Keyword results: WH Ireland

CRU
CRU
PREMIUM CONTENT

Coral Products – Haydock property sale completes and adds to cash backing, Buy

Coral Products (CRU) has announced the completion of sale of its freehold premises in Haydock and that net proceeds of £3.5 million have been received. This has helped the shares up to 15.5p, but still the proceeds are quite material to a £12.5 million market capitalisation.

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Billington – profit warning & how confident can it be for 2022 really?...

UK structural steel and construction safety company Billington Holdings (BILN) has made a “trading update” noting current “delays in the construction industry” but “an increased degree of confidence for 2022 and beyond”. So what’s the full story?…

CRU
CRU
PREMIUM CONTENT

SHARE TIP: Buy Coral Products

Shares in injection moulded plastic products company Coral Products (CRU) are still around the price they were at before an AGM trading statement despite the statement including that it “has enjoyed a very strong first half to our current financial period. The group will report sales and profits before tax substantially ahead of the same period for last year”. This suggests a buying opportunity.

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Top-10

Notes from Underground – Most read articles for the week ending 30 October 2021

The top non-Tom article this week is Ariana – Oh No: Not More Good News! by Nigel Somerville, the Deputy Sheriff of AIM at number 11 or number 18 if you include the Bearcasts.

PREMIUM CONTENT

BREAKING: Explosive Winnileaks email on Vast Resources - WH Ireland refuses to act for the firm and slates Prelea, Fatty Cornish doesn't care

In March this year WH Ireland was approached to become joint broker to Vast Resources (VAST). It conducted due diligence and that threw up so many red flags about the business but also about boss Andrew Prelea that WH Ireland said that  it could not act.  The email exchange detailing this has found its way via Winnileaks to myself and is published below. It is damning and all credit to WH Ireland for putting principle before profit. But Nomad Roland Fatty Cornish has been made aware of the same issues and appears to think that a) it is just after two so time for the third course of a six course luncheon and b) that he should just carry on taking the cash come what may.  Lunches don’t pay for themselves after all. Enablers like Fatty are why AIM is a sewer. I am aware of a number of matters which WH Ireland discovered and anyone owning shares in Vast is truly certifiable.

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TST
TST
PREMIUM CONTENT

Touchstar – interims and expects full-year ahead of expectations: BUY

Mobile data computing and managed services company Touchstar (TST) has announced results for the first half of calendar 2021 and that it “has traded well in recent months, as a result we now expect full profits to be ahead of our previous expectations”. Sounds good.

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Orcadian Energy at 32p worth 115p

Since WH Ireland listed this company on AIM a month or so ago it is biased. And since I own a few shares and the CEO Steve Brown is a good chap from God’s chosen lands of Ulster, I too am biased. But if you want to read the note and WH Ireland’s logic it is below.

PREMIUM CONTENT

Verditek Interims – Timber! Ponzi Bond at risk

It is only two weeks since Crowd For Angels, the world’s worst crowdfunding firm, closed its failed attempt to raise £500,000 for the serial liars at Verditek (VDTK) and now we get interims which tell you that, by Christmas, those fools lured by Richard “Gollum” Gill’s grotesquely misleading financial promotions into backing the bond will be at risk. These numbers are a disaster for the company led by Tory toff Lord Willetts. Insolvency beckons.

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How do you KNOW when a company is facing a cash crunch? A case study - Verditek

I preface this by saying that Verditek (VDTK) is a company that can lie about winning take or pay contracts just to get a placing away. In the end, the “customer” – and I use the word loosely – neither takes or pays. So anything it says in an RNS, even its cash balance, is not something that I would necessarily believe. But to make life simple, I give it the benefit of the doubt and assume its stated cash balances are, more or less, correct.

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PHE
PHE
PREMIUM CONTENT

Gotcha: Sleazy ex Tory Minister Tim Yeo “resigned” from Powerhouse but the statement is a lie

Maybe, under mounting pressure from myself and others, the regulators have finally forced the hand of Powerhouse Energy (PHE) because at 3.11 PM yesterday it was announced that its chairman, sleazy ex Tory MP Tim Yeo, had “been resigned”. The statement issued was, needless to say, a lie.

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TST
TST
PREMIUM CONTENT

Touchstar again a Buy?

Touchstar (TST) is a stock we were previously confident on early last year but exited on covid-response related challenges at a 21% loss. The shares went on to fall below 40p and though they have already recovered to a current 85p offer price, a recent AGM statement provides further confidence…

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TST
TST
PREMIUM CONTENT

Touchstar – AGM Statement share price rise justified?

Previously writing on industrial mobile data computing and managed services company Touchstar (TST), with the shares at 74p in April I concluded that with, although “to date we have successfully managed this issue… signs of component shortages and strain are evident within our supply chains”, for now only on the watchlist. The shares last closed at 72.5p but are currently rising above 80p on the back of an AGM Statement”, so what’s the news?…

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VRS
VRS

Is seven Nomads in less than eight years a record breaker? Why does Versarien have so many bust ups?

Most AIM sewer companies have, perhaps, 2 Nomads every five years. Sometimes your company grows so you upgrade to a bigger firm. Or the reverse can happen. Or maybe a Nomad goes bust. Or perhaps you just have a personality clash. But to have multiple Nomads suggests something worse is afoot, that the Nomads might actually be baulking at what is going on. In that vein, consider the record of Versarien (VRS).

PEN
PEN

Pennant International – 2020 results, “much-improved” second half?

Previously writing on provider of technology-based training and support to the defence and regulated civilian sectors, Pennant International (PEN), last year with the shares down to 36p I noted its cash flow is clearly currently unsustainable and it is profitable orders conversion which is key. The company has now announced calendar year 2020 results including emphasising “a much-improved performance in the second half of the year” and “year-end order book stood at £31 million… of which £14 million of revenue… is scheduled for recognition within one year”. Why are the shares, at 38p, approaching 14% lower in response?…

TST
TST

Touchstar – “pleased to announce” results… so why a near 13% share price fall?...

Mobile data computing solutions and managed services company Touchstar (TST“is pleased to announce its final results for the year ended 31 December 2020” and includes that it “has made a better-than-expected start to 2021”. So why are the shares, at 74p, currently nearly 13% lower in response?…

PREMIUM CONTENT

The Butler warns: Verditek – countdown to bailout placing or insolvency, tick tock tick tock

As his loyal butler presents a plate of a fresh kipper, rushed by the overnight train from Arbroath, in front of Tory Toff David Willetts this morning, his Lordship must be pondering seriously whether Verditek (VDTK), the company he chairs, is, itself, at serious risk of becoming a dead herring. The company has survived since its 2017 IPO by generating not a cent of revenue but by announcing numerous contracts to ramp the shares ahead of bailout placings only to admit later that the contracts have come to nowt. But what now?

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TSP
TSP
PREMIUM CONTENT

Truspine – More Aquis-listed Nonsense: who would pay 10p for shares worth now just 7.3p?

After yesterday’s shambles, when Aquis-listed Truspine (TSP) finally reached the inevitable conclusion that £250,000 due for shares at the IPO last year in August at 36p a pop was not going to come in. Not surprising, as the shares have since cratered by 75%. The shares dropped on the news by another 13% to just 7.3p. Truspine has been somewhat tardy with regard to updating the market on progress….or lack of it……but has been rattling the tin at 10p per share. One would have thought that under the circumstances the computer would just say “no”, but…..

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Letter to AIM Regulation – Verditek: there must be a formal enquiry into the pre-placing deceit

Yesterday, Verditek (VDTK) finally ‘fessed that its 2020 revenues would be almost nothing. That is despite it announcing on June 30 that its Italian operation was now “in production and is generating revenue” and the announcement of no less than EIGHT separate orders from 30 June onwards. All of those “orders” were announced before a bailout placing on October 6. And it is not as if this company, chaired by Tory Toff Lord Willetts, has not got extensive form in announcing big orders before placings which then turn out to be bogus. The Oxymorons at AIM Regulation could have stopped this if they had heeded my calls in a letter to them about a full enquiry into past pre-placing deceits going back right to the IPO but they did nothing. There now needs to be a full enquiry into the company and into Nomad WH Ireland with public censures resulting. My letter is below:

EUA
EUA
PREMIUM CONTENT

Bombshell: Has Eurasia Mining been sitting on price sensitive information re shock resignation and is it leaking to “secret” chatroom members

You would have thought that after the last scandal we exposed, where Zak Mir acted as a good German and posted on the private Telegram chatroom false ramps on the orders of a Eurasia Mining (EUA) director, the company would be a bit more careful about how it discloses information. Think again. Today the shares crashed by 40% as it was announced that M&A director Alexei Chukov dumped 27.4 million shares at 29p. On the “private and secret” Telegram chatroom punters panicked as we showed you HERE.

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PHE
PHE
PREMIUM CONTENT

Powerhouse Energy – massively discounted placing: more red flags than a May Day parade in Moscow

How do you know when sleazy former Tory MP Tim Yeo is lying? Simple: his lips move. Let me give you an example as, the firm he chairs, Powerhouse Energy (PHE) today raised £10 million at 5.5p, a 35% discount, thanks to bucket shop broker Turner Pope. Whilst it is coke and hookers all round as Turner Pope considers its £500,000 commission, I want you to consider this statement from 9 September 2020:

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PREMIUM CONTENT

Verditek: Oops They did it again! Another pre-placing announced contract up in smoke

In my detailed coverage of the POS AIM Company Verditek (VDTK) I have shown how in every year since its IPO it has announced contracts, ramped the shares and then having raised funds in a bailout placing or two, the contracts disappear. Sometimes it ‘fesses up, sometimes there is no ‘fess, other times I have to run articles and sheeplishly, Tory Toff Lord Willetts and his chums are forced into an RNS. Well here we go again.

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - passing a 100% meaningless 25m landmark

I discuss a metric which for a private company, like ShareProphets, is meaningless. We do not seek to impress investors just to pay bills! I have a few words on life at the Welsh Hovel. Yes, Jayarani is eating into my sleep. Then it is onto Telit (TCM) and finally a discussion with Pierotlunaire on research notes and blackout period prompted by the WH Ireland & Pantheon (PANR) episode.

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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.

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PHE
PHE
PREMIUM CONTENT

BREAKING: Powerhouse Energy Polish deal – this is a spoof by sleazy Tory Tim Yeo, its partner has just £100 to its name

Powerhouse Energy (PHE), the AIM listed green energy ramp run by loathsome ex Tory Minister Tim Yeo of sleaze infamy, has today announced a deal to license its technology in Poland and its shares are racing ahead. But this announcement is a spoof. Do advisers WH Ireland, Turner Pope and Ikon Associates have no shame at all?

