1787 days ago
Yesterday I highlighted the numerous issues which make Diversified Gas & Oil (DCOG) the most overvalued oil stock on AIM. The crux of the issue is that its freported profits since IPO have been generated almost entirely from aggressive accounting as opposed to producing hydrocarbons. I believe its accounts breach IFRS 3 and must therefore be completely restated which will wipe out nearly all of its retained profits. Let me explain.
1789 days ago
In today’s podcast I add a bit more to the earlier coverage of Diversified Gas & Oil (DCOG) which is an outstanding short, look at Management Resource Solutions (MRS), and Gooch & Housego (GHH). Then I look at Woodford, play out some end game scenarios and look at 10 stocks which could go bust by Christmas as a result of this fiasco.
1790 days ago
I take my hat off to a chap who has created the blog Oarfish Research for he is a truly talented individual who has produced some spectacular research on £878 million capitalised ( at 126p) AIM listed Diversified Gas & Oil (DGOC). Reading Mr Oarfish’s truly spectacular analysis I can only conclude that this company is monumentally overvalued. It could be the most overvalued stock on AIM.
