751 days ago
Of course certain folks* do not want to learn all the lessons of Woodford so that it never happens again as that might threaten the grievance industry gravy train on which they ride. One lesson is that the press only start calling out bad actors in financial services when it is too late. Before then, they promote the bad actors for the mainstream media are bad actors themselves. The next Neil Woodford, as Lucian myself and others have noted for a while, is Cathie Wood of ARK whose funds share a lot of the failings that caused Woodford to blow up and whose arrogance matches that of the disgraced Neil. But for years the deadwood press blew smoke up Cathie’s posterior just as the FT and others blew off Neil.
751 days ago
I have today been disinvited from the Woodford TTF event, so if you paid £75 to hear me, ask for your money back. I’m sure the FT’s happy, and I discuss what you will NOT now hear. I also discuss today’s April Fool on ShareProphets - which some of you fell for! Finally, I look at 4D Pharma (DDDD); Verditek (VDTK) – is that the Fat Lady I see?; Eden Research (EDEN), and the issue its auditors will have; and musicMagpie (MMAG), with today’s share price lurch in mind.
856 days ago
I am getting a bit of a twitter pile on from hacks at the FT, the BBC, lecturers in media studies and Gabby “your favourite bisexual PR girl” for challenging their daft Group Think on who you should quote. It all started with Dave Lee (daveleeFT) of the FT tweeting:
878 days ago
No! It is not snot gobbler Dan McCrum of the FT who tipped off the CEO allowing him to sell millions of shares in the days before the balloon went up at the Globo (GBO) fraud. McCrum still insists that he is the journalist responsible for Globo’s downfall whatever Gabriel Grego says. But it is another unsung hero who brought Globo to book. You may have thought that he was a supportive shareholder in the fraud, dissing we bears as not knowing what we were talking about. However…
879 days ago
The triumphs for me are Globo (GBO) where the man who should know recognises my unique work and puts the FT’s snot gobbler in his place as the FCA swoop and SpectrumX and some real Tory sleaze exposed as it goes bust as advisers say its IPO is on track. Then I look at AO World (AO.) where almost all the writers here are vindicated and deserve an ouzo tonight (sparkling water for puritan Chris), and Harland & Wolff (HARL) – ouzo for Peter Brailey, cabbage water for Andrew Monk. Finally a few words on the lastest spoof from the fraud Supply@ME Capital (SYME).
879 days ago
After a six year investigation the FCA has finally launched lawsuits against the CEO and CFO of the £300 million Greek fraud Globo, once a poster boy of the AIM sewer. The company raised more than £100 million in debt and equity but was a complete fraud, going tits up in 2015. You may remember …
1042 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:
1284 days ago
I am not sure if journalists at the Financial Times believe in free speech any more. After all, on every major issue in history, the pink paper shows itself not to be on the side of business or even sanity but the mouthpiece of smug elitist North London metropolitan liberals. That is to say on the wrong side of history. Thus, 24 hours after a French teacher was beheaded by an Islamist extremist for daring to practice and teach the virtues of free speech, I bring you an October 2 tweet from the FT’s man in Brussels. It has not aged well and is yet another reason for the dwindling readership of this sad publication to think again about their subscription.
1408 days ago
I start with a few words on the hard working, courageous and heroic teachers. Then it is Barry the Tit from Turner Pope who cannot read and insults the professionalism of Gary Newman but raises a wider point about how AIM and brokerages operate. Barry is a tit but I regard his employer as Best of Breed although if I had my way the breed would not exist if the Casino was run according to new rules I suggest. Finally a look at the idea from Eric “snotgobbler” Platt of the Financial Times that the greatest living investor, Mr Warren Buffett, might be past his sell by date. Hat tip on the last point to Jim Mellon.
1432 days ago
Government adviser Dominic Cummings did not break the law or indeed break self isolation rules when his wife came down with Coronavirus but he undertook travel, arguably non essential, to make caring for his 4 year old easier. But for Jim Pickard at the FT bending the rules to care for your kid is the same as bending the rules to shag someone else’;s the case.wife. The acts maybe the same but surely the intent in one case is rather more laudable than in the other. But maybe among godless metropolitan elites who can never forgive Cummings for his rile in Brexut that is not how they see it.Most of us might have a different value set, another reason, maybe, why FT readership continues to slump.
