The room next to where I sit right now is not part of the original house. It was added on in the 18th century and together with the room above was once, I believe, the servants accomodation. For the past sixty years – or more – it has been termed the annexe and treated as a seperate property, boarded apart from the main house. That boarding was removed and so the annexe has been reunited with the main house. It is where my mother in law may one day reside. With that in mind I am cracking on with its restoration and what I have discovered in the past 24 hours is shocking.Saturday 15 June 2019
I was unable to take photos from exactly the same spot as yesterday to show you how much the river Dee has risen as that would have left me in a couple of foot of water. But it has risen and will continue to rise as the rain from Bala makes its way down and because it is still raining. Joshua and I went to inspect it this morning and he is terribly excited and convinced that there are snakes in “his lake”. If that keeps him away so much the better. The far bank of the river, the English side, has now all but disappeared and so the “lake” streches almost without interruption, for hundreds of yards. Here in Wales…
Sorry for the late bearcast, I enjoyed a long chat with Reuters (see Roger Lawson not all the deadwood press hates me!) on when Neil Woodford’s Income Focus Fund will be gated. It is a when not an if and I discuss what is going on under the surface. Then it is on to Pendragon (PDG) and BCA MarketPlace (BCA) which is more of a BIG SHORT - than ever. I look at Big Sofa (BST), Amphion (AMP) which looks like a zero and finally, in some detail, UK Oil & Gas (UKOG). Now back to the rising water levels at the Welsh Hovel.
I suppose Neil Woodford does not care about executive greed at Allied Minds (ALM), people in glass houses, etc, etc. But it seems as if Richard Bernstein of Crystal Amber is not quite such a happy camper and is particularly pissed that the fat cats refuse to discuss it with him. He has now taken to twitter to express his ire as you can see below.
More positive news from OptiBiotix Health (OPTI)?… The company has announced an exclusive license agreement for the commercialisation of, currently fully-owned subsidiary, ProBiotix’s cholesterol management products CholBiome and CholBiomex3 in Vietnam…
The River Dee is the boundary between England and Wales. Our new home is on the Welsh side. The river flows past an orchard which is behind the farm courtyard so about 15 yards from our house and then winds its way along two fields/ water meadows attached to the hovel for about half a mile. Normally the orchard is about six foot above the river. But it has been raining solidly for two days and upstream water has been released to stop lakes overflowing. And so I woke up this morning to the views below.
Disgraced fund manager Neil Woodford has sent an email to IFA’s begging them to not only stay with him but to send a templated email to their clients urging them to do the same. The Woodford email is below and, sadly, scores low on the veracity front.
I start with a discussion of the gender pay gap in football and why it is so much hogwash. Then I look at Neil Woodford and the useless FCA. Then I cover two stocks I own, Fox Marble (FOX) and Venn Life (VENN), and two which I don’t Ted Baker (TED) and then a long term target of mine MPorium (MPM), a tale of AIM woe.
A most recent “Corporate Update re. Dewynters Germany” announcement from Reach4Entertainment (R4E) is actually that “Dewynters Germany will close”…
In a private email to key clients a top broker has today suggested that, £600 million capitalised (at 460p), On The Beach (OTB) will have served up THREE profits warnings by early 2021 and that the shares are worth 300p, tops. I have obtained that email which is below:
As you may recall, the 30th firm of lawyers to act for Julie “Lingerie on Expenses” Meyer, the ;previous 29 having gone unpaid, is trying to stop me writing about her by sending me a fascist lawyers letter. But I am afraid that before I respond to that, I have breaking news which is very much in the public interest to reveal. For Julie the news is in part good and in part terrible.