Frontera Resources - a fool and his money - top City analyst writes...
I have already joined Waseem Shakoor in commenting on today's spoof RNS from Frontera Resources (FRR) and reiterating sell advice on this POS. Now it is over to the City's No 1 oil analyst, the great Zac "the knife" Phillips of shamed SP Angel who opines:
- By Tom Winnifrith, The Sheriff of AIM |
- 12 December 2018, 04:54 |
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Tom Winnifrith Bearcast: Filtronic - either way FinnCrap has sinned big time, which is it?
I start with young Joshua's meeting with Santa Claus as flagged up yesterday and then discuss a couple of other Christmas rituals. Then it is onto today's shocker from Filtronic )(FTC). I cover why the statement is misleading, discuss what is the real cash position and thus how quickly this could completely unravel. I then look at FinnCrap (FCAP), appointed Nomad and broker on November 15. Either it failed to do adequate Due Diligence or it has colluded in sitting on price sensitive information in clear breach of AIM Rules. Either is very naughty indeed. Which is it Sam Smith? Finally a few words on the leadership challenge to wretched Theresa May,
- By Tom Winnifrith |
- 12 December 2018, 03:32 |
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Wood Group, Superdry, Dixons Carphone & DP Poland - aka a busy RNS day!
A flood of interesting news out today on stocks that I follow…
- By Chris Bailey |
- 12 December 2018, 02:40 |
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Frontera Financing Update is no such thing – Waseem knocks this bull for six
No doubt the whore blogger Malcolm “Fat Bastard” Graham Wood is preparing to pen rubbish about how Frontera (FRR) has solved all its cash issues in order to earn his Christmas bonus. But today’s statement from a company that is technically insolvent means nothing of the sort. The great Waseem Shakoor, who I have forgotten to ask about Newcastle’s 3-0 thrashing at home to the Mighty Hammers, nails it with the post below.
- By Tom Winnifrith |
- 12 December 2018, 02:33 |
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Rose Petroleum – ‘pleasing’ revised operations plan agreed, looks worth a small punt
Rose Petroleum (ROSE) is “pleased” to have agreed a revised operations plan – this allowing it to drill its highest-ranked target first…
- By HotStockRockets |
- 12 December 2018, 01:40 |
LightwaveRF – full-year results. “Considerable progress”, right?
LightwaveRF (LWRF) has announced results for its year ended 30th September 2018, including Chairman Barry Gamble stating “your company continues to make considerable progress on a number of fronts. Excellent product endorsements, such as being described as ‘the best UK (Apple) Homekit solution for smart lighting’, amply demonstrate our proven technology, even as the company presses ahead with further developments and more international variants”. So why do the shares remain depressed, below 7p?...
- By Steve Moore |
- 12 December 2018, 01:25 |
Catenae Innovation – first blockchain contract & product updates, remains a buy
Catenae Innovation (CTEA) has announced a first contract for a solution utilising its blockchain technology and updated on its such technology and announced a product launch…
- By HotStockRockets |
- 12 December 2018, 01:20 |
Avacta - Part Two: the Korean Connection
Hello, Share Pickers. Occasionally, limits of space curb doing justice to a share I’ve high hopes of. This was the case with Avacta (AVCT), which I dragged to your attention this week. Allow me to add two further aspects to my view of this thrilling share...
- By Malcolm Stacey |
- 12 December 2018, 01:16 |
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Tom Winnifrith Bearcast: Just how many AIM Rules must you break before Finncrap gives a damn and quits?
I prepare for Joshua's first meeting with Santa in 2018 and discuss that. I look at Telit (TCM) and its latest wholesale breach of AIM Rules. Why does FinnCrap (FCAP) not care? I ask when FinnCap will have its first profits warning. I look at Purplebricks (PURP), Mysale (MYSL) and Bilby (BILB).
- By Tom Winnifrith |
- 11 December 2018, 08:57 |
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Bilby – reckons “pleased to announce” interims… I don’t reckon the recent institutional shareholders will be as pleased!
Gas heating, electrical and building services provider Bilby (BILB) reckons it “is pleased to announce its interim results for the six months ended 30 September 2018”. So why then are the shares currently circa 20% lower on the back of them, to below 75p?...
- By Steve Moore |
- 11 December 2018, 08:51 |
KEFI Minerals – Tulu Kapi update, positive regulatory consent news “in the coming weeks”?
