2713 days ago
On 13 June I started my 21 stock Death list portfolio - 21 shares heading for zero or being booted off the market - see HERE. Until now 27 stocks have entered the portfollio and I am claiming ten kills - not bad eh? Today I go over the four kills since the last update and add four new entrants to the portfolio. Do the Cloudtag morons really want to bet against me with my current kill rate? I review all 21 now current members. The stocks mentioned are: Worthington, JQW, Jiasen, Camkids, China Chaintek, Trap Oil, Mosman Oil & Gas, Monitise, Outsourcery, Magnolia Petroleum, Arian Silver, Sareum, Avanti Communications, Daniel Stewart, Mariana Resources, Sefton Resources, Golden Saint Resources, Sovereign Mines of Africa, Afren, Wandisco, Tungsten, Blur, Auhua, Afriag, InternetQ, Servision, Igas, Cloudtag, African Potash & Slater & Gordon.
2713 days ago
Did you lose money on any of the Fujian Four? We hope that you took our warnings seriously and did not but now there is hope if you ignored us and lost out. Or is there? I refer you to the website of China Resolutions which claims that it may get your money back.
Its advisory board is headed up by John McClean who, as Chairman, was happy to take the cash from China Norfolk Aquatic Foods (AFG) until recently and was also Chairman of now de-listed Norfolk Sorbic which served up the usual tale of woe on his watch, see HERE.
Resolutions claims
3051 days ago
On 13 June I started my 21 stock Death list portfolio - 21 shares heading for zero or being booted off the market - see HERE. On 23 August I got my first kill and so Afren (AFR) was replaced by Daniel Stewart (DAN) HERE. I have now had four more kills and nearly all those that have survived have seen their shares tank. Now I update with 4 new entrants, given that I have had four more kills, and I review the original entrants that cling on to life. Just. The stocks mentioned are: Worthington, JQW, Jiasen, Camkids, China Chaintek, Trap Oil, Mosman Oil & Gas, Monitise, Outsourcery, Magnolia Petroleum, Arian Silver, Sareum, Avanti Communications, Daniel Stewart, Mariana Resources, Sefton Resources, Golden Saint Resources, Sovereign Mines of Africa, Afren, Wandisco, Tungsten, Blur, Auhua, Afriag and InternetQ
3151 days ago
It is 9/11 and I look back 14 years. I also reflect on the Orwellian way we all viewed Syria earlier this week. Looking forward, we have sold 90% of the restaurant in Clerkenwell to the pizza hardman Darren Atwater. we end up slightly ahead on the deal but I have had enough of running businesses and blame my own old age and the Tories for that. This is the start of my wind-down. On AIM its a cracking day with another China fraud kill, China Chaintek (CTEK) and more fun and games at Mosman Oil & Gas (MSMN), Redhall (RHL), Monitise (MONI), Sefton Resources (SER, Cloudbuy (CBUY) and Golden Saint Resources (GSR). And I am getting into bed with Rob Proctor of Audioboom (BOOM). Not literally but...well I explain in full. in the podcast.
3152 days ago
A relatively short podcast today from Shipston in Warwickshire as I am recovering from falling down the stairs. No. Before you ask, I was sober as a judge. On the agenda today: a chat with Nigel Wray, Sefton Resources (SER), Gable (GAH), Herencia Resources (HER), China Chaintek (CTEK) and Tern. I forgot to mention Audioboom (BOOM) - more on that tomorrow.
3170 days ago
71 days ago it was world gin day and to celebrate I came up with 21 Companies that I thought would be brown bread by December 31st 2016, either delisted or bust or both - the Death List HERE. So far Afren has lived up to expectations and so I replace it with a new death list entrant in today's podcast. It should be listened to in conjunction with my macro stockmarket crash bearcast of yesterday HERE
The companies featured today are Worthington, JQW, Jiasen, Camkids, China Chaintek, Trap Oil, Mosman Oil & Gas, Monitise, Outsourcery, Magnolia Petroleum, Arian Silver, Sareum, Avanti Communications, Daniel Stewart, Mariana Resources, Sefton Resources, Golden Saint Resources, Sovereign Mines of Africa, Afren, Wandisco, Tungsten
3170 days ago
The Bear shares portfolio I outlined for summer on 19 July HERE is doing pretty well i.e tanking. Yesterday I outlined my reasons for continuing to remain bearish at a macro level HERE and I also refer to an excellent piece on Zero Hedge HERE. Then I return to the bear portfolio which is:
Avanti Communications, blinkx, Mosman Oil & Gas. LGO Energy, Jiasen, China Chaintek, JQW, Camkids, Rosslyn Data Technologies, blur, Outsourcery and Gulf Keystone.
