The December 2017 edition of the UK Investor Magazine is now live: What will Father Christmas be putting in the stockings of the writers of ShareProphets, nine share tips , plus sexism at the BBC
Published 94 days ago
Roger Lawson of ShareSoc bought a few shares in Rosslyn Data (RDT) as a recovery punt in a placing. That he was able to get EIS relief added to the attraction although I still worry he will lose money on this company which I have highlighted many times (HERE) as a howling dog even by the standards of AIM. Lawson attended the AGM yesterday and reports back on what appears to have been a curate's egg in his mind. I think he is being well generous.
Published 186 days ago
Oh dear, Oh dear. As predicted here many times it has not ended well at House of Britannia, the company established by serial shyster Simon Petherick. An administrator was appointed on 29 June. Now for the roll call of fame.
Published 259 days ago
I wrote about the rather unexciting merger between Schoold and Lingo Media that FastForward Innovations (FFWD) announced in March (HERE) but with Lingo Media recently issuing its full year results, I felt it merited an update. They don’t make great reading and I’m beginning to wonder whether the deal will actually go ahead.
Published 648 days ago
Having last month announced a smaller investor shafting (sorry, a “equity fundraising of up to £5.0 million”), Surface Transforms (SCE) has updated on a revised extent of the shafting…
Published 651 days ago
The March edition of UK Investor Show magazine is now live featuring Tom's interview with Peter Hambro, chairman of Petropavlovsk, five tips, company profile on SafeStyle, how to make money from EIS shares, 5 share tips and more. You can download your free copy below.
Published 671 days ago
Well this is very annoying, and a result of new rules brought to the EIS scheme. I’m sure that AIM-listed Scancell would have much preferred that it were not the case, but it seems that EIS reliefs can only be applied for by investors who had previously bought EIS-qualifying shares and are now looking to take up their Open Offer entitlements.
Published 673 days ago
It has been too long since I revisited AIM-listed biotech Scancell (SCLP). Much has happened since I picked it as a share for 2015 but it is egg-on-face as the shares have more than halved, with (so far) no value-enhancing corporate deal on the table. The clinical trial on the company’s lead product, SCIB-1, is done but there have been funding questions – correctly called by Tom Winnifrith. Now we have an EIS-qualifying open offer on the table alongside a placing, with some detail of plans going forward. Still holding my shares, the question is what to do?
Published 716 days ago
Optibiotix (OPTI) yesterday announced that it had raised £1 million at 78p. It saw this as a triumph in that the investor is an EIS fund which approached it. So the shares will be held for three years and not flipped.
Published 774 days ago
This is ShareProphets writer and head honcho of the Steam Oil Company, Steve Brown presenting at Gold & Bears. Steve is currently doing an EIS fund-raising for his company and my Mrs is in. To read more about Steam Oil and details of the fundraise go HERE. Meanwhile enjoy the video.
Published 800 days ago
I have written lots of articles here but this one is a little different, this one is all about our company – The Steam Oil Production Company Ltd. I’ve mentioned us now and then and I’ve also written about steam flooding technology and its potential, but this time I’m going to tell you a lot more about us. There is a good reason for that and it’s because we are looking to capitalise the company so that we can take the company forward.
Published 1058 days ago
For higher rate taxpayers EIS investment can be incredibly attractive given the huge tax breaks it offers. But it is also a potential minefield. ShareProphets has a free guide to EIS which you can obtain by downloading the form HERE. But as a taster…
Published 1098 days ago
Get the first ShareProphets Pocket Guide ebook, EIS - Buying shares with numerous tax breaks. Want to cut your income tax bill in 2015, get loss relief if your AIM listed shares go down, pay no CGT, avoid IHT - EIS could be the way and this book explains how
Published 1100 days ago
I’ve already scotched a few rumours and outright untruths about Tern plc (TERN) HERE, HERE HERE and HERE and Tom Winnifrith has added to the opprobium several times, in particular HERE. But in the wake of a ‘clarification’ RNS which appeared to seek to set the record straight, Tern’s company chairman, Mr Angus Forrest, is STILL misleading his investors by giving an overstated impression of Tern’s beneficial ownership of Cryptosoft. I would suggest that this amounts to Market Abuse. It is a disgrace. The FCA and AIM Regulation need to act now to stop this. It is an affront to all the regulatory systems in place to make sure that the market is told the full truth!
Published 1135 days ago
Today I start a new feature here on ShareProphets as I look into the world of Venture Capital Trusts. Traditionally the VCT season tends to run between the New Year and the end of the tax year so I thought I would scrutinize some of what is on offer as the promotional bumph starts to hit the doormat.
Published 1152 days ago
Get the first ShareProphets Pocket Guide ebook, EIS - Buying shares with numerous tax breaks. Want to cut your income tax bill, get loss relief if your AIM listed shares go down, pay no CGT, avoid IHT - EIS could be the way and this book explains how
Published 1202 days ago
Tom Winnifrith now has FOUR books all written within the past year on sale on Amazon. Together they cost £29 but you can order all four for FREE today.
Published 1220 days ago
English wines and beer maker, Chapel Down Group (CDGP) will within the next week complete a £1 million crowdfunding fundraise at 28p per share. But it is EIS eligible so if you are a higher rate taxpayer you effectively pay 19p and – ok – you have to hold for 3 years – but you will pay no CGT. Frankly this is a nil brainer.
Published 1273 days ago
The EIS scheme was established by the Government to encourage us all to invest in smaller companies. There are huge tax breaks on offer for those who use EIS. It is not simple but anyone can use EIS, so if you want to find out more…
Published 1276 days ago
The Enterprise Investment Scheme was designed by the Government to provide investors with an incentive to invest in smaller unquoted companies. Unquoted in tax terms covers most AIM and Plus quoted shares.
Published 1301 days ago
We are pleased that Angus Forrest has given his side of the story with regard to what went on at DLM in 2012 - HERE. Whilst we believe his explanations fall short of satisfactory, at least he has taken the time and trouble to respond to some of the questions raised but we still call for the noose. Answering his points in turn…
Published 1328 days ago
Mild mannered music teacher turned forensic corporate investigator Nigel Somerville continues his series into events at Digital Learning marketplace (DLM) now Alpha Returns (ARGP) – the noose is tightening on a number of City folk, careers are set to be terminated by these shocking revelations.
Published 1333 days ago
We continue our 5 part series on the tale of Digital Learning Marketplace, now Alpha Returns (ARGP). This is a simple tale of crony capitalism, the transfer of wealth from the many to the few. But was it all legal? Were investors lied to? The plot thickens as we meet Angus Forrest.
Published 1334 days ago
A cautionary tale of woe from the AIM Cesspit, a new five part series begins today...