These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom article is Ferrexpo looks like a good recovery buy with large upside as long as its operations in Ukraine continue uninterrupted by Gary Newman at a sexy Number Six or Number 11 if you include Bearcasts.
Aquis listed VSA Capital (VSA) makes its dosh floating and raising money for shitty little companies on AIM, the Sub Standard List and Aquis. The photo below, from yesterday, shows its staff preparing to party in the sun. So, with a prize of some worthless shares in star VSA float AIQ Limited (AIQ), let's all play "spot the customer's yachts."
Sub-Standard-listed AIQ, the baby of Andrew Monk’s VSA Capital and Standard List posterboy for all that can go wrong, announced this morning that its IT consultancy business (what’s left of it) has been awarded a contract to supply an NFT marketplace, and that it has established partnerships with two suppliers. Big news……or not!
I noted yesterday that FY results from sub-Standard-Listed AIQ (AIQ) were due today. To leave one’s results to deadline day is of itself at Red Flag, but a brief nose through the numbers what a horrific shambles has been made of this VSA Capital/ Andrew Monk IPO from 2018. Fortunately, ShareProphets readers were warned right from the off.
We are (almost) at the end of February and the world appears to have changed very much for the worse. So how are my five slam-dunk sells of Tern plc (TERN), Trafalgar Property (TRAF), URU Metals (URU), Barkby Group (BARK) – all on the AIM Casino – and AIQ (AIQ) of the sub-Standard List doing?
We are just over a month into the year: how are my Slam-Dunk Sells for 2022 doing? My portfolio of disaster for this year was Tern plc (TERN), Trafalgar Property (TRAF), URU Metals (URU) and Barkby Group (BARK) of the world’s most successful growth market and, from the sub-Standard List, AIQ (AIQ).
The disaster that is sub-Standard-Listed AIQ has lust lurched from bad to worse: it has announced a £500,000 convertible loan from insiders, led by Executive Director Li Chin Chung with £250,000. But the insiders connection does not end there…..
Those who have not been cut off from Andrew Monk’s morning email will, over the past few years have been told time and time again how cheap are shares in the bastard son of Monk & David Lenigas, that is to say Anglo African Agriculture (AAAP). Shares in the company were 12.5p when Monkey first arranged a deal to reverse a Kenyan Port into the sub scale Zim South food producer. They are now 3.75p as that deal has fallen through.
The triumphs for me are Globo (GBO) where the man who should know recognises my unique work and puts the FT’s snot gobbler in his place as the FCA swoop and SpectrumX and some real Tory sleaze exposed as it goes bust as advisers say its IPO is on track. Then I look at AO World (AO.) where almost all the writers here are vindicated and deserve an ouzo tonight (sparkling water for puritan Chris), and Harland & Wolff (HARL) – ouzo for Peter Brailey, cabbage water for Andrew Monk. Finally a few words on the lastest spoof from the fraud Supply@ME Capital (SYME).
Very wisely, big Dave Lenigas stepped down as chairman of the company he founded on 30 July leaving his buddy Andrew Monk in charge. That the company’s adviser and broker on London’s standard list is VSA Resources run by er…. Andrew Monk is obviously not a conflict of interest at all. Anyhow, it is all ending in tears as an RTO underway for two years has hit the buffers and the company appears to be insolvent, What’s not to like?
Fresh from its less than flattering role in the Tim Yeo/TMO Renewables trial, Andrew Monk’s VSA Resources has today announced its intention to float on the Aquis lobster pot which Monkey laughably predicts will be Europe’s Nasdaq. You may be tempted because the last accounts show that VSA had a cracking year to March 31 2021. But hang on? Wasn’t VSA once on AIM?
Sub-Standard listed AIQ (AIQ), pride and joy of Andrew Monk’s VSA Capital fold, has updated the market with publication of its interims. Given that the company only joined the LSE sewer that is the Standard List in January 2018 and spent its first six months suspended – in part due to disclosure failures in its Prospectus (nice work, VSA) – one might not be surprised to learn that AIQ’s existence hasn’t exactly been stellar. But this morning’s Interims – to April – are utterly disastrous. Shame on all concerned.
Yet more red faces for Andrew Monk and his team at VSA Capital which launched this abomination on the stockmarket and still acts as its adviser. But I guess that coke and hookers don’t pay for themselves and a man’s got to do what a man’s got to do. What a total shambles! Sub-Standard-listed AIQ (AIQ) has announced the result of its strategic review this morning – this as a result of the disastrous reverse takeover of Alchemist Codes to add to the original and equally shambolic IPO on the sub-standard list back in 2018 which saw the stock suspended for most of its first six months on the market.
I start with good news on Rogue Bloggers for Woodlarks - see for yourself HERE. Then a few words about incredibly exciting work today at the Welsh Hovel. Then onto bitcoin, China and Argo Blockchain (ARB), which links to Zoetic (ZOE) which really is starting to collapse. Then onto the arrogance of the City, Neil Woodford, Andrew Monk and Hurricane Energy (HUR).
Oh dear, oh dear. Oh dearie dearie me. We warned you time and time again and even managed to get the shares suspended but somehow this bastard child of Andrew Monk’s VSA Resources. ;lurched on. Sub-Standard Listed AIQ, which spent most of its first six months on the market suspended after the IPO was botched, has delivered calamitous final results, called a strategic review and qualified its going concern statement. In short, it is mega-ouzo time for us, it is time for Mr Monk to apologise to one and all and donate the fat fees earned on this one to Rogue Bloggers for Woodlarks.
