Having asked for readers tips for 2017 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2017)...
Hello, Share Minders. There’s a strong tendency to sell shares on company reports, even when the news is not bad. ‘Buy on the rumour, sell on the fact’ is the well-known City adage. But the smarter investor will often buy, once the fall has all the signs of running out of steam.
I wrote a while back that Tesla (TSLA - NASDAQ) would be a cracking short if and when its shares break down below $300. They didn’t quite make it, rebounding sharply from $308. But the rally looks like it has run out of steam and they are heading south again.
Lombard Risk Management (LRM) is “delighted that OneSavings Bank has chosen Lombard Risk as its partner”. The market though remains somewhat less delighted with Lombard…
Did you say "rabbits white rabbits" this morning? I always forget. I start with a run though of my Russia Today interview yesterday in case you missed it which you almost certainly did. But I hope Presidents Putin and Trump approved anyway. Then it is onto Big Sofa (BST) have I got it wrong? I look at Nighthawk (HAWK), Echo Energy (ECHO), Halosource (HALO) and then what the Next statement really means. And I have a few more words on Andalas (ADL) after this morning's shocker.
In September Proxama (PROX) was emphasising “the board is now of the single view we have the right board and executive team, the right cost structure for both divisions, and the right products either in market or in development”. Today it “is pleased to announce the sale of its Digital Payments division”. You what?...
Yesterday I pointed out that Andalas Energy (ADL) was almost insolvent and that house broker Beaufort was in denial. But now let us turn to something which Nomad Cantor Fitzgerald somehow thought it apppropriate to omit. Sarah Wharry at Caantor you should be ashamed and if/when Andalas goes tits up you may well get sued just as your firm is over its negligence at the African Potash (AFPO) fraud.
Back in mid-September I told you to take your trading profits on Next (NXT) at around fifty quid a share. Today's update highlights again that currently the only way to play even UK retail names with good market shares, decent balance sheets and a propensity to chuck out dividends and undertake share buybacks is with a trader's hat on.
Corero's (CNS) disastrous interims were just six weeks ago and since then we have had four pieces of good news announced with great, ramptastic, fanfare: two contract wins, a new partnership agreement and, today, a contract renewal. It can only mean one thing, this is the pump before the dump, it is placing ahoy. Just look at the historic numbers and do the maths...
I saw that Tern (TERN) was one of the biggest fallers yesterday down almost 18% to 5.25p. However, having revisited the information related to the Device Authority funding, it seems to me that it could drop far lower than that and very quickly indeed as and when it becomes clear that Device Authority is a busted flush.
Tom covered some of the “highlights” from the interim results of Boxhill Technologies (BOX) yesterday in his Bearcast (HERE) but a couple of points are worth reiterating and he missed the biggest red flag of all in my view, namely the £3 million owed by the former CEO, Phil Jackson. I trust Boxhill’s Nomad, Allenby, has asked all the necessary questions!
Hello Share Twiddlers. It’s not long ago that I commended BP (BP.) to you. And it’s been rising ever since. The quarterly results are out and show the tip was justified. Normally, shares dip even on good news on reporting days, but for BP the shares rose again.
RT may change its mind but as things stand I am about to head off to BBC Bristol to record an interview on Russian Collusion in the US Elections. I am happy to do my bit for the President (that is Trump not Putin). We all know who the real criminal is in this affair. Meanwhile I discuss On Line (ONL) but even greater madness at Intelligent Energy (IEH) where one Bulletin Board Moron is in full flow and the (worthless) shares are up by 70%. Then it is onto Tern (TERN), Servision (SEV), another few comments on Andalas (ADL), 13 Energy (I3E) and finally a detailed look at the rum and coke statement from worthless Boxhill (BOX). I hope Cynical Bear will give Boxhill an even bigger duffing up overnight.
Cross-border payments network company Earthport (EPO) “is pleased to announce its final results for the year ended 30 June 2017”, with CEO Hank Uberoi emphasising “FY2017 has been a positive year for Earthport, with good progress made across the business… a solid platform from which we can continue to grow”. However, the shares are currently responding lower, to 18p…
Andalas Energy (ADL) has today announced the departure of its, once greatly hyped, chairman Paul Warwick. How will we live without his blog? It has also served up a set of accounts which show that it is without doubt completely and utterly insolvent. If, like its house broker Beaufort whose comment to clients today is a disgrace, you can't read a balance sheet, the notes to the accounts make that 101% clear to all.
Last writing on HaloSource (HALO) last month I noted the shares then around 20% ahead on the day, heading towards 2p, on a water bottle agreement but that the company was soon set to again require bailout funding. There have since that date now been four further announcements…
This is a small side issue in terms of the greater Quindell (QPP) fraud which will, in due course , see Rob Terry and others go to jail but this week Watchstone Group (WTG) as Quenron is now known suffered a minor setback against Terry and others. We publish the ruling in full below...
A busy corporate update Tuesday and three sets of comments stand out for me.
Adrian Day admits that picking winners in the gold sector is not easy. A lot of people do not understand the inherent complexities in this industry such as high capital costs, low odds of success in exploration, and fixed assets that can be taxed or confiscated. When you look at the gold market not only is gold cheap but gold stocks are cheap even in comparison to gold. This, the gold guru argues, is the most significant opportunity in thirty years to buy gold stocks.
Back in 2010 it seemed that barely a week would go by without some tiny AIM oil explorer drilling a well that could potentially make or break the company, but these days much of that excitement seems to have disappeared.
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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