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TrakM8! Timber! Chickens come home to roost big time!
For a while it was going so well for TrakM8 (TRAK). Put out RNS’s saying you had cash when you had debt, record ramptastic interviews with thirsty Paul Scott and get him ramping hard, make really dodgy acquisitions that made no sense, generate no cash and watch the shares go ever higher. Then the Sheriff of AIM started to look underneath the hood and kick the tyres. The shares were 360p back then. They are opening today at just 23p to sell after a truly diabolical set of results and a (lack of) profits warning. If you were at the heart of the rampfest, it would be enough to turn a man to drink.
- By Tom Winnifrith, The Sheriff of AIM |
- 16 November 2018, 02:18 |
Ariana Resources – directors buy further shares & company events
Following positive Kiziltepe quarterly results earlier this week, now “Director/PDMR Shareholding” and “Corporate Events” announcements from Ariana Resources (AAU)…
- By HotStockRockets |
- 16 November 2018, 01:35 |
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TomCo – London’s broker of worst repute quits claiming association damages its reputation
SVS Securities did a bailout placing for the fraud MySquar (MYSQ) days before its downfall, knowing full well that the company was a wrong ‘un. That had to be reversed PDQ as it emerged that the ex CEO had half inched almost a million quid.. Suffice to say it will act for almost anyone and its reputation is of being a thoroughly low grade and morally bankrupt operation. So when it quits an account to protect its reputation you know that the company in question is toxic. Welcome to long time uber dog Tomco (TOM)
- By Tom Winnifrith |
- 16 November 2018, 01:16 |
This Ambitious Outfit Could Be a Tonic to Your Share Bag Thanks to a Booming Market
Hello, Share Dabblers. Here’s another AIM company which might actually be worth investing in. Clinigen (CLIN) is a medicines distributor. And, as the world seems to be moving towards older and sicker, the market is likely to expand. And there’s nothing better for share price prospects than an expanding market.
- By Malcolm Stacey |
- 16 November 2018, 01:16 |
Conroy Gold – FY results…..balance sheet a shambles, the end is surely nigh: SELL
AIM-listed Conroy Gold and Natural Resources (CGNR) offered up its FY results to May y31 esterday morning. There was plenty of blarney, of course, but the bottom line is that the balance sheet is in a mess – it needs yet another mega-placing PDQ to keep the lights on, and I don’t think it will get it away. Oh, and NED, Dr Karl Keegan, is stepping down after just 15 months in the job. In short, the end appears to be nigh.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 15 November 2018, 08:31 |
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Woodford’s dog days continue – no Sleep this Eve!
I always thought that mattresses were all about getting a good night’s sleep. Thank goodness I didn’t follow Neil Woodford into (now) AIM-listed Eve Sleep, paying up to 150p a share for 30% of the business and now facing another cash call with the shares down at just 15p!
- By Nigel Somerville |
- 15 November 2018, 07:58 |
Integumen – argued ‘transformational improvement’ sees shares soaring, BUT…
Shares in skin care and cosmetics company Integumen (SKIN) are currently soaring on the back of a “Trading Update” commencing; “The company is pleased to announce the increased growth in product sales and contract test services at Labskin”…
- By Steve Moore |
- 15 November 2018, 07:39 |
Video - gold stocks could crash
Or they might not. But the potential is there warns the only technical analyst/chartist on this planet we pay any attention to, Jordan Roy-Byrne in the latest podcast from Palisade Capital.
- By Tom Winnifrith |
- 15 November 2018, 04:58 |
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Tom Winnifrith Bearcast - 5 resignations and counting, is wretched Mrs May toast?
In today's bearcast I clarify why I believe Mrs May's Brexit deal sucks and should be binned. But what happens next? I outline a few possibilities but admit I have not got a scoobie. I then look at Neil Woodford dog Eve Sleep (EVE) and again at UK Oil & Gas (UKOG) after today's disastrous news.
- By Tom Winnifrith |
- 15 November 2018, 04:33 |
Falanx - unimpressive interims & placing, though shares to still more than double?
Forget all the blather about how Falanx (FLX) will use the £4 million net raised at 3p to grow its business. Interim results for the period to 30 September show that it was almost out of cash. It is thus quite infuriating for the company to state that it has raised the cash “in response to institutional demand”. Whoever wrote that should be hung, drawn and quartered and have their head placed on a spike outside the Stock Exchange as a warning to others who sput such obvious bollocks via RNS. To the results first...
