Results

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Published 13 hours ago

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LightwaveRF – why’s new route to market news really so “fantastic to confirm”?

Published 13 hours ago

LightwaveRF (LWRF) has announced “its next generation Apple HomeKit certified product range, for controlling smart devices with iOS apps and Siri voice commands, is now available to purchase via the Apple Online Store”, with CEO Andrew Pearson stating this “fantastic to confirm”. I bet it is…

Avanti Communications - time for this worthless piece of crap to fess up?

Published 15 hours ago

Avanti Communications (AVN) is now operating without its founder and, until recently, its CEO, the king of the uber Welsh ricks David Williams. Say what you like about a man with an ego the size of Powys, but he was a good bullshitter. Without him keeping the plates spinning and proimising everyone jam tomorrow, the drowning in debt satellite company which never hits any of its targets, would have been toast years ago.

Ubisense – placing, more to support growth plans or needed to strengthen the balance sheet?

Published 2 days ago

Arguing it is positioning “to capitalize on significant projected increases in spending” as suggested by it having “reported a strong set of financial results for the six months ended 30 June 2017”, Ubisense (UBI) “is pleased to announce it has raised £5.5 million (before expenses) from a placing in order to support growth plans and strengthen its balance sheet”. Hmmm, let’s review…

Another shocker from Crowdcube, another nail in the coffin for Purplebricks

Published 2 days ago

Yesterday I flagged up the crazy valuation of Doorsteps.co.uk and how, egged on by some misleading marketing, it had managed to raise large sums on crowd funding website Crowdcube. Thus it now has cash - which it will burn fast on its flawed business model - but which will put even more pressure on prices and volumes at Purplebricks (PURP). Sadly it is not an isolated case. Meet I Am The Agent Limited.

Cloudcall – little more than a year after the last, another placing “to capitalise on near term growth opportunities”. Hmmm…

Published 3 days ago

Last year I noted Cloudcall (CALL) going from ‘clearly enough cash to reach break-even’ to £3.77 million placing in less than 5 months. It stated on that placing that it would see it able to capitalise on “near term growth opportunities, without the working capital constraints which have hitherto restricted our rate of growth”. Just over a year later though there’s now a “proposed placing to raise £5.7million… to capitalise on near term growth opportunities”. Hmmm…

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

Published 3 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...

Falcon Media House: Funding confirmed – a £3.4 million death spiral!

Published 3 days ago

I last wrote about Falcon Media House (FAL) at the end of July following its year-end results (HERE) in which it stated that more funding would be needed despite only coming to the market in March. This morning it announced the form of such funding and it’s not pretty.

Nuformix: “Aberdeenman”, the LSE’s very own Daddy McPig is wrong again – listen to him at your peril

Published 3 days ago

I was excited to see how Nuformix (NFX), the renamed company previously known as Levrett, would perform on debut yesterday as the LSE’s bulletin board in-house expert was predicting great things. Alas, it was all a bit of a damp squib but let’s hope at least that he managed to take a bit off the table during his ramp though.

Dial into this Bruised Telecoms Giant and You may Ring Up a Ting-a-ling Profit

Published 3 days ago

Hello, Share Twangers. A share which has given me a lot of pain, though (thankfully) I don’t think I’ve recommended it to you very much, is a telecoms giant which has seen better days. In fact, under two years ago the shares touched a fiver. Nowadays, they are less than three quid. But analysts at Barclays have just repeated their fairly long-standing target of 450p, which would cancel a big chunk of my loss.

Operational Update from UKOG - 100% ramptastic shite, placing ahoy red alert

Published 4 days ago

The shares are tanking said the PR man to lyin' Steve Sanderson, CEO of UK Oil & Gas (UKOG). How will we get the bailout placing away? I know said Lyin' Steve, let's put out a ramptastic operational update. And so lo and behold Lyin's Steve issued the release and the Bulletin Board Morons fell for it (again) and the shares zoomed from 4.05p to 5.35p-5.4p. It is placing ahoy.

African Potash litigation update - now almost 100 claimants

Published 4 days ago

There is another update on the potential claim against Nomad Cantor Fitzgerald for its negligence in allowing the fraud African Potash (AFPO) to post utterly untrue statements to ramp its shares ahead of a rescue placing. Peter Petyt who is co-ordinating a claim for more than 100 aggrieved shareholders writes:

Tom Winnifrith Bearcast: The FT takes dictation from PR man for Telit again and spouts hogwash ... and other morons

Published 4 days ago

Remember when the FT said Inmarsat (ISAT) was going to bid 140p a share for Avanti Coms (AVN) then at 30p now at 7.26p offer? Today it had a scoop on Telit (TCM) which the company has commented on. There is a grain of truth in the FT scoop but so much of what it writes is just PR spin as I demonstrate in this podcast. I hope the journalists responsible feel soiled and dirty. As for Telit I explain the various scenarios and why the downside is huge whatever happens. I cover UK Oil & Gas. A moron reckons he is going to make money by not paying to read ShareProphets and buying more UK Oil & Gas shares instead. Since his silly email the shares have lost another 14% and are now 4p bid. Next stop 3p then 2p then whatever. Truly the moron will be rich. Not. Then I rant about how troubled Interserv (IRV) lied to investors regarding the reason why its FD left and why that matters. 

Purplebricks - that race to the bottom: meet Doorsteps.co.uk & flog your house for £99

Published 4 days ago

Will Purplebricks (PURP) ever generate real profits from its UK Business? No. I have noted before that its business model is flawed and one reason is the race to the bottom on pricing. Meet the UK's 18th largest estate agent, Doorsteps.co.uk, and flog your house for just £99.

Augean – “Board Changes and Trading Update”; as suggested, it has got worse

Published 4 days ago

Writing on waste management group Augean (AUG) previously in August, I stated harmed by HMRC assessment… and worse to come? Well, there is now a “Board Changes and Trading Update” announcement…

CityFibre is yet to prove that it can be profitable

Published 4 days ago

CityFibre (CITY) is one of those companies where I really struggle to see how the market cap is justified, even allowing for future potential and growth prospects. I covered the company bearishly around a year ago when two of the directors offloaded some of their shares when the price was 63p – albeit that they didn’t hold many of them anyway.

Tom Winnifrith Bearcast - I agree with Luke Johnson on shite small cap research

Published 5 days ago

I start with a look at the poverty of small cap coverage in the Sundays but then in general. Just where can you get quality objective material on AIM shares? Then responding to Malcolm's what he looks for in shares to buy, I go through a good look at what I look for in shares to avoid or short.

Stronger nickel prices will help Horizonte Minerals reach production

Published 5 days ago

Nickel prices have performed strongly in recent months and are currently up around 30% from the lows which they hit during the early part of the summer.

Telit: six reasons why the shares are still heading to 0p

Published 5 days ago

Having bottomed at 105p, shares in Internet of Things/blatant fraud Telit Communications (TCM) bounced to almost 200p but have now slid back to 157.5p. Here are six reasons why they are going to head sharply lower in the next three months and will in due course go to zero.

James Rickards: War With Korea Inevitable A Black Swan Looms, sell shares buy gold

Published 5 days ago

This is the second time this year Jim Rickards has predicted a major stockmarket crash. Maybe he will be right this time. In this podcast Jim discusses how most financial concepts are easy to understand. Dollar and gold are an inverse relationship, and gold has dropped due to recent dollar strength. Throughout 2016 and 2017 the dollar has been weakening. The Euro has risen against the dollar, and this weaker dollar has translated into higher prices for gold.

Vela - Interesting new investee in Portr. shares cheap

Published 5 days ago

Portr, the company that gets your luggage to and from the airport if you are too bone idle to transport it yourself, has announced that it has secured a £2 million investment from Stobart Group as part of a larger funding round. Stobart knows air travel well and this is a pretty good endorsement.

Corero – why shares down despite recent “Significant Contract Win” & “Partnership Agreement” announcements?

Published 6 days ago

Despite accompanying half-year results last month with a “Significant Contract Win” announcement, shares in Corero Network Security (CNS) still declined. This week has seen a “Partnership Agreement” announcement – with the same result…

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

Published 7 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 7 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...):

InterQuest – return from suspension… but, with its management shysters, for how long?

Published 7 days ago

Writing on InterQuest (ITQ) previously last month, I stated shares suspended… but greater hope for shareholders – and the shares are currently back trading on AIM following the appointment of a nominated adviser and broker. However, there remains a question of for how long?...

Milestone Group – surely not another dodgy share issuance?

Published 7 days ago

On Wednesday at 2.13pm AIM-listed Milestone Group (MSG) knocked out a TR-1 RNS. Nothing unusual about that, but hang on – what about the dates?

Buy Curzon Energy at 8p - target 17p or 37p

Published 8 days ago

Zac "the Knife" Phillips is, of course, the City's No 1 oil analyst and as we own shares in Curzon Energy (CZN) I see no problem in highlighting this most excellent piece of research. Okay, SP Angel is a retained broker so feel free to ignore this as PR marketing hogwash but Zac "the Knife" is no fool and is a man who writes what he thinks. Over to "the great one"

Beaufort on MySquar - is this the worst broker note of the year?

Published 9 days ago

Clearly no-one told Belfort Securities that its star client in the fraud sector, MySquar (MYSQ) was going to have a disastrous lack of profits warning today which exposed how it had massively misled investors for months. Because yesterday it urged its clients to fill their boots at 4.02p with a 21p target. At least this shows that at Belfort the Chinese walls between research and broking have no chinks in them. The shares are now 2.98p and are worth 0p. Over to Belfort.... 

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

Published 9 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:

Reason to sell MySQUAR No. 136: A partnership with even more of a dog!

Published 9 days ago

Readers will know I have no love for MySQUAR (MYSQ) for reasons outlined earlier today; however, I had to laugh at yesterday’s announcement of an MOU agreed with Sealand Capital Galaxy (SCGL) as it is arguably an even dodgier company than MySQUAR – clearly a match made in heaven.

Forget uncertainty, we insist you eat more pizza says Domino's, but buy the shares?

Published 9 days ago

Clearly it goes without saying that if you want a quality pizza in London then you should be going to Wedge Issue rather than to your local Domino's (DOM), but it is to the latter's Q3 trading update we must turn, which is a bit of a headscratcher.

Reason to sell MySQUAR No. 135: Shocking trading update - pre-placing lies ramp all too clear

Published 9 days ago

The reason for the deafening silence emanating from uber-dog MySQUAR (MYSQ) became all too clear this morning as it issued a shocking trading announcement which makes clear that revenue has fallen off a cliff. Surely something should have been mentioned at the time of the placing in late-July?

Strat Aero - as GM looms will a refinancing be possible at all?

Published 10 days ago

On 17th October long suffering shareholders in Strat Aero (AERO) will be asked to approve a 1 for 10 subdivision of their shares in order to get a refinancing away. But the maths now look so bleak that one asks if the fat lady should pitch up to the GM as she could well be called on to sing very soon indeed. As a reminder...

Totally: Oh – so the CFO did leave then…..but wasted a chunk of money first!

Published 10 days ago

Unbelievably, just as the welts on my back are just about healing from my Totally (TLY) related self- birching a few months ago (HERE), it transpires that the CFO, Don “Two Jobs” Baladasan is leaving after all, although he did find time to spend £11m before he left on a business that appears to be in a bit of bother – perfect!

Applied Graphene - the proven liars undertake £10 million fund raise at just 36p - bear call at 120p 4 weeks ago vindicated

Published 10 days ago

On September 15 2017 I explained why the folks who run Applied Graphene Materials (AGM) were slam dunk proven liars and predicted a bailout placing. Hey ho. Vindication did not take long. Today we are told that there is a book build on a placing to raise £9 million + at a minimum of just 36p with a £1 million open offer also planned. The shares have crashed by 23p to just 40p bid. Another win for the Sheriff.

Conroy Gold : Just how little cash is left: potential 28% stock overhang and its placing ahoy (again)

Published 10 days ago

I forgot to ask one big question at the Conroy Gold & Natural Resources (CGNR) GM on Friday - when is the next placing? But before we come to that - and the answer must be soon - there is a little matter of possibly the biggest stock overhang on AIM. The TR1's are flying thick and fast.

Cowboys and Injuns- A UK Oil & Gas groupie fully rebutted by cynical expert

Published 11 days ago

Injuneer is a man claiming to be a drilling engineer but whose "analysis" of Horse Hill and UK Oil & Gas (UKOG) suggests otherwise and demonstrates once again that a (very) little knowledge is a dangerous thing.  His "critique" of the analysis of Professor David Smythe is today rebutted by the good Prof in a way that shows again how utterly overvalued UK Oil & Gas (UKOG) shares are today at just under 7p. The Prof writes:

Buy Obtala at 17.75p, target 37.5p - new 60 page report

Published 11 days ago

Okay Beaufort is house broker to Obtala (OBT) and so is biased. As we own the shares so am I! But this 60 page report is detailed and so worth a read. Beaufort writes:

Saffron Energy: The ramp is on already – it’s all in the name

Published 11 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.

Optibiotix - BUY on non news from Supply Side West

Published 12 days ago

This is non news and Optibiotix (OPTI) should fire whatever poltroons handle its PR for releasing it. Announcing guffe creates the impression that a company has nothing of substance to announce which is not the case.We, for instance, expect news of a massive Slimbiome Tata deal with hard numbers very soon.

Vela Technologies – full-year results suggest discount to NAV remains far too harsh

Published 12 days ago

Early-stage and pre-IPO disruptive technology-focused investing company Vela Technologies (VELA) has announced full-year results emphasising “the board is pleased to have seen a strong uplift in the valuation of its investment portfolio in the period under review, resulting from new investments made and positive revaluations on certain investments held”

Australian gold rush has given Greatland Gold a boost, but will it last?

Published 12 days ago

I’ve been following the Greatland Gold (GGP) story with interest, but have to admit that I remain very sceptical at this stage, especially given the rise in share price that the company has enjoyed recently.

Buy Metal Tiger

Published 13 days ago

Natural resource investor Metal Tiger (MTR) has been a disappointing share tip so far this year – the shares have been comfortably above 3p earlier in the year and last month falling back below 2p. They are though presently bouncing back around the latter level following an update on the company’s 30% interest joint venture in Botswana, including “very excitingly, 50m wide zones of visible copper mineralisation have been logged in core from four holes drilled along strike from the current T3 Mineral Resource .

Debt financing would give Vast Resources a boost - speculative buy

Published 13 days ago

The hardest thing for many of the smaller miners is actually making it to the production stage, and there are many that never get that far.

The two big takeaways from the Conroy GM which make its shares a slam dunk sell to halve from 25p

Published 13 days ago

The Conroy Gold & Natural Resources (CGNR) GM voted c 5 million to 4.1 million to back the current lifestyle funded, rule breaking board led by 84 year old Professor Moriaty and not the rebels From attending the meeting there are two takeaways which tell me the shares will collapse next week and proof of just how grossly misleading an RNS from Wednesday was.

Mirada – shares soar on contract win, but what about that financing needed?

Published 14 days ago

Shares in Mirada (MIRA) are currently soaring from just above 1p on the back of a “New Contract Win” announcement. Hang on though, isn’t there currently financing needs by this company?...

A glimmer of light at the end of the tunnel for Ferrum Crescent?

Published 14 days ago

Regular readers here will know that I’ve not exactly been a big fan of Ferrum Crescent (FCR), but there could now be a slight glimmer of hope for anyone trapped in this serial underperformer.

Buy Obtala at 18.5p - target to sell 30p+

Published 15 days ago

African-focused agricultural and forestry company, Obtala (OBT) is an already successful HotStockRockets share tip – the shares up from an initial 8.25p offer price recommendation to a current 18p. However, they’ve been above 22p earlier in the year and recent newsflow sees us further confident that the fall from there an incorrect appraisal - and that 30p+ is realistic.

LightwaveRF – trading statement emphasises top-line growth, but why no update on cash?

Published 16 days ago

LightwaveRF (LWRF) commences a trading update for its year ended 30th September 2017 with that “the company anticipates that revenue will have more than doubled from the prior year (2016: £1.44m). Gross margin is also expected to have materially increased (2016: 32.5%)”. However, the shares have currently responded slightly lower to 23.5p…

Topps Tiles profits warning - do not be tempted to bottom fish

Published 16 days ago

On the surface of it, the retailer Topps Tiles (TPT) looks cheap. Even after today's trading statement the shares, at 73p offer trade on a PE of just 10 for the year ended 30 September 2017. But do not bottom fish. Here's why.

Buy Ariana Resources at 1.5p and at up to 1.55p with a target to sell of 2p+

Published 16 days ago

Declaration: We have tipped Ariana Resources (AAU)  before, helping our readers to bank offer to bid gains of 72% in one year. This time we are looking for a far more rapid re-rating. Our readers at HotStockRockets enjoyed this tip at a 1.45p offer but the shares - at a 1.5p offer are still a buy. Here's why....

More PR pumping at Sound Energy - valuation absurd

Published 16 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: 

Tom Winnifrith Bearcast: Has Uzi Katz dumped his Telit shares & the next Neil Woodford car crash awaits

Published 17 days ago

I start with a discussion prompted by a reader request on whether a brand has a hidden added value which you should account for when making an investment. Another reader asks if it is time to buy back into Eden Research (EDEN). I think he is being spoofed and explain why. Then I look at the latest (non) news from Telit (TCM) and ask if the mortgage fraudster and fugitive from US Justice, Uzi Katz, has dumped his shares. I look at what is happening at Conroy Gold & Natural Resources (CGNR) , at the latest Mosman (MSMN) spoof, comment again on Nighthawk (HAWK) and then at the next Neil Woodford car crash RM2 (RM2).

Nighthawk - breaches bank covenant, can't repay debt - surely its an equity wipeout?

Published 17 days ago

Shares in Nighthawk Energy (HAWK) are off by 40% today at 0.225p but that still values the company at £2.17 million. For a company that looks utterly screwed that is surely far too high? About £2.17 million too high.

Some very blatant pumping preceded the Canadian Overseas equity issue

Published 17 days ago

Spotting a placing coming on the smaller shares isn’t always that hard, and is usually a combination of the company getting to a point in time where typical cash burn suggests that funds will be low, and perhaps even more importantly, taking note of those who suddenly seem very keen on that particular company!

After company chat, Strong Buy Big Sofa at 18p

Published 18 days ago

Disclaimer: a) We own a large number of shares in Big Sofa (BST). b) There is a bear case. My colleague at ShareProphets puts it in full HERE.  I explain why he is wrong in a Bearcast HERE.  But why are the shares a buy? Unlike Mr Bear I have spoken at length to the company.  So I enlarge on a piece from HotStockRockets on the basis of that chat.

88 Energy - where has the cash gone? When's the bailout placing? New presentation shocker!

Published 18 days ago

Over-ramped 88 Energy (88E) has announced today that it has published a new corporate presentation. If they can stay awake through 15 pages of pure horse and corporate waffle, its, in denial, moronic shareholders need to have an urgent butchers at page 16.

Universe Group – interims argue “a solid platform from which to drive future growth”, BUT…

Published 18 days ago

Point of sale, payment and on-line loyalty systems developer and supplier Universe Group (UNG) has announced results for the first half of 2017 and boardroom change…

Premier African Minerals £3.5m Underwritten Offer from Primary Bid - Deadline 5PM today

Published 19 days ago

What I know about Premier African Minerals Limited (PREM) you could write on the back of a postage stamp. And still have whte space. But if you are a fan it is the latest Primary Bid offer. But hurry the deadline to get shares at 0.3p is 5PM Today Sunday HERE. We are told that: 

Kibo Mining – IT’S NOT A DAMN PLACING, OK

Published 19 days ago

I am forced into doing a follow-up on Kibo Mining’s (KIBO) convertible loan funding arrangement announced on Wednesday last week which I covered HERE due to the fact that all loans were converted on the very next day on Thursday. What was the bloody point? Well, I reckon I worked it out.

Big Sofa Technology: Well, I was pretty close but what next?

Published 19 days ago

I’m not particularly good at being smug but it would be remiss of me not to give an update following Big Sofa’s (BST) interims on Friday as I was pretty spot on. For completeness, Tom has already covered his thoughts in a Bearcast and a separate article HERE and HERE respectively, but here’s my take on it.

Big Sofa Interims - yes they are piss poor but the shares are a strong buy

Published 19 days ago

When the international video analytics provider to consumer brands and market research agencies completed a placing a few weeks ago it flagged up that H1 results for calendar 2017 would not be anything to write home about. Let us not kid ourselves: they are piss poor. But that should be no surprise and it is what happens next that matters which is why we think the share price sell-off is wrong.

Fox Marble: weak interims more than discounted - BUY

Published 19 days ago

Marble quarrier in Kosovo and the Balkans region, Fox Marble (FOX) has announced results for the first half of 2017, including “we have reduced the estimate of the amount of our order book we expect to realise in 2017”, but that “the board is positive about the outlook for the company for the remainder of this year and into 2018”. it is a mixed bag from a company that has missed targets far too often. So I can understand why some investors are saying that enough is enough and why the shares have slipped to 6.75p-7.5p.  But 

EVR Holdings: Interims out and the MelodyVR launch to take place at some point in the future…..probably

Published 20 days ago

The bronze medal for EVR Holdings (EVRH) as it managed to get out its results on Thursday so beat a couple of contenders in the Results Preview race. Unfortunately, there is not a lot else to say as there was limited information in the results although that won’t stop me trying to get a contractually agreed 400 word article from such dire raw material.

URU Metals – Results out: something new for the Great Distractor to get excited about!

Published 20 days ago

As expected the full year results for URU Metals (URU) came out on the last possible day yesterday and, also as expected, they didn’t provide any answers to the questions I raised in my preview piece (HERE). However, that didn’t stop John Zorbas finding something new to get excited about and distract investors about the pitiful lack of progress here.

Yet another failure for Arian Silver is hardly a surprise!

Published 21 days ago

The only real surprise when it comes to persistent AIM failure Arian Silver (AGQ) is that some people thought that things were actually going to turn out differently this time around!

Frontier Smart Technologies: Excellent results – more potential here

Published 22 days ago

Following my rare buy tip on Frontier Smart Technologies (FST) back in May (HERE), I am happy to update my views following the expected strong interims this morning. The share price is moving nicely upwards and there is more to come over time in my view.

K3 Capital – placing of locked-in shares complete…..oh, and the buy-back is binned

Published 22 days ago

As Tom Winnifrith pointed out on today’s Bearcast, there seems to be no value in contractual arrangements any more. Shares subject to a lock-in? No problem, we’ll sell them anyway. And that brings me to K3 Capital Group (K3C). Like Tom, I have no idea what the company does and frankly nor do I care. But I do wonder whether things are going quite so well at the company in the light of this morning’s news. It wasn’t the sales which concerned me (although that was bad enough), it was what came with them.

Curzon Energy is about to IPO on the main market

Published 22 days ago

Any new IPO in the natural resources sector tends to grab my attention, and whilst there are plenty of them where I wouldn’t even consider investing my money, occasionally one comes along which looks to have a bit more potential. That would appear to be the case with Curzon Energy (CZN).

Align says buy Wishbone Gold at a 0.7p offer - target 1.97p

Published 22 days ago

Okay the researcher is paid so is not impartial, but Align shows it believes by using its fees to buy shares which it holds. So as paid for researchers go it is more credible than most. It has initiated coverage of Wishbone Gold (WSBN). We see these shares as a buy at up to 0.85p with a 1.3p target to sell. Align is more bullish. It notes, in precis,

Immedia – as shares slump on interims, argues “well positioned”. Really?

Published 23 days ago

Immedia (IME), which describes itself as “a supplier of multi-media content and digital audience engagement solutions for leading brands and global businesses” (i.e. it supplies audio visuals and data analytics) emphasises in results for the first half of 2017 that “the board remains confident that the outlook for the group is positive”. However, the shares are currently down 16% on the day to 21p…

RM2 International: The future’s fine apparently – just need funding and customers!

Published 23 days ago

RM2 International (RM2) gets the silver medal in the Results Preview five horse race having released its interims this morning. I was keen to see progress on the funding but there is nothing definite on that front although there’s nothing to worry about out as the management have got it covered – yeah right!

Kibo Mining – Interims out and funding announced – no great surprise

Published 23 days ago

Congrats to Kibo Mining (KIBO) for being the first of my preview targets to release results this week and, as my preview predicted, cash was pretty sparse, hence the £500,000 new funding announced this morning. Not a bad deal all in all but not sure what the directors are playing at.

Why I'm happy with the Central Asia Metals acquisition

Published 23 days ago

If I’m being completely honest then I have to admit that I was somewhat annoyed when an RNS from Central Asia Metals (CAML) initially landed to say that trading in the shares had been temporarily suspended pending the acquisition of a large asset. That annoyance though was largely driven by a shorter term view, as shares in the company had been doing very well and the price was increasing steadily in the run up to the financial results, which were expected to be good and with yet another high yielding dividend to be paid. Alongside that copper was flying and had just topped the $3.10/lb level.

Concepta look ahead not back: Buy at 11p

Published 24 days ago

Declarations first: a) at 11p offer the shares are back at the price at which Concepta (CPT) came to AIM via an RTO in July of last year. It has clearly not delivered as rapidly as we would have liked  b) We invested at the RTO and have not sold any of our shed load of shares. Results for the half calendar year came out last week and, speaking bluntly, the numbers do not look that great. In fact they look piss poor.  It reported sales of zero, a loss of £1.15 million and ended the period with cash of £1.235 million. So far less than dazzling right? But....

SpaceandPeople – half-year results, a recovery on-track?

Published 25 days ago

Shares in promotional and retail merchandising space-focused SpaceandPeople (SAL) are currently on the rise on the back of results for the first half of 2017…

Serica Energy is on the verge of restarting production - worth a nibble?

Published 25 days ago

When it comes to the AIM resources sector, any sort of delay or news which is perceived to be negative can have a negative effect on the share price which is far from justified. Of course there is a lot of junk on the market and when bad news comes and it inevitably crashes, it is of no real surprise, but there are other companies where a temporary hit to the share price can present a great buying opportunity.

Big Sofa Technology: Interims preview – the bearish perspective

Published 26 days ago

I have been having some good natured debate with Tom on the pros and cons of Big Sofa Technology (BST) recently and, as ever, he has allowed me to present my bearish version of events in advance of next week’s interims in contrast to his bullish thoughts the most recent of which is HERE.

Powerhouse Energy – commercial newsflow starts with Qatar MOU - BUY

Published 26 days ago

Having in the last couple of weeks been slipping back from above 1.3p towards 1p, shares in August tip at a 1.25p offer price Powerhouse Energy (PHE) are now recovering on the back of a MOU for waste-to-hydrogen facilities” announcement. But they have a lot further to go.

RM2 International: Interims preview – another Woodford debacle

Published 27 days ago

I’m continuing my look at forthcoming interims with the horror show that is the Woodford-backed RM2 International (RM2), first pointed out as an excellent bear tip by Graham Neary (HERE). One has to ask what the hell was Woodford thinking here?

Amryt Pharma – placing disappointment, my anger as a shareholder, CEO chat - BUY

Published 27 days ago

With its shares having reached 25.75p last week and closed at above 25p on Wednesday, Amryt Pharma (AMYT) announced on Thursday that it was “delighted with the support we have received” for an “oversubscribed placing”, raising a gross €15 million (£13.3 million)… at 20p per share! As a long standing shareholder I say "F**k you." I feel so utterly 100% shafted as will those who paid 26p+ last week after confident results which made it clear that Amryt was fully funded. So I asked Steve Moore to pen an analysis. As I explained in Thursday's bearcast HERE I am too angry to be objective. The fact is that at a 22.5p offer the shares are a BUY.

IndigoVision – why the half-year results share price slump?

Published 27 days ago

Having been sparked from well below 200p by a May update including that “in the first 19 weeks of 2017, overall revenues were ahead of the corresponding period last year. The immediate outlook is more positive than it has been for some time”, shares in video security systems group IndigoVision (IND) have now fallen back to around the 200p level on results for the first half of 2017. Hmmm…

HaloSource – shares soar on water bottle agreement, turnaround time for this Woodford dog then? Er…

Published 28 days ago

Shares in HaloSource (HALO) are currently around 20% ahead on the day, heading towards 2p, on the back of an “Agreement with Seven Step Ecotech” announcement. Turnaround time for this Woodford dog then? Er…

Tom Winnnifrith Bearcast: Purplebricks, the hard numbers - this just does not stack up at all!

Published 28 days ago

I start off with a cheque received for 29p. Then as we see the Purplebricks (PURP) share price start to melt I look at hard maths and explain why the shares will collapse from here. I look at the Rose Petroleum (ROSE) placing, misleading comments from worthless crap Strat Aero (AERO), dismal interims from shamed lifestyle company Magnolia Petroleum (MAGP) and then at Intelligent Energy (IEH) which looks like a zero in waiting. 

Getech – trading update offers real value encouragement - BUY

Published 28 days ago

This is a share tip that has not worked out. We are well down on the 37p offer price of January - our timing was imperfect. To be fair, we advised averaging down a week or so ago at a 24p offer. Shares in the geoscience and geospatial group Getech (GTC) are now 26p offer after a very good trading update and at this level they are a strong buy.

St. Ives – 1:01pm “Statement re contract” announcement. Uh oh…

Published 28 days ago

An unusual time (1:01pm) “Statement re contract” announcement from marketing services group St. Ives (SIV). Uh oh...

Real Good Food – attempted no-one watching o’clock “Company Update”, surely not yet more real bad news?

Published 29 days ago

With its shares having slumped from 35p following recent real bad news and disclosure, yesterday saw an attempted no-one watching o’clock (5:01pm) “Company Update” from Real Good Food (RGD). Uh oh…

88 Energy - grim Alaska news ahead of placing - you were warned!

Published 29 days ago

How the Bulletin Board Morons laughed at me as I warned in the strongest possible terms that 88 Energy (88E) shares were a slam dunk sell and that drilling of the Icewine well was not going well. Please form an orderly queue morons I guess you did know better than a trained oil analyst after all. The shares have slumped by 0.75p to 1.25p but a market cap of £56.9 million is still way too high. There is worse to come.

Symphony Environmental – interims show some progress, but more to come

Published 29 days ago

Symphony Environmental Technologies (SYM) was a 6.75p offer price share tip – and the shares rose to 11.5p on the back of a first half of 2017 results announcement, though have currently slipped back to 10.5p…

Photo-me Shares May Be a Case of Hold it - Then Flash, Bang, Wallop

Published 29 days ago

Hello Share Samplers. When a share approaches company results day, whether for six months or the full year, we can expect the share price to rise. Once that special day arrives, the value often falls - even when profits are in line with expectations or even better. Naturally, the most trading often goes on in the run-up to the announcement concerned and in the week afterwards. But there’s an advantage in buying your shares when nothing imminent is on the company’s diary and when no other news is expected.

Tom Winnifrith Bearcast - do not get fooled by Watchstone's cash claims & shoot the scumbag "rebels" at Stratex

Published 30 days ago

Those seeking to oust the board at Stratex (STI) have not been playing with a straight bat as an RNS late yesterday made clear. They are vermin who should be sent packing. Ditto Professor Conroy of Conroy Gold & Natural Resources (CGNR). I have news on his latest courtroom scrape in Dublin and also on the Afren (AFR) whistleblower to whom I make a generous offer. I am warming to Blur (BLUR) after today's placing and am almost tempted to nibble now that ghastly Phil Letts and his even more ghastly Mrs have gone. There is a detailed analysis of interims from Watchstone (WTG) - Quindell as was. Do not get suckered by that headline cash number. It is not real and the shares are a sell. Finally there is an update on the African Potash (AFPO) and Paragon Diamonds (PRG) litigation. 

Kibo Mining – Interims preview: Time to pass the hat round again?

Published 30 days ago

Kibo Mining (KIBO) is a frustrating company as, at its heart, there’s quite an interesting project, namely the Mbeya Coal to Power Project (“MCPP”), unfortunately it’s in Tanzania and the delays are seemingly never-ending which means that it’s probably time to raise some more funds from somewhere, presumably from Beaufort / Sanderson.

BREAKING: Purplebricks - the Dynamite reviews it is utterly desperate you do not see: SELL Target price 0p

Published 30 days ago

These are the genuine reviews on AllAgents.co.uk that Purplebricks (PURP) has attempted to ensure that you do not see by sending threatening lawyers letters as we exposed yesterday. As you can see they are dynamite and show quite clearly a flawed business model which sees customer after customer ripped off. Word of that is spreading which is why this company will NEVER make a profit and will sooner or later run out of money and go bust. The shares are a sell at 380p - target price 0p. Now read on and wonder why folks like Neil "nomates" Woodford and Roger Lawson want to own these shares... PS If Purplebricks wants to threaten me to remove these posts I will take great pleasure in seeing the bitchez in Court.

EVR Holdings: Interims preview: ‘Guess the excuse for the delay’ competition

Published 31 days ago

With all the “quality” companies waiting until the last possible moment at the end of next week to release their results, I thought I’d do a series of previews this week on some of my favourites starting with the “warrant exercise machine”, EVR Holdings (EVRH) where the only real unknown is what the latest excuse will be for the delayed launch of the app.

Sell Purplebricks

Published 31 days ago

This was written before TODAY's SHOCKING EXPOSE. Despite falling 25% from its August high Purplebricks (PURP) has been a spectacular investment for practically everybody involved in its brief four-year history. 

Canadian Overseas could be worth the gamble - but only if financing is secured

Published 31 days ago

Canadian Overseas Petroleum (COPL) is a company that I have followed for a while now and recently I have noticed it getting a fair bit of attention again – certainly as much as we’ve seen since the failed drill in Liberia back in late 2016.

URU Metals – Results preview: will the Great Distractor finally come clean?

Published 31 days ago

I’m expecting URU Metals (URU) to issue its end of year results on the last possible day  on 29 September, next Friday week, and am also expecting a sleight of hand masterpiece from the CEO, John Zorbas, who loves to distract from the real issue here, namely an uneconomic mine. Here’s a contrast of what I would like to see in the results and what I expect to see.

Cloudcall – post-interim results share price progress justified?

Published 31 days ago

Shares in software integrating communications into Customer Relationship Management platforms company Cloudcall (CALL) are recently ahead strongly following a couple of director share purchases and results for the first half of 2017...

Proxama – interims argue “exciting times ahead”. Are there?

Published 32 days ago

Self-described “leading mobile location and data intelligence expert” Proxama (PROX) “is pleased to announce its half year results for the six months ended 30 June 2017 and a trading update”. The shares though remain depressed at little more than 0.03p…

Andrew Bell of Regency Mines No longer a self confessed Moron - dumps ALL UK Oil & Gas shares

Published 32 days ago

On 8th September I penned a long piece explaining why the valuation of UK Oil & Gas (UKOG), then 9p, was crackers and anyone owning was a moron. My friend Andrew Bell posted a response saying that his company owned the shares, that he was not a moron and this is why I had it all wrong. In light of news today I repost Mr Bell's comments:

The future looks bleak for Ferrum Crescent - another placing isn't far from being needed!

Published 32 days ago

The lower end of the AIM market can be surprisingly predictable at times, especially when it comes to raising funds, so it often amazes me how many private investors get caught out when such news comes. That would certainly seem to have been the case with the recent fundraising activity at Ferrum Crescent (FCR) and the events leading up to that, even if many on the bulletin boards were in denial of what was coming.

DP Poland – interims particularly emphasise EBITDA & “variable profit”. Wonder why?

Published 32 days ago

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has announced half-year results, including emphasising “combined corporate store EBITDA and commissary variable profit up 39%”

Meet & Hear Optibiotix tomorrow evening (Tuesday) in London + free drinks

Published 32 days ago

I gather that there are still about a dozen seats going for tomorrow evening's presentation evening hosted by Turner Pope. Natch the main attraction is the free food and drink on ffer in Mayfair. But, more seriously, there are three companies presenting and taking questions.

Levrett: Prospectus released - good news for the (founder) shareholders: is this the new Cloudtag?

Published 33 days ago

At the start of the month, I asked the question on the lips of all the Levrett (LVRT) shareholders, namely when the bloody RTO was finally going to arrive. Well, fair play, it was announced on Friday and shareholders should be pleased, particularly the founders who got in at a fraction of the price of the ordinary private investor.

CyanConnode – another set of results, ANOTHER placing!

Published 34 days ago

CyanConnode (CYAN) has announced results for the first half of 2017, including “we are delighted with the progress made during the period”. Good, good. Oh what? Already down from above 0.20p at the start of the year, the shares further lower at 0.16p? Hmmm…

Table of shorted AIM shares - week to 15/09/2017

Published 34 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Tungsten Corp – AGM update, EBITDA breakeven ‘remains goal’. Who’s paying for the capex? The tooth fairy?

Published 35 days ago

Shares in Tungsten Corp (TUNG) are currently edging higher, above 60p, on the back of an AGM trading update – this though comparing to above 70p as recently as June and approaching 400p in 2014…

Buy Falanx at a 7.5p offer - target to sell 10p+

Published 35 days ago

First the disclosures. No 1. We own stacks of these shares (bought at 4p) but will not sell until the shares are north of 10p. No 2. Hotstockrockets tipped them at a 4.25p offer and has them as a STRONG HOLD -I think certain colleagues are too cautious. Now over to cybersecurity play Falanx (FLX) which has recently served up a cracking trading statement and a cute little acquisition. Falanx says that in the run up to its half year end  (30 September) it has won "significant new sales contracts with recurring revenue... Remains on course for operational breakeven this financial year." It repeats that "business on track to reach breakeven during the financial year with sufficient cash to see all current operations through to profitability."

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

Published 35 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:

Eve Sleep: Interims out – decent execution but the jury’s still out for me

Published 35 days ago

I covered the trading update for the Woodford-backed Eve Sleep (EVE) HERE but with interims out this week, it is worth taking a closer look to assess progress in its maiden year on AIM. In summary, I would give it a B+ grade for execution but only a D grade for “ability to show there is a viable business model here” and would keep a watching brief for now. Doesn’t stop Neil Woodford getting stuck In some more though – natch

Buy Columbus Energy as a ten bagger says Andrew Monk (with charts)... and ANO Total loon

Published 35 days ago

In his private email to clients this morning Andrew Monk of VSA, broker to Columbus (CERP) brings charts from yesterday's AGM presentation and uses them to explain why he sees the shares, he first tipped at sub 2p,  roofing it. He is not the only fan...but first to Monkey who gushes: 

Monchhichi – More comedy from these jokers as it moves to the Sub-Standard List

Published 35 days ago

I was smiling for much of yesterday having read the announcement from Monchhichi (MCC) about its proposed cancellation from AIM and a move to the Sub-Standard segment of the Main Market. Let me explain why.

Papillon Holdings: More dodgy deals - Tatnall and Longley have no shame

Published 36 days ago

A week after the my last piece on Papillon Holdings (PPHP) in which the silver lining of the RTO being terminated was that the shares could be traded again, bad news hit yesterday with new potential deals being announced meaning that the shares remain suspended and the worse news is that this deal has Longley written all over it….literally. No shame!

Buy Molins at 155p target price 200p

Published 36 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.

Buy Amryt Pharma at a 24.5p offer - target to sell 30p+

Published 37 days ago

Amryt  Pharma (AMYT) has announced results for the six months ended 30 June 2017. There were no great shocks  the buy case is compelling and low risk - my target, for shares I admit to owning, is very conservative. Others are twice as ambitious or more!

Epwin – a half-year results further profit warning

Published 37 days ago

Epwin Group (EPWN) has announced results for the first half of 2017 emphasising as a first highlight “sound performance in challenging market conditions”. The shares have responded, er, currently approaching 4% lower to circa 70p…

Optibiotix: David Evans share sale - not an issue: BUY

Published 37 days ago

We have had a few emails about the share sale announced by former Optibiotix (OPTI) director David Evans. Panic not. The shares are back at 69.5p mid on the news: treat that as a buying opportunity.

Tom Winnifrith Bonus Bearcast - Droning on, Strat Aero is so totally bust it is worth 0p

Published 38 days ago

Interims from Strat Aero (AERO) today are dire. They show a company that was bust on June 30, one with zero earnings visibility and an ongoing cash burn. There is a lack profits warning and a tacit admission that a bailout placing is inevitable. I should cocoa. But even if there is a heavily discounted bailout this company is probably toast. The shares are worth 0p. SELL. This is, like most stocks promoted by the Sith Lord, Zak Mir, toast.

Gulf Keystone is a very different company these days - buy

Published 38 days ago

Gulf Keystone Petroleum (GKP) was one of the most hyped up oil companies that I have ever seen during my time in the markets, and although that all ended in tears, I think it could be worth another look now as it has changed a lot since those days.

HaloSource – Woodford dog barks “very pleased with the progress”… but then admits it’s set to be cash crunch ahoy AGAIN!

Published 39 days ago

HaloSource (HALO) is “very pleased with the progress we have made with our newly executed all Drinking Water business strategy”. Good, good – this results statement for the first half of 2017 should be encouraging then…

LightwaveRF – UK Distribution Agreement announcement, but a ‘dump’ on the way?

Published 39 days ago

An “Expanded UK Distribution Agreement” announcement from LightwaveRF (LWRF) – and the shares currently approaching 10% higher in response, to 28p. Let’s take a look…

Polemos: Potential RTO of SecurLinx at a massive premium – the classic AIM spoof

Published 39 days ago

I despair somewhat when I read the likes of Friday’s announcement from Polemos (PLMO) as I can’t really believe that companies on AIM can get away with the most over-used spoof in the market, namely the “shares being issued at a premium as consideration in an RTO” spoof, but I guess I may well point it out in the vain hope that, one day, CEO’s and Nomads will pen a more honest RNS.

