Previously writing on cybersecurity software company Osirium Technologies (OSI), in September with the shares down to 21.5p I concluded that the noted financials suggested it still needs to produce further customer growth and bookings materially and swiftly net cash generatively and I remained sceptical of that. So what of a trading update today, with the shares currently further down below 17p?…
Edison has served up a research note on Sarah Willingham’s NightCap group which will soon list on AIM and is trying to raise £6 million, including from retail punters via Primary Bid. Edison is paid to produce its research so, like a hooker who never tells her clients that they have bad breath, a microscopic penis or unpleasant fungal growths, Edison says only nice things. But this promotion is downright misleading. It is a shocker as you can see HERE Let’s start with the opening paragraph.
Having been heading back up, towards 100p, in early January, shares in Boku Inc (BOKU) recently fell below 60p but are currently back on the rise today on the back of an update including on Coronavirus impact on trading; “the recent growth we have seen in those countries that are most affected has been higher than in those where the virus has had a more limited impact so far”…
“Manufacturer and supplier of innovative ingredient solutions for the flavour, fragrance, beverage and consumer product industries”, Treatt (TET) has updated on trading including “a very encouraging 16% growth in non-citrus revenues… As new capacity at our US facility comes on stream the business will begin to see the benefits from this investment and, as we look forward to moving into our new UK facility later next year, the board enters the year ahead with confidence”. The shares though are currently around 414p, down from 480p reached in the summer…
After news last week there is no doubt in my mind that Kefi Minerals (KEFI) really is very cheap. And so I present a note explianing why. Two caveats. 1. It is published by Edison which is paid to push this out so is hardly impartial. 2 The author is my old pal the convicted felon Champagne Charlie Gibson. To his credit, when not getting sozzled before driving home in his motor to go cuffing members of the working classes, Charlie does actually know a bit about mining. The note is below.
The issue of disclosure of holdings and conflicts of interest by those giving investment advice is currently a live topic in the industry. At heart, writing about a stock and disseminating one’s ideas is, I would posit, for many retail investors who have been pushed even further down the pecking order post Mifid 2 and the lock out on their receiving much research, a welcome activity. Information is what feeds stock prices and what prompts investors to act. Without info everybody including the companies are worse off.
Towards the end of May online gaming operator Stride Gaming (STR) announced results for its half-year, including “central to the success of our core UK market performance is our focus on compliance, regulation and responsible gaming. Stride has continued to adapt to new requirements and regulations including the forthcoming introduction of GDPR as well as the new POCT applied to free bets introduced in August 2017”. Now, 10 weeks later, a “Gambling Commission Notice” announcement…
I noted in an update on Nanoco (NANO) last month that a “Commercial Supply and License Agreement” saw the shares bouncing a bit, but the key question remained when’s an attempted fundraising? (discounted, natch). Well, the company has now been “pleased to announce” a placing result and researcher Edison has updated…
Luxury interior furnishings company Walker Greenbank (WGB) “is pleased to announce its pre-close trading update for the six months ended 31 July 2017” - with this commencing with that brand sales “were up 35.6% in reportable currency compared with the same period last year”. Sounds good, so why are the shares currently sliding back slightly?...
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....
Advanced Oncotherapy (AVO) is, as you know, utterly desperate to create buying interest in its shares so that death spiral shysters Bracknor can dump £13.7 million of equity onto the market over the next year. That is not going well and so Advanced today boasts that it has paid investment analyst prostitutes for hire, Hardman, to publish a glossy note. This report is so unbelievably unbalanced that I can only assume that Hardman outsourced the work to the Bulletin Board Morons on the LSE Asylum. Folks can see through this shite and the shares are down by a penny at just 40p bid which is very bad news for Advanced as explained HERE.
Employer of convicted felon, the cop mugger champagne Charlie Gibson, investment prostitutes Edison will publish bullish research notes and interviews with any company as long as they dip into their shareholders' funds. The interview with the bombastic prick David Williams who earns a seven figure wedge for running Avanti Communications (AVN) into the ground last summer ( see HERE) was a classic of its genre. Today Edison has published a note saying Avanti shares are worth 109p. The market thinks the report is worthless bog-paper and the shares are down by almost 10% at just 14.875p.
