Veltyco – directors provide bailout loans… but what about after more than a few more months?
“Veltyco Group plc (AIM: VLTY), the online marketing company for the gaming industry, announces that it has entered into separate loan agreements with three of its directors, being Paul Duffen, Marcel Noordeloos and Mark Rosman, pursuant to which each director will provide a loan of €166,667 to the company”. ‘Keep-the-lights-on’ funding then… and for how long?...
- By Steve Moore |
- 1 April 2019, 07:42 |
Video: Not an April Fool, Exeter University awards honorary degree to recognise excellence in fund management
Whatever... presented with no comment.
- By Tom Winnifrith |
- 1 April 2019, 05:52 |
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BREAKING: Tom Winnifrith to Present the 2019 AIM Awards
Following intense lobbying by the team at AIM Regulation, the organisers of the annual AIM awards have today, 1st April, agreed that the presenter of the 2019 awards for excellence on the world’s most successful growth market will be the Sheriff of AIM, Tom Winnifrith.
- By ShareProphets |
- 1 April 2019, 04:59 |
Low & Bonar – warns on current trading, ‘expects improving trend during remainder of year’ BUT…
Announcing a £54 million equity raise at 15p per share towards the end of January, Low & Bonar (LWB) emphasised “a number of key strategic initiatives to drive sustainable improvement in the group's performance and financial position were implemented during Financial Year 2018. Progress has been made in all of these areas… Further initiatives will be implemented during Financial Year 2019 and the board is confident that these actions will build a stronger business and one capable of delivering sustainable growth and attractive, sustainable returns”. Today a “Trading Update”…
- By Steve Moore |
- 1 April 2019, 04:49 |
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Bowleven – interims, while we wait……
AIM-listed Bowleven (BLVN), my buy tip for 2018, has announced its interim results to December 2018. The bad news of that it hasn’t been bought and nor has the Etinde asset off Cameroon - we have a more waiting to do. On the other hand, with a 15p per share special dividend already in the bag, the waiting hasn’t been too painful, even if the shares are down a bit.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 1 April 2019, 04:36 |
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easyJet slides again but time to pull back on the share purchasing throttle?
So another week of Brexit-related excitement awaits. I have almost given up trying to predict the next twists and turns but there is always a practical impact and we have seen this from easyJet (EZJ) this morning…
- By Chris Bailey |
- 1 April 2019, 03:50 |
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BREAKING: Now Illumina sues Yourgene Rival – Great News
In its dark days as Premaitha (NIPT), this company was dogged by bully boy US giant Illumina which tried to put it out of business with a claim for patent infringement. New boss Lynn Rees not only sorted that out but as part of the deal, entered a partnership with Illumina. Now the bully boys are on our side.
- By Tom Winnifrith |
- 1 April 2019, 03:04 |
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Management Resource Solutions – an open letter to Nomad Arden: suspend the shares NOW!
During the weekend in three separate articles I have detailed what an insolvent can of worms is AIM Cesspit listed Management Resource Solutions (MRS) and asked questions that need answering about its latest £1.32 million all share acquisition. The company has failed to answer the matters raised and its shares have plunged another 25.4% to 2.35p today. I have thus written to Nomad Arden demanding that it suspend trading in the shares at once and why. The letter is below.
- By Tom Winnifrith, The Sheriff of AIM |
- 1 April 2019, 02:27 |
Confusing money creation with wealth creation is the road to ruin
Keynes is dead - this is the long run. Confusing money creation with wealth creation is the road to ruin...
- By David Scott |
- 1 April 2019, 01:50 |
What Britain's Top Fund Manager Advises Now
Hello Share Wishers. Those of us who attended the Global Group UK Investor Show this weekend really were lucky. We got to hear bang-up-to-date views and advice from some of the best investors. And do we pay huge amounts for this valuable advice? Do we Bucknall Abbey! But we could sit there and soak it all in. For those who missed this year’s show, allow me to try to give some views of Britain’s best fund manager...
- By Malcolm Stacey |
- 1 April 2019, 01:36 |
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Tom Winnifrith Bearcast: A very old GF was just too "nice" - why the FCA & other regulators are so totally fecking useless
Thanks for your kind emails on UK Investor and also on Uncle Chris Booker. In today's bearcast I go further on the growing scandal we are uncovering at Management Resource Solutions (MRS) and also at Nigel's work this weekend on Neil Woodford. The common feature is a regulatory approached based on box ticking rather than looking at the real underkling swizzle so to protect investors.
