Keyword results: Primary Bid

PREMIUM CONTENT

Abingdon sings at the Covid bailout placing ball, next up Omega Diagnostics then Abingdon again?

Abingdon Health (ABDX) will, no doubt, claim that its up to £6 million placing, open offer and Primary Bid offer at 25p is down solely to the DHSC not paying delayed bills. But then again this was a company that was technically insolvent before it raised £20 million at is IPO a year ago so, in my view, it has always been a basket case and I have explicitly warned you many times that a bailout was looming. For the record, this will not be the last one. So, who is next? Abingdon again or the other grossly overhyped covid dog Omega (OMX). But first a covid prediction…

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Let's Go Brandon! Let's Go Brandon! Let's Go Brandon!

I discuss today’s US elections, what will happen and what it means. Suffice to say Let’s Go Brandon! Then I look in detail at the forthcoming IPO of ProCook Group Limited which you can access on Primary Bid HERE. I would not. I also look at Kefi (Kefi), Sensyne (SENS) and Berkeley Energia (BKY). There is more on Let’s Go Brandon and on US politics in a podcast special on my own website HERE

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Which high profile journalist said last night "TW was brave and TW was right!"

Jeepers, the answer will shock you but is a reminder that Fleet Street does read this website avidly.  In the rest of the podcast, as my son spends the day vomiting I discuss a work life balance that is becoming increasingly daft. Then I head back to work looking at Ariana Resources (AAU) where I disagree with Nigel and probably lose another friend (Kerim Sener),  Chesterfield Resources (CHF), Boohoo.com (BOO), AO World (AO.), Parsley Box (PUKE), Mercantile Ports (MPL) and Primary Bid and what it needs to change.

Subscribe to ShareProphets to access Premium Content
MPL
MPL

Letter to AIM Regulation re Mercantile Ports & Logistics – did it mislead investors in placing?

It should not be me contacting the Oxymorons at AIM Regulation about this it should be Nomad and broker Cenkos Securities and Primary Bid which raised money at 0.45p per share on August 19, putting their clients into this serial dog. Indeed, Lagos Securities should be considering whether, in light of today’s share suspension, it can continue to act as Nomad for Mercantile Ports and Logistics (MPL). I believe that should be resigning at once. I have written to the Oxymorons as you can see below.

MPL
MPL
PREMIUM CONTENT

Mercantile Ports & Logistics shares suspended - will Primary Bid finally admit it goofed?

I keep being promised a call from the chimpanzees that claim to manage Primary Bid explaining why it was prepared to raise cash for Mercantile Ports & Logistics (MPL)  at 0.45p on 19 August. Here we are, just six weeks later, and the shares have been suspended at 0.3p to sell. At this point will Primary Bid finally accept that its due diligence process for client take on needs a dramatic overhaul.

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - what about the victims?

I discuss a fascinating article about XL Media (XLMHERE in the Times of Israel. If I wanted to list a fraud I’d be big on ESG as was XL. Chris Bailey’s fund manager pals would love it as I stole all the cash. I look at gender targets and ask what they should be, referencing Principals of Cambridge Colleges. I look at Mercantile Ports (MPL) and PrimaryBid and then what I plan, or hope, to do next about the fraud Umuthi (UHS), ask the victims to tell their stories. I look at Paul Johnson’s Power Metal Resources (POW) and its latest news which takes me back to 2007 and Mark Watson Mitchell’s Yellowcake. I comment on Asimilar (ASLR) and then go to town on Deepverge (DVRG) and its journalist trolling cock of a CEO Gerry Brandon explaining why I believe investors were materially misled in the run up to the £10 million June 7 placing and why the company is, for a variety of reasons, a total bargepole. It is just not investment grade material.

Subscribe to ShareProphets to access Premium Content
JLP
JLP
PREMIUM CONTENT

While Bears shit in the woods and the Pope practices Catholicism, Colin Bird companies are always placing – its Jubilee Metals this time. Two questions.

Jubilee Metals (JLP) has been stressing how profitable it will be this year and how next year it will be so profitable that it could pay a dividend. Obviously with Colin Bird as chairman talk of profitability and dividends can only mean one thing. Yes….its another placing! Knock me down with a feather. But this one begs two big sets of questions:

Subscribe to ShareProphets to access Premium Content
Top-10

Notes from Underground – Most read articles for the week ending August 21

The top non-Tom article this week is Jubilee Metals is making good progress with production and is set to benefit from strong metal prices: BUY by Gary Newman at number five or number eleven if you include the Bearcast and Tom’s new shareshow. 

