1420 days ago
I have today, finally, got around to asking the FCA to investigate the covert work being done by unregulated Gavin Burnell of Globo and Beaufort infamy for bucket shop broker Novum. But maybe there is a reason why Novum has to swim in the gutter…it needs the cash so badly.
2208 days ago
Nearly all clients of Beaufort Securites, now in adminstration, will end up losing nothing but will not get their cash and shares back until September at the earliest. But for 700 of the largest customers the news is not so good. They have today been told that their FSCS compensation, which is capped at £50,000, will not be enough to offset the steep charges being levied against client accounts by greedy fat cat administrators.
2235 days ago
Beaufort clients will get their cash and shares back but it looks as if it may take a while. Special Administrators to the City broker, PWC, has just written to all customers and it looks as if this is an almighty mess. I suspect there are a few connected with Beaufort who will be sweating. PWC writes:
2245 days ago
So broker Beaufort is brown bread. But the fallout from its demise may only just be starting. Take a butchers at its last set of accounts (below) - note11 and, if you are an employee of Nomad Northland, start sweating...
2318 days ago
You know that I am bullish on Falanx (FLX) after its recent trading statement, I explained why and gave hard forecasts HERE. House broker Beaufort is p;aid to be bullish so take its words with a pimch of salt. However...
2369 days ago
Maybe the target is a but on the full side but this is the house broker Beaufort talking so it is clearly not impartial. Its mining analyst, Sheldon, is a sensible fellow and the nine page report on Ariana Resources (AAU) is comprehensive. Just to keep Nigel Somerville happy...
2370 days ago
Andalas Energy (ADL) has today announced the departure of its, once greatly hyped, chairman Paul Warwick. How will we live without his blog? It has also served up a set of accounts which show that it is without doubt completely and utterly insolvent. If, like its house broker Beaufort whose comment to clients today is a disgrace, you can't read a balance sheet, the notes to the accounts make that 101% clear to all.
2388 days ago
I have written a letter to Nomad SP Angel, broker Beaufort Securities and the oxymorons at AIM Regulation re shamed MySquar (MYSQ). Has it committed a massive breach of AIM Rules or Securities fraud or both and will anyone do anything about it. The letter follows:
2388 days ago
The first pressing issue with MySquar (MYSQ) is whether it has committed securities fraud or merely driven a coach and horses through AIM Rules or both. I hope that either SP Angel or Beaufort will force it to reveal July sales numbers to give us an answer. The next question is when does it run out of cash? Here is my best estimate.
2509 days ago
Shares in Concepta (CPT) trade at 11.875p mid this morning but are according to house broker Beaufort worth 22p. The house broker is biased but the note it has published is interesting for its - conservative - updated forecasts. If the broker is right then in just over six months time these shares will be trading on a 1 year out PE of less than 6 which is insane for a growth play. Judge for yourself. we own shed loads of these shares are will not be selling at anywhere near this price.
2612 days ago
The odour coming out of long term AIM cash guzzling hound Servision (SEV) grows stronger by the day. I sense that this is going to blow up badly and when it does you do not want to be owning the shares. There is something very odd going on. Today's intervention sees house broker Beaufort pushing the stock as a speculative buy. The shares have fallen by 8% and we will come to the, er.... not very good, note later.
2617 days ago
If you had raised £10 million for the AIM dog Advanced Oncotherapy (AVO) less than 5 months ago at 100p then your stance on the stock - at 54p-58p- would be some sort of buy. Oh no. broker Beaufort who did indeed raise that cash has today downgraded its stance to, what may be termed a corporate "hold" (i.e. sell) and makes it clear that the shares will fall allowing lower entry points. I should cocoa. Beaufort today opines after the Bracknor death spiral announcement of Friday - the underlines are mine:
2619 days ago
Beaufort is house broker to Armadale Capital (ACP) but its mining analyst Sheldon is a good stick and I am prepared to believe some of what he writes. That is me being generous. I don't want poor Sheldon bursting into tears like foxy brokerette Alice Lane who has, I gather, been again upset by what I wrote here. There really is no pleasing some folks. Anyhow Sheldon reckons the shares will go from 2.5p to 4.4p.
2637 days ago
Advanced Oncotherapy (AVO) has finally fessed up to the truth of its bust up with Sinophi and is paying the Chinese $250,000 to settle - even last week house broker Beaufort was, with an Advanced steer, suggesting the Chinese would be paying Oncotherapy several million quid. Lets remind ourselves of a timetable of lies, deception and non disclosure.
2688 days ago
It is now 11 days since I published details of leaked emails which showed that AIM scumbag Advanced Oncotherapy had withheld awful trading news from investors as the company launched an open offer. That is clearly securities fraud. Almost as bad, the emails showed that the timelines the company had held out to both customers in China and investors in London for product delivery were just fantasy. And that is why customers walked. Heads should have rolled. Hapless Nomad Stockdale should have forced a statement. And having told its house broker (Beaufort) that a much needed refinancing would happen by the year end, we need an update on that too. Instead...
2773 days ago
I reflect on how we gym users suffer and on how dealing with Barclays Bank as a customer has made me so angry today. I hate the banksters and make a few unkind comments about the Isle of Man. Then it is onto Feedback (FDBK) and a detailed look at Cyan (CYN) and an awful broker note you can read HERE from Beaufort which I tear apart. I really despair at how bent AIM has become. What is the point of being honest anymore?
3182 days ago
Earlier today we demonstrated quite clearly (HERE) why Camkids (CAMK) has committed accounting fraud and why the statement of yesterday just does not add up. We have been saying that this company is a fraud for months and months and that is now clear to all. The local auditors of Camkids and the now delisted fraud Naibu acted for two other AIM stocks, one of which is Jiasen (JSI). It is also a fraud and we call for an immediate suspension of its shares as well.
We demonstrated clearly that there are numerous Red Flags for Jiasen HERE
This is a company that – like Naibu and Camkids – claimed to be drowning in cash yet mysteriously also borrows money at punitive rates. We have no faith whatsoever that accounts signed off by Crowe Horwath following the abject failures to report contingent liabilities or bank debt at Camkids and Naibu respectively. We are far from convinced that the stated cash position at either firm – as signed off by Crowe Horwarth – was in fact true.
In light of this
