After a meal at what was Miranda’s (19.5 Euro for a salad and two meat dishes plus half a litre of rosé), we headed to Eleni’s Kourounis taverna for Joshua’s treat of some ice cream. It has become a daily treat and is one of the reasons he loves being in Greece. But he also loves watermelon and so to try and wean him off the ice cream we bought the smallest one on sale at Eleni’s which is, as you can see below, enormous.Thursday 6 August 2020
Shares in Verditek (VDTK) have been pumped up to 18p, capitalising it at £52 million, on the back of supposed order wins. But this company is a serial liar in that regard, its finances are shot so why does anyone buy into the nonsense.
My first article about the Greek Hovel 2020 is now up and there are a stack more to follow. In today’s podast, I look at Bluebird Merchant Ventures (BMV), Hammerson (HMSO), Versarien (VRS), and Purplebricks (PURP).
I speak as a shareholder and a supporter but this is quite literally insane. The company has appointed Alistair Ford, who works for paid for stock promoters Proactive, as a director. And this is where it gets bizarre. Ford has given an interview to the Sith Lord Zak Mir,
To put this in context, even morally bankrupt Nomad SP Angel, the Nomad of choice for fraudsters, does not think this news is financially significant and so has forced ramping Neill Ricketts to alert his moronic investors via an RNS reach not an RNS. Natch, folks who think it’s okay to murder journalists don’t care about facts so Versarien (VRS) shares are up 12% at 46p – an £8 million increase in market cap on news that even the Nomad thinks is financially irrelevant!
I will start writing up my Greek diary tomorrow when I feel a bit more rested after the travel. But in this podcast, I give you a taster of a few of my thoughts and of life here in Kambos where I shook a man’s hand for the first time in months yesterday. I also look at the latest Covid madness from bonkers Boris and at BP (BP.) and the question of its dividend. Of course it should be slashed and if it is, I’d expect the shares to bounce.
Analyst Andy Schectman of Miles Franklin makes a very compelling case for past market manipulation by large banks like JP Morgan. He sees a perfect storm coming soon – one where there will be no safe haven assets except precious metals. He argues that bonds no longer have real returns when you consider inflation and are guaranteed to lose money.
On 26 May 2020, Steve and I tipped SkinBiotherapeutics (SBTX) at a 17.75p offer and at up to 20p with a target price of 30p. News last week suggests that, notwithstanding this company wasting a few grand a month employing the biggest knobhead in Christendom to do its PR, we were more than a tad conservative and the shares now trade at 22p-23.5p and are still dirt cheap.
I start with how Boris is wrecking the UK economy. I truly despair. Then I discuss the daft comparison with the years that followed Spanish flu. I then move onto the growing banking crisis. Finally, I discuss the idea that industries will change 100% to avoid human contact. I explain why this is not the case with reference to an industry I know well, investor shows. The maths does not stack up and most humans, though not me natch, are social creatures. There is a lot of hot money betting on the world changing completely. It will not.
After a meal at what was Miranda’s (19.5 Euro for a salad and two meat dishes plus half a litre of rosé), we headed to Eleni’s Kourounis taverna for Joshua’s treat of some ice cream. It has become a daily treat and is one of the reasons he loves being in Greece. But he also loves watermelon and so to try and wean him off the ice cream we bought the smallest one on sale at Eleni’s which is, as you can see below, enormous.
Trader David Kranzler, of Investment Research Dynamics, argues that the dollar index doesn’t explain the recent move up in gold and particularly silver. While the dollar has room to move quite a bit lower, the world still has a solid need for dollars. The excessive money printing could put a lot of pressure on the dollar, and the recent move in gold could be due to investors anticipating such a drop.