35 days ago
If the FCA’s crack staffers want to take time off from shitting on the floor and jerking off on ESG porn and to nail some slam dunk 100% market abuse, here is its chance.
336 days ago
Oh dear, oh dear, the bad news just keeps on coming at the $1 billion AIM fraud Wandisco (WAND). But before we get to the bad news I invite you to read the 2022 report on corporate governance read by now ex CEO pompous Dave Richards MBE HERE. Did he believe this shite or just publish it anyway to allow ESG investors and woke FCA employees to get an easy jerk off. Anyhow back to the fallout from the fraud.
337 days ago
I think you know my views on the ESG mania. Legendary investor Rick Rule is in the same camp.
343 days ago
Neil Woodford and Thirsty Paul Scott took the knee at the disruptive potential of online estate agent Purplebricks (PURP). In latter years the deadwood press blew smoke up the arses of the CEO and CFO as they were both women. Girl Power! More ESG vicar? Of course, the numbers never stacked up and the fundamental business offering was dire so shareholders and customers both got screwed. Those of us who do actually look at how a business runs and at hard numbers may be sexist old dinosaurs for doing so but we have another win. Today’s fess up from the birds in charge is grim.
351 days ago
Seed Capital Solutions (SCSP) was incorporated in December 2017 but only joined the Standard list – just before new tighter rules came in to play – on 12 April this year. It is a cash shell looking to make an ESG Acquisition. And today Rolf Harris has just been appointed head of the NSPCC. Sorry, I meant to say that Seed Capital has a new CEO
516 days ago
After the slave labour in Leicester scandal, Boohoo.com (BOO) insisted it had done nothing wrong but put in place all sorts of ESG committees, procedures and staff to make sure it never did anything wrong again. Not that it had sinned in the first place, you understand. Today, an undercover reporter from The Times has exposed what happened when posing as a worker at the company’s Burnley distribution centre.
521 days ago
The file below is shocking, the big crypto blow up is just a fraud from top to bottom with young folks who espoused all that ESG bullshit that Malcolm and our political leaders love so much, either stealing the cash or blowing it through incompetence. Enjoy. This will not be the last such scandal in this industry but it may be the biggest and most comical. Enjoy.
602 days ago
I rather think that what somebody does in their private life is their own lookout, especially when the incident in question was nine years ago. But in this ESG obsessed world I wonder how other folks might take it. Especially when the company, whose CEO follows the Prince Harry ( of old) party code, yacks on ad nauseum about its ESG credentials.
610 days ago
Being oh so ESG friendly Made.com (MADE) not only has a bird as its CEO and also as its chairman, sorry chairperson, but it also, until today, had a full flush of 5 NEDs. Such wonderful diversity has not prevented the company guzzling cash at a prodigious rate, missing every target ever set, and it has now admitted that it needs a bailout fund raise PDQ, as I predicted HERE.
668 days ago
Okay, Sam has a few things to be smug about. She set up FinnCap (FCAP), and 24 years later, it is an AIM-listed Nomad and broker. Furthermore, she has done it all despite – as per hundreds of sycophantic interviews – being a woman in what is largely a male-dominated world. How very ESG, la dee da dee da. But…
751 days ago
Not only are Optibiotix (OPTI) shares not flying (yet) but part two of my retirement plan has also been scuppered as I explain, by the imminent arrival of my in-laws to live in our annexe. I am busy preparing for that and also sorting out the garden ahead of a Greek trip, hence a late bearcast. In that, I discuss whether foolks really are paid to post rubbish on Bulletin Boards, why some companies set up a new holding company and at Carnival (CCL) and elsewhere why an obsession with E &S lets poor G ( shocking greed) take place.
809 days ago
I start with KPMG and another scandal but the real scandal is the way it deals with its employees who are fraud enablers by act or by omission or both. Then onto the Methodists and why its stance on Rio Tinto (RIO) is, I suggest, not what Jesus would have advocated. Moreover it highlights how ESG driven investing has created valuation anomalies on both the long and short side. Finally, THG (THG) and PE bid speculation.
819 days ago
I am rather taken with the new cleaning lady the Mrs has hired. She scrubs up well, works hard and her views on a range of issues including masks, vaccines, inflation and the role of the state are thoroughly admirable. And hearing myself and Lucian discuss how mining companies claim to be ESG friendly by hiring loads of lesbians, she thought that a good joke and remarked that my work seemed interesting. That would not be how the Mrs would react, both to the joke and the description of my work. I mention all of this only because Agnieszka has been arguing with her 12 year old son who wants her to invest her wages in bitcoin.