BOS Global: Founder, CEO and major shareholder quits suddenly – oh dear!

Published 39 days ago

Readers will know I’ve never been a fan of BOS Global (BOS) and the opaque nonsense emanating from its CEO, Michael Travia, especially as its suite of workplace analytics software is as cutting edge as Snake on the old Nokia. I last asked for transparency on a few key points last month (HERE) but today, instead of answers, I have more questions as Mr BOS Global himself, Michael Travia, has suddenly left the building!

Notes from Underground: We now return to your regularly scheduled programme, already in progress

Published 40 days ago

Tom has returned from his sabbactical and the stats speak for themselves: you people like Bearcasts. I can only imagine the plight of our readers for the past five months, fetal position on the floor, listerning to a skipping Victorola or the snow of an untuned wireless waiting for the return of Bearcast.

Character Group – Pokémon distributor appointment, still a buy

Published 41 days ago

Just post its year ended 31st August, Character Group (CCT) said that it was pleased to announce its appointment as “the master toy distributor in United Kingdom and Ireland for the globally popular Pokémon brand”

Table of shorted AIM shares - week to 07/09/2017

Published 41 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Buy Sanderson at 71p - target 90p+

Published 41 days ago

When ths share tip went out yesterday on Fivefreesharetips.com the shares were 67 offer. They are now 71p offer but still cheap. But to make sure you get in first ister now for FREE ahead of the next hot share tip at Fivefreesharetips.com HERE. Now to why Sanderson (SND) shares are still cheap...

Tom Winnifrith Bearcast: Some basic maths for Andrew Bell and the UK Oil & Gas poltroons

Published 41 days ago

UK Oil & Gas (UKOG) nutter Michael Boyle wants to trap me and report me to the FCA. What a prize poltroon. Andrew Bell has been selling lots of UK Oil & Gas shares but - with millions still on the book - tries to argue that they are cheap. Hmmm. I have a second  maths lesson for my friend Mr Bell following on from this one yesterday. Then it is onto my old friend the offshore based asset stripper Jim Mellon and one of the many dogs in his stable, the related party snakefest that is FastForward (FFWD). Clearly it is placing ahoy as the company has zero cash and grotesque PLC costs but I explain why the shares, at 9.5p, are monstrously overvalued - fair value is sub 5p. Sorry Jim.

How to Make Hay when an Over-Hyped Share Keeps on Rising

Published 41 days ago

Hello, Share Tasters. A famous bear who writes on this splendid website recently opined that a company with a crazily over-egged valuation can continue to grow its crazy valuation. This sounds like a ridiculous observation. Why should a share which is already far too pricey become even pricier?

CSF Group looks screwed, yet the pump continues!

Published 42 days ago

Hardly a day goes by on AIM without some complete piece of junk being pumped up to some crazy share price level, and it often happens as a result of private investors failing to actually read RNSs properly and understand what they mean. Today has been the turn of failing IT company CSF Group (CSFG).

Buy Big Sofa at 22.5p - target 60p

Published 42 days ago

When this share tip appeared on FivefreeShareTips yesterday the shares were 20.125p to buyur readers got the best deal. Do not miss out on our next tips emailed direct to you: register now HERE. But at 22.5p to buy Big Sofa (BST) still is stunningly cheap. Here is why...

UK Oil & Gas - as it prepares for placing more ramptastic news from Horse Hill: DO THE MATH MORONS!

Published 42 days ago

Remember Horse Hill? That was the original breakthrough site for UK Oil & Gas (UKOG). It was the Gatwick Gusher. It was the site that lyin' Steve Sanderson claimed contained a billion barrels of oil. Then he said he never claimed that. Then a video emerged of him saying that. So is that one big lie or two? Anyhow as UK Oil & Gas tries to ramp its shares ahead of a placing we have more ramptastic news from the Hill.

InterQuest – a further addition to the management buyout’s timeline of shame

Published 43 days ago

Yesterday brought new shame on Gary Ashworth & co involved in the management buyout of InterQuest Group (ITQ) - as Tom has stated in a BearCast HERE. The following details a timeline of shame…

Havelock Europa – “considerably below” profit warning, a further reminder to be extremely cautious of ‘expected second half weighting’

Published 43 days ago

Having previously, in June, stated it “more than usually so… expect 2017 performance to be significantly weighted towards the second half” though also attempted to reassure that “whilst activity in the Public Sector is expected to be below last year's levels, this will be balanced by a better than expected demand from Retail and Lifestyle and Corporate Services clients”, there is now from interiors company Havelock Europa (HVE) a further “Trading Statement”. How’s that expected more so than usual second half weighting working out?...

Optibiotix - okay here is A Tata deal - there is another ( and more deals) game on! BUY

Published 43 days ago

Oh Ye of little faith!. There was big news on Tuesday for Optibiotix (OPTI). This was ONE of the big deals we were waiting for. There are more to follow but this should send critics of Optibiotix scuttling for cover as India's Tata is a giant. It has 660,000 employees and annual sales of $103.51 billion! Those who doubted us as we bought our first shares for two years HERE - at sub 55p a few weeks ago you can apologise. now. Go form an orderly queue. The shares are now 75p-77.5p and they are GOING MUCH HIGHER & SOON!

UK Oil & Gas - you cannot say that Broadford Bridge is commercial - but the share price discounts success: placing ahoy?

Published 43 days ago

The word on the street is that - having raised £6.5 million (gross) at just 0.8p back in May -  UK Oil & Gas (UKOG) has been so startled by the spectacular - and largely unwarranted - re-rate of its shares that it is lining up another, much larger, placing alberit at a material discount to the current share price. The shares raced ahead again yesterday as private investors again fundamentally misunderstood an RNS.

Papillon Holdings – Bad news: the deal’s off; the good news: you can take your money and run

Published 44 days ago

A week after my last piece on Papillon Holdings (PPHP) in which I slated the directors Charles Tatnall and James Longley, for their shocking behaviour, I can’t help but comment on this morning’s RNS stating that the long-awaited RTO with a failed gambling business is off. Who would have thought?

appScatter: Initiating coverage with a few warning signs – will history repeat itself?

Published 44 days ago

Interesting to see a new tech IPO this week with appScatter (APPS) joining AIM yesterday, raising £9 million at 65p. I thought I should take a look and only have the three concerns; the management team, the business model and the valuation! Taking each in turn:

Why I'm happy to be holding shares in suspended Central Asia Metals

Published 44 days ago

Although you can’t currently trade shares in Central Asia Metals (CAML), given my bullishness on the company I felt that I should take a look at the current situation following news of a suspension in trading at the start of the week.

EG Solutions – recommended takeover offer as it’s sod the small investor from Chairman Nigel Payne

Published 45 days ago

Shares in EG Solutions (EGS) have recently been soaring on the back of updates including “a real sense of momentum within the business”“now expects results to be ahead of market expectations” and “another significant long-term contract win which not only underpins our future revenue streams but also creates an exciting partnership with a major customer in the UK”. Now there's a “Recommended cash offer” announcement. Must be great news then. Well, Er…

Premaitha - Good News from Brazil but it's the High Court that matters

Published 45 days ago

Premaitha (NIPT) has announced that it has been approved for Brazilian Good Manufacturing Practice for the company's IONA test by Brazil's regulatory authority, the Agência Nacional de Vigilância Sanitária. Jolly good news and it strengthens the story, but it is not the elephant in the room is it?

Altyn – some interim results disappointment... but here is why you buy

Published 45 days ago

Tipped by ourselves in April, shares in precious metals miner and explorer in Kazakhstan Altyn (ALTN) initially performed reasonably, but subsequently slipped back – and currently even more so on the back of a half-year results announcement…

The Sheriff of AIM is off to Dublin on October 6 to oust Prof Richard Conroy from Conroy Gold

Published 45 days ago

Conroy Gold & Natural Resources (CGNR) has appointed two new patsy Irishmen to its board to bolster the home team of Professor Richard Moriaty, his ever loyal sidekick Maureen Jones and another patsy Irishman. One of the new guys comes fresh from Circle Oil where he was responsible for "all corporate financial and funding matters." Hmm given how Circle shareholders lost 100% I bet they are rushing to buy Conroy shares. NOT. I guess there is only a limited pool of Irishmen so desperate for a PLC NED gig that they will sign up to take Moriaty's shilling these days. Meanwhile...

Biome Technologies – following bullshit earnings trading update, how are the results?

Published 46 days ago

On a July trading update from Biome Technologies (BIOM) I concluded it does now look to be becoming more interesting and, ahead of results, is now on the watchlist. The shares have subsequently approached 250p, but are currently more than 7% lower at 230p on the back of results for the first half of 2017…

Tom Winnifrith Bearcast - BNN shareholders take it up the Arsenal

Published 46 days ago

Links with Arsenal, massive cash burn, China, always missing goals (like the Arse) - that was BNN Technology (BNN), shares in which have been suspended today along with its CEO and China boss. I look at BNN in detail plus Telit (TCM), UK Oil & Gas (UKOG) after my weekend pieces HERE and HERE. I cover Blenheim (BNR) after its joke RNS today and also the dog Advanced Oncotherapy (AVO) after its latest spoof. The Mrs says my headline is crude & arguably homophobic, but I know you will love it and it is not if you take it in context.

Blancco Technology – following April cash warning & July receivables warning, what now?!

Published 46 days ago

On the back of a “Q3 Trading Update, Cash Flow Review and Funding” announcement in April, I warned on shares in Blancco Technology (BLTG), updating in July – with they slipping below 120p – that I retained a lack of confidence in what is going on here and thus also a stance of bargepole/sell. There’s now a “Updates on revenue and management announcement, seeing the shares slump well below 100p…

Etaireia Investments: Bloom, Collier and Fattal – what on earth could go wrong?

Published 47 days ago

No great surprise that after hours on the last possible day, Etaireia Investments (NEX:ETIP) put out its year-end results. It’s also no great surprise that they were shockingly poor but it is worth highlighting one particularly disappointing aspect as it looks very similar to the 2014/2015 fraud and I wonder if history is repeating itself.

Levrett: Where’s this goddamn RTO and what about the bloody accounts?!

Published 47 days ago

I don’t normally comment on the ongoing delays of the potential RTO’s of Sub-Standard Shocker XI members as I would be writing on the topic every week but the Levrett (LVRT) story throws up another angle, namely the total disregard to the obligation to announce results; so without a Nomad to enforce compliance with listing obligations, I thought I’d see if I would have any luck.

Notes from Underground: The Summer Wind, came blowing in, from across the sea

Published 47 days ago

The summer silly season is now over, and over 77,000 individual readers read ShareProphets during the past week. That's 77k readers who came to read real analysis and honest opinion. ShareProphets doesn't aggragate stories, we don't do clickbait, and we don't coddle our readers. You should be proud that you're one of them. 

Tom Winnifrith Bearcast is back - UK Oil & Gas bulls you is avin a giraffe

Published 48 days ago

I had meant to resume regular bearcasts on September 1, but just in time remembered that yesterday I should have been celebrating four years of wedded bliss. So, in order to keep the Mrs happy, I postponed the relaunch until today. But now, not for those averse to bad language, I am back and kick off with an explanation of why shares in UK Oil & Gas (UKOG) are just ludicrously overvalued. That is not to say they might not go up in the short term but in the end they must, on current facts, be grossly overvalued.

Table of shorted AIM shares - week to 01/09/2017

Published 48 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Kefi - Tulu Kapi update: BUY at up to 6p

Published 48 days ago

Kefi Minerals (KEFI) has updated the market on the latest developments at the Tulu Kapi gold project in Ethiopia. All of the news is expected, but positive and reinforces our view that this is coming together well and that the value of this asset is simply not discounted in the current share price. Indeed with gold starting to move ahead, the shares look ever cheaper.

Update: UK Oil & Gas – Regency dumps again

Published 49 days ago

This afternoon at 1.38pm came another RNS from AIM-listed Regency Mining (RGM). Having dumped 26% of its holding in AIM-listed UK Oil and Gas (UKOG) as announced yesterday evening, it has dumped a further 34.7% of the UKOG confetti it got from the sale of 1.9% of Horse Hill Developments to UKOG.

Breaching banking Covenants - Telit and R4E - which firm did not break AIM rules & commit financial crime

Published 49 days ago

Yesterday shares in R4E (R4E) fell sharply after a profits warning and a warning that it may breach its covenants in the third quarter. I am a shareholder in R4E and happen to think the fall is way overdone, but that is for another time. I want to look at how it handled the covenant issue and what that tells you about the financial crime at Telit (TCM) - which morally bankrupt Nomad FinnCap is okay with.

Vela - More news on BTL - just do the maths

Published 49 days ago

Vela (VELA) has flagged up the fact that there has been more news from its TSX-listed investment BTL which has "launched the DX Beta version ("Beta") of its proprietary blockchain platform, Interbit." Hmmm, we could not really do 2 minutes without hesitation, deviation or repetition on that news but it has excited punters in Canada. Now here is where the maths starts. At 0.25p-0.28p at mid Vela is capitalised at £1.55 million. It has outstanding bonds of £550,000 so the EV is £2.1 million.

Telit shares soar on pure hype - it is as if this was not a cash guzzling fraud, founded by a fraudster and run by an insider dealer

Published 49 days ago

Telit (TCM) shares zoomed by 30% yesterday back to 160p, almost the level before it emerged here that its founder and CEO Oozi Cats was in fact Uzi Katz, the Boston real estate fraudster and fugitive from US justice. The latest ramp is news that it might generate some sales from AT&T. Whoopie do.

Pressure Technologies – a year later, another profit warning

Published 49 days ago

A year ago, writing on engineering company Pressure Technologies (PRES) I noted “Update on Recent Trading” = Another Profit Warning and concluded to avoid at 140p. The shares have recently been around that level, but are currently sliding on the back of a “Trading Update”

Slater & Gordon: Dire results, board sacked, UK exited, Debt for Equity near wipeout - the curse of Quindell

Published 49 days ago

Oh dear me, how long is the shadow caused by the king of the fraudsters Rob Terry and his Quenron (QPP) monster? Slater & Gordon (SGH) the Aussie law firm that bought 94% of Terry's assets in 2015 has now officially been brought to its knees with the board all fired, and shareholders almost wiped out, as part of the end game announced yesterday in Oz.

21st Century Technology – interims argue “significant improvement”, so why are the shares lower?

Published 49 days ago

Fleet and passenger systems technology company 21st Century (C21) has announced results for the first half of 2017 emphasising “significant improvement”. So why are the shares approaching 4% lower following the announcement, at 3.25p?...

Optibiotix - interims, no fireworks but all those placing rumours scotched & fireworks are soon: Strong Buy

Published 50 days ago

There were no great surprises in the results for the six months to May 31 from Optibiotix (OPTI). Maybe that is why, after a decent bounce, they are off a tad at 67p-70p. But those taking profits are making a mistake for there will be fireworks soon and that will see the shares soar.

SHOCKING: Stranger Holdings - Tatnall and Longley are scheming bastards. Lock ‘em up!

Published 50 days ago

My earlier piece outlined some disgraceful behaviour by Charles Tatnall and James Longley at Papillon Holdings (PPHP); however, one has to look at the announcement of Stranger Holdings (STHP) on the same day to really understand the Machiavellian approach being taken by these guys.

SHOCKING: Papillon Holdings - Tatnall and Longley are bare-faced liars. Lock ‘em up!

Published 50 days ago

Sub-Standard Shocker XI member, Papillon Holdings (PPHP) has been a horror show from the beginning, as I have highlighted a few times, most recently HERE, but the massively delayed announcement of the results on Tuesday this week shows Tatnall and Longley to be low-rent lying fraudsters and investors should be clamouring for their money back.

Late summer 2017 update: Top shorted London-listed shares

Published 50 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, we previously updated the top shorted London-listed shares HERE. Post Tom Winnifrith offering his top four short-able shorts in London and approaching the final third of 2017, the following updates...

EnQuest could be even cheaper after its interims - following problems at Kraken

Published 50 days ago

Delays to the Kraken field reaching full production levels could prove costly for EnQuest (ENQ), as it will leave a large gap in expected revenues up until that point.

Mirada – argues it is interest in its new OPEX model which leads it to seek new financing. Really?!?

Published 50 days ago

On the back of a “New Contract Win” announcement, shares in Mirada (MIRA) are recovering having been heading towards 1p following a trading update earlier this month…

Bye, Bye IQE - But Maybe Not for Long

Published 50 days ago

Hello Share Trouncers. After a great deal of pressurised angst, I have sold all my IQE (IQE) stash of shares. This doesn’t mean I won’t charge back in at a moment’s notice if things pick up. I had considered selling half or at least top slicing. But I’m beginning to get warning niggles about the way the stock has shot up in the last few months.

 

HSS Hire – half-year results, why are the shares slumping on the announcement after an update last month?

Published 51 days ago

With the company having updated in early July on its performance to 1st July, I note shares in HSS Hire (HSS) amongst today’s biggest fallers – on the back of a results announcement for its half year to… 1st July!...

IG Design – trading update sees shares further higher, what of value now?

Published 51 days ago

“Trading Update” announcement has seen shares in IG Design Group (IGR) higher and research updates…

Liquid natural gas could still be very profitable for Ophir Energy in the future

Published 51 days ago

Ophir Energy (OPHR) has made far slower progress than many could have imagined a few years back, but the oil and gas fields which attracted many in the first place are still there, and the chances of them being developed still look very good.

Big Sofa - Placing, £1.5 million raised in 10 minutes - BUY

Published 51 days ago

This will make those who said Big Sofa (BST) was set to do a placing happy. Except that they stated that it was because the business was doing badly. The reality is that it is going gangbusters and needs working capital to take on extra business. Thus last Thursday four phone calls to four fund managers meant that - with NEDS lead by Adam Reynolds chipping in £210,000 - £1.5 million was raised at 18.5p in just ten minutes.

Image Scan Holdings – a trading update sparks the shares again

Published 52 days ago

Shares in X-ray screening systems company, Image Scan (IGE) are currently amongst the top gainers on the day – approaching 20% higher, to more than 8p, on the back of a “Trading Update” announcement…

InterQuest – trading update following offer closed. What now?

Published 52 days ago

Following short-term negativity right as the executive management team were trying to buy the company, there is now a further trading update from InterQuest (ITQ). This follows the offer closing earlier this month with 58.32% acceptances (that including the 32.36% interest of founder and Chairman Gary Ashworth) and the independent director, noting the intention statements made in the offer document, having reminded that AIM cancellation requires 75% approval

Real Good Food – more Real Bad News...

Published 52 days ago

“Company Update” announcement from Real Good Food (RGD) commences; “The company announced on 1 August 2017 that it anticipated EBITDA for the year ended 31 March 2017 would be lower than market expectations at approximately £2.0m, subject to final audit. Since the announcement of 1 August, a review has been undertaken, under the guidance of the company's new Finance Director”… Uh oh…

Mercantile Ports - about that Jackanory from Friday

Published 52 days ago

Mercantile ports & Logistics (MPL) shares rocketed by 66% on Friday to 8.125p on the back of an upbeat statement from a company which we have exposed (see HERE) as serial liars.  Perhaps amid the celebrations I might offer a few thoughts on the most important part of the jackanory:

Growth rates are failing to support the Gfinity market valuation

Published 53 days ago

Unfortunately a lot of early stage media and technology companies can look to have huge potential but then fail to really live up to expectations, and I think that has definitely been the case with Gfinity (GFIN).

My top four short-able shorts in London

Published 53 days ago

It is all very well saying that tiddly little companies like Advanced Oncotherapy (AVO) or Eden Research (EDEN) are worthless cash guzzling frauds heading for 0p but they are just very hard to short. That both stocks will hit zero is a given. In the end frauds always run out of other people's money. What you want are stocks you can short which look almost certain to collapse. And right now you need them badly as a hedge. A hedge against what?

Genel Energy remains a long term hold for me

Published 54 days ago

Genel Energy (GENL) has been one of a number of mid-tier oil and gas companies which really took a hit during the slump in oil prices over the past few years, and had seen its share price decimated as a result.

MXC Capital and the shoddy tale of 365 Agile – the never-in-doubt conclusion: cancellation

Published 54 days ago

Following my piece back in January highlighting this sad tale for the shareholders of 365 Agile (365), I couldn’t let it leave AIM without an appropriate send-off despite, and actually because of, the fact that MXC Capital (MXCP) would much rather this whole debacle would fade away quietly into the night.

BOS Global: Back to its old tricks – more transparency required please

Published 54 days ago

At the start of June I was highly critical of the opaque nonsense emanating from BOS Global (BOS), particularly around the Call Design deal (HERE). To its credit, it provided some answers and clarity at that time; however, since then my list of questions arising from the RNS’s has started to grow again so here’s my Bank Holiday weekend quiz for Michael Travia.

Snoozebox – a contract win keeps hopes alive for this plucky underdog

Published 55 days ago

I’m going to try to write a few pieces over the Bank Holiday weekend with transparency (or lack of it) as a core theme and I will start with a positive story about Snoozebox (ZZZ), which put out a great RNS this week in more ways than one.

Optiobiotix - another day, another jigsaw piece slotted in - a full review: BUY

Published 55 days ago

Another day sees another piece of good news from Optibiotix (OPTI) with the shares again ticking higher, to 72p, on the back of it. There is a lot more news in the pipeline, a lot more blue days to come in the next few weeks and months. So where are we now? Let's start by dispelling a myth or two.

Table of shorted AIM shares - week to 24/08/2017

Published 55 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Nanoco – full-year trading update, still firmly on route to cash crunch ahoy (again)

Published 55 days ago

Previously writing on Nanoco Group (NANO) in October with the shares at 55p, I concluded that still a very high asking price for the ‘jam tomorrow’ story with cash burn concerns; sell. The following updates with the shares currently further lower below 30p on the back of a “Full Year Trading Update and Outlook” announcement…

WYG – profit disappointment from multiple angles, but argues “a sound platform”. Really?

Published 56 days ago

“Trading Update” announcement from WYG plc (WYG) commences that “the board continues to expect revenue for the current year to exceed £160m representing continuing year-on-year growth in line with market expectations. However, for the reasons explained below, the board has revised its expectation of near term operating performance”… Not upwards I’m guessing!…

Augean – harmed by HMRC assessment… and worse to come?

Published 56 days ago

I wrote on a trading update last month which would be assumed to be routine, but wasn’t from waste management company Augean (AUG) – concluding, with the current uncertainty and investor confidence now looking needed to be regained, I currently avoid. Hopefully this was followed as the shares are currently the biggest fallers today – on an “HMRC assessment and proposed board appointment” announcement…

Utilitywise – “in line” update… but that is with expectations set on the last day of the year under review!

Published 56 days ago

With its direction of financial performance reflected in a share price down from not far off 200p at the commencement of 2017 to 73p, an “in line” trading update from Utilitywise (UTW) might be expected to boost the shares. It hasn’t…

UK Oil and Gas and Regency Mines – deal completes, which one is a BUY (if either)?

Published 56 days ago

UK Oil and Gas (UKOG) has completed the transaction with fellow AIM-listed Regency Mines (RGM) announced on 10th July under which a 1.9% shareholding in Horse Hill Developments Ltd heads to UKOG in a cash and shares deal.

Entu – now do the morons believe us? “Proposals… attribute no value to the equity”, shares suspended

Published 57 days ago

Despite having stated early this month “all of the proposals received attribute little value to the equity in the company”the daft egged on by the mendacious led shares in Entu (ENTU) to recently bounce. This was also despite numerous warnings HERE. Now it’s “Suspension of Trading on AIM”

Robinson plc – interims talk of ‘recovering margins’ & “further growth”, so why are the shares slumping?

Published 57 days ago

Packaging company Robinson (RBN) has announced results for the first half of 2017, including “we do expect to see sufficient new business coming through in the second half to achieve growth in revenue for the year as a whole and we expect to continue to build the pipeline for further growth in 2018”. However, the shares are currently 6.5% lower, at 121.5p…

Entu- such a familiar pattern of stupidity and mendacity

Published 58 days ago

Shares in ENTU (ENTU) were off by 13% today so forcing a statement clarifying just how fucked the company is. Either the company gets a refinancing which will see shareholders almost entirely wiped out or the PLC will go into administration which means a 100% wipeout. The shares are now 36% off at 2.25p but that is still more than double where they were on August 2nd when Entu made almost the same admission.

Optibiotix extends Sacco deal - another piece in the jigsaw: KEEP BUYING!

Published 58 days ago

Optibiotix (OPTI) has announced that it has extended the Europe wide supply agreement announced with Sacco in March to cover the USA and Rest of the World. The new deal grants Sacco an exclusive licence to manufacture and supply OptiBiotix's cholesterol and blood pressure reducing LPLDL® strain in the US and ROW, in return for 50% of the profit, with a guaranteed cost of manufacture and minimum sales price per kilogramme to secure against discounting.

GAME Digital – “Year-end Trading and Business Update”, some encouragement?

Published 58 days ago

GAME Digital (GMD) has announced a period ended 29th July 2017 “Year-end Trading and Business Update”, including “following the launch of the Nintendo Switch console in March 2017, both the UK and Spanish video games markets have experienced growth”

Goodwin – full-year results, sufficient value to compensate for “continued tightening”?

Published 58 days ago

With I having questioned in March 2:15pm ‘Interim Management Statement’ a cause for alarm?, mechanical and refractory engineering company Goodwin (GDWN) has now announced results for its year ended 30th April 2017…

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

Published 59 days ago

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

Sphere Medical – Yet another Woodford debacle: it’s all becoming a bit too common

Published 59 days ago

When Neil Woodford launched his Patient Capital Trust (WCPT) to much fanfare in 2015, everyone waited expectantly to see how he would start spending the £800 million war chest and so one had high hopes in April 2015 with the announcement of the first investment for the fund, namely a £4 million investment in an exciting quoted biotech play, Sphere Medial Holdings (SPHR). As an announcement last night showed, it has been as successful (or not) as one of his other uber-dogs RM2 International (RM2).

Red Leopard Holdings: Shock TR-1’s – Spreadex has been selling out

Published 59 days ago

wrote at the weekend about the surprising lack of TR-1’s at Red Leopard Holdings (RLH), particularly from the largest shareholder Spreadex, with the company having gone into suspension pending an RTO. Well, as if by magic, they arrived yesterday, after hours of course.

DX Group – following reverse takeover discussions being terminated, shares now resume (downwards)…

Published 60 days ago

Shares in parcels, mail and logistics group DX (DX.) have returned from suspension of trading today – and are currently more than 10% lower at 8.5p…

Bluebird Merchant good news from the land of the dog eaters: buy

Published 60 days ago

Bluebird Merchant Ventures (BMV) has announced that work is now underway to open up three entrances to the mine at Gubong in South Korea. The target entrances were found using Ground Penetrating Radar, chatting to the locals and from historical information on what was once the country's second biggest gold mine.

Falanx share price decline - not warranted: BUY and watch this space (soon)

Published 61 days ago

Shares in Falanx (FLX) have slipped and slipped most of the summer. The reality is - as we noted with Optibiotix (OPTI) the other day  - that sensible folks are sitting on beaches and this means that there is a bit of an absence of buyers. Well let us clarify there is certainly an absence of buyers for small cap stocks where there has been no news and Falanx fits that bill.

YOLO: Well, it worked so well for CloudTag I guess…..

Published 61 days ago

I had to laugh this week when I witnessed the marketing genius of one of the key investments of YOLO Leisure and Technology (YOLO) which came straight out of the CloudTag playbook and would be well known to most readers here. How could it possibly go wrong?

Notes from Underground: Telit to the hand

Published 61 days ago

I had an oniine conversation with an FT reporter about the Telit affair over how the FT would rather credit some Italian newspaper than your obd't one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares. They had to credit somebody given that the FT did not break the story themselves. How convenient for them. CityAM and other publications went with credititing nobody at all. The story broke itself!

Red Leopard Holdings: Promising RTO announced – shareholders must be pleased (whoever they are!)

Published 62 days ago

With ten days to go until enforced suspension, Red Leopard Holdings (RLH) announced a potential RTO on Friday relating to a coal project in Colombia. I thought I’d take a look at what it might mean for the shareholders which raised the question as to the bloody shareholders actually are – does no-one file a TR-1 anymore??

Table of shorted AIM shares - week to 18/08/2017

Published 62 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Management Consulting Group – half-year results, an ‘operational improvement implementer’ which needs some of its own medicine!

Published 62 days ago

Management Consulting Group (MMC) Chairman & Chief Executive Nick Stagg, with the company’s results for the first half of 2017, is “pleased to report that Proudfoot, Management Consulting Group’s continuing business, has made progress in the execution of its strategy”. The market is not however pleased – the shares down 8.5%, to 7p…

Central Asia Metals is probably the most under-valued commodity play on the market!

Published 62 days ago

There are times when a large background seller can present a good buying opportunity, and an institutional investor offloading shares isn’t always a sign that the company is failing to perform.

Is IQE Another ASOS? It May Not Be, But Can We Risk Letting Our Shares Go?

Published 62 days ago

Hello, Share Scramblers. Let’s just have a few more thoughts about one of the fastest rising shares of the year: IQE (IQE). First of all an admission. I was stupid not to have sold all my shares when the price rose above 140p. My most golden rule is to sell after a big leap and I bought many of these shares at 16p.

SRT Marine Systems – order “for the world's biggest single deployment of AIS AtoN”. Wow… Or not…

Published 63 days ago

Following the postponement of a significant contract announced at the end of last month, SRT Marine Systems (SRT) has now announced an “AIS Aids to Navigation Contract”, including that “the order is for the world's biggest single deployment of AIS AtoN”. The world's biggest hey, sounds impressive!…

PCG Entertainment – Lots to like about this funding deal other than…….WHY??

Published 63 days ago

Like Richard Poulden, CEO of PCG Entertainment (PCGE), I have a bit of time for Brian Kinane at Riverfort. As someone who believes in transparency and clear communication, my view is that Brian is trying to bring some of that to the world of small cap funding, particularly where the dreaded phrase “ death spiral” is concerned and there’s a few points here to be applauded. It still doesn’t prevent the obvious question being aimed at Mr Poulden though – WHY RAISE MORE FUNDS NOW?

EU Supply – does “Contract win” merit a 12% share price rise?

Published 63 days ago

Having reached 18p last month, shares in e-procurement software provider EU Supply (EUSP) had slipped back slightly – but are currently further higher on the back of a “Contract win” announcement. This following a trading update earlier in the month…

Capital Drilling – half-year results include “broadened” uplift in activity, so why are the shares lower still?

Published 64 days ago

Drilling services company Capital Drilling (CAPD) has announced results for the first half of 2017, including that an initial uplift in activity has broadened with an improving outlook in industrial metals and capital markets activities support. Why then are the shares further lower, below 40p, having been above 60p earlier this year?...

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

Published 64 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

Idox – acquisition aids a rating which is “highly attractive”… Or is it?

Published 64 days ago

Having reached more than 75p in May, shares in information management technology and services company Idox (IDOX) declined below 60p early last month before recovering above 65p - then declining towards 60p again. The company is now “pleased to announce that it has acquired… Halarose, a supplier of electoral back office software and services to UK local authorities, for £5.0 million, comprising £3.5 million in cash and £1.5 million in shares” (at 61.5p)…

Optibiotix - we buy more shares for first time in two years, price is just wrong

Published 64 days ago

Thanks for all the emails on Optibiotix (OPTI). We understand seeing the shares slide back to 53p odd is alarming. To one or two of you, there is no need for such language! To the rest of you here goes.

AIM Dog Servision: another warning and it is death spiral and dilution frenzy ahead

Published 64 days ago

When serving up god-awful FY numbers on deadline day ( June 30th) it was shown that uber dog Servision (SEV) had serially misled investors and indeed told outright lies over the prior half year. Rover also served up its second profits warning in two weeks with the god-awful numbers and 'fessed up "Our working capital position is tighter than we anticipated" - I should cocoa. Today it got worse.

I will make this simple enough that even Bushveld shareholders can understand it

Published 64 days ago

I'd like to start a competition to find the AIM shareholder list with the lowest average IQ. I am beginning to think that it may well be that of Bushveld Minerals (BMN). Sure its shares are up by 400% since the pump and dump of last fall (exposed HERE) and they may rise again on the latest pump and dump of yesterday (HERE) but folks need to be aware that a placing is a slam dunk cert. Oh no, say some very stupid people.

Epwin – a trading update from the same stable as Entu. TIMBERRRRR…

Published 65 days ago

From the same stable as Entu (DISGRACEFUL: having only IPO’d on AIM in October 2014, now “all of the proposals received attribute little value to the equity”), a “Half Year Trading Update and Notice of Results” announcement from Epwin Group (EPWN)…

Quarto – with reaction to results having initially been salvaged by an “attractive” price takeover approach… discussions now terminated

Published 65 days ago

Publishing group Quarto (QRT) last week announced self-admitted “below expectations” first half of 2017 results, including a significantly increased adjusted pre-tax loss of $8.7 million. However, the share price was saved by an also announced “attractive” price takeover approach. Now though there’s a “Termination of Discussions with Potential Bidder” announcement. Uh oh…

Laura Ashley – a 1:30pm “Notice of Results & Trading Update”. Routine, right? Er…

Published 65 days ago

A 1:30pm “Notice of Results & Trading Update” announcement from Laura Ashley (ALY). With the time of it and “Notice of Results” stated first, surely just a routine announcement? Right?...

News from the Boiler Room - £300k placing at 0.12p, conditional on GM at Inspirit

Published 65 days ago

7.45am Tuesday brought news of a placing by AIM-listed Inspirit Energy Holdings (INSP) for just £300,000 at 0.12p. Even that figure had to be propped up by a £50,000 contribution from (corporate Red Flag) CEO and Chairman John Gunn. It won’t last long, even if they get it through a general meeting to allow it to happen.

CyanConnode – emphasises “leading position”-reflecting Purchase Order Extension. Hmmm…

Published 65 days ago

Emphasising “reflects the company's leading position within the smart metering industry across both emerging markets and Europe”, CyanConnode (CYAN) has announced “a $10 million purchase order extension from its specialist in energy management systems customer for a smart metering contract in Bangladesh”. What does this though mean in context?...

Challenger Acquisitions: Really ugly stuff – no winners here, other than Yorkville and Magna of course

Published 65 days ago

I’ve been keeping my powder dry on Challenger Acquisitions (CHAL) in recent weeks despite the rampfest extraordinaire going on in all the usual places. However, the two RNS’s yesterday have got me banging at my keyboard as it highlights the shoddy behaviour going on. It’s clear who the CEO, Mark Gustafson, is really working for here, namely the death spiral funders backing this piece of crap.

Oooo Err MRS – “Trading Update” from Management Resource Solutions at 08:19. Uh oh…

Published 66 days ago

Previously described as an A-grade howler HERE, there is now a strange-time “Trading Update” announcement from Management Resource Solutions (MRS). Strangely timed such announcements are very seldom good news and, combined with the track record here, I’m guessing there’s only one scenario…

CAP-XX – “First high-volume order for Thinline”. Sounds exciting, but is it?

Published 66 days ago

Having reached above 12p in February before falling back, including post a trading update in June, shares in CAP-XX (CPX) have currently returned to those prior highs on the back of a “First high-volume order for Thinline” announcement. Why “high-volume” though rather than an actual number? Ramptastic?...

Jim Mellon's FastForward Innovations: Details finally come out of the Schoold merger horror show – shareholders look away now!

Published 66 days ago

After months of promises and delays, Jim Mellon's FastForward Innovations (FFWD) finally provided further details of the potential merger of investee company Schoold with Lingo Media this morning. I can see why it was reticent about making the announcement as it doesn’t make pretty reading.

Tracsis – “considerably stronger” second half & “well positioned” trading update, so why are the shares unmoved?

Published 66 days ago

Rail and traffic-focused technology and services company Tracsis (TRCS) has updated on a second half of its financial year ended 31st July 2017 “considerably stronger than the first half” and that “initiatives, our continued diversification, a good pipeline of M&A prospects, and anticipated industry momentum leaves the group well positioned as we enter the new financial year”. The shares have though currently responded unchanged at 440p. Hmmm…

Ferrum Crescent - still burning through cash and achieving little of note!

Published 66 days ago

With any AIM listed natural resources company it is always interesting to look at where the company is at this point in time when compared to the accumulated losses of the business since it started.

DX Group – “strong strategic logic” & “opportunity to deliver significant value” reverse takeover discussions… terminated

Published 66 days ago

Having on 31st March announced “strong strategic logic for all stakeholders” and “opportunity to deliver significant value” DX Group (DX.) reverse takeover discussions for John Menzies' Distribution division – and on 5th June “agreed revised terms”, there are now “Termination of Discussions” announcements…

DCD Media – delighted to announce a contract win... but what about the financials?

Published 67 days ago

DCD Media (DCD) is “delighted to announce” a contract win with American female network WE tv. The stockmarket reaction isn’t delighted…

LightwaveRF – another ramptastic Apple-linked announcement. Discounted placing ahoy?

Published 67 days ago

LightwaveRF (LWRF) has announced what CEO Andrew Pearson emphasises as “a further exciting development” in that its “next generation Apple HomeKit certified product range, for controlling smart devices with iOS apps and Siri voice commands, will be released on 3 October 2017… will be on sale in Apple retail stores in the UK and the UAE, online via apple.com and at other selected retail outlets”. Ramptastic!...

Mirada trading statement, feel that cashburn - placing ahoy

Published 67 days ago

With apologies to my fellow bear Matt Earl, the Dark Destroyer, who is a NED at Mirada (MIRA) but today's trading statement moves swiftly from gushing about jam tomorrow to a a damning admission of the monumental cashburn which leave the balance sheet holed beneath the waterline. It is placing ahoy and for a company of this size that means bucket shops and a deep discount

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

Published 67 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.

Congratulations! - You're a Share Winner In the 68,000 Club

Published 67 days ago

Hello, Share Jigglers. The stats show that more than 68,000 different people logged onto this magnificent website last week. Darren Atwater, who recorded this amazing count is too modest to comment. So allow me to note that 68,000 is the equivalent of the entire population of a very big town.

New Bulletin Board Moron of the Week contest - sponsored by the fund managers who knew so much better than the dirty plebs on Telit

Published 67 days ago

Just three months ago some of Britain's top fund managers ploughed more than 50 million dollars into a placing organised by AIM dog Telit Communications despite numerous warnings from ourselves and others. But they knew better and anyhow it was other people's money. The shares have collapsed today to less than half the placing price after the most awful set of interims. But the fund managers will still earn Inter City salaries + ( more than 125) and fat bonuses so who cares? Are there any folks in the share world dumber than those fund managers? Er.... 

Ariana – gold price, production news and share price

Published 68 days ago

After my mea culpa of June 20th we have had further news. It has taken a bit of time to digest, but overall it looks positive to me, if rather laced with jam-tomorrow. With the share price finally off its low point of just 1.25p, let’s look through the detail.

Emails sent to AIM Regulation & Nomad Finncap after today's Telit bombshell - this must be suspended 7 AM Monday

Published 68 days ago

This is becoming Globo v2 at a an alarming rate. Today's bombshell dossier on Telit Communications (TCM) nails it as a slam dunk ZERO beyond all doubt. The only way that the shares do not completely crater in the morning is if they are suspended first. And that is exactly what should happen. As such I sent a couple of emails last night. One to tthe head of the Oxymorons Marcus Stuttard and his clueless colleagues, the Keystone Cops at AIM Regulation and the other to the folks at Nomad FinnCap from CEO Sam Smith via head of Corporate Finance Stuart Andrews down to analyst Lorne Daniel with a minor jackal in Corporate Finaance also included in case Andrews is too busy with his polo ponies to read emails on a Sunday. Enjoy!

Kaz Minerals offers a buying opportunity on this dip

Published 68 days ago

Kaz Minerals (KAZ) is a great example of the extent that commodity prices can effect larger miners, and the recovery in copper prices has seen the share price trading at multiples of where it was just 18 months ago.

KERBOOM - THE FULL SHOCKING DOSSIER, New fraud revealed - This is why Telit is Globo Mk2 and why it is going to 0p

Published 68 days ago

Over the past week I have shown that Telit Communications (TCM) is run by a man who fled fraud charges in the US but changed his name to avoid investors knowing, I have flagged up banking covenant breaches, red flag strewn interims and an Italian criminal investigation. But that was just an appetizer. Today I give you a full dossier with shocking NEW material, which shows this is Globo Mark 2. it is a fraud and its shares are going to zero.

Notes from Underground: Here's a buy recommendation: invest in moped shares

Published 68 days ago

London has a real table problem. At least the outdoor ones, and I don't see Mayor Sadiq Khan putting any effort into it.

Orogen - another £250k loaned - expect RTO before mid Sept

Published 69 days ago

Orogen (ORO) has announced that it has lent another £250,000 to online e-tailer Thread 35 Ltd, trading as Sosandar. Time to panic? No. As loyal shareholders at FIML we certainly are not doing so.

Table of shorted AIM shares - week to 11/08/2017

Published 69 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week (see HERE) - you may note a sharp increase in the Telit (TCM) short position even though the shares have collapsed. The bear community smells a zero here, this is Globo all over again - note Tom Winnifrith's smoking gun of earlier & ignore it at your peril 

Vitesse Media – full-year results & more, a lot can happen in 36 minutes here it would seem!

