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Oh dear, oh dear… I have warned you numerous times to sell shares in Iofina (IOF) because it was burning cash and set to run out this spring and today the company has finally fessed up and admitted that I was right all along. The shares have collapsed by 56% to just 24.5p. So Numis (who reckoned a month ago that the shares were worth 156p) how much do you pay the analyst who served up that crap? Give my cat his job instead!
After declining 1.90% last week, the U.S. Comex gold futures dropped another one percent week-to-Tuesday to $1,281.10. The price rebounded 0.30 percent during Asia Wednesday morning. The S&P 500 Index climbed 0.79% this week while the Euro Stoxx 50 index jumped 1.39%.
Manchester United's ten month disastrous flirtation with David Moyes is over. To many, he had been a "dead man walking" for months. Despite long-terms critics, like myself, incessantly calling for his head even before he was appointed, the prevailing mood among the faithful had been to tough it out.
I used to own a fair amount of Red Emperor (RMP). I ditched the lot once I finally realised that the management team of this company is, to all intents and purposes, on an extended paid leave of absence and nothing was going to happen. Even so, I decided to take a look at Red Emperor again in the spring, on the off chance there might be some progress in Georgia. After Range Resources’ (RRL) announcement yesterday I wish I hadn’t bothered...
Over the weekend yet another employee of the Financial Regulator, the FCA, was in touch asking to link up as he enjoyed my writings, found them most educational and thought we knew many “good people” in common. Cripes the TW Fan Club at the FCA is growing apace. In view of that I have sent them an urgent request regarding Quindell Portfolio (QPP) as someone HAS to be prosecuted for market abuse and sent to prison.
Despite Range Resources’ (RRL) best efforts to paper over the cracks with yesterday’s RNS, it was last Thursday’s announcement which really caught my attention. According to this, the company owes $6.5million to Platinum Partners, in separate loans, and this amount is due by April 30th. If news of these loans comes as a bit of a shock to you, I’m not surprised. Let’s just say that Range’s approach towards revealing details about this material change in its financial condition was, how to put this, a little unorthodox...
Were there dirty tricks afoot, when questions were raised about the strength of Astra Zeneca’s (AZN) pipeline? I recall it because I took the trouble to write a note in reply, on the 5th of March, rebutting the suggestion. I attributed this rumour to the fact that the share price had performed well and was full of profit having risen by more than a fifth since October 2013; thus presenting an opportunity for sell side business. How ironic that some six weeks later, the US drug company should be reported as sounding out the Anglo/Swedish AstraZeneca (AZN) about a bid it wishes to make for the company?
Hello Share Garners: The old Footsie is on the march, again. Not that I'm surprised. I've been rattling on for months about how the big UK index will soon break through that elusive 7,000 barrier.
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Richard Proksa of MoneySwap (SWAP)
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by John Wisbey of Lombard Risk (LRM)
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Tim Baldwin of TXO
Tickets for the 2015 UK Investor Show featuring 50 star speakers including Chris Bailey, Nigel Wray, Vin Murria, Cassandra Harris, Evil Knievil and Ben Edelman are available now at a special early bird 50% discount rate - you can book HERE!
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Thierry Laduguie on Sentiment Indicators
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Andrew Bell of Regency Mines (RGM)
Direct from the Queen Elizabeth Conference Centre a video featuring an explosive UK Investor Show 2014 presentation on shareholder activism by Tom Winnifrith, Paul Scott, Roger Lawson, Nigel Somerville, and Richard Heman
I have just come down from a Greek mountain and picked up a call from Lucian Miers on Quindell (QPP) vs Gotham City Research. Quindell says that it is consulting its lawyers about the 74 page research report published today. We shall see.
Following an early afternoon collapse in its share price (down by more than 56% on the day to 17p at one stage), Quindell plc (QPP) has announced that it “is aware of the publication today by Gotham City Research LLC. The board rejects the assertions raised in this note and considers the note to be highly defamatory, deliberately misrepresentative and entirely rejects the conclusions that are made”. The following updates with the shares having closed the day approaching 40% lower at 23.75p.
Shares in AIM-listed gold producer from Azerbaijan, Anglo Asian Mining (AAZ) have fallen approaching 17% on the back of a first quarter of 2014 production update which has seen the company’s gold production target for the year reduced from 80,000-90,000 ounces to 62,000-67,000 ounces. The following updates with the shares at a current 16.25p, capitalising the company at just above £18 million.
There was an up-spurt of bullishness on bank shares in the thin market preceding the spring bank holiday. That included a surge in the price of Close Brothers Group (CBG) a small-cap (£2 billion) financial operation that consists of what is primarily a trade finance bank, an asset management business and market maker in smaller equities – Winterferflood Securities. Can Close Brothers build on these gains?