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PREMIUM CONTENT

BREAKING: Verditek – now tell us the truth about Optimeyes, time to come clean Tory Toff Lord Willetts

Spotting misleading and deceptive RNS statements made by technically insolvent AIM listed ramp Verditek (VDTK) is like shooting fish in a barrel. The skill is in finding one that is demonstrably true! Given that the company needs a placing pronto to avoid bankruptcy, AIM Regulation and the FCA should be investigating all its statements made via RNS to establish if ANY are true, given how many pre-placing lies I have unearthed. So here is yet another one… Optimeyes

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PREMIUM CONTENT

Verditek – now at the slow death or quick death point...

I am told that you can get borrow in Verditek (VDTK) and that the stock is now shortable. For the avoidance of doubt I am not short, I never am since it would allow folks who own shares in frauds, engage in frauds or promote or enable them to accuse me as having a vested interest and thus compromise my status as an investigative journalist. But if you are into shorting here’s why this company is now at the slow death or quick death point…

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PREMIUM CONTENT

UK Oil & Gas – here’s the pointless pump, now when’s the dump?

Notwithstanding a £4.2 million placing at 0.2p back in June, UK Oil & Gas (UKOG) is now running on vapours. The question is not if it will do another bailout placing but when? And “news”, I use the term in the loosest possible sense, today suggests that Lyin’ Steve Sanderson et al are preparing to pass the hat around, yet again, very soon. There are already 10.97 billion shares in issue but brace yourself for another tsunami of worthless confetti to be arriving shortly.

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PREMIUM CONTENT

Letter to FCA & AIM Regulation: Verditek just how many lies told?

Enough is enough. Two weeks ago, an article HERE forced Verditek (VDTK) to admit on August 12 2020 that the two big contract wins announced in 2019 had not gone through but it had raised money without telling investors of these massive setbacks. On Friday, I showed that it had actively misled investors ahead of placings in September 2019 and March 2020. Enough is enough. How many more lies have been told? I have written to the FCA & AIM Regulation asking for the shares to be suspended pending a full investigation into the company, its directors, and Nomad WH Ireland which, at best, has been asleep at the wheel.

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PREMIUM CONTENT

Letter to FCA & AIM Regulation: Suspend Verditek PLC NOW before more securities fraud committed

Maybe having a Tory grandee, Lord Willetts, as your chairman means that you are allowed to commit securities fraud with impunity on the AIM Casino? As I exposed yesterday HERE, that is most certainly what Verditek (VDTK) has been up to. Given that it is currently technically insolvent and its shares are being ramped on an industrial scale by disgraced tipster Mike Walters of 3DM, Polly Peck, Minmet, etc etc infamy and others, another placing must be imminent. I have today written to the Chocolate Teapots at the FCA and the Oxymorons at AIM Regulation asking it to try to, for once, stop fraud.

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PREMIUM CONTENT

UK Oil & Gas refocusses on its core business of issuing more shares

After a brief period of allowing folks to pretend that its main business was in fighting Covid and saving the NHS by producing oil that nobody wants, UK Oil & Gas (UKOG) has got back to what has always been its core business, that is to say issuing yet more shares. After raising £4. 2million at just 0.2p today there are now a stonking 10.84 billion worthless pieces of confetti in issue.

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EUA
EUA
PREMIUM CONTENT

Morally bankrupt Nomad SP Angel signs up with Eurasia but shares still suspended: why?

I have noted many times before that SP Angel is so utterly desperate for clients to fund the coke and hookers bills that it will act for any corporate even a brazen fraud like MySquar (MYSQ). It is morally bankrupt and, without doubt, London's worst Nomad. As such with WH Ireland having quit as Nomad to Eurasia Mining (EUA) over the lying and other matters there was only one Nomad to go to, only one that would act for a company like this.

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PREMIUM CONTENT

UK Oil & Gas – More shares (probably) and more questions for Lying Steve Sanderson

It was less than 4 weeks since I expressed the view UK Oil and Gas (UKOG) would be back with the begging bowl. I would have to say it did not require any rocket science to reach that conclusion, after all the track record this company has for issuing shares goes before it. So the idea of a placing announced today comes as no surprise, but the fact it’s not firm is rather shocking to me.  As always with this company, the lack of RNS clarity makes for interesting review.

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EUA
EUA
PREMIUM CONTENT

The reasons why WH Ireland resigned as Nomad to Eurasia Mining

Just before the long Easter weekend, Eurasia Mining (EUA), shares in which have now been suspended for more than two months, issued a partial ‘fess up. As I flagged up almost two months ago, Nomad WH Ireland has indeed resigned but why?

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: chatting with Nigel Wray and tweeting back to the Banning Buffoon

The Dark Destroyer, aka Matt Earl, has branded Andrew Monk, the Banning Buffoon for his call to ban shorting in a fiery twitter exchange. I discuss why Matt is right on all counts. I chatted to Nigel Wray, Britain's Buffett, at length today about the markets, individual shares, the coronavirus, the shape of the recession, consumer attitudes and most interestingly about commercial property, which he knows a bit about. I also discuss Sosandar (SOS), Finncrap (FCAP), Arden (ARDN), WH Ireland (WHI) and other Nomad/brokers and when the FCA will have to step in to check their solvency. Finally a few words on the Government's daft £330 billion loan scheme.

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Microsaic Systems – I wonder why it’s “pleased to announce” a new broker appointment “with immediate effect”...

Microsaic Systems (MSYS) “is pleased to announce the appointment of WH Ireland Limited as Joint Broker with immediate effect, alongside N+1Singer as Nominated Adviser and Joint Broker”. Hmmm – I wonder why?...

GDP
GDP
PREMIUM CONTENT

Goldplat – interims emphasise return to profit & reasons for further encouragement

Goldplat (GDP) has announced results for its half year ended 31st December 2019 and that “the progress made on key initiatives to increase long term visibility of earnings in the recovery businesses, specifically improved recovery on lower grade contaminated material and strengthened relationships within mining industry, are encouraging”

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EUA
EUA
PREMIUM CONTENT

After nine days Eurasia must make a statement and put the rumours to bed

Nine days ago shares in Eurasia Mining (EUA), having rocketed to 7.3p were suspended following “social media” comments which we revealed to be a suggestion that after months of promising to sign an engagement letter with Chinese bank CITIC, that it had signed and was well on the way to making massive disposals. Since then amid a lack of news there has been nothing and he rumour mill is in overdrive. A statement on some of the rumours is needed now as some investors fear they may lose everything while others consider how many Porsches they will be buyng. So what are the rumours?

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GDP
GDP
PREMIUM CONTENT

Goldplat – share buying interest follows very strong quarterly update

Quarterly Update” has sparked shares in gold recovery and projects company Goldplat (GDP) – and they currently retain upwards momentum…

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EUA
EUA
PREMIUM CONTENT

Breaking: Versarien not the only AIM Company ramping via private chatrooms - shocking material from Eurasia Mining

All the signs are that AIM Regulation and hapless Nomad Canaccord is clamping down on the private Versarien (VRS)  chatroom inhabited by Neill Ricketts and his Versarien cronies after shocking revelations like this HERE. However Winnileaks now has material from a similar chatroom on the private Telegram platform where Eurasia Mining (EUA) boss Dmitry Suschov and his proxies are "at play".

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600 Group – from “positive outlook” to “significantly below… expectations”… in just over two weeks!

Just over two weeks ago, half-year results highlights from “diversified industrial engineering company” The 600 Group (SIXH) included “Positive outlook… Interim dividend of 0.25p per share reflecting the board's confidence”. Now, so soon after, there a “Trading Update”?…

WHI
WHI
PREMIUM CONTENT

WH Ireland – Excuses are like Arseholes…but repitition of them is boring

On March 5 this year struggling, cash guzzling, pensioner mugging & free speech denying, Nomad and Broker WH Ireland raised £4.9 million at 45p saying that “Following a broad review of the Group's likely future regulatory capital requirements and in particular, the Group's regulatory capital buffers, the Directors believe the Placing will ensure that the Group has sufficient resources in place to satisfy the FCA's present capital adequacy requirements.” Wind forward just 8 months and 1 day and….

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C21
C21

21st Century Technology – “immediate effect” appointment of new nomad & broker significant?

Previously writing on 21st Century Technology (C21), in May I concluded precious little margin of safety… I remain wary of any share price strength currently here and continue to avoid. This month an announcement of “Notification of Contract Award Recommendation” has now been followed by “Change of Adviser”

GTC
GTC
PREMIUM CONTENT

Getech – shares up on interims, but more to come on full-year delivery!

Geoscience and geospatial provider Getech (GTC) has announced results for the first half of 2019 and noted “49% order book growth (£3.0 million at 30 June 2019) and a 57% expansion in annualised recurring revenue (£2.3 million at 30 June 2019)”

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WGB
WGB

Walker Greenbank – emphasises H1 “licensing income performed strongly”, BUT…

Interior furnishings company Walker Greenbank (WGB) has updated including even “excluding accelerated income under IFRS 15 and income from apparel contracts, core licensing income was up approximately 12.2 per cent”. The shares are though currently slightly lower, at around 86p…

LPA
LPA

LPA Group – profit warning & contract wins; all becoming known to the company at the same time?!

Previously writing on LED lighting and electro-mechanical systems group LPA (LPA), in March I concluded, with the shares at 114.5p, ahead of detail of just how much the first half has been ‘affected’, I’d suggest at best on the watchlist. I currently continue to avoid. Now an intra-day (3:43pm) update (uh oh), but it a “Trading Update & Contract Wins”. Hmmm…

GTC
GTC

Getech – 2018 results, positive operational gearing to really kick in?

Provider of geoscience and geospatial products and services to companies and governments, Getech (GTC) has announced 2018 calendar year results and that “we have entered 2019 with a busy schedule of sales campaigns and we consider Getech to be well positioned to deliver diversified organic growth”

PEN
PEN

Pennant International – “potential delay” of a major contract & director spoofing

Towards the end of January Pennant International (PEN) was “pleased to announce” a £1.8 million placing at 110p per share, with the announcement including “negotiations are progressing for the award of the potential contract for which Pennant was 'down-selected' in August last year (as announced on 9 August 2018). The group still expects the award to be confirmed in the first half of 2019”. Today a “Major Programme Update”

LPA
LPA

LPA Group – “work load for the second half and the medium term potentially very pleasing”, but…

LED lighting and electro-mechanical systems group LPA (LPA) is a former tip, though one which was sold on the N50 website at 107p last summer as it noted “successive changes in Government procurement policy have impacted domestic supply chains for both new and refurbished trains and there is increased competition in our Asian markets”. The shares would later fall below 100p and closed yesterday at 103.5p before today an “AGM Trading Update”

Woodford dog Netscientific clarifies on PDS, but is it telling the whole truth? Er....

