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Having been placed into administration and a CVA proposal having been voted down, the business and assets of the previous holding company of Scottish football club Rangers were acquired and on 19th December 2012 the new holding company, Rangers International Football Club (RFC), was brought to AIM at 70p per share. With the shares currently at 22p, this first piece details the extraordinary litany of woe from the December 2012 AIM admission to this point and a second reviews the current position following an announcement on Friday of a summary of the findings of a business review which has left a union of Rangers fan groups “absolutely appalled”.
The next sizzling hot share tip from the new HotStockRockets website (our tip of the month) will go live TODAY (Monday) at 9.30 AM. Our readers will get to know about it for as little as £5 a month ( or less!). This is a corker of an undervalued play on a superb Chairman and no-one seems to have noticed! We have.
Range Resources’ (RRL) investor relations people, Buchanan, don’t want to talk to me. Range’s Nomad, RFC Ambrian, doesn’t want to talk to me. Perhaps they all think I’ll just go away? Perhaps they think that remaining silent about the undeclared $6.5million Platinum Partners loans, received by Range in October 2013, aren’t that big a deal? Perhaps they believe that the AIM Investigations Team is little more than a paper tiger, so they can do as they damn well please? Let’s see...
I have an unofficial rule that if an investment theme or a specific company appears three times in quick succession on the front page of the self-styled ‘World Business Newspaper’ (clue: its pages are pink) then whatever issue is being discussed is ‘in the market price’. It feels as if Barclays (BARC) has been on the front pages a lot recently following controversies on pay, management credibility, the future of its commodity unit, various fines and ‘discussions’ with different global regulatory authorities.
Proactive Investors needs a history lesson. London may be your capital but please note that we in Ireland have enjoyed independence from our colonial masters since 1922.
Reading that an icon of a modern City of London landscape, Lord Foster’s “the Gherkin” has been called in the administrators and that Canary Wharf’s emblematic HSBC HQ building is up for sale, I thought it wise not to continue take the UK property sector for granted assuming it is doing well. To help me in this analysis, I revisit Land Securities (LAND) below.
Hello share fans. Every dog has its day. Or everybody gets 10 minutes of fame. Something similar to these well-known sayings happens in Shareland. It is wise to be aware of it.
Oh dear. To lose one main board director in a day is understandable but to lose two (and a non exec) in a day looks like carelessness. I refer to Iofina (IOF).
The National Association of Business Economics recently polled 72 economists for their views on the economy. Not one expected anything but positive growth in the year ahead. The mainstream is more convinced than ever that danger in the economy has subsided. We are in the clear, is seems – at least to them.
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 masterclass with gold guru Amanda van Dyke on making money from Mining stocks.
We accept that to date our Inspirit* (INSP) tip has yet to fly. The shares are now 1.55p-1.6-p – compared to a 1.8p (offer) tip price. But the volumes on the sell-off are not great and it will not take much to turn this around BIG TIME.
Tom Winnifrith’s latest guide on how to conquer the market, The 49 Golden Rules of Making Money from Shares, is fast becoming a classic must read among British investors. Available on Amazon for £6.27, we’ve managed to secure fifty extra free copies for our loyal readers. Simply click on the link below to register for this exclusive promotion, but be quick... the last time we offered Tom’s book we gave away fifty within the first two hours!
I’d like to think I’m pretty good at this football betting malarkey. Apart from watching Chelsea’s title hopes crumble in the most unimaginable way at home to Sunderland (of all teams!), this has been a fantastic week. Last week’s column proved to be a gem. First, I cleaned up with Moyes finally being unceremoniously dumped from the job he should never had had, then I made a packet on Chelsea’ 0-0 snoozefest in Madrid, finally I got banned from betting at BetVictor. Yes, that is right; the good people at BetVictor don’t like their customers winning too much...
Hello Share Mates: We need patience in the great game. We should try to take our time. Cool it. The world won't leave without us.
