Keyword results: Nifty Fifty website

PREMIUM CONTENT

OptiBiotix Health - again a buy

Having reached circa 130p in August, shares in OptiBiotix Health (OPTI) have slid to 78p-81p. This is despite a pipeline of seemingly very significant deals likely to be converted and as such…

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SNX
SNX
PREMIUM CONTENT

Synectics – a buy for recovery

Having been over 600p in 2013, shares in Synectics (SNX) were heading towards 100p towards the end of 2014 following a “Trading Update and Board Changes” announcement, which included from Chairman David Coghlan; “In the board's view, and I'm sure that of other shareholders, a third profits warning in a year for Synectics is unacceptable, even after five years of solid profits growth. Some of the factors behind this poor performance have been outside the company's control, but others were not. Action is being taken to ensure future profitability is not dependent on the timing of revenue recovery in certain sectors”. Such action looks to have been taken, but the share price has only recovered to a current 220p offer – and this looks a recovery story with more to go…

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VRS
VRS
PREMIUM CONTENT

Neill Ricketts walks on water but Versarien remains a sell for the brave (& First Derivatives)

Neill Ricketts, CEO of Versarien (VRS), the graphene company which is currently the number one pin-up stock on AIM, can be forgiven for thinking that he can walk on water.

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PREMIUM CONTENT

Rose Petroleum - a Buy

Half-year results from Rose Petroleum (ROSE) saw it concluding “the board is looking ahead with confidence and is excited about the group moving from being an oil explorer to an oil producer in the next quarter”. The shares responded higher, but at still little more than a £5 million market cap we see much more excitement to come…

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Catenae Innovation - coming together now we believe

Catenae Innovation (CTEA) has had an update of sorts. We have also spoken to the company. It is coming together now, we believe.

PREMIUM CONTENT

Purecircle - ludicrous levels of inventory and sloppy accounting; sell

Purecircle (PURE), the jam-tomorrow sugar substitute shambles about which I have written in the past is a difficult stock to trade. The share price seems to do nothing for ages and then move violently for no obvious reason in a very short space of time. Late in August it lost 25% of its value, from 400p-300p, in three straight trading days. Since then it has rallied to 375p after publishing dire results for the year to June 2018.

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POG
POG
PREMIUM CONTENT

Petropavlovsk – interims impacted by management ‘disruptions’, but emphasises “already turned a corner”

Petropavlovsk (POG) has announced results for the first half of 2018, which it notes “show the effect of the disruptions to the operations caused by the management hiatus in H1” but the recently returned management emphasise that “we can already report significant progress”

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R4E
R4E

Reach4Entertainment – interims, 'to build on improvements made'?

Live entertainment marketing group Reach4Entertainment (R4E) has announced results for the first half of 2018 and that “we expect to continue to build upon the improvements made, through the remainder of 2018 and beyond”…

POG
POG

Petropavlovsk – “significant progress” with a “key objective” - BUY

The recently returned management at Petropavlovsk (POG) are “pleased to have made significant progress” with one of their “key objectives” - “to achieve a solution to remove the company's guarantee of IRC's borrowings”

VCP
VCP
PREMIUM CONTENT

Victoria - lessons From my Carpeting & again a sell

“Drunken Sailor” commented to me a few days ago; I would find it useful if you could do occasional reflective pieces on ones that go wrong and any lessons to learn from them.” OK Drunken. Here goes…

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US-Flag-Blonde
PREMIUM CONTENT

Pot stock Tilray On The Watchlist to short ahead of collapse

It is true that it is not normally a great idea to short a company’s shares simply on the basis that its value is crazy because, as we all know, crazy can get a lot crazier. As a general rule it pays to wait for weakness in a crazy share price of, say 25%, rather than attempt to call the top.

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PREMIUM CONTENT

Tesla - Musk’s Folly is Likely to Hasten the Endgame

It’s looking increasingly like Elon Musk’s go private “funding secured” tweet on the 7th August has backfired horribly as Tesla (NASDAQ - TSLA) now trades $40 below the prevailing price before he sent it. I was recently accused of confirmation bias on Tesla, i.e. of looking only at the bear case and ignoring the positives but it is difficult post-tweet to find any bullish case that holds water.

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Lucian Miers: Still Short Tern

I suggested shares in Tern (TERN) were a sell in June - noting that its main asset, Device Authority, appears to need constant drip feeds of cash from Tern - which, in turn, taps the AIM market regularly and that this summer Jo Retail is proudly wearing his tech hat and taking a swing at The Internet of Things...

