274 days ago
“Resigned” from his last job at WPP after a scandal involving claims about expenses and a £300 hooker, Sir Martin Sorrell is still the BBC’s go to man as a great and the good fellow to opine on matters such as Brexit (bad), global warming (man made) and being a business visionary. Shares in his latest venture S4 Capital (SFOR) were 800p 22 months ago. They are now 116p after yet another dire profits warning. I wonder of the visionary foresaw that?
638 days ago
Sacked from his last job as the boss of WPP (WPP) for allegedly visiting a £300 an hour West End brothel and sticking the tab on expenses, Sor Martin Sorrell’s new venture S4Capital (SFOR) has been doing very well until today’s shock profits warning. But it is the nature of the admission that really horrifies me.
2145 days ago
I start by praising Ed Croft who despite all that I have said about him has donated £30 to my charity walk for Woodlarks. To those 90% of you listening who I have not insulted at all surely you can spare a tenner. We have now raised £6,263.16 (before gift aid), surely you can donate £10 HERE. Then I look at Martin Sorrell (ex WPP) and the hookers on expenses, Lord Browne of BP and the rent boy on expenses and natch I mention someone who put a sex toy and batteries and lots of lingerie on her expenses. Their crime is nothing to do with sex it is theft and I discuss that. Then it is onto Connect (CNCT) where I ponder its banking covenants and to Haydale Graphene (HAYD) where I wonder if the cash position is enough. Finally I explain to another J Meyer ( this time John not Julie, no relation) of SP Angel why the MySquar (MYSQ) fraud is HIS responsibility and what he needs to do ASAP
2164 days ago
In today's bearcast I start by putting our own in house Bulletin Board loon Wildes in his place over what I write. If you donlt like the Folli Follie and Julie Meyer material ( it will be sub 2.5% of our output this year) feel free to piss off mate. Then I look at the latest bust up at WPP (WPP) which should just come clean over why Sir Martin Sorrell walked the plank. Finally I take apart the latest comments made by the whore blogger Malcolm Graham Wood on POS AIM ramp Frontera Resources (FRR). Wildes is not the only one NOT to have sponsored myself and Brokerman Dan for our 30 mile Woodlarks walk. If you enjoy bearcast I am sure you can spare a tenner so donate HERE - to those who have donated I say thank you.
2204 days ago
And so a drama played out by teams of lawyers and teams of spinners leaking material to the Sunday Papers is over. Sir Martin Sorrell has quit with immediate effect as CEO of media giant WPP (WPP) but we are none the wiser as to what exactly happened. The formal statement today - leaked so it could be spun to the Sundays, natch, begs real questions.
2205 days ago
Ok this is embarassing but I will admit on tape what we were up to. It is our guilty pleasure and involves Deacon, Scarlett, Gunner, Avery and Will Lexington. Then I look at WPP (WPP) and the deeply unsatisfactory and unfair way Sir Martin Sorrell has "resigned" - this smells all wrong. Finally I look at why Advanced Oncotherapy (AVO) and Frontera (FRR) are not answering or evading questions - it is because they are both bad companies. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH.
2212 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.
3638 days ago
Fleet Street still has not touched this story because it is too busy sucking PR cock to cover the stench emanating from the City’s largest financial PR firm. We can revealed exclusively that Buchanan Communications has admitted that a staff member did wage a dirty tricks campaign against Range Resources shareholders campaigning to change the way Range is run.
We broke news of this dirty tricks campaign last Friday HERE
Buchanan represents more AIM listed firms than any other PR agency and is owned by Sir Martin Sorrell’s WPP Group (WPP). Journalists on the nationals want PR firms to spoon feed them stories or cushy well paid jobs in PR when they fancy a move to the dark side so NO national paper dared touch this story.
Buchanan has now confirmed that its chairman Richard Oldworth has written to the dissenting Range shareholders apologising