19 days ago
At 9.07 PM last night I revealed here that Applied Graphene Materials (AGM) was working on a placing, trying ( I stress trying) to raise £3 million at just 2p as against a 10p bid price. I flagged my piece up to the PR bunnies at Hudson Sandler and so ensured they all had a late night as today there is a response to comment on “an article published on the ShareProphets website on the evening of 7 November 2022 regarding a possible equity raise.” Timber!
47 days ago
With serial failure Richard “horseface” Horsman as chairman since its 2016 IPO, Toople (TOOP) has always been a disaster and I have always been a bear. The CEO changed regularly but the pattern of cash guzzling underperformance was always the same. Oh, and it also lied to investors as I showed most recently, HERE. That is never a good sign. Today the Fat Lady has arrived bringing a bottle of ouzo for the Sheriff as she gets read to sing with the loser Horseface.
65 days ago
Fake Sheikhs (two of them), legal rows, management largesse, ADM Energy (ADME) has had the lot. While it might have provided neutral observers with a barrel of laughs, for those poor mugs who ignored the numerous warnings on this site it has been less than rewarding. Under various names ADM has destroyed 99.8% of shareholder value since it darkened London’s doors back in 2014. Of course numerous directors and crony capitalist advisors have coined it in but shareholders – apart from the first Fake Sheikh as he pumped and dumped – have all been screwed. Today we have more bad news.
130 days ago
Shareprophets has previously raised criticism of Alpha Growth’s (ALGW) accounting high jinks HERE. But it gets worse. Far worse. And once again it is PKF Littlejohn as auditors which is enabling this travesty of accounting propriety.
245 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.
257 days ago
Okay, Ms Lingerie on Expenses is fleeing a High Court arrest warrant and facing a six month jail term as well as an FCA Criminal enquiry but you can’t keep the old crook down. Now she reveals on Twitter that she is to sue the Queen’s lawyers, Farrer & Co, and partner Julian Pike for £150 million. Don’t spend it all at once Julie… I see that having branded ShareProphets a terrorist organisation she now says Farrer is a “Terrorising Legal Organisation.”
286 days ago
A number of readers have noticed that their comments on the comments platform here are being liked by good looking birds and wonder if these birds want to hook up with them. I am afraid not, this is a Cupid style scam affecting the whole of disqus not just this one small website.
295 days ago
I guess you are all feeling a bit shafted right now and are wondering who to blame and what to do next after today’s debacle. Contrary to what you might read on certain Bulletin Boards I do not celebrate the pain of most Omega Diagnostics (ODX) shareholders, just those who abused and insulted my 100% accurate warnings of the bailout placing and other matters. For those chumps, it is schadenfreude all round. So what should you, as an Omega shareholder, do now? I answer that question and them discuss the legality of my reporting and indeed the morality of the reporting plus I explain exactly who shareholders should be angry with on a number of matters and why. Enjoy. My regular daily podcast, behind the paywall, will go live later today. If you are not yet a ShareProphets subscriber and do not want to get caught out again as you have been today, you can rectify that HERE
355 days ago
Let’s start with a positive. Versarien (VRS) now separates its revenues and losses between graphene and non-graphene business as we have long suggested it should do. This avoids the need for Shareprophets to undertake an annual visit to Companies House to perform the analysis to reveal the low ongoing graphene sales and the scale of the losses that are being racked up in this business.
362 days ago
After admitting to Nicho the Communist our day one harvest of 3-4 bags, we at least started day 2 with a full quota of four harvesters following the arrival of B. His passport photo makes him look like a strapping member of the Waffen SS but he is in fact a charming fellow who speaks a lot more Greek than I do. Once again, the weather was unhelpful.
376 days ago
It costs £5.99 a month to access ShareProphets and that is a bargain I hope anyone interested in fraud busting takes up here. But unintentionally I may have insulted all victims of brutal Christian imperialisam, aggression and mass slaughter. I can only apologise.
405 days ago
Tintra (TNT) continues to pump out new RNS announcements. Some are bollocks and a spoof, but one vindicates a major thrust of my attack on this POS.
446 days ago
Once again we get an RNS reach from spoof company Online Blockchain (OBC) run by the same gang who run ADVFN (AFN) which put out its own comedy release today as discussed in bearcast HERE. But this one is so special it needs a full translation service. The translation is in bold.
467 days ago
The writers on this website have warned folks that Prospex Energy (PXEN) is a dog with fleas so I hope that none of our readers are invested in it. But for those who are unlucky and unwise enough to own the shares ( because, as ever, they always know better than those tossers at ShareProphets), there is now an unenviable choice of management.
476 days ago
The good news is, and I thank so many generous Shareprophets readers, that Ian Westbrook has – as you can see here – raised £20,000 and so, in January, the loathsome pig Neill Ricketts will get to sweat in Court. I shall be preparing my deposition for Ian’s barrister next week. Natch the Bulletin Board cultists were driven to a frenzy of rage by this.
546 days ago
It is ouzo on cornflakes time again as I warned you so many times that this would end in tears. Huge liabilities, dodgy related party deals by TWO management teams, not a cat in hell’s chance of generating cash, yet as ever the Bulletin Board Morons knew better. In recent weeks, they had the “big mo”. But gravity cannot be defied forever and at 6.39pm on Friday night, Iconic Labs (ICON) released the following RNS statement:
634 days ago
s the Zoetic (ZOE) owning moron really responsible. Clearly he does not believe in a free press, hates me and boasts of it. But we are under a massive attack which is a bit of a distraction. Elsewhere I look at the bonkers turn of events at Umuthi (UHS) and speculate why the FCA has suspended the shares.
634 days ago
Folks owning shares in frauds or Bulletin Board Morons always, for a time, crow at the stupidity of ShareProphets as such stocks, like shooting stars, can rocket before the final collapse. Natch shareholders do not see this. They are convinced that ShareProphets and its writers are shorting, which we are not and that temporary share price strength is a sign that they are right. Here, for such folks, is a tweet from a moron called Spencer Freeman who used to plague me seven or eight years ago.
638 days ago
Well you heard it here first. Actually you did not.As you can see below this report comes from an impeccable source: twitter where Jack Dorsey et al ALWAYS act to censor fake news so you can rely on twitter to give you the truth. Perhaps that is why 26 folks liked this tweet and 1 has retweeted it. Sadly for those 28 losers ( the author, RT and likes) this is demonstrable fantasy.
[email protected] Capital (SYME) shares were suspended by the FCA at my instigation, firstly for failing to publish accounts on time after it changed the year end to cover up lies it had told. And then as the FCA started investigating those lies and many others, most notably its fraudulent prospectus in which it overstated net assets by 99% and its bogus 2020 interims in which it booked fake sales and its RNS of 28 September 2020 announcing more fake sales and director share dumping on the back of those lies.
658 days ago
Following its shocking lack of 2020 AND 2021 profits and disappearing cash warning on February 1, Bidstack (BIDS) is close to running on vapours with net current assets set to go negative by the end of May and cash set to run out before then. Oh dear. What to do? Ramp the shares ahead of a discounted placing from the Nomad and broker which signed off on the grossly misleading pre-Christmas trading statement, Stifel.
664 days ago
As the BBC and most in the City recognise, it was this site which exposed disgraced fund manager Neil Woodford with more than 1,000 articles, podcasts and videos starting in 2015. Now we are working with law firm Harcus Parker as the outfit most likely to get redress for victims and quickly. And here is why.
701 days ago
Between December 24 and January 3, the entire team here at ShareProphets is serving up our tips of the year (22 in total). No 22 is a buy from Tom Winnifrith.
701 days ago
Between December 24 and January 3, the entire team here at ShareProphets is serving up our tips of the year (22 in total). No 21 is a buy from Tom Winnifrith.
703 days ago
Between December 24 and January 3, the entire team here at ShareProphets is serving up our tips of the year (22 in total). No 20 is a buy from Tom Winnifrith
703 days ago
Between December 24 and January 3, the entire team here at ShareProphets is serving up our tips of the year (22 in total). No 18 is a buy from Tom Winnifrith.
703 days ago
Thanks to reader Paul we have an answer. Normally companies presenting at such events, as they pay to do so, do not always deliver in terms of share price gains. In fact Ed Croft of Stockopedia claims they always do the reverse, they underperform. That would be unlike big calls from Stockopedia, which tipped Wirecard as a storming buy 2 days before what was obviously Europe’s largest fraud went tits up and also said Quindell was one of the cheapest shares on AIM. Did I mention Globo, Ed had that as a big buy too before it became a zero. Anyhow back to our show in May…
704 days ago
Between December 24 and January 3, the entire team here at ShareProphets is serving up our tips of the year (22 in total). We now reach No 15, a buy from Tom Winnifrith & Steve Moore from their N50 website.
707 days ago
We still have three days left in 2020, so I may pull out a spectacular Bearcast that disrupts this list. Barring that, these are the twenty Bearcasts that delighted and infuriated ShareProphets members the most. The free riders amongst you have no idea what you are missing out on.
709 days ago
Between December 24 and January 3, the entire team here at ShareProphets is serving up our tips of the year (22 in total). No 8 is a collaborative buy from Tom Winnifrith & Steve Moore on their N50 website.
710 days ago
Between December 24 and January 3, the entire team here at ShareProphets is serving up our tips of the year (22 in total). No 6 is a buy from Tom Winnifrith.
725 days ago
Little Brian is a comic genius. His company may have been booted off two markets junior to AIM for gargantuan regulatory breaches but USOP, once ramped to £500 million, struggles on raising money as a private company. And so it still issues releases to sucker in more investors. They are a scream. Little Brian has won the highly contested “ShareProphets CEO fantasist of the year” several times in the past few years and with a release today, he must be a very strong contender for 2020.
745 days ago
I discuss a metric which for a private company, like ShareProphets, is meaningless. We do not seek to impress investors just to pay bills! I have a few words on life at the Welsh Hovel. Yes, Jayarani is eating into my sleep. Then it is onto Telit (TCM) and finally a discussion with Pierotlunaire on research notes and blackout period prompted by the WH Ireland & Pantheon (PANR) episode.
755 days ago
Two years ago after a bout of shameless ramping involving IR genius Steffi a certain Manchester based blogger and the company, shares in Online Blockchain (OBC) touched 200p at which point low life broker Smaller Companies Capital organised a £1 million placing at 100p.
782 days ago
I start with a few personal thoughts as I sit here with my father. Thank you for your kind words and prayers. Then I deal with the idea that ShareProphets and I run a shorting gang. It is libellous tosh. Then to the US election. I am almost ready to call both the Senate and the Presidency for the Dems. I called the House that way eons ago. I say almost and then discuss what that means for you and me.
869 days ago
I start with an admission that I am having PC problems which make it a nightmare recording sessions for MineProphets. to tackle this I went to Wrexham to PC World today and report on the true retailaggedon occuring here in Wales. I should be up andrunning and recording by tonight so grab your seat HERE. Then onto Boohoo.com (BOO) and thoughts on last night’s bombshell HERE. Then onto Manolete (MANO). I rebut its pathetic rebuttal HERE but in this podcast deal with its attempted PR hit job on Shareprophets which brings the spinners at Instinctif into utter disgrace.
869 days ago
Last week I published a detailed dossier on Manolete (MANO) explaining why the shares, then 515p, were worth 80p. Today the company has published an attempted rebuttal which starts with upper class twit PR scumbags Instinctif trying to smear ShareProphets. The shares are off another 15p at 395p. The PR men may find smearing journalists almost as entertaining as mutual masturbation behind the bike sheds at Eton, but the markets are not convinced. I shall deal witrh that smear in bearcast later. First why the rebutall is so weak.
892 days ago
There are some good jokes in the latest spoof version of Monopoly. It is not as good as Wokeopoly and the references to ShareProphets and the Greek Hovel I do not quite understand, but it is very well presented. Enjoy.
902 days ago
I start by mentioning this stunning piece by my hero Jordan Peterson. Then how Oxford University must bump up my degree as I feel sad. then onto the issue of excessive AIM pay with the case study UK Oil & Gas (UKOG). The crowded precious metals trade is next with reference to AIM dog Alien Metals (UFO). Finally I look at the piss poor excuses of two companies late with their annual report: Fastjet (FJET) and ShareProphets Limited.
931 days ago
I have revealed previously the three stocks I added to my pension portfolio on the back of presentations given at the ShareProphets shares show nine days ago. Now I add three more.
937 days ago
At the ShareProphers shares show this weekend carson was a star happily explaining why Burford (BUR) could be a zero. If you have not watched the great man in flying form do so here. at the same event Matt Earl, the Dark Destroyer, also weighed in. Now Carson has savaged Burford in a new dossier which I publish in full below. Explicity he accuses the company of misleading investors, noting:
937 days ago
If you missed it yesterday all the videos from the Shareprophets shares conference are now up for review and will stay there until Christmas. The content really is amazing and you can still get a ticket HERE Then, prompted by Gary Newman boasting about how he is the new Jamie Oliver, I discuss whether consumer behaviour really will change for good. Finally I look at secondary banks, bent journalism, Metro Bank (MTRO) and bid speculation.
937 days ago
I thank you fior kind comments abiout today’s show and apologise for any IT glitches. the content will remain up until Christmas so is ideal viewing for lockdown and so you can still buy a ticket HERE. I reflect on my changing thoughts on shares after chatting to all those preseting both as an asset class and from a bottom up perspective but explain why it is not completely game over for we bears.
937 days ago
The great show is almost upon us. You can still book tickets HERE and we will be upo all night processing. If you have booked but not received a ticket pester Darren on [email protected] . The videos interviews of 30 CEOs with me, six share tips from each of our writers and two dozen book reviews are up all day. But on the main stages and in the experts room speakers come on one by one so to plan your day, here is the quite amazing schedule. You really want to book a seat if you have not already. Remember all content will be up until Christmas but the chat rooms to engage with speakers are up just for the show itself. so BOOK HERE
937 days ago
Among others I interviewed this morning for Saturday’s ShareProphets Shares show was Luke Johnson. It was another cracking video which I reflect upon. Suffice to say with 85% of the content now on tape it will be a great event so get your ticket now HERE. I look in today’s podcast, inspired by Luke, at commercial property including Hammerson (HMSO) and Into (INTU) and how this all plays out. It is not quite as you may think. I also look at Catenae (CTEA) and the utter insanity at Anglo African Oil & Gas (AAOG).
941 days ago
I start with the 2 big takeaways I have had so far from recording videos for the Shareprophets Shares show on Saturday 9th May. Modestly I tell you that the content is brilliant so book your ticket now HERE. Then I look at the weekend pronouncements of Warren Buffett and say what I think he really means.
947 days ago
I start with a few reflections on recordings I am doing and how lucky I am. there have been a lot of laughs so far today and to his credit the Sith Lord Zak Mir is quite funny. Anyhow, this is all for the Shareprophets Shares Conference where the 70 hours of video content really is, and I say so myself, of a very high quality. If you like bearcast, You really will enjoy what I am producing so book your tickets now HERE. In today’s podcast I discuss the latest misguided thoughts of the one global star of the investment world not speaking next Saturday, I refer, of course, to Roger Lawson of ShareSoc, on regulation in the wake of the latest NMC (NMC) news. I then look ata clear failing where the FCA needs to act fast, Akazoo and the role of Tosca Fund. I am on the warpath.
947 days ago
I have no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH) where things look increasinly promising. Check out its new corporate presentation HERE. I start with events at Bidstack (BIDS) detailed in free to read articles HERE and HERE where one gender fluid shareholder will, I can reveal in this podcast, shortly be served by eight parties he defamed. That is 8 seperate libel cases he must fight. It should be ruinous. But why is Bidstack lying? I discuss. Then it is onto why shares in general are racing higher. Is that justified? I discuss the forthcoming Shareprophets Shares show on May 9 with its quite amazing speaker line-up. Book your ticket for 70 hours of amazing video content for just £9.99 HERE. Then I look at why Versarien (VRS) also tried to bamboozle investors over the nature of its dealings with Rolls Royce (RR). If you like this podcast and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast and enjoy our cracking writen exposes and analysis every day HERE.
947 days ago
I am absolutely exhausted. Recording videos is pretty draining. You have to remember not to pick your nose and to be alert at all times and right now I am recording four or five a day plus bearcast. That is all for the ShareProphets Shares Conference where, I promise, you will be dazzled by the content so BOOK YOUR TICKET NOW HERE!!! In today’s podcast I discuss Big Sofa (BST), Shell (RDSB), ValiRx (VAL), Catenae (CTEA) and James “Dracula” Parsons, Cheryl Cole and Ascent Resources (AST). Suffice to say only one of that trio excites me in any way.
947 days ago
Today’s recordings for the ShareProphets shares show included Gabriel Grego and Luvian Miers – almost three hours between them. In all I sense there may well be more than 70 hours of content on May 9 which will include some amazing stuff. So book your ticket now HERE.. Elsewhere the world has gone mad but it is pointless pointing that out. I discuss Catennae (CTEA), Novacyt (NCYT) and Carnival (CCL).
953 days ago
I start with the defamatory and anti semitic blog attack on me from Bidstack (BIDS) owning loon which I rebutted yesterday HERE. I have now identified the author who is not as “she” claims a female investigative journalist but is a male Bulletin Board Moron. I shall expose his identity and also his close social media links to Bidstack boss Lyin James Draper, which “she” has been trying to hide this weekend, later. When, I wonder did “she” last swap ideas with Lyin’ James? Then I look at the prick which will burst the Coronavirus testing bubble on AIM. If you own shares in Novacyt (NCYT), Avacta (AVCT) or any of the other Covid test plays watch out! Finally, I am in despair at smug Sam Smith of FinnCrap (FCAP), La Horlick and various other women determined to see taxpayers cash spunked by Rishi Sunak on gender quota lines in his start up bailout scheme. This is insanity laid upon insanity. There is no such insanity at the ShareProphets Shares Show. I am busy making recordings for it every day now, please do book your seats for May 9 HERE
957 days ago
The Coronavirus lockdown has meant the two big investor conferences have been postponed. But as a one-off alternative I have assembled the greatest ever speaker line-up for British Investor Show – welcome to the ShareProphets Shares Conference, a true online extravaganza on May 9. From both the UK and US some of the biggest names in investment will be telling you what they are buying, selling, shorting or avoiding. There are so many stars we need two main stages where you can hear:
958 days ago
I start with an admission that I am a total git. The ShareProphets Shares Conference is on 9 May (Saturday) not 8th as I had suggested. I am a git. I apologise. Please book your tickets now HERE. Then I deal with Falanx (FLX), the bearded millionaire tosser Branson trying to have it both ways, Iconic (ICON), Catenae (CTEA), my pension fund where I am si grateful to James Hay for being so useless, negative oil prices and which companies other than Nostra Terra (NTOG) will go bust and the laughable ramp at Chesterfield Resources (CHF).
