Entertainment One (ETO), the London main market listed producer and distributor of film and television content, has updated that “full year earnings are anticipated to be in line with management’s expectations” on underlying revenue up 11% in the 10 month period to end January. The shares have risen from a 13.5p low hit in the depths of the markets 2009 despair to a current 188p. They did however trade above 200p in late 2011/early 2012 and, with a present market cap in excess of £500 million, the following offers my current take here…
A raft of announcements have been made by Sirius Minerals (SXX) today but amid the verbage the clear drift is not positive. The shares are off – at 25.25p – but the company is still valued at £339 million. That simply cannot be justified.I did suggest that holders at least top slice on January 31st at 27.75p as bulletin board frothed with excitement on news that the company had submitted a planning application for its Potash mine on the North York Moors – you can read that piece HERE
Bear raiders Lucian Miers and Evil Knievil are meeting for lunch today. I know, as I was invited but my liver is not up to it. However the main course should be humble pie. The bears predicted that Avanti would miss its targets at the interim stage. Moreover the results demonstrate very clearly that it is already more than two thirds of the way to hitting 2014 (not a misprint) numbers and that it continues to win business. The shares are a buy at 265p and could move sharply as the bears are squeezed. I sense that margin calls could well be served up at Evil towers today in time for pudding.
Telecom Plus (TEP), which trades as the Utility Warehouse and supplies a range of utility services (gas, electricity, fixed line telephony, mobile telephony and broadband internet) to both residential and business customers in the UK, has updated that a “continuing strong performance” means it remains “confident of reporting full year profits in line with current consensus market expectations”. The shares trade at 980p on the back of the announcement and are up from sub 300p on a three year view and from sub 650p on a one year view. With a market cap now of approaching £700 million, the following reviews whether there looks to remain value in the shares…
Shares in big data provider WANdisco (WAND) have raced ahead by 62.5p today on the back of a new product launch. For those who followed my advice to have a nibble at 493p on January 6th the reward is pretty clear. That WANdisco is making progress is without doubt but are we all getting a bit ahead of ourselves?
AIM listed GMA Resources (GMA) has just returned from an eight month suspension. A cash shell (with not a lot of cash) following the failure of its last hydrocarbon business venture it has now announced a RTO which will see it owning 90% of two mining assets in Kazakhstan. The shares returned from suspension on February 5th and promptly soared to 0.9p which in effect valued the business at £700 million. That forced the company to issue a statement re-explaining its share structure – in effect saying its stock was overvalued. The shares still trade at 0.24p but are still at least 60% overvalued.
Following from my piece on AIM-listed GB Group yesterday, I today comment on a fellow AIM-listed tech stock which also updated on trading towards the end of last month; Craneware plc (CRW). Despite its name and its being incorporated and headquartered in Scotland (Edinburgh), the company is actually a software provider focused on the US healthcare market. With offices in Atlanta, Arizona, Massachusetts and Tennessee, its software helps hospitals and other healthcare providers more effectively price, charge, code and retain revenue for patient care services and supplies – increasing their efficiency and minimising compliance risk. The following reviews the company’s recent trading update and investment outlook…
Russian Oil producer Ruspetro (RPO) has served up another shocking statement this morning – its habit of delivering nasty surprises does not change. Having advised a short at 83.5p on January 4th I suggested on 25th of January that having refinanced its debt it was “merely one to avoid.” The shock today is that it has decided not to refinance its debt or to undertake the partial debt for equity swap announced on January 25th. This leaves its cash position looking very tricky indeed and at 50.5p the shares are once again a sell.
Shares in AIM-listed GB Group (GBG) have been strong performers over recent years – commencing 2010 trading at 21p, they currently trade at 94.25p – capitalising the company at more than £100 million. Following a trading update last week, does value remain here?
Imagination Technologies (IMG) is clearly a good company. It is profitable, it is growing its sales rapidly, there is operational gearing and it generates cash and has a net cash position. It ticks all the boxes and is thus loved by investors retail and institutional. But at 523p the company is capitalised at £1.37 billion and on the basis of what is known that share price looks overheated. The shares are a sell.
