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Tom Winnifrith Bearcast: Argo shows our journalists really can write what they want & before Wildes laughs too much at m e
In today's bearcast I start with Argo Blockchain (ARB) and what our coverage shows again. Then it is onto Mark Carney and the Sunday Times talking Project Fear Brexit bollocks on Sterling. Finally David Lenigas, Luke Johnson and why this bubble will not be different to any other.
- By Tom Winnifrith |
- 5 August 2018, 18:59 |
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Even allowing for the tax dispute risks, JKX looks good value - speculative buy
Often at the lower end of the oil and gas sector private investors get fixated with taking gambles on drills with large prospective resources and dream of untold riches if the company gets lucky with the drill bit, but the reality is that in the majority of cases this will result in a duster and substantial losses.
- By Gary Newman |
- 5 August 2018, 12:56 |
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After the ouzo, what now for Tern? And what about InVMA?
It seems as though AIM-listed Tern has been found out – and not for the first time. Having had my traditional ouzo, the question is what happens next. And while we are at it, what about its investments into InVMA?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 5 August 2018, 11:51 |
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Atom Bank: Is this the worst stock in Woodford’s portfolio?
I appreciate that the heading seems like a bold claim with such stiff competition but with Atom Bank putting out its results or the year to 31 March 2018 this week, I do think it is a serious contender.
- By Cynical Bear |
- 5 August 2018, 11:22 |
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William Hill wants its American boy way too much
I enjoyed Malcolm's piece on William Hill (WMH) yesterday. I too had checked out Friday's results statement which included (inevitably) a Gareth Southgate picture on the cover of its analyst presentation document. Goodness only knows what they would have done if we had actually won...
- By Chris Bailey |
- 5 August 2018, 11:18 |
Argo Blockchain: Congrats to Adrian Beeston, the Golden Fleece has been well and truly found
I have a grudging admiration for the stock promoters that inhabit the lower reaches of AIM or the Standard List playing around with cash shells and investment vehicles looking for the next big thing such as Chris Akers, Peter Redmond, Geoffrey Dart etc. Just sometimes it goes spectacularly right and I take my hat off to Adrian Beeston who has pulled off a fabulous heist at Argo Blockchain (ARB).
- By Cynical Bear |
- 5 August 2018, 10:11 |
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FastForward Innovations – Oh dear, Jim Mellon and Lorne Abony have been taking lessons from Mr Woodford!
Tom covered much of the nonsense surrounding the FastForward Innovations’ (FFWD) placing last week (HERE) but I wanted to look at how Jim Mellon and Lorne Abony got themselves into that particular mess as they seem to have taken a couple of plays straight out of “star fund manager” Neil Woodford’s book.
- By Cynical Bear |
- 5 August 2018, 09:55 |
Notes from Underground - Sure we lose money on each item, but we make it up in volume
I'm a fan and user of Uber. I call up an app on my iPhone, tell it where I want to go, and five minutes later someone will come by and take me there at a price less than the cost of a Black Cab. This can happen because Uber has billlions from investors and loses money on every ride that it provides. I didn't say I was an investor of the service.
- By Hackney Hipster Darren Atwater |
- 5 August 2018, 09:31 |
Tesla Q2 Results; Stormy Weather in Shortsville & doing UK Oil & Gas due diligence
On Thursday, shares in Tesla (NASDAQ:TSLA) rose to levels not seen since June, as the market reacted favourably to its Q2 numbers and the subsequent earnings call.
- By Lucian Miers |
- 4 August 2018, 09:00 |
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Concepta - £2 million placing at 4p. Suck up justifiable anger and BUY
Tom Winnifrith was an insider on this one but opted not to participate in the placing after all the grief he got for taking part on the Premaitha (NIPT) placing at 4.5p a couple of months ago. Premaitha shares are now 9.9p and that is what you may wish to consider.