Shares in drowning in debt Avanti Communications slumped again on Wednesday to a new record low of 18p - the market cap is now just £27.6 million and death is imminent. As I pointed out at the weekend, its shares could be suspended on December 30th but its real worry is insolvency - it will be out of cash by January and it looks impossible to refinance. The cry is Timber! This once mighty AIM play is falling and will soon be lying as a rotting corpse on the forest floor. Where has all the money gone?
Having warned in July of “delays in deal roll-outs affecting revenue growth”, NetDimensions (NETD) has now announced results for the first half of 2016…
Dave "Rule breaker" Whitby and his colleagues at AIM Listed Piece of Turkish Andalas Energy (ADL) are on the spoof again with a ramptastic RNS saying nothing at all of of any interest whatsoever. Folks know Whitby's game and the shares are off at just 0.165p because what is really happening is the start of the ramping that proceeds a deeply discounted placing. Next up a soft interview with Zak "Judas" Mir, a podcast with Justin the clown or a presentation at a Proactive seminar? Perhaps a buy note from Edison? We have seen the Andalas ramp before and surely no-one is stupid enough to buy it again?
Paid for researcher Edison is, of course most famous as being the employer of convicted felon Champagne Charlie Gibson but it is also there to take cash for helping ramp shares in piss poor companies. And few companies could be as piss poor as Avanti Communications (AVN) run by uber bombast David "not worth a million bucks a year" Williams. But not only does Edison publish crap research on Avanti with a target price of 427p. It also does video interviews. Cripes, the bird quizzing Williams makes Zak Mir look like Jeremy Paxman on steroids. As you enjoy this shite from Edison you will note the shares are now just 59.5p as Williams seeks emergency bailout funding. Oi, taffy its time for a statement!
Shares in mobile financial services company eServGlobal (ESG) have recently moved higher on the back of a trading update particularly emphasising that “the company confirms it remains on track to achieve a small EBITDA* surplus for the core business”. However, researcher Edison has now updated including “we have revised our forecasts to reflect H116 performance, reducing our revenue and EBITDA forecasts”. Hmmm…
Having previously updated on Brady plc (BRY) to not be fooled by the 2015 ‘trading in line’ - it’s disingenuous spin, the following updates post the company's results announcement for the 2015 calendar year and, more recently, an AGM update...
Two months after a Ministry of Justice contract termination trashed its shares (see HERE), Solid State (SOLI) “is pleased to announce that trading results in respect of the year ended 31 March 2016 at the group's core businesses are expected to be in line with market expectations”. Hmmm...
I am not 100% up to speed on the comings and goings at paid researcher Edison so am unaware if its star analyst The Right Hon Charlie Gibson is still on a police curfew and wearing an electronic ankle bracelet after his spot of bother trying to give a member of the working classes, who happened to be a rozzer, a damn good thrashing. On the subject of convicts (well at least those descended from them) and damn good thrashings I note that shares in Aussie law firm Slater & Gordon (SGH) are now 28 Aussie cents having been A$2.67 on 23rd September 2015 when Edison published a note proclaiming "valuation - considerable upside" and flagging triggers for a re-rating. Hmmm... so that is a fall of c90% in the seven months since that buy note - is that the worst research note of the past 12 months?
Last year in ADVFN's financial services awards the share blogger of the year was Dan Levi, Brokerman Dan, aka the business partner of ADVFN head honcho Clem Chambers. Natch I was gutted not to win so what about this year. Shucks. The awards were announced this morning and once again I am not even mentioned. Double shucks.
Following recent news flow from eServGlobal (ESG), revised forecasts are now following, with working capital described as “tight”…
Following a “2015 year-end update” from WANdisco plc (WAND) earlier this week, forecast changes are now following. They ain’t exactly promising!...
Nigel Somerville has today posted a pithy explanation of a Red Flags No-one is watching O'Clock RNS from Tethys Petroleum (TPL) which shows that it is toast. But there were three killer red flags here you might have noted from way back.
Provider of trading and risk management software to the commodity and energy markets, Brady plc (BRY) has updated “that it has secured four new contracts”, that “cost cutting initiatives that were notified in the 30 November trading update have now been completed” and on “trading in line with market expectations”, with “cash ahead”. Let’s now check that 30th November “trading update” then. Oh!?!...
“Monitise (MONI) and Telefónica cloud platform agreement” Great news! What? The agreement supersedes an existing contract between the companies, is only “to explore” potential projects based on the Monitise cloud platform and “the company's guidance for FY 2016 remains unchanged as a result of this announcement”. And it gets worse?...
