31 days ago
I am not denying that the fuel crisis will hit a lot of folks hard this winter. If our entire political and media class had not driven this nation down the path prescribed by the uneducated doom goblin Greta Thunberg and had we not prolonged the bloodshed in Ukraine we would not be in this mess. But that is for another day. The GroupThink will – on both counts – be shown to be in the wrong just as they were on masks and lockdown. But will thousands die in unheated homes as we are told by the media and the Labour Party each day? I remember my childhood in the 1970s.
43 days ago
If it was just down to Ukraine or printing vast amounts of new money all of Western Europe would be in the same mess. But it is not as the graphic below demonstrates. UK electricity is vastly more expensive than anywhere else in Europe? Why?
60 days ago
Today’s Emmanuel Goldstein in the two minute hate on social media, in the MSM and at Westminster is, not for the first time, Jeremy Corbyn. His “crime” is suggesting that the UK should not be sending any more weapons and cash to Ukraine. Before you condemn the Marxist old loon what is your alternative?
64 days ago
Monkey Pox, covid, Ukraine, Russia, Iraq, university entrance by race and class, tax cuts. You are being lied to and nobody seems to care. I do.
159 days ago
Iron ore pellet producer, Ferrexpo (FXPO), has announced results for the 2021 calendar year, and that it has continued to operate, launching a significant humanitarian programme to assist those directly impacted by the Russian invasion.
165 days ago
I seem to remember that, for some frightful faux pas, the comedian, Lee Hurst, has been no-platformed from various venues. His real problem is that he is not only funny, but also rather right-wing, which are the two reasons why you never see him on TV or hear him on what Radio 4 calls, in a blatant breach of the trade description laws, comedy shows. Yesterday, Mr Hurst utterly nailed a woman called Evie, gender she/they, a keen mask-wearer and a lesbian.
167 days ago
Apparently, the most popular share amongst retail investors is Polymetal (POLY). Although shares have plunged by 80% since the invasion, it seems Joe Public cannot buy enough of them.
169 days ago
Iron-ore pellets producer, Ferrexpo (FXPO), has announced – despite operational constraints following Russia’s invasion of Ukraine - “production of 2.7 million tonnes in the first quarter of 2022, representing a figure in line with the same period in 2021, and 11% below the previous quarter… Sales in 1Q 2022 of 2.6 million tonnes… net cash position of approximately US$159 million”.
181 days ago
Investor, Lawrence Lepard, states that Russia’s actions will likely drive the price of gold, as we’ve reached a tipping point not unlike in the 1970s. Putin is hitting back economically: the theft of reserves was a clear warning to many countries. Thus, the Ukraine/Russia conflict is not only military but economic.
186 days ago
Only kidding Elric, the bit about Optibiotix (OPTI) is at the end. Before that I discuss bear market funding economics (it is more interesting than it sounds) c/o Luke Johnson, Russia & Ukraine, ADM Energy (ADME) and its pre bailout placing spoof, Vast Resources (VAST), Versarien (VRS) and then matters to keep Mr Lemming happy.
189 days ago
Anyone dissenting from the GroupThink frenzy – one whipped up by our leaders and the mainstream media – is dismissed as a Putin asset, a Russian poodle and an apologist for fascism. Thus, one must believe that Ukraine is the epitome of angelicity, and that Putin is indeed committing war crimes against civilians, the likes of which we have not seen since World War Two.
193 days ago
Imperial Brands (IMB) has announced an update on its actions and impact of Russia’s invasion of Ukraine, concluding on Russia “an orderly transfer of our business as a going concern would be in the best interests… have begun negotiations with a local third party about a transfer”.
194 days ago
There now seem to be serious peace talks in Ukraine with both sides, apparently, prepared to give a little to stop the bloodshed. I know too many folks are beating the war drums and bursting with pride every time a British missile takes out a Russian tank but they are mistaken as I explained in a podcast HERE. As a human being I pray for peace and an end to the killing. If there is peace all stocks will melt up, but especially the big caps.
194 days ago
I discuss the latest developments in Ukraine. Then I move on to Fevertree (FEVR), Tern (TERN), Braveheart (BRH), Iofina (IOF) and the fraud Chill Brands (CHLL) and the bucket shop based maths based on liquidity, or rather the lack of it.
