Hill & Smith – from ‘reconfirms its expectations’ to profit warning in less than 3 months (& should have been earlier!)
Hill & Smith (HILS) has announced results for the first half of 2018 – and having updated on 17th May, “...project delays and the weather-impacted start to the year in the UK... Since mid-March, the group has experienced improved order intake across its UK road and utilities businesses while continuing to record strong performances in both the US and French operations. The board reconfirms that its expectations for the full year remain unchanged”, the shares are currently circa 20% lower on the day at around 1200p…
- By Steve Moore |
- 8 August 2018, 14:58 |
Professor Richard Conroy you are talking buinneach
Perhaps my Gaelic is not quite up to scratch and I am willing to stand corrected by the founder and chairman of Conroy Gold & Natural Resources (CGNR) but I am trying to say in the language of "the old country" that he is talking bollocks in today's news release.
- By Tom Winnifrith |
- 8 August 2018, 11:45 |
InnovaDerma – “Appointment of CEO and Roots to be ranged in Tesco” enough to justify share price jump?
I first warned on shares in InnovaDerma (IDP) in January as they fell towards 230p. Less than two months later it was a profit warning, though the shares are currently bouncing more than 25% higher today, towards 140p – a market cap of circa £20 million, on the back of an “Appointment of CEO and Roots to be ranged in Tesco” announcement…
- By Steve Moore |
- 8 August 2018, 11:39 |
premium content
BlueJay Mining - the 1 simple question SP Angel refuses to answer - why?
My patience with BlueJay Mining (JAY) and its Nomad and broker SP Angel is now wearing thin. Yesterday I explained how the two grotestquely misled investors with an RNS. I have emailed John Meyer at SP Angel today with a follow up question which he and his firm just seem unwilling to answer. It is a critical question and the silence is deafening.
- By Tom Winnifrith, The Sheriff of AIM |
- 8 August 2018, 11:08 |
premium content
Lucian Miers: Bloodbath on Tesla Street - my worst trade in 10 years (or maybe not?)
Yesterday started badly for the bears when it emerged c/o the FT that the Saudi Sovereign Wealth Fund had built up a stake of 3-5% in Tesla (US:TSLA) via market purchases. It then got worse as CEO Elon Musk tweeted, yes tweeted rather than announcing via a formal announcement, that he was considering taking the company private at $420 a share and had funding.
- By Tom Winnifrith |
- 8 August 2018, 10:16 |
premium content
Quilter - spin-off opportunity?
I loved up Old Mutual (OMU) as an African-influenced play a couple of UK Investor Shows ago, but what ultimately pushed the shares up was that it split the business into its constituent parts including the wealth management business Quilter (QLT) – which announced its inaugural independent results today.
- By Chris Bailey |
- 8 August 2018, 09:40 |
Tern – trivial director purchases show yesterday’s news was just a ramp
AIM-listed Tern (TERN) has announced that two of its directors have been purchasing shares. Normally one would pay attention, but there are good reasons to see through this as just a spoof.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 8 August 2018, 08:36 |
Imaginatik – at 10p to buy, this is surely insane!
AIM-listed former Rob Terry stockmarket darling Imaginatek (IMTK) has been on a glorious run since it first emerged that Vin Murria might take the helm and use it as her new vehicle. Of course, that is really good news for Vin Murria walks on water, but 10p to buy? Surely you’re ‘avin’ a giraffe!
- By Nigel Somerville |
- 8 August 2018, 08:30 |
Perhaps Not the Time to Wimp Out of Taylor Wimpey, Chums, as the Divi Could Hit 10%
More and more of us, I suspect, are beginning to follow the sage advice of my noble colleague Nigel Somerville in recognising the blossoming importance of juicier dividends. Though the capital assets of our babies are mostly rising in the long-running bull market, a lot of us rely on dividends for our daily bread.
- By Malcolm Stacey |
- 8 August 2018, 08:22 |
Harvey Nash – “pleased to announce” a recommended offer. Hmmm…
The independent directors of Harvey Nash Group (HVN) and the board of an entity of DBAY Advisors Ltd “are pleased to announce” that they have agreed terms for a recommended cash offer for Harvey Nash. With this technology recruitment and outsourcing group having recently emphasised “the strong organic growth reported in the second half of last year has continued into the current year and the first quarter is tracking ahead of budget… we are confident of continuing to make significant progress in 2018”, a premium price?...