Talking of disgraces, 96% of listeners have yet to donate to Rogue Bloggers for Woodlarks, please do so today HERE. I have a message from Nick Richards for the 4% who have been generous. The stockmarket disgraces I cover are the fraud Zoetic (ZOE), Anemoi (AMOI) and Abingdon Heath (ABDX) – where there really must be a Steward’s on its Christmas IPO, which I panned at the time. I also look at Scotgold (SGZ) and discuss why Andrew Monk called SUPP/WPCT so badly wrong.
Schroder UK Public Private Trust (SUPP) – formerly Neil Woodford’s Patient Capital Trust (WPCT) – slipped out a new but unaudited net asset value statement yesterday at 3.32pm and it was shocking: it wiped another 20% off the previously stated NAV to bring the official figure down to just 35.01p per share. That, against the fantasy 89.07p when the flagship Woodford fund, Woodford Equity Income, was gated on 3 June 2019.
We are now up to eight rogue bloggers for Woodlarks with J, the son of reader Jonathan Price joining the party. That means one more person for the “having to talk to Dan Levi rota” so spreading the misery of hearing about the evils of Brexit and why disgraced Guardian fantasist Carole Cadwalladr is a genius, more widely. That is all good news. But think of how we will suffer on the day, even if it is now for less than 2 hours each and make a donation HERE. Meanwhile we continue with our training walks. As I look at the snow falling here in Wales I am glad I did my weekly walk yesterday. But here is a photo from Robert in Cornwall as he made it up to 15 miles.
The alternative energy sector is the broad term I use for non-oily & gassy energy listed companies. The sector has been hot all year and starts next year on some spectacular valuations. In many ways all valuations in the sector are bonkers, but which ones are most bonkers? And which companies are wearing Emperor’s new clothes? Here’s my meandering views on 6 leading contenders.
Sub-Standard-listed AIQ has had a chequered history since it floated on the London Stock Exchange courtesy of Andrew Monk and VSA Capital. The founding executive directors’ full details had not been correctly disclosed, there was the mother of all shambles as IPO share certificates failed to arrive in a timely manner and at the same time a buying frenzy – perhaps by people who thought there was a relationship to Mama Captain (denied), the stock spent most of its first four months as a listed entity suspended and even a placing to address the IPO shambles was messed up. Meanwhile, the stock was trading (when not suspended) at a ridiculous premium to cash, with no business.
I start with today’s Advent window and then turn to the issue of last minute talks with the EU regarding Brexit. As the grandson of a Bennite campaigner against the EU, I will have no Islington based fucktard lecture me about why I voted to leave. But I discuss the dire warnings in today’s papers about what may lie ahead. I also look at Novacyt (NCYT) and the pointlessness of debating with those whose starting point is not listening to what I have ever said, or reading what I have ever written, and then attacking me for what I have not said!
700,000 folks have lost their jobs since the start of lockdown. And as furlough unwinds and as Boris plunges us, for no reason, into another lockdown there will be many more having to sign on. Among those folks who have kept their jobs many have seen pay ciuts. Just two sectors have seen pay rises: the public sector including the BBC (natch, as they are all frigging heroes) and banking and finance. Showing an honourable candour, Andrew Monk the boss of VSA Capital admits as much.
Today’s latest disastrous news from Hurricane Energy (HUR) is covered by Gary Newman HERE. Gary and Peter Brailey, having been bulls in the distant past, have both been warning you for ages that this was a disaster waiting to happen. But as the shares have collapsed from 60p to just 3p over the past 15 months, one man has been steadfast in his support. Just as he was until the bitter end with the fraud Frontera (FRR), churning out comment after comment after comment suggesting quite explicitly that the shares were cheap. I refer, of course, to Fat Bastard, the whore blogger Malcolm Graham Wood.
An “Update on IA Grant” announcement from Ethernity Networks (ENET) is actually that it has been informed that its grant application has been declined. The shares have currently responded to 21.5p, approaching 30% lower… but surely for what it states is “a leading supplier of functional acceleration ethernet adapter cards”, this is no major problem?…
Yesterday I posted up court documents showing the extend of the fraud at Frontera Resources (FRR) the company slung off AIM after serial lying, which now has no assets, no cash and owes millions to its lawyers, former partners and suppliers. You would have thought that those dumb poltroons who ignored my serial warnings and still own the shares would have recognised that the game is up. But no.
Excluding ShareProphets Radio 29, the most read non-Tom article this week is To Buy or To Sell Avacta? That is the Question… by Malcolm Stacey at a enviable number eight or number 15 including Bearcasts.
I start with Monkey defending the whore blogger Malcolm Graham Wood. With reference to today's disastrous news from Hurricane Energy (HUR) and the fraud Frontera (FRR) I discuss why he is so wrong to do so. Then I look at Open Orphan (ORPH) and today's fund raise and what to make of it all. Finally, after a few jokes about an IRA man at the garden centre, I move onto the final demise of InternetQ/Akazoo. This weekend sees the first long training walk as a lone rogue blogger for Woodlarks. I am now at 25% of the target to raise, please help me get to 33% by Sunday by donating HERE.