Published 69 days ago

A 10:35am results announcement from Vitesse Media (VIS). Not a portend for a positive announcement I’d suggest - and then 36 minutes later a “Directorate Chg, Hldgs in Co, Proposed Fundraising” announcement. Hmmm…

Four Nuclear Missiles, Big Threats and the Impact on Your Shares

Published 69 days ago

Hello Share Crunchers. We have a little saying in our family. ‘There’s always something…’ Meaning, however well things seem to be going, there is invariably a major snag to  contend with. 

Domino's Pizza – ‘new partnership’ announced twice it’s seemingly so excited by it, the market’s distinctly less so…

Published 70 days ago

Domino's Pizza Group (DOM) is seemingly so excited by its “new franchisee partnership” that it’s announced the news twice this morning. The market response is though distinctly less excited – the shares down around 4% at sub 270p…

PHSC – full-year results state recent “improving picture”, so why are the shares sliding?

Published 70 days ago

PHSC Plc (PHSC), “a leading provider of health, safety, hygiene and environmental consultancy services and security solutions”, has announced results for its year ended 31st March 2017 which feature as the first two “Financial Highlights”“Underlying EBITDA loss of £0.1m, down from a profit of £0.368m last year… Group revenue rose to £7.16m compared with £7.04m last year”. Hmmm, “a leading provider” ya say?...

MySQUAR: Finally, house broker Beaufort confirms “operating break-even” actually means “still heavily loss-making”

Published 70 days ago

I always take house broker notes with a heavy pinch of salt as they will paint as optimistic a picture as possible so this morning’s effort from Beaufort Securities on its client, MySQUAR (MYSQ), surprised me somewhat with its honesty but it’s good to finally put the nonsense about “operating break-even” to bed.

Fairpoint – I previously said ‘a fair point towards disaster’, now it’s all the way…

Published 70 days ago

I previously wrote on Fairpoint Group (FRP) on a June update that it would not be in a position to publish its annual report and accounts in the six months from year-end it has under AIM rules as it was unable to sign-off the audit after having “been notified by its bank, AIB Group (UK) plc, that it is unwilling to provide the level of on-going support requested by the company”. This saw me note ‘a fair point towards disaster’… and now it’s all the way…

Kefi a buy at 5.5p worth 26p says broker Cantor Fitzgerald analyst Asa Bridle

Published 70 days ago

I see a note about how this research is only meant for funds with $100 million under management but as it is house broker, so clearly not impartial, Cantor's job is to promote the stock so I am sure it will not mind me giving it a wider airing. As it happens, analyst Asa Bridle is no fool so I am not ignoring what he says completely. We own the shares and think they should be trading at 13p+. But 26p? Over to the expert...

Echo Energy: How insiders made over £3 million in less than a month – shocking non-disclosure

Published 70 days ago

My last piece on Echo Energy (ECHO) looked at how connected party Greenberry was making a fortune out of the ramp and also looked at rather odd TR-1s. Well history is repeating itself and, as always expected, yesterday’s TR-1 shows how the other connected “institutional investor” here, Pegasus, has also made a very quick buck - not that it told anyone when it was doing so!

Volex – a continuing recovery?

Published 70 days ago

Having been just above 40p, a June results announcement emphasising “strong cash generation and returns to a net cash position. Restructuring activities and tight cost control contribute to an increase in underlying operating margins” saw shares in power cord and harness assemblies company Volex (VLX) rise over the next month to comfortably above 60p. They are currently though back below this level after AGM and strategic partnership announcements…

DFS Furniture – earnings “at the low end” of a range given less than two months ago...

Published 71 days ago

Following a June profit warning which saw them down to 200p, shares in DFS Furniture (DFS) had recovered to above 230p. They are currently though back below 220p on a “Post-Close Trading Update”

St. Ives – results expected to be at “top end” – but that is of previously heavily reduced expectations...

Published 71 days ago

Marketing services group St. Ives (SIV) has announced results for its year ended 28th July 2017 “are expected to be at the top end of the range of current market expectations”. Sounds promising, but what are those expectations and their context?...

Surface Transforms – “pleased to announce” result of open offer excess. Hmmm…

Published 71 days ago

With its shares having been above 20p at the start of 2017 and still above 19p in June as it attempted to mitigate “we continue to look forward with confidence”, Surface Transforms (SCE) has announced the final result of a fundraising which it has emphasised has seen a “most encouraging response from shareholders”. At what price per share again?...

InterQuest – independent director hits back as management-buyout attempted robber barons announce unconditional offer now closed

Published 71 days ago

An “Offer Closed” announcement from the attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) has been met by a firm response from InterQuest’s independent director…

Zamano – believes close to a sought business disposal, so why are the shares lower?

Published 72 days ago

Attempting to sell its ‘premium SMS’ business and “in discussions with a number of parties”, Zamano (ZMNO) now “believes it is close to executing a transaction with a preferred party”. Sounds positive, so why are the shares lower, further below 4p?...

Xtract Resources: Please Colin, get help for this addiction – STOP ISSUING SHARES!

Published 72 days ago

Xtract Resources (XTR) can’t help itself. In a carbon copy of the manoeuvre back in February earlier this year, it has announced a placing at a shockingly low price just as some positive sentiment was returning around the potential alluvials revenue. Let’s take a closer look.

Tasty – “trading across the estate below management's revised expectations”. Uh oh…

Published 72 days ago

March-announced 2016 results from restaurant group Tasty (TAST) included that “the directors believe the group's core 'Wildwood' brand remains attractive to customers”, but that “trading since year has proved challenging and the directors are now expecting headline operating profit for 2017 to be below that achieved in 2016”. Hopefully the warning was heeded as the shares are currently further lower on the back of a “Trading Statement” announcement…

Telit Communications: to have had one crook on the board is understandable but two looks like carelessness

Published 72 days ago

I so enjoy misquoting my fellow Anglo Irishman Mr Wilde. He knew a bit about the inside of a jail cell and that brings me to Telit Communications (TCM). Oozi cats, aka Uzi Katz, has "temporarily" (my arse) left Telit Communications (TCM) following the Boston fraud revelations but this is not the first time that the company's officers have had a spot of bother with the law. Meet Avigdor Kelner.

Caspian Sunrise could have a bright future

Published 72 days ago

Sometimes geographical location can be enough to put off investors, but in a lot of cases that is unjustified and means that companies operating in these areas can represent good value for money.

Quarto Group – a bad first half, but states there's an ‘attractive price’ takeover approach…

Published 72 days ago

Following a recent profit warning, so tries to emphasise “transitional year”, publishing group Quarto (QRT) has announced results for the first half of 2017… as well as an “attractive” price takeover approach…

Earthport – “delighted” to announce further partner agreements, but what about that prior “commitment” to cashflow positive?

Published 73 days ago

Since I previously updated in July, shares in payment services company Earthport (EPO) had been heading higher, with it also announced “Earthport Partners with Kotak Mahindra Bank”. However, they are currently slipping back on an “Earthport Plc expands into Nigeria” announcement…

EVR Holdings: Hello - is this the best ramp ever?

Published 73 days ago

I’m not a huge fan of EVR Holdings (EVRH) but I have to give a hat-tip to those behind this ‘warrant selling machine’ for one of the best ramps I’ve seen in recent times. Congrats to all concerned.

Real Good Food – tottering, tottering… & Exec Chairman of “consultancy services” infamy eventually Totté(rs) off

Published 73 days ago

On the back of real bad news & disclosure, I suggested a lack of confidence in the top brass of Real Good Food (RGD) HERE. I thus note with interest today an announcement entitled “Board Changes”

Imaginatik – full-year results, “a year of good progress”. Really?

Published 73 days ago

Innovation technology and consulting company Imaginatik (IMTK) has announced results for its year ended 31st March 2017, arguing “a year of good progress as we continue to position the business to capitalise on the growing market opportunity available”. The shares though are at a depressed 2p, so what’s the story?...

Transense Technologies – another contract win announcement sees shares further higher, BUT…

Published 74 days ago

Having previously noted shares in Transense Technologies (TRT) retaining their something of a recovery, they are currently further higher today, at 80p, on the back of an announcement of a “New iTrack Contract Win with BHP in Australia”

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

Published 74 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 - Smelly Cat, smelly Cat - its not your fault: talk me through the share dumping timeline again

Published 74 days ago

I have just posted my analysis of today's disastrous interims from Telit Communications (TCM). This company is just drowning in red flags and the shares have crashed from 340p on May 25 when CEO Oozi Cats flogged £24 million worth to 156p. I could see this being a zero as explained in full HERE. But perhaps Oozi can help me on a few timeline issues just to explain why he is not an insider dealer. In return I have a special musical video just for him below...

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

Published 74 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.

21st Century Technology – Contract Win share price rise, but what of margins & the balance sheet?

Published 74 days ago

The largest percentage share price riser in London currently today is transport technology company 21st Century (C21). This is on the back of a “Contract Win” announcement…

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

Published 74 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...

It's time to consider banking some profit on Dotdigital

Published 74 days ago

Even with shares which have exhibited steady share price growth over a period of years there comes a time when you have to consider selling up and moving on, especially in cases where the market valuation looks to be ahead of the financials.

Action Hotels - new opening, share price daft: BUY

Published 75 days ago

Action Hotels (AHCG) the owner and manager of 3 and 4 star hotels in the Middle East and Australia, has opened of its second hotel in Bahrain, ibis Styles Manama Diplomatic Area.

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

Published 75 days ago

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

Notes from Underground: They're not saying Boo, they're saying Booo-urns

Published 75 days ago

The story of our week has been our turmoil with generic file hosting PLC, Audioboom. It's a sad fall for them. Created in 2013 as Audioboo, the service was intended as a resource for journalists (and musicians) to create audio clips as easiily as taking a picture. Founder Mark Rock talks about how instrumental Audioboo was during the Arab Spring uprisings here.

Entu equity holders face wipe out - yet some PIs continue to buy!

Published 76 days ago

Over the years I’ve watched the dying stages of a number of companies with interest, and in many cases you see a similar pattern in terms of share price movement.

Table of shorted AIM shares - week to 04/08/2017

Published 76 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Tips to Help Spot that Vital Moment when the Current Bull Market Turns into a Raging Bear.

Published 76 days ago

Hello, Share Bangers. There’s little doubt about it the good ship Shareland is entering very spooky waters. At any time now, the bull market will suddenly turn into a bear that will charge around the china shop. Mixed metaphors a speciality!

Dead cat Bounce: Entu, like moths to the flame, the Bulletin Board Morons line up to get burned

Published 77 days ago

Two days ago Entu (ENTU) issued a statement which essentially said that its shares were worthless. Yet today the shares have rocketed by 230% to 4.3p. This is the classic dead cat bounce.

Zinc Media – believes profitability “will increase substantially”… though it talking ‘adjusted EBITDA’?

Published 77 days ago

I previously wrote on TV and multimedia content group Zinc Media (ZIN) on its results for its half year ended 31st December 2016 HERE. Recently the company, and now also its broker, have updated…

Stanley Gibbons – with a sale already having been delayed, an “Update on Interiors Division”. Uh oh…

Published 77 days ago

End December-announced half-year results from Stanley Gibbons (SGI) showed, after a net £3.3 million of ‘exceptionals’, a pre-tax loss of over £6 million and noted, with net debt at £16.5 million, it “working on a number” of balance sheet initiatives. In May it announced a £2.4 million sale of a major part of its Interiors division and, with this then delayed to 3rd August, we now have an “Update on Interiors Division” announcement…

Buy Bluebird Merchant Ventures at up to 2.5p

Published 77 days ago

*Bluebird Merchant Ventures (BMV) is a former unsuccessful share tip  of ours – though our 3.5p July sell advice has proven correct, with the shares presently at a 2.5p offer price. However, there is now a new CEO and a new focus which leaves the shares materially undervalued at the current sub £5 million market cap and we are expecting more news soon...

Is the post Letts bounce in blur justified? Nope - at last Roger Lawson is 100% right

Published 77 days ago

On Monday evening we were treated to the shock news that blur (BLUR) founder Phil Letts had been given the order of the boot just 18 days after his ghastly Mrs Kara Cardinale was also handed a P45 and a black bin liner. While the two of them relax at their luxury Devon Estate, shares in blur have enjoyed a relief rally to 4.75p ( now just 98.5% off their peak) but is that share price spike justified. Like hell it is.

InterQuest – management-buyout attempted robber barons back with an “Update”, so am I…

Published 77 days ago

The attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) have made an “Update” announcement suggesting generosity; “in order to give holders of InterQuest shares who have not accepted the offer prior to the closing of the offer an opportunity to do so”. Au contraire…

BREAKING: FRC Letter - Servision forced to change accounts by Tom Winnifrith, delayed profits warning explained

Published 77 days ago

The big issues for AIM uber dog Servision (SEV) have always been its lack of cash generation which has forced bailout placing after bailout placing and its aggressive revenue recognition policies designed to boost the share price to allow the placings to take place. Lately there has also been an issue with withholding (bad) price sensitive information. On the revenue recognition issue I went into battle 19 months ago, reporting the company to the Financial Reporting Council and now we have another small win for the Sheriff of AIM. A letter from the FRC has just arrived...

Portmeirion Group – half-year results; argues “positive”, but how so?

Published 78 days ago

Portmeirion, Spode, Wax Lyrical, Royal Worcester and Pimpernel homewares company Portmeirion Group (PMP) emphasises it “pleased to announce a positive trading performance for the first six months of 2017”. Let’s take a look…

Gattaca – argues “broadly in-line” – though forecasts were cut as recently as April…

Published 78 days ago

Having previously written on engineering and technology recruitment company Gattaca (GATC) in April - half-year results, General Election the next ‘uncertainty’?, the company has now updated on trading for its year ended 31st July 2017…

Gulf Marine Services – 3:21pm “Trading Update” announcement. Uh oh…

Published 78 days ago

A 3:21pm (and thus clearly unscheduled) “Trading Update” announcement from Gulf Marine Services (GMS). However, it starts “overall the group is continuing to see good levels of tender activity and is progressing a number of opportunities”. Not as bad as feared then? Er…

Next remains cautious but the shares romp...and remain on sale

Published 78 days ago

Such is the current pessimism about anything to do with UK retailers that despite confirming that this financial year will see a fall in profitability of between 6.9% and 13.4%, it is perfectly logical that Next (NXT) shares should be up handsomely today.

Highland Natural Resources: Company Meet & This is why you should all be with PrimaryBid

Published 78 days ago

Highland Natural Resources (HNR) did an offer with PrimaryBid less than a month ago at 12p. I suggested having a flutter and with the shares at 21.25p offer I feel 100% vindicated - I met up with Dr Robert Price earlier this week here in Bristol.

Falanx - upgrade stance to BUY, share price decline baseless

Published 78 days ago

Shares in Falanx (FLX) have fallen back to 5.25p -5.75p which is very frustrating indeed for we shareholders as there is no fundamental reason for a sell off. We have spoken to the company and are told:

Walker Greenbank – “pleased to announce” half-year trading update, are the shares a buy?

Published 79 days ago

Luxury interior furnishings company Walker Greenbank (WGB) “is pleased to announce its pre-close trading update for the six months ended 31 July 2017” - with this commencing with that brand sales “were up 35.6% in reportable currency compared with the same period last year”. Sounds good, so why are the shares currently sliding back slightly?...

Northbridge Industrial Services – half year update it’s “pleased to issue”… shares further slide

Published 79 days ago

Northbridge Industrial Services (NBI) “is pleased to issue” a half year trading update, which includes “expects the results for the first six months of 2017 to be in line with management's expectations” and that “the growth of renewable power generation in advanced economies have already provided profitable opportunities”. So why are the shares sliding back below 100p?...

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

Published 79 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…

James Halstead – “confident of once again reporting record turnover and profits”, so why are the shares lower?

Published 79 days ago

I previously wrote on commercial flooring manufacturer and distributor, James Halstead (JHD) in January on the back of a trading statement taking the shares back up to 500p – though concluding I still particularly wary of the valuation and continued to avoid. There is now a pre-close trading statement which sees the shares comfortably below 450p…

blur Group – “pleased to announce” (late) results. It shouldn’t be…

Published 80 days ago

Following it having missed the six month deadline for full-year accounts publication (as, pending the securing of funding, it was “unable to sign-off the audit”) – and the shares resultantly having been suspended, blur Group (BLUR) now “is pleased to announce its audited final results for the year ended 31 December 2016”. Hmmm, “pleased” hey?…

Jim Mellon 's Regent Pacific profits warning - premature ejaculation proving a bit of a cock up

Published 80 days ago

Oh dear, oh dear, it seems as if my old friend Jim Mellon had a bad day at the office on Friday. Hat tip to a reader who has just alerted me to a quite diabolical (lack of) profits warning from Regent Pacific which has many British shareholders thanks to its all share rescue takeover of AIM dog Plethora (PLE).

Pantheon Resources - why does anyone believe a word it says? Why have directors not been fired?

Published 80 days ago

On 25 January 2016 I accused Pantheon Resources (PANR) of being a mug punter fave and of being ready to do a placing. A huffy puffy PR person got a huffy puffy FD to call me to tell me that I was talking bollocks. The City was reassured that I was a prize poltroon/failed fund manager/pizza delivery boy/drunk and , assisted by a scandalously ramptastic operations update, the company raised $30 million at 115p in early March. Why is this ancient history so important?

Table of shorted AIM shares - week to 28/07/2017

Published 80 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Falcon Media House: Cap in hand already – FCA should investigate

Published 80 days ago

Falcon Media House (FAL) finally reported its year-end results yesterday on the last possible day and, surprise, surprise, despite only coming back to the market 4 months ago, with 12 months funds in the coffers, honest, it has now had to admit that it needs more funds. This is shoddy stuff and is an area where the FCA should investigate.

SRT Marine Systems – “MDM Contract Update”, shares down 20%. Uh Oh…

Published 81 days ago

An “MDM Contract Update” announcement from SRT Marine Systems (SRT) – and the shares currently down approaching 20% in response. Uh oh…

Utilitywise – early adoption accounting change announcement coincides with profit warning which wouldn’t have been!

Published 81 days ago

Previously writing on Utilitywise (UTW) it was a case of it having been wise to red flag, as (Utility)unwise energy consumption projections see the shares crash. I concluded ‘is there anything else to emerge from the changes required to ‘increase transparency’? The visibility here sees me continue to avoid’. The shares are today further lower on “Early Adoption of IFRS 15” and “Trading update” announcements…

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

Published 81 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.

Asiamet is well placed to benefit from future copper shortages

Published 82 days ago

Copper prices have remained volatile but continue to push higher, and if this continues it will be a very bullish signal for both producers and those looking to bring new projects online.

Tungsten Corporation. Keep Selling at 61p

Published 82 days ago

Tungsten Corporation (TUNG) released its prelims for the year to April 2017 this week and there are few signs that a viable business is emerging from the mess left by founder Edi Truell.

Notes from Underground - NISA to see you, to see you NISA

Published 82 days ago

A business story that I have found facinating is the attempted takeover of NISA (the food shop people) by Sainsburys. We don't cover it because there is no investor angle. But the human angle is, always, unpredicable.

Minoan – interims, “about to enter the most rewarding period”...

Published 83 days ago

Minoan (MIN) has announced results for its half year ended 30th April 2017, with Chairman Chris Egleton emphasising “following the dismissal of the Appeals against the Presidential Decree granting Outline Planning Consent for its Project in Crete, and the continued increase in the profitability of its travel business, the Group is about to enter the most rewarding period in its history”

MySquar - the numbers just make no sense whatsoever - what is it hiding?

Published 83 days ago

AIM Casino uber-ramp MySQUAR (MYSQ) 'fessed up on Friday that, as I had revealed 24 hours prior, a placing was underway but it insists that it does not need the cash. Really? I want you to consider a few numbers.

It's Nearly Always Best to Sell After a Big Jump, So Why Can't I Do it? Ref IQE

Published 83 days ago

Hello, Share Twiggers. Probably the hardest decisions we have to make as diligent share shifters is when to sell a big winner. Because even the strongest share can reach a point where it is overbought. It may continue to defy gravity for some time, but what goes up too far must come down.

Lucian Miers continues his World War Two analogy as UKOG shares slide like a dead German body on a Russian ice lake

Published 84 days ago

Oh how the Lucian Miers baiters were having fun a couple of days ago as UK Oil & Gas (UKOG) shares hit 11p. The Bulletin Boards were full of folks gloating about impending poverty for Lucian and for bears such as Waseem Shakoor. The biggest morons were adding to their holdings as they talked of ever more fanciful targets. Oh dear, as wre speak it is those who averaged up who are now hurting and hurting badly. The shares are just 6p-6.15p.

How to lose more than 50% of your cash in 2 weeks - ask an Andalas owning moron: placing imminent? £550k Loan to be repaid by deadline today? er....

Published 84 days ago

Two weeks ago exactly AIM Casino listed crock of shit lifestyle company Andalas Energy (ADL) announced some more hot air and jam tomorrow news sending its shares spiking to a peak of 0.14p to buy as Bulletin Board Morons whipped themselves into a semi-orgasmic frenzy of innumeracy and filled their boots. Today the shares are 0.065-0.07p meaning that the paper loss for those buyers at peak moron is already 50%+. Time for a podcast with long term Andalas groupie and well known cardboard box resident Justin the Clown methinks? The bad news for Justin and the morons is that things can only get worse...

Optibiotix - the ARM model starts to deliver: 1 country 1 product

Published 84 days ago

Optibiotix (OPTI) has announced that its German partner HLH has achieved product registration of capsules containing the Optibiotix product LPDL and started commercial sales to drug stores on July 24.

i3 Energy - Going down like Christmas lights in January

Published 84 days ago

i3 Energy (13E) floated at 55p earlier this week. Its shares now trade at just 34.5p to sell. Even by the standards of the AIM Casino this has been a god-awful IPO. But it is going to get an awful lot worse. 

Torotrak – Full-year results, hopefully warnings heeded – it’s cash crunch ahoy!

Published 84 days ago

Last writing on Torotrak (TRK) at the end of May, I concluded hopefully the warnings here have been heeded. This stock remains firmly on the bargepole list. The shares are now slumping further on the back of results for its year ended 31st March…

Monitise – “Trading Update” = Trading Warning (natch)…

Published 85 days ago

Currently attempting to push a 2.9p per share offer from S&P 500 financial services technology company Fiserv through, Monitise (MONI) has followed the recent lead of InterQuest (ITQ) in delivering a downbeat trading update…

Frontier Smart Technologies: Strong trading update – happy to hold

Published 85 days ago

Following my rare buy tip on Frontier Smart Technologies (FST) back in May (HERE), I am happy to update my views following the anticipated strong first half trading update issued today. All looking good so far.

Amryt Pharma - New Lojuxta study results - all good news

Published 85 days ago

Amryt Pharma (AMYT) has announced new data from a long-term safety and efficacy study of Lojuxta in the treatment of Homozygous Familial Hypercholesterolaemia (HoFH). Try saying that after half a bottle orf whiskey. Remember that Lojuxta which was licensed in last December is the second of three strings to the Amryt bow.

Why Uranium Must Reach $60 by 2020

Published 85 days ago

Those who heard Paul Atherley of Berkeley Energia (BKY) on the main stage miners session at UK INvestor Show 2017 will be well versed in the uranium bull case. Paul is booked in to be back again in 2018 for a refresher but I need no convincing, we have a few of his shares just in case. Meanwhile here is another crash course on why you need uranium exposure.

Big Sofa - cracking AGM statement: BUY GREEDILY at up to 25p

Published 85 days ago

Big Sofa's (BST) AGM went smoothly enough but the market seems to have overlooked the statement from chairman Nicholas Mustoe. It really is very exciting indeed. Mustoe stated:

InterQuest – management-buyout attempted robber barons try more spin, but it currently still means little

Published 85 days ago

The attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) have made an “Offer Declared Unconditional in All Respects” announcement - and the InterQuest independent director, David Higgins, has responded…

Vertu Motors – with expects trading “in line”, why’s the recent share slide continuing?

Published 86 days ago

Having already declined from approaching 50p earlier this month, shares in Vertu Motors (VTU) are currently slightly further lower, at 43p, despite an “AGM Statement” announcement including that “at this stage, the board expects the group's trading performance for the year ending 28 February 2018 to be in line with market expectations”

Plant Impact – placing, tries to argue “represents a premium”. Hahaha…

Published 86 days ago

Plant Impact (PIM) has announced the conditional placing of new shares in the company at 31p each raising a gross approximately £4 million, with the announcement also including “the placing place (price?) represents a premium of 6.0 per cent to the closing mid-market price of 29.25 pence per existing ordinary share on 25 July 2017”. Hmmm…

Obtala – some recent share price weakness, but not operational weakness: BUY

Published 86 days ago

Since we previously updated on Obtala (OBT) at the start of this month, there have been developments including a quarterly report. The shares are down but is this fair?

Totally: Mea culpa, I apologise - there’s nothing to see here

Published 86 days ago

I must apologise. Yesterday I wrote an article stating that Totally was in breach of AIM regulations in not making an announcement about its CFO getting another job. I was wrong; I have given myself a good and proper birching this morning and am here to beg forgiveness.

Lucian Miers continues his world war two theme as UK Oil & Gas shares surge again

Published 86 days ago

Lucian Miers' 3.1p short call on UK Oil & Gas (UKOG) seems to be, at present, right up there with most of the share tips of the market abuser Chris Oil in the pantheons of duff calls. The shares surged yesterday to 7.25p-7.3p. Ouch.

Is Nu-Oil being desperately pumped by the latest placees?

Published 86 days ago

Nu-Oil and Gas (NUOG) is a company that I covered a couple of weeks back as being totally over-valued, and although it has pulled back a bit I think it potentially has further to go.

Watchstone shares plunge to just 97p (bad news for Evil) - but should you bottom fish? No!

Published 86 days ago

Oh dear. Poor old Evil Knievil who has been a perma bull of Watchstone (WTG), the former Quenron (QPP), loftily dismissing claims by Slater & Gordon for £637 million and my analysis as not worth the paper they were writen on. Oh how bullish was the great man, at 141p, just a few weeks ago as he posted his bon mots on a Bulletin Board. The shares have duly plunged to just 97.5p so costing EK and his fellow BB Morons a good packet. Poor Evil. Poor BB Morons.

Time Out Group – argues “well positioned”, so why are the shares muted?

Published 86 days ago

Time Out (TMO) has updated on the first half of 2017, arguing “we are well positioned to drive further growth, transactional traffic and monetisation of our unique content”. The shares though, at 138p, remain below the 150p June of last year AIM listing price…

Augean – the time for a routine half-year trading update? Er…

Published 87 days ago

With a calendar financial year and no updates on trading since 21st March-announced results for 2016, a “Trading Update” announcement from waste management company Augean (AUG) seems routine. However, the shares are currently circa 14% lower, at below 55p…

i3 Energy - a $50m fund raise becomes zero fund raise and £14m market cap (oops make that £11m) - disastrous IPO

Published 87 days ago

It was only a couple of months ago, on May 10 - 6 months behind schedule - when wannabee North Sea oil developer i3 Energy (I3E) announced it was to raise up to $50 million as it joined AIM. Since then, as we have noted before, there have been numerous false starts and it was obvious to all concerned - bar Amanda Van Dyke's related party snakefest Glenwick (GWIK) - that the fundraise was in deep merde. Oh yes. Party on bear dudes. This IPO has bombed and the business model is mega-fucked.

Take that you bastards No 1 - Disgraced Roger "Ramper" Lawson of ShareSoc - see you in Court bitchez!

Published 87 days ago

Disgraced share ramper Roger Lawson of Globo, blinkx, Monitise and ShareSoc (until he "was resigned") infamy, threatened me, Tom Winnifrith, two weeks ago with a libel action and also a claim for harassment demanding damages, an apology dictated by the ramper, the withdrawal of ALL articles about his nefarious deeds and an agreement never to expose him again. You can see his attempt to gag a free press covering matters of public interest HERE. I am responding in two parts. First up is the harassment claim...

Earthport – “not cash flow breakeven in FY 2017”, so it's next year then? Er…

Published 87 days ago

Having declined from more than 45p in September 2015 to sub 13p less than a year ago, shares in Earthport (EPO) approached 30p earlier this year – before declining again in recent months. We now have a “Full Year Trading Statement”

Totally: Um, anything you want to tell us about your CFO?

Published 87 days ago

It must be exciting times at NHS supplier Totally (TLY) at the moment with the buy-and-build strategy taking shape and an RTO in progress and a busy time, particularly for the CFO, Don Baladasan, who also has the interims to prepare but, er, has he just left to join CentralNic (CNIC)?

Proxama – claims now “well positioned”… but has to scramble around to reach even minimum requirement of fundraising

Published 88 days ago

Last writing on Proxama (PROX) I noted new agreement announcements now being seen through – and the shares are currently lower today on the back of “Result of Open Offer” and General Meeting updates…

Sell the Carillion HS2 rally at 63p

Published 88 days ago

The accepted market wisdom that one should never be a bear in company throws up a lot of exceptions. Carillion (CLLN), for some time now top of the leaderboard of the most shorted shares on the LSE, is a good example.

Biome Technologies – trading update uses bullshit earnings, but becoming more interesting?

Published 88 days ago

Shares in Biome Technologies (BIOM) are currently approaching 12% higher, heading towards 200p, on the back of a “Trading Update” announcement...

New Bulletin Board Moron of the week PRIZE contest graciously sponsored by Disgraced share Ramper Roger Lawson again

Published 88 days ago

Former ShareSoc chairman Roger Lawson, who has threatened to sue Tom Winnifrith, is the sponsor of this week's Bulletin Board Moron contest. Yes he sponsored last week's contest as well but the disgraced share ramper is such a prize dick and still has a few of the Globo sharesw he promoted so thusiastically to hand out as a prize so Roger is back again.

Parkmead Group has the potential to succeed in the long term

Published 89 days ago

Usually it takes far longer for companies to move forwards operationally than the majority of investors expect, and it is at times when most people have become bored and moved on elsewhere, that opportunities can present themselves.

Pembridge Resources: A fresh start……on the Standard List!

Published 89 days ago

Having commented earlier today on the flourishing growth of the Standard List due in part to tougher rules on AIM, it felt appropriate to start covering a perfect example of such a company, namely Pembridge Resources (PERE) , which is currently moving from AIM to the Standard List. To be fair though, on an initial glance, there’s a lot worse in my Sub-Standard Shockers XI.

Advanced Oncotherapy – what is the position re Bracknor? Has it been paid off?

Published 89 days ago

Tom and I covered this the other day, but I wonder whether we’ve missed a trick with regard to AIM-listed Advanced Oncotherapy (AVO) and its dealings with death spiral sharks Bracknor. Immediately prior to last week’s funding news my back-of-an-envelope calculation was that Bracknor still held £1.95 million of loan notes and a further £0.7 million from fees. Given that Bracknor held little (if any) shares, why has it not beaten a hasty track to get the loans converted so that it can sell into the resulting strength?

The original Sub-Standard Shockers XI squad one year on - how have they performed?

Published 89 days ago

I introduced the idea of the Sub-Standard Shockers X1 in May last year on the basis that I felt that the Standard List was becoming a home for companies unable to get on AIM for one reason or another so I believed that, almost by definition, they were destined to fail. I had firmed up the original squad of fifteen over the summer (see HERE). I have since added others but thought it worth looking at those original squad members in a “Where are they now?” type feature.

Judges Scientific – first half 2017 growth sounds good, but what of the comparative?

Published 89 days ago

I first cautioned on shares in buy-and-build scientific instrument group Judges Scientific (JDG) on this website at above 2200p in 2014 HERE, though also more recently at sub 1300p HERE. They have now risen back towards 1900p helped by a “Trading Update” announcement…

Notes from Underground: Walk like a man

Published 89 days ago

The top story this week (and several others in the top ten) is regarding former ShareSoc chairman Roger Lawson's threat to sue Tom Winnifrith over Tom's writings. 

I stay short of UK Oil & Gas - I'm a Russian and the BBMs are the Germans in the snow

Published 90 days ago

I see that UK Oil & Gas (UKOG) has cemented its position as the nation’s favourite oil tiddler with a stonking rally to 5.1p since my recent short call at 3p. I haven’t received such joyous vitriol on twitter since I called Cloudtag a sell at 7p and saw the shares rise to 20p. Tom Winnifrith gleefully points out that he is glad to see someone take over as the Bulletin Board Moron's No 1 hate figure, at least for now.

Table of shorted AIM shares - week to 21/07/2017

Published 90 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Nyota - I fear that its AIM days are very numbered

Published 90 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.

As Oil Shares Could Face a Blacker Future, You Might Look at this Unfashionable Sector Instead.

Published 90 days ago

Hello, Share Muckers. Because I still own far too many oil stocks, I really must take my pruning shears to most of them. We seem to be moving very slowly towards renewables and nuclear, not to mention the march of hybrid cars.

Empresaria – H1 trading update merit resumed share price advance?

Published 91 days ago

Having commenced the year at just over 100p, shares in staffing group Empresaria (EMR) reached 168p at the start of last month before slipping back – closing yesterday at 146.5p. However, they are currently 5.5% higher today on the back of a “Trading Update” announcement…

R4E - Very good news on the banking front: At up to 1.6p BUY

Published 91 days ago

For months, shares in R4E (R4E) have been held back because it was in technical breach of the covenants on its bank debt. We never expected the bank to pull with Nigel Wray and Johnny Hon owning c50% of the equity and standing behind the firm. But some BB savants knew better...they always do.

AO World – following continued recent shares slide, does an “AGM and Trading Statement” help?

Published 91 days ago

Shares in AO World (AO.) haven’t even nearly recovered to levels prior to a profit warning in 2015 – and indeed have recently been sliding further. Does an “AGM and Trading Statement” announcement today help?...

Central Asia Metals looks a great longer term investment in copper

Published 91 days ago

On the AIM market these days it seems as though many would far rather buy into the latest pump and dump on a piece of junk, than invest in a company that is actually running its business properly and making money. The problem with putting your money into junk is that at some point true value normally shines through and the resultant share price crashes can be spectacular.

MediaZest – “Project Completion” update, what about some insight on results for a year finished approaching four months ago?

Published 91 days ago

“Project Completion” announcement from MediaZest (MDZ) – a company with an end-March year-end but whose two previous announcements thus far in 2017, a 3rd March “New Business Update” and 8th May “Significant Project Completion” included no update on overall financial performance. Surely something now then, approaching four months after the year-end…

Alliance Pharma – half year trading update encourages, still a buy

Published 92 days ago

Alliance Pharma (APH) has updated on trading for the first half of 2017, ahead of a results announcement expected on 13th September…

Audioboom – interims, ‘ideally placed to be a leading player in next evolution of the internet’?

Published 92 days ago

Audioboom (BOOM), which describes itself as “the leading spoken word audio on-demand platform”, has announced results for its half year ended 31st May 2017, with CEO Rob Proctor arguing “we are ideally placed to be a leading player in this next evolution of the internet”

HaloSource – trading update from this Woodford dog offer any different a bark?

Published 92 days ago

A first half of 2017 trading update from HaloSource Inc. (HALO) includes “we are very pleased with the progress we have made with our newly executed all-drinking water business strategy… we expect to see continued growth going-forward” and that the company expects operating expenses to be reduced by more than 30% compared to the first half of 2016, with period-end net cash expected to be $2.1 million. A Woodford dog with a different bark?…

DP Poland – “Update on Store Performance”, why not on company performance?

Published 92 days ago

DP Poland (DPP) has made an “Update on Store Performance” announcement for the first half of 2017, emphasising ‘continued strong growth in system sales’. The following updates with the shares having responded a few percent higher, back above 45p…

Lombard Risk Management – AGM Statement commences ‘positive market for products’, so why are the shares leading fallers?

Published 93 days ago

An AGM Statement from Lombard Risk Management (LRM) commences that “the company continues to see a positive market for its products with the landscape largely unchanged since we announced our 2017 full year results in May”. Yet the shares are leading fallers, currently down circa 15% at around 11p…

Hotel Chocolat – full-year trading update, revenue “slightly ahead of market expectations” but what about profit & cash?

Published 93 days ago

“Trading Update” announcement from chocolatier and retailer, Hotel Chocolat (HOTC), which near the start includes revenue “slightly ahead of market expectations”. The shares are though currently slightly lower, at circa 335p. Hmmm...

Advanced Oncotherapy – Bracknor gone, new loan for £3.9m. Is all suddenly rosy in the garden? Er…

Published 93 days ago

AGM day for AIM-listed Advanced Oncotherapy (AVO) and it has pulled something out of the hat. The shares have shot higher, death spiral outfit Bracknor is history and Advanced doesn’t look like going bust now for at least 4 months. But is the deal as good as believed? Er..no.

Metal Tiger – Botswana progress, but much more expected soon:BUY

Published 93 days ago

Metal Tiger (MTR) has updated on progress on the T3 MOD Resources (ASX:MOD) joint venture project in Botswana – including previously outstanding drill hole assay results and that next month “we anticipate being able to release an updated and enlarged, T3 Mineral Resource Estimate”

Eagle Eye Solutions – a “pleased to announce” trading update, so why are the shares lower?

Published 93 days ago

SaaS digital promotions technology company Eagle Eye Solutions (EYE) “is pleased to announce” a trading update for its year ended 30th June 2017. The shares have though responded more than 3% lower, below 250p…

Optibiotix - another day, another deal, O Hara confirms the ARM model - BUY

Published 93 days ago

OptiBiotix (OPTI) has announced another sales deal. Like others it is small to start with but will build up and this grows more and more reminiscent of the early days of ARM. Check out the Steve O'Hara quote at the end of the release.

EVR Holdings: Where’s the bloody app – is this just a warrant exercise vehicle?

Published 94 days ago

A couple of people have asked me for my views since I called the top for EVR Holdings (EVRH) a few months back HERE, following the recent Microsoft and Sony announcements. Well, the more interesting news to me is a recent interview by the CEO with Music Ally (HERE) which hints at further delays, presumably as it’s taking longer than envisaged for all the connected guys to sell their warrants! Let me explain.

Kin Group – on the verge of ‘kin disaster as shares suspended. You were warned…

Published 94 days ago

On 15th May the renamed from Fitbug Holdings, Kin Group (KIN) was “pleased to announce that it has secured up to £1.125 million (before expenses) of additional funding”. I bet it was – as I noted this bailout funding, with also amongst the conditions “the closing bid price of the company's ordinary shares (as reported by Bloomberg) not being below £0.001 (0.1 pence) for any five consecutive trading days on or prior to the relevant issue date” and concluding it remains bargepole ahoy. The shares had now slid towards 0.05p – and there’s a “Statement re. Suspension” announcement. Uh oh…

Kefi - Project Funding for Tulu Kapi secured: game on! BUY

Published 94 days ago

To those who sold we could say "oh ye of little faith" but we cannot entirely blame you, Kefi Minerals (KEFI) has taken a good while to deliver but it has now done so in spades. The company has announced that it has signed terms for $135 million of project funding with Oryx Management Limited to finance and operate all the on-site infrastructure at the Company's Tulu Kapi Gold Project in Ethiopia. The planned financing package also includes funding finance charges during a 30-month construction and production ramp-up period. Game on!

Image Scan – on back of “Trading Update” announcement, shares biggest risers. Justified?

Published 94 days ago

Shares in Image Scan Holdings (IGE) were the biggest risers in London yesterday – up more than 40% to 6.625p on the back of a “Trading Update” announcement…

Plant Impact – following share slump from 35p on Friday… Potential Capital Raise at 31p. Over to blink-182…

Published 95 days ago

Following a far from routine “Third Quarter Trading Update” last month which saw shares in Plant Impact (PIM) slide, they recently looked to have stabilised at around 35p – that was until Friday when they strangely slumped to sub 30p. Or is that now ‘strangely… until today’?...

Advanced Oncotherapy - is that the whiff of panic I smell at death spiral provider Bracknor?

Published 95 days ago

Shares in Advanced Oncotherapy (AVO ) are again tumbling on this fine summer's day. Oh what joy it is to be alive. 350p at peak ramp less than two years ago, they are now just 10.75p to sell. Ouch, I just love the smell of burning share certificates belonging to Bulletin Board Morons in the morning. So what crisis looms? Take your pick.

Proxama – new agreement announcements now being seen through?

Published 95 days ago

Proxama (PROX) has announced an “important” partnership agreement with Rail Delivery Group, a group which brings together train operators and Network Rail. The shares have currently though responded to see them amongst the biggest fallers on the day…

Fandango Holdings: Give me strength – an absolute shoe-in to the Sub-Standard Shockers XI squad

Published 95 days ago

My heart sunk last week as I noted that the Plutus Powergen (PPG) boys were at it again with their third Sub-Standard List effort coming to the market in just over a year, despite the first two efforts being absolute flops. Oh well, welcome Fandango Holdings (FHP), you’re in the squad– let’s take a look.

New Bulletin Board Moron of the week PRIZE contest sponsored by Disgraced share Ramper Roger Lawson

Published 95 days ago

Today's the day that African Potash gets slung from the NEX markets or has the rules bent for them, so in normal circumstances it would sponsor this week's contest. But there is an even better sponsor, step forward disgraced share ramper Roger Lawson of ShareSoc infamy who will donate some of the Globo shares he owns as a prize.  Natch, Ramper Lawson sold most of his Globo shares before telling readers to sell, but he still has some left and even offered to help the management take the company forward.

Fishing retailer Angling Direct lists on AIM - but does it offer value?

