Keyword results: keep selling

URU
URU
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URU Metals – The Slide Continues: Keep Selling!

I cannot help notice that John Zorbas’ AIM-listed URU Metals (URU) continues to slide. At the end of July I noted that the shares, then at 405p, seemed to represent over-valuation to the point of madness. By the end of August the shine had started to come off with the stock at 390p. Now they are 320p – and still monstrously overvalued.

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URU
URU
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URU – Is Reality Starting to Bite? Not Enough!

I noted the other day that AIM-listed John Zorbas vehicle URU Metals (URU) seemed to be an accident waiting to happen. With a boat-load of death spiral shares and warrants to come at 85p against a then share price of 405p, that was surely enough of a Red Flag, but with its main asset now held in TSXV-listed ZEB Nickel (ZBNI) following a “disposal” which was not really a disposal, whose shares (of which URU holds 41 million of, but mostly held in escrow) and ZEB’s shares sliding alarmingly since the suspension was lifted, the Red Flags were certainly fluttering wildly in the wind.

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CDL
CDL

Cloudbreak Discovery: Another Day, Another Ramparoonie, Another Decline

Shares in sub-Standard Listed Cloudbreak Discovery (CDL) have dropped to another new low this morning of 2.275p – as against the IPO price only last month at 3p. It’s not looking good, especially as today’s decline accompanied a ramptastic RNS. Again!

CDL
CDL

Cloudbreak Discovery – slippage continues on the sub-Standard List

I suggested that having dropped below its IPO price back in June at 3p, sub-Standard Listed Cloudbreak Discovery – nee Imperial X – (CDL) would struggle. Having peaked at 5.5p, the stock is now down to just 2.6p. Shall I save the Ouzo for the footie on Sunday?

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Tern – as shares collapse, what is in prospect?

Less than two weeks ago AIM-listed jam-tomorrow (but never delivered) Internet of Things investment company Tern plc (TERN) saw its shares trading at 30p – a monstrous overvaluation when compared to its last stated NAV per share of just 7.3p. Now, just a few days later, the stock is down to just 15.75p (last seen) – which is, of course, still a monstrous overvaluation. But there is plenty more pain to come for shareholders.

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YU
YU

Yu Spoof! Boardroom buying

AIM-listed and due for an imminent placing Yu Group (YU.) released a Director Dealings announcement this morning. Given that it has already admitted it needs more cash, my spoof sensors were set ablazing.

YU
YU
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Yu Group – ignore the spoofery, keep selling

AIM-listed energy provider Yu Group (YU.) has this morning announced a new ‘Long-Term Incentive Plan’ for directors and senior management. The terms, from a shareholder perspective, look OK but Yu’s balance sheet suggests to me that this is more about spoofing investors than rewarding management…

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Tern takes a Turn for the worse

Oh dear, oh dear. Has AIM-listed jam-whenever investment company Tern (TERN) lost its biggest investor? Yesterday we learnt that Mr John Mahtani had reduced his holding in Tern from 5.02% to 4.65%. Mr Mahtani was the biggest shareholder and given the share price drop since the beginning of July from 10p down to yesterday’s closing mark of 6.55p it doesn’t exactly look like a total vote of confidence…

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Tern – when will the cash run out? Before Christmas?

AIM-listed jam-tomorrow investor in cash-guzzling unlisted dogs Tern plc (TERN) raised an impressive £1.5 million recently, and claimed it had £0.8 million of cash on the books as at the end of June. Sounds impressive, but I fear that the cash may not last long…

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Doggie Corner – Tern

I just can’t help but notice that shares in AIM-listed jam-tomorrow serial non-deliverer Tern plc (TERN) seem to be sinking fast. The latest move yesterday, with the shares closing down again at 7.9p, has taken out the issue price of the subscription shares announced last Monday of 8.5p – which was already a 21% discount. It is always a very bad sign if the share price drops below the placing or subscription price. Oh dear…….and it gets worse, for it is under the curse of the Sith Lord Zak Mir who gave it the kiss of death at 10p, predicting a rise to 18p. Oops – 21% down so far on that one!

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Tern – yet another fundraise, £1.5 million at 8.5p (21% discount)

Well blow me down! AIM-listed jam-tomorrow POS Tern plc (TERN) has announced yet another fundraise, this time to raise £1.5 million at 8.5p. Given that the announcement came at 9am and the price just beforehand was 10.75p, that’s a 21% discount. Ouch.

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BREAKING: Tern – more Ouzo for the team as a massively scaled back placing is announced at just 6p. Keep selling!

Oh dear, oh dear, oh dear. AIM-listed jam-tomorrow (if ever) Internet of Things investment company Tern (TERN) has announced a placing at just 6p to raise just £0.8 million as predicted HERE to keep the lights on as its auditor is surely raising going concerns. That is a whopping 22.6% discount to last Friday’s close and 35% down on my tip of the year to sell when the shares were 9.25p. But there is more....

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KERBOOM: Tern – what about that tax credit to Device Authority?

AIM-listed Tern plc (TERN) was one of my two tips of the year – as a sell – at 9.25p (mid). The shares are now just 7.25p  - down by 22% so I’m off to a very good start. But I want to ask a question of Tern regarding its ongoing loans and payments to jewel-in-the-crown investee Device Authority.

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Filthy Forty Walcom – Fat Lady delayed by two weeks

Another update from ShareProphets AIM-China Filthy Forty play Walcom (WALG) shows that the Wagnerian Opera of the cash-crisis is still not over, but the fat lady has been sent from stage left to stage right to make her entrance and so the company has another two weeks to sort itself out.

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Catenae Innovation – the fat lady is about to go on stage: Keep selling - was it trading while insolvent?

Following its rather smelly announcement after hours at no-one-is-watching o’clock on December 20 which offered up nice Christmas presents to shareholders in the form of a profit warning and a statement that its financial position was weak, AIM-listed Catenae Innovation (CTEA) followed up yesterday at 12.23pm (lunchtime on a Friday, no-one-is-watching o’clock) with a further announcement that it still not agreed the hoped-for £100,000 bailout and that absent new funding it will be a trip to the corporate undertakers. Nigel did warn you but there is a bigger question....

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Haydale – another insti bailing and more insider dealing

AIM-listed Haydale (HAYD) is still seeing its management selling shares and another institution seems to be bailing out. Of course, we know that Haydale needs a placing and it is only a matter of time before the £3.2 million black hole in the balance sheet as predicted by paid-for researcher Hardman (so I’ll bet it is more) has to be addressed.

IRV
IRV

Interserve – don’t panic, keep calm and carry on (to disaster?)

Yesterday we learnt what a complete disaster the rights issue for Keir Group (KIE) was: a whopping discount failed to attract more than 40% of shareholders to pony up at 409p and the underwriters took the hit, offloading at just 360p. But never mind, massively over-indebted Interserve (IRV) announced this morning that good progress is being made on its deleveraging plan, involving a debt-for-equity swap of, I reckon, about £500 million – against its current market capitalisation of just £16 million.

ShareProphets Tern poll results vs BBMs: the BBMs win (for now)

Our reader poll last Monday asked you where shares in AIM-listed Tern plc (TERN) would end the week. The answer was...

Tern – trivial director purchases show yesterday’s news was just a ramp

AIM-listed Tern (TERN) has announced that two of its directors have been purchasing shares. Normally one would pay attention, but there are good reasons to see through this as just a spoof.

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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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