1440 days ago
Firstly, thanks to all who have donated to Woodlarks in its hour of need. we are now at 12% of the amount needed to ensure its survival until next year, that is to say £48,000. As I prepare for a 33 mile solo walk on June 13 as this year’s only rogue blogger, please donate HERE. Then it is onto events at Bidstack (BIDS), Burford (BUR) and BT (BT.A) and a cast of characters including my pal Carson Block, the snotgobblers at the FT, investment legend Roger Lawson and the suits at ShareSoc.
1648 days ago
The FT says today that no-one emerges from the Neil Woodford scandal with any credit. I beg to disagree with the PR cocksuckers at the deadwood press yet again. Meanwhile three folks who do emerge with real credit are now negotiating a book deal. I also look at Brady (BRY) and its crazy share price and in detail at uber dog Plutus Powergen (PPG)
1780 days ago
I see that the spin doctors for Woodford Patient Capital Trust (WPCT) told their poodles in the deadwood press (the FT) to run a fake news article suggesting that vultures were circling looking to bid for the company and its assets. No-one, not even the PR cocksuckers at the Financial Times, believes that for a minute and the shares have slumped again today to 59p, despite, or perhaps in part because of, the weediest of statements from WPCT.
1782 days ago
I start with Bryce Elder at the FT. What a knob. Then it is onto new explosive revelations about Hargreaves Lansdown (HL.) was selling Woodford funds for months while urging its retail clients to buy.
1861 days ago
Wirecard is a German company which looks like a Norfolk and walks like one and where the FT - to its credit - has done sterling work making that clear. The German regulator has responded by banning shorting of this stock. A letter from Safkhet capital to the foolish Krauts explains why this is folly. This is a very clear explanation of why it NEVER makes sense to ban shorting.
2007 days ago
In light of Cynical's piece earlier this week I discuss what happens next to Neil Woodford and his funds and it is not good. Of course some of us - not the useless FT - predicted it all a long while back as you can see in this excellent video from UK Investor show 2018 here
2030 days ago
I cannot really speak properly. Forgive me, there is good reason. However I offer comment, breaking rumour and analysis on Tern (TERN), Purplebricks (PURP) and the plight of the shorter, Berkeley Energia (BKY) and planned yellow journalism by the tossers at the FT and Audioboom (BOOM) and management spoofery.
2054 days ago
Elon Musk might be forgiven for thinking that few in the business community still lve him. But he does have fans. Step forward Costis Papadimitrakopoulos the founder and CEO of Globo (GBO) which raised tens of millions of dollars in debt and bvia issuing shares on AIM and claimed to have net cash but er... did not. It was a fraud and Costis took stacks of that cash and also sold all his shares before the balloon went up after being tipped off by snot gobbler Dan McCrum lof the FT. Anyhow Costis has been busy on facebook updating his profile last month as you can see below.
2096 days ago
Globo (GBO) was a fraud which claimed to have cash but did not and is now bust. Its downfall was precipitated by ShareProphets publishing a Gabriel Grego dossier after the FT and snot-gobbler Dan McCrum merely tipped off the CEO allowing him to dump all his shares and failed to publish. Now the Financial Reporting Council says that it is letting auditor Grant Thornton off the hook and dropping its enquiry.
2161 days ago
The suspension of shares in Folli Follie on Friday because, after three weeks, it was unable to verify its claimed cash balances is surely the beginning of the end. The Greek Press is today reporting that criminal charges for the bubbles in charge are on the way - see HERE. I like to think I played a small part in its downfall and really enjoyed my doorstepping last week. But the architect of this exposure is my pal Gabriel Grego of QCM although it is only a matter of time before Dan "snot gobbler" McCrum at the FT takes full credit. Gabriel has now commented on the latest news. It is a considered piece. He writes:
2176 days ago
I start with the latest developments on Julie Meyer and hint at what is coming next from myself and also from John Galt. Julie you ain't seen nothing yet. Praise be the Lord. Then it is onto Westminster Group (WSG) and someone almost as loathsome as Meyer, that is to say ex Tory MP fat Tony Baldry. Then I look at Eden Reseearch (EDEN) which fat Tone knows well, Pantheon Resources (PANR), Advanced Oncotherapy (AVO), the tossers at the FT, Jubilee Metals (JLP) and other Beuafort Securities victims and Interserve (IRV) and the tools at the FCA.
