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
Tom Winnifrith Bearcast - classic cars, Begbies rad flags, insider dealing and Carpetright - it is all ending in tears
Published 81 days ago
Shares in uber-ramped Echo Energy (ECHO) were suspended today after a sharp share price move on Friday forced an admission from the company. Hmmmm, heavy share dealing just before a big announcement. But this is AIM, the world's most successful growth market so that is just a total coincidence just like it always is on the casino. Move along gents..nothing to see.
Published 103 days ago
I’ve been on holiday for a week in Italy (funnily enough) and am just catching up on a few interesting pieces of news and thought I would comment on the Saffron Energy (SRON) deal with Sound Energy (SOU) that was announced last week. Makes a lot of sense in many ways but I am disappointed by the scale of the James Parsons-led ramp that has started already supported in all the usual places.
Published 108 days ago
We have warned you often enough that the valuation of Sound Energy (SOU) is que absurd even though the shares, at 55p, are well off 99p year highs. Still anyone not using today's "news" from Morocco as an opportunity to sell is nutso. Here is how a leading broker called it:
Published 199 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.
Published 200 days ago
Shares in Echo Energy are off by 5% at 14.5p mid today on the back of the bad news on the drilling front from Sound Energy (SOU). But do they have further to fall? On fundamentals yes they do.
Published 201 days ago
Some folks are just lazy fucks. The team round at PR crony capitalists Vigo Communications who charge an arm and a leg for spinning for Sound Energy (SOU) appear to be such folks, as they put together today's disastrous press release using cut and paste. It starts "Sound Energy, the African and European focused upstream gas company, is pleased to provide an update on the drilling of the Badile exploration well, onshore Italy.". With what followed I bet the ranch that Sound was anything but pleased. Hint: the shares have crashed by 30% to 54.25p in early trade.
Published 210 days ago
My second piece on insiders cashing in and odd TR-1’s is, very predictably, looking at Echo Energy and, in particular, the two late RNS’s on Friday afternoon which show that the “Cornerstone Investor”, Greenberry plc, is offloading shares and warrants all over the shop and appears to be almost giving them away too – what a charitable sort! Let’s take a look.
Published 231 days ago
Primary Bid's latest offer is its first non AIM placement. It boasts this as an achievement. But the company is Toople (TOOP) a proud member of Cynical Bear's Sub Standard XI. It is a dog and while I urge you all to join Primary Bid now HERE, I also urge you not to take up this offer.
Published 233 days ago
It’s not often that I comment on an RNS entitled Total Voting Rights, but I had been waiting for yesterday’s RNS from Echo Energy (ECHO). In my view, there has been an abuse of AIM rules, or, at the very least, the spirit of the rules, and I believe Echo has just one simple aim, namely to keep the average PI in the dark for as long as possible to enable certain parties to cash in big. Please allow me to explain.
Published 241 days ago
My last piece rather naively thought that Echo Energy’s (ECHO) new institutional equity investor, Spartan Fund, or Pegasus Fund as it became, would want to put its funds in at a fair valuation and thought the share price would go down. I was wrong and must assume that it is all part of the connected group of institutions and individuals here that have led to an insane valuation that appears to indicate that the mere mention of James Parsons is worth £100 million. That is nonsense and this is a massive sell.
Published 274 days ago
I’ve been scratching my head over the funding plans announced by the newly re-named Echo Energy (ECHO) earlier this week as there is an unusual aspect to it and can’t believe that the share price won’t drop in the short term as a result. Let me explain.
Published 297 days ago
I’ve been bearish on the valuation of Sound Energy (SOU) for a while now, and nothing in the updates this week on Tendrara or its final results have changed that opinion. Don’t get me wrong, I can certainly see potential in this company, and it has done well to turn things around and get to where it is currently, but I still think that it is crazy that it is trading at a market cap of well over £500 million at this point in time.
Published 312 days ago
No doubt the spivs are on the ramp again but shares in Independent Resources (IRG) have dived by 30% to 0.415. That is because the stock has today on ex-rights on the open offer announced today. If you buy now you do not get to take part in a 2 for 3 offer at 0.065p! So do the maths again.
Published 319 days ago
Shares in Independent Resources (IRG) are up 569% today. I know James Parsons of Sound Energy (SOU) has joined but this is insanity, a rampfest by many of the usual suspects. Just do the maths! If you cannot I can do it for you in his bonus podcast.
Published 422 days ago
I will not be. As far as I can see the current market cap of £450 million is borderline insane and certainly not justified by the fundamentals. So I don't blame Sound Energy (SOU) at all for raising cash at this level. If folks want to pay up, the company would be crackers not to let them. But some will disagree.
Published 529 days ago
One of the biggest red flags of a company being ridiculously over-priced is its directors selling shares, and that certainly looks to be the case with Sound Energy (SOU) following its after hours RNS!
Published 1205 days ago
When I last wrote about Sound Oil (SOU), I suggested the “valuation looked stretched”. People lined up to disagree with me, not least Brokerman Dan. The problem with the rebuttals is they just sounded like the same tired old lines trotted out about countless resource stocks on AIM, all promising heavenly riches. And we know what happened to the overwhelming majority of them. Despite my cynicism, I was approached by a friend of Sound Oil’s asking if I’d talk to CEO James Parsons to hear his version of the story. Earlier in the week I caught up with Mr Parsons and there could be more to this company than I initially thought.
Published 1264 days ago
Ben Turney is entitled to his view on Sound Oil (here) but he is wrong. Take it from the man from the Manc slums. I own the shares and this is why Sound (SOU) will make money for Brokerman Dan.
Published 1267 days ago
Tom and I have recently published a new e-book, “The 49 Golden Rules of Making Money from Oil, Gas and Mining Stocks”. Over the last few months, Sound Oil (SOU) has provided a perfect case in point for several of our Golden Rules. Back in the spring, when the shares traded hands between roughly 4.6p and 6.9p, this could have been a wonderful stock to buy, based on the company’s success at Nervesa. Thorough research and good timing would have definitely paid off. Today, however, at 12p (last seen) and a market cap of £49.84million, the risk/reward balance appears to have tilted more towards the risk side of the equation, despite the progress the company has made. And if you don’t believe me about this