822 days ago
I start with the suggestion that I am ramping gold and de-ramping Bitcoin. I discuss this nonsense although I am vaguely flattered that anybody thinks me so omnipotent. Then onto Unilever (ULVR). Finally a related discussion on the wretched Sunday Times coverage of the laughable Black Pound Report. I refer to the LadBible piece HERE
836 days ago
I start with a couple of points of economics, covering disincentives to work for low paid folk, especially if divorced dads and also the epidemic sweeping the nation, the public sector variant. I flagged this up to Bath Spa students a few years ago, it is still true. Then, tying in to my 4th tip of the year out today, I move onto bitcoin and also the smokescreen, being seen as ESG friendly provides but why it will unravel as the market gets nervous this year.
856 days ago
Those guys at ShareSoc are so far ahead of the curve are they not? Look at the date on a letter sent to the FCA today regarding the disgraceful goings on at Edge VCT. Prescient or what? Anyhow we see eye to eye with ShareSoc on this matter and urge the FCA to stop jerking off on ESG porn and to intervene. The letter follows below.
878 days ago
Institutional investors are, like the sad drips at Fidelity, are obsessed about telling us how bloody woke they are and how they just are so ESG friendly. Alreet Chloe Thompson ye bonnie lass – fancy a job at Fidelity? Belta! But while they talk the ESG talk do they really walk the G walk? Heroic Tim Martin of JD Wetherspoon (JDW) has lashed out and his answer is NO!. The great man says:
889 days ago
I start with news of two birthdays. Then I look at today’s Superdry ramp from Versarien (VRS), at Wildcat (WCAT), where the FCA has already responded to my missive, and at Nightcap (NGHT) where what I have revealed today is legal but surely stinks to high heaven making the shares utterly uninvestable.
898 days ago
The FCA has forgotten that its job is to protect consumers and fight crime rather than issuing woke papers on ESG issues which win rave reviews at the Guardian. SEC chairman Gary Gensler has not forgotten. In a big speech on Thursday he tells it as it is. Gary said:
913 days ago
According to a FinnCrap report all UK fund managers are. Even my old pal Mark who is slightly to the right of Genghis Khan? Somehow I doubt it but, as per Joshua and the red clothes day, which fund manager would dare to say that it is all so much shite? I discuss the opportunities that ESG mania offers for those prepared to call out the Emerperor’s New Clothes for what they are. I also discuss whether all entrepreneurs should be feted in the same way by those of us who do believe in capitalism, as per yesterday’s bearcast.
928 days ago
I start with the big oilers and I am sure Odey is right and the woke ESG obsessed fund management mainstream is wrong. Then onto Ed McdDermott and Seed Ventures (SEED) where I am a loyal shareholder but argue for a plan B
940 days ago
I explain why there was no bearcast yesterday. Then I look at the part this household is playing in the fuel crisis. It is all about psychology. Then a look at Real Good Food (RGF) and companies delisting before a look at the pathetic punishments for the enablers of fraud at Patisserie Holdings (CAKE) I also look at what Australian regulators are doing to tackle pump and dump twitter gangs while the FCA jerks off on more ESG porn doing nothing about tackling real crime. I flag up Aura Energy (AURA) in this regard.
952 days ago
I discuss a fascinating article about XL Media (XLM) HERE in the Times of Israel. If I wanted to list a fraud I’d be big on ESG as was XL. Chris Bailey’s fund manager pals would love it as I stole all the cash. I look at gender targets and ask what they should be, referencing Principals of Cambridge Colleges. I look at Mercantile Ports (MPL) and PrimaryBid and then what I plan, or hope, to do next about the fraud Umuthi (UHS), ask the victims to tell their stories. I look at Paul Johnson’s Power Metal Resources (POW) and its latest news which takes me back to 2007 and Mark Watson Mitchell’s Yellowcake. I comment on Asimilar (ASLR) and then go to town on Deepverge (DVRG) and its journalist trolling cock of a CEO Gerry Brandon explaining why I believe investors were materially misled in the run up to the £10 million June 7 placing and why the company is, for a variety of reasons, a total bargepole. It is just not investment grade material.
981 days ago
Another day and another announcement from Argo Blockchain (ARB) the company that is spending $17.5 million buying some Texas scrub land worth $168,000. It is more green hype which might impress some of the ESG loving millennial fund managers who Chris Bailey is keen on, but cash guzzling Argo refuses to address the herds of elephants in the room.
1017 days ago
Always spotless, green and neat, The smoothest woke spin gets them. I misquote, of course. But I am sure that the lead singer of the Undertones, who produced the classic My perfect cousin, now that we have a CD machine here, often playing this year at the Greek Hovel, will not object. These days Feargal spends his time campaigning on river quality. What else would an ageing punk do? The tweet below demonstrates the hypocrisy of big finance on ESG matters.
