An open letter sent today to Chris Mullen, the senior partner at Pinsent Masons. I shall keep you posted on the response.
Specialist engineering, technology and professional services recruitment group Matchtech (MTEC) has announced what looks a compelling bolt-on acquisition…
Shares in international specialist staffing group Empresaria (EMR) presently trade at 32p-35p on the back of the company’s results release for the first half of 2013. Having added the shares to the Penny Share portfolio of my Nifty Fifty website at a 28.5p offer price in January, the following reflects my current view.
International specialist staffing company SThree plc (STHR) has updated on its third quarter, ended 25th August, noting “a sequential improvement in our performance over the second quarter, led by Contract and our newer sector disciplines” (Energy and Pharma & Biotech). However, ...
Some of London’s hotter small cap players have, I hear, been having a nibble at AIM listed Paragon Diamonds (PRG) and reckon that the shares are set to rocket on news next week. At 4.875p the company is valued at £11.6 million.
I tipped Sound Oil (SOU) on 17th May at 7.875p. The shares are now 11.5p. Not bad. But things are moving along nicely. The company announced on 4th September some pretty good news.
I first looked at holding company of life and pensions businesses, Chesnara plc (CSN) on this website in May HERE – concluding that at 245p the shares looked an attractive investment proposition, particularly for income seekers. The following updates post interim results from the company at the end of last month and subsequent reaction from its joint broker, Panmure Gordon…
AIM and ASX listed Thor Mining (THR) is a mineral and Development Company with an advanced tungsten/molybdenum project poised for development and exciting precious and base metal exploration projects. A £3.2 million market cap does not discount this.
A mutual pal asked both Evil Knievil and I to assist in a small way in a recent placing at 1.3p for Inspirit (INSP) on AIM. I, or rather RMPC, assisted in a small way on this one as did Mr K
There was a report earlier this week that a big international investment bank has ranked Associated British Foods (ABF) shares as ones to outperform. So I have cast my eye over this equity. I took a preliminary look at the share price noting that the shares are not only way above the five year trend line support but that the share price pattern has formed what technical analysts call a double top; generally regarded as a harbinger of doom.
There is only one investor show worth attending if you want to hear an array of big name speakers in sparky debate and meet dozens of growth companies. And this year the UK Investor Show has a new format and a new venue, the Queen Elizabeth centre in central London. The date for your diary is April 5th 2014
But to get a 50% discount on your ticket you need to book before September 30th HERE
More than 20 big name speakers are already signed up to appear including Britain’s Buffett Nigel Wray, legendary bear raiders Evil Knievil and Lucian Miers, gold gurus Amanda Van Dyke and Dominic Frisby, Ed Croft of Stockopedia, controversial mining analyst turned entrepreneur Matt Sutcliffe, infamous bloggers Brokerman Daniel and Doc Holiday, Clem Chambers, Tom Winnifrith and Roger Lawson.
GLI Finance (GLIF) has followed its July investment in the crowd lending platform FundingKnight by taking another “at least” 20% stake in the form of equity and preference shares in - with its CEO, Geoff Miller, again joining the board of - another crowd-funding platform, Platform Black Ltd. A good move? Yes.
Perennial dog Blavod Wines & Spirits (BES) has announced results for its year ended 31st March 2013 which it notes “reflect the refocusing of the business… the launch of the new owned brand RedLeg Spiced Rum and the investment in reinstating the volumes of a key agency brand impacted by the loss of a listing in the prior year”.
In a very positive development for AIM listed Nostra Terra Oil & Gas (NTOG) it seems to be making progress in its claim against Richfield Oil & Gas for $1.5 million plus fees, according to an RNS announced on 3rd September. House broker XCAP has published a detailed not on the significance of that announcement.
I commented yesterday (see HERE) on a positive trading update from global project management and technical consultancy WYG plc (WYG). The following adds to those thoughts with some further broker reaction to the company’s update…
I wished to speak to Dr Michael Green, Sefton’s IR manager and Company Secretary this morning. And so I called the number on today’s release. A young lady answered the phone & I did not quite catch where she said she worked but I was put through. A voice answered and said that Green was out until after lunch. I asked where I was calling? The American accent replied: “Dr Michael Green’s London office.”
After rising 6.35 percent in August, the U.S. Comex gold futures jumped 1.14 percent on 3 September to $1,411.70 after the Labour Day weekend. The Dollar Index also rose 0.33 percent after rising 0.78 percent last month.
Shares in Sefton (SER) have been suspended today. The reason is that an internet site has published what purport to be internal emails and the interims and has thus created a disorderly market. The site has also strayed into making suggestions about the private life of a Sefton employee (not Ellerton) which is quite simply 100% unacceptable. As such I shall not give it the oxygen of publicity and my thoughts go out to that employee today. I wish him all the best, would happily buy him a drink and a pizza and he has my complete understanding and unquestioning support at a personal, if not a professional, level.