194 days ago
I discuss those threats and at a company level I add commentary on Nightcap (NGHT), Cake Box (CBOX) Chill Brands (CHLL), Cellular Goods (CBX) and [email protected] Capital (SYME)
203 days ago
There was no Bearcast yesterday as I was a) knackered after a tough Rogue Bloggers for Woodlarks training walk and then b) a bit pissed after Ireland’s triumph over the infidels. You can now donate to the 2022 Rogue Bloggers walk on June 11 HERE. In today’s podcast I discuss Optibiotix (OPTI), a long chat with Steve O’Hara and an, in my view, mistaken, but for him massive, call by Lemming Investor. I also cover SkinBiotherapeutics (SBTX). The Russia/Ukraine podcast I refer to is HERE
203 days ago
I see that amid some optimism that we might see peace in Ukraine the FTSE 100 is staging a bit of a rally as I write. And with that all sorts of stocks among the small and mid-caps are heading higher. Of course, I pray for peace. If we get it then all stocks will be marked higher but for how long?
203 days ago
I am not a Russian asset and I deplore the Russian invasion but we are not looking at the whole picture and we are being lied to by all sides. I invite you to consider a number of very uncomfortable truths you will not see discussed on the BBC or in the deadwood press.
204 days ago
The map below is fascinating. It shows the first year when each country in Europe reached its population in 2021. In the case of Ireland it was 1825. Then came the famine and mass migration took place. For Northern and Western Europe, with the assistance of mass immigration, the answer is 2021. But look further East and what you see is explosive and might be one explanation of events in Ukraine and Russia.
206 days ago
So what if women and children are being blown to shreds in Kiev. The “good” thing about that war is that it means we must stop using oil and gas produced by the evil Russians – we don’t use much anyway – and thus need to turn to UK Oil & Gas (UKOG) run by Lyin’ Steve Sanderson to bail us out. Talking of which, I wonder how the placing is going…
206 days ago
Again I present this as a counter viewto a one way traffic in the MSM. I can’t say that I agreewith all of what follows. Libertarian commentator Tom Luongo does not hold back.For starters he believes social media should be reserved exclusively for puppy and unicorn videos. As a hardcore libertarian he believes in human rights and is therefore against war as a matter of principle. Wars support the state and they are the worst possible outcome of human interaction. He says that the Ukraine war is full of disinformation and bias from the media and as always the first casualty in war is the truth and that Russia appears to generally be less biased in its reporting. The Russians feel this is the least bad action they can take regarding Ukraine at this time.
207 days ago
What does your listed client have to hide? The truth I suspect. But two days of silence on this Standard listed POS really is not good. I look at what is happening in Ukraine and what happens next and suggest that some Ukranians are now not being sensible or reasonable. I cover Omega Diagnostics (ODX), Amigo (AMGO), Guild ESports (GILD) and Predator Oil & Gas (PRD).
207 days ago
I start with a recovered Joshua learming a new word. Then it is onto Gfinity (GFIN) and Nigel Wray, Guild ESports (GILD), Parlsey Box (MEAL), the markets and Ukraine, Chill Brands (CHLL) – the day’s biggest gainer (pro tem), a true dead cat bounce and Cineworld (CINE). There is also a history lesson for GCSE student, our in house Euro loon, my friend, Jonathan Price.
207 days ago
Petropavlovsk (POG) has today issued a statement “Events in Ukraine.” After this I would feel dirty owning its shares, it shows a company that is morally bankrupt.
208 days ago
I am shortly off to Tesco then will be in action as the family cook. Ahead of that I look at Deepverge (DVRG) run by the arse Gerry Brandon, wondering which will come first, the next trading warning or the next bailout placing, at Mirriad (MIRI) where I disagree with comrade Stacey, Amigo (AMGO), Chill Brands (CHLL), Jubilee Metals (JLP), [email protected] Capital (SYME), Cellular Goods (CBX), oil, gold and Ukraine and finally at Argo Blockchain’s (ARB) latest news.
208 days ago
I take a tour through four weekend press articles starting with that greedy scumbag Nigel Farage – I refer in the podcast to THIS PIECE. Then to two great pieces on Ukraine and on the decadent West by Peter Hitchens and Matthew Syed respectvely before discussing the Sunday Times article on CBD and pot stocks. Finally I discuss Chris Bailey’s excellent piece on this website and my own approach to shares I own, mentioning Skinbiotherapeutics (SBTX) and some news breaking in the USA.
209 days ago
At the bottom of the pyramid of victimhood are women and at the top are folks with pensises who demand that we call them women. And so the total waste of space that is the Vagina Museum, in East London, will celebrate this day by celebrating women who don’t have vaginas. How very 2022. Meanwhile in Ukraine
212 days ago
Forget Ukraine it is not the real driver of the bull case for gold. Analyst Keith Weiner explains what is and why the makes him a gold bull.