MPL
MPL

Open letter to Primary Bid - have you no shame at all? Ref Mercantile Ports

Tonight’s offer from Primary Bid is Mercantile Ports (MPL) at 0.45p. If you register for Primary Bid through us (and please do so here), we earn a small fee each time you take part in an offer. Notwithstanding that, I suggest you do not take up this offer. This is a bargepole stock, a company that should have been slung off AIM years ago as it is a disgrace to capitalism. I have written to Primary Bid.

VOD
VOD
PREMIUM CONTENT

A bit of Hotel Chocolat...and then onto Vodafone

I have been really impressed by Hotel Chocolat (HOTC) as a (very) occasional consumer, but never (to date) as an investor. A couple of months ago I observed that I was waiting for a 300p or below share price, a level we have not seen for around a year. Yesterday early evening PrimaryBid offered an opportunity to participate in a money-raising for the group. You can guess what I said at a 355p share price (equivalent to a then discount of 2.74%) offer.

Subscribe to ShareProphets to access Premium Content
SOS
SOS
PREMIUM CONTENT

Sosandar – Placing and Primary Bid Offer - numbers are just wrong

AIM-listed online ladies fashionwear purveyor Sosandar (SOS) has announced the placing I have long predicted, and a Primary Bid offering alongside. The fundraising, announced at 5pm yesterday – after hours, natch, was planned to raise £5.24 million at 20p per share and this morning it was announced that the placing and Primary Bid offer had closed, having been oversubscribed. My stance for the past few months has been wake me up after the next placing. So am I now a buyer?

Subscribe to ShareProphets to access Premium Content
KP2
KP2
PREMIUM CONTENT

Kore Potash – “Oversubscribed” institutional fundraise? Then sack the Broker!

I am rather glad I do not hold shares in AIM-listed Kore Potash (KP2) for if I did I would have been fuming at 6.30pm last night – no-one-is-watching o’clock – as the company announced the result of its proposed placing at a mammoth discount, and – to add insult to injury – oversubscribed. Not only that, but it was an institutional tin-rattle so only the great and the good get a look-in at bargain basement prices. You ordinary shareholder plebs obviously don’t count!

Subscribe to ShareProphets to access Premium Content
ARB
ARB
PREMIUM CONTENT

Argo Blockchain placing & director share dumping – surely this is the wrong way round?

Last night, Argo Blockchain (ARB) announced a bookbuild and Primary Bid offer to raise £26.8 million at 200p. It was hugely oversubscribed. This sector is hot and both retail and institutional investors could not get enough. Good luck to them all.

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Happy Brexit has been done New Year to you all

I mean it. Happy New Year to you all, especially our own in house Euro loon Jonathan Price who will be in tears at 11 PM tonight. I shall not be! In this podcast I discuss the FCA and today’s mini-bond calamity in waiting, Supply@ME Capital (SYME), and the Marwyn vehicle (MAC1) where Vin Murria is now on board but where it seems impossible to buy shares. That’s not much fun is it? Vin: how about a Primary Bid offer for we plebs? I also lash out at Priti Patel and the Tories for blowing off the public sector while the private sector is screwed. I thought that is what Labour was for.

Subscribe to ShareProphets to access Premium Content
Timebomb
PREMIUM CONTENT

Edison’s grossly misleading research on Dragon Sarah Willingham’s Nightcap – this is a monumental deception of retail investors

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.

Subscribe to ShareProphets to access Premium Content
Collapsing-Reactor
PREMIUM CONTENT

Dragon's Den Sarah Willingham and her Nightcap float –a bargepole offering from Primary Bid

After the company’s PR firm managed to persuade another lacky journalist at the Sunday Times to do a massive puff piece for Nightcap, a firm run by Dragon’s Den Sarah Willingham, I am this morning invited to invest in the AIM Casino IPO via Primary Bid. Here is what the Sunday Times and other pliant hacks do not tell you and this is why “I’m out” on this one. I’d rather eat my own toenails than invest.

Subscribe to ShareProphets to access Premium Content

Tern - contract for FundamentalVR fails to impress

AIM-listed jam-tomorrow investment company Tern plc (TERN) has announced a contract for investee FundamentalVR (FVRVS) but it seems the market in unimpressed and shares in Tern have again fallen below the recent fundraising price.