Neil Woodford dog, AIM-listed Netscientific (NSCI) seems to have been forced to put out a statement over its investee PDS which merged with Nasdaq-listed Edge Therapeutics (EDGE) and the combined entity is now listed as PDS Biotechnology (PDSB). 

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - Mirriad needs to fess up, Debenhams does not discount what lies ahead

I cover WH Ireland (WHI) and the crisis engulfing the small cap world in a serperate bearcast HERE but touch on its downfall in the main bearcast. I look at Mirriad (MIRI) which needs to fess up as to how much cash has not yet been spunked, Rose Petroleum (ROSE) and insolvent Cabot (CAB) and the panic sells created by the demise of City Financial Investments, the bid for Independent Oil & Gas (IOG) and at Debenhams (DEB) where the worst is yet to come. If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE. 

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bonus Bearcast: WH Ireland is a shit-show (as predicted) but this is an industry in crisis

In this bonus bearcast I comment on today's lack of profits warning from WH Ireland (WHI) and the bailout placing now underway which I had predicted. I look at WH Ireland and its woes but it is symptomatic of an industry in crisis. FinnCrap (FCAP) must warn sooner or later and most of the rest of the Nomad/brokers already have. What is needed is massive wage cuts across the board. Thankfully for supliers of coke and hookers, that will not happen which means a structural and cyclical crisis will claim more casualties soon. If you enjoyed this slating of the City's broken business model why not support the Rogue Bloggers for Woodlarks HERE.

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DSG
DSG

Dillistone – “current year has begun well” & an update it states it’s “pleased to provide”… so why the share price dive?

Shares in Dillistone Group (DSG) are currently down noticeably today – towards 40p. Earlier in the week they were rising towards 60p – but then yesterday an intra-day (3:30pm) “Trading Statement, Update & Notice of Results”

MIN
MIN

Minoan – Director share purchases: should we take comfort? Well, yes.

AIM-listed Minoan (MIN) this morning announced that three directors have put their hands in their pockets and bought shares costing a total of £100,000. That is a significant enough sum and normally would encourage me to buy more, but the trade dates reported are 3 December 2018! Why has it taken so long to report - surely this is a breach of AIM rules! Er, not so fast…..….

WGB
WGB

Walker Greenbank – “Full Year Trading Update” = attempted stealth profit warning

“Walker Greenbank PLC (AIM: WGB), the luxury interior furnishings group, announces a trading update for the year ended 31 January 2019. The results for the period are expected to be in line with management's expectations”. So why are the shares currently approaching 10% lower, below 80p?...

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - this is the next mega financial scandal & the FCA has been asleep at the wheel

In today's bearcast I look at the woes of Lucian Miers, at Yourgene (YGEN), Interserve (IRV), Greatland Gold (GGP) - do the maths its placing ahoy! - WH Ireland (WHI) and FinnCrap (FCAP). Then I explain what will be the major financial scandal of 2019 hitting well over a hundred thousand folks where the FCA is only belatedly waking up to the problem, a problem it helped to create.

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Gama Aviation – after warning to expect profit “$3m below” in October… it’s at it again!

Towards the end of October, previously updating on Gama Aviation (GMAA) it was from “expectations for the full year remain unchanged” to expects “$3m below” in just 5 weeks! – and the shares approaching 18% lower, at 125p. I warned still to avoid – and today a “2018 Full Year Update and 2019 Outlook”

FRR
FRR

Frontera – Nomad quits, shares suspended, it is game over morons & ouzo time for me

I have spent all weekend being abused on twitter by morons who own shares in Frontera Resources (FRR) - notably @keithcareth, check his feed he is insane -  who insisted that I did not know what I was talking about, that the FCA was after me, etc etc etc. I await an apology as today – as was inevitable after our weekend revelations HERE and HERE – the Nomad, Cairn, has quit. The shares are suspended and here is why it is game over.

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Could Watchstone, the bastard son of Quindell, be a buy?

In today's podcast I look at Tomco (TOM), Watchstone (WTG), the bastard son of Quenron, Condor Gold (CNR), dire numbers from WH Ireland (WHI) and the read across to the FinnCrap IPO, Amedeo Resources (AMED), the Sith Lord Zak Mir and Optibiotix (OPTI) and at Haydale (HAYD)

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JDG
JDG

Judges Scientific – “to exceed current market expectations as increased in September”. Sounds promising…

Buy and build of scientific instrument businesses-focused Judges Scientific (JDG) has updated including “the board expects earnings per share for the full year ending 31 December 2018 to exceed current market expectations as increased in September”. Sounds promising…

PREMIUM CONTENT

Imaginatik – H1 results show what a dog’s breakfast it was, but fundraising to complete still leaves it technically insolvent. Shocking.

AIM-listed former Rob Terry favourite Imaginatek (IMTK) published its half year results to the end of September this morning – what a dog’s breakfast! Of course, the majority of the period was under the old management so as much as I would like to point the finger at new CEO Angus Forrest, that would be grossly unfair. Indeed, judging by the balance sheet he’s done very well to have kept the grim reaper at bay – and he nearly pulled off a dream proposal to bring the very saintly Vin Murria in….but that fell apart. The shares as I write are up just 10% at 1.375p in the middle, having peaked earlier in the day at 2.25p in an initial burst of enthusiasm. It looks to me like the market has taken fright at the balance sheet.

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Crawshaw – “Change of Adviser” announcement, so who’s the change to? Er…

“Change of Adviser” announcement from the self-styled “UK's leading value butcher” Crawshaw (CRAW) includes “Peel Hunt LLP has served notice, which has been mutually agreed by Crawshaw, to terminate its engagement with the group as its current nominated adviser and broker”. Who’s the ‘change’ to then?...

GDP
GDP

Goldplat – full-year results, underlying progress to translate this year?

Gold recovery and mining company Goldplat (GDP) has announced results for its year ended 30th June 2018, noting that this “was a year during which a lot was achieved which did not translate into increased production or profitability, but Goldplat is confident that this will materialise during FY 2019”

HaloSource – “significantly below” trading warning & more bailout funds needed; step forward you know who…

Writing last month on HaloSource (HALO), I suggested to be wary of ‘pleasing’ news here as a next bailout fundraising looked necessary in the near-term. Yesterday, at an attempted no-one watching o’clock (6:09pm), an announcement; “Fundraise and Change of Adviser”

PREMIUM CONTENT

Tern – so was former Nomad WH Ireland pushed, or did it jump?

I noted last Thursday that in the wake of updated Directors’ information (Messers Leith and Ritchie having missed out ten insolvencies) and the clarification over forecasts for Device Authority that one wonders what will come out next from AIM-listed Tern plc (TERN). Well, on Monday it announced it had appointed Allenby as Nomad. What I wonder is whether WH Ireland jumped or was pushed?

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PFP
PFP

Pathfinder Minerals: Drain the Swamp Time - Fire Nick Trew now!

We have news today that Pathfinder Minerals (PFP) has a new Nomad and broker in Strand Hanson and two new directors in Simon Farrell and Scott Richardson Brown. The former becomes non exec chairman replacing disgraced Nick not for the many but for the Trew but, Trew remains on the board. This is not good enough. It is time to drain the swamp. And it can be done at once. Here's why.

PREMIUM CONTENT

Tern – “Updated Director Information” = WE LIED

Another day and another shocking disclosure from AIM-listed Tern plc (TERN). Yesterday, at 3.10pm, after releasing details of two director buys which were trivial and showed Tuesday’s news of Device Authority’s elevation to “2018 Emerging Star” to be just a ramp (or insider trading by the chairman, take your pick!) we were told that disclosures in relation to two directors of the company had not been entirely truthful: the published directorships of the two had omitted not just the odd one which might have slipped the mind. No, it was TEN!! More to the point, it was ten insolvencies which should have been declared when they were appointed – and a further two which should have been disclosed after appointment.

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ShareProphets Reader Poll - your predictions for Tern shares by Friday

In the wake of AIM-listed Tern (TERN)'s debacle of its "clarification" on Friday, the shares collapsed by a whopping 39%. The BBMs seem to think this is all a bit of a misunderstanding and a further clarification will come leading to a mega-bounce. Good luck to them with that! But what do ShareProphets readers think?

PREMIUM CONTENT

After the ouzo, what now for Tern? And what about InVMA?

It seems as though AIM-listed Tern has been found out – and not for the first time. Having had my traditional ouzo, the question is what happens next. And while we are at it, what about its investments into InVMA?

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: My biggest investment mistakes (and there have been a few) and the BMR Mega scandal for WH Ireland and AIM

I start this podcast by reflecting on my biggest investment mistakes of which selling some Optibiotix (OPTI) three years ago must be in the top ten. Stagging Argo Blockchain (ARB) hjas so far been a small mistake but I reflect on that too. Then I reflect on the bombshell by Nigel Somerville on BMR Group (BMR) which shows AIM Regulation not fit for purpose and opens up a mega scandal for WH Ireland (WHI). What happens next i ask, referring to good news on the claims against Cantor Fitzgerald re African Potash (AFPO)

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BMR
BMR
PREMIUM CONTENT

BMR Group – Booted off AIM yesterday morning, but what is the real scandal?

I wrote a few pieces on (now formerly) AIM-listed BMR Holdings (BMR) back in February when its Zambian Mining rights were stripped away – the previous threat of which it seemed to know of the previous September (when it did a placing) but did not share with the market. That was eventually resolved and the rights restored, but this morning BMR was given the boot from the Casino. Perhaps we should not be too surprised, but I wondered what was going on here. What I have been told suggests an absolute scandal – but not at the hands of BMR…..

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: ahead of his next helping of Reynolds humble pie,. Cynical Bear sticks his todger in the Versarien hornet's nest - FWIW

Ok miserable bastards. I have a train walk with Joshua tonight, a very long one on Sunday ( to Chew I think) and then the big 32 miler in just eight days. So donate to Woodlarks NOW! HERE. In the podcast I look at  ersarien (VRS), Optibiotix (OPTI), Big Sofa (BST), Sosandar (SOS), Audioboom (BOOM), Wh Ireland (WHI), Symphony Environmental (SYM) and Feedback (FDBK)

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Bear

SHOCKER! AIM roll-call of results not published & suspension shame

Noticeable in today's RNSs at 07:30 was a long-list of suspensions from AIM. These are for - despite having had six months - the companies not having published a report and accounts for 2017. Natch, good companies don't have this problem - the roll-call of results non-publication company (and their advisers) shame is...

DFX
DFX

Defenx – CEO didn’t seem to like it… after just 6 months!

