Results

Columbus Energy BUY at 5.4p target 26p - a New World

Published 3 hours ago

Broker VSA - which is house so not impartial - has published a deatiled research report on Columbus Energy (CERP) explaining why t6he shares, at 5.4p, are worth 26p. It writes:

Missed out on the Globo fraud fear not Gavin Burnell is backing another wannabe AIM "winner"

Published 18 days ago

Some folks have no shame. I talk not of serial promoter of dogs and frauds Gavin Burnell but of AIM Regulation who are allowing another Burnell backed "winner" to list. The high point of Gavin's career was of course Globo which he brought to AIM via an RTO, where he was a very well paid NED, made a killing selling shares and which was then exposed as a fraud HERE and went bust within 72 hours. Of course Gavin did nothing wrong. The CV gets better

Top broker spells out the bear case for Renewi

Published 19 days ago

A leading broker today sums up the bear case for Renewi (RWI). Er Renewis who? Well this used to be Shanks & Mckewan a good Scottish outfit in waste management.  But then... over to the broker:

A Broker presents the full bear case for Fevertree

Published 19 days ago

This is interesting. Are the glory days of Fevertree (FEVR) behind it? Is it time to call the top? This is the bear case as presented by a leading broker today. It is an interesting read...

A broker presents the bear case for UK Oil & Gas

Published 19 days ago

I am a bear of Uk Oil & Gas (UKOG) but here is a leading broker in a private email to his clients putting the bear case very eloquently indeed. Here is why you should sell your shares in the company best known for the now infamous Gatwick Gusher !

Your Christmas share tip from Andrew Monk to pay for all your presents

Published 23 days ago

Top broker Andrew Monk is such a n ice guy that he wants to pay for your Christmas. Not actually pay - be serious he is a broker after all. But he has a share tip which he reckons is a slam dunk cert to race ahead in the next five weeks and pay for Christmas. Just call him Father Christmas.

Inspirit - time for another placing to stave off insolvency don't you think?

Published 29 days ago

We have had no news from the Inspirit (INSP) boiler room run by John Gunn and once graced by the great Dave Lenigas since its last placing completed in early September. By my maths the company is once again insolvent so how about another placing Mr Gunn? As a reminder of the maths...

Fishing Republic- the maggots are only just starting to emerge - a retail zero in waiting

Published 30 days ago

When Fishing Republic (FISH) joined the AIM Casino at 15p in June 2015 it published an admission document bulging with red flags which I pointed out in numerous articles HERE. But brokers Northland pumped the stock shamelessly up to well over 40p to get away more placings. But today the shit hit the fan with a shock (lack of) profits warning but the maggots are only now starting to emerge. At 22.5p this is a zero in waiting.

Buy Kefi at 4.7p - target 22p ( from 23p)

Published 31 days ago

Apparently broker Cantor Fitzgerald has strict instructions that this note is just for institutional investors and not for the great unwashed, filthy private investors. So I may get a pompous letter oiirdering me to take it down. But since we are loyal shareholders, pro tem.

Central Rand Gold - no pulse after all in the Peterhouse Parrot, bad news for Fatty.

Published 31 days ago

This must be a candidate for the AIM Casino’s shortest appointment as Nomad: Beaumont Cornish took the reins on 19 October (when ZAI Corporate Finance had its Nomad status revoked) and at no-one-is-watching o’clock on Friday (at 4.47pm) it announced that its shares would be cancelled from AIM first thing on Monday.

Strat Aero - pathetic pre-bailout placing ramp attempted - FFS this company is bust

Published 36 days ago

Strat Aero (AERO) is quite clearly insolvent. That its shares have not been suspended pending clarification is just another badge of shame for the world's most successful growth market, that is to say the AIM Casino. Today sees another pathetic attempt to sucker in mug punters to try to pump this worthless stock ahead of another bailout placing. 

Concepta - at 8.25p worth 17.5p, according to house broker

Published 36 days ago

Beaufort Securities is house broker to AIM-listed Concepta (CPT) so you may prefer to take what follows with a pinch of salt. Also worthy of note is that it is owned by FIML (which is owned by a trust for Tom Winnifrith’s dependents) and just to keep Tom Winnifrith happy, here is what Beaufort has to say on yesterday’s disappointing Trading and Order update which he covered in yesterday’s Bearcast when he suggested waiting for the placing expected to follow before piling in.

Buy Ariana at 1.3p - target 2.78p

Published 41 days ago

Maybe the target is a but on the full side but this is the house broker Beaufort talking so it is clearly not impartial. Its mining analyst, Sheldon, is a sensible fellow and the nine page report on Ariana Resources (AAU) is comprehensive. Just to keep Nigel Somerville happy...

Andalas - read the notes - it's bust & its house broker Beaufort is in denial

Published 43 days ago

Andalas Energy (ADL) has today announced the departure of its, once greatly hyped, chairman Paul Warwick. How will we live without his blog? It has also served up a set of accounts which show that it is without doubt completely and utterly insolvent. If, like its house broker Beaufort whose comment to clients today is a disgrace, you can't read a balance sheet, the notes to the accounts make that 101% clear to all.

Day Trading Creeps Back into Fashion. So Here are some Fashionable Tips.

Published 46 days ago

Hello, Share Crunchers. Day trading is making a comeback.  And after being burnt a lot in the old days, I’m tentatively putting my toe back in the water.  Lower spreads (for selected companies) lower broker fees and the abolition of stamp duty on Aim shares are a few of the reasons. So here are a few tips I used to employ and am beginning to follow again.

Why an ASA complaint is such a major red flag - case study Sabien

Published 56 days ago

Natch the AIM listed uber dog Sabien (SNT) never got around to mentioning it but, like Purplebricks (PURP) today, it was censured by the Advertising Standards Agency, ASA, back in January 2013. Good companies just do not need to mislead clients.

FRAUD: MySQUAR fesses up to error in profits warning but still will not answer the big question re FRAUD

Published 57 days ago

What on earth is clueless Nomad SP Angel thinking? Its client MySquar (MYSQ) last week issued a (lack of) profits warning which means that it has either committed securities fraud or merely a massive breach of AIM Rule 11. Investors need to know what its sales were in July (as opposed to the July-September average given) in order to know how bad this will be. I have pressed SP Angel to force a statement and indeed the retained broker Beaufort has - to its enormous credit - also pressed but instead...

When facts change what do you do? If you are a MySquar owning moron you ignore the facts

Published 61 days ago

I bring you below a twitter exchange with a moron who owns shares in MySquar (MYSQ). There is no hope for some folks, they deserve an inevitable fate of poverty.

When BCA's shares slump do not let broker N+1 Singer forget this....

Published 61 days ago

Yesterday I produced some quality analysis on why shares in BCA MarketPlace (BCA) will collapse. Predictably the paid shills masquerading as City research analysts have responded. When BCA shares tank as they will inevitably do please do not let hapless broker N+1 Singer forget this ( the underline is mine and suggests that N+1 has not even bothered to read my note before responding with this horse...):

An Open Letter to SP Angel, Beaufort Securities and AIM Regulation re shamed MySquar

Published 63 days ago

I have written a letter to Nomad SP Angel, broker Beaufort Securities and the oxymorons at AIM Regulation re shamed MySquar (MYSQ). Has it committed a massive breach of AIM Rules or Securities fraud or both and will anyone do anything about it. The letter follows:

LoopUp - another AIM joker

Published 79 days ago

Listed in August 2016 on the AIM Casino, LoopUp Group ( LOOP), says that it is a premium remote meetings company. News today is uninspiring and its valuation is crackers.

Tom Winnifrith bonus Bearcast - The sickening and deepening scandal at Nyota

Published 86 days ago

The scandal at Nyota Minerals (NYO) which should have been booted off the AIM Casino today is deepending and is truly sordid. I have new shocking revelations for you all and incredibly serious questions for the board, for ex Nomad Roland "fatty" Cornish, especially for broker Peterhouse and also for the chocolate teapots at the FCA and the Oxymorons at AIM Regulation.

Nyota – how low has the bottom end of AIM sunk?

Published 87 days ago

Today is the day that Nyota was to have been booted off the world’s most successful growth market unless a replacement Nomad had been appointed, Beaumont Cornish having resigned in mysterious circumstances. Of course, today is a Sunday, so we should have heard something on Friday. But as predicted HERE, there was nothing. I guess the shareholders always knew where they stood, but now it is confirmed: you are at the bottom of the heap.

Fun and Games, Brotherly love at Cantor Fitzgerald, Unicorn and Directa Plus

Published 89 days ago

Graphite play Directa Plus (DCTA) was not one of the better new issues of 2016. Nomad and broker Cantor Fitzerald earned a good few shekels raising it £12.8 million at 75p in May 2016. The shares roofed it to 200p but the crashed to 32p by early August this year. At that point Cantor's decided to earn its shekels as retained broker with analyst William Game (pictured below) upgrading his stance from corporate "hold" to "buy". Paid for rampers Proactive reports:

Nyota Minerals – leaving it to the wire

Published 90 days ago

AIM-listed Nyota Minterals (NYO) seems to be leaving things to the wire with reference to the appointment of a new Nomad to replace Beaumont Cornish. The deadline falls over the weekend which presumably means that the guillotine should fall tomorrow if there is no news by close of play.

Buy Molins at 155p target price 200p

Published 90 days ago

Tom and I tipped shares in Molins (MLIN) at a 125p offer price in June as we considered that the price did not reflect the potential value following a transformational “Proposed sale of division” announcement earlier that month. The company has now updated with results for the first half of 2017. It is all good news and the shares are still a buy at up to 155p.

Obtala - shares to more than double: broker VSA: we publish the note

Published 118 days ago

VSA is house broker to Obtala (OBT) so is not impartial. Neither am I as we own a small number of shares following a Dragon's Den pitch as the 2017 UK Investor Show. But the price target suggests real upside and VSA's research team is well regarded and since we happily published an uber-negative piece from Evil Banksta the other day, this offers some balance. VSA has tweaked its forecasts

The Love that Dare not Speak its name...an email from FinnCap CEO Sam Smith

Published 119 days ago

On the morning of 15 August 2017 Sam Smith the curvaceous founder and CEO of Nomad FinnCap sent an email to all her crony capitalist pals across the City boasting about her new bestest friends. That was a mistake methinks. This is all a tad embarrassing as you can see below.

Egdon a buy at 9.25p - worth 35.5p claims house broker VSA after operational update

Published 121 days ago

I have no axe to grind here and the caveat is that the house broker is paid by the client to write research so it is not impartial. But the upside predicted here for Egdon Resources (EDR) seems enormous and VSA is more honest than most brokers (okay there is a low bar in that contest) and as a lower risk play on UK Oil & Gas (UKOG) ramping this may be of interest. Today's note reads:

Another day and another snippet of good news from Kefi Minerals - buy at up to 6p - target 13p+ to sell

Published 121 days ago

Kefi (KEFI) has announced that it has managed to reduce the amount needed to bring the Tulu Kapi project in Ethiopia into production by another $8 million. Following news of the $135 million Oryx funding last month the shortfall Kefi faced was $32 million, it is now just $24 million.

Andalas - great news about the jam tomorrow, shares soar 45% but folks do know that it is bust don't they?

