forwardloop
22 Jan 2015
in business We are still doing business then....Stellar Diamonds plc, the AIM quoted (AIM: STEL) diamond mining and exploration company focused on West Africa, announces that the Company has raised approximately £1 million through the issue of 88,362,066 new ordinary shares of 1p each (the "New Ordinary Shares"
at 1.16p per share ("Issue Price" to directors, existing private shareholders and new institutional investors (the "Fundraising". The Fundraising has been conducted in conjunction with Daniel Stewart & Company plc.
Orchard Gate
29 Dec 2014
Another one bites the dust Obviously I’ve been a bearis about DS for some time and obviously I’ve been right. But it’s not the only share I’ve posted bearish comments about on Interactive Investor during 2014, so at the end of the year it’s right to take a quick ‘stock take’ and see how all of those views - right and wrong - have stacked up. A bit like a poor man’s Simon Thompson. But with a far better record than him.I was already bearish about three shares and continued to be so throughout the year: Polo, Daniel Stewart and Colt. Polo is down 79% this year, Daniel Stewart is bust in all but name and with the shares suspended I count that as a 100% fall and Colt is the one about which I was (very slightly) wrong as they are up 2% this year, underperforming the market and its sector but still up. And still a long term dog in my view.Then there are six other shares about which I expressed bearish views for the first time this year. Let’s start with RBS. I’ve been bullish since early 2009 when I first bought in and it has been a very profitable investment for me. But I turned cautious at the start of the year and advised selling in January with the shares at 360p saying “I suspect the shares are in for a very rough ride over the next few months”. I was sort of right – the shares then fell to 296p (down 18%) - but I’m happy to call this a wrong call as they have subsequently rallied quite strongly and are now 393p, up 9% since that sell recommendation.For the other five, things have been a lot less bright with every one of them tanking. On 27 February I suggest AO World was worth shorting (as I had just done myself) at the price then of 380p and the shares subsequently fell to 149.6p, down 61%. They have since rallied but are still 25% lower than when I suggested they would make a good short.In April I said Serco was effectively bust and the shares have since fallen 53%.In June I said Naibu was not a real investment and the shares then collapsed by 84%.In August I recommended investors sell out of Monitise (a share I had bought and sold at a decent profit) and they are down 42% since I made that call.And finally DX the logistics group. Not a strong call from me but I thought best avoided at the IC buy price of 120p and even at 105p when I posted in October and now at 87p, they are down 17%.If you take a straight average of each of those calls (from the date made to closing prices on 29 December and counting AO World as down just 25%) then my average bear call is 43% lower than when I suggested people avoid, sell or short and seven out of nine are down, each by 17% or more. If you annualise the results they’re down by an average of 68%.Of course, this could just be random but the 2014 record suggests (and last year was similar) some people really can spot a dog a mile away.
Orchard Gate
23 Dec 2014
Nice Nice to see that despite all of it financial woes Daniel Stewart provides a loan of £250,000 to Peter Shea. For 30 years. Oh and it's interest free as well.Nice work if you can get it.
BOWOOD
20 Dec 2014
Re: When does this go bust? It has gone bust effectively. Client base in decline and sector doing not so well.
Buzz Lite beer
19 Dec 2014
Re: When does this go bust? amazed it has survived this long
Orchard Gate
19 Dec 2014
When does this go bust? Before or after the new year?
