361 days ago
I start with a personal financial question: my SIPP – for reasons I shall explain – has a wodge of cash. Should I stay in cash, invest in a safe 4%+ yielding FTSE 100 stock or add to holdings in Skinbiotherapeutics (SBTX) or Jubilee Metals (JLP). Then to economics. the chart below is pinched from Guido and I discuss what it means for UK PLC. Then I look at the 2 matters the FCA should be investigating at Guild ESports (GILD), at Tern (TERN) and at strange matters at BlueJay Mining (JAY), a perma-dog, IMHO, which is always a short.
445 days ago
I start with today’s bombshell expose. Either shares must be suspended or an RNS is needed to answer specific allegations, first thing on Monday. Then it is onto the FTSE 100 hitting a record high: buy, sell or hold?. Finally, the full Sharestock line-up is (almost) revealed. You can book your seats (50% of which have now gone) HERE
450 days ago
I start with the FTSE 100. Should we celebrate it “soaring” to the level it was at the time of the war criminal Blair? Then onto Caracal Gold (GCAT) and more bad news on the way, to ITM Power (ITM), Inland (INL), Amigo (AMGO), IGC-Longbow Senior (LBOW) which lies about my anonymity and Tower Resources (TRP) and its desperate attempt to hide a death spiral with a verbose release.
662 days ago
Pass the sick bag. You might think that Sam Smith opted to quit as boss of FinnCap (FCAP) the other day was because in the three and a half years since its IPO the shares have slumped by a third despite City advisers hauling in record fees for the past two years. But as the bear market growls it is a matter of when, not if, FinnCrap serves up a dire profits warning so it is better to walk now before the merde really hits the proverbial. But today’s Femail section of the appalling Daily Mail suggests there is a lot more to the story. For starters did you know that the firm Sam started was in the the FTSE 100?
775 days ago
I see that amid some optimism that we might see peace in Ukraine the FTSE 100 is staging a bit of a rally as I write. And with that all sorts of stocks among the small and mid-caps are heading higher. Of course, I pray for peace. If we get it then all stocks will be marked higher but for how long?
1205 days ago
Yup, if he does an interview with me and my tough questions, shares in Optibiotix (OPTI) go down. So, going forward, it is only those paid-for interviews with folks like Proactive. “Steve, is your schlonger enormous or gigantic? Why are your shares so cheap? etc etc.” Whatever, I apologise to you all for asking the odd question. Without my malign influence, Optibiotix would clearly be in the FTSE 100. I discuss this company’s prospects and also those of Skinbiotherapeutics (SBTX) where I am also a loyal shareholder. I look at Trainline (TRN), Online Blockchain (OBC) and Vast Resources (VAST).
1210 days ago
Of course, here in Wales, you can get Covid from sledging but Joshua and I will risk it and as the first snow fell today his excitement was off the scale. Sadly the snow has not lasted. Fingers crossed for tonight. In the podcast I discuss tips of the year contests ( as opposed to our 22 tips of the year) and laugh at Justin Urquhart-Stewart. I look at two reasosn the bulls spout for bullishness and discuss. And i look at executive turnover and greed among FTSE 100 fat cats.
