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Latest News

VELA

Vela Technologies – a “gathering momentum” Vibe Group gets Candy Ventures investment

Shares in Vela Technologies (VELA) have responded positively to a Vibe Group Update - investment by Candy Ventures” announcement…

STAF
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Staffline – 2018 results (eventually), proposed bailout fundraising & directors 'avin a laugh?

Recruitment and training group, Staffline (STAF) has eventually announced 2018 calendar year results (though not included the accounts in the RNS – instead making us go to https://www.stafflinegroupplc.co.uk !) and a “Proposed Placing and Open Offer”

BKY

Berkeley Energia – commences initial battery & EV metals drill programme

Berkeley Energia (BKY) “is pleased to announce the commencement of its initial (six hole) drill programme to test for critical battery and EV metals across its large licence holding in Western Spain”

Collapsing-Reactor

Neil Woodford’s Income Focus Fund – good news….well, sort of

This morning’s figures from Morningstar show that Neil Woodford’s Income Focus fund (WIFF) had a better day yesterday as NAV per unit increased by 0.56%. Hooray! Well, that’s the good news. As for the bad news….

CRL

Don't Fret if You Failed to Follow Me into this Beauty Peddler, There Could Be More to Come

Hello, Share Crunchers. T’was 13 days ago when I reminded you that a tiddler I have great regard for was rather undervalued. Since then, shares in Creightons (CRL) have improved by more than 13%. Yet, based on preliminary results, just out, I think that there could still be further rises to come...

Bearcast
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Tom Winnifrith Bearcast - Don't follow Chris Akers blindly you may get burned

In today's podcast I look at RM2 (RM2) and the implications for Neil Woodford, Two Shields Investments (TSI) and Chris Akers,  RPS (RPS), Sareum (SAR) and Westminster Group (WSG).

Collapsing-Reactor
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Neil Woodford’s Income Focus fund - down again as £493m fund (at end-May) falls below £300m

It must be some kind of record: at the end of May Neil Woodford Income Focus fund was worth £493.4 million. Yesterday the fund had collapsed to just £297.6 million – a drop of 40% in less than a month.

NUOG
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Hard to see any light at the end of the tunnel for Nu-oil with a placing needed soon

Unfortunately for any holders, Nu Oil and Gas (NUOG) has played out pretty much as I expected it to over the past couple of years, and anyone holding through this period will have seen their investment decimated.

RPS

RPS Group – from Australia “indications of improved performance” to “softness in Australia… materially below… expectations” in less than 2 months!

A 1st May AGM trading update saw project management group RPS (RPS) state “the Australian property market, as anticipated, remained subdued. However, the transport sector was strong, and the acquisition of Corview in February 2019 further strengthens the group's position in this market. There are indications of improved performance in both segments in the second quarter”. Now a further trading update; “in Australia”

UKOG
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UK Oil & Gas Expose part 2 - the Planning situation at Horse Hill: what that says about its viability

When’s an oil field potentially not an oil field? Simple in my view – ask UK Oil & Gas (UKOG) to become the operator and see what else you can do with the “asset”! I reviewed in Part 1 my views on the current extended well testing and what I concluded that meant to the investment case, but now I turn to some of the issues I found on review of the planning application seeking consent for continuous production.

BON
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Bonmarche – from offer “materially undervalues… reject” to that it is “fair and reasonable… accept” in less than 2 months!

Last month, on an 11.445p per share mandatory - having acquired a 52.4% shareholding - offer for Bonmarché (BON) from Edinburgh Woollen Mill Group owner Philip Day’s Spectre Holdings, I questioned offer “unattractive when compared to the shareholder value that the… directors aim to create”. Now from Bonmarche “Update and change in recommendation”

RM2
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SCANDALOUS: 67% Neil Woodford owned dog RM2: I demanded a statement, it’s here and its grim

On Monday I demanded that RM2 (RM2) make a statement to cklarify its (grim) financial position. Today it has obliged and this maker of “disruptive” pallets where Woodford Investment Management funds have a 67% stake looks to be utterly fecked.

KEFI

KEFI Minerals – update reinforces some risks, but the upside potential remains

KEFI Minerals (KEFI) has updated following “recent media commentary relating to a localised foiled coup attempt in one of Ethiopia's nine regions” and that, after consultations with the community, the authorities and our Ethiopian partners, it “has informed the authorities of the plan to proceed with the first stages of development upon the completion of agreed preparations with the local community and Government administration”

UKOG
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Expose: UK Oil & Gas - What's the latest on the "Gatwick Gusher"? What is it actually worth?

I followed the UK Oil & Gas (UKOG) storey from the first shouts of “Gatwick Gusher” back in 2015. I had my doubts back then on what Lyin’ Steve Sanderson said and reviewing the current position this week has not changed my view on the company.

CYBG

Challenger Banks Can be, well, Challenging But This One Could Break the Mould

Hello, Share Panners. To my horror sometimes, I find this family still invested in the big four British banks. This is a case of optimism and a feeling that they must pick up steam at some stage. The trouble with this kind of mindset is that you wait and wait, without taking any kind of positive action. But if you are fed up of waiting, you might look at one of the challenger banks...

SAR
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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.

TRAF
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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…..

Bearcast
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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) 

UNG

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?...

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ANP

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Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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