Published 95 days ago

Following the successful floatation of Fishing Republic (FISH) a couple of years back, it was only a matter of time before one of the other large fishing tackle retailers followed the same route, and we’ve just seen Angling Direct (ANG) list on the AIM market.

Notes from Underground - Hey! You! Get off of my (Sound)cloud

Published 96 days ago

Considering that Tom is on leave and won't be returning to Bearcasts in September, it's interesting to note that two items on the top-10 leaderboard are Tom's Bearcasts. We look forward to their increased popularity when he officially returns to them.

Begbies Traynor – positive full-year results, a counter-cyclical buy

Published 97 days ago

Begbies Traynor (BEG) has announced results for its year ended 30th April 2017 and that “we anticipate a growth in earnings in the new financial year”

Collagen Final Results - well telegraphed: BUY

Published 97 days ago

What with all the trading statements and the placing at around the year end, results from Collagen (COS) were pretty well telegraphed. There were no surprises but the CEO statement is upbeat and that seems to have been overlooked.

Table of shorted AIM shares - week to 14/07/2017

Published 97 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Its Big Unification Drive Could Crown Kingfisher as a Royal Share.

Published 97 days ago

Hello Share Tickers. Shares in Kingfisher (KGF) have taken a pounding since the end of May. But the current share price of 295p, down from 368p then, may be worth more in my opinion. 

InterQuest – management-buyout attempted robber barons extend offer again as still struggling on acceptances

Published 97 days ago

The attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) have made an “Update on Level of Acceptances and Offer Extension” announcement…

Plant Health Care- you confuse management greed with incentive

Published 98 days ago

In theory share options are there to incentivise management. There is of course scant evidence that directors who are often grossly overpaid will actually work even harder/be less lazy because they get to have a one way bet on the share price. It may encourage actions that drive short term share spikes but is there a proven link between options and value creation? Er... no. What we we do know is that options are not cost free.

Post half-year 2017 update: Top shorted London-listed shares

Published 98 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, we previously updated at Easter the top shorted London-listed shares HERE. The following updates, showing those with a current reported short position of +7% (those in bold new entrants post the Easter update)...

Fox Marble , shares down on Beaufort appointment - unfair but the RNS is a lie from a brain dead PR firm

Published 98 days ago

Shares in Fox Marble (FOX) fell by almost 10% to 8.25p-8.5p on the back of news that it had appointed Beaufort Securities, Belfort Secs to its legion of admirers, as the company's joint broker. The assumption is that Belfort, whose clients are mainly bucket shops, will be doing a discounted placing. that is not the case, Fox has enough cash to get it through to profitability but Belfort's reputation proceeds it. Fox has gone on the record to say there is no placing.

Challenger Acquisitions: Oh, oh, the wheel has finally stopped turning – could this be the end?

Published 98 days ago

Not that Challenger Acquisitions (CHAL) has bothered with an RNS but the wheels are literally falling off here with disastrous news pertaining to its only real asset, the New York Wheel. If you haven’t got out already I suggest you do so now and save a few pennies while you can.

DX Group – anticipates continuing challenging trading, CEO & FD ‘step down’

Published 98 days ago

Having listed at 100p per share in February 2014 and currently suspended at sub 10p amidst reverse takeover discussions for John Menzies' Distribution division, parcels, mail and logistics group DX (DX.) has now announced “an update on trading, reorganisation of the business and board changes”

Proxama – amidst current attempted confetti issuance extraordinaire, “pleased to announce”…

Published 99 days ago

Shares in Proxama (PROX) currently feature on today’s top gainers list on the back of a “Contract Renewal” announcement. Hmmm, what’s the detail here?...

Arian Silver, Pump, Dump, Feed the Board, Pump, Dump, Rinse & Repeat

Published 99 days ago

Our very own Gary Newman nailed this spot on at the weekend flagging up that an almighty pump in Arian Silver (AGQ) was underway. Our sober, harsh but fair coverage contrasts well with the really sordid rampfest that saw the shares pushed ahead ahead of a placing today raising £600,000 at just 0.5p.

CyanConnode – argues “confidence in a strong performance”, but set for cash crunch ahoy AGAIN?

Published 99 days ago

CyanConnode (CYAN), which describes itself as “the world leader in narrowband radio mesh networks”, has updated on the first half of 2017; “a busy period for the company with key existing relationships strengthened and the company's global reach enhanced”. Sounds encouraging, so why are the shares currently lower at 0.15p?...

SHOCKING: London Stock Exchange: Fraud on AIM is nothing to do with us, nothing we can ( or will) do about it!

Published 99 days ago

The AIM casino has hosted the London stockmarket's biggest fraud for almost 40 years (Quindell) and a raft of smaller frauds in recent years. One might almost say that fraud is endemic. Yet, in a consultation paper published this week, the London Stock Exchange (LSE) has insisted that it is not within the remit of its own AIM Regulation department to tackle fraud or indeed do anything about it. This shows a complete contempt for investors - we bank the fees, you bank the losses.

Will UK Oil and Gas ever produce large amounts of oil onshore in the UK? Er... sell!

Published 99 days ago

I haven’t looked at UK Oil and Gas (UKOG), and more specifically the Horse Hill oil field, for quite a while and a lot has changed in the meantime, so I thought it about time that I revisited it.

blur Group – board changes, but can prospects be changed?

Published 100 days ago

Having at the end of last week announced a conditional, bailout (and thus dilution-extraordinaire – a gross £1.75 million at 1.75p per share) placing, blur Group (BLUR) has now announced immediate effect “Board Restructuring”

Eve Sleep – Positive sounding trading update but at what cost?

Published 100 days ago

Following my initial piece on the Woodford-backed Eve Sleep (EVE) two weeks ago, I thought I would comment on today’s trading update which outlined great growth but it’s what it doesn’t say that worries me a tad.

CloudCall – H1 trading update emphasises board's confidence, but sufficient to make the shares a buy?

Published 100 days ago

Shares in cloud-based software business integrating communications into CRM platforms, CloudCall (CALL) are currently accelerating beyond 100p on the back of a first half of 2017 trading update…

Big Sofa - 2 heavy hitters join, share price recovery continues ( and will accelerate)

Published 100 days ago

The distracting noise and untruthful commentary surrounding the results from Big Sofa (BST) a couple of weeks ago has died down and the shares have started a re-rate - they are now 25p-26.5p and if you can get any stock at all at 25p or better you should do so. We continue to see a minimum price target of 50p + to sell. Today we have news of two heavy hitters coming on board.

I'm getting a feeling of deja vu with Nu-Oil and Newfoundland

Published 101 days ago

Nu-Oil and Gas (NUOG) is all the rage at the moment amongst PIs, but I’m finding it hard to get quite so excited about its prospects and am getting a feeling of déjà vu when I look back at some of the old Enegi Oil announcements.

Columbus Energy Corporate update - look through the windscreen not the rear view mirror! BUY

Published 101 days ago

Shares are valued on the basis of what is to come. that is to say future earnings ( or lack of them). Not historic losses, profits or performance. But shares in Columbus (CERP), the former LGO Energy have been marked a tad lower after an operational update as punters looked in the rear view mirror. Their error = your opportunity.

Paternoster Resources - possibly London's most expensive & worst performing fund manager

Published 101 days ago

There are numerous reasons NOT to own shares in sub scale and underperforming Paternoster Resources (PRS) as I explained at the weekend HERE. But there is a different way of looking at this piece of investment crap.

San Leon - not long till shares trade again

Published 101 days ago

San Leon (SLE) has updated on the suspension of its shares - something that has now lasted a week. We have been in constant communication with the company and are relaxed about the situation, not expecting it to last much longer.

AIM-China Grand Group – shares collapsing, statement needed

Published 102 days ago

AIM-listed Chinese play Grand Group (GIPO) has had something of a chequered history even by the standards set by the Filthy Forty. It didn’t get in because it listed too late, but that hasn’t stopped the comparisons. It listed at 80p in January 2015 yet there appears to be a rush for the exit today, with the stock off by 32% at just 9.75p.

Tom Winnifritb Bearcast: lessons from Carillion, 88 Energy, MySQUAR and the faux political correctness of my father exposed

Published 102 days ago

Here I am in Shipston with my father who enjoys bearcasts if they mention him so just for that reason I record again. His faux political correctness is exposed by the issue of coverage of women's cricket in The Guardian - the dreadful newspaper he has delivered to try to fool my family of public sector "working" lefties that he is one of them. In terms of the market I look at Carillion (CLLN) and 88 Energy (88E). Shares in both companies are collapsing today and I look at why and at what lessons folks should be learning. You could so easily have avoided losing money on both. Please note Malcolm Stacey and other Ocado (OCDO) bulls, lesson one on Carillion is for you. I also make it clear that while he may have some of the attributes of a Bulletin Board Moron as he showed HERE, Evil Knievil is not, in fact, a BBM, I was just joshing him when I suggested otherwise. En passant I look at MySquar (MYSQ) and explain why today's exposes HERE and HERE may refer to events a long time ago but are pertinent. 

If all else fails - buy a lithium licence! The "business plan" for AIM joke Arian Silver

Published 103 days ago

When a tiny AIM company suddenly becomes popular all over Twitter and the bulletin boards, and without any real news to justify that sudden attention, then you have to question why it is happening.

FastForward Innovations: Another disappointing Lorne deal – disgraceful non-disclosure

Published 103 days ago

Tom covered the key headlines on the year-end results of Jim Mellon's FastForward Innovations (FFWD) on Friday but I wanted to focus in on a couple of points, most notably the exorbitant amount Lorne Abony, CEO, gets paid considering the despicable way in which he treats his shareholders and the shocking performance, and non-disclosure, of one of the investments that he brought to the table, namely Vemo.

Paternoster - at a c50% discount to NAV surely the shares are cheap? er...no

Published 103 days ago

My attention is  drawn to the curious way that Paternoster Resources (PRS) communicates information to its long suffering shareholders and prompted to ask if the shares are as cheap as they look. Of course they are not. 

When will Amanda van Dyke fess up to the bloody mess at Glenwick? 7 Questions

Published 103 days ago

Booted off the AIM Casino in March for failing to do an RTO on time, Amanda Van Dyke's Glenwick (GWIK) is nothing if consistent: it keeps missing deadlines. Cash is almost certainly zero, or near as damn it, by now but how about an update? So far no news is bad news for this related party infested failed ramp.

Columbus Energy - we tip this a 3rd time - a buy worth 3.5p

Published 104 days ago

We tipped these shares a couple of weeks ago for a third time. The shares are now 2.7p in the middle and so even at the bid we are up on this one. But our target to sell at 3.5p+ so there is more to go for. Our original share tip reads:

Boxhill Technologies: Disappointing results - what was the point of all the acquisitions?

Published 104 days ago

The poor results from Boxhill Technologies (BOX) yesterday were not a huge surprise as the drop in the payment processing revenues had been flagged in the recent trading update that I covered HERE. However, while there is still a chance that an unsuspecting PI thinks there’s opportunity here, I will continue to emphasise a couple of odd points about this business that continues to make it uninvestable for me.

Molins at 149p offer - worth at least 173.5p

Published 104 days ago

We tipped these shares a couple of weeks ago at a 130p offer. Readers of the Nifty Fifty are thus happy bunnies as the shares are now 147p-149p. We do serve up good share tips and Steve and I are now working on our next one! But the shares should head higher still. I explain why in detail - here is our original tip from two weeks ago.

Oi! Jim Mellon - so how have Plethora shareholders done after that 12.5p all share offer you made?

Published 104 days ago

Back in November 2015, Plethora Solutions (PLE) the AIM listed developer of a treatment for premature ejaculation run by offshore based asset stripper Jim Mellon was almost on its uppers, its cash position was critical and its share price had collapsed. Refinancing would have been impossible so it was announced that Regent Pacific, Mellon's Hong Kong based vehicle which already owned 28% of Plethora having chucked good money after bad, was to launch an all share offer worth 12.5p per share. I warned that was too good to be true HERE. And so let's wind forward 20 months...

Table of shorted AIM shares - week to 07/07/2017

Published 104 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

LightwaveRF – Apple certification. Ooooh. Will it though need to be discounted fundraising ahoy?

Published 104 days ago

LightwaveRF (LWRF) “is delighted to announce that its next generation Lightwave Link Plus has been certified under Apple's licensing scheme as a ‘Works with Apple HomeKit’ product”. Ooooh, Apple hey. Cue a further share price rise, but what’s actually happening here?...

Pure Horse Shit from Jim Mellon's FastForward - the shares will continue to tank

Published 105 days ago

FastForward (FFWD) the investment company chaired by my old friend, the offshore based asset stripper Mr Jim Mellon, served up results for the year to 31 March today. Cynical Bear will give them the full workover they merit over the weekend  but I could not give my old pal Jim a completely free pass. The numbers are shite

Portmeirion – “in line” with expectations, but they previously reduced & sales trend doesn’t encourage

Published 105 days ago

Manufacturer and distributor of homewares under the Portmeirion, Spode, Wax Lyrical, Royal Worcester and Pimpernel brands, Portmeirion Group (PMP) “updates on trading for the first half of the current year” and “is pleased to announce”... Sounds encouraging…

Premaitha - Court action begins this week - BUY

Published 105 days ago

And so after more than a year of huff and puff and fascist corporate bullying by US giant Illumina, the High Court action with Premaitha (NIPT) starts tomorrow. Premaitha says:

Quarto – profit warning, so tries to emphasise “transitional year”

Published 105 days ago

Quarto (QRT) has announced a sale of its Books & Gifts Direct New Zealand business – this following a profit warning earlier in the week…

Highlands Natural Resources: Some funding (not death spiral, honest) but a hugely risky punt even at 14p, sorry I mean 12p

Published 105 days ago

Two weeks ago, following the results of Highlands Natural Resources (HNR) I advised getting out at 23.75p as the bubble appeared to be bursting (see HERE). Well done if you did as you could have got back in at 12p last night as part of the announced funding via PrimaryBid but the question is: should you have done? Hmm, I’m not quite as tempted as Tom sounded HERE but let’s take a look at the details.

Imaginatik – “pleased to announce” open offer result. Really?

Published 105 days ago

Previously writing on Imaginatik (IMTK) in April, I questioned the progress being made and attempted discounted fundraising ahoy? Last month there was a “Placing and Open Offer to raise up to £1.9 million” announcement and this week a “Result of Open Offer” announcement...

Blancco Technology – 2 months after placing, cash performance below expectations due to non-payment of receivables. Hmmm…

Published 105 days ago

Having in May been “pleased to announce the completion of a placing of 5,800,000 new ordinary shares… at a price of 169 pence per placing share” (I bet it was pleased - as otherwise it was cash crunch within weeks!), Blancco Technology Group (BLTG) has today released a “Trading Statement” which currently sees the shares down by more than 20% at sub 120p. Those who took part in the placing won’t be “pleased” then!...

Entu – further from bad (en)tu worse; Strategic Review, new financing needed

Published 106 days ago

Last month saw a delayed profit warning from energy efficient-home improvement group Entu (ENTU) – and me particularly noting the net debt and that, although purportedly “strengthened”, the executive team still not seemingly having the answers themselves – ‘from bad (en)tu worse, issues “more complex and extend further” than expected’. There is now a “Strategic Review” announcement. Hmmm…

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

Published 106 days ago

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

Surface Transforms - discounted fundraising o’clock (as warned)

Published 106 days ago

In December I noted cash concerns on Surface Transforms (SCE) following a half-year trading update. I reiterated these last month, despite the company arguing “we continue to look forward with confidence”. Now surprise, surprise it’s discounted fundraising ahoy…

Veltyco - cracking trading statement but...

Published 106 days ago

At its AGM in the tax haven and cultural desert that is the Isle of Man, Veltyco (VLTY) was in bullish mood. The brief statement reads:

Falanx - small bolt on announced but not the big picture - that's next week

Published 106 days ago

Falanx (FLX) has announced that it has bought Cloudified Limited for £180,000. This is a small beer deal.For what will really get the shares to sizzle higher we must wait a few more days.

Silver is due a bounce - Hochschild will benefit

Published 106 days ago

Silver has been incredibly volatile this year with large swings, but it is now back at a level where I can see a good chance of a bounce coming, and that in turn offers upside on producers of the precious metal.

Advanced Oncotherapy - the ramps become ever more pathetic - today's reeks of desperation

Published 107 days ago

The stench of desperation at AIM POS Advanced Oncotherapy (AVO) is overpowering.It knows that insolvency looms, that the money is running out fast ( within weeks?) and that a blizzard of share sales from death spiral provider Bracknor will obliterate the share price in the last few days. The board know it. The advisers must know it. But they cannot bring themselves to admit it. The pretence goes on for a while yet. And thus today we have an RNS.

Union Jack Oil - Wressle farce will be reversed - BUY

Published 107 days ago

The planning committee of North Lincolnshire County Council met on Monday to - again - discuss the Wressle application. Officials had recommended approval as it fitted in with all the authority's guidelines. All was set fair. Then came the first sign of trouble.

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

Published 107 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.

Nektan: Some good news, survival for now and a change of stance from a Not-Always-So-Cynical Bear

Published 107 days ago

Nektan (NKTN) has been surviving on fumes recently but its short-term survival is ensured by an announcement this morning with a loan from its major shareholders and although the future still looks tricky, such support is to be applauded as it keeps hopes alive for the wider shareholder base.

Fox Marble AGM - a Truly Mixed bag - on balance BUY

Published 107 days ago

It was a case of the good, the bad and the ugly but on balance there were a lot more goods than bads. Let's start with the ugly from the Fox Marble (FOX) AGM..

Exclusive: Redcentric and the payroll fraud it learned from Rob Terry - how has CEO Fraser Fisher not been fired?

Published 107 days ago

Redcentric (RCN) CEO Fraser Fisher is still in place despite his company having admitted to having grossly overstated its 2016 accounts, something that pushed up the shares allowing him to make a killing dumping stock a year ago. The FCA is investigating this matter as are other agencies which almost certainly means the Serious Fraud Office. So far the fall guy has been the ex FD. But I can now demonstrate that Fraser must have been persoinally aware of at least one major fraud, a type of con the King of the fraudsters, Mr Rob Terry, also pulled off at Quindell and The Innovation Group. 

That Old Question, BP or Not BP, Could Now Be Answered with a Yes

Published 107 days ago

Hello Share Swiggers. I had a lot of money invested in BP (BP.)  shares and was happy as a pig in muck with a galloping share price and juicy dividends. But that was before the big leak in the Gulf of Mexico, followed by a crash in the oil price.

New Bulletin Board Moron of the Week Contest - sponsored by the FD-less FRAUD Aquatic Foods

Published 108 days ago

Thanks to a last minute sponsorship from China, where the financial director of Aquatic Foods (AFG) has walked out, we're pleased to open another round of AIM's favourite game show: Who is the Bulletin Board Moron of the Week!? Maybe we could start by naming the brokers who usrged folk to buy this stock? Did the Investor Chronicle tip the shares or is this the 1 China fraud it did not promote?

Solo shares at 0.24p worth 0.91p - really? What is a Spec Buy? Is this Corporate BS?

Published 108 days ago

Beaufort Securities acts as house broker to Solo Oil (SOLO) so it is paid to write research on the company. Think of the relationship as being like that as between a hooker and a punter. The punter pays the bills. The hooker assures him that he is hung like a donkey. With that minor caveat I bring you a fairly detailed note from research analyst Charles Long at Beaufort out today. Apparently the shares, now 0.24p are worth 0.91p. But Hang on Henry...

TrakM8– still burning cash & still promising jam tomorrow, this is just a bad business

Published 108 days ago

My contention, questioned by certain other well known share bloggers, is that TrakM8 (TRAK) is what Warren Buffett would define as a "bad company." That is not saying that it is a fraud. It is not, although it has told untruth's in RNS's and raised cash to buy some strange old businesses. It is bad because it just does not generate free cashflow. Paul Scott, PR crony capitalist Reg Hoare or the paid corporate shrills can bang on abourt earnings per share till the cows come home but earnings are a matter of opinion, cash is a matter of fact. Trakm8 yesterday published its, piss poor, results for the year ended 31 March 2017.

Obtala - talk about a PR own goal: but still a BUY!

Published 108 days ago

We cannot pretend that we are not a bit angry with Obtala (OBT) for the PR own goal it scored on Friday. The shares closed down 3.5% at 17.5-17.75p and are a buy at up to 20.5p but - as shareholders - we are pissed! The own goal is two fold:

Big Sofa Final results - some people act without thinking others like Value the Markets just deceive you

Published 108 days ago

"When's the Big Sofa (BST) placing?" said one of our contributors after results last week. Well "there isn't one" said the company. Over at Value the Markets they claimed that the company had guided that it would do calendar 2016 sales of £1.5-£2 million when it listed (sales came in at £757,000). Given that miss VTM said "take profits" and Leon Boros of the discredited abusers and rampers nest that is ShareSoc tweeted this aggressively. But there was no official guidance from the company- that was not true. The company listed on 19 December 2016 - is anyone really claiming it guided to £1.5-£2 million 6 days before Christmas and 12 days before the year end when it would have know that its sales just ahead of the Christmas break were going to be c £757,000 ( the eventual FY number) . What total bollocks.

Shit sandwich with jam tomorrow on top: trading statement from Avanti Coms - but here's what its hiding

Published 108 days ago

Avanti Communications (AVN) has surprised no-one with a grim old trading statement covering the year to June 30th 2016. But the CEO who boasts of how he misled investors with a faked demo to raise funding has - as usual - tried to make a shit sandwich more palatable by serving it covered in oodles of jam tomorrow. But there is something that bombastic prick David Williams is not telling you....

Minoan - as predicted here: Loan extension given: BUY

Published 109 days ago

As we predicted exactly one week ago here, Minoan (MIN) will not - as some Bulletin Board savants had suggested - have to repay the £5 million loan it got in October 2013 from Hillside International Holdings at close of play today. Minoan clearly did not have the cash.

Echo Energy - down after Sound News but further to fall?

Published 109 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. 

Highlands Natural Resources, the wheels are coming off. Sell!

Published 109 days ago

It looks like the game may soon be up for UK-listed, American oil stock promotion Highlands Natural Resources (HNR). In its prelims, announced last week, the company stated that it needs to raise funds either by issuing equity or third-party participation in its East Denver project.

Sound Energy - shares crash as Badile flops, is the company really pleased?

Published 109 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.

Competition time – which of these sleep-inducing delays will come to an end first?

Published 109 days ago

To end my trilogy of tenuously connected pieces, I’m taking a look at four ongoing coma-inducing delays at each of FastForward Innovations (FFWD), i3 Energy and, of course, Aidan Earley’s Newco and wonder which, if any, will win this slow and laborious race.

Snoozebox – It woke from its deep sleep briefly but is there opportunity here?

Published 109 days ago

Continuing the sleep-related theme, I wanted to take a look at Snoozebox (ZZZ) that rose from its slumber on Thursday following some developments and the release of its year-end results, although it looks to have dropped off again by the close on Friday. I wonder whether there is a turnaround play here.

Eve Sleep – Is this a Boohoo or an AO World? Tough call but it’s not a Boohoo

Published 109 days ago

Thought I’d write a few sleep-related pieces today and am starting with initiating coverage on the mattress e-tailer, Eve Sleep (EVE). The company joined AIM in May raising £35 million and there is a lot to like about the business, but is it really worth over £130 million?

Notes from Underground: There must be some kind of way outta here, said the joker to the thief

Published 110 days ago

By far, the most read article of the week was Exclusive: The full Slater & Gordon High Court Claim against Watchstone for £537m - damning on Rob Fielding, David Curry & the lies Quindell told, an excellent example of the journalism that that ShareProphets conducts and that you cannot find anywhere else at any price. 

Wishbone Gold Results Irrelevant but 7 key words: BUY

Published 111 days ago

Wishbone Gold (WSBN), the precious metals trading and exploration company, announces its final results for the year ended 31 December 2016. The numbers are pretty academic just look for 7 key words in the statement from chairman Richard Poulden.

Table of shorted AIM shares - week to 30/06/2017

Published 111 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Proxama – dire results, though emphasises “exciting transition” as needs to get away a confetti issuance extraordinaire

Published 111 days ago

Proxama (PROX) “is pleased to announce its Full Year Results for the year ended 31 December 2016” and “pleased to announce the successful completion of an upsized bookbuild for the placing”. Shareholders probably aren’t so pleased – the shares having responded approaching 70% lower, to 0.04p…

Four Tricky Tricks to Try to Tease More Money Out of Your Portfolio.

Published 111 days ago

Hello Share Pifflers. There are many little tricks we learn over the years as we play the golden game of share shifting. As I’ve been in the racket since King Alfred burned his buns, I’ve probably used most of them. As it’s another boring weekend with no markets open, allow me to share a few of the best

TWO new hot share tips at 2 PM TODAY for just £5 - Don't miss out on our next winners!

Published 112 days ago

Our last big call was last Friday urging readers to top up on Minoan (MIN). Within one working day the company had - as we had anticipated - gained Greek planning consent and our readers were 20% ahead. It happens. Those shares are still cheap but what about our next hot share tips? As it happens there is not one but two coming out TODAY

Servision - from bad to worse - 2 profits warnings in less than a month, lying to AIM on June 15, shares crashing but still 100% too high

Published 112 days ago

A couple of weeks ago AIM uber dog Servision (SEV) warned that its calendar 2016 results would be worse than expected. Today we have those numbers and guess what? Not only was that June 15 trading statement a slam dunk lie but we also have a new (lack of) profits warning about 2017. Why the AIM Rule breaching delay in announcing that bad news. It gets worse...

GAME Digital – hopefully prior warnings heeded, “substantially below” profit warning...

Published 112 days ago

Having previously, early this year, concluded on GAME Digital (GMD) it early days in the ‘diversification’ and I continue to consider it far from certain that there is a sustainable proposition here; avoid/sell, I note a “Trading Update” announcement from the company today...

Hurricane deal disappoints investors, but is it really that bad?

Published 112 days ago

Hurricane Energy (HUR) is a company that I have followed closely, and have been invested in at various times, since it first floated on the AIM market, and it has come a long way since then.

Milestone Group PLC – How long before it must call in the administrators?

Published 112 days ago

Milestone’s (MSG) interim results today were truly appalling as it racked up a loss of £1.1 million. The statement about the "progress" of its range of sub scale crap businesses is - as ever - upbeat. Read the words and you think this company must have done brilliantly. And then you look at the P&L buried beneath the acres of spin and you see that sales in the six months to March 31 2017 were just £22, 237. Down by 56% on the prior year and just pitiful. The ice cream van parked in my street just now generates more sales than this POS which has no right to be on the AIM Casino at all. It gets worse...

Westminster Group – shares bounce on AGM Statement, but what operational progress is there?

Published 112 days ago

Having recently again been in retreat, shares in Westminster Group (WSG) have risen approaching 20%, towards 16p, on the back of an AGM update. With I having concluded cautiously a few months ago, what developments have caused the bounce?...

eServGlobal – interims argue “strong outlook” & Homesend “sales expansion”, but what about the financials?

Published 112 days ago

eServGlobal (ESG) has announced results for its half year ended 30th April 2017 including “a strong outlook for the year” for the core business and that the Homesend joint venture payment hub “is experiencing a sales expansion which it expects to become more significant across the remainder of 2017”. So why do the shares remain sub 6p, well down from more than 8p reached earlier this year?...

Utilitywise – it was wise to red flag, as (Utility)unwise energy consumption projections see the shares crash

Published 113 days ago

Previously writing on Utilitywise (UTW), I concluded continue to avoid as the shares recovered a bit from sub 130p - Flattery from the company for Brendan, but will he be able to rectify the red flags ahoy? There is today a “Projected under-consumption of energy contracts” announcement – and the shares are currently crashing below 80p…

Crawshaw – argues “pleased with the progress we've made”, so why are the shares lower?

Published 113 days ago

An “AGM Trading and Strategic Update” announcement from fresh meat and food-to-go retailer, Crawshaw (CRAW) includes that “we are pleased with the progress we've made” and “the trading performance of the business continues to be stable following the improvement in like-for-like sales from the initiatives introduced throughout the estate”. The shares have responded to the announcement… approaching 14% lower, to 25p! Hmmm…

You may know Tom the fraudbuster but what about the man who makes you money from value investing shares tips - act TODAY!

Published 114 days ago

You may know Tom Winnifrith as the man who exposes fraud on AIM and gets a stack of death threats and lawyers letters for his troubles. Just on Tuesday he has published a massive exclusive on Quindell, the biggest London stockmarket fraud for 30 years, and a con the regulators thanked him for exposing. That breaking news is HERE.

Fairpoint Group – accounts delayed, shares suspended. A fair point towards disaster?

Published 114 days ago

Updating towards the end of March, Fairpoint Group (FRP) stated “the audit of the 2016 results is expected to complete in April”. Towards the end of April, it then updated that results “will be announced mid-May”, then on 24th May that it then expected to announce in June. Now, the shares have been suspended as the company “will not be in a position” to publish its annual report and accounts in the six months from year-end it has under AIM rules – and it gets still worse…

Bulletin Board Moron Evil Knievil still wrong on Watchstone

Published 114 days ago

I guess if you write for a website that makes the Official Jimmy Saville Fan Club website seem well read and popular, it forces one to also post on Bulletin Boards in order that your words of wisdom/attempts to ramp your flagging portfolio reach an audience of more than three men and a dog. Speaking of dogs - Watchstone (WTG) is stock which bear raider turned Bulletin Board Moron Evil Knievil has long argued is worth 500p. The shares are now 140p ( and falling) after yesterday's massive revelations from me HERE.

Shenanigans at Blenheim Natural Resources need investigating

Published 114 days ago

A few weeks ago I penned a piece on Blenheim Natural Resources (BNR) in which I was highly skeptical of the recent holdings RNSs from a certain Pershing Nominees/Valbury Capital.

Metal Tiger – news from Spain, but the real news we want still to come - BUY

Published 114 days ago

Metal Tiger (MTR) has updated on exploration at the Logrosan Minerals joint venture in Spain – helping the shares currently slightly higher to 2.03p mid.

Minoan - Yes it can now develop Cave Sidero - we are off to the races: Yamas!

Published 114 days ago

It has taken more than two decades and exposed the Greek planning system for the total joke that it is but Minoan (MIN) now has the all clear to go ahead and develop the spectacular Cave Sidero site in North East Crete.

Nature Group – as I warned; without additional material contracts in the short term, it’s cash crunch ahoy!

Published 115 days ago

On 31st May-announced results from port reception facilities and waste treatment group Nature (NGR), I noted having previously warned on the shares in January as they jumped above 12p, they down, heading towards 8p, as clearly material improvement in performance is needed otherwise it’ll soon be cash crunch ahoy. Bargepole. The shares are currently further significantly lower today, heading towards 4p, on the back of an AGM statement… which warns of cash crunch ahoy!...

Servision - how do you keep lots of idiots in suspense? We'll tell its shareholders on Friday

Published 115 days ago

Worthless AIM listed piece of excrement Servision (SEV) always seems to report its results at the last possible moment to avoid suspension on the casino. In 2016 calendar 2015 numbers (piss poor) arrived on the 30 June deadline day. For 2016 its a slam dunk bet that the numbers (piss poor) will arrive this Friday on deadline day. Why is that? 

Mayan Energy the dog has a new trick but it makes no sense at all - coke & hookers better value

Published 115 days ago

Another day and another director walks, a new strategy is adopted and yet more confetti is issued by AIM casino uber dog Mayan Energy (MYN), formally the hound known as Northcote Energy. But this latest move just makes no sense at all. Let me explain with a little bit of help from a friend....

Advanced Oncotherapy – Annual Report published: Guess what?????

Published 115 days ago

AIM-listed Advanced Oncotherapy (AVO) has released its full Annual Report. Having looked yesterday at a few things I thought it would be worth a second look – especially in the light of a clean audit report from RPG Crouch Chapman. Mea culpa to myself and Tom who expected something different, but hang on a minute…

Saffron Energy - The City's No 1 oil analyst Zac Phillips sticks his knife in and he has a point

Published 115 days ago

I tipped shares in Saffron Energy (SRON) but urged folks to take profits some months ago. The shares were then 8p+ having listed at 5p. In recent weeks the shares have slithered back towards that 5p and I have been urged by folks to re-tip. I resisted that urge. Something was wrong. Now we all know what some folks have clearly known for a while, what the problem is.

Concepta - CEO buys a not un-trivial amount of shares: Follow suit

Published 115 days ago

It is good to see a CEO putting his money where his mouth is and the share purchase by Erik Henau should also scotch the silly rumours that a placing is imminent. The Concepta (CPT)  head honcho has purchased 80,000 shares at 12.175p. He now owns 293,333 shares so in that context this is a decent purchase. We'd hope to see more boardroom buying soon but expect also to see more hard news on order flow very soon.

Strat Aero - reality setting in - do not BUY!

Published 115 days ago

I warned you in explicit terms yesterday that the doubling of the Strat Aero (AERO) share price to 0.14p on the back of results which can best be described as a shit sandwich with dollops of jam tomorrow on top, was not justified. The shares have now slumped back to 0.09p-0.11p (TW 7, BBMs 0 once again) but do not BUY now for there are still deluded fools abroad.

Blur Group – significant shareholder selling following Friday’s A-Grade corporate horse spouting

Published 115 days ago

“Holding(s) in Company” announcement in Blur Group (BLUR) of a transaction on Friday – the day in which at 7am it released an “Update on financing, business plan and trading”

Exclusive: The full Slater & Gordon High Court Claim against Watchstone for £537m - damning on Rob Fielding, David Curry & the lies Quindell told

Published 115 days ago

Slater & Gordon (SGH) spunked £649 million on buying the worthless, fraudulent assets of Quindell (QPP) in 2015, a deal that has seen its shareholders suffer a 99% wipeout. It has now filed a UK High Court claim against Watchstone (WTG), Quenron as was for £637 million and we have obtained the papers and, in a major scoop, publish the Claim in full below.

WANdisco – share price recovery continues on Silicon Valley Bank announcement

Published 116 days ago

Shares in ‘big data’ company WANdisco (WAND) are continuing a recovery on the latest news of an agreement with Silicon Valley Bank.

Strat Aero - shares double on results but the company is almost bust - placing ahoy!

Published 116 days ago

Shares in Strat Aero (AERO) have almost doubled today to 0.14p which amazing as the final results for calendar 2016 are out and are utterly crap. Okay they are less crap than 2015 but they are crap and indicate that the company must be as near as damn it, bust. Yes we are promised more jam tomorrow but before we get there surely it is placing ahoy?

Video: A song for Phil Letts and his ghastly Mrs...

Published 116 days ago

I see shares in Blur (BLUR) are tanking again. Quelle suprise - given that it could be tits up time in three weeks. Anyhow for Phil Letts and his fellow grossly overpaid director his Mrs a song to brighten up the day. Natch as I think happily to a concert way back then in a summer's evening in Mile End Park, it's by Blur...  To The End!

Hornby – responds to Phoenix offer document publication, argues “significantly undervalues”...

Published 116 days ago

With an acquisition of shares last week by major shareholder, Phoenix, seeing it required to make a mandatory cash offer for Hornby (HRN), the latter has responded to the news that an offer document has been despatched…

Big Sofa - is the unnamed Consumer Goods Multinational Partner P&G? we think it is

Published 116 days ago

On 12 June Big Sofa (BST) announced a Global Agreement with a Consumer Goods Multinational based in the US. This was a big deal and reinforces our bullishness on the shares. But it did not name the company. But hang on have a look at the company's recently updated website below:

Walk like an Egyptian & Consider Grabbing A Glittering Interest in this Big Miner - Just in Case

Published 116 days ago

Hello Share Peelers. Some of the smarter minds in the big city keep telling us that gold will explode in value sooner or later. And yet the price of the yellow stuff is not exactly exploding. Never mind, if only as a hedge against shares in all other sectors, it makes sense to maintain an interest in gold.

Falanx - very odd share price moves ahead of results date: upgrade of stance to BUY

Published 117 days ago

Shares in Falanx (FLX) were almost 10p a month ago. The other day they were 6.25p to sell. What on earth happened? What fundamental event caused the company to lose more than a third of its value? Of course there was no such event. Price does not equal value.

Petropavlovsk - the dodgy Russians win, Hambro et al out, what to do...

Published 117 days ago

Rather as in the general election we found ourselves on the losing side at the Petropavlsovsk (POG) EGM. Peter Hambro and all bar two of the old board are out and nominees of the dodgy Russian shareholders are in. How should one view this?

Reader Poll Advanced Oncotherapy share price by close of play Friday?

Published 117 days ago

Advanced Oncotherapy (AVO) shares have fallen from a ramptastic peak of 350p to just 13.5p to sell as at last Friday. But sell you should as I explained again today HERE. The question is what will the shares be trading at ( mid) as at next Friday which is a critical deadline. What do you think? Let's gloat on the professional graves of scumbag crony capitalist Dr Michael Sinclair, arch share ramper Alan Green and PR low life Paul "Queenie" McManus. With a deadline of 7 AM Monday 26th vote now in the poll below.

Reach4Entertainment - Stoller resigned from board stays with Spotco - what next? BUY

Published 117 days ago

We had heard that there were boardroom, er discussions, underway at Reach4 Entertaiment (R4E) and thus it is no great sutprise to see that David Stoller is to step down as Executive Chairman and as a director as of September 30.

Tom Winnifrith: I lied to you - I have a 19th share, I'm 99.75% down in four months and over the moon

Published 117 days ago

Yesterday I revealed to you the 18 shares I own and thanks for all the comments. For the avoidance of doubt that portfolio started at zero four and a bit years ago and we have more than trebled our money to date. It happens. But I lied to you, the portfolio is incomplete. I own two other shares. 

Notes from Underground: On fire but not getting burnt

Published 117 days ago

The standout story of the week is Tom Winnifrith - the shares that are my 18 holdings: the non dirty dozen and a half which not only takes the top spot, it only went up yesterday and easily blew past every other story as it was Tweeted and passed around the bulletin boards. It can be crazy when a story catches fire like that.

Tom Winnifrith - the shares that are my 18 holdings: the non dirty dozen and a half

Published 118 days ago

Okay I do not own these shares personally. I case anyone is thinking of going for me in a libel case I own nothing but FIML, owned by my family trusts, has built from scratch a fairly sizeable portfolio of 18 stocks. For what it is worth here they are in descending order of current value.

Minoan share price weakness - panicking? No - Time to BUY

Published 118 days ago

Shares in Minoan (MIN) were up a smidgeon Friday but have been heading the wrong way all week. At the time of writing they are 7.5p-8.5p - a spread wide enough to drive a bus through. Market makers really do take the piss on occasion if not most of the time. Anyhow is anything wrong? Let's deal with the various rumours sent to us by email.

Echo Energy: The “Cornerstone Investor” leaving so soon – surely not?

Published 118 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.

InterQuest – management-buyout attempted robber barons struggling on acceptances

Published 118 days ago

The attempted robber barons of the InterQuest (ITQ) management buyout team (at Chisbridge Ltd) have made a “Level of Acceptances Update & Extension of Offer” announcement - and the independent director at InterQuest has responded…

Red Leopard Holdings: Congrats to Mr Akers – he could be an AIM millionaire (again)!

Published 118 days ago

A couple of pieces this weekend on similar themes, namely insiders cashing in and unusual, or complete lack of, TR-1s. This first article looks at the astonishing amount of money seemingly made in no time at all by Chris Akers at Red Leopard Holdings (RLH).

Table of shorted AIM shares - week to 23/06/2017

Published 118 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Crazy Times Call for Sensible Precautions - Keep Your Selling Finger Poised.

Published 118 days ago

Hello Share Pokers. If any more evidence was needed that we live in strange times it is this weekend’s news that the Bank of England was investigated by the Serious Fraud Office. I ask you!

Vipera – partnership announcement, though will it again need to be fundraising ahoy?

Published 119 days ago

Vipera (VIP) “is pleased to announce a partnership with Mambu a leading SaaS alternative to traditional core systems powering banking and lending” - and the shares are currently 9% higher above 6p, so let’s take a look…

Hayward Tyler – possible offer saga soon to conclude?

Published 119 days ago

Having on 31st March announced possible offer discussions with an initial deadline of 28th April, there is now another “extension to deadline” announced by Hayward Tyler (HAYT). However, is this saga now soon to conclude?...

Imagination Technologies – shares jump on commencement of formal sale process, though “remains in dispute with Apple”

Published 119 days ago

Shares in Imagination Technologies (IMG) have currently recovered more than 17%, to 145p, on the back of a “Commencement of formal sale process” announcement…

James Latham – “pleased” with full-year results, but a buy?

Published 119 days ago

Having last year commented on slowing growth, I note results for its year ended 31st March 2017 from panel and timber distribution company James Latham (LTHM)…

The People's Operator – “Make a call, make a change”… shareholders make a loss…

Published 119 days ago

“The People's Operator (TPOP), the cause-based commercial mobile virtual network operator, is pleased to announce its full year results for the period ended 31 December 2016”. Hmmm, these being announced approaching six months after the year-end – rarely a good sign…

Tom Winnifrith Bearcast: Why Paul Scott's fucktard follower will always lose & should you sell all your oil shares?

Published 120 days ago

Okay this really is the last one until September. But I have packed and am ready to travel and am bored, so here goes one more time. First up I discuss those who always blame others for their lack of profits, citing some twitter chum of the great Paul Scott. Then as Brent plunges through $45 I discuss why it is falling, where it will go next and if you should sell all your shares. The answer is a very selective no.

