2130 days ago
The 3Xs are the fraudbusters best friends. In this case it was one of Julie Meyer's 3Xs and a new source. we chatted for just under an hour. More to follow. Oh dear, poor Ms Lingerie on Expenses MBE. In the podcast I look at UK Oil & Gas (UKOG), Purplebricks (PURP), Frontera (FRR), FastJet (FJET), MySquar (MYSQ) - where I have again contacted John Meyer urging him to get off his fat arse - Andalas (ADL) and Magnolia Petroleum (MAGP). The good news is that sponsorship of the walk I'm doing with Brokerman Dan for Woodlarks is now, with gift aid, at almost £11,000. I explain here why this walk makes the difference bewteen Woodlarks having to cut services or carry on, please do give a tenner today. Think of my pain - not least in having to hear Dan talk total bollocks about Andalas for whole day - and COUGH UP HERE.
2145 days ago
The reference to scumbags John Belliss and Gavin Burnell is explained in full in this podcast which covers CyanConnode (CYAN), Audioboom (BOOM), Magnolia Petroleum (MAGP), Revolution Bars (RBG), Peter Schiff and the economy, AIQ (AIQ), Tern (TERN) and Haydale (HAYD). Both Brokerman Dan and I are now training with blisters. This weekend I move up to a 14 mile walk ahead of our 32 mile July 28 stroll for Woodarks. Thanks to all who have sponsored us. swe have now raised more than £8,000 with gift aid and are at 34% of our target. To those 90% of you listening who have not pledged, surely you can spare a tenner. You can donate £10 HERE.
2152 days ago
This podcast is not about Julie but I just pass on a conversation with a PR man for your amusement. Instead I look in detail at Autyns (AUTG), Magnolia Petroleum (MAGP and the end of its dead cat bounce, and three placings and the resultant aftermarkets: Optibiotix (OPTI), Premaitha (NIPT) and Microsaic (MSYS) and what that says about companies that can exclude Primary Bid. Is it really so bad? Finally, Paul, the idiot from Luton, has sent me £20 and 5% of Bearcast listeners have donated to the Woodlarks charity walk but 95% have not! To those who have donated I say thank you. To the rest, I know you can afford a tenner. Please follow Paul the Idiot from Luton and cough up now HERE
2152 days ago
Set to delist from AIM, drowning in debt, burning cash, run by the poltroon Rita Whittingham with her love of a bloated pay cheque for herself and family members, Magnolia Petroleum (MAGP) was already the laughing stock of the AIM Casino. But today it took its incompetence to a new level. At 1.43 PM it announced...
2157 days ago
In today's bearcast I look at Mysquar (FRAUD), UK Oil & Gas (UKOG) and its latest spoof, Dignity (DTY) where I have grave concerns, Magnolia Petroleum (MAGP) and its dead cat bounce, Pantheon Resources (PANR) where it's placing ahoy and at Mirada (MIRA) where I fear the worst. Sorry Matt Earl. Brokerman Dan says that if we raise our target £20,000 for Woodlarks with our 30 mile charity walk on July 28 he will do the last mile in his underpants. We will have cameras on hand and splash it all over the internet. Thanks to all who have donated but 95% of bearcast listeners have yet to do so although we are already 23% of the way there. So please donate a tenner each today HERE
2166 days ago
Oh well that will keep me happy for the next few days. What fun. Before I go on, more than 1000 folks will listen to this bearcast. I know you can all afford to donate £10 to Woodlarks for my sponsored walk - please do so HERE and NOW otherwise I shall have to keep reminding you every day up until 28 July! On today's podcast I discuss Ms Lingerie on Expenses and the UK honours system, Magnolia Petroleum (MAGP), Optibiotix (OPTI), Paternoster Resources (PRS), Physiomics (PYS), Brave Bison (BBSN) and Paternoster Resources (PRS), home to Amanda Van Dyke.