- By Tom Winnifrith, The Sheriff of AIM |
- 31 March 2019, 07:10 |
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A German Teutonic train ratio tells you that First Group remains cheap
The train operators certainly do make it easy to invest in them. I read in the business pages of one of the deadwood press publications today that 'a £2.6 billion standoff over pensions threatens to derail a string of train franchises' which could well hit hopes to award long-term franchises in some parts of the country including the West Coast mainline which I live close to. Another problem for that top performing politician Mr Grayling to deal with. Why is his name never mentioned as a future Prime Minister?
- By Chris Bailey of Financial Orbit |
- 31 March 2019, 05:54 |
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Insolvency or massive dilution looks the most likely outcome for Block Commodities ( formerly the African Potash fraud)
I thought that April Fool’s Day had come early when I spotted the RNS last week that Block Commodities (BLCC) had raised money to invest in the medicinal cannabis market and had entered into an agreement to buy land in Sierra Leone for this purpose!
- By Gary Newman |
- 31 March 2019, 05:33 |
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Visiting the Global Group UK Investor Show part two: catching up with Sosandar
I reported back from my visit to the Ariana Resources (AAU) stand HERE but I was also very keen to check in with AIM-listed Sosandar (SOS). My position here is pretty good, having recommended a buy after last year’s UKI and taking profits twice: I am ahead in cash and I still have a little pile of free shares in Sosandar. But with the shares now sitting at just 26p -well down from the peak in the mid-forties – should I buy, sell or hold?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 31 March 2019, 04:31 |
Sunday Long Reads: Sovereign Citizens, Beijing Delivery, Missing Actress, Sober is the new Drunk, North Korean Underground Railroad
Is there anything better than sitting back and reading a well-written article on a lazy Sunday? Every week ShareProphets features some long form journalism that you'll find of interest. Grab your cuppa and enjoy these five articles.
- By Darren Atwater |
- 31 March 2019, 03:58 |
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Visiting the Global Group UK Investor Show and catching up with Ariana
What a day out that was! The Wray family may be running the investor show now, but the sparkle was still there – even if I missed the acid wit of Tom Winnifrith. But it was great to catch up with the other writers at ShareProphets and in particular it was good to call in at two stands – those of Ariana Resources (AAU) and Sosandar (SOS).
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 31 March 2019, 03:37 |
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Ooh Err Mrs … carry on droning, Part 2 - Leon Hogan and Chris Grove, a question
Yesterday I explained why Management Resource Solutions (MRS) was technically insolventand why its propsed £1.32 million all share purchase of drone start up Alerion was a joke that no respectable Nomad would have signed off on. But it gets worse and there is another massive question for hapless Nomad Arden to consider....
- By Tom Winnifrith, The Sheriff of AIM |
- 31 March 2019, 03:34 |
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With a big hat-tip to Citywire, is this the biggest Woodford scandal yet?
Citywire yesterday published an article which stated that Neil Woodford has listed four previously unlisted investments held by Woodford Equity Income Fund on the International Stock Exchange in….er….Guernsey. Surely even Guernsey’s own residents would agree that this is not exactly the London Stock Exchange! But the odd thing is that Woodford himself seems to have been a tad reticent on the matter – I don’t see any headline proclaiming great success in gaining a listing in Guernsey from Neil Woodford! Why might that be? And that appears to be the nub of the issue.
- By Nigel Somerville |
- 31 March 2019, 03:14 |
Notes from Underground: As a remainer, I can only be happy about utter chaos
If you had told me last year that 48 hours after Independence Day we would still be in the European Union, I would ask you have a glass of the same thing that you were drinking.
- By Remoaning Democracy hating elitist Darren Atwater |
- 31 March 2019, 03:13 |
Photo Article: And that's a Global Group UK Investor Show wrap from me
I've been part of ever one of Tom's investor shows since 2008, where as a new employee of t1ps.com, I was assigned to watch the door of a breakout room. This is the first year that I have largely seen it as a punter.
- By Darren Atwater |
- 30 March 2019, 09:18 |