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Today's Primary Bid offer is Sareum - No thanks it's a dog
ShareProphets earns a small commission any time a reader who registered with Primary Bid via ourselves subscribes for one of its offers. For that reason we urge you all to sign up HERE. But today's offer, Sareum, (SAR) is a total dog, as I have noted often enough on this website, so since we have integrity, we advise you to make us no money and avoid this hound like the plague.
- By Tom Winnifrith, The Sheriff of AIM |
- 25 June 2019, 19:39 |
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Trafalgar Property – 3.11pm update….uh-oh – PLACING AHOY!! Sell
have been a bear of AIM-listed Trafalgar Property (TRAF) ever since I first wrote about it way back in 2015, when I noted that in the middle of a housing boom the fact that the company had again lost money. In April of this year I noted that it had only delivered one set of profitable accounts out of five since it listed on AIM, after the company had claimed to be well placed to deliver and claimed it was exciting times. With that background, we had an update at 3.11pm today. Of course,as Steve Moore has often noted, intra-day updates are rarely good news…..
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 25 June 2019, 17:42 |
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7digital – some mega-dilution approved at GM… but some currently not. Uh oh!
Previously writing on 7digital Group (7DIG), in May I reviewed shares soar on Denmark assets sale… but that transaction sufficient? – concluding I thus suggest it still remains cash crunch ahoy in the relatively near-term – and at a market cap of still only £2.5 million, at best material dilution ahoy. I continue to avoid. Today a “Result of General Meeting and Update”…
- By Steve Moore |
- 25 June 2019, 15:30 |
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Tom Winnifrith Bearcast - does Arden need to issue a warning?
In today's bearcast I touch on Neil Woodford and the duffing up he is getting today from Andrew Bailey head of the chocolate teapots at the FCA. Then I comment on Optibiotix (OPTI), RedT Energy (RED), Remote Monitoring Solutions (RMS)_ - formerly the criminal dog Strat Aero - RM2 (RM2) and Arden Partners (ARDN)
- By Tom Winnifrith |
- 25 June 2019, 13:15 |
Universe Group – “in line with expectations”… or not?
Point of sale, payment and loyalty systems group Universe (UNG) has updated including; “Trading in the first half of 2019 has been in line with expectations… as in previous years the trading performance for the full year will be weighted towards the second half. I look forward to providing further updates in due course”. So set to be in line with expectations for the full-year… or not?...
- By Steve Moore |
- 25 June 2019, 12:28 |
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Tom Winnifrith Bonus Bearcast: WPCT, Proton, EIF, valuations, Neil Woodford's greed and FCA box ticking fail (again)
In this bonus bearcast I look at the failure of the FCA & Link with regard to box ticking and the correct valuation of Proton Partners in light of the latest £25 million fund-raise. This just cannot be right.
- By Tom Winnifrith |
- 25 June 2019, 11:56 |
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Optibiotix – North America deal; this is big, very big...
Optibiotix (OPTI) has announced what could be its biggest supply and manufacturing deal to date and it could be generating revenues within a couple of months. This is big, very big and at 80p offer the shares are a strong buy...
- By Tom Winnifrith |
- 25 June 2019, 11:42 |
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Neil Woodford Income focus – another day, another round of redemptions. What about liquidity?
And so Neil Woodford lives to fight another day with his Income Focus fund (WIFF) – well, at least one! This morning’s figures from Morningstar will offer him no comfort at all, however, as the NAV per unit shrank again and the outflows from redemptions continued. A double whammy.
- By Nigel Somerville |
- 25 June 2019, 11:34 |
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Top Fund manager Paul Jourdan of Amati slates disgraced Neil Woodford
Amid calls from ignorant politicians and former members of the Woodford fan club, for reform of the Unit Trust industry in the wake of the Neil Woodford scandal, Paul Jourdan of Amati has explained in detail the bleeding obvious: Woodford's own actions caused his downfall. As I noted some weeks ago there is no need to reform the industry just send Neil Woodford to jail. Jourdan is not quite as explicit as I am but is scathing. He writes:
- By Tom Winnifrith |
- 25 June 2019, 09:34 |
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A Welcome Slice Of Luck and Thoughts On Purplebricks
It is not easy being predominantly short in a market that is yet again flirting with all time highs and so a bit of luck is always welcome...