960 days ago
Fear not you do not need to break lockdown. The event is online and for £9.99 you get access to a line up of stars of the investment world never seen before at a UK show. It really is all star. Carson Block, Gabriel Grego, Mark Slater, Jim Mellon, Evil Knievil, Vin Murria, Peter Hambro, Sam Antar, Adam Reynolds, Luke Johnson, me, Chris Bailey, Dom Frisby, Paul Jourdan, James Delingpole, Malcolm Burne, Chris Bailey, all the team here at ShareProphets, Matt Earl, Lucian Miers, Peter Hambro, the list goes on. As well as the star speakers there is also the Sith Lord Zak Mir and 30 PLC CEOs will also present. Doors open at 8.30 AM amd there will be chatrooms to engage with many of the speakers and each other open all day. And your ticket will give you access to all the videos right up until Christmas. The booking section of the site is secure ( see the padlock is present) and you can book your seats now & get more show details HERE
964 days ago
I have no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). Instead it is just me discussing all things Coronavirus. My own views on the pandemic and on the Government’s disastrous, GroupThink driven, response are well documented in a series of podcasts and a couple of articles on my own website HERE. my views are not the issue it is the economic and stockmarket fallout. I discuss the bubble led by stocks like Novacyt (NCYT) and why it MUST burst but also stocks to buy and why I am nervous of the market rally. If you like this podcast and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast and enjoy our cracking writen exposes and analysis every day HERE.
974 days ago
I have not got a scooby about this one so offer no advice. But if you take part in this Primary Bid offer HERE and registered via Shareprophets remember we get a small fee. I should however flag up that young Steve Moore, who was, after all, trained by a master and is thus usually right, reckons that this is another FinnCrap dog to avoid.
979 days ago
I am afraid it is true. I have today, April 1, given three months notice to ShareProphets as I have accepted an offer from the London Stock Exchange to head up a new unit tackling fraud on AIM. I cannot lie, I am doing it for the money. Marcus Stuttard has been remarkably honest in today’s release announcing the hire. The head of AIM regulation says:
987 days ago
Check out what Cathal Friel of Open Orphan (ORPH) had to say about the 24 room isolation unit his company owns in the free ShareProphets Radio podcast last week HERE. Last year the utilisation was 25%, right now it must be c100% and one can only imagine the daily rate. In light of that, an article from the WSJ is below.
1000 days ago
I have two guests in this week’s show which is sponsored by Open Orphan PLC (ORPH) .I also discuss Coronavirus and the markets an d my own experiences as a (failed) whistleblower. My first guest is Petrick Abbott, formerly head of Versarien’s US operations who sets the record straight on why he left and spills the beans on what is really happening, or not, at his old employer. Then I chat to Lucian Miers about the markets, his top 3 US shorts, Apple, NMC Health (NMC), De La Rue (DLAR), IQE (IQE), Tullow (TLW), Telit (TCM) and Versarien (VRS). I am walking 34 miles for Woodlarks with Lucian and others this June 13 and I ask you to sponsor we rogue bloggers HERE. If you like this podcast and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast and enjoy our cracking writen exposes and analysis every day HERE.
1004 days ago
I recounted, in the most recent edition of ShareProphets Radio, working for a dotcom where everyone talked about “eyeballs”, revenue well who cared about that. Big Dish (DISH) appears to live in the same sort of parallel universe. We have another trading statement where , for reasons I suspect of embarrassment, Big Dish declines to give any sales metrics.
1004 days ago
Sadly Lyin’ Neill Ricketts of Versarien (VRS) has not been in touch about my offer to record a podcast but I have a former senior executive turned whistleblower to interview instead and I shall do that tonight and it will go live, togerher with a chat with Lucian Miers in the next edition of ShareProphets Radio out soon, Elsewhere I discuss NMC Heath (NMC) and lessons learned, Zenith Energy (ZEN) and Anglo African Oil & Gas (AAOG), whether Tullow (TLW) could be a sero, Aston Martin (AML), Cobra Resources (COBR) and finally ask when Telit (TCM) will serve up a profits warning. Surely it is due.
1022 days ago
My guest in this week’s show which is sponsored by Open Orphan PLC (ORPH) is a former editor of this website Flip Flop Ben Turney. We discuss the problems with AIM, New World Oil & Gas, Nostra Terra (NTOG), touching on the mud being slung at Ben by some folks but on the real issues that company faces, on Touchstone Exploration, Big Sofa (BST) and many other matters, notably AIM PLC director expenses. I also discuss companies who switch Nomads too often. Yes that includes Versarien (VRS) and its forced change of today. If you like this podcast and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1035 days ago
My guest in this week’s show which is sponsored by Open Orphan PLC (ORPH) is my old pal, the Dark Destroyer Matt Earl. We discuss how a bear can make money in this market, Tesla (TSLA), NMC Health (NMC), Finablr (FIN), Burford (BUR), IQE (IQE) and in real detail Mark Slater, Sam Antar and Future (FUTR) in the wake of Matt’s bombshell dossier of last week. If you like this podcast and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1035 days ago
Praise the Lord indeed. Thanks to devout Christian Julie “Lingerie on expenses” Meyer we have been offered a new business opportunity. What do you all think? The email we received is below.
1041 days ago
My guest in this week’s show which is sponsored by Open Orphan PLC (ORPH) is my old pal, the Godfather of my son, the Bard of the Boleyn, Mr Lucian Miers. We discuss how a bear can make money in this market, Tesla (TSLA), Versarien (VRS), NMC Health (NMC), Rogue Bloggers for Woodlarks (please do sponsor us HERE), AFC Energy (AFC), Vast Resources (VAST), Finablr (FIN) and much more including a few of Lucian’s top US shorts. I also have a question about those who invest in frauds and who harass me and my family. If you are such a troll maybe you can enlighten me? If you like this podcast and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1056 days ago
In today’s podcast I discuss four companies: Shareprophets Ltd which is not insolvent (whatever the morons say), Lekoil (LEK) which might be, Eden Research (EDEN) which could be and should be and Telit (TCM) which is not but is still grossly overvalued.
1063 days ago
There are no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). It is just me once again sitting in the Welsh Hovel. As I note in the podcast the reason why I think Open Orphan is such a good company with undervalued shares is explained HERE. In part one I look at corporate lying citing a number of different examples and why some lies matter more than others, some are red flags but not killers others are investment case killers. Then I offer up a number of macro reasons to be very cautious on all asset classes this year. Do not believe the idea that Bojo will usher in the roaring twenties. He got my vote but that is tosh..If you like this podcast and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1069 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Twentieth up is a BUY from myself, Tom Winnifrith. I own shares in the company below.
1069 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Nineteenth up is a BUY from myself, Tom Winnifrith. I own shares in the company below.
1069 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Eighteenth up is a BUY from Malcolm Stacey who owns shares in the company below.
1069 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Seventeenth up is a BUY from Darren Atwater who owns no shares in the company below.
1069 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Sixteenth up is a SELL from Lucian Miers who is short of the shares in the company below.
1069 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Fifteenth up is a BUY from Peter Brailey who owns shares in the company below.
1069 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Fourteenth up is a BUY from Steve Moore who owns no shares in the company below.
1069 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Thirteenth up is a BUY from Nigel Somerville who owns shares in the company below.
1072 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Twelfth up is a SELL from myself, Tom Winnifrith, who has no position in the shares in both of the companies mentioned below.
1072 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Eleventh up is a SELL from Lucian Miers who is short of the shares in both of the companies mentioned below.
1072 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Tenth up is a BUY from Steve Moore who does not own shares in the company below.
1072 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Eighth up is a BUY from Chris Bailey who owns shares in the company below.
1072 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Seventh up is a SELL from Nigel Somerville who has no position in the company below.
1072 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Sixth up is a BUY from Chris Bailey who owns shares in the company below.
1072 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Fifth up is a BUY from Gary Newman who, I think, owns shares in the company below..
1072 days ago
During the first seven days of Christmas each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Fourth up is a BUY from Darren Atwater who owns no shares in the company below..
1072 days ago
Over the next week or so each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Second up is a SELL from Peter Brailey who owns no shares in the company below and is not short.
1072 days ago
Over the next week or so each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. Second up is a BUY from Malcolm Stacey who owns shares in the company below..
1072 days ago
Over the next week or so each of the team will serve up two share tips (buys or sells). I will serve up 4. That makes 20 in total. Enjoy our share tips of the year 2020. First up is a BUY from Gary Newman who owns shares in the company below..
1083 days ago
There are no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). It is just me once again sitting in the Welsh Hovel as the flood waters rise. I start with a red flags special on Iconic Labs (ICON). The company is an irrelevant and wofrthless POS but the red flags are interesting. Then it is onto a company where I demonstyrated compelling red flags six years ago but I’ve had to be patient. Finally, using Fulham, Shore (FUL) as a case study I look in real detail at why claims that company’s generate positive operating cashflow can be so misleading and why this is so important.If you like this and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1087 days ago
There are no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). It is just me sitting in the Greek Hovel. I start with the Election, move on to the odd events at Versarien (VRS), sectors deemed to be scorching hot and others where death is not yet discounted. I look at fake IPO valuations and consider a possible case of securities fraud on AIM. If you like this and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1093 days ago
We are running articles by supporters of the three main parties in Britain urging you to vote for their party. If you are some SNP supporting sheep molester or cottage burning Taffy and want to bleat about not having your say, tough. This is about parties that are serious across the UK ….and also the Lib Dems. Our first contributor was lifelong Labour supporter Brian Basham, next was writer here and recently elected Conservative Councillor Chris ‘three brains’ Bailey and now it is Woodlarks walker Jonathan Price for the Lib Dems:
1097 days ago
It is day 1 of the olive harvest and ShareProphets reader K is a hero. I swear he is a closet bubble. I give a progress report on that and then turn to Fastjet (FJET), Versarien (VRS), the useless FCA and mini bonds and the imploding and smelly ramp that is Eurasia Mining (EUA).
1107 days ago
There are no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). It is just me and I start with the idea of it’s too good to be true at Intu (INTU) and that leads me on to look in some detail at the compelling bear case against all the housebuilders and what that means for other sectors and for you and me. Then I look at the 3 most overpromoted stocks on AIM, Bidstack (BIDS), Versarien (VRS) and AFC Energy (AFC), the common themes and why shares in all three will eventually collapse. But there is a warning for the bears too. Then it is onto the up to £15 million Appbox Media, One True View scandal I exposed this week HERE. If you like this and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1117 days ago
We have been warning that Purecircle (PURE), a company once valued at a billion dollars was a disaster waiting to happen for more than six years. The shares were already suspended over the inventory fraud, now other “matters of concern” have emerged and the CEO is stepping aside pro tem. This company is almost certainly toast. City adbisors named below should hang their heads in shame and return fees, directors should go to jail.
1120 days ago
There are no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). It is just me and I start with a phone call from a young man urging me to buy a cannabis stock. Then I look at why you are bound to lose money in junior mining and hydrocarbon plays. Finally I discuss the Golden Rule of Investing: Don’t buy shares that are almost certain to go down. If you like this and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1120 days ago
This operator of 525 outlets flogging gifts, arts, crafts, toys, books and stationery raised a stonking £62.5 million at 160p, c/o crony capitalists Investec in July of last year. Just imagine the fees it earned on that deal. Coke and hookers all round. After a profits warning today shares in TheWorks (WRKS) are just 44p and the company will pretty soon be in net debt, in fact I suspect it already is. Yikes. Cue the ShareProphets National Anthem below….
1130 days ago
Oh dear, oh dear, Iconic Labs (ICON), run by toxic Dave Sefton of Anglo African Oil & Gas infamy, has issued another statement on its acquisition of the LGBTI website Gay Star News. And it is still misleading its legion of daft followers. Why cannot it get the story straight. I provide, in bold, the ShareProphets translation service below.
1131 days ago
There are no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). It is just me and I start with yet more repentance from me. Sorry if this is boring and repetitive but some folks just dont seem to get it. Then onto what the General Election means for investors. Finally a look at 5 companies which have lied/misled by act or ommission or just committed plain fraud and the common thread that links them all, well nearly all. If you like this and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1136 days ago
As Gabriel Grego recalls in ShareProphets Radio podcast 13 , the reaction to him exposing the fraud that was Bio-On on Italy’s AIM Casino was typical: evil shorters, talking to our lawyers, all part of a conspiracy by evil Jews against a great Italian company, etc, etc. The original dossier from July 24 2019 was HERE. It has not taken long for complete vindication.
1145 days ago
There are no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). it is just me, at the end of a momentous day in the world of financial services. First up I discuss Thomas Cook (TCG) and grandstanding by limp dick MPs, executive greed, the failings of NEDs and fund managers and the heroin that is debt. Then the vast bulk of the show is devoted to Neil Woodford. What went right and what went wrong and why? Why the FCA is cuplable and why Woodford should go to jail. What were the warning signs everyone bar this website ignored? Who else is to blame? Why Hargreaves Lansdown (HL.) must be broken up. What will happen to each of the 3 vehicles Woodford was fired from or quit yesterday and how much cash investors wil get back.If you like this and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1147 days ago
Neil Woodford, Britain’s best known fund manager, has today been fired by his flagship Equity Income Fund which is to be wound down. Some in the corrupt deadwood press, like the Mail on Sunday, were still praising Woodford up to the date before EIF was gated in June. Others have turned bearish over the past few months having previously drunk the cool aid. But we first warned about Woodfoird in 2015 and 1000 articles and podcasts later, we were clearlty first and our journalism has been utterly vindicated as you can see HERE. Site Editor Tom Winnifrith gave a keynote address at UK Investor 2018, in April of that year, predicting exactly what would happen and highlighting numerous red flags. You can see that video below
1153 days ago
There are two guests in this week’s show, First up I discuss the clown who runs Sirius Minerals (SXX). Then I welcome Chris Bailey. We discuss where value lies in the market and has the mood music changed, SIG (SHI), Metro Bank (MTRO), Funding Circle (FCH), the crazy share price of Diageo (DGE) and much more. Then my second guest is the legendary bear raider Gabriel Grego of Globo and Folli Follie Fame. We discuss his latest triumph Bio-On and much more. If you like this and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1158 days ago
There are two guests in this week’s show, First up I discuss recent events at Bahamas Petroleum (BPC). then I discuss sexism in the City and Big Sofa (BST) with its boss Kirsty Fuller. Then it is on to Adam Reynolds where we cover Sosandar (SOS), Optibiotix (OPTI), Big Sofa (BST), Yourgene (YGEN) and Concepta (CPT). It is during this segment that the cat and the rat feature. If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
1159 days ago
55 is too young to die. But sadly it appears that lawyer Gary Withey has passed away suddenly and of natural causes. He was a controversial figure but a friend of mine and a saviour of this website.
1163 days ago
Earlier today I revealed that Bahamas Petroleum (BPC) was trying to raise $25 million. It could not do it at 1.4p so is now trying at 1.2p and that it has had to rope in bucket shop brokers such as Novum and Cornhill shows that it is struggling. The company has responded but, thanks to Winnileaks, it has dissembled as I demonstrate with an email that has fallen into my hands as you can see below.
1163 days ago
Just one guest in this week’s show, Andrew Bell of Red Rock Resources (RRR) and The Brexit Party. we discuss UK politics, gold, AIM’s woes and Red Rock. Before Bell I look at recent bond flops and the looming liquidity crisis. After Bell I look at share options with reference to Falanx (FLX) where we shareholders have been kicked in the goands. If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
1170 days ago
Just one guest in this week’s show, which is sponsored by Yorkville, the bear raider Lucian Miers who has been doing due diligence at the coal face on the cannabis market. We discuss pot stocks and GW Pharma (GWP) in particular, the We Work flop and its macro significance, Versarien (VRS), Sirius (SXX), Tesla (TSLA), Purplebricks (PURP) and Greggs (GRG).If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
1177 days ago
In this ninth edition of the ShareProphets Radio podcast, sponsored by Yorkville Advisors, in order I chat to Antony Laiker,a friend despite being my stockbroker, a dinosaur like myself and the boss of AIM listed Vela (VELA). You may need to turn up the violume on his ansswers. Then it is onto Carson Block of Muddy Waters discussing Burford (BUR) and much else in great detail. Carson does not pull his punches and, to my mind, explains convincingly why his latest target will crater.If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
1177 days ago
I reflect on the annoversary of 9/11. I ponder points raised in today’s ShareProphets radio show with Carson Block and Anthony Laiker about bull market complacency to fraud. In that vein I use Tesla (TSLA) and the legal case below as a case study. I look at Neil Woodford’s latest £12.5 million woes answering reader feedback. I look at Catennae (CTAE), Riverfort Global Opportunities (RGO) and my pal Jim Mellon’s Fast Forward (FFWD). I also comment on the latest Burford (BUR) news.
1177 days ago
The latest edition of ShareProphets Radio features an hour long interview with Carson Block of Muddy Waters discussing Burford (BUR) in great detail. In the interests of balance, an investor with a long position, Caro-Kann Capital, has published its detailed rebuttal of Muddy Waters and you can read that report below. On balance I agree with Muddy Waters.