1036 days ago
The question for the Titanic chefs is asked well after the iceberg has been hit. For Hurricane Energy (HUR) is also a busted flush, a sinking ship. Its assets are so poor that it will probably go bust at some stage whether or not it completes a debt for equity swap which will see shareholders lose 95% of the company. This company is, like the Titanic 109 years ago, holed beneath the waterline. Against this backdrop it has today published a glossy 71 page Environmental Social and Governance report.
1041 days ago
It has always amazed me how the paper that purports to be the voice of business has, on so many issues taken a profoundly anti-business line. The FT told us to vote for Blair, to join the EMU and the Euro and to oppose Brexit. Natch it is all in favour of a radical green agenda even if it cripples business in the West. And it cannot get enough of the sort of ESG porn that the FCA also jerks off on every day. Today it bigs up a story about the FTSE Russell Index threatening 208 companies with expulsion. According to the FT:
1047 days ago
The first time I contacted the FCA about these two boiler room scams was in November 2019. Natch the woke dullards were too busy jerking off on ESG porn to do anything and now about £35 million has been stolen. My coverage has been extensive as you can see HERE. But now it really is time that the FCA did something and put these frauds to the sword if only so that those who invested under EIS can get some of their cash back.
1073 days ago
Everyone knows that loan shark Amigo (AMGO) screwed tens of thousands of customers. Even the company admits to it. Shareholders benefited from that screw. Amigo wants to pay out just a portion of that screw in compensation, leaving shareholders taking no pain as they get to keep some of the ill-gotten gains. Quite rightly those folks at the FCA have taken a few minutes from wanking off on ESG porn to put a stop to this.
1098 days ago
It is to be hoped that the FCA takes a dim view of a company that is now shown to have serially deceived investors as to the size of its client pipeline, so inflating the share price allowing directors such as chairman Dominic White to dump millions of pounds worth of shares on dumb punters. That company is, of course, the fraud Supply@ME Capital (SYME) and if staff at the British regulator were not sio busy jerking off on ESG porn they would have shut this con down ages ago. So today the fraudsters serve up an acquisition update.
1308 days ago
I warn you that my Mahmud Kamani impression when he meets the new ESG director forced upon him contains strong language. It had to, to be accurate. I discuss, in this podcast, the liars at Supply@ME Capital (SYME), William Hill (WMH), Restaurant Group (RBG), Hammerson (HMSO) and Boohoo (BOO) plus my act of mask rebellion in Wrexham yesterday as I stocked up on loo rolls. You – and the Mrs – mocked me last time but it is better to be the first lunatic over-reacting then the first sane person forced to pay £5 and limited to 1 roll each!
1343 days ago
I shall explain which I am selling and which I am buying and exactly why in the bearcast. Enjoy. I also look at the latest Covid data which spells death for Catenae (CTEA) and doom for others and, with a hat tip to the great Peter Tatchell to covid profiteering by Burberry (BRBY). I look at Plutus Powergen (PPG) in detail, and also at share trades that have happened but others that are not happening which explain why Supply@ME Capital is shaping up to be such a scandal and one where the FCA has disgraced itself by its actions and is still disgracing itself by its inactions. I also explain why comrade PL is taking nonsense on ESG spend adding value.
3050 days ago
I am still on the prescription pain killers as you may be able to guess. And I am still pondering what to get the Mrs for Christmas - any ideas please post away in the comments section. I end with a question for Jabba The Hutt and Afriag (AFRI): tell me David Lenigas what is happening on January 20 2016? In the podcast I cover Infrastrata (INFA), disappointing news from Armadale Capital (ACP), Inspirit (INSP), Octagonal (OCT) - two John Gunn /Lenigas creations - Asian Citrus (ACHL), eServGlobal (ESG), Impact Holdings (IHUK) and ask the question could WH Ireland (WHI) - full dossier on its sins HERE - run out of free cash soon? The answer after today is that the pensioner muggers could well do so. Karma.
3118 days ago
I am staying wth my father and lefty step mother in Shipston and so there are a string of jokes at his expense. Talking of jokes I mention, en passant, Sefton Resources (SER) but also the total joke that is Golden Saint Resources (GSR). Then there is BBA (BBA), Telit Communications (TCM), Surgical Innovations (SUN) - cue predictable Zak Mir joke - and eServGlobal (ESG). Finally I comment on Adgorithms (ADGO) and flag up superb Peel Hunt research HERE