POS AIM casino dog Mosman Oil & Gas (MOSMN), is – I can exclusively reveal – right now struggling to get away yet another keep the lights on placing at just 1.75p a share. This story gets worse. And worse.
Edison is paid by companies to hire analysts such as convicted felon Champagne Charlie Gibson to produce research reports. The hooker never tells a punter that he has a small dick and Edison finds itself in the same position: just keep the client happy. And thus once again it has today served up a research report with a massively misleading title. The stock is Brady (BRY) which today served up a first half trading statement.
Having this week announced that Visa Europe Ltd has notified that it will reduce its shareholding over time while continuing to work with the company throughout the duration of their current commercial agreement, though will only “assess on an ongoing basis opportunities to work together in future” (see HERE), what is the impact on forecasts for Monitise plc (MONI)?
A brief podcast as I prepare to spend a morning on the beach with the Mrs. Then it is off to Athens. She thinks she is seeing a la dee da play. I am heading there for riot porn as the Greece Grexit crisis hots up again. Is Tsipras planning to betray the Hellenic Republic? Will he get away with it? Will Greece be booted out of the Euro anyway by the Krauts? Then a few words on the farce at Sefton as Jimmyliar Ellerton tries to make it go bankrupt via legal means. And then to the con Worthington.
Once again IT issues in Greece delay this podcast. I start by explianing why the reaction of Paul Scott and the craven deadwood press to the new national living wage proposed by George Osborne displays 100% economic illiteracy. It is simply a transfer of wealth from business to the State, the poor will gain nothing. Then onto defending David Lenigas and Andrew Bell from some of the sillier comments made by some folk and to explian why flip flop Ben Turney is again wrong on New World Oil & Gas. hats off to Paul Curtis for the silliest remark of the day as I stck the boot into Gulf Keystone and then also to the prep, pump and dump at Beowulf Mining. And finally I have another go at biotech dog ValiRx.
This has been delayed by certain IT issues here in the Hellenic Republic. I start the podcast on Greece then onto China and finally to chancellor George Osborne and his budget - the guy is a prize twat. At a company level I look at Azonto Petroleum, Monitise ( TSOA wins again!), Red Rock Resources and the fraud Jiasen.
As an experiment I tried to upload this direct, rather than via Pizza Hardman Darren Atwater, but could not work out how to upload my photo so had to use an alternative. In today's podcast I look at Greece, China (the real story of the day), Sefton, Fitbug, Phorm, Stratmin Global and fat cats. Real fat cats like Oakley not fat cats like Sir Martin Sorrell.
Polls close here in Athens in just over three hours. I shall shortly head off to my local polling station to have a final butchers and then to Syntagma Square to sit underneath the Greek parliament as the results come in. I shall blog away here on ShareProphets as Greece decides whether it is Oxi or nai. Pro tem this podcast covers Greece, China, Quindell and UK House prices.
Happy Independence day to our American listeners. My prayers are that tomorrow Greece votes for freedom and votes Oxi! But will it? And what does that mean for the Euro and shares. I note Goldman Sachs claims that a Nai vote will see global equities rise by 10%. Hmmm, I think it misses the bear in the China shop. A few thoughts brought to you from Athens in today's podcast.
I start this podcast with a few developments on the ground here in Greece - tonight sees two mass demos which I shall be attending and reporting back on. Then it is on to Phorm, Provexis, Ubisense, Jiasen ( smoking gun located?) and the other China Norfolks, Netcall and Cenkos where conversation naturally turns to its role in the Quindell fraud and what the fallout will be.
Paid for researcher Edison is paid by companies to produce notes. The hooker never tells her client how small his cock is she just gets on with it and thus Edison is always looking on the bright side. But in its utterly misleading note on Tungsten (TUNG) out today, even the rent-boy of the research world cannot bring itself to say buy. That is a pretty big Red Flag.
Since my update last week on more financial reporting woes from blur Group (BLUR), paid for research prostitute Edison has pulled its forecasts and the shares have drifted further lower to a current 53p. When even the prostitute researchers wont say anything nice you know that you are up merde creek.
Having risen from sub 70p at the start of 2014, shares in provider of technology and support to the Space, Commercial & Defence and Media & Broadcast sectors, SCISYS plc (SSY) have more recently been steady at around 90p until recent results took them back towards 80p. So is this a time to buy the shares?
