1898 days ago
Companies often describe deals as “transformational” without any real justification. Yesterday’s deal by Yourgene (YGEN) really is a game changer and is fantastic news for we loyal shareholders.
2766 days ago
After a long City career Jason Streets has just joined paid for researcher Hardman and in a quite superb piece has spilled the beans on the collapse of traditional research and why the broker notes that are produced are just worthless pieces of marketing junk.Mr Streets does us all a service in laying out the hard facts which explains the death throes of broker research and its total lack of crredibility. Over to the man with the inside track.
3448 days ago
Some folks think that I was wrong to call Louise Cooper an investment prostitute. I make no apologies. The silly cow painted herself as whiter than white, a Mother Theresa. The FACT is that she was more Princess Diana. She works for a company that takes cash from companies to interview them, then gives soft interviews without declaring the payments. That is investment prostitution and is WRONG. However...
There is no problem in companies taking cash to record soft interviews (tipsTV, Proactive) or to put out research (Edison, GECR, Hardman). If it helps investors to understand what the company does or to get some idea on forecasts that is great. I applaud it. But this is not analysis as Princess Diana claims this is PR, this is a financial promotion.
3647 days ago
Writing negative pieces about companies does not win you friends. In the past year I have enjoyed as a result: lawyers letters from companies, being sued for libel, shit posted to me in the post, death threats, stalking (yesterday), numerous complaints about me to the FCA, defamatory comments about me and my restaurant on the internet and now attempts to get ADVFN to stop me writing. Bollocks! What I do is right and in the interests of shareholders. I am not stopping. Nor will this website.
What you must first understand is the vast amounts of money that quoted companies spend on persuading investors to buy their shares. Commissioned research from Edison, Hardman, etc. is not cheap. PR firms charge up to £10,000 a month to plant positive spin in the press. Roadshows and presentations at Proactive and Oilbarrel or the recording of soft promo videos are not cheap. My guess is that between them QPP, Iofina, Globo and blinkx will have spent c£1.5 million of shareholders funds last year on trying to persuade folks to buy the shares.
Most commentators and brokers write overwhelmingly buy notes.
4021 days ago
Commissioned researcher Hardman is paid by companies to publish “independent research” on them. Oddly its research reports on its paying clients rarely come to the conclusion that the client company is overvalued.
Even if that client is Sefton Resources (SER). But at least you expect “research” to report the facts accurately, otherwise it just becomes PR and has no value whatsoever. And so I refer to notes published on March 6th and early April by Hardman. And to the note that Hardman should have published but has not.
The March 6th note bangs on about how output in California in February rose from 111 bopd in January to 123 bopd. Even Sefton only claimed 118 bopd in its release of March 5th
