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Brokers, Broker Reliability, Online, Options, Data, News Discussion
blacksheep
post Posted: Nov 17 2018, 01:15 PM
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Interesting article on Stephen Silver/Hunter Capital and some of the stocks they backed
Hunter or the hunted? Fast life at the small end of town
QUOTE
A Fairfax Media analysis of Hunter Capital’s stock picks and activities reveals a firm that works for a wide number of small firms, quite a number of which incinerate shareholder investments.

Despite some appearing doubtful investments at the start, often these companies are backed by the Silver’s equity analysts — used by traders and investors to pick stocks — to in a spectacular way.

Silver tells Fairfax Media though that his company engages only “with companies which we believe will fundamentally perform and will be earning accretive in the long term”.

Of course nothing in investing is certain but some of Hunter's deals have raised eyebrows including a company called Magnum Gas & Power, which was once Golden Tiger Mining and is now Raven Energy.

'Strong news flow'
The company has prospecting licences in Botswana and an investment in a California gas basin, and brought in Hunter Capital to handle a share placement last July followed by the issue of new shares in August, both at 0.125 cents per share.

Despite working on myriad projects in Africa for several years, including a 2015 proposal to build a solar power station in Botswana, the company has achieved few results.

In August, Raven said it would sell its final assets in Botswana, two exploration licenses.

But in September last year, just a month after advising on the issue of new shares, Hunter Capital’s equity analyst J-François Bertincourt placed a 14 cents target price on the company, more than seven times what the stock was trading at on the day.

“Strong news flow is expected in the next six months,” he wrote.

“Due to the high probability of success of the Tulainyo structure we have constructed a development scenario, which assumes a gas field development.”

To date, there has been no development – but instead the project has hit legal hurdles from co-investors, and the company remains suspended from the Australian Securities Exchange after failing to pay listing fees in August, having gone into trading halt in March.

And while the directors collected hundreds of thousands of dollars, the company has remained off the stock market, last trading in March at just 0.2 cents per share, a long way from Hunter Capital’s estimate.

If that was a one-off, perhaps it would not have raised curious looks. Things go wrong.


read more - https://www.theage.com.au/business/banking-...116-p50gfm.html



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
mercury
post Posted: Aug 6 2018, 09:05 PM
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In Reply To: Teduardo's post @ Aug 6 2018, 04:07 PM

Metastock I like(d)....haven't used it for awhile.You need the software first (not sure what they charge these days...maybe you can tell me in your reply)But then you need daily data for the charting software (Metastock) which can be purchased from vaious companies.I used to use Paritech.



Said 'Thanks' for this post: Teduardo  
 
Teduardo
post Posted: Aug 6 2018, 04:07 PM
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Hi all, first time poster and getting back into trading after a number of years and things have moved on a bit...Hoping I can get some peoples experience with charting software and DMA CFD brokers for swing trading OZ stocks - or direct me to any previous posts on the topic.

The charting platforms on the consideration list: Sierra Chart, Ninja Trader 7 or 8, TradeStation, MetStock and Multicharts...the reason being I use an indicator which has been coded for these platforms only.

As mentioned, I'm also looking for a good DMA CFD broker. I understand FP Markets offer DMA as does IG on some products - any feedback would be great.

I'm also interested to know if you can now integrate broker data & order placement with charting platforms or would I need to run applications separately?

Again, its been a while so getting up to speed available options so thanks for your input.

Cheers

T

 
blacksheep
post Posted: Jul 19 2018, 10:04 PM
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Interesting article - Cayman broker charged with securities fraud

extract
QUOTE
The Securities and Exchange Commission has charged Cayman Islands-based broker Oliver-Barret Lindsay together with a stock promoter and three others involved in a series of alleged penny stock fraud schemes that unraveled as a result of an FBI undercover operation and an SEC trading suspension.


QUOTE
On Jan. 29, 2018, Mr. Giguiere promoted the KVMD stock on TheMoneyStreet, a website he controlled, with an article titled “Can Machine Learning Actually Predict Therapeutic Results?”

The article claimed that TheMoneyStreet was “diving into the consumer sports and active lifestyle therapy market, specifically the sub-sector of combined fitness tracking, artificial intelligence and therapeutic treatment” and that it had identified KVMD as “[o]ne such Company perfectly positioned to take advantage of this fast-growing category.”

