For almost a decade the Western media and our political leaders have told us all that Syria is simple. ISIS are the really bad guys but Preseident Assad is almost as wicked. We have been spoon fed tales of the bad things he has done even if the evidence of some of his “chemical attacks” was very dubious indeed. We have backed the heroic Kurds (clearly good guys and gals) and also those termed “The Moderates” by David Cameron, the Free Syrian Army, the FSA.Monday 14 October 2019
In light of today’s news and the 100% vindication of our 1000 + articles and podcasts since 2015, do your worst. Entries by midnight tonight in the comments section below…
Soon to be ex-fund manager, Neil Woodford has not taken the decision to wind up his flagship Equity Income Fund and fire him at all well, as you can see below. But he is disgraced, will soon lose his other mandates and will almost certainly now face a full FCA enquiry. None the less some of his followers have not lost faith. Some folks are just so daft…
The IPO of Rutherford International (RUTH), formerly Proton Partners, only happened because Neil Woodford was prepared to commit £100 million of other folks cash to it on a ludicrous valuation. That move increased the management fees he banked materially but will cost his investors a packet as I explained, again, in bearcast earlier. But now Rutherford is utterly fecked by Woodford’s firing by EIF and needs to issue an RNS asap.
How I remember being singled out by name by Neil Woodford at the Woodford Patient Capital Trust (WPCT) AGM as a purveyor of fake news on May 16 this year. Neil was adamant: he was doing brilliantly I was making thisngs up. Today he was fired by his flagship fund and his City career is in its final weeks and will end in disgrace. Investors who ignored four years of warnings on this site will have lost billions. I reflect on all of this, where it leaves various parties including Neil’s other vehicles, disgraced Hargreaves Landsdowne (HL.) and other disgraced promoters. I also comment on another vindication, the mercy takeover of Brady (BRY) at just 10p after I forced it to fess up to its finacial woes, with the shares at 26p just three weeks ago.
Neil Woodford, Britain’s best known fund manager, has today been fired by his flagship Equity Income Fund which is to be wound down. Some in the corrupt deadwood press, like the Mail on Sunday, were still praising Woodford up to the date before EIF was gated in June. Others have turned bearish over the past few months having previously drunk the cool aid. But we first warned about Woodfoird in 2015 and 1000 articles and podcasts later, we were clearlty first and our journalism has been utterly vindicated as you can see HERE. Site Editor Tom Winnifrith gave a keynote address at UK Investor 2018, in April of that year, predicting exactly what would happen and highlighting numerous red flags. You can see that video below
Neil Woodford has been fired from his flagship Equity Income Fund today, vindicating our more than 1000 articles and podcasts exposing him since 2015, but his problems do not end there. I recently commissioned a resting fund manager to produce a detailed bottom up analysis of Neil Woodford’s Patient Capital Trust (WPCT). That report from a man known as “The Badger” landed with me last night and is shocking in its conclusion: the Trust is essentially worthless. The Badger writes:
Link, the ACD, to Neil Woodford’s flagship Equity Income Fund has, after liaising with the FCA, announced that the fund will not be un-gated, allowing investors to redeem units in December, but will instead be wound down. And Neil Woodford’s Woodford Investment Management has been fired with immediate effect. That is the death knell for it. Our extensive warnings, in more than 1000 podcasts and articles since 2015, HERE are now utterly vindicated, Neil is finished.
Align bust up is funny but the spooof newspaper articles Gary Newman alerts us to below about Premier African (PREM) are hilarious. But some folks believe them and the shares up up 71%. Bonkers. Elsewhere I look at fund outflow at Miton Group (MGR) and what that all means and at the most overvalued ramps on AIM: Versarien (VRS) and Bidstack (BIDS) where Cynical Bear thinks there is no need for it to warn that it will miss broker forecasts by a mile even though he accepts it will. Strange man.
I have already written to AIM Regulation and the FCA about Bidstack PLC (BIDS) about the way its CEO James Draper materially misled investors in a podcast with Justin the Clown on August 8 2019 with regard to half calendar year results. I trust that action will be taken. But I now have cause to write again on the matter of the full year lack of profits warning the company should be issuing and is not. The letter follows.
Ref Bidstack PLC and a profits warning it is failing to issue
To AIM Regulation:
cc Mark Brady, Nomad at Spark
This is insanity writ large. Richard Poulden of PCG Entertainment (PCGE) will always be my friend but I simply cannot defend a statement today which is, at almost every, level bonkers.