InterQuest – attempted robber barons respond to Defence Document, admit their offer “constrained”…

Published 120 days ago

Lambasted for a “materially undervalues” 42p per share offer, the InterQuest (ITQ) attempted management buyout team at Chisbridge Ltd has made a “Response to Defence Document”

Highlands Natural Resources: Results out - fun over - bubble bursting - get out

Published 120 days ago

I’m no longer surprised how stocks that, in my view, are inherently worthless or at least worth a fraction of their current share price can stay at such a high price or so long but I think the bubble is bursting, and gravity is taking hold, at Highlands Natural Resources (HNR) with a shocking set of results released yesterday. Let’s have a look at the “highlights”!

Hornby – major holder’s purchase means a mandatory cash offer

Published 120 days ago

Last month saw a regime change General Meeting requisition withdrawn at Hornby (HRN) and now the major shareholder, Phoenix, has unconditionally agreed to acquire the rebel’s (New Pistoia Income’s) shares – seeing it required to make a mandatory cash offer for the whole company...

The UK consumer is not in a complete stupor says Whitbread

Published 121 days ago

Is the UK consumer completely shot? For the last year we have had a waxing and waning in views from 'the experts' on this. The reality is that it depends who you talk to but, biggest picture, what is needed is a great product, attractive marketing and a base underlying need. I last chatted through the Whitbread (WTB) investment case in late January, where I concluded that the stock was still worth a punt...

Advanced Oncotherapy – another death spiral conversion as the company admits it is looking for alternatives

Published 121 days ago

AIM-listed Advanced Oncotherapy (AVO) has announced the latest death spiral on steroids conversion by Bracknor: £400,000 into 1.6 million shares. But with the shares sitting a country mile below the 25p nominal price they have to pay £190,000 back. That works out as 11.875p per share and thus means that Bracknor gets its new confetti at just (effectively) 13.125p. Not bad, bearing in mind that the lowest daily VWAP came in at 15.79p.

Surface Transforms – despite delays, argues “continue to look forward with confidence”. Hmmm - cash crunch ahoy?

Published 121 days ago

Surface Transforms (SCE) has made an “Operations, Customer and Pre Close Trading Update”, including that a German OEM is “now expected to introduce the company's products earlier than expected - on racetrack cars - in 2018” and “the company is now in full production, on all processes, at Knowsley”. However, other news is far from positive…

HaloSource – Woodford dog bailed out by few friends it has left, will the end still be the same though?

Published 122 days ago

HaloSource (HALO) “is pleased to confirm that the company has raised approximately £1.8 million ($2.2 million) through the issue of an aggregate of 117,692,560 new common shares to new and existing investors at a price of 1.5 pence per new common share”. I bet it is…

Xtract Resources: Plus ca change - more delays, more ramping and more dilution (plus a Royal Ascot tip)

Published 122 days ago

I thought I would pause before commenting on yesterday’s RNS from Xtract Resources (XTR) relating to the Manica alluvials as I felt it was odds-on that more dilution would come from one source or another following the ramping off the back of it. Surprise, surprise, Yorkville cashed in and announced a loan note conversion today, but let’s take a closer look at the announcements in any event.

Milestone - another bailout placing ahoy from the AIM Rule Breakers

Published 122 days ago

The underlying problem with Milestone Group (MSG) is that it is a crap business that never generates any cash. Thus in order to keep CEO Deborah White in the lifestyle to which she has become accustomed and to keep paying crony capitalist advisers such as shamed PR firm Walbrook (Eden, Fusionex, Advanced Oncotherapy etc) it relies on bailout placing after bailout placing with shareholders seeing value destroyed every time.

Toople – Let’s hear it for Epsilon Investments, a modern-day St Jude

Published 122 days ago

A blast from the past yesterday as I note that the Singapore-based investor, Epsilon Investments, has acquired 10 million shares in Toople (TOOP). As Epsilon’s history shows, it really is the modern day patron saint of lost causes, AIM’s very own St Jude; although I wonder if it recently had a very narrow escape.

Ariana – Placing/Subscription/Director Participation, £2m at 1.3p- did I goof?

Published 122 days ago

Well that solves that: a big placing and a very disappointing 1.3p price tag to boot. So what to do now? 

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

Published 122 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.

Flowgroup – from “actively pursuing” sale to that business being the “primary focus” of the company in just a few months

Published 122 days ago

Flowgroup (FLOW) has updated following a “successful re-capitalisation of the company”. Hmmm – having commenced 2017 at comfortably above 8p and been above 3p prior to a financing announcement last month, the shares have this month fallen below 1p...

Blistering Performance of IQE Shares, But I'm Not selling Yet

Published 122 days ago

Hello Share Scrimpers. When one suggests a share which becomes a two-bagger plus, there is a bit of a duty to keep readers appraised of developments. That is to examine whether it looks like enough is enough and it's time to consider taking profits. In the case of IQE (IQE) though, this is perhaps not the case.

Fusionex shares up 55% at 61p - WTF? Fear not

Published 122 days ago

In seven days time shares in Fusionex (FXI) the drowning in red flags tech company from the Norfolk province of Malaysia will be delisted from the AIM Casino. Yet the shares are up by 55% today at 61.5p. WTF?

Filtronic – year-end update, following prior ‘ahead of expectations’ announcement…

Published 122 days ago

Electronics products for the wireless telecoms infrastructure and related markets-focused, Filtronic (FTC) is “pleased to provide” a trading update for its year ended 31st May 2017 – and the shares has responded slightly higher towards 13p...

Plant Impact – Third Quarter Trading Update far from routine…

Published 123 days ago

“Third Quarter Trading Update” announcement from Plant Impact (PIM). Sounds routine, but the shares are currently more than 12% lower at sub 40p…

Microsaic Systems – from in December sales to be “substantially ahead” of 2016’s, to now “significantly lower than for 2016”

Published 123 days ago

“Trading Statement” announcement from Microsaic Systems (MSYS) includes Chairman Eric Yeatman commenting “we are very encouraged with the progress since our 21 March 2017 update, when we introduced our biopharma strategy, specifically around bioprocessing. We are engaging with several of the leading players in the global market for bioprocessing equipment”. However, the statement also includes that “the company now expects its H1 and full year 2017 revenue to be significantly lower than for 2016”. Hmmm…

Rockpool Acquisitions IPO - a new member of the Sub Standard XI? I fear I can't SUFTUM

Published 123 days ago

The demise of so many Standard Listed companies means that poor Cynical Bear has some big holes in his Sub Standard List X1 squad. But fear not, from God's chosen lands of Northern Ireland here comes Rockpool Acqusitions which will list in early July having raised £1.5 million at 10p.

Optibiotix - 3 year supply agreement a first part of being the new ARM: BUY

Published 124 days ago

On 25 April this year Optibiotix (OPTI) announced it had delivered a small sale of 100,000 units of its LPDL capsule to Germany's HLH BioPharma Vertriebs GmbH. That must have gone well as we are today told that Optibiotix has signed a three year deal that grants HLH a non-exclusive license to produce, package and commercialise products containing OptiBiotix's cholesterol reducing LPLDL® strain.

Norcros – results good and remains confident: BUY

Published 124 days ago

Bathroom and household equipment and accessories group Norcros (NXR) has announced results for its year ended 31st March 2017 and that “the board remains confident that the group should continue to make further progress for the year ending 31 March 2018”.

African Potash - like Dracula, seemingly unkillable but in the end...

Published 125 days ago

You would have thought that having not one but two advisers resign because they would not sign off on its lies, being out of cash, having its shares suspended on NEX after being slung off AIM would be enough to kill African Potash (AFPO). But it appears that the holy water, the garlic, the silver crucifix, the stake through the heart and all the other tools in Van Helsing's bag are not enough. But remember, in the end the Count will die.

Richoux – significant (discounted) management investment, but clear challenges remain for former Prezzo boss

Published 125 days ago

I previously wrote on restaurant group Richoux (RIC) in April, with the shares at 20p, concluding that there looks much turnaround work to do in an admitted “difficult” period for the sector and with it also placing ahoy, I avoid. The company has now made a “Completion of Subscription & Director Transactions” announcement...

Concepta - good news and er ...less good news and good news: STRONG BUY

Published 125 days ago

Let's start with the bad news. It really should not be a surprise given the lack of orders announced (until now!) but Concepta (CPT) has confirmed that it will miss full year 2017 sales forecasts. That is the bad news. It has launched a new product and it is a few months behind schedule. These things happen. But...

Table of shorted AIM shares - week to 16/06/2017

Published 125 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Sylvania Platinum looks to offer great long term value

Published 125 days ago

As long as there is nothing fundamentally wrong with the company itself, then with any leveraged play on commodity prices, which is basically what many producers are, the time to be buying is when the price of the underlying commodity is near the bottom of a cycle. It is usually hard to judge exactly where the bottom is going to be but, when it comes to platinum, I think we are nearing that area.

Drowning in debt Avanti Coms takes on more debt, is classed as non investment grade & exposed for misleading (again)

Published 126 days ago

You are drowning in debt so what to do? In this crazy world you take on more debt! and so Avanti Communications (AVN) today announced that it had secured a new $100 million debt facility. Read carefully and you will see what an absolute nightmare this news is.

SThree – trading update argues “solid base”, but what about the macro picture?

Published 126 days ago

Shares in staffing business SThree (STHR) are currently trading higher, above 300p, on the back of a half-year trading update. However, they are still lower than the more than 330p reach earlier this year, so what’s the current story here?...

EU Supply – framework agreement signed, but valuation merited?

Published 126 days ago

Shares in e-procurement software provider, EU Supply (EUSP) are currently a further more than 17% higher, at 17p, on the back of a “Framework agreement signed” announcement. Hmmm, a framework agreement – so no specific financials then?...

InterQuest – trading warning, but the attempted robber barons admit “solid” longer term fundamentals

Published 126 days ago

“Trading update” announcement from InterQuest (ITQ), a company subject to an attempted robber baron (Oops) management, buyout with a first closing date in less than a week. Hmmm...

Fusionex - votes to delist: shares now 33p to sell - worthless:: CEO Teh talks horseshit, has Nomad quit?

Published 127 days ago

Surprise surprise shareholders in Fusionex (FXI) voted to delist the shares from AIM. Management and stooges had the vote sown up anyway so won 85% to 15%. The shares will cease trading on 26 June. CEO Ivan Teh must have really pissed off the owners of 5.4 million shares who voted against.

Jubilee Platinum continues to make progress: BUY

Published 127 days ago

Shares in Jubilee Platinum (JLP) have taken a bit of a battering in recent months, but I can still see plenty of upside here on any sort of positive reversal in platinum prices, and it is also worth remembering that other platinum group metals have been more robust.

Starcom – shares soar on “Major Supply and Support Agreement”, but how ‘major’ is it?

Published 127 days ago

Having been bearish on Starcom (STAR) – from with the shares at above 7p HERE and most recently HERE – I note the stock currently 50% higher today, at 2.25p, on the back of a “Major Supply and Support Agreement” announcement…

DFS – profit warning, but reckons growth expectations for next year are still “realistic”. Hmmm…

Published 127 days ago

“Trading Update” announcement from DFS Furniture (DFS) includes that “we believe our expectations for the next financial year are realistic”. The shares are though currently more than 20% lower at around 200p, with the announcement also updating that “the trading environment has however recently weakened beyond our expectation, with significant declines in store footfall leading to a material reduction in customer orders”. Uh oh…

Servision - (lack of) profits warning and surely market abuse & breach of AM Rules?

Published 127 days ago

Servision (SEV) the AIM listed POS has today slipped out a horrible calendar 2016 profits warning but the fact that it has waited five and a half months to do so is surely market abuse. AIM Regulations state that price sensitive information must be anounced as soon as it is known. How on earth can the company's hapless Nomad, Allenby, tolerate this state of play? Or does it not care as long as it is paid?

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

Published 127 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.

LGO becomes Columbus Energy but is new boss Leo Koot the champion corporate wankspeak talker?

Published 127 days ago

This evening new LEGO Energy (LGO) boss Leo Koot will host an analysts briefing in the City on the day the company changed its name to Columbus Energy (CERP). The company has upgraded its FD and a statement issued is exceedingly upbeat. For that, as a loyal shareholder, I am glad. But the statement also contains aboslute A grade corporate gibberish/bullshit. Who is responsible for what follows? Please do not say it is Leo.

St Ives – shares soar on “a much improved performance”… but that’s compared to a “materially below” profit warning

Published 128 days ago

Shares in marketing services group St Ives (SIV) are currently soaring higher on the back of a trading statement announcement, including that the first four months of its second half have delivered a much improved performance. However, that’s compared to a “materially below” profit warning in the first half…

Entu – from bad (en)tu worse, issues “more complex and extend further” than expected

Published 128 days ago

October 2014, 100p per share, IPO, Entu (ENTU) has issued a trading update commencing that its strengthened executive team is progressing with the implementation of a detailed action plan, as set out in the full-year results statement, to reduce costs, improve operational efficiency, leverage its supply chain, improve cash collection and strengthen controls. Good, good. But what? The shares currently more than 30% lower on the day at well below 20p. Uh oh…

Strange share price action at Blenheim Natural Resources

Published 128 days ago

Blenheim Natural Resources (BNR) isn’t exactly on my list favourite AIM companies to invest in, but even I have been surprised by the recent sizeable drop in share price.

Avanti's next cash crunch could be far sooner than people think - in fact it could be in two weeks' time

Published 128 days ago

It is not a matter of IF drowning in debt satellites company Avanti Communications (AVN) will eventually see a 100% shareholder wipeout ( right now it is c99%) but WHEN. And it might be rather sooner than most folks think. In two weeks time to be exact. Is there something that its CEO , the bombastric Welsh prick David Williams, is not telling us as he counts his $15-20 million winnings.

Monchhichi – hilarious stuff, it’s the old Highlands Natural manoeuvre

Published 128 days ago

I last wrote about Monchhichi (MCC) in February HERE when it completed its underwhelming placing of £2.1 million at the incredible price of 35p and I wondered what it was going to do next. Well, rather than actually invest its funds and generate shareholder value it is has just announced some more financial spoofery last seen at the disastrous Highlands Natural Resources (HNR), It is worth taking a closer look.

Fusionex - why are the shares 45.5p? It is toast time at 10 AM tomorrow!

Published 128 days ago

Shares in Fusionex (FXI) the tech play from the Norfolk province of Malaysia still trade at 45.5p valuing the company at c£20 million. This has to be the biggest slam dunk short in London because at 10 AM tomorrow...

Monitise – from 80p in 2014 and “well placed” at approaching 6p in 2015 to a recommended offer… at 2.9p!

Published 128 days ago

Having previously attracted some adverse comment for bearishness on Monitise (MONI) – including at 50p+, I note the shares currently trade approaching 22% higher today, at 2.80p, on the back of a recommended cash offer for the company…

Mosman Oil & Gas over-reacts to very average news at best!

Published 129 days ago

Private investors often seem to have very short memories, and although many have previously been badly burned by putting money into Mosman Oil and Gas (MSMN), some were flocking back into the company again today, sending its share price rocketing.

Ashtead's awesome strategy and numbers... so what to do now with the shares?

Published 129 days ago

I last mused about industrial plant and tool hire company Ashtead (AHT) fourteen months ago, since when the shares have basically doubled. Happy days...but no resting on the laurels because correctly you should be asking the question of 'so what do we do right here and right now?' Fortunately, the company puckered up its full year results today so all the latest information is to hand.

Big Sofa – major US deal, Ipsos named, new forecasts – buy at up to 25p – 50p target is CONSERVATIVE! ( 120p plausible)

Published 129 days ago

Big Sofa (BST), the provider of video analytics technology and services has announced that it t has been approved as a ‘Global Systems Partner’ to provide video research and technology services to one of the world’s largest consumer goods corporations, headquartered in the USA. Annoyingly we are not told who this is but it will leak. You may remember the big win with a market research firm?

Mercantile Ports - before we turn to dire results today, more on this zero in waiting

Published 129 days ago

Mercantile Ports & Logistics (MPL) has served up dismal numbers & pathetic excuses today and its shares have slumped to a pitiful 5.625p. My target remains 0p as it was in this expose a few months ago. I will turn to the results later but before then...

Advanced Oncotherapy - new loan, now desperately borrowing against VAT receivable, 0p within weeks

Published 129 days ago

I have never seen a loan like this. It is sheer desperation from a company that faces imminent insolvency. Make no mistake, Advanced Oncotherapy (AVO) is on the way out and corporate death will occur very soon indeed.

Eckoh – full-year results argue “excellent” future prospects, but what’s already in the valuation?

Published 129 days ago

“Eckoh plc (ECK), the global provider of secure payment products and customer contact solutions, is pleased to announce its final results for the year ended 31 March 2017”. Hmmm, this though follows a profit warning in September

Porta Communications – announces completion of new banking facility, how’s the balance sheet then?

Published 130 days ago

On the back of a “Financial Completion of New Banking Facility” announcement, shares in PR and marketing group Porta Communications (PTCM) are currently more than 6% lower, sliding back below 4p. Hmmm...

K3 Business Technology – following profit warning last month… fundraising to avert cash crunch ahoy

Published 130 days ago

K3 Business Technology (KBT) has announced a 140p per share conditional placing to raise a gross £7.5 million and an associated open offer to raise up to £1 million, with October-commenced CEO Adalsteinn Valdimarsson emphasising this as it “enables us to operate with full flexibility as we make strategic decisions”. This following recently another profit warning. Hmmm…

Stanley Gibbons – is it guilty of market abuse with statement claiming a bid approach that was not?

Published 130 days ago

On Friday some punters paid up to 13.5p for shares in Stanley Gibbons (SGI) after it claimed that it had received a bid approach. The shares are now c11.5p to sell after that was exposed as er...just not true.

Advanced Oncotherapy – the stench of desperation as the shares crash

Published 130 days ago

Shares in doomed Advanced Oncotherapy (AVO) are now 15.25p to sell, compared to a 25p nominal price. That means that as death spiral provider Bracknor desperately tried to convert c£3 million on loan notes into shares to flog to eliminate its exposure under the spoof arrangement with Advanced it will demand fees of 40p for every £1 of loan note converted. As it scrambles to convert notes and flog shares before the fat lady waddles onto stage from the wings (where she is already warming up), the share price will continue to tank making things even worse. So what to do?

Stanley Gibbons bid approach - maybe mad Edi is not mad after all?

Published 130 days ago

This has been an awfu sharel tip and so, as a shareholder myself, I almost welcome an end to my suffering. I am sure the bidder is looking to pick up assets on the cheap and won't pay anything like a full price but at least the shares are up by 2.125p to 13.25p mid.

Shoe Zone – half-year results suggest continued income value

Published 130 days ago

Value footwear retailer, Shoe Zone (SHOE) has announced results for its half year ended 1st April 2017 and that it “has traded broadly in line with management's expectations since the period end and the board continues to look to the future with confidence”.

Red Leopard Holdings: The Spreadex and Aberdeenman combo – can they repeat their CloudTag magic?

Published 132 days ago

I see things are beginning to stir at Red Leopard Holdings (RLH) but one of Friday’s RNS’s relating to a significant stake being acquired by Spreadex left me in a bit of a cold sweat. History isn’t going to repeat itself so soon is it?

BOS Global: Fair play – some answers provided and the Call Design spoof clarified

Published 132 days ago

I wrote last week (HERE) about the disappointing opaque nature of some of the recent announcements emanating from BOS Global (BOS) and raised a number of questions that were bothering me. To give the company some credit, it has issued two RNS’s since then clarifying certain aspects and particularly pleased with the clarity on the Call Design deal.

Nektan: CEO quits – Daily Mail readers have had a bad week!

Published 132 days ago

No great surprise that Nektan’s (NKTN) CEO, Leigh Nissim, has announced his resignation this week as it must be a challenging and dispiriting role, although one I do wonder when he actually started looking as he’s been in the role for less than a year. It leaves me though with me with a sinking feeling about the PR machines at play at this end of AIM and must also leave Daily Mail readers fuming.

Table of shorted AIM shares - week to 09/06/2017

Published 132 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

HaloSource – Chinese investor approval “not been granted”, currently c. 21 days to insolvency for another of Woodford’s dogs

Published 133 days ago

Writing on HaloSource (HALO) last week, I noted funding delay from China now leaves no margin for error. There is now a “Further Update on Fundraising” announcement, which includes “the Chinese governmental approval has not been granted”. Uh oh…

Coral Products – notes “a much improved performance”, but what happened when it was previously positive?

Published 134 days ago

“Trading Statement” announcement from Coral Products (CRU) commences “Further to the company's trading update dated 27 January 2017”. What was that update then? Oh yeah… that “profitability for the year ending 30 April 2017 is likely to be materially below management's and market expectations”

Distil – emphasises “strong growth” & “maiden profit”, so why the share price decline?

Published 134 days ago

Shares in alcohol drinks brands (including Blackwoods Gin and Vodka, RedLeg Spiced Rum, Blavod Black Vodka, Diva Vodka and Jago's Vanilla Cream Liqueur) company Distil (DIS) are continuing to fall following results for its year ended 31st March 2017, despite these emphasising “strong growth in brand volumes and revenues delivers maiden profit”

Kefi FY results - numbers irrelevant - this is the key statement: BUY

Published 134 days ago

For what it is worth Kefi Miinerals (KEFI) lost £1.233 million last year. That is academic. Following the recent placing and VAT refunds from the Ethiopian Government cash is not an issue. What matters and what will drive a re-rate of the shares - now at 5.57p - is progress on the development of the Tulu Kapi gold mine.

AO World – AO, Oh no! (again)… full-year results see CEO argue “great progress”, but detail suggests otherwise

Published 135 days ago

Results for its year ended 31st March 2017 from UK and Europe online electrical retailer AO World (AO.) see its CEO Steve Caunce emphasising “it's been another year of great progress for AO”. Hmmm, why a significant share price decline then, Steve?...

Petropavlovsk – Exploration Update emphasises achievements amidst attempted boardroom coup

Published 135 days ago

Petropavlovsk (POG) Chief Executive Pavel Maslovskiy is “delighted to report a strong set of exploration results, which are encouraging at all levels including target generation, and to update you on our progress during 2017.”

Audioboom – Q2 update & summary of some commissioned research. Er, how about some cash information Rob?

Published 135 days ago

Audioboom (BOOM) has updated on the second quarter of its year, emphasising “strong performance for the first quarter of the year continued”. However, the shares have currently responded lower. Hmmm…

Some might think Oilex looks cheap - it isn't!

Published 135 days ago

Oilex (OEX) took a big hit to its share price this week following news of an unsuccessful workover at two of its oil wells, and it is hard to see how the company is going to turn things around.

Advanced Oncotherapy: Bracknor Death Spiral news - this is a sham & 0p beckons fast

Published 135 days ago

With its hand forced by my article HERE, Advanced Oncotherapy (AVO) has clarified, i.e. changed, the terms of its death spiral deal with loan sharks Bracknor. It states "This reaffirms Bracknor's prior and on-going support for the Company and its shareholders." Dr Michael Sinclair you are talking bollocks. It has changed a death spiral to a death spiral on steroids. 

Somero Enterprises – a special dividend & “remains encouraged” by trading environment, but a buy?

Published 136 days ago

US-based manufacturer (why’s it listed on AIM?) of equipment automating the spreading and levelling of concrete, Somero (SOM) has held its AGM today, which has also seen an update on trading…

Amino Technologies – updates on trading “at record levels”, so why are the shares currently down?

Published 136 days ago

Shares in provider of digital TV and cloud products and services to network operators, Amino Technologies (AMO) have recovered strongly from an October 2015 profit warning, to recently above 200p. However, they are currently sliding back below this level on the back of a “Trading Update” announcement…

Detailed 14 page note on Union Jack Oil & Gas

Published 136 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.

DP Poland – placing as ‘insufficient confidence’ of expansion going to plan

Published 136 days ago

Having fallen by approaching 7% to close at 42.625p, a 5:23pm “Proposed Placing” announcement from AIM-listed DP Poland (DPP) - and announcement this morning including that the placing is at 43p per share. Any regulator out there?

BOS Global: Something smells wrong here - a few questions for Mr Travia

Published 136 days ago

A number of things have been bugging me about BOS Global (BOS) for a couple of weeks as certain acts and omissions have had me scratching my head, so I thought I would raise some of these questions here and perhaps Michael Travia, CEO, can provide some answers.

InterQuest – summarises reasons to ignore offer (from the attempted robber barons)

Published 136 days ago

With the attempted robber barons having recently posted their offer document to shareholders, InterQuest (ITQ) independent director David Higgins, being advised by the company’s Nomad and broker Panmure Gordon, has summarised why the offer should be ignored ahead of writing to shareholders no later than 15th June…

You May Still Want to Back the Black Horse with a Divi that's Riding High

Published 136 days ago

Hello Share Dredgers. Once again I bring to you Lloyds Banking Group (LLOY) as a share worth considering. This simple statement will draw flak from my good friend Wildrides, but the case for Lloyds is getting better.

Dillistone – profit warning, dividend cut, fundraising needed, but reckons a-ok due to unidentified new product!

Published 137 days ago

“Trading & New Product Update” announcement from recruitment industry software group Dillistone (DSG) commences that, having previously noted some market softness, “as we have moved further into the year, we have seen some improvement in terms of the volume of new business wins and are pleased to have taken a number of clients from our direct competitors”. Sounds encouraging, but what? The shares currently down 15% (at sub 72p)! Better read on…

Andrew Monk of VSA on LGO - it is going to be another good week

Published 137 days ago

Over the weekend this site explained 4 reasons why LGO shares were set to move sharply higher and soon. They are up by 9% so far today but there is a lot more to come. One thing we missed is that the new boss Leo is doing more City meetings later this week. This is flagged up in an email sent today by Andrew Monk, boss of house broker VSA. He really believes that the shares could be 20p. we shall see. Monk's email follows:

Toople Placing Dam Squib, shares collapse, but bankruptcy postponed

Published 137 days ago

As predicted over the weekend shares in Toople (TOOP) have collapsed this morning after Friday's after hours announcement of a £2 million fund raise at 2p. Suckers were invited to take part as the Friday closing mid was 3.25p. The spread now is 2p-2.5p so any flippers hoping to flip will be frustrated.

Last time we made 117% on Wishbone: buy again at up to 0.9p

Published 138 days ago

It was a cracking tip last time around. We never sold the shares we held in Wishbone Gold (WSBN) as we have always had faith in the long term story. But our website is not about long term gains - although they are not a bad thing! It is about short term gains and we reckon that Wishbone Gold will deliver those in spades. The trade is to buy at up to 0.9p with a target to sell of at least 1.3p within months - when this article first appeared on HotStockRockets the shares were 0.7p offer. Our readers are already in the money but the shares are still buyable!.

ECR Minerals - £1 million placing at 1.8p - a pain but probably good news

Published 138 days ago

Having got us all excited with news that the Chinese money was in two days ago the shares started racing away - hitting 2.3p on Thursday - and guess what: another placing - £1 million raised at 1.8p. ECR Minerals (ECR) says that it was over-subscribed. Well do bears shit in the woods - give stock away at a whopping discount and of course your placing will be oversubscribed.

Stanley Gibbons – further disposal boosts the balance sheet, is there now a buy case?

Published 138 days ago

This has been a dog of a share tip from us but is there now a case for a small buy as a recovery play? Stanley Gibbons (SGI) has followed the recent sale of a major part of its Interiors division with an announcement of a £1.4 million sale of its interest in operator of the annual Masterpiece London art and antiques fair, Masterpiece London Ltd.

Notes from Underground: Help stamp out disco in our lifetime

Published 138 days ago

The first non-Tom article is #1, The explicit signs that a stockmarket crash is on its way... soon, by David Scott. This bodes well - the snakes and frigana may actually be drawing Tom's attention away from the market and back to his sabbatical.TW note you missed out this article which was actually the most read, modesty prevents me from saying who penned it. More Labour vote rigging!

FastForward Innovations – What’s going on with Nuuvera? More like New Tricks!

Published 139 days ago

There’s a few short-term challenges ahead for Jim Mellon's FastForward Innovations (FFWD) but for this piece I wanted to focus on the one I find most amusing, namely its most recent investment in the marijuana space, Nuuvera Corp, which reminds me of an episode of Dennis Waterman’s finest work – New Tricks.

Fusionex: Sell while It’s still possible but I've bought Petrofac

Published 139 days ago

I certainly don’t condone bribery but I can understand why Ayman Asfari and Marwan Chedid, CEO and former COO of Petrofac (PFC) might be feeling a little hard done by, having been arrested by the Serious Fraud Office and seeing the company’s value plunge by £1.5 billion, as an investigation is launched into its dealings with shadowy Monaco-based “agent” Unaoil.

4 Reasons why we have increased our target price for LGO Energy

Published 139 days ago

Shares in LGO Energy (LGO) have started to tick higher and closed last night at 2.5p mid - well up on our 1.8p offer price share tip of just over three weeks ago. Four things are happening and we are increasing our target price to sell from 2.7p to 3p and even that may have to be increased again. So whaat are the 4 reasons?

Table of shorted AIM shares - week to 02/06/2017

Published 139 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Toople – Roll up, roll up, anyone fancy investing…..before it topples that is?

Published 139 days ago

After hours on Friday, Toople (TOOP) announced an offer of a lifetime, namely to subscribe in a placing to raise up to £1.9 million at 2p having spent the £2 million it raised a year ago (at 8p). This shouldn’t come a big surprise as the business announced in March that funding would be needed; however, I still think it is worth reiterating a couple of points.

Vipera – “pleased to announce” new agreement, but what’s happened to funded “through to cash flow profitability”?

Published 140 days ago

Vipera (VIP) “is pleased to announce a multi-year agreement with Bankart d.o.o., a leading payment processor” and CEO Marco Casartelli is “delighted to have agreed such a significant and multi-year agreement with Bankart and we very much look forward to delivering more innovative solutions together in the future”. Sounds good, but what's the detail?...

Photo-Me – updates on trading after UK photo ID regulation scare

Published 140 days ago

I previously commented on Photo-Me (PHTM) in January as the shares slid from above 170p to below 155p on UK photo ID regulation media comment. The company has now made a “Trading Update” announcement for its year ended 30th April…

ECR Minerals - all the China Money now in! Like pulling Dragon's Teeth

Published 140 days ago

After numerous delays ECR Minerals (ECR) has announced that all the cash promised by Shenyang Xinliaoan Machinery Co Ltd in the 27 February £553,564 placing is in. As a result of the delays the Chinese had already coughed up about half of that amount in non refundable deposits. But now all the cash is in and new shares will be issued in due course. Phew! What a relief. This has been like pulling dragon's teeth. The shares have responded by moving ahead sharply - another winning share tip from the team!

Vela - sells a few shares in BTL but look at value of remaining stock!

Published 140 days ago

Vela (VELA) has announced that following cracking results from investee company TSX listed BTL it has sold 50,000 shares netting net proceeds of C$263,106.15 (equivalent to £152,530.79). That and the cash remaining from the recent bond issue will support (low) PLC cost and allow Vela to make further investments.

Hayward Tyler – possible offer & debt ‘cans’ again kicked slightly further down the road

Published 140 days ago

Previously writing on Hayward Tyler (HAYT) I noted a bank facilities extension to the end of May, following an extension of the deadline for a possible offer for the company by Avingtrans plc to also late May. And now…

Advanced Oncotherapy- where's the statement you goddamn shysters?

Published 140 days ago

Wakey wakey Michael Sinclair and the other tossers who run Advanced Oncotherapy (AVO). Time to get out of the luxury gym ( membership fees paid by grateful shareholders) - you need to be issuing a statement don't you? Bracknor? 10 days? Capital Reorganisation? Ring any bells? Come on, call your useless PR man Paul Queenie McManus and tell him to stop promoting the Eden fraud and get a release ready for you.

DCD Media – 2016 results argue “measures… will ensure that the business can deliver value”. Will they?

Published 141 days ago

An 11:26am results announcement from tv distribution and production group DCD Media (DCD). Hmmm, why not a standard 7am release? Let’s take a look…

Green Dragon - mega dilution or insolvency ahoy

Published 141 days ago

Green Dragon Gas (GDG) still has not answered the questions posed by the bloody dossier almost four years ago HERE. That made it uninvestable in my book. Its chairman Randeep Gewal was in London yesterday pressing the flesh at Proactive Investors - always a sign that a hat is being dusted off. I am sure he schmoozed the dumb mug punters present but here are a few things he probably did not mention but which you can find in the 2016 annual report HERE.

Fusionex now 42.5p but that is 42.5p too high: fitness guru Paul Scott weighs in

Published 141 days ago

If ever there was a demonstration of how price is not the same as value when it comes to shares it was Fusionex (FXI). Time and time again we pointed out the red flags yet the company maintained a market cap of up to £100 million. that was £100 million too high. Now, after five years in which £55 million has been transferred from UK Investors to Malaysia the company announced after hours on the Friday before the bank holiday weekend that it would delist. Its shares have crashed to 42.52p (the last fund raise was at 325p) but that is still way too high. And Britain's top share blogger, the fitness guru Paul Scott has weighed in and agrees with me.

Haynes Publishing – “a significant turnaround”?

Published 141 days ago

Haynes Publishing (HYNS) is a leading riser currently today on the back of a “Trading Statement” announcement which emphasises “a significant turnaround of the business”, including “reportable profit before tax and exceptional items is expected to be c.40% ahead of the prior year”...

Echo Energy – And so it starts: the abuse of the Block Admission rule – it must be stopped

Published 141 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.

Avocet Mining – “pleased to announce” a standstill agreement… I’d suggest it not being too pleased as yet…

Published 141 days ago

Avocet Mining (AVM) “is pleased to announce today that its subsidiary Société des Mines de Bélahouro SA that operates the Inata gold mine in Burkina Faso, has entered into a standstill agreement with its major trade and financial creditors”. I’d suggest it not though being too pleased as yet…

Torotrak – value destruction-enforced General Meeting held. Reckons “no further action” necessary. Hmmm…

Published 142 days ago

“S656 General Meeting Update” from Torotrak (TRK). But it doesn’t seem to have released the results for its year ended 31st March 2017 as yet?…

Nature Group – 2016 results make clear material improvement needed otherwise it’ll soon be cash crunch ahoy!

Published 142 days ago

Having most recently warned on shares in Nature Group (NGR) in January as they jumped above 12p, I note they currently down 12% today, heading towards 8p, on the back of the company’s 2016 results announcement…

HaloSource – funding delay from China now leaves no margin for error

Published 142 days ago

Last month I looked at a conditional fundraising announcement from HaloSource (HALO) – conditional bailout fundraising, kicks the can down the road (not very far!). It may be not very far at all…

The People's Operator burns through cash at an astonishing rate

Published 143 days ago

The People’s Operator (TPOP) was once a favourite with private investors but its share price has taken a tumble since the latter part of 2016. However, I believe that it is still well over-priced at its current level.

Starcom – order delays, but reckons second half growth. Hmmm…

Published 143 days ago

An AGM statement from Starcom (STAR) includes that “gross margin is ahead of the average for 2016 and better than expected” and “some increases in order value on last year”. However, “revenues for the first four months of the year are slightly behind budget”. Hmmm...

New bailout funding ‘kin starts at Kin Group… though for how ‘kin long?

Published 143 days ago

And so it ‘kin begins (that and the title should appease Cynical Bear); Kin Group (KIN) “hereby announces that on 26 May 2017 it received a notice of conversion in respect of £100,000 in nominal value of the loan notes which were issued to Belastock Capital L.P. Definitions used in this announcement are taken from the company's announcements dated 15 May 2017”

FastJet - PR fecking geniuses Citigate can't polish a turd - dismal results and a warning of worse: target price 0p

Published 143 days ago

Hello fascist, journalist smearing, PR fecking geniuses at Citigate Dewe Rogerson, your favourite follower of the dog that is FastJet (FJET) is writing today from my home village in Greece. You have done a good job at polishing the turd that are the calendar 2016 results from Fastjet (FJET) but if folks read beyond your spin to the bottom of the statement they will realise this is a basket case and the shares - at 16p are a stonking sell - the target price is 0p.

Fusionex - the rats start abandoning the sinking ship, the shares crash 64%

Published 143 days ago

After hours on Friday Fusionex (FXI) a company from the Norfolk province of Malaysia announced that it was planning to delist from the AIM casino. This has always been a "wrongun" and myself, Lucian Miers and the great Kevin Ashton warned you many times to sell - over the weekend I listed 11 red flags the City crony capitalists were happy to ignore. Today the shares have crashed 64% to just 46p and the rats have started to abandon ship.

Chamberlin – full-year results and management chat

Published 144 days ago

Chamberlin (CMH), a 105p offer price share tip from ourselves last month, has announced results for its year ended 31st March 2017 and that ongoing growth is “supported by major new contracts coming on stream”. The shares are now 154p! Who's Da Daddy???

Cost cutting could prove costly for International Airlines Group

Published 144 days ago

International Consolidated Airlines Group (IAG) has been on a steady upwards trajectory ever since taking a big hit to its share price when the UK voted in favour of Brexit last June, but that rise looks like it is about to hit a brick wall following last week’s debacle involving British Airways.

Malay Junk Fusionex - to end the AIM farce - RNS at no-one is watching a clock - as £55 million of UK cash goes up in smoke

Published 145 days ago

At 5.30 PM on the Friday before the bank holiday, no-one is watching O'Clock, Fusionex (FXI) said that it was to delist from AIM. The shares closed the day off 2p at 129p but will absolutely crater Tuesday as this stinks as we have warned you so many times - as you can see HERE. Once again we are vindicated and the City pump & promote machine must hang its head in shame.

Alliance Pharma – positive AGM update, remains a buy

Published 145 days ago

Alliance Pharma (APH) has made an AGM update announcement, including that trading “is good and in line with the board's expectations” and that “cash flow in the business remains strong”. This is a healthy reaffirmation of our BUY tip of last month which is now well in the money.

Market abuse, PCGE, an honest if careless scouse tipster and the sordid underbelly of AIM

Published 145 days ago

Having explained how folks paying up to 0.16p for shares in PGCE fully deserved the rogering they got on Friday after a new media rampfest turned sour I was startled to be told by some professional TW hater "but you tipped it, Doc Holiday said so". Au contraire.

Petrofac can still recover after recent bad news

Published 145 days ago

Petrofac (PFC) has seen its share price get absolutely hammered in recent weeks, and although some will probably think I am mad, I can see a buying opportunity here at these levels.

Notes from Underground: Devil is in the details

Published 145 days ago

Well all right, this is more like it. The first non-Tom article is #1, Infrastrata – cash crunch & sack-the-board General Meeting ahoy… so it’s strategic review time!, by Steve Moore.

Orogen - shares suspended ahead of Adam Reynolds RTO and it looks like a blinder!

Published 146 days ago

Bingo. Off we go. We hope that you averaged down and got on board as we urged the other day as shares in Orogen Gold (RE) have been suspended at 1.7p ahead of a readmission document for what looks like a cracking RTO. This could be the most sizzling Adam Reynolds reverse yet.

PCGE - Placing: the morons deserved to be debagged & buggered: Chairman Poulden did the right thing

Published 146 days ago

Yesterday morning I ran a piece pointing out that at 0.15p the valuation of PCGE (PCGE) was utterly insane and anyone buying shares (at up to 0.16p!) deserved the beating that would surely follow. It did not take long. At 2.19 PM the company announced it had raised £400,000 at 0.1p. Ouch. The shares are now 0.11p to sell. BBMs 0 The Sheriff of AIM 1. A familiar scoreline.

Obtala - acquisition of WoodBois International: good deal, Miles scales up - shares still cheap

Published 146 days ago

The transformation of Obtala (OBT) under Miles Pelham has continued with the $14.8 million purchase of WoodBois, a leading global trader and producer of sawn timber. Obtala shares, tipped by us at an 8.25p offer and retipped at prices much lower than that now trade at 19.75p-21p but are heading far higher.

Table of shorted AIM shares - week to 26/05/2017

Published 146 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Mysquar Ltd Part 2: Taking liberties with the Truth

Published 146 days ago

I wrote about Mysquar (MYSQ) last week and promised to explain how conflicts of interest and accounting shenanigans make it uninvestable. In the AIM admission document of two years ago it is stated:

Eagle Eye Solutions – from “confident” of sufficient headroom, to John Lewis ‘pump’, to...

Published 146 days ago

In March I questioned whether the balance sheet of Eagle Eye Solutions (EYE) was sufficient despite the company stating it was confident of sufficient headroom to support its current strategic ambitions. It is now “pleased to confirm… 2,666,667 ordinary shares have been conditionally placed… at a price of 225.0 pence per placing share to raise approximately £6.0 million (before expenses)”. Hmmm…

Not all our share tips give readers 12 day profits of 77% some take longer - catch next hot tip TODAY for just £5 + the Falanx excitement and will we make another 100% on Obtala

Published 147 days ago

Four times in the past three or four months we have advised our readers to bank big gains on shares we tipped - the one before the one before last was a 77% profit (offer to bid ) in just 12 days. But though we target quick gains, most tips take rather longer to make money for our readers. take Falanx (FLX) we tipped it last year at a 4.75p offer - it is a solid cashed up fast growing cyber security play. We like it so much we own a few shares too but won't be selling any of them till after our readers bank big gains. The shares are now 9.5p -10p! That is a potential 100% offer to bid profit!

