As can be seen from the daily chart of Forbidden Technologies, the shares had their time in the limelight going into the start of 2012. Those lucky enough to be on board an unfilled gap to the upside from the 20p's were treated to a Happy New Year at a peak for the shares towards 50p.
Global Petroleum (GBP) has a relatively low cash burn and right now has more cash (£14.8 million) than, at 6.625p, its £13.2 million market capitalisation.
DJ Zak Mir takes a technical look at the latest "hit" from the satellite communications group.
It is now been almost two and a half years since the glory days of Ural Energy when the shares were trading at 18p plus at the beginning of 2011. The issue now is whether after what seems like an interminable period of unwinding/ de- ramping and a general imposition of misery to the bulls, the time has finally come for a sustained turnaround and a possible retracement of what has been lost?
I was delighted to find out that tungsten/gold miner W Resources as its assets focused in the Iberian peninsula-Spain/Portugal. This implies that there is at least some form of wealth creation going on in the "bailout zone" even as the local inhabitants await the arrival of the ECB helicopter money drops.
As someone who is realistic about how doomed the environment is, and who would like to see Global Warming take us back towards the levels of the Holocene Climate Optimum, I have no fear of fracking.
How do you fancy hearing talks and jokes from Evil Knievil and Lucian Miers? How do you fancy seeing the 2013 AIM Cesspit awards handed out to the companies and CEOs who have made the bottom end of AIM the joke that it is?
I can reveal exclusively that at last things are starting to happen on the regulatory front when it comes to AIM Cesspit listed Sefton Resources (SER) – the AIM regulation unit is now conducting multiple investigations into the company.
At the Annual General Meeting of shareholders of Bullabulling Gold Limited (BGL) held today the chairman served up a statement that was classic Bullabullabullshit. Investors are waking up and the shares lost another 10% to close at 2.375p but that still values this company – which may well be toast by mid-August – at £9 million.
Shares in AIM-listed Straight plc (STT), the UK's leading manufacturer and supplier of specialist kerbside recycling containers as well as a key supplier of a broad range of other waste and recycling products, have jumped more than 25% on the back of an announcement that the company has secured a position on a new four year, estimated £30 million-£60 million across six suppliers, framework agreement.
Following an AGM statement from Kenmare Resources (KMR) another broker has tweaked its forecasts and once again the tweak is downwards.
This has been well spun by Cupid (CUP) but yesterday’s trading statement was a disastrous profits warning.
AIM-listed Blavod Wines & Spirits (BES) is a company I have long, very disappointingly, followed – with it continually apparently having been on the verge of a turnaround but never really delivering.
I offer no comment on this weekly feature it is a simple matter of observation.
Shares in fully-listed, international recruitment and IT outsourcing & offshoring company Harvey Nash (HVN) have been strong performers since falling to 46.5p in July 2012.
I found the comment by Tom Winnifrith in his Video Postcard that technical analysts tend to make calls on the basis of momentum - long at the top / short at the bottom somewhat erroneous.
The current technical set up at Herencia Resources leaves me almost lost for words. This not only due to my parents having burned the equivalent of £150,000 on a Harrow School “education” to leave me with limited grammar skills and strange accent, but also because there are so many plus points on the daily chart.
It has been the case that that Roxi Petroleum has been on my technical radar for quite some time, over and above the attention derived from the fundamental updates.
Without wishing to deliver the kiss of death to Gold and Gold stocks, it does appear that currently after nearly two-year is in the doghouse, it may be safe to come out of the cold if you are a fan of this particular asset class.
Taking readers suggestions for improvements, we've made it much easier to subscribe to your favourite one-stop source for breaking news and expert analysis on AIM and LSE listed shares. £5.99 pcm gets you access, that works out at sub 2p (inc VAT) per article. Think how much our big red flag calls on the AIM frauds have saved you and hot tips like IQE have made you. Its a nil brainer....it's madness not to sign up.
