Author stories Proactiveinvestors Author stories RSS feed en Sat, 20 Jan 2018 11:30:35 +0000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) Forbidden Technologies delighted by development of eva Forbidden Technologies (LON:FBT) has hailed the launch of 'eva', its social video editing and sharing platform that began alpha testing last month.

After setting an ambitious target to get 2,000 Facebook likes in September, it had received 6000 likes by the end of the month, the software group said.

Prototypes for the version 1 release are now nearly complete and an upgrade, eva Alpha 2 that will also be aimed at Android devices, is currently in the planning stages.

Work has begun on a more advanced beta test version for iOS, Apple’s operating system.

To ensure that the platform is the best of its kind, Forbidden said it had created the “eva Ambassador” programme.

Experienced leaders in business innovation and social media such as Google Ambassador, Matt Dufour, Edd Read, co-founder of Graze, and George Berkowski who introduced the Hailo product to the market, have been providing their expertise and insight to eva.

Tue, 30 Sep 2014 11:56:00 +0100
Warmer weather plays havoc with Next's sales growth While the Indian summer has been greatly received by the British public, it has not been so kind to retailer Next (LON:NXT).

The clothing powerhouse said the warm weather meant sales growth had been slower than previously expected at 6% rather than the 10% previously forecast.

A colder August resulted in more shoppers hitting the store; however, the unexpected warm weather in September kept shoppers away as they basked in the last rays of the British summer.

The fashion chain kept financial forecasts for the full year unchanged as it may make up lost sales, but it warned if the warm snap continues throughout October full year profit guidance may be lowered from the current £775mln to £815mln.

Shares fell 3.8% to 6,605p.

City firm Investec said the announcement is likely to hit sentiment across the clothing sector, and that prediction seems on the money, with Marks & Spencer's shares off 2.2%.

The median forecast for this year's profit before tax was £798mln, but that number is sure to change. Investec is one of the first to change its numbers, slashing its profit before tax forecast from £510mln to £480mln.

Tue, 30 Sep 2014 10:42:00 +0100
Sphere Medical pushing forward with Johnson & Johnson partnership Sphere Medical (LON:SPHR), tells Proactiveinvestors that the company is anticipating a major milestone with the CE Mark for blood analyser Proxima. Using this, the new partnership with OCD, a unit of the medical devices company Johnson & Johnson, Sphere will then commercialise the platform globally. ]]> Thu, 19 Sep 2013 12:22:00 +0100 Hambledon Mining: Are investors missing a trick? Are investors in Hambledon Mining (LON:HMB) missing a trick? Well it would appear so if the current share price is anything to go by.

The stock is changing hands for 1.6 pence, which is a 25 per cent discount to 2 pence offer tabled by African Resources for 60 per cent of Hambledon.

There has been some upward movement from the 1.2 pence at which Hambledon was trading before the approach. But frankly Hambledon should be trading much closer to the offer price.

There will be some suspicion that African Resource, led by 47-year-old Ashar Qureshi, is getting Hambledon on the cheap. Certainly those who bought a year ago when the stock was changing hands for 4 pence will think this is the case.

But let’s consider what will happen if the offer fails to get the requisite support (and this is what the share price is currently suggesting).

Well, then Hambledon loses out on a supportive investor, access to new sources of much needed capital and technical and in-country experience. 

A source close to the deal told me: “If successful, the company will retain its listing and our aim is to work closely with the management team in ameliorating its current situation. 

“We will give it access to capital that has up until now not been available, transform the performance of the current portfolio through our technical and in-country experience as well as acquire additional assets.”

Remember the ride for investors thus far has not been a smooth or happy one. 

Its main asset is the Sekisovskoye gold and silver deposit in the Glubokovsky region of East Kazakhstan. 

Production in the last quarter was down 21 per cent at just under 6,000 ounces of gold with output from the open pits constrained by reduced tailings dam capacity.

Meanwhile, the recent strategic review has suspended underground operations so as to conserve cash.

There is also litigation between Hambledon and the Kazakh authorities regarding an environmental issue with production, which is on-going. 

In short, the past year has been an uphill struggle for company – and the next 12 months looks equally challenging if the management has struggle on unaided. 

Investment, help and guidance will, my insider at African Resources’ tells me, also allow Hambledon to make the most of the deal to acquire Akmola Gold, which has two gold deposits in northern Central Kazakhstan.  

“African Resources believes that the Sekisovskoye mine and the Akmola assets present attractive growth and value opportunities,” my insider concludes.  

“Hambledon has the potential to perform if it can alleviate the issues regarding its operational record.  

“African Resources believes that the change of structure will be viewed positively and subsequently a more palatable solution to the environmental situation will be found for all parties, thus securing the future of the company.”

Remember the offer closes on November 23. For more information go to


Fri, 16 Nov 2012 13:15:00 +0000