PREMIUM CONTENT

WH Ireland screws private investors in Pantheon Resources

Pantheon Resources (PANR) today completed a massive placing and Primary Bid offer at 31p. The shares were 33.7p bid (off 4.5%) yesterday but on the 13th they were 40p with some mug punters paying well North of that. On 11th November with the shares at 31p broker WH Ireland published a lengthy research note.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

ITM Power – I was watching (at 17:39) – Final results & a whopper placing (with Snam)

No one’s watching o’clock (after 5pm) is well established for writers on this site. We watch. We read.  Any company that publishes substantive information after this time is immediately red flagged for review. Yesterday at 17:39 ITM Power (ITM) published year to April 2020 results. It also declared a very significant 235p placing of £165 million, corner stoned by Snam S.p.a. What a dilemma!

Subscribe to ShareProphets to access Premium Content
  • 451 days ago
Buffett

This Primary Bid offer is tempting – certainly worth a small punt

Most Primary Bid offers I can happily ignore. But the one just announced looks interesting.

SAE
SAE
PREMIUM CONTENT

Simec Atlantis Energy– Emergency bailout placing and more risk!

Simec Atlantis Energy (SAE) finally fessed up on its need for cash, announcing an emergency bailout placing today. The results have been issued as unaudited as the company needs the cash to obtain an unqualified audit statement. All very predictable, as I did most recently here. So that justified Ouzo on my cornflakes, but the detail in the RNS statements today rings even more alarm bells for me related to the fuel supply for Uskmouth Power – the claimed flagship project in the portfolio.

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: It's all about cash as the real economy tanks

I start with the rather stupid, uber-woke dismal Tory MP for Wrexham, Sarah Atherton, and her latest photo tweet. I move via International Consolidated Airlines (AIG), as I discuss just how awful the real economy is, how no-one, especially Intercontinental, has any earnings visibility and the steps companies are taking to maximise cash but to mislead about their cash position. I mentioned Primary Bid. Make sure you are registered HERE.

Subscribe to ShareProphets to access Premium Content
AML
AML
PREMIUM CONTENT

Greedy BBC Presenter Naga Munchetty, Aston Martin Lagonda and impoverished shareholders

Wherever I go on the internet I am plagued by banner adverts inviting me to sign up for a seminar with “award winning journalist and broadcaster” Naga Munchetty of the BBC. Naga earns a six figure salary from the state broadcaster funded by a poll tax on rich and poor alike extracted by threat of jail. But Naga is greedy and so lends the good name of the BBC to her commercial enterprises, this one sponsored by salesforce, as you can see in the banner below.

Subscribe to ShareProphets to access Premium Content

Is Malcolm Stacey Edith Piaf? Avacta £45m fund raise at 120p, including Primary Bid

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.

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Leading folks up the garden Pathfinder in this way is Wrong! Wrong! Wrong!

Firstly the links. For reasons discussed, if you are not registered with Primary Bid register for free now HERE. Secondly we are at 33% help us to save Woodlarks donate HERE. Heck even daughter Olaf has dipped into her vodka funds to donate. In the podcast I look at IWG (IWG), Pathfinder Minerals (PFP), Cineworld (CINE), Bidstack (BIDS), Fox Marble (FOX) and, sorry Jim, Condor Gold (CNR). I also look at the "wisdom" of appointing a Chief Diversity Officer. 

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Open Orphan £12m fund raise including Primary Bid – full steam ahead on the Covid bandwagon

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.

Subscribe to ShareProphets to access Premium Content
Tom

An open letter to 40 AIM CEOs – you just cannot screw private investors this time

With share prices on the up but earnings & transaction visibility almost nil every CEO should be considering a fund raise. It would be irresponsible not to do so. Yet most of them are prepared to do so in a way the needlessly screws private investors. This cannot go on. I have today written to the CEOs of 40 companies. The letter follows

INL
INL

Today’s Primary Bid Offer is more big league than usual – Inland Homes, I am almost tempted

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.

XSG
XSG

Want exposure to a Neil Woodford AIM dog? Today’s Primary Bid Offer closes at 3.30 PM but Cheryl Cole shows the way

With other folks cash, Neil Woodford was a big fan. The company has missed all its targets to date. Even now, having belatedly slashed costs, Xeros (XSG), the company founded to disrupt the world of washing machines, does not expect break even until Q2 2022. What could possibly go wrong? I reckon there is more chance of me shagging Cheryl Cole by Q2 2022 than of this company reaching breakeven by 2022 but we shall see. Anyhow if you are tempted, not by Cheryl – that is a given - but by Xeros here is your chance.