1184 days ago
In this eighth edition of the ShareProphets Radio podcast, sponsored by Yorkville Advisors, in order I discuss my guest next week (the biggest name yet on the show) and Burford (BUR) and the more genberal issue of revenue recognition. I then chat for about an hour to liberatrian comedian, songwriter and singer, Brexit Party activist, gold & bitcoin guru Dominic Frisby. Prepare for a few laughs. Then it is Cathal Friel of Open Orphan (ORPH), where I am a shareholder, and finally David Bramhill of Union Jack Oil (UJO). After that section I discuss nearology with reference to Union Jack, UK Oil & Gas (UKOG) and more generally. If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
1191 days ago
To his credit, Carson Block has credited us fully in his new dossier covering the Napo scandal. The contents will be familiar to our readers having been published here 2 weeks ago. But it has aroused the deadwood press. I have already had one hack on the trombone seeking further clarification. The citical point is that without a Napo win fee, Burford (BUR) would have reported a 2013 loss, not a profit, shortly before getting away a big bond issue. As I noted in a letter to the Nomad Johnny Allison ten days ago “name that case!” Burford’s failure to do so is telling. The new Muddy Waters dossier is below:
1199 days ago
In this sixth edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss PC nonsense in the world of matresses and also the folly of Nigel Wray and Neil Woodford in this sector, I give Harry Adams of Kefi (KEFI) a right old grilling, I look at the pointless ramping of AIM rubbish via other podcasts and paid for research and then discuss all things resources & other matters with guru Gary Newman. If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
1204 days ago
In today’s podcast I start with how Roger Lawson wants laws changed that will shut ShareProphets down and is using Burford (BUR) as his pretext. I look at how the AIM demise of Avanti (AVN) shows how wrong Lawson is and at lessons we can all learn. I cover Providence Resources (PVR) and its dirtbag fat cat boss Tony O’Reilly Jnr, at Cabot Energy (TOAST), Mysale (MYSL) – another mark of shame for Burford’s Nomad Macquarie and for Sir Philip Green – and at IMC Exploration (IMC) which is toxic.
1209 days ago
In this fifth edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss the morality of short selling or writing bearish articles, I interview a saint ( well in stockmarket terms) Malcolm Stacey who though a moral man is highly opininiated and has a tip or two, then I discuss Burford (BUR) then it is part two of the Sam Antar interview in which the king of the fraudsters looks at today’s fraudsters, Elon Musk & Tesla, AliBaba, we cover Burford and useless accountants and so much more. Enjoy. If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
1213 days ago
In this fourth edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss bad convertible loan/death spiral funding looking at the recent RNS from Kefi (KEFI), I interview David Bramhill of Union Jack Oil (UJO) and then bring you part one of two part interview with the greatest living and funniest fraudster Sam Antar of Crazy Eddie’s infamy. Enjoy. If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
1219 days ago
In this third edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss the political threats to the UK stockmarket, interview the UK’s best known chartist Zak Mir and then discuss all things Versarien (VRS), the most overpromoted stock on AIM, with bear raider Lucian Miers. Enjoy. If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
1227 days ago
Once again, please excuse my croaky voice. In this second edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss the cowardice of a well known AIM CEO, interview bear raider Lucian Miers on a wide range of subjects including Tesla, Neil Woodford and WPCT, IQE, Purplebricks, UK Oil & Gas, Thomas Cook and cannabis, I then interview value blue chip investor Chris Bailey on, inter alia, Tesla, EasyJet, Imperial Brands, Woodford, Burberry, Dignity, and St James Place. Enjoy. If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
1233 days ago
Excuse my croaky voice. In this inaugural edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss the pot bubble, interview Nigel Somerville on Neil Woodford, flag up my next 3 FRC PLC victims, interview outspoken broker Andrew Monk, discuss why CSR is a waste of cash and interview Steve O’Hara of Optibiotix (OPTI). Enjoy. If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
1238 days ago
To those who say that ShareProphets is a joke site run by a fool or a knave, stick this letter below from the Financial Reporting Council where the sun don’t shine. Yet again the FRC is marking my homework with A*s. To those cretins on the Bullettin Boards who abuse me daily I ask: when was the last time you got a regulator to force an £800 million market cap company to change its, overly aggressive and misleading, accounting policies? Ouzo time yet again for the Sheriff of AIM.
1241 days ago
The lawyer in question is an avid reader of ShareProphets so he and his client will have been fully aware as to my location on Thursday afternoon when they sent his latest missive. I asked you to guess who could be so utterly morally bankrupt as to behave in this way. 45% of you guessed correctly HERE.
1241 days ago
It was well publicised that I would be carrying the coffin containing my dear Uncle Chris into a church on Thursday afternoon. The lawyer for one scumbag makes it clear in his letter that he is an avid ShareProphets reader. So which POS opted to send me a lawyer’s letter yesterday afternoon? Natch I shall publish it in full and, on the back of such an act, the gloves really are off. But who do you think would be so morally bankrupt to act in this way:
1281 days ago
Earlier today the ShareProphets website went down as a result of a DOS attack. This was a deliberate cyber crime targeting this website only. We have now put in place counter measures which may make the website slower, until the DOS attack ceases, but keeps it up exposing criminals, fraudsters and liars. This is not the first time we have faced a DOS attack.
1288 days ago
Last week, Wishbone Gold (LSE:WSBN) served up a trading statement that saw its shares tumble to 0.04p-0.05p. As a shareholder I share your pain and apologise for what has been a bad share tip. I have drunk my own medicine averaging down so do feel that pain big time. I can understand how some folks are angry. Over at ShareProphets someone posted this comment:
1315 days ago
The codename for the latest bailout funding of Audioboom (BOOM) is Project Coffee. The presentation, which I have seen, gushes about growth opportunities but that is always the way with this serial deliverer of jam tomorrow. There is no mentioning of burgeoning trade payables. That is always the way with Audioboom and its bailout placings. Anyhow, the company is, according to its jargin filled document ”now seeking to raise a ‘growth’ capital round of c£8m at c2.5p per share.” With the stock at 2.3-25p that might be a bit of an ask. Time for an official comment on this ShareProphets scoop methinks…
1324 days ago
I have noted before the way that stars of the deadwood press all too often run material which first appeared on ShareProphets, claiming that it is their scoop. Today’s proven liar who shames our noble profession is Jamie Nimmo of the Mail on Sunday who claims to “reveal” that heroin dealer Frank Timis owns 14% of Argo Blockchain (ARB). You can see hios “scoop” below. There is only one problem with Nimmo’s fantasy of breaking a story….
1357 days ago
Things are moving rapidly in the collapse of the London & Capital Finance ponzi scheme, which fleeced 14,000 punters – mainly pensioners – by offering high yield bonds - and which ShareProphets has done so much to expose, as you can see HERE.
Last night the Serious Fraud Office (SFO) announced that four men in the Kent area had been arrested and that it was, like the FCA, investigating the ponzi.
1374 days ago
Once upon a time, when a journalist claimed an exclusive it meant something no-one else had published. But I guess times change. The lead story in today’s Times Business section is an expose on Julie “Lingerie on Expenses” Meyer which hack James Hurley is tweeting is an “exclusive.” Sufice to say, ShareProphets readers will not be that shocked by what Hurley reveals.
1420 days ago
Some fools were buying shares in Flybe (FLYB) at up to 4p yesterday on the hope of a counter offer to the 1p a share Virgin/Stobart (STOB) bid. Fools. They should have followed the sage advice of ShareProphets. Today Flybe has knocked all that on the head and the shares have crashed to 2.57p. They are still 150% or more overvalued.
1434 days ago
Between Christmas Day and January 2nd we shall be publishing more than 20 share tips of the year – buys and sells. The twenty second and final tip is the third from Tom Winnifrith.
1434 days ago
Between Christmas Day and January 2nd we shall be publishing more than 20 share tips of the year – buys and sells. Twenty-first up is the second from Tom Winnifrith
1435 days ago
Between Christmas Day and January 2nd we shall be publishing more than 20 share tips of the year – buys and sells. Twelfth up up is the second from Tom Winnifrith & Steve Moore at N50.
1439 days ago
Between Christmas Day and January 2nd we shall be publishing more than 20 share tips of the year – buys and sells. Tenth up is the first from site Editor Tom Winnifrith.
1439 days ago
Between Christmas Day and January 2nd we shall be publishing more than 20 share tips of the year – buys and sells. Fifth up is one from Tom Winnifrith & Steve Moore at N50.
1459 days ago
During the week that he was here, ShareProphets reader Bernard from the Grim North of England, c/o Donegal tried manfully to get my new wood burning stove going. It is jolly chilly at night. He failed. Over to the maestro.
1460 days ago
I have been sitting on this account of the final day of the 2018 olive harvest for some days as I am rather cross. I know the sums involved are trivial but none the less….
1464 days ago
I start with a few words about the harvest. The team of three worked until it was dark. Then I reveal Bernard's shameful confessions. Then more on the folly of Neil Woodford and lessons from Kier. Neil is yet to get back to me about my business proposition from yesterday. Come on old boy £2 million for 20%, what's not to like?
1464 days ago
And so to day two of the olive harvest. We merry band of three all have our jobs. As you can see below, Shareprophets reader Bernard really is wearing shorts and a T shirt as, during the day it is hot enough to do so. He trained as an engineer and so, naturally, he is the twerker specialist.
1465 days ago
The olive harvest starts tomorrow and I will be assisted by a Shareprophets reader from Eire and by Andrew Bell of Red Rock Resources (RRR) who is trying to communicate with the natives in his best Ancient Greek. I expliain why today's output from me is limited and then break the latest news from Julie "lingerie on expenses" Meyer MBE. Then I look at Independent Oil & Gas (IOG), Optibiotix (OPTI), Dignity (DTY) and the scam that is the funeral industry and BCA marketplace (BCA) which may have hoodwinked Andrew Monk but whose interims today are shoking. They could have been written by wretched Theresa May and are alarmingly bad. I also comment on the Project Fear Brexit uber bollocks spouted by the not fit for purpose Bank of England Governor Mark Carney yesterday.
1534 days ago
I wonder who we have annoyed with a recent article & a promise of a stream more in the coming days and who knows all about tech and who has a history of using dirty tricks against opponents on the internet?
1639 days ago
Don’t say we don’t listen. The first is as a result of your feedback!
1654 days ago
I start by noting I have received a begging email from Primary Bid re the Merio offer. Cynical Bear is right - avoid like the plague! Then as I finalise annual accounts for companies house for FIML and ShareProphets (loss in both cases) I explain the different motives of those preparing private company and listed company accounts and some tricks I could have used to show profits. But why would I have done that? Finally...98% of bearcast listeners have NOT yet sponsored myself and Brokerman Dan for our 30 mile Woodlarks walk. If you enjoy bearcast I am sure you can spare a tenner so donate HERE - to those who have donated I say thank you.
1667 days ago
Another day and another fake news press release lands from cash strapped devout Christian Julie Meyer signed off by her new lawyer from Farrer & Co. Gosh I want to see the Farrer bitchez in Court on this one... On Friday the Maltese regulator the MSFA suspended Meyer's license to operate on the island (and thus under passporting rules anywhere in the EU) and made a damning statement as you can see HERE. Meyer's response is fake news so I serve it up with a Shareprophets translation service. Fake News from Farrer & Co is in italics.
1670 days ago
We may like to have a bit of a Turkish when posting videos featuring Clem Chambers of ADVFN (AFN) explaining blockchain but we still run a couple of newsletters together so, on that basis, if you want to go to Clem's great blockchain conference in London on June 13th there is a 30% discount on tickets for ShareProphets readers.
1678 days ago
Do you really want to miss out on all of this for the sake of saving just £5.99 a month? Tonight on ShareProphets we will expose a 1 billion capitaised fraud. Make no mistake this is a zero. And we will also reveal which idiots have threatened Tom Winnifrith with legal action as well as publishing another main stage video from UK Investor - Mr Property, Nick Leslau. But to access all this premium content you need to invest £5.99 a month. And tomorrow is Mark Slater day.
1688 days ago
Next week there will be a spectacular avalanche of treats on ShareProphets but those treats will be for paying customers only. So what can you expect? And why should you join TODAY? Here goes...
1764 days ago
If devout Christian Julie Meyer MBE does not like FACT based articles about her and Ariadne Capital Limited ( now in administration) by City AM, The Evening Standard, The Times, ShareProphets ( an avalanche) and ex employees turned whistleblower such as John Galt posting on LinkedIn she could always send yet another fascist lawyers letter to them. But since all that has been written has been based on fact....
1779 days ago
If you listened to my bearcast of yesterday you will be in no doubt that I am aa big bear of Dignity (DTY) based on some simple maths. I take my hat off to a ShareProphets reader (Buy100ozSilver) for his maths in our comments section. His ( or her) post merits a wider audience.
1783 days ago
Nigel Somerville penned two articles on AIQ (AIQ) which, I thought were pretty damning as you can see HERE and HERE. The valuation is clearly bonkers and I say that as a shareholder (by accident not design). Andrew Monk of VSA floated AIQ and has penned this response which I am happy to publish in full as it all seems very comprehensive and reassuring. I really don't know what to think other than that the valuation at the suspension price is bonkers on steroids.
1799 days ago
Between December 24 and January 2 we are serving up 24 share tips of the year from our team of writers at ShareProphets. The share tips are for paying subscribers only. Next up is a sell tip, the seventh pick from Tom Winnifrith.
1799 days ago
Between December 24 and January 2 we are serving up 24 share tips of the year from our team of writers at ShareProphets. The share tips are for paying subscribers only. Next up is a buy tip, the seventh pick from Tom Winnifrith.
1799 days ago
Between December 24 and January 2 we are serving up 24 share tips of the year from our team of writers at ShareProphets. The share tips are for paying subscribers only. Next up is a sell tip, the sixth pick from Tom Winnifrith.
1800 days ago
The winner of the 2017 prize competition will be revealed tomorrow. We now though open the competition for 2018 - and once again the prize is a meal with myself. If you dislike me, you can fob that meal off on someone else. All you need to do before midnight on January 1st is to post in the comments section below your stock to buy and your stock to sell for 2018 (from the LSE or AIM Casino and the stocks not to currently be suspended). Steve Moore will monitor and report back monthly on how the competition is faring. Good luck all and especially, should they enter, to our favourite semi-naked Quindell & Cloudtag owning twins Hayley & Kate Whittaker, pictured below.
1802 days ago
Between December 24 and January 2 we are serving up 24 share tips of the year from our team of writers at ShareProphets. The share tips are for paying subscribers only. Next up is a sell tip, the fourth idea ( of eight) from Tom Winnifrith.
1803 days ago
Between December 24 and January 2 we are serving up 24 share tips of the year from our team of writers at ShareProphets. The share tips are for paying subscribers only. There is no Number 13 so we move from 12 to 14 - next up is a buy tip, the third idea ( of eight) from Tom Winnifrith.
1804 days ago
Between December 24 and January 2 we are serving up 24 share tips of the year from our team of writers at ShareProphets. The share tips are for paying subscribers only. Next up, the second of eight ideas (four buys four sells) from Tom Winnifrith
1804 days ago
Between December 24 and January 2 we are serving up 24 share tips of the year from our team of writers at ShareProphets. The share tips are for paying subscribers only. Next up, the first of eight ideas (four buys four sells) from Tom Winnifrith
1849 days ago
This is the time olf year when I ask you to consider making a small donation to ensure that folks far less fortunate than we all are enjoy some real joy this Christmas. Woodlarks is a charity with whom I have worked for years. It provides a one-off service: full holiday acccomodation for those so severely disabled that they would otherwise not get such a break.
1855 days ago
Nighthawk (HAWK) is out of cash, drowning in debt, burning cash and its production is falling month on month and that trend is not changing. In plain English it is 100% fecked. Today we have news of a massive boardroom resignation. We offer up a ShareProphets translation service
1878 days ago
I am in a bit of a rush today. The Mrs has all day meetings so it is just me and Joshua. That means we get an extra 30 minutes at the fit young mums coffee morning. But what do I say to a FYM? And what might she say back. That is clearly the big issue of the day. After that I look at MySquar (MYSQ) after Darren's meeting last night, at UK Oil & Gas (UKOG) - placing at 2p? - Sound Energy (SOU) and Echo (ECHO) both slam dunk sells and similar to UKOG in many ways.I comment, en passant, on Renold (RNO) and the idea of pricing power and finally warn you that Telit (TCM) is indeed heading for 0p. And thank you for subscribing to ShareProphets. After 28 days we are within spitting distance of breakeven.
1908 days ago
If you are listening to bearcast today you must have subscribed to Shareprophets so I thank you. I start with management who are cleary wronguns at Real Good Foods (RGD) which is a disgrace and at Papillion (PPHP) which is far worse - hat tip Cynical Bear HERE. I look at Interserve (IRV). Its shares are slumping on a profits alert but the real horrors are the lies in the August 9 results statement. Still valued at £124 million this could halve again look at debt! Then it is onto MySquar (MYSQ) a good bet for a zero, and finally a trio of oilies, Range Resources (RRL) - its au revoir not goodbye - Pantheon (PANR) dreary and overvalued by a reasonable amount and Sound Energy (SOU) where the valuation is a 100% rum and coke.
1910 days ago
As of midnight if you are not paying just £5.99 a month you lose access to our 300 articles and podcasts a month. In this video, the grandfather of share blogging comments on my use of French but explains very clearly why you'd be bonkers not to sign up. It is a false economy not to join as Malcolm points out very clearly. So watch comrade Stacey in action and then sign up NOW HERE
1910 days ago
Chris Bailey is one of the writers who a subscription based ShareProphets - assuming enough of you sign up! - will be showcasing more often. In the video below he explains exactly why you should sign up NOW HERE
1912 days ago
I have been thinking long and hard about this all summer but there is no alternative as the great Lady Thatcher used to say. Evil Google provides no content but sucks all of the ad revenue from online media. Our advertising revenue has collapsed so ShareProphets must either accept the custom of utter dirtbags like Darren Winters, continue to be subsidised by the UK Investor Show or fold. Or it must charge for access. I believe that asking you to pay £6 a month for 300 articles and for utterly unique content is something you will agree to and so on Thursday it is pay to play. I explain why evil Google is forcing our hand and what will happen and what the choices are in, perhaps the most important bearcast in our history.
