Results

Frontera Resources - all is not as it seems, No 1 City analyst weighs in

Published 12 hours ago

The fools who own shares in this company and post on the LSE & ADVFN Asylums just do not realise what a mess Frontera Resources (FRR) is in. I explained earlier how this could be a zero HERE. Now we have the take of the City's No 1 oil analyst Zac "the knife" Phillips of SP Angel. Over to the great man...

Babcock International – Boatman Capital publishes bear dossier: here it is in full

Published 13 hours ago

Bear analysts Boatman Capital made the schoolboy error of leaking part of its report to the Sunday Times. The deadwood press is part of the problem not the solution. Thus the Sunset Times scuttled off to Babcock (BAB) allowing the company to spin its side and the paper to run a piece slating the bear commentary.  Such is the sordid state of financial journalism in Britain today. Anyhow for what it is worth the full report is now out and Babcock shares are starting to slide despite the company’s spinning c/o the deadwood press…

Charlie Wood survives Mayan GM but only on a technicality and bent vote claims Align's Jennings

Published 13 hours ago

Charlie Wood the interim CEO at Mayan Energy (MYN) managed to cling onto his role at last Thursday's GM despite the very serious evidence of a massive COI over the Deloro deal which saw his wife get almost free shares in Deloro while Mayan provided most of its funding. So how on earth did Wood win the vote. Richard Jennings of Align, Wood's bete noire, makes some observations:

What I learnt from the Patisserie Holdings shocker

Published 1 day ago

A few days ago I mused upon occurrences at Patisserie Holdings (CAKE)  which I did not own shares in but intrinsically I liked...especially as a customer.  It seems to me that my gut feel back then that the combination of a skilful fraudster, poor internal controls and a professional lack of duty from the auditor all contributed.  As Luke Johnson - Chairman and biggest shareholder - noted in an article in lieu of his Sunday Times column this week: 

Fox Marble – acquisition of joint venture partner adds to prospects - BUY

Published 3 days ago

Fox Marble (FOX) has announced the acquisition of its joint venture partner based at the Prilep Alpha Quarry, Macedonia and “look forward to seeing the benefits of our increased participation in the Prilep Alpha quarry feeding through to the bottom line going forward”. Hear, hear!...

Patisserie Holdings still has a chance to recover

Published 3 days ago

With any company where there has been fraudulent activity you have to consider whether there are more skeletons in the cupboard which could cause a further freefall in the share price when they emerge.

In a Scary Market, Protecting Yourself and Grabbing the Opportunities Hold Equal Sway. Here's How I'm Playing It.

Published 3 days ago

Hello, Share Scrapers. Who among us isn't a bit spooked by issues affecting the global economy? But what should we do to protect ourselves - and make the most of any opportunities? Well, after doing the research and basing predictions on it, this is what I think.

Frontera: More spoofing, more company destroying litigation, no more cash – the Fat lady is warming up

Published 4 days ago

The gyrations in the share price of Frontera Resources (FRR) caused by its latest lie-packed City presentation have forced the company to put out a statement and it makes for truly grim reading. This company is worth 0p per share and in the current climate it may well get there before too long.

OptiBiotix Health - again a buy

Published 4 days ago

Having reached circa 130p in August, shares in OptiBiotix Health (OPTI) have slid to 78p-81p. This is despite a pipeline of seemingly very significant deals likely to be converted and as such…

Veltyco – CEO “resigns” J’accuse

Published 4 days ago

A bad day for diversity as AIM loses a female CEO in the form of Melissa Blau at Veltyco (VLTY). No doubt our wretched Prime Minister Theresa may will be cross about this but folks who care about weeding out failures and rewarding talent rather than daft quotas will not be crying. The question is whether Veltyco’s statement is true or not. Methinks it is not.

Sosandar – a pissed-off bull speaks!

Published 4 days ago

I continue to hold a small parcel of shares in AIM-listed Sosandar. I had been hoping to offload a few more at 50p but in the wake of a placing at 32p and the market sell-off that seems somewhat optimistic for some time to come. Tom Winnifrith sold all his shares some time ago and has commented on the update from the company and the placing at 32p HERE and HERE. So I thought I would throw my 2p worth in as well.

Advanced Oncotherapy – when’s the placing?

Published 5 days ago

Shares in AIM-listed Advanced Oncotherapy are up by 30% today on the back of yet another technological update and a Flash Note from its paid-for research ramper-in-chief GPSL, the second in less than a week. Of course, yesterday the shares were down by around the same amount which all leaves me wondering when’s the placing?

Sosandar – after the pump the dump and an old chestnut of an excuse

Published 6 days ago

Broker Shore Cap insisted that shares in Sosandar (SOS) were worth 50p. Thirsty Paul Scott gushed about how they were potentially worth far more and after such massive pumping the stock hit the mid forties at which point it was valued at around thirty times historic sales. Insanity. And then the shares started sliding, falling from 44p at the start of this month to 36p yesterday. That must have been enough to turn anyone to drink. Whatever could have been happening… oh yes…

Greggs - it is all about winning 'Best Vegan Sandwich'!

Published 7 days ago

The world has turned upside down. Today's trading update from Greggs (GRG) contains the observation that: 'As testament to the increased breadth of our product range, we were recognised at PETA's 2018 Vegan Food Awards and were awarded the 'Best Vegan Sandwich' for our Mexican Bean Wrap'. I know the steak bake fraternity must be revolving in their early graves but I kind of see this as the high point of the turnaround plan at the core of the Greggs story for the last (just under) six years.

AIM- still sliding towards a bear market

Published 7 days ago

Statistics released for the month of September by the London Stock Exchange show that AIM is still contracting. When I wrote about this last month, AIM was already at its lowest ebb since 2004 and the latest numbers suggest that the decline is still ongoing.

Buy the current Vodafone weakness for long term gains and a healthy dividend yield

Published 7 days ago

Vodafone (VOD) has had a very weak year so far and the share price has been dropping steadily, but I believe that it can still turn things around longer term.

Tern - Shocking Device Authority FY17 accounts released

Published 7 days ago

AIM-listed IoT investment company Tern (TERN) has seen its shares dropping again, despite the calls to Tom Winnifrith saying how shorts are being called in. That might put an upward pressure on the stock, but there is plenty down pressure too – and that includes today’s unaudited and abridged accounts for FY17 from principal investee Device Authority.

Royal Mail is Not Delivering the Same Profits as 2017 and May be Given a Miss

Published 7 days ago

Hello, Share Spinners. With the shops already beginning to stock up Christmassy things (shame!), businesses significantly affected by the Yule spirit will soon begin to bounce up. Or not fall as quickly as they might have done, according to their own unique circumstances. One such company is Royal Mail (RMG).

Tom Winnifrith Bearcast: Hey Robbie Burns are you Darren Winters in a cheap suit? And why First Derivatives shares should more than halve!

Published 8 days ago

Apparently Robbie Burns, The Naked Trader, is giving Darren Winters style uber expensive and useless trading courses at which he terms me a drunk. Hmmmm... As a sub 5 units a week man, my PA investing is not going so badly that I have to resort to being Darren Winters in a cheap suit.  The bulk of this podcast is on First Derivatives (FDP). After yesterday's bombshell expose I explain why the shares - down 25% last week - could easily more than halve again from here. 

Union Jack Oil – equity raise, though for a farm-in which adds to material potential catalysts; Buy

Published 10 days ago

Union Jack Oil (UJO) is “pleased to announce that the company has agreed terms… on a proposed farm-in for a 16.667% licence interest in PEDL183… located onshore UK in East Yorkshire”, with this accompanied by a £2.25 million equity raise…

Standard-listed AIQ – gravity starting to assert itself

Published 10 days ago

The shenanigans of the Standard-Listing of AIQ are well documented here on ShareProphets, which included an incomplete prospectus, two suspensions due to a disorderly market (the IPO shares couldn’t be traded) and a fund-raising which was delayed – all in its first five months as a listed company! Meanwhile, with assets (all cash – it is a cash-shell) of around 8p a share, the price rocketed to an incredible 135p. We have been saying sell all along.

Tlou Energy has the ingredients in place to be successful - speculative long-term buy

Published 12 days ago

In Africa things always tend to take far longer than people expect, and even more so when it comes to anything in the natural resources sector. Interest in, and the share price of, Tlou Energy (TLOU) seems to have waned and I think that has largely been as a result of some having far too optimistic timescales with regards to the company’s coal bed methane project at Lesedi, in Botswana.

Things look very bleak for Bellzone Mining

Published 12 days ago

It never ceases to amaze me how much of a gamble some PIs will take with their money, even when the company itself has warned that it is in real trouble and it is almost impossible to see a way out of a bad situation which would result in a higher share price.

Sell Orosur Mining before the hype over the Newmont deal subsides

Published 15 days ago

Orosur Mining (OMI) has been a big disappointment for me as it was one of the small AIM miners which I thought had a chance of actually going on to bigger things.

Columbus Energy Resources – interims, remains news flow potential aplenty - BUY

Published 17 days ago

Columbus Energy Resources (CERP) has announced results for the first half of 2018 and that it continues to progress activities to achieve sustained production growth…

Getting sleazy with easyJet

Published 17 days ago

We all love to hate the low cost airline carriers but at least easyJet (EZJ) has not completely shot itself in the foot like its great peer Ryanair (RYA) which appears incapable of having even half reasonable internal labour relations.  EasyJet has also been smart in taking advantage of some airline sector developments by hiring staff from the failed UK airline Monarch and buying assets in Germany following the Air Berlin bankruptcy.  

My 'Northern Offensive', Non-Scientific View of Why Shares Will Continue to Rise for Some Time Yet.

Published 17 days ago

Hello, Share Riders. My very recent 'northern offensive' to the Scandinavian countries and Russia has strengthened my happy suspicion that the world economy is forging ahead. And if the world’s GDP is growing, so will global share prices. And that surge will drag up British stocks, even if our own economic growth continues to be dire. TW Note: stop reading the fecking Guardian, the UK economy is still growing at a rate most European countries would envy. No more fake news please.

Zac I know you are house broker but “you cannot be Serious” re Curzon Energy & Cabot

Published 17 days ago

I feel rather sorry for the City’s Number 1 oil analyst Zac Phillips today. Not only is his company retained adviser to Cabot Energy (CAB) but also to Curzon Energy (CZN). Thus he has to gush enthusiastically about both with boss John Meyer sitting there holding a gun to his head and waving a black bin liner with Zac;s name on it menacingly, as the poor analyst writes his morning comment.

The beginning of the end for pothead liar Elon Musk and Tesla - the SEC Swoops

Published 18 days ago

The Securities and Exchange Commission, the SEC, has announced that it is to sue Elon Musk and Tesla (TSLA) for fraud and wishes to bar the pothead liar Musk from running a public company The news saw the shares tank by $37 to $270 in after hours trading but this is just the beginning of the end for the porky pie merchant and his out of cash and drowning in debt company.

Brian McMaster of Jangada Mines is a lying bastard who should be charged like Elon Musk after bailout placing at 3p

Published 18 days ago

Back in June I wrote a piece suggesting that Jangada Mines (JAN) would raise further funds at a significant discount, and at the time I was shot down by many, including some market commentators.

Mirriad parts company with CEO just 9 months after disastrous IPO, cash spunk up to £1m pcm

Published 18 days ago

Cynical Bear warned you that the 62p per share, £63 million, IPO of Mirriad Advertising (MIRI) would cause tears before bedtime. Obviously not for IP Group (IPO) which was able to justify its daft pre IPO investments in relation to that crackers listing price. Nor for Nomad and broker Numis or PR parasites Hudson Sandler which will have earned fat fees for the listing. Coke and hookers all round for the crony capitalists.  But for anyone dumb enough to buy the stock since the IPO this has been a horror show. The shares are now just 30p mid, they have more than halved in ten months on the AIM Casino. So what’s today’s news? It is bad, natch.

Haydale – ramped after hours by Hardman, it didn’t work…..SELL

Published 19 days ago

Yesterday at 5.20pm – no-one-is-watching o’clock – paid-for research house put out some piffle about AIM-listed Haydale (HAYD). The shares are attractively valued compared with their peer group, on P/NAV and EV/sales, and also on a DCF basis don’cha know. Well, maybe – apart from the fact it is loss-making, going to run out of cash and the last placing was at a 32% discount! If the company thought that would get a lift in the share price, I’ve got bad news….

FastJet (yet again) warns it could be tits up within weeks

Published 19 days ago

The journalist smearing PR bastards at Citigate Dewe Rogerson snuck out results from FastJet (FJET) just after noon hoping that the whole world would be on a lunchbreak. Not only are the numbers utterly shite but having raised $10  million in July the company now ‘fesses that it needs more cash by the end of October or it will be once again at the cul de sac at the end of tits up alley. Disgraceful.

Petropavlovsk – “significant progress” with a “key objective” - BUY

Published 20 days ago

The recently returned management at Petropavlovsk (POG) are “pleased to have made significant progress” with one of their “key objectives” - “to achieve a solution to remove the company's guarantee of IRC's borrowings”

Why I would short Time Out Group

Published 20 days ago

Time Out Group (TMO) is a name that most people will be familiar with, as many of you will have used it when travelling around the world to make the most of wherever you are staying, and to discover local attractions and restaurants.

Edenville Energy looks a long way from becoming profitable - avoid

Published 21 days ago

If AIM gave out awards for achieving little and issuing billions of shares, then Tanzanian coal miner Edenville Energy (EDL) would be high up the list to receive one!

Versarien – I told y’all

Published 22 days ago

Versarien (VRS) is the reason why everyone should sign up with Primary Bid right now. Most Primary Bid offers are ones that I have no hesitation in telling you to avoid like the plague, being trapped in a lift with Emmanuel Macron or both. But just occasionally one comes along that is really worth punting on. I told you on Friday that Versarien was almost certainly in that category HERE. Today I am vindicated.

Is Sky the first FTSE-100 name headlining a deal Sunday?

Published 23 days ago

So we wake to Sky (SKY) having a new owner, as media behemoth Comcast beat another media behemoth Fox (in effective combination with Disney) in a blind auction for Europe's biggest satellite TV operator.  Boy did it pay up though.  Comcast won with a final bid of £17.28 a share, versus a Fox bid of £15.67 a share for the 61% of Sky it did not already own.  So if you own Sky shares...well done.  As I own Disney shares, I feel more relief that it did not massively overpay (Disney is already buying a bunch of assets from 21st Century Fox and is in the throes of launching its own streaming channel to compete with Amazon and Netflix, so it has enough on its plate). 

Big Sofa and PepsiCo – too little too late but we are not selling

Published 24 days ago

Big Sofa (BST) proudly announces a deal with Pepsico. The folks who run this company really do know how to piss off their long-suffering investors don’t they?  You will remember how we shareholders were guided that the company would be announcing multiple deals worth seven figures per annum with big names. They simply have not arrived.

Minoan – it’s “pleased” re travel business sale agreement. We’re not! But...

Published 24 days ago

Minoan Group (MIN) “is pleased to announce” that it has entered into a conditional agreement for the sale of its travel business – emphasising it will “allow the directors to concentrate their efforts on optimising the value of the group's project in Crete and its monetisation for the benefit of shareholders”. However, the shares are currently significantly lower, at around just 4p…

Woodford Patient Capital Trust and Industrial Heat – this hilarity has made my day

Published 25 days ago

Just when you don’t think that the goings-on at Woodford Patient Capital Trust (WPCT) can get any more surprising, an RNS comes out of nowhere to make everything right in the world, relating to the unloved holding Industrial Heat. It seems that Neil Woodford can bend the laws of physics after all!

Rockrose continues to impress with its rapid expansion - buy

Published 25 days ago

With oil prices remaining buoyant and this trend looking likely to continue going forwards, there are still plenty of opportunities to invest in companies in this sector.

Tom Winnifrith Bearcast: I stand with Donald Trump & the Minoan chairman is my friend but...

Published 25 days ago

In today's bearcast I look at the danger of a stockmarket crash in light of a tweet from the great Donald Trump earlier today. I cover N4 Pharma (N4P), cue smutty schoolboy jokes as its shares flop, and then I take a detailed look at today's news from Minoan (MIN). If I was a shareholder I would be seething but should I be selling?

WPCT Interims: Some good news but a few questions

Published 25 days ago

Following my piece this morning on Woodford (HERE), I note that Woodford Patient Capital Trust (WPCT) published its interims at the rather odd time of 9.45am today which ruins my competition to some extent. Anyway, there is some good news in there that I am happy to report but it still begs a few questions that I am also happy to ask in my general nit-picking way.

Woodford Patient Capital Trust: The Big Short (August update) – Neil Woodford needs a break….and fast

Published 26 days ago

With the end-August portfolio listings coming out yesterday, it is time to update the story and it is not looking any rosier. In fact, quite the reverse. I think matters may be coming to a head here and I reckon Woodford needs a lucky break for once and pretty damn quickly.

Elektron Technology – results see “retains its positive outlook”, so why the share price decline?

Published 26 days ago

Elektron Technology (EKT) has announced results for its half-year ended 31st July 2018 and that “the board retains its positive outlook for the second half and in delivering results in line with recently upgraded market expectations for the full year”. The shares have responded, er, 7% lower, at 45p – to give a market cap just shy of £84 million…

Versarien: How are these collaborations coming along, Neill?

Published 26 days ago

A couple of months on from the well-received annual results of Versarien (VRS) on 19 July, the share price has risen to even higher levels from when I initiated coverage (HERE), now valuing the graphene part of the business at well over £200 million so I thought I’d pose a simple question to CEO Neill Ricketts – how are those collaborations coming along?

Tern – how truly open is its planned conference call will it answer Nigel’s questions?

Published 27 days ago

I see that ShareSoc is praising Tern (TERN) for holding a conference call to which anyone can dial into and at which Al Sisto will answer pre-submitted questions. I wonder..

RM2 – Wins "Significant" Contract er... whatever it is still 5 minutes from bankruptcy

Published 28 days ago

Shares in Neil Woodford uber dog RM2 (RM2) are up by 59% at 0.875p. That means that the market cap has jumped by £14.4 million to £38.8 million on the back of a contract win termed “significant” but which clearly is not and does not change the fact that this company is five minutes away from midnight, that is to say bankruptcy. It’s got to be placing ahoy.

Malcolm Stacey heads to Russia in search of the Magic Money Tree Part 1

Published 28 days ago

Mrs Stacey says that I have been spending too much time in the Punter’s Return reading dull articles about shares and that we need a break. She says that I need inspiration for my next novel and so has suggested that we head off on one of those holidays advertised during Midsomer Murders for a more mature and sophisticated audience.

Purplebricks – you shout about good news you sit on bad news: keep selling

Published 28 days ago

In 2017 Purplebricks (PURP) held its AGM on 29 September and pushed pout an H1 trading update on November 6. The news was not blisteringly good but enough lipstick was put on the dog to fool the sell side analysts. Wind forward 12 months…

Imaginatik – Vin Murria is a total genius but not enough of a genius to walk on water

Published 28 days ago

Shares in Imaginatik (IMTK ) are off by 10% today at 7.625p on news that Vin Murria will, if she goes ahead, invest in new shares to take a majority stake but at 2p, not at 2.5p.  Still the price is nonsensical.

Frontera Resources falls out with Yorkville which calls in $2.65m debt – it is fecked, will Nomad Cairn walk?

Published 29 days ago

In the end the chaps at Nomad Cairn walked from Cloudtag (CTAG) when it was clear that it was a fraud run by liars. Frontera Resources (FRR) is a shit show run by liars and a fallout with death spiral provider Yorkville (YA) today could be the final straw for Cairn – might it resign leaving the (worthless) shares suspended? Or will Frontera just go bust?

Chris Oil, for it was he, and the Angus Energy market abuse

Published 29 days ago

Brokerman Dan Levi has again today insisted that Angus Energy (ANGS) is doing a placing. It will clearly have to do one at some stage soon but right now Daniel is being played, as was I last week. I sense market abuse here and once again the name Chris Oil, a man with form when it comes to market abuse and other nonsense, comes to the fore.  As a reminder

Atalya offers good exposure to copper plus has plenty of growth potential

Published 29 days ago

Spanish copper miner Atalya Mining (ATYM) has seen its share price drop back recently, but then the situation has been similar on most producers in this sector and has come as a result of weakness in the commodity price rather than anything company specific.

RM2 International: Interims as bad as expected, I reckon Woodford is tempted…

Published 32 days ago

Following the poor trading update last week from RM2 International (RM2) that I covered HERE, its interims were issued this morning and are largely as expected but still worth a quick look and it’s time to place your bets as to whether Mr Woodford is going to throw another $17 million in to the pot.

Xeros Technology Group: More cash please, Mr Woodford

Published 33 days ago

Nice of Tom to set me up for this one today with his preview yesterday (HERE) and, to no-one’s surprise whatsoever, Xeros Technology Group (XSG) published its interims this morning showing continued significant cash-burn and a need for another chunk of dosh from Mr Neil Woodford and his pals.

Sosandar – in two minds as we approach the AGM

Published 33 days ago

Shareholders in AIM-listed Adam Reynolds stable Sosandar (SOS) have an AGM to look forward to next Tuesday, and I am very hopeful that a trading update will accompany proceedings. At the last count the company reported quarter on quarter growth of 70-odd percent – a remarkable achievement, even for a near start-up. The market is clearly hoping for more of the same, although I’m not sure that rate of growth will have been repeated over the summer holidays. But it has been growing like mad – and we loyal shareholders have done very well.

Video: Steve O'Hara of Optibiotix - am I selling or buying?

Published 33 days ago

Having top sliced our holdings in Optibiotix (OPTI) a few weeks ago I see the shares are back at 94p today despite it having served up cracking news last week. I am asked if I am panicked? Not at all. I fully expect the shares to bounce sharply on more good news. Are we buying more? No I stated clearly, I wanted to build up our cash reserves as I am worried about the market. That has not changed.  Yesterday CEO Steve O'Hara did an interview with Proactive and if you are worried watch it, below, and you should be greatly reassured.

I'm a fan of the Aston Martin brand but won't be tempted by the IPO

Published 33 days ago

I’m a big fan of Aston Martin cars and it is one of the most famous brands from the UK, but I can’t see myself rushing to buy shares when the IPO takes place in early October. More details on exactly how the floatation will be structured should become available when the car maker publishes a prospectus around September 20, but it is expected that it will be seeking a valuation of around £5 billion.

Xeros Results tomorrow – share price tells you that this Woodford dog is almost out of cash ( again)

Published 34 days ago

No doubt Cynical Bear who has called Xeros Technology (XSG) superbly, as a sell, will be a smug fellow tomorrow as this Neil Woodford Dog announces its interim results. The share price action is telling you that folks already know the worst – shareholders have to bail it out again or it will be going down well before the Christmas decorations go up.

TrakM8 AGM – another day another profits warning on the way

Published 34 days ago

My long term bearishness about TrakM8 (TRAK) a company that issues misleading RNS’s, makes ludicrous acquisitions as it racks up its debts and never translates profits (a matter of opinion) into cash (a matter of fact, unless you are an AIM China fraud) is well documented here.  Of course,  Thirsty Paul Scott had cosy chats with the management and knew better than a "nutcase of the first order". Today the shares have tanked to a new multi year low after another dire statement.

Tom Winnifrith Bearcast: Roger Lawson says the mainstream press thinks TW is a "nutcase of the first order"

Published 34 days ago

I start with a reflection on 9/11 and the Orwellian claims to be fighting terror as discussed in more detail HERE. Then it is onto Roger Lawson of ShareSoc and his claims of how the mainstream press view me. Heck if they really thought that why do they keep lifting our stories and running them as their own work? Whatever. I regard the MSM as part of the problem of stockmarket corruption and not the solution and explain why. Then it is onto UK Oil & Gas (UKOG), Toople (TOOP), Oneview (ONEV) and a real problem with Nomad resignations on the AIM Casino, Frontera (FRR) and Online Blockchain (OBC) where directors really need to Show Me The Money or the shares will carry on sliding.

When you think the law fails you it is time to take it into your own hands - Big Dave Lenigas is...Charles Bronson

Published 35 days ago

Having failed to ramp shares in UK Oil & Gas (UKOG) on the back of its utterly misleading RNS yesterday, an episode discussed at length here, Big Dave Lenigas tried to deflect attention by launching an amazing twitter rant at anti drilling protesters at Horse Hill. It started off as only semi-Musk but by the end, as you can see below, it was alarming.

I would continue to avoid Koovs until it proves that it can turn the business around

Published 35 days ago

I came in for a fair bit of criticism when I covered Indian fashion retailer Koovs (KOOV) negatively and suggested it was a sell or avoid back at the start of July. Since then the share price has pretty much halved from the 20p level that it was trading at, so I feel that my criticism of the company was justified, and my view has been vindicated – hopefully some of you who have read my articles and were holding at the time also saved yourselves from seeing the value of your investment halve. A number of people have been asking me what my view is of the company now that the share price has dropped back to around 10.6p to buy, so I felt that it was time to take another look.

Elon Musk's biggest fan in Greece updates his facebook page - crime does pay for Costis the Globo fraudster

Published 36 days ago

Elon Musk might be forgiven for thinking that few in the business community still lve him. But he does have fans. Step forward Costis Papadimitrakopoulos the founder and CEO of Globo (GBO) which raised tens of millions of dollars in debt and bvia issuing shares on AIM and claimed to have net cash but er... did not. It was a fraud and Costis took stacks of that cash and also sold all his shares before the balloon went up after being tipped off by snot gobbler Dan McCrum lof the FT. Anyhow Costis has been busy on facebook updating his profile last month as you can see below.

WPCT and BenevolentAI – The spoof continues with results out showing, um, very little

Published 36 days ago

To emphasise the point about the contrasting investment strategies of Neil Woodford and Terry Smith that I covered earlier today, I thought it appropriate to cover the health-tech AI spoof, BenevolentAI, that has just filed its results for the year to 31 December 2017 at Companies House (HERE). I am still struggling to find any evidence of anything other than a reasonably good concept here.....and it’s meant to be worth $2 billion!

Kefi – another small step forward: BUY

Published 38 days ago

We shareholders in Kefi (KEFI) are suffering an unusual torture, that is to say we can see the prize, a final go ahead for the Tulu Kapi gold mine in Ethiopia almost within our reach but just as we extend our hands there seems to be another delay. But the big last piece of the jigsaw (confirmation of project funding) is almost upon us so in the meantime we have to be content with minor titbits.

Shares Have Taken a Tumble, but Here's Why There Could Be a Big Bounce Back.

Published 38 days ago

Hello Share Carpeters. The Footsie led a disappointing dance downwards last week. But will the slide continue? I don’t think so. There is still a lot of unjustified fear over Brexit. There is still overdone anxiety over trade wars. And while the City is worried stiff over these issues, the bulls among us are cheerfully listing the market’s plus points.

Sirius Minerals – announcement includes “significant steps forward for the business”… so why a share price slump?

Published 39 days ago

“Procurement and capital estimate update” announcement from Sirius Minerals (SXX) sees CEO Chris Fraser commencing comment by emphasising “the signing of the contracts for the remaining tunnel drives and the materials handling facility at Wilton are significant steps forward for the business with almost all procurement now complete”. However, the shares have responded currently circa 10% lower, to around 30p. How’s that capital estimate then?...

Conroy Gold – Share Talk - sordid ramping at the bottom end of AIM

Published 39 days ago

Share Talk is a website that takes money from, usually, crap companies. It does not appear discerning. If you are a PLC with a cheque book come on down! It does not disclose its business model and it then provides what it terms “the Independent voice across social media” or what you and I would term sordid share ramping. Shares in Conroy Gold (CGNR) are up 30% today to 13p to sell thanks to such ramping. But before you get too carried away….