Published 127 days ago

Credit where credit is due. Andalas Energy (ADL) the AIM dog created to fund the lifestyle of Dave "Rule Breaker" Whitby has announced that it has signed a legally binding deal to develop the Jambi-1 30+MW independent gas-fired wellhead power facility in Jambi Province, Indonesia and to procure gas from Pertamina, the global fortune 500 national oil company. Andalas will have a 49% stake in the project and state owned construction outfit PT PP Energy will have 51%. So far so good but hang on Henry!

Nyota – former chairman selling again last week, now below disclosable 3%.

Published 128 days ago

Following my run for the hills at the weekend, we learn today from AIM-listed Nyota Minerals (NYO) that the former chairman dumped another line of stock last Wednesday (informing the company on Thursday) – 25 million shares. His holding – which started as 90 million shares in lieu of director’s fees – was down to 55 million. Since it is now below 3% he’s free to dump the rest without bothering the RNS system. 

Telit - as we often predicted this is the day the disaster unfolded, but can the CEO explain his £24m share sale?

Published 128 days ago

I am not sure if Neil Woodford had a big stake or if self proclaimed tech expert Roger Lawson has bought shares and endorsed it but Telit Communications (TCM) ticked all the other red flag boxes for AIM casino disasters waiting to happen. UK Investor Show attendees know that this has been high on the bear's hit list for a while. Today the train wreck happened and as I write, shares in what was the most shorted stock on the casino, are 39% down at 156p. But a £199 million market cap is still a rum and coke. The shares could be 20p and I still would not buy. Pro tem I count this as another big win for the Sheriff of AIM.

Echo Energy - gets into bed with twice convicted market abuser as its new broker

Published 128 days ago

Having rather publicly fired its old retained broker Brandon Hill Research on 31 July for being sensible, Echo Energy (ECHO) has today announced it has a new broker Hannam & partners. Who? I must admit that I have never heard of this firm and an RNS search shows it acting for just one other London listed company as its retained broker. But maybe it has a big research capacity to ramp the shares? er...

Transense Technologies – argues “ahead of expectations”, but on a closer look…

Published 133 days ago

Shares in Transense Technologies (TRT) are currently retaining their something of a recovery from an end of June “Glencore - Further Contract Win” announcement, following a trading update for the company's year ended 30th June 2017…

Echo Energy fires its broker - for doing the sensible thing & dumping shares

Published 135 days ago

Echo Energy (ECHO) the overvalued wannabee oil explorer has today announced that it is firing its retained broker Brandon Hill. This is most unusual.

Nyota - I fear that its AIM days are very numbered

Published 144 days ago

Last week the Nomad and broker to Nyota Minerals (NYO) announced that they were quitting as of August 17. As I have exposed HERE and HERE the advisers have behaved disgracefully and if there was any justice they would be facing sanction. But I fear that it is Nyota that will suffer.

SHOCKING: Nyota - the killer emails: Peterhouse has defrauded investors and misled them

Published 145 days ago

Our exclusive Winnileaks service has obtained a series of emails from May 3rd 2017 which show that Peterhouse Corporate Finance has misled investors in Nyota Minerals (NYO) - these emails compound the damning evidence of the secret document I published on Wednesday. This is so damning that maybe even the useless clowns at AIM Regulation will take an interest.

Nyota - shamed Nomad & Broker Quit but Winnileaks suggests they are not telling you everything

Published 148 days ago

The Nomad and broker to AIM Casino listed Nyota Minerals (NYO) have today announced that they will cease to act as of August 17. So Nyota has one month from then to get new advisers or its shares will be booted off the market. Nyota may well be a worthless bag of shit but it is what the Nomad, disgraced scumbags Beaumont Cornish, and broker Peterhouse Corporate Finance are NOT telling you that is the real scandal.

Andalas - the Neville Chamberlain of the AIM casino: placing ahoy

Published 149 days ago

I have in my hand a little piece of paper which means peace in our time said Andalas (ADL) boss Dave "the rule breaker" Whitby as he announced yet another great deal for his company. But like all the other pieces of paper that he has waved in front of his labotomised army of groupies led by cardboard box dwelling sheep shagger Justin the Clown, it is just a worthless piece of paper - just like an Andalas share certificate. Hat tip to Brokerman Dan for that joke.

Frontera – new Broker must mean placing ahoy

Published 153 days ago

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!

Another less than glorious drill result from Sound Energy - top broker warns shares deserve to halve again

Published 161 days ago

Earlier in the week the disappointment was that the Italian Badile gas play had flopped. But at least the Moroccan excitement could allow James Parsons, the aggressive stock promoter who runs Sound Energy (SOU), to keep the plates spinning. er...now we have news from Morocco. And it is more bollockese and not great news.

Aquatic Foods - now FD walks - who could have thought this was a China fraud? Roll of Shame

Published 165 days ago

Late on Friday, at no-one is watching O'Clock we learned that Po Ling Low had quit as FD of AIM listed China fraud Aquatic Foods (AFG) with immediate effect. Really? It was 5.21 in London so it was 1.12 in the morning in China. Did Po really walk the plank so late in the evening. Clearly that was just another lie from this slam dunk fraud. 

Fusionex - last day to sell, Nomad quits, homophobic ADVFN moron J777J19 have fun!

Published 176 days ago

As I had suggested might happen several times, Nomad Stifel has resigned the Fusionex (FXI) account. It could not wait for the AIM delisting on the 26th. Instead it gave notice after hours yesterday that it was quitting as Nomad and Broker with effect from 5PM today. Hooray.Game over.

House broker on Concepta - shares, now 11.875p, worth 22p

Published 181 days ago

Shares in Concepta (CPT) trade at 11.875p mid this morning but are according to house broker Beaufort worth 22p. The house broker is biased but the note it has published is interesting for its - conservative  - updated forecasts. If the broker is right then in just over six months time these shares will be trading on a 1 year out PE of less than 6 which is insane for a growth play. Judge for yourself. we own shed loads of these shares are will not be selling at anywhere near this price.

Solo Oil at 0.33p - house broker ups target to 0.9p from 0.8p in detailed note

Published 184 days ago

House broker Shore Cap has upped its share price target for Solo Oil (SOLO) from 0.8p to 0.9p in a detailed note (below) entitled “Adding helium to the mix”. Following the successful testing of Ntorya-2 and subsequent resource upgrade, and the acquisition of a 10% holding in the appropriately titled Helium One, it has increased its sum-of-the-parts valuation for Solo. 

Detailed 14 page note on Union Jack Oil & Gas

Published 190 days ago

Okay it is from house broker Turner Pope so it is not to be viewed as impartial but then it does not come with a buy or sell stance, this report just gives a deatiled breakdown of the assets and operations of Union Jack Oil (UJO), whose shares -at 0.14p are - I think - cheap.

Toople - market intelligence

Published 192 days ago

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

SCANDAL: Redx Pharma – goes tits up & blames thieving scousers, just 3 months after raising £12m

Published 202 days ago

It seems to be perfectly acceptable for companies on the Casino to complete fundraisings inadequate to see them solvent. Yesterday at 4.22pm shares in AIM-listed Redx Pharma (REDX) were suspended “pending an announcement” by AIM Regulation (the RNS following at 4.35pm – bit of a rush there fellas?) At no-one-is-watching o’clock (6.35pm: after-after-hours) the company announced that administrators had been appointed - just 3 months after the company had apparently raised £12 million in a placing and open offer. Coke and hookers all round for the Nomad and Brokers concerned. Stale bread and water for those sold this particular pup.

Katoro Gold shares to more than double?

Published 203 days ago

Katoro Gold (KAT) was once the joke stock Opera Investments which did appear "accident prone". But it has now had the gold assets of Kibo (KIBO) injected into it, done a fund raise, moved to the AIM Casino and is, apparently, a whole new beast. House broker Beaufort has published a detailed note explaining why the shares should soar from 5.25p to 11.7p. I should note that Kibo retains a 56% stake in Katoro and we own a few Kibo shares.

MySQUAR: Isn’t there a massive conflict of interest, Beaufort?

Published 257 days ago

I wrote about MySQUAR (MYSQ) at the start of the year (HERE) in part because I thought the share price was only going one way and nothing in the many announcements since including yesterday’s result have changed my stance; however, I did want to raise what I believe to be a massive conflict of interest involving its joint-broker, Beaufort Securities, and its lender, Sandabel Capital.

Obtala Buy at 19p - target 28p: VSA Initiates coverage

Published 258 days ago

VSA is house broker to Obtala (OBT) so its assessment cannot be deemed to be impartial. However since I agree that the shares are cheap I bring you VSA's detailed initiation note below.

Shore Cap on Amryt at 18.5p - target price increased from 35p to 88p!

Published 263 days ago

Shore cap is House broker to Amryt Pharma (AMYT) so everything it writes cannot be said to be any way shape or form impartial. And since we own a shed load of the shares we are biased as hell too. Having said that this note is detailed and lifting the target price from 35p to 88p in light of recent news is pretty dramatic given that the shares were 18.5p on Friday when this "most excellent" research note came out.

The Joke valuation that is Bushveld Minerals

Published 266 days ago

I explained some time ago why I thought that the management of Bushveld Minerals (BMN) had treated retail investors with clear contempt and why that made the stock uninvestable. In the short term this can go anywhere, in the long run shares in companies run by scumbags usually head south. I wake up and find that the shares are now 7p and so - with a lot of "assistance" from a great broker we can note.

Goldplat - 63% upside says house broker VSA

Published 268 days ago

Goldplat (GDP) has announced that it has secured a $2 million short term debt facility from Scipion Capital. The loan is structured as a revolving pre-export facility and is available for 360 days from first drawdown. Interest is LIBOR plus 9.5%pa and repayment and interest are due monthly. Security on the drawn amounts has been granted over GDP’s South African tailings facility. This has prompted house ( thus not impartial) broker VSA to increase its target price by 9% and thus it claims that the shares, at 7.375p offer 63% upside.

RedT at 10.9p worth 22p? VSA initiates coverage - detailed note

Published 280 days ago

RedT Energy (RED) has developed a machine based on vanadium redox flow battery technology for deployment in the commercial and industrial energy storage sector. Unlike the majority of its flow battery peers, RedT’s machines have already been deployed in a number of field test environments with first commercial sales occurring at the end of 2016. So this is a real company. VSA is house broker so clearly biased but analyst Edward Hugo has this morning published a very detailed 25 page note. 

Eden: the Terpenetech fraud starts to unravel, has the first body been quietly buried?

Published 283 days ago

AIM listed Eden Research (EDEN) has been engaging on fraudulent deals with related party company Terpenetech for six years now. The first deal was a sale which Eden booked but Terpenetech never paid for. Who cares, Eden kept that debt as a current asset for 5 years. Sure the auditors should have kicked up a fuss, the Nomad should have objected but this is AIM who cares about fraud! Of course the far bigger £600,000 fraud waited until August 2015. It was a panama pump classic as you can see here - but this is AIM and Nomad & broker ShoreCap wanted to earn big commission do a placing so everyone again turned a blind eye. But now the cover up is falling apart.

Crack out the ouzo, 100% vindication as TrakM8 bailout placing gets underway, investor misinformation confirmed

Published 285 days ago

This morning, after a series of profits warnings, AIM uber dog TrakM8 (TRAK) has announced that there is a bookbuild underway on a £1.66 million bailout placing at just 65p. The shares are now 67p bid so you'd be a moron to participate but conversations are being had between institutional morons and hapless broker FinnCap right now, not withstanding the fact that today's statement lays bare the Nov 28 interim statement as 100% misleading.