1Spatial (SPA) has updated investors n the 12 months ended 31st January that “adjusted EBITDA and overall results for the year will be in line with market expectations”and that its new financial year has commenced “with a strong order back-log in excess of £7m and a significant pipeline of opportunities… across a number of geographies and industry verticals”.
Quindell plc (QPP) has published its “detailed response” to the critique earlier in the week by Gotham City Research LLC, including re-emphasising that it rejects the assertions raised in the Gotham publication and that it considers it to be “highly defamatory” and “deliberately misrepresentative”. Hmmmmm.
On Friday we ran an article suggesting that aircraft leasing business Avation (AVAP) had lent its chairman Jeff Chatfield $3 million. This was an error. We apologise to Mr Chatfield, to Avation and to our readers for this mistake. I have written personally to Jeff to apologise and I take personal responsibility for the error.
Bears fret about a potential global oversupply of iron ore and a weakening of China’s demand for the stuff as the People’s Republic’s economy slows. However, Nick Warrell, chief executive officer of Sula Iron & Gold (SULA), determinedly exudes cheerful confidence as the company works to establish a formal resource estimate for its Ferensola iron project in the mineral-rich West African state of Sierra Leone.
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation on Emerging Markets with Terry Smith
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 traders session with Clive Sinclair-Poulton of Beowulf Mining (BEM)
As I head off to Greece later this week it will be to start training at altitude in the Taygetos Mountains. Only kidding. But i have been taking to the gym and starting some modest walks. I really do not want to be shown up too badly on 28 July when Brokerman Dan Levi and I walk from Horse Hill to Woodlarks.
There is no prize but are you "freaking cleverer than God" and able to spot the odd one out? The answer I see has nothing to do with nationality or religion. Post your answers in the comment section below. Our four angels are former Tory leader Iain Duncan Smith, Praise The Lord Julie Meyer, divine actress Jennifer Aniston and shamed ex Sefton boss Jimmyliar Ellerton. Do your worst...
Forgive the late bearcast. Blame it on Greek Hovel business. In today's podcast I look at Folli Follie, shares in which are slumping again as I warned you the other day HERE - tomorrow might be D (for Death) Day. I then take up Andrew Monk on AIQ (AIQ), Petra Diamonds (PDL) and the idea of consolidating brokers and Nomads via M&A. It makes no sense Andrew. Then I look at the GoTech (GOT) shambles - its now a dope play but frankly you must be a dope to own this stock. Then I cover Optibiotix (OPTI) again with a point folks like Cynical Bear have missed. Finally its i3 Energy (I3E). Thanks to those who have sponsored me as I suffer the dual agonies of walking 30 miles and having to listen to Brokerman Dan drone on all day, but 99% of bearcast listeners have not yet donated a tenner. Please do so HERE
With Julie Meyer telling the US taxman, the IRS, that she has just £500 in cash and owing money to three banks, the IRS and HMRC, you might think that her personal situation could not get any worse. Well perhaps it could. I refer you to the administrators preliminary report into the demise of Ariadne Capital Limited below.
I previously covered AIM-listed Victoria Oil and Gas (VOG) with reference to an after-hours warning issued after market close, but during the auction. It looked terrible, but there were mitigating factors which looked to have combined in an unfortunate fashion. This morning Victoria has issued a Q1 trading update. It is not pretty, but I have to take my hat off to the company this morning, for it gives full numbers and investors can make a rational decision.
In the latest trove of Julie Meyer documents emerging at Winnileaks we find a cracking case of another supplier to Ariadne Capital Limited ( now in administration) having to take it to the High Court to get paid. But I wonder was it paid? And was Ariadne's in house lawyer Peter Bradley entirely upfront with the Court. For the avoidance of doubt, Bradley is a good man but I suspect that he is also a "Good German."
As each day goes by we discover yet another institution to whom Julie Meyer MBE owes money. Already we have identified the IRS,HMRC and two banks. Thanks to Winnileaks here, below, is a third, HSBC. One wonder if any of her creditors know about all the others and if that is going to make one especially jumpy and demand immediate repayment rather than accepting a payment plan? that could be awkward. Meanwhile are her various creditors happy that she has retained uber expensive lawyer Julian Pike of Farrar & Co to act for her in a personal as well as a corporate capacity?