2166 days ago
I have repeatedly warned against investing in Gavin Burnell of Globo infamy creation Magnolia Petroleum (MAGP). Drowning in debt, burning cash and paying vast sums to CEO Rita Whittingham and her ghastly relatives on the payroll this is a dog. Today the company says that it is going to try and sell some of its (crap) assets and to save £100,000 it will delist from AIM. It could save far more by firing its deadwood staff. The shares have plunged 65% and are now just 0.6p to sell. But you should sell. SP Angel guru, the City's No 1 oil analyst Zac "The Knife" Phillips sums up this farce perfectly.
2200 days ago
I start with a discussion of my drinking problem. My problem being that I just cant take it anymore even though this is the week when I am plied with booze. I then move onto humourless bastard lawyers, specifically at Pinsent Masons. Then I discuss AIQ (AIQ) - its share price is madness and I'm out. Its been a hoot fellas and will pay for my holiday in Sweden next week. Then Gattaca (GTCA), IDOX (IDOX), Magnolia Petroleum (DOG), Amur Minerals (AMC) and finally Challenger (CHAL) and its problem with a company I have renamed Star Rectum. If you like bearcasts then remember that at UK Investor on April 21 - THIS SATURDAY - one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH. ORDER NOW and we cannt post but will email you a ticket tonight.
2246 days ago
Following the sad demise of Beaufort Securities yesterday one chap looking for a new job is Gavin Burnell, the man who brought the fraud Globo to market and made a killing as one of its NEDS, the man who brought you uber dog Magnolia and whose CV is a resume of shareholder value destruction. Natch he was an obvious candidate to work in corporate broking at a place like Belfort but where will shamed Burnell go next? You can win a bottle of champagne in our new prize contest.
2328 days ago
In Today's bearcast I look at ValiRx (VAL) whose CEO I actually like and at my portfolio, am I worried no? I comment on what Nigel Somerville is up to today which is bad news indeed for Larry Cummins of Black Cactus and Milestone (MSG) infamy. I look at Ambrian (AMBR), The People's Operator (TPOP), Magnolia Petroloeum (MAGP) and how it legged AIM over yet again, at Physiomics (PYC) and finally in depth at Lombard Risk Management (LRM) where the curse of Phil "InterX" Crawford looks set to strike again.
2375 days ago
Sadly it is half term so that weekly treat with Joshua is postponed for another seven days. Instead I look at Magnolia Petroleum (MAGP) as its shares hit new all time lows: boy that share consolidation worked well did it not? Then it is onto Challenger Acquisitions (CHAL) which is utterly fecked but why is boss Mark Gustafson not filling his boots with shares at 1p when he bought so ostentaiously at 20p+? Then it is onto Cloudbuy (CBUY) which needs to fess up on its cash position, or rather lack of it. En passant I cover the spoof at On Line (ONL) and also revisit my earlier piece on AIM going underground.
2391 days ago
Lifestyle company Magnolia Petroleum (MAGP) has started the ramp ahead of its next bailout placing with news of a share consolidation. It may fool some fools but not the City's No 1 oil analyst, Zac "the Knife" Phillips of SP Angel who is at his waspish best and opines:
2408 days ago
I start off with a cheque received for 29p. Then as we see the Purplebricks (PURP) share price start to melt I look at hard maths and explain why the shares will collapse from here. I look at the Rose Petroleum (ROSE) placing, misleading comments from worthless crap Strat Aero (AERO), dismal interims from shamed lifestyle company Magnolia Petroleum (MAGP) and then at Intelligent Energy (IEH) which looks like a zero in waiting.
2489 days ago
Another one off - this time recorded with my three legged cat Oakley. I am so angry. I touch on MySquar (MYSQ) and what it says about the AIM Casino as a follow up to today's pieces HERE and HERE. But the main focus is on events at Magnolia Petroleum. I give chapter and verse on why CEO Rita should have been fired and what it says about the AIM cesspit that she was not. I discuss today's deal which saves her and expaian why it will not save Magnolia (MAGP). I give your hard data on its impact on cashflows and on the balance sheet. This POS is toast but Rita and her Nomad make me want to barf.
