Redemption Watch: Neil Woodford’s Income Focus Fund heads further south as Kier nose-dives
Kier Group (KIE) fell a further 10% yesterday. Given that it was the fifth largest holding in Neil Woodford’s Income Focus Fund (WIFF) – despite offering no income – at the end of May, that’s not a good start and according to Morningstar the fund dropped 0.8% in terms of NAV per share.
- By Nigel Somerville |
- 10 July 2019, 09:12 |
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AVZ Minerals: The Proceeds of Corruption? Boatman Capital rides again
Boatman Capital has been the scourge of Babcock (BAB) but now shows it is not a one trick pony. Its next target is AVZ Minerals. It is Oz listed but the report is a fascinating insight into the seedy world of mining. We thus bring it to you in full below.
- By Tom Winnifrith |
- 10 July 2019, 09:11 |
Vela Technologies – further blockchain exposure
Vela Technologies (VELA) has noted an announcement by BlockchainK2 Corp (TSXV - BITK) in which it currently has 272,000 shares; a 1.81% stake…
- By HotStockRockets |
- 10 July 2019, 09:11 |
Can Bovis the Builder Fix It For Shareholders? Well, Yes - It Could
Hello, Share Campers. When supply falls short of demand, or even likely demand, the happy supplier should be able to keep prices high and still make a tasty profit. That should go without saying. But those who criticise my current support for housebuilders rarely take into consideration this basic rule of o-level economics...
- By Malcolm Stacey |
- 10 July 2019, 09:10 |
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Kier – Statement Needed ASAP, shares tumbling and uninvestable amid silence
Yesterday shares in Kier (KIE) fell by 8%. Today they are off by 14% at just 83.5p. There are three possible explanations:
- By Tom Winnifrith |
- 9 July 2019, 15:02 |
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Renold – an indicated “intentional mis-statement of the financial reports” missed for years. Uh oh…
Previously writing on industrial chains and related power transmission products supplier Renold (RNO), I questioned last year another profit warning, house broker right to ‘remain positive’?. Now a “Postponement of Annual General Meeting” announcement. Sounds ominous…
- By Steve Moore |
- 9 July 2019, 13:53 |
OptiBiotix – deal momentum continues: now Japan
OptiBiotix (OPTI) has announced another license agreement to we loyal shareholders. This one is for the use of its ProBiotix’s LPLDL ingredient in cardiovascular food supplements in Japan and is set to mean a first LPLDL finished product placement on the Japanese market…
- By Tom Winnifrith & Steve Moore |
- 9 July 2019, 13:45 |
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Trafalgar Property: Oh Dear, £230k down the swannee, when’s the placing (or worse)?
As discussed HERE AIM-listed Trafalgar Property (TRAF) today confirmed that it has lost its £230,000 deposit on a site in Camberley after discussions with its banks and other lending institutions failed to deliver the mullah to complete the transaction. What on earth was it doing exchanging contracts for this (and handing over £230,000) when it didn’t have the cash to complete?
- By Nigel Somerville |
- 9 July 2019, 10:51 |
Union Jack Oil at 0.21p worth 0.55p?
Caveat 1: SP Angel which produced this note is house broker to Union Jack Oil (UJO) so is biased. Caveat 2: Zac Phillips no longer works at SP Angel and the new analyst is not fit to lick Zac's boots. Caveat 3: Chris Oil owns stacks of these shares and will sell into any spike while urging others to buy like the dirty little spiv he is. Having said all iof that I can't fault the logic of this detailed note.
- By Tom Winnifrith |
- 9 July 2019, 10:41 |
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Tom Winnifrith Bearcast: If you are in America go buy a hammer at Home Depot for me today
#BoycottHomeDepot is trending on twitter in the US. If you are in the land of the free I urge you to do the reverse. In fact go buy an extra hammer for me today. Then I look at Thomas Cook (TCG), Sound Energy (SOU), Eve Sleep (EVE), the woes of my old friend Jim Mellon's SalvaRx (SALV), Union Jack Oil (UJO) and, in detail, at FinnCap (FCAP) whose results are out today. Mea culpa on Eve, it is actually worse...