US-Flag-Blonde

Lucian Miers: Still Short Tesla

Last week was not ideal for those short of Tesla (US - TSLA) after that tweet announcing the potential biggest take private deal in history. Nothing now surprises me with this company and, also having been a victim of the Autonomy-Hewlett Packard debacle seven years ago, I am wary to dismiss the possibility of a deal out of hand. But as the week closed without any further details emerging, it is looking increasingly likely to me that the funding might not be “secured” as claimed.

FOX
FOX

Fox Marble – half-year update, progress being made

Fox Marble (FOX) has updated on the first half of 2018 and that “as we move into the second half of the year our focus will remain on capitalising on growth, increasing our capacity and enhancing our product range in order to strengthen our position in the market”

BKY
BKY

Berkeley Energia – a mixed bag quarterly update, but the investment case remains intact

A latest quarterly report from Berkeley Energia (BKY) includes “the government of the region demonstrated its continued support for the Salamanca mine in June when it rejected a resolution from opposition groups requesting that the company's potential €250 million investment be halted”, though also there’s been “issued a notice to the municipality recommending that the Urbanism Licence should not be awarded until two outstanding items regarding the licence are resolved”

US-Flag-Blonde
PREMIUM CONTENT

Tesla - Musk Looks Like He is Losing the Plot

Tesla (NASDAQ - TSLA) reports Q2 numbers after the close on Wednesday and after Elon Musk’s bizarre performance on the Q1 earnings call, this one is likely to be box office. Far from learning from that meltdown back in May, his behaviour since has been even more erratic - with his spiteful reference on twitter to the British diver involved in the Thai cave rescue as “that pedo guy” and, more recently, his contacting the boss of a vociferous critic on twitter “Montana Skeptic”, with threats of legal action.

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POG
POG
PREMIUM CONTENT

Petropavlovsk - a good one to buy and tuck away

Petropavlovsk (POG) is a stock we banked small gains on last year after finding ourselves on the losing side of a boardroom battle, though noting we still believed the fundamentals remained attractive. The share price is not greatly changed – but the former management is now back and so…

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US-Dollar
PREMIUM CONTENT

Update on Tesla - still a Short

Two months ago at the UK Investor Show, I tipped Tesla (US - TSLA) as my top short for 2018 at $300. The shares are now 11% higher than that having touched $370 in the interim, so my timing has not been great and for that I apologise. Nevertheless, I still believe that, despite it being a crowded trade, and despite the fact that Elon Musk still enjoys unquestioning support from his cult followers, the company faces existential threats which could overwhelm it in short order and it is therefore the right thing to maintain a short position.

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NXR
NXR
PREMIUM CONTENT

Norcros – full-year results emphasise “excellent progress”, still a buy

Bathroom and kitchen products company Norcros (NXR) has announced results for its year ended 31st March 2018, emphasising “excellent progress towards our strategic objectives” and that “the board remains confident that the group should continue to make further progress for the year ending 31 March 2019”

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Bear
PREMIUM CONTENT

Sell MiMedx and Purplebricks

US biotech firm MiMedx (NASDAQ - MDXG) has announced that none of its financial statements going back to 2012 can be relied upon and that it is still unable to file for Q4 2017 and Q1 2018. Its CFO was leaving with immediate effect to be replaced by one Edward Borkowski, who had previously tended the books of Canadian pharma company Concordia until it went bankrupt.

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CMH
CMH

Chamberlin – FY results; short-term margins undermined, but revenue growth and outlook encourage: BUY

Results for its year ended 31st March 2018 from foundries and engineering company Chamberlin (CMH) emphasise “very encouraging revenue growth”, though “technical issues at foundry operations undermined margins although these issues are now largely resolved”. The following updates after a chat with management…

Bear

Catalysts at Tesla and Telit - keep selling!

In these benign markets, the word “catalyst” is heard frequently among bears. They may agree that they have found a real turkey, but fret about what specific event will engender a sudden loss of confidence and resultant share price fall. I suggested recently that a cash crunch is the most reliable catalyst for a correction, but it’s not that straightforward as demonstrated by two of my favourite shorts - Tesla (NASDAQ - TSLA) and Telit (TCM), both of which have traded sideways for a while.

Fevertree - Onto My Bear Watchlist

In what has been the longest running bull market that I can remember, in which stocks have risen, pretty much in a straight line for over nine years, it has been hard for bears to witness the benign tolerance with which evidently flaky and fraudulent companies are treated by the investing community. In these times patience is required, and it is worthwhile preparing a watchlist of names that are likely to be the most vulnerable when the market finally rolls over. While this list should comprise for the most part those with over-leveraged balance sheets and questionable accounting practices, solid companies should not be discounted out of hand.

Shoe Zone – a good first half & remains confident of the outlook - BUY

Shoe Zone (SHOE) has announced results from “a good first half” ended 31st March 2019 and “trading momentum has continued into the second half, in line with expectations for the full year”

SND
SND

Sanderson Group – interims “slightly ahead of management's expectations”, but...