3181 days ago
I warned folks about Zedex on 16 September 2014 – it is the unregulated boutique that specialises in floating frauds and investment car crashes from China on the AIM Casino. I now update that piece in light of recent events at Camkids and Naibu, both proven Norfolks. I warn you, next up is China Chaintek (CTEK).
3222 days ago
What a great day. Lord Michael Howard tightens the noose for Rob Terry and the Quindell (QPP) fraudsters HERE and then China fraud Jiasen says there is no reason for its share price fall. Er...I think we can all think of one can we not? Then on to JQW, China Chaintek and Camkids - watch out fella's the Sheriff is gonna get you. Ditto Phorm which is next up followed by Iofina. there is comment on Premaitha. Then onto how I dont take bribes from companies to write nice things either directly or via UK Investor Show as a Northern slum dweller seems to think. Finally there is an expose of the POS that is CIC Gold and on the scumbags behind it.
And fear not Champagne Charlie Gibson fans, I had not forgotten about you. Just a reminder of why the Edison analyst is a convicted felon HERE and as a bonus a reminder of how it is not only the poor he screws HERE - and a reminder of why I feel the urge to remind you all HERE
3259 days ago
Naibu, Jiasen and over in Germany Joyou, it is all happening on the China fraud front. The London Stock Exchange's attitude and inaction is a disgrace. If you still own shares in JQW, Camkids, Jiasen, Chaintek or Asian Citrus you are bonkers. A short bearcast covering the day's events and a meeting with a feral cat.
The link to Zero Hedge is HERE
3277 days ago
My first visit to the Greek Hovel prompts a wildlife diversity report which will appear on www.TomWinnifrith.com later. Meanwhile I explain why the Tories ARE the party of social justice and look at New World Oil & Gas, Insetco, Daniel Stewart, China Chaintek, Independent Resources, Falanx and Just Eat. Postscript...
After hours on a day when we are all kanckered and so NO-ONE IS WATCHING Daniel Stewart has announced a) a profits warning b) that it now needs to raise an additional £1 million and c) that Beaumont Cornish has agreed to be its Nomad so shares can resume trading ( and will slump) but only:
3314 days ago
I start with Aiden Earley and Worthington - Gotcha! It was NOT an April Fool, he really is speaking on "faith & money" at UK Investor Show on April 18. Then on to Quindell, Daniel Stewart, the criminal Rob Terry, Coms, Hunter Resources (sorry bad language in that section but the tools deserve it), Real Good Food, China Chaintek and the other Fujian frauds, Afren, The Innovation Group and then West African Minerals, Mwana, my good friend Jim Mellon and the issue of shareholder democracy.
3327 days ago
I start with a few admin matters. Is Britain corrupt? I have recorded a postcard on that matter on my personal site which you may find interesting HERE. Secondly a couple of corrections on Synety but my stance is unchanged. Then I look at why folks appoint join brokers and then at Patagonia Gold, West African Minerals, China Chaintek and have an explicit warning of bad news to come this afternoon for Big Ray Zimmerman at ZAI Corporate Finance
If you like bearcast you will love UK Investor - book your seats for 18 April HERE
3328 days ago
Results from AIM casino listed China Chaintek (CTEK) today are risible. The logistics company is based in fraud central Fujian and is represented by London’s worst Nomad, ZAI Corporate Finance which managed to do full due diligence on the fraud Naibu (NBU) even though its CEO was in jail at the time. Enough Red flags for you? You want more?
