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Latest News

Malcolm-Sax-Machine

Three Ships Which May Come Sailing In On Christmas Day, If Not Before

Hello, Share Creepers. Let’s take a look at a trio of shares which should rise because of the tailwind of Christmas and despite the headwind of the Brexit mess. The choices are made with the benefit of recent history and prospects for the near future. They probably have nothing to do with the immediate present, being based on educated expectation rather than cold fact...

SRT

SRT Marine Systems – “£31 million VMS System Contract Award”, but a buy?

Previously writing on SRT Marine Systems (SRT), I concluded that, with its track record, I await to see evidence of tangible progress before reconsidering from avoid. Today a “Contract award” announcement – and the shares currently up circa 11% at around 34p…

Bearcast
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Tom Winnifrith Bearcast: Might Chris "Three Brains" Bailey be wrong about Thomas Cook? Are the shares really worth only 12p?

I start with the news about the olive harvest. When you get the full financial report you will laugh. I almost did. I am almost tempted to get Neil Woodford to invest in it. Then I discuss Thomas Cook (TCG), Audioboom (BUST) and Tekmar (TGP), another disastrous IPO on the AIM Casino. I also discuss the battle between the metropolitan elites and the rest of us ref. France, but also the UK and Brexit.

TGP

Tekmar – interims. Given the recent listing should be fine, surely?

On 20th June James Ritchie, CEO of Tekmar Group (TGP) - “a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services” - hailed the company listing on AIM, with a 130p per share fundraise “well supported by blue chip institutional investors… we firmly believe it will enable us to accelerate our growth and maximise our potential”. The shares closed yesterday at 127.5p – and now a half-year results announcement. Given the recent listing should be fine, surely?...

KGF
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Kingfisher - DIY, DFY or just BUY?

Confession time: I did read something interesting in the business pages of a broadsheet (ha!) newspaper the other day. The offending article introduced to me the concept of 'DFY', which is not some deviant practice but rather stands for 'done for you'. Apparently the under 40s cannot do DIY, preferring to focus their non-office skills in avocado toast construction and optimising their right (or is it left?) swiping capabilities…

SCE

Surface Transforms – “Trading & Operational Update”, my prior caution justified?

Previously writing on Surface Transforms (SCE) in September as the shares slid below 18p, I retained prior caution. Today a “Trading & Operational Update” – and the shares currently further lower, at around 13p…

WPCT
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Tuesday’s disaster for Neil Woodford – Amo Pharma accounts out (late) – Woody on the hook for £6m more?

In October 2016 Neil Woodford’s Patient Capital Trust (WPCT) spunked £12.281 million with an investment into unquoted cash guzzler Amo Pharma. Amo has belatedly filed its calendar 2017 accounts and it looks grim. Suffice to say Britain’s most conceited fund manager is the sole institutional backer.

IMTK
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Imaginatik – another placing and a contract, but one to watch?

AIM-listed former Rob Terry favouorite busted flush Imaginatik (IMTK) yesterday announced another placing, following hard on the heels of the last bailout and oversubscribed open offer of last month. I was very critical of the previous fundraise because is still, as far as I could see, left the company on the edge of insolvency. But with anther £250,000 in the kitty – and a contract also announced yesterday, is it time to change my stance of keep well away?

HAL

…and Monday’s Woodford disaster story…..Halosource

According to Cynical Bear, Neil Woodford’s Woodford Investment Management once held 24.9% of Halosource (HAL), when the shares were around 3.63p - and Invesco Perpetual (Woodford’s former stamping ground) held a further c.19%. Of course, failure after failure and emergency bailout placing after emergency bailout placing will have taken their toll. But even back in August Woodford held 27.3% (having bailed it out yet again). Now the company has warned that it is having a spot of bother raising cash – and that no cash by the end of December will mean a trip to the corporate undertakers. So Neil isn’t up for bailing it out this time?

