881 days ago
Once again, if I have ever given the impression that David Lenigas is a penny share spiv happy to tell total porkies to promote worthless investments such as UK Oil & Gas (UKOG) I must apologise. And I mean that most sincerely. For this morning the great number cruncher has produced, on twitter, more in-depth and compelling research with conservative share price targets on a stock where I happen to be long, not that this influences me in any way. The great man reckons shares in this gem might gain 66% within weeks. Who am I to argue?
1040 days ago
The Bulletin Board Morons have worked themselves into a complete frenzy over Tern (TERN). At Friday’s closing mid-price of 24.75 pence per share, Tern is valued at £82 million versus Tern’s net assets as at 31 December 2020 of £24 million. In simple terms, Tern is valued at 3.4 times net assets. Tern’s net assets at that date basically comprised investments which are already recorded at fair value of £21.9 million and cash of £2.1 million.
1510 days ago
I have two guests in this week’s show which is sponsored by Open Orphan PLC (ORPH) .I also discuss Coronavirus and the markets an d my own experiences as a (failed) whistleblower. My first guest is Petrick Abbott, formerly head of Versarien’s US operations who sets the record straight on why he left and spills the beans on what is really happening, or not, at his old employer. Then I chat to Lucian Miers about the markets, his top 3 US shorts, Apple, NMC Health (NMC), De La Rue (DLAR), IQE (IQE), Tullow (TLW), Telit (TCM) and Versarien (VRS). I am walking 34 miles for Woodlarks with Lucian and others this June 13 and I ask you to sponsor we rogue bloggers HERE. If you like this podcast and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast and enjoy our cracking writen exposes and analysis every day HERE.
2382 days ago
Some posts on our comments section are so interesting that they merit a wider audience. Overnight Paul Scott, Britain;s top share blogger, served up a really interesting one on ASOS (ASC), prompted by Malcolm Stacey's recent (bearish) article here. This is really very interesting analysis. The great Scott writes:
2613 days ago
I felt the need for a mid afternoon nap after a draining twitter exchange with Britain's top share blogger Paul Scott in which he lambasted me for what he thought I said about his calls on TrakM8 (TRAK) in an article he admitted that he had not actually read. Suffice to say he was barking up the wrong tree. I set the record straight and look again at TrakM8 and why Paul would be wrong to buy back in on the day my original analysis was 100% vindicated - as you can see HERE. I look at Blenheim Natural Resources (BNR) and issue dire warnings. I wonder what is up at Cloudbuy (CBUY). I refer to my postcard on my own website which has just gone up. When is a foreigner not a foreigner and the silliest Guardian reading remoaning bitch in Britain HERE
2696 days ago
My analysis of interim results from AIM dog Servision (SEV) which came out in September was that it was not generating cash and that its balance sheet was a trainwreck. I summarise of course but you can see the full analysis here.
2790 days ago
In this podcast I refer to an article I penned today on the greedy bastards that are the junior doctors HERE. My central theme is various ways that Warren Buffett would define companies as "bad" and in that vein I look at CMC Markets (CMC), TrakM8 (TRAK) and in some detail the uber ramped dog with fleas that is Starcom (STAR) which I covered a month ago -gosh my analysis is good (as you can see here).
2982 days ago
The interims for the 6 months to December 31 2015 from Slater & Gordon are a car crash. A$1.2 billion was spent on buying the Quindell (QPP) fraud, now the madness of that is laid bare. Slater's board should be strung up with piano wire. The shares are heading to zero or near as damn it. This podcast contains a full results analysis.
3090 days ago
A short podcast on UK Oil & Gas (UKOG). Are the shares a buy or a sell at 0.95p. At a fundamental, technical and trading level they are a sell as I explain.
3142 days ago
There will be two podcasts today. Later on it is companies. But I start with my analysis of the Greek Election result and what it means and also a look at the creeping growth of PR and what it means - heck you are paying for this burgeoning community of parasites.
3178 days ago
I am grateful to a keen Quindellologist hailing from the Grim Northern post-industrial welfare safaris for this detailed re-analysis of the Quindell (QPP) restated 2014 results. It demonstrates the extent of the accounting fraud by Rob Terry and why he is heading to jail. It also shows how much trouble the saps at Slater & Gordon (SGH) are in and why its shares will continue to tank.