Previously writing on Defenx (DFX) early last month I concluded ‘Current CEO Alessandro Poerio did only join in November – good luck, but I suggest there not a bargepole long enough for this stock currently. Thanks to bringing it to the market to Strand Hanson, WH Ireland and Newgate (PR)!’. Now a “Resignation of Director” announcement…

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Ocado can you smell burning bear paw?

I suspect that Ocado (OCDO) is even more overvalued after today's share price surge on the Kroger deal - it goes to show the dangers of shorting anything other than an outright fraud in the current climate. I look at the FOBT news - Nanny State gets more and more bossy every day. I look also at Mothercare (MTC), Foxtons (FOXT) and WH Ireland (WHI)

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PFP
PFP

Pathfinder Minerals: the Tory MP, the CEO, the hapless Nomad and the allegations of mortgage fraud

Nick Trew, the CEO of Pathfinder Minerals (PFP) is currently attempting to fight off an EGM request to oust him and Toff Tory MP Sir Henry Bellingham of 3DM infamy from the board. Their record of non delivery should be enough to see them sent packing but another allegation has now been made which - if proven - would make their dismissal a black and white issue. Nomad WH Ireland and AIM Regulation must investigate this at once.

Is this the spivviest tweet ever - why is UK Oil & Gas Nomad WH Ireland not forcing a statement?

Over the weekend the extraordinary tweet below was sent by UK Oil & Gas (UKOG). Was it approved by its poltroon of a Nomad James Joyce of WH Ireland? Methinks not. In light of its content a responsible Nomad would be resigning or at the least forcing a statement. But not this one.

The only question for James Joyce, lackey Nomad to UK Oil & Gas

"I am tomorrow, or some future day, what I establish today. I am today what I established yesterday or some previous day." So said the great Irish author James Joyce. But the question for lackey Nomad James Joyce at WH Ireland is whether his client UK Oil & Gas (UKOG) has a tomorrow, has a future day at all? A statement is needed now to clarify the financial position of his client.

FRR
FRR

Frontera: WTF is “sustained deliverability” – where are the Ud-2 flow rates?

Oh BBMs, lap up the nonsense coming out of AIM-listed Frontera (FRR) this morning. Please buy lots of shares, for there are lots more coming. We had expected an update on the company’s work on the Ud-2 well in Georgia, but this morning’s effort offered  no numbers to go on and some strange terminology.

UK Oil & Gas plays fast and loose with AIM disclosure rules AGAIN

At no-one is warching O'clock yesterday, 5.17 PM, Uk Oil & Gas (UKOG) announced that the fourth £500,000 tranche of death spiral loan notes had been converted into shares. Once again it was sticking two fingers up to AIM Regulation with regards to timely disclosure.

UK Oil & Gas death spiral conversion announced but this is misleading, numbers dont add up

UK Oil & Gas (UKOG) has announced that another £500,000 of death spiral loan has been converted into shares, 14,159,092 of them. But hang on, this does not add up. UK Oil & Gas and its patsy Nomad WH Ireland (WHI) are not telling you something.

WHI
WHI

Photo article: brave Jim Bagot to take fight back to pensioner muggers WH Ireland

Good news. The pensioner Jim Bagot who was mugged by stockbrokers WH Ireland (WHI) is planning another protest outside its London offices this week. You will remember that the broker punted and lost hundreds of thousands of pounds of Jim's cash on penny stocks, many of them corporate clients, which was clearly not in the interests of such an old man. Even the regulators agree but WH Ireland has not compensated poor Jim in full. He fights on and his latest placard is below.

Tern: how’s that fundraising for Device Authority going?

Some while back – on the 11 August – AIM-listed investment company Tern (TERN) offered up details of a proposed fundraising for its majority-owned investee Device Authority. We were told that a term sheet had been signed with US Capital Partners to raise new equity based on a pre-money valuation of $36 million, and that first close was expected to be in September, with a minimum subscription of $2.5 million. So why is there no mention of any of this on the website of US Capital Partners?

NBB
NBB

Norman Broadbent – “Corporate Update & Change of Adviser”. Hmmm, how’s the balance sheet?

Self-described ‘talent acquisition & advisory services’ company Norman Broadbent (NBB) “announces the appointment of Gary Browning as Strategic Adviser to the Board and CEO, the appointment of WH Ireland as Nominated Adviser and Broker, the issue of a £300,000 loan note and the commencement of CFO succession planning”. Hmmm…

FRR
FRR

Waseem Shakoor on Frontera – no money, no CPR due, no JV imminent, Varang walked?

I’ve have a bear of AIM-listed Frontera Resources (FRR) for as long as I can remember. Perhaps it is the accumulated losses over the years of a whopping $479 million. Maybe it is the slide from c. 150p to the current 0.115p. Perhaps it is the boat load of confetti issued of late to settle debts. Maybe it is the delayed work on the South Kahheti gas assets. Whilst it seemed a slam dunk short at 0.42p per share (it was, now at 0.115p) there still seems to be more to go.

Déjà Vu at UK Oil & Gas: A Sell

In April 2015, at Waterloo station I looked up and saw, on a giant television screen streaming live Sky News, the portly figure of colourful Australian share promotor David Lenigas making wild and, as it turned out, unsubstantiated claims about the ‘Gatwick Gusher’, the voguish oil play situated on the Sussex Weald. Instinctively, I reached for my phone and shorted UK Oil & Gas (UKOG) which had trebled to 3p on the excitement.

UK Oil & Gas, the untrue RNS and a Nomad with no balls & not fit for purpose: WH Ireland

Every AIM company must have a Nominated Adviser, a NOMAD, to retain its listing. A Nomad is an FCA regulated financial adviser which charges an arm and a leg as a retainer to ensure that every RNS issued is 1005 accurate and that the company also complies with all the other AIM Rules. Not, as the LSE has made clear, that there is any downside in breaking all the rules or telling outright lies. That brings us to UK Oil & Gas (UKOG).

FRR
FRR

Frontera – new Broker must mean placing ahoy

AIM-listed Frontera (FRR) has announced the appointment of WH Ireland (WHI) as broker to the company. I’m sure they will be very happy together, but in the wake of a series of loan conversions to wipe out debt you might wonder if it is placing ahoy. The good news is that they even tell us that it is!

Tern – Was this week’s RNS actually a massive SELL note?

Having read Tern’s update on Device Authority and Nigel’s take on it HERE, I wonder whether there is a bit more to say as on a further re-read, I actually think that Al Sisto, Tern’s CEO, is admitting to all that the current share price is massively overvalued and shareholders should be heading for the door. Sounds like sage advice to me.

RUR
RUR

Rurelec – bad news from Argentina released 12 days after the fact

Yesterday afternoon AIM-listed, cash-crisis-hit Rurelec (RUR) announced that storm damage had hit its 50%-owned outfit in Argentina, Energia del Sur, resulting in a fire in a power switch which looks to have knocked out its 136 MW CCGT power plant in Southern Patagonia. But the storm was on 31 March: why did it take until 12 April to ‘fess up?

WHI
WHI

Bad News for WH Ireland - I am "in" on its AGM and so is Jim Bagot

Oh dear, oh dear, I am sorry to have to break the news to WH Ireland (WHI) but a shareholder in the esteemed firm of pensioner muggers has agreed to appoint both myself and Jim Bagot as its "corporate representative" ahead of the AGM on March 30th.

WHI
WHI

Calling all WH Ireland shareholders - will anyone make me their AGM proxy ASAP

It has been drawn to my attention that the pensioner mugging free speech hating, free press threatening bastards at WH Ireland (WHI) are holding a GM on 30th March, a day when I just happen to be in London. I would very much like to attend as would Mr Bagot, a pensioner WH Ireland knows well. But we need your help.

UPDATED: Reader Poll: which Nomad is so morally bankrupt/financially desperate it will act for the Cloudtag fraud? - its Not Allenby

Cloudtag (CTAG) the fraudulent AIM Company which has repeatedly raised money by telling lies to investors says that with Cairn Financial no longer prepared to sign off on its lies it is in advanced discussions about finding a replacement to avoid its shares being suspended on April 10. Really? Who do you think is so morally or financially bankrupt that they will sign off on lies for a fraudster. I am now starting a poll, if any of the Nomads's below want to deny that they are morally bankrupt and will not take on this work I will update the article. Vote now, deadline midnight Sunday 26 February. Update 1. It is not Allenby.

Bearcast

Tom Winnifrith Bearcast: More ouzo, vindicated on RapidCloud's descent to zero as well

In the main bearcast today I touch on the Cloudtag (CTAG) fraud but that is really covered in its own bearcast HERE. I do look at RapidCloud which was suspended today and will lose its AIM listing in a month. Who warned you that this would face a "terminal conclusion" 149 days ago? Was it PR wankers Walbrook or Nomad WH Ireland or savants on the LSE Asylum? Er no, it was me HERE.  I then look at Challenger (CHAL) a zero in waiting, Iofina (IOF) and IGAS (IGAS) both of which should also be zeros. I commend today's excellent piece from Nigel, the Deputy Sheriff of AIM,  on the Servision (SEV) scandal HERE. I take Nomad Allenby to task for failing to comment on this and for allowing Servision to mislead mug punters. AGAIN. Finally I take apart overvalued ramp Wey Education (WEY). Its shares are up 33% today. That is a ramp not a reflection of value.

Filthy Forty Taihua – at last that pesky buy-back is announced, but where has Daniel Stewart popped up from?

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has finally announced the long-awaited buy-back first announced way back last August when launching an Open Offer to pay for it. Hurrah! So it wasn’t a massive spoof to get a fundraising away after all, although the net result of the exercise appears to be a lot more shares in issue and a net inflow of well over half the funds raised. 

RUR
RUR

Rurelec – receipt of Statutory Demands: Fat Lady in the building?

Having inherited a train wreck from Peter Earl and his former colleagues in the AIM-listed Rurelec (RUR) boardroom, the current directors of the company have been living something of a hand-to-mouth existence surviving on scraps of short term finance while they try to rescue what has long appeared to be a basket case. But not satisfied with his fine work at the company (before departing in 2015), it seems Mr Earl has one last hurrah for his former shareholders. This morning the company announced receipt of Statutory Demands from AIM-executed IPSA (IPSA) and from Independent Power Corporation plc. Uh-oh.

Filthy Forty Taihua – rum’n’coke RNS re AIM Rule 26: Bargepole

And so after its website disappeared at least as early as late November last year and two failed efforts at getting a replacement available so as to comply with AIM Rule 26, ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has finally issued some Jackanory of a statement saying it now won’t be complying until Monday next week. The explanation may seem reasonable, but in context they’re ‘avin’ a bubble.