Sefton Resources – Jimmyliar Ellerton shares confiscated, yours may be forcibly bought back

Published 40 days ago

And you thought the pantomime was over… now unlisted and registered in the BVI the latest developments at Sefton Resources (SER) are, predictably amusing. When Sefton was booted off AIM it had 4.8 billion shares in issue. Until the other day it appears to have had almost 9 billion pieces of confetti in issue. But that is set to change.

WPCT: This is going to be a difficult month for Neil Woodford – let’s play I-Spy

Published 41 days ago

I smiled at yesterday’s announcement from Woodford Patient Capital Trust (WPCT) summarising the “summer of milestones” achieved across the portfolio as I imagine that is just buttering up the audience before the bevy of bad news hits. From my point of view, September is going to be a hellish month for Mr Woodford so welcome to ‘I-Spy Woodford’s September Hell’

Great deal for Hurricane Energy - buy

Published 42 days ago

All of the focus has been on Hurricane Energy’s (HUR) Lancaster licence, and although its other assets looked very good I wasn’t expecting further progress quite so quickly.

Reach4Entertainment – live entertainment PR agency expansion: BUY

Published 43 days ago

On appointment last October, we explained why we considered the new CEO of Reach4Entertainment (R4E), Marc Boyan, an impressive chap and on results in May significant potential in the expertise here being “employed to service a broader set of customers beyond our existing base”. There’s now an “r4e launches live entertainment PR agency” announcement…

I fail to see why anyone would invest in PCG Entertainment

Published 44 days ago

The AIM market is full of companies that promise the earth from various deals and contracts, yet very rarely do any of them actually deliver what is expected.

Whitbread, Costa, Beaufort, a Very Nice Perk and Me

Published 45 days ago

Hello, Share Markers. I admit it. The reason I bought into Whitebread (WTB) a year and half ago was to bag the shareholder perk of one night for the price of two at its Premier Inns. With it came money off at its various restaurants and a voucher for coffee at Costa.

I have to wonder how Andalas intends to fund any actual work at its new licences

Published 47 days ago

Andalas Energy (ADL) has undergone a change of management and has also switched its asset focus in an attempt to turn things around from the disaster it has been ever since it changed its name from CEB Resources back in late 2015.

KEFI Minerals – Tulu Kapi financing progress, shares up but looks much more to come: BUY

Published 49 days ago

KEFI Minerals (KEFI) “is pleased to report that it has now signed the Detailed Heads of Agreement with the Ethiopian investors” – and that they intend to invest $30-35 million (Birr-equivalent) via a company (‘ANS Resources’) which is in the process of incorporation…

Fresnillo offers a great way to have some silver exposure in your portfolio

Published 49 days ago

Silver has performed very badly in recent months and has hit the lowest levels that we have seen since the start of 2016, but there are plenty of reasons why you should have some exposure to the metal in your portfolio. 

Tom Winnifrith Bearcast - equity markets tell you Andrew Monk & Malcolm Stacey are complacent and wrong and residential property is facing a big sell-off

Published 49 days ago

I note Chris Bailey's excellent article earlier, HERE, and have to say he is bang on the money and those who advise buying housebuilding shares such as Andrew Monk and our own Malcolm Stacey are very wrong. The equity markets are telling you there is a stack of trouble ahead.

Keep buying Central Asia Metals for long term rewards

Published 50 days ago

When you find a resources company that has plenty of growth potential and you like both the fundamentals and the management team behind it, then it often makes sense to build up a long term position in it over a period of time.

Tom Winnifrith Bearcast: Elon Musk pulls "funding secured" Tesla bid, lies and heads for jail - Tesla shares to crash, a zero possible

Published 50 days ago

Natch the news came not via an official statement but via a blog post at 11 PM, no-one is watching o'clock. Musk is a slam dunk for jail, the rest of the Tesla (US:TSLA) board may join him, and Tesla is finished, it could well be a zero. All is explained in my latest podcast.

Sosandar – is Tom Winnifrith “nutso” to sell out? Possibly, but it is time to sell another slice

Published 51 days ago

My piece on AIM-listed Sosandar (SOS) Friday seems to have sparked a bit of interest. Noting that the shares had closed at an all-time high and with the date of the AGM just announced (and presumably another trading update), I reckoned it was a strong hold with a view to selling a portion at 40p. The shares duly put on another 10%, causing a smile at Deputy Sheriff Towers, but Tom Winnifrith sold all his Sosandar shares. Meanwhile Thirsty Paul Scott thinks it is a “hold forever” stock. Who is right?

Bahamas Petroleum is screwed unless it can conclude a farm-out

Published 51 days ago

When Bahamas Petroleum (BPC) announced a confidentiality exclusivity agreement back in May I expressed scepticism as to whether that would actually result in any sort of farm-out deal ultimately being concluded.

Tom Winnifrith Bearcast: why I am selling shares in Sosander and others - 25% chance of a stockmarket crash by Christmas

Published 52 days ago

Nigel and Thirsty Paul Scott may think I am nutso but I explain the specific threats to the Sosander (SOS) share price that caused me to bank spectacular gains - one threat is an overall market crash, I discuss how likely that is and what you should do before and after

Live Company Group: I confess, I confess – lock me up!!

Published 52 days ago

I had a bit of a surprise when clearing my desk, but I have to confess a mortal sin. I had a few shares in AIM-listed Parallel Media Group (PAA) dating back to before ShareProphets was founded. To be kind, the shares didn’t exactly perform and I got rid of them. Or I thought I had.

Sorry Nigel & Thirsty Paul but I’ve sold all our Sosandar

Published 52 days ago

Nigel Somerville says that he is hanging on for much more and his patience may be rewarded. Thirsty Paul Scott speaks to Sosandar (SOS) bosses regularly then updates his fellow morons  on the ADVFN Bulletin Board. “Nudge, nudge, wink, wink, I speak to management regularly and it will all be brilliant” says Thirsty Paul. Whatever…

Tom Winnifrith Bearcast - Justin the Clown who proves he cannot count to ten live on air interviews a shameless John Meyer of SP Angel

Published 53 days ago

This may be the main bearcast or it may be a bonus. It all depends on how I feel and daughter Olaf feels after I pick her up at 4.30 AM Athens time in the Greek capital. In this I look at Falanx (FLX), the red flag of a rapid change in advisers ref Halosource (HALO) but also in more general terms and then at a shameless performance by John Meyer of SP Angel as he is interviewed by Justin the Clown over Bluejay (JAY). Meyer is at best an idiot, at worst he is covering up for what appears to be market abuse by his employer in relation to Bluejay shares. I will not let this one go. The clown's podcast is torture to listen to but can be found HERE if you feel you deserve 20 minutes of torture.

Biome Technologies: With 100% in the bag, it’s time to take a little off the table

Published 54 days ago

I first tipped Biome Technologies (BIOM) last November at about 215p and tipped it again at 260p earlier this year (HERE). With it more than doubling up from my first tip, I’ve hit my initial target and although there could well be more to come, I suggest that some form of top-slicing before the results in a couple of weeks might make sense.

EVR Holdings - a long way from justifying its current valuation?

Published 54 days ago

It isn’t unusual for tech stocks to trade at a very large premium to the actual fundamentals in the early days as value is largely based upon the growth potential, but at some point they have to start showing that they are going to be able to justify the valuation being placed upon them.

Is Andalas over-egging the Badger pudding? Another pre placing ramp exposed

Published 55 days ago

I do not wish to fall out with my pal Brokerman Dan or with PR Genius Steffi but I think that their enthusiasm for Andalas Energy (ADL) is misplaced because the company is just not being 100% upfront with investors about its new great hope, the Badger prospect in the North Sea.

Woodford Patient Capital Trust: The Big Short (July update) – Is the Equity Income Fund bending the rules again?

Published 55 days ago

There is good news for Woodford Patient Capital Trust (WPCT) in the end-July portfolio listings that came out yesterday, ironically due to a bit of help from the Woodford’s flagship fund, the Equity Income Fund. More interestingly, I think I have finally worked out how the Equity Income Fund is getting round its 10% unquoted stock limits which makes shocking reading if correct.

Strat Aero – a tacit admission that it will be out of cash within months

Published 55 days ago

AIM Cesspit poster boy Strat Aero (AERO) has today announced that it has upped its stake in Gyrometric Systems Limited from 36.9% to 57.7% by issuing £273,000 “worth” of worthless pieces of confetti ( 23.8 million shares). Whoopie do.

Canadian Overseas Petroleum still looks a long way from producing any oil

Published 56 days ago

I’ve been bearish on Canadian Overseas Petroleum (COPL) for some time now, and recent developments have done nothing to make me change my stance on the company, particularly with regard to its operations in Nigeria.

Sensyne Health: A great IPO for Woodford but is it a Purplebricks or RM2 International from here?

Published 58 days ago

Turning to my third, and the most recent, quoted constituent of Woodford Patient Capital Trust (WPCT) this weekend, I thought I should give a warm welcome to Sensyne Health (SENS) that joined AIM on Friday at a very nice valuation indeed. It’s good to see that the words ‘healthtech’ and ‘AI’ are able to suck in as much dumb money from the markets these days as the word ‘blockchain’!

Thin Film Electronics: A classic Woodford cash-burner, probably his best!

Published 58 days ago

Continuing my leisurely weekend stroll through the cash-guzzling listed stocks in Woodford Patient Capital Trust (WPCT), I’ll look at his second Norwegian dog, Thin Film Electronics, as its half year results came out yesterday.

Idex: Worst quarter in a decade – guess how much it’s worth?

Published 59 days ago

Neil Woodford doesn’t have many quoted stocks in Woodford Patient Capital Trust (WPCT) but I thought I’d look at three classic picks this weekend, two of which I’ve touched on before, the third being a brand new entrant. I’ll start by catching up with the two Norwegian quoted companies in the portfolio – first up, Idex.

Tom Winnifrith Bearcast: Stacey & Trump wrong, Bowden misguided & Musk just Nutso - Tesla to $0?

Published 59 days ago

In today's bearcast I explain a few flaws in today's article HERE by Malcolm Stacey on Brexit and shares. And why, for once, Donald Trump calls it wrong when he says companies should report less often. Then I take on Mr James Bowden of Stockemndation after his latest article HERE -why brokers and newspapers are to be ignored when they say BUY. Finally Tesla and Elon Musk, I look at the latest developments at Musk's clear mental breakdown (I should know about it, but it was six years ago for me) and at why Tesla could be a zero and far faster than folks think.

Three shares with perfect tipster ratings in 2018

Published 59 days ago

Here are three shares which everyone tracked by ourselves seems to love. And I mean everyone...

Still Worried About the Brexit Bogie on Your Shares? Well I'm Not.

Published 59 days ago

Hello Share Clumpers. Whether or not you voted for Brexit doesn't matter. What we supporters of this magnificent website want to know is how will our shares be affected. Both in the run-up to that scary March 29th date and afterwards.


Bluejay Mining - The lessons

Published 60 days ago

I had not realised that shamed tipster Mike Walters of Minmet, Polly Peck, 3DM (and the rest) infamy was promoting Bluejay (JAY) but the kiss of death from Old Mother Walters is just another massive red flag. With disgraced Nomad SP Angel of MySquar infamy still refusing to say whether it dumped millions of shares while urging clients to buy, this stock is uninvestable. In that light I bring you a piece out yesterday from Richard Jennings which adds to the growing bear case. Over to the boss of Align Research... 

Tom Winnifrith Bearcast, Jim Mellon, SalvaRx and the lessons from the todger spray episode

Published 60 days ago

In today's delayed podcast I look at the lessons for SalvaRx (SALV) from the Plethora (PLE) & Regent Pacific episode and ask what is happening at Regent as its shares continue to slide? I also look at the increasingly confused picture at Online Blockchain (OBC) and then ponder why CEO's should not be a guide to share prices or when to sell, ref Optibiotx (OPTI), noting also today's events at Skinbiotherapeutics (SBTX)

Why I would add more Randgold Resources whilst it is relatively cheap

Published 65 days ago

When a sector is showing weakness it can be tempting to sell up and move into something else, but often if you are in for the longer term then this is actually the time to be adding to your investment.

North Midland Construction – shares soar on interims and there may be further upside, BUT…

Published 65 days ago

Engineering and construction company North Midland Construction (NMD) has announced results for the first half of 2018, including emphasising “our focus on margin enhancement (104% ahead of last year) and cash generation (138% ahead of last year) is beginning to show returns and is anticipated to continue going forward”…

Rotala – half-year results, “confident about the prospects” - BUY

Published 65 days ago

Rotala (ROL) has announced results for its half year ended 31st May 2018 and that it is “confident about the prospects of the group in 2018 and beyond”

With Share Prices So Perky, How About a Few Tips on How Many Stocks You Should Turn into Cash?

Published 66 days ago

Hello Share Swampers. Ok, so you're wise enough to subscribe for less than £1.50 a week to this wonderful website for quick news that the share you bought is unreliable - as so often happens. But are you wise enough to hold the correct proportion of your assets in cash to suit the current share climate? If you're not certain, allow me to remind you of some classic tips.

Why I think Hurricane Energy really is worth nearly £1 billion and maintain a conviction buy

Published 68 days ago

Regular readers of ShareProphets will know that I am usually very wary of any natural resources company that isn’t actually producing anything, especially if they are valued in the hundreds of millions.

BlueJay Mining - the 1 simple question SP Angel refuses to answer - why?

Published 69 days ago

My patience with BlueJay Mining (JAY) and its Nomad and broker SP Angel is now wearing thin. Yesterday I explained how the two grotestquely misled investors with an RNS. I have emailed John Meyer at SP Angel today with a follow up question which he and his firm just seem unwilling to answer. It is a critical question and the silence is deafening.

Imaginatik – at 10p to buy, this is surely insane!

Published 69 days ago

AIM-listed former Rob Terry stockmarket darling Imaginatek (IMTK) has been on a glorious run since it first emerged that Vin Murria might take the helm and use it as her new vehicle. Of course, that is really good news for Vin Murria walks on water, but 10p to buy? Surely you’re ‘avin’ a giraffe!

No surprise to see the deadline for Nu-Oil's farm-in expire!

Published 69 days ago

The only real surprise with the RNS that was issued by Nu-Oil (NUOG) this morning was that investors were actually surprised that there had been further delays to the farm-out process and completion of the work at its well in Newfoundland!

Photo Article: Cynical Bear does the decent thing on Optibiotix

Published 70 days ago

For eons Cynical Bear has made one of his seven things that will never happen series, that Optibiotix (OPTI) shares would not reach 100p. As you may have twigged, they have reached and now breached, closing last night at 124p. And with a very pregnant deal pipeline so a stack of RNS's on the way, we who ignored the old Bear are feeling happy. I teased him that by way of apology he should send a bottle of ouzo to Sheriff of AIM Towers. He is a good man old Cynical Bear. Late last night, guess what arrived...

Argo Blockchain - 195% upside in share price claims Gollum

Published 70 days ago

We had the bear case on Argo Blockchain (ARB) from Cynical Bear over the weekend, I corrected a few points in bearcast yesterday but admit that I am clueless about my first blockchain stag. Now we have the bull case, 195% upside from 12.5p. The shares are now 13p. I should caveat that the detailed research report below was penned by the dribbling refugee from the Northern slums, the widely despised Richard "Gollum" Gill but if you are interested...

New, two part, guess the UK Oil & Gas share Price contest

Published 70 days ago

This is a guess the share price contest with a difference. It is a two part one.  We ask you to post your entries in the comments section below and Steve Moore will track and update ranking all entrants. The person with the lowest overall rank ( i.e. 1st and 1st) wins. So what do you have to guess?

Even allowing for the tax dispute risks, JKX looks good value - speculative buy

Published 71 days ago

Often at the lower end of the oil and gas sector private investors get fixated with taking gambles on drills with large prospective resources and dream of untold riches if the company gets lucky with the drill bit, but the reality is that in the majority of cases this will result in a duster and substantial losses.

Argo Blockchain: Congrats to Adrian Beeston, the Golden Fleece has been well and truly found

Published 72 days ago

I have a grudging admiration for the stock promoters that inhabit the lower reaches of AIM or the Standard List playing around with cash shells and investment vehicles looking for the next big thing such as Chris Akers, Peter Redmond, Geoffrey Dart etc. Just sometimes it goes spectacularly right and I take my hat off to Adrian Beeston who has pulled off a fabulous heist at Argo Blockchain (ARB).

FastForward Innovations – Oh dear, Jim Mellon and Lorne Abony have been taking lessons from Mr Woodford!

Published 72 days ago

Tom covered much of the nonsense surrounding the FastForward Innovations’ (FFWD) placing last week (HERE) but I wanted to look at how Jim Mellon and Lorne Abony got themselves into that particular mess as they seem to have taken a couple of plays straight out of “star fund manager” Neil Woodford’s book.

Tesla Q2 Results; Stormy Weather in Shortsville & doing UK Oil & Gas due diligence

Published 73 days ago

On Thursday, shares in Tesla (NASDAQ:TSLA) rose to levels not seen since June, as the market reacted favourably to its Q2 numbers and the subsequent earnings call.

Concepta - £2 million placing at 4p. Suck up justifiable anger and BUY

Published 73 days ago

Tom Winnifrith was an insider on this one but opted not to participate in the placing after all the grief he got for taking part on the Premaitha (NIPT) placing at 4.5p a couple of months ago. Premaitha shares are now 9.9p and that is what you may wish to consider.

After the David Lenigas twitter pump on Angus Energy...guess what happened next?

Published 75 days ago

The leopard does not change its spots. Pumping UK Oil & Gas (UKOG) hard as it was trying to arrange a bailout placing is bad enough. But now we come to Angus Energy (ANGS) another Horse Hill play and one where the CEO has just "been resigned" in disgrace following revelations HERE. But Big Dave has, as you can see below, been pumping its shares hard on twitter. What happens after a Big Dave pump?

SCOOP ( NOW CONFIRMED): FastForward is trying to raise £5 million in placing - source

Published 76 days ago

The results which came out in early July made it clear to anyone who could do basic maths that Jim Mellon's FastForward (FFWD) would be passing the hat around shortly. Three ramptastic RNS's followed and today I can reveal that the company is on the road trying to raise £5 million in fresh equity. 

IP Group - surely the shares are a sell...

Published 76 days ago

The Communications Director for IP Group (IPO) is a former workmate and all round superstar Ms Liz Vaughan Adams, aka Lizard. So Lizard,  I'm sorry to be writing this but I picked this up on the broker wires this morning and I cannot disagree with this sell/go short thesis.  

The Seven Mythical Wonders (belated July update) – Great news: Optibiotix proves Father Christmas does exist!

Published 76 days ago

As Cornelius Nepos said: “After the darkness comes the light” and having been in despair last month writing June’s update, I am back to my bouncy best as Optibiotix (OPTI) has become the second Mythical Wonder to become real and in some style…..although I hope it now performs better than the first!

Midas can you please advise your poor readers to sell Optibiotix every day?

Published 77 days ago

Amazed to find that one of her share tips had actually gone up, Jo Hart of the Midas column In the mail on Sunday  advised the poor saps who follow her to top slice or sell Optibiotix (OPTI) on Sunday. Just as a buy note from Ms Hart is seen by most folks as a sure sign that a PR puff campaign is underway and that you should sell at once, the Midas sell stance seems to have pushed the shares ever higher as the chart below demonstrates. Yes £1 hit again, another case of ouzo Cynical Bear needs to send me. I discussed why I’d not be selling at this price as I expect fireworks soon HERE. Meanwhile…

Is now a good time to invest in Foxtons?

Published 77 days ago

Some might see Foxtons Group (FOXT) as a good recovery play given how far the share price has fallen in recent times... but is it?...

It's hard to see Range Resources making any sort of meaningful profit any time soon

Published 78 days ago

Over the years the one area of growth where Range Resources (RRL) has really excelled has been the number of shares in issue, with 8.5 billion of them now trading following the latest placing. The oil and gas company, which has interests in Trinidad and Indonesia, announced last week that it has completed yet another placing, and this time it raised £1 million at a share price of 0.11p.

Hard to see a road to recovery for Mobile Streams

Published 79 days ago

The share price of Mobile Streams (MOS) has pretty much halved since I recently covered it as one to avoid at all costs, but despite that drop I still see no value in any investment here.

Tern – yet another placing (told ya!) and investee InVMA goes shopping

Published 83 days ago

Time to get out the ouzo, for AIM-listed jam-tomorrow investment company Tern plc (TERN) has raided the bucket shops once again – this time raising £2.9 million (before expenses) at 26p, a discount of 21%. In a separate announcement, we are also told that investee company InVMA has been shopping – but no financials are offered and I fancy that is because the purchase is quite insignificant - it was, after all, an RNS Reach.

Woodford Patient Capital Trust: The Big Short (June update - WPCT) – Um, Neil, what do we do now?

Published 84 days ago

Having looked at Woodford’s Equity Income Fund earlier, I will now turn to Woodford Patient Capital Trust (WPCT) which as ever, even though the goalposts keep moving, is up against its limits and with the portfolio remaining awash with cash guzzlers, I’m struggling to understand how Neil Woodford gets out of the mess.

WinSemi - disastrous earnings report - surely this is very bad news for IQE?

Published 84 days ago

Win Semi is the world's largest GaAs chip foundry and are central to the 3D sensing supply chain.  Below you can see the first page of a broker report that came out on Friday which describes its quarterlies as "disastrous".  So what? aay the IQE (IQE) bulls.

I have to wonder why any sane person would invest in The People's Operator

Published 85 days ago

A couple of months back I wrote an article HERE suggesting that investors steer well clear of failing AIM company The People’s Operator (TPOP), and there have been a number of developments since then.

Versarien: Perhaps I’m wrong; how good is this wonder product?

Published 86 days ago

Having stuck my todger in the hornet’s nest as Tom so eloquently put it with my first ever piece on Versarien (VRS) (HERE), I thought I would dig a bit deeper into the products as perhaps one can make a case for a £200 million business after all?

PCG Entertainment: For the love of God, Poulden, do something….anything……just not another placing!

Published 86 days ago

Five months ago, I gave Mr Poulden at PCG Entertainment (PCGE) a slight ribbing as he never seems to achieve anything at PCGE other than a steady decline on the share price of course. He responded rather pompously so I thought it about time to review the exciting recent progress. Funnily enough just yet another bloody placing to report!

Thirsty Paul Scott on why Sosandar shares will continue to head higher

Published 86 days ago

Thirsty Paul Scott is meant to be on a sabbatical but has taken time out to post his thoughts on Sosandar (SOS) on a Bulletin Board. While HotStockRockets suggested banking some gains or top slicing on Friday at 34.4p, Paul agrees with Nigel Somerville and reckons the shares are going a lot higher. Whatever one thinks of Thirsty, he knows the retail sector well and opines:

Mpac Group – trading update blames Brexit & all sorts, bank any remaining gains; sell

Published 87 days ago

We tipped shares in the then Molins, Mpac Group (MPAC) at a 125p offer price in June last year. They recently returned above 200p, but now have been hit by a half-year trading update…

Video: Optibiotix chairman Neil Davidson - I've bought £250,000 of shares ..so far!

Published 88 days ago

Okay the video is from blowjob TV that is to say Proactive from yesterday and thus the interviewer makes Zak Mir look like Jeremy Paxman. But, remembering that chairman Davidson has a reputation to lose, take note of what he implies about buying even more shares and also about deals not yet announced. His quiet confidence is clear and that is why even at 86p-88p you would be certifiable if you sold. We certainly will not be at anywhere near this level.

Fatso Baldry – when’s the Westminster Group bailout placing & at what price?

Published 90 days ago

Shares in Westminster Group (WSG), run by loathsome ex Tory MP slug, Tony “fatso” Baldry of 3DM infamy have slipped again to just 9.2p to sell.  Those who ponied up £750,000 in the last bailout placing at 22p, less than six months ago, must by now realise that backing a Baldry run company is financial hara kiri.  But things are going to get worse. You see the money's almost gone....

Block Energy has interesting assets and is funded - speculative buy

Published 92 days ago

These days it often seems to be the case that if you are interested in a new IPO, it is better to wait until that company has listed and the dust has settled, as often you will get a chance to buy in cheaper than those taking part in the initial fundraise. Block Energy (BLOE) looks to be one such outfit and the timing of its listing looks good, with the oil sector showing strength, plus there is plenty of potential from gas as well.

Optibiotix chairman share purchase - £150,000 not to be ignored: STRONG BUY

Published 93 days ago

Okay, the Optibiotix (OPTI) chairman does not get everything right. He is, after all shacked up with mad remoaning Tory MP Anna Soubry. But no-one is perfect. What we can say is that Neil Davidson has had a glittering business career so has a reputation to lose. His salary as Non Exec chairman will not make much difference to his net wealth but buying shares could.

Audioboom – “knows of no reason” for share price fall. Er…

Published 94 days ago

Audioboom Group (BOOM) has announced that it is to announce results for its half year ended 31st May 2018 “on or around 20th July” - and also taken the opportunity to hit out at the share price decline since restoration of trading in its shares on 14th June. Hmmm…

GYG – The Woodford kiss of death must have the banks worried here

Published 95 days ago

I Thought I would follow up on both Steve’s piece and Tom’s Bearcast on yesterday’s debacle at GYG (GYG) as I was disappointed that both my colleagues failed to make the obvious Woodford connection but, more importantly, I wonder if the banks will be taking a close look at this as the 30 June banking covenants must be a tad challenging.

Itaconix and Hvivo – All very cosy but……WHAT”S THE POINT?

Published 95 days ago

Just following up on Steve’s piece on Itaconix yesterday (HERE) with a couple of further observations relating to some interesting interactions between Woodford and its partner-in-crime in many of these early stage biotech / tech plays, IP Group, (IPO), but more importantly to ponder why on earth either of them are bothering.

Video: Steve O'Hara of Optibiotix presents and quizzed at UK Investor City Event Monday

Published 96 days ago

 Neither myself or the audience gave Steve O'Hara of Optibiotix (OPTI) an easy ride at Monday's UK Investor event in the City. But he presented well and I note that the chairman has today announced the purchase of £150,000 of shares at 71p. Watch Steve closely and you will see why the chairman is buying and why the shares - which are our largest holding but one we have added to in the past couple of months - are so cheap.

Fake news and a Twitter pump precede Bellzone Mining placing - pure coincidence of course!

Published 96 days ago

Anyone who follows the world of AIM on bulletin boards and Twitter will have noticed a lot of sudden excitement in Bellzone Mining (BZM) yesterday, with the share price rocketing and closing at around 0.9p, but unfortunately some were posting false news. Was that deliberate market abuse?

Sosandar – I have changed my view, I am not a bear any more

Published 96 days ago

I started to soften my view on Sosandar (SOS) back in April having seen the founders at the UK Investor Show but thought I would formally update my position on this following yesterday’s results, as my name and “view” gets bandied around in connection with it. In summary, I am no longer a bear.

Sosandar – full-year numbers out already, momentum continues. Great stuff! But no flip flop today!

Published 96 days ago

AIM-listed Sosandar (SOS), my tip from this year’s UK Investor Show, had already performed very well but this morning the full year results to March were released. It is always a good sign when companies publish results ahead of the deadline and Sosandar could have waited to the end of September. So it was with increased optimism that I read through the report, but will it be enough for me to raise my stance on the shares and flip flop again?

Andalas – The greed of scum City advisers laid bare as another post ramp bailout placing announced

Published 97 days ago

That insolvent Andalas Energy (ADL) is undertaking a placing is no shock. It is insolvent with negative net current assets of  at least £400,000 but thanks to some fairly sordid share ramping it has managed to raise a gross £1 million at 0.02p. The ramping of shares in this company with worthless assets is pretty unpleasant but what is laid bare in the news is the sheer greed of City advisers notably brokers Novum – of Jon Belliss and Gavin “I made £750k from Globo - Burnell infamy – and Optiva.