Filthy Forty victim #24 Jiasen – ouzo time as voluntary euthanasia sees shares delisted

Published 288 days ago

And so ShareProphets AIM-China Filthy Forty play Jiasen’s (JSI) AIM listing is no more. It has become the 24th delisting from our original forty, after its shareholders voted (having been told it would make a fat-track application to NEX) to leave the Casino on the recommendation of the board. The NEX application didn’t happen, with the company claiming that it was now considering listing in Hong Kong. I’ll believe that when I see it.

The broker that raised £10m for Advanced Oncotherapy downgrades its stance on the dog to hold - damning note

Published 289 days ago

If you had raised £10 million for the AIM dog Advanced Oncotherapy (AVO) less than 5 months ago at 100p then your stance on the stock - at 54p-58p- would be some sort of buy. Oh no. broker Beaufort who did indeed raise that cash has today downgraded its stance to, what may be termed a corporate "hold" (i.e. sell) and makes it clear that the shares will fall allowing lower entry points. I should cocoa. Beaufort today opines after the Bracknor death spiral announcement of Friday - the underlines are mine:

Armadale at 2.5p worth 4.4p?

Published 293 days ago

Beaufort is house broker to Armadale Capital (ACP) but its mining analyst Sheldon is a good stick and I am prepared to believe some of what he writes. That is me being generous. I don't want poor Sheldon bursting into tears like foxy brokerette Alice Lane who has, I gather, been again upset by what I wrote here. There really is no pleasing some folks. Anyhow Sheldon reckons the shares will go from 2.5p to 4.4p. 

Shocker: AIM Casino – January Another month of shrinkage for "the world’s most successful growth market"

Published 302 days ago

January 2017 was another month of shrinkage for AIM in terms of number of companies.The absolute number was down by a net 9 from 982 to 973 companies with 1 readmission and 10 departures including the fraud African Potash (AFPO) which was relegated, in disgrace, to the NEX Markets lobster pot.

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

Published 309 days ago

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. 

Advanced Oncotherapy - the truth finally dragged out of the shysters

Published 310 days ago

Advanced Oncotherapy (AVO) has finally fessed up to the truth of its bust up with Sinophi and is paying the Chinese $250,000 to settle - even last week house broker Beaufort was, with an Advanced steer, suggesting the Chinese would be paying Oncotherapy several million quid. Lets remind ourselves of a timetable of lies, deception and non disclosure.

Brandon Hill says Vast disposal "an excellent deal"

Published 317 days ago

Okay it is house broker so hardly partial but the disposal made by Vast Resources (VAST) and announced today can't be bad news can it? Over to broker Brandon Hill which writes:

A Ear in Your Shell-Like. Royal Dutch Shares May Be in for a Boost.

Published 319 days ago

Hello Share Suckers. You’ve may have noticed, but probably haven’t, that I’ve been selling shares in some companies which I am heavily invested in. This is because times are uncertain and success with a few of my favourites, have left them a little top heavy in their pricing territory.

Our October share tip of the month has almost doubled, our next tip of the month is out TODAY - grab it for just £5

Published 320 days ago

Our October share tip of the month was Sula Iron & Gold (SULA). The Bulletin Board Morons thought we were daft and the shares were 0.18p offer. Today they trade at 0.33p-0.34p so were are heading fora 100% gain and some brokers think we are mad. Broker VSA says the shares are still cheap and reckons fair value is 2.5p. we kid you not.

Strat Aero - bailout placing at 0.1p - shares implode: worse to come

Published 323 days ago

Last night it was announced that Hulsey Smith, the American who exposed the fraud at the heart of Strat Aero (AERO) using Winnileaks last year, dumped the last of his shares that he received for dropping a legal claim. But look at his statement in the TR1 carefully. Before then , the rescue bailout.

Exclusive: Hulsey Smith to sue Strat Aero AGAIN - The final nail in the coffin

Published 327 days ago

For shareholders in Strat Aero (AERO) who thought it could not get any worse as the company hurtles towards bankruptcy in less than four week's time, we have bad news: it is about to get even worse.

Last year Strat was sued by American Hulsey Smith who demonstrated clearly that the company had lied to investors. Strat said it would fight all the way but then issued 38 million shares and handed over a wodge of cash to settle with Hulsey. Yesterday it emerged that Smith was dumping as fast as he can - so expect his last 18 million shares to be lobbed out within days. But it gets worse.

Tom Winnifrith Bearcast: Cornhill fined over New World Scandal but the real villains escape

Published 330 days ago

Sorry this is so late. I am meant to be taking a few days off with the Mrs and Joshua but I am also feeling very much under the weather. Better late than never here is my take on how the LSE has fined broker Cornhill £300,000 over the New World Oil & Gas (NEW) scandal. Where does this leave Cornhill? What about other brokers? The real issue is that the real villain of this tale, of which criminal Chris Oil was just one, appear to have got off Scot free

San Leon bid approach - Hold pro tem - any bid must be at c70p +

Published 358 days ago

San Leon Energy (SLE) has announced an early stage bid approach. Its shares are up to 49.5p on the news just down on our tip price but we hope you've followed our advice since and averaged down so are in the money. San states:

Advanced Oncotherapy - even house broker Beaufort now getting cold feet

Published 362 days ago

As joint house broker to the exponent of Securities fraud that is Advanced Oncotherapy (AVO), Beaufort has to sound bullish and has thus reiterated its speculative buy stance today. But read the note carefully. Beaufort is frit. I have highlighted key phrases that have not appeared before for you. Key phrases which show goalposts being moved and a broker that is sick of being made to look foolish.

Gold Producers Have Underperformed And Will Continue to Lag – How To Take Advantage Of The Recent Gold Correction

Published 365 days ago

In the mining sector, there is an old adage that is often invoked at the beginning of a new bull market – “producers will move before explorers and developers.” It might make intuitive sense, but the adage rings false claims Palisade Capital in its latest research. Over to the broker...

Milestone – Christmas Panto RNS: finally gets October Placing away.…Oh no it doesn’t!

Published 365 days ago

It seems the pantomime season has started early: AIM-listed lifestyler Milestone Group (MSG) has announced that it has raised a keep-the-lights-on placing at just 0.3p, and that of the original October placing which was announced to have brought in £1.385 million, only £60,000 has made it to the coffers. If Nomad Cairn Financial thought that its (currently suspended) client CloudTag (CTAG) was just a rogue case, Milestone begins to make it look more like carelessness.

Amryt Pharma - cracking deal but Im sorry that broker buy note does not make sense

Published 373 days ago

I am a loyal shareholder and think that shares in Amryt (AMYT) are cheap and a deal today really does look like very good news indeed. But the buy note from broker Stifel has me a bit confused. Let me explain.

Tom Winnifrith Bonus Bearcast: TrakM8 - disastrous interims, profits crash, cashburn horrific - 100% vindicated

Published 380 days ago

"Lorne Daniel at FinnCap, PR man Reg Hoare, Nomad Ed Frisby, Broker Joanna Scott, Edison Research, Proactive Investors we have beaten them all, we have beaten them all!. Paul Scott can you hear me? Paul Scott ... your boys took a hell of a beating! Your boys took a hell of a beating!" Yes The Sheriff of AIM is again 100% vindicated and it is ouzo o'clock already thanks to dog TrakM8 (TRAK)! But where next for the shares? All is discussed in full in this bonus podcast.

Atalaya Mining at 139p worth 175p?

Published 384 days ago

Atalaya Mining (ATYM) the company once known as EMED has served up its Q3 results today and broker Mirabaud is quick off the blocks with a buy note. I know many of our readers are invested here. Though I have no strong view for what it is worth Mirabaud writes:

Three Little Beauties Which Chime with One of the Truest Sayings in Shareland

Published 387 days ago

Hello Share Splashers. There are several well-worn maxims in Shareland which happen to be true. One of the best in my humble experience is ‘the trend is your friend’. Simply put, this is a share which has been rising for a few days continuing to rise. Just as a company which is doing badly continuing to see its stock tumble.

Watch where you are buying - the placing frenzy on AIM is stunning & tells you two things

Published 390 days ago

I was struck by a number of conversations I enjoyed during my trip to London this week with brokers on the sell side and also bucket shop investors - they are rushed off their feet. This is confirmed by the comment below from Andrew Monk of VSA and it tells you two things very clearly. Take heed, you have been warned.

More Support Rolls in for a Coppery Rally

Published 392 days ago

Hello Share Splodgers. My last modest piece reflected the view of smarter investor Wildrides that two copper miners might be worth a look. He bases that view on the rising price of copper which had been depressed for a long time.

Asiamet update - broker VSA says shares a buy at 2.8p worth 6.2p

Published 393 days ago

There is an update from Asiamet Resources (ARS) today on its operations out East. Broker VSA acts as house so it is not impartial but since I know this is a well followed stock here is its commentary anyway.

ShareProphets Exclusive: Milestone and how City of London Markets failed to pay up

Published 398 days ago

Following on from my earlier piece about yesterday’s disgraceful episode at AIM-listed Milestone Group (MSG) in which the company ‘fessed up that £1.25 million of cash from a placing announced way back on 20 October, the shares for which were admitted to trading on 31 October, had not turned up, ShareProphets has learned the name of the firm at the centre of yesterday’s controversy.

Sula at 0.24p worth 3.1p?

Published 399 days ago

The note below from broker VSA was published a few weeks ago with the shares then at 0.15p. Today they are trading at 0.24p in the middle so the speculative buy stance can already be said to be somewhat vindicated. But the target price is 3.1p. No typo that really is 3.1p. The reasonably detailed note explains why.

Berkeley Energia $25-30 million placing - back to that Peel Hunt buy note

Published 404 days ago

In the disclosures at the back of Tuesday's detailed buy note on Berkeley Energia (BKY) by Peel Hunt which the broker wants me to take down, it states that the company is a corporate client but does NOT say that "5. Peel Hunt is Broker to this Company and therefore provides investment services to the Company" As it happens it is joint broker.. The note is HERE and as you can see with the shares at 47p Peel Hunt said that they were a buy worth 98p to 159p Three days later there is a placing of $25-30 million at 45p and guess who is building the book?

Tom Winnifrith Bearcast Special: PR Genius Steffi, Beaufort Securities, the Vox rampfest and Solo Oil - the sordid underbelly of AIM

Published 406 days ago

In this bearcast special I take apart a share price ramp being orchestrated today by Solo Oil's (SOLO) broker Belfort Securities, PR fecking genius Steffi and the rampers nest of snakes that is the Justin the Clown podcast at Vox Markets. Investors need to be aware there is a massive stock overhang and a placing ahoy. They are being hoodwinked not by the company I stress but by its crony capitalist advisers and by those for whom Lenin's phrase "useful idiot" could not be more apt.

Peel Hunt: Berkeley Energia at 47p worth up to 159p

Published 407 days ago

Peel Hunt, which is no joke as a broker, has initiated its coverage of Berkeley Energia (BKY) at 47p with a claim that the shares should hit 159p. It argues that "Berkeley’s development plans show a high IRR due to the low capital requirements, high margins and attractive cash generation. The location in Spain provides a strategic advantage in geopolitical security which is sought-after by off-takers. We therefore initiate coverage with a Buy rating and a 93p R-NAV,our short-term target. As the company progresses through permitting, financing and development milestones, we would expect the shares to trend towards our 159p NAV."