GFT
GFT

Is this the most incompetent company listed in London and is WH Ireland the worst ISDX Adviser?

Talk about incompetence. This gem is from ISDX listed FT8 PMC ( GFT) and I can do no more that run the statement below with my comments in bold. Words just fail me.

BMR
BMR

BMR Group at 6.125p worth 27p after Kabwe news says WH Ireland

Ok, WH Ireland employs a good selection of total tossers and it is Nomad and Broker to BMR Group (BMR) so its research is not impartial. But the news from Kabwe yesterday was good and, as you know, I am a fully paid up member of the Alex Borrelli fan club. Borrelli has saved BMR after the former chairman stole all its cash and is one of AIM's honest chaps.

China fraud Taihua – where is the buy-back? Where is the website? Where is the update on RMB 10 million of Related Party receivables (which the FY15 audit could not confirm)?

I keep on asking, and still there is silence: where is that buy-back that ShareProphets AIM-China Filthy Forty poster-boy Taihua (TAIH) has been promising since announcing an Open Offer to pay for it back in August? And where is the company website? And what about those Related Party receivables which were subject to an audit qualification of opinion?

China fraud Taihua: where, oh where, oh where, oh where is the share buy-back (and what has happened to the company website)?

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has been promising a share buy-back since the launch of an Open Offer back in August which was apparently being conducted to pay for it. The last update from the company - on 30 September (interims, released on deadline day) - told shareholders that the company expected to announce the mechanics of this Godot-esque buy-back “shortly”. That was more than eight weeks ago. We are now heading towards the very end of November. While we are at it, what has happened to the company website? 

Reader Poll: Which Nomad is so bent & desperate for cash that it will act for FRAUD African Potash?

African Potash (AFPO) needs to find a new Nomad by December 7th or its shares will be suspended. Cantor Fitzgerald is tired of putting its name to outright lies published to facilitate Securities Fraud and has quit. Potash says its talking to a replacement but which Nomad would act for this proven fraud? You decide in the poll below. Voting deadline midnight tonight ( 22nd November).

Filthy 40 Taihua – where, oh where, oh where is that share buy-back?

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) has been promising a share buy-back since the launch of an Open Offer to shareholders which was being conducted, apparently, in order to pay for it. Sorry to sound like a broken record, but the buy-back was first promised on 25 August and we are now well into November. The last update from the company was on 30 September (interims, released on deadline day) when shareholders were told that the company expected to announce the mechanics of this Godot-esque buy-back “shortly”. That was more than five weeks ago.

QPP
QPP

The 2016 AIM Awards - Crony Capitalists spunk £750,000 of your cash - winners announced

BBC presenter Sophie Raworth, picked up £10,000 for hosting the 2016 AIM Awards. Heck since this whole £750,000 event is ultimately funded by investors in AIM Casino stocks I am sure you won't begrudge her trousering some of YOUR cash. Anyhow here are the winners from the lavish 2016 ceremony:

TEA
TEA

Expose: How Jason Drummond & Teathers blew £10,500 of shareholders cash on a "shooting day" at "Downton Abbey"

Pretty soon we will hear the full awful details of the realisable assets at Teathers Financial (TEA) and I fear that we must brace ourselves that it will not be good. The word on the street is that the number could be as low as £100,000. So where did all the money go? This will horrify you.

China Flag

Vote Now in the Filthy Forty Pongy Poll! Which will be the next F40 casualty of the Sept 2016 reporting season?

Last year’s Sept reporting season saw a raft of casualties as members of the ShareProphets AIM-China Filthy Forty either failed to release numbers on time and/or saw the Nomad quit. With less than one week to go until deadline day for interims to June 2016 (or finals to March 2016) there are ten of the remaining 17 members of our iffy index still to report (or announce that they won’t). Which will be the next to get suspended?

Bearcast

Tom Winnifrith Bearcast: Truthful Trump but Democrats lying on terror, The maths on Watchstone now & Alba spouting shite

ISIS seems to have struck again in the USA, in Minnesota but also in New York and across the river in New Jersey. Pathetic weasel words from Democrats will only anger folks on Main Street even more, Trump calls it right again. I cover the amazing weekend poll numbers on Trump the mainstream British media won't report today HERE and HERE. He is going to win. Elsewhere I explain how to value Watchstone (WTG) post today's shock news on the Quindell fraud from S&G (HERE). I look at Mitie (MTO), WH Ireland (WHI), Servision (SEV) and a statement from Alba (ALBA) which is pure 100% cock. 

GLS
GLS

ShareProphets RNS Translation Service – Galasys booted off the Casino

This morning the long running saga of boardroom civil war at Galasys (GLS) finally came to a sorry end as far as its Casino listing was concerned, as the company was taken for its one-way trip to the AIM Execution chamber a month on from the resignation of its Nomad, WH Ireland. You can’t say you were not warned to steer clear on this website as long ago as last December. As yet another notch is carved on the ShareProphets’ bedpost, the ShareProphets RNS Translation Service has taken a look at this morning’s RNS from the now delisted company (original in bold)…..

GLS
GLS

AIM SHOCKER: Galasys - AIM’s day of sickening shame as Chairman points the finger

In a quite astonishing statement released yesterday, the non-exec Chairman of AIM death-row inhabitant Galasys (GLS), Mr Kim Seng Teh, has given his account of an unbelievable systemic failure on the AIM Casino to control the behaviour of the board of a member of the world’s most successful growth market. WH Ireland, as the Nomad responsible for this train-wreck until a few days ago, has a number of serious questions to answer, as does AIM Regulation – which, I hope, will be asking a good few questions of its own. I wouldn’t like to second-guess who is the villain in the boardroom and who is the innocent party, but I am sure of one thing: heads must roll in the oversight department.

GLS
GLS

Galasys – EGM called… oh dear, is it chairman versus CEO? And a correction….

We have already noted that AIM-listed Galasys (GLS) appears to be minus a company secretary, minus a registered office, minus a Nomad, minus a Broker and minus a NED or two since the board declared war upon itself last year. Now it seems that two disgruntled shareholders have decided enough is enough, but the implications as to what has been going on are dreadful.

GLS
GLS

Galasys – an Open Letter to AIM Regulation

I have this morning sent a missive to the fine upstanding, inscrutable and completely effective folks at AIM Regulation regarding the ongoing farce that is AIM-listed Galasys (GLS), which is currently suspended as its Nomad (WH Ireland) resigned last week with immediate effect. This morning, as reported HERE, yet another NED walked the plank with immediate effect, for “personal reasons”, following the Company Secretary, the Nomad and Broker and another NED out of the door, leaving the company with no registered office and a fast dwindling boardroom which is at war with itself.

GLS
GLS

Galasys – yet another rat deserts the s(t)inking ship as the company tries to pretend that it still has WH Ireland as Nomad.

AIM-listed China and South East Asia play Galasys (GLS) has seen a stunning procession out of the door of late. One NED last December, the Company Secretary (not yet replaced) and Registered Office (not yet replaced) last week, another NED twelve days ago, the Nomad and Broker last week, and now yet another NED today. Surely there is no way back for the company now – yet the company’s RNS today was apparently signed off by WHI as Nomad and Broker!

YUJ
YUJ

Yujin International moves from AIM to ISDX in RTO. Bargepole of the highest order

I’ve no idea what AIM-listed Yujin (YUJ) got up to in its previous life, but its shareholders (who may be wondering the same!) are clearly in for a treat as it moves to ISDX doing an RTO, share consolidation, change of name, a new board comes in and new advisers are appointed. We may have thought we had seen the Dream Team on ShareProphets, but this one goes straight to the top of the pile.

GLS
GLS

Galasys – now Nomad WHI walks and it is Death Row in another kill for the Deputy

AIM-listed Galasys (GLS), with its boardroom at war, has seen a succession of departures of late. Its company secretary and provider of the registered office, Computershare, gave the company the heave-ho originally as from 5 August (later extended to today). The one NED whose job security did not depend on court proceedings walked as announced last Friday. And now Nomad WH Ireland has had enough, resigning with immediate effect yesterday afternoon. Is this the final death-knell?

GLS
GLS

Galasys Red Flag Festival – boardroom farce, resignations & joke accounts

Oh dear, oh dear, oh dear. Things are starting to terminal for AIM-listed Galasys (GLS). With the boardroom already at war with itself and dragging the dispute into English, Jersey and Singapore court-rooms and with qualified accounts released for FY15 now we learn that Computershare has terminated its services as company secretary and provider of the registered office. 

Bearcast

Tom Winnifrith Bearcast: £2 for a fecking Guardian "Newspaper" for my Dad, I feel dirty & violated

I had to buy another Guardian for my Dad today. Two fecking quid of my money has gone to Polly fecking Toynbee to pay for the upkeep of her fecking Tuscan castle as she lectures me about all sorts of shite. I feel dirty for buying this rag and violated by the transfer of wealth from me to Toynbee. Moving on I cover Gulf Keystone (GKP), FairFX (FFX), Osirium Technologies (OSI) which I do not get at all and contrast with Falanx (FLX) which I do very much get and whose shares we own. I also look at WH Ireland (WHI), Servision (SEV) and Easyjet (EZJ) which gives me a chance to be rude to Andrew Monk at VSA Resources.

China FRAUD Taihua - another stinker of a set of results from the Filthy 40

ShareProphets AIM-China Filthy Forty play Taihua (TAIH) released its FY15 numbers on Thursday – deadline day to avoid suspension under AIM Rules. But they were released after-hours at 4.52pm: talk about last-minute. The numbers are a horror, but then so is the Auditor’s Qualified opinion, and the material uncertainty warning in the Going Concern Statement.

Bearcast

Tom Winnifrith Bonus Bearcast- After 11 Years 3DM your boys took one hell of a beating...next up Eden

It was 11 years ago that 3DM as was, Environmental Recycling (ENRT) as is and its sister company Eden Research (EDEN) were sending me lawyers letters. Both were frauds. Both are still frauds. Today Environmental lost its Nomad and as it is bust it is game over. Now I am going for Eden but in this podcast I tell the amazing story of both frauds, explain who was involved and is disgraced, accuse certain City folks of lying and worse as part of the cover up and demonstrate why this should have ended years ago but did not down to failings ( again) at AIM Regulation as well as disgraced Nomad WH Ireland. I warn you there is some bad language as I am pretty emotional right now. Enjoy, this is no holds barred stuff and it will shock you.