FUM
FUM

This weekend’s Primary Bid Offer is Futura Medical and it is worth a small punt

You know that if you register with Primary Bid via us and take up one of its offers we earn a few bob. Okay. Most of its offers are utter dogs and so I kick myself in the gonads and suggest avoiding like the plague. This weekend’s offer is, on the other hand, worth a small punt so sign up HERE and take part.

Kicking myself hard in the gonads: DO NOT take part in today’s Primary Bid offer for Premier African Minerals

Any time someone registered via this website takes part in a Primary Bid offering we earn a few quid and so for that reason I urge you ALL to sign up HERE as, now and again, Primary Bid has some good offers. Today’s offering to raise cash at 0.1p comes from Premier African Minerals (PREM) is not such an offer. In fact...

Top-10

Notes from Underground: Last week's most popular stories and a question about Hong Kong

This column is mostly about the most read articles and most listened-to Bearcasts of the week.  But I have a question for you unrelated to that today: do you think that the governments of the world—especially the UK—have abandoned Hong Kong?

Kicking myself hard in the gonads: DO NOT take part in today’s Primary Bid offer for Infrastrata

Any time someone registered via this website takes part in a Primary Bid offering we earn a few quid and so for that reason I urge you ALL to sign up HERE as, now and again, Primary Bid has some good offers. Today’s offering to raise up to £1 million at 0.3p from Infrastrata (INFA) is not such an offer.

Today's Primary Bid offer is Duke Royalty - it looks interesting!

ShareProphets earns a small commission any time a reader who registered with Primary Bid via ourselves subscribes for one of its offers. For that reason we urge you all to sign up HERE. Normally, we  spite ourselves and slate Primary Bid offers but today's offer, Duke Royalty (DUKE) is actually a business of substance with institutional support, profits, cash generated and which upped its most recent dividend by 33%.  It looks interesting.

ADM Energy investors left ‘sheikhen’ by the exit of its it largest shareholder

There was much excitement back in April when an Arab sheikh took a stake in ADM Energy (ADME), so it must have come as a big shock to investors last week when news broke that he had sold all of his shares and had resigned as the company president.

Today's Primary Bid Offering is ADM Energy - avoid like the plague

ShareProphets earns a small commission any time a reader who registered with Primary Bid via ourselves subscribes for one of its offers. For that reason we urge you all to sign up HERE. But today's offer, ADM Energy (ADME) is a total dog so. though it hurts us in the pocket book to say so, we urge you to pass. The emails sent out by ADVFN and others urging folks to pony up fail to mention one significant fact...

SAR
SAR

Today's Primary Bid offer is Sareum - No thanks it's a dog

ShareProphets earns a small commission any time a reader who registered with Primary Bid via ourselves subscribes for one of its offers. For that reason we urge you all to sign up HERE. But today's offer, Sareum, (SAR) is a total dog, as I have noted often enough on this website, so since we have integrity, we advise you to make us no money and avoid this hound like the plague.

MPH
MPH
PREMIUM CONTENT

Neil Woodford dog Mereo Biopharma completes “value-enhancing” merger...er....

Mereo Biopharma (MPH) is a typical Woodford dog: until a few days ago Neil had just shy of 42% of the equity in this cash-guzzling enterprise, which joined the AIM Casino back in June 2016 with a valuation of £142 million and a lofty share price of 325p, having raised £14.8 million, plus a convertible loan note worth another three million.

Subscribe to ShareProphets to access Premium Content
AST
AST
PREMIUM CONTENT

Ascent Resources - placing inevitable and imminent - surely it is time just to put this dog down?

My attention was drawn to Ascent Resources (AST) last nightby a number of rampy comments on the boards.  It’s one that I’ve shorted in the past and if you can get borrow then I suggest that you think of doing that when markets open after the long weekend.  The analysis is simple: Ascent is a dog, its business model is farcical, it’s run out of cash again, rather coincidentally (as is always the case on AIM) the share price has been ramped in the last week and a discounted bucket shop placing must be just round the corner

Subscribe to ShareProphets to access Premium Content
HNR
HNR

Latest Primary Bid offer : Highlands Natural Resources becomes a pot play...whatever

Pot is clearly the new blockchain. Whatever. I do not pretend to understand this insanity. I am just too old.  Anyhow the latest Primary Bid offer is from Highland Natural Resources (HNR) and if you want to play you can do so here.

