Compliance

446 days ago

Purplebricks – Compliance, Rats & Sinking Ships

I noted in yesterday’s bearcast how Purplebricks (PURP) must be due a lack of profits warning given the increasing slowdown in the number of UK residential property transactions. Some high profile rats, it seems, are not waiting for the ship to sink.

2318 days ago

Tom Winnifrith Bearcast: Merry Christmas to you all unless...

I start with the issue that has been bugging me all week, there is light at the end of the tunnel. I review a number of villains like Rob Terry, MySquar's holocaust denying fraudster scumbag of a CEO Schaer & also the China team at Pinsent Masons and look at what 2018 has in store for them. I ask very serious questions indeed of the compliance department at Woodford Capital as Cynical Bear continues to take Neil Woodford apart. My experience as a failed fund manager gives me some insight into the mess I think Nomates is now in. I look at the shocking behaviour of London Capital (LCG) and Real Good Food (RGD) on Friday. Tosserrs. And, like Malcolm, I have a Christmas message for you all and send you all my best wishes. That is unless you are Woodford, Terry etc

3746 days ago

The Silverdell Scandal – another question for Nomad FinnCap & Disgraced CEO Sean Nutley

The Silverdell (SID) scandal meanders on with Nominated advisor FinnCap, headed by self-important Sam Smith (pictured), insisting that in trousering hundreds of thousands of pounds in fees, it has done nothing wrong. Its Compliance Officer Mr Tubby has conducted a “full review” and found that his firm was not in any way negligent of its responsibilities. Hmmmmmm – a new whistleblower has contacted me.

You can read Mr Tubby’s protestations of innocence and why they do not wash HERE

I now turn to the trading statement of 20^th June 2013 when AIM Cesspit posterboy Silverdell stressed how brilliantly it was doing even though its main subsidiary had received a winding up order on 13^th June which brought the PLC down by 2^nd July. When a company issues a trading statement it will have a minuted board meeting with the Chairman in charge to approve it. A copy of the minute will be passed to the Nomad before the statement is released.

Mr Tubby: 

3767 days ago

2014 Tip of the year Number 3 – Lombard Risk Management at a 13.5p offer

All three of my tips of the year are based on my macro assumptions which you can find HERE. In this case this is a play on the sexiness of tech & the long term (groan, groan) burgeoning of demand for companies to spend ever more on compliance– tip 3 is software business Lombard Risk Management (LRM) at a 13.5p offer price