Bearcast

Tom Winnifrith Bearcast- China Fraud specialist Paul Shackleton & the accounts cock up at Croma

He has emerged again from under another stone. Now at disgraced WH Ireland (WHI), Shackleton represent a company called Croma (CSSG) which has not covered itself in glory today. I take a detailed look under its bonnet. Ho Ho ho. I do the same for Ambrian (AMBR) where Richard "piggy" Chase once worked and then discuss Nyota (NYO) which he trainwrecked suggesting a fair price for the placing it urgently needs. Ouch! And there are a few words on corporate governance, executive greed and Advanced Oncotherapy (AVO)

SEA
SEA

SeaEnergy – shareholders shafted: it’s a zero, nada, rien, zippo. All the money’s gone

Well you can’t say you were not warned on countless occasions (see HERE), having called this a sell back in September of last year, and naming it as one of my top picks for a zero in the UKI magazine in November. This morning AIM-listed (but not for much longer) SeaEnergy announced that it had gone into administration and that its hapless Nomad WH Ireland had resigned with immediate effect. I’ll bet WHI is really pleased it took on this dog-with-fleas back in November. I hope that readers duly collected their bags of crisps before the shares were suspended pending clarification.

WHI
WHI

The Bagot WH Ireland Scandal – who is behind the smear campaign?

I’ve no idea who Amanda Davies is, or even if the name is real. But this person has been posting in the reader comments section of my last piece on the Bagot/WH Ireland (WHI) scandal and seems to suggest great insight into the Bagots’ personal financial situation:

WHI
WHI

Does the Bagot/WH Ireland case suggest a change in the law is required?

That WH Ireland was deemed responsible for the horrific investment losses of pensioners Mr and Mrs Bagot is in little doubt: the Financial Ombudsman Service (FOS) found in the Bagots’ favour. But due to its limited remit the maximum award it was able to enforce came to just £150,000 plus some costs and interest. Given that the actual losses (and recommended recompense) were a healthy multiple of that figure I wonder whether this outcome shows that the current system is flawed.

Bearcast

Tom Winnifrith Bearcast - My Grandfather will spin in his grave as my father & I vote on Brexit today

I am back in the UK for the 50th Wedding Anniversary of my in-laws but on the way to the Grim North today my father says that he will be filling out his Brexit referendum postal vote in front of me. Touche, I have my papers too and will fill in my vote. Back in 1975 my father's father was a spokesman for leave. He will be spinning in his grave as his son, but not his grandson, votes today. I discuss that. Then I move onto Nick Hewer trying to stop old folks being scammed by unregulated boiler rooms. But what about regulated scammers. I go back to poor Mr Bagot, WH Ireland (WHI) and John Molyneux a broker who has retired a rich man having trashed the savings of Mr Bagot and others. Why is Molyneux not being hauled up before someone? What message does that send out?

WHI
WHI

Video & Photo Special: Mr Bagot Protests outside offices of disgraced broker WH Ireland

Jim Bagot, the Essex pensioner mugged by WH Ireland (WHI), relieved of most of his life savings by John Molyneux stuffing him into wholly inappropriate stocks is on the warpath back outside the offices of the disgraced broker. We recorded a video with Jim this morning and have photos of him in action. Enjoy.

WHI
WHI

WH Ireland and the Bagot Scandal – picket resumes tomorrow

Mugged pensioner Jim Bagot still has an outstanding gripe with AIM-listed WH Ireland (WHI). ShareProphets can reveal that tomorrow he will be back outside its London offices to resume his protest.

China Flag

ShareProphets China AIM 'Filthy Forty' update – half our index now not 'Geong, Geong', but Gone…

A couple of months on since our last update and more ShareProphets China AIM 'Filthy Forty' companies have followed Geong International and co in 'Geong, Geong' and then gone...

Environmental Recycling - New Direction Discussions End, now surely time to talk to the administrator

Back on 30 October 2015 long suffering shareholders in Environmental Recycling (ENRT) were promised a change of direction, a new beginning. Having seen its shares plunge from 150p, when it sent me a barrage of lawyers letters for pointing out that it was a total fraud back in 2005, to just 0.05p today the punters must have had some hope at last. But today Environmental ( formerly 3DM) fessed up. As disgraced Michael Walters who has tipped this piece of Turkish for 14 years and who told his readers to report me to the FSA for exposing the fraud, would say "oh dear, oh dear".

SEA
SEA

Seaenergy – SUNK!

This has been a long time coming, but surely now it is clear that AIM-listed SeaEnergy (SEA) is toast. This morning came an RNS which spills the beans, although the company STILL failed to spell out the grim truth to its lobster-potted shareholders.

Newsboy

Notes from Underground: Four Strong Winds

In a more perfect world you would be looking at a picture of yours truly gladhanding the governor of the Bank Of England, Euro loon Mark Carney, in this space.

WHI
WHI

Isle of Man Government dumb clowns but also morally bankrupt to do business with WH Ireland

The poltroons who run the Isle of Man Government yesterday announced that it had awarded a mandate to manage the cash the colony favoured by tax dodgers has hoarded away to WH Ireland (WHI). The mandate from the tin pot crown colony will not be enough to transform the fortunes of WH Ireland whose financial position is still pretty dire. But it shows the Isle of Man Government up for the fools that they are.

WHI
WHI

Nigel Somerville & the pensioners WH Ireland mugged, the Bagot's, shocking UK Investor video

This short presentation by Nigel Somerville and Mr & Mrs Bagot went ahead in the face of fascistic legal threats from the disgraced pensioner mugging broker WH Ireland (WHI). This fight goes on. You will be shocked by this video.

WHI
WHI

WH Ireland Pensioner Mugging caption Contest - A joint winner

There were some absolutely cracking entries for this caption contest as you can see here. In a sense, as it is round at WH Ireland (WHI), everyone is a winner (other than the clients) so high was the standard of entries as you sought suitable captions for the picture below from the WH Ireland HR department. But the two joint winners are 

WHI
WHI

New WH Ireland caption Contest - pensioner mugging edition

John Molyneux, the WH Ireland (WHI) stockbroker who destroyed the life savings of Essex pensioner Mr Bagot, left the disgraced broker in a bit of a hurry last year. We now have an exclusive picture from the HR department as they interview for a suitable replacement. can you please supply a suitable caption in this week's contest, in the comments section below - deadline midnight 8 May.

Newsboy

Notes from Underground - Sobriety

The Old Bill got back to me regarding last week's tag-team event, Lucian Miers & Paul Scott vs some drunk. As the gentleman in question had no prior entalglements with the police, and was shocked by his behavior when he sobered up, he was given a caution and cut loose.

WHI
WHI

WH Ireland - It seems Mr Bagot is not alone - is the dam breaking on scamming customers?

As you know disgraced broker WH Ireland (WHI) used fascist bully boy lawyers to stop the penioners it mugged ( the Bagots) and Nigel Somerville from exposing the AIM listed firm at UK Investor. We went ahead and what we served up was shocking. WH Ireland has to date insisted that the Bagots were a one off. That now appears to be demonstrable fiction.

WHI
WHI

And the POS AIM Company that sent a fascist "you are being watched" lawyers letter re UK Investor is..

In yesterday's reader poll we asked you which AIM listed company you thought had sent us a lawyers letter regarding the UK INvestor Show. We print the letter below but 79% of you guessed wrong!

SEA
SEA

SeaEnergy – Another KILL as undertakers called to measure up, shares suspended pending clarification.

Well surprise, surprise. AIM-listed POS SeaEnergy SEA), whose directors had a bit of  penchant for posh awards dinners, has had its shares suspended pending clarification. In short, it is toast. I’ll bet the Nomad – the fine and mighty house of WH Ireland - is delighted that it took this client on as recently as November – a great effort there by the due diligence team. You can’t say were not warned: the shares were being called as a sell on this website back in September last year. Anyone still holding has grim news to digest.

Gagged

Reader Poll: Which PLC has sent a fascist lawyers letter warning UK Investor speakers - we are being watched

This is becoming a bit of an annual ritual. And it is always a kiss of death for an PLC that tries to bully UK Investor Show speakers with fascist lawyers letters. Like it really worked out well for blinkx (BLNX) did it not? So which PLC has made its shares a slam dunk sell with a fascist lawyers letter last night reminding us that they have bought a ticket and we are being watched and threatening awful things. You vote in our latest poll - deadline midnight tonight. Is it:

Bearcast

Tom Winnifrith Bearcast : Mr Bagot is coming to town la la la but where's frigging Andalas

Sorry for the late bearcast - just back from the 20 week scan. All on track, fingers crossed. I end with news about Mr Bagot, the penioner mugged by WH Ireland. I start with Metal Tiger (MTR) and my story of earlier and the comments of morons. I then move onto African Potash (AFPO) and Blenheim Natural Resources (BNR) before ending on Andalas (ADL) - where's the RNS Mr Dave "I break the rules" Whitby? I also cover Strat Aero (AERO), see HERE,  and Goldenport (GPRT).

GLS
GLS

Galasys – courting disaster or just a farce?

We have been covering AIM-listed, but not (quite) AIM-China Galasys (GLS) through the who-is –in-charge battle since last October. There have been court proceedings in the UK, Jersey and Malaysia and here we are in April 2016 with still no resolution. Yesterday morning the company issued an update: Jersey proceedings were suspended as a kiss-and-make-up negotiation was underway, and in Malaysia a ruling went for the company and its directors (one of them former) but seems to have been appealed.

WHI
WHI

WH Ireland - back office to close at end May up to 30 P45s to be issued

Pensioner mugging stockbroker WH Ireland (WHI) has not announced this via RNS yet but just to remind it to come clean, my source close to the action says that the back office unit of its stockbroking operation is to be closed at the end of May. It is not clear if the almost 30 staff - many of whom have worked there for more than two decades - have been given the bad news yet. Well I guess they have now.

Another Filthy Forty AIM execution as Asia Ceramics is given the boot

Another day, another one-way trip to the chamber of no return. Asia Ceramics Holdings plc was formally given the heave-ho this morning to make it the nineteenth member of the ShareProphets AIM-China Filthy Forty to leave the Casino. Tomorrow we hit twenty – the half way mark – as it is the turn of Auhua (ACE) to join leave the world’s most successful growth market.

RUR
RUR

Rurelec – is this anything to worry about?

Two weeks ago AIM-listed IPSA (IPSA) – a Peter Earle trainwreck – released its annual results to March 2015. The report contained an Adverse Opinion on Financial Statements issued by Auditor Grant Thornton which detailed two issues, one of which was the recoverability of £1.8 million from another Peter Earle trainwreck (although he has since departed that particular scene), AIM-listed Rurelec (RUR).

PR Genius Reg Hoare of Plus 500 infamy I wouldn't presume to tell you how to run your business but...

