165 days ago
First up, after I nudged Paul Staines (Guido) we did get that hat tip as you can see HERE. Cheers Paul. I then look at Babcock (BAB), Boatman Capital and the corrupt deadwood press, Minoan (MIN), the fraud Zoetic (ZOE) and its missing results, Kefi (KEFI), [email protected] Capital (SYME) and the missing shares and then at MyHealthChecked (MHC) where I expect the shares to zoom within weeks but which is causing me to spit nails.
1027 days ago
In today's bearcast I look at Minoan (MIN) as Richard Jennings of Align threatens to call an EGM, at RockRose Energy (RRE) and Independent Oil & Gas (IOG), RedT Energy (RED), SpaceandPeople (SAL), Majestic Wine (WINE) and at Motif Bio (MTFB). If you enjoyed this, almost 100% profanity free, bearcast, follow a bloke from the Grim North who donated enough to buy a whole house in the welfare safari and support the Rogue Bloggers for Woodlarks HERE.
1193 days ago
Tom Winnifrith writes: Held at the offices of morally bankrupt, journalist smearing, lawyer bastards Pinsent Masons, aka an ethics free zone, the AGM from Minoan (MIN) contained a statement from boss Christopher Egleton which can best be described as “unusual”...
1214 days ago
In today's bearcast I look at the danger of a stockmarket crash in light of a tweet from the great Donald Trump earlier today. I cover N4 Pharma (N4P), cue smutty schoolboy jokes as its shares flop, and then I take a detailed look at today's news from Minoan (MIN). If I was a shareholder I would be seething but should I be selling?
1487 days ago
I am still livid about matters concerning my wife's place of work and with it showing no sign of movement I have today discussed the matter with my lawyers. Bah fucking humbug, there is no seasonal goodwill from me in 2017. In this podcast I discuss Inspirit (INSP) at length also Falanx (FLX) - shares in which we own - Low & Bonar (LWB), Minoan (MIN) and Gotech (GOT), formerly Guscio.
1490 days ago
I am livid about something not stockmarket related so the season of goodwill is cancelled in this house. On the agenda today: Earthport (EPO), Audioboom (CRAP), Minoan (MIN), Fishing Republic (TOAST), the quoted CFD providers, Telit (TCM) and Stanley Gibbons (SGI).
1746 days ago
There seems to be a lot happening and as a result this bearcast comes to you from Shipston. I will head back to London later tonight and hope to see you all at UK Investor Show tomorrow. Pro tem I comment on Corero (CNS), Minoan (MIN), Amryt (AMYT) and Wishbone (WSBN) - we own the last two on that list and are very happy to do so. I also comment on allegations made elsewhere by the "share blogger of the year."
1757 days ago
The Mrs (on maternity leave) is off galavanting somewhere. Eight days ahead of UK Investor, the busiest time of the year, I am babysitting. I am such a god damn frigging feminist. Anyhow I record this in terror lest Joshua wakes up. In today's podcast I explain why you cannot finesse a trade on a fundamental play and discuss Minoan (MIN) and Wishbone (WSBN) in that vein. I look at Digital Barriers (DGB) the latest triumph from Cloudtag (CTAG) moron in chief Liam Nichols. I discuss Tethys (TPL) which like Cloudtag is soon to leave the AIM Casino, Nyota (NYO) and London Capital (LCG).
1839 days ago
Minoan (MIN) has been something of an AIM uber-dog for many years. It is a stock that I have tipped with success once and with lack of success more than once. Its failure to deliver on gaining planning consent on its Cave Sidero site in Crete over more than a decade is perhaps why its shares languish at 6.25-6.5p. But 2017 will be THE year.
1955 days ago
I start with an update on the baby, the frigging cot and that smug bitch on the internet. Then it is onto Optibiotix (OPTI), Minoan (MIN), Nighthawk (HAWK), Strat Aero, (AERO), Botswana Diamonds (BOD), a grammar lesson for the City's top oil analyst and finally a new golden rule for shares: the inverse relationship between the number of homophobic lunatics on a shareholder list and the long term prospects of a company. I refer of course to, drowning in red flags, Cloudtag (CTAG)
2074 days ago
In this podcast I start with Baby Bear, Graham Neary, and why he is wrong on Fastjet (FJET). The trouble is that he is being too nice. Baby, try to remember that we bears are meant to be complete and utter bastards. I then discuss my own Greek planning woes and those of Minoan (MIN). Then it is onto e-therapeutics (ETX) and today's RNS which stinks to high heaven. This is now an A1 bargepole stock. I then cover Atlas African (AAI), Andalas (ADL) - what price the next placing? - Hague London (HNL) and MX Oil (MXO) again what price its next placing? 0.1p looks about right to me.
2111 days ago
Okay this reasearch from Equity Development is paid for and so it is unlikely to be headlined "screaming sell" but I happen to think ED is among the better of the paid for researchers (its all relative) and this report on Minoan (MIN) is logicaly coherent. It sets targets for the shares, now 9p, of 21p (short term), 41p (medium term) and 61p long term.