212 days ago
I start with events in Ukraine and possible peace and where that leaves some Russian owned stocks. Then I turn to Ncondezi (NCCL) and then a detailed explanation of why today’s Versarien (VRS) analysis matters but also why the cash crunch is coming far sooner than most morons realise and the next bailout for the loathsome Ricketts will not be pretty. And then I ask where next for gold and oil prices and stocks?
213 days ago
I start with events in Ukraine and offer a few thoughts. But I also look at a few companies notably Eurasia Mining (EUA), Versarien (VRS), ADVFN (AFN) – one of which is, I think, a buy – and also, en passant, the fraud that is [email protected] Capital (SYME) and in the context of bitcoin tanking, Argo Blockchain (ARB).
221 days ago
I start with a few thoughts on flooded fields then on where next for Julie “Lingerie on Expenses” Meyer after yesterday’s six months in jail (suspended pro tem) bombshell.I fear that things are very soon going to ge much worse for her. Then onto Ukraine and panic, oil and gold. Then onto Hargreaves Lansdowne (HL) and finally as to why I am so proud of the Mrs which is,in a way, linked to Hargreaves.
222 days ago
So Russian troops have” invaded” the Ukraine. Well to be accurate they have entered the two districts which are overwhelmingly Russian and where the folks almost certainly want to be part of Russia. And to be totally accurate, Russian troops have actually already been there since 2014. But listening to the BBC earlier let’s not get inconvenient facts get in the way: Britain, the EU and the USA are already imposing sanctions. So where does this leave Eurasia Mining (EUA), shares in which are off another 12% to 16.25p – almost 60% down from peak ramp 14 months ago and heading rapidly for an 18 month low?
223 days ago
I start with some thoughts on Ukraine and Russia which some of you may disagree with. Perhaps what is happening there will be a handy excuse for Eurasia Mining (EUA) to ‘fess up to the lack of bid? Then onto how bitcoin and other cryptos are faring as a safe haven right now. And why that makes Argo Blockchain (ARB) such a monumental sell. It could utterly implode. I see that more than 25% of posts on the ADVFN Bulletn Board,a few hours ago,were on Shield Therapeutics (STX) with nearly all of them slating me for all the usual reasons. I do not play the man here even though my critics do seem to have the collective IQ of a Cheese sandwich, but the ball and answer each of the bull points made to rebut my bear thesis in turn.
231 days ago
I comment on a kind post one of you made on the LSE Asylum. In today’s Poirot on Channel 10 he had tired of fighting crime in the City and retired to tend his garden. I know how he feels. I discuss events in Ukraine, inflation and how it those who dismiss the damage it causes, Comrade Stacey, are wrong. Then I look at a BB portfolio of death, something for tomorrow’s bearcast. Two stocks which were both in it are Omega (ODX) and Tern (TERN). After last week’s collapse Omega may now be out – though I certainly would not buy. I discuss the common trait of how both mislead investors. I discuss how all folks should own some oil, a point I have made before, naming the 2 oil stocks I own.
252 days ago
I cannot help but think that unfolding events in the Ukraine are going to be positive for both gold and oil in the coming weeks. But that is not the thesis of analyst Steve St. Angelo of the SRSrocco Report. Steve seeks to show how energy can impact the price of gold and why it essentially sets a floor for the metal. He argues that the foundation of our global economy is the cost to produce goods and there has to be a profit margin: Everything has a margin but unfortunately, investors often forget this factor when evaluating charts.
252 days ago
I start by considering events in the Ukraine where my sympathies are, naturally, with Mother Russia but what could it all lead to? Then I consider why shares in Zak Mir’s Lift Ventures might fly but why his plan is flawed. Then onto THG (THG), Deepverge (DVRG) and Union Jack (UJO) and CEOs who say the shares are too cheap too often or who “fear” a takeover at this price.
971 days ago
The impeachment of Donald Trump will soon draw to a close having been a farce from the outset. The same sort of folks who said that POTUS would have to be impeached and found guilty over Russian collusion, only for that to be dropped as there was zero evidence, then impeached him on Ukranian matters without producing one single witness with first hand evidence. Hearsay from often dubuious sources, will never score a conviction. But if you listened to the BBC’s North American correspondent Jon Sopel, who has an incredibly severe case of #TrumpderangementSyndrome, none of this would be apparent.
1664 days ago
This will not make me popular but I have to say that my fellow Russianophile and guest on RT, comrade Jeremy Corbyn, is taking the correct, if massively unpopular line on the alleged Russian Chemical attack in Salisbury. I don't care if old Jezza is still on the payroll of the Czech secret police he is right.