Yesterday I ran an email from PR Genius Reg Hoare who acts for Plus500 (PLUS) which tries to set the record straight after Lucian Miers' article the previous day. At the end of his email Mr Hoare states "I wouldn't for one moment presume to tell you how to run your Share Prophets web-site, but" he then tells me how to run my business. Ok Reg, I wouldnt presume to tell you how to run your fecking PR business but...

Crime-Scene

ShareProphets China AIM 'Filthy Forty': Easter 2016 update - more 'Geong, Geong' & set to be 'Gone'…

Another month, more ShareProphets China AIM 'Filthy Forty' companies set to follow Geong International and co in 'Geong, Geong' and then gone...

Eden Research: How about you obey AIM Rules for once and 'fess up re milestone non payments

For a second I will park the five years  of fraudulent activities of Eden Research (EDEN) with regard to Terpenetech and move on to why it is breaching AIM Rules ( Number 11) with regard to non disclosure of material information elsewhere.

GTS
GTS

ShareProphets China AIM 'Filthy Forty': End Feb 2016 update - yet more companies Geong, Geong, Gone…

The following updates our China AIM 'Filthy Forty' table as at the end of February. Despite the utterings of the London Stock Exchange and George Osborne, more of the companies Geong, Geong, Gone? You bet…

Asia Ceramics heads for AIM’s Death Row as yet ANOTHER Filthy Forty Nomad resigns

It is hard to keep up. We called Auhua “Clean is my middle name” Energy (ACE) as the 21st AIM delisting/suspension on the ShareProphets AIM-China Filthy Forty as its Nomad steps down effective first thing on Monday, but at no-one-is-watching o’clock last night up popped Asia Ceramics (ACHP) to say that its Nomad had resigned. So Auhua will have to settle for 22nd place.

WHI
WHI

Scoop: WH Ireland - after FCA Fine: staff to be told of wholesale redundos this week

Yesterday afternoon I revealed HERE that the FCA would stiff disgraced pensioner mugging stockbroker WH Ireland (WHI) with a large fine. Sources claiming to be close to WH Ireland pooh poohed my story. They should have known. The Sheriff was not wrong. Today came the fine ( £1.2 million), a 72 day ban on taking on new corporate clients and news of a £1 million placing at 90p to keep the lights on...but WH Ireland is still not telling you everything. Here are two more scoops.

WHI
WHI

Breaking: WH Ireland - massive FCA fine and big job cuts imminent, source

Disgraced pensioner mugging stockbroker WH Ireland (WHI) has already admitted that it faces a large FCA fine for all sorts of misdeeds (although not the pensioner mugging) but the scale of its, company-threatening - problems is likely to become apparent imminently according to a source close to the situation.

Terpenetech & Eden Research - let's go back to the start of the Fraud

We have clearly demonstrated that Eden Research (EDEN) managed to get a covert placing away with its panama pump securities fraud deal announced with Terpenetech Ltd on August 24 2015 and revealed HERE. But this is not the first time that Eden has hoodwinked its investors with Terpenetech..let's go back to 23 June 2011.

Eden Research: Letter to AIM Regulation demanding formal investigation and suspension of shares

Following the horrific revelations about AIM Casino listed Eden Research (EDEN) on this website HERE and HERE yesterday I have now written to AIM Regulation demanding an immediate investigation and the suspension of trading in the shares of this worthless company. The letter reads.

Eden Research, November 2014, the related party give away - back to Ken Brooks' pal Chris

We have already established that Christopher Livingston-Campbell is both a terribly close associate of Eden Research (EDEN) founder Ken Brooks HERE and is also involved with Eden itself as his LinkedIn profile (below) makes clear. Now let's look back to November 2014 and some share transactions - not declared as related party - which stink to high heaven

ACE
ACE

China fraud Auhua – heading for Death Row, but what about the Broker situation?

Eighteen Filthy Forty members have already gone and they are still queuing up. Jiasen (JSI) took the heat earlier in the week (and there is more to come on that one) and we already have LED Holdings suspended for failing to release its accounts. Then there is Asian Citrus (ACHL) which looks set to run out of cash – or orange trees – before long. But at the back end of the week came a late surge from Auhua (ACE) to claim pole position for the next expulsion of a China fraud from the AIM Casino.

GLS
GLS

Galasys – court update on farcical boardroom bust-up

We have previously reported (HERE) on the farce that is AIM-listed Galasys (GLS), the company where two directors were announced to have stepped down only for those directors to resort to law. There are three sets of legal proceedings – in the UK, Jersey and Malaysia and the company updated the market on Friday morning: it looks set to drag on for some time. Just who is in charge in the meantime? Anyone?

F40 Taihua – Oh Dear: time for the Walkers?

Tom Winnifrith has already raised a few awkward questions about ShareProphets AIM-China Filthy Forty play Taihua (TAIH) HERE when he discussed how a profitable company (from China) with net cash of £2.5 million (as at June 2015, so we are told in the Interims) is only valued by the market at about £1 million. Yesterday saw a statement which brought to mind the now executed F40 company JQW. It all rather suggests that there is no earnings visibility and as such I would suggest that the stock could well be worthless.

GLS
GLS

Galasys – curiouser and curiouser, cried Alice

AIM-listed China and Malaysia hybrid Galasys (GLS) is turning into a fascinating soap-opera and the entertainment was turned up another notch yesterday. Entertainment for onlookers that is, but not for shareholders who might be more than a little concerned at the ongoing difficulty in establishing quite who is in charge – or, at least, who should be in charge – of the company.

Collapsing-Reactor

I agree with Paul Scott - all quoted stockbrokers are a sell

Paul Scott disappointed his army of fans with a refusal to pen a drunken 3 AM blog this Christmas. Shame. Shame. Instead he penned a very sober slating of the quoted brokers prompted by the profits warning from Panmure Gordon (PMR). I have been saying for ages that this sector is uninvestable and but Paul puts it far more clearly.

Bearcast

Tom Winnifrith Bearcast 23 December: The Conservative Club and its all about earnings visibility

Everything today is delayed by last minute Christmas shopping including the duck fior Christmas day and the stocking presents for the cats and by a visit to the Conservative Club as I explain. In the podcast I again warn David Lenigas and Afriag (AFRI) shareholders that I have a special Christmas Day treat just for them, just as I had for fraudster Rob Fielding of Quindell (QPP) and the convicted Nigerian fraudster Andrew O'Dua on December 25 2014 - HERE.  Elsewhere I look at Sovereign Mines of Africa (SMA), Fitbug (FITB), Game Digital (GMD), Panmure Gordon (PMR), the pensioner muggers WH Ireland (WHI), Levrett (LVRT) and the shoddy scumbags at the Mail on Sunday, Pittards (PTD) and Audioboom (BOOM).

UKOG – tell us about your purchase of Angus Energy shares: who got the bunce? Did you lie in an RNS? It seems as if you did

On 3 Feb 2014 the then AIM-listed Lenigas ramp UK Oil and Gas (UKOG) announced that it had purchased a 6% stake in Angus Energy Limited (now called Angus Energy Holdings UK Limited) – see HERE. The price disclosed for this transaction was £368,000, to be settled in UKOG shares to be issued at 0.8p (implying the issue of 46 million shares).

UK Oil and Gas: Placing RNSs of 10 June 2015 - where is the Companies House filing?

While Big Dave Lenigas was still running the show at AIM-listed UK Oil and Gas (UKOG) two RNSs were released on 10 June 2015 which announced a placing of 266,666,667 new shares at a price of 2.25p per share. AIM confirmed the admission of those shares to trading on the morning of 17 June 2015. So where is the Companies house filing for this?

Bearcast

Tom Winnifrith Bearcast 18 December: Pensioner mugger WH Ireland time to face Karma

I am still on the prescription pain killers as you may be able to guess. And I am still pondering what to get the Mrs for Christmas - any ideas please post away in the comments section. I end with a question for Jabba The Hutt and Afriag (AFRI): tell me David Lenigas what is happening on January 20 2016? In the podcast I cover Infrastrata (INFA), disappointing news from Armadale Capital (ACP), Inspirit (INSP), Octagonal (OCT) - two John Gunn /Lenigas creations - Asian Citrus (ACHL), eServGlobal (ESG), Impact Holdings (IHUK) and ask the question could WH Ireland (WHI) - full dossier on its sins HERE -  run out of free cash soon? The answer after today is that the pensioner muggers could well do so. Karma.

DFX
DFX

Defenx AIM IPO - shocking greed and a crap investment

On Thursday another tech crock of pooh floated on AIM - Defenx (DFX) - this is a tale of City greed and a shite investment.

SEA
SEA

SeaEnergy: profit warning, loans, new Nomad. Was that plain or cheese'n'onion?

I suppose that a profit warning should actually involve profits but unfortunately for SeaEnergy's (SEA) beleaguered shareholders that seems to be a long way off. With the low oil price it goes without saying that companies with exposure to black gold in some form or other are going to be suffering in the current climate. But SeaEnergy – as discussed HERE - could and should have been almost bullet-proof. Having had cash and readily realisable assets worth millions, the company has spent the cash and stood by while the value of the holding in Lansdowne Oil and Gas (LOGP) has dwindled away. It now finds itself reliant on the bank and having to go round with a begging bowl in order to keep the lights on.

RUR
RUR

Rurelec – open offer a doomed last throw of the dice?

AIM-listed and cash-strapped Rurelec (RUR) has proposed an Open Offer as the new management team fights to keep the lights on. But I fear that this potential fund-raising is already doomed to failure. The company admits that it faces a cash-crisis and the writing is on the wall. Here is why.

WHI
WHI

WH Ireland thinks it is off the hook with Mr Bagot and other pensioners it mugged – scumbags

You will remember how broker WH Ireland (WHI) mugged poor Essex pensioner Mr Bagot, destroying his life savings by stuffing him into duff penny stocks, often corporate clients?  Apparently it thinks it has acted honourably and the matter is at an end. Oh no. This scandal (full details HERE) is far from over.

ACE
ACE

Auhua – receivables at 177% of turnover in H1 2015, er.Red Flag for breakfast?

I’ve been looking again at the interims from ShareProphets AIM-China Filthy Forty constituent Auhua Clean Energy (ACE) and its growth in receivables since FY14 of 60% since FY14 and of 92% since the first half last year – as against pretty flat turnover and margins. As at June this year we see that trade and other receivables of RMB 200.4 million as noted under current assets sit at 177% of (slightly falling) turnover of RMB 112.8 million. That looks just a tad on the high side.

RUR
RUR

Rurelec – woe upon woe as 54% shareholder goes into administration

I have been bearish on AIM-listed Rurelec (RUR) all the way down from 3.75p in May. With the shares now down 79% since then, at 0.775p, I sense a notch on the bed-post at Deputy Sheriff of AIM Towers. Rurelec’s 54% controlling shareholder, Sterling Trust, has gone into administration and so we now have (to add to the balance sheet issues) a monster of a stock overhang. Also in the fray is the already suspended AIM-listed IPSA (IPSA), which sees a 30% stock overhang created.

