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…
International PR and marketing services group Next Fifteen Communications (NFC) has updated that for its year ended 31st July 2013 “adjusted profits will be modestly below the previous year”, though “thanks to new client wins and the investments made, the group anticipates good progress in the financial year just commenced”…
Following its results release for the first half of 2013 last week, I concluded that although shares in Cape plc (CIU) - at then around 280p – traded below the oilfield service sector average there looked good reason for this – see HERE. The following reviews some of the further broker reaction to the results…
Specialist foundry and engineering group Chamberlin (CMH) has announced the appointment of Kevin Nolan as Chief Executive with effect from 9th September and confirmed that David Roberts has today taken up the group Finance Director role. At a current 105p, the shares have recovered well in recent weeks having commenced last month at 76.5p and the following updates…
Today is day five, the final day and our last two picks are detailed in the link.
Jim Ellerton was toast the moment his sworn under oath deposition from Dillabaugh vs Ellerton fell into my paws. Late last night the 200 page transcript of that case arrived with myself and Dan Levi. We are still analysing it in full so won’t publish it yet but if Jimmyliar thinks it will could have saved him he is wrong.
The last time that the retail punter got stuck into Solgold (SOLG) was in 2010 when it was about to discover vast amounts of gold in the Solomon Islands (it was then known as Solomon Gold). The stock went from 5p to an intra-day high of 70p in a matter of days allowing the company to raise £15 million at 28p in October of that year.
It is a delicious double irony of political philosophy and commercial pragmatism to learn that the China National Tobacco Corporation had agreed a deal with British American Tobacco (BATS) to sell the late Chairman Mao’s favourite puff, State Express 555.
Dr. Neil Adshead joined the world’s best known resource investor Sprott Asset Management LP in early 2012 as an Investment Strategist. He does not hold back with his views – note what he says about company generated value models. Ouch.
Nigel Wray's family buys the UK Investor Show, confronting the new takeover code, five buy share tips (and three sells), plus what are they drinking in Scotland?
Another bad day at the office for Britain's most conceited fund manager Neil "nomates" Woodford. There is yet more bad news at Vernalis (VER) now 9p having collapsed again - Nomates has been a big cheerleader after all prior disasters saying Mr Market is wrong. Whatever. Then there is the issue of IP Group ( IPO). Elsewhere I takje another look at IDOX (IDOX) where I am even more bearish and then at Tungsten (TUNG) which looks all wrong. I also comment on Dialight (DIA) , The People's Operator (TPOP), On Line (ONL), Milestone Group (MSG) and a chat with Mark Slater on a pub company which is just the wrong price.
That Larry Cummins of Black Cactus is a proven liar is now widely accepted. What is stunning is that AIM listed Milestone (MSG) whose entire market value is based on the belief that a deal with Black Cactus is worth something has failed to comment. Maybe the Securities & Exchange Commission in the US will force its hand.
There are two things I know about 2017. The first is that I had not one but two inaugural trips to a Sports Direct (SPD) store (and survived) and the second is that the omnipresent but embattled retailer should have been my tip of the year the thick end of a year ago. However in this world we must look forward and that brings me to today's first half profits at Mike Ashley's emporium.
AIM-listed Minoan MIN) has issued a Trading & Financing Statement at 1.41pm. Happily, it does not look like a howler - good news there! Sadly there is no deal involving Cavo Sidero - we will have to wait a bit longer for that. But we do get an update on its loan to Hillside and on trading at its travel agency, and we are told the preliminary results are expected to be in line with market expectation.
Shares in BOS Global (BOS) a company teetering on the edge of insolvency and where the Nomad has already announced it is walking now trade at 0.85p-1p. Beware: broker Peterhouse is trying to do a placing at as little as 0.1p. I have written to Peterhouse in the spirit of the season as you can see below.
On 24th November CEO of LED lighting and portable power products and wiring accessories company Luceco (LUCE), John Hornby sold £4.69 million of shares at 234.53p each “principally to settle personal tax liabilities” - and “for further information” it was to “contact David Main, Chief Financial Officer”. Today, three weeks later, there’s a “Trading Update” announcement. All good then you’d presume.
With Milestone Group (MSG) still unable or unwilling to put out an announcement to its shareholders about its relationship with Lyin’ Larry Cummins, I thought I would keep the pressure on with a couple of snippets that I find amusing about the fraudulent front of the man. I mean he’s not a writer, gardener, ballet dancer or boxer from Boston but I still find it amusing.
Telit Communications (TCM), the AIM dog founded by Boston fraudster Uzi Katz and now run by insider dealer Yosi Fait has now clarified its most recent profits warning of 23 November. There is good news, bad news and very bad news indeed. And there is a lack of news on one front which is also bad news. In short this stinks.
I have pointed out earlier that Peterhouse Corporate Finance has real issues in trying to get away a placing at 0.25p or perhaps 0.1p in AIM dog BOS Global (BOS). With the shares at 0.7p bid some may be tempted but before they send cash over to broker Peterhouse they do know the broker cannot do a placing don't they? Er.. something else Peterhouse is not telling its clients maybe?
Previously writing on Safestyle UK (SFE) just over 3 months ago, it was hopefully my warnings were heeded as now a “material” profit warning. Despite slumping to below 170p, I concluded that until there are at least signs of some stability, I’ll certainly continue to avoid. Now a further Trading Update…
AIM-listed Tern plc (TERN) seems to be a good few steps ahead of fellow AIM-listed UK Oil and Gas (UKOG) in the self-inflicted terminal slide as a result of signing up to a death spiral funding package. Indeed , on the day Tern announced the deal the shares collapsed from over 5p to under 4p. They now languish at 2.625p mid: Impressive stuff – unless you are a shareholder.
Peterhouse Corporate Finance was yesterday sent a letter by me urging it to make potential placees aware of the massive regulatory risk directors of BOS Global (BOS) face from ASIC ahead of any fund raise. I am sad to say that Peterhouse appears to be ignoring my generous advice driven by the season of goodwill. Meanwhile the share price is slumping - now just 0.7p to sell - as the broker hits the phones.
Hello Share Combers. It’s that jolly time of year when our minds drift towards being entertained, rather than doing any work. Though you probably agree with me that the two weeks before Christmas are incredibly stressful, given the joint burdens of festive preparation and working as usual. So let’s have a look at a big name in film and tv production...
Business recovery, financial advisory and property services group Begbies Traynor (BEG) has announced results for its half-year ended 31st October 2017 and that “the group is in its strongest position for many years”...
Hello, Share Skimmers. For the simple reason that the share keeps on rising and has just powered through its record high, I return to Photo-Me (PHTM).
Not just a contract win, but a “Significant Contract Win” announcement from Corero Network Security (CNS). Ooooh. With results for the first half of 2017 having shown an increased loss of $4.8 million on revenue only slightly higher to $4.8 million – and this following a more than $8 million loss, even on an adjusted basis, for the 2016 calendar year, what’s the “significant contract” detail?...
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