- By Lucian Miers |
- 25 June 2019, 09:34 |
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Anglo Asian Mining has had a great run but I'd be tempted to bank some profit for now
It is always said that you let your winners run, but it has got to the stage with Anglo Asian Mining (AAZ) where I would be very tempted to take some money off the table and cash in if you followed my buy tip back in March...
- By Gary Newman |
- 25 June 2019, 09:27 |
If Water Profits Dribble Away this Sassy Supplier has the Blue Planet Effect to Rely On
Hello, Share Finders. The most heated rows in our house aren’t about politics, but how we recycle our stuff. I put anything plastic or metal in our orange recycling bag. My wife takes it out and puts it in the landfill bag. She argues, rather loudly, that the council is picky about what they take and will refuse whole bags with the wrong sort of tin or plastic. I ought to ring up Pennon (PNN) for advice...
- By Malcolm Stacey |
- 25 June 2019, 09:14 |
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Metals Exploration: the End is Nigh
I apologise. I was wrong. It’s crunch time for Metals Exploration (MTL), the Philippines goldmine, whose deadline for renegotiation of its bank loans is at the end of this week. The moratorium on the loans has been extended twice and the word in the debt market is that the banks, HSBC and BNP Paribas, have run out of patience.
- By Tim Blackstone |
- 24 June 2019, 17:16 |
Velocity Composites – interims & dispute re. board re-constitution...
“Velocity Composites plc (VEL), the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, today announces its unaudited interim results for the six months ending 30 April 2019”. Not ‘pleased to announce’ then?...
- By Steve Moore |
- 24 June 2019, 17:00 |
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WPCT Is inside overdraft limit but only just - PR confirms
I asked the question in bearcast - had Woodford Patient Capital Trust (WPCT) burst its overdraft limit? Nigel Somerville thought it had. The PR has got back and it has not. But it is darn close and the answer is actually even more worrying. Let me explain.
- By Tom Winnifrith |
- 24 June 2019, 16:22 |
RA International – “year-to-date has been encouraging”… but “financial performance to be weighted in the second half”?
“RA International Group PLC (AIM: RAI), a leading provider of services to remote locations in Africa and the Middle East, is pleased to announce it has been awarded a Government contract with a value up to USD 9 million” and “the year-to-date has been encouraging”. Sounds good…
- By Steve Moore |
- 24 June 2019, 15:31 |
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Tom Winnifrith Bearcast - questions for the PR spinners for Neil Woodford
In this bearcast I ask a series of questions for PR spinners for Woodford Patient Capital Trust (WPCT). References to 210p should be 227p. Let's see what answers I get. I also look at Optibiotix (OPTI), RM2 (RM2), Mysale (MYSL), Agronomics (ANIC) and have a big question for Neill Ricketts and Versarien (VRS)
- By Tom Winnifrith |
- 24 June 2019, 13:39 |
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MySale – “Strategic Review and Formal Sale Process... with a view to maximising value for its stakeholders”. Uh oh…
Previously writing on MySale Group (MYSL), last month I reviewed previously agreed disposal completes… why the further share price decline? – concluding I thus suggest “trading continues to be very challenging” worrying for the going concern of the group – and I thus bet it “remains focused on reducing its cost base”! Still here, a sell / bargepole. That was at 11p. The shares commenced today at 6.7p – and now “Strategic Review and Formal Sale Process”. With strategic review normally meaning ‘we’re in trouble and currently don’t know what to do about it’, uh oh…
- By Steve Moore |
- 24 June 2019, 12:50 |
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Neil Woodford dog RM2 shares collapsing – statement needed ASAP
A week ago shares in “disruptive pallets” Neil Woodford dog RM2 (RM2) were 38p. Today they are off by almost 20% at 28.5p and surely a statement is needed. It cannot be good news. And this is why.
- By Tom Winnifrith, The Sheriff of AIM |
- 24 June 2019, 10:57 |
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I'm poorer for not spotting Porvair...but should I care?
Thin pickings in today's regulatory news statements but comments from the 'specialist filtration and environmental technology group' Porvair (PRV) strike me as newsworthy…
- By Chris Bailey |
- 24 June 2019, 10:30 |