AIM-listed, Kurdistan-focused, oil and gas bulletin board darling Gulf Keystone Petroleum (GKP) has announced the appointments of five new non-executive directors with immediate effect, with the company’s Chairman, Simon Murray, emphasising that it is “firmly focused on completing the move from AIM to the Standard Segment of the Official List before the year end. I have great confidence in the ability of this enlarged, balanced and united board to complete this move and to continue developing the company in the interests of all our shareholders”. However, …
Global project management and technical consultancy WYG plc (WYG) has, for its year ending 31st March 2014, reported “a good, strong start to the year, with encouraging progress in both our UK and overseas markets” and that it “expects the outturn to further exceed those expectations” having stated in June that it anticipated that the profit outturn for the current year would be higher than market expectations at that time. The following updates…
In this bonus podcast prompted by recent events at African Potash (AFPO) and ADVFN (AFN) I look back on other bouts of market insanity. There was the radio boom of the 1920s and the dot com boom of 1999-2001 but is the blockchain bubble at 1999, 2000 or 2001? Among the companies also mentioned are On Line (ONL), Vela (VELA), Milestone Group (MSG) and Coinsilium (COIN), where we have a small holding. Madness, my friends, is in the air.
Last month the Jupiter Merlin group which, at one point, had £942 million invested in funds managed by Neil "nomates" Woodford announced that it was pulling out its last monies. Now another big investment group has given up on Britain's most self important fund manager. Aviva, one of the largest savings providers in Britain, has had enough.
Shares in Angus Energy (ANGS) have plunged by 36% to 17.125p today after news from the Lidsey Field which cannot be described as anything other than disappointing. Hope meets reality. At some stage the same process will see shares in UK Oil & Gas (UKOG) crash. Let's start with Angus.
Malcolm outlines a strategy today for playing AIM Casino stocks which I regard as folly. I explain why it could go disastrously wrong in two ways. Then I look at the wider asset bubble in relation to art, soccer players, real estate and new media and how that impacts on the stockmarket and will, in due course, implode.
I start this podcast with a look at Carillion (CLLN) where I wonder if Steve's damning verdict HERE is just a bit too generous. The boy is too much of a nice guy for his own good. Then it is onto the FRC which will be writing to 40 AIM and Small Cap companies ahead of them publishing FY numbers. I have a few ideas who and on what areas. The FRC are of course the UK's best regulator if only for recognising the work of the UK's top investigative financial journalist. Then I look at Angus Energy (ANGS) and finally there is a detailed discussion on MySquar (FRAUD)
Whilst many private investors go chasing rainbows and hoping for one of their oil and gas exploration plays to hit black gold, there are actually a number of AIM listed outfits which are already producing, yet don’t seem to be as popular as they are unlikely to generate large share price rises overnight.
I know sweet FA about GCM Resources (GCM) so you are on your own on this one. It has just announced an Underwritten Fundraise, to raise up to £2 million at a subscription price of 34.4p per Ordinary Share - via Primary Bid. This represents a discount of 20% to the closing mid price on Friday, 17 November, 2017. You can sign up and take part, if you wish, HERE
This is the time of year when I ask you to consider making a small donation to ensure that folks far less fortunate than we all are enjoy some real joy this Christmas. Woodlarks is a charity with whom I have worked for years. It provides a one-off service: full holiday acccomodation for those so severely disabled that they would otherwise not get such a break.
Once a year the Mrs allows me to give a lecture to her sociology students at Bath Spa University. Around 70 attended and and I did not hold back. My lecture was recorded as were the slides. Enjoy!
I suggested last week that the time had come for oil stock promotion UK Oil & Gas (UKOG) to come clean about its financial position and update the market on where it stood on its flow testing at Broadford Bridge. I suggested the shares were a sure fire short at 4.6p.
Carillion (CLLN) topped the top shorted London-listed shares at the start of 2017 (recent performance update HERE) and remained so in our Autumn update HERE. Having commenced the year above 235p, the shares had slid below 200p before a July profit warning, business review and Chief Executive “stepped down” announcement. They are currently down from above 40p to below 30p today on the back of an “Update” announcement…
Hello Share Pinchers. There are times while trading shares when one can consider suspending logic. One mistake a short-term trader can make is to expect strong balance sheets to always send share prices flying. Successful investors have a secret which is now’t to do with a firm’s fundamentals.
Actually I am in Greece on December 4 or at least on my way home after the olive harvest. But, in return for a small donation to Woodlarks, I have agreed to record a video from the Greek Hovel with a few market thoughts and a couple of share tips for Christmas.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
React Group (REAT) admitted last week that it would miss forecasts for the year to 30th September. It states that the unaudited numbers show revenue of around £2.65 million and a pre-tax loss of around £400,000.
This entertaining farce (for the neutral at least) at BOS Global (BOS) moved on a step yesterday with the ex-CEO, Michael Travia, making his move to give him a shot at the assets, most notably the 40% stake In Call Design, but I’m not convinced that it will be as easy as he hopes.
I don’t think I’ve covered 3i Group (iii) before. For one thing, it’s an unattractive brand name, not meaning anything obvious. Secondly, it invests in companies, which we, as canny share shifters, are capable of doing on our own. Then our money is not eaten away by administration costs. But this company is now bowling along and you may want to consider climbing aboard.
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