1387 days ago
Today it is Haile Selassie who gets de-statued. This confuses me. Then Nigel Wray gets confused as to the value of the FTSE 100 and of Apple. I share his confusion, can you help me. I discuss Burford (BUR) and then go to town on Totally (TLY) where the balance sheet is a joke and today’s results statement needs to be rewritten and re-issued. Finally I have just filmed the first main stage presentation for MineProphets on July 18. It is almpst an hour long and, I learned a lot from it, it really is most excellent. Book your seat HERE
1438 days ago
At the recent ShareProphets Shares Conference, PrimaryBid CEO Anand Sambasivan emphasised its expanding reach – this is shown today by a fundraising from FTSE 100 catering and other support services group Compass (CPG) including a “Retail Offer via PrimaryBid.com” Thus Anand’s company is now officially in the big league and if you have not registered for free you should do so at once HERE
1501 days ago
I had a long chat with Lucian Miers who is right now in Cambodia ( cue cheap Gary Glitter jokes from morons on ADVFN). We discussed coronavirus and the state of the markets. What to buy in the FTSE 100 and his shorts: De la Rue (DLAR), Versarien (VRS), Easyjet (EZJ), IQE (IQE), Apple, Tesla and Purplebricks (PURP) and also the ethics of bailouts and what Governments will be allowed to do., I also comment on Finablr (FIN) and panic selling in Big Sofa (BST)
1514 days ago
Natch the bad news came after hours, at no-one is watching O’clock. With journalist smearing FTI Consulting doing the PR turd polishing what else would you expect? My pal Carson Block of Muddy Waters whose dossier first exposed the cesspit at NMC on 17 December 2019 HERE noted “At this point, the company’s announcements speak for themselves and seem to be even more damning than our initial report was.” Indeed. Well let’s start with the apologies
To ShareSoc and Mark Shapland at the Evening Standard and other deadwood press hacks too terrified or so beholden to FTI
1881 days ago
First of all. I deal with James Hurley who is obviously a pompous little prat and a total knobhead. Then it is onto Neil Woodfotd where, belatedly, the deadwood press is waking up. I do the math on his remaining FTSE 100 holdings. I am a bit tired. having done a 16 mile training walk for Woodlarks in rain, wind and mud today so as you think of an exhausted 51 year old man slowly recovering please support the rogue bloggers for Woodlarks HERE
1889 days ago
In today's podcast I look at Audioboom (BOOM) in light of today's placing "scoop" in the M ail on Sunday and also what it says about the corruption of the deadwood press. I also comment on the virtue signalling by silly business minister Kelly Tollhurst re diversity on FTSE 100 boards. Suffice to say, she scores a gamma double minus for data analysis.
1942 days ago
I start with this tip which really is hot. Then I look at the FTSE 100 and why targets for year end 2019 really are meaningless. I then give a target but you may well think that it understates my true level of bearishness. You would be right and I explain why.
2211 days ago
God willing I will be recording a bearcast from Bristol tomorrow. But this is my last from New York and for any Greek listeners I should say Happy Easter. I discuss Martin Sorrell at WPP (WPP). He is a pompous arse but should he be fired? Then to the Dow, the FTSE 100 and why small caps are not immune from a sell-off that is far from over.
2659 days ago
I have an awful cold so cannot speak properly and the Mrs is giving me grounds for divorce (again) with awful TV choices as I suffer from my ailments. In the podcast I cover insider dealing (ref Logica), buying after a profits warning (ref Red Rock & SpaceandPeople) and why the bulls are wrong even though the FTSE 100 is at a record high (ref Malcolm Stacey)
2907 days ago
Dodgy Dave and Project Fear keep on lining up fat cat FTSE 100 bosses to oppose Brexit. None of these chaps are entrepreneurs who start businesses with their own capital. They are just grotesquely overpaid managers who prosper whether profits are rocketing or plunging. They are crony capitalists who like the EU as its feast of red tape helps put smaller competitors out of business. But Dodgy Dave and vile harridans such as Amber Rudd time and time and time again tell us that this means that most businessmen oppose Brexit. It will not surprise you greatly that this is a lie.
2937 days ago
FTSE 100 fat cats are in the news. They should be strung up with piano wire. I say this as a capitalist my father, a deluded lefty, nods in agreement in the background as I record. I should record that the old lefty was a managerial fat cat this morning as I dug his garden as an exploited worker. Referencing BP in particular I explain who is failing us and why it cannot go on like this.
2987 days ago
Mr Cameron went to Brussels asking for little and came back with less. He is lying if he says otherwise and should be viewed with contempt. The reporting of this episode by the biased BBC and especially the loathsome Kayta Adler was a disgrace and reason enough not to pay your license fee. 80% of FTSE 100 bosses and the CBI said they would back Cameron even before he got his "deal". In this podcast I explain why these suits do not speak for British business and why all folks on the left or right or those who believe in liberty, freedom & truth should tell Cameron where to stick it and vote for Brexit.
3042 days ago
Tomorrow I shall be in New York with my daughter and her uber-mad lefty godparents. Yesterday I spent the day with my wife's family including her barking mad (Greek) brother in law. He has numerous good qualities and is very likeable but a couple of major blind spots. I managed to control myself as he claimed that the evil Jews were behind 9/11 and controlled global banking. Then he moved onto capitalism. He has it wrong but so does the stockmarket from the FTSE 100 down to the AIM casino. In 2016 chickens will come home to roost for both.