SDI
SDI

Today's Primary Bid Offer - Scientific Digital Imaging

I know nothing whatsoever about Scientific Digital Imaging (SDI)  but apparently it designs and manufactures scientific products for use in applications including life sciences, healthcare, astronomy, consumer manufacturing and art conservation markets. But it is on the acquisition trail and so there is a Primary Bid offering.

AST
AST

Closing 5PM Sunday: This weekend's Primary Bid offer is Ascent Resources at 0.3p - you know I am almost tempted

Ok Ascent (AST) has been screwed by the Slovenia government but it may yet extract value there and it is now ,looking at other "identified" opportunities. backed by Henderson it will survive and I do not blame the management for what happened but the Slovenes so I sort of rate Colin Hutchinson and his team. After all, an Ulster man can do no wrong in my eyes. So this is just a sub penny share punt and I am almost temptedto take up the offer via Primary Bid as a small flutter. Here's why...

Beggar-Stockbroker

FinnCrap - the numbers, why the IPO valuation is a total rum ‘n’ coke – AVOID

If you wish to ignore my advice go ahead and pony up 28p a share (a £48 million market cap) in the IPO of smug Sam Smith’s FinnCap via Primary Bid HERE. But I would not. Here are the hard numbers which show what a joke this IPO is...

FDP
FDP

Tonight’s AIM awards Black-tie Dinner will nauseate more than ever but will a hat-trick of wins for First Derivatives expose this sham to one and all?

I cannot remember the last time a Northern Ireland player scored a hat-trick in an international. But tonight I am hopeful that Belfast’s finest, First Derivatives (FDP), will pick up three gongs at the annual AIM Awards crony capitalists bean-feast and do the six counties proud. Heading the charge is CEO Brian Conlon who is short-listed for “entrepreneur of the year” sponsored by Octopus Investments. The Judges will have ruled on that before we pointed out that his whole IPO was based on a fraud. It gets better…

VRS
VRS

Versarien – I told y’all

Versarien (VRS) is the reason why everyone should sign up with Primary Bid right now. Most Primary Bid offers are ones that I have no hesitation in telling you to avoid like the plague, being trapped in a lift with Emmanuel Macron or both. But just occasionally one comes along that is really worth punting on. I told you on Friday that Versarien was almost certainly in that category HERE. Today I am vindicated.

VRS
VRS

Today's Primary Bid offer is Versarien at 145p - you know I am almost tempted (in a shabby way)

At 175p Versarien (VRS) is valued at £263 million. I cannot argue with two writers on this site (Lucian and Cynical) that the valuation looks absurd based on historic profits and cashburn or even on some of the more optimistic forecasts. But it has now announced it is raising £2.9 million (or more) at 145p via Primary Bid and I am almost tempted to have a flutter. Here's why...

ZEN
ZEN

Today’s Primary Bid Offer deadline 9 PM or when book filled: Zenith Energy

I know nothing about Zenith ( ZEN) other than it is listed in Canada as well as on the main market here in London and it is an oil and gas company operating the largest onshore oilfield in Azerbaijan. So I make no recommendation.

MPH
MPH

Mereo - the worst Primary Bid offer ever flops disastrously - it says it was a success. Whatever.

On Saturday Cynical Bear asked if the Mereo Pharma (MPH) offer at 300p via Primary Bid was its worst ever? The answer, notwithstanding stiff competition from uber dogs such as Toople (ROOP) was clearly YES!. And the placing has flopped. Living in la la land Mereo says it was "successful". Like fuck it was. You lie Mereo!

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - the difference between private company and PLC account preparing - profit is a matter of opinion!

I start by noting I have received a begging email from Primary Bid re the Merio offer. Cynical Bear is right - avoid like the plague! Then as I finalise annual accounts for companies house for FIML and ShareProphets (loss in both cases) I explain the different motives of those preparing private company and listed company accounts and some tricks I could have used to show profits. But why would I have done that? Finally...98% of bearcast listeners  have NOT yet sponsored myself and Brokerman Dan for our 30 mile Woodlarks walk. If you enjoy bearcast I am sure you can spare a tenner so donate HERE  - to those who have donated I say thank you.