1935 days ago
You may remember that ShareProphets poster Drunken Sailor and I were co-defendants in a libel case a couple of years ago ( which we won). Mr sailor is not a drunk and he is a great sleuth when he wants to be. My pressing concerns about uber ramped Bushveld Minerals (BMN) are its balance sheet, but DS has unearthed another major issue which, for some reason, Bushveld has not covered in an RNS. Perhaps it might do so now? Drunken's post merits a wider audience:
2095 days ago
Like all human beings I have an irrational interest in round numbers and thus I note simply because I am a bit of a saddo that this, my personal blog, has now been read 1,9999,972 times since it was launched just under five years ago. Now you make not think that this is a terribly big number.
2096 days ago
How do you keep an idiot in suspense? Over to Copperwindow, a moron on the ADVFN Worthington (WRN) thread who posts about 30 times a day how he is going to be rich and how Aidan Earley is going to crush me in Court. Yesterday, among his posts he stated:
2108 days ago
Aidan Earley, a man who has served time, and is barred from being a company director after the awful events at Wood Hall, has explicitly stated that he wishes to stop me writing and to close ShareProphets down for good in both cases. On Friday as 99% of folks celebrated the way that I and this website had saved folks cash and exposed fraud on both RapidCloud & Cloudtag, both of which saw their shares suspended, Aidan announced his next step.
2121 days ago
I think we are in a crazy market for resource juniors and I am expressly NOT recommending you buy any of the shares below. But such is the madness that prevails, all sorts of mining and oil junors are seeing their shares fly. Worthless assets, crap management, no cash. Who cares? Just say you are looking at Lithium and off we go. So this is an experiment. Steve Moore will track the 12 stocks below, largely suggested by you and report back after 1 week, 1 month, 3 months, 6 months and on December 31 comparing this portfolio with the FTSE AIM Index and the FTSE 100. Just for fun, the dirty dozen are:
2132 days ago
Oh happy days. It has been just over three weeks since some poltroon made my day by sending over a fascist lawyer's letter and I was starting to get bored. But here we go again: the forces of good vs stockmarket shysters inc & their bully boy lawyers. Right now I am looking after Joshua while the Mrs gets her hair cut (why that takes 135 minutes I know not) so I shall not respond in a manner which I am sure you can guess until tomorrow. So pro tem who do you think has asked to be vested with the curse of ShareProphets. Vote below with a deadline of midnight tonight:
2162 days ago
I flagged up just before Christmas that the two websites with which I am involved ( this one and ShareProphets) were set to him landmarks in page impressions in Christmas week: 14 million for ShareProphets and 16 million combined. I was too pessimistic.
2162 days ago
Since Christmas Even the various authors on the ShareProphets website have been serving up at least 1 share tip for 2017 every single day. There are blue chips, small caps, buys and sells. And of course we also have our readers share tip prize contest for 2017 where the deadline to enter is midnight and where you can enter HERE. But what did our writers tip. As we prepare for the stockmarket to reopen on Tuesday here is a full recap:
2163 days ago
Once again we will have a competition and once again the prize is a meal with myself. If you dislike me you can fob that meal off on someone else. All you need to do before midnight on January 2nd is to post in the comments section below your stock to buy and your stock to sell. Steve Moore will monitor and report back monthly on how the competition fares. He will also be announcing the 2016 winner on 3rd January. Good luck all and especially, should they enter, to our favourite semi naked twins Hayley & Kate Whittaker pictured below.
2172 days ago
Some of our critics, notably the felon Earley, reckon we go after companies as part of some convoluted con whether those companies are good or bad. Those who actually read our site will know that very few of the companies we have attacked have been anything other than disasters for investors. The one we got wrong and admitted as much was Boohoo. But boy did we make some gutsy calls in 2016 - we had a bumper year of fraud busting.
2173 days ago
As the year draws to a close it is only natural that we look back on the past twelve months. And it has been twelve months of achievement. It is a great achievement in that our writers have continued to write exactly what they want without any editorial interference. So Cynical Bear & Gary Newman have knocked shares I own. So what? We really do support free speech. And it has been a year when we have "dealt with" more frauds and lies on the AIM casino and the main market than ever before. That really is the USP of ShareProphets.
2186 days ago
In this regular bearcast I look at why this is not a one man site. I also explain reasons why I am getting more and more bearish about shares generally. There is brief comment on Altona (ANR) and International Personal Finance (IPF) and then a very detailed look at the Fairpoint (FRP) car crash and the wider lessons for us all.
2227 days ago
A slight tweak in the ShareProphets business model means that, as of November 1st nearly all, of the e-books that I have penned will no longer be available for free on this website - you will have to buy them on Amazon. So TODAY IS THE LAST DAY to get free copies of titles such as "The 49 Golden Rules of making Money from Shares" as well as the 49 Red Flags book and the book Ben Flip Flop Turney and I produced on how to value oil, gas and mining shares. The same applies to Zak Mir's crap e-book on charting.
2230 days ago
I owe every single reader of ShareProphets an apology. I mean this most sincerely and am deeply repentant for I have sinned. I hope that old father Stacey will this weekend pray for my soul and I ask each one of you for forgiveness. So here goes...
2247 days ago
We humans are fascinated by round numbers. The year 2000 was so much more important than 1999 and sparked, as had the year 1000, all sorts of millennial dread and craziness. When a batsman reaches 100 or 150 or 200 it is deemed so much more important than 99, 101, 151 or 199. That is just the way we are. Thus please allow me a short moment of satisfaction at, I guess, around 11.30 today.
2256 days ago
It was an interesting experience listening to the Radio Four show “File on Four” yesterday evening at 8pm. It was a programme about fraud on AIM, with a big focus on the China Frauds we have exposed right here on ShareProphets. There have been plenty of other frauds which have resulted in Tom Winnifrith being in receipt of lawyers’ letters, death threats and much more besides. And with reference to the China Frauds, it is here that you read it first. So why is it that the Beeb didn’t bother to get in touch with us directly?
2263 days ago
In these times of austerity we are all in it together but sometimes one needs to consider a bit of budgetary restraint one must always look at ones overhead. In that vein, while Graham Neary said "sell" Fastjet (FJET) yesterday many of us feel that he was still too charitable. And then there was his article on Cloudtag (CTAG) where he failed to conclude that it was a worthless fraud. Is Graham just too nice to work at ShareProphets. I have a P45 with his name on it but should I use it? It is up to you to decide, the deadline for voting is midnight today (Wednesday 21st).
2361 days ago
I guess when serial bank robbers accuse you of fraud you must be doing something right. And that is exactly what happened yesterday when we slated the latest bailout from Piece of Crap Golden Saint Resources (GSR) which seemed to anger Brokerman Dan Levi.
2401 days ago
I rather think that the lineup of main writers is now complete. Joining myself, Malcolm Stacey, Amanda Van Dyke, Lucian Miers, Steve Moore, Nigel Somerville, Gary Newman, Chris Bailey, Thierry Laduguie, Evil Banksta and Cynical Bear we now - as of today - have Baby Bear, aka Graham Neary on board.
2484 days ago
It seems that amongst the crony capitalists coining it in from the coke & hookers subsidy machine that is the AIM Casino this website is not terribly popular.
2490 days ago
Quindell Financial Services is alive again! Yes the vehicle ex CEO Rob Fielding used to trouser a £2 million hidden bung is back from the dead. After having been struck off by Companies House on 17 November 2015 it has been restored back on the register of companies on 3 February 2016. Would this have occurred without Shareprophets persistent questioning of Lord Michael Howard on 21 November 2015 (HERE). Perhaps not as you shall see.
2492 days ago
On Monday 8 February it will be Chinese New Year so why not celebrate. Shareprophets has analysed investment companies and Chinese companies, now AIM listed Grand Group Investment PLC (GIPO) which is an equity investment business specialising in high growth unlisted Chinese companies coms - with a reader hat tip - into the spotlight.
2528 days ago
Each day until New Year's Day, we are showing a photo taken through the window of a ShareProphets reader. Today's snap is by a reader in Cullen, Moray, the Greece of the North.
2532 days ago
Each day until New Year's Day, we are showing a photo taken through the window of a ShareProphets reader. Today's snap is by Adrian Demaid, watching the potato harvest in La Rocque, northwestern France
2533 days ago
Each day until New Year's Day, we a showing a photo taken through the window of a ShareProphets reader.
Today's snap is by a Miss Winnifrith, a young and upcoming investor currently visiting godparents across the pond and is of the oh so tasteful lights put up by the Church at the end of the street.
2534 days ago
This is very simple. Our writers at ShareProphets will be serviing up their tips of the year but what do our readers think? The prize is lunch or dinner with me. The contest pick your top buy and top sell for 2016. It is easy to enter the contest and the deadline is midnight on Sunday January 3rd 2016.
2534 days ago
It is not only the petty criminal and liar Chris Oil who urges folks to boycott products associated with me. You may remember that his bestest friend Daniel urged his legions of followers to boycott this website. In that vein...
2534 days ago
It is easy, spend a few minutes filling in a quick ShareProphets survey and one lucky person will win an iPad for Christmas.Seriously folks...
2552 days ago
This is ShareProphets writer and head honcho of the Steam Oil Company, Steve Brown presenting at Gold & Bears. Steve is currently doing an EIS fund-raising for his company and my Mrs is in. To read more about Steam Oil and details of the fundraise go HERE. Meanwhile enjoy the video.
2557 days ago
I had not planned to be back in charge until January 1 2016 but events, events. As of the week before Gold & Bears I am again editing this website.
2578 days ago
I can only conclude that my old pal Brokerman Dan must have been on the legal highs yesterday as he tweeted out the breaking news that flip flop Ben Turney had been sacked as editor of ShareProphets. Ben has not been fired.
2588 days ago
Sefton Resources (SER) has today updated its shareholders via a release which can only be described as semi-literate. Was it written by Zak Mir? Notwithstanding the appalling syntax the message is clear: shareholders are fucked. We bring the release with a ShareProphets translation service in bold.
2632 days ago
ShareProphets Press' third e-book of 2015 is by Zak Mir. In it, the UK's most well-known technical analyst looks at the 10 best shares to buy for Autumn 2015.
2640 days ago
There are a couple of comments up on the ShareProphets comments section today (from Woody44 and Vines) which show that at least two of our readers are morons. I have a spare few minutes so explain the ethics of financial journalism with reference to transparency and share ownership and insider dealing and source protection. Will they understand? Somehow I think they, like Chris Oil, do not wish to understand.
2646 days ago
ShareProphets Press' fourth book of 2015 is by Tom Winnifrith and the ShareProphets team. In it, the editors of the UK's most compelling financial website look for the seven shares that are worth buying after the stockmarket crash.
2656 days ago
An eagle eyed reader spots that on ShareProphets there is a pop up advert for the new Quindell (QPP) with a short interview with the new head honcho at Quindell. Thanks for flagging this, as I had not spotted it.
The interview is one of those paid for interviews with taxing questions like “are your shares cheap or very cheap? Are you a gifted Chairman or a great Chairman? Is your dick enormous or extraordinarily enormous?” Ok I made that last one up but you get my drift.
2683 days ago
The August Edition of UK Investor Show Magazine is now live and the cover story explains why the fraudster Rob Terry of Quindell (QPP) infamy should, and will, go to prison. There are seven share tips from Tom Winnifrith, Zak Mir and Steve Moore and the ShareProphets writers answer the question "if you had to what stock would you bet the ranch on". Amanda van Dyke explains why she is still a gold bull and there's more..
2700 days ago
In Free Speech & Liberty Pizza House every table is topped with a little card explaining why we are called what we are called and a bit about the work we do on ShareProphets. Folks read them and the feedback is great, after all who doesn’t believe in free speech?
2713 days ago
In yesterday’s Bearcast I explained why it was shocking that CIC Gold (CICG) had obtained a standard listing in London and why the shares were a sell. The main reason is Stuart Bromley. Hat tip to John g, a ShareProphets reader for pointing us to how Bromley mugged the Boy Scouts.
2746 days ago
As of midnight "flip flop" Ben "pitchfork" Turney will be editing ShareProphets as I am on leave for the next six to nine months. Let me explain.
2761 days ago
There is good in everybody. As the Death Star implodes the escape capsules are being launched. Stormtrooper Stewart Dalby, the founder of oilbarrel.com is pitching up at Proactive Investors to launch oilcapital.com. That rather suggests that the Evil Empire's oilbarrel operation is 100% toast. But there are other escape capsules being launched and one is heading the way of a secret rebel alliance base ...
2764 days ago
Hmmmmm, sorry to tell those who are urging investors to boycott ShareProphets because we oppose market abuse but your campaign is, like the share price of Sefton Resources, going down in flames. We are having a great day.
2802 days ago
In the leaders debate Nigel Farage raised a legitimate question about immigrants with HIV and AIDS. But he did not think through the logical implications of what he said, nor did he care. He raises wider issues about how we treat and fund the treatment of those with HIV which I explore and ask as a libertarian does he have a point? I think he does. But I think he does not care about that point he is just a ghastly man what wanted to prop up his core support. The way he said what he did was dreadful
2806 days ago
In today's podcast recorded with my cats Tara and the morbidly obese three legged Oakley listening carefully I look at Daniel Stewart (more to come on that), Coms, Hunter Resources, Gulf Keystone and free speech on ShareProphets, Premaitha, Aquatic Foods, Nanoco and - in detail - Northern Petroleum
2836 days ago
I was meaning to devote this postcard to what a banana republic the UK is becoming but Nigel Somerville writes about that well enough on ShareProphets HERE and so instead I discuss my drive into the clouds of the high Taygetus of the Mani and bring you a few photos. Of the Church where I said thanks having almost driven off a cliff next door, of the past (a monastery) and of the future, the ghost village. I reflect on why there will be more places like that going forward.
2836 days ago
For higher rate taxpayers EIS investment can be incredibly attractive given the huge tax breaks it offers. But it is also a potential minefield. ShareProphets has a free guide to EIS which you can obtain by downloading the form HERE. But as a taster…
2842 days ago
I like Ian Fishwick of Adept Telecom (ADT) even though he is both a northerner and also very rude to me. And his presentation at the last ShareProphets seminar was a good one and he tackled my questions well. The video is below
2843 days ago
Mariana Resources (MARL) has today announced that it has raised £1.8 million at 1.6p. Its CEO Glenn Parsons is a prize shit and this company now goes on the ShareProphets bargepole list – this is war. Let me explain why the Sheriff of AIM is now on the warpath.
In recent days poor private investors have paid up to 3p in recent weeks for the stock following bullish announcements on 2nd and 12 February. Parsons has been on the ramp. The stock is now 1.58p – down by 85% over three years. But at least it has the cash to pay a few more bills.
The hard numbers show
2844 days ago
This weekend on ShareProphets we have yet more revelations on Tern, on the Equities First scandal involving Quindell, Igas and others and also on Worthington. This comes at a cost to us, the smear campaign has accelerated with unfounded claims that we employ illegal immigrants and with Worthington making defamatory statements about Tom Winnifrith. More on that shortly! However..
We continue to see the Bulletin Board jihadists attempt to deny us revenues both at The Free Speech & Liberty Pizza House with the smears and also with one loon trying to block our phone line with 50 phone calls a day and also by tryng to persuade advertisers to drop as - as we saw with the morons lied to Etihad airlines in order to persuade it not to advertise on ShareProphets.
Those who seek to put us out of business are not now hiding behind claims that it is because I use bad language. It is an pen battle against myself, Nigel, Ben and others because we expose fraud.
We want to continue that fight and indeed to step it up – as Worthington will find out very shortly –and so again we ask for your help. So:
2864 days ago
Tesco, Waitrose, John Lewis and Now Etihad Airlines have all asked Google not to carry their ads on ShareProphets as a result of a campaign by Bulletin Board Jihadists who do not like what I have to say.
This website carries details of the “victories” of the free speech deniers.
The website states that it objects to by use of bad language. But the letter it sent to Etihad makes it clear that it is not my language but me that it wants to nail. I really am pissing myself that the jihadists told Etihad that I was insulting Muhammad by using the word “Prophet” in my website title.
The fact is that the free speech deniers really object to the fact that I tell the truth about companies – look at the tweet in the title. I predicted shares in African Minerals would tank. They are now suspended pending clarification. The QPPSAG (do not like what I reveal about Quindell and the fact that the shares are almost 90% off their peak. So they try to shoot the messenger.
Tesco, Etihad, Waitrose and John Lewis you are a bunch of cowardly motherfuckers. You are siding with free speech deniers against a free press because it makes your life easier. To n’est ce pas Charlie. You should be ashamed of yourselves.
Do you think that I shall be changing my style? No way. Fuck the lot of you: Long live Free Speech & Liberty.
To support free speech
2892 days ago
ShareProphets Press' first book of 2015 is by Tom Winnifrith, The Man who exposed the fraud at Quindell. In it, Winnifrith demonstrates the forensic accounting techniques that he uses to expose the secrets that companies are trying to hide. No investor should be without it. The first 100 people to receive the book will be offered a free ticket to the 2015 UK Investor Show on April 18. Don't delay - this will go fast.
2896 days ago
David Lenigas is tweeting his upset with James Parter for having suggested that Solo Oil (SOLO) is a sell and has suggested that Mr Parter is likely to be sacked. Let me make this 100% clear to my friend Mr Lenigas and to other CEOs out there who think that I sack anyone for having an opinion. I will NEVER do that.