3344 days ago
A pretty wide ranging podcast today but the theme is denial with a dose of China rubbish. I cover Worthington, Afren, Coms, Edenville Energy, Solgold, Craven House, JQW, Jiasen, Qihang, Naibu, China Chaintek, Camkids, Beowulf and more.
3344 days ago
I revealed yesterday how Houyan Lin of Naibu (NBU) has been rotting in prison since November 2014 yet his AIM casino shares carried on trading till January 9 2015 and there has been no RNS. Despite this – as I revealed a week or two back, AIM is working to get more China companies to list on the casino. Think again fools, now I can tell you about a second AIM CEO from China who has been arrested.
If you are a shareholder in Camkids, Jiasen or China Chaintek (with Naibu, the Fujian four) you might be wetting your pants right now. Fear not, your bosses have not been arrested. Yet. But you are bonkers hanging onto the shares until those Norfolks unravel.
So who is under arrest now? It is Li Yuanqing formerly the boss of AIM listed Qihang (EBIV).
3354 days ago
I cannot resist making a joke I made earlier about getting past passport control. That and a favour asked of all Bearcast listeners starts today's podcast, delayed because the internet connection from Kalamata is painfully slow. When we get there I shall discuss Naibu, Camkids, China Chaintek, Northern Petroleum (a genuine request to its lamentable board made in the spirit of friendship becuase I am such a nice guy), Alecto, Afren, Frontier Mining, Motive TV and Nighthawk.
I shoud have mentioned Rangers but forgot. It has had to abandon a second London hotel location for its EGM which will now be held at Ibrox in Glasgow which is big enough and is where all the shareholders live. The EGM should always have been held at Ibrox, any other location was a clear attempt to disenfranchise fans who hate the board. They now have another reason to hate the board and will, I hope, vote en masse to oust them.
3364 days ago
I start - as I would always do when I err - with an apology and correction on Scholium as per yesterday's Bearcast. I then go onto high handed CEOs who say they do not care about Private Investors and get a big come uppance. Step forward the little shit who runs Northern Petroleum, Keith Bush. I comment on Inspirit and Ambrian and going back to oil I disagree strongly with Ben Turney (HERE), Gulf Keystone remains a stonking sell. I also touch on Igas, Afren and Hurricane. En passant I touch on the china frauds like China Chaitek and Camkids.
To support our continuing campaign against fraud on the AIM casino click HERE
3375 days ago
It is now three weeks since shares in Naibu (NBU) were suspended from the AIM casino pending clarification of its financial position, notwithstanding the fact that it claimed to be profitable, cash generative and to have net cash of £32 million – a multiple of its market cap. In light of this I have again written to Big Ray Zimmerman of ZAI Corporate Finance, Nomad to this fraud because the implications of the fraud are severe for not only Naibu but also ZAI, Daniel Stewart (DAN) and the other members of the Fujian four – China Chaintek (CTEK), Camkids (CAMK) and Jiasen (JSI). Plus for good measure JQW (JQW).
Dear Ray.
3383 days ago
Shares in the fraud Naibu (NBU) were finally suspended on the AIM casino on 9 January 2015 after the NEDS woke up and requested clarification of the financial position of a company claiming to be cash generative and drowning in cash. How long does it take to check this out? What next?
Having shown conclusively that Naibu CEO Houyan Lin had form as a felon HERE I am in little doubt as to the outcome. But what is taking Naibu so long? A letter to its Nomad, big Ray Zimmerman of ZAI Corporate Finance, follows. When Naibu ‘fesses up the questions start for Camkids (CAMK) and China Chaintek (CTEK).
3392 days ago
The suspension of trading in shares in China fraud Naibu (NBU) will make bear raider Lucian Miers a stack of cash as he was a long time short. So who is next?
3396 days ago
In this short end of week podcast I look at the issue of sub critical mass companies on the AIM casino starting with Hunter Resources but en passant looking again at the POS enterprises that are Tern and Touchstone Gold. I look at housebuilders, Qihang Equiment and the three remaining Fuijian Norfolks: Camkids, China Chaintek and Jiasen
3396 days ago
Really just a few matters on the agenda in this special prompted by the suspension of shares in Naibu (NBU) today. I have been calling this out as a fraud for a year. I win. I look at the read across to China Chaintek, Camkids and Jiasen, to what it says about ZAI Corporate Finance and its other clients and what it says about any other stock I call out as a fraud. I look at Quindell, rumours about a new chairman, PWC and the fact that it too is a fraud. I also have more to say on the matter of free speech.