I previously commented that its recently concluded strategic review suggested that Monitise plc (MONI) was not worth what the board seemed to consider it to be – see HERE. The following updates after some director share buying and the reintroduction of some forecasts…
Commenting on results from Vislink plc (VLK) last week we concluded that the share price recovery in recent months looked well merited and to have further to go. The following updates post a research update and director share dealing…
Optimal Payments (OPAY) - of Equities First Holdings LLC infamy (see HERE) – has announced a proposed purportedly “transformational and value enhancing” $1.2 billion acquisition of Skrill Group - described as “one of Europe's leading digital payments businesses providing digital wallet solutions and online payment processing capabilities and is one of the largest pre-paid online voucher providers in Europe with its paysafecard brand”. Does this though transform the investment proposition here? …
Having been approaching 1300p a year ago, shares in WANdisco plc (WAND) currently trade below 300p following recently announced results for 2014 and a research update. What are the prospects from here?
Following a trading update from marketing communications group Creston plc (CRE) which noted just 1% revenue growth in the three months to 31st December 2014 “as a result of some client budget cuts and project delays within the UK health business, which will also affect the group's final quarter revenue”, we opted to take profits on the Nifty Fifty site. The following reviews following a research update.
Shares in provider of an online platform for the provision of services, blur Group (BLUR) have now declined to sub 50p - having been circa 730p a year ago. The following reviews post a trading update last week and now an update from Edison Investment Research.
Following a recent more positive trading update from digital inkjet printing technology company, Xaar plc (XAR), researcher Edison has upgraded its (previously vastly reduced) earnings forecasts for 2014 and concluded that “the rating does not look demanding given the growth potential, IP and cash generation”. The following reviews.
Who said that mining analysts were dull? When not writing the worst research notes in history, or getting smashed and then giving members of the working classes a damn good thrashing, it appears that Honourable Edward Charles d'Olier Gibson, son of the 4th Baron Ashbourne is having a spot of bother with the ladies.
Following a further revenue and profit warning from blur Group (BLUR) last week I updated that there may eventually be some consistent delivery of expectations, but the recent track record suggests continued caution and, whilst a focus on spin rather than just simply explaining the operational reality remains, this is a share I wouldn’t be comfortable holding anyway. The following reviews a rather more bullish research update.
Some folks think that I was wrong to call Louise Cooper an investment prostitute. I make no apologies. The silly cow painted herself as whiter than white, a Mother Theresa. The FACT is that she was more Princess Diana. She works for a company that takes cash from companies to interview them, then gives soft interviews without declaring the payments. That is investment prostitution and is WRONG. However...
Okay, Edison is paid by companies to produce reports so take this all with a pinch of salt (or seven) but the prostitute of the research world reckons that shares in Madagascar Oil (MOIL), now 10.125p are worth 29p or 52p. It writes:
The pre rescue bailout placing ramping exercise of Northern Petroleum (NOP) continues on Wednesday with a presentation somewhere in the Grim North organised by Proactive investors. A missive from Proactive sales bird Sophie Barrowman (pictured) last week tells you all you need to know about how the AIM Casino operates. Sophie gushes in semi-orgasmic tones:
Provider of portfolio analysis and asset pricing services for the global asset management industry, StatPro Group (SOG) has updated on “trading in Q3 2014 in line with market expectations” and that it “looks forward to a successful outcome for the year”. With me having concluded with the shares at 84p in August that they were not likely materially undervalued, the following updates my view with them having since slipped to 72p.
Identity technology group GB (GBG) has announced an initial £5 million (including £0.5 million of shares), and up to £6 million, acquisition of Transactis, an aggregator of customer transactional data and provider of anti-fraud and marketing-related services to both the private and public sectors in the UK. With I having previously doubted the stock market valuation of GB, the following updates.
Shares in Greggs plc (GRG) are currently approaching 600p on the back of an update that operational improvement initiatives, lower costs and more favourable trading conditions than were expected mean “we now anticipate full year profits to be materially ahead of our previous expectation”. Is this already reflected in the share price or not?
Since my previous comment on mobile money technology platforms and services company Monitise (MONI) - which followed an announcement from Visa that it is “considering its options with regard to its Monitise stake” and “intends to continue increasing its investment in its own in-house capabilities and, as a result, reducing its use of external resources”, researcher Edison has updated and there has been some boardroom share buying. The following updates with the shares, having recovered to above 35p, currently slipping back towards 30p.