New scrap importation regulations in China could finish off Zibao Metals

Published 98 days ago

Zibao Metals (ZBO) is a company which most of you will never have heard of before, but could well be on the pump and dump crews lists again very soon after the latest news.

Sunday shocker: I agree with the Wail on Sunday re a 'dark horse'

Published 99 days ago

I enjoyed Nigel's update article on his mini 'dividend munchers' ideas portfolio earlier today.  I would completely concur with the Vodafone (VOD) call and came to a similar conclusion myself a few weeks back (see here). 

Speculative buy for Chariot Oil and Gas before the crowds arrive

Published 99 days ago

Oil exploration is very different to the boom we had back in 2010 in terms of the share price movements that we see for companies that are engaged in drilling.

Stobart: Outcome never in doubt as Woodford and Tinkler are left licking their wounds

Published 100 days ago

Further to my “Exclusive” on Friday in which I predicted the outcome of the Stobart (STOB) Boardroom battle, the results finally came out yesterday more than 24 hours after the AGM began confirming that Tinkler and his gang had lost; however, it is worth considering what happens next as I doubt very much that this is the end of it.

Purplebricks: prelims more reason to remain short

Published 100 days ago

Prelims from Purplebricks (PURP), announced on Thursday, did nothing to persuade me that the shares are not an outstanding short.

Yet More Signs that the Feisty Footsie Will Keep On Marching North.

Published 101 days ago

Hello Share Twiddlers. Despite the worries of an uncertain world, economically speaking, there have been some jolly signs recently that share prices could move ahead. I know there are warning signals out there to counter any undue optimism, but they don’t seem to be having an effect, do they?

BCA Marketplace - Apax walks, Avril talks horse

Published 101 days ago

It seems that some venture capitalists, specifically Apax partners, do have more sense than money after all for this morning Apax has walked away from a bid from hugely overvalued second hand car dealer BCA Marketplace (BCA). BCA chairperson Avril Palmer-Baunack has responded with A grade horse…

EXCLUSIVE: Woodford and Tinkler lose bitter Boardroom battle at Stobart……..probably

Published 102 days ago

With the hilarious Boardroom tussle at Stobart coming to its initial conclusion in Guernsey at 11am this morning, I’m calling it early. Just like Paddy Power has probably started out paying early on Brazil to win the World Cup, I reckon the incumbent Board have just edged this one and Tinkler will be weeping at his luxurious Cumbrian estate this evening.

Purplebricks – the only reason the shares have not completely crashed is it is hard to borrow stock

Published 102 days ago

If Neil Woodford wants to make a few friends, as I sense right now he has none at all, he should put his stock in Purplebricks (PURP) up for borrow. Then at least the bears would like him. Because right now there is almost no borrow and the cost of shorting this company is c25% per annum which is a real deterrent. If there was some borrow these shares would halve at once after today’s shockingly bad results.

Utilitywise – a “Strategy Update” only David Brent & major shareholder Neil Woodford are clever enough to understand?

Published 102 days ago

“Evolving the proposition channel strategy”“differentiated segment and channel propositions”“technology-led efficiency proposition, adopting a more consultative sales approach”“invest in the development of a multi-channel ‘go to market’ strategy”. Welcome to a “Strategy Update” announcement from Utilitywise (UTW). Who’s swallowed the dictionary of management bullshit?...

Boxhill Technologies: Is this the end of the road for Lord Razzall, Jackson and the gang?

Published 103 days ago

Today’s short but disappointing trading update from the jokers at Boxhill Technologies (BOX) could indicate that the past is beginning to catch up with these guys, particularly Phil Jackson. The share price has plummeted by 50% as a result. Let’s take a closer look.

Regal Petroleum continues to perform strongly operationally - buy

Published 103 days ago

Regal Petroleum (RPT) has seen a huge increase in its share price during the past year, and I know that always makes some investors wary, but a lot has changed during that time, both for the company itself and the area in which it operates.

Hookup updates from Tesco and Sainsbury's

Published 104 days ago

Time for a food retail update.  I was slightly surprised by the purchasing hookup between Tesco (TSCO) and the French-listed behemoth Carrefour which was announced on Monday.  You all know how loved-up i have been with Tesco over the last little while and - reciprocating my passion - the shares have popped above 240p big technical resistance level in recent weeks as I had hoped (and mused upon here ).  Anyhow, Monday's announcement is no sector ball-breaker but rather part of a search for marginal gains.  

The Jolly Greene King May Face Challenging Times Ahead.

Published 104 days ago

Hello Share Middlers. I’ve commended Greene King (GNK) to you in the past but its yearly numbers are not that marvellous. The pub and food chain’s adjusted profit before tax toppled back to £243 million. That’s still a tidy sum, but it’s 11% less than last time. Still, the divi remains unchanged at 33p per share. The prospective yield I have is 5.3%, which ain’t at all bad.

Angus Energy boss Tidswell and the share swindle it gets even better – meet Elizaveta Lata

Published 105 days ago

Only London’s worst Nomad, Roland “fatty” Cornish could have overseen the shambles at Angus Energy (ANGS) exposed earlier today HERE whereby its boss Jonathan Tidswell-Pretorious handed over all his 39 million shares as security on an (undisclosed) before signing paperwork only to find – with no money advanced – that 10.8 million had been flogged. But it gets better. Far better.

Would you Adam & Eve it – today’s nightmare for Neil Woodford

Published 106 days ago

As it happens I am in the process of buying a number of new mattresses for the house I have rebuilt in Greece. And it seems a remarkably simple process buying what is a commodity product. When my friend Nigel Wray says his mattress company Simba is revolutionising the market I cough and change the subject. But he is not the only one who thinks that mattresses need “disrupting”.  Natch, Neil Woodford, the UK's most conceited fund manager, also thinks that, like washing machines mattresses, are ripe for a revolution.  He owns just under 30% of Eve Sleep (EVE) shares of which are now in free fall.

Koovs burns cash at an alarming rate but fails to translate it into significant growth - sell

Published 107 days ago

Indian online fashion retailer Koovs (KOOV) is a company that I have kept an eye on as some were tipping it to be the next Asos, but I have always been far more bearish on the chances of that actually happening!

Purplebricks, with results next Thursday remains a strong sell at 329p

Published 107 days ago

Purplebricks (PURP) is due to report its results for the year to April 30th next Thursday and has promised more detailed guidance than that which was given at the time of the Axel Springer investment in March.

The market will eventually wake up to the true value of SOCO International - buy

Published 107 days ago

At times in the lower end of the natural resources sector it seems as though the worse the company is, the more money private investors are prepared to put into it.

Kibo Mining – Is this securities fraud or just plain old shoddy AIM behaviour?

Published 107 days ago

I’ve been following the Kibo Mining (KIBO) story for a while now watching Louis Coetzee continuing to fail to deliver the PPA at its flagship Mbeya power project but Friday’s announcement raised my eyebrows slightly higher than normal. In my view, it is either securities fraud or merely epitomises all that is wrong about disclosures and announcements and the roles of the various advisers at the lower end of the market.

San Leon Energy – results from a ‘challenging’ 2017… but outlook now promising - BUY

Published 108 days ago

San Leon Energy (SLE) has announced results from the 2017 calendar year, “when the company faced significant challenges” – but emphasising it’s now able to focus further on yielding value from “a world-class asset with substantial reserves and a CPR target gross production rate of over 100,000 bopd” – (it’s indirect economic interest in) OML 18, onshore Nigeria…

Why I Think Shares Will Stay Sunny As the Scorching Footsie Puts the Heat on.

Published 108 days ago

Hello Share Flingers. Against the flow, and my learned friend David Scott, I think shares will continue to rise. I’ve recently said that we should always be prepared for a crash because common sense says there will be one eventually. But sense is rarer than budgie teeth in Shareland where one philosophy over-reaches all others.

Itaconix – Shares suspended as Neil Woodford’s week takes a turn for the worse

Published 109 days ago

I suggested yesterday that things were looking up for Neil Woodford but we can all relax again as matters return to normal with disaster looming around every corner for the star fund manager as Itaconix (ITX) has suspended its shares this morning pending a potential fund raise.

First Derivatives & scandal plagued KPMG Belfast – this is all too cosy: Sell

Published 110 days ago

I am the last person to berate the fine folks from my family’s ancestral homelands  of the Kingdom of Ulster or indeed the modern day province. SUFTUM is what I say as I wake up every morning to retweet - with my own comments - @onthisdayPira . But some communities are just perhaps just too tightly knit, too cosy. I refer to the accounting arrangements of First Derivatives (FDP).

Avesoro Resources - strong performance is set to continue: the shares are a buy

Published 110 days ago

It often pays to be wary of companies that haven’t lived up to expectations in the past, but there are exceptions to that if the company fundamentally changes, especially if conditions in the market in which it operates also improves at the same time. 

Crack out the Ouzo at Sheriff of AIM Towers: Fastjet shares crash as potentially terminal cash crises emerges – feck you Citigate

Published 111 days ago

I guess the journalist smearing bastards at Citigate Dewe Rogerson might be about to lose another retainer. Their response to my probing of the financial woes of their poxy client FastJet (FJET) was to threaten and smear me. Fuck you Citigate. Now Fastjet has ‘fessed to just how grim things are. It could be tits up time by the weekend. Crack out the ouzo, let’s celebrate. I shed no tears for a company that stands by the actions of scum like Citigate. And I warned shareholders often enough what financial fate lay in store for FastJet.

Purplebricks says that it doesn’t bully Aussie staff as agents continue to quit

Published 112 days ago

Amid reports that Purplebricks (PURP) in Australia is suffering large scale staff losses as sales collapse and thus commissions dry up – true commissery – the company now faces allegations of bullying and that that it has created a “toxic” work environment.  The AFR reports today:

Yet another pump is underway at Greatland Gold

Published 114 days ago

The longer you follow the lower end of the AIM market, the more you realise that big share price movements are often more a result of a concerted pump than related to actual news that has been released.

Woodford Patient Capital Trust: The Big Short (May update) – Shocking non-disclosure as debt now out of control

Published 115 days ago

Yesterday afternoon, Neil Woodford released his end-May portfolio updates and associated fund factsheets which highlighted the challenges facing Woodford Patient Capital Trust (WPCT) in the coming months as its debt position is now almost untenable, not that Woodford has disclosed as such.

Exclusive: The MySquar boss and his private company and the $8.5m fraud law suit revealed

Published 116 days ago

Below I republish a legal printout from Singapore where four days of Court time has been reserved for MySquar (MYSQ) boss Eric Schaer and his Rising Dragon company ( which is and has always been involved with MySquar as a loan provider) as they stand accused of fraud from a party claiming back $8,750,770 – a lot of dosh. It gets worse.

EXCLUSIVE: Is Peter Young of Independent Oil & Gas Britain’s greatest share trader or an insider dealer? You decide with Winnileaks

Published 116 days ago

Peter Young was the co founder of Independent Oil & Gas (IOG) and until March of this year sat on its board. He is still its “head of Business Origination.” He, and his wife Fiona who works for charity Social Enterprise UK, are either the UK’s greatest living share traders or just plain insider dealers.  The stock in question is Rock Rose Energy (RRE) and I merely print a timeline of phone calls and emails and, as Peter Cook’s version of Judge Cantley in the Jeremy Thorpe trial would put it, “then invite you, ladies and gentlemen of the jury, to go away and consider carefully why these two fine upstanding individuals are not guilty of anything at all but should do themselves a favour and become professional day traders.”

Trakm8 – “International Contract Award”… but does it materially change a cash-burning picture?

Published 116 days ago

Shares in Trakm8 (TRAK) ended yesterday c12% higher, back above 100p, on the back of a “International Contract Award” RNS. Ooooh, “international” hey – ramptastic or what’s the detail?

Air Partner will recover from its accounting problems - buy

Published 117 days ago

The market doesn’t respond well to any announcements of accounting problems, and the share price of any company releasing such news tends to get hammered. In some cases the resulting drop is justified, but there are also plenty of occasions where there appears to have been a massive over-reaction and that can present a buying opportunity, as long as the underlying fundamentals of the business haven’t changed and it is just a one-off error or omission that won’t negatively impact the company going forwards.

Today’s Primary Bid Offer deadline 9 PM or when book filled: Zenith Energy

Published 118 days ago

I know nothing about Zenith ( ZEN) other than it is listed in Canada as well as on the main market here in London and it is an oil and gas company operating the largest onshore oilfield in Azerbaijan. So I make no recommendation.

FastForward Innovations – Jim Mellon’s tucked into the piggy bank yet again!

Published 119 days ago

If anyone thought anything else other that FastForward Innovations was merely the personal investment vehicle for Jim Mellon and Lorne Abony to dip into at will, today’s massive related party deal with Mellon’s Juvenescence Limited puts it beyond any doubt.

McCarthy & Stone - CEO retires on a profit shocker...blaming Brexit 'natch

Published 119 days ago

I was just reminding myself via the interweb of the chat around McCarthy & Stone (MCS)’s return to the stock market back in November 2015. This was from a press article at the time of the IPO: 'Britain’s biggest builder of homes for retired people, said its London debut had been priced at 180 pence per share, valuing the business at 967 million pounds. Shares in the company rose 13.5 percent to 204.21 pence in conditional trading on Friday as investors bet on further gains in the UK’s strong residential property market'. Well...how could it have gone so wrong, with the shares down 15% as I write at around 110p?

The Seven Mythical Wonders (June update) – I’m starting to despair

Published 120 days ago

When I started this series in January, I didn’t realise how dispiriting it would be as, yet again, my seven wannabe Loch Ness Monsters have proven to be just another set of blurry photographs of tree branches. At this rate I’m going to struggle to make it to the end of the year but at least I’m not a shareholder in any of them I guess.

Podcast: Doug Casey - uranium may be my favourite commodity right now

Published 122 days ago

Buy shares in Berkeley Energia (BKY)!  Okay that is what I think, you want to hear from veteran investor and libertarian thinker Doug Casey.

Ariana Resources – positive Kizilcukur project update, remains a buy

Published 122 days ago

Ariana Resources (AAU) has announced latest work at its 100% owned Kizilcukur project “continues to highlight the potential for the project to become a satellite source of ore for the Kiziltepe mine”

UK Oil & Gas and Tern: Summer Madness

Published 122 days ago

As the sorry saga of UK Oil & Gas (UKOG) reminds us, AIM stock promotions invariably revert to mean. The company, on Friday, announced a placing at 0.9p, pretty much the level at which the shares were a year ago before they succumbed to retail summer madness and sky-rocketed to ten times that level.

Boxhill Technologies: Shadow director, Jackson, disqualified in connection with suspected fraud – shocking stuff

Published 122 days ago

I’m slightly surprised that I haven’t commented on Boxhill Technologies (BOX) this year as it was a favourite of mine in 2016 and 2017 but I have managed to access new information that is shocking even by Boxhill’s standards, namely Phil Jackson’s director disqualification due to what looks like a slam dunk VAT fraud.

Should We Dash for Cash Or Keep Hunting Big Rewards Even as the Storm Clouds Gather.

Published 122 days ago

Hello, Share Spinners. Another weekend is upon us which gives a chance to throw in a few general and unrelated thoughts about the perils and the opportunities of a very unstable share market at the moment. The main preoccupation of most of us, I suspect, is whether we should turn our shares into cash. This is not the time to turn everything into mazuma, I would suggest. But it might be wise to convert a third of our portfolio into the hard stuff.

Avoid Jangada Mines, at least until after the next fundraise

Published 123 days ago

Jangada Mines (JAN) suddenly seems to have become very popular and has seen a significant share price rise in the past few weeks, but I am left wondering if that is just a coincidence or just another pre-placing spike which we see on so many of these small resource outfits.

Tom Winnifrith Bearcast - I said he was mad, I was wrong

Published 123 days ago

In today's Bearcast I reflect that it is now just 6 weeks and 1 day to the great event. With gift aid myself and Brokerman Dan have now raised more than £8500 for Woodlarks. As I prepare for a 14 mile training walk this weekend please do sponsor me - I am sure you can afford to donate a tenner HERE. In the podcast I look at Orosur Mining (OMI) - down 48% today but still 90% overvalued - UK Oil & Gas (UKOG), Kefi (KEFI) - where we own shares - RedstoneConnect (REDS), Purplebricks (PURP), Neil Woodford and Feedback (FDBK).

Stobart: Board steps up pressure and summarily dismisses Tinkler

Published 124 days ago

More fun and games on the good ship Stobart (STOB) today with the Board not holding back and dismissing Andrew Tinkler from company and the Board and plan to bring legal proceedings against him, juts as I thought Tinkler (or Tinker as the Sunday Times called him at the weekend) might have been edging ahead.

Mobile Streams faces an uphill battle - just to avoid bankruptcy

Published 124 days ago

Mobile Streams (MOS) appears to be yet another AIM company where it is hard to see it ever actually returning any money to investors, and whilst it certainly isn’t unique in that regard, I do have to wonder how long it can keep going for before the ability to raise funds finally dries up.

BCA marketplace – Utterly bizarre bid or non bid from Apax

Published 127 days ago

We know that BCA Marketplace (BCA) is highly operationally and financially geared. It has too much debt. Its chairman dumped over a million quid's worth of shares at 188p – and Avril is no fool. The car market is struggling so there must be questions over earnings visibility . and yet from left field there may be a bid. Bizarre.

Karelian Diamonds – 500k placing at 4.5p: it’s not enough – when’s the next placing? SELL.

Published 127 days ago

AIM-listed Karelian Diamonds has, as I predicted HERE, HERE and HERE, announced a placing to raise £500,000 before costs. At 4.5p, that is a discount of just over 30% to last Friday’s closing mid-price. Ouch! When I first commented on the lack of cash last November, the shares were 0.375p (mid) before they were consolidated (so they were 9.375p in today’s money): I think that means it’s time for an ouzo or two over at Deputy Sheriff Towers!

Reader Poll Result – more than half of you think UK Oil & Gas will be lucky to get its rescue placing away at 0.6p

Published 127 days ago

On Friday we forced UK Oil & Gas (UKOG) to fess up that it was trying to raise £5 million. It is struggling to fill that back and the shares – now just 1p-1.05p – at least partially discounts the pain that is coming. But ShareProphets readers, when polled HERE, think far worse is coming. I agree.

New ESMA regulations are likely to have a negative impact on Plus500

Published 128 days ago

CFD trading platform Plus500 (PLUS) has had a very strong start to the year and its share price has risen by around 90% off of the back of a strong trading performance, but I would definitely question whether that is set to continue going forwards due to some regulatory changes which are about to come into effect.

Reader Poll: at what price will UK Oil & Gas get away its bailout £5m placing after our Friday expose

Published 128 days ago

It was a sordid end to the week for UK Oil & Gas (UKOG). On Thursday its "consultant" David Lenigas was ramping the shares on twitter with outrageous claims as exposed HERE. On Friday morning I revealed that a placing - which clearly Big Dave knew nothing about - was underway HERE and by midday UK had fessed up with weasel words, see HERE. The shares closed Friday at just 1.05p-1.1p. So at what price will the bailout placing be? You vote below with a deadline of midnight Sunday:

Big Sofa Technologies: Beware the cosy fireside chat

Published 128 days ago

I’ll keep this relatively short as I’m meant to be enjoying a long weekend away at a big family gathering celebrating my step-father-in-law’s 70th birthday but also I don’t have a lot to add to my previous comments on Big Sofa Technologies (BST). However, I felt it appropriate to respond to the latest view on last week’s results from the HSR team.

Woodford and Autolus – Some much needed good news…..in the short term at least

Published 128 days ago

As I’m always quick to criticise, I thought it only right to congratulate Mr Woodford when the rare pieces of good news turn up and Autolus’s news yesterday is undoubtedly good news although I’m still going to make a couple of observations re Woodford Patient Capital Trust (WPCT).

Buy the dip on Central Asia Metals

Published 129 days ago

Central Asia Metals (CAML) has been a favourite of mine for some time now and with this company I think it is very much a case of letting your winners run, as I can still see plenty of upside in the coming months and years.

It's more than a game - the world cup and shares

Published 129 days ago

With the FIFA World Cup just days away, this week I focus today on how tipster and broker sentiment towards sports betting firms changes during major international football tournaments. Be it online or on the high-street, gambling firms will be set for an influx of sports betting activity in the coming days as the public place their bets on the outcome of the upcoming World Cup. The UK public wagered a predicted £500 million during the last European Championships in 2016. So, how does tipster and broker outlook change during major tournaments, and more specifically, does the performance of the home nations affect both sentiment and sector returns?

Is it Time to Launch Back to the Final Frontier with this Plucky British Pioneer?

Published 129 days ago

Hello Share Chewers, Though Uncle Tom is not a fan, I feel confident enough to bring Inmarsat (ISAT) to your attention again. It’s in a recovery orbit and, as I write, its shares are up another 10%. And after hours on Friday we discovered why..

WPCT – Not more investment policy rule bending, Neil, surely?

Published 130 days ago

I’ve always thought it odd when investment vehicles merely take stakes in other investment funds as one ends up with duplication of fees. There is usually an investment policy limit on such stakes, not that Mr Woodford appears to be taking the limit at Woodford Patient Capital Trust (WPCT) that seriously. Why would he - rules are for the great unwashed aren’t they?

Frontera cant repay death spiral debt so extends it - at a cost and it still has no cash

Published 131 days ago

I wonder how the whore blogger, Fat Bastard himself, Mr Malcolm Graham Wood will explain this away as good news. After all that is what Frontera (FRR) pay him for. In essence Frontera has no cash, is burning cash and had to repay $2.891 million to death spiral provider Yorkville on 16 June. Problemo! 

Magnolia Petroleum - it even fucks up its admission that it is fucked

Published 132 days ago

Set to delist from AIM, drowning in debt, burning cash, run by the poltroon Rita Whittingham with her love of a bloated pay cheque for herself and family members, Magnolia Petroleum (MAGP) was already the laughing stock of the AIM Casino.  But today it took its incompetence to a new level.  At 1.43 PM it announced...

Minoan: more delays, more confetti, adviser options. What’s not to like?

Published 132 days ago

 

AIM-listed Minoan has updated the market this morning on some important matters, some trivial matters, and hasn’t mentioned another (why not?). I’m not overly-impressed, but does it change my “buy” stance?

Frontier Smart Technologies - The warning signs were there all along!

Published 132 days ago

Back in May last year, Frontier Smart technologies (FST) was one of my few conviction buy picks at around 90p (HERE). After a strong initial performance, the share price has dropped significantly recently but the truth is that the alarm bells should have been ringing well before now. Please allow me to self-flagellate.

Autins Group – The warning signs were there all along

Published 132 days ago

A couple of pieces from me today to remind investors to heed warning signs, the second of which shows that I am prone to the odd piece of blindness now and again too! First though, I’ll pat myself on the back and take a look at the latest news from Autins Group (AUTG) that I first warned on at the start of last year (HERE).

Centamin offers exposure to gold at a great price currently - buy

Published 134 days ago

Centamin (CEY) has taken a big hit to its share price over the past week or so and has seen getting on for £400 million wiped off of the value of the company.

Stobart: Great defence play by Team Ferguson in the Sunday Times today

Published 135 days ago

Continuing my commentary on the fascinating public boardroom battle being played out at Stobart, I thought I would highlight the role that the media plays in these and other more traditional hostile takeovers as I must tip my hat to the home team and their use/manipulation of the Sunday Times today.

The warning signs were there for Weatherly International

Published 135 days ago

When news came on Friday that trading in the shares of Weatherly International (WTI) had been suspended and that the company was being placed into administration, unfortunately it didn’t really come as much surprise to me.

Appscatter: Shareholders beware - this could collapse quickly

Published 136 days ago

When investing at the speculative end of AIM, I think it is critical to try to avoid sudden disasters or unexpected suspensions as a sensible stop-loss strategy can usually deal with most other occurrences. Accordingly, I thought I would flag a potential issue in the making at Appscatter (APPS) as the current risk / reward pay-off looks way off.

Another Six Months Gone By? It Must Be Time for that Phone Call.

Published 136 days ago

Hello Share Bats. As the markets are closed, it’s allowable to discuss matters on the fringes of our great game. So let me bring you a mystery. It’s about what seems like a scam. But as I found nothing about it on Google, I hope you can enlighten me.

Ariana – resource upgrade at Kepez, still a buy

Published 137 days ago

AIM-listed Turkish gold miner Ariana (AAU) yesterday announced a resource upgrade at its Kepez prospect, which forms part of the Red Rabbit joint venture which is producing gold from its Kiziltepe mine. 

Catenae Innovation looks like one to avoid when you take a closer look

Published 138 days ago

It seems to be the season for big share price rises off of the back of very little in the way of substance across quite a few companies at the lower end of AIM at the moment!

Stobart: Public dirty washing airing hilarity – is Woodford backing the wrong horse (again)?

Published 139 days ago

As a keen observer of the public markets, I love a good old-fashioned boardroom squabble as much as the next man but the one being played out in public at Stobart (STOB) is funnier than normal as the Tinkler/Ferguson tiff is only part of the comedy. Sure the details being shared add to the amusement but I am more concerned about the fact that Neil Woodford and Invesco’s Mark Barnett may have fallen out too – is the protégé finally casting the shackles aside?

Echo Energy accelerates its operations in Argentina

Published 140 days ago

Often when a smaller AIM company operating in the natural resources sector announces a placing it ends up being bad news for those currently invested, but there are also cases where the money is being sought in order to accelerate operations. Of course, the company still ultimately needs to deliver and for the work that the money is being raised for to be successful, but I would certainly rather see this than a company that is sitting around doing nothing and burning through cash whilst its directors pocket a nice salary.

Woodford and the $2 billion spoof – Part 2: How many reasons do you want?

Published 141 days ago

The first part of this mini-series highlighted oddities relating to the recent $2 billion valuation of Benevolent AI, Woodford’s largest unquoted holding. To complement that piece, I thought I would undertake a bottom-up analysis to understand whether it could be worth such a sum. All I found was more spoofery. It’s a bit of a long read but surely you’ve got nothing better to do on Bank Holiday Monday!

RockRose Energy makes yet another acquisition and shows that it means business

Published 141 days ago

I’m surprised by the seeming lack of interest amongst private investors when it comes to RockRose Energy (RRE), as even amongst those who focus on oil and gas stocks, this isn’t a company which you see being mentioned on social media and the bulletin boards.

EQTEC - the death spiral provided by a fraudster it gets worse - surely this is criminal negligence by Nomad Northland

Published 142 days ago

On March 8 2018 I revealed how low life Nomad Northland had banked a fat fee for recommending that its client Eqtec ( EQT) take out death spiral financing from a proven fraudster. Worse still, the deal Northland thought fair was bound to destroy the share price as I  explained at the time. Last week it got worse and the negligence of Northland is now almost criminal.

Mereo Biopharma – Is this the worst PrimaryBid offering ever?

Published 143 days ago

I had to laugh last night when I saw PrimaryBid’s pre-Bank Holiday offer to the likes of you and me -  Mereo Biopharma (MPH) - as although there’s some stiff competition, I think this must the worst  deal offered up to-date and, in fact, worse than the other offer of a lifetime that I’m currently working out how to avoid, namely dinner at the in-laws during the Champions League final!

Frontera Resources - another ramptastic release - So What?

