2016 days ago
In this podcast recorded in my car in a side street of Kambos I discuss my journey to the Greek Hovel and being recognised by a man at Gatwick. Fame! Not! Then I look at Versarien (VRS), Asiamet (ARS), First Derivatives (FDP), UK Oil & Gas (UKOG) and the most terrifying stat of all from the Chinese bubble - a warning for you all.
2836 days ago
In this , the 29th week of 2016, over-ramped bubble stock FastForward Innovations (FFWD) has just issued its 43rd RNS of the year. Pump, pump, pump...the dump is on its way. As a bonus the numbers in today's statement simply do not add up at all. It is pure shite but maybe the morons will buy it because another placing is on the way. Today's update concerns a Chinese Company called Yooya in which FastForward has invested.
3202 days ago
It is 4.37 and I am just pondering whether to have a last cigarette or to head straight onto the 4.47 from Temple Meads. I stand in the area in front of the ticket booths pondering when a petite young Chinese woman wanders up. Er…uh, a hit person from AIM fraud Jiasen?
She opens her wallet and shows me a ticket to London. “Where go?” she says. Follow me say I beckoning as I walk towards and through the ticket barriers and point to the train on platform 3 just the other side.
She follows. As I wander up towards my normal seat in coach F (a full desk next to the coffee bar) I hear the pitter patter of tiny footsteps. I climb on board in coach F and wander to my seat on the deserted train. The following continues. The normal solitude of my journey which lasts until Didcot, when the train fills up, is today broken. Follow me was an instruction followed literally for the little lady now sits directly in front of me.
Maybe she is a Jiasen hit person after all and is waiting to do her job when – in a few minutes – I head off for a coffee?
3236 days ago
Chinese AIM play Auhua Clean Energy (ACE) shares now trade at 14p. The company promised in December that it would release its annual results for calendar 2014 in April. It is now June and still no results.
At the half year the company claimed to have net cash of more than £4 million and to be profitable. So why is it doing a placing?
3504 days ago
Shares in Alibaba have raced ahead since its IPO and the Chinese internet giant (which could not get a HK listing away so is US listed is now valued at more than Wal-Mart. Are you temped or compelled to get on board? Personally I think the valuation is insane and am not wild about Chinese stocks in general. But what do you think? The deadline for voting is midnight Sunday and you can vote only once unless you are from Glasgow where it appears multiple voting is par for the course.
3505 days ago
Shares in Naibu (NBU), the AIM Cesspit posterboy Chinese company that claims to make sports shoes are off 30% today at 35p. You cannot say that I have not warned you that this is an outright Norfolk and interims today make that clear. The target price is 0p.
Before we deal with the interims I want you to note that CEO Houyan Lin elected to take his final dividend in shares not cash. That he did so was information that had to be dragged out of hapless Nomad Daniel Stewart (the company that listed Quenron as well as Naibu) – it knew this on 15 August but failed to tell investors until 10 September.
The scrip dividend was at a price of 64.8p. The market price at election time was sub 50p and Mr Lin knew when electing that interims would be dire and see the share price crater. So why did he take shares not cash (which he could have used to buy shares much cheaper in the market)? Because this is a Norfolk and today’s interims make that clear.
The headline numbers look great.
3729 days ago
I asked readers last week why the Station at the pretty Cotswolds town Moreton-in-Marsh, appeared to have signs in both English and Chinese. Silly me, Mu (a Japanese cat loving neighbour from Bristol) put me in my place straight away – the signs are in Japanese.
Apparently, according to my step mother, there are a lot of Japanese students and tourists who visit Moreton. But in staring at the Asian letters I missed something, PC station manager Teresa Ceesay may be a whizz at the Japanese but seems a bit less on the ball when it comes to….English.
Among the signs at her station are ones for Stow-in-the-Wold. I think, Teresa will find that she means Stow-on-the-Wold. The Japanese version gets it right.
Unlike Teresa, I stand corrected.
