ShareProphets

Wednesday 23 August 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


9 July 2013, 16:44 | By Staff Writer |

Top resource broker Fox Davies slashes Metals Price forecasts (big call)

Top broker Fox Davies has today slashed its forecasts not only for gold and silver but for the base metals as well. This is not just a reaction to recent tumbles. It is not just 2013 numbers that have suffered cuts of up to 20% but also forecasts as far out as 2016.

9 July 2013, 14:41 | By Doc Holiday |

Orogen Gold – a binary bet?

Orogen Gold (ORE) announced on 4th July 2013 '' Trenching at Gindusa West - very high gold grades '' what does this mean to Orogen gold and what has happened to the share price?  The stock now trades at just 0.25p valuing Orogen at £5.7 million – less than a year ago the shares were trading at 0.73p

9 July 2013, 13:56 | By Lucian Miers |

AFC Energy is a sell

Shares in AFC Energy (AFC) have performed well of late, more than doubling since Roman Abramovich’s vehicle Ervington Investments acquired 15% of the company last October for the price of an ageing midfielder (£8.7 million). The shares trade at 38.75p today down from a recent high of 50p to give a market cap of around £90 million

9 July 2013, 13:06 | By Steve Moore |

Dillistone Group - acquisition

AIM-listed recruitment software company Dillistone (DSG) has announced an initial £0.75 million (and up to £1.95 million subject to various recurring revenue targets over the period ending 31st March 2015 being achieved) acquisition of FCP Internet, a software-as-a-service provider (of its ‘Evolve’ product) to recruitment agencies in the UK.

Dillistone notes that “FCP operates in the same market sector as the group's Voyager software business” and...

9 July 2013, 08:14 | By Tom Winnifrith |

Lombard Risk Management Corporate Governance - that’s the way to do it

No this is not a boring piece about corporate Governance and the number of meetings that an Audit Committee should hold each year. Read on. I am making a valid point about the failure to protect investors on AIM.  Bear with me.

8 July 2013, 21:19 | By Tom Winnifrith |

Cyan – Indian delay so when is the cash call?

Cyan Holdings (CYAN) is a true posterboy for the AIM Cesspit and after eight years of non delivery it seems that nothing changes with a disastrous announcement from India today – the only real question is when is the next cash call?

To put the true disaster that is Cyan into perspective consider this. The company listed on AIM in 2005. It has to date clocked up losses of £26.5 million. Its revenues in calendar 2012 were a mighty £315,194.

8 July 2013, 19:55 | By Steve Moore |

Gulf Keystone Petroleum - unnecessarily escalating shareholder spat?

On the day Andy Murray was serving out for Wimbledon glory, the £7.4 billion M&G Recovery Fund was serving up a volley of a rather different kind to AIM-listed bulletin board darling Gulf Keystone Petroleum (GKP) – which has responded today...

8 July 2013, 18:12 | By Steve Moore |

NetDimensions - trading & operations update

AIM-listed “global provider of performance, knowledge and learning management systems”, NetDimensions (NETD) has announced that for its half year to 30th June 2013 “GAAP revenue is in line with management expectations for the period and the adjusted loss before tax will be smaller than forecast”. However, this is on forecasts reduced downwards – in the case of earnings materially – following a May announcement of a 5 year plan from the company post a $6 million placing of new shares...

8 July 2013, 17:59 | By Tom Winnifrith |

So Eruma is officially toast – what about the other 195 PLCs with CCJ’s against them? Who is next?

This morning AIM listed Eruma (ERU) a provider of counter terrorism kit announced that its trading subsidiary and the PLC had appointed administrators. Its shares were suspended on April 10 pending clarification of its financial position and so we can assume that it is toast. This is a wipe-out. A red flag for investors should have been that Eruma had FIVE County Court Judgements for non-payment of debts against it. As it happens another 195 PLCs also have CCJ’s against their name. So who is next to go bust?

8 July 2013, 17:13 | By Staff Writer |

Kenmare vs Sierra Rutile according to broker VSA

Following Sierra Rutile’s (SRX) Q2 production update, and ahead of both Kenmare Resources (KMR) and Sierra Rutile releasing interim figures in late-August, broker VSA Resources has published four page note in which it upgrades its stance on Kenmare and considers the attractions of the two stocks. 

8 July 2013, 15:01 | By Robert Sutherland Smith |

The Next share price has underperformed M&S this year. Is it a buy?

Well, if there is a case for buying Marks and Spencer (MKS) shares on the basis that it is more an investment in business model reform and not an investment in a recovery in the UK’s flat, stale and unprofitable economy and its stagnant consumer spending, is there also case for investing in Next (NXT) shares?

8 July 2013, 13:17 | By Steve Moore |

Anglo Asian Mining - positive copper/gold sales/production update

AIM-listed, Azerbaijan-focused, mainly gold producer Anglo Asian Mining (AAZ) has announced that, following a successful trial shipment, it has signed a new sales contract with US-headquartered international minerals and metals marketing company Seagate for approximately 750 wet metric tonnes of copper concentrate over July and August. Will this kickstart a re-rating?

