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Latest News

ANG
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Angling Direct could have long term potential if it continues growing rapidly

The angling market is a sector that I know very well as I also work in marketing for the UK’s largest tackle manufacturer, and in the past I haven’t been convinced that the shares in Angling Direct (ANG) have offered any value for investors...

Collapsing-Reactor
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Redemption Watch: Neil Woodford’s Income Focus Fund still slipping

This morning’s data from Morningstar shows that Neil Woodford’s Income Focus Fund (WIFF) appears to be stabilising – well, sort of: NAV per unit is marginally up but not by quite enough to cover redemptions...

Bully

Reader Poll: Which Scumbag sent Tom Winnifrith a lawyer's letter as he carried his Uncle's coffin

It was well publicised that I would be carrying the coffin containing my dear Uncle Chris into a church on Thursday afternoon. The lawyer for one scumbag makes it clear in his letter that he is an avid ShareProphets reader. So which POS opted to send me a lawyer's letter yesterday afternoon? Natch I shall publish it in full and, on the back of such an act, the gloves really are off. But who do you think would be so morally bankrupt to act in this way:

MCB

McBride – anticipates “broadly in line with current market expectations”… so why a further more than 10% share price slide?

Previously writing on cleaning and hygiene products contract and private label manufacturer McBride (MCB), in February I concluded with the shares at circa 90p that with the net debt and the trading trends, still a bargepole / sell. Now a further trading update – and the shares currently down a further more than 10%, below 70p…

SBRY

Rivals Make It Hard for Sainsbury to Boost Low Profit Margins so the Share Price Could Wobble

Hello, Share Scramblers. Of all the British supermarkets, I suppose I have the least expectations of Sainsbury (SBRY). And I’m rather glad I dumped my shares a couple of years ago. A look around my local branch, while not being that reliable, doesn't inspire me too much. There seem fewer customers these days...

HUR
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Hurricane Energy – Lancaster Early Production System Delivering, Buy

With a market cap of over £1 billion, Hurricane Energy (HUR), is one of the most valuable oil companies listed on AIM, but is it worth it? Today the company updated the market with details of the Lancaster Early Production System production rates and details. Looks very positive to me...

Bearcast
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Tom Winnifrith Bearcast: The First reading is from Corinthians, the second is Matthew

The first reading is the one i shall do this afternoon just to give you an idea of the Tyndale bible. The second should be v ery welcome news for shareholders in Kier (KIE), Big Dish (DISH), St James House (SJH) and Sosandar (SOS) all of which I discuss in detail. That reading is Matthew  19 verses 23 and 24 (KJV):  Then said Jesus unto his disciples, Verily I say unto you, That a rich man shall hardly enter into the kingdom of heaven. And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God

HAYD
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Haydale – when a trading update doesn’t update anything: Still a SELL

I’ve been a bear of AIM-listed Haydale (HAYD) all the way down from 120p, and saying sell at 78p, to today’s miserable 1.775p but this morning’s trading statement gives me no reason to change my stance. I may have closed out in my five slam-dunk sells for this year but even then I warned that  I would still be inclined to sell and I certainly wouldn’t buy here. Well, we’ve had a trading statement this morning – more remarkable for what it does not say rather than what it does, and that is never a good sign.

SAVP
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Savanah Petroleum – What exactly is the Seven Energy deal now?

Savanah Petroleum (SAVP) first detailed the highly complex Seven Energy deal in a 503 page prospectus back in December 2017. I saw this deal as negative for all the reasons related to timescale and risk I set out recently, but good if it completed. The deal changed in December 2018 and now I am not so sure it is good!

RB
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Reckitt Benckiser announces a US$1bn plus new hit...and it is good news

A month or so ago, I noted that Reckitt Benckiser (RB.) was a 'lower £60s buy in anticipation of a share price beginning with a '7' plus some solid dividend wrap-around...and a call option on that full split potential'. The rationale for this was not just the company's range of top products (VanishNurofenDettolDurex, etc.) nor even just potential upcoming split or a recently announced management evolution which I think is overdue. It was also centred on the likely resolution of the company's legacy problems with its ex pharmaceutical unit Indivior (INDV)...