- By Tom Winnifrith for HotStockRockets |
- 15 November 2018, 04:30 |
LightwaveRF – distribution agreement with “high-profile retailer” Dixons Carphone. Great news? Er…
LightwaveRF (LWRF) is “delighted to have signed an agreement with another high-profile retailer… the leading smart home solutions provider, is pleased to announce a distribution agreement with Dixons Carphone”. Great news? Er…
- By Steve Moore |
- 15 November 2018, 04:00 |
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UK Oil & Gas & its Gatwick “Gusher” Horse Hill is a donkey: it's official
Hard data from sustained flow testing at Horse Hill is out today and if you think that it justifies a £100 million market cap for UK Oil & Gas (UKOG) then I know a Nigerian General who wants to send you an email with an offer you cannot refuse. This is terrible news but you were warned!
- By Tom Winnifrith |
- 15 November 2018, 01:25 |
Plant Health Care – “Positive Developments with Harpin”, but positive enough to achieve revenue & cash expectations?
Previously writing on Plant Health Care (PHC) it was on a share price slump earlier this year to circa 15p. The latest is a “Positive Developments with Harpin” announcement – though the shares are currently at 10.1p…
- By Steve Moore |
- 15 November 2018, 01:20 |
China, Bermuda and London Brought Together by Griffin Mining in What Could be a Zinc-Bottomed Golden Opportunity
Hello, Share Tweezers. As Gilbert and Sullivan might say: here’s a howdy-do. An AIM company incorporated on the exotic island of Bermuda with a big interest in a Chinese miner. Griffin Mining (GFM) though looks worth a shufti because its fundamentals are quite tasty and its history is sound.
- By Malcolm Stacey |
- 15 November 2018, 01:14 |
Seeing Machines – “very well placed” to leverage developments. Really?
An AGM statement from Seeing Machines (SEE) sees it emphasised “the past 12 months have been the most exciting and pivotal periods for Seeing Machines since the business was founded” and that “Seeing Machines is very well placed to leverage these developments”. The shares have currently nudged higher, towards 6p in response – but this also compares to more than 13p reached in June. Hmmm…
- By Steve Moore |
- 14 November 2018, 09:05 |
Ariana Resources – positive Kiziltepe quarterly results, remains a buy
Ariana Resources (AAU) has updated on quarterly operations from its 50% owned Kiziltepe mine, including “we are now well on track to exceed our production guidance for the year”…
- By HotStockRockets |
- 14 November 2018, 09:03 |
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Tom Winnifrith Bearcast: I agree with everyone on one matter & with in house Bulletin Board loon Wildes on another
I start with that upon which we are all surely agreed. Theresa May's Brexit deal is awful, she has acted treasonously towards Ulster and she must go now. Then it seems that Wildes and I agree on one aspect of news from Falanx (FLX) - I discuss its news today. I move on to Totally (TLY), Debenhams (DEB), BCA Marketplace (BCA), Johnston Press (JPR), Purplebricks (PURP) and First Derivatives (FDP)
- By Tom Winnifrith |
- 14 November 2018, 04:48 |
Mporium – argues “strong progress”, so what are new funds needed for?
Mporium (MPM), “the technology firm delivering event-driven marketing, is pleased to announce that it has conditionally raised approximately £2.3 million… at an issue price of 5 pence per subscription share”. This is with CEO Nelius De Groot emphasising “the group continues to make strong progress”, and the price comparing to a prior close of 4.3p. So great news then?...
- By Steve Moore |
- 14 November 2018, 04:35 |
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British Land, Intu and Workspace tell you property is dull, dull, dull (at best)
The lead headline in today's British Land (BLND) results is about rental growth but look at some of the other data: 'portfolio value down 1.9%...NAV down 2.9%' and a statutory loss. Yes, the interim dividend was upped by 3% but far more insightful is the continuing sale of assets by the company…
- By Chris Bailey |
- 14 November 2018, 03:30 |
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A Formal Request to the Financial Reporting Council to investigate First Derivatives
As you may be aware, the accounting watchdog, the Financial Reporting Council (FRC) is a great admirer of the work of The Sheriff of AIM. And always keen to give my good friends a pointer, I have today submitted a formal request to investigate the last three year’s accounts of First Derivatives (FDP). The issue is whether stated earnings represent the underlying picture. My letter, below, is to the point.
- By Tom Winnifrith, The Sheriff of AIM |
- 14 November 2018, 03:08 |