I have noted before how Bango (BGO) merits an AIM Casino jam tomorrow promises. Floated in 1999 it has sent £27.5 million to money heaven and has never made a profit. Interims today are thus par for the course but the cash position looks tight. At 102p the market cap is £46 million and the shares are a screaming sell.
Performance, knowledge and learning management technology company, NetDimensions (NETD) has announced results for the first half of the 2014 calendar year and that it is “confident” looking forward. With the shares still though comfortably below the 78.5p reached earlier this year, what is the current value proposition here?
Thursday’s news that Visa was dumping Monitise (MONI) was quite clearly a disaster. It must have come as a total shock to Monitise otherwise the director who dumped 1.5 million shares at 44p on Monday (good call mate, BTW) would be heading for prison. And it is a body blow as I explain HERE.
Mobile money technology platforms and services company Monitise (MONI) has announced results for its year ended 30th June 2014 and a “confident outlook”. Is this though still discounted in a share price which has fallen from 80p earlier this year to a current 43.5p?
Manager of promotional and retail merchandising space in shopping centres and other high footfall venues, SpaceandPeople plc (SAL) has announced results for the first half of 2014 “challenging period for the group, with trading in a number of areas being slower than had been anticipated". It now expects full-year “profit before tax and non-recurring costs of between £800k and £1.0million and profit before tax but after non-recurring costs, of between £500k and £700k”. Is this discounted in a share price, which has fallen from more than 150p earlier this year to a current sub 50p?
Provider of trading and risk management software to the global commodity and energy markets, Brady plc (BRY) has announced results for the first half of the 2014 calendar year. It said that “the enthusiastic activity being demonstrated across all parts of the group, delivering both growth and healthy margins, gives me every confidence that we are on track to perform in line with full year expectations”. What does this suggest for the current valuation?
Following another profit warning last week, shares in inkjet printing technology company Xaar plc (XAR) continued to fall – closing the week at 420p. I update in the following with them now having nudged slightly higher towards 423p and on the back of an update from researcher Edison.
NetDimensions (NETD) is a performance, knowledge and learning management technology company that was followed on the Nifty Fifty website before its decision to increase its cost base in a “substantial… multi-year plan” saw gains banked. The shares would rise further – but, having reached 78.5p earlier this year, the following updates with them currently at 66p.
Convicted felon Champagne Charlie Gibson round at prostitute researcher Edison reckons that Ariana Resources (AAU) shares – now 1.08p – are in fact worth at least 1.9p but possibly up to 2.67p. Okay, The Hon Charles may have a penchant for giving members of the working classes a damn good thrashing after he has driven back from the boozer totally sozzled but sometimes he is right. We tend to think that this may be one of those occasions. Hooray, champers and a spot of oik bashing all round.
Shares in provider of trading and risk management software to the global commodity, energy and recycling markets, Brady plc (BRY) have recovered to a current 77p having fallen to 62.5p in the aftermath of an early year profits warning noting that the company was “disappointed with the impact of timing and currency” on its 2013 calendar year results. The following updates post the release of a trading statement for the first half of 2014.
A results statement for the first half of the 2014 calendar year from provider of portfolio analytics for the investment community, StatPro Group (SOG) affirms “solid progress on the execution of our strategy to transition fully to a cloud-based business” but that this, together with increased expenditure on sales people and marketing activities, has impacted earnings. The following reviews with the shares currently unchanged on the results announcement at 84p.
Next Fifteen Communications (NFC) has updated that recent trading has seen a continuation of positive growth trends and that despite the strength of sterling, against the dollar in particular, holding back reported revenues and profits, it expects annual revenues to have exceeded £100 million for the first time in the company's history and “to deliver results at least in line with management expectations”. With me having concluded in January that at an approaching 90p share price there looked to be some growth and income value on offer here, the following updates with the shares currently at 114.5p.