KEFI Minerals (KEFI) has updated on the Tulu Kapi gold project in Ethiopia – including of a programme of works following “advice the company has received from the Ethiopian Federal and Regional Government agencies that the handful of remaining regulatory consents required for triggering the project are expected to be provided in the coming weeks”…
- By HotStockRockets |
- 11 December 2018, 05:07 |
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Telit: Disposal delays, profits warning and other fake news
If smug Sam Smith’s FinnCrap (FCAP) had any integrity at all this RNS would have contained a line about how FinnCrap had quit as Nomad after reveltaions that fraudster & fugitive from justice Uzi Katz was still pulling the strings at Telit (TCM) and that a search was on for a new adviser. But FinnCrap is morally bankrupt so let's stick to the bad news.
- By Tom Winnifrith, The Sheriff of AIM |
- 11 December 2018, 04:53 |
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MySale – more own goals than Aziz Behich & co at the 2018 World Cup?
“MySale Group plc (AIM: MYSL), the leading international online retailer, today provides the following update on current trading and group strategy”. Uh oh – not ‘pleased to provide’ then…
- By Steve Moore |
- 11 December 2018, 04:51 |
Bluebird Merchant Ventures – emphasises “excellent” initial metallurgical results from Kochang, remains a buy
Bluebird Merchant Ventures (BMV) “is pleased to announce excellent results relating to initial metallurgical test work conducted on a composite ore sample from Kochang Mine”…
- By HotStockRockets |
- 11 December 2018, 04:40 |
My plan to save Neil Woodford £3.5 million….the Kier clusterfuck gets worse
Well the next disaster set to strike Neil Woodford looks to be Kier Group (KIE) again, for he appears to be caught between a rock and a hard place. We know that the rights issue was announced on 30 November and that Neil was on the hook for around £37 million from that. Yet as the shares crashed on the news, Woody was buying yet more, increasing his stake from 14.12% to 15.4% (15 million shares) by 4 December. But the shares now trade below the rights offer price. Uh-oh!
- By Nigel Somerville |
- 11 December 2018, 03:25 |
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Ashtead – good...but I feel I can do better
A year ago I was a little early in saying it was time to sell/take profits in Ashtead (AHT) at the twenty quid level...but I can live with this given the good and nicely profitable bump in the share beforehand. Now the share price is just under the seventeen quid level and this has piqued my interest again because the rental of industrial goods is a growth business and Ashtead has a very decent market position in both the UK and especially the US...
- By Chris Bailey |
- 11 December 2018, 02:25 |
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Kerboom: Julie Meyer leaves another solicitor unpaid - damning court documents published
Oh dear, Oh dear. At the start of this year Julie "lingerie on expenses" Meyer MBE and her Ariadne Group of ponzis had unpaid bills with Nineteen serperate law firms. Then she hired Shakespeare Martineau to battle brave Henry Gewanter and others. Guess what? Shakespeare Martineau has filed court documents explianing why it is no longer acting for this wretched woman and they are damning. I publish them in full below. Meyer's new lawyers are a small firm called Cunningtons LLP. I do hope it is not spending all the sums they are invoicing for just yet! The court filing speaks for itself...
- By Tom Winnifrith |
- 11 December 2018, 02:04 |
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Europa Metals issues a farcical RNS - it doesn't know exactly where its project is geographically & can't give any figures about the economics!
I can’t see Europa Metals (EUZ) shareholders being particularly pleased with the latest news from the company, and even less so with the 22% odd drop that it caused in the share price yesterday. This small AIM company is one that I haven’t exactly been a fan of in the past in its previous incarnation as Ferrum Crescent, and as is often the way with these companies that change name, and even management, not a lot tends to change with regards to performance...
- By Gary Newman |
- 11 December 2018, 01:36 |
eServGlobal – 2:35pm big Brexit afternoon “Trading Update”. Uh oh…
Previously writing on eServGlobal (ESG) in May it was with the company emphasising “the core business benefitting from a much-reduced cost base, which is already showing signs of progress against a refreshed sales approach”. Now a 2:35pm “Trading Update”. Hmmm – on a significant Brexit afternoon, an attempted no-one watching o’clock?...
- By Steve Moore |
- 11 December 2018, 01:25 |
Big Funding from Korea Could Mean a Sizzling Future for this Modest Medical Pioneer
Hello, Share Bouncers. As the big shares continue to topple on the Brexit mess to end all messes, I still find myself in decent shape. And that’s because penny shares have a mind of their own, not usually affected by dodgy events of the day. Yes, I’m a big believer in the cheapos. My jumbo winner so far this week surged 32% in a day...
- By Malcolm Stacey |
- 11 December 2018, 01:15 |