Plastics Capital – placing to help “satisfy increasing demand”, but also dividends ‘suspended’. Hmmm…

Published 147 days ago

“Placing to raise £3.74 million” announcement from Plastics Capital (PLA), including to enable it “to satisfy increasing demand for the group's products and thereby accelerate organic growth”. With also a relatively limited 4.5% discount to the prior 122.5p closing share price, sounds reasonable enough. But what’s that? It is to “be augmented by the decision of the board to suspend dividend payments for at least the next two scheduled payments”. Hmmm...

Billing Services - another Jim Mellon backed AIM disaster: don't go bottom fishing

Published 147 days ago

Oh dear, this has all the makings of another AIM disaster for my good friend the offshore based asset stripper Jim Mellon. But look on the bright side Jim, you have probably lost far more of your wealth with HK dog Regent Pacific, whose shares continue to tank in an alarming fashion. Anyhow, back to the home grown disaster stories. Shares in Billing Services (BILL) are down again today to 2.875p valuing this company at £8.1 million. that looks awfully generous.

21st Century Technology – from “good” recent progress in December, to now-stated “poor” second half 2016 financial performance!

Published 147 days ago

Fleet and passenger systems company 21st Century Technology (C21) has, tardily, announced results for the 2016 calendar year, though with CEO Russ Singleton emphasising “we made real strides last year with major framework renewals, organisational restructuring and innovative new sales”. Sounds promising. However...

PCGE - valuation crackers

Published 147 days ago

I am innundated with lunatics and spivs tweeting me that shares in PCG Entertainment (PCGE) are cheap. It is the ramp de jour among the Bulletin Board lunatics. But at 0.15p the valuation is bonkers. Let me explain.

Kefi Minerals - revised DFS published - look at NPV! BUY

Published 147 days ago

Kefi Minerals (KEFI) has published a new DFS ( Definitive Feasibility Study) for the Tulu Kapi project - its first since 2015 and its last before it completes its financing needs and heads towards the construction of an open pit gold mine in Ethiopia.

Portmeirion Group – AGM update sounds encouraging, but how so is it really?

Published 147 days ago

An “AGM Statement” announcement from Portmeirion Group (PMP) commences that total group sales are up 26% for the four months ended 30 April 2017 relative to the same period last year” and includes “pleasing performance of the company to April 2017”. Sounds encouraging…

Amryt - Very Upbeat AGM - upgrade ahead??

Published 147 days ago

Amryt Pharma (AMYT) held its AGM yesterday and the statement seems to hint that forecasts are going to have to be raised. It is a very bullish statement indeed. The company states:

Biffa Is not For Bears and Shareholders Could Have a Beano

Published 147 days ago

Hello Share Swillers. Apparently we all like the idea of our waste not being wasted. Most of us religiously sort our recyclable rubbish from the non-recyclable into the correct bags and containers. And it’s this liking for not wasting our waste which a company called Biffa (BIFF) thrives upon.

Proxama – not just “New Contracts”, but new “revenue generating contracts”. Ooooh…

Published 148 days ago

Having recently concluded on Proxama (PROX), the explicit inclusion of “should it require further working capital” suggests to me it very much will, I note an announcement today that the company “is pleased to announce four revenue generating contracts for its Proximity Marketing and Data Division”“Revenue generating” rather than any useful financial information hey? And an ‘RNS Reach’ (i.e. not regulatorily significant) announcement hey? Ramptastic!...

Sanderson Group – interim results and management chat

Published 148 days ago

November 72p offer price share tip, Sanderson Group (SND) has announced results for its half year ended 31st March 2017 and that it has “a good level of confidence that the group will continue to make further progress and deliver trading results in line with market expectations for the current year”.

Petrofac – shares crash further on update on SFO investigation

Published 148 days ago

An “Update on Serious Fraud Office Investigation and Board Change” announcement from Petrofac (PFC) sees the shares currently crashing further in response...

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

Published 148 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.

1Spatial – disappointing results (as expected), but more recent trading encourages: BUY

Published 148 days ago

Results announced by 1Spatial (SPA) for its year ended 31st January 2017 are disappointing – though we previously stated they would be and note new management’s current year objective “to ensure that we generate cash and profitable adjusted EBITDA, as well as follow through on key strategic initiatives… Early trading in Q1 2018 has been strong”.

Tungsten Corp – CEO Hurwitz claims “remarkable headway in fiscal '17”, so why are the shares lower?

Published 148 days ago

“Pre-close FY17 Trading Update” announcement from Tungsten Corp (TUNG) sees CEO Rick Hurwitz claiming “Tungsten made remarkable headway in fiscal '17”. With the shares responding, er, more than 3% lower to 66.25p, the following reviews...

There's Value in Valves, as This Vital Venture's Shares Re-Vitalise

Published 148 days ago

Hello Share Ticklers. The old memory doesn’t get any better as I motor towards the end of life’s great highway, but I don’t think I've looked at IMI (IMI) here before.

PhotonStar LED – results see CEO McKenzie claim “steady progress”, so why are the shares a further more than 7% lower?

Published 149 days ago

PhotonStar LED Group (PSL) CEO James McKenzie commences his comments on 2016 in the company’s results announcement that “steady progress was made in transitioning the group into becoming a retrofit connected lighting and building management business. We have installed a number of trials in a variety of sectors”. Sounds promising, so why are the shares currently 7.5% lower, at 1.85p, on the back of the announcement?...

Strat Aero - announcing a contract worth £20,000 suggests sales pitiful - when's next rescue placing?

Published 149 days ago

Strat Aero (AERO) the AIM casino listed company that under a former management team repeatedly lied to investors is still a joke. In January and February of this year it raised $1.23 million gross (call it $1.1 million net) promising that 2017 would be a turnaround year. One would hope so - in 2016 it lost c$3.5million. So how is it going? Not well I suggest, judging by a joke RNS today.

Altyn - why should only institutions see the presentation? Here you go

Published 149 days ago

I reckon that shares in gold miner Altyn (ALTN) are cheap as you can see HERE. Last week the company did a two day City roadshow (not raising cash) in which it gave a full presentation to fund managers. But why should the City boys & girls playing with other folks cash be the only ones to see the presentation? In that spirit...

Katoro Gold shares to more than double?

Published 149 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.

Advanced Oncotherapy – just what are the terms of the Bracknor funding?

Published 149 days ago

AIM-listed Advanced Oncotherapy (AVO) has this morning announced another conversion of death-spiral loan notes by Bracknor. That is not news – there have been plenty already and there are many more to come. But for the third time in succession we seem to have different terms being applied. Surely it is time for the company to tell the market what is going on?

Echo Energy – Insane valuation; James Parsons is not worth £100m, he’s not a magician: SELL

Published 149 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.

It's hard to see how BOS GLOBAL can justify its current market valuation!

Published 149 days ago

There are plenty of companies on AIM where it is hard to see where the value is and why private investors are so keen to chuck their savings into the shares, and BOS GLOBAL Holdings (BOS) would certainly seem to fit the bill!

Aeorema Communications – 1:01pm “Trading Update” announcement. Uh oh…

Published 150 days ago

Aeorema Communications (AEO) has followed a 12:43pm profit warning ah sorry, “Trading Update” announcement, in December with a 1:01pm “Trading Update” announcement today. I’ll give you whatever odds you want on this being good news…

Amryt at 22.5p worth 62p - new 44 page report

Published 150 days ago

Take a look! European investors are clearly failing to grasp the very significant financial and commercial benefits available for Orphan or Rare Disease drug developers. So much so in fact, that sector-focussed Amryt Pharma (AMYT) finds no quoted peers in London, yet a good basket of NASDAQ-listed comparables are seen to command a significant premium despite mostly being pre-revenue and somewhat earlier in their development. Such anomalies can and, of course, do rapidly correct. 

Challenger Acquisitions: Shameful rampathon – the FCA should investigate

Published 150 days ago

Any reader of my pieces will know I hold Challenger Acquisitions (CHAL) in pretty low regard but the outrageous ramping that has now gone on for the last four trading days is an absolute disgrace and the FCA should take a look. I’ll explain.

Boxhill Technologies: Happy anniversary, M’Lud – shocking performance, mind

Published 150 days ago

Doesn’t time fly when you’re having fun? It’s now been a year since Boxhill Technologies’ (BOX) CEO stepped down and Lord Razzall stepped into the role of Executive Chairman while looking for a replacement. Worth having a look how the boss has done – not good is the short answer, so doubt shareholders have been having too much fun. Read on for the longer answer.

Infrastrata – cash crunch & sack-the-board General Meeting ahoy… so it’s strategic review time!

Published 151 days ago

Having bought itself some time by declaring an initial sack-the-board General Meeting requisition “invalid” (a revised, valid requisition announced by it at an attempted ‘no one watching o’clock’, 5:15 pm, on Friday), Infrastrata (INFA) has this afternoon made a “Review of stategic options & project update” announcement...

Corero Network Security – service launch of a contract announced a month ago. Ramptastic!

Published 151 days ago

An announcement from Corero Network Security (CNS) with a headline “Corero Tier 1 Internet service provider customer GTT Communications, Inc. launches DDoS Mitigation service”. Then “further to the announcement on 19 April 2017 regarding a Global Tier 1 Internet service provider customer win… announces that the customer, GTT Communications, Inc. (NYSE: GTT), has launched its DDoS Mitigation service”“Global Tier 1” now hey! And you what? The contract win has already been announced? Ramptastic…

Malcolm Stacey misquotes me but is wrong about Inmarsat anyway - don't fight the tide

Published 151 days ago

Malcolm Stacey is old enough to know about King Canute. In fact he is so old that he was there as a boy when the King sat in his chair on the beach and attempted to turn back the tide. Malcolm surely you remember the day as if it was yesterday? In which case why do you forget this valuable lesson when it comes to Inmarsat (ISAT) and your article today in which you misquote me and get it wrong in so many other ways.

Time to buy Vedanta before the release of results in the UK

Published 152 days ago

Vedanta Resources (VED) was one of my best performing shares during 2016, and after a significant pullback in the share price in recent months it is well worth considering buying back in at current levels.

Notes from Underground: Greece is the word

Published 152 days ago

So, considering that Tom Winnifrith is away with his wife and his in-laws, away from the Greek hovel, and spending time at some Greek luxury resort, the first non-Tom story is CloudTag – Some great news, Amit Ben-Haim is all yours now by Cynical Bear at number 9.

Avanti Communications - tell us about the QSAT (now tits up) revenue you have booked

Published 153 days ago

Oh King of the bombasts, David Williams is there something you are not telling us about your crumbling POS business Avanti Communications (AVN). Yes... that £13.6 million deal with QSAT. You know the company that has just gone bust. This is all about revenue recognition you bombastic prick.

Plutus Powergen - the Greedy Mothers in the Boardroom Dissemble as they trough it again

Published 153 days ago

Plutus Powergen (PPG) has a board comprised of greedy mothers. After - rightly - being hauled up for their porcine traits by myself and others - yesterday they dissembled as they announced that the boardroom trough was once again open for business.

Table of shorted AIM shares - week to 19/05/2017

Published 153 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

LightwaveRF – follows ramparoonie with half-year results showing continued cash burn

Published 154 days ago

Commenting yesterday on the “Launch of Google Assistant voice control” ramparoonie (Oops) RNS announcement from LightwaveRF (LWRF), I suggested it clearly currently remains cash burn ahoy, with results for the six months ended 31st March 2017 following today

ECR Minerals China subscription update - like pulling (Dragon's) Teeth but shares will zoom soon

Published 154 days ago

The great £553,564 investment by Shenyang Xinliaoan Machinery Co Ltd into ECR Minerals (ECR) announced on 27 February grinds on.

‘Kin ‘ell, Steve, you missed a trick or two, what are you playing at? Where’s the warm welcome back for L1 Capital?

Published 154 days ago

I’ve been away for a few days so just catching up on matters and first things first, I need to pick up my normally excellent colleague, Steve Moore, on a couple of glaring ommissions in his piece on Kin Group (KIN) and its funding announcement earlier this week. It was rather rude after all to not give a warm welcome to an old friend.

IndigoVision – AGM trading update sparks shares, still a speculative buy?

Published 155 days ago

In March I stated there looked enough to justify a speculative buy of shares in networked video security systems group IndigoVision (IND), with they then at just over 180p. The following updates with the shares currently soaring, above 200p, on the back of an AGM trading update announcement…

Safestyle UK – AGM update, bank profits recommendation justified?

Published 155 days ago

PVCu replacement windows and doors company, Safestyle UK (SFE) was a January 2016, 245p offer price recommendation on the Nifty Fifty – on which we suggesting banking profits at approaching 300p in March. The shares reached a more than 320p close yesterday, but are currently heading back towards 290p on the back of an AGM trading update…

LightwaveRF – “Google Assistant voice control” ramparoonie

Published 155 days ago

Shares in LightwaveRF (LWRF) are currently circa 65% higher on the day, above 25p, on the back of a “Launch of Google Assistant voice control”-entitled ramparoonie (Oops) RNS announcement...

Corero – announces “secures second $1m+ SmartWall customer”. How much is the order for?

Published 155 days ago

An announcement entitled “Corero (CNS) secures second $1m+ SmartWall customer”. Sounds good but, having previously written bearishly on this company, let’s take a look at the detail here…

Proxama – having spent “throughout 2016” trying to sell Digital Payments division, now asks us to believe it’s “the best owner” after all!

Published 156 days ago

Proxama (PROX), 13th December 2016: “We have been reviewing various options throughout 2016 to sell the Digital Payments division with a priority being to maximise shareholder value… The company remains committed to the sale and we believe that it will be completed”Today: “the board has concluded that we remain the best owner for Digital Payments division… retaining this division as part of the group, with an updated strategy”. Haha – so having spent “throughout 2016” trying to sell the business and stating it “committed to the sale”, we’re now asked to believe that the company is actually “the best owner” for the business after all!?!...

InterQuest – possible management buyout offer, a piss take

Published 156 days ago

With shares in InterQuest (ITQ) yesterday having increased on the day from comfortably below 40p to well above, at 3:51pm (noting the “recent share price movement” - nothing suspicious to concern AIM regulation then!) a newly created company (Chisbridge Ltd) formed by Gary Ashworth, Chris Eldridge and David Bygrave (respectively InterQuest Chairman, CEO and CFO and 33.3%, 0% and 0.1% shareholders) ‘confirmed’ “that it is evaluating making an offer for InterQuest at 42 pence per share in cash with a full loan note alternative”. They're taking the piss, surely...

Optibiotix - launch of Slimbiome and LPLDL products. Read closely & buy

Published 156 days ago

OptiBiotix Health (OPTI) has announced what it terms the "successful" launch of its SlimBiome® and LPLDL® products at the Vitafoods Europe tradeshow in Geneva from the 9-11 of May 2017. The event provided the opportunity to connect with 16,500 industry decision makers from the supplements, nutraceutical, functional food and beverage industries. This is viewed as one of the world's leading trade fairs for the food and drinks industry. Yadda, yadda, yadda. Companies always say launches are successful. More jam tomorrow. So what. Etc. But no read on... We have underlined a few key words for you.

Plexus Holdings – another warning as conditions remain “challenging”

Published 157 days ago

“Trading Update” announcement from Plexus Holdings (POS) includes early that “although Plexus continues to pursue a number of specific opportunities in the North Sea and overseas, where discussions are progressing well, some of these are taking longer than anticipated to conclude” and that “a number of encouraging new contracts are currently being negotiated and are now likely to be concluded early in the next financial year, to June 2018”. Uh oh…

RhythmOne – argues “returns to full-year underlying profitability”, but it’s again net cash burn…

Published 157 days ago

RhythmOne (RTHM) has announced results for its year ended 31st March 2017, emphasising “Returns to Full-Year Underlying Profitability led by 28% Growth of ‘Core’ Revenues”. The Income Statement though shows a significant loss and the shares have responded more than 6% lower to 45.5p. Hmmm…

Disappointing updates from Lonmin suggest further weakness to come

Published 157 days ago

Lonmin (LMI) is a company that I have followed closely for several years, but after the latest updates this week, and with platinum still looking weak, I wouldn’t be in any rush to buy.

Breaking: UK Oil & Gas slashes £6 million placing price to 0.8p - Source

Published 158 days ago

Even in the Snakefields of Greece I keep on breaking news! On 9th May I revealed that UK Oil & Gas (UKOG) was endeavouring to raise £6 million at 1p - with the shares then trading at 1.2p bid. That forced an angry admission from the company that it was all true. Another scalp and fine piece of investigative journalism saw the shares then tumble to 1p. For long suffering holders and believers in Horse Hill, I have more bad news.

21st Century Technology – “Contract Win” & “Directorate Change” announcements, but what about the financial position?

Published 158 days ago

I previously commented on 21st Century Technology (C21) “having admitted ‘liquidity issues’, it’s expensive debt ahoy (it hopes!)”. The company has today made “Contract Win” and “Directorate Change” announcements…

Kin Group – bailout funding reviewed (with help from Nicole Scherzinger)

Published 158 days ago

Having previously suggested future ramparoonies for the company to place into somewhat more limited, Kin Group (KIN, the former Fitbug) “is pleased to announce that it has… agreed to issue convertible unsecured loan notes with a term of three years, to raise up to £1.125 million (before expenses), to Belastock Capital L.P., an overseas based institutional investor”. Hmmm…

Advanced Oncotherapy – a last-ditch effort to avoid an EGM?

Published 158 days ago

Well it looks as though D-day is today after all for the triggering of an EGM to drop the nominal (par) price of AIM-listed Advanced Oncotherapy (AVO) stock so as to allow Bracknor to resume its convert-and-dump operations. With the shares edging a little higher this morning, one is tempted to wonder whether some heavy boardroom buying might be enough to lift the shares back over the 27.5p mark just in the nick of time. But there is a fair way to go, with the stock still 2.25p short of salvation. 

Falanx & the Cyber attacks & the £100 million political scandal

Published 158 days ago

We own Falanx (FLX) shares and are currently well over 100% up on our investment with stock at 9.5p mid. HotStockRockets readers are now 100% ahead on the share tip too. So with the stock surging on the basis of the massive cyber attack that started on the NHS on Friday what to do? First realise that this is a political scandal. 

Eden Research - why did its PR man Paul "Queenie" McManus LIE to me?

Published 158 days ago

In August 2015 AIM Casino listed fraud Eden Research (EDEN) announced that it had sold a license to its long time associated company Terpenetech for £600,000. On the same day it announced that it had bought a 29% stake in (worthless) Terpenetech for £920,000 in shares. I quizzed Eden's PR man Paul "Queenie" McManus of Walbrook PR about this deal which was clearly a panama pump fraud. And Queenie lied to me.

CloudTag – Some great news, Amit Ben-Haim is all yours now

Published 159 days ago

Having punched a bit under the belt yesterday with a dig at potential insolvency at the UK subsidiary, I thought I would bring some great news to CloudTag (CTAG) shareholders. Amit Ben-Haim appears to have seen the error of his ways and ditched all other directorships so that he can now solely focus on generating shareholder value at CloudTag. Can’t think of any other explanation….

Andrews Sykes – 2016 results, dividend yield remains attractive despite share price rise

Published 159 days ago

Andrews Sykes (ASY), a 380p offer price November share tip, has announced results for the 2016 calendar year and that it is “cautiously optimistic for further success in 2017”

CloudTag – Oh dear, Massimo has turned up with his scythe: the end is nigh!

Published 160 days ago

Despite the nonsense spouted by AberdeenMan, Mr Selfridge and BrokerMan1 on LSE about CloudTag (CTAG) and its bright prospects, confirmation that the end is nigh has reached Companies House with the CEO, Amit Ben-Haim, stepping off the board of CloudTag’s UK subsidiary and being replaced by the Grim Reaper himself, Massimo Ventimiglia.

Premaitha - puts Swiss distributor Genoma into bankruptcy: BUY

Published 160 days ago

The issue with Genoma was flagged up in the interims pre-Christmas. It owes Premaitha (NIPT) £750,000. That debt looks like a bad debt because the Swiss company has - despite its parent company concluding a fundraise - been having financial issues. So Premaitha has gone to court and had Genoma made bankrupt.

Frontier Smart Technologies – you’re not seeing things, I reckon this is a strong BUY

Published 160 days ago

I spend most of my time being critical of companies that issue RNS’s containing half-truths, exaggerations or are just an opaque mess. However, a week ago, I read an RNS which impressed me for being just the opposite. It persuaded me to do further research which has led to this very rare beast – a buy tip….for Frontier Smart Technologies (FST).

Table of shorted AIM shares - week to 12/05/2017

Published 160 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Don't Be Glum, Chum. When the Market Crashes You Can Still Taste the Jam

Published 160 days ago

Hello Share Pinkers. As the markets are closed, I thought I might do a weekend piece to encourage you to carry on trading once the doors open again. We are constantly reminded on this legendary website that shares are overvalued and about to crumble. I don’t doubt it, though I’m fairly convinced the bull run has some months to go yet.

Gfinity – The game is certainly on: is Neville Upton the next Bernie Ecclestone?

Published 161 days ago

I last wrote on leading esports business, Gfinity, in July last year following its placing at 5p when it looked as if, potentially, the game was on. Having just announced a £6.25 million placing at 20p this morning, it is now certainly all to play for. It is worth applauding a few involved here but I still have a couple of reservations / observations.

Filtronic – shares sparked by ‘ahead of expectations’ trading update

Published 161 days ago

Shares in electronics products for the wireless telecoms infrastructure and related markets-focused, Filtronic (FTC) are currently the highest risers of the day. This on the back of a “Trading Update” announcement…

Optibiotix - share slippage not a reason to sell, but to buy

Published 161 days ago

Shares in Optibiotix (OPTI) hit 60.5p mid at one point Wednesday but closed at 61p-63p. Having retipped this as a buy in the low seventies and at up to 80p we have received a number of emails saying "should we sell?" Some were citing savants on the LSE Bulletin Board who make dire predictions and others were asking what is wrong?

Energy Caps Will Only Make Things Worse for Centrica

Published 161 days ago

Hello Share Squishers. It seems fairly obvious that gas and electricity supply companies may well see slimmer share prices after all this general election talk about capping energy bills. But so far, the market has not cropped shares by very much.

SpaceandPeople – shares soar on the positive guidance of a trading update

Published 162 days ago

Shares in promotional space manager and services provider SpaceandPeople (SAL) are currently 45% higher today, at 37p, on the back of a “Trading Update” announcement…

Eden Research boasts that the taxpayer is funding promotion of its fraud

Published 162 days ago

AIM Cesspit listed FRAUD Eden Research (EDEN) has two massive problems. One is that with pitiful sales it is rapidly running out of cash and so must get yet another bailout placing away. The second is that it has now been fully exposed as committing a massive panama pump securities fraud HERE. Its response....

Flowgroup – shares crash on announced “potential alternative” to proposed Flow Energy business disposal

Published 162 days ago

Writing previously in March on Flowgroup (FLOW), with the shares then at 5p, I concluded that there looked to remain both funding and jam-tomorrow uncertainty and to continue to avoid. Presently, the shares are approaching 40% lower on the day, at sub 2p, on the back of news that the company “is in the advanced stages of preparing a significant capital fundraising as a potential alternative to the proposed disposal of the Flow Energy business”

Distil has been a fantastic investment but it may be time to take some profit

Published 162 days ago

Whilst it is true that a lot of the small companies listed on AIM are total junk, there are also some gems amongst them, and I think that Distil (DIS) falls into that category. I first came across this company at the UK Investor Show a couple of years back and it has performed extremely well since I first covered it as a buy here at around 0.8p - the share price is currently nearly 350% higher than it was back then.

Image Scan – update on trading & a placing

Published 163 days ago

Writing previously in December on x-ray imaging products for the security and industrial inspection markets-focused Image Scan Holdings (IGE) I concluded, with the shares at 6.5p, that I’d continue to monitor for the company growing more into such a valuation. It has now announced a 5.25p per share placing and subscription “to accelerate the introduction of recently developed products into the widest possible market, further extend the research and development activity and to provided additional working capital to facilitate the management of larger contracts”

Ncondezi Energy – funding desperation continues, contention for AIM’s most expensive loan?

Published 163 days ago

Shares in Ncondezi Energy (NCCL) are currently more than 30% lower on the day, at around 2p, on the back of a “Project and Funding Update”

Align Research - 23 page buy note on Obtala - target price 30.52p

Published 163 days ago

Ok, Align is paid to write research and we really do not always agree with what its eccentric boss Richard Jennings says and writes. But as we own a few shares in the company and agree with the thesis we are happy to republish this detailed note.

Cogenpower – from AIM listing to working capital “constrained” & auditor resignation in 15 months

Published 163 days ago

12th February 2016: “Our admission to AIM comes at an exciting point in the company's development and marks an important step in Cogenpower (CGP)'s evolution to becoming a leading low-carbon energy business for urban communities”3rd May 2017: “Working Capital and Operational Update”10th May 2017: “Resignation of auditor”. Uh oh…

MySQUAR – “Significant Revenue Milestone and Product Update”. Ramparoonie.

Published 164 days ago

On MySQUAR (MYSQ), Cynical Bear has previously warned of rampers and pumpers being out in force. Having commenced May at sub 1.3p, the shares are currently more than 60% higher on the day, at above 4.5p, on the back of a “Significant Revenue Milestone and Product Update” announcement. Hmmm…

Hornby – regime change General Meeting requisition withdrawn

Published 164 days ago

Hornby (HRN) has updated that “further to its announcements dated 10 April 2017 and 25 April 2017… on 8 May 2017 it received a letter… withdrawing with immediate effect the requirement for the company to proceed with convening the requisitioned general meeting”

Well Done Brokerman Dan - Andalas suspended ahead of bucket shop bailout

Published 164 days ago

He gets much wrong, but I take my hat off to the old bank robber as he has got Andalas Energy (ADL) shares suspended today by revealing that it was trying to get away a bailout placing at 0.05p-0.06p. Dan has compared Andalas to " a crock of shit" but his assessment is unfair. Unfair on a crock of shit that is.

Nyota Minerals – mega ramp & joke valuation following discounted, ‘keep the lights on’, placing?!?

Published 164 days ago

Last week Nyota Minerals (NYO) was “pleased to announce” a placing to raise up to approximately £93,880 (approximately Australian$120,000) at 0.02p per share. Despite this thus looking very much a ‘keep the lights on’ raise, the shares have currently reached 0.07p. Hmmm…

Sepura – The rollercoaster continues: where’s Dean Gunnarson when you need him?

Published 164 days ago

Great news from Sepura (SEPU) this morning as the rollercoaster deal with Hytera continues with the announcement that the UK government seem minded to allow the deal to proceed. Just the pesky Germans to deal with now. I feel the skills of Dean Gunnarson are needed now. Who’s Dean Gunnarson you might ask, quite understandably. Well, read on….

MediaZest – “Significant Project Completion” ramparoonie (Oops, sorry) ‘announcement’

Published 165 days ago

“Significant Project Completion” announcement sees shares in MediaZest (MDZ) currently around 30% higher on the day. Oh, it’s a “Non-regulatory”, RNS Reach ramparoonie (Oops, sorry) ‘announcement’…

Eckoh – “comfortably in line with market expectations”... but what about September’s profit warning?

Published 165 days ago

“Eckoh plc (ECK), the global provider of secure payment products and customer contact solutions, today issues a trading update for the year ended 31 March 2017. The board of the company confirms that trading for the year ended 31 March 2017 was comfortably in line with market expectations”. Hmmm, what about the September announcement that “it is expected that the company's pre-tax profits for the year to 31 March 2017 will be below market expectations and is expected to be in line with the performance last year” though?...

Another good update from Randgold Resources - still a buy

Published 165 days ago

I have been a fan of Randgold Resources (RRS) for a long time and the latest update from the company continues to support my bullish view here.

Falanx - placing and trading statement: shares go up! We upgrade (again)

Published 166 days ago

How often do you see a small AIM company raise a good whack of money relative to its market cap (in this case the new shares issued are just under 20% of the enlarged total) and still see its shares go up on the day? Once in a blue moon. Well it has happened with Falanx (FLX), whose shares closed at 7.5p-8p.

Notes from Underground: All's quiet on the ShareProphets front

Published 166 days ago

The first non-Tom Winnifrith (and non-house) article is #1, Sepura – The rollercoaster deal continues: could this be the first Brexit-related deal implosion? by Cynical Bear. We may have turned a corner, folks.

Advanced Oncotherapy share plunge - when will it hit 0p? Reader Poll

Published 167 days ago

Shares in AIM dog Advanced Oncotherapy (AVO) closed Friday at just 21p. That is below the 25p nominal meaning that death spiral provider Bracknor cannot convert any more loan notes without taking a huge loss and, if that continues, it means the company will go tits up in the summer. Or the former Malcolm Stacey darling will need to approve a capital reconstruction to set a new nominal (2.5p?) which will see the shares plunge, so meaning Bracknor physically can't convert loan notes so Advanced will go tits up this summer. So when will its shares hit 0p or be suspended from AIM? Vote now in our reader poll - deadline midnight tonight.

Table of shorted AIM shares - week to 05/05/2017

Published 167 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Terpenetech & the Eden Research fraud, fraud, fraud: Part 2

Published 167 days ago

Yesterday we saw demonstrable and explicit evidence that AIM Cesspit fraud Eden Research (EDEN) had committed a panama pump stock fraud with its 29.9% owned associate Terpenetech, HERE. But it seems that I was too charitable in my assessment of Terpenetech's laughable accounts. A hat tip to reader CS who points out:

Goodbye jam-tomorrow entity Fitbug Holdings Plc. Hello, er, jam-tomorrow entity, Kin Group Plc

Published 167 days ago

Fitbug Holdings (FITB) has updated that all resolutions were passed at its AGM today – including meaning it’s soon goodbye the jam-tomorrow entity that is Fitbug Holdings Plc and hello a, er, jam-tomorrow entity that is to be Kin Group Plc...

Telit Communications – discounted £39m placing “to fund several identified acquisition opportunities”. Hmmm…

Published 168 days ago

The most shorted company on AIM, Telit Communications (TCM) has announced “it has successfully placed” new shares to raise £39 million “to fund several identified acquisition opportunities, mainly in the IoT Services sector, which the company will look to execute in the near to medium term”. Hmmm…

Sepura – The rollercoaster deal continues: could this be the first Brexit-related deal implosion?

Published 168 days ago

Sepura (SEPU)'s deal with Hytera has had more twists than last night’s Midsomer Murders and just when there seemed to be some light at the end of the tunnel, long-suffering shareholders were dealt another body blow this morning - and one fears that politics may now be at play.

Imagination Technologies – trading, Apple & strategic review update not exactly promising

Published 169 days ago

I previously commented on Imagination Technologies (IMG) a month ago in the aftermath of a “Discussions with Apple regarding license agreement” announcement – on which I noted that the company had rather been “notified” and “asserted” to than in “Discussions with” and that it looked to be daunting organisational upheaval ahoy for it to attempt to achieve a sustainable future. There is now a “Trading and Apple update, planned sale of units” announcement…

ECR Minerals - another small delay in Chinese dosh arriving, but still a buy

Published 169 days ago

Back on 27 February, ECR Minerals (ECR) announced that Shenyang Xinliaoan Machinery Co Ltd was to invest £553,564 at 1p. The cash has still not arrived.

Concha - Stop bleating on Ve - you screwed up please no second helpings

Published 169 days ago

Dear Chris Akers. Excuses are like arseholes. We all have them. And no-one cares. And that brings us to today's announcement from your company Concha (CHA) regarding its disastrous investment in failed unicorn Ve Interactive.
Despite there being stacks of red flags Concha invested c £4 million in Ve in a £1 billion valuation, a decision which we pointed out at the time was completely bonkers.

Torotrak – you couldn’t make it up, value destruction so bad that now a General Meeting is required!

Published 169 days ago

An announcement from Torotrak (TRK) entitled “Section 656 of the Companies Act 2006”. Hmmm, given the record here, I guessed this wasn’t good news… It ain’t…

Next - profit warning ahoy #2

Published 169 days ago

The seasons may have evolved a little but the message from FTSE-100 clothing behemoth Next (NXT) is basically unchanged. Life is still tough in a market where, in its words, ‘the UK consumer environment remains challenging’...

Photonstar LED – thanks Nigel & a few more things…

Published 169 days ago

Nigel Somerville commented earlier on how for those suckered in by the Photonstar LED (PSL) ramparoonie, it’s now mega-dilution ahoy (monster-discount placing shares representing a 19.8% increase in the issued share capital). I thank Nigel for the kind words – and make a further few points…

More good news from Ethiopia for Kefi - still a buy

Published 169 days ago

Most of us probably did not know or had forgotten that Kefi Minerals (KEFI) had a $12 million contingent legacy liability. Well that has now been 96% disappeared.

Ariana remains a buy after resource update

Published 169 days ago

I recently wrote a piece HERE expressing my surprise that the share price of Ariana Resources (AAU) had failed to react positively to good news, so it probably shouldn’t have come as a surprise that a decent update on its resource actually resulted in the share price closing slightly lower.

Rex Bionics – from 180p to 10p in less than 3 years, but expresses ‘delight’ & thanks shareholders and resigning Nomad Stifel!

Published 169 days ago

“Restructuring and New Investment” announcement from Rex Bionics (RXB) sees Chief Executive Crispin Simon “delighted that the alternative options we have been pursuing have borne fruit” and Chairman David Macfarlane “warmly thank our shareholders, who have made this possible. I would also like to take this opportunity to thank our nominated adviser, Stifel, for its unstinting support over the past three years”. Sounds a good outcome then, strange though as I previously noted the company approaching a transaction from the perspective of going-concern desperation. Hmmm…

Inspirit Bailout Placing - tell me there was no market abuse here: look at the chart

Published 170 days ago

Look at the daily chart below. Tell me there was no insider dealing or market abuse going on here. It is that of Inspirit Energy (INSP). And then at 2.10 PM we finally had two announcements.

Mitie – shares up on “Trading update” announcement. Positive news then? Er…

Published 170 days ago

Shares in Mitie Group (MTO) currently trade circa 4% higher on the day, at around 220p, on the back of a “Trading update” announcement. Good news from this “facilities management, connected workspace and professional services business” then. Er…

Tim Martin of JD Wetherspoon lashes out at Quisling Brexit Remoaners , notably at the CBI - Tim you are our hero of the day.

Published 170 days ago

I may hold my nose and tonight go into one of Tim Martin's horrible pubs for a small glass of the less than impressive wines he has on offer to show my support after the UK's greatest businessman launched a blistering attack on the Brexit remoaners and notably the ghastly creature, Carolyn Fairbairn of the CBI. Overall it is a pretty upbeat trading statement from Wetherspoon (JDW) and the shares are up 3.5% on the day. Or as the BBC would report it "Despite Brexit, it is a pretty upbeat trading statement." Tim's prose is golden. Over to the great man...

Audioboom – results more than five months after its year-end, the accounts show why…

Published 170 days ago

Spoken word audio on-demand platform company, Audioboom (BOOM) has announced results for its year ended 30th November 2016. Hmmm – more than five months after the year-end then, rarely a good sign…

Bulletin Board Morons on Optibiotix and Tom Winnifrith share dumping

Published 170 days ago

Morning Tom, people on the BB speculating you have sold your OPTI holding, can you confirm please?Thank you. That was one of the emails that I received this morning. The short answer is "its bollocks" but perhaps this merits a longer answer.

Digital Barriers – “Framework Contract and Trading Update” announcement attempts to emphasise positives, BUT…

Published 171 days ago

Digital Barriers (DGB) has announced a framework contract and a trading update emphasising sales growth and “EBITDA is expected to be in line with market expectations”, BUT…

Avocet Mining – from bad to worse, hopefully Lucian’s warnings heeded...

Published 171 days ago

An “Update on share suspension, Inata and Tri-K” announcement from Avocet Mining (AVM). “Update” on share suspension? When was the suspension then?...

Rosslyn Data – why are you hiding the related-party nature of this dog of a deal?

Published 171 days ago

Tom Winnifrith has already covered the hidden bailout placing aspects of the Integritie deal announced by Rosslyn Data (RDT) last week (HERE) but I thought it worth elaborating on the deal (which looks like a real dog) and asking the simple question: why haven’t you told your shareholders about the related-party aspects?

I don't view Blenheim Natural Resources as an investment, but can see a potential trade

Published 171 days ago

Regular readers here will know that I am not exactly a fan of Blenheim Natural Resources (BNR), nor have I ever been despite plenty of interest from private investors in this company.

Tom Thinks I'm Talking Tripe. No, I'm Not

Published 171 days ago

Hello Share Toddlers. My weekend piece suggesting we don’t sell our shares too soon received a critical response from Uncle Tom. It’s a return to the familiar battle between me in the blue corner and the sage of Bristol in the red one.

URU Metals – A company that prefers to mine its shareholders than the actual shiny stuff

Published 172 days ago

I won’t claim to be a mining expert and will leave the technical analysis to Gary Newman who is much better at that sort of thing (see HERE); however, with the odd looking share movements and the Zorbas connection, I couldn’t resist digging through past RNS’s to find something ridiculous and what was clear is that this isn’t really a mining company at all, unless you think rinsing shareholders of cash counts, of course.

Eden Research - how long can it hide the Terpenetech Panama Pump fraud? Days...at most

Published 172 days ago

The unravel at AIM listed fraud Eden Research may be just days away. Because, its partner in crime, Terpenetech has until April 30 to file its accounts for the year to 31 July. Normally it files on deadline day. Any delays will be telling. But then so too will the numbers. Its a lose lose for the fraudsters. You will remember how this fraud worked....

Amur - am I missing something or is it giving away shares for free - how are the rampers doing?

Published 172 days ago

Amur Minerals (AMC) was one of the great mining junior ramps of the past 12 months. With the Sith Lord Zak Mir and Justin the Clown leading the charge using bogus charting tomfoolery and soft interviews with the CEO Robin Young, the shares surged to 15p in December at the height of the rampfest. They are now 6.25p to sell and heading sharply lower. What say you rampers? How about "Tom Winnifrith's repeated bearcast warnings were spot on and Zak & Justin The Clown were talking 100% cock as usual?" 

Buy Altyn at a 1.99p offer

Published 172 days ago

Recent years have been ones of transition from open pit towards underground mining for Altyn (ALTN). However, production is now starting to increase again - and the anticipated marked increase from current levels looks far from discounted in the present valuation. As such, the shares are a buy

Sub-Standard Shockers XI Results review – Comedy Central

Published 172 days ago

It’s annual appraisal time for the squad members with annual results for the year to 30 December 2016 due in for many of them by 30 April. It was always going to be the strong favourite that most would leave it to the last minute so thought I’d provide a quick summary of who announced and when and include some commentary on each.

Amryt - not a one trick pony!

Published 172 days ago

Many people think that the excitement about Amryt (AMYT) is down to its EB treatment where phase three trials are now underway. Well that is a lot of excitement but there is far more as the latest news makes clear.

Galloping Share Prices Put Top Pay Bosses in a Great Place to Save the Starving.

Published 172 days ago

Hello Share Crunchers. Uncle Tom has had a pop at my humble weekend piece, which warned against an immediate fall in share prices. I will reply in my Tuesday morning contribution. But meantime, as the markets are still boring closed, I would like to bring you a few figures about the wealth of some company bosses, fulled of course by galloping share prices

Concepta at 17p offer: Last chance to Buy: fireworks ahead - target 28p to sell

Published 173 days ago

Concepta (CPT) has been a slow burner but we are well ahead on this share tip with the shares now at 16.6p-17p.Last autumn that it was about to sell its MyLotus kits in China and since then it has appointed a country manager and huffed and puffed but there are no sign of those sales. But you won't need to wait long. There are fireworks coming soon.

Golden Saint - now 8,822,256,582 shares in issue after latest bailout placing - what is the AIM shares in issue record?

Published 173 days ago

Another day and another bailout placing from Golden Saint Resources (GSR) leaves it with 8,822,256,582 shares in issue. Floated at 10p, the shares are now 0.02p but how close is it to the record books?

Malcolm Stacey talking bollocks: ShareProphets Translation Service

Published 173 days ago

Malcolm Stacey yesterday offered up a bank holiday sermon on why shares are heading higher and on economics. Sadly old Getafix operates in a post fact era and thus you can read his original article HERE but, since my co-poisoner here in Greece is "feeling unwell" after a late night, I have the time to offer up a translation. My comments are in bold.

Notes from Underground: All creature great and small, Tom poisons the lot

Published 173 days ago

In the past seven days, 43,154 unique readers read 70,771 pages on ShareProphets. The circulation of the Investors Chronicle is c30,000. Shares is less than half of that. To our critics who think we do not count, we say think again.

Nektan – Why I despise the Daily Mail: Reason no. 423

Published 174 days ago

I know I shouldn’t have too much sympathy for the retired bigots that read the Daily Mail but its recent tipping of Nektan (NKTN), which will no doubt cost its loyal readers a few quid, is yet another reason to boycott the rag.

Table of shorted AIM shares - week to 28/04/2017

Published 174 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Papillon Holdings – Surprise, surprise, the crap deal has come back to haunt them

Published 174 days ago

This week was always going to throw up a few horrors with it being results week for a whole load of the Sub-Standard Shockers XI. I will do a round-up of some of the other comedic moments from the various announcements over the long weekend but Papillon Holdings (PPHP), which failed to get its results out at all, deserves a special mention.

Why I Think You Might Care to Ride the Bull a Bit Longer

Published 174 days ago

Hello Share Squinters. With another boring bank holiday on our plate, when the stock market can provide us with no daily thrills, it’s an opportunity to look at the macro world of share shifting. And despite the many voices who say that shares are overbought and cruising for a bruising, I add a word of caution about selling too soon.