WHI
WHI

WH Ireland Photo – Not only pensioner muggers but free speech denying fascists as well

Scandal plagued stock broker WH Ireland (WHI) still refuses to say how many other pensioners were – like poor Mr Bagot - mugged and had their life savings trashed by John Molyneux and his team of discretionary stockbrokers and nor will it even bother to launch an internal enquiry to assess the damage – you can see our full investigation HERE. But Essex old boy Mr Bagot has now taken to the streets.

Open letter to UK Oil & Gas’ Nomad – Does it consider Stephen Sanderson a fit and proper person?

Last night, the BBC’s Inside Out London documentary revealed that UK Oil & Gas’ (UKOG) Stephen Sanderson was the original source that claimed there are “between 50 and 100billion barrels of oil in place in the ground” in the Weald. This wildly optimistic figure was at the heart of April’s Horse Hill propaganda campaign, which caused the shares prices of all the listed companies involved to rocket. UK Oil & Gas half-heartedly tried to distance itself from these wilds estimates, but it is now unequivocally clear that it was behind them. Stephen Sanderson surely now has to go. Let’s see what the company’s Nomad (scandal plagued WH Ireland) has to say about this. 

RUR
RUR

Rurelec – boardroom departures. Rats, sinking ship, writing on the wall?

This morning two boardroom departures have been announced at AIM-listed Rurelec (RUR). The chairman was announced to have gone first thing this morning, and now he has been followed by a NED who is departing as of the end of the month. Is this a sign of further woes to come?

TXO
TXO

Is Halloween the date when the stake is finally pushed through the heart of TXO?

I am basing this question on figures given in the TXO (TXO) annual report. for 2014 - just released. I accept that those numbers may not be reliable as we have already noted that this board cannot always add up but on this occasion I give TXO the benefit of the doubt and thus ask when it is tits up time?

WHI
WHI

WH Ireland Stockbroker John Molyneux explains discretionary broking to Mr Bagot – new picture emerges

Scumbag brokers WH Ireland (WHI) hosted a table at last night’s black tie AIM awards. What with the taxis, champagne on top, etc. that must have cost it £3000+ but presumably it did not invite Essex Pensioner Mr Bagot, a man whose life savings were trashed by its former senior employee John Molyneux (see HERE

Tom

Notes from Underground - Never say never again: a Perfect 19 for TW

I though that we had reached peak Tom when he had written 8 out of the top-ten articles last week on his sabbatical. But no, Fortuna always rolls for the big win, and this week the Sheriff of AIM has actually written 10 out of the top-ten articles. On. His. Sabbatical.

RUR
RUR

Rurelec – train wreck Interims and a bizarre statement

That AIM-listed Rurelec (RUR) has been in a spot of bother was already well known (see HERE and HERE), and the full extent of the fiasco is clear from yesterday’s Interims. But it is the Chairman’s statement which most raises the eyebrows – here we are given an explanation as to what went on at the AGM when the board members up for re-election were unceremoniously rejected by the major shareholder…..whose head honcho is the company chairman! 

Bearcast

Tom Winnifrith Bearcast 29 September - a victor crows

It is back to old style bearcast today as I cannot get Audioboom to work. I am sure that it is all my fault. I crow about: winning the living wage debate last night and Volex (VLX). Then it is onto Panmure Gordon (PMR), WH Ireland (WHI) - please sue me for libel bitchez - and Daniel Stewart (DAN). Then I give a good kicking to tosser Dragons Den star Piers Linney and his POS company Outsourcery (OUT)

Listen to the Bearcast:
WHI
WHI

WH Ireland: where are the customers £245,000 sports cars to crash

The scandal surrounding how WH Ireland (WHI) staff led by John Molyneux systematicaly car crashed the discretionary portfolios of vulnerable and ageing clients such as Mr and Mrs Bagot is growing. But I now bring you a tale of another WH Ireland car crash...

RFC
RFC

Tom Winnifrith Rangers FC Special - Is there any chance of a stockmarket flotation?

Featurng all your favourite players in this mad old tale: Craig Whyte, Charles Green, Aiden Earley, Paul Shackleton, WH Ireland, Dave King, Mike Ashley, Old Mother Worthington (WRN) et al. The big question is whether Rangers FC (RFC) can get a stockmarket flotation away and if so when? It is that which I try to answer in this podcast

WHI
WHI

Could the Bagot scandal bring down WH Ireland?

First it was the Daily Mail and now it is the Daily Telegraph that has taken up the cudgels on behalf of Essex pensioners Mr and Mrs Bagot who were completely robbed by AIM listed broker WH Ireland (WHI). This scandal is growing and could bring WH Ireland to its knees as I have already flagged up HERE. The Telegraph today gives us full details of the scale of the mugging. It is awful.

WHI
WHI

WH Ireland: an open letter to Business Secretary Sajid Javid MP – will you help other pensioners who were mugged?

Over the past two weeks we have unearthed details of how senior WH Ireland (WHI)  Stockbroker John Molyneux (now suddenly retired) systematically stiffed those with discretionary accounts into duff penny stocks, usually corporate clients. So far one 78 year old who lost c£330,000 has been given compensation of £150,000 – but this may be the tip of the iceberg. So I have written to Business Secretary Sajid Javid asking him to intervene urgently.

US-Flag-Blonde

Notes from Underground - At Sixes and Sevens

In the past seven days, 41,499 unique readers read 73,252 pages on ShareProphets. The circulation of the Investors Chronicle is c30,000. Shares is less than half of that. To our critics who think we do not count, we say think again. Here is what you read last week..

ShareProphets Filthy Forty: Asia Ceramics and its bizarre lending arrangements with the boss

ShareProphets AIM-China Filthy Forty member and Jersey-registered Asia Ceramics Holdings (ACHP) recently featured HERE in the wake of its after-hours (and Red Flag riddled) full year 2014 results. What emerged was a large market capitalisation relative to (almost) non-existent earnings. But there was also a long string of related party transactions, and a CEO who appeared to be running businesses in China doing the same thing as Asia Ceramics does…in China. But what catches the eye now is an RNS on Tuesday of this week which describes a very peculiar set of loan agreements between CEO Dr Pu and the company.

WHI
WHI

Exclusive – the stockbroker who mugged pensioners for WH Ireland “retires” suddenly

Yesterday we outed Mr John Molyneux as the WH Ireland stockbroker who had mugged 75 year old pensioners by sticking the cash from discretionary accounts into penny stocks – usually WH Ireland corporate clients doing a fund raise – which had nearly all cratered.  I can reveal that Mr Molyneux has now decided all of a sudden that at 68 it is a good time to retire. With immediate effect. But if he and AIM listed WH Ireland (WHI) think this scandal is over they are mistaken. It is just beginning.

WHI
WHI

EXCLUSIVE: WH Ireland – Not only ripping off pensioners but a swarm of other scandals emerge

On Sunday I discussed how AIM listed stockbroker WH Ireland (WHI) ripped off a 78 year old pensioner for more than £500,000 but has only compensated him for £150,000. A WH Ireland spinmeister says that the actual loss for the poor defrauded pensioners was only £329,750. But the PR operative was less forthcoming when questioned about a swarm of other scandals.

WHI
WHI

WH Ireland – How big is its mis-selling scandal? Only a lunatic would trust this firm with his cash

The Mail on Sunday carries a horrific story about a 78 year old man who has seen his life savings disappear thanks to WH Ireland (WHI) the AIM listed stockbroker. Reading this I conclude that only a total lunatic would entrust WH Ireland with his or her cash. With the stockmarket now clearly in bear territory WH Ireland would be unlikely to prosper even without this scandal and at 125p the shares are a stonking sell – second only in this sector to those of the POS Daniel Stewart (DAN).

Tern – where did 588,640 warrants converted at 0.02p come from?

Anyone following the saga of AIM-listed Tern plc (TERN) will know that the company has had a few difficulties in reporting share issues – see HERE for an example. Yesterday Tern released this RNS which announced the issue and allotment of 641,463 shares as a result of the exercise of 52,823 warrants at 3p a share, and 588,640 warrants which were exercisable at 0.02p per share. The problem is that I can’t find where those 0.02p warrants came from.

Tern rockets on Interims and a Proactive Interview but Hargreave Hale sells again

Phew - what a ride! One moment share of Tern plc (TERN) are drifting at around 6.5p a share and then in the blink of an eye they have rocketed to 15.75p, having peaked at a whopping 27p. Ahead of Wednesday’s interims which showed a balance sheet of just £1.2 million, the Tern rocket had ascended to about 15p a share to value the company at around £7 million. They slipped a little on release of the RNS before a paid-for interview with company chairman Angus Forrest on Proactive Investors ignited the booster rockets and off we went again, up into the clear blue skies above, notching up a peak of 27p (market cap £12.3 million), and a four-fold re-rating. Post-excitement slippage then saw the shares close a wild week at 15.75p, a market cap of £7.2 million. What was all the excitement about? 

RFC
RFC

Rangers Coming back to the stockmarket, er sort of it's ISDX – Good News

We had rather missed the comedy show that was Rangers FC (RFC ) as a listed company since it was booted off the AIM Casino on April 2nd 2015. But the club has now taken a step to regaining a listing on ISDX, the market formerly known as Plus. Good news for comedy fans everywhere. Rangers listed and the trial of Craig Whyte of Rangers and Worthington infamy, an autumn of hilarity awaits.

RUR
RUR

Rurelec – Results, Board Changes, Disposal, Loan Facility. But there is an elephant in the room!

Friday saw a barrage of RNSs from Rurelec (RUR) – five in all. 2014 results were not a pretty sight, with the main event having been the compensation the company finally received after Bolivia nationalised some of its assets. I’ll spare you the details other than to say that the final figure received - $31.5m - was rather less than total of $41m awarded by the Permanent Court of Arbitration, which was itself a massive haircut for the company. Having covered a previous RNS from May which was splattered from top to bottom with Red Flags, it comes as little surprise that Friday’s news was hardly awe-inspiring, with the shares closing off by 11% . 

ACE
ACE

Auhua - what a bunch of cocksuckers - crony capitalists foiled by The Sheriff of AIM

Earlier today I revealed in yet another scoop that POS China AIM listed company Auhua (ACE) was planning a placing at just 4p when its shares were trading at 13-15p. The discount told you everything. Broker WH Ireland knows this is just a shite investment and the only folks who will support it are flippers. And now Auhua has fessed up - the Sheriff was right. Yet again. Auhua states:

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