My old father has been bed bound in a downstairs room for m any months now. In these days of Coronavirus he can only speak to his children, step children and gerandchildren on the phone. His only human contact is with a team of masked carers who give him food and drink and do an amazing job of keeping him cheerful. And thus his 82nd birthday this weekend cannot have been his best. However…Monday 6 April 2020
Oops… this is more than a bit embarrassing for Goldstone Resources (GRL), its boss Ms Emma Priestley, hapless Nomad Strand Hanson and indeed the wider AIM Casino, aka the world’s most successful growth market. Shares in Goldstone were suspended at 1.30 PM as it appears the company does not actually exist and has not done so for half a year.
I look at news that Tesco (TSCO) is upping its dividend while getting a massive tax break from the taxpayer. This is wrong at every level. The Times tries to defend it, no doubt on orders from a powerful corporate PR machine, but this is simply a transfer of wealth from the poor to the rich and should not be allowed. I look at Nostra Terra Oil & Gas (NTOG) following up on my earlier piece with more questions for the board and Nomad, Strand Hanson, and another shocking revelation abiout the behaviour of CEO Matt Lofgran. Finally a few words on Concepta (CPT), my share tip of the year where I have averaged down in today’s placing.
On April Fool’s day there was an upbeat statement from Nostra Terra (NTOG) promising all sorts of good things. What it neglected to mention was that trade creditors had risen to £230,000 as the cash burning enterprise had no cash and so imply could not afford to pay its bills. One of those owed cash (£60,000) was Nomad Strand Hanson, boy how it must have been hoping for a placing….
Easyjet (EZJ) founder and largest shareholder Sir Stelios Haji-Ioannou has hit out at the Easyjet board, terming them scoundrels, and slated Airbus as a bribe giving arms maufacturer in a stinging letter out this morning. As you can see below, he does not mince his words.
First an appeal on behalf of Darren, please can you assist him. Then I look at R4E (R4E), a Covid zero or a multibagger. Then compare the management at Restaurant Group (RTN) and then at Cineworld (CINE) where the greedy bastards are doing exactly what Liverpool FC did before there was a public outcry. Then a note on Bidstack (BIDS) and a look at 88 Energy (88E)
I mentioned yesterday that three weeks of beard had been removed. But, pro tem, the moustache stays on and with no-one to cut my hair it is very much back to the good old days of the 1970s.
Shares in utterly bankrupt and worthless Intu (INTU) are up by 10% today. It is one of those days when folks just assume the best in everything. The worst recession since the 1930s, sod all earnings visibility, looming mass unemployment? Who cares? Just Fill Yer Boots! In that vein, shares in Cineworld (CINE) are up by 44% at 57p despite a dismal Covid update telling us nothing we need to know at all. Other than that the board are greedy bastards and you & I are subsidising that greed!
Audioboom (BOOM) may have dispensed with the services of free speech denying, relative hiring, value destroyer Rob Proctor but his successor Stuart Last is equally obsessed with sales at any cost, regarding cash generation (or lack of it) as seemingly irrelevant. As it happens today’s Q1 trading statement may be the last where he boasts about growing sales…
Yes, after three weeks, I have shaved off a lockdown beard that was white, grey, black and brown and made me look like an elderly Big Issue seller. But having run out of foam i still have a dark moustache and so am now a throwback to the 1970s. The good old days. I discuss this and also the idea that we will see a dramatic post Coronavirus economic, stockmarket and oil price recovery. I look at Easyjet (EZJ), Angling Direct (ANG) – using it as a case study of how the economy really is snagged so badly – and at the scandal at Versarien (VRS) where lyin’ Neill Ricketts now stands totally exposed with regards to his share dumping a year ago. Surely the regulators must act now. I discuss how James Hay are m aking my life a misery with their incompetence lover my SIPP transfer. Finally an appeal from Darren please send your views of your new home desks and the views from your window to [email protected]
As I noted earlier, the RNS issued by Versarien (VRS) is a shambles and opens up all sorts of questions about share dumping by boss Lyin’ Neill Ricketts last April. I was set to contact AIM Regulation and the FCA about it but it seems that valiant Tim Kempster has beaten me to it. The Regulators really do need to act on this at once. Tim writes