I have returned to SSE (formerly Scottish and Southern Electricity) the third largest independent public company supplying electricity to the UK after weakness in the share price has come down from its May high of 1690p to 1554p last seen; a decline of 9% It is back to below its trend line.
As modelled by ex investigative financial journalist (now in retirement) Tom Winnifrith you can now order your very own Sefton is fucked T-shirt here.
As indicated in my recent equity market missive, these are days when potential and existing investors have to think ‘government bonds’ before thinking share selection because of the ‘tapering’ issue.
Shares in AIM-listed specialist in advanced plastics technologies, Symphony Environmental (SYM) currently trade approaching 36% higher today on the back of an announcement of a five year supply and marketing agreement with a division (Janssen Pharmaceutica) of pharmaceutical and healthcare major Johnson & Johnson. The agreement is for a product which can be put into plastic products at the manufacturing stage to provide better protection against bacteria, fungi, moulds, mildew and algae. This is great news.
Trading while insolvent is a criminal offence. Before directors of AIM uranium, turned gold turned copper turn gold or whatever mining exploration company Great Western (GWMO) get sniffy about this article just remember what the law says.
Jim Ellerton told his Nomad and his fellow directors that he had not under oath stated that Sefton had paid benefits to dentist Gary Dillabaugh to offset personal loans made by Gary to Jim. Jim Ellerton lied.
Following announcements that international engineering, construction and technical support services provider Kentz (KENZ) has rejected takeover proposals – including one of up to 580p per share (see HERE for my earlier analysis), there has been significant broker comment…
Latin America-focused gold miner Minera IRL (MIRL) has announced an agreement for up to $80 million to fully finance the Don Nicolas project in Santa Cruz Province, Argentina. Having previously emphasised on this company that, in a currently oppressive funding environment for the sector, further certainty on funding looked to be needed to calm the markets concerns and was likely to continue to hold the shares back until it is addressed (see HERE), today’s news is significant in that respect.
Old Mutual, (OML) the life assurance company with a name that sounds like one which might have been invented by a pipe tobacco company for a product in the nineteen thirties, has never attracted me. It was never top of my mental investor curiosity and priorities list.
Shares in international engineering, construction and technical support services provider Kentz (KENZ) currently trade more than 20% higher on today, at 580p, following an announcement that its board has unanimously rejected takeover proposals – including one of up to 580p per share – as they “undervalued the company”. This is likely to be of interest to readers of this website since I have commented positively on the company a number of times – including most recently HERE. The following updates on the bidding situation…
Bear raider Evil Knievil remains short of Quindell Portfolio (QPP) albeit with a greatly reduced position. However, whilst insisting that he does not trust the company, he has admitted to shareprophets.com that the interims out today “look good.”
CPP (LSE:CPP) shares have roller-coastered spectacularly since founder and 58% shareholder, Sir Hamish Ogston, walked away from his 1p per share bid back in June. They have been from 2.5p to 42p and now sit at 16p valuing the company at £27 million. The whole episode demonstrates the dangers of being short a bust company which is given a stay of execution.
An explicit sell note comes out today from mining guru Roger Bade on New World Resources (NWR). Unlike most common or garden analysts, the guru Bade looks past the P&L to the balance sheet. The most excellent Roger writes:
THE phrase ‘pump and dump’ commonly refers to the practice of artificially pushing the share price of a company higher without anything to back up the rise, and when everyone eventually realises what is happening the price comes crashing back down again.
From the ADVFN Sefton thread we have Dave444 with a posting which really is a classic. This sort of moron deserves to lose his cash. And as he is a Sefton shareholder we will get his desserts. Dave writes:
Well it has been a hell of a ride (down). Srott is the world’s leading resource investment group so it clearly hopes that the answer is yes. This piece by David Franklin, Eric Sprott’s market strategist explains why it is more than hope.
It is now inevitable that shares in Sefton (SER) will be suspended within days. There are only two outcomes and either means that the game is up. It will leave its vexatious libel case against me in tatters, its bully boy lawyers Pinsent Masons ( who tried and failed to get the FSA to stop Dan and I writing about Sefton and indeed all shares in January) looking like total wankers and shareholders losing everything. And here is why.
One of the likeable things about the old Anglo-Saxons - an effective lot – was their love of conundrums. ‘What is both right and wrong?’ Answer: ‘Financial markets!’
I wrote positively on shares in the largest cinema operator in the UK & Ireland, Cineworld Group (CINE) last month HERE at 355.5p. They have since risen further towards 400p and interim results released yesterday have drawn various broker reaction. The following updates…
Nine share tips, giving in a tax-efficient way, don't count Trump out. And much more...
Value investing is how you make money from shares. Any other approach is not investing but speculating and is, by definition, hit and miss. So do you want to know what Britain's leading value investors are thinking and what shares they are buying and selling? Today's special opportunity is.... Three great value investors will be on stage together discussing how they select stocks and what they are buying and selling at the Global Group UK Investor Show in London on April 21. They are: Paul Scott, Britain's top share blogger, Nigel Wray, the man known as Britain's Buffett, and Dr Paul Jourdan the boss at the hugely successful Amati fund management operation.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Soorry it is rugby day. C'mon Ireland. As you can see Joshua is getting himself ready...
This morning, on such a snowy day, I was thinking how nice it would be to go somewhere quiet and sit, read the paper, and drink my coffee without being bothered by people. As it happens, I live just down the street from the Business Design Centre in Islingtion, and it is Master Investor day, so that would fit my plan perfectly.
The market was remarkably sanguine about the operational update served up by Telit (TCM) this week and at 160p the shares remain a compelling sell.
A Trading Update from Veltyco Group (VLTY) a few weeks ago noted, following continued “strong” trading in December, results “significantly ahead of market expectations”. However, having exceeded 100p last year, the shares are currently available at 89p to buy and this looks to represent an opportunity ahead of April-expected results. BUY at 89p with a target to sell of 125p.
Hello, Share Walkers. Anyone not subscribing the measly £5.99 a month to reap all the trading advantages of this beautiful website is probably taking an unacceptable risk. Especially at this time of year, when you still have a chance to sell your losers to cut your capital gains bill.
I just can’t help fearing for AIM-listed Cloudbuy (CBUY) and its shareholders. Here we are heading for two years after a £5.75 million rescue refinancing by Mr Roberto Sella and now post a further rescue refinancing last December (another £3.5 million committed, of which £1.7 million has been drawn) and I still wonder if the company will ever make any money. Yesterday morning we had its FY17 numbers: they are not as awful as the last lot, but it still look pretty bad.
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