The Dark Destroyer, aka Matt Earl, has branded Andrew Monk, the Banning Buffoon for his call to ban shorting in a fiery twitter exchange. I discuss why Matt is right on all counts. I chatted to Nigel Wray, Britain's Buffett, at length today about the markets, individual shares, the coronavirus, the shape of the recession, consumer attitudes and most interestingly about commercial property, which he knows a bit about. I also discuss Sosandar (SOS), Finncrap (FCAP), Arden (ARDN), WH Ireland (WHI) and other Nomad/brokers and when the FCA will have to step in to check their solvency. Finally a few words on the Government's daft £330 billion loan scheme.
In today's bearcast I discuss how little shorting actually takes place on the AIM Casino, I look at Eurasia (EUA) where the slience is deafening, Versarien (VRS) and at Hammerson (HMSO) where Andrew Monk should thank me for warning him off but should NOT be tempted to bottom fish after the dividend is cut this week. And 8% yield, post cut, is still illusory. Finally, I again ask you to sponsor the , now 5, Rogue Bloggers for Woodlarks HERE
In today's podcast I discuss freedom of expression with reference to Alistair Stewart, Andrew Monk, Schroders and a whore's drawers. I look at ValiRx (VAL), the joke that is NEX Exchange Regulation, Oracle Power (ORCP), Andalas Energy (ADL) and Haydale Graphene (HAYD). Finally I defend No Gold ( please donate to the Rogue Bloggers for Woodlarks old chap, HERE) and report back on my Optibiotix (OPTI), Slimbiome weight loss programme.
The third annual Rogue Bloggers for Woodlarks walk is on June 13 2020. This year the route is increased by one mile to 34 miles and is from Winchester to the Woodlarks camp site. As ever, myself (Tom Winnifrith), Brokerman Dan and Lucian Miers will walk but we want as many others as possible to join us.
I bring you a bonus bearcast, covering the FCA taking the piss (hat tip, in-house Euro loon J Price), Andrew Monk's VSA lying down with the lowest scumbags of the low, why I don't believe a word AIM dog Vast Resources (VAST) says and why St James's Place (STJ) shares are uninvestable at two levels. VSA's invitation of shame is below.
As Andrew Monk of VSA, rightly, says in his morning email, Shareprophets and I do not need defending but he does so anyway. Punters are pissed off that we reveal placings such as that of Reabold (RBD) last week. Would they honestly prefer that companies just ramped shares via ramptastic RNS's and podcasts with Justin the Clown so they overpaid in the secondary market ahead of a discounted placing to City insiders and spivs? Really? Do my critcs really enjoy such financial flaggelation so others can prosper? Anyhow Monk goes on thus:
In today's podcast I look at Reabold Resources (RBD), debagged by myself earlier, Bahamas Petroleum (BPC), Anglo African Oil & Gas (AAOG) and Bidstack (BIDS). and, with a hat tip to Andrew Monk, I look at the species known as a Bulletin Board Ramper.
In today's podcast I start with a couple of reflections on the joys of modern life involving Andrew Monk of VSA, cannabis and the tossers at Barclays Bank (BARC). I look at Burford (BUR), Falanx (FLX), IQE (IQE), Xaar (XAR), Providence Resources (PVR) and Lansdowne Oil & Gas (LOGP). I forgot to mention Restaurant Group (RTN) but Chris "Three Brains" Bailey, again, covers it very well HERE and he is right. It is a slam dunk sell. Lucian Miers reckons it might just be a zero.
Excuse my croaky voice. In this inaugural edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss the pot bubble, interview Nigel Somerville on Neil Woodford, flag up my next 3 FRC PLC victims, interview outspoken broker Andrew Monk, discuss why CSR is a waste of cash and interview Steve O'Hara of Optibiotix (OPTI). Enjoy. If you like this and can't wait seven days for more of the same you should listen to my Bearcast every day.
From the Farnham golf club two and a half miles out the young folks (plus Jonathan Price, minus Steve Moore) were sent ahead to finish as promised at 8.30. Andrew Bell's knee collapsed and he had to complete the walk by taxi and the old men slogged on.
The Rogue Bloggers have left the roadside and are now marching through the woodland.
God willing, on Saturday at around 7.30 – 8 PM, 14 Rogue Bloggers & a trainer will complete the 33 miles from Horse Hill to Woodlarks. So in less than 24 hours time I shall be walking, somewhere along the Pilgrim’s Way.
Health Nazi Andrew Monk has pulled a muscle. He says he will still do the 33 mile walk on Saturday but will struggle. He will certainly struggle to keep up with our latest recruit. Now we are 13.
I did warn my pal Andrew Monk, as he greedily filled his boots with Thomas Cook (TCG) shares and for a time he looked smart. Now the stock has collapsed to just 10p but that still values the company at c£150 million. The bad news for Monkey and Chris “three brains “ Bailey, a fellow bull, is that this is likely to be a zero.
I start with a comment on the amazing generosity of one person donating more than £11,000 to Rogue Bloggers for Woodlarks yesterday. It was not Neil Woodford though I did ask. Anyhow: to the 75% of you yet to donate think of me this weekend on a) my last training walk ahead of 33 miles next weekend and b) entertaining a visiting mother in law. As you think of my weekend, please donate HERE. In the podcast I discuss Woodford's latest bad news, Maistro (MAIS), Blur as was, UK Oil & Gas (UKOG) and Staffline (STAF). I also offer advice to Andrew Monk on which 1 AIM stock he should buy today for his mother's IHT Portfolio.