Management Resource Solutions - another nightmare for AIM emerges

Published 410 days ago

Management Resource Solutions (MRS) has been a stock much ramped by the usual suspects and its shares have flown until last Thursday when they were suspended pending clarification of its financial position. The next day the CEO and founder was fired. But we can reveal that the CEO Paul Morffew claims this is a stitch up and, as a 20% shareholder is prepared to fight back. This has the potential to be another major AIM scandal given that it was less than two months ago that £2.8 million was raised at 10.5p. Nomad and co broker Northland is refusing to answer calls and its position now looks untenable.

Looking for a Possible Promising Long-Termer? Try Detecting the RAT

Published 414 days ago

Hello Share Terriers. Those of you who are true fans of Sherlock Holmes will agree with me that Basil Rathbone was the very best actor to play the role, even if he made his series of great films in the ‘forties. Today’s firm for your delectation is nothing to do with that marvellous thespian except that it bears the same name. Rathbone Brothers (RAT) may not or may not be a name overly familiar to you, but it represents an investment and wealth manager with a consistent record.

Northland Capital Partners – relying on Bank of Beaufort?

Published 419 days ago

Continuing our wanderings through the accounts of those who promote and look after companies listed on the Casino, we turn here to the FY (to Mar 16) accounts of Northland Capital Partners – Nomad to such fine enterprises such as AIM-listed Edenville Energy (EDL) and the now executed Eastbridge Investments (EBIV), Broker to AIM-listed Octagonal (OCT) and introducers of  Vast Resources (VAST) to the fine fellows at Bracknor. A truly magnificent contribution to life on the Casino I’m sure we all agree.

Kefi, at 0.36p, still worth 1.5p despite operational update says broker Ambrian

Published 419 days ago

Shares in Kefi Minerals (KEFI) may have fallen after the latest operational update to just 0.36p but house broker Ambrian reckons that a 6 month delay to first output and an increased upfront capex spend makes no difference to NPV. Really? Is it sure. Ambrian reckons the shares are still worth 1.5p. For what it is worth we are not selling ours and here is the note:

TrendIT – a shocking indictment of the Standard List: part two

Published 423 days ago

Yesterday saw a shocking litany of scandal regarding Iraeli tech play TrendIT (TRIT) of the LSE’s Standard List on the main market. We saw how it managed to gain admission claiming to be raising £4m which didn’t arrive, how its accounts suggest that it was not solvent either before or after the IPO, lost its Broker (Peterhouse) which is yet to be replaced, confusion over which firm was acting for it in its IPO and admission placing, a boardroom merry-go-round, a going concern warning from its auditor and suspension from trading “pending an announcement” we’ve all been awaiting for almost three months  – and it only listed in January! Today we bring you, courtesy of the Global Shorting Conspiracy, a translation of an article published by Israeli newspaper Calcalist.

China fraud Taihua – where is the buy-back? A case-study in procrastination.

Published 423 days ago

Back on 25 August this year ShareProphets AIM-China Filthy Forty play Taihua (TAIH) issued a comedy RNS announcing an Open Offer which was to be used in part for working capital and in part to fund a share buy-back. The working capital we can all understand, given the audit qualifications in its FY15 results and the content of its recent interims. But what about the share buy-back?

Trendit – a shocking indictment of the Standard List

Published 424 days ago

If you thought that AIM was badly regulated then the Standard List seems to be making great strides to demonstrate how much worse it could all get. We already have Cynical Bear’s Sub-Standard Shockers XI but in the form of Trendit (TRIT) an extraordinary set of events suggests a real scandal is brewing. Will anyone step up to the plate and take action?

Gable - when was it toast and why were investors not told? Heads must roll Mr Stuttard

Published 425 days ago

Slung off AIM yesterday, Gable's (GAH) main subsidiary is now in administration and the PLC will surely follow, as I explained HERE. No doubt Marcus Stuttard and the oxymoronic clowns round at AIM Regulation will no doubt just dismiss this as "one of those things" that happen now and again on "the world's most successful growth market". The CEO has made £15 million in the AIM years but investors have lost everything. There must be an major and formal enquiry and here is why.

Optibiotix: sole broker, warrants, de-merger, share price

Published 436 days ago

We have been asked a few questions about Optibiotix (OPTI), none wildly important and so let's wrap them up into one article, in Q&A format.

BREAKING: Eastbridge Investments - now officially tits up: questions for Greg Collier?

Published 436 days ago

Another filthy forty company has officially gone bust. Eastbridge Investments (EBIV), a company that was promising an RTO until just a couple of months ago has gone tits up. Its official. But will anybody ask any questions of those responsible. Let's name the guilty men. First the news of corporate death.

Strat Aero Interims - it is bust, plain and simple

Published 439 days ago

Lying to your investors is bad. I suppose committing fraud is even worse. But advisers without morals such as Nomad SP Angel and broker Beaufort Securities do not care about such matters as long as they get paid. But that may pose a problem as interims today from Strat Aero (AERO) show that it is completely bust. That SP Angel and Belfort will sign off on an RNS like this says everything you need to know about them. The only thing they should be signing is a resignation letter as Strat is bankrupt both morally and financially.

Servision - overtakes the fraud African Potash with the most expensive loan in AIM history - 33%

Published 439 days ago

Servision (SEV) has today announced its interim results and they are dismal. The company is bust and why it's advisors (Nomad Allenby, broker Belfort Securities & PR himbo Christian Taylor Wilkinson at Cadogan Leander) do not call it a day and walk defies belief. It shows all three are morally bankrupt.The results are analysed in a bearcast special HERE. But I flag up in itw own right a loan Servision has taken from Yorkville which seems to be the new, most expensive loan , in AIM Casino history - at 33% - it is 5 percentage points dearer than the loan the FRAUD African Potash (AFPO) took out from Katrina Clayton, the wife of its FD. Frankly Servision would be better off borrowing on Christian T-W's credit card and splitting the difference.

The arrogance of City folk who fail to accept there is a problem with China fraud - they are alright Jack

Published 440 days ago

A leading City broker today opined "Now for bashers of Chinese Aim stocks they can have a field day today with Asian Citrus Holdings and their announcement on why they are suspended." Bashers of Chinese AIM stocks? Bashers? For the thousands of private investors who have seen their pensions raped by China frauds as City advisors have banked vast fees and prospered let us put those words into context.

Wishbone Gold Placing - not in the script at all

Published 441 days ago

I apologise to one and all over Wishbone Gold (WSBN) which has today completed a £600,000 placing at just 0.75p with broker Belfort Securities handing out shares to spiv bucket shop flippers. This was not on the script and I cannot recommend a purchase of the shares at 1.15p-1.2p. That the shares are up a tad today but fell in the run up to his placing tells you everything you need to know about forward selling on the AIM casino, especially when the broker is Belfort.

Atalaya - another detailed broker note you peasants are not meant to see: Mirabaud sees 98% upside

Published 454 days ago

Another detailed broker note intended for sophisticated institutional investors not the great unwashed of the private investor community falls into my lap. A fucktard compliance officer earning as much as five NHS nurses, may soon force us to remove it but ahead of then, Mirabaud has cut its target price for Atalaya Mining (ATYM), formerly EMED, from 192p to 175p but with the shares at 88p that still offers 98% upside.

The Great African Potash resignation reader poll - which rat will leave the sinking ship first?

Published 458 days ago

Things are moving fast at the fraud African Potash (AFPO). So far it has not - as threatened - instigated legal proceedings against me but in light of specific information now in my possession which is enough to see folks bunking up as Rob Terry's roomie we say bring it on. See you in Court Bitchez! We sense that some of the rats in camp Afpo are getting skittish so the question is which one abandons this sinking ship of fools and fraudsters first? You decide, please vote in our African Potash rat poll below - deadline midnight Sunday.

African Potash – AIM Rule 26 page updated: where has joint broker Cornhill gone?

Published 461 days ago

So having pointed out that AIM-listed and under-the-Sheriff’s-spotlight African Potash (AFPO) was in slam dunk breach of AIM Rule 26 by naming the wrong brokerage as its joint broker (actually the one named closed down at the start of this year), and incorrectly naming its Auditor, the company has got around to getting things up to date. And so we can now see that it has one joint broker in the form of its Nomad, Cantor Fitzgerald. So what happened to the other joint broker, Cornhill? Has it resigned? I think (and AIM Rules dictate) that we should be told.

African Potash – Nomad Cantor Fitzgerald has grave questions for its compliance officer to answer

Published 464 days ago

I read with alarm the deluge of shocking revelations regarding AIM-listed African Potash (AFPO) from the Sheriff of AIM, Tom Winnifrith. The most recent – and possibly most surreal – development was the lawyers’ letter from the twice-bitten-but-still-not-shy Memery Crystal on behalf of its client, Potash. Tom Winnifrith has already suggested that the letter makes a number of stunning admissions, but in my view the implications of the African Potash affair for Nomad Cantor Fitzgerald Europe need to be addressed urgently.

Harvest Minerals: re-Placement ramp underway!

Published 475 days ago

We do like to provide balance here on ShareProphets and in that vein we bring you yesterday’s morning note from Beaufort Securities, house broker to Harvest Minerals. As exclusively revealed HERE by Tom Winnifrith with his Sheriff’s hat on, the company pulled a placing at 8p last week, in the hope of getting one away at a higher price. But that appears to have triggered a short squeeze as forward-sellers were forced to cover their positions. But it now seems that it is full rampety-ramp steam ahead for a second attempt.

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

Published 476 days ago

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!

Asiamet at 2.5p worth 6.2p?

Published 483 days ago

Okay that is the view of house broker VSA so it is not exactly impartial. But CEO Tony Manini is a good guy and today's news from Asiamet Resources (ARS) was encouraging so over to VSA.

Magnolia Petroleum another keep the lights on placing. Its pointless - this dog should be shot

Published 496 days ago

I have warned you repeatedly (the archive is HERE) that AIM listed Magnolia Petrooleum (MAGP) is a dog with fleas that exists merely to keep its useless board in well paid employment and to provide coke and hookers money for the crony capitalists. It will never make money for shareholders. Hence today we see a laughable bailout placing. Death is merely postponed.

Starcom - le AIM ramp de jour but valuation crackers

Published 497 days ago

Those lucky folks who got in on the most recent bailout placing for AIM dog Starcom (STAR ) in March at 1.5p have done brilliantly. The shares now trade at 4p mid and this is now le ramp de jour for certain morons on twitter and the bulletin boards. But the valuation is surely insane at £5.4 million given the ongoing losses, painful lack of tangible asset backing and the inevitability that another placing is imminent.

Andalas Shares slipping ...the Countdown to the next bailout pacing is underway

Published 498 days ago

The last placing from Andalas Energy (ADL) was in April at 0.2p. As those punters who paid up to 1.3p suckered in by Dave "rule breaker" Whitby, disgraced ramper Big Gob, ooops sorry Big Gib, and Justin the Clown screamed in agony they must have thought things could get no worse. Au contraire...

