013, 12:56 | By Tom Winnifrith |

Brokerman Dan meeting lawyers Tuesday – will the counterclaims bankrupt Sefton?

With its own lawyer, Russell Booker of Pinsent Masons, admitting that the Sefton libel case against myself and Dan Levi is in tatters with its sole witness (liar and crook) Jim Ellerton having been booted off the board in disgrace and now (in Booker’s words) “discredited,” the way is open for Dan Levi and myself to launch claims against Sefton. Will this sink the ship?

24 August 2013, 12:20 | By Staff Writer |

Gold – All Eyes on South Africa, says Sprott

David Franklin is chief strategist at Sprott Asset Management, the world’s best known resource stock investment company. In his latest missive he flags up something some investors seem to have missed – what is happening in Zimbabwe South, aka South Africa, which could sent gold prices shooting ahead. He writes:

23 August 2013, 18:25 | By Steve Moore |

Densitron Technologies - interim results analysis

Shares in electronic display and related technologies focused company Densitron (DSN) currently trade just over 4% lower today, at 5.75p (capitalising the company at £4 million), on the back of its results announcement for the first half of 2013. The following reviews…

23 August 2013, 18:00 | By Staff Writer |

Enables IT – Director Buying worth following?

The resurrection of Enables IT ( EIT) from the shambles that was Nexus seems to be accelerating and news today that non exec director Marcus Yeoman had bought 37,500 shares at 41.5p begs the question should you follow suit?

23 August 2013, 17:41 | By Staff Writer |

Exclusive: Evil Knievil wades into Victoria Oil & Gas ( as a bull)

Infamous short seller Evil Knievil has, we can reveal, today purchased several million shares in Victoria Oil & Gas (VOG) at 1.33p.

23 August 2013, 14:25 | By Steven Moore |

Bglobal plc - update on boardroom fallout

Earlier this month I wrote on the boardroom fallout at AIM-listed Bglobal plc (BGBL) ahead of a General Meeting which had been requisitioned for 15th August seeking to remove Peter Kennedy from office and appoint, fellow shareholder Hawkwood Capital’s, John Grant as Chairman “to carry out the specific task of carrying out a strategic review of the company, which may or may not result in some or all of its business being sold”. The following updates on subsequent developments…

23 August 2013, 13:42 | By Doc Holiday |

Buy TomCo Energy at 1.3p

TomCo Energy (TOM) has seen its shares all over the shop of late, forcing the company to issue a statement saying there was nothing afoot. Could it just be that the shares are cheap? I think so.

23 August 2013, 11:52 | By Steve Moore |

Buy IQE

Shares in leading global supplier of advanced semiconductor wafers IQE plc (IQE) were marked 4% higher yesterday to 29.75p-30.25p, on the back of an announcement that Solar Junction Corp has, on IQE high-volume, production-qualified wafers, set a new world record of 44.1% cell efficiency (certified by the National Renewable Energy Laboratory) for production scale concentrated photovoltaic wafer technology. This is just the start.

23 August 2013, 11:32 | By Ross Norman of Sharps Pixley |

China Growth Rebound and the Eastern Appetite for Gold

The U.S. Comex gold futures were flat on Thursday after dropping 0.18 percent on Wednesday when the July FOMC minutes were released. Gold prices were roughly unchanged week-to-Thursday although the gold futures traded up to $1,378 during Asia Friday morning. The Dollar Index rebounded 0.72 percent in the past two days to finish at 81.488 on Thursday.

23 August 2013, 10:40 | By Tom Winnifrith |

Sefton Resources misleads investors again, announced pathetic fund raise & is told libel case is in tatters by its own lawyers

Another day and another RNS from Sefton Resources (SER) but with two names missing. The liar and crook Ellerton is off the board temporarily until he is fired permanently next week while PR guru Alex Walters of Cadogan has also been hung out to dry. As to the content it is pitiful and misleading. The fingerprints of IR buffoon Doc Green are all over this.