Hat tip to Andrew Monk for this really very interesting piece on coffee. I pay £2.45 for a take-away here in the Grim North so I must be flushing away a good bit. Is this sustainable? Monk asks "Has the Era of coffee shops peaked and are we now going to see a gradual decline?"
Woodlarks is an amazing but incredibly unfashionable charity. If you give £10,000 to an organisation like Guide Dogs for the Blind or the RSPCA it makes no difference. Give £100 to Woodlarks and it will help change a life. And that is why, in less than three weeks I shall be walking the 33 miles from Horse Hill to the Woodlarks camp site.
In today’s bearcast I start with missing cat news (there is some hope) and end with news of the ultimate cruel an unusual torture for Andrew Monk. Think of the poor man and donate to rogue bloggers for Woodlarks HERE. I cover Marechale Capital (MAC) and AIM bad boy Leon Hogan, Maestrano (MNO), Redhall (RHL), Management Resource Solutions (MRS), Bould Opportunities (BOU) and Octagonal (OCT). Go on think again of poor Monkey and get the (now) eleven rogue bloggers over the £15,000 mark HERE
There is a real spring in my step as I consider a new business idea and as the scoops just flow in. I start with Argo Blockchain (ARB), the pot plan and the convicted heroin dealer. Then I out Big Sofa's (BST) new customer. I look at Cabot Energy (CAB) as it dissembles again. I pick a fight with the man Gary Newman thinks is a genius, Andrew Monk, over RedT Energy (RED) and then look at the shock placing by Independent Oil & Gas (IOG) and where that leaves Rock Rose (RRE). If you enjoyed this bearcast please follow uber generous Rob and make a small donation to Rogue Bloggers for Wodlarks HERE
After 365 days of cracking financial journalism, here are the top 20 stories that ShareProphets readers were obsessed by.
Inheritance tax is a wicked double dip tax on the prudent which a real conservative Government would scrap. But until Pritti Patel MP sweeps to power we must try our best to minimize its impact. One way to do this is by investing in certain AIM stocks which are IHT exempt, for reasons I fail to comprehend. You want shares that will, at least, hold their value and Robert is your Mother's Brother. VSA boss Andrew Monk and his fund manager brother have devised such a portfolio for their mum.
In today's bearcast I start with an explanation about how the share price of FinnCrap (FCAP) is just articifial. I then look at ImageScan (IGE) which is not a bad company but why is it on AIM? Then onto Thomas Cook (TCG) and also Audioboom (BUST). In the case of the former my old pal Andrew Monk of VSA is just naive. I suggest he should be a spiv and sell.
The olive harvest starts tomorrow and I will be assisted by a Shareprophets reader from Eire and by Andrew Bell of Red Rock Resources (RRR) who is trying to communicate with the natives in his best Ancient Greek. I expliain why today's output from me is limited and then break the latest news from Julie "lingerie on expenses" Meyer MBE. Then I look at Independent Oil & Gas (IOG), Optibiotix (OPTI), Dignity (DTY) and the scam that is the funeral industry and BCA marketplace (BCA) which may have hoodwinked Andrew Monk but whose interims today are shoking. They could have been written by wretched Theresa May and are alarmingly bad. I also comment on the Project Fear Brexit uber bollocks spouted by the not fit for purpose Bank of England Governor Mark Carney yesterday.
Today brings news that FinnCap, Finncrap to its friends, the biggest AIM Nomad and broker is to buy Cavendish Corporate Finance, the corporate advisory firm run by pompous Tory Lord Leigh, who claims to speak for ordinary shareholders but is actually a City fat cat like the rest of them, and that the combined business will itself list on the casino in December. Is this a sign that AIM is headed into irreversible decline?
Today's bearcast comes from the Corinth Canal and covers MX Oil (MX), Versarien (VRS), Pantheon Resources (PANR) and Andrew Monk's poor old mum being bullied by her stockbroker son about her will and tax planning. Actually I make a serious point on this issue for poor old Mrs Monk
I am bored bored bored but have a hot tip for you if you like gambling HERE. I report a rumour on Asiamet (ARS) and then discuss how I have been twitter blocked by the whore blogger Malcolm Graham Wood. Anyhow the fat old bastard is today ramping Sound Energy (SOU) and Savannah Petroleum (SAVP) so I discuss both stocks. My second hot tip is to follow @AMonkMonkey (Andrew Monk) on twitter and I explain why.
I note Chris Bailey's excellent article earlier, HERE, and have to say he is bang on the money and those who advise buying housebuilding shares such as Andrew Monk and our own Malcolm Stacey are very wrong. The equity markets are telling you there is a stack of trouble ahead.
Leading short seller Marc Cohodes has been banned by the regulator in Alberta, Canada, from trading in shares in Badger Daylighting Ltd and has also been prohibited from disseminating to the public any statements relating to Badger that he knows or reasonably ought to know are misleading or untrue.