2284 days ago
The Financial Reporting Council has today fined audit firm ArrandCo, formerly known as RSM Tenon, £1 million ( reduced by 30% for co-operating) and audit partner Jeremy Filley £80,000 ( reduced to £56,000) for allowing the fraud Quindell (QPP) to publish fraudulent 2011 accounts. No doubt Snot Gobbler Dan McCrum at the FT is again about to produce a timeline taking credit for this but the FRC has stated explicitly that it widened its enquiries to include the 2011 accounts only because of specific allegation raised by me as you can see HERE. These fines are down to my work, not that the deadwood press will ever acknowledge that. So how did Rob Terry and his associated in the Quenron gang, cook the books with the help of Filley and RSM Tenon.
2311 days ago
You can't keep a good man down, or indeed a bad man. I refer to Greece's perennial entrant in the European fraudster of the year contest, Mr Konstantinos "Costis" Papadimitrakopoulos. You will remember him as the creator and CEO of the fraud Globo (GBO) and a man who was able to sell all his shares before we exposed him HERE and the stock was suspended, after Dan "snot gobbler" McCrum of the FT alerted him that the game was almost up. As you can from LinkedIn see Costis has a new venture and also sees Bitcoin as an area to get into. And who said that the crypto currency was mainly a place to launder ill gotten gains?
2382 days ago
Remember when the FT said Inmarsat (ISAT) was going to bid 140p a share for Avanti Coms (AVN) then at 30p now at 7.26p offer? Today it had a scoop on Telit (TCM) which the company has commented on. There is a grain of truth in the FT scoop but so much of what it writes is just PR spin as I demonstrate in this podcast. I hope the journalists responsible feel soiled and dirty. As for Telit I explain the various scenarios and why the downside is huge whatever happens. I cover UK Oil & Gas. A moron reckons he is going to make money by not paying to read ShareProphets and buying more UK Oil & Gas shares instead. Since his silly email the shares have lost another 14% and are now 4p bid. Next stop 3p then 2p then whatever. Truly the moron will be rich. Not. Then I rant about how troubled Interserv (IRV) lied to investors regarding the reason why its FD left and why that matters.
2446 days ago
Telit Communications (TCM) is spinning hard to suggest that all is well despite its founder, CEO and largest shareholder Oozi Cats being"resigned" today. It started by planting today's RNS in the ever pliant FT yesterday afternoon - the paper of record is now the mouthpiece for fraudsters wanting to spin a line. The timing of that FT plant now exposes the lies of today. Now comes the formal statement and it does not wash at all and begs massive questions which are just not answered.
So here is the statement with each comment from The AIM fraud du jour followed with my comments in bold.
2447 days ago
The Financial Times, always happy to help a company in trouble try to polish a turd with some PR spinning, is reporting that Telit Communications (TCM) is to part company with its founder, 12% shareholder and CEO Oozi Cats on a permanent basis. After our Boston fraudster revelations of last week Oozi had already stepped down pending an investigation by a law firm Cameron McKenna. After our revelations he was toast. But sacking Oozi is not enough after today's bombshells on this website - this is PR spinning and does not address the issue of wholesale fraud at Telit.
2718 days ago
I gather that there were a some FT and Guardian journalists in the roolm as I gave a talk at the Offshore Alert fraud conference today and so I made a point of making a few points about how corrupt and useless the deadwood press was. It was just too good an opportunity to miss.
2762 days ago
I start this podcast with a look at Avanti Communications (AVN) where I hope you ignored the ramblings of snot gobbler's colleagues at the FT and stayed short. 0p is still looking likely and I discuss the problems IIs face today. I look at Arian Silver (AGQ), a dog with fleas which has served the fat useless bastards on the board and its crony capitalist advisers well as punters have been shafted year after year. I look at Northern Petroleum (NOP) where today's dismal results tell you that it is placing ahoy AGAIN, at Petropavlovsk (POG), Galantas (GAL), Boxhill (BOX) and at Capita (CPI),
2810 days ago
Shares in Avanti (AVN) peaked at c50p following the reports in the FT that Inmarsat (ISAT) might have considered a 140p bid, a claim that seems ludicrous given the fact that Avanti is drowning in debt and needs a refinancing within weeks or it is tits up time. The shares have now drifted back to 37.375p today. Folks are starting to panic...perhaps they have looked at the bonds.
3056 days ago
In April 2014 I visited the Athens headquarters of Globo (GBO) to shoot some photos and record a uber-sceptical video as you can see HERE. At the time most Bulletin Board Morons were big Globo fans and I was derided as a mad stalker. Then a few weeks ago we exposed Globo as a fraud HERE whiler the rest of the gutless British press - notably snot-gobbler Dan McCrum at the FT - sat silent until the shares were suspended. Today I thought I'd pop along to see what was left. The answer, as you can see from the photos below, is nothing. Compare these photos with my last lot HERE. Globo's headquarters are walking distance from those of InternetQ (INTQ) and so I recorded a Globo special video which is is also below.