2070 days ago
Since 1947 The Bulletin of Atomic Scientists have once a year recalibrated an imaginary Doomsday Clock tracking how close we are to midnight, the point at which man destroys the planet. To mark the election of Donald Trump the clock was pushed forward 30 seconds to two and a half minutes to midnight. How the Guardian, Channel 4 and the BBC loved it "He's going to kill us all". Did any of these screaming hysterical liberals watch the last episode of the current series of Endeavour?
2332 days ago
As Ben Elton would say, " a bit political, a bit political." Isn't it sweet the people of Europe sending a message that we don't like Russia and that the Ukranians are all really nice folk? How right the EU was to meddle and ensure that the democratically elected rulers were replaced by a bunch of ultra nationalists supported by, inter alia, large numbers of Jew hating Nazis, which as their first act made Russian speakers second class citizens, thereby provoking an inevitable civil war. Oh, sorry we are not meant to mention the second bit are we. That is the inconvenient truth the twits who rave about last night's Eurovision campfest gloss over.
So I have a song for Russia to enter next year just to put the record straight
2336 days ago
I cannot remember when I first described David Cameron as the heir to Blair. I think it was in 2012 but it may have been at the time of the funeral of Lady Thatcher, whose shoes Dodgy Dave is not fit to lick. Today's comments on Brexit are fantasy lying league stuff which is right up their with with the war criminal Blair's comments on Weapons of Mass Destruction.
2370 days ago
And so the Dutch referendum on the EU's Trade treaty with the Jew hating Government of the Ukraine has seen a resounding 64% no vote - the opinion polls again under-estimated scepticism as some "shy voters" did not dare admit to politically incorrect views in liberal Holland. Naturally the EU and the Dutch "inners" were across the media last night explaining why this vote does not appear what it seems. It was a classic of Orwellian newspeak. Thus we were told:
The turnout was low (32%) and a spokesman for the inners told Newsnight that most of those who did not vote were on his side. So really it was a win for the EU.
2371 days ago
The Dutch are holding the sort of referendum the EU loves today. That is to say the result is non-binding so if the little people vote the "wrong way" their leaders in Holland and their masters at the EU can go ahead and do what they want and ignore them anyway. Welcome to democracy EU style. But the vote could be a snub to Brussels and for that reason lets pray for a No result.
3122 days ago
The EU and USA are not recognising the referendum in Crimea. In both zones the political classes simply fail to understand that democracy is the will of the people and that for almost 100 years an abiding principle of international law has been the principle of self-determination.
Today I feel more strongly as ever on this matter.
The referendum in the Crimea was not perfect. I am not sure that 95% of Crimeans really wanted to rejoin Russia. But the vast majority clearly did. And as such let the people have their say.
In contrast when the people of, say, Ireland have voted no to the concentration of powers within the EU, the leaders of the Evil Empire have simply bullied them and told them to think again.
In Kosovo the 1991 referendum was clearly somewhat flawed. Would you as a minority Serbian have rushed back to your burned out village to vote? But most Kosovans wanted to be free of Serbia – that was clear and so the EU recognised the result. Natch the EU did not recognise referendums held in Northern Kosovan districts in 2012 which – with a Serbian majority population - voted to leave Kosovo.
For the EU referendums are only valid if the little people vote the right way. Otherwise they are either not recognised or the little people are told to vote again. This is not democracy. What has happened in Crimea is democracy. And as such we should be supporting it and the principle of self-determination without reservation.
The UK should today be imposing sanctions on Belgium and confiscating the assets of anyone employed by the Evil Empire at a senior level in order to show our support for democracy and self-determination and our opposition to those who seek to deny the wishes of the people if those wishes are “inconvenient.”
3129 days ago
I warned the other day that the situation in Ukraine could be the straw that breaks the camel’s back for AIM Cesspit listed drowning in debt dairy products group Ukrproduct (UKR). Read between the lines of a trading statement today and if you own this stock you should flee for the exit ASAP.
3130 days ago
It did not gain much coverage in the UK press but last week the Israeli Navy intercepted a boat called the Klos C which was on its way from Iran, carrying a very special cargo, ultimately destined for the Hamas regime in Gaza.
This is the regime which receives vast amounts of funding from the EU every year. It is a regime which, according to the EU and other apologists for any crime committed against Israel is peace living and only acts in defence. So what was the Klos C carrying?