Forgive the late bearcast. Blame it on Greek Hovel business. In today's podcast I look at Folli Follie, shares in which are slumping again as I warned you the other day HERE - tomorrow might be D (for Death) Day. I then take up Andrew Monk on AIQ (AIQ), Petra Diamonds (PDL) and the idea of consolidating brokers and Nomads via M&A. It makes no sense Andrew. Then I look at the GoTech (GOT) shambles - its now a dope play but frankly you must be a dope to own this stock. Then I cover Optibiotix (OPTI) again with a point folks like Cynical Bear have missed. Finally its i3 Energy (I3E). Thanks to those who have sponsored me as I suffer the dual agonies of walking 30 miles and having to listen to Brokerman Dan drone on all day, but 99% of bearcast listeners have not yet donated a tenner. Please do so HERE
This session was chaired by our own Chris Bailey and featured Andrew Bell of Red Rock (RRR), Rob Scott of Anglo African Agriculture (AAAP - where we own shares - Ahmet Dik of Victoria Oil & Gas (VOG) and Colin Bird of numerous companies, including Jubilee Metals (JLP) tipped by Andrew Monk this morning.
I start with two discussion held this morning, one with Lucy Wray and the other with Brokerman Dan. I end with a discussion with Lucian Miers. In between I discuss Faron Pharma (FARN), Wey Education (WEY) which - sorry Andrew Monk - is talking A grade bollocks, Inspirit (INSP) , Pathfinder Minerals (PFP), Challenger Acquistions (CHAL) and Frontera Resources (FRR).
Two days, two bull articles on IQE (IQE). It has worked and I have been goaded here is is why Malcolm Stacey is talking bollocks. I also reference the fraud Eden Research (EDEN) in this discussion on profit being a matter of opinion and that is why cash matters. I discuss why being a liar is bad news as a CEO ref Mkango Resources (MKA) then tease Andrew Monk and Richard Jennings about Gulfsands Petroleum (GPX) - their oil analysis as bad as their Syria analysis on this occasion. Then it is onto Flybe (FLYB) and a detailed discussion of the looming cash crisis and joke valuation at Sound Energy (SOU). I suggest SalvaRx (SALV) run by my good friend Jim Mellon faces a bit of a cash issue. Then I explain why I have cut my UK Oil & Gas (UKOG) target price to just 0.25p making it, at 1.125p, still a slam dunk sell. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH
Hat tip to Andrew Monk of VSA for spotting this paper from Hult Business School. It does give you food for thought. Certainly why would anyone invested in a heavily indebted business with bigg exposure to the carrying value of cars as we known them ( Northgate or BCA Marketplace for example) or the AA? Maybe Neil Woodford should read this and ponder before he buys any more shares in the AA or BCA?
Andrew Monk of VSA Capital has answered the questions raised in my previous two articles covering Standard-listed (but still suspended) AIQ (AIQ). He has to be credited for following up on the issues presented, and being open with his answers.
Nigel Somerville penned two articles on AIQ (AIQ) which, I thought were pretty damning as you can see HERE and HERE. The valuation is clearly bonkers and I say that as a shareholder (by accident not design). Andrew Monk of VSA floated AIQ and has penned this response which I am happy to publish in full as it all seems very comprehensive and reassuring. I really don't know what to think other than that the valuation at the suspension price is bonkers on steroids.
Clearly, the whole AIQ (AIQ) IPO was a farce the way it has been handled and having also been digging around, there is more to come but I will leave it in the excellent hands of Nigel to report further on the dodginess here. I will just turn my hand to a bit of poetry inspired by Monk’s defence this morning and by recent Twitter hilarity.
Andrew Monk's VSA floated AIQ on the Standard List last week. Its shares soared 1000% and were suspended. As Andrew notes, through the passive investment vehicle RRR I own shares in AIQ (about £10 worth - CORRECTION I am told it is £1841 worth!). I will try to sell the lot as the valuation is insane. But Monk wants to defend his corner so before our writers really go to town - and I am on their side - here is Monkey in his private email to clients today...
Belatedly back at his desk after a long Christmas and New Year break, Andrew Monk of VSA Resources continues his sector reviews with a look at what he calls Batteries and Energy but, as he notes, it covers a multitude of sins really as there aren’t that many stocks that really fit this. Over to Monkey
After his (belated) return to his desk Andrew Monk of VSA Resources has sent out another big report today to those lucky enough to be on his private email list. This time it is mining stocks. Over to the Monkey...
Andrew Monk of VSA is (belatedly) starting his 2018 this week with a seroes of sector reviews. In this one he looks at where oil is heading, at the majors and then concludes with the five oil juniors to buy. Over to the Monkey...
I start with a few comments on the thoughts of top broker Andrew Monk who is normally bang on the money but on a couple of recent points wrong. Then it is onto Conroy Gold & Natural Resources (CGNR), Karelian Diamonds (KDR), Fishing Republic (DOG), Bushveld Minerals (RAMP) and ITM Power (ITM).
Top broker Andrew Monk is such a n ice guy that he wants to pay for your Christmas. Not actually pay - be serious he is a broker after all. But he has a share tip which he reckons is a slam dunk cert to race ahead in the next five weeks and pay for Christmas. Just call him Father Christmas.
In his private email to clients this morning Andrew Monk of VSA, broker to Columbus (CERP) brings charts from yesterday's AGM presentation and uses them to explain why he sees the shares, he first tipped at sub 2p, roofing it. He is not the only fan...but first to Monkey who gushes:
Columbus (CERP) has renegotiated the terms of its $8.9 million Convertible Security Funding Agreement with Lind Partners, LLC , announced by the old regime on 7 December 2016. This is big news and it is good news.