3358 days ago
At 8.47 AM on 12 February I published a bearcast (HERE) with devastating new material on Quindell and Ingenie. As a courtesy I, at once, emailed a link to journalists who had followed this fraud including Paul Murphy and Dan McCrum of the Financial Times.
After noon on 13th February McCrum then ran the same story as his own giving no attribution. It was apparently his scoop - HERE.
This has been flagged up on the FT’s website with Bryce Elder of the FT weighing in saying that it was an FT scoop, they were working on it for a long time as “proper journalists need tome to check facts etc”. Fine but who ran the story first????
Mr Elder has form when it comes to lying in print.
3359 days ago
Sorry for the delay. Note to scumbag FT writers - if you wish to lift anything in this Bearcast please give an attribution rather than claim it as your own scoop. Dan McCrum you know what I am talking about. I know you work for the FT but that does not mean you HAVE to act like a total wanker. In today's podcast I discuss a chat with Mark Slater on China and various other matters, commodity prices, frauds, Verdes, Mosman Oil & Gas, Northern Petroleum, Aoerama Communications, Gowin New, JQW, Shaft Sinkers and Mariana (a scoop there if you want to steal it as well McCrum you wanker)
3439 days ago
In response to a number of requests I have created another Quindell (QPP) downfall video featuring all your favourite characters in this gripping tale: Rob Terry, Laurence Moorse, Cenkos, Equities First Holdings LLC, Steamy, bullyboy lawyers Schillings, Canaccord, Daniel Stewart, foxy Bex at Redleaf PR, Paul Murphy and Dan McCrum from the FT, the FCA and of course the press chearleaders for the bulls, Shares Magazine and Zak Mir.
My last Quindell downfall video was recorded when the shares were 138p. You can watch it here.
The shares are now 69p.
3575 days ago
I note that the FT is now getting it in the neck from Bulletin Board Morons for running articles on Quindell (QPP) and other POS Aim stocks which are deemed not to be “balanced.” Welcome to the club ladies and gentlemen.
Financial journalists should take a view on any given stock. If a publication served up a stream of articles concluding “we don’t know” or “hold” then you have to ask what is the point? We should say whether any stock is going to go up or down.
If a publication consistently gets it wrong then market forces will dictate that it perishes. No-one will bother to follow its advice or read it and it dies. Those whose who take a view and get it right more often that they get it wrong (no-one apart from Bulletin Board Morons gets it right ALL the time) will survive and flourish.
Financial journalists have a duty
3597 days ago
My new best pals are Henry from the FT and investigative business reporter John from the Sunday Times. They too were both excluded from the Quindell (QPP) AGM.
Neither had ever been excluded from an AGM before. Both are pissed off
3597 days ago
And then myself and the chaps from the FT and the Sunday Times were also booted out of the building. Not even allowed to wait to interview folks coming out of the AGM or management as they left. Why is Quindell (QPP) running so scared?
3597 days ago
Thanks to Quindell (QPP) excluding me and also the Fleet Street guys there were very few questions at the AGM which would have troubled Rob Terry greatly. What did we actually learn from what went on there and from the accompanying trading statement?
One thing I learned is that Fleet Street is now very bearish on this company. PR bird Foxy Bex now refuses to answer any tough question she is posed whether being harangued by me on video or asked politely by the nationals. The FT, The Times and the Sunday Times all sent reporters to the AGM and all were turned away. I spoke to all three yesterday and they are not bullish. The editor of Questor on the Telegraph is a total bear. He did not turn up at the AGM because when he tried to go to the last “Teach-In” he was barred. What is Quindell so afraid of?
3807 days ago
My good friend Dominic Picarda may look like a debt collector with menace but as a columnist on the Chronic Investor and Financial Times he has a great reputation as an expert on technical analysis and spreadbetting. He is of course a speaker at the UK Investor Show on April 5 and we have THREE books by Dominic to give away free to Shareprophets Readers.
The first is an Dominic’s top 5 trades for Q4 2013 ( ie now). The second is Dominic’s Beginners Guide to SpreadBetting. And the third is Dominic’s Guide to Pair Trades.
You can order one or all of them for free HERE.
We have just 500 booklets to send out. So if you want one ( two or three) order NOW HERE
Tom Winnifrith