Tom Winnifrith bonus bearcast: The AIM casino disgrace that is MySQUAR, I name & shame

Published 499 days ago

AIM casino dog with fleas MySQUAR (MYSQ) has today managed a small bailout placing as it teetered on the verge orf bankruptcy just 13 months after its IPO. The roll call name of shame includes pompous PR supremo Piers Pottinger who is a NED, Nomad SP Angel, brokers Mirabaud and Belfort Securities. The shares have plunged to 4p (60% down on the IPO) but are in fact worth 0p. This is a ZERO, an AIM uber-dog. I look at the red flags, talk you through the maths and name the guilty men, the establishment fuckers, the 1% who have made money as poor old private investors took it up the jacksie again. Yes I am angry and use some bad language.

Purplebricks – now Old Mutual heading for the exit?

Published 503 days ago

We spotted that that the Chief Marketing Officer of AIM-listed Purplebricks (PURP) had been beating a hasty retreat the other day, selling £341,000 worth of shares acquired from the exercise of options almost as soon as the certificate arrived. But it seems that Old Mutual had a similar idea.

Vindication for Tom Winnifrith: Cenkos to be fined up to £700,000 over Quindell fraud - not enough

Published 504 days ago

Sky News claims to have a source who says that Nomad and broker Cenkos (CNKS) is to be fined £700,000 by the FCA for its lamentable failings in the Quindell (QPP) fraud - Cenkos has now admiited that a probe is underway. Whilst I see this as another moment of vindication for my work in exposing that fraud it is simply not enough. The FCA is telling the City's banksters that turning a blind eye to white collar crime does pay. Its coke and hookers all round if this is the best that the FCA can do.

President Energy (oink, oink) – Placing ahoy?

Published 509 days ago

I see that AIM-listed President Energy (PPC) has this morning announced the appointment of a new joint broker in the form of BMO Capital Markets Ltd. One’s suspicions are, of course, immediately raised: an energy company (hardly a happy sector at the moment) appointing a new broker? Is it placing ahoy?

AIM has its part to play as the country prepares for Brexit. I’m not holding my breath.

Published 514 days ago

There is no doubt that AIM is an incredible cash-raising machine. According to the most recent AIM Factsheet (to June 2016), published by the London Stock Exchange (HERE) £41 billion has been raised in new issues, and a further £56 billion in further issues of shares – a whopping total of £97 billion. Over the 21-year life of the Casino that is a very impressive average of £4.6 billion a year.

Bingo Bango Bongo Trading Statement - Ronan Keating knows what you mean

Published 520 days ago

Jam tomorrow producer Bango (BGO) has served up a ramptastic trading statement which distinguishes itself by missing out all of the metrics a sane investor would want to know about. Lads, Ronan understands.

Why AIM’s woeful regulatory environment makes it a hotbed of FRAUD.

Published 521 days ago

It seems that we at ShareProphets are not the only people concerned about the amount of fraud we see on the London markets – and, in particular, on AIM. We have seen the horror of the biggest stockmarket fraud for thirty years (Quindell, QPP – now Watchstone, WTC) unfold before our very eyes and yet as Tom Winnifrith doggedly banged on the doors of AIM Regulation and the FCA they did nothing and the frauds continued unchecked for far longer than they otherwise would.

Avanti Communications - existing debt now yields 30%: that says shares toast

Published 523 days ago

Yesterday Avanti Communications (AVN) issued a dire lack of profits warning. Having warned folks in a special 25 minute session at UK INvestor (HERE) that this one was heading for the knacker's yard, the bear community is vindicated. Our big call is looking good. But have you seen how the existing debt ( in which Avantis drowning) responded. It says the shares - down 60% to 24p yesterday - are near as damn it toast. The target here is 0p or very close to that.

Challenge to Robert Price of Highlands Natural Resources

Published 533 days ago

Tom Winnifrith and I have covered Highlands Natural Resources (HNR) in some detail as the list of disgraceful shenanigans gets longer by the day - the latest revelations at the weekend were a killer and anyone holding after reading THIS is now demonstrably insane.

Jiasen Results Delay - For Whom the bell tolls...it tolls for thee

Published 537 days ago

China fraud Jiasen (JSI) may well be enjoying its last few days on the AIM Casino as we have news today of a shock delay to its results. Do you want to bet if they will appear at all?

Lombard Risk Management raises £8 million at 8.75p - Phil Crawford pisses on private investors

Published 544 days ago

This morning Lombard Risk Management (LRM) announced an £8 million bailout placing and open offer at 8.75p - news which reveals to all the utter contempt with which chairman Phil "interX" Crawford treats shareholders. Crawford is still refusing to explain why he left Oracle in a hurry, and his presence - at a cost of £400,000 last year - makes this stock toxic, at 8.75p.

Golden Saint Resources raises £400,000 to keep paying crony capitalists but where are its fecking results?

Published 548 days ago

Last year Golden Saint Resources (GSR) waited until it got a placing away in late May to announce its piss poor results. It needed extra cash to satisfy the auditors that it was solvent, let alone a going concern. This year it seems that broker Cornhill could not bring itself to stiff its clients again - hats off to Frangos and team for showing some integrity. But bucket shop- SVS Securities has no such qualms and has raised £400,000 gross ( £371,000 net of fees to crony capitalists) at 0.07p. So I guess we can now see the results soon.

ShareSoc thinks AIM can lose the Casino tag but its demands say it all & say nothing

Published 551 days ago

ShareSoc, home to disgraced ramper Roger Lawson of blinkx, Globo and general infamy, reckons that AIM Can lose its Casino tag but needs reform. On the latter point that seems like a statement of the bleeding obvious but what does ShareSoc demand? Honestly you could not make this stuff up.

Breaking: Provexis - working on Placing, will issue shares at 0.15p ( maybe lower)

Published 552 days ago

Ooops a daisy another day and another scoop and another hugely discounted placing revealed by yours truly. Apologies to Paul Scott if he was suckered into this one too by a ramptastic trading statement on May 31 but with shares in Provexis (PXS)  trading at 0.26p-0.29p this perennial uber-dog with fleas is passing the hat around again. Time for a statement hapless Nomad & broker Cenkos?

ValiRx – additional broker appointed, but carelessness remains the order of the day

Published 554 days ago

This morning saw AIM-listed ValiRx (VAL) appoint Beaufort Securities as Joint Broker. This coincided with a quarterly update RNS full of good news and Beaufort included a generous write-up in today’s morning note, with a “speculative buy” rating. All jolly good, but I fear that yet more errors have been made by the company.

Premaitha at 8.6p worth 20p says FinnCap in initiation note

Published 555 days ago

Finncap is joint broker to Premaitha (NIPT) so is clearly biased. We own shed loads of the shares so are we. So feel free to ignore it all but here is FinnCap's pretty detailed initiation of coverage note.

FastForward – Uber ramp as new Nomad/Broker signals Placing Ahoy

Published 560 days ago

I have a few questions to add to Tom Winnifrith’s and Cynical Bear’s coverage of the fine outfit that is AIM-listed FastForward Innovations Ltd (FFWD). I’m sure there are perfectly reasonable explanations, but perhaps the company might like to share them – especially with a placing so obviously on the way as the (re-) renewal of what was once the AIM-China play called London Asia Chinese Private Equity Fund (CGOP) continues.

Igas – new Nomad and Broker appointed: bail-out imminent?

Published 561 days ago

Shares in AIM-listed and over-indebted Igas Energy (IGAS)  had a good week last week, rising by about a third in value before slipping back again. But its balance sheet problems (well documented on ShareProphets, see HERE) continue to mount and this morning it was announced that Investec has been appointed Nomad and joint Broker, replacing the previous incumbent Jefferies International. Whilst one might wonder if Jefferies jumped or was pushed, the bigger question is when the bail-out re-financing will come and how big the shafting for existing shareholders will be.

Sirius Minerals at 19p worth 50p says Shore cap - the broker note in full

Published 565 days ago

Whether broker Shore cap is talking tummyrot or not is not the issue. We all know that most broker notes are toilet paper. But just to annoy my pal Lucian Miers who is short I feel the need to give this Sirius (SXX) report more publicity.

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

Published 580 days ago

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.

Trendit - surely someone has got to go to prison, this is FRAUD

Published 589 days ago

Trendit (TRIT) announced on 4th January 2016 that it had "completed a placing of existing and new ordinary shares at 5.53 pence per share, and is raising a total of £4 million before expenses." Its shares duly joined the Standard list and were soon trading at north of 6p. The statement was not a lie but it was so utterly misleading that someone must go to prison.

Teathers Financial - today's RNS means shareholders MUST SACK THE BOARD NOW!

Published 593 days ago

Tomorrow at UK Investor Show the Teathers shareholder action group will be manning a stand all day wanting to make contact with anyone owning any shares in Teathers Financial (TEA). Make sure you go and make contact as this company's board must be sacked NOW after another disgraceful RNS.

Bushveld Minerals – suspension, proposed RTO, questions

Published 597 days ago

Having spotted the appointment of another joint Broker to AIM-listed Bushveld Minerals (BMN) on 8 April – see HERE – I had wondered if it was placing ahoy. Last Thursday saw the suspension of the shares announced by AIM at lunch-time, pending an announcement, although it took until after-hours on Friday for the company to bother to comment.

Corero appoints new nomad & broker - that means placing imminent: sell

Published 602 days ago

Corero (CNS) had, in Finncap, an existing Nomad and broker who the City thinks are acceptable although I regard them as complete & utter bastards. But I am even more scathing about Quindell's pals at Cenkos and today Corero (CNS) has appointed those mothers as its new Nomad and broker, 24 hours ahead of its results.

Broker SP Angel gives trading update as if we cared but what happened to Mkango?

Published 604 days ago

Broker and Nomad SP Angel is not listed so why on earth it thinks anyone gives a flying fuck about today's trading update is rather beyond me? But never underestimate the innate sense of self importance among folks in the City of London even if they work for shittly little Nomads and brokers who try to float bankrupt pieces of Turkish such as Mkango Resources. Oddly today's statement fails to mention Mkango, a company Chris Oil appears to have blown £100,000 on backing last autumn.

Phorm - Its tits up time another kill for the Sheriff of AIM

Published 608 days ago

"Nomad Strand Hanson, Broker Mirabaud, mug punter Evil Knievil, aka Simon Cawkwell, dodgy Russians Mediotor, IR ramper John Heilshorn, we have beaten them all, we have beaten them all!. Phorm PLC, can you hear me? Phorm PLC ... your boys took a hell of a beating! Your boys took a hell of a beating!"

Optibiotix - Hybridan increases its target price to 106p

Published 608 days ago

Hybridan is house broker to Optibiotix (OPTI) and so although I agree with its conclusion this note is clearly biased and feel free to ignore it completely. As for Hybridan, like most brokers. its employees should be strung up with piano wire. But for what it is worth.

China fraud Jiasen – oops, another NED walks

Published 637 days ago

Our sincere apologies for missing the fact that ShareProphets AIM-China Filthy Forty play Jiasen (JSI) slipped out a board change RNS at lunchtime on Friday last week. I guess we were all in the Punter's Return at the time. It seems that Mr Curt Riley has resigned as a NED as from the end of May.

Trying to Imagine a Techie that's Worth a Punt? - Have a Look at This One.

Published 637 days ago

Hello Share Mongers. It’s been my practice for a year or two to avoid techno firms like rattlesnakes in the night. But even in the most scary of sectors there are some firms that have potential.