RDSA

Brent Crude's Chance of Recovery Could Motor Shell Towards some High Broker Targets

Hello Share Kindlers. The price of Brent Crude has fallen rather a lot in the last six weeks. From $85 to $62 a barrel to be more precise. That’s understandable, as the black stuff was becoming a bit toppy. Part of the fall is due to a strange cycle in the oil market...

TOM

Tomco Energy - in the land of the blind...

The real issue with Tomco (TOM) is that it will be out of cash within three months. another issue is that no-one really trusts it. Oh.. and its assets are shite. Other than that it looks like a great company. Today it tried to puff the share price ahead of an inevitable placing as discussed in bearcast HERE. The City's No 1 oil analyst Zac "the knife" Phillips of SP Angel is damning. The great man writes...

Bear
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Aphria - a cannabis giant set to go to zero: the new Gabriel Grego dossier

Gabriel Grego is the man who exposed Globo (GBO) as a fraud, Folli Follie as a fraud and his new target is Canadian cannabis giant Aphria - his clear view is that this multi billion dollar company is a zero. Gabriel is presenting in New York right now but we have his presentation and his dossier which is utterly devestating. This looks like free money as a short. 

YGEN

FinnCrap: Yourgene (Premaitha as was) shares to double

Okay FinnCrap is FinnCrap and caveat two it is house broker to Yourgene (YGEN) so take this all with a bucket load of salt. But, I agree, the shares are cheap. So here is what analyst Mark Brewer emailed out this morning after interims:

Bearcast
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Tom Winnifrith bearcast: Spooooooooooooooooooof from Audioboom, is a Woodford dog on death row & Gabriel Grego's new mega short dossier

Gabriel's dossier should appear here 2.15 PM London time. It is explosive. In today's podcast I discuss Telit (TCM) and shamed FinnCrap, Halosource (HAL) and hapless Neil Woodford, Audioboom (BOOM) and a backfiring spoof, Tomco (TCM), Yourgene (YGEN) and the weather here in Greece as the olive harvest draws to a close.

MIN

Minoan - £525k placing, and £250k of liabilities settled at 2.5p. Call me mad, but....

Well, we all knew that AIM-listed Minoan (MIN) was going to place as it told us so when the sale of the travel and leisure division was announced. The issue price of 2.5p is disappointing in the wake of the share price when the T&L sale was announced, but does not look so bad in the context of a share price on its knees at around 2.25p early last week. Be thankful for small mercies, then.

MCLS

McColl's continues to struggle to move on from the 1970s

I reckon the heyday for McColl's Retail Group (MCLS) was in the 1970s and parts of the 1980s and since then it has been all about trying to get by.  The big problem is that the world of the corner shop where you would pop for a pint of milk or a loaf of bread, the daily newspaper, penny chews and the like has moved on.  Convenience has become a bigger theme in a 24/7 world, but it is one which is now fully embraced by both the big supermarkets and the world of delivery.  Meanwhile going into a McColl's store has not changed that much over the last thirty years.

Collapsing-Reactor

The housing boom is not over, its ending

You think the housing boom is petering out or taking a breather? Nope it is a bubble its popped the boom is over.

MOS
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Beware of share price rises caused by RNS-Reach - Mobile Streams is a case in point

I often find myself questioning the purpose of RNS Reach announcements for companies listed on the AIM market, as they can cause severe volatility in the share price and this is usually far more than is justified by the news itself.

GNK

Greene King May Activate Higher Profits Before Too Long, But It May Be Worth Selling Shares after the Christmas Booze-Up.

Hello, Share Guzzlers. It’s usually encouraging when you find a company with a single digit PE as well as a juicy dividend. And Greene King (GNK) scores on both counts.  The PE ration I have is only about 8 and the dividendyield is a jolly 6.7%. But those happy numbers do not always auger a bouncy near future for the share price.  

SNX
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Synectics – FY only “broadly in line” but now “increasingly confident”, remains a recovery buy

Surveillance technology and networked security systems company Synectics (SNX) has updated including anticipated underlying profit before tax for its year ending 30th November 2018 is broadly in line with market expectations” and that “the board is increasingly confident of solid progress in the group's results in the coming year”

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