Subscribe to ShareProphets to access Premium Content
UKIS

UK Investor Show 2018 Video - Dave Mutton of Primary Bid

As you know I reckon EVERYONE should register with Primary Bid. It costs nothing and one day you will see it do a placing you are gagging to do and which will be snapped up before you know it by folks who are registered and get alerts. So SIGN UP NOW HERE!. Dave Mutton explains more at the UK Investor Show here.

Solo Oil Primary Bid offer at 3.5p deadline 9 PM tonight!

Solo Oil  (SOLO)  is a natural resources investment company with a diverse portfolio of onshore assets, principally in Europe and Africa. It is involved in the Horse Hill play about which we are somewhat sceptical and thus we make no recommendation as it has announced a £2 million offer at 3.5p via PrimaryBid. Half ther cash will go on buying another 5% of Horse Hill from another company in the closely related nest of companies once associated with Big Dave Lenigas, Primorious.

FRR
FRR

This week's Primary Bid offer is Frontera Resources - Woof Woof I'm out

Frontera Resources (FRR) is a dog with fleas but it is aggressively ramped and promoted. And it has just announced a £2.5 million fully underwritten open offer at 0.466p via Primary Bid.  This represents a discount of approximately 17.5% to the closing mid price today.

OBT
OBT

Obtala – potential acquisition and PrimaryBid offer - TAKE IT UP!

Obtala (OBT) has announced an offer of shares at 12.5p via PrimaryBid.com - which closes at 5PM on Sunday or when the book is filled. Hurry - TAKE THIS UP HERE  This follows an earlier Acquisition, Expansion Capital and Fundraising announcement…

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - Neil Woodford is this weekend staring into the abyss

Capita was last week's main disaster for Neil Woodford although there were others. He has tried to polish the turd HERE but has failed. His next disaster is Prothena which could slump Monday and as I explain in this podcast it is massive for Nomates. I then explain how the whole Woodford empire could well collapse. Make no mistake, this weekend, Britain's most conceited fund manager is staring into the abyss. I also comment on Obtala - take up the Primary Bid offer HERE - and on my wife's failings as a navigator as I march through muddy puddles.

Subscribe to ShareProphets to access Premium Content
OBT
OBT

UPDATED: This week's Primary Bid Offer is Obtala - take it up! BIG TIME

UPDATED: We own these shares and I am a fan of boss Miles Pelham to whom I have just spoken. With this cash and the placing announced earlier this week Obtala will report positive and meaningful EPS this year. Its shares trade at a massive discount to NAV. TAKE UP THIS OFFER. Obtala (OBT) has announced a Fundraise  via  Primary Bid at a subscription price of 12.5p per Ordinary Share.  This represents a discount of approximately 9% to the closing mid price on Thursday 01 February, 2018.

Tern – don’t be fooled by the headlines

Shares in AIM-listed Tern (TERN) seem to have stabilised after the bloodbath of last week, at 2.875p in the middle – having started last week at 4.5p and only in mid-August having completed a hugely discounted placing via Primary Bid at 6.6p. Ouch. This is all in response to the RNS last week announcing that it had signed up for death spiral funding. Yesterday, at 11am, Tern announced that was to issue 800,000 shares from the exercise of a warrant at 3p, and Alliance News picked up the story that Tern Issues New Shares Above Current Share Price To Settle Warrants. Don’t be fooled….

Tonight's PrimaryBid offering is Premier African Minerals, deadline 9pm

No advice is offered, but anyone wanting to take part in an underwritten fundraise into AIM-listed Premier African Minerals (PREM) with Primary Bid (which benefits us in a small way) can do so if they are quick: the deal closes at 9pm tonight.

GCM
GCM

This weekend's Primary Bid offer is GCM Resources at 34.4p

I know sweet FA about GCM Resources (GCM) so you are on your own on this one. It has just announced an Underwritten Fundraise, to raise up to £2 million at a subscription price of 34.4p per Ordinary Share - via Primary Bid. This represents a discount of 20% to the closing mid price on Friday, 17 November, 2017. You can sign up and take part, if you wish, HERE

Newsboy

Notes from Underground: the problem with programs

I stiill read the occassional comment and email that wonders why the economics of advertising on a website doesn't work - advertising pays for ITV and the Evening Standard, both of which are paying real salaries to real staff.

AST
AST

Ascent Placing - the deal that shows Primary Bid has come of age

If you are not a Primary Bid member you should join now HERE. Friday's deal by Ascent Resources (AST) shows why. The £1 million placing was announced at just after hours on Friday at 1.66p. Now look what happened...