3400 days ago
The working year starts a proper and I am in a good mood which is bad news for the low life on the AIM Casino. On the agenda today: Enegi Oil, LGO Oil, Iofina, Mosman Oil & Gas, oil stocks, Chris Oil & his share tips, Globo, Naibu, Jiasen, Camkids and China Chaintek ( the China Norfolks), Quindell, and - in some detail - Tern.
3401 days ago
Anyone owning a Chinese based AIM stock is certifiably bonkers. That is especially the case if it is based in Fujian Province, a small part of the PRC which has specialised in listing frauds on AIM, the Frankfurt Exchange, the TSX and NASDAQ. The Fujian four on AIM are: Camkids (CAMK), Naibu (NBU), China Chaintek (CTEK) and Jiasen International (JSI) and for all four my ultimate target price is 0p. But I feature Jiasen today at 42.5p as a sell of the year.
The modus operandi of a Fujian fraud is simple.
3421 days ago
It's a first. A daily podcast not mentioning Quenron (QPP) at all. But for the record its shares dived by 7.2% to close at just 38.5p. Only 38.5p to go to fair value. Instead I discuss Ludorum, Mysale, Naibu, China Chaintek, Enables IT, Ultrasis, Touchstone Gold, Beacon Hill, LGO and why I remain an equities bear. However I reveal a very small AIM company in which we have just made a material (for us) investment.
3425 days ago
As we know Daniel Stewart will stop being a Nomad tomorrow night and so shares in its clients will be suspended from the AIM Casino unless they get a new Nomad PDQ. So today China Chaintek (CTEK) announced that ZAI Corporate Finance had taken it one. FFS – Alarm Bells vicar? Due diligence? A list of ZAI bargepole stocks is needed now.
3426 days ago
Hapless Daniel Stewart is tying itself in knots over AIM Casino listed China fraud China Chaintek (CTEK). A research note out yesterday is just LOL stuff as I explain in this mini bearcast.
3427 days ago
A podcast extra today on the Modus Operandi of China frauds, on a trading statement from China Chaintek (CTEK) that simply does not make sense and serious questions for Daniel Stewart and Mr Paul Shackleton who signed off on this bollocks. I also cover Naibu ( another Shackleton "verified" fraud and Jiasen which also announced a load of cobblers today. Reminder for investors in Chaintek and Naibu the clock is ticking. Shackleton you are now a marked man , the Sheriff is on your case.
3428 days ago
I am in a good mood today. I shall be seeing the Mrs soon and almost as good I get three kills: Quindell, Maple Energy and Cupid. All three are covered as are the next raft of kills: Naibu, Pressfit, China Chaintek and Camkids. Also on the agenda are Enegi Oil and Petropavlovsk
3431 days ago
I am in a good mood. The olive pickers are picking and I have a great Quindell article to come. Oh dear. It relates to today's Quindell Quiz. ETA 3 PM ish. Elsewhere I look at IGAS ( a warning for piggy Austin), Naibu, China Chaintek, Pressfit, Stellar Resources, ReThink (a scandal), ValiRx (a dog) and am cheered by the news that someone from Daniel Stewart last night told a colleague of mine that he wanted to beat me up. These folks who float fraud after fraud don't like it up 'em do they?
We have 50 free copies of Tom's Book "The 49 Golden Rules of Making Money from Shares" which covers these issues and others to give away today. For your copy fill in the form HERE
3432 days ago
As we know Daniel Stewart (DAN) has lost its NOMAD licensed. Not because it floated a series of frauds which it did. But because its staff, its Qualifying Execs have all quit. So the individuals who earned whacking bonuses for floating frauds can now float frauds elsewhere. This is shocking – there is no personal sanction for them. But this means that Daniel Stewart’s PLC clients must now find a new Nomad or they will be booted off the AIM Casino. Carnage ahoy, two down, who is next?