Columbus Energy (CERP), formerly LGO, has continued the new broom change process. It has announced that Fergus Jenkins has stepped down from the Board and from his role as Chief Operating Officer, with immediate effect. He will remain with the Company and act as an advisor to the Board until 31 January 2018 but that is just a face save for Fergus. That is the last of the "ancien regime" cronies kicked into touch.
It may be off your radar but Anglo African Agriculture (AAAP) is a standard list company originally floated by Andrew Monk of VSA Resources but where big Dave Lenigas took over as chairman last Autumn. I should declare that we are shareholders and for what it is worth I am relaxed about the progress Big Dave is making, something that is not evident in legacy interims out today. VSA Resources still acts as financial adviser and broker and Monk is on the board. But I suspect not for long.
The City of London Corporation is unlike any other local authority. It is democratic in the loosest sense of the word. It is hugely rich and very powerful and, as such, it is rare that anyone in the Square Mile is stupid enough to stick his or her head above the parapet and ask what is going on. But today Andrew Monk of VSA Resources aks for trouble and writes...
Before he became a resource guru, Andrew Monk of VSA Resources was a transport analyst for many years. As such his comments today about Easyjet (EZJ). The point about executive greed, oops I meant incentivisation, is a very valid general one. The other point is ...SELL. Over to the Monkey who writes...
Base rates are going to stay low forever so current (inflated) equity market valuations are justifiable. In other words "it will be different this time". I don't believe that and neither does Andrew Monk of VSA. But the great Terry Smith argues it might be...who are we to argue with Terry?
Over the weekend this site explained 4 reasons why LGO shares were set to move sharply higher and soon. They are up by 9% so far today but there is a lot more to come. One thing we missed is that the new boss Leo is doing more City meetings later this week. This is flagged up in an email sent today by Andrew Monk, boss of house broker VSA. He really believes that the shares could be 20p. we shall see. Monk's email follows:
Certain folks wonder why we, on HotStockRockets, we tipped shares in LGO Energy (LGO) as a buy? Well the reason of course is that we thought they were going to go up and we want our readers to make money. On 28 February when we tipped the shares they were 0.115p offer ( that is 2.3p in today's post consolidation money). They are now 3.35p bid so our readers are very much in the money after just 11 days! But why tip this stock. The best expanation is the original tip which is below. Remember the 20 for 1 consolidation when reading it.
I reckon China is a debt time-bomb waiting to go off and burst the bubble. Andrew Monk of VSA Resources is a China bull but he addresses this issue in a fascinating note emailed to his clients this morning. Over to the Monkey...
Hello Share Trimmers. Though I usually research stocks very carefully, I am one of those idiots that, once in a blue moon, invests in a company I know little about. You get a gut feeling sometimes and somehow don’t want to spoil it by too detailed an examination. One such share for me is Sula (SULA), the gold and iron miner. I saw a glowing piece on this magnificent website not so long back on this stock.
It takes two to tango or, rather, two to make a market. I am not exactly a great fan of LGO Energy (LGO) having called this as a teddy to perfection. But Andrew Monk of VSA reckons it is time to bottom fish and since I believe in free speech I am happy to publish his reasoning from his morning email.
This used to be the old Andrew Monk vehicle but Big dave Lenigas is now in charge. I should say we have some shares in Anglo African (AAAP) and as such I am delighted to see Dave tell us that he will grow sales 4-5 times this year and that Anglo is already profitable and that he will grow the company ten times. Understatement is Dave's middle name! This interview with a less than probing himbo from Proactive is Dave at his best. Go AAAP!
Joshua is off at PC Nursery Ryhme class so I am free to record. In this webcast I look at Fitbug (FITB), Cloudtag (CTAG) - Waseem is just wrong! - Challenger Acquisitions (CHAL), Ascent Resources (AST), Aquatic Foods (AFG), China frauds in general and in detail - to help Andrew Monk - Haike Chemicals (HAIK).
Well, this is awkward.. Prime Minister Theresa May will be visiting newly minted US President Donald Trump next week and hopes to initiate some sort of trade deal, a mere 48 hours after Trump told the world of his plans: “From this day forward, it’s going to be only America first. America first.” But I am sure that he'll make an exception for us. TW Note - Does Darren actually bother to check what Trump says on Trade deals? More fake news from remoaning liberal losers...
Top stockbroker Andrew Monk of VSA has today served up his third share tip of the year (following from his win with Sula HERE) and it is a real "hell or glory play". it is right now TSX.V listed but there is an AIM listed way to play it. Over to the Monkey...
Andrew Monk of VSA Resources was today explaining in his private daily email why Sula Iron & Gold (SULA) was his second nap share tip of the year. Now bear in mind VSA acts for Sula but Monk is a principled sort of fellow and if he says he believes in something he really does. As such it is over to the Monkey who writes:
Andrew Monk of VSA Resources was today explaining in his private daily email why RedT Energy (RED) was his nap share tip of the year. Now bear in mind VSA acts for Red T but Monk is a principled sort of fellow and if he says he believes in something he really does. As such it is over to the Monkey who writes:
I was struck by a number of conversations I enjoyed during my trip to London this week with brokers on the sell side and also bucket shop investors - they are rushed off their feet. This is confirmed by the comment below from Andrew Monk of VSA and it tells you two things very clearly. Take heed, you have been warned.