AST
AST

This weekend's Primary Bid offer - its Ascent Resources (again): Deadline Sunday

I seem to remember that this is the second time Ascent (AST) has used Primary Bid for a fund raise. The first time worked out well enough.. Anyhow it is back at the trough again raising £1 million in a fully underwritten offer at 1.66p.

Could UK Oil & Gas head back to 1p? Waseem Shakoor muses

My good pal the bear raider Waseeem Shakoor posted a few thoughts on UK Oil & Gas (UKOG) this morning over at ADVFN. He, like Lucian Miers, is now well in profit but staying short at 4.6p. I explained in bearcast why he is right to do so. Here is Waseem...

FRR
FRR

Frontera – that Primary Bid placing

Well, well, what a surprise: AIM-listed Frontera Resources (FRR) has raised cash in a placing. Well OK, it is not a surprise at all. As I pointed out HERE the works programme of the company was going to cost a few quid which it simply did not have. As we shall see, the workover rig out at the Ud-2 well in Georgia has prepared the site for testing of gas bearing intervals but until last night there was no money to pay for the testing.

FRR
FRR

Frontera Resources £3m offer at 0.58p via Primary Bid , deadline 9pm today - AVOID

We earn money if you take up a Primary Bid offer and registered with it via us. Notwithstanding that, Frontera Resources (FRR) as A grade crap so do not take up this offer. 

Premier African Minerals £3.5m Underwritten Offer from Primary Bid - Deadline 5PM today

What I know about Premier African Minerals Limited (PREM) you could write on the back of a postage stamp. And still have whte space. But if you are a fan it is the latest Primary Bid offer. But hurry the deadline to get shares at 0.3p is 5PM Today Sunday HERE. We are told that: 

Tern announces two fundraisings – how do they compare?

After-hours yesterday AIM-listed Tern plc (TERN) announced two fundraisings – one via Primary Bid for its own coffers and the other a proposed offering via US broker US Capital Partners for its investee company Device Authority. Let’s compare the two.

HNR
HNR

Highland Natural Resources: Company Meet & This is why you should all be with PrimaryBid

Highland Natural Resources (HNR) did an offer with PrimaryBid less than a month ago at 12p. I suggested having a flutter and with the shares at 21.25p offer I feel 100% vindicated - I met up with Dr Robert Price earlier this week here in Bristol.

HNR
HNR

Today's Primary Bid Opportunity is Highland Natural Resources - deadline 9 PM TONIGHT, I'm tempted

No need to wait for the weekend. This PrimaryBid offering kicked off at 4.30 PM today and will close at 9.00 PM tonight or when £2 million is raised - the placing is in Highland Natural Resources (HNR). On the one hand we have been uber critical of Highland on the other this financing package with a massive private equity injection looks transformational. Worse still boss Robert Price has just called me and now I find it hard to be hostile to the man as he was quite charming. I am almost tempted to go for a small flutter as I shall explain below, but make no formal recommendation - here are the bare bones:

AAU
AAU

Ariana – Placing/Subscription/Director Participation, £2m at 1.3p- did I goof?

Well that solves that: a big placing and a very disappointing 1.3p price tag to boot. So what to do now? 

MIL
MIL

This weekend's Primary Bid offer is Myanmar Investments

This is becoming  routine. After hours on on Friday PrimaryBid announces a material placing opportunity for its members. This weekend it is Myanmar Investments (MIL) where directors are putting in at least $725,000 ( a good sign) as it seeks to raise $3 to $5 million at $1.18 - a 9.2% discount to its closing price on Friday.

Toople Placing Dam Squib, shares collapse, but bankruptcy postponed

As predicted over the weekend shares in Toople (TOOP) have collapsed this morning after Friday's after hours announcement of a £2 million fund raise at 2p. Suckers were invited to take part as the Friday closing mid was 3.25p. The spread now is 2p-2.5p so any flippers hoping to flip will be frustrated.

Toople - market intelligence

I suggested yesterday that Toople (TOOP) might not raise the minimum £1.15 million it needs as part of its £2 million Primary Bid placing. Knock me down with a feather.

Toople – Roll up, roll up, anyone fancy investing…..before it topples that is?