Hayward Tyler – Takeover Panel extension, loan repayment can again kicked slightly further down the road

Published 175 days ago

Engineering group Hayward Tyler (HAYT) has updated on its bank facilities and that, at its request, the Takeover Panel has consented to an extension of the deadline for a possible offer for the company by Avingtrans plc…

PhotonStar LED – shares 'roof it' on a “proposed roll out” announcement. Hmmm…

Published 175 days ago

Shares in PhotonStar LED (PSL) are currently roofing it on the back of a “Proposed roll out of Halcyon IoT platform” announcement. Let’s review…

Reach4Entertainment - 2016 results show growth, but there’s a sting in the tail

Published 175 days ago

Reach4Entertainment (R4E) has announced results for the 2016 calendar year and that “we are enthusiastic about the growth prospects that our new initiatives will bring”, although there is somewhat of a sting in the tail…

Petropavlovsk - Q1 2017 production results further boost shares

Published 175 days ago

Petropavlovsk (POG) has announced first quarter of 2017 production results supporting a level of production towards the top end of the 2017 forecast of 420,000-460,000 ounces of gold…

Richoux – review as shares crash on full-year results announcement

Published 176 days ago

I looked at Richoux Group (RIC) in October – review as shares soar on appointment of founder and former CEO of Prezzo – and today note the shares currently more than 27% lower, at 20p, on the back of a results announcement for the company’s year ended 25th December 2016...

Kefi - another box ticked - all on track for construction 2017: Buy

Published 176 days ago

Kefi Minerals (KEFI) has announced another box has been ticked as it moves towards constructing the Tulu Kapi gold mine in Ethiopia. It has finally agreed with the Government plans to resettle the folks who live around the mine away from operations. And with that done it states "The objective for the Government of Ethiopia and KEFI is for construction to commence in H2-17."

NCC Group – "Trading update", adjusted EBITDA ‘in line with expectations’. Hmmm…

Published 176 days ago

“Trading update” announcement from NCC Group (NCC) opens with that “the group continues to trade in line with the board's expectations for full year Adjusted EBITDA, as announced on 21 February 2017”. Hmmm, adjusted EBITDA you say and what was that announced on 21st February?...

Petropavlovsk - 2016 results help shares higher: far more to go

Published 176 days ago

London main-market listed, gold miner in Russia Petropavlovsk (POG) has announced results for the 2016 calendar year, emphasising a return to profitability and a refinancing of bank debt - enabling it not to have to divest part of the value in its core organic growth development project, the POX Hub…

Concepta Results - where are the China sales? Buy: fireworks ahead

Published 176 days ago

Concepta (CPT) wants to know why its shares are nor racing away although having tipped this at an 11p offer we are, at 16.5p, well up.? Simple. It announced last autumn that it was about to sell its MyLotus kits in China and since then it has appointed a country manager and huffed and puffed but there are no sign of those sales. And against that background after calendar 2016 results the shares are just 16.5p mid. But before you sell hang on a second...the shares are actually a stonking buy if yoiu can get them at 16p or underand here is why.

Another decent update from Sylvania Platinum

Published 176 days ago

I’ve been a fan of Sylvania Platinum (SLP) since early last year and during that time the share price has doubled, and the latest operations update has certainly done nothing to alter my view of the company.

Imaginatik – trading update, ‘considering the cash options available’. Uh oh…

Published 176 days ago

Having questioned at the weekend what’s with the radio silence, Tuesday saw Imaginatik (IMTK) provide “an update on trading for the year ended 31 March 2017”...

Collagen - positive trading update sparks shares

Published 177 days ago

Collagen Solutions (COS) has announced growth “driven by an increase in the number of customers, higher volumes from key customers and an increase in new development agreements”, sparking the shares higher…

Rosslyn Data - moves goalposts with bailout placing to hide its abject failure

Published 177 days ago

Floated at 33p by Lagos Securities, or Cenkos as it prefers to be known, on the back of a prospectus that forgot to mention critical damaging information, Rosslyn Data (RDT) has been a serial disappointer and was clearly set to run out of cash this year, despite numerous protestations from its discredited management that this was not the case. And so today, the oldest trick in the book - a bailout placing dressed up as an acquisition. The price of the bailout, just 4.5p.

Surprising lack of interest in Ariana

Published 177 days ago

Given that the company is now producing gold, I’ve been somewhat surprised by the lacklustre response that the market has given Ariana Resources (AAU) since that news came.

TODAY: Patience, patience, patience and yet more patience - that is the key to making money from shares

Published 178 days ago

Making money from shares is simple. Well it should be. Buy cheap. Hold. Hold. Hold. Hold, and finally sell when the shares have delivered you big gains. Where so many folks go wrong is getting impatient and not being prepared to hold, hold, hold. Let us tell you about Symphony Environmental (SYM) which we tipped at a 6.75p offer just over three years ago. It did nothing for ages....

The Boy Scout Mugger Stuart Bromley does comedy gold as CIC Gold's London death rites read

Published 178 days ago

What could possibly have gone wrong with Standard Listed CIC Gold (CICG). A worthless greenfield asset, no cash and the involvement of the boy scout mugger Stuart Bromley? With folks across the City chasing CIC for unpaid bills it appears that the comedy show is about to draw to a close. Well it has been fun while it lasted.

Fishing Republic: Impressive growth but still looks expensive

Published 178 days ago

Fishing Republic (FISH) is a company that I have been keeping a close eye on ever since it first listed on AIM back in June 2015 and, although I find it hard to see value at the current market cap, it is showing signs that it could grow into it.

Goals Soccer Centres – admits preliminary merger discussions, but a golden opportunity?

Published 179 days ago

Goals Soccer Centres (GOAL) has admitted “preliminary discussions with key rival Powerleague on “combining the two businesses”, though emphasises that is “but one of the strategic opportunities currently being assessed by the Goals board”

WANdisco – record contract win & Q1 update offer some further encouragement, but…

Published 179 days ago

I previously wrote on WANdisco (WAND) in January – ‘one quarter does not an investment make, but offers some encouragement for shareholders’. The following updates with the shares currently on the rise on the back of a “Significant customer win and Q1 update” announcement…

Andalas - ramptastic news: in case you forgot it needs £500,000 (which it hasn't got) by Friday

Published 179 days ago

Another day and another ramptastic "Operations Update" from Andalas Energy (ADL). Operations is a bit of a strong word as Andalas does not really have any. It should really have been "Jam Tomorrow" update but then again tomorrow suggests the jam may arrive which, given the track record of this dog, looks unlikely. What will arrive on Friday is a demand for £500,000 and as Andalas has sod all cash and is burning what it has at a rate of knots that is a bit of a problem. Oddly this is not mentioned in today's RNS.

Video: Nigel Wray and Tom Winnifrith invest £8000 in two AIM shares to benefit Woodlarks at UK Investor Show 2017

Published 179 days ago

In this video from the storming success that was the 2017 UK Investor Show, Nigel Wray and Tom Winnifrith invest £8000 in two AIM shares to benefit Woodlarks. And make sure that you keep April 21 2018 free for next year's UK Investor Show.

Metal Tiger – slightly delayed fundraising completes, shares recovering - buy

Published 180 days ago

On tipping shares in Metal Tiger (MTR) earlier this month, we noted an oversubscribed (initially £3 million, but then £4.29 million) fundraising through well-known North American natural resources name Sprott. Tiger has now announced the closing of the funding…

Imaginatik – what’s with the radio silence?

Published 180 days ago

I previously updated on Imaginatik (IMTK) following results for its half year ended 30th September 2016. Those showed further underlying cash burn seeing cash to a low level, though noted recent improvement. However, I noted the company also stating it was now further “investing in our sales and marketing resources and technology suite”. Having released trading updates on 9th March 2016, 11th February 2015 and 14th April 2014, what about this year?...

Notes from Underground: Well, that was quick

Published 180 days ago

After all the fussing and moaning about Tom leaving the site to pick olives or raise snakes or whatever it is he's doing, and following a spectacular week where the most popular story was written by yours truly, we have come to what we all expected in the first place. The number one story this week is General Election June 8th - Surely there is no doubt as to the outcome, there is no uncertainty now, written by one Tom Winnifrith.

Table of shorted AIM shares - week to 21/04/2017

Published 181 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Yes, Shares Are Expensive, But Perhaps Not as Pricey as They're Gonna Be

Published 181 days ago

Everyone who attended this month’s UK Investor Show will be wondering whether to go into cash. Most analysts on the stage, as opposed to big cheeses supporting their own companies, were in a pessimistic mode. For example, that excellent commentator David Scott (Dr Doom) did a very scary presentation exclusively on the subject of forthcoming market disaster.

Why the sudden interest in Infinity Energy?

Published 182 days ago

There suddenly seems to be a lot of excitement all over twitter and the bulletin boards about a tiny AIM shell called Infinity Energy SA (INFT) – but of course that wouldn’t have anything at all to do with the recent placing and placees looking to offload for a quick profit!

HaloSource – conditional bailout fundraising, kicks the can down the road (not very far!)

Published 182 days ago

HaloSource (HALO) has announced “Board Changes” and that it “is pleased to confirm that the company has conditionally raised approximately £1.9 million ($2.3 million)”. I bet it is…

Echo Energy – Bizarre funding arrangement, share price must drop, mustn’t it?

Published 182 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.

I'm Still Not Getting Busy with the Fizzy

Published 182 days ago

Hello Share Tasters. In the past I’ve commended Britvic (BVIC) to your further study, though I don’t hold the shares myself. If I did, I might be tempted to sell. This is not because the shares are doing badly. They are not. Indeed, since January they are up by a fifth.

Hayward Tyler – does trading update support recently stated “good progress”?

Published 183 days ago

Last week I questioned stated “continued good progress” by Hayward Tyler (HAYT), with it having produced a profit warning as recently as 20th February. The following updates with the shares currently on the rise, at around 55p, on the back of a trading update the company “is pleased to provide” for its year ended 31st March 2017…

Lombard Risk Management – emphasises ahead of expectations, but what about sustainable cash generation?

Published 184 days ago

Lombard Risk Management (LRM) has updated that it anticipates exceeding analyst consensus expectations for its year ended 31st March 2017 and “remains confident” looking ahead. What’s that though expected to be “in the region of £2.4m to £2.8m”“Adjusted EBITDA”. Hmmm…

Veltyco - fundraise and proposed acquisitions. Hmmm...but BUY

Published 184 days ago

Veltyco (VLTY) has announced a €2.55 million subscription for new shares to fund two acquisitions which it argues represent “an exciting opportunity… to grow its business by building on existing online betting brands, using its expertise in online marketing combined with award winning sportsbook technology”

Orosur looks under-valued as gold shows continued strength

Published 184 days ago

Orosur Mining (OMI) certainly isn’t amongst the more popular resource stocks on AIM and trading volumes are often verging on non-existent, but I believe that many are missing an opportunity here as they go chasing rainbows with companies that are years away from production, assuming they ever actually get to that stage!

ASA Resource – updates on cash “unaccounted for”...

Published 184 days ago

Having yesterday reported that there is strong evidence of funds “amounting to several million US dollars” being transferred to entities in China without full value being received and that “analysis reveals that there is a pressing need for cash”, ASA Resource Group (ASA) states it now “provides further information on the group's cash position”

Distil – update on recent UK Investor Show 'Dragon's Den' selection as the shares rise again

Published 184 days ago

Shares in recent UK Investor Show 'Dragon's Den' selection (at 2.15p, having also been selected last year at sub 1p), Distil (DIS) have bounced a further just over 5% on the back of a “Listing in Major UK Supermarket Chain /Tdg Update” announcement...

Westminster Group – emphasises “pleased” & placing “oversubscribed”. Hmmm…

Published 184 days ago

Westminster Group (WSG) “is pleased to announce a placing” (to raise a gross £1 million at 10p per share) and “the conversion of the balance of the convertible loan notes issued to Darwin Capital Ltd eliminating the facility”. The shares have though responded more than 15% lower…

How the Snap Election Will Affect Your Share Prices

Published 184 days ago

Hello Share Pillagers. We all should have known something big was going to happen by the way shares were marked down heavily after the Easter break. On Easter Monday, when our stock market was closed, the US version was open. During that session, American shares rose by about 1%. That usually means British shares rise in tandem, but not this time.

General Election June 8th - Surely there is no doubt as to the outcome, there is no uncertainty now

Published 185 days ago

Bloody Theresa May. There was I off work and she has just gone and called a snap General Election for June 8th. Time for everyone to panic? Er...no.

EXCLUSIVE: Worthington: Newco website unveiled – are you sure it’s not Flagship Global, Aidan?

Published 185 days ago

On his blog, Aidan Earley recently denied that Newco is Flagship Global Corp, which I always thought was the most likely contender for Newco, and it may be that he is telling the truth. However, having now gained access to the pre-launch Flagship Global website, it looks incredibly likely that it is Newco or, perhaps more accurately, that it was going to be at one point. Take a look.

Is Onzima's placing the most expensive ever?

Published 185 days ago

Shareholders of Onzima Ventures (ONZ) will be breathing a sigh of relief following confirmation of the acquisition of the remaining 51% of private company N4 Pharma, and meaning that the new entity will relist on AIM. This won’t have come as a massive surprise as the company announced this proposed acquisition back in January, but some still seemed nervous as the announcement went right down to the wire in terms of Onzima either announcing such a deal (which constitutes a reverse takeover) or being booted off of AIM.

Are We Singing From the Same Page When I Say this Firm Could Just Be the Job?

Published 185 days ago

Hello Share Spooners. I’ve long held that recruitment agencies are a decent bet in these turbulent times. The reason is that unemployment seems to be on the back foot in various parts of the globe, including here in Blighty.

Norcros - full-year trading update boosts shares: BUY

Published 186 days ago

Supplier of branded showers, taps, bathroom accessories, tiles and adhesives, Norcros (NXR) has updated that year ended 31st March 2017 adjusted operating profit “is expected to be in line with the board's expectations” and that “the board is confident that the group is well placed to make further progress”

Obtala fact Check - Evil Banksta is just wrong

Published 186 days ago

I am meant to be away from my keyboard as I tackle the big D but find myself dragged back by an Evil Banksta to eal with Obtala (OBT) which has been unfairly slighted on this website. I write as a ( small) shareholder in this company following the Dragon's Den Pitch at UK Investor earlier this month. The evil one published a piece which was, I fear, just factually flawed.

Falcon Media House – A welcome return? Part 2 – Where has all the cash gone?

Published 186 days ago

Apologies for the delay in this mini-series (Part 1 of which can be accessed HERE) but I thought I’d do the decent thing and ask Falcon Media House (FAL) some questions directly first. As it has ignored me, I thought I should just crack on instead and now turn to the worrying matter of the fast vanishing cash balance, both historically and forecast.

A Few Jolly Good Reasons to Return to BP

Published 186 days ago

Hello Share Rattlers. On checking the number of BP shares I hold, I was rather shocked. It’s one of those shares I’ve been gradually building up, whenever I find myself with a bit of share cash and no clear company currently worthy of investment.

Chamberlin - positive trading update, a good share tip prospers

Published 187 days ago

Recent 105p offer price Nifty Fifty share tip, Chamberlin (CMH) has updated on trading – including that, following “a strengthened performance in the second half” of its year ended 31st March 2017, underlying profitability will be ahead of the prior year and “in line” with current market forecasts…

Notes from Underground - Jumping Jack Lenigas

Published 187 days ago

In the comments, some people have asked why David Lenigas was asked to present at the UK Investor Show when ShareProphets was just so beastly to him. There are two answers.

UK Investor Show 2017 raises £14,500 for Woodlarks - so far! More to come

Published 188 days ago

There are some people who think the stockmarket and shares business is like robbing a bank - all about making money however you go about it. But at a time of year when many of us think about a man who gave the ultimate gift, his life, for others we think that business should also be about giving. And that brings us to Woodlarks and the UK Investor Show. It started with Paul Scott who donated his, very small, speaker fee...

Easter 2017 update: Top shorted London-listed shares

Published 188 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, at the start of the year we showed the ten top shorted London-listed shares HERE. The following updates, showing those with a current reported short position of +7%...

Richard Poulden of Wishbone Gold explains import of recent RNS

Published 188 days ago

Okay this is a Proactive Interview so it is not exactly probing. The slippery little twit asking the questions is no Paxman. But we own shed loads of Wishbone Gold shares (WSBN) so, as Richard Poulden gives a very upbeat explanation of where the company is heading, we are happy to give it the oxygen of publicity. Enjoy.

Big Sofa - another deal, piss poor PR but shares will zoom in the end

Published 188 days ago

Big Sofa (BST) is signing major deals but the clowns who manage its PR seem unable to communicate why this is so important to the market. In due course despite the manifest incompetency of Vigo Communications, a firm too cowardly and inept to answer basic questions posed by email, the truth will out and the shares will zoom. But pro tem this is frustrating.

Table of shorted AIM shares - week to 13/04/2017

Published 188 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Takeover Panel not backing down – Rangers FC Rule breaker Dave King being taken to court

Published 189 days ago

A month ago, Tom reported the Takeover Panel’s decision that Dave King should make a 20p offer for Rangers International Football Club (RFC) (HERE) and also commented on King’s ridiculous response (HERE). Well, King has point blank refused the request to make a bid but the Panel is not backing down without a fight.

Worthington - more progress but may need to roll a double six to get trading

Published 189 days ago

Slowly, slowly, catchy monkey. Further to my previous piece (HERE), Aidan Earley has updated his blog this week setting out progress on the launch of Newco and the issuance of share certificates to the Worthington shareholders. To be honest, I admire his tenacity and efforts here as it appears to be quite a tortuous route and sometimes I wonder whether it would be easier to defeat the Warlock of Firetop Mountain.

Atalaya Mining offers a speculative play on copper prices rising further

Published 189 days ago

Copper has remained volatile in recent weeks, but is still showing far more strength than we’ve seen in the last couple of years, and I think the upward trend will continue. There are still some concerns about a potential drop in demand, but at the same time we’re not seeing many new copper projects reaching production and I can see further shortages in supply going forwards, barring a worldwide economic meltdown.

Professor Stacey's Easter Lecture

Published 189 days ago

Hello Share Triggers. In a long career of share-shifting, many people have looked down their noses at me. How can you be a church-goer, they scoff, and still make money on shares? For you to make dosh, someone else has to lose it. So it’s a kind of theft - another breach of the Ten Commandments.

BNN Technology – placing “to fund exciting and transformational new developments”. Really?...

Published 190 days ago

Lucian Miers previously warned on BNN Technology (BNN) HERE and will update here in due course. But the following just takes a quick look at the numbers and placing the company has announced today...

Gattaca – from confident of profit “in line” to 10-15% below expectations in 10 weeks

Published 190 days ago

Engineering and technology recruitment company, Gattaca (GATC) has updated that “the board has reviewed its outlook for the remainder of the year to 31 July 2017 and now believes that profits for the year will be approximately 10-15% below its prior expectations”. Uh oh…

Opera Investments: Third time lucky but a sad farewell

Published 190 days ago

Mixed emotions for me this week as it looks like one of the more entertaining stars of the Sub-Standard Shockers XI, Opera Investments (OPRA), may finally have done a decent looking deal with the Kibo Mining (KIBO) gold assets; however, it looks like it will be heading off for the sunnier climes of AIM as a result, leaving my squad ever so slightly weakened.

Photo Update: Union Jack Oil - Wressle news unlikely to please the naked protestors

Published 190 days ago

Union Jack Oil (UJO) has noted an “Appeal & New Planning Application” announcement on the Wressle oil field (Union Jack: 15%, including 3.33% subject to approval from the Oil and Gas Authority) from operator Egdon Resources (EDR).

Hayward Tyler – reports “continued good progress”, what about the February profit warning?

Published 191 days ago

Hayward Tyler (HAYT) has announced £3.7 million of new order wins, emphasising these “in addition to those already announced in March as evidence of our ability to convert our strong pipeline into order intake”. Hmmm, this follows a profit warning as recently as 20th February though…

Sepura – kudos to Cynical Bear, proposed takeover of the company faces a ‘Public Interest’ review

Published 191 days ago

Kudos to Cynical Bear’s questioning whether a “Competition approvals” RNS last month from Sepura (SEPU) was really about competition approvals – it has now been announced that the Competition and Markets Authority is “to consider whether a public interest consideration is relevant to the acquisition as a result of Sepura's commercial arrangements with UK government entities”

Fitbug – shares up on another RNS Reach announcement, but complete ramparoonies now limited?

Published 191 days ago

In a “non-regulatory RNS Reach communication”, Fitbug (FITB) “is pleased to announce a customer renewal for wellbeing services with a large financial institution”. Wow, a renewal hey – this following recently announced 2016 results showing a more than £3 million net cash outflow before new financing on reduced revenue of £1.1 million

MySQUAR: A classic Pump and Dump

Published 192 days ago

I looked at MySQUAR (MYSQ) recently commenting on the apparent conflict between the broker, Beaufort Securities, and its lender, Sandabel Capital (HERE). The good news is that the Sandabel deal has now come to an end. The less good news is that the average PI here has just been played like a fiddle with a classic pump and dump and it is worth taking a closer look.

Sanderson Group is showing steady growth

Published 192 days ago

I always seem to come away from the UK Investor Show having found at least a couple of companies which I had never looked at previously piquing my interest, and this year’s event was no exception.

Boxhill Technologies: Another dodgy-looking deal – when will Allenby resign?

Published 192 days ago

Following the profit warning and announcement of the forthcoming Timegrand deal back in February that I covered HERE, Boxhill Technologies (BOX) announced the completion of that deal late yesterday afternoon. Unsurprisingly, the deal raises more questions than it answers and I’m beginning to wonder when Allenby will say enough is enough. Let’s take a closer look at the RNS.

Grafenia – updates on “strong” print revenues & results “in line”, so why are the shares still depressed?

Published 192 days ago

Grafenia (GRA) has updated that “revenues from print in March were strong, significantly ahead of both our internal budget and the same period last year” and that “the board expects full year results to be in line with revised market expectations for revenue, EBITDA and net cash” - yet the shares presently remain at a depressed 6.5p. Why?...

Hornby - rebels demand regime change to restore value

Published 193 days ago

Writing on hobby products group, Hornby (HRN) last week I concluded that it remained on the watchlist for recovery but that I’d still want further financial evidence of turnaround progress. Some though don’t believe this will be delivered – and are now demanding change…

The Standard List – Home of the Comeback Kid: Part 2: Path Investments

Published 193 days ago

In a mini-series of tales of unlikely comebacks, I covered Dukemount Capital (DKE) earlier today and now look at Path Investments (PATH), although from first glance, it looks like the only ones who are on a Path to riches here are the management team.

The Standard List – Home of the Comeback Kid: Part 1: Dukemount Capital

Published 193 days ago

As a kid, I used to watch the first three Rocky films pretty much on loop as I love a feel-good comeback story and I note that the Standard Segment of the Official List is fast becoming the home for such stocks. Unfortunately, I doubt the ones I’ll cover today are going to have the beating of Apollo Creed or Clubber Lang. First up is Dukemount Capital (DKE).

Inspirit Energy – half-year results claim “adequate resources”. Really?...

Published 193 days ago

Having featured in the ‘New Year bury bad news stakes’ and with questions having been raised about CFO Nilesh Jagatia, I note shares in Inspirit Energy (INSP) remain in the doldrums following half-year results announced on 31st March. I also note the announcement was made at 9.49am. An attempt to miss the usual 7am RNS scrutiny?...

Something more than the fertilizer smells at Obtala

Published 193 days ago

Obtala (OBT) should be a simple business to understand, its website explains that it farms just over 1,700 hectares of land in Tanzania and that it’s transitioning its forestry business to supplying hard wood products from 314,000 hectares of forestry concessions. And yet the group structure, accounts and accounting practices are possibly the most opaque that I’ve seen for an AIM company for quite some time. I’m going to highlight three points that should make the longs very concerned and should tempt the shorts out to play.

Table of shorted AIM shares - week to 07/04/2017

Published 194 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Advanced Oncotherapy – Bracknor converts again but is it selling?, can it sell?

Published 195 days ago

AIM-listed Advanced Oncotherapy (AVO) has announced a second conversion of death-spiral loan by Bracknor. As per the first conversion, it is £100,000 (nominal) but this time the conversion price was just 27.89p. Given that the recent EGM gave approval for the company to convert the full package at an average 44p per share that might mean a bit of a headache.

Hornby – updates on turnaround progress. A recovery play?

Published 196 days ago

Previously updating on hobby products group, Hornby (HRN) I concluded that some decent underlying progress looking to now be being made saw the shares onto the watchlist for recovery. The company has now further updated…

Xtract Resources: More dilution – it’s a damn addiction!

Published 196 days ago

Just catching up with an after-hours RNS from Xtract Resources (XTR) on Wednesday and although I was hoping for an update on how it is going to finance Manica, it was in fact just more dilution taking the total number of shares to over 34 billion…..with more to come...

HaloSource – 2016 results, cash crunch AHOY!

Published 196 days ago

I most recently cautioned on water technology company HaloSource (HALO) in February HERE. It has now announced results for the 2016 calendar year…

The tangled web behind URU Metals

Published 196 days ago

URU Metals (URU) seems to have this RNS lark cracked – if the market hates the first one that you issue, then just word it slightly differently and release news about the same project again the following day. You really couldn’t make it up!

OptiBiotix – good news: successful SkinBioTherapeutics demerger onto AIM

Published 197 days ago

OptiBiotix (OPTI) skin health-focused subsidiary, SkinBioTherapeutics, has successfully listed its shares on AIM. Good news as OptiBiotix still has a near 42% stake…

blur Group – another contender for most ridiculous announcement of the year?

Published 197 days ago

Previously commenting on blur Group (BLUR) I noted CEO Letts & co excelling themselves with a leading contender for ‘Ramparoonie RNS of the Year’. We today have a “blur engaged with UK County Council” announcement. Surely not again…

Corero – 2016 results & “pleased to announce” placing. I bet it is…

Published 197 days ago

Corero Network Security (CNS) “is pleased to announce… it has conditionally raised approximately £5.6 million… at a placing price of 5p… to support SmartWall sales and marketing activities in the US and Europe, for further development of the SmartWall product and for the general working capital requirements of the group”. Hmmm, what do the also- (but not ‘pleased’ to be) announced results for the 2016 calendar year show?...

Life Science Developments: It’s Life, Jim, but not as we know it - to be booted off AIM!

Published 197 days ago

I wrote six months ago about the laughable potential RTO deal between Jim Mellon-connected Life Science Developments (LIFE) and Jim’s favourite private investment, The Diabetic Boot Company. Well, surprise, surprise, the deal hasn’t happened and Life Science will be booted off AIM. It’s worth taking a closer look at what has gone on at this farce in the last 18 months.

Fitbug – 2016 results include “an idea whose time has come”. Really?...

Published 198 days ago

Fitbug (FITB) has announced 2016 calendar year results – including that it believes it has “an idea whose time has come” – and a proposed change of name, to Kin Group. Hmmm…

Central Asia Metals - the best value mining stock on the market?

Published 198 days ago

A few weeks back I wrote a piece here suggesting that Central Asia Metals (CAML) was one of the best value mining shares around, and following the release of its final results I believe that to be even more the case now.

Goldplat – refinery dispute, to immediately initiate legal proceedings...

Published 199 days ago

Shares in Goldplat (GDP) are currently in decline on the back of an announcement that it will be immediately initiating legal proceedings as, despite a final report from a jointly-appointed independent metallurgical expert, it has “not been able to reach a settlement” in a dispute with Rand Refinery

Altyn Buy at 1.6p - target 5p: VSA Initiates coverage

Published 199 days ago

VSA is house broker to Altyn (ALTN), the former Hambledon Mining, so its assessment cannot be deemed to be impartial. We bring this information as a public service.

Imagination Technologies – claims license agreement “Discussions with Apple”, Er…

Published 199 days ago

Shares in Imagination Technologies (IMG) are currently a bit ahead today – but this only after a precipitous fall yesterday on the back of a “Discussions with Apple regarding license agreement” announcement…

FastForward Innovations – Got any spare change as the Moet is running low?

Published 199 days ago

When reading this morning’s RNS from FastForward Innovation (FFWD), I just had this image of Lorne Abony and Jim Mellon scrabbling around behind the back of the sofas in FastForward Towers looking for some spare change as the cash crunch (detailed HERE) becomes ever more pressing. The announcement related to a change in the lock-in arrangements relating to the sale of the SatoshiPay investment to Blue Star Capital (BLU).

Strat Aero – “Trading Update”, what’s the real balance sheet picture though?

Published 199 days ago

Strat Aero (AERO) “announces a trading update ahead of its full year results for the year ended 31 December 2016”. Hmmm – it’s already April 2017 though. I’d suggest this doesn’t bode well…

Table of shorted AIM shares - week to 31/03/2017

Published 200 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Etaireia Investments: Fattal and Bloom can’t help themselves – another related party deal!

Published 202 days ago

Another property deal from Etaireia Investments (NEX: ETIP) announced yesterday and guess what, it’s yet another related party transaction. As one can see from the various pieces I’ve written on the company HERE, one shouldn’t have expected anything less.

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

Published 203 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.

Sepura – Hmmm, was that RNS really about “Competition approvals”?

Published 203 days ago

It’s been an absolute roller-coaster of a week for Sepura (SEPU) which is embroiled in a drawn-out takeover saga with Hytera Communications subject to competition delays. There were a number of interesting RNS’s worth commenting on this week but one in particular has my spoof antennae whirring. Were shareholders being told the whole story?

Nektan – Some progress but balance sheet restructuring now critical

Published 203 days ago

Interims are out this morning for Nektan (NKTN), one of my Sell Picks of 2017, and despite a few green shoots continuing to develop, one wonders how shareholders will fare from the forthcoming funding round and essential balance sheet restructuring.

URGENT! book your free tickets for Saturday - DEADLINE 2PM TODAY for postal seats

Published 204 days ago

The last postal mailing of tickets for THE investor event of the year is Thursday Morning. So to grab your seat and join 3,000 others who want to make money from shares ACT NOW!

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

Published 204 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.

CloudCall – 2016 results, sufficiently funded to reach break-even?

Published 204 days ago

Having previously updated on CloudCall (CALL) HERE, I note the integrator of voice communications into customer relationship management platforms has now announced results for the 2016 calendar year. These emphasise “a year of excellent progress for the business” and a “strong start to 2017”, though have currently seen the shares slip back towards 100p…

React Group Finals: this will not go on in this manner: Buy

Published 204 days ago

We had already been warned that React Group (REAT) had faced one or two issues in the last financial year notably the dismal performance of the EPUK Unit. Thus results a week or so ago were not good but that should have been expected.

Obtala - great update and great placing! We are more than 100% ahead - more to come

Published 204 days ago

We tipped this stock at 8.5p (offer) so are 100% ahead but there is far more to come. Obtala (OBT) has followed a quarterly business update with news that it has entered into a conditional subscription agreement to issue £4 million of new shares at 20p each - with also the same amount of warrants convertible at the same price.

Steve Moore Sell tip of the year, Sabien Technology - TIMBERRRRR…

Published 205 days ago

Noting the balance sheet in conjunction with its trading, towards the end of 2016 I put forward Sabien Technology (SNT) as a sell tip for 2017 at 3p – questioning at what price another attempted bailout fundraising so soon after the previous one? We now have the answer…

Challenger Acquisitions: Good news – it’s not going bust yet, cue outrageous rampfest

Published 205 days ago

I’ve been badgering Challenger Acquisitions (CHAL) for three weeks now to tell the market what was happening with the debt it owed and today it finally made the announcement and it was marginally good news. What happened next though was just wrong, a rampathon across LSE, ADVFN and Twitter (and Challenger should take some of the blame), with one sole aim, to mug off the average punter. This behaviour must be stopped – my campaign starts here.

Falanx - MidGard launch and massive name tie ups

Published 205 days ago

You would not have thought that Falanx (FLX) had, yesterday,  served up some cracking news but it has. The shares rose just a fraction tpo 6.5p-7p. The market is missing what is going on for now, here but the import will sink in. We are well ahead on our 4.5p offer share tip but there is plenty more to go for.

My view on Sound Energy's market valuation remain unchanged

Published 205 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.

Amryt - trials of AP101 now underway - broker ups target to 88p: buy at 20p or under

Published 205 days ago

Shares in Amryt Pharma (AMYT) are starting to move the right way and ever faster as clear progress is made with its portfolio. On Tuesday we had the, not unexpected, news that it has started the phase 3 ( that is to say final human) trials of AP101, its lead drug candidate, a potential treatment for Epidermolysis Bullosa (EB). EB is a rare, genetic skin disorder, which causes exceptionally fragile skin.

Bluebird Merchant Ventures: What are you hiding in the interims? Oh…..oh dear!

Published 205 days ago

This week’s strategy update from Bluebird Merchant Ventures (BMV) reminded me that I meant to go searching for its interims as it had done that really annoying thing that rubbish companies do in not actually putting the interims in the RNS, but merely putting a link to the website and then it isn’t actually on the website till later. Having finally tracked them down, I now realise why the company wanted to hide them away as they make horrific reading.

ONLY FOUR days to go to THE event for anyone interested in making money from shares - BOOK NOW

Published 206 days ago

After Saturday's debacle in Islington, there is clearly just 1 major event to go to for those who want to make money from shares - UK Investor Show. To meet more than 120 growth companies and to hear the most amazing cast of speakers you have to be there on April 1 at the QE2 Centre in London. There is just one show to go to so BOOK NOW and join 3,000 other people who want to make money from shares.

Falcon Media House – A welcome return? Part 1 – Shoddy non-disclosure. Standard stuff

Published 206 days ago

With the exciting news that Falcon Acquisitions (FAL), or Falcon Media House as it is now known, has finally come back to the market after an eight-month suspension, I thought I’d do a review of a few of the interesting bits coming out of the long-awaited prospectus as a counter-balance to the tsunami of bullish noise from all the usual places yesterday. Unsurprisingly, there is staggering lack of disclosure that is all too normal with Standard List companies.

Tom Winnifrith Bonus Bearcast - My heart goes out to many Cloudtag shareholders as they lose everything

Published 206 days ago

So the fraud Cloudtag (CTAG) is today booted off the AIM casino. I did warn you but this podcast is for those who have lost out as a result of owning these shares. I do feel genuinely sorry for most of you. I explain why and where your anger should be directed.You may not want to hear this but I go through a few lessons you may want to learn from the disaster, for if we do not learn from when we lose we will keep on losing.

FRAUD Cloudtag...some morons are on the pitch, they think it's all over....IT IS NOW

Published 206 days ago

Cloudtag (CTAG) has fessed up to dismal results and to the fact that it cannot get a Nomad to act for it and sign off on its lies and thus its shares will be booted off the AIM casino tonight. It talks of a relisting in the future but then it was telling us just the other day that it would get a new Nomad. But having had since January 10 it has failed. No one will act for this fraud. It is game over.

DP Poland – 2016 results emphasise strong sales & roll-out, BUT…

Published 207 days ago

The 2016 calendar year results announcement from the company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) is headlined; “Accelerated store roll-out and strong like-for-likes drive sales volume and improved contributions from corporate stores and commissary”. Hmmm, let’s take a closer look…

Twitter Investment Genius from the Costa del Crime Caption Contest & a Lada joke

Published 207 days ago

One of those waiting with baited breath to find out if Cloudtag (CTAG) will be slung off AIM tonight is a genius from the Costa Del Crime with a portfolio from hell who - as at last week was on a countdown to making his or first tweet as we showed HERE. We asked for suggestions as to what that tweet should be. The winner is:

Advanced Oncotherapy - Spooooooooooooooooooooooooooooooooooooof

Published 207 days ago

Ho ho ho. Even as it faces insolvency those wags at Advanced Oncotherapy (AVO) do so with a sense of humour as they try to spoof us all with news of an even more desperate financing which will keep the lights on until late June. Dr Michael Sinclair you should go on the stage. You really are a hoot.

Frontera Resources - A Lesson From Masters In Spin

Published 207 days ago

I owe a lot of my success in investing to Steve Nicandros, CEO of Frontera Resources (FRR), having spoken to him in great detail about his company and investing a lot of money in it as a result.

Could Digital Barriers be on the verge of turning things around?

Published 207 days ago

Digital Barriers (DGB) has been like so many other AIM companies, in that it has promised a lot but has failed to deliver in the way that investors expected it to, and it now looks like the last chance for the company to live up to expectations.

Unfortunate timing for Premier African placing - following ramp podcast earlier that day!

Published 208 days ago

Premier African Minerals (PREM) was a company that I had high hopes for a couple of years back, but since then it has largely failed to live up to expectations on the operational front – especially in terms of producing revenue.

Big Sofa: US expansion - things looking very good! More big share price gains to come

Published 208 days ago

We are already well ahead on this share tip. But we can still see it doubling from here!

FastForward Innovations – All the cash has gone so when’s the placing?

Published 208 days ago

Having been put in a bad mood with the disappointing Schoold deal that I covered HERE, I thought I’d dig a bit deeper to see how much cash is left in Jim Mellon backed FastForward (FFWD) business and what I think that means for the future and why it looks overvalued to me.

FastForward Innovations – Did you lie or is Schoold just a rubbish investment?

Published 208 days ago

I’ve been on the edge of my seat for a number of days as was expecting news from Jim Mellon backed FastForward Innovations (FFWD) on its Schoold deal at any moment as the 75 day exclusivity period with a potential strategic acquirer had reached an end. The anticlimactic news arrived on Friday (as covered in Tom’s Bearcast HERE) and I merely felt deflated but today I’ve woken up angry and wonder if FastForward has actually lied to me!

Tom Winnifrith: The Top short sellers, bears and fraudbusters all together on April 1 - don't miss out

Published 209 days ago

You might hate bear raiders. You might think that short selling is unethical. But what you cannot argue with is that ignoring men such as Evil Knievil when they sniff out a fraud or accounting malpractice will cost you a packet. At last year's UK Investor Show the Country's top bears did a detailed presention on AIM darling Avanti Communications, one of the AIM companies most beloved by professional fund managers. Since that warning Avanti shares have collapsed by more than 90%. This year the bears have new targets.

Worthington: Actual progress - I must be seeing things!

Published 209 days ago

Well, not much comedy gold to mine this week but Aidan Earley does appear to have kept to his side of the bargain and it would be churlish for me to ignore it. Yesterday he updated the long-suffering shareholders of Worthington (WRN) on the distribution of shares in Newco. A few questions remain; nevertheless, after about two and a half years of one delay after delay, any half positive move in the right direction should be applauded. So let’s take a look.

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

Published 209 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.

Minoan - a Final Nai! Yes! Buy!

Published 209 days ago

We wake up to discover reports across the Greek press that the appeals against the Presidential Decree granting land use approval, for its cave Sidero Project in Crete have been rejected by the Greek Supreme Court. Minoan (MIN) says that it has not yet seen an announcement from the Greek Supreme Court but that it will update the market once one is issued.

Table of shorted AIM shares - week to 24/03/2017

Published 209 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Flowgroup – energy supply business disposal & microCHP boiler production updates

Published 210 days ago

Writing last month on Flowgroup (FLOW) I noted the shares down below 6p, having been 25p+ less than a year ago. Having fallen further, to sub 4p, they have currently recovered to 5p following a couple of recent announcements…

Digital Barriers – trading warning (you were warned). Timberrrrrr…

Published 210 days ago

Shares in surveillance technology company Digital Barriers (DGB) are currently more than 17.5% lower, at 25.5p, on the back of a “Trading Update” announcement. Trading warning ahoy! You were warned

ECR Minerals - New Aussie Gold license, things are starting to bubble

Published 210 days ago

With funds replenished by the recent placing the new management team at ECR Minerals (ECR) is - as predicted - not hanging around. The shares are well up on our share tip  at a 1.7p offer, at 1.9p-2.05p. If you can get stock at 1.9p you should do so - our target to sell remains 2.5p+ and we expect to be there soon. The newsflow is only just starting.

David Buik of Panmure - not sure if your tweet is shameful or just pointless

Published 210 days ago

David Buik is one of those City grandees you are not allowed to criticise. It is like having a go at the late Queen Mum or beating baby seals to death. In that vein he sent out a tweet today which is wrong but I am not sure why exactly.

Yet another Cloudtag Countdown clock - how long till the Fady Lady sings?

Published 210 days ago

If no Nomad is prepared to act for the FRAUD Cloudtag (CTAG) then its shares, now suspended, will be booted off the AIM Casino. No AIM = no death spiral funding so it will - very soon - run out of, other people's cash, and will go bust. But the first step is being booted off AIM. And, inspired by liar Amit Ben Haim, we have a useful countdown clock until that ouzo moment. Enjoy.

How to Make Money on Full-Year Results - If You Dare

Published 210 days ago

Hello Sharemates. As predicted on this glorious website some time ago, the share price of IQE (IQE) would fall on reporting day - and then recover. In the event when the figures were revealed on Tuesday, the shares fell by about 12%. This was not logical, as the results were rather perky, as I outlined at the time.

Solid State – full-year trading update, what does “broadly in line” mean here?

Published 211 days ago

Specialist electronic equipment manufacturer and components distributor Solid State (SOLI) has made a “Trading Update” announcement – and the following reviews with the shares currently more than 10% lower, at around 450p, in response…

Advanced Oncotherapy - back at 31.5p - is Bracknor dumping or spoofing today? Timber!!!