Published 144 days ago

I am waiting for Fat Bastard, the whore blogger Malcolm Graham Wood to earn his pay cheque by saying what great news Frontera Resources (FRR) has served up today. Of course it has not. This is more meaningless gibberish designed to pump the stock ahead of a bailout placing. But I have to take issue with the City's No 1 oil analyst Zac "the knife" Phillips of SP Angel. He is right to be mega bearish but wrong about the company. He opines:

Magnolia Shocker - to delist from the AIM casino - why is the board not being sacked?

Published 146 days ago

I have repeatedly warned against investing in Gavin Burnell of Globo infamy creation Magnolia Petroleum (MAGP). Drowning in debt, burning cash and paying vast sums to CEO Rita Whittingham and her ghastly relatives on the payroll this is a dog. Today the company says that it is going to try and sell some of its (crap) assets and to save £100,000 it will delist from AIM. It could save far more by firing its deadwood staff. The shares have plunged 65% and are now just 0.6p to sell. But you should sell. SP Angel guru, the City's No 1 oil analyst Zac "The Knife" Phillips sums up this farce perfectly.

Woodford and the $2 billion spoof – Part 1: More odd-looking funding

Published 146 days ago

In my view, Woodford’s dealings with what is now his largest unquoted holding across his funds, Benevolent AI, is his kryptonite and will be his undoing and I’m doing a couple of articles outlining why I think the current $2 billion valuation is an absolute spoof and why I believe Neil Woodford is complicit in said spoofery.

Brave Bison is likely to get slaughtered

Published 146 days ago

In recent times we have seen some crazy rises off of the back of RNS Reach announcements, and the latest in the list is digital media publisher Brave Bison Group (BBSN).

Woodford Patient Capital Trust: The Big Short (April update) – Equity Income Fund ups its debt level to £170m!

Published 147 days ago

Yesterday afternoon, Neil Woodford released his end-April portfolio updates so thought I’d provide a bit of commentary prior to a couple of headache inducing articles (for Neil) later on in the week. Not a huge amount of change; however, it’s good to see an open-ended fund getting stuck into the use of debt in such a cavalier way!

The People's Operator remains one of the worst companies on AIM!

Published 149 days ago

The People’s Operator (TPOP) is one of a number of AIM companies where you have to wonder whether there is really any point in it continuing to stay in business, other than generating fees for its brokers.

Ocado valuation continues to reach even crazier heights

Published 150 days ago

Ocado (OCDO) has seen a significant rise in its share price in recent weeks and seems to have gained upwards momentum, but I would question how long that will last and still see it as very expensive at this point in time.

Disillusionment!!! And Why I May Ditch My Portfolio and Buy the Next Picasso, Instead.

Published 150 days ago

Hello Share Braves. I’m so disgusted with the sort of person who’s now common and becoming more frequent in Shareland, that I’m actively pursuing other ways to glean an honest income from my pile. You only have to look at what Tom is having to put up with these days to have sympathy with my current jaundiced view of the Big City.

Tom Winnifrith Bearcast: Chris Bailey is right, Malcolm Stacey is wrong

Published 153 days ago

So far it has been a good day. I look at four shares I own: Optibiotix (OPTI), Falanx (FLX), Premaitha (NIPT) - yes Wildes you are wrong! - and Sosandar (SOS). And I comment on today's Julie Meyer bombshell. Praise be the Lord. I look at Beowulf Mining (BEM) and wider lessons after its placing and then discuss housebuilders in general after Chris Bailey's excellent article HERE. Chris is right, my old friend Malcolm - a sector bull - is wrong and I explain why.

FinnCap - Premaitha at 7p worth 12p

Published 154 days ago

It is the house broker so not impartial. I think the target for Premaitha (NIPT) is too low and bought more shares this morning in the secondary market. But here is the Finncap take in a 20 page note:

Tom Winnifrith Bearcast: Bankers are not nice folks, I know, I was one - ref Telit & The People's Operator

Published 154 days ago

First of all thanks to so many of you for your kind responses to yesterday's bearcast - I am now in a serious dialogue with the Police and I hope they will catch and prosecute the culprit.  In today's podcast I look at the Sunday Times Rich List which is largely fiction, at Audioboom (BOOM), MySquar (MYSQ), Premaitha (NIPT - where we own shares and indeed have bought more - The People's Operator (TPOP) and Telit (TCM)

Webis Holdings – turned out to be an excellent punt with up to 200% return

Published 154 days ago

Just over a year ago I thought it might be worth taking a punt on Webis Holdings (WEB) as a special situation play. Well, sometimes, it is better to be lucky to be right as although my reasoning wasn’t exactly spot on, one could have cashed in this morning for about a 200% gain.

Time to think about banking a 1,100% profit on Serica Energy

Published 156 days ago

Serica Energy (SQZ) has been one of my best performing share tips ever, but following recent developments now would seem to be a good time to bank some profit, if you haven’t already done so.

Tip of the year update: John Wood Group

Published 157 days ago

Did you see Friday's AGM trading update from oil services company John Wood Group (WG.)?  Obviously I was all over it like a rash given it was one of my two tips of the year in late December and - as I noted here - a couple of months ago or so, it had a slightly sluggish start.  The better news is that after Friday's move the stock is now back to where it started the year - and I think we go higher from here.  

The Seven Mythical Wonders (May update) – Incredible scenes as EVR Holdings proves the Melody VR app exists after all…..time to exit!

Published 157 days ago

A time for celebration as one of the Seven Mythical Creatures has become a reality this month with the long awaited launch of the Melody VR app from EVR Holdings (EVRH). We may never see such events again or at least not the share price anyway.

Thinking of Going Away in May? Maybe You Should Think Again.

Published 157 days ago

Hello, Share Starters. Many of my friends still believe in the hoary Stock Market saying, ‘Go away in May’. It ends ‘Come back on St Leger Day’. Coming from the racehorse centre of Doncaster I know that means we should start trading again in the first week in September.

UK Investor Show 2018 Video - Making Money in Africa

Published 158 days ago

This session was chaired by our own Chris Bailey  and featured Andrew Bell of Red Rock (RRR), Rob Scott of Anglo African Agriculture (AAAP - where we own shares - Ahmet Dik of Victoria Oil & Gas (VOG) and Colin Bird of numerous companies, including Jubilee Metals (JLP) tipped by Andrew Monk this morning.

Sprue Aegis – after “disputes the allegations made by BRK”, how’s a Settlement Agreement?

Published 159 days ago

In March, I noted shares in Sprue Aegis (SPRP) down 25% on the day, at 142.5p, on a distribution agreement ‘termination notice’ which was actually a “Termination for Breach Notice” and saw Sprue “disputes the allegations made by BRK” and “taking legal advice”. Today a “Settlement Agreement”

Ariana – Q1 Kiziltepe quarterly report; still a buy

Published 160 days ago

AIM-listed Ariana Resources (AAU) released its quarterly report this morning for its joint venture mine at Kiziltepe in western Turkey. On the face of it the numbers were again good, although we had prior warning of that back on 16 April when the company released a preliminary production report for Q1. Today’s report fleshed that out a little.

Mirriad Advertising and Pelatro: SELL and BUY tips are working out as expected

Published 160 days ago

Just before last Christmas, I compared and contrasted two new AIM IPOs that both came to market at just over 60p in the broad “adtech” space. An IP Group-backed dog, Mirriad Advertising (MIRI) and what I though was an interesting play at a low valuation, Pelatro (PTRO).

Bullish smoke signals from Imperial Brands

Published 160 days ago

I was too early with my positive call on Imperial Brands (IMB) that I shared with you back in November .  Sure I have picked up some dividends but it is capital growth you all really want.  Today's half year numbers however highlight why this name should be in your portfolio even if - like me - you are not a user of their products.  

Tesla - Elon Musk Shows That The Wheels Are Starting To Come Off

Published 160 days ago

As I write, Tesla (US - TSLA) at $305 has regained the level at which it was trading on Thursday when Musk lost the plot on the Q1 conference call, causing the price to drop 7% in minutes.

Bahamas Petroleum news doesn't justify a £30 million increase in the value of the company

Published 160 days ago

There is no denying that the news released by Bahamas Petroleum (BPC) last week was positive, but in no way does it justify the £30 million increase in market cap that has occurred since then.

UK Investor Show 2018 Video - Keith Allaun of Powerhouse Energy Group

Published 160 days ago

I rather like Mr Allaun although as you know I am not heavily into this green malarky but the world is and thus I see the merit in the shares. Anyhow Keith can explain the Powerhouse Energy (PHE) story better than a climate change denier like myself so over to him. 

UK Investor Show 2018 Video - Steve O'Hara of Optibiotix

Published 161 days ago

I chatted to Steve before the show and at it. This is my biggest single holding, I bought more after the show and at a 71p offer shares in Optibiotix (OPTI) are IMHO still very cheap. I really do expect them to be at 120p+ during the coming months as it unveils a string of new sales agreements. Here is Steve in action...

Update on three ideas: Smith & Nephew, ConvaTec, Equiniti

Published 162 days ago

A quick catch-up with three names I have written about in the past and who have published a corporate update in the last few business days.  First, Smith & Nephew (SN) which is Europe's biggest artificial hip and knee producer and hence exposed to an unfortunate ageing population growth trend.  However, as I noted in my last write-up, this is a company that has underperformed recently and not only is shuffling its top team but also has attracted the interests of an activist investor...which is kind of an interesting combination. 

UK Investor Show 2018 Video - Thomas Wagenhofer of Curzon Energy

Published 163 days ago

Here I do claim a bit on insight. We own the shares - now 9.75p to buy - and I do actually know quite a bit of what Curzon (CZN) does having spoken to Mr Wagenhofer pre IPO. He now explains the story in more detail.

WPCT: A review of the laughable results and three important questions for the Chairman

Published 163 days ago

Woodford Patient Capital Trust (WPCT) recently came out with its disappointing 2017 results and thought I’d highlight a few amusing aspects to try to cheer up shareholders here and ask a few serious questions of the Chairman, Susan Searle.

The Shocking Sub-Standard performance on deadline day

Published 164 days ago

I don’t write as often about my Sub-Standard Shockers XI as monthly updates saying that nothing much has happened and most of them remain in suspension is pretty dull; however, with 30 April being a crucial day in many of their calendars I thought I would do a quick review of some of the drivel emanating from these Standard Listed entities.

UK Investor Show 2018 Video: Tom Winnifrith & Nigel Wray tip their golden shares on the UK market

Published 164 days ago

This session had to be cut short as the previous speaker Ed Croft allocated himseelf an extra five minutes for his talk. Heck Mr Wray is your host, cut his talk in half so you can yak on a bit more. Not only does Ed tip all the big frauds as STRONG BUYS he has no manners either. Myself and Nigel gave £3,000 ands £5,000 respectively to Woodlarks and that cash is invested in two shares which we hope will prosper.  All is explained in this short video

Why You Need Shareprophets More than Ever, If You Hope to Make Big Money in Shareland.

Published 164 days ago

Hello Share Trippers. At the grand opening of that great Global Group Uk Investor Show just passed, Nigel Wray, perhaps Britain’s sagest investor, our own Warren Buffet, observed that the private investor gets a poor deal all round. How very true. The gathering of 3,000 of you at Westminster really did give PIs a voice, it is a start.

Folli Follie shares plunge - its denial of Gabriel Grego dossier & threats of legal action does not wash

Published 165 days ago

Shares in Greek uber scam Folli Follie are off by c30% following the publication of Globo (GBO) destroyer Gabriel Grego's damning dossier last night HERE. It has now issued a denial and threatened legal action. I have spoken to Grego.

UK Investor Show 2018 Video - Mark Slater, the UK's top fund manager

Published 165 days ago

My friend Mark Slater is the UK's top performing fund manager over the past decade. As such his thoughts on the market and what shares he is buying, holding and selling is of massive interest. Although his talk was the last of the day the room was packed, with folks standing at the back to hear every word. Enjoy.

Crazy rise on Weatherly International as investors fail to understand the RNS!

Published 166 days ago

The lack of research by many private investors never ceases to amaze me, especially as they are often putting their hard-earned money into these companies!

Hard to see value in InnovaDerma at the current share price

Published 166 days ago

Whenever a company doubles in share price in a short space of time it tends to get my attention, and I look for reasons that justify such a sudden increase.

UK Investor Show 2018 Video: Ali Hall and Julie Lavington of Sosandar

Published 167 days ago

No one seemed to disagree that Ali and Julie came across incredibly well at the show. Sosandar (SOS) is a stock that I own as does Nigel Wray and so does Paul Scott who, in his sober moments, is a good retail analyst. Anyhow see what you think. I reckon the shares are a great buy at 15.5p.

Tom Winnifrith Bearcast - The Fat Lady arrives at Nighthawk and Dave Whitby's payoff question

Published 168 days ago

In the main bearcast of the day I start by asking what payoff disgraced Dave Whitby got at worthless insolvent POS Andalas (ADL)? And were mugs who backed the latest placing told where much of their cash was going ( i.e. to Whitby). Feel free to contact me if you are an Andalas owning mug. The fat Lady arrives at Nighthawk (HAWK) and looks to be in the wings at Nature Group (NGR) while new problems emerge at Imaginatik (IMTK) - a former Rob Terry fave but I speculate on bigger worries that the Quindell fraudster faces - and at Management Consulting (MMC). I think the fat Lady may well also have an appointment with Widecells Group ( WDC) shortly. I comment on 4 reasons why Advanced Oncotherapy (AVO) shares may be falling and on looming results at Optibiotix (OPTI), where we own shares.

Widecells: Sub-Standard List shocker – should be suspended immediately

Published 168 days ago

I will do a separate piece later this week on all the Sub-Standard Shockers that have come out (or not) with their accounts on deadline day of 30 April; however, I had to comment separately on Widecells (WDC) which as I type is still trading although should be suspended for two different reasons.

UK Investor Show 2018 Video: Simon Lidington of Big Sofa

Published 168 days ago

Simon also gave a massively impressive Dragon's Den pitch which you can watch later. I own shares in Big Sofa (BST) and came away enthused as a result of the show. What do you think?

Hummingbird Resources commences commercial gold production - buy

Published 168 days ago

There is fairly limited choice when it comes to UK listed gold producers, so it is good to see another option in the form of Hummingbird Resources (HUM), which has just declared that commercial production has commenced at its Yanfolila mine.

Why I might be prepared to give Powerhouse Energy another chance

Published 169 days ago

Powerhouse Energy (PHE) is a company which I have previously been very negative on, and rightly so given its performance over the past few years. The company specialises in waste-to-energy production, either in the form of generating electricity or producing hydrogen for fuel cells, but in the past its gasification technology has failed to really take off in the way that investors had hoped.

UK Investor Show 2018 video: Richard Poulden of Wishbone Gold

Published 170 days ago

I own shares in Wishbone Gold (WSBN) in my pension and so does FIML. So, for that matter, does my son Joshua. I think that in the end we will all make money and a lot of it but so far it has been "bumpy." Here to explain why the future is golden is founder and chairman Richard Poulden.

The Beaufort Affair. We Cannot Let the Administrators Have Their Way. The Segregation of Assets Must Be Respected.

Published 171 days ago

Hello, Share Buyers. Like me, you probably have a nasty taste in your mouth over the way the insolvency of the broker Beaufort Securities is being handled. Never in my wildest dreams did I believe that ring-fenced share and cash accounts were not secure. And my inquiries of professionals in the Big City shows that most of them were unaware of such loopholes either.

UK Investor Show 2018 Video: Charles Barclay of Bluebird Merchant Ventures

Published 172 days ago

We own shares in Bluebird Merchant Ventures (BMV) and have done since its IPO. It has been a bumpy ride but things are now going very much the right way and at c3p they are very cheap. Here is Charles Barclay to explain why.

Not all "death spirals" are the same - Angus Energy Bergen Deal is truly awful

Published 172 days ago

I have made the point before but do so again that not all death spirals - or alternative structured financings or whatever the MBA phrase is - are the same. Some can actually help the share price. Some really shaft shareholders royally. All are created in a way where the provider cannot lose but some are just usurious. Why, for instance, has Angus Energy (ANGS) agreed to a deal this week with Bergen which ensures that its investors will get so utterly rogered that no amount of lube can ease the pain.

UK Investor Show 2018 Video: Kerim Sener of Ariana Resources

Published 172 days ago

Kerim Sener is the founder and CEO of AIM listed gold producer and explorer Ariana Resources (AAU). He is one of the nicest and most honest guys on the market and I think Ariana shares are cheap. To see what he had to say at the UK Investor Show 2018 watch the video below. Enjoy!

Tom Winnifrith Bearcast - 3 more Woodford disasters today & one tells a MASSIVE FECKING LIE as well

Published 173 days ago

Oh dear it is another bad day at the office for Neil Woodford. First up I answer the question posed by Cynical about the great man HERE. Then I look at the disasters one of which told a monstrous lie in its RNS today: Mereo BioPharma (MPH), Mirriad (MIRI) and Hvivo (DOG). Then I look at Concepta (CPT), shares in which we own, Nighthawk (HAWK) and its dead cat bounce and finally at uber ramp Sound Energy (SOU) and what a CPR based on 2D seismic really means, i.e. Jack shit.

UK Investor Show 2018 Video: Ian Bristow of Symphony Environmental

Published 173 days ago

I had a great chat with Michael Laurier of Symphony Environmental  (SYM) about how when we first met the shares were 2p and I had faith in him then. They are now well over 20p. Michael gets a lot of stick but for delivering 1000% gains - albeit over 12 or 13 years - he deserves some credit.  Presenting the Symphony case at UK Investor Show was FD Ian Bristow. Enjoy.

Cluff Natural Resources looks interesting as attention returns to the North Sea

Published 174 days ago

Some positive sentiment finally seems to be returning to UK offshore oil and gas companies, and Cluff Natural Resources (CLNR) could be in a position to benefit from that. Things have been pretty dire for the North Sea focused company, and although its assets revolve around gas, which has performed badly in comparison to oil of late, any renewed interest in the area should be of benefit.

Woodford Patient Capital Trust: GOTCHA – Investment Policy WAS changed: an absolute scandal!

Published 175 days ago

Following on from my piece on Sunday in which I suspected that Woodford had covertly changed the Investment Policy for Woodford Patient Capital Trust (WPCT), it was confirmed this morning in its full year results. This is an absolute disgrace and shareholders should get on to their lawyers.

BREAKING: WPCT: Prothena blows up – yet another Woodford biotech debacle

Published 176 days ago

Just as the tide seemed to be turning in favour of a couple of Woodford’s holdings, he suffered an absolute body blow this afternoon with his largest quoted holding, Prothena (NSDQ: PRTA), which comprised 9.12% of WPCT as at end-March, as it announced that it was discontinuing the development of its main drug  and the share price collapsed as a result.

Tesla: Sell the Cult Rally at $300

Published 177 days ago

The behaviour of Elon Musk, cult leader of Tesla (NASDAQ:TSLA), is becoming more and more eccentric and, in my view, unwise.

OptiBiotix Health – positive news flow, we expect much more to come - STRONG BUY

Published 177 days ago

Recent newsflow aplenty from OptiBiotix Health (OPTI) – including ‘Appointment of Head of Online Sales and Marketing’, ‘ CholBiome exclusive distribution agreement’ and ‘New patent filings for SweetBiotix’…

WPCT – Has Neil Woodford changed the Investment Policy without telling anyone??

Published 177 days ago

Following on from Tom’s excellent presentation at the UK Investor Show yesterday I thought it only right to continue in my questioning of the “star fund manager” especially as it looks to me as if the Investment Policy for Woodford Patient Capital Trust (WPCT) has been subtly changed (to the detriment of shareholders of course) but Woodford doesn’t seem to have told anyone!

I'm surprised at the current lack of interest in Savannah Petroleum

Published 179 days ago

Given the rise in oil price that we’ve seen over the past week or so, and the highest levels that it has been at in quite some time, I’m a little surprised to see Savannah Petroleum (SAVP) still languishing at around the 12-month low. With a market cap of nearly £230 million it isn’t as likely to see such large movements as you get on the AIM micro caps, but it is still small enough that I would expect the higher commodity price to have had some impact, given that it produces significant amounts of oil already.

Vipera – recommended offer, a fair outcome?

Published 181 days ago

A recommended offer has now been made for “mobile financial services and digital customer engagement solutions provider”, Vipera (VIP) – this following it announced last month that Banca Sella was, “following recent discussions… contemplating making an offer”

Amur - Pathetic spoof

Published 181 days ago

After 16 years of missing targets and ongoing dilution, AIM listed Amur Minerals (AMC) is still nowhere near actually building its mine in Eastern Russia and still does not have a single institutional shareholder. The only folks who still believe in this stock are mug punter private investors and that means the only funding available is via bucket shops or death spirals. Right now it is the latter and hence the shares are in a steady retreat - right now just 4.5p to sell. At this rate, losing 1p a month, the shares will be trending towards zero by the summer so its time to panic and go into mega spoof.

Ascent looks like it is about to begin another descent!

Published 181 days ago

Ascent Resources (AST) has hardly exactly lived up to its name in recent times, as it has been on a steady downwards trajectory for some time now. There's now been an RNS advising of a strategic review and a formal sale process for the company being initiated. Given its situation, I certainly wasn’t expecting the market to take the news particularly well - but the share price rocketed and even as I write this, it is currently 1.1p to buy - up more than 22% on the prior close.

MySquar death spiral accelerating - morons might expect a TR1, I'm not

Published 182 days ago

Having said that it never needed to raise money again when it raised £1.2 million as it committed securities fraud on July 31 2017, MySquar (MYSQ) announced a £2.11 million death spiral deal on March 7 2018. The first £200,000 loan note conversion was announced on April 12 at 1.31p.

Frontera Resources - whore blogger Fat Bastard does his master's bidding & talks shit again

Published 182 days ago

Who would have thought it? Frontera Resources (FRR) is forced to reveal that it has a major problem in Georgia after trying to mislead investors that it did not. So what to do? Call in the whore blogger, Fat Bastard Malcolm Graham Wood to claim that nothing is wrong after all. Natch he does not disclose that he is paid to write this shite.

Chamberlin – full-year trading update, recovery commenced? BUY

Published 182 days ago

Updating in November with the shares at 66p, we noted results disappointment from specialist castings and engineering company Chamberlin (CMH) but that it looked worth holding on ahead of a further update. The shares are currently rising above 70p on a trading update for the company’s year ended 31st March…

Saga: buy 'em even if you are a young 'un

Published 182 days ago

We all like shares that go up a lot but in terms of idea generation I think the biggest fallers list is by far the most interesting.  Near the end of last year I saw that the insurance and travel company Saga (SAGA) shares fell sharply after the company said that its profits would be hurt by a combination of factors including 'a lower level of written to earned benefit and a decline in reserve releases' and investing more into new 'customer acquisitions'.  The net impact was that profits were expected to be 5% lower...but the shares fell over 25%. 

Pelatro: Cracking contract win for my tip of the year

Published 182 days ago

Pelatro (PTRO) was my most recent conviction BUY, when it came to market at 62.5p last December. Still early days but a hugely material contract win announced this morning provides further encouragement in advance of maiden results due out on 1 May.

Frontera exposed as employing liars as it finally fesses up that it does face an Arbitration Court - shares uninvestable

Published 183 days ago

On Thursday I ran an article suggesting that the state oil company in Georgia was going to an International Arbitration court to take acreage back from Frontera Resources (FRR) - the company's morally bankrupt PR firm Yellow Jersey and disgraced dirty tricks specialising account executive Tim Thompson declined the chance to comment. Next up Frontera lied by twitter...

Why does Avesoro Resources look so cheap on paper?

Published 184 days ago

West African gold miner Avesoro Resources (ASO) hadn’t been performing as well as investors had hoped since it started production, but things finally seem to all be coming together now.

Purplebricks: new German money should not distract from warning on revenue; sell at 330p

Published 185 days ago

Shares in Purplebricks (PURP) have had a good run of late, hitting 355p the other day, just a fraction shy of the price at which the German firm Axel Springer invested £125 million on the 26th of last month. Don't lose heart my fellow bears...

G3 Exploration, formerly Green Dragon Gas, and Greka Drilling - have you heard about the $12.5 million fine, the record falsifying and worse?

Published 186 days ago

Anyone owning shares in G3 Exploration (G3E), the howler formerly known as Green Dragon Gas, or Greka Drilling (GDL) is bonkers given that both companies are in a parlous financial state but also given their track record of swimming through seas of red flags. Remember the bloody dossier? Well here is another massive red flag from the sister company also run by Randeep S Grewal, California based Greka Oil & Gas.

Air Partner - after £4m profits overstatement , CFO walks with immediate effect: More questions to be answered

Published 186 days ago

Someone, other than the worm formerly in the accounts department who stands accused of covering up an up to £4 million profits overstatement, had to pay the penalty for the mess at Air Partner (AIR). Hopefully its prize shit of a PR man Tom Allinson will be next but the first to walk the plank is Chief Financial Officer, Neil Morris.

Over-reaction to sanctions against Russia offers a buying opportunity in Polymetal International

Published 189 days ago

Sudden large drops in share price as a result of a knee-jerk reactions to political world events can present great buying opportunities at times, and I certainly believe that to be the case with the falls we have just seen in the value of many companies with operations in Russia.

Don't buy into the Tomco spike - its shares are truly worthless

Published 190 days ago

Shares in Tomco (TOM) are up by 40% today at 2.2p-3p thanks to a jam not even tomorrow but one day statement. But caveat emptor. The City's No 1 oil analyst Zac "the knife" Phillips of SP Angel warns that the business is just plain worthless. He opines:

Avanti - Calling all morons: back our bailout with more of your cash. PS We will probably still go bust anyway

Published 190 days ago

How the bombastic Welsh prick David Williams, the former CEO of Avanti Communications (AVN) must be laughing today. Having sold millions of pounds worth of shares himself at almost £8 as he urged others to buy, pushing ramptastic broker notes out for everyone to see, the ruin he left is today fully exposed. But Williams has made £15 million from this wheeze so he's happy.

Pantheon Resources ouch & double ouch and more ouch to come

Published 190 days ago

Is there any good news in today's latest 'fess up to a feck up RNS from Pantheon Resources (PANR). Er no... it is bad, badder and just a tad misleading.

Woodford’s Biotech Woes: Part 2 – hVIVO

Published 192 days ago

Completing my weekend mini-series on a couple of (the many) Woodford-owned biotech investments that haven’t quite worked out as he would have hoped, I couldn’t help but notice that hVIVO (HVO)lost about 50% of its value this week so wondered what was going on.

Woodford’s Biotech Woes: Part 1 – Oxford Pharmascience / Abaco Capital

Published 192 days ago

I may have mentioned a few times that I thought Neil Woodford had lost his marbles when he went pretty much all-in on early-ish stage biotech stocks in recent years but although everyone will be aware of the high profile disasters such as Northwest Biotherapeutics and Circassia (CIR), I thought that I would highlight a couple more examples this weekend that hit my radar this week showing how difficult / impossible it can be to pick biotech winners. First up, the business formerly known as Oxford Pharmascience, now Abaco Capital (ABA).

Hurricane Energy is nearing first production, buy for the rise

Published 193 days ago

When it comes to anything on the operational front amongst smaller companies in the oil sector you tend to pretty much expect some delays and the directors are often over optimistic when it comes to timelines for delivering certain milestones.

Smart deal and Smart Financing by Red Rock

Published 194 days ago

Tin hat on! Defending my friend Andrew Bell is always a way to get the modern equivalent of hate letters in green ink. But here goes anyway, proof that the guy can do smart deals and that those who say everything he does turns to dust are talking rubbish. Let's just look at some facts.