After hours on Friday, Toople (TOOP) announced an offer of a lifetime, namely to subscribe in a placing to raise up to £1.9 million at 2p having spent the £2 million it raised a year ago (at 8p). This shouldn’t come a big surprise as the business announced in March that funding would be needed; however, I still think it is worth reiterating a couple of points.

Primary

LGO Energy, Versarien, Ascent Resources - who is next? Be Prepared...

In days gone by when smaller companies on AIM wanted ro raise cash they went to City brokers and offered them shares at a huge discount with private investors locked out. It was wrong and it was unfair. But all that has changed with Primary Bid.

LGO
LGO

Today's Primary Bid Opportunity is the one and only LGO Energy! No Comment!

This is becoming  routine. After hours on on Friday PrimaryBid announces a material placing opportunity for its members. This weekend it is LGO Energy (LGO) which has raised £2.2 million in a placing at 2.2p but is now offering a chance for ordinary investors to put up another £300,000 at the same price.

VRS
VRS

Versarien - another Primary Bid after hours Friday opportunity - sign up now, Sunday 5 PM deadline

This is becoming a regular Friday feature - an after hours offer from Primary Bid for increasingly credible placings. The last one was Ascent at 1.85p - its shares, 3 weeks later, are 2.375p which is great news for our readers who took part. Next up is Versarien (VRS) which is raising £1 million at 15p.

Bearcast

Tom Winnifrith Bearcast: I stand corrected, the CEO was not in the bath & killers gorge, political correctness gone mad

After the Slater & Gordon (SGH) bearcast earlier you may have thought that I was sleeping off half a bottle of ouzo. Au contraire, I have been touring the Mani with George the Architect, the man who helped me to expose InternetQ last year. We went past Killers Gorge. Why can't you kill unsuitable boyfriends of your daughter or sister any more? As my daughter prepares to turn 16 this year I sadly conclude that this is yet another example of political correctness gone mad.  In terms of stocks I offer a couple of corrections on Tracsis (TRCS) after yesterday's bearcast then look at Xtract Resources (XTR), Ascent Resources (AST), FastForward (FFWD), the over ramped hype company with which my good friend Jim Mellon is involved, Cobham (COB), Infrastructure India (IIP) and also the fraud Cloudtag (CTAG). And I refer to a drooling Evil Knievil ref THIS ARTICLE.

AST
AST

Ascent Resources £3m fund raise shows PrimaryBid has come of age - why aren't you signed up?

You know that I am a massive supporter of Primary Bid as it gives ordinary punters the chance to take part on placings hitherto reserved either for fund managers or for bucket shops. The platform has now really come of age with news of a £3 million fund raise for Ascent Resources (AST), a stock I quite like. If you are not signed up you are MAD so do so here.

MOS
MOS

Mobile Streams placing at 50% discount - sign up with PrimaryBid now

The Primary Bid bandwagon is gathering speed and anyone interested in AIM should register now HERE. Today's vindication of Dave Mutton and his team is from Mobile Streams (MOS) which is doing a placing and open offer at 4p - the shares w4ere 8p last night. In days gone by this would have been for bucket shops only but now you can take part too, thanks to Primary Bid.

SOU
SOU

Game Changer for AIM: Sound Energy - £24.1 million fund raise - you can take part via Primary Bid

I will not be. As far as I can see the current market cap of £450 million is borderline insane and certainly not justified by the fundamentals. So I don't blame Sound Energy (SOU)  at all for raising cash at this level. If folks want to pay up, the company would be crackers not to let them. But some will disagree.

Bull

Video: Dave Mutton of Primary Bid at UK Investor Show

I'm a big supporter of Primary Bid and as such fully back Dave Mutton, the CEO who was among those presenting at UK Investor Show. Enjoy the video!

KEA
KEA

Kea to raise £3 million via Primary Bid – the Revolution against crony City capitalists starts NOW

In olden days Kea Petroleum (KEA) would have raised money at big discounts through bucket shops who would have taken a big commission as would have greedy brokers. But the revolution has started as it becomes the first company to use Primary Bid so cutting out the crony capitalists, saving it money and not stiffing PIs with a pump and dump operation. Well done Kea.

Darth-Vader

Tom Winnifrith Bearcast - No Valentine's day Love for the bad folks

This podcast mentions stocks enpasant though natch there is a swipe or two at Fitbug and Quenron. A bit of bad language fear but I try to be calm as I cover two very important matters.

Listen to the Bearcast:
Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Complete Coverage

Recent Comments

|