Andrew Monk does understand travel. Most brokers only understand it in that they collect air miles flying 1st class on expenses on Corporate jollies. Monk did actually run an airline as well as being a top City travel guru in days gone by. Thus his comment today on results from International Consolidated Airlines (IAG), the son of British Airways, are worth heeding.
I wish Andrew Monk a happy wedding anniversary today but surely his fragrant wife should have got time off for good behaviour. But Monk is wrong on Aquatic Foods (AFG) it is a Norfolk, its interims out today make that 100% clear and I explain why. I note the suspension of Asian Citrus (ACHL) and I pose a new challenge to LGO Energy (LGO) about output and sales numbers which really do not add up. I look at RapidCloud (RCI) whose interims suggest a terminal conclusion and Zincox (ZOX) where a pompous chairman seems in denial about the grim outcome that lies ahead.
I had to buy another Guardian for my Dad today. Two fecking quid of my money has gone to Polly fecking Toynbee to pay for the upkeep of her fecking Tuscan castle as she lectures me about all sorts of shite. I feel dirty for buying this rag and violated by the transfer of wealth from me to Toynbee. Moving on I cover Gulf Keystone (GKP), FairFX (FFX), Osirium Technologies (OSI) which I do not get at all and contrast with Falanx (FLX) which I do very much get and whose shares we own. I also look at WH Ireland (WHI), Servision (SEV) and Easyjet (EZJ) which gives me a chance to be rude to Andrew Monk at VSA Resources.
I do not think that China is recovering. Andrew Monk of VSA does. Whatever. In the interests of balance here are a few words from the broker today:
The Andrew Monk marble challenge HERE seems to have excited you all. But having had a range of folks (Brian Kinane, Nigel Somerville, etc ,etc) try to explain it to me I sat down and thought about and agree that Mr Monk is correct this time. The answer is two thirds. As Monkey himself explains...
A lot of references today to yesterday's podcast covering cats and Andrew Monk's puzzles (see HERE). Today I answer the money puzzles and I am afraid there is very bad cat news indeed. So I really dont care about shares and it was not a good day for a moronic disciple of David Lenigas with 9 followers to have a go at me on twitter. As it happens I have a few things to say about Jabba who I will be nailing for good within six weeks. I also look at Nomad resignations, Auhua (ACE), DQ Entertainment (DQE), Milestone (MSG), Litebulb (LBB) and then at Magnolia (MAGP) and the wider career of Gavin Burnell.
Sorry for the delay with this podcast. First up I am still not smoking, second I am delayed as one of my cats seems very ill indeed. Then bloody Andrew Monk of VSA has my mind in torment with a puzzle I cannot do and another where as a chemist - and a boring boatie from Oriel - he just cannot see that there are 2 correct answers. He should have done PPE. Finally a reader demands we show balance, i.e. parrot his unbalanced view. No can do compadre. Puzzle answers in comments section below please.
As the summer wears on folks like little Keith Bush at Northern Petroleum (NOP), Andy Carroll of POS Mosman Oil & Gas (MSMN), halpess Neil Ritson of LGO Energy (TOAST) and Andrew "Piggy" Austin will be looking for new jobs as their company's go tits up. The graphic below suggests that next time they might want to try serving up something customers want to pay for?
It seems that the repeated claims by Jabba The Hutt about my drug use (none for 25 years as it happens) are influencing one of his peasant followers into a flurry of racist slurs and wild accusations. Apparently I am now a drug producer as well as a drug user now. I leave you to marvel at rwauu from the ADVFN Afriag (AFRI) asylum but also let you know, underneath, what the City professionals think.
Yesterday Nigel Somerville quite correctly flagged up why IGAS (IGAS) is a slam dunk sell. It seems that at least one City broker has picked up on this and joins the attack today. Over to Andrew Monk of VSA who writes:
It seems to be open season on David "Green Hair Services" Lenigas (pictured left). Today top broker Andrew Monk of VSA Resources who is a mega bull of lithium has taken Rare Earth Minerals (REM) and Bacanora Minerals (BCN) off his buy list just because of the Lenigas factor. And he has also stuck the knife into jabba the hutt, notably on UK Oil & Gas (UKOG). Mr Monk writes:
This is really very easy, I present to you the share price charts for four AIM casino stocks. All you have to do is say which is the odd one out and why? It could not be easier could it? Entries in the comments section below please.
On what is becoming kick the fat Aussie share ramper day, leading broker Andrew Monk of VSA Resources has also stepped up to the plate. You may remember how John Meyer of SP Angel revealed Leni-Maths and nominated Big Dave “I just love the smell of newly issued confetti in the morning” Lenigas for the Nobel Prize for maths. Now Monkey is nominating Big Dave for the Nobel Prize for science as well. Over to the broker:
Almost a year since the first drilling “discovery” at Horse Hill and the companies involved, led by David Lenigas ramp UK Oil & Gas (UKOG) still decline to drill again, instead pumping out more and more meaningless reports on the prospect. Today there is another but almost no-one believes the Lenigas blather any more.
I have noted on a number of occasions that fully listed CIC Gold (CICG) where the largest shareholder is Stuart Bromley’s CIC Capital is a complete and utter bargepole stock and that VSA Capital should be thoroughly ashamed for bringing this POS to the market. And now for more evidence of why this is just not investment grade material – it’s the Bromley factor.
