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The last reported results from Independent Resources (IRG) were dire and the company admitted that it needed funding within twelve months to be viewed as a going concern. I should cocoa – the maths are dire.
A new feature – our share tip of the week (end) and we kick off with specialist IT recruitment group Interquest (ITQ) at a 119p share price where we target a total return of 25% in one year. And here is why.
I compare and contrast two companies here: Totally (TLY) and Greka Drilling (GDL). The matter is the question of a delay in results.
Healthcare services company Totally plc (TLY) has announced its results for the 2013 calendar year and we have subsequently spoken to CEO Wendy Lawrence.
Moving away from the ‘T’ theme and medical products, this month’s Stock-Ping highlights a UK based computer software company with a cloud based payments system, and, as of December 31 2013, no debt and turning a profit; Netcall Plc (NET).
I published an article on Friday on COMS (COMS) with a factual error. For that I apologise. My conclusion is unchanged but the revised piece follows.
What did I say about La Liga last Saturday?! No one wants to win the damn thing. Real Madrid’s utterly inexplicable end of season collapse has cost me tens of thousands of upside. It is such a bitter sweet feeling. No matter what happens on Sunday between Barcelona and Atletico Madrid I stand to make a small fortune, but I can’t escape the lingering feelings of what might have been had Ancelotti’s men not imploded in the last three games. But the great thing about football is there is always next season to look forward to, not to mention the small matter of this summer’s World Cup.
AIM listed West African Minerals (WAFM) is one of the public listings from Jim Mellon which has to date done very well for its shareholders, however an announcement snuck out late on Friday is not Jim's finest moment.
Hello Share Turners: It's always prudent to inspect some of your biggest holdings every few weeks or so to see if the story has changed.
Yesterday’s Extraordinary General Meeting at Wessex Exploration (WSX) was a bad day for retail investors. But a good day for private investor activism. The beleaguered failed Board held on to their overpaid director fees and expense accounts by the skin of their yellow teeth.
Dot Digital Group (DOTD) has enjoyed fantastic growth over the past year and that looks set to continue. The technology company provides products to the digital marketing sector and has seen its share price increase from around 15p, twelve months ago, to a recent high of 37.75p. It is now sat at 34p to buy.
The stock market reacted negatively to some mixed news yesterday. When a market is nearing exhaustion, it is common to see a sharp drop for no reason. Yesterday however, there was a reason for the fall. Bond yields were falling. When bond yields fall, investors are buying bond, they are moving money from the stock market to the bond market. This suggests that investors don't trust the current rally. The general consensus is that stocks are fully valued and the risk is on the downside so they move money into safer assets like bonds.
Apparently I damned Range Resources (RRL) with faint praise yesterday. While the ramping brigade worked themselves up into a lather over what an incredible deal the $12million placement is, the realists recognised that 1p is a pretty dreadful price. The market clearly agrees. Only about £980,000 worth of stock changed hands (c.130million shares). It remains to be seen what Range’s new management team does with the slender lifeline it now clings to, but assuming it can genuinely turn the company around, then there is still a massive prize to play for in a few years time; Puntland.
On May 6th Stratmin (STGR) announced that its Lohorano plant in Madagascar had produced 107 tonnes of large flake ( i.e. high quality) graphite in April – and that was managed in just 21 days since output started on the 9th. There is more good news on the way...
The original article contained a factual errror. A revised piece ( with the same conclusion) can be viewed HERE
Woof, woof, woof! How many times have I warned (correctly) that AIM & TSX listed silver company Arian (AGQ) is a total and utter dog? I have lost count. Those who ignored me have lost 90% in three years but at 34.5p the shares are still hugely overvalued. The quarterlies were slipped out at 6.59 AM today just a minute before the 7 AM rush so that folks might not notice just how dismal they are. I noticed…
Produce Investments (PIL) is a rare breed of AIM-listed stocks. It delivers consistently strong performance and pays a reasonable dividend. You probably haven’t heard much about the parent company of one of Britain’s leading growers of potatoes, Greenvale Ltd., but in the last year Produce Investments’ share price is up 78%. This morning the company announced a discounted placement to fund the acquisition of the Jersey Royal Company, but, as of writing, the shares have risen 8% in this morning’s trade. No, Produce Investments really isn’t your common or garden share.
A copy of the Northern Petroleum (NOP) annual report lands on my desk. Thud. A lot of trees went to produce this weighty tome which places undue prominence on 'elf n safey, Corporate & Social Responsibility, etc, etc. That is all a smokescreen of sanctimony to mask an act of brutal AIM Cesspit crony capitaism. Naturally I turn straight to page 87 of 96 and there it is. Bonuses for directors! WTF?
A Chilean retailing dynasty is helping AIM-quoted Serabi Gold (SRB) take two gold projects in northern Brazil into production. The target is to mine 24,000oz of gold this year and between 40,000oz and 45,000oz next. The anticipated costs are projected to fall from around the current expected $1,100/oz to nearer $850/oz. With gold trading at about $1,303/oz and looking fairly stable, this could provide investors with an intriguing opportunity to buy into this sector.
Hello Share People: I really love dividends. It's why I have half my shares in Footsie companies. They pay the best. Insurance companies, for some reason can be particularly generous. It's all helps my household expenses.