3438 days ago
The Albanian olive pickers have still not arrived and may well be replaced with Greek workers later today. I am now very angry. Will I make it home by Christmas at this rate? In this podcast I look at Range Resources (RRL) - suspended again and reveal the REAL story of my battle to tell you the truth about this POS - Beowulf Mining, Kalimantan Gold, Daniel Stewart, Naibu, Pressfit, China Chaintek, Gulfsands Petroleum and of course the fraudsters at Quindell
3488 days ago
You could not make this up, Daniel Stewart (DAN) the City Crony capitalists who make their cash from advising firms on the AIM Casino has today admitted that it is truly financially buggered but not so utterly buggered that it can’t afford lavish champagne receptions at Christmas. Having made millions floating Quenron (QPP) and the China frauds Naibu (NBU) and China Chaintek (CTEK) as well as raising cash for blue-chip Globo (GBO) this is a comedy that keeps on giving.
In its statement today the Cesspit advisor ‘fessed up and admitted:
3491 days ago
Shares in Crony capitalist Nomad and broker Daniel Stewart (DAN) remain suspended on the AIM casino as the financially challenged enterprise has still failed to get its accounts signed off and published. While we wait we have managed to obtain an exclusive image of its IPO Department. This is the part of the firm that brought you winners like Quenron (QPP), Naibu (NBU) and China Chaintek (CTEK), made £1 million raising cash for Globo (GBO) but could not quite manage to float China fraud Fraspens in August. So what will be its next offering? I ask you by midnight tonight to post a suitable caption below.
3492 days ago
Let’s face it the firm that floated Quenron (QPP), China Chainek (CTEK) and Naibu (NBU) deserves to go bust so we won’t be able to laugh at Daniel Stewart for that much longer given how its shares are suspended, it cannot get its own accounts signed off on time and is almost out of cash (see HERE). So let’s have fun while we can. With a deadline of midnight tonight lets have your captions for the picture below:
3492 days ago
Daniel Stewart (DAN) earns its money advising companies (not all of them frauds) how to list and behave on AIM. It brought us Naibu (NBU) and Quenron (QPP). Two days ago its own shares were suspended on the AIM casino because the cash strapped firm could not publish its accounts on time – see HERE. In honour of this…
We bring you an old cartoon in honour of Daniel Stewart, and its employees who raised money for Naibu, China Chaintek and Quindell, with the original caption below.
3494 days ago
On Monday we asked you for suitable captions for the picture below. You can see the full range of entries HERE but the winner is:
Alcira16247 with “Arghhh! Good God! You found it up Mr Terry’s, ……WHERE!“
In light of recent events (see HERE) I would like to suggest a late entry:
“ In response to an urgent request from Daniel Stewart, the finance department at Naibu work out how to pay the next ten years annual retainers in advance”
3498 days ago
Today Camkids (CAMK) has followed its fellow AIM casino Fujian shoe related China POS heroes Naibu (NBU) and China Chaintek (CTEK) in cutting their dividends despite claiming to be hugely cash generative and drowning in cash. As such we bring you the Monday Caption Contest. Please post your captions in the comments section on ShareProphets:
3505 days ago
This article appeared in the Chinese publication Caixin Online at Christmas 2012. Staff reporter Qu Yunyu has done a superb job. It should be required reading for the crony capitalists round at Daniel Stewart, Allenby Capital and Abchurch Communications as well as AIM Regulation and for anyone mad enough to hold shares in Naibu (NBU), Camkids (CAMK) or China Chaintek (CTEK). It is explicit about what has gone on. If you own shares in any of the Fujian companies on the AIM Casino you should sell them all at once. The article – with a few choice sections in bold from me - reads:
3505 days ago
I am sorry to say this but the research note published this morning by my friend (well he used to be) Simon “Wincey Willis of Daniel Stewart on China Chaintek (CTEK) is a total disgrace. I assume Wincey has been leaned on to justify what is obviously a fraud because Daniel Stewart is earning such vast fees as Nomad and broker to Chaintek. Wincey is a good and honest man and hence he drops covert hints that he thinks Chaintek is junk but I urge him to stand up to the reality that Chaintek and Naibu are engaged in fraud. He should explicitly tell clients to sell, even if that means that Daniel Stewart fires him. Simon do not sell your soul in this way.
