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I remain to be convinced that any asset sale will justify the valuation of Sound Energy
A couple of weeks ago I covered Sound Energy (SOU) and its recent disappointing drill results which appeared to cement its fall from grace as a favourite amongst private investors. At the time the share price was around 8.7p and I mentioned the fact that some of the placees from the recent equity fundraising of $2.7 million net at 10p would likely be looking to try and create a spike to sell into. Since then I have seen all sorts of rumours on social media, including one that a single shareholder took £3 million of placing shares – which is more than were actually issued!
- By Gary Newman |
- 8 July 2019, 12:34 |
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Trakm8 – talks “adjusted (loss)/ profit”. Er, what about those self-admitted “necessary” ‘capitalised development costs’?
Telematics and data insight provider, Trakm8 (TRAK) has announced results for its year ended 31st March 2019, including “sales related challenges and contract delays significantly impacted” but that “the new financial year has begun with new contract awards from two further insurance companies, with revenues already commenced” and “Fleet sales team's performance is continuing to improve, securing a higher value of contracts than the corresponding period last year with this momentum expected to continue”. The current year to be much improved then?...
- By Steve Moore |
- 8 July 2019, 12:30 |
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Imperial Brands goes progressive on its dividend...and the market likes it
I found it interesting that the comment that was written to my article about the challenges of high headline dividend yields asked about my views on Imperial Brands (IMB). I took the view that for the tobacco giant it actually was more of an opportunity than a threat because I could not see the scope for the dividend to be cut because of what I perceive as the strengths of its cash flows. And actually this is how it seems to be working out...
- By Chris Bailey |
- 8 July 2019, 11:00 |
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Anglo African Oil & Gas Disgraced boss David Sefton misleads investors again – SACK THE LOATHSOME BASTARD NOW
After intense pressure from ShareProphets and from those who were signed up to take part in a £2.7 million placing at 5.2p and are threatening to pull out, disgraced David Sefton and Anglo African Oil & Gas (AAOG) have made a statement. But the turd Sefton has misled investors again. How is Nomad FinnCap putting its name to this? Does FinnCrap have no shame? As Sefton dissembles I have some new revelations below....
- By Tom Winnifrith, The Sheriff of AIM |
- 8 July 2019, 10:23 |
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Woodford Patient Capital – scary stuff: why the NAV is completely illusory, the hard maths
Lucian Miers warned over the weekend that investors should not be fooled by the discount to NAV apparently on offer at Woodford Patient Capital Trust (WPCT) and in fact the shares are a sell. I’ve been crunching a few numbers and it is scary stuff. Do the hard maths and you see why the stated 83p NAV is pure fiction and will be c40p before too long.
- By Nigel Somerville |
- 8 July 2019, 09:40 |
This Chalk and Cheese Combo Could Prove a Tasty Treat
Hello, Share Breakers. May I admit that some of my expensive wardrobe was bought in Primark, including the fetching purple polo shirt which I’m sporting now. Anyone who goes there can attest to the huge crowds its stores attract. More importantly, the queues to pay are usually long...
- By Malcolm Stacey |
- 8 July 2019, 09:15 |
Fox Marble – a further agreement further builds sales momentum…BUY
Fox Marble (FOX) “is pleased to announce it has entered into a new sales agreement with a customer based in China”…
- By Tom Winnifrith & Steve Moore |
- 7 July 2019, 16:44 |
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Tom Winnifrith Bearcast: the krypotonite at the heart of Neil Woodford's crumbling empire is Benevolent AI and it is now glowing
Cynical Bear warned Benevolent AI would be Neil Woodford's Kryptonite in May 2018. His coverage before then and his and our coverage since then was amazing and so far ahead of that of the Deadwood Press. The Sunday Times does some "analysis" today and almost gets the same answer we got years ago. Wankers. But it has a new angle: the next funding round will be a savage "down round". I explain why this will blow Woodford apart exposing to all what a greedy charlatan and chancer he is.
- By Tom Winnifrith |
- 7 July 2019, 16:37 |
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Anglo African Oil & Gas Disgraced boss David Sefton P45 watch – Day 7, FCA Now Contacted
On July 1 we revealed that having raised cash in a placing he said was not needed just a few days prior at 10p a few months ago, David Sefton was trying to raise £9 million more at c5p for AIM promote Anglo African Oil & Gas, HERE. By Wednesday we exposed the undeclared related party company screwing nature of that fund raise HERE. On Thursday we flagged up that the placing part of the fund raise was in trouble HERE. Now on day seven of the David Sefton P45 watch I have written to Mark Steward at the FCA demanding he act. The letter follows....