22 August 2013, 17:40 | By Brokerman Daniel |

Brokerman Dan writes a personal email to the liar and Crook Jim Ellerton of Sefton Resources

Liar and crook Jim Ellertion has stepped aside pro tem from the board of Sefton Resources (SER). That is not enough he should resign at once without compensation and never darken Sefton’s doors again. Dan Levi (aka Brokerman Dan) has written by email to Mr Ellerton to explain why the liar and crook should quit now. Dan writes:

22 August 2013, 17:26 | By Steve Moore |

Electric Word - poor interims shares a buy

AIM-listed education, health and sport & gaming media business, Electric Word (ELE) has announced results for the six months ended 31st May 2013 showing an adjusted pre-tax loss of £0.354 million, compared to a corresponding prior year period £0.422 million profit, on revenue 13.9% (£1.08 million) lower at £6.65 million. However, as the following explains, these numbers do not convey the whole picture.

22 August 2013, 16:22 | By Doc Holiday |

Black Mountain Resource : Buy at 7.6p with a 12p target

Black Mountain Resource (BMZ) is an AIM listed silver mining company with three projects in the United States, Its Conjecture mine is in Idaho, the New Departure and Taboor projects in Montana. All are well positioned and historic data indicates they sit on potentially huge resources. That is not discounted in the share price today.

22 August 2013, 13:53 | By Steve Moore |

Dillistone Group - half-year trading update, still decent value?

AIM-listed recruitment software group Dillistone (DSG) has updated that it “has enjoyed strong trading in the first half and currently expects to achieve a satisfactory performance for the year”. The shares currently trade approaching 4% higher, at 80p, in response and the following reviews…

22 August 2013, 11:58 | By Tom Winnifrith |

Jim Ellerton liar and crook forced off Sefton board – company WAS bust on July 31st

The 666 shirt of investigative financial journalism is out of retirement for a few more days as liar and crook Jim Ellerton clings on to his corporate career for a bit longer. This morning he has stepped down from the board of Sefton (but will carry on as a consultant on full pay) because of “allegations made in two Internet publications against Jim Ellerton, the Company's Executive Chairman, and certain documentation received

21 August 2013, 20:03 | By Staff Writer |

Sefton Round Up: Evil still short, NEDs tell Ellerton to go, Ellerton ducking board showdown

It is being reported by some publications that bear raider Evil Knievil  has gone long of Sefton. That is an untruth. Knievil told shareprophets “I have never bought a Sefton share in my life and remain short – target price 0p”

21 August 2013, 18:20 | By Steve Moore |

Cineworld Group - Competition Commission provisional findings, broker reaction

The Competition Commission yesterday announced that Cineworld Group (CINE) could have to sell three cinemas after provisionally concluding that its acquisition of the Picturehouse chain may lead to a substantial lessening of competition in Aberdeen, Bury St Edmunds and Cambridge. The following updates, together with broker reaction to the news…

21 August 2013, 17:39 | By Robert Sutherland Smith |

SSE: attractive at 1554p

I have returned to SSE (formerly Scottish and Southern Electricity) the third largest independent public company supplying electricity to the UK after weakness in the share price has come down from its May high of 1690p to 1554p last seen; a decline of 9% It is back to below its trend line.

9 minutes ago | By Tom Winnifrith |

Tom Winnifrith: Sign up now for new free share tip service FiveFreeShareTips.com

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.

5 days ago | By Tom Winnifrith |

New Bulletin Board Moron of the Week contest - sponsored by the fund managers who knew so much better than the dirty plebs on Telit

Just three months ago some of Britain's top fund managers ploughed more than 50 million dollars into a placing organised by AIM dog Telit Communications despite numerous warnings from ourselves and others. But they knew better and anyhow it was other people's money. The shares have collapsed today to less than half the placing price after the most awful set of interims. But the fund managers will still earn Inter City salaries + ( more than 125) and fat bonuses so who cares? Are there any folks in the share world dumber than those fund managers? Er.... 

7 days ago | By Steve Moore |

Vitesse Media – full-year results & more, a lot can happen in 36 minutes here it would seem!