Digital retail technology and enterprise software group Sanderson (SND) has announced results for its half year ended 31st March 2018 “slightly ahead of management's expectations” and “the board has a good level of confidence that Sanderson will make significant further progress during the current financial year”

US-Flag-Blonde

Inspired Entertainment - the FOBT ruling & a Car Crash Balance Sheet

Back in January, I suggested selling Inspired Entertainment (NASDAQ - INSE) at $7.70 on the basis that a revised £2 maximum stake on Fixed Odds Betting Terminals (FOBTs) from the current £100 would cause serious problems for the company.

R4E
R4E

Reach4Entertainment – disappointing results announcement, where now?

Theatre productions and events marketing company Reach4Entertainment (R4E) has announced results from a challenging” 2017, which also saw “significant change for the company particularly through the appointment of a new management team in Q4 of 2017 under CEO Marc Boyan”

BKY
BKY

Berkeley Energia - a buy

A Buy at a 20p offer price share tip in September 2015, the gain on shares in Berkeley Energia (BKY) was banked at a 56p bid price in October 2016 on a 20% one day rise thanks to a newspaper tip. At that point we noted how we could see how, on a fundamental basis, the shares are worth 100p+ looking at the numbers thrown off by the definitive feasibility study and that we may re-enter if the shares come back allowing us to buy with a margin of error. The company has since made significant progress, but the shares not and so…

LPA
LPA

LPA Group - a buy

In January LPA Group (LPA) announced record results and in March updated that this year also “should present us with an excellent result. However, despite already being on a modest rating, the shares are down from 178.5p in February to a current 155p offer price and so…

Purplebricks & Ticking Timebombs

At last month’s UK Investor Show I grumbled about the difficulties of being short in the current fraud-friendly climate in which fundamental analysis seems way down the pecking order of share picking criteria and suggested that unless it can be shown that a company is in imminent danger of going bust (Carillion, for example) shorting right now is an uphill battle. I might have added that shorting a name where there is a small free float is also a dangerous game. Which brings me back to Purplebricks (PURP).

Tesla - Elon Musk Shows That The Wheels Are Starting To Come Off

As I write, Tesla (US - TSLA) at $305 has regained the level at which it was trading on Thursday when Musk lost the plot on the Q1 conference call, causing the price to drop 7% in minutes.

Altyn – 2017 production growth constrained, but transformational financing “very close”

Gold miner in Kazakhstan, Altyn (ALTN) has announced 2017 results including “infrastructure enhancements and progress of the underground decline have been continuing” but that “production was constrained by the closure of the processing plant for maintenance and availability of the necessary equipment”

SND
SND

Sanderson – trading “slightly ahead” & “a good level of confidence”. All Good - BUY

Digital Retail and Enterprise technology group Sanderson (SND) has announced “trading results for the six months ended 31 March 2018 are slightly ahead of management's expectations” and “a good level of confidence that Sanderson will make significant further progress during the current financial year ending 30 September 2018”

TCM
TCM

Telit - results re-emphasise a compelling sell at 160p

Despite missing even the most pessimistic forecasts, Telit Communications (TCM) was given the thumbs up by the market, up 3% as I write, to 160p. I guess on the basis that the kitchen sink job is now over and it is onwards and upwards from here.

FOX
FOX

Fox Marble – new factory installations add to potential

Fox Marble (FOX) has announced new installations in its marble processing factory in Kosovo to “provide additional capacity to meet increased order flow and improve margins”.

Red-Flag

Sell the Steinhoff Rally

For some reason shares in Poundland owner Steinhoff International (Frankfurt: SNH) rallied 20% pushing its market cap back over €1 billion, albeit still down 90% since it was engulfed in scandal last December.

Plus 500 - Once More Unto The Breach

I have made a right hash of trading Plus 500 (PLUS) in the past. It has to date completely defied two observations that I made. The first was that companies which make money by ripping off their customers do not last long and the second was that when insiders sell stock in significant quantities it is wise for investors to follow suit.

Altyn – bonds agreement sparks shares, more to come

Altyn (ALTN) “is pleased to announce… an underwriting agreement with JSC Freedom Finance, a subsidiary of Freedom Holding Corp. to raise c. US$15m, through the issue of five-year non-convertible tenge-denominated bonds”, with CEO Aidar Assaubayev emphasising “completion of the bond issuance will allow the company to accelerate the achievement of target production capacity levels, transforming the company into a significant gold producer in Kazakhstan”…

SND
SND

Sanderson Group – positive trading & “a good level of confidence” of continued progress

Digital retail technology and enterprise software group Sanderson (SND) has updated on trading and that it has “a good level of confidence that the group will make continued progress in the current financial year ending 30 September 2018”

R4E
R4E

Reach4Entertainment - Gate out at 1.5p. Now the fightback can begin

When Gate Ventures and Johnny Hon first told Reach4Entertainment (R4E) and its useless, money grabbing, good for nothing, gutter dwelling Nomad and broker Allenby that it wanted to sell its 23% of the company the shares were well over 2p. With the stock placed they are now 1.55p-1.6p. Well done Allenby you useless clots. Enjoy spending your £170,000 commission.