Hello Share Folk. Well, now that the boring Easter break is out of the way, let's get down to some serious share shifting.
Philately is a pursuit that many view on a par with watching paint dry, but it can involve large sums of money. When it comes to stamp collecting, and other similar investments, Stanley Gibbons (SGI) is probably the best known company in the business, having been established back in 1856.
It is not as if Optibiotix (OPTI) management do not put their money where their mouth is. Just a few days ago chairman Neil Davidson splashed out £150,000 buying shares at 71p. Now we have news of an option package for three senior staffers including Davidson. No options….one way bet… nooooooooooooo you scream. No. Read the RNS.
For those of you who are contrarians you will have heard the quip by Baron Rothschild that the time to buy is when there is "blood in the streets" and by extension, the time to sell is at the point of maximum euphoria - "this time it is different" are the kind of words that should make you bridle.
Thank God for small mercies. Now we can start a rota on who has to listen to Brokerman Dan blathering on about blockchain and what a frigging genius Clem Chambers is. For now there is a third rogue blogger joining us as we walk the 32 miles from Horse Hill to Woodlarks on July 28. He is a man who knows Horse Hill well…
I’ve been following darling of the bulletin boards, Versarien (VRS) for some time finding the ever-increasing share price more and more incredulous. I thought I would use today’s results to take a closer look and come up with a considered valuation. In short, this appears to be the in the top 5 most overvalued shares on AIM – get out while the going’s good!
The extract from the Land Registry below is in the public domain and looks like a huge misunderstanding to me. Worthington (WRN) may be in administration but it seems the FCA have a few questions for its former boss Doug Ware. I am sure there is a perfectly innocent explanation for all of this.
Maybe Julie "Lingerie on expenses" Meyer MBE has other problems to consider? Take it from me that she does. There is more to follow, the wheels are a turning. But perhaps she or her uber expensive bully boy lawyer Julian Pike might answer a simple question for me. It relates to ASX listed Norwood.
Oh dear, I sense that in my adopted home of Greece there are a few folks heading for the slammer in connection with the Folli Follie Fraud which we helped Gabriel Grego to expose on this website. It seems like just the other day that burly security guards were chasing me away from its HQ North of Athens, as you can see HERE.
I recorded this on my last night in Greece. As you listen I shall be starting the trek back to Bristol. I appeal to those yet to donate to the Woodlarks charity walk by myself, Lucian Miers and Brokerman Dan to donate HERE - we are at 69% of our £20,000 target and every cent pledged will make a difference. Thanks to a reader for spotting a court case involving Safestyle (SFE) which is utterly shocking - I reckon this makes the stock uninvestable. I then take issue with the analysis of a City pal of Chris "three brains" Bailey on the matter of fraud.
I’ve touched on Immunocore a few times in passing as it one of the largest holdings in Woodford Patient Capital Trust (WPCT) as well as being the largest investment made by Dublin-listed Malin Corporation, of which Woodford is the largest shareholder, obvs! Well, it looks like it’s not a particularly happy ship and I wonder whether a (further) devaluation is required?
Previously writing on SRT Marine Systems (SRT) in April, I concluded with previous delays and a current market cap of more than £30 million, I await to see evidence it is actually on-track as well as the cash flow and the balance sheet. Today a “SE Asia Contract Change” announcement…
I assume that dividend munchers are feeling a bit glum today as the FTSE 100's most boring company (as I previously dubbed it HERE), Scottish & Southern Electricity (SSE) is seeing its shares fall by 3% odd percent. So what is going on?
HaloSource (HALO) “is pleased to announce that it has received initial orders for its new astrea ONE lead filtering bottle from its first retail customer in the US”. Hmmm, promising or ramptastic?...
Previously writing on Hotel Chocolat (HOTC) it was interims emphasise “another period of strong progress”… but progress enough for the valuation?. Now a trading update for the company’s year ended 1st July 2018…
Shares in Be Heard (BHRD) are currently the leading fallers today on the back of a trading update. The digital marketing services group though commences that with revenue up to more than £14 million, including 15% like-for-like growth. So what’s the problem?...
I commented on the lunatic management at Premier Foods (PFD) a couple of weeks ago HERE, who, after turning down a perfectly good bid, are circling the wagons against activist investors who want to help to start to create value by booting out the CEO. I could not agree more with their assertion that the CEO's tenure is 'five year of failure'...
Hello Share Shapers. Royal Mail (RMG) is not a share I would buy more of. I will however hang onto those I do have for a while longer. Though I really ought to be looking for a good exit point I think.
Previously writing on Goals Soccer Centres (GOAL), with the shares down to circa 75p I cautioned with the trading update, currently awaiting a new CEO and the Chairman admitting “our recovery plan remains ‘work in progress’”, I certainly continue to avoid. Today a further trading update – and the shares currently down below 70p…
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