@stevenr94125933 This guy is a class A fool and uneducated on the subject IMHO. My guess is he will be sacked first before solo halves.
I do not have a view on Solo myself and so have no idea when Mr. Lenigas expects it to halve. But let me make this clear, we do not sack any writer for having an opinion. ShareProphets writers can arrive at whatever conclusion they wish about a stock: buy, sell, hold wouldn’t touch with a bargepole or whatever. That is their call.
2908 days ago
The BBC has already published its Christmas programme schedule and it appears to be 70% repeats. ShareProphets is being rather more daring and will be producing novel content and so, for you, here is a sneak preview of what is in store, it is tips, drama and exposes all round.
Starting with the share tips. I shall publish my macro predictions for 2015 on Christmas Day and from Boxing Day until January 4 will serve up a 2015 tip of the year (mostly longs but some shorts) once a day.
2908 days ago
The prize will be a champagne meal for two at Real Man Pizza Company or something similar as today we launch the new Share Prophets competition which will run throughout 2015. Welcome to AIM Casino fantasy Football own Goal. The Rules are simple.
2915 days ago
ShareProphets launched just twenty months ago and has not spent a dime on advertising – our audience has grown by word of mouth alone. We already have more readers than Shares Magazine and our readership, now 17,050, grows every week. At this rate we will overtake the Investors Chronicle within a year, especially of it keeps on tipping China frauds. The readership numbers for the past month were another record.
2927 days ago
A group of Lions is a Pride. A group of Sheep is a Flock. It is a troop of baboons. It is a destruction of wild cats, it is an implausibility of gnus and a storytelling of Ravens. So what do you call a group of Quindell (QPP) Shareholders? Reader Chris suggests “a catastrophe” or a “mugging” “a catastrophe of Quindell shareholders” has a good ring to it but perhaps you can do better? Post your entries in the comments section on ShareProphets, deadline is midnight Sunday.
2980 days ago
The final talk at the first ShareProphets seminar was by me and looked at 11 ways that AIM companies artificially boost profits to mislead investors. It featured Sefton (SER) and Quindell (QPP) heavily but other real life examples were given. I thought that it wasa half decent presentation and the audience seemed to approve., To ensure that you get priority booking for future seminars (the next one on 13 October is now booked out but we will start taking bookings for 27 October next week) with 4 talks at each plus free pizza and booze register HERE.
2980 days ago
On Monday 29th September the first ShareProphets evening seminar was held. 4 talks, free pizza and booze. A great time was had by all. To ensure that you get priority booking for future seminars (the next one on 13 October is now booked out but we wil start taking bookings for 27 October next week) register HERE. The second talker was Andrew Monk of Anglo African Agriculture (AAA) who spoke very well and also commented on Madagascar Oil (MOIL).
2983 days ago
On Monday 29th September the first ShareProphets evening seminar was held. 4 talks, free pizza and booze. A great time was had by all. To ensure that you get priority booking for future seminars (the next one is 13 October) register HERE. The first talker was Chris Gilbert of Fox Marble (FOX) who spoke well and made a good case. I rate the shares as a buy.
2993 days ago
ShareProphets readers come from a wide range of backgrounds and have a wide range of expertise and so serve up some amazing comments which merit a wider audience. Today we have Kelvin on Outsourcery (OUT) – a superb comment from someone in the industry. He writes:
The problem for Outsourcery, and any technology company entering into the cloud service provision market, is that there is already massive overcapacity.
That’s the fundamental flaw in the business model for Outsourcery, and the reason why it’s unlikely to ever earn a reasonable return on capital.
Just take one part of its business with which I’m personally familiar
3014 days ago
The starting gun has been fired on drilling at Horse Hill. A. Houseman provided a bookies guide to the runners and riders earlier HERE. But what do ShareProphets Readers expect to happen. Opinion is sharply divided according to our poll.
The cynics form the largest camp
3030 days ago
I have this morning received a lawyer’s letter from Quindell (QPP) as has ShareProphets. It does not cite any specific factual errors made by me but none the less demands that I withdraw all articles on ShareProphets, put my name to an apology and admission of God knows what else drafted by Quindell and that I never write about the company again. Is this not a tad Stalinist?
3040 days ago
At the weekend we set up a poll asking which of ten candidates were the most likely to go bust. The results are not terribly surprising save for the touching faith folks have in Greece.
Our readers said that the most likely to go bust were:
3050 days ago
There are different forms of guilt that I feel as I sit in the Greek Hovel. The worst is as I peer outside and see the sun shining on a glorious day. Yet I will be heading back inside soon to finish another article on shares, on Quindell or whatever.
In side of me something associate sun and the smell of a Greek hillside with holidays. What on earth am I doing spending holiday time hammering away at my PC? The Mrs makes that point every time we go on holiday and it is a fair one.
I have not fully made the mental leap that this is not a holiday. The Mrs has bought a house which is one of our two homes. The nature of my work means that sometimes I will live in Bristol and sometimes I live here in the Mani, Greece. This is my home and just as in Bristol I am working from home. And so gradually the feelings of guilt about now being down at the beach or just lazing around doing nothing are going.
As it happens
3052 days ago
Two weeks ago Evil Knievil, Matt Earl, Lucian Miers and I served up our top ten stocks to short this summer and why – HERE. Avanti Communications (AVN) has already done the decent thing and issued a profits warning. We asked our readers at the weekend to vote on which of the ten would be next And the results are:
3062 days ago
Some Bulletin Board Moron last week accused this website of being produced by a bunch of teenagers. I wish! Anyhow the latest person to sign up is certainly not a teenager and his views will, I suspect, be rather hard to dismiss. Meet Robert Corden in his own words.
3067 days ago
Quindell (QPP) values its 85% stake in its Himex operation at $240 million. Well that is what it paid and in the balance sheet that sits almost entirely as goodwill. Quindell has made great claims about Himex but do they stack up. I think they do not. And here is why.
A poster posted this on ShareProphets yesterday in the comments below THIS ARTICLE. I have spoken to the man and cross referenced and his credentials are impeccable. He is actively involved in telematics in two US states and is a veteran of the market. He writes:
3068 days ago
Shorters, or bear raiders, are vilified by the ignorant as destroyers of wealth and of jobs. Some folks want shorting banned. They are wrong. The only people who benefit from banning shorting are crooks, liars and frauds. Capitalism needs shorters for it to work efficiently. Here’s why.
Let me ask you to point out how many PLCs the FCA or before it the FSA ever called out for fraud and had suspended? Er…zippo. The Regulator is a box ticker, an agency of Government and thus, by definition, useless. It would argue that its job is not to seek out fraud but to act on it when shown evidence. That might just be a defence but you then ask who will seek out fraud and thus present the authorities with that evidence?
Occasionally you have a kind hearted soul such as myself who does just that. But the reality is that spending months and months researching a company really is not going to make you rich. The ShareProphets operation generates enough revenue to allow me to spend some time doing such work but I could not afford to do it full time.
And thus the only folks who are going to have enough of a financial incentive to do such work are those in the bear raiding community. It took Gotham City many months to prove up its dossier against Spanish fraud Gowex. Now I know that Daniel Yu gets an intellectual kick
3069 days ago
So posted some utter moron in the comments section of this website at the weekend. In fact we get a post a week in that vein. I guess Bulletin Board Morons just do not get it so let me explain once again.
There have now been 36 writers who have contributed to this website. They do so for a variety of reasons but one central reason is that – unlike some other websites – there is no house view. Folks writing here are not told what stocks to write about. That is their choice. And they are not told when to write. Once again that is their choice.
And critically they are not told what to say, once again they can conclude that a stock is a buy, a sell or a hold. We would never change their conclusions we change only grammar and reserve the right to remove copy that is patently libellous. But it is a core principle of this website that the author is entitled to his or her opinion whatever Ben or myself might think of it.
Thus Gary Newman was entitled to say buy blinkx
3096 days ago
Malcolm Stacey is known as the grandfather of share blogging. A professional journalist and broadcaster he has been writing about and trading shares since er… we will spare his blushes but it is a long, long time. He is a good and honest man who I am proud to call my friend and am delighted to work alongside once more.
Malcolm was the founder and guiding spirit of the ShareCrazy website but last year he departed The Empire to join us here at the Rebel Alliance on ShareProphets.
In the late 1990s he published a book, The Armchair Tycoon, which outlined his simple no-nonsense approach to share trading. An updated and revised e-version of that has recently been published.
3177 days ago
The ethos of Shareprophets is that we allow our writers to arrive at whatever conclusion they want. I do not endorse any view (other than my own) but I welcome debate and diverse opinion. It is what makes a market. That is a point lost on some total cretin giving me abuse on twitter today regarding W Resources (WRES).
I thought the article by Robert Tyerman on W Resources that we published earlier was interesting and merited a wider audience & thus tweeted a link. Robert, as you would expect from such a Fleet Street legend,
3179 days ago
In light of this week’s Bulletin Board Moron & Bigot of the week story posted earlier there can only be one picture for this week’s caption contest. If you think that you can better my entry please post it in the comments section below:
My entry is: As the Judy Garland blares in the background, the entire Shareprophets Editorial team and Evil Knievil decide that there is no point in living a lie and all come out…as bears of Gulf Keystone.”
3218 days ago
Okay this is not the overall chart. Zak Mir is not quite up there with Jeffrey Archer although I gather that both of these great men do need someone with even greater literary skills to turn their original golden prose into best-sellers. However…
My very good friend for many years, and godfather to my daughter, Zak proudly sends me the screenshot below, demonstrating that in the personal finance, technical analysis category The 49 Golden Rules of Making Money Using Technical Analysis is now the 4th best selling book. Congratulations to publisher Shareprophets Ltd and, even more so, to Zak.
3235 days ago
Unlike some we could mention, ShareProphets has never bought twitter followers nor do we follow folk just to get a follow back. @shareprophets follows no-one, not even me - @tomwinnifrith – and yet, in eight months, we appear to have accumulated 1,103 folks who follow us on twitter to keep tabs on what we write. Why not join them and win a prize.
Already six of our followers are down to win a voucher entitling them to a 50% discount on a bill for a party of up to four at our new wine, sherry and tapas bar opening in Clerkenwell on February 3rd – Maribelle’s. Those vouchers will be sent out this week.
And there are ten more vouchers up for grabs – we will choose at random ten of those who were followers 1,101 to 1,201 and they too will be sent a Maribelle’s voucher.
So follow away @shareprophets
3246 days ago
Under AIM rules the Nominated Advisor to a company has to show that it verified as true and fair any statement used as an RNS. If it cannot show that and investors lost money they can seek financial redress from the Nomad. The Nomad to Silverdell (SID) was FinnCap run by Sam Smith (pictured).
3251 days ago
I guess that with an election looming Call Me Dave wants to thin k that the Tories have a “nice side” and so is floating the idea of raising the minimum wage. What sheer lunacy such a measure will hurt many and benefit no-one. Let me explain why, yet again, CMD has just got it plain wrong.
3252 days ago
I get some fairly crazy stuff in my email in-box: Nigerian chain mails, promotions for buy to let in Costa Rica, plus the usual range of Bulletin Board Morons with their crank suggestions. But this one, just arrived, from “All That Glitters” is a clear winner for Bulletin Board loon of the Century. His charges are, you can take it, not exactly true. I reprint in full:
3254 days ago
Today it is JP Morgan getting it in the neck with a $1.7 billion fine for not blowing the whistle on Ponzi scheme operator Bernie Madoff. Ahead of the Madoff collapse JP Morgan got most of its own capital out of Madoff funds. Others were not so prescient. Step forward the fund manager dubbed (by her own PR machine) superwoman – Nicola Horlick.
3254 days ago
On 17th December recruitment group ReThink (RTG) showed itself as a true posterboy for the AIM Cesspit by issuing a shed load of options which almost cannot but fail to hand free money to the board but the scandal is much worse as I can reveal today.
3257 days ago
All three of my tips of the year are based on my macro assumptions which you can find HERE. In this case this is a play on UK GDP growth – I start with recruitment business Interquest (ITQ) at a 92p offer price.
3257 days ago
All three of my tips of the year are based on my macro assumptions which you can find HERE. In this case this is a play on the sexiness of tech & the long term (groan, groan) burgeoning of demand for companies to spend ever more on compliance– tip 3 is software business Lombard Risk Management (LRM) at a 13.5p offer price
3259 days ago
An old friend from my Investors Chronicle days will be joining ShareProphets next week – an expert writer on property, insurance and (oddly) biotech, He is also a bit of a sports nut. We have spent long hours discussing cricket and soccer. Sadly he supports Spurs but nobody is perfect.
In his New Year greeting to me he wishes the best of luck to England’s Cricketers and the footballers at West Ham United. An apt if cruel pairing.
I wonder if any other side could be added to that list of the biggest flops of Autumn/Winter 2013? I really am struggling to think of one that entered its current campaign with such high hopes and has proved such an abject failure at every single level. The Nigella Lawson PR machine? The Ship of Fools global warming nutters trapped by record Antarctic ice?
Any other suggestions?
3260 days ago
The bottom end of AIM is corrupt. City insiders break the law in insider dealing ahead of heavily discounted placings which stuff private investors in an institutionalised manner. It is crony capitalism writ large. As such I offer up five New Year Resolutions for Aim to clean up the market instantaneously.
3273 days ago
The man who brought us Oil & Gas (the dog ate the documentation that validated our claims, booted off PLUS, etc.), TeknoMining ( gone bust, made all its claims up) and Great Western Mining (see here for that comedy) has another vehicle, listed ( well suspended) on ISDX. I tell you Liam McGrattan is a sheer comic genius. He is entertainment value off the Richter scale.
IMC is suspended for failing to publish its accounts for the year ended 30th June 2013. In the first half of the year IMC made a loss of 165,000 Euro on turnover of zippo and so I would suggest that auditing that business is going to be simpler than auditing, Kung Food, the tiny Chinese takeaway across the road from me.
What possible reason could there be for not filing accounts for such a small enterprise on time? It is all I suspect part of Liam’s mission to entertain. But it gets better...oh boy does it get better.
You know that one about trying to slip out an embarrassing RNS release when no-one is looking? If you issue the bad news at any time after 5 PM it is a bit iffy. At 6 PM that is well out of order. But Liam does not do well out of order he operates in a totally different league.
3273 days ago
That headline got your attention? Read on.
There have been too many lunches this month. I look forward with relish to a January spent away from London living the simple life and detoxing. One of the more illuminating lunches was with Mark Jones of Alecto Minerals (ALO).
3278 days ago
Amara Mining (AMA) has announced an updated NI 43-101 compliant Mineral Resource estimate for its Yaoure gold project in Côte d'Ivoire – which represents a 71% increase in the company’s overall mineral resources; to 3.7 million ounces ‘Measured and Indicated’ and 6.4 million ounces ‘Inferred’.
3281 days ago
Fox Marble (FOX) has updated that “production levels are being achieved in line with expectations”, that it is“seeing repeat orders from early customers” and that “successful entry into the key USA market is gaining traction”but that its planned processing plant on its factory site “is likely now to be delayed, on current estimates by up to six months” (completion previously planned by April).
3281 days ago
When even those paid to write research are not shouting loudly from the roves of the fan club building that your shares are cheap, you have a bit of a problem. And that brings me to Bulletin Board Moron darling Gulf Keystone (GKP) at 178p.
In a note out today paid for researcher Edison fesses up.
3291 days ago
The dismal nine year tale of woe that has been AIM Cesspit posterboy Cyan Holdings (CYAN) continued today with news of a £1.1 million placing at just 0.15p. The Bulletin Board Morons who abused me, as I have warned of this disaster in waiting for more than six months, lose again.
0.15p – wow. What a horror. Even Cyan says in its statement that it regrets having to issue stock at such a low price. Frankly I am amazed that anyone wanted to pony up even at that price.
3291 days ago
Pete Landau, the head honcho at Range Resources (RRL) has been busy emailing shareholders about my weekend opus magnus. Good for him to come out fighting. Low life CEOs would resort to hiring bully boy City lawyers to try to gag me. Landau seems happy to debate the facts. For that I really do give him full credit. Pete: you are THE man!
3291 days ago
I approve of AIM Cesspit listed companies doing rights issues rather than discounted placings to City insiders. But not when the company in question is, to use the technical term, fucked. That brings me to dual listed Scotgold (SGZ) which, I have noted before on this website, is a total POS.
Last week with the shares at c1p it announced a 3 for rights issue at 0.5 cents (0.28p) per share. The fact that this company is doing a rights issue not a placing is nothing to do with its hopeless directors believing in shareholder democracy but everything to do with the fact that City punters just will not play ball. That is because ScotGold is fucked.
The company owes £1.5 million to a bank (RMB) that was mad enough to lend to a pre-production company. It has said that it may roll that loan (due for repayment before Christmas) over as long as
3292 days ago
Share tipsters publish their views in their own name and declare a position in a stock covered. Bulletin board posters do neither. Most BB posters are sensible folks but some are obviously morons in that they think the law does not apply to them.
3292 days ago
As the late great Max Bygraves might have said, I wanna tell you a shtorrry – and this tale comes to you all the way from Central America. Read carefully for it is a bit complicated.
It starts back in the early part of this millennium when a fellow called Greg Smith was running an AIM listed company called Petrolatina (PELE). I have to admit that I was taken in as was my fat friend Evil. Greg is a very plausible salesman.
3295 days ago
K3 Business Technology (KBT) has updated at its AGM that “the group is trading in line with management targets and that opportunities in the retail marketplace have improved, which helps to support the conversion of our pipeline”.
3296 days ago
Leed Resources (LDP) is yet another pointless AIM listed investment company brought to you by the broker that specialises in such POS operations (my old pals at Peterhouse). Today it has served up a shocking statement but will its executive chairman Peter Redmond give a xxxx? I don’t know – he is refusing to answer his phone.
3297 days ago
Why did AIM Cesspit listed Summit (SUMM) announce such a strange deal with Prof Steve Davies yesterday? To get the Bulletin Board morons excited of course. There is a placing looming, you see.