Tom Winnifrith Bearcast: the investment case for gold and two shares I am likely to buy next week

Published 197 days ago

Tomorrow is the birthday of the Mrs so there may not be a bearcast. If not I shall be back on Wednesday morning ahead of a flight to New York on Global Shorting Conspiracy business. In today's podcast I look at why gold like my Wisdens is an investment. Then I discuss two shares in AIM stocks which, for very different reasons, I am considering buying next week and I'd like to thank one of my colleagues for - perhaps - giving me a chance to do so very cheaply. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH

I can see why the market was less than impressed with Providence's Barryroe farm-out

Published 197 days ago

Providence Resources (PVR) was once a favourite of AIM natural resources investors and speculators back in the heyday at the start of this decade, when any company finding potentially decent amounts of oil saw its share price rocket.

All is not lost, don’t despair - I expect Sosandar and Woodford to spring back to life

Published 197 days ago

As today is the day to celebrate resurrection, I thought it fitting to comment on a couple of stocks, namely Sosandar (SOS) and Woodford Patient Capital Trust (WPCT). Despite a difficult first quarter for the pair of them, I expect them to laugh death in the face and crack on from here bigger and better than ever.

The uranium market looks set for an upturn and Berkeley Energia will benefit - buy

Published 199 days ago

Berkeley Energia (BKY) was once one of the more popular shares on AIM, and there was plenty of interest as its share price rose steadily on speculation.

Sosandar – a loss on revenue of £0.9m, but continues to look set for take-off: STRONG BUY

Published 200 days ago

Sosandar (SOS) has announced results for the nine months to 31st December 2017 – yes, they show a £2.1 million operating loss on revenue of £0.9 million, but remember its website only went live in September 2016 and momentum is very positive indeed…

Professor Stacey's Famous Easter Lecture. Should a Christian Trade Shares?

Published 200 days ago

Hello Share Mashers. Yonks ago I bought a book telling how a Christian could still trade shares. A bit of an insult, I thought, as that implies the two disciplines are incompatible.  But I soon realised that some investors go against Christian principals. Here’s how Christians might conduct their share activity.

RM2 International: Woodford all-in holding seven-deuce; wonder how it will turn out?

Published 201 days ago

I ended my most recent piece on RM2 International (RM2) with a suspicion that Woodford was getting tempted to support these guys one last time and today a $36 million placing at 1p was announced, pretty much wiping out the existing shareholders and leaving him holding 67% of this uber-dog!

For some cheap exposure to gold, take a look at Highland Gold Mining

Published 201 days ago

Given what is going on in the markets and world in general at the moment, it would seem silly not to have gold featuring somewhere in your portfolio.

Video- Clem Chambers presents at Gibraltar Blockchain conference.

Published 203 days ago

I make no comment about the latest outing by the boss of Online Blockchain (OBC). You will see in the declaration that I don't own the shares and that is not likely to change.

Another tax black hole emerges - this time its Nature Group, shares suspended

Published 203 days ago

What is it with small and mid caps on the London market and their inability to budget for tax bills? I start to wondser how many FD's out there received their training in such matters from the late Sir Ken Dodd or from Lester Piggott. Following on from the debacle at Conviviality (CVR) next up is Nature Group (NGR).

UPDATED: Telit - FCA now investigating - Yes Yosi Fait you are a fecking insider dealer

Published 203 days ago

Telit Communications (TCM) and its advisers, notably PR morons Adrian Duffield and Chantal Woolcock of Instinctif, really are fucktards of the highest order. They have had to correct a statement fessing up to an FCA investigation in a material way which changes its meaning. God help these clowns.

Woodford Patient Capital Trust: Surely this is a breach of Investment Policy?

Published 203 days ago

Further to my update piece last week, I’ve managed to take a closer look at the end-February portfolio of Woodford Patient Capital Trust (WPCT) and I just can’t make the numbers work. I can only assume that Woodford has breached his investment policy; let me explain.

Asiamet Resources continues to make good progress and remains a long-term hold

Published 203 days ago

When it comes to AIM mining companies, the majority of them will fail dismally and won’t even come close to producing anything or selling on their ‘assets’, but occasionally one does come through which looks like it could really make it. Contrary to popular belief, there are actually a few decent mining outfits listed on AIM – including an old favourite of mine which I have covered here a few times in the past, Central Asia Metals (CAML) – and I believe that if it carries on delivering as it has done up until now, then Asiamet Resources (ARS) could soon join that select club.

Anglesey Mining – shares down 18% on no news, why?

Published 204 days ago

Well here’s a blast from the past! I used to hold a few shares in AIM-listed Anglesey Mining (AYM) some years ago. What caught my eye was the 18% share price drop on no news – the last we heard being its interims to September 2017, released back on 30 November 2017 when we were told us that now is the opportune moment to move forward with the development of the Parys Mountain base metal project. Blimey - after all these years! But what with?

Axel Springer invests £125 million but Purplebricks bosses are dumping shares as it issues profits alert

Published 204 days ago

The good news for Neil Woodford and the other saps who own Purplebricks (PURP) shares is that German media conglomerate Axel Springer has invested £125 million at 360p - a material premium to thge recent VWAP. But then there is the bad news...

Could Blenheim Natural Resources finally be on the verge of turning its fortunes around?

Published 205 days ago

Blenheim Natural Resources (BNR) has always been one of the more popular shares on the AIM market, but given its performance to date it is hard to see why that is.

Five slam-dunk shares to sell for 2018 – March update

Published 206 days ago

As we approach the end on March it is once again time to look at my portfolio of shares to sell. Of course, it is now down to four after Tern plc (TERN) ditched its death spiral so we’ll need to find a replacement for that one.

The Effect the USA-China Trade War Might Have on Your Shares.

Published 206 days ago

Hello, Share Moochers. The biggest cliche in the book is the markets hate uncertainty. And there’s oodles of uncertainty about the trade war that’s building between the USA and China. But aside from the clash of the Titans, how will the issue affect shareholders here in Blighty?

Woodford Patient Capital Trust: The Big Short (Feb updates: WPCT) – Family silver being sold and the future looks bleak

Published 207 days ago

Almost three years after launch, Woodford has achieved what would have seemed impossible at the launch of Woodford Patient Capital Trust (WPCT) back in April 2015 in that he has managed to compile a portfolio of 85 holdings without one obviously profitable company among them. Having sold the star of the portfolio in the month namely A J Bell, to keep the lights on and fund a few other future dogs, he’s now left with a whole array of cash-guzzling, largely illiquid dogs – what’s not to like.

Zac sticks his knife into Saffron (again) - damning comment

Published 207 days ago

Shares in Saffron Energy (SRON) are suspended, as seems to be par for the course these days, but that has not stopped the City's No oil analyst Zac "The Knife" Phillips of SP Angel from sticking it to the company. His latest email is damning.

BCA Marketplace and those share trades that show the stench of panic

Published 208 days ago

BCA Marketplace (BCA) was written up as "The Big Short" in my major Autumn dossier at 221p HERE. The shares are now 149p. And the share trading by those connected with it of late stinks of panic suggesting that it is a big a short as ever.

Green & Smart - AIM investors robbed again

Published 209 days ago

Green & Smart (GSH) a biogas company from Malaysia is the sort of dog with fleas that has helped to make the AIM Casino the world's most successful growth market. In second place is the Upper Volta bitcoin exchange. Announcements over the past few days are a scandal but, as ever, no heads will roll.

Purplebricks shares have tanked - what is going on? A cue for Neil Woodford to top up?

Published 209 days ago

In days gone by Britain's most conceited fund manager Neil Woodford would have noted how shares in Purplebricks (PURP) have slumped from 440p to c300p in just over three weeks and because Nomates always knows better than the market he would have topped up his holdings. But cash is a tad tight for Neil so he has not done so yet. Maybe he will indeed extend his fund's overdraft and catch another knife? But why are the shares tanking. I suggest you ask RICS.

Falcon Media House: Oh dear – directors quit and a massive funding hole found!

Published 210 days ago

It’s clearly one of those weeks where chickens (or falcons) come home to roost as the wheels have well and truly come off at Falcon Media House (FAL) this week and it looks like the inevitable is starting, only two years after I started warning about it HERE.

Paul Scott says Conviviality Refinancing could be at as low as 30p

Published 211 days ago

Having filled his boots with shares in Conviviality (CVR) the day before they were suspended pending clarification, the UK's top share blogger now reports that a rescue bailout could be at as little as 30p. 

Hard to see how Weatherly will escape drowning in a sea of debt

Published 211 days ago

One of ShareProphets regular readers, Wildrides, has asked me to take a look at Weatherly International (WTI), and as I do follow the mining sector quite closely, I am happy to give my thoughts on the company.

Amerisur Resources can turn its fortunes around and has an exciting year ahead

Published 212 days ago

Amerisur Resources (AMER) has certainly failed to live up to the expectations of its investors and the share price has been in a downward spiral for several years now.

Why It Might Be a No-Brainer to Subscribe Here before the End of the Financial Year

Published 213 days ago

Hello, Share Walkers. Anyone not subscribing the measly £5.99 a month to reap all the trading advantages of this beautiful website is probably taking an unacceptable risk. Especially at this time of year, when you still have a chance to sell your losers to cut your capital gains bill.

In his own words. Neil Woodford on Vernalis, his disaster of the day (up for sale and firing staff)

Published 215 days ago

The chart below says it all. Neil Woodford managed funds own 28% of Vernalis (VER). The shares were 50p when he filled his boots in a placing two years ago. They are now 4.5p as the company has started closing down its operations and has put itself up for sale. As ever, as the shares tanked, Woodford knew better....

Buy Bluebird Merchant Ventures at 3.8p - target 12.8p or higher

Published 216 days ago

Okay, Bluebird (BMV) is a corporate client of broker SP Angel so take this report with a pinch of salt but analyst John Meyer is no fool - although he sometimes lacks a sense of humour. And the 24 page report is very detailed. And of course we own the shares and I do think they are cheap at 3.8p although I'm not sure that i am as optimistic as Meyer. Anyhow, he is the expert and writes: 

Telit is this its fourth, fifth or sixth 2017 profits warning?

Published 217 days ago

You rather lose count after a while. The first 2017 profits warning was on August 7, when mortgage fraudster and fugitive from US justice Uzi Katz served up the interims. Thereafter with insider dealer Yosi Fait taking over Telit Communications (TCM) has served up so many profits warnings that I have almost lost count. And today there is another...

Servision admits that shareholders are fecked, another vindication for the Sheriff of AIM

Published 217 days ago

With its shares suspended pending clarification, long time aggressive accounting, cash guzzling, AIM uber dog Servision (SEV) has updated those dumb enough to hold its shares, despite all the warnings here, about the slide into the abyss.

Crusader Resources IPO should see plenty of interest

Published 217 days ago

Generally, I’m wary of the reasons for companies which are already listed on other exchanges deciding that they want to be dual-listed on the AIM market. This is especially the case when it comes to ASX companies operating in the natural resources sector, as in general the track record for those hasn’t been great, with often very little of substance being achieved despite large sums being raised on AIM. There are exceptions though...

Online Blockchain - does a fashionable name really justify a higher market valuation?

Published 218 days ago

Currently it seems that the mere mention of cryptocurrency or blockchain can drive investors into a frenzy, with people thinking that the new Bitcoin is about to be born, when the actual reality is that most of these companies will ultimately fail. It seems to be a bit of a ruse that is being used at the lower end of AIM, whereby the company announces some sort of involvement in this field, knowing that it will gain some interest as a result.

Optibiotix - launch of Slimbiome in Nutribites: STRONG BUY

Published 219 days ago

Heck, even semi-pro Adam Reynolds baiter Cynical Bear seems to be warming to Optibiotix (OPTI) as you can see HERE. And there are fundamental reasons for this. We noted last week:

Begbies Traynor - Bank good Profits on good news

Published 220 days ago

Begbies Traynor (BEG) has said that third quarter trading was in line and it is confident. It has also announced the purchase of small corporate finance boutique Springbord Corporate Finance. Its all good, the market loves it and the shares have raced ahead to 74.2p bid.

RM2 International: More good news – one more month’s stay of execution!

Published 221 days ago

It’s amazing what can be done when one’s back is against the wall. For the third month running, the guys at RM2 International (RM2) have found some cash from behind the sofa and can put some money in the meter. Its RNS this morning is its most upbeat in a while although I'm not sure it will alter the long-term outcome.

Video: Optibiotix boss O'Hara on Blow Job TV - a BUY despite the Proactive jerk off

Published 222 days ago

You know that I view soft soap paid for interviews with folks like Proactive in a deeply negative way. But Steve O' Hara of Optibiotix (OPTI) comes, I believe, across well and explains the import of recent announcements. In this interview O Hara gives the sort of hard numbers I have used in my writings on this stock. Paul Scott shows an extremer double standard in describing this as "nudge, nudge wink, wink" - I just called it talking to a company which is what anyone sensible would do. I explain why Scott is talking cock and applying double standards HERE. As for Optibiotix, do your maths listen to the whbole interview ( the last 30 seconds are very interesting), the shares are incredibly cheap at 62p offer and will go to well over 100p this year if half of what O'Hara says in this interview comes good. BUY.

Jersey Oil and Gas is worth a look before it drills Verbier this summer

Published 222 days ago

Jersey Oil and Gas (JOG) hasn’t had much luck in the past, having managed to get a decent sized field into production it was subsequently hammered by the collapse in the oil price.

Optibiotix new contract with Fine Foods and Pharmaceuticals: More to come - Strong Buy

Published 222 days ago

Optibiotix (OPTI) has announced that it has signed a production and commercialisation agreement with Fine Foods & Pharmaceuticals N.T.M. S.p.A. The agreement grants Fine Foods an exclusive license for the production and supply of five formulations containing OptiBiotix's LPLDL® strain in Europe in return for royalty payments and a commitment to maximising the financial return for both parties.

Free Crypto pizza with Clem Chambers - what could be better?

Published 223 days ago

It is advertised all over ADVFN with - I assume - Online Blockchain (OBC) paying the full commercial rate. But here's a promo for free. How would you want free pizza with PR bird Steffi and the entertainment provide by ADVFN (AFN) and Online boss Clem Chambers. I say entertainment - have you seen this video below?

Luceco shares crash today - a timeline to consider - the CEO is share trader of the year

Published 224 days ago

Today saw the second profits warning in three months at Luceco (LUCE). It floated at 130p on 17 October 2017 but here is a more recent timeline to consider. 

Despite the name change to Maistro, blur looks set to continue to perform badly!

Published 225 days ago

Despite changing its name from blur Group (BLUR) to Maistro (MAIS) at the start of the year, it is hard to see much of a change when it comes to the fortunes of the company. Basically, it offers businesses a platform for the procurement of business services, including marketing and human resources, and on its website it boasts that it has been in the business for over a decade. With that in mind, it doesn’t exactly look great that the company is still racking up heavy losses each year, and looks like it is going to continue doing so for the foreseeable future.

Why I'm Sorry to See Beaufort Go

Published 225 days ago

Hello, Share Tickers. Search the financial pages as I might, I could find no mention that Beaufort Securities has fallen into liquidation. It seems that to the press, the BBC et al, the fact that a broker with 20,000 private clients goes bust doesn’t count for anything.

Big Sofa Technologies: Look, I’m sorry, OK? I’m really, really……really sorry

Published 226 days ago

I dropped Tom a note immediately upon seeing the great looking Ipsos funding deal with Big Sofa Technologies (BST) on Friday morning saying that it looked like good news. He followed up immediately with a demand for a grovelling apology. Being a reasonable sort, I thought I had better do the decent thing and give him as fulsome a one as I can muster from the bottom of the heart.

Kibo Mining: Lightning strikes twice and this time it looks even messier

Published 226 days ago

Almost exactly three years ago, Kibo Mining (KIBO) raised funds from Hume Capital, a couple of weeks before it went into administration still holding the placing proceeds. Somewhat unbelievably, history has repeated itself with Beaufort Securities going into insolvency on Friday. It looks like a right old mess.

Arix Bioscience: Will the Chinese save Woodford’s bacon?

Published 229 days ago

In my conclusion to The Big Short series on Woodford Patient Capital Trust (WPCT), I wondered where new pools of capital could come from to keep these biotech valuations afloat now that Woodford has run out of money and I considered capital from China as a potential life-saver. Two pieces of news this week make me consider this further, one in relation to another long-term short pick of mine in the biotech fund space, namely Arix Bioscience (ARIX).

Vernalis: Another Woodford horror-show – a classic example of what happens when the money runs out!

Published 229 days ago

Vernalis (VER) raised the white flag in its RNS yesterday morning and it is no great surprise to see Woodford and Invesco dominating the shareholder base. I hate to think how much Neil Woodford has spent on this dog over the years, but I’m going to see if I can work it out.

Management Resource Solutions continues to turnaround the business

Published 230 days ago

Occasionally a company which looks dead and buried does actually manage to turn things around, and I’m starting to wonder if that will be the case with Management Resource Solutions (MRS).

Feedback - Oh dear, Malcolm appears to have contracted a nasty bout of Woodforditis

Published 231 days ago

To be clear, I don’t believe Malcolm has ripped off shareholders in an investment trust he manages by stuffing it full of unquoted stocks to save his bacon elsewhere; however, he does seem to have picked up a few of the “star fund manager’s” bad habits when it comes to a stock, namely Feedback (FDBK).

Yet another pump and dump playing out on Nu-Oil and Gas

Published 231 days ago

Nu-Oil and Gas (NUOG) seems to be one of those AIM shares which periodically finds favour with private investors, despite never actually having achieved anything of note other than burning through investors cash over the years.

Even at the current lows it is hard to see value in the People's Operator

Published 232 days ago

The People’s Operator (TPOP) is one of those AIM companies where it is hard to see how it will survive in the longer term, and unless things somehow alter dramatically, the recent changes will only delay the inevitable.

It is easy to see why Ocado is heavily shorted

Published 233 days ago

It isn’t hard to see why shopping delivery firm Ocado (OCDO) is one of the most shorted shares on the market, given its current valuation.

San Leon Energy – a number of OML 18 “issues”. Being addressed? Really?

Published 233 days ago

San Leon Energy (SLE) has reported on a number of “issues”, though with CEO Oisin Fanning arguing these “are not expected to affect, materially, the long-term field performance, whilst in the shorter term San Leon has a number of protections in place for receiving loan note repayments which are expected to be approximately $19 million per quarter” But does anyone believe Mr Fanning any more?…

Sell the IQE Rally at 133p

Published 234 days ago

Shares in tech wafer supplier IQE (IQE) have been on a tear recently - after the company has been the subject of not one but two short reports which questioned the accounting treatment of two joint ventures it set up in 2014.

Interserve – slipping again. Has it mortgaged itself too far?

Published 234 days ago

I haven’t commented on fully listed Interserve (IRV) for a while. This, of course, is another outsourcing company doing our blessed government’s good works for it – and, like Carillion (RIP) is struggling with its debt (albeit we are to believe to a lesser extent). It is also a company which has delivered less than complete clarity. But it is under new management. So I wonder why the shares (now down to just 64.9p to sell as at Friday’s close) have again been slipping.

PCG Entertainment: When did something last happen at this cash shell and no, Mr Poulden, A PLACING DOES NOT COUNT!

Published 234 days ago

I last wrote about PCG Entertainment (PCGE) about six months ago (HERE) after it announced its Riverfort funding deal which I thought was potentially ok provided PCGE kept up its newsflow to provide the necessary liquidity to soak up the Riverfort sales; however, unfortunately, nothing of any import has been announced and in fact, nothing has happened at PCGE since the dark ages it seems – isn’t it just a cash shell?

Woodford Patient Capital Trust: The Big Short (Jan updates) – Someone’s got to do it!

Published 234 days ago

As Neil Woodford is such a believer in transparency, he has pulled his monthly updates altogether so these monthly updates now take on a greater importance to provide much needed information to the long-suffering investors in the three funds. Can’t imagine why Woodford stopped them?

Top Ways to Protect Yourself Again a Share Crash.

Published 234 days ago

Hello, Share Carriers. Even a raging bull like myself has to accept that sooner or later shares will crash to more realistic levels. There was a scare in that unhappy direction a couple of weeks back, but it seems to have been a false alarm. That doesn’t mean that the real thing - a proper crash - doesn’t continue to threaten us. So what should we do to preserve our assets now?

Crack out the Ouzo - UK Oil & Gas shares in freefall on Broadford Bridge disaster

Published 238 days ago

If it was not ouzo o'clock at the Sheriff's Greek bolt-hole after the Servision (SEV) debacle it sure is now after UK Oil & Gas (UKOG) fessed up to disastrous news from Broadford Bridge. We bear have been utterly vindicated but there is far worse to come for the morons who thought they knew better - the shares have slumped to 1.9p but they will now inevitably fall to as low as 0.5p in the coming weeks.

UPDATED: Servision - shares suspended pending clarification, i.e its fecked! Told y'all

Published 238 days ago

"CEO Gidon Tahan, ex broker Beaufort Securities, Auditors Hays Macintyre, PR himbo Christian Taylor Wilkinson, lacky Nomad Nick Athanas of Allenby, financiers Yorkville, the Bulletin Board Morons we have beaten them all, we have beaten them all!). Servision, can you hear me? Servision ... your boys took a hell of a beating! Your boys took a hell of a beating!"

SpaceandPeople – “Contract Renewal and Expansion”. Outlook encouragement?

Published 239 days ago

Previously writing on promotional and retail merchandising space company SpaceandPeople (SAL), I concluded although obvious company trading risk remains, hoping the suggested value is more widely recognised, ahead of the results detail if I were a holder I’d continue to do so. There’s now a Contract Renewal and Expansion announcement. Sounds promising…

Buy the dips on Cairn Energy

Published 239 days ago

Cairn Energy (CNE) is one of a number of oil producers which look to be unloved by the market currently, but I would expect that to change in the future. In recent years the company has had impressive amounts of reserves on its book, but has now moved to the stage where it is producing from several of those fields, and with more to come in the near future.

The Seven Mythical Wonders (Feb update) – Good news for Kibo Mining

Published 240 days ago

I started the year with a light-hearted look at a few value-generating AIM yarns that appear to have a lot in common with the Loch Ness Monster as there is some doubt as to whether they are ever going to be seen. It feels like monthly updates are appropriate and it’s been a busy start of the year for some of these AIM yetis.

Idex - yet another Woofdog Norwegian money pit! Is Neil actually Montgomery Brewster in disguise?

Published 240 days ago

I would urge anyone interested in these Woodford stock stories to read the sister Norwegian piece relating to Thin Film Electronics first as the similarities are astounding but it is worth covering Idex in its full glory. Yet another horror show.

Itaconix – a bit more to add on this classic Woodford dog case study

Published 242 days ago

I appreciate that Steve covered the highlights HERE but it is worth providing a bit more information on yet another yapping Woodford pug as the tale is all too familiar and one that will no doubt be repeated again and again in the future.

EXCLUSIVE: MX Oil - Placing underway £500k at 0.5p

Published 243 days ago

A statement is needed. A reliable source tells me that a placing is underway seeking to raise £500,000 at 0.5p. The shares are currently 0.65p-0.75p. Ouch.

Stadium Group – recommended offer from TT Electronics. The context...

Published 243 days ago

Stadium Group (SDM) has announced it’s recommending a 120p per share offer from main market-listed TT Electronics (TTG), with Stadium Chairman Nick Brayshaw emphasising “the Stadium board's strategy in transitioning the company to a design-led technology business with a focus on wireless connectivity, power and interface and displays has been successful”

Mosman Oil & Gas - the Pump & Dump, naughty naughty Zac "the knife" & SP Angel

Published 243 days ago

Two days ago Mosman Oil & Gas (MSMN) , share price at peak ramp 44p, put out its latest meaningless RNS. But it was the pump and I am afraid to say that the City's No 1 oil analyst Zac Phillips and his colleagues at SP Angel played their part....

Confirmation of a merger deal would be great news for SOCO International

Published 244 days ago

When SOCO International (SIA) announced a possible merger the market seemed to take the news well, but ever since then the share price has been on the slide and it looks like this could be a good buying opportunity.

Can TalkTalk turn things around?

Published 246 days ago

TalkTalk Telecom Group (TALK) has been having a torrid time recently and has pretty much seen its share price halved since the start of November. It has posted some disappointing results, and given that the slide in share price started just prior to the release of the interims around three months ago, it would seem that such figures weren’t entirely unexpected.

Reach4Entertainment Trading Statement - really not impressed by PR idiots but strong hold at worst

Published 247 days ago

Reach4Entertainment (R4E) has served up a trading statement which is, to use the technical term, nonsensical bollocks. But the shares are a very strong hold, at worst, at 1.95p.

If you want to invest in lithium, don't ignore Bacanora

Published 247 days ago

Lithium has been all the rage amongst AIM investors over the past few years, but the reality is that many of the projects which people have been getting excited about will fail to ever actually produce anything.

EXCLUSIVE: Insight into the Woodford investment diligence process

Published 247 days ago

After much digging and talking to those in the know I have managed to piece together how Neil Woodford and his team assess potential investments and have actually managed to access a transcript of a recent investment meeting that makes very “interesting” reading!

Randgold can overcome the problems in the Congo - buy

Published 247 days ago

It isn’t often that I look at shares in a FTSE100 company and can easily see a very high chance of a 25% or more gain in share price over the coming months.

This week's Primary Bid offer is Frontera Resources - Woof Woof I'm out

Published 248 days ago

Frontera Resources (FRR) is a dog with fleas but it is aggressively ramped and promoted. And it has just announced a £2.5 million fully underwritten open offer at 0.466p via Primary Bid.  This represents a discount of approximately 17.5% to the closing mid price today.

A Few More Big Reasons Why We Shouldn't Fear the Present Crash.

Published 248 days ago

Hello, Share Changers. I know a lot of you worry about this Wall Street mini-crash. But your fears are probably unfounded. We’ve had a bull market lasting eight years. A correction was necessary. But it’s not been as bad as some writers on this magnificent website have been predicting. Neither will the big sell-off last.

Tom Winnifrith Photo Bearcast: FFS DO NOT WAKE JOSHUA

Published 249 days ago

Friday is one of my two and a half days a week when my 17 month old son Joshua is not at nursery and I am the primary carer. I am such a fucking feminist it is unbelievable. In fact I am almost expecting Harriet Harman to call for the Mrs to start giving me vast sums of money for being such a role model. Anyhow, I record with Joshua snoring so if I speak quietly it is so as not to wake him. In this podcast I cover Angus Energy (ANGS), UK Oil & Gas (UKOG), IQE (IQE), Versarien (VRS) and Sosandar (SOS), shares in which I am VERY happy to own.  My son and heir is pictured snoring away below.

Falanx shares to double & video interview with CEO Mike Read

Published 250 days ago

As it happens, I reckon that Falanx (FLX) shares, which we own, are a stand out buy as well after yesterday's superb news. My thoughts will follow in due course. First up is the joint broker, Beaufort, with its thoughts and its video interview with boss Mike Read. 

Increased stake in GPA is good news for Parkmead Group: Long Term Buy

Published 250 days ago

I can understand why longer term investors in Parkmead Group (PMG) may be somewhat unimpressed with the performance of the share price recently, but the company itself is continuing to make good progress. I hold shares in the company myself, and whilst the share price has generally been trading in the mid-30p to low-40p range, in spite of the strength that the oil price has been showing in recent months, I’m happy to remain invested and see how things unfold in the coming months and years.

Tom Winnifrith Bearcast: Reach4Entertainment shares are a buy but I do not believe a word of today's trading statement & its PR men should be shot at dawn

Published 251 days ago

I start with why this bearcast is late. I got back very late from London where I was watching my daughter play Harold Wilson in Made in Dagenham and she was brilliant. So too was the musical. Well done Olaf although you are wrong about the gender pay gap! I look at the market bounce and the shit that is leading it. I look in  real detail at the trading statement at Reach4Entertainment (R4E) where I am a shareholder, at Woodford dog RM2 (RM2) which is going on a one way trip to the vets in a fortnight and also at Woodford Patient Capital Trust (WPCT). Post bearcast it announced its NAV at 85.93p which means gearing must surely be through the 20% barrier. I also look at Optibiotix (OPTI) and the warrant exercise issue.