Top broker slams bucket shop corporate brokers on the AIM Casino - "the next big scandal"

Published 642 days ago

A top broker running a reputable institutional brokerage has predicted the next big scandal to hit AIM. He describes the junior market as a Casino (I wonder which website he's been reading) and lashs out at a problem the FCA has created, the retail brokers becoming corporate broking bucket shops. Over to the broker who writes...

Happy days - Shares in Phorm suspended - Another Kill for The Sheriff of AIM

Published 657 days ago

My only problem is that I have run out of ouzo. Call it poor Phorm (PHRM) but I am thus unable to celebrate the AIM Casino suspension of trading in shares in another POS company in the traditional manner. I shall have to make do with neat orange juice.

Ariana Resources at 0.95p worth 2.79p?

Published 657 days ago

The research note making this suggestion comes from the house broker so treat it with a bucket of salt. Having said that, mining analyst Sheldon Modeland is no idiot and I also happen to think that shares in gold junior Ariana Resources (AAU) are cheap and thus in that vein (pun geddit?)

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

Published 659 days ago

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.

Magnolia Petroleum meaningless ramptastic trading update - is it insolvent yet?

Published 672 days ago

Magnolia Petroleum (MAGP) today announced that its sole broker is now Cornhill which means that a deeply discounted placing is imminent. A ramptastic trading statement has spiked the shares by 11% to 0.18-0.23p and that may help but investors need to ask how close is Magnolia to insolvency.

Broker Brandon Hill: Kefi Minerals funding news very positive

Published 676 days ago

We note that former colleague flip flop Ben Turney is (again) urging his followers on twitter to fill their boots with small gold plays including Kefi Minerals (KEFI). We would advise you against betting the ranch on such enterprises but Kefi did have news on its funding for Tulu Kapi last week which was a move in the right direction. Its house broker Brandon Hill, predictably, enthuses...

Tern – FY Results part 2, what’s in the Annual Report but not in the Results RNS?

Published 682 days ago

I indicated in part 1 of my results analysis that there were a few bits and bobs in the Tern (TERN) Annual Report which had not made in into the RNS version of the FY15 results. Often it pays, when studying a company’s numbers, to begin with the notes to the accounts and then work backwards from there. And so here are a few things which caught my eye.

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

Published 683 days ago

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.

FRAUD Jiasen - cratering again. What happened to your 1500 employees?

Published 685 days ago

Ok this is an easy question. In the RNSs released by ShareProphets AIM-China Filthy Forty member, Jiasen (JSI) the 'Notes to Editors' has helpfully told us the number of workers employed at its factory in Nan'an City, Fujian Provice (AIM-China Fraud central), China. For what it is worth I do not believe a word it says on this matter for reasons explained HERE but maybe Jiasen can guide us all?

Red Flags at Night: Arian Silver (nearly) 50% discounted placing, 25% share price drop in advance

Published 685 days ago

Tom Winnifrith has made no secret of his contempt for AIM (and TSX) listed POS Arian Silver (AGQ), having quite correctly called it a sell many times. But the latest RNS – a no-one-is-watching o’clock placing announcement really takes the biscuit. Yesterday the shares closed at 1.9p, having dropped 25% over the day and lo-and-behold we have an after-hours placing at just 1p. 

Jiasen – down another 23%. Is the end nigh?

Published 686 days ago

I note that in the wake of our recent coverage (HERE), shares in AIM-China Filthy Forty play Jiasen (JSI) have cratered another 23% today (last seen) to 2.875p. There has been no news (so far) today, but one senses a bit of a rush for the exit going on.

Serial D. O. G. DOG Servision - when is the placing?

Published 688 days ago

AIM casino listed Servision (SEV) went public on New Year's Eve 2004 ad has been a serial disappointer ever since. More than eleven years on its shares have collapsed, more than $14.672 million has been sent to money heaven and the only commendation one can make is its consistency. It is always losses, more losses, more jam tomorrow and when's the placing? And it is that matter that needs addressing for the answer must be soon. Beware the ramp.

The TrakM8 Series..how much of a crap deal was Route Monkey? A source comes forward

Published 690 days ago

Paul Scott's beloved TrakM8 (TRAK) would like you to think that its latest purchase, Route Monkey, was a prize jewel it was lucky to pick up. Au contraire. Its a dog and has been for sale for at least 20 months...finally it found a buyer in TrakM8. Now one potential purchaser who "kicked the tyres" has been in touch. He says. 

RockRose Energy – more filings from the pig-sty on Companies House. How can we possibly believe the Admission Document?

Published 692 days ago

We have already flagged up a bit of a mis-match of data between the Admission Document and the Companies House filings of the newly floated RockRose Energy (RRE) on a Standard Listing of the Main Market of the London Stock Exchange – see HERE. But on the day of that first article, Companies House later showed that a correction had been filed (on 7 Jan 2016, as it turns out). A further filing appeared the next day (filed on Christmas Eve). What it seems to show is that the Admission Document was just plain wrong. Or the filings are wrong – even after the correction. This is turning into a farce from Andrew “Piggy” Austin, formerly of IGAS.

Glenwick - Ramptastic bollocks that stinks

Published 696 days ago

Every single Bulletin Board and twitter ramper seems to have a field day with AIM listed Glenwick (GWIK) over the past few weeks - it is the rampttastic cash shell of the moment. This stinks in oh so many ways and why can't these folks do basic maths?

Atalaya at 97.5p worth 192p claims broker Mirabaud

Published 698 days ago

All brokers talk: nonsense/their own book/up corporate clients/up clients they want to become corporate clients. As such all research can safely be ignored. On that basis here is the Mirabaud buy note from today on Atalaya (ATYM) c/o of its PR firm Walbrook. I publish only because I kind of think the story actually does add up.

Day 1 of the 2016 Trading Year, Kill No 1 for the Sheriff of AIM - Touchstone Gold

Published 709 days ago

Readers of this website were repeatedly warned that AIM Casino listed Touchstone Gold (TGL) was a POS ahead of its July 1 2015 suspension. Today the company has been formally booted off the casino in a statement which shows what a total shambles this enterprise was. The curst of Steve Berry lasted well after his "departure"

Inspirit Energy - what happened to your Broker, Beaufort Securities?

Published 711 days ago

Oh dear. This looks horribly like a breach of AIM Rules - perhaps the company (or some avid reader) can help me because I can't find an announcement that Beaufort Securities has stepped down as Broker to AIM-listed Inspirit Energy (INSP).

China New Energy - the fastest pump and dump in history?

Published 715 days ago

This morning at 8.47am F40 AIM-listed China New Energy (CNEL) announced a contract worth CAD$3 million. The shares rocketed on the news, from an open at about 2p to peak at over 2.5p. Thirty-nine minutes later came the dump, in the form of a placing at just 1.5p in a keep-the-lights-on issue which raised just £200,000. Nice work, fellas - I'll bet anyone who piled in on the contract news at up to 2.5p is delighted with their purchase, with the shares now languishing at just 1.725p last seen. This is a disgrace.

We bought some more Reach4Entertainment BECAUSE conman Johnny Hon is involved

Published 726 days ago

This may seem like madness but we increased our holding in Reach4Entertainment (R4E) last week by 50% with another market purchase becuase, not despite of, the way that conman Johnny Hon of Gate Ventures (GATE) infamy has got involved.

Video: Graeme Hatch of Beaufort Securities presents at Gold & Bears November 2015

Published 728 days ago

Our friends at Beaufort Securities acted as lead sponsor of Gold & Bears and for that we are thankful. Graham Hatch from the broker presented his views on the day. Enjoy.

Misleading RNS of the day - Greka Drilling change of Adviser

Published 735 days ago

We've covered AIM-listed Greka Drilling (GDL) before for spinning news (see HERE) and today we have a masterpiece in the dark arts of PR. Whilst what is stated in today's RNS is not untrue, it hardly tells the whole story.

As LGO shares tank to just 0.15p to sell - an odd One Out contest in its honour

Published 736 days ago

Despite Jabba The Hutt tweeting like mad about how cheap shares in LGO Energy (LGO) are, they have crashed again today and are now just 0.15p to sell. Ouch. Only 0.15p to go. In honour of this we have a new odd one out contest. Simply say which of the four pictures below is the odd one out and why.

China New Energy - some answers, but questions remain

Published 736 days ago

Following THIS PIECE at the weekend we have had a communication from Mr Richard Bennett, the independent NED at ShareProphets AIM-China Filthy Forty member China New Energy (CNEL). To remind readers, we were wondering who or what was Sunbird Bioenergy Africa Limited - the outfit with which China New announced a MOU had been signed last week regarding projects in Zimbabwe and Zambia.

The Buy case for InternetQ from the folks who told you to buy Globo 4 days before suspension - Canaccord

Published 738 days ago

Up until it quit as joint broker to the Fareham fraud, Canaccord had its tech analysts urging clients to buy shares in the POS Quindell (QPP). Four days before the Globo (GBO) fraud saw its shares suspended the same monkeys published a buy note on that stock. And now for the hat-trick.

Paragon Diamonds - the silence is deafening

Published 741 days ago

On Friday 20 November, cash-strapped and suspended from trading on AIM pending financial clarification (and now also for having no Nomad or broker) Paragon Diamonds (PRG) announced it had rolled a previous £500,000 loan over into a convertible loan note of £638,750. The terms revealed included that if the company's shares remained suspended for ten consecutive trading days as 16 November 2015 from an event of default could be called by the lender. My calendar says that day ten was Monday of this week.

From Athens with love: InternetQ - my target price is 1 drachma

Published 741 days ago

The Nomad and broker team that brought us the Globo (GBO) fraud from Greece was RBC Capital Markets and Canaccord. This dynamic duo act for another Greek Company InternetQ (INTQ). And here I am - with a hat tip from a good reader - reporting on the spot in the Hellenic Republic with some very hard questions for InternetQ.  The GlobalShortingConspiracy also has agents on the ground in Moscow and Poland as well as myself in Greece. This is, as they say, developing...

Senterra Energy – all very cosy round at Optiva Securities

Published 750 days ago

Tired of acting for shite companies run by David Lenigas? I can’t blame Optiva Securities for feeling that way. Acting for Lenigas Cuba must be a bit of a drag. So why not set up your own shite company and float it. Welcome to Senterra Energy (SEN). Rope in a few mug punters like market abuser Chris Oil to pump it on twitter and off you go.

Paragon Diamonds - Nomad/Broker walks. Is this the end?

Published 750 days ago

This morning AIM-listed (pro tem) Patagon Diamonds (PRG) announced that its erstwhile Nomad and Broker, Northland Capital Partners, had resigned with immediate effect. If no new Nomad is found within a month then Paragon will be booted off the Casino and in the meantime regardless of any resolution to the comapny's financial problems (if that ever happens) the suspension will continue.

Numis ups target price for Berkeley Energy shares from 40p to 100p - you what?

Published 766 days ago

I know that the news from Salamanca last week was big but this big? Big enough for Numis to up its target price for shares in Berkeley Energy (BKY) from 40p to 100p? The shares are now 26.5p? Really?

Corrected: NetDimensions – blow me down with a feather, placing at 60p

Published 769 days ago

Correction: NetDimension is not formally one of the ShareProphets AIM-China Filthy Forty. Apologies are therefore due to the company. Not that it is any great excuse, AIM itself states that NetDimensions' main country of operations is China (see HERE), and the FY14 Annual Report states that its principal place of business is Hong Kong  - hence the confusion. NetDimensions states in its FY14 Annual Report that has operations North America, Europe, Middle East and Africa, Asia Pacific and China and thus is by no means a pure an AIM-China play. My apologies to all. That said.... 