3151 days ago
Malcolm Stacey arrived in Islington last night in his pursuit of Comrade Jeremy Corbyn’s famous Money Tree. He felt that he was close to his quest. But did he get to meet the great bearded one?
As you know Getafix Stacey is worried. His potions based on cuttings from the money tree do not seem to be working. Why are shares in Advanced Oncotherapy not at 50p despite being featured here twice a week? Why is the FTSE 100 not at 8,000 as predicted? Perhaps the Money Tree he has been using in the depths of the Welsh forest is a fake or has lost its powers. But another old fool (sorry we meant respected druid) has emerged in North London.
As he wandered up Upper Street in Islington, wading through the litter of discarded granola bar wrappings, Malcolm sensed that the London of his youth had changed. This un-nerved him slightly but he took consolation from the fact that he was just minutes away from the last rally of Comrade Corbyn’s campaign.
Gone were the ramshackle shops of old. Next to the stern sign from the local council “anyone caught smoking cigarettes will be shot with
3152 days ago
Getafix is worried. His potions based on cuttings from the money tree do not seem to be working. Why are shares in Advanced Oncotherapy not at 50p despite being featured here twice a week? Why is the FTSE 100 not at 8,000 as predicted? Perhaps the Money Tree he has been using in the depths of the Welsh forest is a fake or has lost its powers. Fear not…for another old fool (sorry we meant respected druid) has emerged in North London
Comrade Jeremy Corbyn is a true believer in the Money Tree. And so Malcolm Stacey has headed off to find this new mystic. The trouble is that Corbyn is elusive, rushing round the country speaking to massed crowds. Can Malcolm find him and will Corbyn reveal where he cuts twigs from his Money Tree… watch this space, Getafix is in hot pursuit.
3240 days ago
In this podcast I discuss why I welcome a market correction which I regard as inevitable. I explain why I view it as inevitable - following on from themes in this Saturday show - but say why I welcome it. I look forward to the day because a) as a long term investor it will allow me to buy great stocks at bargain prices - and yes I am looking at FTSE 100 stocks - and b) because it will force a belated clean out of the Augean stable that is the UK stockmarket today. I look back to 2003 for some inspiration.
3325 days ago
Malcolm Stacey reckons today that I should apologise as the FTSE 100 breaks 7,000. I make no such apology. Some shares have gone up but a headline index can mislead and the reasons for the rally are not sustainable for reasons I explain here. Malcolm is wrong about how current PEs are justifiable and wrong not to be advising folks to bank gains. I look back to 2003 and to 1999 and look forward to 2016 and explain why Comrade Stacey is rash and unwise. A 1916 Wisden is a far better bet.
If you enjoy this sort of thing you will love UK Investor Show. With fewer than 200 of 2,000 seats left for April 18th book your place now HERE
3421 days ago
I wish no offence to those who believe in Santa (rallies) such as comrade Stacey not to those young whippersnappers such as Mark Howitt who see every sell off as a buying opportunity. But I have been warning for months that UK Equities were simply overvalued and that remains the case. Their advice to buy on the dips and not on the dips has been flawed. I am vindicated and I shall be more vindicated and so today I explain why shares (FTSE 100 down to AIM) are not for buying just yet.
3437 days ago
Hmmmm. Lots of low grade Aim stocks are flying, the FTSE 100 is nearly at all-time highs, there is a lot of rubbish being spouted about a Santa Rally coming early and I am stuck in Greece preparing to start the olive harvest tomorrow when I should be punting rubbish on AIM making a killing. Right? Wrong.
Clearly sentiment among investors has changed. Fear has been booted out of the building and greed has waddled back in. But is the world really a different place to where it was six weeks ago when Fear was ruling the roost? For me all the Black Swan potential events floated by market commentators as shares tumbled in October were peripheral issues. Sure Ebola could have caused problems if it broke out in Balham or Brooklyn. But that was not my real gripe with the bulls. I still think that one wild card – an ISIL atrocity in NY or London - could spook investors badly.
But my fundamental concern
3448 days ago
Once again we were inundated with entries for the Quindell Bulletin Board Moron/twitter moron of the week contest. I was almost tempted to give a retrospective prize to this comment from March from a Mr R Terry of Hants “The only question is whether Quindell goes in the FTSE 100 or the FTSE 250, a main market listing is just a tick box exercise.” Rob that was a stormer but this week’s entries were even better – you can see all of the madness HERE And so to the winner.