The WPCT scandal – Shareholders should contact the Board and the FCA immediately

Published 252 days ago

I’m not normally one for emotive comment but my “Big Short” thesis at Woodford Patient Capital Trust (WPCT) is playing out almost exactly as I anticipated, albeit more quickly than I imagined, and it is an absolute scandal, make no mistake. All shareholders should be seeking redress and recompense immediately. Let me explain.

Breaking: Prothena & Purplebricks crashing - is Woodford Fund now in breach of borrowing/unquoted limits? RNS needed ASAP!

Published 253 days ago

As predicted here at the weekend Nasdaq listed Irish biotech Prothena (US:PRTA) is suffering a bloodbath today following the shock after hours resignation of its CMO on Friday. Shares in Purplebricks (PURP) are also crashing and that leaves the Woodford Patient Capital Trust (WPCT) in serious trouble - has it breached its banking limits yet?

Obtala - house broker VSA slashes target but still sees shares doubling from here

Published 253 days ago

In the wake of the recent fund raise by Obtala (OBT), the company's house broker VSA has slashed its price target from 36p to 25p but it is forecasting EPS of 1.6p for calendar 2018 and with massive asset backing, explains in a detailed note out today, why the shares will double from the current  12.625p mid. We own the shares and, for what it is worth, I agree with analyst Edward Hugo.

Lyin' Steve at UKOG - wakey, wakey its February 5th so about that flow testing you were finishing in January?

Published 253 days ago

Does Lyin' Steve Sanderson of UK Oil & Gas (UKOG) know what month it is let alone what day of the week it is? I am only asking because of a statement he snuck out when all sane folks were not watching the screen, on December 27 regarding flow testing at Broadford Bridge. Remember that companies - especially those with stacks of death spiral loan notes to convert - hurry out good news and always delay bad news. So rewind to when you and I were focusing on mince pies, the man who specialises in porky pies stated:

IQE - How this plays out Monday Morning & a heartfelt apology from me

Published 254 days ago

I see that smarmy lefty millionaire comedian Bob Mortimer is boasting in today's Sunday Telegraph about how he bought IQE (IQE) as a penny stock and it is now 163p. Methinks not Bob. I warmed folks to sell at 138.5p in a detailed dossier published in October HERE. Matt Earl's 36 page note of Friday has really set the cat among the pigeons. The shares are 104p but will - I suspect - tank on Monday.

UPDATED: This week's Primary Bid Offer is Obtala - take it up! BIG TIME

Published 255 days ago

UPDATED: We own these shares and I am a fan of boss Miles Pelham to whom I have just spoken. With this cash and the placing announced earlier this week Obtala will report positive and meaningful EPS this year. Its shares trade at a massive discount to NAV. TAKE UP THIS OFFER. Obtala (OBT) has announced a Fundraise  via  Primary Bid at a subscription price of 12.5p per Ordinary Share.  This represents a discount of approximately 9% to the closing mid price on Thursday 01 February, 2018.

Why Disappointment over this Big USA Oiler's Numbers May Be a Buy Signal for Shell and BP

Published 255 days ago

Hello, Share Slickers. The world’s biggest oil company Exxon Mobil has posted disappointing numbers. As a result, the shares dipped 5%. Analysts were expecting profits to jump on the big rally in oil prices.  But get this. The company actually announced 4th quarter net profits of £8.4 billion. Yes, $8.4 billion!

Tom Winnifrith Bearcast: Don't tell Neil Woodford but Purplebricks is worth just 94p per share - or probably less!

Published 256 days ago

Today's bad news for Britain's most conceited fund manager, Neil "Nomates" Woodford is a savage note on Purplebricks (PURP) by broker Jeffries setting a 94p target as you can see HERE.  I discuss why this target could be too low or could be far too generous but the shares are certainly a slam dunk sell. I look at IQE (IQE) in light of Matty Earl's bombshell note HERE. There is comment on Online BlockCrap (OBC) and a look behind the headline numbers and the turd polishing which shows why Mobile Streams (MOS) is so deep in the unpolishable merde 

Interserve – that’s quite a short position: what do they know?

Published 256 days ago

I noted yesterday that shares in fully-listed Interserve (IRV) seemed to be in free fall. At time of writing they were down 15% and they dropped further at the close. There was no RNS, nor any news I could find. Following a spot of digging, the FCA spreadsheet of net short positions shows a spot of recent activity: why?

Purplebricks responds to damning Jeffries report but not convincingly

Published 256 days ago

Purplebricks (PURP) shares continue to tumble despite it attempting to attack a damning report out late yesterday from broker Jeffries which claims to show that the company may have been lying. The Purplebricks response , a denial, simply does not convince.

Jubilee Metals Group – does share price decline offer value?

Published 257 days ago

Shares in the former Jubilee Platinum, now Jubilee Metals Group (JLP) have recently been on the slide – and this including after a recent Operations Update

This may be cocksucker TV but Steve O'Hara of Optibiotix explains the bull case in full

Published 257 days ago

Okay this is a Proactive interview where the sycophantic cocksuckers ask only soft questions. But the statements Steve O'Hara of Optibiotix (OPTI) makes on the value of deals signed ( 4 minutes in) and the pipeline explain why I am so bullish. And perhaps why the chairman has just bought £100,000 worth of shares, something announced this afternoon.  At 63p offer the shares are a storming buy ahead of a stream  of big contract wins which will, finally, push the stock to 100p and beyond, IMHO. 

Big Sofa Technologies: Trading update – the cash is all fine, honest!

Published 257 days ago

My Woodford piece earlier today highlighted the challenges of taking too much notice of what you hear from the company itself. I think the same can be said in connection with Big Sofa Technologies (BST) following its poor trading update yesterday.

Is Neil Rickets of Versarien a spiv? NO! is he selling more shares? Maybe? Are some of his shareholders morons? YES!

Published 258 days ago

Yesterday I posted a series of questions for Neil Rickets of Versarien (VRS), who I have always described as a nice guy even if I think the valuation of his company is crackers. To his credit he has come back ( from China) with full answers but so too has one of his shareholders a  Mr A. Moron.

Avanti & its disappearing backlog - just why is this not market abuse for the FCA to investigate?

Published 258 days ago

Bombastic ex CEO David Williams isn't the only thing that's left busted flush satellite operator Avanti Communications (AVN) in the last few months. More than 50% of the company's Backlog has disappeared too - this surely implies market abuse and is something that the FCA should be investigating?

Versarien - is the CEO a total spiv and is he dumping shares?

Published 259 days ago

On 7 December 2017 Versarien (VRS) announced that its CEO Neil Rickets had exercised 250,000 options at 12.25p - options that still have 5 years left to run. On 5 January the company casually announced that he had sold the shares on 4 January at 61.5p. Hang on Neil mate...

Telit announcement - ShareProphets RNS Translation Service

Published 260 days ago

Yesterday Telit (TCM) got tame journalist Ben Harrington to leak that it had received bids for its only asset of value its auto division. That has forced a statement which is, of course, all spin. Here is the ShareProphets translation service. Our comments are in bold.

Strat Aero, chairman, CEO and Chairman & founder walk plank, training unit canned just six weeks after open offer

Published 260 days ago

Surely this is putting the cart before the horse. On 13 December long term,, AIM uber dog Strat Aero (AERO) launched an open offer to raise up to £510,000 at 0.035p ( to complement a £590,000 placing at the same amount. The offer was 81% taken up. Today came the bad news...

Malin Corp: Yet another Woodford cash-guzzler – part of the incestuous biotech investor family

Published 261 days ago

Thought I may as well stick to a theme today and look at another Woodford investment which, surprise, surprise, undertook a placing on Friday, Dublin-listed, Malin Corp. This is yet another fund that invests in the same sort of early-stage biotech plays as Woodford Patient Capital Trust (WPCT). I will touch on why it looks overvalued to me and leave you with a piece of analysis to highlight the odd incestuous world of these biotech investors not that I’m making any accusations of course.

Notes from Underground: I have a bad feeling about this

Published 261 days ago

Tom brings up crytocurrency fraud here - The Anatomy of CryptoCurrency Scams (tweaked) - but I get the sinking feeling that cryptocurrencies is going to be the next step in ShareProphets' fraud busting path.

Frontier Smart Technologies: A solid trading update, nothing more, but still a HOLD

Published 262 days ago

A trading update this week from Frontier Smart Technologies (FST) and although it was solid enough, clearly some were hoping (including me) for an expectation beating update and the share price has come off a tad as a result. So where does it leave it.

Blatant manipulation of Physiomics share price via TR1 notifications

Published 262 days ago

Notifications of major holdings in the shares of a company are designed to keep investors informed of when large shareholders increase or decrease their position by a significant amount.

Biome – nice update and still a BUY from me

Published 262 days ago

At the end of November, Tom asked for a couple of short-term buy tips and I came up with Biome (BIOM) as one of them with a price at around 215p at the time. It has picked up a bit since then and following this week’s trading update, I thought I should provide an updated view and despite the price rise, this is still a BUY for me.

No Need to Cry Over Boohoo, the Summer Four-Bagger On-line Fashion Firm.

Published 262 days ago

Hello Share Packers. It’s probable everyone knows the ASOS (ASC) story by now. The shares were once 7p and rose to about £70. The success was due to the fact that it was in the online clothing game at its beginning. Since then other companies have tried to sell fashion on screens and have not done as well.

Goldplat – tip of the year update

Published 263 days ago

An 8p offer price on the initial recommendation piece, shares in Goldplat (GDP) currently trade slightly higher after Update on Negotiation with Rand Refinery and Modification to option Terms between Ashanti Gold and Goldplat for the Anumso Gold Project announcements thus far in January…

Can Hydrodec live up to its potential?

Published 263 days ago

Often it is wise to exercise caution when there has been a big rise in share price on the smaller AIM outfits, but that isn’t always the case and sometimes the fortunes of the company genuinely have improved significantly.

Woodford Patient Capital Trust and Benevolent AI (again) – a bit more to the shoddy tale

Published 264 days ago

I don’t apologise for banging this drum a bit more in the context of Woodford Patient Capital Trust (WPCT) as the transactions relating to Benevolent AI just look so wrong and WPCT shareholders should be fuming and raising hell. I also have a few more facts to share and two additional interesting pieces of information – one new, one old.

Pelatro: Positive trading update out - what would Daniel Kahneman do?

Published 265 days ago

As Pelatro (PTRO) is my most recent conviction BUY, I am duty bound to report on any news; so despite not having a huge amount to go on, here are a few thoughts on today’s positive trading update. The skill though in making the right decisions off the back of the new information is to forget the past and so I am channelling my inner Kahneman.

BREAKING: Hey Milestone – anything you want to tell us? Oh, OK, we'll tell then...

Published 266 days ago

AIM-listed Milestone Group (MSG) has been up to its neck in controversy for over a year now, but I wonder if the company has had some bad news it hasn’t quite got around to sharing. This is regarding its blockshain spoofery (oops), I mean its software license agreement with Black Cactus Global Inc (Envoy Group as was) which we were told it had entered into on 6 December.

Sherlock Holmes fiend Rodger Sergant tries it on with a blockchain spoof at Stapeleton

Published 267 days ago

And so the blockchain spoofing continues. Step forward Stapleton Capital (STC), a standard list shell listed on 21 September to invest in telecoms. Its main man, the Holmes groupie Rodger Sergant has seen the light and the company is now to be known as BlockChain Worldwide (BLOC) The statement issued begs questions for the sleuth at 221B Baker Street.

Will things be different this time around at Westminster Group?

Published 267 days ago

Westminster Group (WSG) is a company which I once had high hopes for, but in the past it has always been one which has promised the earth but has failed to deliver much of any real substance.

Why have i been buying more shares in SDX Energy?

Published 268 days ago

It can be difficult just buying and holding a share at times, especially when nothing is really happening with the share price and many of its peers are seeing large rises.

Woodford Patient Capital Trust: The Big Short (Dec updates) – Things are getting ever tighter

Published 270 days ago

As I anticipated in my RM2 International (RM2) piece yesterday, the December monthly updates finally came out yesterday afternoon and I thought it appropriate to provide monthly updates on The Big Short in conjunction with those each month so here goes. Quick summary: it’s not getting any easier for Woodford.

Carpetright – “significantly behind” profit warning & what does it mean for finances?

Published 270 days ago

Carpet and floor coverings retailer, Carpetright (CPR) has updated on trading for the 11 weeks ended 13th January – commencing that “trading in the important post-Christmas period has been significantly behind expectations” and also including “the severity of the decline in footfall over this key trading period and our more cautious view of the outlook for the balance of the year leads to a significant reduction in our full year expectations”. What does this mean in terms of financials?...

RM2 International: Good news – Neil Woodford’s dog has been given three weeks more to live!

Published 270 days ago

Look, I’m trying to be nice. We were last told that it could be tits up for RM2 International (RM2) by the end of January and today we heard that it has found enough cash down the back of the sofa to last until the third week of February. Good news! The reality is that this is a cash guzzling uber-dog and highlights the predicament that Britain's most conceited fund manager Neil Woodford has got himself into.

Is Lionsgold really worth £19 million currently?

Published 270 days ago

The rise in shares of Lionsgold (LION) has got the attention of many, and it certainly looked as though news was leaked prior to an RNS later in the day. Having seen the share price dropping steadily of late, it suddenly surged more than 40% on much higher than normal volume. Initially it looked like just another pump, as this share has been very popular with private investors ever since its share price rose by around 500% in December and is very volatile, but then an RNS dropped informing the market that it was making a new investment, and it ended the day up nearly 90% at 4.55p on the ask.

Andrew Monk of VSA - formal Response to ShareProphets on our AIQ revelations

Published 271 days ago

Nigel Somerville penned two articles on AIQ (AIQ) which, I thought were pretty damning as you can see HERE and HERE. The valuation is clearly bonkers and I say that as a shareholder (by accident not design). Andrew Monk of VSA floated AIQ and has penned this response which I am happy to publish in full as it all seems very comprehensive and reassuring. I really don't know what to think other than that the valuation at the suspension price is bonkers on steroids.

Exclusive: Tern turns down £1.1 million at 2p - prefers death spiral

Published 272 days ago

Shares in Tern (TERN) are today off by 9% at a 2.75p offer after news of the latest conversion of death spiral loan note. There is more on that to come and that may well see the shares fall sharply from here. But there was another route.

Purplebricks - Scottish House Move attack ad

Published 273 days ago

North of the Border, www.scottishhousemove.co.uk is going after Purplebricks (PURP) big time. Its homepage boasts that it will undercut Purplebricks by £750 and carries a stream of dismal reviews from allagents.co.uk for its larger rival. Then it really goes on the attack as you can see below.

Despite a big drop in share price Greatland Gold still looks expensive

Published 273 days ago

Investors who believed all the hype surrounding Greatland Gold (GGP) received a nasty shock this week when the share price collapsed, but for many of us who have been around the market for a while it didn’t really come as much of a surprise.

AIQ: “It was the very model of an Initial Public Offering”

Published 274 days ago

Clearly, the whole AIQ (AIQ) IPO was a farce the way it has been handled and having also been digging around, there is more to come but I will leave it in the excellent hands of Nigel to report further on the dodginess here. I will just turn my hand to a bit of poetry inspired by Monk’s defence this morning and by recent Twitter hilarity.

CORRECTION: Andrew Monk leaps to the defence of AIQ -the er...wonder stock

Published 274 days ago

Andrew Monk's VSA floated AIQ on the Standard List last week. Its shares soared 1000% and were suspended. As Andrew notes, through the passive investment vehicle RRR I own shares in AIQ (about £10 worth - CORRECTION I am told it is £1841 worth!). I will try to sell the lot as the valuation is insane. But Monk wants to defend his corner so before our writers really go to town - and I am on their side - here is Monkey in his private email to clients today...

Savannah Petroleum acquisition looks good value - buy

Published 275 days ago

Whenever a relatively small oil and gas company manages to raise a substantial amount of money it gets my attention, especially when you consider what the market has been like for this sector in recent times.

Ferrum Crescent – Colin Bird i/c, Toral maiden JORC resource not far off - shares soar - more to come

Published 275 days ago

We are way ahead on this October 0.07p offer share tip. There is more to come. Updating on Ferrum Crescent (FCR) in November, we were positive on the financial involvement of Colin Bird and certain of his associates. It’s now been announced that Bird has been appointed as Chairman along with a brief update on operational progress…

Woodford’s so good he can bend the laws of physics – The Industrial Heat debacle

Published 275 days ago

I love Warren Buffett’s quote that you only find out who has been swimming naked when the tide goes out and after Woodford’s annus horribilis in 2017, it certainly seems to be easier and easier to find examples of his commando-style investing (thanks also to the pointer from ‘alcira16247’). Next witness for the prosecution, M’Lud, is Industrial Heat, a business that is trying to invent a “cold fusion” machine, an area of physics that most sane scientists appear to think is something out of a science-fiction novel. Not Woodford though.

Obtala – positive Q4 2017 update, “exponential growth” seen in 2018 - BUY

Published 276 days ago

Obtala (OBT) has made a quarterly business update on the fourth quarter of 2017, with Chairman Miles Pelham emphasising “while the result will be a record year of revenue for the group, this merely represents the initial phase of growth for the company. I am excited for what 2018 will bring and fully expect it to be another year of exponential growth for the group”

Blighty is Losing the Fight Against Most of the World. But that Doesn't Matter.

Published 276 days ago

Hello Share Chewers. If your portfolio is anything like mine, you’ll be laughing all the way to the bank. All those years of waiting for things to really pick up, after the crash of 2008, are at last bearing fruit. The Footsie has been breaking records for days now. And, if you’ve wisely spread your eggs around loads of baskets, you will be well up. 

Tri-Star Resources - what is the end game for Odey?

Published 278 days ago

I can see why holders of Tri-Star Resources (TSTR) would be less than impressed with the recent open offer, especially given the huge discount to the share price prior to that. This isn’t a company which I have really followed closely in the past, but the recent large fundraising at a 92% discount to the previous share price, and subsequent approval at the general meeting this week, got my attention.

UK Oil & Gas - more death spiral confetti issued, now at just 2.69p

Published 280 days ago

Lube up morons, another £500,000 tranche death spiral loan has been converted into shares in UK Oil & Gas (UKOG). As time goes on this exercise is becoming ever more painful for the morons who own this stock.

CyanConnode seems incapable of converting orders into revenue and profit

Published 282 days ago

Often when it comes to AIM companies investors get far too fixated on revenue and orderbooks, and forget that in reality it all comes down to the bottom line and the actual net profit that the company is either already making, or is likely to make.

Another Woodford money pit – Thin Film Electronics

Published 282 days ago

I wouldn’t normally cover stocks listed on the Oslo exchange but Thin Film Electronics was mentioned in the comments of a recent Woodford piece and I also noted it was the Share Punt of the Week in the Daily Mail on Friday, so if it is good enough for them to recommend a Woodford-backed cash guzzler to its brain dead readers, it is appropriate for me to provide another side to that story, especially as the cash burn here is off the scale.

Premier African continues to fail to deliver

Published 282 days ago

There was a time when Premier African Minerals (PREM) looked to have genuine potential, but in the few years since then it has consistently disappointed investors and is now trading at a fraction of the share price it once hit.

The Seven Mythical Wonders of the AIM Casino

Published 282 days ago

I’ve been a bit preoccupied in recent weeks with a certain fund manager so thought I should catch up with a few old friends on AIM this weekend but it transpires that not a lot has actually happened. It made me realise more than ever that AIM is much more about the travelling I hope than the arriving. Accordingly, I thought it was more appropriate to write a piece heralding the 7 Mythical Wonders of the AIM Casino instead.

Time to pass the parcel on the Royal Mail

Published 282 days ago

 hope over the festive period all your Christmas cards and parcels were both received and sent successfully.  Personally I still await the successful delivery of a book I self-gifted...but rather than turn this into a self-centred rant I thought we would talk about the Royal Mail (RMG).  

Even More Reasons Why You Might Carry on Buying Shares in 2018

Published 282 days ago

Hello, Share Screamers. I just want to strike one more encouraging note for armchair tycoons like ourselves, before we all settle down to a new year of trading profitably. There are more doom and gloomsters at large than bulls like me. And no wonder with PE’s high and the Footsie breaking new records. But there are reasons for the long-running buying spree and to always worry about a crash is not to take advantage of an established trend.

Woodford’s Income Focus Fund – Just keep digging, Neil, keep digging

Published 284 days ago

I’ve been smiling this week at the comments on Woodford’s website as the moderators are desperately sticking to the party line regardless of what is happening in reality or what Woodford himself is briefing to investors privately. Let me explain in the context of his Income Focus Fund.

Zac "the Knife" slates Pantheon Resources over complete lack of transparency

Published 286 days ago

Shares in Pantheon Resources (PANR) are slumping today, off 25% at 52p on an operational update which can, at best, be described as a Curate's Egg. I have long viewed this company as unexciting, at best, and find the unbridled enthusiasm of some of its bulletin board moron shareholders just impossible to fathom. I am not the only cynic. The City's No 1 oil analyst Zac "the Knife" Phillips of SP Angel opines today:

Canadian Overseas is going to run out of money again soon - avoid

Published 287 days ago

Canadian Overseas Petroleum (COPL) is a company which I have been pretty negative on in recent times, and certainly nothing has happened to change my view on it, certainly in the shorter term.

UKOG -- Now Lyin' Steve: did you exercise your 0.4p options

Published 287 days ago

With the shares hovering around 3p, anyone holding options in UK Oil & Gas (UKOG) exercisable at just 0.4p but expiring on 31 December 2017 would surely exercise the lot would he not? 

FIVE Slam Dunk shares to sell for 2018

Published 288 days ago

OK, I’m breaking all the rules – the deal was two long tips and here I am with a third tip of the year and it is five stocks and they are shorts (or at least avoids). Still, as Cynical Bear knows, rules are for breaking, and in any case we both broke the rules in our suggestions for shares looking for a Christmas surge when we named two, not one.

Woodford Patient Capital Trust: The Big Short (Appendix 2) – A look at the detail of the strange Benevolent AI transactions

Published 289 days ago

I alluded to the swapping of the Benevolent AI stock between the two Woodford funds in my early chapters of The Big Short looking at Woodford Patient Capital Trust (WPCT) but there are so many odd aspects to the saga going back a few years that it merits an Appendix to itself as it raises a number of serious additional questions for the Board in my view.

URA Holdings looks like yet another shell that is being pumped post-placing

Published 290 days ago

Whenever you suddenly get a lot of ‘noise’ about some tiny AIM outfit which has recently become a cash shell and raised money via a placing, then I am always very suspicious that it is largely down to the placees and brokers trying to create interest to flip their shares.

Sirius Minerals has great long term investing potential

Published 292 days ago

Sometimes investing takes a lot of patience, but if you are in at a fairly early stage and are prepared to hold long term, then you can reap the rewards whilst others are left wondering why they never bought any shares whilst the price was still relatively cheap.

Why I would still avoid Range Resources

Published 293 days ago

Those who have been around the AIM market for a while will probably remember a company called Range Resources (RRL), and its infamous CEO Peter Landau.

To lose one NED is understandable - to lose two looks like carelessness: But could BCA be worse

Published 293 days ago

Normally non executive directors give some notice when jumping ship. For a NED to quit within no notice the first day after Christmas looks bad. For two to go that way looks very bad. Happy Christmas BCA Marketplace.

Looking for a Key Player in a Fast-Growing 2018 Market? Try the Cyber Men.

Published 293 days ago

Hello, Share Tramplers. Companies, both big and small, will turn their thoughts in 2018 to protecting their customers' details. There was a lot of hacking by crooks this year and it costs firms dearly if private details are pinched. Therefore, companies which produce cyber safeguards against on-line identity theft are likely to make even better profits now.

The ShareProphets 24 share tips of the year: No 7 a buy from Tom Winnifrith

Published 294 days ago

Between December 24 and January 2 we are serving up 24 share tips of the year from our team of writers at ShareProphets. The share tips are for paying subscribers only. Next up, the first of eight ideas (four buys four sells) from Tom Winnifrith

The ShareProphets 24 share tips of the year: No 6 a BUY from Malcolm Stacey

Published 294 days ago

Between December 24 and January 2 we are serving up 24 share tips of the year from our team of writers at ShareProphets. The share tips are for paying subscribers only. Next up, the second of two ideas from the grandfather of share blogging Malcolm Stacey.

From Globo to Bitcoin natch - the Greek fraudster of the year is back

Published 294 days ago

You can't keep a good man down, or indeed a bad man. I refer to Greece's perennial entrant in the European fraudster of the year contest, Mr Konstantinos "Costis" Papadimitrakopoulos. You will remember him as the creator and CEO of the fraud Globo (GBO) and a man who was able to sell all his shares before we exposed him HERE and the stock was suspended, after Dan "snot gobbler" McCrum of the FT alerted him that the game was almost up. As you can from LinkedIn see Costis has a new venture and also sees Bitcoin as an area to get into. And who said that the crypto currency was mainly a place to launder ill gotten gains?

Woodford Patient Capital Trust: The Big Short (Chapter 5): Conclusion – the perfect short?

Published 295 days ago

I’m going to draw together my analysis on Woodford Patient Capital Trust (WPCT) in one piece now so that if you’ve actually been enjoying Christmas rather than reading Shareprophets, you can start here and work backwards. I will also add a few words of caution that I picked up from the book “The Big Short” itself.

Woodford Patient Capital Trust: The Big Short (Bonus Chapter 4) – SHOCKING: The Income Focus Fund has been roped in now!

Published 296 days ago

Er….hi, just me again! This Chapter of “The Big Short” looking at Woodford Patient Capital Trust (WPCT) wasn’t in the original draft manuscript sent to my editor but as something truly astounding was pointed out to me in the comments of my piece yesterday, I thought I’d better add to the opus. Hat tip to Robert Dwek for spotting it.

Woodford Patient Capital Trust: The Big Short (Chapter 3) – Concerns over its aggressive valuation policy

Published 296 days ago

Having looked at the unquoted risk and the level of debt and connected liquidity issues within the Woodford Patient Capital Trust (WPCT), it is time to look at the tricky topic of valuation policy as it looks to me as if Woodford is taking a particularly aggressive approach, albeit a flexible one, to the valuation of the unquoted stocks (almost all the fund!) that casts further doubts on the underlying NAV.

Woodford Patient Capital Trust: The Big Short (Chapter 2) – The debt and liquidity crisis

Published 297 days ago

Continuing  my festive series on The Big Short, Woodford Patient Capital Trust (WPCT), having highlighted yesterday the huge unquoted risk within the portfolio and having to clean up after its big brother, the Equity Income Fund, I wanted to turn next to concerns I have over its debt levels which leads on to liquidity issues.

Professor Stacey's Famous Christmas Lecture.

Published 297 days ago

Hello Share Revellers. As I've traded shares longer than my talented fellow writers, may I take the liberty at this jolly time of year to reflect on how Christmas should influence our dealings in the wicked, wicked City. We should BUY integrity, HOLD morals and Sell dishonesty in keeping with the spirit of Xmas. Because it's not just dodgy directors that try to pounce on money they're not entitled to.