2497 days ago
As we saw earlier as I relayed the sordid take of Rita, her brother and Belle Trace, not so lovely Riita Whittington, the shamed and embattled CEO at Magnolia Petroleum (MAGP) entered a service contract with her employer on 11 November 2011. On 2nd June 2017 the company received a GM request to, inter alia, fire Rita. So what to do?
2497 days ago
At a number of levels this is critical and adds to the, already compelling, case for diching Rita Whittington at the forthcoming Magnolia Petroleum (MAGP) GM. Putting family on the payroll is bad enough, operational failure & misleading statement after misleading statement are clear but this is sordid.
Rita is the “sole operator” of Belle Trace Resources - that is to say she owns 100%
2497 days ago
Less than lovely Rita Whittingham is doing her utmost to cling onto the gravy train for her and her relatives which is Magnolia Petroleum (MAGP). You will remember that there are moves to oust the proven failure and install one director from Nostra Terra (NTOG), Evan Ainsworth, and an independent director, Zac "The Knife" Phillips, the City's No 1 oil analyst. This would not be a change of control as Rita asserts since The Knife is independent, but a much needed boardroom clearout. Now to the defence document which is worthy of Jeffrey Archer. It is just low grade fiction.
2503 days ago
Earlier today i showed how Magnolia Petroleum (MAGP) has become a gravy train not just for CEO, not so lovely Rita Whittingham, but for her extended family as well. But when the operations are not generating cash how to fund the gravy train? Shimples: pump the stock with misleading RNS statements and do a discounted placing. Rinse and repeat. Want an example (for there are many)? Here goes.
2505 days ago
Earlier today I suggested that less than lovely Rita Whittingham ( remuneration $245,438 in 2015 and $303,737 in 2014) would almost certainly be ousted at the forthcoming GM - the maths look grim for her as I explained HERE. But if you were still wavering, did you know about her family on the payroll? Oh yes, this is shocking.
2505 days ago
And so the battle lines are drawn at Magnolia Petroleum (MAGP), the dash guzzling worthless AIM POS founded by Gavin Burnell of Globo infamy. On the one hand there is an overpaid incumbent board led by less than lovely Rita Whittingham and backed by an overpaid army of crony capitalist advisers. On the other side are Even Ainsworth from Nostra Terra (NTOG) and Zac "The Knife" Philips, the City's top oil analyst. Magnolia has accepted that a GM request to outs less than lovely Rita and appoint Ainsorth and The Knife is valid. So what is the voting maths?
2520 days ago
It really does not make any difference who is steering the Titanic once its hit the iceberg. Its going down. Actually that is a poor image for Magnolia Petroleum (MAGP) - think of a rubber dinghy holed in multiple places and weighed down with a crew who are both heavy - thanks to their grotesque pay over many years - and inept. I am not sure what good it would do firing Rita Whittingham and colleagues as this company will never generate a cent in free cashflow and its balance sheet is a wreck. However...
2597 days ago
This is a long podcast as there is much to cover. On the agenda: Magnolia Petroleum (MAGP), Milestone Group (MSG), Metals Exploration (MTL), Servision (SEV), Pantheon Resources (PANR), Fusionex (FXI), SalvaRx (SALV), Telit Communications (TCM) Jim Slater & PEG investing and finally the Aussie Poltroons Slater & Gordon (SGH)
2654 days ago
According to the Daily Telegraph, it is a fact that folks who use bad language are more honest than those who speak like Angels. You know where I am fucking well coming from. In this podcast I look at Fitbug (FITB), Servision (SEV), Corero (CNS), Greatland Gold (GGP), me breaking a New Year financial resolution already and also Magnolia Petroleum (MAGP)
2712 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.
