LSE Market News

Regulator Ofgem finds failures “at every stage of sale process” UK energy sector regulator Ofgem is to fine SSE £10.5million for numerous breaches of its obligations relating to telephone, in-store and doorstep sales activities. In a statement Ofgem said the “level of fine reflects the seriousness and duration of breaches, the likely substantial harm that […]

AIM listed joke company of the year 2001-2013, Sefton Resources (LSE:SER) has this morning released an independent valuation of its Kansas reserves which can only be described as laughable. It is back to its old pal Dr Onat for this corker. It defies belief that anyone should fall for this baloney but here goes. Sefton […]

Kay Larsen is the PR bird at College Group PR who believes that she has a right to say how and where her client – AIM listed Advanced Computer Software Group (LSE:ASW) is covered. Furthermore she has accused me of hosting pornography on www.TomWinnifrith.com and claims ( falsely) that I accused a Welsh company of […]

The One Free Share Tip A Day  offering yesterday was my review to date of my macro themes for 2013. Some – such as a US Fiscal Cliff fudge, with no meaningful progress on tackling the budget deficit – have been spot on, but others have not come to pass currently. The following comes with […]

Once upon a time AIM listed CPP (LSE:CPP) was worth almost £500 million. And then the merde hit the fan. I advised shorting it at 26.75p last autumn and was again saying it was a sell at 4.625p a week ago. The shares are now 3.92p and this one will be resolved within two weeks […]

My July 2006 recommendation on t1ps.com (the site I founded in 2000 and edited until this September) of shares in specialist IT recruitment group, InterQuest (LSE:ITQ) is not one which has covered me in glory. Having tipped the shares at 67.5p, they traded above 80p until economic conditions darkened in the second quarter of 2008. […]

On 15th February I suggested selling shares in AIM listed oil producer and explorer Gulfsands Petroleum (LSE:GPX) at111.5p. The shares are now 96p. One reason NOT to sell is that Gulfsands is debt free and has net cash but I wonder how much it actually has. A buzz of IR activity of late makes me […]

Enables IT (LSE:EIT) the AIM listed provider of network and IT solutions, has served up a pre-Easter AGM statement which is confident and appears to show that this could well be a great recovery play for 2013-15. Noting that there have also been some very hefty director share purchases of late, it is not surprising […]

It is rather like the Pope saying that he is not really into this Easter business and there is no point in going to church as it does not seem to get you into heaven anyway. But just before the long weekend, AIM listed VSA Resources (LSE:VSA) – which is actually an adviser to AIM […]

Leading oil companies invest in two-year appraisal of the Clair oil field. Along with Shell, ConocoPhillips and Chevron BP has announced a two-year appraisal programme to look at the possibility of developing a third phase of the giant Clair field, west of the Shetland Islands at a cost of $500m The initial commitment involves a […]