- By Tom Winnifrith |
- 9 July 2019, 10:39 |
Redemption Watch: Neil Woodford’s Income Focus Fund down as Kier falls again
This morning’s figures from Morningstar show that Neil Woodford’s Income Focus Fund has headed south again, and notched up another new low point yesterday. NAV per unit dropped 0.59% which should have dropped the fund from Friday’s figure of £291.6 million to £289.9 million, but redemptions nibbled away at that.
- By Nigel Somerville |
- 9 July 2019, 09:32 |
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Expose: TrakM8 needs to restate results announced yesterday thanks to PWC Screw-up
The critical point about yesterday’s full year numbers from TrakM8 (TRAK) is that they show a company with zero earnings visibility, burning cash and with a drowning in debt balance sheet which is thinner than an Ethiopian super model when it comes to tangible net asset backing. I do not wish to sound like an accosting pedant and geek but there is another issue: auditors PWC Southampton have screwed up and the numbers need to be corrected and re-issued. Let me explain:
- By Tom Winnifrith, The Sheriff of AIM |
- 9 July 2019, 09:30 |
SDX Energy– Morocco is about Exploration drills - thanks for the confirmation!
I reviewed SDX Energy (SDX) Morocco and Egypt operations last Friday. I was not expecting the company to respond so quickly with updated information, but I’m sure it’s just a coincidence.
- By Peter Brailey |
- 9 July 2019, 09:29 |
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Are the wheels about to come off Neil Woodford’s Proton Partners valuation?
A stack of TR-1 RNSs yesterday afternoon detailed the transfer of stocks by Neil Woodford, who was sacked by the Omnis Income and Growth fund, to its new manager, Jupiter. Among them was one from Proton Partners (NEX:PPI), which Neil offered a funding commitment to in order to see its joke NEX-listing complete and now can claim an instant profit every time the company calls on him for more money. But there could be a fly in the ointment….
- By Nigel Somerville |
- 9 July 2019, 09:29 |
MediaZest – “an update on current trading”… Er, what about revenue, profit, cash flow etc. then?
Previously writing on MediaZest (MDZ), I noted there looks little to argue with that with its latest rubbish, financial position and track record, still a prime bargepole stock. Now though “the AIM quoted creative audio-visual company, is pleased to provide shareholders with an update on current trading”…
- By Steve Moore |
- 9 July 2019, 09:20 |
As the Oil Price Spouts, Take a Peek at this Expert Operator in Australia and Vietnam
Hello Share Twiddlers. While I still have my biggest investment in giant oilers, I've got a sneaking suspicion that I ought to put more cash into a few tiddlers. This is not an easy thing for me to say, as my past small oil plays have nearly always ended in tears including a few dallies with the Falkland Islands...
- By Malcolm Stacey |
- 9 July 2019, 09:15 |
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Disgraced Anglo African boss loathsome David Sefton P45 watch day 8 – now about that £300,000 of shareholders cash?
Earlier today, Anglo African Oil & Gas (AAOG) and its spineless and morally bankrupt Nomad FinnCap (FCAP) were finally forced to respond to our series of exposes. But their limp dick statement will have fooled nobody and the pressure on Anglo to fire Sefton is mounting. Just to pour a can of gasoline on the flames let’s turn to the £300,000 of shareholders cash question.
- By Tom Winnifrith |
- 8 July 2019, 16:11 |
Frontier Smart Technologies – Science Group “welcomes” its latest announcement… but not for the reason it hoped!
Writing late last week on Frontier Smart Technologies (FST), I concluded including I suggest good luck with seeking to open those collaborative discussions with Science Group and its advisers. Today an update from Science Group (SAG)…
- By Steve Moore |
- 8 July 2019, 15:59 |
UK looks to be halfway into recession
‘We’re so focused on monetary policy and this mythical China deal that we just don’t seem to be paying attention to earnings, which are really what should be driving stock prices.’
- By David Scott |
- 8 July 2019, 13:31 |
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Tom Winnifrith Bearcast - TrakM8 misleads surely a bailout placing needed
In today's bearcast I look at more toxic behaviour at Anglo African Oil & Gas (AAOG), at TrakM8 (TRAK), Bluejay (JAY) and there is more on Woodford Patient Capital Trust (WPCT) and the, slowly detonating, nuclear grenade that is Proton Partners (PPI). I also look at (bad) news from Asos (ASC) and Sosandar (SOS) and wonder if there is something happening in online shopping that we have missed.
- By Tom Winnifrith |
- 8 July 2019, 12:35 |