Okay, Mr Monk is a stockbroker but he is not a bad fellow and he can present well. Here he is at the UK Investor Show talking about Anglo Africa Agriculture (AAA).
It is a 12 O’clock kick off in West Smithfield for the AGM of the London Stock Exchange and myself, Lucian Miers and various co-conspirators will be there to lick up a fuss about the joke that is regulation of the AIM Casino. We thought this was a peasant’s revolt but in his morning email to clients, top broker Andrew Monk, a respected member of the establishment has come out in our support! Well I never. Mr Monk ( who will not now be getting a knighthood) writes:
This was a last minute special for UK Investor but it contained some pretty explosive stuff. On the panel were Andrew Bell, Derek Musgrove, Andrew Monk of VSA and Ben Turney. All four men have a special unique angle and insight on this project and it is explosive stuff at times. Watchthe video and enjoy.
Madagascar Oil (MOIL) has announced “the award of the Development Mining Title for the Block 3104 Tsimiroro Production Sharing Contract by the President of Madagascar” – this representing the first production sharing contract to enter into the development phase in Madagascar.
I see that Andrew Monk of VSA Resources is today saying that he will emigrate if Labour wins the General Election. Normally Jim Davidson makes a similar pledge. That almost makes me tempted to back the People’s Party. Just wondering who else has promised to leave the Country if the Reds triumph on May 7? If any one of:
The CEO of resource specialist broker VSA is enjoying a rally in resource stocks and so reminds his clients today of his top 5 small cap and mid-cap plays in the sector: Andrew Monk writes:
The PDAC Conference in Toronto is the world’s largest mining convention and our man on the spot is Andrew Monk of VSA Resources. His report back does not make for entirely pleasant reading, not least in what the world thinks of the AIM casino. Over to Monkey…
Andrew Monk, the CEO of broker VSA Resources has this morning suggested that Igas (IGAS) is both a potential bid target but also already in default on its bonds, methinks he overeggs a bit on both counts.
OK so today I’ll give you my thoughts on other areas – so Airlines and Tour Operators, which Are my hobby sectors, and also a little bit on Energy as that is also an area we are looking to get more involved in and Agri
So second day back at school and today I will give you my thoughts on the Mining sector which really has had a torrid time for about 3 years now and you have to start thinking it cant keep falling forever..............but that also doesn't mean it is ready to be invested in.
So we start the year with the oil price still at the front of our minds and falling and I have to say I'm not sure what stops it going quite a lot lower and $40 seems to be the next low point possibly. Now I don't want to spoil what we are writing in the next VSA Quarterly as I know you are all looking forward to reading it - such an important release - haa haaa, well we put a lot of effort into to it so I'm not giving it all away just yet but do look at this chart of the oil price since 1861 in real terms and tell me if you think oil might go lower and stay low.
On Monday 29th September the first ShareProphets evening seminar was held. 4 talks, free pizza and booze. A great time was had by all. To ensure that you get priority booking for future seminars (the next one on 13 October is now booked out but we wil start taking bookings for 27 October next week) register HERE. The second talker was Andrew Monk of Anglo African Agriculture who spoke very well and also commented on Madagascar Oil (MOIL).
Contrary to suggestions made here and elsewhere by some of my greatest admirers, the first ShareProphets seminar was packed out with just over 50 folks gathering in Clerkenwell on Monday and – I think – having a good time. The next seminar is on Monday October 13 and you can ensure you get priority booking by registering HERE.
There is so much wrong with AIM. China frauds seem to list at will. Companies can lie without censure. Folks like Sean Nutley at Silverdell and Rob Terry at The Innovation Group (where is he now BTW?) just “get away with it. Investors have completely lost trust in the Casino. It is a joke. The LSE could change it simply by getting the hapless bunch of complete cretins at the AIM Regulation Team to enforce rules, to kick off piss poor Nomads who float crap (Daniel Stewart) and to publicly name and shame. But instead it tinkers with the rule book. Top broker Andrew Monk of VSA weighed in this morning with this comment:
If you want to hear me discuss ten ways that AIM companies overstate profits with real examples ( including Quenron) I will be doing a presentation on this on 29th September in Clerkenwell London – that is on a Monday evening starting at 6 PM.There will also be presentations by the CEOs of: K3 Business Technology – a stock that I have tipped and HAS delivered, Premaitha – a stock I own and am VERY excited about and Anglo African Agriculture – I know nothing but CEO Andrew Monk is a very sharp cookie. And there will be free pizza and drinks until 9 PM that evening.
Only 10 ways you say? Perhaps I should expand the list to 12 or fifteen and maybe I shall do so! But anyone following AIM must by now be aware that companies are routinely reporting profits that are not real profits in order to push the share price up ahead of the next placing.
Andrew Monk heads up broker VSA Resources but in a former life was an airlines expert. He even set up one. It went tits up. But he knows how this industry operates and his views on THomas Cook (TCG) are clear. He noted this morning.
VSA Capital has published its quarterly resource review today. It is a good read with the introduction by CEO Andrew Monk a crisp précis of the woes, value and self-inflicted wounds of the sector. One stat he plucks out is that 22% of the companies that presented at the recent PDAC conference in Toronto had less than $200,000 cash left. I sense toast ahead. That is a good read. VSA also highlights its five key stock picks for the quarter. Over to VSA: