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First Derivatives – another curious deal: 1010 Data
In a weekend bearcast I flagged up that the real issue with First Derivatives (FDP) is that its core business is a rotten generator of cash. And that – as well as the fraudulent IPO and dodgy related party deals is why the shares ( off again this morning to £28.35) remain massively overvalued. So what do you do if you are set to report dire free cashflows? Natch turn to the Sam Antar playbook – meet 1010 Data
- By Tom Winnifrith, The Sheriff of AIM |
- 9 October 2018, 09:06 |
AIM- still sliding towards a bear market
Statistics released for the month of September by the London Stock Exchange show that AIM is still contracting. When I wrote about this last month, AIM was already at its lowest ebb since 2004 and the latest numbers suggest that the decline is still ongoing.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 9 October 2018, 08:37 |
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Neill Ricketts walks on water but Versarien remains a sell for the brave (& First Derivatives)
Neill Ricketts, CEO of Versarien (VRS), the graphene company which is currently the number one pin-up stock on AIM, can be forgiven for thinking that he can walk on water.
- By Lucian Miers |
- 9 October 2018, 08:30 |
Buy the current Vodafone weakness for long term gains and a healthy dividend yield
Vodafone (VOD) has had a very weak year so far and the share price has been dropping steadily, but I believe that it can still turn things around longer term.
- By Gary Newman |
- 9 October 2018, 08:12 |
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Tern - Shocking Device Authority FY17 accounts released
AIM-listed IoT investment company Tern (TERN) has seen its shares dropping again, despite the calls to Tom Winnifrith saying how shorts are being called in. That might put an upward pressure on the stock, but there is plenty down pressure too – and that includes today’s unaudited and abridged accounts for FY17 from principal investee Device Authority.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 9 October 2018, 08:11 |
Royal Mail is Not Delivering the Same Profits as 2017 and May be Given a Miss
Hello, Share Spinners. With the shops already beginning to stock up Christmassy things (shame!), businesses significantly affected by the Yule spirit will soon begin to bounce up. Or not fall as quickly as they might have done, according to their own unique circumstances. One such company is Royal Mail (RMG).
- By Malcolm Stacey |
- 9 October 2018, 08:10 |
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First Derivatives and its “Customer Wins”
While readers reflect upon the various related party transactions undertaken by First Derivatives (FDP) over the years, see HERE and HERE, and in anticipation of further revelations to come do the smart thing and SELL, it seems an opportune moment to consider more recent “contract wins”.
- By Tom Winnifrith, The Sheriff of AIM |
- 8 October 2018, 11:30 |
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Tom Winifrith Bearcast - Distracted by an illegitimate great grandmother as Robbie Burns offers to kill me
The somewhat obscure headline references are explained in the podcast suffice to say Mr Burns is a top guy and no Darren Winters as implied yesterday. At a company level I look at Accesso Technology (ASCO), Diurnal Group (DNL), First Derivatives (FDP), SalvarX (SALV), Sosandar (SOS) and Akers Bioscionces (AKR) and a most extraordinary statement from it today.
- By Tom Winnifrith |
- 8 October 2018, 11:24 |
Minoan – Updates on GM (to dispose of travel) day
AIM-listed Minoan (MIN) has updated the market on its Greek resort in Crete, Cavo Sidero, on the day of its general meeting at which it hopes to gain approval for the disposal of its travel and leisure division. There are some indications of some good news to come, but this morning’s statement reads pretty defensively as those shareholders turning up to the GM prepare to cast their votes.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 8 October 2018, 10:45 |
Like with Lehman, Tesla’s deception is about to catch up with it
From military exercises to trade wars, the fury is intensifying. At the same time, global liquidity is compressing while rates are rising. Growing uncertainty, contracting liquidity & rising cost of capital will continue to place non-US assets (and in particular EMs) in the crosshairs.
- By David Scott |
- 8 October 2018, 10:44 |
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First Derivatives - another related party deal that stinks, Carrickbridge Developments Limited
The related party deal exposed HERE on Saturday that helped First Derivatives (FDP) to list via crooked broker JM Finn should have made any sane investor run for the hills. But for insane investors still on board there are more whiffy deals to examine. So here is number two...