Daniel Stewart - where is the placing? Day 29

Published 776 days ago

On 1 Oct - almost a month ago - shares in AIM-Cesspit poster-boy Daniel Stewart (DAN) were suspended as the company had, for the second year running, failed to publish its accounts on time. The statement issued by the company referred to a funding package, that it [Daniel Stewart] expects to announce shortly, following which it expects to be able to publish its FY 2015 Accounts and resume trading on AIM.

InternetQ – suffering in the Globo fallout, with good reason or not? …

Published 776 days ago

Shares in Greece-originated technology company InternetQ (INTQ) have fallen sharply having closed last week at 218.25p. This has prompted a statement from the company including that “the board would like to advise the market that it is not aware of any undisclosed reason for this decline”. Hmmm…

The Globo Scandal – who is behind Lantau Holdings Ltd, and was the RNS of 14 Sept Market Abuse?

Published 779 days ago

What a staggering set of RNS releases this morning from AIM fraud Globo (GBO). First we have the near admission that the fraud allegations are substantially true. Then we have the resignation with immediate effect of joint Broker to Globo, Cannacord – just as Cannacord resigned the Quindell (QPP) account when the heat was really on. And to cap it all -  the cherry on the icing on the cake - news that Globo’s erstwhile CEO, Mr Konstantinos Papadimitrakopoulos, had been covertly selling down his holding of shares before the arrival of the bear report from Quintessential Capital Management. But when was he selling?

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

Published 779 days ago

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.

Daniel Stewart – the silence is deafening: where’s the placing?

Published 787 days ago

Oh dear, oh dear. On 1 October shares in AIM-listed Daniel Stewart (DAN) were suspended for failure to publish accounts on time for the second year running. In between times it was suspended again after its previous Nomad resigned. Three suspensions in thirteen months does seem to be a tad careless, does it not? But the 1 October RNS told us that The Company is working on the conclusion of a funding package that it expects to announce shortly, following which it expects to be able to publish its FY 2015 Accounts and resume trading on AIM. It is now 18 October. Well, where is it? Are there a few issues going on behind the scenes that we have not been told about?

Hybridian broker note on Optibiotix

Published 795 days ago

We own shed load of these shares and would certainly not be selling at the current 49.5p bid as we expect big news soon and so I offer no comment on this note from house broker Hybridian on Optibiotix (OPTI) out last week. So Just FYI

Please sue me for libel: Jiasen International is an AIM listed fraud from China – interims today

Published 810 days ago

The Bulletin Board Morons want Jiasen (JSI) to sue me for libel. Well let’s make this easy for the Fujian fraudsters. “Jiasen is a fraud and its criminal directors have produced bogus numbers today – its shares are worth 0p.” There is no ambiguity there. Sue me for libel. What is the Chinese for “See you in Court bitchez?”

Global Market Group dies an AIM death – do any of the crony capitalists give a FF?

Published 813 days ago

The Nomad to China AIM casino POS Global Market Group (GMC) was Grant Thornton. It quit on August 21. S with no new Nomad having been announced you would expect confirmation today this its casino life was over. There is no RNS.

SCOOP! Cloudbuy – Arden set to become the new Nomad and Broker

Published 823 days ago

We gather that the Chairman of AIM-listed Cloudbuy (CBUY) has made a few new friends on LinkedIn – much needed after Westhouse Securities’ summary resignation as Nomad and Broker yesterday. Things are looking up, for Mr Duncan has picked up three amigos via LinkedIn who are at Arden. Our money is on this being the new Nomad and Broker.

Cloudbuy – Interims, suspension as Nomad resigns with immediate effect and what about EFH?

Published 824 days ago

A difficult few days, I fancy, over at Cloudbuy Towers. Last week Chairman Ronald Duncan had a margin call from Equities First Holdings LLC (EFH) which prompted an RNS stating that Mr Duncan would settle in cash. Then on Wednesday of this week came an after-hours RNS stating that the Interims had been delayed. This morning AIM-listed Cloudbuy (CBUY) finally released those interims (which were not all that pretty) and then promptly followed up with the announcement that the Nomad had quit with immediate effect. Consequently the shares are now suspended. This has implications for Mr Duncan’s EFH package. It is hard to know where to start!

ShareProphets Exclusive: AIM CEOs speak out on City placement corruption and market abuse – Part 1

Published 847 days ago

AIM Regulation and the FCA’s inability or unwillingness to tackle rampant market abuse involving the illegal forward selling of placements on AIM has cost companies and shareholders hundreds of millions of pounds. The problem has become so widespread that it is widely seen as the cost of doing business in the lower reaches of the market. This is unacceptable and two current CEOs of AIM-listed businesses have spoken out about the parlous state of play.  Below I share the first testimonial, given on the condition of anonymity.

The Camkids FRAUD – An Open Letter to Cairn Financial, Beaufort and AIM Regulation – suspend shares in Jiasen NOW!

Published 855 days ago

Earlier today we demonstrated quite clearly (HERE) why Camkids (CAMK) has committed accounting fraud and why the statement of yesterday just does not add up. We have been saying that this company is a fraud for months and months and that is now clear to all. The local auditors of Camkids and the now delisted fraud Naibu acted for two other AIM stocks, one of which is Jiasen (JSI). It is also a fraud and we call for an immediate suspension of its shares as well.

Galileo Resources at 1.25p – worth 2.8p?

Published 861 days ago

Okay this is a note from a house broker so pinch of salt time, but an implied upside of well over 100% for shares in Galileo Resources (GLR) is worth checking out. And, given the recent sharp spike in the share price at Jubilee Platinum (JLP) it could be argued that the chairman of both companies, Colin Bird, is on a bit of a roll.

Poor Phorm – what a bullshit trading statement/pre placing ramp – look at the pattern

Published 894 days ago

AIM casino cash munching machine Phorm (PHRM) today served up an “operational update” which is a load of bullshit in itself but what that means is that a placing will happen within days. Just look at the pattern.

Sefton trying to raise £500,000 to £1 million at 0.12p - time to 'fess up scumbags?

Published 913 days ago

We all know that Sefton Resources (SER) is running out of cash fast - it is down to £250,000 which is not enough to cover either its legal bills in fighting Jimmyliar Ellerton's spurious legal claims or the legal & AIM cash costs of doing a trasaction, if indeed it is able to do one. And so when's the placing?

Arria NLG – another disaster for the AIM Casino & it shows that IIs are as thick as the rest of us

Published 958 days ago

This is a stonker of an AIM casino disaster – a story of greed, stupidity, investors being misled and,  as it’s the AIM casino, of private investors taking an almighty rogering. Meet Arria NLG.

Insider dealing at e-Therapeutics – let’s see if AIM Regulation and the FCA are awake today

Published 1021 days ago

e-Therapeutics (ETX) has just issued this statement about the >35% jump in its share price in the last few days. In short, its board has admitted that it thinks price sensitive information has leaked from the company. “Big deal”, I hear our regular readers cry, “this is what we expect on AIM”. Sadly I have to agree with this sentiment, but this instance of seemingly clear-cut insider dealing has caught my eye. This is because, on this occasion, the London Stock Exchange’s AIM Regulation team and Financial Conduct Authority should have an easy time of catching the culprit or culprits. That is, if they are awake. It is, after all, Thursday afternoon.

5-point plan for the reform of the regulation of AIM from the Deputy Sheriff

Published 1032 days ago

Following yesterday’s piece on this subject, I cannot help but stick my oar in too! Some great ideas there, but I do have a couple of reservations as outlined below, before I put my suggestions forward.

EXCLUSIVE: Tern – A $75 million Valuation of Cryptosoft? NOOOOOOO! It is $75,000!

Published 1073 days ago

I am horrified! Take careful note, anyone invested in Angus Forrest’s Tern plc (TERN) You see, reading through the bulletin boards for Tern on ADVFN and elsewhere, much ado has been made of an apparent valuation by an American outfit called Signal Hill, which published its “Q3 2014 Security & Risk Market Snapshot” pre Christmas. In that document, Cryptosoft was described as having an Enterprise Value of $75 million. Did that make Tern the most massively undervalued stock in history? No!!

Zytronic plc – full-year results reward investors, but still value?

Published 1097 days ago

I wrote on Tyneside-based developer and manufacturer of touch sensor products, Zytronic plc (ZYT) in September post a positive trading update – concluding that, at 255.5p, the shares still looked decent enough value. The following updates post the company having now announced results for its year ended 30th September 2014 - and with the shares now approaching 300p.

ValirX – an apology, it is a POS but

Published 1104 days ago

In today’s BearCast I suggested that ValiRX (VAL) might be suspended as its Nomad was Daniel Stewart and it needed a new Nomad and that no Nomad with any degree of integrity would take on this utter POS company. I apologise for one error in that assertion. 

Naibu: Even House Broker Daniel Stewart Gives Up, forecasts, stance, targets all suspended

Published 1114 days ago

Daniel Stewart earns £6,250 + VAT pcm for being Nomad and broker to China fraud Naibu (NBU) – it needs the cash. But its latest note from respected analyst Simon “Wincey” Willis shows that even it has had enough. All forecasts, recommendation and target price have been withdrawn. It seems that even Daniel Stewart is alarmed by this total joke for reasons I explained yesterday HERE.

Hey Cenkos – what about that director equity “loan” with Angle?

Published 1129 days ago

Well, done, Cenkos. As Nomad you appear to have forced a bit more truth out of your client at Quindell. But you are also Nomad (and Broker) to Angle plc (AGL).

ShareProphets Exclusive: Bucket shop market abusers find new way to steal from private investors

Published 1145 days ago

Private investors on AIM are used to watching millions wiped off the value of their investments by the illegal forward selling of placements, followed by gratuitous discounts forced by brokers. Not content with the scale of their illegitimate profits, it now looks like the market abusers have struck upon a new method of stealing from shareholders. It’s come to our attention that certain bucket shops are demanding a sizeable percentage of brokers’ fees for participation in placements. Sadly, we have been made aware of at least one broker, which is playing along with this outrage. This helps explain the mystery of the increasing number of stocks we’ve watched trade below placement prices, immediately after the completion of fundraisings. Even by the abysmal standards of AIM’s cesspit, this revelation is a new low.

AIM – A Crisis In The Making

Published 1146 days ago

Over the past months we have seen an astonishing array of articles clearly demonstrating that company directors, Nomads, Brokers, Auditors – just about every profession involved in running AIM-listed companies – have  broken rules or been negligent in performing their duties. Tom’s ongoing exposee on Quindell (plc), Daniel Stewart (broker and Nomad), KPMG (auditor to QPP) are recent examples. Ben Turney’s revelations about New World Oil and Gas show the most extraordinary behaviour by its management and by its Nomad – and now Broker – Beaumont Cornish. I’ve been a right old bore about Digital Learning Markerplace plc from 2012 which has posed questions about its management, Broker, Nomad and Auditor. There are more. Many, many more.

ASOS plc – is the consensus broker view wrong again?

Published 1147 days ago

Having reviewed results from ASOS plc (ASC) for its year ended 31st August 2014 myself HERE, the following takes a look at broker views of the announcement and what the shares are worth.