After many years of scratching around Southern Africa for a project with real prospects AIM listed Boabab (BAO) appears to have found something that could be a winner in the form of the Tete pig iron/vanadium/titanium target in Mozambique. With iron ore stocks all rallying sharply in the past two or three months on the back of hopes of resurgence in Chinese demand, Baobab shares have raced ahead to 35.75p which values this company at £106 million. This is a stock that has now got far ahead of its fundamental value and I can reveal that last week well known bear raider Lucian Miers opened up a short. That is a good call which you should follow.
Earlier this month I advocated a purchase of National Grid (NG.) for dividend yield. This week the company published its interim management statement for the period 1 October 2012 to 28 January 2013. It seems that my reading of the runes were pretty much correct. Regulatory management is shown to be going according to plan and shows no obvious signs of not moving into an expected new dance like embrace of mutual understanding and agreement between the regulator and company for the years following 2013.
I commented previously on London and Australia-listed, Philippines-focused gold producer Medusa Mining (MML) earlier this month. Earlier this week the shares suffered a bit of a setback on the company’s publication of its quarterly activity report (to end December 2012) which has spooked some investors into selling. On balance that is, in my view, a mistake.
AIM-listed Sirius Minerals (SXX) has announced it has delivered application documents for the onshore mining and mine access infrastructure for its York potash project to the North York Moors National Park Authority. This news on what is a potentially significant development in the UK has helped shares in Sirius – which commenced 2010 at sub 5p and 2011 at sub 14p – slightly higher to a current 27.75p, capitalising the company at £373 million. The following reviews today’s announcement from the company and the investment proposition here…
AIM-listed, Russia producing miner Highland Gold (HGM) has published a calendar 2012 trading update which reads very well. There was an 18% increase in group wide production to a record 216,885 ounces of gold and gold equivalents, exceeding guidance estimates of 200,000-215,000 ounces. The shares have ticked up to 114.5p on the news capitalising the company at £372.5 million. I wrote positively on them, at 91p, shortly before Christmas so I am already partially vindicated. But this re-rating has a lot further to go.
On Christmas Eve I noted that there looked to be value in shares in main market listed Aquarius Platinum (AQP) at 55p. Earlier this month the shares hit more than 75p but currently trade at 62.25p, capitalising the company at £296 million, following the announcement today of production results for the quarter ended 31st December 2012. So is it time to bank gains and sell?
Shares in all of the Falklands oil plays are ahead today thanks to a presentation by Border’s & Southern (BOR) which seems to have excited a few folk although to me it seems to contain a lot of ifs and jam tomorrow. I remain bearish on that stock but even more so on Falklands Oil & Gas (FOGL) , shares in which are 3% ahead on the Borders hype at 32.5p. I have been a long time bear of this company and would regard this temporary spike as an ideal cue for shareholders to get out for reasons that I explain below.
Russian Oil Producer Ruspetro (RPO) has announced a partial debt for equity swap and refinancing of its remaining debts. This is good news. However before those who ignored my advice to sell at 83.5p on 4th January after an almost comical well after hours profits warning start to celebrate this company still faces serious issues. The shares have bounced back to 49.5p but while they are no longer a short I would still regard them as one to avoid.
AIM-listed provider of mobile, Software-as-a-Service and telecom software products and services Globo Plc (GBO) has today announced that it “has achieved a financial performance for 2012 ahead of market expectations” and that, having completed a “transformation into a truly international technology vendor in the hottest place in the technology market today”, it aims to continue doing so. With, on the back of the trading update, the shares currently more than 6% higher at 29.5p, capitalising the company at £100 million is it too late to get on board?
Earlier this week Afren plc (AFR), a FTSE-250 oil and gas exploration and production company which despite its size remains a darling of the Bulletin Boards, updated investors on its performance in 2012 and its outlook. This review helped the shares up to 152.5p although they have subsequently slipped back to 147p which capitalises the company at £1.595 billion. Chartists will note that 152p proved a resistance level ten months ago and failure to breach that level ( which had been support a ten months prior to that) saw the shares fall back to 100p. But I’d rather burn my West Ham season tickets and start supporting Spurs than become a Technical analyst and so I review the fundamental case.
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.
I start off with a cheque received for 29p. Then as we see the Purplebricks (PURP) share price start to melt I look at hard maths and explain why the shares will collapse from here. I look at the Rose Petroleum (ROSE) placing, misleading comments from worthless crap Strat Aero (AERO), dismal interims from shamed lifestyle company Magnolia Petroleum (MAGP) and then at Intelligent Energy (IEH) which looks like a zero in waiting.
