smiler o
- 13 Mar 2007 16:30
- 537 of 934
Article from Times online broker to watch out for
Seymour Pierce has brought more underperforming companies to AIM over the past three years than any other City stockbroker, an analysis by The Times has shown.
The study, the first of its kind, reveals that 1,000 invested in every fundraising conducted by the firm between January 2004 and December 2006 the boom period during which more than 1,300 companies joined Londons junior stock market would on average now be worth just 799.
Over the same period, a 1,000 investment in the FTSE AIM all-share index would be worth, 1,260, up 26 per cent, The finding comes ahead of this months clampdown by the London Stock Exchange on nominated advisers (nomads), the firms that raise money on AIM, when the LSE will formally codify the standards that it expects from them. It also comes after a growing scandal surrounding Torex Retail, the AIM-listed software company at the centre of a Serious Fraud Office investigation.
Two weeks ago, John Thain, chief executive of the New York Stock Exchange, criticised AIM for a lack of stringent corporate governance requirements and said it needed to continue raising standards to avoid harming the Citys reputation.
Seymour Pierce is one of four stockbrokers whose AIM fundraisings have on average lost money for investors. The others are Bridgewell Securities, which last month ousted its chief executive after issuing two profit warnings following its own AIM flotation, Manchester-based WH Ireland, many of whose clients are in the natural resources sector, Corporate Synergy and Nomura Code Securities, a life sciences specialist.
Seymour Pierce owes much of its poor performance to Seymour Pierce Ellis (SPE), its Crawley-based private client broking business, which it sold in September to City Financial Associates for 4.65 million. However, even stripping out the effect of SPE, the firms average return would have been 1,038, which would put it in the bottom six of the 24 stockbrokers covered in the study.
Seymour Pierce has raised money for some of last years worst performers on AIM, including Smart Telecom, which fell 99 per cent, AeroBox, down 92 per cent, and Screen FX, down 91 per cent. A spokesman for the firm said: Seymour Pierce Ellis was run as an entirely separate company and is no longer part of the group.
The Timess analysis shows that, contrary to popular belief in the City, Evolution Securities is not among the worst performers, having ranked 12th after producing a return of 1,143. Its showing is helped by Premier Research, up nearly sixfold since its December 2004 float. The fact that the study uses closing share prices from December 29, 2006 means that Torex, to which Evolution is joint broker, makes a positive contribution. Torex shares, which were suspended alongside its January 26 profit warning, were trading at a 23 per cent premium to their issue price at the time.
The best-performing broker is Vancouvers Canaccord Capital, which has generated an average return of 1,954, aided by Imperial Energy, a Russian oil explorer whose shares are up 2,448 per cent since floating. The other top five stockbrokers are Investec Securities, Libertas Capital, Teather & Greenwood and Numis Securities. The 24 brokers covered by the survey which is based on transactions defined by AIM as admission or readmission of shares together raised about 12 billion for clients in the three years to December 2006.
Seymour Pierce bringing promotional garbage to the market to flip by the sounds of it.
driver
- 16 Mar 2007 09:33
- 540 of 934
Uranium Get On Board
With two of the largest uranium mines flooded the price of uranium keeps going up and will continue to do so there is a world wide shortage of the stuff the price has risen from $8 to $91 a LB and is predicted to go to $100-$150,
If you haven't got a uranium stock in your portfolio you are not to late some stocks have doubled over the last couple of months but you have not missed the boat, some will be multi baggers from here. I have two stocks VML and URA. vml also mine Gold and Silver so have revenue to fund their uranium projects, URA have a JV with Western Metals and IMO are still under valued.
Uranium Stocks
BRM
KAH
NU.
UMN
URA
UUU
VML
ZRL
RRR
UEP
According to Dines see link below, we are about at 1998 in comparison to the dot com surge that peaked in 2001. So when investors finally wake up any stock related to uranium will go north.
Check out these links, listen to
James Dines & The Uranium Bull Part 1 with Laramide Resources and Vane Minerals
http://www.minesite.com/webcasts/commodity_watch_radio.html#c412
Other related links
http://www.stockinterview.com/News/03092007/Ranger-Flooded-ERA.html
Weekly Spot Uranium Price Indicator Raised to US$90/Pound
http://www.stockinterview.com/News/03112007/Uranium-Spot-Price-ERA.html
TradeTech's Uranium Information
http://www.uranium.info/index.html
kimoldfield
- 16 Mar 2007 09:55
- 541 of 934
Driver, how about RRR for a high risk outsider?
kimoldfield
- 16 Mar 2007 10:59
- 543 of 934
Yes I agree with that Driver.
hewittalan6
- 16 Mar 2007 11:08
- 544 of 934
The price has only gone up to ensure Iran cannot afford any.
Anyway, I went better and bought a couple of lumps of sub critical uranium. I'm sat here now banging 'em together to see what might happen.
Alan
kimoldfield
- 16 Mar 2007 11:16
- 545 of 934
Are you telling the truth Alan, or talking through your uranium?
Big Ted
- 16 Mar 2007 11:46
- 546 of 934
surely we could solve the shortage problems if we could just charter a jumbo to Uranus, there must be tonnes of the stuff there...
Big Ted
- 16 Mar 2007 11:48
- 547 of 934
on a more serious note, i like the new look CFE, wasting no time in implementing expansion plans in overseas markets...
moneyplus
- 16 Mar 2007 14:08
- 549 of 934
Anyone into Hawk? This was on the Winnifrith show on wed or thurs and given a good report by the oil barrel chap---90% hit rate so far and a cash cow! He calls it a safe bet so that'll do me---it's still below the momentum radar at the moment waiting for news to start..I'm in!
moneyplus
- 16 Mar 2007 14:31
- 550 of 934
vividas is another long term hold --have you looked at it driver? the sp continues to go up despite a profit warning. this is the technology of the future! very good thread on the other side and links to demonstrate just how good this company is. I have a few but no spare cash to buy more so I hope it doesn't run up too fast.
laurie squash
- 18 Mar 2007 12:41
- 553 of 934
Have a look at Toledo Mining (TMC) at the start of a major move up IMO.
I bought some more on friday and it is already in profit.
robertalexander
- 20 Mar 2007 13:39
- 555 of 934
open to anyone, if you were to invest in one of these two companies CHP or RIFT which one would you chose and why i hold both and am one step from flipping a coin[can't be any worse than my usual methods and may be more productive.LOL]
looking for about a year-18months holding[unless i make millions then i may quit early but i am not holding my breath]
Alex