On 7 June 2021, Eden Research (EDEN) issued an RNS titled “Notice of AGM, investor conference & Accounts” which included the following statements:
To put this in context, even morally bankrupt Nomad SP Angel, the Nomad of choice for fraudsters, does not think this news is financially significant and so has forced ramping Neill Ricketts to alert his moronic investors via an RNS reach not an RNS. Natch, folks who think it’s okay to murder journalists don’t care about facts so Versarien (VRS) shares are up 12% at 46p – an £8 million increase in market cap on news that even the Nomad thinks is financially irrelevant!
Hello Share Chasers. Many of us will be trying out short-term plays on speculative shares in these volatile days. With shares up and down a lot, you may even be tempted into a bit of day trading. However, my 24-hour trades nearly always become long-term investments as the hoped for daily hike hardly ever happens. Not to me anyway. So let’s look at a share which, if held long enough, could be a strong winner...
Today, the deadwood press is noting that Mexican restaurant chain Chilango is about to appoint RSM Tenon as administrators with Covid 19 once again getting the blame. But is that fair on the poor little virus?
Peter Brailey thinks he will be selling his last Synairgen (SNG) shares at £10 based on its "cure" for Covid 19. Peter admits he has no specialist knowledge. It shows. He is thinking like a Bulletin Board Moron. I was paid to write on this sector for five years so know a bit and explain why he is not thinking straight.
I cover this company whose shares were up by 500% at one point today. Does Synairgen (SNG) really sit on a gold mine? I also look at three David Lenigas related situations: Empire Metals (EEE), Pires (PIRI) and UK Oil & Gas (UKOG). With regard to the last of the three, I mention Jubilee Metals (JLP), in which I bought some more shares today. I also discuss the "it's too good to be true" rule ref Amigo (AMGO)
A Hat-tip to B for alerting me to a company I have never heard of. The strangest beast on AIM is not a beast at all; it’s a wounded animal that went into the COVID-19 crisis leveraged long emerging market currencies and equities. It’s a wounded animal that you’ve probably never heard of: APQ Global Limited (APQ).
A “revises price assumptions; expects charges at 2Q” announcement from BP (BP.), including February-commenced CEO Bernard Looney stating “in February we set out to become a net zero company by 2050 or sooner… we have been reviewing our price assumptions over a longer horizon. That work has been informed by the COVID-19 pandemic, which increasingly looks as if it will have an enduring economic impact”. Loony or very clever?...
A week ago, Malcolm Stacey could have sold his shares in Avacta (AVCT) at more than 200p each. In fact I think the old trading genius might just have done that. Then the company started “sounding out” investors about a fund raise and, not that anyone in London ever breaks insider dealing laws so this is a total coincidence, the shares started tumbling fast. As I write they are off by 5p at 132-5p as it has announced am up to £45 million fund raise at 120p. I don’t blame it.
This was a tip of the year at a 4.6p offer. I told folks to sell at 10p+. I sold just under half mine at 10.55p and warned I’d sell more at 15p which I did. So my holding is now relatively smalla nd as such I make a couple of observations about today’s fund raise which strikes me as utterly opportunistic but the right thing to do when the shares had got well ahead of themselves.
The photos below did not come out well but show the track now cut through the grass around our three fields here at the Welsh hovel where myself and the cats (pictured) went on a training walk today. Come June 13 I will complete this route 30-40 times and I beg you to sponsor me, as I look to raise the cash to save Woodlarks, now HERE. In the podcast I look at Belarus and Covid 19 referencing my article earlier today HERE, at Nigel's dynamite expose of Tern (TERN) today and at why ShareSoc should be done under the Trades Description Act.
Last night Cathal Friel gave a a video interview on behalf of Open Orphan (ORPH)where he discussed a new test for Covid antibodies, like the Roche one, that open Orphan is involved in rolloing out. The video is below. An RNS to clarify quite extraordinary numbers given by Cathal in this interview is, IMHO, needed asap.
Over the weekend I showed why the financials of Catenae (CTEA) made it the most worthless stock on AIM. But some folk think I ignore the Covid-19 project it is working ion. Au contraire, as a fascinating press release arrives in my in-box today I do not ignore the Covid hoo-hah I call, it out as a worthless promote.
The tug of war going on in the markets now between reality and full on Modern Monetary Theory makes the stock market all but uninvestable until it is clear which side prevails. At the moment the latter seems to have the upper hand, but it is early days and I suspect that reality is not done yet. On the short side, many zombie companies which have been propped up since the GFC with artificially low interest rates are now sensing a new lease of life as they rush to the seemingly limitless Covid trough, as moral hazard abounds. There are always exceptions however...
Folks often carp that Primary Bid offers are at the scuzzier end of the AIM casino. That charge cannot be levelled today. Inland Homes (INL) is a proper company and this is a serious, largely institutional, fund raise.
