Rivington Street Holdings

2401 days ago

Master Investor accounts out..oh dear, oh dear, another £500,000 spunked, by Jim Mellon!

It is a good job that my old friend Jim Mellon is so rich because it appears that the assets he stripped out of my old company Rivington Street Holdings, that is to say t1ps and the Master Investor Show, seem to be burning £10,000 of his cash every week. Poor Jim. The accounts for 2016 have just been published and are even worse than 2015. One wonders how long will this very poorly attended show be kept going?

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3983 days ago

One Year Old – today: A look back

It was a year ago today that the first article appeared on this blog. Most blogs fold after a period of months but I am still here. And to celebrate a glass of bubbly for breakfast! The toast “to you dear readers for continuing to read this site”

A year ago my life looked unimaginably bleak. At a personal and health level it was a mess and I was days away from leaving Rivington Street and t1ps the company I founded.  To the victors the spoils and so it was repeatedly asserted that all t1ps’ problems were of my making and that new management was turning it around. Yes I have read the interim results released at 6PM on Friday. Hmmmm. You might say that but I could not possibly comment.

That however was a former life for me. My line in the sand was drawn in September.  By then I knew who my friends were. To folks such as Richard Poulden, Abbe Aronson, Darren Atwater, Steve Moore, Clem Chambers, Monisha Varadan, Chris Potts, Amanda Van Dyke, Lucian Miers, Chris Booker and Zak Mir I am forever in your debt. To you I say “cheers” – another toast.

I chatted yesterday to most of the above and life has changed pretty dramatically. At the Real Man restaurant we were losing £5,000 a month when I took it on officially in September. There is now just one of the staff at that time still working here and I have hired and fired aggressively and made a stack of other changes. Having just enjoyed our busiest Saturday in memory we are now happily making a profit, our customers like us and we serve far better food. That was achievement one. I guess that “new management line” is true sometimes. Miaow.

Achievement two was getting the UK Investor Show organised in just a few months and it went well. Now with my friends at ADVFN we are well on track to deliver an even better show on April 5 next year. And I now rather suspect we will be the only show featuring master investors happening next spring. Miaow.

But perhaps the biggest win has been in writing. It is what I do best (although I can knock out a fantastic Risotto con salsicce e funghi these days as well). The launch of the www.shareprophets.com site has exceeded expectations. After 50 days it has half as many registered users as we managed to attract in one year at UK-Analyst. More join every day. And gratifyingly more and more writers seem to want to join the team and write for us. Another two will debut this week.  Meanwhile other websites…no that is enough miaows.

But www.Tomwinnifrith.com is my real love. It started as therapy but being able to write exactly what I thought without some corporate hissy fit ensuing soon became an addictive drug. The fact that I use the odd naughty word or talk about birds does not appeal to everyone – notably Google and PR prude Kay Larsen of College Group – as you may remember here and here.

But it is me. I do use naughty words. I do find myself drifting into the vernacular of my favourite TV show (The Sweeney) now and again. And I do have strong views on Israel, welfare scroungers, the EU, global warming and civil liberties. Why hold back? I had been gagged for so long that the release was joyful and still is.

But there was also a release in that I ceased to by a City insider and became an outsider. As such there was no need to kiss arse – anyone and everyone was fair game. The past year has shown me that not only is it fun to constantly expose and poke fun and to say what you want but that I can earn a reasonable living doing that and looking after Real Man Pizza. There is no need to hold back. While I might have been tentaitive at first I am now in 5th gear and will not be slowing down or getting softer in my approach.

And so looking back I reflect on those who have brought inspiration and pleasure to me:

1. The visit to Butrint (photo article)
2. Damian Conboy of Alecto hooking up with the Playboy PR girl
3. Kay Larsen PR prude at College Hill
4. Sefton Resources & Jim Ellerton – thanks Jim you have made my year ( see you in court Bitchez)
5. Taking a contrary view on the Olympics
6. Vroula – the fascist Greek athlete and defending her right to free speech
7. The visit to the Berlin Jewish Museum
8. Standing by St Paul’s for Lady Thatcher’s funeral
9. The start of the AIM Cesspit campaign
10.Going on stage with Nigel Wray and Nick Leslau at UKInvestor show – feeling I was with friends.
11. Being complimented by the Goddess
12. The Guardian and deluded lefties everywhere
13. The Baker of Zitsa
14. Albania - National Leave your Gun at home day
15. Financial PR firms & the AIM Cesspit - another fight picked

I am sure that I have missed out a few highlights.

At a personal level, many of you met my partner at UK Investor Show. She may be an utterly deluded lefty. No okay she is an utterly deluded lefty but she has been a rock at all times. She even now knows who Joe Cole is and that Mark Noble’s veins are claret and blue. What more could a man ask for?

Thank you all for reading this website over the past year. Year two starts on Monday. What will it bring?

Best wishes

 

Tom Winnifrith

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4217 days ago

Rivington Street, language, language

Belatedly Rivington Street (PLUS: RIVP) admits that it cocked up on Tuesday’s announcement when it claimed that I no longer had a shareholding in the company. But it does so in a grudging manner with language that sucks, implying that perhaps I do not disclose things fully.

Grudgingly, in a statement headlined “Holding in Company” it states:

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4218 days ago

Selling all my Rivington shares? Er....No

Rivington Street Holdings (RIVP) the company I used to run yesterday announced that I had sold all my RSH shares. Just to reassure you, this is not in fact the case. Indeed not. Methinks a correction should be issued tomorrow but in case Rivington takes a month to issue that correction ( see below) I thought I better put the record straight myself.

The statement issued reads:

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4246 days ago

Today I say goodbye to t1ps.com and ShareCrazy

I founded t1ps.com in my bedroom 12 years ago. And now we part company for good. This will be my last article on t1ps.com or ShareCrazy.

I have been writing here on an unpaid basis for a while in the belief that there would be a change of management. On Monday Rivington Street Holdings decided not to sell t1ps to a group of investors. Thus, since I am not a charity, this is my last piece. Henceforth, I shall have no involvement at all with any aspect of t1ps.com, its websites and its conferences. I wish everyone – Jim Mellon

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4328 days ago

New Contract with ADVFN – I am NOT t1ps.com’s Paul Ince

A personal note follows at the end. West Ham supporters will understand the reference to Paul Ince, a man who is – unfairly in my view – known by Lucian and his pals as Judas. I digress. I have today signed two contracts with the UK’s largest website ADVFN. This does not mean that my relationship with t1ps.com changes.

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