3298 days ago
On 14th October 2004 a company called VastOx listed on the AIM Cesspit. That company is now known as Summit PLC. In light of an announcement issued today by Summit (SUMM) I suggest you first read the RNS from 14th October 2004.
3300 days ago
The maths look compelling (even heavily risk weighted), the newsflow should be sparkling according to my sources but this is mining: it is all about the delivery. Even so, Berkeley (BMR) is worth a flutter as a speculative buy share tip at 2.13p. I could see the stock hitting 3p in fairly quick order. But it is speculative.
At 2.13p the market capitalisation is £21.5 million. We have results looming and though the numbers will be irrelevant what I am told by good sources we will get is a clear indication of when operations in Kabwe in Zambia will be chucking off cash. The answer is soon.
3300 days ago
AIM listed Green Dragon gas (GDG) has yet to offer any explanation to the bloody dossier containing pictures of Chinese villagers beaten up, apparent environmental vandalism in the US and questions on other matters. But that may be the least of its worries.
3302 days ago
Last December 17th I penned an article on Range Resources (RRL) then at 4.86p rating the stock a sell with a 1.5p target price. That piece produced a great response from a Bulletin Board Moron – a certain “Savvyunlikeyou.”
3304 days ago
My mantelpiece is starting to fill up with trophies from the AIM Cesspit posterboy shoot. First came the head of Jim Ellerton of some tiny oil company whose name escapes me. AIM regulation did not care about his lies or using the company as a personal ATM for years. But I did and forced his resignation. And yesterday a new head went up on the mantelpiece – that of Terry “Junk” Bond of Vialogy (VIY) who joins Jim in unexpected retirement after a year long campaign from me. So who is next for the treatment?
3305 days ago
I have received a massive response from investors, CEOs and Nomads to my articled on the Crony Capitalism that is destroying AIM. So what is the solution? Let us start with how money is raised: bring back the rights issue.
Right now for companies on AIM, money is raised by ramping the share price by paying vast sums to PR/IR people to ramp away. Private investors buy shares in the open market. At that point new shares are issued at a huge discount to City insiders who then flip.
3308 days ago
Oh dear. Oh dear. More grim operational news from AIM Cesspit posterboy Cyan (CYAN) today and all the time its cash is draining away. Which has more chance of surviving past Christmas? The stockmarket cash gobbling turkey Cyan or one of the gobblers on one of Bernard Matthews’ farms? On balance it is Cyan but will it make it to Easter? That is a rather different matter.
3308 days ago
Oh dear, if Martin Perrin the finance director of AIM Cesspit listed Vipera hated me before, he and his corpulent corporate advisor Roland Cornish will be loathing me with a passion after today because I have new revelations…
3313 days ago
I am getting attacked by a variety of fruitcakes of the UKIP variety for suggesting that Labour’s living wage plan is a bad idea. I intend dealing with the merry band of nutters that is UKIP a bit later this weekend but for now I stand up in defence of greed. Greed, as Gordon Gekko noted, is Good.
The nutters seem to believe that a) UK workers should be paid more per se and b) that there should be statutory limits on director pay/shareholder returns with more of the spoils of any profits made returned to the workers. I shall start with directors.
3315 days ago
Gold developer-producer in West Africa, Amara Mining (AMA) has announced that it has entered into a agreement to acquire $10 million cash, a drilling operation and three Liberian exploration licences for 51,846,782 new Amara shares (ostensibly $11 million). It is a cute deal.
3316 days ago
Alecto Minerals (ALO) wins today’s prize for the most misleading announcement from the AIM Cesspit with an RNS headlined “”£1 million placing and funding arrangement”. Has Alecto just secured an additional £1 million? Like hell it has. And is it “pleased to announce” this deal. Also like hell it is. It is desperate for cash and this is really last gasp death spiral stuff.
3316 days ago
Another day and another missive is issued by the board of Hibu (HIBU) ahead of its EGM on 4th December. Rebel shareholders are trying to oust the overpaid and under-delivering board and oppose a restructuring which will see shareholders lose 100%. I have noted before how the actions of the board in employing uber-expensive bully boy lawyers to try to scare off the rebels are despicable.
In this latest missive the directors, who will nearly all keep their jobs under the proposed plan, say that if shareholders support their strategy then shareholders will lose 100%. But they claim that it is in the interests of all stakeholders to support their strategy so shareholders should back the board. That is patent bollocks.
I happen to agree with the board that Hibu shares are almost certainly worthless. But let’s examine the stakeholders in this case with some gameplay analysis.
3316 days ago
Bear raider Evil Knievil started shorting LED Company Dialight (DIA) at 1200p three weeks ago and I wrote at the time that I agreed 100% with his analysis. The stock has opened down 33p at 1033p today after a less than impressive trading statement. Evil says he is “delighted”. We both expect the shares to slump to 600p in due course. Here’s why.
3318 days ago
I tipped shares in AIM listed tech stock Enables IT (EIT) a few weeks ago at 37p on this website. Following a £2.5 million placing at 36p and a US acquisition announced yesterday the shares are now 40.5p. There is a lot further to go.
3319 days ago
Another day and another apparently positive statement from Sirius Minerals (SXX) as it tries to maintain interest to keep its equity drawdown death spiral going. But as ever the maths are not all that supporters might have hoped for.
The worlds No 1 mining analyst Roger Bade of Whitman Howard expresses it thus:
3323 days ago
Advanced Computer Software Group (ASW), the provider of healthcare and business management software and IT services, has announced results for its half year ended 31st August 2013, noting that it is “increasingly confident about delivering another good set of full year results in line with the board's expectations.”
3323 days ago
Dear Terry: It must, by now, be clear to you from both the AGM and from reading the Bulletin Boards that the owners of Vialogy, its long suffering shareholders, have completely lost faith in you. Your performance at the AGM was an ill-tempered shambles and as our chairman you have been overpaid for abject non delivery for years.
3324 days ago
Gulf Keystone Petroleum (GKP) is taking on yet more debt with a $50 million bond offering today. The statement made me raise my eyebrows once or twice. I would not buy the shares myself but nor would I short but if forced to choose then at today’s price I’d sell. I observe.
3324 days ago
Frigging hell. It was worth getting up at 3.45 AM today to trek up to London for the AGM of AIM c esspit posterbiy Vialogy. Chairman Junk Bond and CEO Robert Dean both lost their tempers, fessed up to some real horrors and Bond described me as “The Disruptive influence at the back.” Boy I had a party and the more Junk and Bob squirmed and seethed the more fun I had. This company is a total shambles.
3325 days ago
The board of AIM Cesspit posterboy Vialogy (VIY) has today announced an emergency restructuring which steals at least 25% of the IP from shareholders at a stroke just 4 hours before its AGM. That leaves a lot of time for sensible discussion does it not? Even by the abject standards of Chairman Terry “Junk” Bond this is a total disgrace. Why not issue the RNS 24 hours ago? It is not as if anything has been set in stone.
3326 days ago
AIM listed Globo (GBO) is a stock that both Lucian Miers and Evil Knievil are shorting. I reckon that it is a slam dunk sell as does the Closet Chartist. But the dark destroyer is top analyst Matt Earl who has today published a seminal piece of forensic analysis. Anyone not selling after reading Matt’s article is mad. And an RNS out today is bizarre.
3326 days ago
Debt recovery specialist Begbies Traynor (BEG) has today issued data on the UK economy which should scare you shitless. The UK economy is not delivering real sustainable growth at all – we are just on a debt fuelled consumer binge, something a cynical Government is encouraging as we approach the 2015 election. The hangover will, I warn you, be dreadful. Begbies Q3 Red Flag report makes grim reading.
3327 days ago
There are now almost a year’s worth of video postcards loaded up on this site and the topics have been pretty wide ranging. Today there are two topics.
1. When will the Global warming nutters concede, Margaret Thatcher and Nuclear power.
This refers to an article I published earlier this week HERE
2. The House price bubble and the disgrace of Government policy.
In between I manage to mention the Great British Bake-off and the dismal reaction of Call Me Dave.
My financial video postcard on www.shareprophets.com covers 1987, storms, crashes and also housing and can be viewed HERE
3328 days ago
The Closet Chartist reckons that shares in Aquarius Platinum (AQP) will go from 45p to 55p or perhaps 75p. Who knows? In a rather fizzy market any old shite can go through the roof. But before you bet the ranch on Aquarius I ask you to consider a couple of points.
3329 days ago
As ever there is stiff competition for this award – I note the valiant self-nomination of Luke Woods. However the winner has to be a poster calling himself “Shareprophets” on the LSE Nostra Terra (NTOG) Board. For the avoidance of doubt we do not post on any board as Shareprophets.
3329 days ago
Two stocks but the same story. Reported profits can be whatever you want them to be. Forget trading it is all down to how your accountant presents the numbers. Profits are a matter of opinion. Cash is a matter of fact. I start with Globo (GBO) which everyone seems to be bashing today.
3332 days ago
I have called this one brilliantly to date: tipping the stock at 4.875p 46 days ago before advising folks to top slice two thirds at 6.5p 8 days ago so leaving them with a free carry. Oh come on 31% in 38 days is not bad is it? The shares are now back at 5.25p thanks to a forced seller. And it is time to buy again.
3332 days ago
It is now more than three weeks since I passed to Green Dragon Gas (GDG) a dossier showing environmental wreckage in the US and bloodied Chinese villagers. The dossier was prepared by a former trade partner. I made it clear that I would publish a rebuttal in full. Despite promises to the contrary I have received no such rebuttal. But that is not as pressing as the cash issue and a potential $50 million black hole which could sink Green within weeks.
3332 days ago
It was less than two weeks ago that, well after market hours, Kenmare Resources (KMR) issued a profits warning and staged a £66 million rescue bailout at 26.5p. Those who ponied up then must be cursing themselves as the stock is now at 22.5p. As a bear for some time I predict that worse is to follow.
3333 days ago
The winner of the inaugural AIM Cesspit IPO of the year trophy was EastCoal (ECX) a Canadian listed company which secured a dual listing on the Cesspit on December 28th 2012 raising £9.5 million at 12.21p thanks to Cenkos. By February 8th it had issued its first warning of operational woes.
3333 days ago
Infamous bear raider Evil Knievil is keen that all should know that he made £134,000 over the weekend from horse racing. But how to double up on the market? Evil admits that may be harder. However his two big short positions remain intact.
3336 days ago
I suggested buying a few shares in AIM listed Enables IT (EIT) at 37p eight days ago. After a trading statement the shares are now 42p but will go higher. And here’s why.
3337 days ago
The great Royal Mail (RMG) IPO has been a success. Listed at 330p the shares are now 475p. That rather vindicates my call to stag the issue but now it is time to bank gains and sell the shares. And here’s why.
3338 days ago
AIM listed Lombard Risk Management (LRM) has, for its half year ended 30th September 2013, reported a 5% decline in revenue (to £7.26 million) compared to the corresponding 2012 period and a net cash outflow before financing activities of £1.98 million, though has “continued confidence in meeting the full year revenue forecasts in the market” (£19.4 million) and states “the second half of the financial year can be expected to be appreciably cash generative”
3338 days ago
A foxy PR bird called some weeks ago and asked if I cared to meet up with Philip O’Quigley the CEO of AIM listed Falcon Oil & Gas (FOG). The name O’ Quigley rang a bell, and the PR bird was a foxy tease, and so I agreed. I can see the speculative upside in Falcon’s tale, it is not one to bet the ranch on but it might be worth a flutter.
3338 days ago
On the 4th October I published an explosive dossier on AIM listed Green Dragon Gas (GDG) which contained photos of environmental destruction and bloodied Chinese villagers. The company had been passed the dossier 5 days earlier for comment and its spokesman (Mr Philip Dennis of uber expensive PR firm Bell Pottinger) promised a response on 4th October. There has been no comment.
3340 days ago
We are now on the shareholder list. Dan Levi has bought £10 of shares and I am a tad meaner and have bought £7.50 worth of shares in AIM Cesspit posterboy Vialogy. I expect to make a 100% capital loss but the gruesome twosome are now into battle.
3340 days ago
I predicted 38 days ago that AIM listed Paragon Diamonds (PRG) would soon announce that it had a license to mine in Lesotho and suggested it might be worth buying a few at 4.875p. The shares are now 6.31p to sell so do you bank a 30% gain from my hot share tip?
3340 days ago
Ashmed Media (ASHD) listed on Plus, ISDX or whatever it is called on March 15th 2013 and at that stage had £456,000 of cash. Its shares were suspended on 30th August because it could not publish its annual results on time and today it appears that it is more or less game over: the money has gone. The grim but almost comical statement reads:
3341 days ago
Five days ago we asked readers to vote on which AIM Cesspit company would be the next to sue me for libel…because it worked out so well for Sefton Resources (SER). The results are now in.
3341 days ago
I met up for dinner on Wednesday night with Paul Atherley of Leyshon Resources (LRL). Paul needed no reminding of the share price but was not complaining. He is enough of a market veteran to know that there is no point bleating you just have to deliver. He is not allowed to give me inside information on the Chinese drilling but we sort of talked around it.
3342 days ago
The emissary from Sefton Resources (SER) has arrived and left. All will emerge next week.
3343 days ago
I once believed in Avanti Communications (AVN). I also used to believe in the tooth fairy, Santa Claus and the idea that West Ham might one day win something again. How naïve. A while back I became a mild sceptic. I am now convinced that this is a colossal accident waiting to happen and should be shorted aggressively. It is my top AIM short to pay for Christmas.
3343 days ago
If a company issues an Interim Management Statement when the market is closed you expect it to be bad. It is really poor form to try to sneak out bad news after hours and so today’s 5.21 PM Interim management Statement from Kenmare Resources (KMR) is an absolute shocking disgrace.
3344 days ago
I met up the other day with Greg Kuenzel, CEO of AIM listed Noricum Gold (NMG) for a catch up on a summer drilling campaign which seems to have thrown up some interesting grades. A number of questions spring to mind about this company which, at 1.1p, is capitalised at just £10 million.
3344 days ago
Chesnara (CSN) announced earlier this week that it has conditionally (on regulatory and shareholder approval) agreed a £39.3 million acquisition of Direct Line Life, a UK-based life insurer which is currently owned by Direct Line Insurance Group plc and became substantially closed to new business in July 2011. A good move?
3345 days ago
Enables IT (EIT) the AIM quoted provider of cloud, managed and IT consultancy services formerly the dig known as Nexus, announced a $1 million contract in the US. Other similar deals are, I gather in the pipeline and this creature is starting to look like a solid fundamental buy.
3349 days ago
I was passed a dossier on £312 million capitalised AIM listed China energy play Green Dragon Gas (GDG) last week and it appears explosive. I invite you to see for yourself.
3350 days ago
AIM Listed Enables IT (EIT) was formerly known as Nexus which in turn was formerly known as something else. Will its third incarnation after its second RTO turn around the fortunes of what historically has been a bit of a stock market dog. I met up with Mike Walliss the CEO of the enlarged network and IT solutions group to find out.
3350 days ago
We will soon hear the exact pricing of the Royal Mail IPO and I expect it to be towards the upper end of the 260p-330p indicated range as there has been very strong institutional and private investor demand – I guess we are in a bull market. And spreadbetters reckon the stock will go to 340p on days one. So there is a case to stag the issue. But..
If you want to take a quick turn by stagging it go ahead. But you would not wish to buy for the long term. Why?
3350 days ago
Almost 10,000 words of golden prose has just been completed and is now off for layout – time for a drink or seven. Dedicated to the Mrs (the woman formerly known as the Deluded Lefty) – my “49 Golden Rules for Making Money from Shares” will be priced at £9.99 but I shall have 500 free copies to give away to registered users of www.Shareprophets.com thanks to a kind sponsor. If I say so myself, it is actually rather good and quite well written. I actually enjoyed writing it as a bonus.
More details to follow. Now for another glass of Valpolicella in the Clerkenwell Rabbit Hole.
3357 days ago
I met up the other day with David Lenigas who joined the board of AIM listed engineering group Inspirit (INSP) a couple of weeks ago. The shares jumped from 1.3p to 3.5p but have since retraced to 1.95p. So what is the story? - I declare that RMPC owns shares in this company
3357 days ago
Like everyone else in the email address book of Simon Cawkwell, aka infamous bear raider Evil Knievil, I have today received an urgent message – it seems as if the fat man is in a spot of bother. It reads:
3359 days ago
Gable Holdings (GAH), the insurer underwriting a range of specialist policies for the commercial sectors in the UK, Denmark, France, Germany, Italy, Norway and Spain has announced a first product in the Netherlands and a strengthened financial team to “provide a strong senior accounting executive in this period of accelerated growth of the company”. This has been a good share tip from me on my Nifty Fifty site, but what now?
3359 days ago
I mean this most sincerely. I would like to thank uber expensive City bully boy lawyers Pinsent Masons for producing an invaluable publication which Dan Levi and I have read thoroughly today, covering the issue of Security of Costs.
3361 days ago
AIM Cesspit posterboy Cyan (CYAN) is – after 8 years of non-delivery – set to run out of cash by Christmas. Hence today it issued an utterly over-hyped press release (go ahead sue me for libel, see where it got Sefton) in an attempt to ramp the shares ahead of it, yet again, asking investors to pony up for a rescue share issue.
3363 days ago
George Osborne is set to follow Nigel Lawson as the chancellor who created a mega house price bubble. It is fun while it lasts but real pain is on the way. It is only a matter of when.
3364 days ago
EMED (EMED) has today announced that CEO and company founder Harry Adams has resigned with immediate effect. Yeah right…time to get out some piano wire for another PR man who is being economical with the actualites. Step forward my old mate Nick Rome...
The release goes on with the usual corporate bullshit: “The Board would like to thank Mr. Anagnostaras-Adams for his dedication, leadership and contribution to the Company during his tenure as CEO.” Oh please, pass the sick bag.
