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5 Slam-Dunk Sells for 2018 – almost the final reckoning

By Nigel Somerville, the Deputy Sheriff of AIM | Sunday 23 December 2018

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

We are days away from the end of 2018 and so it is time for almost the final reckoning for my portfolio of 5 shares to sell this year. I say almost the final reckoning because Tom Winnifrith’s Winnileaks has been receiving a few things which suggest that AIM-listed Frontera Resources (FRR) may well be facing its final reckoning extremely soon – ouzo at the ready, then!

Of the original five selections, AIM-listed Tern was dropped after it dispensed with its catastrophic death spiral facility and was replaced with AIM-listed Inspirit – whose shares are now just 0.0325p and we await full year results to June by year-end. Ho hum, how’s the cash position?

I called it a day with Catannae Innovation (CTAE) last update as it had raised a bit more cash and seemed to have the potential for a decent deal. More to the point, it is no longer Milestone Group and I had already clocked up a huge profit.

As for the rest, as mentioned above, Frontera seems moments away from implosion. It has no cash, can’t raise any and owes loads of money. With no income to speak of it is surely a zero and the share price has come off sharply – with more to come, or a Nomad resignation surely within days. We may be just four days from the year-end but I fancy a zero here before 2018 is out.

UK Oil and Gas (UKOG) has been slipping and still hasn’t proved up anything like the oil needed to justify its share price. The slide looks set to continue.

And Telit (TCM) has also had a few problems: the FCA investigation continues and now includes what is surely securities fraud, the buyer of the one bit to have any value seems to have been dragging its heels and the cash position continues to decline – as does the share price. I fancy this will also end as a zero, but perhaps not before the end of the year.

And so to the scoreboard:



  2017 year end   current     Gain
  bid offer   bid offer  
UKOG 2.95 3.05   1.3 1.4   -54.2
TERN 2.5 2.75   position closed at 3p 20.0
FRR 0.48 0.49   0.28 0.3   -38.5
CTAE 0.39 0.42   0.09 0.1   -74.4
TCM 150 151   127.7 130   -13.2
INSP 0.04 0.06   0.03 0   -12.5
            Average -28.8

The score last month was minus 18% and now, all of a sudden, we are at minus 29%. Always good to end with a flourish!

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