Writing my second and at this rate, last book in November, Lessons From The Financial Markets For 2013, it was possible to say that not only was ARM Holding the FTSE 100 company of the year, but that it was likely to repeat the feat over the next 12 months as well.
The latest from the bank that did to banking what Fawlty Towers did to tourism in Torquay is that it has £20bn to lend to small business, but has no takers.
Just why LSE made such efforts in the noughties and before to remain independent, rather than allowing itself to be swallowed up by an international / U.S. counterpart remains something of a mystery.
Just the other week I was discussing Alzheimer’s disease with someone I met in a bar – as you do, and we bemoaned the way that as far as the UK is concerned there is not exactly a glorious history for the biotech sector. Can Summit Corporation break the jinx?
One of the most beneficial ways of using charting / technical methods is not necessarily to attempt to predict what will happen next in the manner of a Mystic Meg, but actually to try and determine what has just happened.
Chariot Oil & Gas is yet another of those in the E&P area where given the benefit of the doubt to the bull argument would have come around and bitten you with all the grace of a Liverpool striker.
There comes a time for every stock or market when you have to throw in the towel as far as the direction you may have been backing.
To run a junior oil company which claims to be sitting on reserves greater than those of Shell and to claim furthermore that this is only scratching the surface, takes a fair amount of self-belief.
It has to be said that I am not exactly feeling the love as far as the bulletin board community are concerned, given my recent sell stance on Gulf Keystone and the worst case scenario 10p share price target.
Avon Rubber produces a range of rubber products largely for the defence and dairy markets.
The fallout from the Teknomining Scandal and the growing belief that US Oil & Gas (USOP) will turn from comedy to tragedy ( while remaining a long running farce) has had a knock-on at Great Western Mining (GWMO) a company also from the Liam McGrattan stable listed on the AIM cesspit.
Following the publication of weak interims in March by tech stock K3 Business Technology (KBT), house broker finncap adjusted its forecasts but argued that the shares were, at 99p, very cheap and actually worth 195p.
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My last review of BAT Industries (BATS) was a bullish one, having examined the management strategy of this large and important international business geared as it is, by common consent (entirely reasonably so) to a long term, irresistible decline demand for its products. I noted at the time that analysts estimated on a consensus view that sales revenue would grow by 20% over the two year 2013 and 2014 to an annual sales figure of £16.7 billion by the end of next year along with a 20% increase in earnings and dividends to 248p and 162p respectively estimated for the year to 31 December 2014.
Despite the above average gambling aspect of its unusual business model and payout policy, my instinct is to add the shares to my 'shares for buying list', on the limited ground (not too hasty I trust) of first quarter trading; the explicit confirmation of continuing financial strength and an estimated ‘super normal’ prospective dividend yield of 6.9%.
While it is clear from the daily chart of Pentagon Protection that the shares are not exactly blessed with high trading volume, they have ticked most of the boxes you would wish to see for a stock or market to qualify as being one of the more compelling bull plays around.
Back on the Cesspit AIM market I see that the biggest faller today is Oracle Coalfields (ORCP) whose shares are off 13% at 1.55p valuing the company at £5.01 million.
I have successfully followed international engineering and construction group Kentz (KENZ) before – from a share price of 154.5p in July 2009 until a recommendation to bank profits at 346.5p in January 2011.
It is very often the case that as fire as minnows / penny shares that move around in fractions of pennies, there is not as much as one would like to go on in terms of charting furniture. However, it could be said that in this respect Coms (COMS) is the Heals of charts currently, given all the signals we have to go on, with most people positive or very positive.
Antofagasta has announced its March quarter production figures. The group produced 183.8 kt of copper, 2.6kt of molybdenum and 86.2k oz of gold for the quarter.
This is not the news we Premaitha (NIPT) shareholders wanted and it is clearly bad news. The question is how bad? The UK High Court has upheld three patent claims made by Illumina against Premaitha.
Yesterday I exposed how fantastist Chris Oil was buying bogus bot twitter followers on an industrial scale to make it look as if folks really cared about what he tweeted. He or someone close to him has responded in predictable fashion.
There were those, such as our own Drunken Sailor, who argued that UK Oil & Gas (UKOG) could manage to absorb the rolling short of a £10 million death spiral announced last week quite easily and it would not hit the share price. The evidence with just 5% of the spiral drawn suggests otherwise and this makes the stock a slam dunk short.
