Saturday July 30, 2016
If Corbyn wins Labour Leadership we will get 2 parties- can I join both this is so much fun
Bugger me, I'm gutted for Nicola Sturgeon as poll shows Scots want to stay in the UK despite Brexit
ISIS & Al Qaeda must be praying that Crooked Hillary Clinton defeats Trump

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Tom Winnifrith Bearcast - Business models that are fecked - European banks to cash guzzlers on AIM

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The last podcast recorded with the audience of my father for a few days sees a few comments on how he yearns for the socialist paradise of Albania in the good old days. Whatever. I look at Nostra Terra (NTOG) and what it must do and another bear point for Avanti Communications (AVN) I had overlooked, at FastForward (FFWD) and why it is such a dog with fleas and at broken business models in both new media and the European Banks. The truth is that the Emperor's New Clothes, in both cases, really are not that impressive.

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Lloyds Bank did not blame Brexit for it slashing branches it was the media that lied

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On 28th July Lloyds Bank (LLOY) published decent enough interim results, hiked its payout by 13%, and announced that it was closing an additional 200 branches and firing 3000 banksters by the end of 2017. Naturally the BBC led the media in blaming Brexit for the job losses even though that was not what Lloyds stated at all. This is quite remarkable spin and lies from the left wing press and BBC. I see that, in some quarters, Lloyds stands accused of using Brexit as an excuse for cost cutting, that is wholly unfair.

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Tom Winnfrith Postcard - IRA murderers such as Adams and McGuinness must ensure Para C is not prosecuted

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A 65 year old retired British soldier Para C faces the possibility that he will be prosecuted for the killing of an IRA leader Joe McCann who was guilty of what were almost certainly war crimes. Meanwhile folks who we know have blood on their hands - notably Gerry Adams and Martin McGuinness, today politicians, but back in the 70s IRA bigwigs, know they can never be prosecuted under a deal agreed with their fellow war criminal Tony Blair. I discuss what happened back in 1972 and the nature of reconciliation and what Adams and McGuinness should do now if they really believe in peace.

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If Corbyn wins Labour Leadership we will get 2 parties- can I join both this is so much fun

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Being a member of the Labour Party is so much fun. Seriously it is the cheapest form of entertainment going. Okay, when I say entertainment, it is rather like having front row seats at an illegal dog fight where both contestants emerge bloodied and unfit for anything but, now that fox hunting is illegal, if you like blood sports join the Labour Party.

One of the joys are the almost daily emails from all levels of the party and from the competing factions. Each sender competes with his or her rivals or superiors and inferiors in the party hierarchy to be the most sanctimonious and pious on issues that no-one on this planet cares about, with an occasional undertone of sheer nastiness sometimes about the Tories but usually about fellow Comrades. 

The other joy is, of course, 

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Bugger me, I'm gutted for Nicola Sturgeon as poll shows Scots want to stay in the UK despite Brexit

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The poisonous midget and Jimmy Krankie lookalike Nicola Sturgeon is, this morning, spitting out her porridge as a poll shows that post Brexit most Scots want to stay part of the UK. Bugger. I was so much looking forward to the midget leading her nation of whinging welfare junkies to glorious independence. I am, perhaps, even more gutted than Jimmy Krankie by this news.

Like all humourless lefties,

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ISIS & Al Qaeda must be praying that Crooked Hillary Clinton defeats Trump

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As Obama's Secretary of State, it was crooked Hillary that did so much to create the mess that is Syria today. Over the past four years President hopey change has slowly backtracked and at last peace is in sight out East. Both ISIS and the, largely Islamofascist and often Al-Qaeda affiliated, Free Syrian Army, FSA, are in retreat. But crooked Hillary has plans to change all of that.

What is it with the Democrats and blood lust?

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Tom Winnifrith Bearcast: Roland "fatty" Cornish - "oops I did it again

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I start with Gulf Keystone (GKP) and a share price driven by morons. talking of morons, London's most useless Nomad, Roland "fatty" Cornish has screwed up again. This time it is Nyota Minerals (NYO) although the real issue here is when is Nyota bust. I think it might be already. I look at Avanti and ask who is smarter: Tom Dobell of M&G, a Bulletin Board Moron or an institutional investor in bonds. I look at Koovs (KOOV), Essentra (ESNT) and Audiooboom (BOOM).

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S&P as damning as Moody's on Avanti - its implied view also that the shares are worth 0p

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Moody's was damning enough on Avanti Communications (AVN) as I noted earlier. The clear takeaway was that the shares were worth 0p given Moody's view that bondholders were in for a haircut. Now I bring you what the other credit rating agency S&P says. It is equally bearish.

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Gold to head to $10,000 an oz?

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As societal and political structures continue to breakdown worldwide, survival instincts are heightening. This inspires self-organizing communities and a decreasing confidence in central banking and other key infrastructures. Precious metals as a medium of exchange has thousands of years of tried-and-true history, so people run to these safe havens. Precious metals guru David Morgan thinks gold and silver have already hit bottom, and because of the unique situation in the world today, he wouldn’t rule out gold lifting to $10,000 oz! Oh I do hope so!

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Moody's Downgrade on Avanti Communications Bonds "default inevitable" - tells you equity is worth 0p

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Moody's has downgraded its ratings on the junk bonds of Avanti Communications warning bond holders that they would probably get just 35-65% of their cash back. In that case the equity is worthless - note the explicit warning that Avanti will face a cash crisis potentially within weeks. Moody's states viz a viz the bonds " Moody's sees a default by Avanti over the next 6-12 months as almost inevitable." On that basis the target price for Avanti shares has to be ZERO. Sell while you can.

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