Four times in the past three or four months we have advised our readers to bank big gains on shares we tipped - the one before the one before last was a 77% profit (offer to bid ) in just 12 days. But we are not perfect. Only folks living in council houses but boasting of their million pound investments on Bulletin Boards get it right all the time.
Former ShareSoc chairman Roger Lawson, who has threatened to sue Tom Winnifrith, is the sponsor of this week's Bulletin Board Moron contest. Yes he sponsored last week's contest as well but the disgraced share ramper is such a prize dick and still has a few of the Globo sharesw he promoted so thusiastically to hand out as a prize so Roger is back again.
The July edition of the UK Investor Show Magazine is live featuring eight share tips, a question of life after the Tories, a special book offer, CEO interviews with Optibiotix (OPTI) and Wishbone (WSBN) and much more.
Nu-Oil and Gas (NUOG) is all the rage at the moment amongst PIs, but I’m finding it hard to get quite so excited about its prospects and am getting a feeling of déjà vu when I look back at some of the old Enegi Oil announcements.
AIM-listed Frontera Resources (FRR) has announced that Steve C Nicandros is to relinquish his executive role as CEO but remains at non-executive chairman. After 21 years of service it is natural to look back and talk about the highlights, so the ShareProphets RNS Translation Team has been busy with today’s quote from Mr Nicandros. Original is in bold.
We are building a good base for a spectacular second half of this year; people are in a state of panic and sentiment is at the bottom. So says gold guru Florian Grummes.
Shares are valued on the basis of what is to come. that is to say future earnings ( or lack of them). Not historic losses, profits or performance. But shares in Columbus (CERP), the former LGO Energy have been marked a tad lower after an operational update as punters looked in the rear view mirror. Their error = your opportunity.
There are numerous reasons NOT to own shares in sub scale and underperforming Paternoster Resources (PRS) as I explained at the weekend HERE. But there is a different way of looking at this piece of investment crap.
San Leon (SLE) has updated on the suspension of its shares - something that has now lasted a week. We have been in constant communication with the company and are relaxed about the situation, not expecting it to last much longer.
Hello Share Peggers. The latest set of figures from Sainsbury (SBRY) show that sales in the last four months improved by 2.3%. Which is not too bad, considering the huge challenge from the competition these days.
Markets are starting to adjust to the idea that interest rates are going up and they are now questioning exactly what this means. This generally means less risk-taking, which means lower asset prices. We are at a point where small shifts in absolute terms have an outsize relative impact. If interest rates rise from 5% to 5.25%, that’s not a big move. But if they rise from 0.25% to 0.5%, they’ve doubled.
This morning AIM uber dog Milestone (MSG) announced that a new investor, Para & Co (UK) Ltd, was providing a cash advance of up to £400,000 of cash via a convertible loan note as part of a total capital raise of up to £1.5 million for a maximum interest of 29.9% at a price of 0.29 pence per share. Nigel covered this earlier here but let's dig further into the affairs of this new investor.
AIM-listed Chinese play Grand Group (GIPO) has had something of a chequered history even by the standards set by the Filthy Forty. It didn’t get in because it listed too late, but that hasn’t stopped the comparisons. It listed at 80p in January 2015 yet there appears to be a rush for the exit today, with the stock off by 32% at just 9.75p.
Now that disgraced Roger "ramper" Lawson is no longer in charge of the ShareSoc blog it can, now and again, have some cracking material - today it exposes Interactive Investor Limited for putting its clients cash at risk to screw extra cash out of them. This is shocking. and anyone with a stockbroking account at iii or TD Waterhouse which it now owns should open an account elsewhere and start moving spare cash and the proceeds of share sales there. iii is clearly run by total bastards.
AIM-listed Milestone Group (MSG) has had a colourful history recently when it comes to raising money. There was the cash which didn’t arrive which the company ‘fessed up to rather late in the day. There was an RNS dated 3 August last year which announced a placing which was already announced in the company’s Interims in June 2016. Now we have a new investor ponying up £1.5 million at 0.29p against a share price of 0.14p when the company was surely running on fumes.
