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Latest News

SOLO

Solo shares at 0.24p worth 0.91p - really? What is a Spec Buy? Is this Corporate BS?

Beaufort Securities acts as house broker to Solo Oil (SOLO) so it is paid to write research on the company. Think of the relationship as being like that as between a hooker and a punter. The punter pays the bills. The hooker assures him that he is hung like a donkey. With that minor caveat I bring you a fairly detailed note from research analyst Charles Long at Beaufort out today. Apparently the shares, now 0.24p are worth 0.91p. But Hang on Henry...

TRAK
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TrakM8– still burning cash & still promising jam tomorrow, this is just a bad business

My contention, questioned by certain other well known share bloggers, is that TrakM8 (TRAK) is what Warren Buffett would define as a "bad company." That is not saying that it is a fraud. It is not, although it has told untruth's in RNS's and raised cash to buy some strange old businesses. It is bad because it just does not generate free cashflow. Paul Scott, PR crony capitalist Reg Hoare or the paid corporate shrills can bang on abourt earnings per share till the cows come home but earnings are a matter of opinion, cash is a matter of fact. Trakm8 yesterday published its, piss poor, results for the year ended 31 March 2017.

OBT
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Obtala - talk about a PR own goal: but still a BUY!

We cannot pretend that we are not a bit angry with Obtala (OBT) for the PR own goal it scored on Friday. The shares closed down 3.5% at 17.5-17.75p and are a buy at up to 20.5p but - as shareholders - we are pissed! The own goal is two fold:

MYSQ
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MySquar - the bollocks trading statement and crazy valuation

AIM ramp de jour MySquar (MYSQ) has today boasted that in the last days of June as daily sales reached $8500 "the business has reached a very significant milestone of achieving run rate operating breakeven". Er..can you smell the red herrings - they are hidden underneath the red flags.

BST
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Big Sofa Final results - some people act without thinking others like Value the Markets just deceive you

"When's the Big Sofa (BST) placing?" said one of our contributors after results last week. Well "there isn't one" said the company. Over at Value the Markets they claimed that the company had guided that it would do calendar 2016 sales of £1.5-£2 million when it listed (sales came in at £757,000). Given that miss VTM said "take profits" and Leon Boros of the discredited abusers and rampers nest that is ShareSoc tweeted this aggressively. But there was no official guidance from the company- that was not true. The company listed on 19 December 2016 - is anyone really claiming it guided to £1.5-£2 million 6 days before Christmas and 12 days before the year end when it would have know that its sales just ahead of the Christmas break were going to be c £757,000 ( the eventual FY number) . What total bollocks.

AVN
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Shit sandwich with jam tomorrow on top: trading statement from Avanti Coms - but here's what its hiding

Avanti Communications (AVN) has surprised no-one with a grim old trading statement covering the year to June 30th 2016. But the CEO who boasts of how he misled investors with a faked demo to raise funding has - as usual - tried to make a shit sandwich more palatable by serving it covered in oodles of jam tomorrow. But there is something that bombastic prick David Williams is not telling you....

SHI

SIG Set To Get Back on Track with a A (Fairly) New Head Honcho

Hello share takers. Energy costs are in the news again, with the government’s latest ploy to cap charges for the less well off among us. It doesn’t quite seem the right time to invest in electricity suppliers, does it?

MIN

Minoan - as predicted here: Loan extension given: BUY

As we predicted exactly one week ago here, Minoan (MIN) will not - as some Bulletin Board savants had suggested - have to repay the £5 million loan it got in October 2013 from Hillside International Holdings at close of play today. Minoan clearly did not have the cash.

Conservatives

End Austerity NOW - Saturday Caption Contest Result

On Saturday we supplied the picture below of two food bank using victims of evil Tory austerity marching to make the world a better place. We asked you for suitable captions and many were supplied as you can see HERE.

ECHO
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Echo Energy - down after Sound News but further to fall?

Shares in Echo Energy are off by 5% at 14.5p mid today on the back of the bad news on the drilling front from Sound Energy (SOU). But do they have further to fall? On fundamentals yes they do. 

