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Latest News

GOAL

Goals Soccer Centres – own goal as goes from “optimistic” to profit warning in 4 months

In September, previously writing on Goals Soccer Centres (GOAL) I noted it stating “trading in H2 has started well” but also US and financial risk – and concluded to continue to avoid. Now a “Post close trading update” – and the shares currently more than 15% lower on the day, towards 60p…

EQT
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EXPOSE: The tangled web behind the Eqtec debt facility - avoid like the plague!

Over the weekend I covered a waste-to-energy company called Eqtec (EQT) and surmised that it was going to need funding very soon, and this would most likely come in the form of a discounted equity issue.

HAYD

Haydale – another insti bailing and more insider dealing

AIM-listed Haydale (HAYD) is still seeing its management selling shares and another institution seems to be bailing out. Of course, we know that Haydale needs a placing and it is only a matter of time before the £3.2 million black hole in the balance sheet as predicted by paid-for researcher Hardman (so I’ll bet it is more) has to be addressed.

TERN

Tern – well surprise, surprise: another loan to Device Authority!

OK we are a couple of weeks later than I predicted, but AIM-listed jam-tomorrow Internet of Things investment company Tern plc (TERN) has announced yet another convertible loan to its principal investee Device Authority this morning. Tern may be pleased with the progress that DA continues to make with its partners, including the recent contract secured with a leading medical device manufacturer (as announced on 27 December 2018) but clearly DA is still burning cash at a prodigious rate!

AAU
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Ariana – cracking numbers right on cue

AIM-listed Ariana Resources (AAU) released Q4 gold production numbers this morning – exactly as predicted HERE yesterday. Even better the numbers were pretty much in line and the shares have responded higher – not quite a bottle of ouzo yet, but it looks to be well on the way.

IOG
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Independent Oil & Gas, London Oil & Gas, Amber Rudd and the small world of Tory politics , they are all at it

I have already noted how London Oil & Gas, the company that is using Ponzi fraud cash from related party LCF (now under full FCA investigation) , to fund AIM listed Independent Oil & Gas (IOG) was linked to a bent solicitor and a Tory grandee. But the links with the nasty party are far deeper and go right up to the ghastly work and pensions secretary, and former stockmarket spiv, Amber Rudd.

Euro

Brexit is not of global significance

To be charitable, you could say the euro has proved itself merely by surviving until its 20th birthday this January. That is a low bar. Monetary union has otherwise failed as an economic and political endeavour...

PAGE
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You are not 'bonkers' anymore for buying PageGroup...just overly hopeful

I believe it was the recruiter PageGroup (PAGE), trading under its 'Michael Page' moniker at the time, which found me my first (temporary) job in finance when I was trying to make my way. The history books will note that I quit after less than two weeks when I landed a permanent opportunity but I have always retained a soft spot for the company. Of course in the hard-headed world of financial analysis all of that does not matter a jot though…

SHOE

Shoe Zone – full-year results, a value proposition looking suited to the challenging consumer environment

Shoe Zone (SHOE) has announced results for its year ended 29th September 2018 and that it is “positive about the outlook for the remainder of the year”, currently “trading ahead of previous market expectations”

WPCT
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Woodford - having failed to bring a boardroom coup at Stobart, now it's time for Kier

I see that Neil Woodford is reported to be leading efforts to replace the top executives of fully-listed Kier Group (KIE), according to a report on Sky News. This is, of course, in the wake of a rights issue to pay off debt which fell flat (to put it mildly) and relied on the underwriters to be completed….and in the wake of Woodford stating on its website in September that we had a reassuring meeting with management today, which plans to substantially enhance the company’s cash generative capabilities… Overall, the company’s outlook remains very encouraging. Share price then – around £10….now it is just a fiver. Oops!...

ALBA

Alba Mineral Resources – Brockham progress, shares response held back by sheer AIM casino comedy at Angus Energy?

Alba Mineral Resources (ALBA) has updated following an announcement from the operator (Angus Energy) of the Brockham oil field, the production licence of which Alba has a 5% interest in…

MRW

Why I Might Sell My Holding in My Favourite Store

Hello, Share Followers. Though I’ve held my Morrison (MRW) shares since Adam took up gardening, I’m not sure I should continue my loyalty. For a long time, the shares have been going nowhere. I was up 10% at one stage, but I’m back in negative territory now. However, I do like the stores more than those of rivals Tesco (TSCO) and Sainsbury (SBRY)...

IOG
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Breaking: the Other nail in the London Oil & Gas coffin that will bring down AIM listed Independent Oil & Gas

Oh dear, oh dear. This really is proof that Independent Oil & Gas (IOG) is - whatever its scumbag Nomad FinnCrap (FCAP) claims -complete toast. You will remember that Independent owes more than £30 million to unquoted London Oil & Gas. That money has to start being repaid within a few months and Independent will go bust unless London provides more funds. But London has borrowed money from LCF a related party firm subject to a full blown FCA raid as it is a ponzi fraud as we showed here yesterday. That cash is repayable on demand. Now read on....

Gold

Podcast; Explosive upside for gold and silver

Entrepreneur Lior Gantz claims that the outlook for Gold and Silver is improving dramatically. His thesis is that recent market action has resulted in a rebound. In September mining stocks hit 52-week lows, and the regular markets are now entering bear market territory. Inflation is on the rise and many states are hiking their minimum wage. Recent US Dollar strength is actually a bearish sign.

OBT

Obtala – reorganisation and fundraising, the potential to be transformational

“Group Reorganisation and Fundraising” announcement from Obtala (OBT), including Chairman Miles Pelham stating “we believe these developments have the potential to be transformational for Obtala”

IRV
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Flybe put out of its misery for 1p. Next up for near wi;peout is Interserve

As I have pointed out before, when a company’s management tells you that it is bust it pays to believe them. Last month I recommended shorting Flybe (FLYB) at 15p on the basis that although the statement in November, putting itself up for sale, had not used the word “worthless” to describe its equity, it was clear that any bid for the debt-laden company was not going to leave anything more than a token amount for shareholders.

Collapsing-Reactor
premium content

Housebuilders: don't get suckered in here

Goodness it has been a busy last few business days and my write ups on last week's trading update fest including an observation on Taylor Wimpey (TW.) that 'the outlook statement was chockablock full of government assistance programme nods and thumbs up. Avoid as a sector. Sorry all you value investors'.

Professor

Sunday Long Reads: Egg Thief, Blind Spot, Failure to Launch, Art Heist, Poland's transformation

Is there anything better than sitting back and reading a well-written article on a lazy Sunday? Every week ShareProphets features some long form journalism that you'll find of interest. Grab your cuppa and enjoy these five articles.

AAU

Ariana – will production report see a lift to the share price? I hope so!

Judging by the form of my buy tip for 2019 AIM-listed Ariana Resources over the past nine months, we should see the latest production numbers from its Kiziltetepe joint venture gold plant in Turkey this week. Numbers for the first three quarters have already blown the company’s annual production forecast of 20,000 oz of gold out of the water, having reached almost that figure in nine months. Meanwhile shares in Ariana have had a good run of late, moving up from a low point of almost 1.1p in October to the current 1.575p, putting the company on a market capitalisation of £16.7 million.

Newsboy

Notes from Underground: reminiscing about 80s high streets that I have never seen

When I look at the high streets today, I don't see a significant difference from high streets in Canada or the United States, aside from shop names and even those are tending to be global now.

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That Was the Week that Was

 

AAU

Ariana – Surprise!

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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