Hello, Share Scramblers. It seems to me that more people are adopting cats and dogs. There’s also more interest in more exotic pets. At my vet this week, I spotted a hen and something in a sinister box which the owner seemed afraid of. People are also taking more care of their pets, as many become a substitute for offspring who’ve fled the nest.
Hooray. After this week's doorstepping and podcast special and the work back in Bristol this is a great day. I suspect it is game over and discuss the probable demise of Folli Follie. Never buy a stock on a PE of 1. Elsewhere I look at rumours concerning Nomad Northland, at Echo Energy (ECHO), the fraud MySquar (MYSQ), my letter to Julie Meyer HERE, Sound Energy (SOU), Westminster Group (WSG) - with its revolting chairman ex Tory MP Tony Baldry - and Frontera (FRR) and its latest pre placing ramp. Now come on chaps, if you enjoy bearcast - and I know 1000 of you do every day - please donate £10 NOW to the Woodlarks charity walk - HERE
Another day...another retail stock. 'Tis the (reporting) season I guess. Today's offering is Kingfisher (KGF), which longer-term readers will know I have traded once before over the last year or so, buying sub 3 quid and moving out after a 10%+ gain plus some dividends. Well, as noted most recently here, the share has been kicking around the three quid level today and that interests me. So is my call to trade the DIY and related company again for a double digit plus target gain looking wise or not after today's Q1 update?
Last week Starcom (STAR) was “pleased to announce the launch of the latest iteration of its awarding winning intelligent padlock, the Watchlock Cube… the company has high expectations for the Cube due to its electronic shell being able to fit a variety of C10 padlocks from various manufacturers, its lower price and a far more durable battery life”. And now… “Placing” (surprise, surprise!)…
Back in January, I suggested selling Inspired Entertainment (NASDAQ - INSE) at $7.70 on the basis that a revised £2 maximum stake on Fixed Odds Betting Terminals (FOBTs) from the current £100 would cause serious problems for the company.
A reader says that if I invite Julie Meyer MBE to join myself and Brokerman Dan Levi on our sponsored 30 mile walk for Woodlarks on July 28 he will donate £400, if she turns up he will donate an additional £600. Why not? I am sure that Brokerman Dan would be happy to share some of his past experiences with her and that might prep Ms Meyer for her life going forward. The letter is below. Now how about you all donate a tenner each HERE.
It is now almost two weeks since the regulators at the Maltese FSA (MSFA) suspended the license of Julie Meyer to conduct financial activities including fund management. The word on the street is that the license will be cancelled altogether soon. But it seems that back in London the dozy fuckers round at the FCA still have not caught up and indeed are now derelict in their duty to protect consumers.
Bluebird Merchant Ventures (BMV) has announced further results from underground channel sampling at Kochang on in-situ ore left behind by the original miners – including emphasising “the samples show positive indications of high average gold and silver grades” and “orogenic deposits typically extend over 1 kilometre in depth and Kochang has only been developed to a depth of 150 metres”…
ScotttheScott was almost there but not quite. Yesterday I asked you to suggest which of the four figures below was the odd one out: former Tory leader Iain Duncan Smith, devout Christian Julie Meyer MBE, divine actress Jennifer Aniston and shamed ex Sefton Boss JimmlyLiar Ellerton. I am shocked that Henry Gewanter who, heroically, ensured that MPs expenses were leaked and who used to act for Praise The Lord failed to get the right answer. That answer is:
The first thing to note is that the NAV of Paternoster Resources (PRS) was 0.172p per share and that was 94% in cash and listed investments. One of the larger stakes was in I3 Energy (I3E), shares in which have rocketed in recent weeks - almost certainly unjustifiably but that is life. With overheads slashed by the new regime, the NAV could well be heading towards 0.2p per share. The shares are 0.08p-0.1p which makes them a cracking buy ahead of the next NAV statement.
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