- By Steve Moore |
- 7 August 2018, 16:14 |
Optibiotix – New heavy hitter NED arrives HOLD TIGHT
Optibiotix (OPTI) has announced that subject to regulatory clearance, a formality, it will appoint Sean Christie as an additional Non-Executive Director.
- By HotStockRockets |
- 7 August 2018, 15:57 |
premium content
Tom Winnifrith Bearcast: BlueJay Mining I accuse you, and shamed Nomad low life SP Angel, of misleading investors
Bluejay (JAY) says it knows of no reason why its shares have fallen in the past couple of days. Sorry but that is 100% bollocks. It knows the reason, I tell you what it is and Bluejay's denial is a massive red flag. How did Nomad SP Angel - of MySquar infamy - sign off on this crap? I also look at Pantheon Resources (PANR) where the choice is dilution route A or dilution route B and at Imaginatik (IMTK). I know Vin Murria, of whose fan club I am the founder & life President, walks on stockmarket water but....
- By Tom Winnifrith |
- 7 August 2018, 15:38 |
Carclo – as previously cautioned; takeover proposal pulled = shares slump
Writing on plastic components and LED-based lighting systems manufacturing company Carclo (CAR) last month, I cautioned as the shares responded to a takeover proposal by rising back above 100p. Presently, the shares are more than 20% lower on the day, heading towards 90p…
- By Steve Moore |
- 7 August 2018, 14:56 |
premium content
Tern – “cannot comment on external, independent, commentary, valuations or assessments of the Company and its investments”? Er....
Back in 2015 AIM-listed Tern plc (TERN) responded to grenades from this website after we had exposed the “error” in an apparent valuation of Cryptosoft (now Device Authority) of $75 million when the company did a placing. It was a typo, and should have read $75,000 – and it wasn’t even a valuation. But Tern issued a Statement re share price movement which said there was nothing the company needed to announce and went ahead and did a placing, taking advantage of the hiked share price. The shares fell very sharply once the truth was out. And now we have “news” this morning. Is it too good to be true?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 7 August 2018, 14:03 |
premium content
No surprise to see the deadline for Nu-Oil's farm-in expire!
The only real surprise with the RNS that was issued by Nu-Oil (NUOG) this morning was that investors were actually surprised that there had been further delays to the farm-out process and completion of the work at its well in Newfoundland!
- By Gary Newman |
- 7 August 2018, 12:31 |
End July performance update: start of 2018 shorted AIM shares
Early this year we showed Shorted AIM shares at the start of 2018. After the latest month, how's performance?...
- By Steve Moore |
- 7 August 2018, 11:25 |
premium content
Domino's Pizza - bet it wishes everyone ate pizza like they do in Iceland!
A while back (as you can read here) I concluded you should wake me up at about a 250p Domino's Pizza (DOM) price. Well another day like today and the shares will crash through this level (and a bit more). So why is 'the official food of everything' having a 10%+ share price dump shocker today? I reckon there are three stories here.
- By Chris Bailey |
- 7 August 2018, 10:16 |
Photo Article: Cynical Bear does the decent thing on Optibiotix
For eons Cynical Bear has made one of his seven things that will never happen series, that Optibiotix (OPTI) shares would not reach 100p. As you may have twigged, they have reached and now breached, closing last night at 124p. And with a very pregnant deal pipeline so a stack of RNS's on the way, we who ignored the old Bear are feeling happy. I teased him that by way of apology he should send a bottle of ouzo to Sheriff of AIM Towers. He is a good man old Cynical Bear. Late last night, guess what arrived...
- By Tom Winnifrith |
- 7 August 2018, 08:20 |
Argo Blockchain - 195% upside in share price claims Gollum
We had the bear case on Argo Blockchain (ARB) from Cynical Bear over the weekend, I corrected a few points in bearcast yesterday but admit that I am clueless about my first blockchain stag. Now we have the bull case, 195% upside from 12.5p. The shares are now 13p. I should caveat that the detailed research report below was penned by the dribbling refugee from the Northern slums, the widely despised Richard "Gollum" Gill but if you are interested...
- By Tom Winnifrith |
- 7 August 2018, 08:15 |
Our Love Affair with Cats and Dogs Should Make Hay for Pets at Home
Hello Share Crushers. This family has just taken another inmate from the local cat rescue depot. It was meant to be a companion for our recently bereaved Caddy. But they'd been spitting at each other. The replacement moggie is also huge, so we'll be calling at our Pets at Home (PETS) store for more nosh - and feline first aid products.
- By Malcolm Stacey |
- 7 August 2018, 08:11 |