IQE
IQE

Thoughts on IQE from Lucian Miers

I took a lot of abuse on twitter recently. My crime, it appears, was forwarding a negative report on IQE plc (IQE) which seemed to me to raise some important questions about the company’s accounting treatment of two joint ventures it had established.

CPI
CPI

Is it Time to Buy the Outsourcers - Capita, Mitie, Interserve?

One of Warren Buffett’s favourite maxims is to be greedy when others are fearful and fearful when others are greedy.

Altyn – 2017 production up, but not as much as hoped. Reasons for 2018 optimism though

Precious metals producer and explorer in Kazakhstan, Altyn (ALTN) has updated on its 2017 production and development and that it “is in the final stages of negotiations to obtain finance from a number of interested parties for the expansion and development of the mine. This will enable the company to move production in the future to the planned output levels of 60,000t increasing to 80,000t per month”

The Clock is Ticking for those who wish to Short Carillion

Time is rapidly running out both for support services group Carillion (CLLN), and for those not short the stock.

MySquar and Tesla - both going DOWN big time

Shares in MySquar (MYSQ) recently more than doubled valuing the disreputable Myanmar (Burma) play at around £22 million, a ludicrous sum for a transparent scam that stands out even when measured by the exalted standards of AIM.

FOX
FOX

Fox Marble - new sales deal, placing, debt for equity swap. All good news!

I knew about this. I was an insider as well as a loyal shareholder. And for that reason I declined to make Fox Marble (FOX) one of my tips of the year. Otherwise I would have been sorely tempted. 2018 may well be the year of the Fox.

BEG
BEG

Begbies Traynor – positive interims as cycle looks to be turning its way

Business recovery, financial advisory and property services group Begbies Traynor (BEG) has announced results for its half-year ended 31st October 2017 and that “the group is in its strongest position for many years”...

R4E
R4E

Reach4Entertainment – placing largely as we expected, now excitingly poised

Having noted on a potential Reach4Entertainment (R4E) placing last week that we understand that there has been strong demand at 1.5p per share and that we’re looking at £5 million at least being raised, the company has now announced a, conditional on General Meeting approval, £5.5 million placing at 1.5p…

Wolf-of-Wall-Street

Tesla: I don’t think the movie will have a Happy Ending

I wrote a while back that Tesla (TSLA - NASDAQ) would be a cracking short if and when its shares break down below $300. They didn’t quite make it, rebounding sharply from $308. But the rally looks like it has run out of steam and they are heading south again.

FOX
FOX

Fox Marble – completes a first sale from newly operational factory, momentum building

At the end of last month we noted from marble quarrier in Kosovo and the Balkans region Fox Marble (FOX), with the shares then down to circa 7p, disappointing interim financials but some reasons for optimism. The company has now since followed a $500,000 receipt from a sales agreement with a “First consignment of marble to Marble Dino” announcement...

TCM
TCM

Telit - press rumours provide selling opportunity

The timing of last week’s short call on Telit (TCM) was somewhat spoiled by rumours, fuelled by a story in the FT, of a bid for part or all of the company. Rothschild was said to be gauging interest in the automotive division with a price tag of £100-150 million, “according to two people briefed on the situation”. It was hinted that the obscure Chinese fund, Run Liang Tai Management, which has recently acquired 14% of Telit might bid for the whole company.

FRR
FRR

Frontera Resources - sell while stocks last

Texan oil company Frontera Resources (FRR) has been relieving retail investors of their cash for over 12 years now. In that time, it has blown a staggering $490 million on unsuccessfully attempting to extract oil from Georgia.

Altyn – some interim results disappointment... but here is why you buy

Tipped by ourselves in April, shares in precious metals miner and explorer in Kazakhstan Altyn (ALTN) initially performed reasonably, but subsequently slipped back – and currently even more so on the back of a half-year results announcement…

HCM
HCM

Hutchison China MediTech – biotech setback last chance to buy

Never tip Chinese stocks is a golden rule I broker a couple of months ago when tipping shares in Hutchison China MediTech (HCM) at an 870p offer on my Nifty Fifty website. All seemed to be plain sailing until…

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