VSA Resources has revised its forecasts for fully listed mining stock Kenmare (KMR) and argues that things are looking better. And it has thus increased its target price from 22.4p to 25p but with the shares at 30.5p it has reiterated its sell advice.
AIM-listed, UK-focused physical document management and office relocation business Restore plc (RST) has seen its market cap today move above £100 million on the back of an AGM trading update. This is a company I began covering as a turnaround story when the shares traded at 28.5p - capitalising it at then little more than £13 million - in November 2010.
In terms of what can be seen on the daily chart of Altona Energy at the moment it can be said that we have a classic mix of positive reversal signals that should be more than enough to turn the stock around in a significant way after an extended bear run.
A few weeks ago I described Genel as being a rich man's Gulf Keystone. Ironically it would appear that in the wake of the latest Kurdistan oil discovery from the two groups, Genel may have itself contributed to help making Gulf Keystone a rather richer version of itself than the bears may feel comfortable with.
For the past couple of days I have been sitting back contentedly watching the share price of Sound Oil start to bubble up, happy in the knowledge that its charting praises had been sung here on ShareProphets already, and ready to take a bow over the next week as the stock soared. Unfortunately, this will be the first technical analysis of this much followed E&P minnow.
Provider of portable accommodation, Snoozebox (ZZZ) listed on AIM just over a year ago at 40p per share and the shares rose to trade at more than 75p in January of this year.
Cupid (CUP) is starting to unravel far faster than I imagined. A statement yesterday is really pretty grim. It contains three elements which I discuss in turn.
As most of us are probably aware, apart from holidaying in Ibiza, there are few things more exciting in life than the world of international mobile solutions, the sphere in which Globo occupies. Last month the software as a service provider reported that annual revenues were up over a quarter on sales of its smart phone technology. But the real interest at the moment may come from the latest price action where it would appear that a break out is imminent.
Following its recent $6 million placing at 38p NetDimensions (NETD) announced a detailed five year plan. The company is nothing if not ambitious and says that it aims to be a leading provider of talent and related compliance management solutions for highly regulated industries.
On the face of it we can say that the loss of the initial 3p support level of 2013 for Range Resources in the second half of May suggests that not only is a new bear phase about to begin for this highly followed stock, but that the target is now as low as 2p. But is this too negative view on a company where most traders are long and still expecting great things?
Old Park Lane has published a detailed by note on Leni Gas & Oil (LGO) suggesting that the shares are a clear buy at 1.05p with a 2.5p target price.
Shares in Idox plc (IDOX), an AIM-listed supplier of software and services to the UK public sector and global engineering information markets, presently trade more than 18% lower today, at a current 37.5p, as the company has reported a “disappointing” first half year (to 30th April) performance “impacted by delays in new Engineering Information Management licence sales in particular”.
Today's plunge for IDOX shares certainly seems to have ruffled the feathers of bulls of this stock if that is not mixing metaphors painfully. However, as can be seen from the daily chart since start of the year the decline has not been an overnight affair, and despite the losses we have already seen, there could be more to come once the dust has settled on the latest gap to the downside.
Since I last updated on AIM, Canada and Peru-listed, Latin America-focused gold miner Minera IRL (MIRL), the company has affirmed that it “expect to receive final approval for the Ollachea Environmental and Social Impact Assessment during the second half of 2013”.
So far in May we have been treated to a bear trap rebound from below 90p following a brief break of the 2012 triangle formation. The question now is whether excite energy shares are finally ready take off after the recent well-received $15 million deal?
Having managed to get knocked back from Oxford (twice), Cambridge and Harvard Universities at the interview stage, I would be the first to admit that on occasion I may not be as fast off the mark as others. Nevertheless, albeit in tortoise like fashion, the main uptrend line for Quindell Portfolio chart has been identified today.
It can be said quite fairly that shares of Red Emperor could have been wrongly identified as a potential bargain-hunting opportunity at any time over the past nine months. Clearly the key here is to suggest the extended bear run is over no more than a few days before this actually happens.
Perhaps quite understandably there is very often a delay between the appearance of a stock on the bulletin boards/the most followed, and the share price action moving in a positive direction.
Kalimantan Gold (KLG) is listed on the TSX as well as the Cesspit and its quarterlies out today tell a familiar story.