8 July 2013, 08:47 | By ShareProphets |

8 July 2013, 08:01 | By Nano Trader |

Crest Nicholson share price to build higher from 340p

We all know that house builders have done well recently and with the government (in other words, taxpayers) providing “free money” to those who want it coupled with the nation’s obsession of owning a property showing no pace of slowing the sector should continue to show positive results going forwards.

8 July 2013, 06:43 | By Robert Sutherland Smith |

The Case for Marks and Spencer

Marks and Spencer (MKS) was once ‘made the weather’ in UK clothes retailing. But that was a long time ago. It was so successful on the high streets of the UK that it’s then commercial mission and revolutionary business model – essentially doing everything in-house from design to sales – was exciting material for management studies. M&S was the future and remained so for many years. 

 

That was until relatively recently as I noted at the weekend HERE in a discussion on Next.

7 July 2013, 09:04 | By Tom Winnifrith |

Which Gold stocks to own & when will they recover? The Sprott view

Today I hope to shed some light on the question – will gold stocks keep falling forever by bringing you a piece from Steve Todoruk who works for Eric Sprott at Sprott Asset Management – the world’s most successful investor in gold and silver stocks. Steve writes…

The period ending in 2010 was one of the most explosive episodes of growth for the gold mining industry, but the aftermath has been bleak.

7 July 2013, 05:41 | By Tom Winnifrith |

Why Gold is heading higher - Eric Sprott

Eric Sprott founded Sprott Asset Management in 2001, and is one of the gurus of gold (and more especially silver). This article appeared the other day summarising Sprott’s thoughts from a broadcast which went out on June 25th. It is an extreme view and clearly Sprott talks his own book but it is interesting none the less.

6 July 2013, 09:15 | By Tom Winnifrith |

Stanley Gibbons – The Funny Old world of The Stamp Industry Rumour Mill

An email arrived Friday from a reader in the Stamp Industry. The Stanley Gibbons (SGI) Flagship store on the Strand was shuttered up. The world on the street was that staff were being briefed about a shock boardroom departure. Cripes… er not cripes.

6 July 2013, 08:54 | By Steve Moore |

Gable – Full Year Numbers: reasons to be Cheerful Part 1

Non-life insurer underwriting a range of specialist commercial sector policies across seven countries within the EU, Gable Holdings* (GAH) has announced a pre-tax profit of £5.71 million, generating earnings per share of 4.32p for calendar 2012 – up from a restated 0.19p for 2011.

6 July 2013, 08:44 | By Robert Sutherland Smith |

Marks & Spencer vs Next

Outwardly Marks and Spencer (MKS) and Next (NXT) seem similar business’s; although we know that Next has been a far better investment than Marks, as is shown by the relative earn-ings and dividend records.

9 hours 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.

3 days 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.

7 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.

7 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.

7 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.

7 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.

7 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.

6 days ago | By Malcolm Stacey |

Looking for a Possibly Safer Airline Venture? - Well, this Fleet's In

Hello Share Grafters. The congestion in most of our airports will give you the heads-up that air travel is booming. It will continue to do so, especially as more people from developing countries become middle class. But you may still be wary of big airlines.

6 days ago | By Steve Moore |

EU Supply – does “Contract win” merit a 12% share price rise?

Having reached 18p last month, shares in e-procurement software provider EU Supply (EUSP) had slipped back slightly – but are currently further higher on the back of a “Contract win” announcement. This following a trading update earlier in the month…

6 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)…

6 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

6 days ago | By Steve Moore |

Capital Drilling – half-year results include “broadened” uplift in activity, so why are the shares lower still?

Drilling services company Capital Drilling (CAPD) has announced results for the first half of 2017, including that an initial uplift in activity has broadened with an improving outlook in industrial metals and capital markets activities support. Why then are the shares further lower, below 40p, having been above 60p earlier this year?...

6 days 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.

6 days 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.

6 days 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.

9 hours 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.

9 hours ago | By ShareProphets |

6 tips, the one gold share that all must own, and six reasons why the stock market may crash in 2017 - The August edition of the UK Investor Show magazine is now live

The August edition of the UK Investor Show Magazine is live featuring six share tips, the one gold share that all must own, and six reasons why the stock market may crash in 2017 and much more.

2 days ago | By Steve Moore |

Provident Financial – calamitous “Trading Statement”, shares plunge, another nightmare for Neil Woodford

Earlier this month in Neil Woodford - how long before The Deadwood Press admits that he does not walk on water?, Tom noted a bad record – recently including Provident Financial (PFG). The Mail on Sunday had written “the FTSE 250 doorstep lender whose profits halved after it struggled to move to a new operating model” - the struggles have got considerably worse…

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

Arrogant bastard Nomates Neil Woodford explains his latest disaster Provident Financial

Showing not an ounce of humility, the fund manager who seems to have at least three high profile disasters as week, Neil Woodford has posted a comment on his group's blog explaining why Provident Financial (PFG) shares are cheap after yesterday's disastrous warning. But before you rush out to buy it is worth noting that after the last warning (in June) Nomates Neil posted another blog. Nomates had chatted at length to management, he understood the score, the market was wrong and Nomnates had bought a stack more shares. There seems to be a pattern here.