SJH
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St James House (formerly Boxhill Technologies plc) – still a dog as results show, accounts breach IFRS and mislead big time

Lib Dem grandee Lord Timmy Razzall may have changed the name of Boxhill to St James House (SJH) but this company which has been mired in so much corruption and fraud remains an uninvestable uber dog even by the standards of  the AIM casino. Results earlier this week were covered in bearcast yesterday but perhaps merit further scrutiny. They are shocking, breach IFRS on numerous counts and quite simply aim to decieve. Nomad Allenby should be walking.

SOS
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Sosandar - £7m placing but the announcement makes no sense to me

AIM-listed Sosandar (SOS) has announced a £7 million placing at 15p – a small premium to yesterday’s close. The small premium is good news – or would be but the shares were over 20p just a couple of weeks back….and then came the results and trading update.

PTAL

PetroTal Corp - Good progress, but new risk

I reviewed PetroTal Corp (PTAL) only a few weeks ago, concluding I could see a positive investment case, but noted keeping a close eye on progress would needed. The update today confirms production levels, but I was not expecting social unrest to have an adverse impact.

YGEN
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Yourgene – results and explanation as Tom Winnifrith plans to sell but Steve does not

Tom writes: The bottom line is that I shall be selling the FIML shares but am giving you at least 24 hours notice. This is NOT a financial call but an ethical call, as I explain, and Steve Moore, who will cover Yourgene going forward, explains why he is not selling his shares on the results and where he sees them going...

Collapsing-Reactor

Redemption Watch: Woodford’s Income Focus heads north (just)

After a few torrid days, Neil Woodford’s Income Focus Fund managed to put on 0.33% in NAV per unit yesterday, according to this morning’s data from Morningstar. With the fund having dropped to £286.3 million on Tuesday, that should have seen it up to £287.2 million before redemptions.

MWG

Modern Water – another intra-day update, Nigel’s Easter red flags fluttering even more strongly?

“Further to the board's announcement of 7 June 2019, Modern Water (MWG), the owner of world-leading technologies for water and wastewater treatment and for water quality monitoring, announces a further update in relation to its funding discussions and working capital position”. Hmmm – “world-leading technologies” hey, but that previous update including “cash flows have been slower than anticipated from the Membranes Division and, consequently, additional working capital will be required in the short-term” and now another intra-day (this one 3:31pm) update?!...

CTEA

Catenae Innovation – interims, now “seeing growth in terms of potential pipeline and converted sales”

Provider of digital media and technology, Catenae Innovation (CTEA) has announced results for its half year ended 31st March 2019 and that “the company is now in a position where it is taking advantage of the existing product suite and is seeing growth in terms of potential pipeline and converted sales. The company continues to look at opportunities that enable it to expand its reach into new sectors and to significantly increase its growth”

WG

Wood Group Grows Seeing the Risk Lessen and the Chance of a Bigger Share Price Growing too

Hello, Share Toasters. It must be ten years ago now that I dumped my shares in Wood Group (WG.), the supplier of stuff and services to the black gold industry among other related functions, including greener forms of energy. I didn't regret that move as the share price hit a chequered path afterwards, suffering like all oil-related companies from the infamous oil price crash...

JWNG
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Jaywing – from “solid progress” in early May to a further “Trading Statement” – and intra-day…

Previously updating in early May, “data science led agency and consulting business” Jaywing (JWNG) noted “a year of solid progress… We have seen encouraging growth in Epiphany, our online performance marketing division, and also in our fast-growing operations in Australia… Jaywing will announce its preliminary results for the year ended 31st March 2019 in July” but also “ongoing challenging market conditions within the UK and continued uncertainty surrounding its anticipated withdrawal from the European Union”. Now a further “Trading Statement” – and at an intra-day 11:37am. Uh oh…

Bearcast
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Tom Winnifrith Bearcast - my apologies for teasing Malcolm Stacey on ethical investment, I am a partial convert

I start with a few notes on  tomorrow, logistics and the funeral of Uncle Chris Booker. Then it is onto Yourgene (YGEN), Thomas Cook (TCG), Advanced Oncotherapy (AVO), Amur Minerals (AMC), and the dog St James House (SJH) formerly known as the Boxhill hound.

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CTAI

Catenai – monster dilution

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