In this bonus podcast prompted by recent events at African Potash (AFPO) and ADVFN (AFN) I look back on other bouts of market insanity. There was the radio boom of the 1920s and the dot com boom of 1999-2001 but is the blockchain bubble at 1999, 2000 or 2001? Among the companies also mentioned are On Line (ONL), Vela (VELA), Milestone Group (MSG) and Coinsilium (COIN), where we have a small holding. Madness, my friends, is in the air.
Last month the Jupiter Merlin group which, at one point, had £942 million invested in funds managed by Neil "nomates" Woodford announced that it was pulling out its last monies. Now another big investment group has given up on Britain's most self important fund manager. Aviva, one of the largest savings providers in Britain, has had enough.
Shares in Angus Energy (ANGS) have plunged by 36% to 17.125p today after news from the Lidsey Field which cannot be described as anything other than disappointing. Hope meets reality. At some stage the same process will see shares in UK Oil & Gas (UKOG) crash. Let's start with Angus.
Malcolm outlines a strategy today for playing AIM Casino stocks which I regard as folly. I explain why it could go disastrously wrong in two ways. Then I look at the wider asset bubble in relation to art, soccer players, real estate and new media and how that impacts on the stockmarket and will, in due course, implode.
I start this podcast with a look at Carillion (CLLN) where I wonder if Steve's damning verdict HERE is just a bit too generous. The boy is too much of a nice guy for his own good. Then it is onto the FRC which will be writing to 40 AIM and Small Cap companies ahead of them publishing FY numbers. I have a few ideas who and on what areas. The FRC are of course the UK's best regulator if only for recognising the work of the UK's top investigative financial journalist. Then I look at Angus Energy (ANGS) and finally there is a detailed discussion on MySquar (FRAUD)
Whilst many private investors go chasing rainbows and hoping for one of their oil and gas exploration plays to hit black gold, there are actually a number of AIM listed outfits which are already producing, yet don’t seem to be as popular as they are unlikely to generate large share price rises overnight.
I know sweet FA about GCM Resources (GCM) so you are on your own on this one. It has just announced an Underwritten Fundraise, to raise up to £2 million at a subscription price of 34.4p per Ordinary Share - via Primary Bid. This represents a discount of 20% to the closing mid price on Friday, 17 November, 2017. You can sign up and take part, if you wish, HERE
This is the time of year when I ask you to consider making a small donation to ensure that folks far less fortunate than we all are enjoy some real joy this Christmas. Woodlarks is a charity with whom I have worked for years. It provides a one-off service: full holiday acccomodation for those so severely disabled that they would otherwise not get such a break.
Once a year the Mrs allows me to give a lecture to her sociology students at Bath Spa University. Around 70 attended and and I did not hold back. My lecture was recorded as were the slides. Enjoy!
I suggested last week that the time had come for oil stock promotion UK Oil & Gas (UKOG) to come clean about its financial position and update the market on where it stood on its flow testing at Broadford Bridge. I suggested the shares were a sure fire short at 4.6p.
Carillion (CLLN) topped the top shorted London-listed shares at the start of 2017 (recent performance update HERE) and remained so in our Autumn update HERE. Having commenced the year above 235p, the shares had slid below 200p before a July profit warning, business review and Chief Executive “stepped down” announcement. They are currently down from above 40p to below 30p today on the back of an “Update” announcement…
Hello Share Pinchers. There are times while trading shares when one can consider suspending logic. One mistake a short-term trader can make is to expect strong balance sheets to always send share prices flying. Successful investors have a secret which is now’t to do with a firm’s fundamentals.
Actually I am in Greece on December 4 or at least on my way home after the olive harvest. But, in return for a small donation to Woodlarks, I have agreed to record a video from the Greek Hovel with a few market thoughts and a couple of share tips for Christmas.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
React Group (REAT) admitted last week that it would miss forecasts for the year to 30th September. It states that the unaudited numbers show revenue of around £2.65 million and a pre-tax loss of around £400,000.
This entertaining farce (for the neutral at least) at BOS Global (BOS) moved on a step yesterday with the ex-CEO, Michael Travia, making his move to give him a shot at the assets, most notably the 40% stake In Call Design, but I’m not convinced that it will be as easy as he hopes.
I don’t think I’ve covered 3i Group (iii) before. For one thing, it’s an unattractive brand name, not meaning anything obvious. Secondly, it invests in companies, which we, as canny share shifters, are capable of doing on our own. Then our money is not eaten away by administration costs. But this company is now bowling along and you may want to consider climbing aboard.
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