63 days ago
I am being berated by a raft of X poltroons today about Hamak Strategy (HAMA), folks who are not inside a paywall but still insist that I have got it all wrong on the basis of a company presentation last week in which it insisted that it had 12 months cash. Companies can say what they want balance
sheets do not lie.
122 days ago
Yesterday morning I pointed out that the valuation of Hamak Gold (HAMA) was bitcoin in treasury bonkers and that the 7 AM appointment of Bernie Madoff superfan Nicola Horlick was a red flag. Then at 4.30 PM we were told that executive director James Lawrence had quit with immediate effect. Maybe he was not such a Madoff superfan. The odd thing is that …
123 days ago
Just when I thought that every bad penny of self important egomaniac in town had jumped on the bandwagon there is another blast from the past to dumbfound we cynics of the bitcoin in treasury madness. The antics of Nicola Horlick and her equally ghastly ex husband Timmy have been well documented on this website, the highlight being when she charged fat due diligence fees at her Bramdean outfit to invest millions of pounds of client money in Bernie Madoff ponzi funds. Some due diligence Nicola.
2221 days ago
I start and end with a request that each Bearcast listener backs the Woodlarks Christmas appeal. Even £2 each and we’d be there. So go on donate now HERE. Then it is onto reports that the stricken Woodford empire may be selling £500 million of healthcare stocks. But at what price? Then it is onto how Ed Croft of Stockopedia, the company that flagged up mega fraud Quindell as one of the top 10 AIM stocks to buy, is claiming to have “predicted” the Neil Woodford scandal. Of course it did not but no doubt this persuades more folks to sign up to Ed’s flawed system. Then I crow as I discuss Nanoco (NANO) which I called out as long ago as 2015 and discuss where next for Bahamas Petroleum (BPC) as its open offer flops.
3345 days ago
The Crowd Funding bubble is yet to claim a high profile casualty but after a long strong of business disasters, not least investing £33 million of other folks cash with Bernie Madoff, could the self proclaimed "Superwoman" Nicola Horlick deliver the first big disaster with Money&Co? Yesterday I documented two very odd ways that cash raised from investors was heading to La Horlick, the dodgy £50,000 gift (oops I mean loan) HERE and the Bramdean payments that don't add up HERE. Now let's look at the accounts of Denmark Hill, the owner of Money&Co.
3345 days ago
Nicola Horlick, the most self important person in the City, who dubbed herself "Superwoman" is these days running a Crowdfunding operation called Money&Co. I shall turn to its woes later today but suffice to say that between its inception on 10 June 2013 and March 31 2015 (the last published accounts) it had racked up losses of £4,056,267 - money that had been stumped up largely by outside investors beguiled by La Horlick. But before we turn to that car crash in waiting, there is the little matter of £50,000 that Nicola needs to explain away.
3373 days ago
In today's statement from JD Wetherspoon (JDW) its boss Tim Martin lets rip on those doomsayers from Project Fear who lied to us ahead of the referendum on Independence Day, June 23rd. that fat self righteous windbag Nicola Horlick - who stuffed her clients into Bernie Madoff funds - the banksters at Goldman Sachs, the smug FTSE 100 bosses, lyin' George Osborne and Dodgy Dave Cameron himself all get it in the neck from the visionary Martin. This statement is poetry. I loathe Martin's plastic pubs but I shall hold my nose and go to one in appreciation of what follows. Over to our hero of the day, Mr Tim Martin:
4338 days ago
Tim Horlick is a City financier but is perhaps as well known for being the ex husband of the self proclaimed “superwoman”, come PR obsessive and supporter (with other folks cash) of Bernie Madoff, Nicola Horlick. But having had my sport with Nicky I now turn to Timmy and put to him a few questions regarding AIM listed Pathfinder Minerals (PFP).
I fired my questions over by email to Timmy who was reluctant to answer. However I soon found myself in a lengthy dialogue with his PR man Damian McCrystal, who is a good and clever chap and was the best ever City Diarist when at the Daily Telegraph, before he turned to the “dark side of spinning. And so off we go.
Q1. Why did Tim and his cousin Richard sell their shares in Pathfinder on 20th October 2011?
A. McCrystal stated that in the summer of 2011 the Horlicks has worked with Pathfinder board member General Veloso to remove the other members of the Pathfinder board as they had no faith in them. When this failed the Horlick’s ceased to work alongside General Veloso and simply decided to sell. I was initially told that Tim and Richard agreed to sell at the wedding of the latter on 19th September, that Tim sold at once but that due to a honeymoon, etc Richard had sold much later.
However,
4347 days ago
This ghastly creature keeps on giving us entertainment every day. As we know with the self-proclaimed City superwoman it is NEVER her fault when things go tits up. If she blows 9% of her client’s cash by backing Ponzi king Bernie Madoff anyone who says it is her fault is just a beastly male chauvinist pig. Nothing is Nicola’s fault. That brings us to her (now failed) restaurant, Georgina’s.
4348 days ago
Following my expose of Nicola Horlick and her dismal excuses for blowing so much of other folks cash in backing King Ponzi Bernie Madoff, a comment has appeared below that article which just blows wide open Horlick’s self created superwoman myth.
4349 days ago
Today it is JP Morgan getting it in the neck with a $1.7 billion fine for not blowing the whistle on Ponzi scheme operator Bernie Madoff. Ahead of the Madoff collapse JP Morgan got most of its own capital out of Madoff funds. Others were not so prescient. Step forward the fund manager dubbed (by her own PR machine) superwoman – Nicola Horlick.