Woodford Patient Capital Trust: The Big Short (Chapter 1) – Huge unquoted risk and a shocking conflict of interest

Published 298 days ago

I started my festive series on The Big Short, namely Woodford Patient Capital Trust (WPCT) earlier by providing some wider context about some of the challenges Woodford faces particularly with his flagship fund, the Equity Income Fund, but let’s get into the details of WPCT itself. I’ll start with the ever increasing size of its unquoted portfolio and what appears to me to be a massive conflict of interest.

Falanx shares to double to 10p

Published 298 days ago

You know that I am bullish on Falanx (FLX) after its recent trading statement, I explained why and gave hard forecasts HERE. House broker Beaufort is p;aid to be bullish so take its words with a pimch of salt. However...

Woodford Patient Capital Trust: The Big Short (Foreword) – The wider context: Woodford’s problems with the Equity Income Fund

Published 298 days ago

My Christmas Quiz may have been too clever by half (one entry so far at the time of writing!) but I found it helpful in any event as the research I undertook made me realise that there is massive short potential across the biotech echo chamber participants with Woodford Patient Capital Trust (WPCT) being the best example for a couple of specific reasons. Accordingly, I’m doing a few pieces over the festive period outlining my analysis and raising some serious questions along the way for Woodford to answer. To start though one must provide some wider Woodford context particularly in relation to his flagship fund – the Equity Income Fund.

Tom Winnifrith Bearcast: We end the year with pure farce - Legendary Investments

Published 299 days ago

I am still furious, in fact more so than ever. Bah fucking humbug. Christmas is cancelled. In today's podcast I look at Legendary Investments (LEG), Columbus Energy (CERP), McCarthy & Stone (MCS), Vela (VELA) and Optibiotix (OPTI) - no it will not be a pound by Christmas but I am pondering buying more shares.

Tom Winnifrith Bearcast: is Darren Atwater a metropolitan elitist lunatic or Britain's Buffett

Published 300 days ago

I am still livid about matters concerning my wife's place of work and with it showing no sign of movement I have today discussed the matter with my lawyers.  Bah fucking humbug, there is no seasonal goodwill from me in 2017. In this podcast I discuss Inspirit (INSP) at length also Falanx (FLX) - shares in which we own - Low & Bonar (LWB), Minoan (MIN) and Gotech (GOT), formerly Guscio.

Video: American Super Bear Andrew Left discusses 2 blockchain bitcoin shorts and the madness of the market

Published 300 days ago

Andrew Left of Citron Research is one of the sharpest cookies in the global shorting conspiracy. He has just recorded an interview on CNBC discussing two blockchain/bitcoin shorts in the US. Change your name and your shares soar even though there is nothing there? Sound familiar Clem?

Pelatro: Looks like a great addition to the AIM casino - Buy

Published 300 days ago

Yesterday’s second new entrant Pelatro (PTRO) appears to be a great little company to me. I accept that it could just be the massive contrast between this and disappointing Mirriad Advertising (MIRI) in almost every respect but this still looks like a Buy to me. Let me explain.

Mirriad Advertising: The valuation echo chamber at work again - Sell

Published 300 days ago

An interesting compare and contrast for me today looking at the two technology businesses that joined AIM yesterday at a very similar share price. That is where the similarities end though as one is a classic example of an overvalued business bid up by participants in the valuation echo chamber and one looks like that rare mythological beast – a Cynical Bear Buy tip. Let’s start with Mirriad Advertising (MIRI), the massive Sell pick.

New acquisition adds to the long term potential of Horizonte - buy

Published 300 days ago

I have been a big fan of Horizonte Minerals (HZM) for some time now, and am even more so following an acquisition announcement. The market didn’t take the news that this AIM listed mining company, with operations in Brazil, had acquired a further nickel-cobalt project particularly well - the shares down by over 6% to 4p on the ask, but I suspect that was largely as a result of an issue of equity coming at the same time, rather than a reflection of what people think of the newly acquired Vermelho project, which Horizonte now owns 100% of.

Old Mother Worthington has a son - meet Whetstone Capital

Published 301 days ago

Well I never, it appears that the Worthington (WRN) Crew has indeed listed son of Worthington (WRN)or at least has filed an admission document. It looks as if Whetsone Capital  (WHET) shares will start to trade on the NEX Markets lobster pot on January 5th.

Purplebricks - AllAgents stands up to fascist lawyers letters and starts publishing real reviews again... and they are damning

Published 301 days ago

Bravo AllAgents.co.uk. The leading independent review site of Estate Agents is ignoring fascist lawyers letters from Purplebricks (PURP) and has just re-started publishing reviews of the crummy online estate agent, good and bad. Natch Purplebricks is still insisting that the reviews are bogus without providing any evidence at all and boy are some of the reviews bad as you can see below. In the end companies offering a socking service will - however much they spend on TV advertising - go under. Purplebricks shares remain a stonking sell.

What Ryan Dinsdale tells you about how Purplebricks insiders see the share price going

Published 301 days ago

Yesterday it was announced that Ryan Dinsdale, the CEO of Purplebricks Australia, on 13 December 2017 exercised options over 40,000 Ordinary Shares in Purplebricks PLC (PURP) at £1.29 each and subsequently sold 40,000 Ordinary Shares at £3.65 each. So what you say.

Neil Woodford backed Xeros Technology: Is this 2018’s version of RM2 International?

Published 301 days ago

As a natural bear, I’m always interested in finding the next £200 million plus business that could lose 90% in a year a la RM2 International (RM2) this year (see question 4 of my Alternative Woodford Christmas quiz) and I didn’t have to look far for the next possibility; just a bit further down the alphabetical list of Woodford’s holdings in fact, namely Xeros Technology Group (XSG).

Sula Iron and Gold switches its focus to cobalt

Published 301 days ago

Sula Iron and Gold (SULA) has been a massive disappointment to investors in recent years, like so many other junior miners on the AIM market. It is also following a similar path to many others before it, in that it is on the verge of changing its name, as well as focussing the business in a different direction, but still within the mining sector.

The People's Operator shares suspended to avoid New World v2

Published 302 days ago

The Stock Exchange today took the unusual step of suspending trading in shares in The People's Operator (TPOP) under rule 1510. So what is going on?

React - another trading update, more management incompetence, boardroom change needed

Published 303 days ago

React (REAT) has updated on results for the year to 30th September in a way that shows that its management are not fit to run a public lavatory let alone a public company.

Roger Lawson slates IDOX but I think he is too charitable

Published 304 days ago

I gave another bearish assessment of IDOX (IDOX) in Thursday's bearcast and the shares duly fell again sharply on Friday. They are now 30p valuing the company at £124 million. I am afraid that is still too high. Roger Lawson of Sharesoc is a bearish stale bull

Why the Santa Rally Is Working Yet Again.

Published 304 days ago

Hello, Share Charmers. As so often happens, the Santa Rally is picking up speed. Let’s look at how it works and why it might not be a good idea to sell shares in the last few days to Christmas Day - and perhaps for the first few trading days afterwards.

 

Milestone Group: Well he’s no Uzi Katz but Larry’s still got some front

Published 305 days ago

With Milestone Group (MSG) still unable or unwilling to put out an announcement to its shareholders about its relationship with Lyin’ Larry Cummins, I thought I would keep the pressure on with a couple of snippets that I find amusing about the fraudulent front of the man. I mean he’s not a writer, gardener, ballet dancer or boxer from Boston but I still find it amusing.

BOS Global - an open letter to broker Peterhouse

Published 306 days ago

Shares in BOS Global (BOS) a company teetering on the edge of insolvency and where the Nomad has already announced it is walking now trade at 0.85p-1p. Beware: broker Peterhouse is trying to do a placing at as little as 0.1p. I have written to Peterhouse in the spirit of the season as you can see below.

Minoan – no early Christmas gifts, but a good trading statement with lots to look forward to

Published 306 days ago

AIM-listed Minoan MIN) has issued a Trading & Financing Statement at 1.41pm. Happily, it does not look like a howler - good news there! Sadly there is no deal involving Cavo Sidero  - we will have to wait a bit longer for that. But we do get an update on its loan to Hillside and on trading at its travel agency, and we are told the preliminary results are expected to be in line with market expectation.

Paternoster Resources - come on chaps when is the bailout placing?

Published 307 days ago

At every opportunity Paternoster Resources (PRS) reminds of the vast discount to NAV at which its shares trade. Surely in such a scenario it should sell just a few shares it owns and then do a buyback of its own shares thus increasing NAV per share even more? Er...no.

Idox – further profit warning as a review finds inappropriate revenue recognition

Published 307 days ago

Writing on a “Year End Trading Update” from information management software and services company Idox plc (IDOX) last month, I concluded continuing to lack confidence here, I continue to avoid. Having headed towards 50p, the shares had since been recovering slightly… but are currently heading towards 40p today on the back of a further ‘year end update’…

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

Published 307 days ago

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

Zytronic – full-year results, argues “significant improvement”. Really?

Published 307 days ago

Having been a successful constituent in the Nifty Fifty portfolio, profits in touch sensors company Zytronic (ZYT) were taken earlier this year at 480p. The shares did continue heading higher, but are currently down to 500p to sell on the back of results for the company’s year ended 30th September 2017…

UK Oil & Gas plays fast and loose with AIM disclosure rules AGAIN

Published 308 days ago

At no-one is warching O'clock yesterday, 5.17 PM, Uk Oil & Gas (UKOG) announced that the fourth £500,000 tranche of death spiral loan notes had been converted into shares. Once again it was sticking two fingers up to AIM Regulation with regards to timely disclosure.

Milestone Group: Why suddenly so coy, Larry? Not because you’ve been busted surely?

Published 308 days ago

Further to my weekend expose on Milestone Group’s (MSG) saviour, Larry Cummins and his dubious CV, I couldn’t help but notice that Larry suddenly seems to come over all immodest and has removed all signs of his incredibly impressive education from his LinkedIn and corporate website. Why could that be?

Tom Winnifrith Bearcast: waiting for an email from the Oxford University Alumni department

Published 309 days ago

Yes I have spent much of the morning in conversation with folks in the City of my birth. I do have an Oxford degree - does Larry Cummins of Milestone (MSG)? The questions mount, the shares are tumbling -  I explain whay happens next. I look at the latest bullshit from holocaust denying fraudsters MySquar (MYSQ), comment on the pointless ramp of boiler room dog Inspirit(INSP) on UK Oil & Gas (UKOG) and on Anglo African Oil (AAOG) and finally have a few words on a stock we own, Sosandar (SOS).

Polymetal looks a great buy at the current price

Published 309 days ago

Some investors avoid companies which operate in Russia and the surrounding area, but I believe that they are missing out if they take this approach with Polymetal International (POLY). The FTSE-250 precious metals miner has operations in Russia, Kazakhstan and Armenia and ever since listing has been returning cash to investors via dividends, and from the current share price of around 849p, I can see plenty of scope for capital appreciation as well.

Metal Tiger – more good news from Botswana & progress in Thailand

Published 310 days ago

Metal Tiger (MTR) has announced “encouraging early results of T3 underground project mining study” in Botswana and a Water & Environmental Monitoring Program in Thailand…

EXPOSE: Milestone Group: We need to talk about Larry!

Published 310 days ago

Further to yesterday’s piece on Milestone Group (MSG), it gets a bit more serious today as any Milestone shareholders should think very hard about whether they want to get into bed with Black Cactus and Larry Cummins as he looks like an A1 prize bull-shitter to me.

Milestone Group: The Deborah White clear-out

Published 311 days ago

A couple of pieces this weekend on one of the Blockchain Buffoons, Milestone Group (MSG). First a light-hearted look at what must have been a dispiriting clear-out this week of the ex-CEO, Deborah White’s mess and then tomorrow a more serious piece that I would urge all Milestone shareholders to read. First though, the (more amusing stuff.

YOLO: Surprise, surprise, the Daily Mail was totally wrong again

Published 311 days ago

I smiled wryly at the announcement on Thursday from YOLO Leisure and Technology (YOLO) about its investment in Magic Media Works, the manufacturer of the Electric Jukebox / ROXI as, once again, it makes the Daily Mail look pretty silly and one wonders whether its “financial journalists” ever ask a probing question before just publishing whatever is served up to them by corporate PR.

Why have shares in ValiRx almost trebled in 2 weeks? Perhaps time to come clean on Valiseek?

Published 312 days ago

Perhaps ValiRx (VAL) should be making a statement about events at Valiseek?

Rurelec – more bad news, examining further funding options

Published 313 days ago

AIM-listed Rurelec (RUR) has updated the market with regard to its dealings wth Energia del Sur in Argentina. In short, the cash ain’t flowing into Rurelec’s coffers.

Tom Winnifrith Bearcast: ADVFN & Online talk 100% crypto-bollocks - does anyone swallow this shite?

Published 313 days ago

Today Joshua and I have coffee with the fit young mums then we are off to go to his first business lunch. I have a work lunch and my boy is coming too. That is the deal for folks wanting to meet up on a Wednesday to Friday. I start today's podcast with ADVFN (AFN) and On-Line (ONL) talking pure 100% unadulterated crypto bollocks. Then it is onto Advanced Oncotherapy (AVO) - good news yes but given its track record of allowing insider dealing, misleading customers and investors and, arguably, wholesale securities fraud I would not buy. I look at The People's Operator (TPOP) and question the wording of today's RNS - the shares are 71% down but this could well be toast by Christmas - look at the wording again! Finally a few words on the latest news from the boiler room and the dog Sabien (SNT) 

When gold bounces Centamin will shine

Published 313 days ago

Gold has been very difficult to read lately, with a lot of the swings making very little sense in the context of the events that have been driving them.

UK Oil & Gas death spiral conversion announced but this is misleading, numbers dont add up

Published 314 days ago

UK Oil & Gas (UKOG) has announced that another £500,000 of death spiral loan has been converted into shares, 14,159,092 of them. But hang on, this does not add up. UK Oil & Gas and its patsy Nomad WH Ireland (WHI) are not telling you something.

Spooooooooooooooooooooof! Old Jim Mellon tries it on with Condor share purchase

Published 314 days ago

My old friend Jim Mellon claims to be worth £800 million although I rather doubt that (by a long chalk). But he is certainly worth a bob or two and that brings us to news today that he has bought 50,000 shares in Condor Gold (CNR) at 39.5p. I say Spoooooooooooooooooooooooooooof - placing ahoy!

Waseem Shakoor predicts UK Oil & Gas shares to fall to just 0.6p

Published 315 days ago

Well, the trend is his friend. The shares are now just 3.6p to sell having been c5p when the company announced it was entering into a £10 million death spiral. But Shakoor reckons the bad news is only just starting. Last night he tweeted:

Huge rise in Lionsgold shares despite 'no reason' statement from the board!

Published 315 days ago

No matter how long you have been around the AIM market, there are often moves which seem to make little or no sense, especially amongst the smaller companies.

I know a company on AIM where there is insider dealing taking place today - does anyone care?

Published 316 days ago

A company on AIM received a bid approach late last week. I was made an insider on late Friday and have not told a soul or traded a share. So I know it has had a bid, the company and its advisers know and someone else knows too. 

Video: When Harry met Silly, aka uber posh convicted felon and cop thrasher Rt Hon. Charlie Gibson

Published 317 days ago

I was wondering what had happened to my old pal the uber posh convicted felon and cop beater, the Right Honourable "Champagne" Charlie Gibson. Well here the old boy is, interviewing Harry Adams of Kefi (KEFI) in which we own shares. Harry insists that all is on track and I think the shares are very cheap at a 2.8p bid having taken the sort of thrashing last week that Charlie thinks should be reserved for uppity members of the working classes. Finalise financing and approvals in Q1 2018 and they should race ahead. Anyhow, over to Harry and the UK's most upper class cop beater

Buy Goldplat at 8p to sell at 11p soon!

Published 317 days ago

An update last month from gold recovery and production company Goldplat (GDP) saw CEO Gerard Kisbey-Green emphasising “operational profitability achieved at all operations” and “good progress being made on our strategic objectives”. This has helped the shares up from just above 6p to a current 8p to buy, but the value and further progress potential suggest there could be much more to come - and soon!

Concerns over future dividends offer a good buying opportunity in GlaxoSmithKline

Published 318 days ago

The big pharmaceutical companies have traditionally been a fairly safe bet for a steady source of income over the years, and through the peaks and troughs in the markets.

Tern: Is this going to be the worst ever example of the death spiral?

Published 318 days ago

I must admit to having a slightly morbid fascination with the various death spiral variants. They all look so similar on the face of it but the devil is in the detail and although the one announced by Tern (TERN) on Thursday looks harmless enough, it could easily crucify the share price, much more so than has been seen already.

RM2 International: Yep – it was another bad week ahead for Woodford

Published 318 days ago

A week ago, I noted that news was due from the disruptive pallet manufacturer, RM2 International (RM2) and doubted that it was going to be positive. Well, it finally came out yesterday and I wasn’t disappointed although assume Neil Woodford and the long suffering shareholders of this and his Patient Capital Trust (WPCT) probably were.

If you had 70 million soon to lapse 0.4p options in UK Oil & Gas what would you do?

Published 319 days ago

I am not sure who has these 70 million options but the bad news is that they lapse at the end of December....

Tom Winnifrith Bearcast: Fraudster Eric Schaer & Piers Pottinger you are holocaust deniers and your numbers are shit too

Published 320 days ago

I refer to my earlier piece on the evil language used by MySquar (MYSQ) to describe the state sponsored genocide in Myanmar. In light of that I accuse Eric Schaer, Piers Pottinger and their evil PR spinner Damian McCrystal of being holocaust deniers. As a bonus results out today show the clear fraud that occurred in July, throw up even more red flags, very dodgy accounting and demonstrate why this is a cash guzzling, worthless crock of shit. I also cover R4E (R4E), shares in which we own, and ITM Power (ITM).

Blenheim deals look expensive for existing shareholders

Published 320 days ago

Twitter and the bulletin boards were awash with people saying how great the Blenheim Natural Resources (BNR) news was this morning, but having had a good read myself I think they may have been over-egging it somewhat!

Top broker calls Bushveld at 7.625p down to 2p

Published 321 days ago

In a private email sent today after interim results from the rampers favourite B ushveld Minerals (BMN)  a top broker has called the shares out a s slam dunk sell at 7.625p arguing that they are worth only 2p and that the current death spiral funding will run out soon. He writes:

Torotrak: 8.09am Financial Update - Uh-Oh, Admin beckons

Published 322 days ago

Main market listed Torotrak (TRK) has issued an emergency update RNS this morning, issued at 8.09am. In short, it is in trouble.

FastForward Innovations: Ok, this short-lived love affair is over - SELL

Published 322 days ago

The one thing I hate more than being wrong about a share recommendation is being spoofed and falling for it, which is what I think has happened with FastForward Innovations (FFWD). Can’t believe I fell for it but I’m done now – SELL.

Universe Group – as warned, profit warning…

Published 323 days ago

Point of sale, payment and on-line loyalty systems developer and supplier Universe Group (UNG) was until recently a constituent of the Nifty Fifty portfolio. However, we concluded a couple of months ago to sell now and bank a small gain at 8p due to fears of a profit warning. Today a “Trading Update”

RM2 International: Another bad week ahead for Woodford?

Published 323 days ago

If I was Neil Woodford I would wake up each Monday morning thinking, for the love of god, please can this be the week with some good news to come out of the Woodford Patient Capital Trust (WPCT) portfolio. Unfortunately, I don’t think it will be this week as it looks like crunch time is approaching for the “disruptive” pallet-maker, RM2 International (RM2).

Distil still has long term potential from this share price level

Published 324 days ago

The beverage/retail sector isn’t one which I normally watch that closely in general, but there is one small AIM listed outfit called Distil (DIS) shares in which I have been following for a while now.

Minoan – waiting and waiting for payday

Published 324 days ago

I hold shares in AIM-listed Minoan (MIN), the ownership of which has proved a mighty frustration for years and years – first we had the almost interminable application for the resort at Cavo Sidero which was finally won and all appeals have now ended. But now we are waiting for the company to cash in….how long will that take?

Britain’s most cynical share blogger explains why he has NOT bought 1% of Sosandar and why Paul Scott (and others) are wrong!

Published 325 days ago

I should start this piece by making clear that I am a fan of Paul Scott. I think his coverage of the small-cap space is excellent, data-driven and based on years of experience. But his investment in Sosandar (SOS) is a punt too far. I’ve been tempted to comment on Sosandar for a while now but Paul’s Bulletin Board moron-esque attempt at justification yesterday has tipped me over the edge.

Anyone else notice the frightening similarities between Aberdeenman and Neil Woodford?

Published 325 days ago

I had to smile this week as both Aberdeenman and Neil Woodford published blogs dealing with their investment elephants in the room namely Nuformix (NFX) and Prothena (NSDQ: PRTA) respectively. Worryingly, it was hard to tell the difference between arguably the finest stock-picker in the UK of the last twenty years and the Scottish market-abusing LSE, Twitter and blogger loon!

The Five Rules of Share-Shifting that You Are Most Likely to Ignore.

Published 325 days ago

Hello, Share Hackers. Allow me to begin with a warning. If you’re still not subscribed to this jaw-dropping website, you could be taking huge risks with your money.

 

A broker presents the bear case for UK Oil & Gas

Published 326 days ago

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

Deal with BP is exactly what Serica investors had been hoping for - BUY

Published 327 days ago

Given that I have closely followed the Serica Energy (SQZ) story here closely over the last few years, and in light of the news this week, I felt that I should give my current thoughts on it.

A Move in Long Term Uranium Spot Price will Drive a Buying Frenzy

Published 327 days ago

 Since we own some shares in Berkeley Energia (BKY) I hope that Daniel Major is right in his thesis.  In this podcast hel discusses the long-term potential of uranium and why the industry needs higher prices to fill the supply gap. The short-term issues are that 75% of the industry remains near or below the cost of production. Companies currently can’t afford to replace their resource. Cameco has taken the lead in closing down one of the best mines saying that it’s cheaper to purchase uranium from the market. Cameco’s announcement was a major event for the uranium industry.

AllAgents crowdfund fails, Purplebricks fascist lawyers have won...

Published 327 days ago

I am rather disappointed in the management of the UK's leading independent review site AllAgents.co.uk - they have let us all down. They sought to raise £50,000 to allow them legal support against fascist lawyers letters from Purplebricks (PURP) which demanded bad reviews be taken down.

Telit - 3 profits warnings in four months, Yosi Fait "cleared" of insider dealing now full time boss - sell

Published 327 days ago

Yosi Fait sold all his shares in Telit (TCM) AFTER it breached its banking covenants which as FD he must have known about as he must also have been aware that first half trading was way below forecast. But the company's new chairman has taken external legal guidance and said Yosi did nothing wrong and so has appointed him full time CEO. Well that's alright then. But there is yet another catastrophic profits warning ( as predicted) which begs the question of how great is debt now and will bank covenants be breached again?

UK Oil & Gas shares down by 20% after just 5% of death spiral drawn - slam dunk short

Published 328 days ago

There were those, such as our own Drunken Sailor, who argued that UK Oil & Gas (UKOG) could manage to absorb the rolling short of a £10 million death spiral announced last week quite easily and it would not hit the share price. The evidence with just 5% of the spiral drawn suggests otherwise and this makes the stock a slam dunk short.

Strat Aero signs "Significant commercial agreement" - really? But what about the looming insolvency?

Published 329 days ago

Today's pre-placing ramp is for serial offender in this regard, Strat Aero (AERO). The totally insolvent AIM dog boasts that it has signed a "significant" Commercial Agreement with Alnahdi Aviation Technology , experts in aviation technology in the Kingdom of Saudi Arabia to collaborate on establishing a UAV Training Centre in the KSA." Fab. So how much will this bring in? Er...

Bluebird Merchant Ventures: Give it a rest with the “public holidays” BS, please!

Published 331 days ago

I thought I would give Bluebird Merchant Ventures (BMV) a couple of weeks’ grace to come clean before getting stuck into what I perceived to be a classic piece of BS in its recent RNS relating to the delay in getting its results out leading to a “temporary” suspension. Time's up.

Zanaga is years from production and the shares are now overvalued

Published 331 days ago

The typical life cycle of a small mining company from initial discovery of a resource through to eventual production tends to feature lots of peaks and troughs along the way as various stages are reached.

Mkango Groupies - do you realise just how 100% fecked Noble Group is?

Published 331 days ago

Shares in Mkango Resources (MKA) rocketed last week after it announced a tie up with Singapore based Noble Group which committed Noble to invest £12 million to get a 49% stake in Mkango's Songwe asset. But folks fail to appreciate that there is no guarantee that Noble has the cash to meet its commitments. It's bonds are junk rated and it is quite simple fecked. And it gets worse.

BOS Global: The end game begins – Travia makes his move

Published 332 days ago

This entertaining farce (for the neutral at least) at BOS Global (BOS) moved on a step yesterday with the ex-CEO, Michael Travia, making his move to give him a shot at the assets, most notably the 40% stake In Call Design, but I’m not convinced that it will be as easy as he hopes.

React - Profits warning - chairman Gill Leates and others must go

Published 332 days ago

React Group (REAT) admitted last week that it would miss forecasts for the year to 30th September. It states that the unaudited numbers show revenue of around £2.65 million and a pre-tax loss of around £400,000.

The Least Logical Secret of Share Trading Revealed Here on Shareprophets. com

Published 332 days ago

Hello Share Pinchers. There are times while trading shares when one can consider suspending logic. One mistake a short-term trader can make is to expect strong balance sheets to always send share prices flying. Successful investors have a secret which is now’t to do with a firm’s fundamentals.

 

SDX Energy offers good upside potential with plenty of news flow - buy

Published 333 days ago

Whilst many private investors go chasing rainbows and hoping for one of their oil and gas exploration plays to hit black gold, there are actually a number of AIM listed outfits which are already producing, yet don’t seem to be as popular as they are unlikely to generate large share price rises overnight.

Angus Energy shares crash - the read across to UK Oil & Gas - wake up and smell the coffee Morons

Published 333 days ago

Shares in Angus Energy (ANGS) have plunged by 36% to 17.125p today after news from the Lidsey Field which cannot be described as anything other than disappointing. Hope meets reality. At some stage the same process will see shares in UK Oil & Gas (UKOG) crash. Let's start with Angus.

BCA Marketplace - the macro data out that reinforces the big short

Published 334 days ago

Even supporters of BCA Marketplace (BCA) concede that it is massively operationally and financially geared to sales volumes in the second hand car market. And thus yesterday came the data that bulls such as Neil "Nomates" Woodford must have been dreading.

BOS Global: The saga continues – why does anyone really want to run this insolvent POS?

Published 334 days ago

The ongoing farce at BOS Global (BOS) continued with an out-of-hours Company Update yesterday which may not be good news for shareholders but it is certainly providing a bit of light relief for the neutral as a high stakes game of chicken seems to be ongoing where the “winner” gets to run a loss-making, close to insolvent, horror show of a business.

Xtract Resources: More dilution – is Colin Bird under the influence?

Published 335 days ago

I last commented on Colin Bird’s apparent addiction to issuing shares at Xtract Resources (XTR) back in August but wonder whether there is something more sinister at work here and that Colin is actually being controlled by an evil third party. Where’s Detective Frank Drebin when you need him?

Tom Winnifrith Bonus Bearcast - UK Oil & Gas admits it needs to frack as death spiral announced : SELL

Published 335 days ago

UK Oil & Gas (UKOG) has today announced a £10 million death spiral and some bad operational news. Natch the BB Morons are clinging to various spoofs in the release which I point out in this bonus podcast as well as explaining why these shares are now a slam dunk sell.