3367 days ago
Noble Investments (NBL) has announced that it has received an approach from Stanley Gibbons (SGI) of a possible takeover of 255p per Noble share (circa £42 million) – comprising 192.5p per share in cash and 62.5p in new Stanley Gibbons shares – which, if made, it has indicated it is likely to unanimously recommend to shareholders. Since I have tipped BOTH stocks on my Nifty Fifty website I am celebrating, but what now?
3367 days ago
There are some Non Execs who add credibility and there are some who are just a pointless cashburn – meet Peter Hain Labour MP for Neath and a Non Exec at Amara Mining (AMA) since March. Shareholders in this company have lost a packet so what does Hain bring to the table?
3368 days ago
I tipped AIM listed Symphony Environmental (SYM) on my Nifty Fifty website last week at a 6.75p offer price. The shares are now 6.75p-7.25p so we are all square. But even at a 7.25p offer, valuing Symphony at c£9 million) the stock is cheap. I met up with the CEO Michael Laurier
3370 days ago
Oh dear, oh dear, - as the great Mike Walters used to say – it appears that whoever has access to Sefton Resources (SER) emails is again leaking some pretty toxic stuff. This time it is the email from Pinsent Masons partner and legal advisor to Sefton, Mr Russell Booker, in which he warns that the libel case against Dan Levi and myself should be dropped. Quite amazingly Pinsents litigation team are still ploughing ahead with the case regardless so racking up yet more fees for Sefton’s poor shareholders to swallow.
3374 days ago
That is the question posed by David Franklin, the chief economist at Sprott Group in the company’s latest newsletter. Conspiracy theorists among the gold bugs have long argued that it has been. I kind of think it might be. Over to the Sprott camp.
3386 days ago
At 7 AM a week ago liar and crook Jim Ellerton stepped down from the board of Sefton following the publication by me of documents showing that he was a liar and criminal. This was meant to be temporary pending a full investigation which we were told would mean that we would get an update “within one week”.Well guess frigging what?
3388 days ago
AIM listed oil stock Northern Petroleum (NOP) announced last week that 3D seismic data purchased and interpreted since the company acquired its leases in northern Alberta, Canada “has increased the number and type of drilling opportunities available on the land… (these) include the identification of undrilled reef structures as well as reefs which may benefit from drilling up-structure from the previous entry point”. With also formal assignment of existing wellbores from previous operators taking longer than usual (the drilling of a new well and a side track not affected by this), the company notes that “the final proof of concept well sequence will be adapted to reflect this”
3389 days ago
The more you dig the more you find with Sefton (SER). As such here are a couple of other items for Pinsents, Dr Ali, the NEDs and the Spiders from Mars to add to the internal investigation into liar and crook Jim Ellerton. And for the IRS to look into. I take you back to the 2005 Annual Report.
3392 days ago
Another day and another RNS from Sefton Resources (SER) but with two names missing. The liar and crook Ellerton is off the board temporarily until he is fired permanently next week while PR guru Alex Walters of Cadogan has also been hung out to dry. As to the content it is pitiful and misleading. The fingerprints of IR buffoon Doc Green are all over this.
First up the company has raised cash via its death spiral but only £70,500 at 0.441p. That is dire. Last time the death spiral kicked in almost £700,000 was raised ( at 1.1p). Until Jimmy Liar is booted firmly into the long Hawaiian grass (or even better into a cell in the Denver Penitentiary) that will not change
3393 days ago
The 666 shirt of investigative financial journalism is out of retirement for a few more days as liar and crook Jim Ellerton clings on to his corporate career for a bit longer. This morning he has stepped down from the board of Sefton (but will carry on as a consultant on full pay) because of “allegations made in two Internet publications against Jim Ellerton, the Company's Executive Chairman, and certain documentation received”
Sefton says that the NEDS will “In conjunction with the Company's lawyers and Nominated Adviser, conduct a full and thorough investigation into the alleged matters (the "Investigation"). Both Mr Ellerton and the Non Executives believes this will be in the best interests of the Company. The Company anticipates that it will be able to provide a further update to the market within one week as to the progress of the Investigation”
Heck, why not get Dr Ali to do the report to ensure really speedy delivery?
3397 days ago
Well it has been a hell of a ride (down) for gold and other precious metals. Srott is the world’s leading resource investment group so it clearly hopes that the answer is yes. This piece by David Franklin, Eric Sprott’s market strategist explains why it is more than hope.
3398 days ago
My old (158 at the last count) colleague from t1ps Robert Sutherland Smith is working out his last weeks at the place that should not be named. As of now he is full time back where he belongs with Steve and myself. As such he continues his monthly reflections from the ponds at Hampstead Heath. RSS has done a cracking piece on bonds and equity markets - why he is bullish - today on shareprophets (here) but for me writes:
It’s that ‘gather ye rosebuds while ye may’ season of August in high summer at the pond. Blackberries (still an unripened green) are forming in the undergrowth of shrubs and bushes at the edge of the water, reminding us that nothing lasts for ever - particularly northern summers. Soon, there will be fireworks over Edinburgh Castle to mark the end of the Festival and massed bands and pipers will be marching to the old tunes - the ‘Black Bear’ and the barren Rocks of Aden, swaying - down the Royal Mile and into Autumn.
3400 days ago
This letter was sent earlier today. I have not had a response. BB Loons may speculate on the balance sheet position of Sefton but I am not speculating since I have discussed the matter with Sefton's advisers and having taken expert accounting advice the position is crystal clear – Sefton shares should be suspended at once. Andy they may well be. The letter reads:
To: Allenby Capital, AIM Regulation, Pinsent Masons
3400 days ago
Today I ask David Paxton the CEO of Vatukoula Gold about the news on 12th August that his company has secured $40 million in new financing from China’s Zhongrun and where it leaves investors with the shares at 8.15p.
3401 days ago
AIM listed Creon Resources (CRO) has seen its shares zoom ahead in recent weeks to 0.625p, valuing it at £17.2 million, amid rumours that there is an interesting new investor set to come on board. Supporters reckon that the shares are heading to 2p. Hmmm.
3402 days ago
Sefton (SER) has issued a trading statement. Given the widespread comment as to its (lack of) cash position you would have thought it would clarify that matter. Its failure to do so is damning. There is either a placing (heavily discounted – shall we say 0.25p?) looming or, in the very likely scenario that no placing can be got away, this company is toast. My calculations suggest that cash net of current liabilities/trade receivables is nil or worse – can Sefton clarify this as a matter of extreme urgency?
The company also declined to comment on the matters arising from the Gary Dillabaugh revelations of yesterday. Again one has to ask why? The answer: because it knows that there is no answer. Jim Ellerton has been rumbled and exposed.
And so what was said? The best I save to the end but…
3403 days ago
So far I have been nice to AIM Cesspit posterboy Sefton (SER) but now it is gloves off time as I reveal how Sefton boss Jim Ellerton swore on oath in Court in 2009 that he had cleared personal debts of hundreds of thousands of dollars using Sefton cash. And I have obtained and attach the document that verifies this shock revelation.
Jim could not even get that right. The Court rejected his evidence with the judge noting “defendant Ellerton’s testimony was not believable” and that “defendant Ellerton is not credible in regard to his testimony” but none the less the fact is that Jim Ellerton did not admit to using Sefton cash for personal matters, but swore on oath that he had done so.
The case is Ellerton vs. Dillabaugh, a Colorado dentist who loaned Ellerton over a period of years c$400,000 and was then made Sefton company secretary and IR manager.
3403 days ago
Recorded today I let rip on the subject of Spain & Gibraltar. The sabre rattling by our bankrupt EU comrades sums up all that is wrong with the Evil Empire. My discussion covers fishing tights, the lies of Ted Heath and the issue of self-determination as well as the drivel spouted by deluded lefties on this matter.
My financial video postcard this week covers the looming UK housing bubble, is now up on www.shareprophets.com and can be viewed here
3404 days ago
We knew a three weeks ago that AIM listed Reach4Entertainment (R4E) was trading in line and was making further progress at tackling central costs by parting company with grossly overpaid FD Shirley Stapleton. I called the stock a recovery play at 3.75p then but with one caveat. That caveat has now gone and the stock at 4.75p is a clear buy as a share tip.
3404 days ago
A week away and much to my surprise there has been no news from Sefton Resources (SER), the AIM Cesspit listed POS that is suing me for libel. I see the shares are now at 0.475p, under the MA line which in charting terms, I am told, means they are a mammoth sell ( upside is capped at the MA) the initial target price would be 0.275p. Charting is bollocks. And, in this case, generous, my target price remains 0.01p. But there are two howling questions for Sefton.
3406 days ago
Leading stamps and collectibles business Stanley Gibbons (SGI) has announced results for the first half of 2013. These show an adjusted pre-tax profit of £1.61 million on revenue 17.2% higher than in the corresponding 2012 period, at £17.24 million, generating earnings per share of 5.03p, down from 6.61p. The following explains what is going on…
3406 days ago
News from the land where no-one shags sheep: Manufacturer and leading global supplier of advanced semiconductor wafers, IQE (IQE) has announced that its material has been qualified for high-volume manufacturing by strategic partner, Solar Junction.
3411 days ago
Fully listed CPP Group (CPP) shares have rocketed to 16.5p in what infamous short seller Evil Knievil describes as “the biggest bear squeeze I have ever seen”. Evil, aka Simon Cawkwell, remains short and expects the shares to collapse, but admits that they could easily go higher short term.
3416 days ago
AIM listed GLI Finance (GLIF) - formerly Greenwich Loan Income Fund - has updated investors on its second quarter of 2013. The share price just does not discount the good news.
3419 days ago
Sprott Asset Management is the world’s most successful precious metals and precious metals stocks investor. Its head honcho Eric Sprott is a big silver bull. So maybe the group is talking its own book here but it is an interesting take none the less. Personally I think solar power is a busted flush & have no great faith In China five year plans, but there you go. Sprott AM writes:
3420 days ago
The uber excellent mining analyst Roger Bade of Whitman Howard has today pointed out what seems blindingly obvious to me but apparently not to most of the other mining analysts in London: shares in Johnson Matthey (JMAT) at 2758p just look to be patently overvalued. In my humble opinion there has to be 20% downside. But Bade is the expert and he writes:
3421 days ago
Shareprophets can reveal that infamous bear raider Evil Knievil has acquired a near disclosable stake in AIM listed mining stock (OMI) after buying heavily at c7p. The shares are now 9.875p valuing Orosur at £7 million but Knievil (the alias of Simon Cawkwell) argues that on a break-up basis the gold producer is worth $30 million
3426 days ago
This article came out the other day from the team of Eric Sprott, the legendary precious metals fund manager. There is a clear disconnect between physical and paper gold markets and that is why, I find, this piece so interesting....
3427 days ago
There are delays and more delays in North Yorkshire for AIM Cesspit listed Sirius Minerals (SXX). The company says that it has £10 million cash left but if there is no planning approval until 2014 it is only a matter of time before the hat is passed around again and at what price will that be?
I note that the company has not said what trade payables are. So what is the REAL cash position? I wonder.
I have been bearish on this stock for a while and have been right to be bearish. The stock is now 19.25p at what price could it raise money just to keep going, let alone to fund its proposed mine? 15p? 12p? I do not know. But I would remain very short of this one.
I am not the only sceptic.
3429 days ago
My old pal Robert Sutherland Smith, now aged 167, is off on a summer break for a few days. Before departing he offered up his thoughts on life from Hampstead Heath. He has also served up two articles today (on G4S and Tesco) on www.shareprophets.com Over to RSS.
Now that the great heat has come, the ponds more closely resemble the Ganges with seemingly half the population of London seeking its cool liquidity, except that the water no longer has that cool crispness which bites back in less sunny days.
Crowds as we know are prone to madness
3431 days ago
Rick Rule, Chairman of Sprott Global Resource Investments Ltd., has invested in natural resource projects for nearly four decades. He recently gave an interview explaining why small cap mining stocks have been such a dire investment. It is a truly devastating indictment of the sector.
So what do you need to know about investing in junior exploration projects?
3436 days ago
Life is too short. I am making it simpler and so I have handed in my notice with immediate effect at Spreadbet Magazine to focus on this site, The Nifty Fifty, Shareprophets, UKInvestor Show and RMPC, working only with a small trusted team.
For what it is worth my last column published today read:
For what it is worth my last column published today read:
3436 days ago
This article by two employees of Eric Sprott, the guru of gold and ( especially) silver stocks has just appeared and is fascinating, if a tad conspiratorial in tone. It reads…
Silver’s year-to-date performance has been the worst among all commodities, falling 35% from January to June 30th this year. It’s been a rough ride for those who have held on, but recent news should give silver investors a reason for some renewed optimism.
3437 days ago
This morning AIM listed Eruma (ERU) a provider of counter terrorism kit announced that its trading subsidiary and the PLC had appointed administrators. Its shares were suspended on April 10 pending clarification of its financial position and so we can assume that it is toast. This is a wipe-out. A red flag for investors should have been that Eruma had FIVE County Court Judgements for non-payment of debts against it. As it happens another 195 PLCs also have CCJ’s against their name. So who is next to go bust?
3439 days ago
Eric Sprott founded Sprott Asset Management in 2001, and is one of the gurus of gold (and more especially silver). This article appeared the other day summarising Sprott’s thoughts from a broadcast which went out on June 25th. It is an extreme view and clearly Sprott talks his own book but it is interesting none the less.
3440 days ago
An email arrived Friday from a reader in the Stamp Industry. The Stanley Gibbons (SGI) Flagship store on the Strand was shuttered up. The world on the street was that staff of this AIM listed company were being briefed about a shock boardroom departure. Cripes… er not cripes.
3446 days ago
3448 days ago
It is a bit of a day for reflection. For it was exactly a year ago today that I headed down to Gatwick Airport to fly to Greece. It was a one way ticket as frankly I was not exactly sure if or when I would bother coming back. As I am sure you are all aware my world had pretty much imploded. As I sit here a year later an awful lot has changed.
At one level it is all to the good. I shall have a quiet meal with my deluded lefty partner tonight. Professionally, the writing and the Real Man restaurant and UK Investor Show are all pretty much on track. Nothing happens as quickly as you might like but the trend is my friend.
But there is always another side.
3450 days ago
I met Iofina (IOF) years ago and resisted the urge to tip the AIM listed shares. That was clearly a ghastly mistake as it has – until recently prospered, in share price terms, from building facilities to “mine” iodine. On Monday its shares slumped by 40% at one point. The company said that there was no reason for that and they then rallied strongly. I suspect that this is a highly margined stock and that a small initial fall triggered stop losses with spreadbetters which then became a vicious circle. But at 150p with a £191 million fully diluted market cap would I be happy to own this AIM listed stock?
3452 days ago
Is it time to sell everything? Probably not but it is quite possible that all asset classes will fall sharply in the coming weeks and months. – Well that is the theme of my financial video postcard this week which you can watch on Shareprophets.com here.
The political postcard focusses on the Euro, the EU, State sponsored theft and the end game. I sense that we Eurosceptics are about to be vindicated big time and soon.
3456 days ago
If a company has major news it should treat all investors the same and issue an RNS. And with that in mind what the hell is gold miner Centamin (CEY) playing at? Telling a newswire journalist material information so that City investors are up to speed but mug punters without an access to a Reuters terminal are kept in the dark shows a shocking contempt for private investors.
I merely quote
3456 days ago
THE CEO of an AIM listed company offered at the weekend to pay for 6 private investors to attend the AIM Cesspit awards dinner/Sefton legal case fundraiser with Evil Knievil and Lucian Miers on Monday 24th June in Clerkenwell London. Those 6 seats were allocated on a first come first served basis but two of the winners have now pulled out.
As such I have two free tickets on offer.
They will go to the first Shareprophets.com or TomWinnifrith.com readers to email a request for the seat to [email protected]
I look forward to seeing two of you on Monday
3458 days ago
My 37th weekly video postcard on this site is now live. Over on www.shareprophets.com my fifth financial video postcard is now also live and looks at mining stocks. You can view it HERE
En passant I mention poor Nigella Lawson. However the political postcard focusses on Syria. I regard the desire by the liberal political elite of the West to intervene as irresponsible and the manner in which they have attempted to manipulate public opinion is criminal. I explain more in the video below.
3458 days ago
This article appeared on Shareprophets yesterday and rather reinforces a lot of what I have written. As such I flag it up here.
The Government pretends that it is forcing banks to lend to the UK’s small businesses (SMEs). It is a lie. The money the Government has pushed to the banks is being used to inflate a housing bubble not to help SME’s grow, creating real sustainable jobs. A new study has confirmed just how, and by how much, the banksters are screwing UK small businesses.
3461 days ago
Jonathon Straight is CEO of AIM listed Straight PLC (STT). He is a reader of this blog, a good man and the owner of the most amazing moustache. He wrote about how the banks and the big 4 accountancy firms have done their utmost to roger his firm on his personal blog a week or so ago. That post has now disappeared. Odd that. His tale is shocking and shows that all the Government huff and puff about forcing the banksters to lend to small businesses (SMEs) is sheer poppycock. Jonathon writes:
I haven’t posted anything to this site for almost a year. The truth is I haven’t felt much like writing. I have been dealing with a problem for the past 18 months or so which has taken all of my time and energy. At times I have not believed what I have been seeing or hearing. It feels like a bad dream that I have just woken up from. The way that our bankers and their advisors have behaved has left me dumbfounded.
None of us in business has any protection from this coterie and it is high time that effective regulation was applied and that the cosy relationship between the big four audit firms and the big banks was properly dealt with.
3461 days ago
I offer no comment on this weekly feature it is a simple matter of observation. The two tables below show the most active discussions on the ADVFN and iii Bulletin Boards as of a Friday morning. I exclude discussions about the FTSE or blue chip stocks as in those cases private investor sentiment and trading has little influence on the share price. I include the odd fully listed stock were Private Investors can drive the price at the margin.