- By Tom Winnifrith, The Sheriff of AIM |
- 8 October 2018, 09:58 |
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A blast from the past: Chris Foster & Alpha Prospects, the story’s repeating itself and hoodwinked investors will meet their Waterloo once again
Much of the background to this can be found in my articles here. As a quick recap: Chris Foster was Tim Baldwin’s sidekick at TXO. One of the things they wasted shareholders money on (apart from obscene directors’ fees) was backing Mad Malc Bendall’s (vision from God showing him lakes of oil under Tasmania) utter farce as he tried to keep hold of his licence, which he claimed was worth $3 billion. When TXO’s Nomad (Northland) finally resigned, there was another Nomad prepared to take the company on and save the AIM listing, but that was conditional on Tim and Chris resigning. They refused to resign and the rest is history, along with any hope their trapped shareholders had of seeing any of their money ever again.
- By Newt Seaman |
- 8 October 2018, 09:46 |
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Rose Petroleum - a Buy
Half-year results from Rose Petroleum (ROSE) saw it concluding “the board is looking ahead with confidence and is excited about the group moving from being an oil explorer to an oil producer in the next quarter”. The shares responded higher, but at still little more than a £5 million market cap we see much more excitement to come…
- By HotStockRockets |
- 8 October 2018, 09:00 |
Buy Union Jack Oil at 0.09p target 0.28p, 0.64p or 3.84p - Zac Phillips, No 1 oil analyst
The City's No 1 oil analyst Zac Phillips has today published a note on Union Jack Oil (UJO) setting out exactly why he is so bullish. Over to the great man...
- By Tom Winnifrith |
- 8 October 2018, 09:00 |
Catenae Innovation - coming together now we believe
Catenae Innovation (CTEA) has had an update of sorts. We have also spoken to the company. It is coming together now, we believe.
- By HotStockRockets |
- 8 October 2018, 08:40 |
The Low-Key Advantage of Dividends Often Come Second to the Share Price. But Is that Wise, Captain Mainwaring?
Hello Share Manglers. Lots of my shares and cash are still held in the Beaufort Securities administration process. When checking my family’s cash which is in there, I discovered that it had grown quite a bit since the firm’s enforced close down. This is down to dividends which have been paid in the interim.
- By Malcolm Stacey |
- 8 October 2018, 08:11 |
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Just 5 (FIVE) places left: 16 October me Dom Frisby, Falanx and a long Premaitha slot plus booze & canapes
There are now just the last 5 ( of 120) places left for the next Wray family organised UK Investor evening seminar in central London. So if you want to book a slot do so now HERE. The event kicks off with drinks and canapes from 5.30 with the first talk just after six. It will be a packed evening.
- By Tom Winnifrith |
- 7 October 2018, 13:43 |
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Thomas Cook: despite the Club 18-30 malaise, is it a buy?
I read in the Sunday press today that Club 18-30 is to close. Even during the mooted target age range, i had zero interest in going on one of its holidays and the only reason I am talking about it now is that the brand is amazingly currently owned by the staid old travel company Thomas Cook (TCG).
- By Chris Bailey of Financial Orbit |
- 7 October 2018, 13:39 |
Premaitha – Bits and bobs mostly good but...
I am looking forward to grilling Premaitha (NIPT) at the Nigel Wray London seminar on 16 October. There are still a few places going and its free – details HERE. Meanwhile we have three pieces of news this week following that rather disappointing placing at 10p two Friday's ago caused by the a’hole behaviour of the toads at FinnCap. Yes this is Tom Winnifrith writing…
- By Tom Winnifrith for HotStockRockets |
- 7 October 2018, 13:36 |
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Revenue plunges, losses soar at Jim Mellon’s Master Investor – is he preparing to shut it down?
Oh dear, oh dear. After my old offshore based, tax averse, pal Jim Mellon saw guests speaking to a near deserted hall in 2018 you wondered what the next disaster from his Master Investor show would be. Well the old asset stripper has just published calendar 2017 accounts and they are the grimmest yet and come with a stark warning that the game may be almost up.
- By Tom Winnifrith |
- 7 October 2018, 12:08 |