Tom and I have recently published a new e-book, “The 49 Golden Rules of Making Money from Oil, Gas and Mining Stocks”. Over the last few months, Sound Oil (SOU) has provided a perfect case in point for several of our Golden Rules. Back in the spring, when the shares traded hands between roughly 4.6p and 6.9p, this could have been a wonderful stock to buy, based on the company’s success at Nervesa. Thorough research and good timing would have definitely paid off. Today, however, at 12p (last seen) and a market cap of £49.84million, the risk/reward balance appears to have tilted more towards the risk side of the equation, despite the progress the company has made. And if you don’t believe me about this
Early this month Monitise (MONI) served up a dismal profits warning. Delays in revenues were – in true Rob Terry fashion – viewed as being for good reasons but once again this company failed to hit targets. Now we see a weedy non-announcement and an Edison puffery research note all of which are Red Flags. Whatever Monitise says it is running out of cash and a placing is inevitable.
Bushveld Minerals (BMN) shares may be cheap but this cheap? Well prostitute researcher Edison is paid to say nice things but surely convicted felon Charlie Gibson is over-egging the pudding with this note? Decide for yourself. The Honourable Mr Gibson writes:
On 27th June, AIM listed Outsourcery (OUT) announced that it was holding a “Capital Markets Day.” Hmmm, this is an £12 million capitalised AIM listed POS with pretensions is it not? The company started with a raft of positive guff but then – if you had not fallen asleep and got to the bottom of the release – found that it was admitting that it was a year behind schedule and needs to raise cash this year to keep going. Now even prostitute researcher Edison is sticking the boot in – what it says and what management says look very different to me. Why would anyone refinance this train wreck?
Prostitute researcher for hire Edison normally puts the best possible spin on life for its clients. Which is why a note out last week on WANdisco (WAND) catches the eye as it explicitly cuts forecasts and warns of an equity raise.
Analyst Fiona Orford-Williams ( who we bet did not grow up next door to Brokerman Dan Levi in the Manchester slums sharing a communal outside lavatory) at commissioned researcher Edison reckons that shares in Entertainment One (ETO) are “excellent value” at 333p after the trading update yesterday. Excellent maybe Edison over-egg but good value is perhaps not unreasonable.
Northern Petroleum (NOP) is running out of money. A cash call is inevitable and it will happen before Christmas. Hence prostitute researcher Edison has “reinitiated coverage”. That means Northern has paid it a cheque to write bullshit so that private investors are suckered into buying the stock before institutions buy in at a whopping discount. The Edison note says it all. It is a classic.
Since my previous update on blur Group (BLUR), the shares have slipped further – to a current 75p. Having at one stage early this year reached almost 800p, some see value at current levels. But is this illusory?
Shares in mobile banking, payment and commerce company Monitise plc (MONI) were hit earlier this month by a trading statement – as analysed HERE. Heck, let's not beat about the bush: trading statement equalled revenue warning. Forget about profits, they are years away (at best). With lower forecasts now in place and the shares having recovered a bit to a current 46p, should you buy?... No!
I am normally pretty rude about the prostitute of the research world, commissioned researcher Edison but today I agree with it. Yikes, I must be suffering from sunstroke after a hard morning hacking away at olive trees. Edison reckons that at 209p K3 Business Technology (KBT) is cheap on the back of a trading update and could be worth 250p plus. Having tipped this stock at 148p on my Nifty Fifty website I welcome Edison to the fan club and I agree with its conclusion.
The uber-prostitute of the equity research world, commissioned researcher Edison has published a piece of PR puffery, sorry I meant detailed research note claiming that the 446p valuation of its client Optimal Payments (OPAY) can be justified. Yeah…right.
Researcher Edison is paid by companies to produce research. It is a prostitute. It does not question how good looking the client is or how much its breath smells of garlic it just gets on with the job at hand, penning research. At the end of the job the client is satisfied. The research is always bullish. And so worthless. Case in point XP Power (XPP) which at 1,494 is described as have an “undemanding” valuation. Oh tickle my cojones again madam and tell me how well-endowed I am.
Commissioned researcher Edison has published an enthusiastic note on Leni Gas & Oil (LGO) at 4.1p arguing that recent Trinidad success is just the beginning.
This just looks all wrong. Even based on the numbers in the latest paid for PR piffle (I mean in-depth research note) from Edison, shares in Volex (VLX) are at 80p ludicrously overvalued. The very odd behaviour of the directors makes this smell even worse.
I previously wrote on this website about Advanced Computer Software Group (ASW), a provider of software and IT services to the UK health, care and business sectors, in February – suggesting that it was worth continuing to back CEO Vin Murria with the shares then at a 113.5p offer price. With the shares currently at 122p, after recent results and analyst updates, it is time to rexamine this stock.