Uber has lost its London license thanks to Transport For London (TFL), a move applauded by useless Mayor Sadiq Khan, The Guardian, the BBC and black cab drivers. But it is very bad news indeed for London and I explain why. It is symptomatic of a new era of economic madness as is Theresa May claiming giving £20 billion (it will be more) to the EU is a good deal and our useless PM also trying to satisfy the greed of lazy and overpaid public sector workers. Perhaps the biggest sign of this madness and wish for economic hari-kiri is Labour's plan to renationalise the utilities. It is utter madness but no one dares say so. We are heading faster and faster towards the precipice my friends.
This week's Bulletin Board Moron contest is sponsored by Nyota Minerals, a company that has more lives than all of our reader's cats.
Last night at 5.25pm Nyota Minerals (NYO) announced that its shares were being booted off the AIM casino. The roll call of shame on this one is appalling. We have AIM Regulation, broker Peterhouse and the directors of the company seemingly all at fault here, not to mention former Nomad Beaumont Cornish and two further Nomads, ZAI Corporate Finance and Allenby being dragged in. It is a true horror show. But rather than look in the mirror, the directors pointed the finger at ShareProphets – blame the media, the investigative journalists, blame evil Tom Winnifrith and myself, Nigel Somerville. This is shocking.
Hello, Share Poppers. It’s always a pleasure to listen to comment from readers of this terrific website. So a few months back, I bought some shares in Aeorema Communications (AEO), as one of my readers said they couldn’t understand why the stock of such an award-winning company was not doing much better.
Shares in HaloSource (HALO) are currently around 20% ahead on the day, heading towards 2p, on the back of an “Agreement with Seven Step Ecotech” announcement. Turnaround time for this Woodford dog then? Er…
This is a share tip that has not worked out. We are well down on the 37p offer price of January - our timing was imperfect. To be fair, we advised averaging down a week or so ago at a 24p offer. Shares in the geoscience and geospatial group Getech (GTC) are now 26p offer after a very good trading update and at this level they are a strong buy.
Well it did arrive in a brown envelope! The eagle eyed among you will see that I appear not to have cashed the last cheque from this source, for 51p. I think I lost it. But I'm now entitled to 80p as a result of being a loyal shareholder in the London Stock Exchange (LSE). Of course my real "dividend" is being able to attend the AGM to berate the hapless head of AIM Regulation, Mr Marcus Stuttard. Truthfully, notwithstanding today's cheque I can say that I am not in this one for the money.
An unusual time (1:01pm) “Statement re contract” announcement from marketing services group St. Ives (SIV). Uh oh...
Some while back – on the 11 August – AIM-listed investment company Tern (TERN) offered up details of a proposed fundraising for its majority-owned investee Device Authority. We were told that a term sheet had been signed with US Capital Partners to raise new equity based on a pre-money valuation of $36 million, and that first close was expected to be in September, with a minimum subscription of $2.5 million. So why is there no mention of any of this on the website of US Capital Partners?
The following censure of Jason Drummond of Teathers (TEA) infamy is damning. It relates to his time at Media Corp (MDC) an AIM disaster story ending in bankruptcy. I think it is fair to say that Jason will not be sitting on any more AIM boards after this.
I previously wrote on parcels, mail and logistics group DX (DX.) last month as the shares returned from suspension following reverse takeover negotiation failure – and did so more than 10% lower at 8.5p. They are now currently down below 8p on the back of a “Financing Update, Property Disposal, Gatemore Loan” announcement…
It all started with a game of croquet. I start with my long term battle with scumbag ex Tory MP, the loathsome Sir Tony Baldry. He is now chairman of Westminster Group (WSG). I analyse its woes after Friday's interims. I look at the forthcoming IPO of the City Pubs Company and hoist some red flags. Then to 88 Energy (88E) and to those who have lost badly by ignoring my previous warnings I warn again. Big Time!
Hello, Share Collectors. Many of us, I know, are still awash in oil stocks, both the producers and riskier explorers. I’ve been advising that we cut down, as the competition from wind, sun, waves and biomass, threatens to grow. But I think I may have been too hard on ebony nectar and here are a few reasons why.
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...
Search ShareProphets |
Stock market news |
Complete Coverage |
Recent Comments |