Kin Group – GM result, seemingly not long now until the dilution-almost-to-oblivion confetti issuance extraordinaire

Published 337 days ago

A previous announcement from Kin Group (KIN) included “the proposals are in effect now conditional upon the consolidation being approved at the General Meeting to be held on 13 November 2017”. There’s now a “Result of General Meeting” announcement…

Tom Winnifrith Bearcast:Things that piss me off big time about the Concepta placing although the shares are dirt cheap

Published 337 days ago

I am hard at work preparing for my annual treat of lecturing the snowflake sociology students of the Mrs, as a break from the normal Guardian reader behind the lectern they have me tomorrow. Game on.  I cover utterly worthless shite that is roofing it, notably Mayan Energy (MYN) and Cogenpower (CGP).  I point out that in the end gravity reasserts itself - see Servision (SEV). I lament what went wrong and how it could have been avoided at Fishing Republic (FISH) and BOS Global (BOS). I suggest what useless Mrs May should do on Brexit and then look at the Concepta (CPT) placing. The shares - which we own - are now dirt cheap. But I am still well fucked off with various aspects of today's £2 million placing as I explain.

Cogenpower is being pumped hard and i see little or no value

Published 337 days ago

Forgive me for being cynical, but when a load of private investors who are known for taking part in placings suddenly start raving about how great a tiny AIM company is, then flipping the recent equity raise immediately springs to mind!

Why Hurricane Energy remains a conviction buy

Published 338 days ago

Hurricane Energy (HUR) remains a favourite of mine amongst the AIM listed companies which have appraised assets and booked reserves, and I think it is one of the few which will make it into production in the near future, and has the potential to grow much larger.

Union Jack buys 20% stake in Fiskerton Airfield Oilfield - good deal

Published 339 days ago

No this is not an airfield at all but a small oilfield seven miles from Lincoln. Union Jack Oil (UJO) is paying approximately £137,000 for a 20% stake. This figure includes a pro rata share of the Operator`s legal, licence, planning and acquisition costs. The other 80% is owned by operator Egdon Resources.

San Leon – having only returned in September, shares suspended AGAIN! Shockingly bad disclosure

Published 339 days ago

With its shares having only returned from annoying suspension in September, San Leon Energy (SLE) is now at it again - the behaviour of this company is, even by the standards of the AIM Casino, sholckingly bad.

Time Running Out at UK Oil & Gas

Published 339 days ago

I have to take my hat off to UK Oil & Gas (UKOG). It has kept the show on the road for far longer than is customary with these types of promotes and seems to have cemented its position as the nations’ favourite oil tiddler after the long reign of Gulf Keystone (GKP) in the good old days of "The Tod squad".

BOS Global: All the money’s gone - it doesn’t look good

Published 340 days ago

It was only last Sunday when I was explaining that buying BOS Global (BOS) at 3p wasn’t a bargain. Well, it closed yesterday down 36% at 1.75p due to a shocker of a Company Update, the short summary of which was: Help, we need some money quick! It’s still not a bargain.

More problems for Neil "Nomates" Woodford as Kerrisdale savages biggest holding in WPCT

Published 341 days ago

US bear raider Kerrisdale has launched a savage attack on the largest holding in the Woodford Patient Capital Trust (WPCT) the closed end fund managed by Nomates. The nature of the WPCT means that if Kerrisdale is even half right, Nomates is in big trouble.

SOCO International share price decline could be close to a reversal

Published 342 days ago

As an investor who has always been a big fan of oil and gas plays in general it is difficult not to focus on that particular sector at the moment, given the recovery that we have been seeing there. Some people may argue that the move has already happened and that oil prices might not go much above the $64 level that we have hit this week, and could well finish the year a fair bit lower – certainly somewhere in the high 50s wouldn’t surprise me, although a lot will revolve around the outcome of the OPEC meeting at the end of the month. Whilst that may be the case with the commodity itself, when it comes to equities many have lagged this commodity correction, and given the share price action of some of them, you could be forgiven for thinking that oil was still down in the doldrums and completely unloved.

Totally - I just do not get it: behind the hype isn't Vocare a crap deal?

Published 343 days ago

I have been greatly puzzled by the slide in the share price of Totally (TLY). The shares are now 36p valuing this enterprise at c £22 million. Something's not right. Time to crunch a few numbers...

Nighthawk Shock Resignation - ShareProphets Translation service

Published 343 days ago

Nighthawk (HAWK) is out of cash, drowning in debt, burning cash and its production is falling month on month and that trend is not changing. In plain English it is 100% fecked. Today we have news of a massive boardroom resignation. We offer up a ShareProphets translation service

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

Published 343 days ago

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

BT Group could still prove to be a great recovery play

Published 343 days ago

Even large, FTSE-100 shares can go through periods where seemingly every piece of news brings about a decline in the share price, and the company seems to be hit by one negative revelation after another. But as long as there isn’t anything wrong with the underlying business, then often these are just temporary blips and can offer the sort of recovery opportunities, and potential returns, that you don’t see often with outfits of this size.

Getting an LEI from the Stock Exchange to comply with MIFID2 - Bring on the asteroid strike

Published 344 days ago

Feck me this is painful. I have wasted 45 minutes of my life already and £138 (inc VAT) is about to be sent to god knows who to help create more stockmarket transparency. Feck me again, I really want to give up.

URU Metals: Acid leaching news finally out – not really worth the wait was it?

Published 344 days ago

I laughed at last week’s announcement from URU Metals (URU) concerning the acid leaching results but I wasn’t necessarily going to comment on the meaningless tripe. However, I feel I almost have a moral duty to counter the “Speculative Buy” nonsense from its corporate broker, Beaufort Securities, so here goes.

Strat Aero shares collapsing - time to come clean? The company is 100% fecked after all

Published 344 days ago

Shares in Strat Aero (AERO) have slumped by 30% in early trade to just 0.04p-0.05p - the question is what will the next RNS say: shares suspended pending clarification or confetti blizzard in hugely discounted share placing?

Fortuna approval would mark a turning point for Ophir

Published 345 days ago

Several of the once really popular oil and gas companies seem to have almost have been forgotten by investors, as progress has been far slower than had originally been expected and people have gone off seeking riches elsewhere.

BOS Global: Meet Michael Travia – the world’s worst death spiral funder!

Published 345 days ago

I last covered BOS Global (BOS) in early September when the CEO and founder, Michael Travia, quit suddenly (HERE) and I warned about the future. At the time the share price was over 7p; it’s now 3p. For the avoidance of doubt, I don’t think it’s a bargain now but I thought it worth commenting on the continued role of Mr Travia in this ongoing decline as he is currently playing an idiotic, poor-man’s version of Darwin or Yorkville.

Jim Mellon’s FastForward Innovations: Deal off, will Schoold (and Lorne Abony) survive?

Published 345 days ago

Tom covered the news of the failed Schoold / Lingo Media merger that FastForward Innovations (FFWD) announced on Friday in his Bearcast (HERE); however, I thought it was worth taking a closer look at the numbers and pondering when the next major write down to FastForward’s portfolio, and Lorne Abony’s reputation, will come.

Some of my fellow shareholders in Sosandar don't seem like the brightest sparks

Published 345 days ago

It seems that Thursday's RTO of Sosandar (SOS) at 15.1p went well enough. The shares closed Friday at 20p-21p and I am very confident indeed that we loyal shareholders would have a chance to sell at well over 30p before too long. This retailer will not be disappointing with its next trading statement which, I'm sure, will force brokers to increase forecasts. But some of my fellow shareholders don't seem to be the brightest sparks or my greatest fans. From the ADVFN asylum:

Headwinds of Debt, Inflation, Over-Valuations et al Could Be Cancelled Out by this Big Factor.

Published 346 days ago

Hello, Share Smashers. At the mo, there are some nasty threats to our shares prices. High consumer, corporate and national debt. Comparatively high PE ratios. Over-cooked company valuations, low wages, higher inflation and a bull market, past its sell-by date. But all those perils can be offset by the following massive factor…

Footasylum – follows AIM listing with a director buy announcement. BUT…

Published 347 days ago

Having listed on AIM yesterday with a 164p per share placing, Footasylum (FOOT) has today announced non-executive director Stephen Robertson has purchased 11,933 shares at 209.5p each. Great, this price must still be value then? Er…

Waseem Shakoor asks - has UK Oil & Gas scrapped flow testing of Broadford Bridge

Published 347 days ago

The bear raider and professional northern git has been tweeting frantically with what he believes is photo evidence that key kit has been removed from Broadford Bridge meaning that UK Oil & Gas (UKOG) cannot be flow testing the well. That would seem odd as UK Oil needs good flow data to ramp the shares ahead of the bailout placing it so urgently needs now that all its cash has been spent. Curiouser and curiouser.

Elektron Technology – “Trading Statement” says ‘ahead of expectations’… but what are they?

Published 348 days ago

Having already risen from 7p as recently as May, shares in Elektron Technology (EKT) are currently smartly further higher towards 20p on the back of a “Trading Statement” including “the board now expects full year performance to be ahead of its previous expectations”. Sounds promising…

Tom Winnifrith Bearcast - it is fit young mums day!!

Published 348 days ago

Just a short bearcast today as I had to rush off for my regular Thursday morning date with the Fit Young Mums. In today's podcast I talk about the IPO/RTO today of Sosandar (SOS) which we own shares in and I reveal the first of the celeb investors. Then it is onto Playtech (PTEC) and some wider thoughts on gambling regulation in the UK. Finally there is a look at Rosslyn Data (RDT) where - hat tip Roger Lawson - it is surely profits warning ahoy. I look back at the numerous Rosslyn red flags.

Corero - 4th bit of "good news" since interims - look at the balance sheet it is placing ahoy!

Published 349 days ago

Corero's (CNS) disastrous interims were just six weeks ago and since then we have had four pieces of good news announced with great, ramptastic, fanfare: two contract wins, a new partnership agreement and, today, a contract renewal. It can only mean one thing, this is the pump before the dump, it is placing ahoy. Just look at the historic numbers and do the maths...

Tern: This could implode quickly – time to get out now while you can

Published 349 days ago

I saw that Tern (TERN) was one of the biggest fallers yesterday down almost 18% to 5.25p. However, having revisited the information related to the Device Authority funding, it seems to me that it could drop far lower than that and very quickly indeed as and when it becomes clear that Device Authority is a busted flush.

Boxhill Technologies: More shocking results – AIM Regulation and Allenby should be asking serious questions

Published 349 days ago

Tom covered some of the “highlights” from the interim results of Boxhill Technologies (BOX) yesterday in his Bearcast (HERE) but a couple of points are worth reiterating and he missed the biggest red flag of all in my view, namely the £3 million owed by the former CEO, Phil Jackson. I trust Boxhill’s Nomad, Allenby, has asked all the necessary questions!

Tom Winnifrith Bearcast - Russia Today calls, must do my bit for President Trump

Published 350 days ago

RT may change its mind but as things stand I am about to head off to BBC Bristol to record an interview on Russian Collusion in the US Elections. I am happy to do my bit for the President (that is Trump not Putin). We all know who the real criminal is in this affair.  Meanwhile I discuss On Line (ONL) but even greater madness at Intelligent Energy (IEH) where one Bulletin Board Moron is in full flow and the (worthless) shares are up by 70%.  Then it is onto Tern (TERN), Servision (SEV), another few comments on Andalas (ADL), 13 Energy (I3E) and finally a detailed look at the rum and coke statement from worthless Boxhill (BOX). I hope Cynical Bear will give Boxhill an even bigger duffing up overnight.  

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

Published 350 days ago

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

Eco Atlantic should reignite PI interest in large exploration drills

Published 350 days ago

Back in 2010 it seemed that barely a week would go by without some tiny AIM oil explorer drilling a well that could potentially make or break the company, but these days much of that excitement seems to have disappeared.

Echo Energy shares suspended after no insider dealing on AIM, honest guv!

Published 351 days ago

Shares in uber-ramped Echo Energy (ECHO) were suspended today after a sharp share price move on Friday forced an admission from the company. Hmmmm, heavy share dealing just before a big announcement. But this is AIM, the world's most successful growth market so that is just a total coincidence just like it always is on the casino. Move along gents..nothing to see.

Ascent Placing - the deal that shows Primary Bid has come of age

Published 351 days ago

If you are not a Primary Bid member you should join now HERE. Friday's deal by Ascent Resources (AST) shows why. The £1 million placing was announced at just after hours on Friday at 1.66p. Now look what happened...

Here's the easy way to pay sub 2p per article for ShareProphets & catch a hot share tip and 3 bearcasts from Tom tonight

Published 352 days ago

Tonight Tom Winnifrith serves up a special share tip and a bearcast special (one of three bearcasts today) only on ShareProphets. To access that tip ands the bearcasts you have to be a paid subscriber to ShareProphets. It only costs you £5.99 a month to get access which works out at sub 2p per article. Think how much our big red flag calls on the AIM frauds have saved you and hot tips like IQE have made you. Its a nil brainer....it's madness not to sign up especially with those THREE bearcasts and a hot share tip from Tom coming up today.

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Fresnillo offers fantastic upside from further gold and silver strength

Published 352 days ago

Recent weakness in precious metal prices is creating some great opportunities in the equities which are affected by this, and has resulted in some mining shares dropping back to a share price level where they offer good risk versus reward.

Jim Mellon’s Diabetic Boot Company accounts out – not a pretty picture

Published 352 days ago

Investors in various Jim Mellon connected companies such as FastForward Innovations (FFWD) and Port Erin Biopharma (PEBI) may be interested in this analysis of Diabetic Boot Company’s latest six-month accounts to 31 December 2016. The bad news is that it is still losing a fortune although the good news is that at least Mr Mellon is now largely funding it himself.

Parkmead Group looks very cheap - buy

Published 354 days ago

Often the valuation of resource companies on the AIM market seems to revolve more around how popular they are amongst private investors, than having much to do with the progress that they have made, and how well they are likely to do in the future.

On Line: The Spoof continues thanks to the ADVFN Share blogger of the year

Published 354 days ago

Want to know why shares in On Line (ONL) the company with no realisable assets and a small overdraft so NO CASH TO INVEST but which is run by ADVFN boss Clem Chambers - soared from c19p to 81.5p today? Natch go to the man twice recognised as the share blogger of the year by ADVFN, Brokerman Dan. The great man opined on his blog:

Obtala shares to double to 36p says VSA - new report

Published 354 days ago

We own shares in Obtala (OBT) and think they are cheap so why not give a wider audience to a broker buy note. Okay VSA is the retained broker so it is 100% biased so feel free to ignore it completely. But for what it is worth...

Tom Winnifrith Bearcast: No fit young mums today so Cloudbuy - how much cash is left?

Published 355 days ago

Sadly it is half term so that weekly treat with Joshua is postponed for another seven days. Instead I look at Magnolia Petroleum (MAGP) as its shares hit new all time lows: boy that share consolidation worked well did it not? Then it is onto Challenger Acquisitions (CHAL) which is utterly fecked but why is boss Mark Gustafson not filling his boots with shares at 1p when he bought so ostentaiously at 20p+?  Then it is onto Cloudbuy (CBUY) which needs to fess up on its cash position, or rather lack of it. En passant I cover the spoof at On Line (ONL) and also revisit my earlier piece on AIM going underground.

Deep well success should drive Caspian Sunrise even higher

Published 355 days ago

I’m always wary of companies that have seen a large hike in share price, especially smaller ones in the natural resources sector, but in some cases the rise would appear to be justified by recent news.

On-Line - Spoooooooooooooooof! Gotcha says ADVFN's Clem Chambers

Published 355 days ago

I would not want to play poker against ADVFN (AFN) and On Line (ONL) boss Clem Chambers. The man has pulled off a blinder of a spoof this morning with On Line which has sent its shares soaring by 50%. It is all bollocks but I take my hat off to Clem anyway for pulling off such a classic spoof.

EVR Holdings: Wow! A massive fund raise - drinks all round, Matchett’s paying

Published 356 days ago

I have to tip my hat to the various brokers and advisers involved with EVR Holdings (EVRH) that have managed to place £15 million of stock with various UK and US institutional investors today. That’s a great effort with still no sign of the Melody VR app launch and the two founders have managed to cash in £5 million out of that too.

Video: the rampers meneage a trois made in heaven: David Lenigas, the LSE Asylum and UK Oil & Gas

Published 357 days ago

 UK Oil & Gas (UKOG) may be out of cash and needing to raise £10 million PDQ. It has tried the old French bid ruse but was exposed, it has tried billions of barrels claims but been exposed so how to ramp the shares. Okay Big Dave may have sold many of  his UKOG shares into the last6 ramp but let's not discuss that, the cash crisis, the refusal to admit flow rates or go for any hard analysis. It is time to wheel out Big Dave for an uber soft interview c/o the LSE Asylum with a man who makes Graham Norton on Crooked Hillary Clinton seem like Frost on Nixon The shares are up by 2% on this ramp, a chance to sell some more at 4.45p

Can we buy you a drink? Says Berkeley Energia

Published 357 days ago

I like Paul Atherley of Berkeley Energia (BKY). He is honest, likeable and capable and runs a company that looks very interesting indeed - yes we have a few shares!. That puts him in the 1% as far as AIM bosses go. And so here is a message he put out today,. If you are bored and fancy a drink next week and happen to be in the hell hole that is London...what Paul says in their message should get you excited about his company. Over to Mr Atherley...

BNN - PWC Report & Whitewash: on AIM wholesale wrongdoing does pay

Published 357 days ago

On 4 September shares in AIM listed China, er.. investment, BNN Technology (BNN) were suspended as the FD quit making serious allegations about founder and CEO Darren Mercer and CEO of China Ops Wei Qi. Today came the whitewash. Remember that shareholders not the board own any company.

Altona Energy – What on earth is Zorbas the Magpie up to now?

Published 358 days ago

Anyone who follows the lower end of AIM will have spotted the recent excitement and massive share price increase at Altona Energy (ANR) following a heavily discounted keep the lights on placing at 0.05p on 13 October. I couldn’t help but notice the name of John Zorbas cropping up and suspect that he has found something new and shiny to get excited about.

Kibo Mining – Is Louis Coetzee a liar or just a bit dim?

Published 358 days ago

I don’t normally get into personal attacks but having finally caught up with Kibo Mining’s (KIBO) most recent Monthly Q&A and listened to its CEO’s implied dig at me, I thought I should give as good as I get. I was left thinking that Louis Coetzee doesn’t really understand what happened with Kibo’s recent convoluted funding or is just lying about it.

Concepta China Update - BUY

Published 359 days ago

Many folks seemed to think that Concepta's (CPT) next announcement would be a (lack of) profits warning and/or a placing and the shares have been sold down on that basis. Oh ye of little faith.

Fox Marble: the $500,000 cheque it said was in the post has arrived

Published 359 days ago

A piece of good news is posted by our friends in Kosovo, Fox Marble (FOX). It says that the advance payment of $500,000 it was promised by OM Enterprises , a leading tile manufacturer and distributor based in Calcutta has arrived. This is part of a deal announced on the 28 September 2017 when OM Enterprises agreed, to purchase 5,000 tonnes of material over three years. As part of the agreement, OM committed to a $500,000 advance payment.

Chamberlin - machining teething issues, but longer-term outlook still promising

Published 360 days ago

Foundry and engineering group Chamberlin (CMH) has updated on “overall good levels of demand across the foundry and engineering businesses”, but that “margins within the group’s foundry businesses have been adversely affected by production issues”. The shares have, unsurprisingly, responded lower, but the potential value looks to justify a buy...

Tom Winnifrith Bearcast - If it sounds too good to be true...

Published 360 days ago

If it sounds too good to be true, it is too good to be true. That brings me to the Cascade (nothing to do with Bill Gates) ramp and Servision (SEV) and a detailed look at why it is utterly worthless. I look at the bogus French bid stories at UK Oil & Gas and how the Froggies are actually dumping the shares ahead of a bailout placing and because they are monstrously overvalued. Its also placing ahoy at Magnolia (MAGP) and Andalas (ADL) which is so shite it makes UKOG look like BP. I look at Blenheim (BNR), the boardroom departures and why its shares are 50% overvalued. Finally I try to work out how soon Condor Gold (CNR) will have yet another placing and why I would not back it at any price.

Letter to AIM Regulation - Time to end the MySquar fraud Farce and to Strip SP Angel of its Nomad license

Published 360 days ago

The past week has shown clearly why MySquar (MYSQ) shares should not be traded on any market, even the AIM Casino. I demonstrated HERE that it had lied to investors in an RNS this month. That lie stands uncorrected. I demonstrated HERE that without any doubt it had committed wholesale securities fraud on July 31. This was chapter and verse stuff and MySquar is now exposed. Yet nothing has happened. As such I have written to my pal the bogus Sheriff of AIM, Mr Marcus Stuttard the head of AIM Regulation

Paul Scott on why he's short of ASOS

Published 360 days ago

Some posts on our comments section are so interesting that they merit a wider audience. Overnight Paul Scott, Britain;s top share blogger, served up a really interesting one on ASOS (ASC), prompted by Malcolm Stacey's recent (bearish) article here. This is really very interesting analysis. The great Scott writes: 

Reader Poll results: What price the looming UK Oil & Gas bailout placing?

Published 361 days ago

So Jersey Oil & Gas got its placing away at a 21% discount and it is a company serving up good news. UK Oil & Gas (UKOG) has been serving up cold sick to its shareholders and is out of cash so needs a placing ASAP to avoid going tits up. UK Oil & Gas shares are now just 4.5p to sell so at what price do our readers expect the placing?  Look away now if you are long, strong, wrong and clearly smoking a bong.

Well spotted Roger Lawson - The Sharesoc man inadvertently discovers some big red flags at Rosslyn including a looming profits warning

Published 361 days ago

Roger Lawson of ShareSoc bought a few shares in Rosslyn Data (RDT) as a recovery punt in a placing. That he was able to get EIS relief added to the attraction although I still worry he will lose money on this company which I have highlighted many times (HERE) as a howling dog even by the standards of AIM. Lawson attended the AGM yesterday and reports back on what appears to have been a curate's egg in his mind. I think he is being well generous.

IQE – “a strong Q3”… but also unexpected historic tax liabilities

Published 361 days ago

“Settlement of prior year taxes” announcement from semiconductor industry wafer supplier IQE plc (IQE) commences that “the group recently engaged the services of an international tax firm to assist with a routine US tax filing for the year ended 2016. Unexpectedly, this exercise has identified taxes due in the US relating to the profits of an overseas subsidiary for the years ending 2013, 2014, 2015 and 2016”. Uh oh…

Tom Winnifrith Bearcast - if Jersey Oil & Gas needs a 15-20% discount, what price the UKOG placing?

Published 361 days ago

I cannot blame Jersey Oil & Gas (JOG) for raising £20 million today. It's the smart move. But if it has to offer shares at a 15-20% discount when it's on a roll what sort of discount will UK Oil & Gas (UKOG) have to offer as it seeks to raise £5-10 million with things going badly wrong? I also look at MySquar (MYSQ) after today's article that proves FRAUD. What is not allowed on AIM these days? Would complicity in mass murder be a problem? I give up.

Chapter & Verse: How MySquar committed securities fraud on July 31 using related party companies

Published 361 days ago

It is clear that Nomad SP Angel does not care if its client MySquar (MYSQ) issues lies via RNS and it has not bothered to ask the one question that would show very clearly the Securities fraud committed by its client on July 31. It is a sorry state of affairs and I shall be writing to AIM Regulation and to the chairman of the LSE later to ask that SP Angel's license be revoked as it is clearly not fit and proper to run a public lavatory let alone be a Nomad. But now for John Meyer and his fellow dullards at SP Angel here is how your client defrauded investors.

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

Published 362 days 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 362 days 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 363 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 363 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 364 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 364 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 364 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 364 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 364 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 365 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 365 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 365 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 365 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 365 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 365 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 366 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 366 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 366 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 366 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 366 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 367 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 368 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 368 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 368 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 368 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 369 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 370 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 370 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 370 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 370 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 370 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 371 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 371 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 371 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 371 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 372 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 372 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 372 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 373 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 373 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 373 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 374 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 374 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 374 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 375 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 375 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 376 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 377 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 377 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 377 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 377 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 378 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 378 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 378 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 379 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 379 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 379 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 380 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 380 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 380 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 381 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 381 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 381 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 381 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 382 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 383 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 383 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 383 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 383 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 384 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 384 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 384 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 384 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 385 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 386 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 386 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 387 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 387 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 388 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 388 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 388 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 389 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 389 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 389 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 389 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 390 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 390 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 390 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 390 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 391 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 391 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 391 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 392 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 392 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 392 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 392 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 392 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 393 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 393 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 393 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 393 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 393 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 394 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 395 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 395 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 396 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 396 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 396 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 396 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 396 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 396 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 397 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 397 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 398 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 398 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 398 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 399 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 399 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 400 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 400 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 400 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 400 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 401 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 402 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 402 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 402 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 402 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 402 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 403 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 403 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 403 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 404 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 404 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 404 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 404 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 405 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 405 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 405 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 406 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 406 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 406 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 406 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 407 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 407 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 407 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 408 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 408 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 408 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 409 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 409 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 409 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 410 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 410 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 410 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 410 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 410 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 410 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 410 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 411 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 411 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 411 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 411 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 411 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 411 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 411 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 412 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 412 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 412 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 412 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 413 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 413 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 413 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 413 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 414 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 414 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 415 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 415 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 415 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 416 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 416 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 416 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 416 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 417 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 417 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 417 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 417 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 418 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 418 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 419 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 419 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 419 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 419 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 420 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 420 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 420 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 421 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 421 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 422 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 422 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 422 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 423 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 423 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 423 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 423 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 423 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 424 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 424 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 424 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 425 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 425 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 425 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 425 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 425 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 425 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 426 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 426 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 426 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 426 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 426 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 426 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 427 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 427 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 427 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 427 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 427 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 427 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 428 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 428 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 428 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 428 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 428 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 428 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 429 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 429 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 429 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 429 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 429 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 430 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 430 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 430 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 430 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 431 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 431 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 431 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 431 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 431 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 431 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 431 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 432 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 432 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 432 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 432 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 433 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 433 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 433 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 433 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 433 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 433 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 434 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 434 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 434 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 434 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 435 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 435 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 435 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 435 days ago

I am not sure if Neil Woodford had a big stake 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 435 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 435 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 435 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 436 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 436 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 436 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 437 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 437 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 437 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 438 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 438 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 438 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 438 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 438 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 438 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 438 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 439 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 439 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 439 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 439 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 439 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 439 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 440 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 440 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 440 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 440 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 441 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 441 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 441 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 441 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 441 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 442 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 442 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 442 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 443 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 443 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 443 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 444 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 444 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 444 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 445 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 445 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 445 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 445 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 445 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 446 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 446 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 446 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 446 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 446 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 446 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 447 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 447 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 447 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 447 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 447 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 447 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 447 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 447 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 448 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 448 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.

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

Published 448 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 448 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 449 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 449 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 449 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 byRoger Lawson again

Published 449 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 he still has a few of the Globo sharesw he promoted so enthusiastically to hand out as a prize so Roger is back again

Parkmead Group has the potential to succeed in the long term

Published 450 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 450 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 450 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 450 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 450 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 450 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 451 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 451 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 451 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 451 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 452 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 452 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 452 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 452 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 452 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 453 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 453 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 453 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 453 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 454 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 454 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 454 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 454 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 454 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 454 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 455 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 455 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 455 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 455 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 456 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 456 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 456 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 456 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 byRoger Lawson

Published 456 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  Roger Lawson of ShareSoc  who will donate some of the Globo shares he owns as a prize.  Natch, 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 456 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 457 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 458 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 458 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 458 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 458 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 459 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 459 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 459 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 459 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 459 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 459 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 460 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 460 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 460 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 460 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 460 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 461 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 461 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 461 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 461 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 462 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 462 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 462 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 462 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 463 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 463 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 464 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.

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