For once commissioned researcher Edison has served up a half interesting report highlighting what looks like a good investment and a safe play on shale: New City Energy (NCE).
Commissioned researcher Edison has today published a research note on The Innovation Group (TIG) – the company once run by Quindell (QPP) boss Rob Terry in the wake of its interims. It reckons the shares, now 34p, should be at 40p.
I previously updated on Vislink plc (VLK) on this website in March – noting that the then 47.5p share price looked harsh. With the company having subsequently announced 2013 results and the shares having slipped back from 50p early last month, the following updates.
This time the report is vaguely credible not the shocking lie-filled ramp Tangiers Petroleum (TPET) commissioned in Australia which we reported on HERE. Today’s paid for offering comes from Edison, the employer of star analyst and convicted felon Champagne Charlie Gibson. Sadly it is not the Hon Charles who has produced this report.
Researcher Edison has published a non-commissioned report on retail giant Marks & Spencer (MKS) arguing that a recovery story is emerging. The report suggests this will be “evolution not revolution” – i.e. not rapid but suggests that the shares are undervalued at a 445p share price.
I first commented on ASOS plc (ASC) on this website at around this time last year – concluding, with the shares then at 3755p, that despite the growth being recorded and growth potential, the valuation looked incredibly stretched to me – see HERE. In February this year the shares reached 7050p. The following updates with them now back to levels of May 2013 and following the recent publication of a consumer sector report by researchers Edison entitled ‘Challenging the internet premium’.
Now the largest film distributer in Canada, the largest independent film distributer in the UK, Spain and the Benelux and a FTSE-250 constituent, Entertainment One (ETO) has updated that “full year earnings are expected to be ahead of management expectations” and that “the directors remain confident in the outlook for the company”. However, is this already more than discounted in a share price which, at a current 324.5p, is significantly ahead of the 175p of less than a year ago (when the shares were added to the Growth portfolio of the Nifty Fifty)?
Shares in power and data cabling provider Volex plc (VLX) 'short-circuited' in November when the company announced “disappointing” interim results. It noted that these “highlight the hard work ahead for the new management team in turning around the business and setting it on a renewed growth path”.
Having previewed the interim results of international specialist in the acquisition, production and distribution of film and television content, Entertainment One (ETO) last month (see HERE), the following updates post the results announcement and with researcher Edison also having published its reaction.
Shares in international entertainment content owner, producer and distributor, Entertainment One (ETO) have been written up on this website in April at 184p HERE and May at 191.5p HERE. The following updates, with the shares currently at 205p, following a statement last week on trading so far in the company’s year ending 31st March 2014...
They do not like it up ‘em. Shares in some of the darlings of the AIM market have taken a bit of a hit of late and some folks, the believers, believe that this is the result of a great conspiracy involving myself, Evil Knievil, Lucian Miers, Zak Mir, Red Evans and others. How about a quick look at the facts.
Commissioned researcher Edison has published a note on WanDisco (WAND) following an upbeat trading statement for Q1 out today.
AIM-listed identity technology company GB Group (GBG) has complemented an “ahead of market consensus” March update with a more detailed trading statement which has helped the shares more than 5.5% higher thus far today, to a current 98p.
A couple of days ago commissioned researcher Edison published a detailed buy note on AIM and TSX listed Arian Silver (AGQ) at 9p suggesting that a target price of 16p was achievable assuming that the company raised $21.4 million of debt and $8 million of equity at the then share price to meet its funding needs until it turns cash positive in early 2015.
Edison Research reckons that the sell off in gold is “nothing out of the ordinary.” You could have fooled me. It reckons that gold will bounce back and is maintaining its long term price assumption at $1676. That would imply gold equities will bounce back sharply.
Commissioned researcher Edison has published a detailed research note on AIM listed Arian Silver (AGQ) arguing that the shares, now 9p, could be worth 16p.
XP Power (XPP) commissioned this research note from Edison and so it cannot be viewed as impartial. But the analysis appears solid and it contains detailed forecasts which are of interest.
Entertainment One (ETO), the London main market listed producer and distributor of film and television content, has updated that “full year earnings are anticipated to be in line with management’s expectations” on underlying revenue up 11% in the 10 month period to end January. The shares have risen from a 13.5p low hit in the depths of the markets 2009 despair to a current 188p. They did however trade above 200p in late 2011/early 2012 and, with a present market cap in excess of £500 million, the following offers my current take here…