Published 211 days ago

It is just eight days to the GM of Advanced Oncotherapy (AVO) where shareholders are being asked to approve the issue of gazillions of new shares for the Bracknor death spiral. Since the alternative is going bust within weeks if not days then the result is a gimme although I intend attending - as the owner of 1 share - to ask some searching questions. But the collapse in the share price - the stock is now 31.5p mid, 30p bid tells you there are even bigger issues and that Advanced is, quite possibly toast whatever.

WYG – from “good forward visibility” in December to now a profit warning from the 2016 AIM Awards ‘Best Investor Communication’ winner!

Published 211 days ago

“Trading Update” announcement from WYG plc (WYG). Should be ok as the company’s December half-year report emphasised “a sound platform from which to deliver a full year performance in line with current market expectations”, with “good forward visibility” (as well as noting its “winning the Association for Consultancy and Engineering's Best UK Business Performance Award for a large firm and the AIM Awards Best Investor Communication Award”). Er, what? The shares currently down approaching 20%, at just over 100p?!?...

Solo's Star Rises with Latest Helium Investment

Published 211 days ago

There was exciting news out yesterday from Solo Oil (SOLO) with its venture into the specialty gas market, it is taking up to a 20% stake in Tanzania focused Helium One Limited .

Saffron Energy Bezzecca update - all good news

Published 211 days ago

Saffron (SRON) has confirmed that it has completed the logistics for a tie up of its Bezzecca natural gas project outside Milan within budget and on schedule. Certificates for mechanical and instrumentation completion have been issued and safety and performance testing is underway.

Frontera – well ahead of itself, sell

Published 211 days ago

One has to marvel at how oily serial disappointment AIM-listed Frontera (FRR) has doubled its share price since yesterday. Has it has a takeover? Nope. Has it announced a gusher? Nope. So what has sparked the rise? It seems  that it is in talks over a possible transaction involving a farm-out or joint operation arrangement within the area of its Block 12 holding in Georgia. But is this just a monster spoof?

Toople – Business plan failed and new funds needed: anyone surprised?

Published 211 days ago

I last commented on Sub-Standard Shocker XI member, Toople (TOOP), at the start of February (HERE) following its final results on 31 January, in which I was sceptical of its going concern claims and thought funds would be needed shortly. Funnily enough, it has now announced that the business is struggling and it needs new funds. No great surprise.

It's Now a Ten-Bagger, But The Upward Action is Probably Not Over Yet

Published 211 days ago

Hello Share Sappers. Occasionally armchair tycoons like us come across a little jewel. When it happens, and I’ve commended this share to you previously, it is very tempting to blow my own trumpet. Which is what I now do with Creightons (CRL).

eg solutions – full-year results emphasise “a real sense of momentum”, but a buy?

Published 212 days ago

Back-office workforce optimisation company, eg solutions (EGS) has announced results emphasising “in generating revenues of £5.7m and an adjusted EBITDA of £2.1m in a six-month period, we demonstrated just what the business is capable of”. Hmmm, “adjusted EBITDA” hey. Let’s take a closer look…

Tom Winnifrith Bearcast - Terror attack on London Edition

Published 212 days ago

Clearly this is the story of the day. I reflect on this from various angles. I then move onto Franchise Brands (FRAN) shares in which surged 16% forcing a suspension. No insider dealing here guv, walk on, walk on. Then it is onto Bowleven (BLVN),  Yolo (YOLO), Starcom (STAR) which I may have called Starvest but I meant Starcom, Van Elle (VANL), Nyota (NYO) and finally the uber dog Advanced Oncotherapy (AVO) which is in freefall. Hah! Death spiral shylocks Bracknor your spoof is not working is it! On the subject of terror I mention that evil bastard Martin McGuinness.You should not speak ill of the dead but for this unapologetic murderer  and for those in the media who praise him as a good man I make an exception HERE.  Mr McGuinness was a wicked man who sought no salvation in apology and repentance and, if there is a hell, his soul is right now burning at the heart of it. 

Optibiotix - Skinbiotherapeutics demerger: Mr Market does not fully realise what good news this is!

Published 212 days ago

Optibiotix (OPTI) has announced - not before time we might note- that the demerger of its 52% unit Skinbiotherapeutics and its own AIM listing is underway. I should cocoa. Book building is cracking ahead on the Skinbiotix IPO. Optibiotix currently has an adjusted 52% of Skinbiotherapeutics.

Avanti Communications Kenya contract - it's 'avin' a giraffe

Published 212 days ago

Drowning in debt Avanti Communications (AVN) is 'avin' a giraffe once again with a new announcement of deal with no financials attached which is almost certainly utterly meaningless. Today we head to Kenya.

Starcom – “pleased to present” 2016 results, shares slump again…

Published 212 days ago

Chairman of tracking, monitoring and protection technology company Starcom (STAR), Michael Rosenberg, is “pleased to present the final audited accounts” for 2016. The shares have currently responded more than 17.5% lower, to 1.75p. Hmmm…

Van Elle – profit warning less than 5 months after AIM IPO!

Published 212 days ago

Well that didn’t take long; 26th October 2016: “Van Elle (VANL), the geotechnical contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets, is pleased to announce the admission to trading on the AIM market”22nd March 2017: trading update including “delay and deferral of contracts”

Cloudbuy – still no sign of tomorrow's Hartleys but toast certainly on the menu.

Published 212 days ago

AIM-listed e-commerce play Cloudbuy (CBUY) released its full year numbers for calendar 2016 this morning. Having had a rescue refinancing last year and a change of strategy the question was always whether all the good news announced over the last few years would ever be converted into revenue. The bad news is that it hasn’t yet. By the way, as a general point to the company, if you are going to reference notes to the accounts in the RNS and don’t include those notes people will think you have something to hide. It looks poor.

The Joke valuation that is Bushveld Minerals

Published 212 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.

Lekoil offers plenty of longer term upside

Published 212 days ago

Many AIM oil companies promise the earth, yet in most cases are still no nearer to actually producing anything despite a number of years having passed since their initial discoveries, so it is refreshing to see that there are exceptions to this trend.

DX Group - boardroom change General Meeting requisition follows recent planning & trading despair

Published 212 days ago

With planning despair following trading despair recently, there is now a boardroom change General Meeting requisition at DX Group (DX.)…

IQE Results May Be a Buying Opportunity as Shares Dip to Profit-Takers

Published 212 days ago

Hello Share Smackers. After a long - and for me nervous - wait, the full results for IQE (IQE) are in. And as I predicted on this terrific website, the shares fell on the announcement.

Earthport – interims argue ‘confidence in continued growth & prospects’, but include a net cash generation warning

Published 213 days ago

Cross-border payments network company Earthport (EPO) is “pleased to announce” results for its half year ended 31st December 2016. This is with stated “highlights” including 5 million transactions (prior year corresponding period: 2.7 million) and payment volume of $7.80 billion (prior year corresponding period: $3.95 billion) – and CEO Hank Uberoi emphasising “confidence in our continued growth and prospects”. Why then are the shares currently more than 8.5% lower, at 24p?...

Audioboom – BOOM! Discounted fundraising follows bullish ‘KPI’ update earlier this month

Published 213 days ago

Noting the balance sheet position (and related-party transactions) suggested continued caution, I previously updated on spoken-word audio platform company Audioboom (BOOM) earlier this month as the shares were recovering above 3p on the back of a “First Quarter KPI Update” announcement. Now BOOM – it’s discounted placing ahoy!...

BOS Global – My biggest AIM bugbear: the share price spoof

Published 213 days ago

I haven’t been following BOS Global (BOS) that closely since the comedy gold video I commented on HERE but note the share price has increased quite nicely in recent months, much to my surprise. I noted, however, an acquisition announced yesterday which included the one thing that annoys me more than any other on AIM, the spoof made-up share price for equity issued as consideration for acquisitions. Let me explain.

Pebble Beach Systems – “Final Settlement of VCS Consideration”, so much for “substantially debt-free”!

Published 214 days ago

“Final Settlement of VCS Consideration” announcement from Pebble Beach Systems (PEB). I remind that on the conditional sale being announced on 20th October that RNS concluded “if the transaction completes then the group will be left substantially debt-free and to execute its software transition strategy with Pebble Beach Systems”

Goldplat - 63% upside says house broker VSA

Published 214 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.

Is Bracknor spoofing investors to postpone the collapse of the Advanced Oncotherapy death spiral?

Published 214 days ago

Death spiral provider Bracknor does not buy shares in companies. It loans the desperate, cash at pound of flesh rates which it then converts into shares at discounted rates and flogs to mug punters. That is the classic death spiral model. But to get such a death spiral away it needs a perception of market liquidity and also to avoid a complete short term collapse of the share price. And that brings us to Advanced Oncotherapy (AVO).

CAP-XX – interims argue “excellent progress”, but financials look CrAP (XX)

Published 214 days ago

Self-described “world leader in the design and manufacture of supercapacitors, which considerably extend the performance of batteries”, CAP-XX (CPX) has announced results including that it “has again made excellent progress over the six months to 31 December 2016 and beyond in building on and refining its strategy”. Sounds positive. What? The shares currently 16% lower, at 8.5p?!?…

Zinc Media looks expensive based on latest financials

Published 214 days ago

Small AIM outfit Zinc Media (ZIN) released its interim results last week and trumpeted that it is continuing to move in the right direction, but I would question whether the turnaround is happening fast enough to make the shares attractive.

Servision – AIM Rule 26 webpage almost a year out of date, and where is Cascade TR-1?

Published 215 days ago

AIM-listed Servision (SEV) still looks to be a story too good to be true. With the company scraping by on boardroom emergency loans and running out of cash, along comes Cascade which agrees to pump in boat-loads of cash at more than 400% of the prevailing share price. We have been told that the first tranche of shares has now been issued (and, indeed, admitted to trading on the Casino), and the cash received. But we’ve not had a TR-1. And why is the company’s AIM Rule 26 major shareholdings web-page almost a year out of date?

Is it worth giving Chariot another chance?

Published 215 days ago

Chariot Oil and Gas (CHAR) has begun to get my attention again recently as it has plenty going on operationally during the next year or so, and could well become a popular share to be in once again.

Milestone Group: Shocking ramptastic RNS’s with just one purpose – placing anyone?

Published 215 days ago

Tom and I have been pretty consistent in our criticism of lifestyle company, Milestone Group (MSG), and although it was touched upon in Friday’s Bearcast (HERE), I thought the ridiculous recent RNS’s required a bit more of a kicking. It is an appalling effort with one sole purpose, to try to seduce new mug punters into supporting this useless company.

Notes from Underground: The Teddy Bears picnic

Published 215 days ago

ShareProphets readership increases every week - we can tell because we're a registration site and if you unsubscribe, you are kicked off the site. We don't have a dead subscription list like other, lesser, sites.

The Worthington comedy continues: Flagship sunk but there’s definitely a Plan D….probably

Published 216 days ago

It’s going to be a sad day when the Worthington (WRN) and Newco saga finally comes to a sorry end as it is comedy gold and Aidan Earley’s latest offering doesn’t disappoint. I thought I’d set out the full “announcement” that came out on Thursday with my commentary.

EVR Holdings - valuation insanity writ large

Published 216 days ago

As the well-known saying goes, turnover is vanity, profit is sanity but cash is king!  How then, should you refer to a company that displays either zero or negative for all three?  Welcome to the fantasy world of EVR Holdings (EVRH), the holding company for buzz-word bingo business MelodyVR.

Table of shorted AIM shares - week to 17/03/2017

Published 216 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Could the Wall Street Crash Happen Again? And If so, Will it Come Soon?

Published 216 days ago

Hello Share Tusslers. The majority of private shareholders at the UK Investor Show at Westminster in a couple of weeks’ time will be sitting on huge gains over the year. They will be in a jollier mood than we’ve seen them in a long time.

CyanConnode – ANOTHER funding!, just how frequently does it require support on ‘journey to commercialisation’?

Published 217 days ago

CyanConnode (CYAN) is “pleased to announce” a successful equity raise of 1,906,912,392 new shares at 0.17p each. Hang on, haven’t I already heard similar since previously reviewing in August?...

Stellar Diamonds fools Digital Look with diamond discovery - it should be ashamed

Published 217 days ago

The roll call of shame on today's RNS from Stellar Diamonds: Nomad Cairn Financial (Emma Earl, that name rings a bell), Broker Beaufort Securities (Jon Bellis), joint broker Peterhouse Corporate Finance (Martin Lampshire), Financial Advisers Mirabaud (Rory Scott), Pr St Brides ( Lottie Brocklehurst). The headline is "709 Carat Diamond Discovered in Sierra Leone." Fuck me: where do I buy Stellar shares? These guys have just discovered the 13th biggest diamond in the country's history. Fuck me again - where is my fucking stockbroker? Oh er hang on...

Ilika – CEO argues “growing confidence in our licensing model”, but in reality it’s forecasts slashed

Published 217 days ago

Self-described “pioneer in materials innovation and solid-state battery technology”, Ilika (IKA) has followed recent “Toyota Funds Collaboration with Ilika” and “Collaboration with Galvani Bioelectronics” announcements with a “Trading update” commencing with that such deals “are resulting in a strong ramp-up of revenue relative to 2015/16”. Good, good… You what? The shares currently down circa 15%, approaching 40p?!?...

Hayward Tyler – new order win as loan repayment can kicked further down the road (though not very far)...

Published 217 days ago

Having recently noted a £2.4 million repayment due to Royal Bank of Scotland on 31st March (Hayward Tyler – announces “new order wins”, but attempted bailout financing dump ahoy?), I now note a further announcement from Hayward Tyler Group (HAYT); “Bank facility update and new order win”...

Seeing Machines – interims include “multi-sector strategy continues to gain momentum”, but also “reduced expectations”. Er…

Published 218 days ago

“Seeing Machines (SEE), the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services is pleased to announce its unaudited financial results for the six months to 31 December 2016” and CEO Ken Kroeger is “pleased with the progress towards the achievement of our long-term goals as our multi-sector strategy continues to gain momentum”. Good, good… er, what? The shares currently more than 15% lower in response?!?...

Cloudtag - 11 days from AIM death the zombie has news..well not really

Published 218 days ago

In 11 days time if no Nomad is prepared to act for the fraud Cloudtag (CTAG), that is to say to sign off on the lies it likes to tell investors, its shares - now suspended - will be booted off AIM. Unable to raise cash it will go bust. Just to placate the fools who ignored countless warnings and are trapped in this stock and to amuse the rest of us it has today made an announcement. It is horeshite natch and I offer a translation service in bold.

Red Leopard Holdings and EVR Holdings – how to make money at different stages of the Akers investment lifecycle

Published 218 days ago

Following my recommendation on Red Leopard earlier this month, I thought I’d follow up with a compare and contrast of Akers related stocks looking at the different phases of the investment lifecycle and how to make money at those different stages.

Saffron Energy - Shell News: good but largely expected, shares will re-rate

Published 218 days ago

Saffron Energy (SRON) has announced the extension of the natural gas offtake contract between its Italian subsidiary Northsun and Shell. The contract has been extended to 1 October 2018, with an option to extend for a further year to 1 October 2019, and provides for offtake of gas supply for all of the Group's Italian gas fields.

Zinc Media – emphasises EBITDA profit for "first time in recent years", so why are the shares materially lower?...

Published 218 days ago

The results announcement for its half year ended 31st December 2016 from the former Ten Alps plc, now Zinc Media Group (ZIN), emphasises “decisive action taken” and “for the first time in recent years, the company reported a profit at the adjusted EBITDA level”. So why are the shares more than 9% lower, heading towards 1.20p, on the back of the release?...

Mobile Streams – emphasises “delighted” with India growth… but overall it’s a “materially lower” profit warning!

Published 219 days ago

Trading Statement” announcement from mobile games company Mobile Streams (MOS) sees the shares currently more than 10% lower, heading towards 3p. Uh oh…

Kalibrate Technologies – interim results show how ‘bullshit earnings’ were the previously announced EBITDA

Published 219 days ago

After a profit warning in January, CEO of Kalibrate Technologies (KLBT), Bob Stein, is “pleased to report our results for the six months ended 31 December 2016. Hmmm. The shares have responded lower, back below 60p…

Is Hardman Research hiring LSE BB Morons to pen its worthless reports - ref the dog Advanced Oncotherapy

Published 219 days ago

Advanced Oncotherapy (AVO) is, as you know, utterly desperate to create buying interest in its shares so that death spiral shysters Bracknor can dump £13.7 million of equity onto the market over the next year. That is not going well and so Advanced today boasts that it has paid investment analyst prostitutes for hire, Hardman, to publish a glossy note. This report is so unbelievably unbalanced that I can only assume that Hardman outsourced the work to the Bulletin Board Morons on the LSE Asylum. Folks can see through this shite and the shares are down by a penny at just 40p bid which is very bad news for Advanced as explained HERE.

Cloudtag Moron - lets beat Tom Winnifrith up: LSE provides platform for inciting violence

Published 219 days ago

Repeatedly, during the past six months, the London & South East Bulletin Board ( aka the LSE Asylum) has removed posts within minutes which offered any criticism at all of Cloudtag (CTAG). Right up to the point that shares in the fraud were suspended on AIM no dissent was allowed. But it appears that the LSE does believe in free speech when it comes to inciting violence against me. My crime, natch, calling out the fraud and so yesterday the post below appeared.

TLOU Energy has the potential to succeed

Published 219 days ago

TLOU Energy (TLOU) was once one of those AIM companies that was hugely popular with PIs and was attracting a lot of attention and hype. Now that has now subsided, I can see real potential with this company going forward given the track record of those who are running it.

Three Top Tips To Tweak the Tricky Task of Ticklish Timing

Published 219 days ago

Hello Share Carriers. It’s often said - and for good reason - that timing is everything in the great share game. Usually it’s trying to sell at the top and buy at the bottom. As this is well nigh impossible, it’s probably useful to look at other matters of timing, which are a bit easier to achieve.

Hayward Tyler – announces “new order wins”, but attempted bailout financing dump ahoy?

Published 220 days ago

Down from above 75p at the commencement of the year, shares in engineering group Hayward Tyler (HAYT) are currently today rebounding more than 10%, above 40p, on the back of a “New order wins” announcement…

Bank your gains in LGO Energy

Published 220 days ago

Yesterday we advised our readers to bank gains in LGO Energy (LGO) at a 3.9p bid - that would be a 77% gain on an offer to bid basis made in 14 days. Not bad eh? All those idiots who questioned why we tipped LGO have their answer: to make money for our readers. And that we did. The shares are now 3.7p offer. Paying customers (just £5) come first so got out at higher levels. The rationale for the take profits advice is clear - our article from behind the paywall reads:

Eagle Eye Solutions – interim results & Europe partnership, balance sheet “sufficient”?

Published 220 days ago

Having previously emphasised caution on digital promotions technology company Eagle Eye (EYE), I note the shares currently circa 6% higher today at 145p on the back of results for its half year ended 31st December 2016 and a partnership to deliver digital loyalty solutions in Europe with retail marketing company TCC Global…

Independent Resources down 30% but valuation insane

Published 220 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.

Lucy Wray: UK Investor ticket update just 400 of 3000 left for April 1 - grab your free one NOW

Published 220 days ago

Time really is running out if you want to attend what is the country's biggest and most exciting one day event for those who are serious about making money from shares. UK Investor Show will be having a 15th birthday party on April 1 (no kidding) in Westminster, London. But as of today fewer than 400 of the 3,000 tickets are unallocated. So if you want to attend book one NOW!

7digital – completion of share placing, broker updates

Published 220 days ago

Following its 2016 results, digital music and radio services group 7digital (7DIG) has successfully placed 34,769,239 new shares at 6.5p to raise a gross approximately £2.26 million and house broker, finnCap, has updated on the company's manoeuvrings...

Bulletin Board Moron of the Week sponsored by the Glenwick Ramping Crew - a winner announced

Published 221 days ago

Well thanks to Big Gib and the Glenwick (GWIK) ramping crew for sponsoring last week's Bulletin Board moron contest which served up a raft of entries as you can see HERE. The winner was Juicin Drumroll who spotted this great observation from a Long & Strong Cloudtag (CTAG) moron posting on the ADVFN Asylum with the shares suspended and due to be booted off AIM two weeks from today.

eServGlobal – argues breakeven ahoy after 2016 “turnaround”. Hmmm…

Published 221 days ago

Having recently recovered to comfortably above 7p, shares in eServGlobal (ESG) are currently sliding back towards that level despite an AGM Statement including “we expect sufficient order flow in H1 to support our outlook of breakeven in the core business in the 12 months to 31 October 2017, and progress by HomeSend remains consistent with reaching a breakeven point during this calendar year”

Dave King on the hook for £14m - forced to bid 20p for Rangers FC and caned by Takeover Panel

Published 221 days ago

The Takeover Panel has today slammed Rangers (RFC) supremo David King for breaching the UK Takeover Code as well as being a prize arse in not co-operating, indeed appearing to obstruct, its enquiry. The upshot is that he has now been told that he must launch a 20p per share offer for the 85.43% of Rangers he does not own by April 12. That will cost him up to £14 million if everyone accepts.

Rex Bionics – “Funding and strategic review update” – heading for a de-listing?... or worse?

Published 221 days ago

Having previously concluded with shares in Rex Bionics (RXB) at circa 70p HERE, 43.5p HERE and 32.5p HERE, that, although a type of business you want to succeed, some way from being able to prove its commerciality and cash burn concerns until it gets there, the shares don’t look to appeal as an investment, I note they currently at 13p and an update including that “the company estimates that it will likely need external funding by the end of April 2017 in order to remain as a going concern”. Uh oh…

Falanx - new CFO, check out that CV

Published 222 days ago

At 6.25p-6.5p cyber security group Falanx (FLX) is capitalised at just £8.2 million. We think it will go higher. It is well up on our share tip  at a 4.25p offer so the stance is hold but this should be trading at well over 8p to sell ( our target) post the year end trading statement in a few weeks. But pro tem we were told last week that it has appointed Craig Dawson as Chief Finance Officer with immediate effect - check out his CV.

Buy ECR Minerals at up to 1.9p - target to sell 2.5p+

Published 222 days ago

We tipped this stock last week at a 1.7p offer. The target to sell is 2.5p + . The shares are a buy at up 1.9p. The tip reads:

Ocelot Partners: At last, a Standard List star is born – I have great hopes

Published 222 days ago

Just like the moment when Rooney scored THAT goal against Arsenal in 2002 as a 16-year old in off the crossbar from 25 yards, launching himself into the limelight, I gave a yelp of delight when reading the “Intention To Float” announcement issued by Ocelot Partners (OLOT) last Wednesday. Finally, the Sub-Standard Shockers XI may have found that playmaker with a bit of magical star quality that it can build a team around.

Notes from Underground: Show of Shows

Published 222 days ago

It's with a sharp sense of horror that I realise that it's only three weeks until the the UK's most interesting investing event, the UK Investor Show. Not that the show will be a horror - it'll be terrific - but I'm suddenly jolted into all the last minute things that need to be done on my part and, well, general horror.

Tom Winnifrith Bearcast - Sound Energy now firmly on the bears radar screens

Published 223 days ago

I refer to young Steve's article earlier on the most shorted AIM shares. The fact is that most AIM shares cannot be shorted at all. There then follows a discussion on Sound Energy (SOU), Boohoo.com (BOO) and Telit (TCM). On a serarate note I look at LGO Energy (LGO). When the facts change what do you do?

Symphony Environmental Results - more good news

Published 223 days ago

Symphony Environmental Technologies (SYM) has announced results for the 2016 calendar year and that “we expect to build on the positive momentum and are optimistic for a successful year ahead”.

Why did we tip LGO Energy? Let me explain and here is that tip

Published 223 days ago

Certain folks wonder why we, on HotStockRockets, we tipped shares in LGO Energy (LGO) as a buy? Well the reason of course is that we thought they were going to go up and we want our readers to make money. On 28 February when we tipped the shares they were 0.115p offer ( that is 2.3p in today's post consolidation money). They are now 3.35p bid so our readers are very much in the money after just 11 days!  But why tip this stock. The best expanation is the original tip which is below. Remember the 20 for 1 consolidation when reading it.

Goodwin – 2:15pm ‘Interim Management Statement’ a cause for alarm?

Published 223 days ago

Previously writing on engineering company Goodwin (GDWN) in September with the shares at 1980p, I concluded that the energy industry environment saw me cautious and avoiding the shares. They were little changed on the prior 1895p close before an “Interim Management Statement” announcement at 2:15pm. A cause for alarm?...

Table of shorted AIM shares - week to 10/03/2017

Published 223 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

IQE Is Still Worth a Look - and Still a Tasty Target for Take-Over.

Published 223 days ago

Hello Share Packers.  All of the shares I’ve brought to your attention have been making good ground. But then again nearly all shares have been flying on the coat-tails of a bullish Footsie.

Advanced Oncotherapy - Get Beer & Popcorn ready for March 31 GM Called - I shall be there!

Published 224 days ago

I have already covered the admissions (HERE) and lies (HERE) flagged up in today's notice of a GM published by Advanced Oncotherapy (AVO). The great news is that the GM is on March 31 in London, a day when I shall be in the Capital. As the proud owner of 1 share bought earlier this week I shall be there for a bunfight. Just 32p for so much fun - bargain! Get your beer & popcorn ready. Why not come along to join me in giving the board hell over all the lies and other matters? There is free beer on me at Wedge Issue afterwards. But there is a far more serious problem for the shysters.

Vela - at last! Disposals to validate strategy and real value: BUY

Published 224 days ago

Investment Company Vela (VELA) has this week announced the sale of some of its shares in TSX.V listed BTL Group generating proceeds of C$277,910 for the Company (equivalent to approximately £169,530 at the prevailing exchange rates). To date Vela has invested a total of approximately £214,300 in BTL.

7digital Group – 2016 results argue “good progress” & “ideally positioned”, so why are the shares lower?

Published 224 days ago

Digital music and radio services group, 7digital (7DIG) has announced results for the 2016 calendar year, including that this “was a year of good progress… as we delivered on our commitment to reach operating profit by the year end” and that it “is ideally positioned to capitalise on the continued growth of streaming in 2017 and beyond”. So why are the shares currently approaching 7% lower, at 6.75p?...

Flowtech Fluidpower – review as argues “successful fundraise of £10 million”

Published 224 days ago

Writing in January on fluid power products supplier Flowtech (FLO) with the shares just below 130p, I noted that there looked potentially interesting value, but also “c.£13 million” of net debt and a downward forecast trend which deterred. The company has now announced a “successful fundraise of £10 million at 120p per share”

Advanced Oncotherapy forced to fess up on Death Spiral Provider Bracknor & Short selling

Published 224 days ago

Heading to zero, serial liar Advanced Oncotherapy (AVO) has today called a GM to approve the issue of a blizzard of shares to obliterate its share price via death spiral. More on that later but the documentation throws up another issue other than the lies refered to earlier HERE, why will Advanced NOT come clean on short selling by death spiral provider Bracknor.

Advanced Oncotherapy - here is a lie it published ahead of that last placing, and another on placing day

Published 224 days ago

Advanced Oncotherapy (AVO) has today called its GM to approve the issuance of more shares to feed the Bracknor Death Spiral - more on that later for the document is, like the company, a joke. But first lets go to a big fat monstrous lie it told last year to help get that bailout placing away in September.

Portmeirion Group – looking through the 2016 results spin…

Published 225 days ago

Shares in Portmeirion, Spode, Royal Worcester, Wax Lyrical and Pimpernel homewares group Portmeirion (PMP) are currently slightly lower despite it “delighted to be reporting an eighth consecutive year of record revenue”, this up by £8 million (11.7%) to £76.7 million…

Optibiotix - you wanted a big name deal - here you go: Sacco. Rejoice! Buy!

Published 225 days ago

Oh ye of little faith! Ye who panicked that Optibiotix (OPTI) has not publicly announced that the big name party in the last deal was Tata. Fear not it will and there will be exciting news on that soon. Ye who thought there were no more deals. You were wrong and that is why we have been urging you to buy the shares at up to 80p again and again. The shares are now 71p-74p.

STM Group – updates on “Budget Changes” as shares hit hard

Published 225 days ago

Having been above 50p, shares in cross-border financial services provider STM Group (STM) are currently down to around 35p on the back of the Budget including, what the company describes as, “significant charges and tax implications for some individuals considering taking out a ‘Qualifying Recognised Overseas Pension Scheme’ transfer from a UK pension scheme

Has Advanced Oncotherapy broken covenants on Metric loan already - will it be insolvent on March 31 or is it there already?

Published 225 days ago

I am beginning to think that the 32p I invested in buying one share in Advanced Oncotherapy (AVO) may be dead money sooner than I think. The silence on certain matters relating to the £11 million it owes Metric is deafening and leads me to believe that on March 31 this company could be insolvent. Or is it already insolvent?  The first question is whether Advanced has breached covenants on the loan already and so is in technical default, i.e. insolvent. If that is the case investors should be told at once should they not. Perhaps hapless Nomad Stockdale might force a clarification of this matter?

Our last share tip is 70% up in 11 days - our next hot tip is at NOON Wednesday - catch it & 2 more for just £5

Published 226 days ago

That 70% gain is at the bid by the way - what you could sell the shares for! We have no need to bodge our satistics our tips are just good tips. And we are not advising readers to sell yet - we expect them to be banking gains of 100% plus on that one within weeks. That is what we like - share tips that deliver big gains fast!

LoopUp – 2016 results emphasise “strong performance” & “positive outlook”, so why are the shares lower?

Published 226 days ago

A 2016 results announcement from remote meetings technology group LoopUp (LOOP) includes “we're very pleased to report strong business performance and a positive outlook in our first set of annual results as a public company”. So why are the shares currently more than 3% lower, at 156.5p, in response?...

Lakehouse – having disappointed thus far on the main market… proposed move to AIM

Published 226 days ago

Having IPO’d on the main market at 89p per share less than two years ago, support services group Lakehouse (LAKE) has announced a proposed move to AIM (along with a “New Contract Win & Update on Trading”)…

Challenger Acquisitions: Come on Mark, spill the beans - is the game up?

Published 226 days ago

I had given Mark Gustafson, CEO of Challenge Acquisitions (CHAL), a few days grace to see if he would do the decent thing and tell his shareholders what the hell is going on at the moment, but seems like he needs a bit of persuasion to come out with the six word RNS: “Um…sorry, it’s gone tits up!”

When you know a company is finished - sentiment on a Bulletin Board: ref Advanced Oncotherapy

Published 226 days ago

Shares in Advanced Oncotherapy (AVO) are sliding again today. Last time I looked they were 32p bid and they are heading rapidly towards the 25p mark at which point Bracknor will not be able to forward sell/convert loan notes as explained HERE without GM sanction. Thus the loan shark death spiral provider - which is pro tem exposed to the tune of well over £1 million will be flogging shares as fast as it can. Meanwhile Advanced just won't answer my 16 questions HERE. But there is something else going on which you can see if you check out the Bulletin Boards and it is quite remarkable and shows this company is toast.

Pebble Beach Systems – disposal updates include buyer reserving its rights as it claims “numerous breaches of the contract”!

Published 226 days ago

After results for the first half of 2016 showed an increased £8.8 million of net debt, Pebble Beach Systems (PEB, then Vislink) announced a $16 million sale of its hardware division, Vislink Communication Systems, to NASDAQ-listed xG Technology, Inc – stating the disposal to see it “be left substantially debt-free and to execute its software transition strategy”. There are now further updates on how this is working out – including a 5:25pm “Response to xG Technology Inc Press Release” announcement. Uh oh…

You'll struggle to find a better copper play than Central Asia Metals

Published 226 days ago

Copper has been showing some signs of weakness in the past week or so following an unstoppable rise from around $2/lb during the early part of 2016, and despite the pullback it is still trading much higher, at around $2.62/lb, as I write this piece.

RedstoneConnect – full-year trading update, where next?

Published 227 days ago

Most recently writing on RedstoneConnect (REDS), I concluded that there looked to be continuing encouraging trading momentum and, at 1.425p, the shares were for watchlists. They were little changed on the noted share price level – before a “Trading Statement” announcement this morning…

Advanced Oncotherapy - Question 16: were you lying on November 24?

Published 227 days ago

Cynical Bear says that I am just being far too kind to Advanced Oncotherapy (AVO) with my 15 questions earlier today. Oddly I have yet to get an answer and nor will I as the company contemplates insolvency and other matters. But back to Mr Bear who says I should have asked a 16th question concerning another possible case of lying.

blur Group – CEO Letts & co excel themselves with a leading contender for ‘Ramparoonie RNS of the Year’

Published 227 days ago

Having last month failed to ignite the share price with a ramptastic “blur engaged with Top 100 UK law firm” announcement, blur Group (BLUR) has had much more success today – on the back of a “blur engaged with Global Electronics Group” announcement, the shares currently 200%+ higher at above 20p…

15 Questions for Advanced Oncotherapy: shares crash as Investor Presentation bombs

Published 227 days ago

For years Advanced Oncotherapy (AVO) has ramped its shares to get away placing after placing with ramptastic investor presentations. But that was before I started asking all those horrible questions for which there was no answer. and Winnileaks started obtaining toxic leaked emails.  Last night the company had a presentation in London. It has another in Zurich this morning. Warning Swiss folk and tax dodgers quotes about the London chinwag include "everyone left unhappy" and from a long term bull "I am just throwing in the towel." The shares have crashed by 23% to 36p bid so far today. The target for me remains 0p. But for those folks going to the Zurich meeting here here are 15 questions Advanced can't or won't answer:

Amryt Pharma - good news completes talks with FDA and EMA: BUY

Published 227 days ago

Amryt (AMYT) has announced that it has completed of discussions with the Food and Drug Administration, the US FDA,  and European Medicines Agency regarding the design of its pivotal phase 3 clinical trial for AP101 as a potential treatment for Epidermolysis Bullosa. The global market for a treatment for EB is, according to Amryt, worth £1.3 billion.

Eden Research – The art of value creation. How a licence worth only £20,000 in June 2013 became worth £600,000 in August 2015.

Published 227 days ago

On 24 August 2015, Eden Research (EDEN) announced its now infamous deal (aka massive panama pump fraud) with TerpeneTech. That fraud is now unravelling big time as explained here. But let us revert to the RNS of 2015 which stated : 

Dialight – 2016 results review as share price recovery continues

Published 227 days ago

Previously writing on LED lighting technology company Dialight (DIA) I noted somewhat of a share price recovery to 759.5p, but that ahead of the results for the 2016 calendar year I avoided. The following now reviews post those results – and with the shares having risen further…

Tom Winnifrith Bonus Bearcast: Independent Resources Group up 569% - complete and utter insanity: do the math!

Published 227 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.

DX Group – from trading despair to planning, er, despair…

Published 228 days ago

Having noted previously justified caution on parcels, mail and logistics group DX (DX.), the shares had edged up to 9.5p before a “Re: Proposed West Midlands Hub” announcement last week…

AIM Fraud Odd one Out Contest results

Published 228 days ago

Last week I asked you explain which of the four companies whose logos I showed ( Globo, Cloudtag, Naibu & Polly Peck) was the odd one out. A few of you were game enough to have a stab as you can see HERE.

BowLeven – CEO Hart claims ‘delight’ with “farm-out agreement”, who does he think he’s kidding?

Published 228 days ago

Kick-the-board-out requisition-pressured BowLeven (BLVN) CEO Kevin Hart is “delighted to be working together with Victoria Oil & Gas to unlock the potential of Bomono… gaining access to Victoria Oil & Gas’s extensive infrastructure and gas marketing experience”. Hmmm, the market doesn’t seem to share ‘delight’ in the deal from your side though Kevin – shares in BowLeven currently more than 7% lower, whilst those in Victoria Oil & Gas (VOG) more than 12% higher…

MetalNRG – “Tiger Woods” is back…..again. Does he still have the magic?

Published 228 days ago

Really pleased to see the announcement from MetalNRG (NEX: MNRG) this morning that Paul Johnson, who I dubbed AIM’s very own Tiger Woods for reasons outlined HERE, is back in a top job having taken on the CEO role at Metal NRG. I’m hoping for good things, Paul.

There's No Business Like this Show's Business - but Your Time is Running Out

Published 228 days ago

Hello Share Riders. I’d been playing the markets for many years before I went to my first investment show in London. Like everyone else in this golden game, I thought I knew it all anyway. Nor did I want to be bored to death by grim-faced grey-suits, all younger than I. But Uncle Tom told me his show was different and I attended my first UK Investor Show four years ago.

Bulletin Board Moron of the Week Sponsored by tomwinnifrith

Published 228 days ago

One Bulletin Board Moron is already under FCA investigation this week for impersonating me and suggesting, inter alia, that Cloudtag (CTAG) shares would treble from here. They won't it is heading to 0p. But whoever tomwinnifrith is is so obviously the moron of the week that everyone else is competing for second place. So nominate away with any example of extreme stupidity from twitter or Bulletin Boards The deadline to enter is midnight on Sunday 5 March. Do your worst in the comments section below.

Opportunities Abound in Mining shares, How To Find Them? Gold, Uranium, and Phosphates

Published 229 days ago

2017 will be a lucrative year, as we have seen the bottoming of the bear market. Uranium appears to have reached it’s bottom in early December. We are in the beginning of a new uranium bull market which should last for three to four years. The agriculture minerals are under-invested and phosphates may be a straight forward play. And gold shares will also have a run.

Advanced Oncotherapy - Death Spiral accelerating, what about the 25p hurdle?

Published 229 days ago

When AIM uber dog Advanced Oncotherapy (AVO) announced that instead of going for non dilutive funding ( as no-one would provide it) it was being forced to resort to a dreadful £13 million death spiral from loan sharks Bracknor, its shares were 65p. When the death spiral started the shares were 58p. Now it just £100,000 of the death spiral loan notes on the first £1.3 million tranche converted, the shares are just 43p to sell. Bracknor now has three reasons to panic.

Lonmin offers a leveraged play on platinum prices

Published 229 days ago

Lonmin PLC (LMI) was one of my best performing share tips during 2016, and following the recent pullback I think it is well worth another look.

Notes from Underground: It's called crowdfunding when we do it

Published 229 days ago

Some of the bulletin board morons have mocked ShareProphets for asking for donations to the Fighting Fund, accusing Tom of having the begging bowl out. The truth is: it works and the alternative is terrifying.

Versarien - another Primary Bid after hours Friday opportunity - sign up now, Sunday 5 PM deadline

Published 230 days ago

This is becoming a regular Friday feature - an after hours offer from Primary Bid for increasingly credible placings. The last one was Ascent at 1.85p - its shares, 3 weeks later, are 2.375p which is great news for our readers who took part. Next up is Versarien (VRS) which is raising £1 million at 15p.

Red Leopard Holdings – if you can’t beat ‘em, join ‘em

Published 230 days ago

My second punt for the weekend is even more rash than my first, but having seen Chris Akers pull off a bit of magic at EVR Holdings (EVRH), I’m struggling to resist a little dabble at Red Leopard Holdings (RLH) which he rescued this week with a £250,000 investment.

Close the Cobham short

Published 230 days ago

The unbelievably benign state of the market was underlined this week by its generous reaction to bad news from Cobham (COB). On good news shares go up big time. On bad news, these days, shares just go up.

Webis Holdings - worth a gamble at the bookies

Published 230 days ago

With Cheltenham Festival around the corner, I thought I’d throw caution to the wind this weekend, cast my cynical nature to one side, and come up with a couple of cheeky punts that I think may pay off. What could be more fitting for my first than the gambling business, Webis Holdings (WEB).

Filthy Forty Asian Citrus – now interims delayed as Casino eviction draws ever closer

Published 230 days ago

ShareProphets AIM-China Filthy Forty poster-boy Asian Citrus (ACHL) updated the market yesterday that in the light of ongoing allegations of fraud which have thus far prevented release of audited accounts for the year to June 2016, it has now concluded that it won’t get its interims to December out on time either. The shares have been suspended since September 28 last year and now with two sets of numbers outstanding and a deadline under AIM Rules of the 28th of this month to meet or face expulsion from the Casino the fat lady is already humming  a merry tune as she gets the lethal injection ready.

Table of shorted AIM shares - to 02/03/2017

Published 231 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Audioboom – claims “impressive KPI performance”, but what about cash?

Published 231 days ago

Shares in spoken-word audio platform company Audioboom (BOOM) are currently recovering above 3p on the back of a “First Quarter KPI Update” announcement. Hmmm, let’s take a look…

Buy Saffron Energy at up to 7p - target to sell 12p within months (or weeks)

Published 231 days ago

We should declare that certain team members have invested in this IPO at 5p The IPO was last week and we tipped the stock on its first day of dealings. The shares are now 7p-7.5p - we do not expect any retracement but if there is and you can buy at 7p or less do so big time. We expect to be advising folks to be banking profits at 12p within weeks. Our tip as of last week reads:

Intercede – following a bullish January announcement, now blames ‘The Donald’ for another profit warning ahoy!

Published 231 days ago

Having previously gone from “well positioned for future growth” to trading “below expectations” in just over 3 months, cybersecurity group Intercede (IGP) has now followed a January announcement of a record $3 million order (“demonstrates that Intercede continues to win orders for its MyID technology platform in spite of the continuing budget constraints within the US Government”) with that “the order book as of 2 March 2017 indicates that, unless further orders are received that can be recognised as revenue in the current period, the revenue outturn for the financial year ending 31 March 2017 will be approximately £8 million”. Uh oh…

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