I start with the defamatory and anti semitic blog attack on me from Bidstack (BIDS) owning loon which I rebutted yesterday HERE. I have now identified the author who is not as "she" claims a female investigative journalist but is a male Bulletin Board Moron. I shall expose his identity and also his close social media links to Bidstack boss Lyin James Draper, which "she" has been trying to hide this weekend, later. When, I wonder did "she" last swap ideas with Lyin' James? Then I look at the prick which will burst the Coronavirus testing bubble on AIM. If you own shares in Novacyt (NCYT), Avacta (AVCT) or any of the other Covid test plays watch out! Finally, I am in despair at smug Sam Smith of FinnCrap (FCAP), La Horlick and various other women determined to see taxpayers cash spunked by Rishi Sunak on gender quota lines in his start up bailout scheme. This is insanity laid upon insanity. There is no such insanity at the ShareProphets Shares Show. I am busy making recordings for it every day now, please do book your seats for May 9 HERE
I start with a few words about how business is setting the pace on ending the Coronavirus lockdown and wonder if the Government's hand will be forced. On the subject of Covid 19 my latest podcast is live HERE and explains why I believe the Government has made the biggest blunder in history. I then reveal what Versarien (VRS) does not want you to know about its "hook up" with Rolls Royce and ask if SP Angel is earning commission on the death spiral and if so why is it not being declared? I look at Tullow (TLW), Open Orphan (ORPH), Novacyt (NCYT) and Collagen (COS). And I suggest that you really should buy a ticket to watch the greatest ever line up at a British investor show HERE.
I have commented on Simec Atlantis Energy (SAE) on a number of occasions noting both the use of retail bond funding (immoral) and highly questionable technical and commercial merits of its operations. Today we are told Covid19 has impacted the timing of its flagship project – Uskmouth Power. I think this is rather disingenuous.
On April Fool’s day there was an upbeat statement from Nostra Terra (NTOG) promising all sorts of good things. What it neglected to mention was that trade creditors had risen to £230,000 as the cash burning enterprise had no cash and so imply could not afford to pay its bills. One of those owed cash (£60,000) was Nomad Strand Hanson, boy how it must have been hoping for a placing….
First an appeal on behalf of Darren, please can you assist him. Then I look at R4E (R4E), a Covid zero or a multibagger. Then compare the management at Restaurant Group (RTN) and then at Cineworld (CINE) where the greedy bastards are doing exactly what Liverpool FC did before there was a public outcry. Then a note on Bidstack (BIDS) and a look at 88 Energy (88E)
Shares in utterly bankrupt and worthless Intu (INTU) are up by 10% today. It is one of those days when folks just assume the best in everything. The worst recession since the 1930s, sod all earnings visibility, looming mass unemployment? Who cares? Just Fill Yer Boots! In that vein, shares in Cineworld (CINE) are up by 44% at 57p despite a dismal Covid update telling us nothing we need to know at all. Other than that the board are greedy bastards and you & I are subsidising that greed!
My beef with Angling Direct (ANG) is that I view fishing as a sport increasingly enjoyed by old codgers. I look at the local club that rents our stretch of the River Dee and fear that after each cold winter it will be needing rather fewer pegs. I see a business growing its online sales sharply but whose offline operation still accounts for half of sales and which, for all the usual reasons, must be in decline. And today we have a Covid 19 update and a big warning on cash which, for reasons I am sure you can guess, does not actually say how little cash is left.
AIM-listed Yu Group (YU.) has delivered its FY19 results – this despite claiming it would defer them in line with the FCA’s moratorium (which did not apply to AIM companies)! CEO Bobby Kalar was pleased with the positive results so far as the company recovers from an accounting scandal but I’m not so sure that shareholders should be.
I start with a swipe at the failings of the deadwood press and the behaviour of the soccer Premier League. More on the former in a podcast on my own website later this weekend - a promise for comrade Euro Loon Jonathan Price. Then a look at Debenhams whose demise I regard as a silver lining from the Covid 19 cloud. I think Zombie firms should all perrish. But the main part of this podcast looks at Executive Greed and with firms asking either investors or the taxpayers for a bailout now is an ideal time to lance this boil.
A market and COVID-19 response update from BP (BP.) – and the shares 3% lower at 333.7p on the back of it…
It will be a strange birthday for the Mrs here in Wales. At least she has my cooking to look forward to. Most of this bearcast looks at bailout madness. Where do we stop? Soccer clubs, Rugger clubs? The charities. In, almost, all cases I argue we shiould not be bailing them out. Indeed if Covid 19 alters the face of pro sport and the Charity sector I think that is a good thing. Then there is the deadwood press. I also look at Bagir (BAGR) and Tullow Oil (TLW).
Maybe I admire Tim Martin of JD Wetherspoon (JDW) a bit less but I understand what he is up to. Across the land not everyone is rallying around praising the NHS and saying "we are all in it together." Businesses are desperate to hoard cash and are forced to behave in ways that are not always very pleasant. I do not think some folks realise just how bad the Government's reaction to Covid 19 rather than the virus itself will be for the economy, for businesses and for its own finances. Mr Martin needs to draft an RNS for 7 AM to say whether he has been misleading beer suppliers or misleading investors.