Here I am in Shipston with my father who enjoys bearcasts if they mention him so just for that reason I record again. His faux political correctness is exposed by the issue of coverage of women's cricket in The Guardian - the dreadful newspaper he has delivered to try to fool my family of public sector "working" lefties that he is one of them. In terms of the market I look at Carillion (CLLN) and 88 Energy (88E). Shares in both companies are collapsing today and I look at why and at what lessons folks should be learning. You could so easily have avoided losing money on both. Please note Malcolm Stacey and other Ocado (OCDO) bulls, lesson one on Carillion is for you. I also make it clear that while he may have some of the attributes of a Bulletin Board Moron as he showed HERE, Evil Knievil is not, in fact, a BBM, I was just joshing him when I suggested otherwise. En passant I look at MySquar (MYSQ) and explain why today's exposes HERE and HERE may refer to events a long time ago but are pertinent.
Our recent coverage of AIM Bulletin Board Moron darling MySQUAR (MYSQ) HERE and HERE should leave you in no doubt that this is a piece of crap heading for 0p. At the heart of the issues are the related party deals conducted with other Schaer companies which explain most of the "sales" MySQUAR reports. Earlier toady we ran a piece which exposed the dirty business practices of Schaer when he used to operate in the USA, as you can see HERE. Now for part two which shows what an A grade shyster the man is, another reason to exit this stock ASAP before it goes tits up.
Any company employing disgraced Nilesh Jagathia of Teathers infamy is a good bet either to go tits up or to get into a spot of bother for not filing documents properly at Companies House. And that brings us to Octagonal (OCT) PLC where clueless Nilesh does the books.
Our recent coverage of AIM Bulletin Board Moron darling MySQUAR (MYSQ) HERE and HERE should leave you in no doubt that this is a piece of crap heading for 0p. At the heart of the issues are the related party deals conducted with other Schaer companies which explain most of the "sales" MySQUAR reports. Does Schaer walk on water? Er...let's look at his CV.But before we start I notice that he surrendered his US passport in 2015. I wonder why?
It's so very rare to have a winner outside of the LSE asylum, but this week we managed it. May the force be with you.
Yesterday I explained at length HERE why I would not touch Paternoster Resources (PRS) shares with a bargepole - they look cheap in relation to asset value but are not. Indeed I think that the real realisable NAV today is far lower than the last, March 31, stated NAV. Let us just look at an unlisted investment as a case study - Elephant Oil.
Hello Share Turners. Recent results from Greene King (GNK) were a dose of good news in a difficult consumer market. Operating profits were up by about 5%, while revenues on the year were up nearly 7%.
When disgraced AIM casino posterboy Mercantile Ports & Logistics (MPL) moves from being a member of the minus 98% club in which it currently sits to being a member of the minus 100% club, I want it known that Nomad Cenkos has been fully aware of massive issues all along and has done nothing other than bank obscene fees. As such we have run a series of letters from a big shareholder to Amber Wood, head of Corporate Governance at Lagos Securities, HERE and HERE and HERE and HERE. Now for letter five which puts fragrant Amber and Lagos, Nomad to the Quindell (QPP) fraud as well, on notice for when the final wipeout occurs that they will be held accountable. This letter has also been cc'd to AIM Regulation - I know they are useless but surely even they must realise that Lagos Securities has "form."
Lucian Miers' 3.1p short call on UK Oil & Gas (UKOG) seems to be, at present, right up there with most of the share tips of the market abuser Chris Oil in the pantheons of duff calls. The shares surged yesterday to 7.25p-7.3p. Ouch.
Andrew Monk of VSA Resources has a geography lessn for those following oil explorers. Believe it or not the hot spot is not somewhere close to Gatwick Airport but somewhere a bit more exotic.