HNR
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Highlands Natural Resources, the wheels are coming off. Sell!

It looks like the game may soon be up for UK-listed, American oil stock promotion Highlands Natural Resources (HNR). In its prelims, announced last week, the company stated that it needs to raise funds either by issuing equity or third-party participation in its East Denver project.

Bear

The borrower is the servant of the lender

In the week the world's top central bankers delivered what appears seems to have be a collective message that quantitative easing is being put back in its box and interest rates are going up. Until  now stock and bonds have being  trading higher on the premise that the total pot of global liquidity was still swelling despite rising Federal Reserve rates - courtesy of ongoing European Central Bank and Bank of Japan bond buying programmes, most of all. Mario Draghi's change of tack on Tuesday had the most impact, far more than any of the recent Fed utterances. All of a sudden the usual central bank noises have suddenly harmonised over what the Bank for International Settlements calls the "great unwinding" of easy money. 

Crime-Scene
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EXPLOSIVE: Conman Darren Winters and his evil wife Tatjana slammed by Judge in another Courtroom thrashing - full transcript

No doubt charlatan and snake oil salesman Darren Winters and his evil cancer-patient conning wife Tatjana Valujeva will again use Europe's daft privacy laws to ensure there is no google link to this article which contains a full transcript of a court case showing what complete and utter bastards and conmen they are. So we beg you ALL to use the tweet & Linkedin buttons below the headline, to put a link on every Bulletin board or every finance article you find soi that folks can be warned about this man who has been conning decent folk for almost 20 years.

FRR
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Frontera Resources - Management are selfish greedy pigs - or words to that effect from Zac The Knife

The City's No 1 oil analyst Zac "the Knife" Phillips of SP Angel is in full flow on the subject of Frontera Resources (FRR) where the management team has today, again, shown that they are greedy selfish pigs who do not give a flying wotsit about shareholder dilution. The Knife puts it a tad more diplomatically but he does not hide his undisguised - and 100% justified - contempt for Steve Nicandros and his co-directors. Over to the Knife...

AFN
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ADVFN - are you happy making money from neo-paedophiles or those who think Lolita was a guide to dating?

Sometimes in business you have a moral choice. Do you accept the custom of an individual or not. As a libertarian I do not thing it should be for the state to tell me who I can or cannot choose to serve. 

SOU
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Sound Energy - shares crash as Badile flops, is the company really pleased?

Some folks are just lazy fucks. The team round at PR crony capitalists Vigo Communications who charge an arm and a leg for spinning for Sound Energy (SOU) appear to be such folks, as they put together today's disastrous press release using cut and paste. It starts "Sound Energy, the African and European focused upstream gas company, is pleased to provide an update on the drilling of the Badile exploration well, onshore Italy.". With what followed I bet the ranch that Sound was anything but pleased. Hint: the shares have crashed by 30% to 54.25p in early trade.

JOUL

As Other Retailers Struggle, This Could Be your Joul in the Crown.

Hello Share Spotters. As many members of her Cabinet are pressing Mrs May and her chancellor to ease back on austerity, I’m reminded that the growing national debt seems to deny that there is any real frugality at all. 

Clown

New Bulletin Board Moron of the Week contest - sponsored by Paul "Queenie" McManus PR to London's worst frauds & AIM trash

Queenie smears journalists and spins for all the worst companies on the casino from fraudsters Eden to Advanced Oncotherapy to Norfolk's finest Fusionex. He truly is a posterboy for AIM and thus a fitting sponsor for this week's contest.  The challenge: We're looking for exemplary examples of sheer stupidity from those founts of brilliance; the Bulletin Board Morons who dwell on the cesspits that are LSE.co.uk, III.co.uk and ADVFN.co.uk. The deadline to post your entries in the comments section below is midnight, Sunday 2 July.

MTR

Metal Tiger - 2016 results & “encouraging” 2017 progress - BUY

Metal Tiger (MTR) has announced 2016 results and emphasised “encouraging” progress in the first half of 2017…

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