Previously updating on Bluebird Merchant Ventures (BMV) we noted with the shares around 2p that, considering the gold production opportunity, the funding requirement is modest. Now “the Korean focused gold development group, is pleased to announce a funding update and a statement with regard to the Covid-19 pandemic”…
I shall start the ball rolling with one nomination but feel you may be able to assist in compliing this list & the best nomination wins the usual prize to be sent one day. I seek men and women who are not only incompetent but also palpably dishonest, demonstrably using shareholders cash for theor own purposes or telling blatant lies to investors. A true Rogue director should be a serial offender & must still be a director or CFO of an AIM or Standard Listed company. So please nominate now with a name and the reasons why in the comments section below. I kick the process off by nominating…
Natch I wish the Prime Minister a speedy recovery from Covid 19. I am sure that like almost all healthy victims he will recover and refer you to my two podcasts HERE and HERE as to why the Doomsayers are engaing in GroupThink but really cannot have it both ways: the virus cannot be both highly contagious and highly lethal. I discuss why the three day shares rally, now reversed today, cannot be justified in terms of the likely curve of corporate earnings recovery. I look at Next (NXT), Optibiotix (OPTI) and dual listings, Dev Clever (DEV) & Royal Mail Group (RMG)
It is not often that a press release has me reaching for a dictionary but today’s Covid 19 update from Big Dish (DISH) manages that. The company’s evil spin doctor my old pal the Sith Lord Zak Mir, tries to use a long word but I am not sure he knows what it means.
I start with a few minutes on how the Covid 19 pandemic has brought out the good in many people and the very worst in others. I've today done another podcast on Coronavirus which I am proud of on my own website HERE. I look at soaring markets and gold and asset bubbles I discuss IQE (IQE), Photo-Me (PHTM) and Ascent Resources (AST)
Covid 19 brings out the best in folks and the worst in folks. In that vein to lighten the mood I bring you a Bulletin Board Moron contest with a difference. Simply find the most idiotic post on the LSE, ADVFN, iii asylums or on twitter which must reference the virus and post it in the comments section below before midnight on Sunday 22 March. I challenge you to surpass this effort below, from Versarien (VRS) ramper superg on the ADVFN asylum who thinks short sellers want folks to die from the virus for their financial gain.
Tom Winnifrith highlighted my current views on the oil price in a bearcast earlier this week. As most know I can see the good in just about any investment case, it’s just that most of the time the bad is just so much more compelling. Where is the oil price going? I do not know – who does?! But after years of supply side focus, I see the risk firmly on the demand side. Could oil price go negative? – yep for some grades, and perhaps all, I can see why that is not an outrageous statement.
In the circumstances this is a bullish update. Restaurant Group (RTN) admits things are awful and will get worse but it has a cunning plan to survive based on assumptions which seem prudent but, I fear, might just be optimistic. And what will be the value of the group that does survive?
Oddly, shares in Laura Ashley (ALY) crashed before they were suspended at 10.32 AM on news that administrators were to be appointed at the PLC and trading subsidiaries. But as this is the London stockmarket there can be no suspicion of any insider dealing can there? No sniggering at the back please.
Two pulled placings, awful userous death spiral financing, ramping a plenty and a crazy valuation – everything tells you that Bahamas Petroleum (BPC) was a stonking short. And now it has announced a delay to drilling of the Perseverance #1 well in the Bahamas citing the Coronavirus as its excuse. What total bollocks.
The oil price tanking - for reasons I explained at the weekend HERE - and shares tumbling across the board on concerns as to what damage the Coronavirus is doing, and will do, to the real economy and thus to corporate earnings. Generally, my view is that doing nothing as an investor is something that is greatly under-rated. It is perhaps better to wait until the smoke clears. Having said that, sometimes we need to accept that facts have changed and that does fundamentally alter an investment thesis...
Even on Shareprophets, you cannot escape the media going on about the Corono Virus. Excluding ShareProphets Radio 26, the most read non-Tom article this week is COVID 19: Lessons from 1918 for 2020 by a up-and-comer named Richard Poulden. He took the number one spot on the leaderboard this week, number seven if you include Bearcasts..
It may seem tasteless to consider such matters but the reality is that Covid 19 is spreading and whilst the numbers infected are still a drop in the ocean the fear is palpable and the effects on the real economy are already clear. The Fed may have slashed base rates by ½% earlier this week but, like the markets which promptly puked, I do not see this curing anything. Folks are not going to start spending again just because money is a bit cheaper, further cheap money will not solve a snagged up supply chain...
In early 1918 in Haskell County, Kansas, a country doctor named Dr Loring Miner reported to the US Public Health Service that he thought he had found a new kind of flu. It appeared to attack young healthy males and could kill in three days. Initially nobody took much notice but based in Kansas was one of the largest recruiting and training stations for troops headed to the Western front: Fort Riley.