Oh dear, this really is a clusterfuck even by the lowly standards of the AIM Casino. You will remember that AIM listed Glenwick (GWIK), linked via Peterhouse Corporate Finance and Amanda Van Dyke to fellow AIM dog Paternoster Resources (PRS) in a related party snakefest, has had its shares suspended an RTO but there have been a few problemos. Oh dear. Oh dear.
Oh dear. Poor old Evil Knievil who has been a perma bull of Watchstone (WTG), the former Quenron (QPP), loftily dismissing claims by Slater & Gordon for £637 million and my analysis as not worth the paper they were writen on. Oh how bullish was the great man, at 141p, just a few weeks ago as he posted his bon mots on a Bulletin Board. The shares have duly plunged to just 97.5p so costing EK and his fellow BB Morons a good packet. Poor Evil. Poor BB Morons.
I must apologise. Yesterday I wrote an article stating that Totally was in breach of AIM regulations in not making an announcement about its CFO getting another job. I was wrong; I have given myself a good and proper birching this morning and am here to beg forgiveness.
I wrote last week about ITV (ITV) pinching Easyjet (EZJ)'s CEO Carolyn McCall and no doubt she is rubbing her hands together thinking not just about her new pay and incentives package but after today's update...also a fourth series of Love Island. The show only a minority of you will ever have viewed figured prominently in today's corporate presentation as ITV's management team attempted to get down with the kids - and rev up the financial analytical community - with lots of excitable statistics about viewer levels, website interactions and app/short video downloads.
Since we previously updated on Obtala (OBT) at the start of this month, there have been developments including a quarterly report. The shares are down but is this fair?
Big Sofa's (BST) AGM went smoothly enough but the market seems to have overlooked the statement from chairman Nicholas Mustoe. It really is very exciting indeed. Mustoe stated:
Nu-Oil and Gas (NUOG) is a company that I covered a couple of weeks back as being totally over-valued, and although it has pulled back a bit I think it potentially has further to go.
The trouble with Norfolk's is that in the end they run out of other people's money. And that brings us to MySQUAR (MYSQ) the sort of company which, even by the lowly standards of the AIM Casino, is a dog. A Source has been on the trombone and says...
Having already declined from approaching 50p earlier this month, shares in Vertu Motors (VTU) are currently slightly further lower, at 43p, despite an “AGM Statement” announcement including that “at this stage, the board expects the group's trading performance for the year ending 28 February 2018 to be in line with market expectations”…
With a calendar financial year and no updates on trading since 21st March-announced results for 2016, a “Trading Update” announcement from waste management company Augean (AUG) seems routine. However, the shares are currently circa 14% lower, at below 55p…
Hello Share Shedders. When I invested in Royal Mail (RMG) on the golden day it went public, I made an instant paper profit. I sold the shares soon afterwards at an even bigger gain. However, others in my family, hung onto their shares. And since July 2016 there has been a slough of despond.
Audioboom (BOOM) has today announced that CFO, David McDonagh has left "with immediate effect". It says it is looking for a replacement but gives no reason for the departure. And oddly this resignation occurs just one week after the company published interims. It was clearly not planned.
Plant Impact (PIM) has announced the conditional placing of new shares in the company at 31p each raising a gross approximately £4 million, with the announcement also including “the placing place (price?) represents a premium of 6.0 per cent to the closing mid-market price of 29.25 pence per existing ordinary share on 25 July 2017”. Hmmm…
Those who heard Paul Atherley of Berkeley Energia (BKY) on the main stage miners session at UK INvestor Show 2017 will be well versed in the uranium bull case. Paul is booked in to be back again in 2018 for a refresher but I need no convincing, we have a few of his shares just in case. Meanwhile here is another crash course on why you need uranium exposure.
Yesterday at 5.57pm this RNS was released by AIM-listed (for now) Nyota Minerals (NYO). It followed this RNS at 7am that morning. Nothing extraordinary, two TR-1s issued but it seems that former chairman has been offloading shares issued to him by the company in lieu of director fees in short order.
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