- By Tom Winnifrith |
- 7 July 2019, 15:41 |
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GVC and a bit of Turkish turmoil
Whilst one of my tips of the year Sage Group (SGE) goes from strength to strength, the other one - GVC (GVC) - continues to be all over the place as I recounted here a couple of months ago .
- By Chris Bailey of Financial Orbit |
- 7 July 2019, 13:07 |
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Five slam-dunk sells for 2019 – early July edition
With the Neil Woodford debacle I’ve taken my eye off the ball here – many apologies. So here is an update on my five AIM sells for 2019, the first since the end of March.
- By Nigel Somerville |
- 7 July 2019, 13:02 |
Sunday Long Reads: Petty grifts, insider trading, the new Firms, John Waters, Great Model Train Robbery
Is there anything better than sitting back and reading a well-written article on a lazy Sunday? Every week ShareProphets features some long form journalism that you'll find of interest. Grab your cuppa and enjoy these five articles.
- By Darren Atwater |
- 7 July 2019, 12:58 |
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Redemption Watch shocker: Neil Woodford’s Income Focus Fund yields more ground
Neil Woodford’s Income Focus Fund dropped 0.53% in its NAV per unit on Friday as the fund slipped to another new low point of £291.6 million. Having closed at £293.6 million on Thursday that 0.53% drop should have seen the fund down to £292.0 million but redemptions once again knocked a further £0.4 million form the total.
- By Nigel Somerville |
- 7 July 2019, 12:57 |
Notes from Underground - Nothing to worry about Nothing to worry about.
I'm writing this column from beautiful British Columbia, on Canada's West Coast. You have, of course, heard about the earthquakes in California. You probably didn't hear about the earthquakes, which happened around the same time, in northern British Columbia. That puts yours truly right between the two.
- By Darren Atwater |
- 7 July 2019, 12:53 |
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Anglo African Oil & Gas Disgraced boss David Sefton P45 watch - Day 6
On July 1 we revealed that having raised cash in a placing he said was not needed just a few days prior at 10p a few months ago, David Sefton was trying to raise £9 million more at c5p for AIM promote Anglo African Oil & Gas, HERE. By Wednesday we exposed the undeclared related party company screwing nature of that fund raise HERE. On Thursday we flagged up that the placing part of the fund raise was in trouble HERE. Now on day six of this scandal it is worth asking why David Sefton has not yet been fired?
- By Tom Winnifrith |
- 6 July 2019, 14:52 |
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LSE AIM Statistics for June 2019 - these truly are awful stats for the “worlds leading growth market”
The joke management of the London Stock Exchange (LSE) continues to insist that the AIM Casino is the world’s leading growth market. But the hard data from June 2019 shows once again that the fat cat LSE bosses are ‘avin’ a giraffe.
- By Tom Winnifrith, The Sheriff of AIM |
- 6 July 2019, 14:33 |
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Tesla and me
A week ago I emerged blurry eyed at Heathrow off an overnight from San Francisco. Actually, I say overnight but in reality with the time difference it was more like I lost a full day. I guess I gained it all on the way there... Anyhow I had been lurking in Silicon Valley for a few days, meeting a few people and customers in order to try to get a handle on things. Yes, i was almost back to my old professional fund manager mindset.
- By Chris Bailey of Financial Orbit |
- 6 July 2019, 14:16 |
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Tom Winnifrith Bearcast: Why banning shorting benefits fraudsters and hurts everyone else
David Lenigas and others seem to think banning shorting is a good idea. Au contraire it would hurt absolutely everyone except fraudsters and shameless promoters. I explain this in full in today's podcast.
- By Tom Winnifrith |
- 6 July 2019, 11:13 |
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Woodford Patient Capital Trust: Don’t be Fooled by 'the Discount to NAV' - sell
At 57.3p the shares in Woodford Patient Capital Trust (WPCT) trade at bang on a 30% discount to stated NAV. There has been an enormous amount written about the Woodford fiasco since it started to unfold but a couple of points are worth making...
- By Lucian Miers |
- 6 July 2019, 10:17 |
Bluebird Merchant Ventures – some permitting delay, BUT…
An “Operational and Permitting Update” from Bluebird Merchant Ventures (BMV), including of “delay… due to a change in the Counter Measure Against Natural Disasters Act, which had a section pertaining to mining which potentially allowed for multiple interpretations”…
- By HotStockRockets |
- 6 July 2019, 10:10 |