PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH
I have not decided, or rather the Mrs has not decided, whether to install a wood burning stove or two in a couple of the 17th century fireplaces at the Welsh Hovel. We may just go with an open hearth. And we will not be troubled by new batshit crazy plans from the Tories to ban the sale of domestic coal and most logs. We have enough of our own wood in our fields and in the old barns and sheds to last not just ourselves but also our neighbours, for a lifetime. However, we are unusual and lucky.
Sunday 23 February 2020
In today’s bearcast I discuss how little shorting actually takes place on the AIM Casino, I look at Eurasia (EUA) where the slience is deafening, Versarien (VRS) and at Hammerson (HMSO) where Andrew Monk should thank me for warning him off but should NOT be tempted to bottom fish after the dividend is cut this week. And 8% yield, post cut, is still illusory. Finally, I again ask you to sponsor the , now 5, Rogue Bloggers for Woodlarks HERE
I start with the great global warming nutter who is here today. I then deal with another of that ilk, Malcolm Stacey, and his worries about owning oil shares. I coment on how central bankers might respond to Coronavirus but ask if it will work. I look at Angling Direct (ANG) and Sirius Minerals (SXX).
In his annual letter to shareholders in Berkshire Hathaway, Warren Buffett takes a side swipe at investors who ignore value and just hope for an earnings beat and has a read dig at the boardroom greed of NEDs which he argues comprimises independence. Then, as he notes the clamour for more female directors he suggests that what matters is having folks who understand business and are capable. Enjoy.
In these volatile times shares can move wildly in both directions for all sorts of reasons. And after any sharp movement the regulators will put a call into the company, or on AIM to its Nomad, after if, perhaps there is something that it might wish to release via RNS.
“The latest published Net Asset Value was £130m, or 360.9p per share, as at 31 July 2019, which represented a 3% increase, or a 4.3% increase including the dividend paid in July 2019, for the six months ended on that date. From its inception in 1990 until 31 July 2019 the group has maintained an average annual compound increase in NAV of 11.7%. The group is expected to report a positive performance for the financial year ended 31 January 2020.” What price for this track-record, current performance and ‘focussed on taking actions to reduce discount to net asset value’?… Presently, a 268p offer price and thus…
I have not decided, or rather the Mrs has not decided, whether to install a wood burning stove or two in a couple of the 17th century fireplaces at the Welsh Hovel. We may just go with an open hearth. And we will not be troubled by new batshit crazy plans from the Tories to ban the sale of domestic coal and most logs. We have enough of our own wood in our fields and in the old barns and sheds to last not just ourselves but also our neighbours, for a lifetime. However, we are unusual and lucky.
I start with a bit about the US election this November, the Trump economic and stockmarket bubble and when it will burst. It is a when not an if and in that vein I review stocks that could be utterly cratered when the mood music changes including Petra Diamonds (PDL), De La Rue (DLAR), Versarien (VRS) and other jam tomorrow overvalued jokes and NMC Health (NMC). And I suggesy how you start to prepare for the bubble bursting.
Reach4Entertainment (R4E) has updated we loyal shareholders with an opening ‘Highlight’; “Group expects to report full year adjusted EBITDA and revenue significantly ahead of market expectations”
I fear that many readers will be too young and will not remember the Streets of San Francisco with Michael Douglas and Karl Malden. Please look it up on google, it was fabulous. But my reference is not to an era when cops could beat a confession out of a suspect rather than spend their working lives undergoing diversity training, but to one of my tips of the year, Big Sofa (BST).
On a daily basis, shareholders in Versarien (VRS) continue to make the most defamatory of allegations against myself and other critics. ADVFN (AFN) occasionally removes a post but seems reluctant to ban these halfwits defaming in defence of a fraud, so they just reoffend.