2723 days ago
Yesterday Minoan (MIN) announced its results for the six months ended 30th April 2014 – significantly noting that the growth in the trading performance of its travel & leisure business continues and that with its Greek “project in Fast Track and all the necessary reaffirmations of support in place both from the Local Municipality and the Greek Government, we are progressing talks over the summer with a number of third parties who have expressed an interest in participating in the project once the Presidential Decree has been granted”. But I was a tad disappointed. Here’s why.
2786 days ago
On 19th May shares in Minoan (MIN) traded at 16.375p on the AIM Cesspit. Then they started slipping and slipping and closed yesterday at 13.625p. Today a placing is announced at 12p. What do I conclude? That crony capitalists in the City are not content with buying stock at a discount but that they also engage in insider dealing. They break the law. Will the FCA do anything to stop the fuckers? What do you think?
Here is what happened. Minoan wanted to raise money for working capital and to buy bolt on Travel & Leisure businesses. It has targets and I expect news soon. It has a debt facility it can use but that has a warrant structure attached which makes it even more dilutive than a placing and so it asked its broker WH Ireland to tap up a few funds to buy stock at a discount. That process started in earnest last week.
The sort of folks
2813 days ago
I have not written about AIM listed Minoan (MIN) for a few weeks but my recent Greek trip prompts me to make a couple of observations. Bullish ones for the record.
2849 days ago
My weekly video postcard is longer than usual as I will probably not record another for two weeks.
I am now 100% focussed on preparing for the UK Investor Show on Saturday April 5 and I touch on what I am looking forward to next week most, notably the shareholder activism session. You can still grab one of the last 50 seats going by clicking HERE.
After that I am off to Greece and I shall be sending back a few videos from a country which, I shall argue, has suffered both from being in the Euro but also from EU membership.
In that vein the meat of this video postcard covers the three reasons why, holding my nose, I shall almost certainly vote UKIP on May 22nd.
Tom’s weekly financial postcard covers Minoan, EMED, Globo, Gulf Keystone and more on the UK Investor Show. To watch that video click HERE
2859 days ago
Praise the Lord that I am in Bristol not London today as various other folks are right now stuffing envelopes with letters, tickets, full speaker line up details as we start to post out tickets to the UK Investor Show on April 5 in Westminster. All tickets ordered as of today will be sent by last post Friday with most going out TODAY.
With 44 big name speakers lead by Nigel Wray, Ben Edelman, Vin Murria, Terry Smith, Evil Knievil and Lucian Miers the show is known as the UK’s Number One Investor Show. The full list of presentations can be found HERE.
There are also 90 growth companies attending not only manning booths but also in most cases doing 20 minute presentations for those really interested. Ranging from Advanced Computer Software, to Minoan, to Leni Gas & Oil, to Amara Mining the full list can be found HERE
We still have 10% of the seats available so if you wish to join 1,500 other active investors in London on April 5 please book your seats NOW HERE
I hope to see many readers of this blog in Westminster on April 5
2865 days ago
I have used Minoan (MIN) before as an example of how market makers operate. When I pointed this out before (HERE) I was told that they provide liquidity. No, they just manipulate share prices to ensure that they make enough money to pay for the cocaine and hookers this weekend. The transparency is obvious.
Shares in Minoan moved ahead sharply this morning on the back of reports
2880 days ago
Is the bid offer spread and the movement on that spread a reflection of underlying buy/sell demand in a stock? You would have hoped so but it is not. Market makers move prices to suit their book not to reflect underlying demand. My case study here is Minoan (MIN).
3341 days ago
AIM listed travel leisure and property group has not been one of my better share tips from my days at t1ps but news out this week points the way to it being, potentially, a great recovery play for 2013. At 8.375p the company is now valued at £12.6 million. That does look far too low for me and this is why.
3378 days ago
I need little reminding that I tipped AIM listed Minoan (MIN) at 87p back in January 2007. The shares are now 10.5p (even after some interesting news today). This has been a stinker but is now starting to come right and the shares really are very cheap indeed. And here is why.
3404 days ago
After years of waiting AIM listed Cretan property play/travel group Minoan (MIN) has finally got within spitting distance of getting planning consent for its Cave Sidero in Crete it announced today. Better late than never. Talking of which the news actually came out in the Greek press yesterday. Some subscription tipsheets will respond to the news. My twitter followers knew 24 hours ago as I tweeted out the link. Follow @tomwinnifrith to be ahead of the curve…
3468 days ago
Even the most deluded of Euro-loon now concedes that Greece is bust. It is a theme I have covered once or twice in recent weeks as your man on the spot. It is a hard job having to report on the economic crises, live from various beaches, heaving with bikini clad Swedish blondes across the Med but someone has to do it and but I have manned up to take on the mantle for a couple of months and so far I am bearing up. Gosh, the heat, the swimming pools, the blue sea, the “views” on the beach, the great sea food and salads. It is a dreadful burden. By the way how is the rain back in Blighty?
Officially the fat pie eaters (aka whichever crooks are in Government here at the moment) are still talking to the Troika etc about austerity measures they will implement in return for the next bailout. But…