2736 days ago
I am even more angry than I was on Monday. Those who have caused this are in no particular order: Reach4Entertainment (R4E), my selfish and lazy ex wife, Roger Lawson, Wishbone Gold (WSBN), Belfort Securities and whoever is responsible for the League Cup quarter final draw, I also cover in detail Avocet Mining (AVM), IGAS, Magnolia Petroloeum (MAGP) and XCite Energy (XEL)
2747 days ago
The Mrs is staying with the mother in law for another day meaning more peace and quiet for myself and Oakley and another day not to tidy up various messes that have been created. What bliss. In the podcast I discuss Kefi (KEFI), some very serious questions for the scam Highlands Natural Resources (HNR), Magnolia Petroleum (MAGP) and placing ahoy Strat Aero (AERO) as well as Boohoo (BOO) anj Asos (ASC)
2751 days ago
I start with the bust up over marmite and other matters between Tesco (TSCO) and Unilever (ULVR). Naturally the democracy denying liberal establishment bastards at the BBC blame Brexit for sterling's slide and this - I explained here why this was wrong. I explain what this battle is really about. I then look at DiamondCorp (DCP), Iofina (IOF), Goldstone Resources (GRL) and Magnolia Petroleum (MAGP). I end with a look at the AIM awards. I get really angry at this point and when the anarcho capitalist revolution arrives the 2,500 crony capitalists spending £750,000 of YOUR cash tonight merit a meeting with piano wire.
2765 days ago
Magnolia Petroleum (MAGP) has published interim results today. In this podcast I explain how to read through the horseshit and what are the real numbers you should be focussing. I explain why that makes this company not what it claims to be in any way but a totally worthless piece of Turkish just months away from insolvency.
2822 days ago
Yesterday Magnolia Petroleum (MAGP) managed to raise £250,000 to keep the lights on in a massively discounted placing. Today it has served up an operating update. Why not the other way round or was this needed to try and spoof buyers so that the spiv share flippers could sell?. It is not working as this update was ramptastic horseshit.
2822 days ago
Oakley and I are bracing ourselves for the arrival of the mother in law. Wish us luck. At least I can flee to Shipston tomorrow, my poor cat is trapped with his Pokemon. Then I look at Avanti Communications (AVN) where the shares are surging on the back of an FT report - is this bogus? I look at Messaging International (MES) where I am not interested even after the fall, Magnolia Petroleum (MAGP) and a sector read across from the dire news earlier (HERE), Scotgold (SGZ), Johnston Press (JPR) and then do some detailed maths on African Potash (AFPO) and the loan from the FD's wife which could kill it stone dead on September 1.
2822 days ago
I have warned you repeatedly (the archive is HERE) that AIM listed Magnolia Petrooleum (MAGP) is a dog with fleas that exists merely to keep its useless board in well paid employment and to provide coke and hookers money for the crony capitalists. It will never make money for shareholders. Hence today we see a laughable bailout placing. Death is merely postponed.
2830 days ago
I start with the bad news for whoever owns Fred Olsen. I think look at Octagonal (OCT), Blur (BLUR), much ramped Keras Resources (KRS), XCite Energy (XEL), Magnolia Petroleum (MAGP), 88 Energy (88E), Highlands Natural Resources (HNR), Sareum (SAR) and then a joke IPO called Widecells (WDC), which listed yesterday and is now the subject of a ramp. Feel the stem cells. No actually don't. Just sell.
2987 days ago
Last week Magnolia Petroleum (MAGP) raised enough cash to keep the lights on for a couple of months. This POS could not generate cash at $100 oil so it is not if but when it goes bust and the odds are that it will be well before June. This POS should never have been listed by the brains behind the listing was Gavin Burnell, the financier who also brought you - and cashed in on big time - the fraud Globo (GBO).
2992 days ago
As you might expect from a man on cold turkey in the nicotine department I am not in a good mood. Send me an ars-ish tweet and you are blocked, call me with a daft conspiracy theory (flip flop take note) and I curse you. I comment en passant on the Horse Hill ramping and it is ramping by David Lenigas and others. I comment on 88 Energy (88E) and on Tertiary Minerals (TYM), on Frontier Resources (FRI), Outsourcery (OUT), GTS Chemical (GTS) and Magnolia Petroleum (MAGP). And I discuss a prediction by a Nomad that 250 of the 1000 companies on AIM will disappear by Christmas so allowing me to retire which I shall do.