3475 days ago
The FTSE 100 is not plunging. But it will be coming off and some individual company share moves tell you an awful lot about the state of the stockmarket and I am not only talking about Quenron (QPP) which of course gets a good mention in today’s podcast.
3498 days ago
I see that various Bulletin Board Morons accuse me of threatening 4,000 jobs at Quindell (QPP). Just for them, I offer a basic lesson in markets and economics.
For starters Quindell will not go tits up or prosper and join the FTSE 100 (ho, ho, ho) because of what I or anyone else writes. In the long run if it generates the cash that its lackey retained analysts at Cenkos and Canaccord predict it will prosper. Of course it will not and that is why it is doomed. Ultimately it is not about press comment but about cash generation or, in Quenron’s case, lack of it.
I do not wish unemployment on anyone and the vast majority of jobs will in Quindell’s case not be lost. If the Holding company – that is Quenron PLC – goes bust then head office staff in finance, the board, HR , etc. will lose their jobs. You are talking dozens of folk here. The administrator will then attempt to sell the individual business units. There are c 54 subsidiaries.
Now
3545 days ago
What is it about the intolerance of the liberal left/Islamofascist alliance when it comes to free speech? I do not deny anyone the right to say that they support Hamas and why, that is their call. They are on the side of terror, of homophobes of folks whose desire is genocide but they have the right to be heard. And that is pretty much the view of all Israel supporters we believe in a free world where folks can say or do what they wish.
In Israel one can dissent, one can speak out against the Government, one can pursue a career if female and you can sleep with whom you want. In Gaza life is very different and it is shameful that in the UK supporters of the organisation whose charter commits itself to wiping Israel off the map appear to be adopting a similar attitude to free speech.
My pal, Mr Frog (not his real name) works for a FTSE 100 listed marketing and communications group. He is a vocal supporter of Israel and of her right to defend herself. He does not celebrate the death of any innocent in his tweets or Facebook pages but he is clearly partial. And this has come to the attention of certain Islamofascists in the UK who have now swamped his employer with emails accusing Mr Fish of “racism” and “supporting child killing.”
This is clearly bogus but such is the fear
3548 days ago
A month ago myself, Evil Knievil, Lucian Miers and Matt Earl (the Dark Destroyer) agreed on a sort of joint top ten UK stocks to short for the summer. Since then the FTSE 100 has fallen by 8%. As you can see below our average fall is 10.51% so we are doing okay so far. Only two of the ten are up.
3687 days ago
It is time for shocking revelations of shameful personal habits. Earlier today my colleague Malcolm Stacey came out as a reader of the turgid rag for crackpot deluded lefty social workers, teachers and other Money Tree believers – that is to say The Independent on Sunday. Malcolm then argued that he won’t invest in a company with an all-male board. Utter cobblers.
The Money Tree worshipping liberal left like to argue that the fact that 20% of FTSE 100 directors are birds is down to affirmative action campaigning and that if we had legally binding quotas then the birds would get a fair quota on PLC boards (50% I assume) and companies would be better run as a result. This is all so much shite.
The increase in female boardroom representation over the past two decades matches the increase in the number of female partners in City law firms, partners in big City accountants, etc. If anything we wicked capitalists have outperformed liberal bastions with all their affirmative action programmes in this respect. That is because we wicked capitalists care about the bottom line and thus promote on merit. If a woman is the best person for the job, will make more money for the firm than the man she gets the post.
Why are there not more women on PLC boards? Simple. Demographics, PLC boards
3970 days ago
It was one of those days when the “white pages” of the newspapers led with a City story: the shock departure of Stephen Hester as CEO of RBS. Shares fell by 4% in early trading on the back of the news. From there, the story moved from the financial arena to the political one. Labour said that Chancellor George Osborne had cost taxpayers billions by pushing Hester out. Osborne said that Labour had cost the taxpayer even more billions by overpaying when it bailed RBS out in 2008. It was all usual schoolboy knockabout stuff.
But does it really matter who is at the helm of giant FTSE 100 companies? Clearly it can if the captain of the ship is someone like Hester’s predecessor Fred “the Shred” Goodwin. Fred drove a (with hindsight) reckless acquisition spree and created a culture where RBS simply took on too much risk. But RBS was unusual among FTSE 100 companies