- By HotStockRockets |
- 4 August 2018, 08:55 |
Table of shorted AIM shares - week to 03/08/2018
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
- By Steve Moore |
- 4 August 2018, 08:54 |
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Tom Winnifrith Bearcast: My biggest investment mistakes (and there have been a few) and the BMR Mega scandal for WH Ireland and AIM
I start this podcast by reflecting on my biggest investment mistakes of which selling some Optibiotix (OPTI) three years ago must be in the top ten. Stagging Argo Blockchain (ARB) hjas so far been a small mistake but I reflect on that too. Then I reflect on the bombshell by Nigel Somerville on BMR Group (BMR) which shows AIM Regulation not fit for purpose and opens up a mega scandal for WH Ireland (WHI). What happens next i ask, referring to good news on the claims against Cantor Fitzgerald re African Potash (AFPO)
- By Tom Winnifrith |
- 4 August 2018, 08:45 |
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BMR Group – Booted off AIM yesterday morning, but what is the real scandal?
I wrote a few pieces on (now formerly) AIM-listed BMR Holdings (BMR) back in February when its Zambian Mining rights were stripped away – the previous threat of which it seemed to know of the previous September (when it did a placing) but did not share with the market. That was eventually resolved and the rights restored, but this morning BMR was given the boot from the Casino. Perhaps we should not be too surprised, but I wondered what was going on here. What I have been told suggests an absolute scandal – but not at the hands of BMR…..
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 4 August 2018, 08:18 |
William Hill Has a High Hill to Climb to Overcome the Recent Curb on Gambling Machines.
Hello Share Pushers. First of all, an admission of bias. I avoid investing in gambling firms. This is because I like to think my money goes into making stuff or providing services which actually add to world values. And I think most gambling is often a waste of money with little concrete being produced. I realise this is kill-joy puritanism, but I can't help it.
- By Malcolm Stacey |
- 4 August 2018, 08:15 |
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Tom Winnifrith Bearcast - which is naughtier: Lyin' Steve Sanderson's UK Oil & Gas or Jim Mellon's FastForward?
In this podcast I look at FastForward (FFWD), Optibiotix (OPTI) - ouzo from Cynical on its way - Tern (Nigel will be celebrating with ouzo tonight) and UK Oil & Gas (UKOG). Tomorrow Lucian Miers has the treat of all treats for his godson Joshua so there may be no bearcast or maybe there will be a very early one.
- By Tom Winnifrith |
- 3 August 2018, 16:06 |
End July performance update: start of 2018 top shorted London-listed shares
Early this year we showed the ten top shorted London-listed shares at the start of 2018. After the latest month, how's performance?...
- By Steve Moore |
- 3 August 2018, 16:03 |
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UK Oil & Gas misleads mug punters on twitter: spot the difference
An RNS has to be signed off by a Nomad as fair and not misleading. UK Oil & Gas (UKOG) is sometimes forced to correct an RNS which it turns out was in fact misleading but there is at least some control. On twitter UK Oil & Gas says what it likes. So can you spot the difference?
- By Tom Winnifrith |
- 3 August 2018, 14:45 |
Portmeirion – half-year results, set for an earnings beat?
Portmeirion, Spode, Wax Lyrical, Royal Worcester and Pimpernel homewares company Portmeirion Group (PMP) has been “pleased to announce its performance for the six months ended 30 June 2018” - and the shares have responded higher, currently to 1170p…
- By Steve Moore |
- 3 August 2018, 14:43 |
Seeing Machines – revenue “within the range of the previous guidance”. Er…
A full-year trading update from Seeing Machines (SEE), the self-described “advanced computer vision technology company that designs AI powered operator monitoring systems to improve transport safety”, commences “total sales revenue was A$30.7 million, an increase of 127% year-on-year (2017: A$13.5 million) and within the range of the previous guidance published”. Sounds promising – so why a current more than 5% share price decline?…
- By Steve Moore |
- 3 August 2018, 11:30 |
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Tern – “clarifies”. Has it committed securities fraud, or does it just stink?
Shares in AIM-listed Tern plc (TERN) are down sharply this morning by 20% (last seen) on a clarification from the company regarding its principle investee Device Authority. In short, forecasts were, shall we say, a tad optimistic. That, in the wake of a placing at 26p. Perhaps some kind person can explain why that might not amount to securities fraud, for as a humble non-lawyer all I can say is it stinks.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 3 August 2018, 10:35 |