A 10:35am results announcement from Vitesse Media (VIS). Not a portend for a positive announcement I’d suggest - and then 36 minutes later a “Directorate Chg, Hldgs in Co, Proposed Fundraising” announcement. Hmmm…

7 days ago | By Steve Moore |

Table of shorted AIM shares - week to 11/08/2017

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week (see HERE) - you may note a sharp increase in the Telit (TCM) short position even though the shares have collapsed. The bear community smells a zero here, this is Globo all over again - note Tom Winnifrith's smoking gun of earlier & ignore it at your peril 

7 days ago | By Tom Winnifrith, The Sheriff of AIM |

Note 5.2 in the Telit statement? Is this the smoking gun? When did it know it would breach covenants

There comes a moment in every Agatha Christie novel when Poirot scolds himself for being so blind to the obvious. I just wonder if for myself and Telit (TCM) that moment was late last night. That the CEO was a fraudster fugitive from justice when he floated Telit is one matter, the crminal investigations in Italy are another but the heart of the issue is the dire financials & possible behaviour of the Norfolk variety. In case you missed it, I refer you to note 5.2 of the most recent interims published August 7.

7 days ago | By Tom Winnifrith |

Today's Primary Bid Offering is from a company whose chairman reported Tom Winnifrith & Nigel to the Old Bill

On Friday at 4.30 Tern (TERN) announced that it was raising £300,000 on a first come first served basis via PrimaryBid. It would perhaps be fair to say that our extensive coverage of this company has not been universally bullish.

7 days ago | By HotStockRockets |

Orogen - another £250k loaned - expect RTO before mid Sept

Orogen (ORO) has announced that it has lent another £250,000 to online e-tailer Thread 35 Ltd, trading as Sosandar. Time to panic? No. As loyal shareholders at FIML we certainly are not doing so.

7 days ago | By Lucian Miers |

Telit Communications A Compelling Sell. Looks like Going Globo. Some Free Advice to the NOMAD.

I promised last week to go in to the numerous inconsistencies in the numbers presented by Purplebricks (PURP) but that is going to have to wait as this week’s story has got to be Telit (TCM).

6 days ago | By Gary Newman |

Kaz Minerals offers a buying opportunity on this dip

Kaz Minerals (KAZ) is a great example of the extent that commodity prices can effect larger miners, and the recovery in copper prices has seen the share price trading at multiples of where it was just 18 months ago.

7 days ago | By Nigel Somerville, the Deputy Sheriff of AIM |

Tern announces two fundraisings – how do they compare?

After-hours yesterday AIM-listed Tern plc (TERN) announced two fundraisings – one via Primary Bid for its own coffers and the other a proposed offering via US broker US Capital Partners for its investee company Device Authority. Let’s compare the two.

7 days ago | By Tom Winnifrith, The Sheriff of AIM |

Telit Communications: what the bears saw, it's about the balance sheet stupid

After my earlier story about the covenant breach which is, I am increasingly sure, a smoking gun, I explore some trends shown by the financial statements of Telit Communications (TCM) that may have been some the red flags that resulted in hedge funds making Telit the most heavily shorted AIM company - this is all about the balance sheet. It also highlights why some type of fund raise, equity or debt, was almost inevitable in May - without it the lights would have been switched off by now.

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

KERBOOM - THE FULL SHOCKING DOSSIER, New fraud revealed - This is why Telit is Globo Mk2 and why it is going to 0p

Over the past week I have shown that Telit Communications (TCM) is run by a man who fled fraud charges in the US but changed his name to avoid investors knowing, I have flagged up banking covenant breaches, red flag strewn interims and an Italian criminal investigation. But that was just an appetizer. Today I give you a full dossier with shocking NEW material, which shows this is Globo Mark 2. it is a fraud and its shares are going to zero.

6 days ago | By Tom Winnifrith |

Jubilee Platinum deal with Riverfort - death spirals so bad right? NO!

Jubilee Platinum (JLP) last week announced a $50 million funding package to grow its metals recovery business. Oh no Riverfort! Said the snipers. Death spirals, yak, yak, yak. They have it wrong. This deal is, if you read the detail, good news.

6 days ago | By Pizza HardMan Darren Atwater |

Notes from Underground: Here's a buy recommendation: invest in moped shares

London has a real table problem. At least the outdoor ones, and I don't see Mayor Sadiq Khan putting any effort into it.