The article then recommended investing in KVMD by stating: “[W]e believe that the investment opportunity is right now. And you can’t play if you aren’t in the game. Given Kelvin Medical’s (OTC: KVMD) current share price, we believe that a double or triple share price value is not out of the question. But like we always say, YOU MUST OWN KVMD in order to ride its growth. So HURRY up and do your own research on Kelvin Medical, and make sure to show this information to your broker.”

The article did not disclose that Mr. Giguiere owned and controlled TheMoneyStreet, or that Mr. Giguiere was a control person of KVMD.

On March 12, Mr. Giguiere and Mr. Lindsay allegedly began selling the 1.5 million shares of KVMD held by Cataleya at Cayman broker CMGT. However, their plan to sell these shares at a predetermined price “between a dollar fifty and a dollar seventy” was thwarted, the complaint said, when, on March 19, the SEC suspended trading in the securities of the purported medical device company, “due to concerns about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in KVMD’s common stock.

The SEC’s complaint also charges three others who began laying the groundwork for an unrelated pump-and-dump scheme.

“As alleged in our complaint, these stock traders hijacked companies and manipulated the market to enrich themselves at the expense of the investing public. Law enforcement is committed to rooting out microcap fraud and exposing it no matter how encrypted or complex such schemes may be,” said Marc P. Berger, director of the SEC’s New York Office.

https://www.caymancompass.com/2018/07/18/ca...curities-fraud/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jun 9 2018, 08:57 PM
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Posts: 5,115
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In Reply To: blacksheep's post @ May 24 2018, 07:40 PM

The dark art of capital raising
by Jemima Whyte
extract
QUOTE
The Australian Securities and Investments Commission has flagged it will examine allocations, to ensure stock is allocated in the best interest of the corporate client, rather than the broker's clients. The regulator says it will make site visits and conduct reviews, as well as examine communication with investors about the bookbuild as it develops.

Book messages – the updates that brokers sent to clients about demand for deals – have changed since the ANZ placement, sources have said. It is the dismantling of another unwritten market rule: never believe the broker when he says the book is well bid.


read more - https://www.afr.com/business/banking-and-fi...20180607-h1146z



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: May 24 2018, 07:40 PM
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A little bit late wacko.gif nevertheless welcome. Let's hope it's not just another round of "hot air" to placate investors in the wake of recent events surrounding certain stocks

ASIC embarks on sweeping IPO, capital raising clampdown

QUOTE
The corporate regulator has fired a warning shot at stockbrokers over allocations of stock in initial public offerings and capital raisings, signalling it will make site visits and conduct reviews to ward against any favourable treatment of some investors.

http://www.afr.com/business/banking-and-fi...20180523-h10gzz



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Mar 30 2018, 02:17 PM
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Came across this (old) Equity Research (below) penned by Bear Sterns on Enron Corp. It's dated 26 January 2001. At the time they gave Enron a $98.00 price target for 12 months - "reflecting Enron's highly successful existing business, customer relationships and contractual agreements", etc, etc.

We all know what what happened to Enron, but here's a reminder of the events post BS research and target price. Anyone who relied on their recommendation would be seriously up the creek without a paddle. The point here shows just how wrong some brokers get it and what little DD they do.
QUOTE
Enron Corp., formed in 1985 and based in Houston, was the largest natural gas merchant in North America and the largest marketer of electricity in the United States before its collapse
.
.-- Oct. 16, 2001: Enron reports a $618 million third-quarter loss and discloses a $1.2 billion reduction in shareholder equity, partly related to partnerships run by chief financial officer Andrew Fastow.

-- Oct. 22, 2001: Enron acknowledges Securities and Exchange Commission inquiry into a possible conflict of interest related to the company's dealings with those partnerships.

-- Oct. 31, 2001: Enron announces the SEC inquiry has been upgraded to a formal investigation.

-- Nov. 6, 2001: Enron's stock price drops below $10 a share after reports the financially troubled energy trader was seeking additional financing to shore up confidence.


Bear Sterns itself collapsed in 2007 - https://www.investopedia.com/articles/07/be...ns-collapse.asp.
Attached File(s)
Attached File  DZZbeywWAAAggIz.jpg ( 135.43K ) Number of downloads: 9

 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
Brierley
post Posted: Dec 9 2017, 04:14 PM
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Received the following from OpenMarkets on 22-11-17

Wondering if it might provide dynamic stock prices ?

QUOTE
OpenMarkets mobile app

We're excited to announce that we will be shortly releasing the OpenMarkets mobile app! The OpenMarkets app has been built for iOS and Android phones so you can access your account and trade on-the-go. We will notify you about our app's release in the coming month.