3468 days ago
I have taken Quindell Portfolio (QPP) off my “accident waiting to happen” list as it is now in the slow motion car crash category after a set of prelims that contained some very strange items, followed by two obfuscatory “clarification” statements.
This leaves a vacancy and so I have added my old friend Purecircle (PURE) to the list at 355p with a market cap of £592 million. It came to the market in 2007 as the world’s largest supplier of a product called Rebaudioside A (REB A) which is derived from Stevia leaves which are a natural, no calorie sweetener. Basically for every 30 kg of leaves grown, 3kg of crude extract would be produced in the company’s extraction plant in China and then moved to its refinery in Malaysia where it would be processed into 1kg of Reb A, a natural high intensity sweetener (NHIS) which was set to be a mass produced commodity as an alternative or complement to sugar.
That was the plan in the AIM admission document but like most battle plans, the plans you get in such documents rarely survive first contact with the enemy.
3468 days ago
It is always good to be firmly reunited with old friends. Robert Sutherland Smith and I started working together along time ago when he was only 148. I am pleased to say that he is, as of yesterday, devoting his freelance enterprises to www.shareprophets.com – thus the four key writers who made t1ps what it (once) was: myself, Steve Moore, Zak Mir and RSS are all reunited again over at www.shareprophets.com
RSS will continue to pen a monthly Pond Life column here but three times a week he will be analysing a FTSE 350 yield stock over on Shareprophets. Having started his City career in 1967 ( the year before I was born) RSS knows what he is talking about.
While some financial websites groups have recently admitted to sharply falling numbers I am delighted to say that after less than two months www.shareprophets.com already has 7,000 registered users who go there for free share data on all UK listed stocks as well as breaking news and cutting analysis from 20 writers with the men who made t1ps what it was at the heart of it.
If you have not registered you can do so for free at www.shareprophets.com
3468 days ago
Robert Sutherland Smith is again proving that he is still alive with another guest post. Robert started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at Shareprophets.com on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 5th 2014. He is a great one for focussing on yield. RSS today looks at United Utlities. RSS writes:
My last look at United Utilities (UU.) on a site I have now abandoned to join the winning team here at Shareprophets with all my efforts, was just over two months ago, pointing out the attractions, adding them to my shares to buy tray and suggesting it was worth looking at. Since then, the share price seems to have risen by 17% as a reminder that the modern stock exchange, despite all the digital computer technology and highly rewarded analytical anorak power, is far from being a perfect market in the economic sense of the word. The price in late March was about 671p. It is now, last seen, 789p; an almost explosive share price rise.
3469 days ago
Robert Sutherland Smith is again proving that he is still alive with another guest post. Robert started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at various places ( including Shareprophets.com naturally) on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 5th 2014. He is a great one for focussing on yield. RSS today looks at Greggs. RSS writes:
There is something comforting about Greggs (GRG) the Newcastle based convenience food company; as reassuring as Geordies cheerfully tucking into sausage rolls, whilst sitting astride a cask of Newcastle Brown to the sound of a brass band playing “Pick ya feet up Geordie Hinnie” – and what is wrong with than man, do I hear you ask?
The sight of a Gregg’s shop on some British High Street somewhere across the land, is as reliable a token of our national identity as – at the other end of the economic and social scale – champagne and hats on Ladies Day at Ascot. And in my book a Gregg’s sausage roll and a cuppa wins my affections every time.
So it is sad to see that Gregg’s is having a torrid time on the stock exchange
3475 days ago
Robert Sutherland Smith is again proving that he is still alive with another guest post. Robert started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at various places ( including Shareprophets.com naturally) on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 5th 2014. He is a great one for focussing on yield. RSS today looks at GlaxoSmithKline. RSS writes:
The latest information and news emerging from GlaxoSmithKline (GSK) is of encouragement to investors generally but to dividend investors most particularly. Although the company is one of the stock markets dividend yield staple, with a long established reputation for cash generation, a glance at the trends in its cash flow statements is a bit disconcerting. Whilst investment spending over the last three years has been rising (that includes capital expenditure) operating cash flow, the stuff that finances it (along with dividend payments to ordinary shareholders) has been declining; and significantly so, last year.
3475 days ago
Robert Sutherland Smith is again proving that he is still alive with another guest post. Robert started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at various places ( including Shareprophets.com naturally) on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 5th 2014. He is a great one for focussing on yield. RSS today looks at Standard Chartered. RSS writes:
Standard Chartered Bank’s (STAN) Q1 statement has brought the thing that markets most particularly dislike; the fog of uncertainty. And most particularly, the un-quantified (and thus unquantifiable) kind that the analytical mind must abhor. The Q1 statement informs us in the most general way without figures or percentages (the closest we get to arithmetic, are vague references to such thing as “low/high digit” changes etc) which mean as good as nothing to the numerate, calculating analyst and reporter. For someone like the reporter and commentator on the Financial Times trying to put objective copy together, it is about as insufferably and frustrating a thing as could be imagined.
It creates the impression that either the company did not know exactly what had gone on (the least likely explanation) or knew too well and did not wish to give it more precise substance? Whatever the reason, it left commentators without scope for analytical exploration and explanation?
3475 days ago
Robert Sutherland Smith is again proving that he is still alive with another guest post. Robert started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at various places ( including Shareprophets.com naturally) on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 5th 2014. He is a great one for focussing on yield. RSS today looks at J Sainsbury. RSS writes:
Another year, another buck! Sainsbury’s year to the 16th of March was helpful and modest. Sales revenue grew by 4.6% to the £25,632 million of turnover which makes it the UK’s third largest retailer. Reported pre-tax profits fell by 1.4% to £788 million; a result which is perhaps on the verge of the “highly commendable” when you gloomily contemplate what was happening to the British consumer’s spending power and the state of economic activity generally. Basic reported earnings per share rose by 1.9% to 32.6p. However, the estimated underlying earnings (the version used by institutional analysts to enable them to compare one year with another on a consistent basis when reporting to financial institutions) actually increased by 9.3% although the consistent figure was lower at 30.7p. The dividend was raised by an above inflation 3.7% to 16.7p. In everyday stock market terms, that means that Sainsbury shares at a share price of 380p (last seen) are valued on a just reported historic price to underlying earnings ratio of 12.3 times and a dividend yield of 4.4% with a respectable dividend earnings cover of 1.8 times.
3475 days ago
Robert Sutherland Smith is again proving that he is still alive with another guest post. Robert started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at various places ( including Shareprophets.com naturally) on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 5th 2014. He is a great one for focussing on yield. RSS today looks at HSBC. RSS writes:
The two big relative attractions of HSBC (HSBA) as a bank are its recent historic steadfast holding to its culture and its subsequent capital strength. The culture enabled it to steer the ship without tax payer help through the storm of the banking crisis. It also persuaded the US Justice Department to keep a recent fine it imposed of $1.3 billion for money laundering, at the lower end of what was allowable, because it concluded HSBC management had the right attitude. No need, as at Barclays, for an internal moral rearmament campaign to return it to a more overtly ethical approach to business in the new post Bob Diamond world. At HSBC it seems to have survived like DNA in the corporate fibre.
3475 days ago
At the Annual General Meeting of shareholders of AIM Cesspit and ASX listed Bullabulling Gold Limited (BGL) held today the chairman served up a statement that was classic Bullabullabullshit. Investors are waking up and the shares lost another 10% to close at 2.375p but that still values this company – which may well be toast by mid-August – at £9 million.
The chairman’s statement is worthy of a prize. “I see no icebergs said the captain of the Titanic, let’s alter course by 1 degrees and press on full steam ahead we have done so well so far.”
Amid the congratulatory blather
3475 days ago
When is $756.3 million worth $72 million? Over on the AIM Cesspit of course. This is a story about the disgrace that is Resaca Exploitation but it applies to many other AIM listed companies that have trumpeted competent person’s reports as well. But before looking at some other cases, let’s start with Resaca.
It listed on the Cesspit in 2008 at 130p. It was going to make money from exploiting US oil and gas assets. Hmmm. The main men here (and only executive directors) are JP Bryan and Jay Lendrum who are behind a company called Torch. I refer you now to the 2012 Annual Report:
The Company receives support services from Torch Energy Advisors Incorporated (“TEAI”) and its subsidiaries, which includes office administration, risk management, corporate secretary, legal and litigation services, tax department services, financial planning and analysis, information technology management, financial reporting and accounting services, and engineering and technical services. The Company was charged by TEAI and a subsidiary of TEAI $980,560, $960,904 and $1,440,241 during the years ended June 30, 2012, 2011 and 2010, respectively, for such services. The majority of such fees are included in general and administrative expenses.
Hmmm so with the shares now at 3p-4p not everyone has done really badly out of this POS
3475 days ago
This has been well spun by AIM Cesspit pin-up boy Cupid (CUP) but yesterday’s trading statement was a disastrous profits warning.
On March 5th folks were expecting half year EBITDA in excess of £6 million (up from £5.9 million in 2012). Just 86 days later we are told EBITDA will now be just £2.5 million which means a pre-tax loss. Bear raiders Evil Knievil and Lucian Miers are both short. Their current take:update#sthash.ZHiUiIbm.dpuf
3475 days ago
I offer no comment on this weekly feature it is a simple matter of observation. The two tables below show the most active discussions on the ADVFN and iii Bulletin Boards as of a Thursday morning. I exclude discussions about the FTSE or blue chip stocks as in those cases private investor sentiment and trading has little influence on the share price unlike stocks on the AIM cesspit. I include the odd fully listed stock were Private Investors can drive the price at the margin. -
3478 days ago
I first recommended shares in AIM Listed Avanti Communications (AVN) back at 116p years ago. I was still bullish all the way up to c800p when it launched its first HYLAS satellite since when the shares have headed only one way. They now trade at 279p .I apologise for not selling a long time ago on this share tip.
The bull case remains that if the company can fill capacity as planned on its two satellites in space and a third set to launch in a couple of years it will be chucking off cash like there is no tomorrow and as such one can attribute a valuation of £15 or whatever to the shares.
The bear case is
3480 days ago
This week’s video postcard comes from Berlin. I was staying an hour outside the City for a wedding and today came into town. I spent a good couple of hours at the City’s Jewish Museum, more on that later. But the first point of call was Checkpoint Charlie.
The picture of what remains of Charlie is below. As you can see it is now a tourist mecca surrounded by all the symbols of Western capitalism at its trashiest.
3483 days ago
You have just one day left to make your nominations for the 2013 AIM Cesspit awards, an annual celebration of everything this is worst about London’s junior market. So hurry, hurry, hurry. The point of these awards? Well there are a couple.
The first is that there are numerous awards where the “best” of AIM is celebrated. The market always wants to talk about its triumphs. The reality is that it tries not to discuss its failures and failings openly. It needs to. We all know that there are Nomads out there that will float any POS without, it appears, any regulatory sanction at all.
More importantly we all know that the vast majority of companies on AIM have delivered abject returns for investors. AIM constantly boasts about the amount of money it has raised for member companies. But so much of that money has gone to greedy directors who do not deliver, parasitic advisors or simply to money heaven as it is pissed away on duff projects. AIM needs to be reminded of that. If nothing else this is a chance for investors to vent some of their justifiable anger.
At an awards ceremony in late June, real trophies will be presented to those who have helped make AIM the Cesspit it is.
There are seven awards of which two are objective mathematical awards and the rest awards where the winners will be decided by the investing public. The Cesspit year runs from May 1st 2012 to May 1st 2013.
The awards are:
IPO of the year – an objective award for the IPO which moves most rapidly from IPO to suspended pending clarification.
The Darwin award – an objective award for the company that destroyed most market capitalisation in the 12 months prior to its shares being suspended pending clarification.
Entrepreneur of the year – investors vote on which AIM CEO has destroyed value most spectacularly in the past year.
PLC Pig of the year – investors can vote on which AIM CEO or Chairman was most grotesquely over-remunerated relative to performance. Hmmm…I wonder which Chairman whose first name begins with J I shall be nominating.
Cesspit lie of the year – investors vote on which RNS issued during the year by an AIM listed company was most misleading. Naturally the AIM regulation team appears to think that none have been misleading as there have been no public censures. But I am sure that you have sharper eyes than the regulators.
Cesspit deal of the year – investors vote on which merger or acquisition of the past year did the most to destroy value.
Cesspit entrepreneur of the year, the most coveted award, handed out to the man or woman whose over promotion of a stock, under-delivery and ability to destroy value has done most to contribute to making the Cesspit regarded as it is today.
To make your nominations for the five investor decided categories go HERE
We will close nominations at midnight tonight (Friday) and commence voting the following week ahead of an awards dinner on Monday 24th June to which all winners will be invited to attend or send a representative.
Tom Winnifrith is a journalist who enjoys writing about the Cesspit at the bottom of AIM. You can find more of his work at www.Shareprophets.com
3483 days ago
I offer no comment on this weekly feature it is a simple matter of observation. The two tables below show the most active discussions on the ADVFN and iii Bulletin Boards as of a Thursday morning. I exclude discussions about the FTSE or blue chip stocks as in those cases private investor sentiment and trading has little influence on the share price. I include the odd fully listed stock were Private Investors can drive the price at the margin.
Column two in each table shows the percentage of clients at spreadbetting form IG Index who are long of each stock. It is fair to assume that IG has a large enough client base and so its long/short balance is indicative of market sentiment as a whole. And the boards at iii & ADVFN have sufficient posters to also represent Private Investor sentiment as a whole.
Thus if 99% of IG clients are long of a stock that is heavily discussed on a BB thread one assumes that there is a lot of ramping going on ( that is to say folks who own a stock urging others to buy by posting bullish comment). And vice versa.
3488 days ago
ShareProphets can exclusively reveal that AIM listed gold miner Vatakoula (VGM) has negotiated a deal whereby a major Chinese mining group will invest £4.5 million at 15p per share – this compares to a Friday share price of 6.5p.
3490 days ago
Oh dear, I fear that I won’t be getting very many Christmas cards from the financial PR industry this year. My book on how many I will receive is currently running at 1-2 but on balance I’d be a seller. I seem to have offended yet another operative because I am not in the business of writing universally nice articles. Such is the self-importance of these folks that they think I actually give a damn. In for a penny…. Let’s examine the role of financial PR in the AIM Cesspit.
You may remember that I had a bit of a falling out with uber-prude PR bird Kay Larsen of College Group who seems to think that I have a thing against sheep shaggers, oops sorry meant to say Welsh people - not that any of them are in fact animal molesters - and also publish pornography. College Hill is now not returning calls made by staff at www.Shareprophets.com . Does this stop the 19 writers on that site covering companies daft enough to pay College Group £10,000 a month to manage its media relations? Not in the slightest. Does it affect our coverage? Er…not in the slightest. Companies who think that writing a cheque to some daft parasites each month means that they can manage how and where they are covered are just kidding themselves.
And so to my next fallout which is with YellowJersey PR, which makes me think somehow of custard and cowardice. Its gripe is that it represents Arian Silver (AGQ) where, on www.shareprophets.com I have flagged up its various funding issues like a failure to get a placing away.
In case you missed that scoop it appeared here
That is apparently not the sort of coverage YellowCustard’s clients want. I am sorry to hear that. And so
3493 days ago
Robert Sutherland Smith is again proving that he is still alive with another guest post. Robert started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at various places ( including Shareprophets.com naturally) on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 5th 2014. He is a great one for focussing on yield. RSS today looks at BAT Industries. RSS writes:
My last review of BAT Industries was a bullish one, having examined the management strategy of this large and important international business geared as it is, by common consent (entirely reasonably so) to a long term, irresistible decline demand for its products. I noted at the time that analysts estimated on a consensus view that sales revenue would grow by 20% over the two year 2013 and 2014 to an annual sales figure of £16.7 billion by the end of next year along with a 20% increase in earnings and dividends to 248p and 162p respectively estimated for the year to 31 December 2014.
3496 days ago
Last weekend I exposed how Verdes Management (VMP) a company listed on the AIM Cesspit market had misled investors in a series of RNS announcements as it struggled to say afloat in recent months.
Verdes is a tin pot company rapidly running out of cash. The big questions are for WH Ireland, its nominated adviser (Nomad) and broker. The questions go the heart of who misled investors and the failure of the regulatory system on the Cesspit AIM market.
On AIM the Nomad must sign off on any statement. A Nomad must therefore satisfy itself that the statement is true. If a company issues misleading statements ultimately it is the Nomad that should carry the can, although on the Cesspit this never seems to happen. The broker raises money for a client and takes a commission of (usually) 5% for doing so. Both Nomad and broker are paid a retainer by clients such as Verdes.
Questions for WH Ireland:
3497 days ago
With its shares having tanked from 14p a few weeks ago to just over 7.41p with most of the falls following annual results on Tuesday, Quindell Portfolio (QPP) – hitherto a darling of the AIM Cesspit – has put out a statement late last night. It is a truly dismal effort. In the words of Evil Knievil “it is not an invitation to short but now an obligation.”
The statement, crafted by foxy PR bird “Bex” SH who also acts for Cupid (CUP) reads:
The Company is aware of recent press speculation regarding the equity swap and an active short position in relation to the Company’s ordinary shares. In light of this, the Board wishes to clarify that further to its recently reported record results, the Company has a strong balance sheet and continues to trade profitably with significant traction in the insurance sector. The Company knows of no valid reason for the recent share price decline. Furthermore, the equity swap asset, which has also been subject to speculation, accounts for a small part of the Group receivables and is not a material contract in relation to the size of the Group. This was issued as part of the funding for the acquisition of Accident Advice Helpline, announced on 3 December 2012 and was deemed to be the least dilutive funding mechanism at this time. It is not currently being exercised, and the Company believes that the counterparty will continue to not make any material transactions in respect of the Company’s ordinary shares unless the share price is at substantially higher levels.
Er… in plain English what on earth is all of that about?
3508 days ago
This video is of a debate at the UKInvestor Show between myself and my good frienjd Richard Poulden. It is short and quick fire and regrettably I lost the vote. But it leads into my announcement of later today and is well worth watching.