3505 days ago
From the team that brought you Naibu (NBU) we also have China Chaintek (CTEK) which released its interims today and it goes without saying that they do not stack up either. My target price for the shares is 1p (the value of the cash dividend on offer) but since it will probably be the last when the stock goes ex my target price will be slashed to 0p.
As a reminder, team Naibu/China Chaintek is dodgy serial floater of China frauds Zedex Capital, the Nomad which floats utter shite from China and the UK and which brought Quenron to the AIM Casino (Daniel Stewart) and PR spinners for most of the China Norfolks, the upper class twits at Abchurch.
Chaintek, is like Naibu and the two German China frauds to have emerged in the past three months, from Fujian province China. They all make shoes. Chaintek is in logistics and its main customers are claimed to be shoe producers.
I do not need to go into much detail
3506 days ago
I hope that Daniel Stewart and upper class twit PR buffoons Abchurch Communications have enjoyed spending the vast fees they have earned in assisting China fraud Naibu (NBU) to list on the AIM Cesspit. And I hope AIM Regulation are ready because at 7 AM the Sheriff of AIM will be breaking news which MUST result in a share suspension if the Casino is to retain any credibility. It is Gotcha time for these bad guys and then we can start moving onto Camkids (CAMK) and China Chaintek (CTEK). Oh.....
3506 days ago
I noted in my earlier article HERE how Zedex Capital is involved in listing a stack of shit companies or indeed outright frauds on AIM. That is why anyone holding shares in Naibu, Camkids, China Chaintek, Asian Citrus and Asia Ceramics which are all, pro tem, listed on the Casino should sell now. If you doubt me here is another warning: Asia Distribution, what happened next.
The pattern is that the Chinese company floats, raises cash from gullible Gwaelos in London, Chinese investors sell in the aftermarket and then, to cover up the fraud, the POS on AIM agrees to a takeover at a price which sees all UK Investors lose money. But you ask what happens next once AIM investors are not looking any more? Asia Distribution agreed to a 52p a share bid to end its AIM charade. Here is the 2011 Regulatory filing from the acquiring company. Weep.
3506 days ago
I think that it is now 100% clear that Naibu (NBU) is a fraud. It is only a matter of time before it goes to 0p or is booted off the AIM Casino. But where did it come from and is it unique? Meet Zedex Capital. What follows will shock you. It says so much about how corrupt AIM and the City advisors working on it have become. It is a scandal.
Zedex is not regulated by the FCA but acts in London and says of itself:
Zedex Capital is dedicated to bringing quality Chinese companies to the London Stock Exchange, in particular the Alternative Investment Market (AIM). Our core business is grooming high-growth and sufficient-size Chinese companies to ensure that their business strategy, financial soundness, and corporate governance are adequate for an Initial Public Offering (IPO), so that the transaction can be executed smoothly and swiftly once all professional advisers are on board.
In return for this grooming of pert young companies
3506 days ago
The Naibu (NBU) Norfolk is collapsing as we speak. Last seen the shares were at 31p and target price is 0p. Will the Naibu owning Bulletin Board moron who called me Winnifraud 2 days ago on the ADVFN Naibu thread for questioning this Ponzi please apologise now? Is he right now filling his boots or filling his trousers with the brown stuff? I have no sympathy for this cretin whatsoever. He was warned… So which are the next two China AIM casino listed stocks to slump> Here are two suggestions.
3513 days ago
It is now quite clear, after my shock revelations today HERE, that Naibu (NBU) is a total Norfolk and is going to 0p. And this is only the latest of a number of Chinese based Norfolks to list on the AIM casino. Good Chinese stocks list in Hong Kong or Shanghai, bad ones on NASDAQ and total stinkers and outright Norfolks on AIM. Well that is my view - hence the advice to dump shares in Camkids (CAMK) and China Chaintek (CTEK) as well as Naibu. What do you think?