2992 days ago
All sorts of crap shares are going up today and some that are not crap but are just insanely overvalued. In a podcast riddled with bad langauge I discuss 88 Energy (88E), Fast Forward (FFWD), Phorm (PHRM), Hornby (HRN) and Glenwick (GWIK) among the risers and among the fallers I look at Auhua Clean (ACE), All Leisure (ALLG), Iofina (IOF), ETherapeutix (ETX), the frauds Jiasen (JSI) and Aquatic Foods (AFG) and finally I ask all the advisors (nomad, broker PR flunkies) to Magnolia (MAGP) just show shabby and dirty they feel today. If I was them I would feel sordid and ashamed. They are all beneath contempt.
2992 days ago
It was just five days ago that Magnolia Petroleum (MAGP) served up a gushing, ramptastic "operational update" neglecting to mention that it was insolvent. I warned you to sell then at 0.23p and here's why: today we saw a pitiful placing at 0.14p for spivs to flip which will keep the PLC lights on for just a couple of months more.
2999 days ago
Magnolia Petroleum (MAGP) today announced that its sole broker is now Cornhill which means that a deeply discounted placing is imminent. A ramptastic trading statement has spiked the shares by 11% to 0.18-0.23p and that may help but investors need to ask how close is Magnolia to insolvency.
3001 days ago
A wide ranging podcast starts with comments on Eden Research, Ken Brooks and the abject failure of the FSA/FCA to protect investors. Then it is onto three shite companies starting with the letter M: Magnolia Petroleum (MAGP), Motive TV (MTV) and Mosman (MSMN). I look at Circle Oil (COP), Trinity (TRIN) and Tethys (TPL) as well as Servision (SEV) where my target price remains 0p. Then a brief stockmarket lesson for the Sith Lord on what a dead cat bounce actually means and a look at Aureus Mining (AUE).
3022 days ago
I warn you that this podcast contains bad language from the start as I discuss how - as a customer - I hate BT (BT.A) with a passion. I then move onto China Norfolk Taihua (TAIH), a brief Jabba the Hutt section on Solo Oil (SOLO) and LGO Energy (LGO) and a look at SeaEnergy (SEA). Oil disasters dominate the fallers and in that vein I cover Petroceltic (PCI), MX Oil (MXO), Iofina (IOF), Magnolia Petroleum (MAGP), Bahamas Petroleum (BPC) and Range Resources (RRL). I also have a butchers at the fun and games at Altona (ANR).
3028 days ago
Paul Scott may be Britain's top share blogger but today he served up the sort of grotesque factual innacuracy which would put David Lenigas to shame. I start on that matter and Birthday communications with the younger generation. Then it is onto Afriag (AFRI) - Incoming! Watch this space. Then to Boohoo.com (BOO), Aquatic Foods (AFG), MX Oil (MXO), Magnolia Petroleum (MAGP), CIC Gold (CICG) and London Capital (LCG). I also mention, en passant, Kefi Minerals (KEFI)
3031 days ago
I start by explaining to Zak Mir what a dead cat bounce actually means. That brings me to Golden Saint Resources (GSR). Then there is a detailed analysis of the worthless POS that is Magnolia Petroleum (MAGP), comment on why Wildes is so wrong on LGO Energy (TOAST), on Sports Direct (SDI), Premaitha (NIPT) and finally on Games Workshop (GAW) and Mysale (MYSL). I also continue pointing out why lunatics like George Ferguson the barking mad Mayor of Bristol, only serve to make retail stocks even more of an avoid.
Warning: bad language alert.
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
3131 days ago
A few reflections on the AFCE Fraud conference today at which I spoke and on the Boohoo (BOO) supper with Paul Scott last night. Then onto Daniel Stewart, Caza (CAZA), LGO Energy (LGO), Wandisco (WAND) and Magnolia Petroleum (MAGP). Then the fire alarm went.
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
3722 days ago
AIM listed Magnolia Petroleum (MAGP) used to be a bit of a Bulletin Board darling as its shares soared to 6p plus. The shares are now 2.2p, the house broker reckons they are worth 4.2p but a £20 million price tag really seems far too high for me. I’d sell now and look elsewhere. Sorry to enrage its devoted Bulletin Board followers but here are 10 reasons why.