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

Emails sent to AIM Regulation & Nomad Finncap after today's Telit bombshell - this must be suspended 7 AM Monday

This is becoming Globo v2 at a an alarming rate. Today's bombshell dossier on Telit Communications (TCM) nails it as a slam dunk ZERO beyond all doubt. The only way that the shares do not completely crater in the morning is if they are suspended first. And that is exactly what should happen. As such I sent a couple of emails last night. One to tthe head of the Oxymorons Marcus Stuttard and his clueless colleagues, the Keystone Cops at AIM Regulation and the other to the folks at Nomad FinnCap from CEO Sam Smith via head of Corporate Finance Stuart Andrews down to analyst Lorne Daniel with a minor jackal in Corporate Finaance also included in case Andrews is too busy with his polo ponies to read emails on a Sunday. Enjoy!

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

Want to Get your cash back on the Paragon Diamonds AIM Casino fraud & bust - legal case now imminent

Investors who have lost £900,000 on the Paragon Diamonds (PRG) fraud and bust are now lined up to sue the hapless Nomad ( Northland with QEs Gerry Beaney and David Hignell overseeing the shambles) as an update from class action litigation arranger Peter Petyt sent this morning, makes clear. However we need more folks who were conned to join the party URGENTLY and for two reasons:

6 days ago | By Tom Winnifrith, The Sheriff of AIM |

Telit Communications – Mr Fat Katz unusual remuneration arrangements

After today's complete bombshell which shows that Telit (TCM) is a Globo style fraud and thus utterly worthless what follows may be a tad academic. But, none the less, it is yet another Red Flag which we all should have noticed earlier. Reading through the 2016 annual report of Telit it is apparent that Mr Fat Katz, sorry Mr Oozi Cats, had two unusual remuneration arrangements. 

28 minutes ago | By Tom Winnifrith |

Tom Winnifrith: Sign up now for new free share tip service FiveFreeShareTips.com

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.

2 days ago | By HotStockRockets |

Optibiotix - we buy more shares for first time in two years, price is just wrong

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.

28 minutes ago | By Pizza Hardman & Hackney Marxist Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by some scooter courier shop in Vietnam, #1 distributer for Telit

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.

2 days ago | By Tom Winnifrith |

I will make this simple enough that even Bushveld shareholders can understand it

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.

17 hours ago | By Tom Winnifrith, The Sheriff of AIM |

Tom Winnifrith Bearcast: Oozi Cats and the FBI & why Telit could well be tits up within weeks

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.

24 hours ago | By Tom Winnifrith, The Sheriff of AIM |

A letter to the chairman of the London Stock Exchange - why no independent review of the Telit fraud?

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.

23 hours ago | By Tom Winnifrith |

Does Neil Woodford really deserve a halo - is Circassia the biggest dog in his funds?

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.

2 days ago | By Tom Winnifrith |

Obtala - shares to more than double: broker VSA: we publish the note

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

2 days ago | By Tom Winnifrith, The Sheriff of AIM |

Andalas Energy: Open letter to FCA & AIM Regulation - Market Abuse & Breach of AIM Rules

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.

17 hours ago | By Tom Winnifrith |

Reader Comment of the day - Drunken Sailor unearths local issues for Bushveld

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:

21 hours ago | By Cynical Bear |

PCG Entertainment – Lots to like about this funding deal other than…….WHY??

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?

2 days ago | By Tom Winnifrith, The Sheriff of AIM |

AIM Dog Servision: another warning and it is death spiral and dilution frenzy ahead

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.

23 hours ago | By Tom Winnifrith |

Kennedy Ventures - Giving 3.98% of the company to the CEO does have a cost

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.

2 days ago | By Malcolm Stacey |

A Super Sewer, A Swish Station and a Big Bridge. Balfour Beatty is on a Roll

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.

2 days ago | By Steve Moore |

Idox – acquisition aids a rating which is “highly attractive”… Or is it?

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)…

18 hours ago | By Steve Moore |

SRT Marine Systems – order “for the world's biggest single deployment of AIS AtoN”. Wow… Or not…

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!…