Heck it is on twitter so it must be true as you can see below
On the agenda today as I prepare for my weekly coffee morning with my baby son Joshua and the fit young mums is: Andalas (ADL) a joke broker note, MySquar (MYSQ) another RNS which is all smoke and mirrors and a desperate attempt to prop up the shares but SP Angel refuses to force the company to come clean on the lies in the last RNS and the fraud. Pathetic. I look at Interserve (IRV) and its latest dire news. We did warn you. I "out" the company that was truing to raise $15 million via Cornhill yesterday. I look at former ZAI clients whose days on AIM are numbered and finally I read across from yesterday's Horse Hill trade involving Regency (RGM) and Alba (ALBA) to show just how monstrously overvalued is, out of cash and desperate to place, UK Oil & Gas (UKOG)
Oh dear, oh dear. This is pretty simple maths although clearly beyond the wit of clueless Nomad SP Angel but in this podcast I demonstrate clearly another slam dunk lie in the MySquar (MYSQ) trading statement of last week and corrected version of this week. Time for another correction? But it gets worse. I remind you of what SP Angel needs to establish to show that MySquar only breached AIM Rules rather than committing wholesale fraud (ref July sales) but now suggest that its claims re September comparatives might bear scrutiny as well. And there are some very fishy rumours coming out of Singapore that SP Angel might consider as it decides whether to quit or not. I move on to cover Paternoster Resources (PRS) after its latest bad news and explain why its NAV is illusory and then ask readers for help in outing which oil & gas stock Cornhill is raising $15 million for today at a discount of 12% to some share price or another.
Yesterday I flagged up the crazy valuation of Doorsteps.co.uk and how, egged on by some misleading marketing, it had managed to raise large sums on crowd funding website Crowdcube. Thus it now has cash - which it will burn fast on its flawed business model - but which will put even more pressure on prices and volumes at Purplebricks (PURP). Sadly it is not an isolated case. Meet I Am The Agent Limited.
At last we have the details of the RTO of an e-commerce womenswear operation into cash shell Orogen (ORE). It is game on - this one will soar.
I apologise to another Anglo-Irishman for the misquote. The advertising watchdog the ASA has for the fourth time in 18 months slammed Purplebricks (PURP) for lying to potential customers. Let's bve clear: companies with a good product can afford to tell the truth. Natch Purplebricks says it has changed its adverts and there is nothing to worry about. But that is on just two days data....
UK Oil & Gas (UKOG) is almost out of cash and the see-through from the latest Horse Hill transaction shows that at 4.775p, a market cap of £169 million is absurd as I explained HERE. So at what price will the rescue £5-10 million bailout be priced a?. We know that it was offered some cash at 2p a few weeks back but that was before all the bad news. With a placing surely imminent the deadline to vote in this reader poll is midnight tonight (19 October)
Avanti Communications (AVN) is now operating without its founder and, until recently, its CEO, the king of the uber Welsh ricks David Williams. Say what you like about a man with an ego the size of Powys, but he was a good bullshitter. Without him keeping the plates spinning and proimising everyone jam tomorrow, the drowning in debt satellite company which never hits any of its targets, would have been toast years ago.
It is on the LSE Asylum so it must be true. This moderated forum censors readers who say express bearish stances on frauds like Cloudtag (CTAG) and MySquar (MYSQ) but gives its readers free rein to discuss my mother's suicide or to, oh the irony, commit market abuse by knowingly spreading an untruth that I have committed market abuse by telling you to sell as I buy. And like moths to a flame they all leap to discuss this obvious lie in great detail.
I cannot get used to calling the company formerly known as Regus the new comedy name of International Workplace Group (IWG). Perhaps David Brent had something to do with the change of name... Anyhow the newish name has not provided much luck today with a 30%+ dumping in the shares.
Specialist recruitment group Prime People (PRP) was a former recommendation on the Nifty Fifty website, though we opted to play it safe and sell towards the end of last year – with macroeconomic and some trading concerns. I today note a (rarely good sign) intra-day “Trading Update” announcement from the company…
Despite a conditional takeover offer “of approximately 67-76 pence per share” currently remaining in-play, shares in San Leon Energy (SLE) remain depressed – at a current 25p offer – following recent newsflow.
Natch the AIM listed uber dog Sabien (SNT) never got around to mentioning it but, like Purplebricks (PURP) today, it was censured by the Advertising Standards Agency, ASA, back in January 2013. Good companies just do not need to mislead clients.
Investors face a big difficulty as the world is experiencing a record synchronous growth phase, but an increasing number of assets are becoming overvalued just as fundamental risks grow in the background. Should investors continue to dance to the tune of central bank stimulus and low volatility, or prepare to exit?
Hello, Share Hearties. No mistake about it, Centrica (CNA) is a well-run company and a huge entity. Its market cap is £9.6 billion. But as we know, the expression ‘Too big to fail’ does not always work. Many of us will have lost money on British giants that went pear-shaped, like BT, British Energy, Northern Rock, RBS etc. And Centrica does not seem to me a rosy share to hold or buy at the moment.
Hello, Share Monkeys. I’ve not covered ASOS (ASC) before, as I know it causes a lot of us some pain. I hardly know one investor, among my city gang, who has not sold the damn shares too early. Everybody knows the legend. ASOS is the share which is probably the most quoted when we lament to friends how much we could have made.
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