It has now emerged that Brokerman Dan attacked what he thought I said about Angus Energy (ANGS) without actually listening to what I actually said despite us giving him a 24 hour pass for bearcast access. He spouts an awful lot of piffle in his latest article but declines to print corrections. Poor Dan. Oddly on one major point he is almost correct. Moving on, I also look at Cenkos (CNKS), Frontera (FRR), Rosenblatt (RBGP), i3 Energy (I3E), MySquar (FRAUD), Online Blockchain (OBC) and Kellan (KLN).
I have had one of those days which happen all too often when I think I want to retire. Blame Laurence Smith. All is explained in this podcast. I look at today's news from Premaitha (NIPT) which is certainly a bolt from the blue, comment on the nature of corporate lying, ref Frontera (FRR), cover RM2 (RM2), Optibiotix (OPTI), Sosandar (SOS) and Online Blockchain (DOG).
Having demanded we bring back this contest, once again, Juicin Drumroll failed to win last week but he came second and tried very hard as you can see HERE. So he is clearly desperate to win a semi naked photo of Britain's leading share blogger before lunchtime, Thirsty Paul Scott. So we will give him a fifth and final chance. Can anyone stop Juicin from winning this week? Okay here is the challenge for you all:
Yesterday Frontera Resources (FRR) received a second lawyers letter from convertible loan note provider Yorkville in regard to the $2.65 million outstanding debt on which it is now in default. The letter accused Frontera of lying to investors. Frontera has not disclosed that letter, or its contents nor has it repaid the sums due to Yorkville Instead it has issued another RNS which is simply misleading. It is doubling down on lying and apparently Nomad cairn is fine with that?
Mrs Stacey says that I have been spending too much time in the Punter’s Return reading dull articles about shares and that we need a break. She says that I need inspiration for my next novel and so has suggested that we head off on one of those holidays advertised during Midsomer Murders for a more mature and sophisticated audience.
One of my few vices in life is sugar. I have parlayed this into stock selection via a recommendation on Tate & Lyle (TATE), which I last wrote up HERE. The company held a capital markets day late last week and the one presentation slide that stood out was one which talked about 'sugar replacement is a key market opportunity globally'. Well of course it is. Gluttons like me want to both have our cake and eat it and one way to do this - without becoming significantly obese - is to focus on non conventional sugar options, a market which Tate & Lyle has been active in with its Sucralose product.
“Specialist full service supplier of technical fluid power products and services”, Flowtech Fluidpower (FLO) updated on trading in July – but the half-year results announcement today is currently accompanied by an approaching 30% share price fall, towards 120p. Hmmm…
I see that ShareSoc is praising Tern (TERN) for holding a conference call to which anyone can dial into and at which Al Sisto will answer pre-submitted questions. I wonder..
Shares in Neil Woodford uber dog RM2 (RM2) are up by 59% at 0.875p. That means that the market cap has jumped by £14.4 million to £38.8 million on the back of a contract win termed “significant” but which clearly is not and does not change the fact that this company is five minutes away from midnight, that is to say bankruptcy. It’s got to be placing ahoy.
On tipping shares in redT Energy (RED) at a 7.4p offer price in July we noted we looked for German project funding and other orders to drive a re-rate. The shares are currently higher, above 9p, on the back of an “Update on German Grid Project Funding”…
CyanConnode (CYAN) “is pleased to announce” both “the receipt of a $11.6 million purchase order relating to a smart metering deployment by an Indian state-owned utility” and “the consolidation of its European operations”. Hmmm…
Writing on results from MediaZest (MDZ) last month I concluded sell / bargepole, though note the shares currently ahead today on the back of a “Trading update”…
Shares in AIM-listed graphene play Haydale (HAYD) are off again to 44p (mid, last seen) following full year results to June this morning. Following a profit warning in June, when I said this was a bargepole stock at 78p and suggested that we were in for a £6 million loss before tax, cash would be down to around £5 million at year-end and another big cash-call was on the way, let’s see how my Mystic Meg powers are holding up……
“Drunken Sailor” commented to me a few days ago; “I would find it useful if you could do occasional reflective pieces on ones that go wrong and any lessons to learn from them.” OK Drunken. Here goes…
As you may have gathered yesterday, Malcolm’s long-suffering wife reckons that he has been spending too much time in The Punter’s Return and so has organised a holiday in Denmark, Sweden and Russia where Mr Stacey hopes to discover the magic money tree and a theme for his next novel. We left him at Heathrow, but our senior reporter has now updated us on his progress…
We all know UK retail is in a tough spot but problems for Kingfisher (KGF) are ironically not in the UK, where today's half-year numbers were correctly discussed as a 'solid performance' benefiting from continued growth at Screwfix and the self-inflicting wounds at peers that aided B&Q. The trouble is a 15% fall in underlying pre-tax profit mainly due to a 30% fall in profitability in the group's second-largest market France…
Previously writing on LightwaveRF (LWRF) in June it was from “real energy and excitement” to CEO ‘stepping down’ in less than two weeks!, with I concluding even if there is “real energy and excitement within the company”, it’s, as usual, the ability to generate cash which should prove key. On these bases, it’s currently bargepole ahoy / sell. The shares have though just risen on the back of an announcement; “Lightwave rated the best UK HomeKit solution”…
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