Built for IOS and Android phones. Release in December

 
blacksheep
post Posted: Dec 4 2017, 10:27 PM
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DM! was formerly BER

BELL POTTER TO PAY $358K PENALTY FOR MANIPULATING THE MARKET
https://www.businessnewsaus.com.au/articles...the-market.html

Friday 1 December 2017
QUOTE
17-414MR ASIC bans Bell Potter Securities Ltd trader Damien Rodr from providing financial services

ASIC has banned Mr Damien Rodr, of Sydney, from providing financial services under s920A of the Corporations Act following an ASIC investigation into trading in the shares of DirectMoney Ltd ('DirectMoney'; ASX code: DM1).
Mr Rodr, a Designated Trading Representative (or 'DTR') for Bell Potter Securities Ltd ('Bell Potter'), has been banned for four years due to his involvement in trading in DM1 shares between 14 July 2015 and 23 July 2015.

Bell Potter had been the manager and underwriter to a capital raising, resulting in DirectMoney being admitted to the ASX on 13 July 2015. ASIC alleges that in the two weeks following the commencement of trading, Mr Rodr entered bids for DM1 shares, through Bell Potter's house account, with the dominant purpose of supporting the DM1 share price on the ASX.

ASIC's investigation found that Mr Rodr took part in transactions that had the effect of creating an artificial price for trading in DM1 shares, including transactions that increased and/or restored the ASX's closing price for DM1.

ASIC is further concerned that Mr Rodr is likely to contravene a financial services law, on the basis that his conduct involved multiple transactions during the relevant period, and that he has not addressed his conduct or accepted responsibility for it.

'ASIC will take action to ban people from providing financial services if they engage in conduct that undermines the integrity of our markets. This is particularly the case of gatekeepers entrusted with ensuring public confidence,' ASIC Commissioner Cathie Armour said.
https://www.asic.gov.au/about-asic/media-ce...ncial-services/
Mr Rodr has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision.

ASIC's investigation into trading in the shares of DirectMoney is continuing.

Background

On 16 November 2017 Bell Potter paid a penalty of $358,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ('the MDP'; refer: 17-387MR)

The infringement notice was issued by the MDP in relation to an alleged contravention of subsection 798H(1) of the Corporations Act, after the MDP found it had reasonable grounds to believe that Bell Potter had contravened Rule 5.7.1 and 5.11.1 of the ASIC Market Integrity Rules (ASX Market) 2010.

The infringement notice was issued for Bell Potter's alleged conduct in July 2015, for reasons including that it made bids for DM1 shares with the intention, and having the effect of, supporting the price of DM1 shares.

Bell Potter's compliance with the infringement notice is not an admission of guilt or liability, and Bell Potter is not taken to have contravened subsection 798H(1) of the Act.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Aug 28 2017, 07:49 PM
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Good description of Broker research/recommendations - and it's written by a Broker - Marcus Padley

QUOTE
Broker Research

Do I really have to explain this one. Most broker research is a cross between a marketing document and sucking up to the companies the research is written about, in the hope of a corporate relationship if one doesn't exist, or to service the existing relationship if it already does. The analysts aren’t stupid, the research is worth reading, they've done more work than you, they have better access, they know more, but understand that it is not independent advice. Also understand that by the time you read it, if it actually does have some insight, all the important clients have had it for the last week. You are there to ice the price not take advantage of it.

Broker research is tainted with corporate purpose and is rarely written with the singular motive to make the end reader money. Here is an extract from the Marcus Today Shorter Melbourne Dictionary of stockbroker recommendations, which just about sums it up.

BUY – It’s listed.
HOLD – It’s a SELL and we’re not about to ruin years of relationship building between the analyst and the company and the corporate department and the company.
SELL – We pitched for a role in the capital raising and another broker beat us. .
We are moving from BUY to HOLD – SELL
We are moving from HOLD to UNDERPERFORM - SELL
UNDERWEIGHT - SELL
Oversold – It's a terrible company but we’re the broker.
BUY (on a small company from a big broker) – We are about to do a capital raising.
Conviction BUY – Same as a BUY but we’re a small broker craving attention.

The bottom line is that the majority of broker research is tainted by some Machiavellian purpose and on that basis, it as a waste of time.

https://marcustoday.com.au/webpages/832_edu...cf&id=30827




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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