I am rather disappointed in the management of the UK's leading independent review site AllAgents.co.uk - they have let us all down. They sought to raise £50,000 to allow them legal support against fascist lawyers letters from Purplebricks (PURP) which demanded bad reviews be taken down.
I note that yesterday AIM-listed Bowleven (BLVN) released a TR-1 RNS from Crown Ocean – the rebel shareholder which threw out the old board earlier this year. It has increased its holding (again).
The Taxpayers Alliance has produced a fascinating 51 page report explaining why so many of us are "just about managing" to quote our useless Prime Minister. In short it's hard evidence that Ronald Reagan was right when he said that the scariest words in the English language are "I'm from the Government and I'm here to help." We feel poor not because of wicked Tory austerity (fauxsterity), but because of how a bloated state has distorted the economy.
Given that I have closely followed the Serica Energy (SQZ) story here closely over the last few years, and in light of the news this week, I felt that I should give my current thoughts on it.
Apologies for the lack of a bearcast yesterday, I was just feeling tired and hacked off with the world of work. So you can have two today. I start with a look at the markets covering Greka Drilling (GDL) and related party dog Green Dragon (GDG). Then it is onto Mothercare (MTC), BCA Marketplace (BCA), On Line (ONL) and finally in some detail Westminster Group (WSG) where I wonder if the curse of Tony Baldry is about to strike.
Shares in main market-listed Interserve (IRV) have been falling today, last seen down a thumping 8.2% - quite a drop for a £106 million company when there has been no news. One wonders why.
Yosi Fait sold all his shares in Telit (TCM) AFTER it breached its banking covenants which as FD he must have known about as he must also have been aware that first half trading was way below forecast. But the company's new chairman has taken external legal guidance and said Yosi did nothing wrong and so has appointed him full time CEO. Well that's alright then. But there is yet another catastrophic profits warning ( as predicted) which begs the question of how great is debt now and will bank covenants be breached again?
Each time you have a new chancellor you soon find yourself thinking that the one before who, hitherto you had viewed as the biggest poltroon ever to hold up a red box, was in fact a towering genius. Thus I am beginning to think that Osborne - who was utterly hopeless was a giant compared to Hammond. On how to try to buy the votes of young people with taxpayers cash yesterday he was awful. His thinking about the housing market is wrong from start to finish.
Hello Share Trundlers. Today’s commendation is one of those companies that you can take pride in supporting because it’s such a jolly humanity-serving idea. And in this case, the prognosis, in my humble opinion, looks rather good.
In the gold old days the fraud MySquar (MYSQ) used to report breathlessly on average daily sales volumes - that is to say cash coming in. But - as we subsequently discovered - that was largely related party non core income and it fell off a cliff on July 1. Not that MySquar bothered to let us know about that until it had got a bailout placing away. On any other market than the AIM Casino that would be securities fraud. Heck, even on the Zimbabwe Stock Exchange you'd get your collar felt for that. But on AIM fraud is okay as long as you pay your fees. Anyhow these days MySquar serves up different bollocks.
Writing last week on Van Elle Holdings (VANL), I noted a boardroom shake-up General Meeting requisition from its founder seeking to return. Today brings a response from the company…
And there we have it. Today’s announcement of the placing at Altona Energy (ANR) to raise £735,000 at 0.5p completes a very successful, oft–repeated, operation at the lower end of AIM, namely the placing, followed by the industrial-sized ramp, followed by the placing – the “PRP”. It is worth looking at in closer detail.
Since we own some shares in Berkeley Energia (BKY) I hope that Daniel Major is right in his thesis. In this podcast hel discusses the long-term potential of uranium and why the industry needs higher prices to fill the supply gap. The short-term issues are that 75% of the industry remains near or below the cost of production. Companies currently can’t afford to replace their resource. Cameco has taken the lead in closing down one of the best mines saying that it’s cheaper to purchase uranium from the market. Cameco’s announcement was a major event for the uranium industry.
Hello, Share Chasers. It seems a while since I’ve looked at Johnson Matthey (JMAT), but considering the latest numbers - and more importantly its future prospects - I believe that the stock is worth buying.
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