2 days ago | By Cynical Bear |

Sphere Medical – Yet another Woodford debacle: it’s all becoming a bit too common

When Neil Woodford launched his Patient Capital Trust (WCPT) to much fanfare in 2015, everyone waited expectantly to see how he would start spending the £800 million war chest and so one had high hopes in April 2015 with the announcement of the first investment for the fund, namely a £4 million investment in an exciting quoted biotech play, Sphere Medial Holdings (SPHR). As an announcement last night showed, it has been as successful (or not) as one of his other uber-dogs RM2 International (RM2).

1 day ago | By Tom Winnifrith, The Sheriff of AIM |

A Broker warns you on Bushveld... they do it with mirrors

Once again I return to the subject of the company on AIM with the stupidest bunch of shareholders. The auditors of Bushveld Minerals (BMN) have stated explicitly that the company needs to raise fresh equity to avoid going tits up but shareholders respond by saying "how often have auditors got it wrong?" and a range of other excuses. They just do not get it at all, it is placing ahoy. Now the company has news today which the morons who own this stock seem to think is good. Ina private email this morning a top City broker put it thus:

9 hours ago | By Pizza Hardman & Hackney Marxist Darren Atwater |

New Bulletin Board Moron of the Week contest - sponsored by the AIM casino, the world's most successful growth market

This week's Bulletin Board Moron contest is sponsored by the AIM Markets, the world's most successful growth market, now only slightly smaller than it was last year.

12 hours ago | By HotStockRockets |

Optibiotix extends Sacco deal - another piece in the jigsaw: KEEP BUYING!

Optibiotix (OPTI) has announced that it has extended the Europe wide supply agreement announced with Sacco in March to cover the USA and Rest of the World. The new deal grants Sacco an exclusive licence to manufacture and supply OptiBiotix's cholesterol and blood pressure reducing LPLDL® strain in the US and ROW, in return for 50% of the profit, with a guaranteed cost of manufacture and minimum sales price per kilogramme to secure against discounting.

2 days ago | By Malcolm Stacey |

Why I'm Still Riding the Black Horse

Hello, Share Mixers. As you may have gathered, I favour investment in all four big British banks at the mo. My main reason is that each time one of them announces new figures, its balance sheet seems to have improved nicely and the share price usually shoots up.

1 day ago | By Tom Winnifrith |

Winner of the Telit Leather Man Macho Insider Dealer Yosi Fait caption contest announced

We asked you for suitable captions for the picture below of the leather man who took over from the cowboy as CEO of the Telit (TCM) village people. I refer, of course, to insider dealer Yosi Fait. You offered numerous suggestions as you can see HERE but there can be only one winner and it is

2 days ago | By Cynical Bear |

Red Leopard Holdings: Shock TR-1’s – Spreadex has been selling out

wrote at the weekend about the surprising lack of TR-1’s at Red Leopard Holdings (RLH), particularly from the largest shareholder Spreadex, with the company having gone into suspension pending an RTO. Well, as if by magic, they arrived yesterday, after hours of course.

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

Odd one out Contest: Martha Stewart, Lord Archer, Leather Man Yosi Fait and Jeff Skilling

Ok this really is easy. All you need to do is to say which of the four well regarded and utterly honest individuals below is the odd one out and why. Do your worst. The deadline is midnight tonight (Wednesday)

15 hours ago | By Malcolm Stacey |

Lost Faith in some of Your Old Favourites? Then Take a Look at this 200-year-old Niche Company

Hello, Share Smugglers. The main staples of your portfolio, I should imagine, are in these popular sectors; oil, banks, pharmaceuticals, utilities and insurance. I could be wrong, but history shows that people who invested in these areas years ago still hold the stock.

2 days ago | By Chris Bailey |

Billiton gets religion...with a little help from its activist hedge fund 'friend'

It was around a year ago that I wrote an article about one of my then tips of the year BHP Billiton (BLT) observing that the world's largest mining company had just made billions of dollars of losses...but correctly the share price was going up. Billiton was a nice solid pick for 2016 but so far this year the share has been more volatile than remunerative.

13 hours ago | By Chris Bailey |

Does WPP stand for 'What Profit Progression'?

Too many years ago to remember as a fledgling analyst and junior portfolio manager, I was told by an old hand that 'WPP is the company with the greatest correlation to the FTSE-100'. I have no idea - nor the boring Excel skills - to say whether this is true but the notion that the world's largest advertising company should broadly share the same ups and downs as the very international main UK market index makes quite a bit of sense.

12 hours ago | By HotStockRockets |

Wishbone – Yorkville fund raise, at up to and including 0.8p BUY

Wishbone Gold (WSBN) has announced an £800,000 fund raise at 0.7p. Well we wish it was that simple. The mechanism is really very complicated but involves Yorkville so we imagine that there are people out there saying Death Spiral. They are wrong.