New World Oil & Gas – Roland "Fatty" Cornish pins his colours to the mast of the sinking ship SS POS

Published 1161 days ago

After months of painstaking investigation by our very own Ben Turney, yesterday, New World Oil & Gas (NEW) finally fessed up that it had sent 1 million Euro to a fake Sheikh and will struggle to get it back, admitted that it was in dire financial straits and its broker Shore Cap quit. But it still has one good friend, Roland “Fatty” Cornish. of the fine firm Beaumont Cornish.

Daniel Stewart shares still suspended – shock picture from its IPO Department Revealed: Another Caption Contest

Published 1164 days ago

Shares in Crony capitalist Nomad and broker Daniel Stewart (DAN) remain suspended on the AIM casino as the financially challenged enterprise has still failed to get its accounts signed off and published. While we wait we have managed to obtain an exclusive image of its IPO Department. This is the part of the firm that brought you winners like Quenron (QPP), Naibu (NBU) and China Chaintek (CTEK), made £1 million raising cash for Globo (GBO) but could not quite manage to float China fraud Fraspens in August. So what will be its next offering?  I ask you by midnight tonight to post a suitable caption below.

Daniel Stewart – what a total joke: shares suspended

Published 1169 days ago

Daniel Stewart (DAN) earns its living as a Nomad and broker to AIM listed stocks. That is to say it charges fat fees for advising them on how to play by the AIM rules, for listing them and for raising money for them. It has no standards so was responsible for bringing Quindell (QPP) to the Casino and also acts as Nomad to China fraud Naibu (NBU) and tried to float China fraud Fraspens in August but seems to have failed. Today Daniel Stewart’s shares have been suspended.

Daniel Stewart talks TOTAL COCK re China Chaintek

Published 1178 days ago

I am sorry to say this but the research note published this morning by my friend (well he used to be) Simon “Wincey Willis of Daniel Stewart on China Chaintek (CTEK) is a total disgrace. I assume Wincey has been leaned on to justify what is obviously a fraud because Daniel Stewart is earning such vast fees as Nomad and broker to Chaintek. Wincey is a good and honest man and hence he drops covert hints that he thinks Chaintek is junk but  I urge him to stand up to the reality that Chaintek and Naibu are engaged in fraud. He should explicitly tell clients to sell, even if that means that Daniel Stewart fires him. Simon do not sell your soul in this way.

iomart Group - takeover off, where now for the shares?

Published 1182 days ago

Commenting on the announcement of a bid approach for iomart Group plc (IOM) I concluded that ‘the price action suggests that shares in iomart would materially drop back on a takeover agreement not now being reached and, whilst the long-term investor may be content to hold, those with a shorter-term horizon should be cognisant that a financial interest here currently looks to effectively be a bet on whether or not a takeover can be agreed’. The following updates with the offer talks now terminated and the shares, having been over 280p, currently trading at 226p.

Winners & Losers from the Naibu fraud: Daniel Stewart & Shareholders

Published 1182 days ago

This is not my dynamite revelation, I merely set the scene…China fraud Naibu (NBU) floated on the AIM casino in May 2012 at 124p. The shares are now 19.5p. So UK shareholders have lost 5/6 of their cash in less than 18 months. So who are the winners from this farce? Well let me introduce to its Nomad and broker Daniel Stewart. This will appall you and perhaps explains why Daniel Cesspit (which also floated Quenron) is trying not to resign.

The Naibu fraud – two critical questions and tests of integrity for Daniel Stewart as the stock heads to 0p and/or a delisting

Published 1187 days ago

Apparently at 31p shares in Naibu now trade on a 2015 and 2015 PE of c0.7. Any stock trading on such a rating is either the cheapest stock on this planet or an outright fraud, a Norfolk. Naibu is a fraud. My target price is 0p and this stock will lose its Aim listing soon. It could be very soon. If Daniel Stewart, nomad and broker to this POS – and the firm that listed Quenron – had any integrity it would resign at once as Nomad and broker. As such I ask two questions of Daniel Cesspit.

The Naibu Norfolk – house broker slashes target price by 75% and rates as a “corporate hold” – nonsensical note

Published 1188 days ago

I feel rather sorry for my old pal Simon “Wincey” Willis the analyst at Daniel Stewart, house broker and Nomad to Chinese Norfolk Naibu (NBU) as he has been forced this morning to publish a note that he knows is nonsensical.

Zytronic plc – shares up 15% on trading update, but still value?

Published 1190 days ago

Shares in Tyneside-based developer and manufacturer of touch sensor products, Zytronic plc (ZYT) currently trade approaching 15% higher today, at 255.5p, on the back of a trading update stating that “the board now expects pre-tax profit for the full year to be significantly above the market consensus”. Is this discounted in the now share price?

Perform Group – takeover offer serves as a useful reminder

Published 1199 days ago

Shares in sports content commercialisation group Perform (PER) currently trade 26.5% higher today, at 257.7p. This is on the back of an announcement from the group, which said that its previous majority owner and current 42.5% shareholder is to make an offer to acquire the remaining shares in Perform, which it does not already own at 260p each. This is conditional on it increasing its holding to more than 50%. I review this news below.

Dillistone Group – AGM trading statement & contract win: still a buy?

Published 1210 days ago

I first commented on recruitment software group Dillistone (DSG) on this website in June last year – concluding that the shares at 78.5p looked decent value for income seeking investors. I most recently updated in February – being more cautious with the shares having then reached 116.5p (see HERE). Currently at around 100p, the following updates with the company having updated on trading in June and more recently announced the signing of a contract with a ‘Fortune 50’, “major global corporation”.

Open Letter to Peter Shea CEO Daniel Stewart cc AIM Regulation re Quindell & fraud

Published 1214 days ago

Peter Shea is CEO of Daniel Stewart a firm that listed Quindell (QPP), acted as its Nomad and broker from May 17 2011 to January 31 2012 and which was paid handsomely in cash, shares and warrants for its efforts. As Nomad to Quindell it was responsible for ensuring that it did not do things such as hand cash to pals of Rob Terry or lie to shareholders but did it do its job?

Naibu – Daniel Stewart pumps out buy note but will not answer critical question – target price cut to 0.0000001p

Published 1224 days ago

Following the comical trading statement from AIM listed POS China joke company Naibu (NBU) earlier this week – see HERE - Broker and Nomad to this Norfolk, Daniel Stewart, has published a buy note but refuses to answer my utterly critical question. The shares have slumped to 43.5p putting them on a PE of 0.95 and a yield of 13.8% if you believe the forecasts. I do not and am thus slashing my target price from 1p to 0.0000001p and will reduce it further if Daniel Stewart cannot answer this question:

Domino’s Pizza Group – a mixed taste in post-results views

Published 1227 days ago

Shares in Domino’s Pizza Group (DOM), at just over 540p, are now little changed on recent pre-results announcement levels. This follows a mixed reaction to the company’s results for the 26 weeks ended 29th June 2014, which the following reviews. Is it time to buy back in?

Redhall – another AIM Cesspit zombie: what is the point?

Published 1230 days ago

Another day and yet another profits warning from AIM listed specialist engineering group Redhall (RHL). This is a zombie company in that from an investor’s point of view it is just dead money. But it supports an army of crony capitalists, directors and various City parasites.

Phorm – why won’t you tell the truth about Brazil – you crony capitalist bastards?

Published 1238 days ago

As I have noted before Phorm is now weeks (3 weeks I make it) from going tits up having sent $340 million of OTHER PEOPLE’s MONEY to money heaven and blown £10 million since March alone. As it tries to raise fresh equity it is still lying to investors about what went wrong in Brazil and Romania and City firms Mirabaud and Strand Hanson are complicit in this.  Yes I used the word lying. Will Phorm please sue me I want to see you in court? You are liars. Liars. Pants on fire. Geddit? And Mirabaud, long term broker to Phorm you appear not to give a flying fuck about integrity as long as you get your commission. How do you sleep at night you greedy and unpleasant dirtbags? Any PLC retaining Mirabaud as its broker or Nomad should be aware that it is in bed with a disease ridden hooker.

An open Letter to AIM Regulation: Please Investigate Mirabaud Securities, Canaccord and Phorm PLC (again) – was there market abuse?

Published 1243 days ago

I am sure that AIM Regulation now know full well who Phorm (PHRM) PLC are. But following my revelation’s earlier today HERE I have asked my good pals to investigate whether Phorm PLC but also Mirabaud Securities (broker) and Canaccord (Nomad) were guilty of market abuse in 2011 and 2012 or of extreme negligence or both or neither.

dotDigital Group – Growth v. Value, worth a flutter?

Published 1247 days ago

dotDigital Group (DOTD) has announced that it is “extremely pleased” with its performance as “a result of continued strong organic growth in the high margin and long-term recurring revenues generated by our core email marketing product, dotMailer”. But are the shares a buy at 33p?

Stanley Gibbons: Buy at 278p – target 400p

Published 1265 days ago

In the wake of 15 month results out today from stamp and coin retailer Stanley Gibbons (SGI), the house broker Peel Hunt has published a buy note at 278p with a 400p target.

Alkane Energy at 43.5p worth 54p?

Published 1284 days ago

Alkane Energy (ALK) shares have reacted well to the sale of assets to Egdon Resources (EDR) but is there still upside at 43.5p? Broker VSA reckons so, arguing for a base case valuation of 54p a share in a long and detailed note.

Independent Resources – The Pump and the Dump (on mug punters)

Published 1293 days ago

This is just par for the course on the AIM Cesspit – today’s less in how crony capitalism sees private investors shafted on a daily basis comes from the toerags at Independent Resources (IRG). This is just shocking.

AIM Cesspit Awards 2014 – New Category Announced: Advisor of the Year

Published 1297 days ago

We give thanks to Comrade Somerville of the 1st Oxfordshire Regiment of the Peasants Army who has come up with a cracking idea for a ninth trophy to be awarded at the AIM Cesspit awards 2014 ceremony on June 30th "Advisor of the year"

Madagascar Oil – First Crude Exports, VSA say shares, at 17.375p, worth 70p

Published 1300 days ago

AIM listed Madagascar Oil (MOIL) this week announced that it had received permission to begin a six month test export programme of crude from Tsimiroro – its flagship asset.

Trusting in AIM?

Published 1305 days ago

I think that you must be aware by now that I have major concerns about the way that AIM operates. The way that money is raised is bad enough in that it creates two classes of investors. The amount of shareholders cash spent on share promotion as opposed to creating value is alarming. But my real gripe is that companies appear able to tell outright lies and get away with it.

EMED Quarterlies - Buy

Published 1308 days ago

EMED Mining (EMED) has announced results from a “transformational” quarter – in which it received the Unified Environmental Authorisation for the Rio Tinto copper project in Spain , and shortly after was granted ‘Administrative Standing’. So are the shares cheap? Yes.

Restore - a cracking share tip revisited: what next?

Published 1311 days ago

Restore plc (RST) has announced a £0.4 million acquisition of Filebase Ltd, a provider of records management and secure shredding services, predominantly in the north-east of England. Following the £4.6 million acquisition of a similarly focused company - Magnum Secure Ltd – last month, the following updates on a company that has been highly successful since Tom and myself started covering it some years ago.

ShareProphets

About ShareProphetsTerms of ServiceForgot My Password
Contact UsPrivacy PolicyForgot My Username
Advertise With UsCookie PolicyResend Account Validation Token
Send Us A Tip

Data by ADVFN / Site by Everywhen /