It was carrying missiles with the ability to hit any spot within the State of Israel and to kill Jews. For that is what Hamas is committed to. Of course when the Israeli Defence Forces intercepts ships with cargos ultimately bound for Gaza to stop deathly weapons getting through this is viewed as an act of aggression by its apologists in the West.
And so I ask you for suitable captions for this picture, the winner getting a discount voucher to Maribelle's
For what it is worth my entry is: “Fresh from creating harmony to the Ukraine, EU foreign minister Baroness Ashton issues a message of thanks to the people of Iran for their assistance in creating a one-state final solution to the problems in Palestine.”
Last week I asked you for captions to this picture of a man born with a silver spoon in his mouth who has never done a useful day’s work in his life and also of Prince Phillip.
The impartial judge (my cat Tara) reckons that the best entry came from me, viz:
"Okay that is Fergie taken care of now where should we put Boris Johnson?"
I hope that you can do better than me this week – post your entries in the comments section below.
3134 days ago
The democratically elected President of Ukraine was a prize rotter but was ousted in a coup. The EU supported that coup because the old guy was not so keen on joining the warm embrace of the EU.
The Ukraine is bankrupt. It is set to default on its debts because a) its bloated Government spends too much, b) it was and probably still is run by crooks.
Large parts of the Ukraine do not want to join the EU. Sadly those large parts are generally the economically viable Russian speaking parts in the East. It is the unviable Western bits that wish to sign up to the joys of the EU. And, having prompted this mess with its meddling, the EU now wishes to send 11 billion Euro off out east. But hang on a sec? The EU has its own deficit. It has only just asked the UK to pony up an extra couple of billion quid to cover that black hole. Several of its existing members (Greece, Spain, Italy, etc) are themselves bust.
Where is this 11 billion coming from? The bloody Money Tree of course. That is to say taxpayers in the not yet bust EU countries now. And future generations of taxpayers in any EU country that is still solvent in years to come.
Grotesquely overpaid politicians love spending other folk’s cash and the EU serves up the worst offenders in this respect – step forward Cathy Ashton, for example. When will it learn its lesson: a) stop meddling outside the EU, b) sort out your own near-terminal problems before trying to fix those of others?
The EU fostered the coup and now wishes to send your cash to support a regime containing a good sprinkling of Jew hating neo-Nazis. It should instead be apologising, firing the lead meddlers and allowing Ukraine to go bust and market forces to work their magic.
Which country has done better since it faced bankruptcy Greece or Iceland. The former gets the EU bailouts, the crooks stay in charge and is still bust with its population facing economic Armageddon. The latter went bust, sent the crooks to gaol, reconstructed and is now the fastest growing economy in Europe.
I guess Ukraine wishes to follow the Greek model.
3136 days ago
UKR Product (UKR) is an AIM listed company with a curious attitude to corporate governance (see here) and which is drowning in debt. In its most recent trading statement (i.e. profits warning) it said that debt was manageable if it saw an improvement in trading in 2014. Er…have you checked Sky News recently?
Yes, the company is a producer of dairy products in that current must visit holiday hotspot the Ukraine. It strikes me that the business climate out East might be a bit troubled right now. And it is not as if this loss-making company was in anything other than a very poor financial state before as I explained HERE.
As of today, bank withdrawals had been limited to $100 to stop a run on the banks. Those who should be working the fields have just been called up to the army. The PM says Ukraine is at war with Russia. Do I need to go on?
3137 days ago
Tom Winnifrith returns with a video postcard which inevitably starts with Ukraine and the concept of blowback.
Tom refers to his strong sympathy for President Putin & Russia which he explains in detail HERE
But he goes on to discuss the wider idea of blowback – a Ron Paul concept – and how it marks the failed foreign policy of the West and has to stop.
Tom also covers the UKIP Spring conference – it lamentable failings in policy areas but Tom ends with a concession that he will probably vote UKIP anyway on May 22nd. He explains why.
Tom’s financial postcard covers Ukraine and the probably market sell off Monday. Is this a buying opportunity? No! Tom also covers lunacy in tech valuations and Warren Buffett and sex. It can be viewed HERE
3137 days ago
I doubt that this will be popular but the mess that is the Ukraine today is not the fault of Russia but of liberal leaders in the West who just cannot stop meddling in other folk’s affairs. As for the response of Vladimir Putin and Russia, I have every sympathy with the old tyrant. On this occasion his actions are utterly defensible.
Let’s start with the overthrow of the crooked former President Yanukovych. There is no doubt that he was looting state coffers and was not a very nice man. He was, however, democratically elected. The EU has been trying to get the Ukraine into its orbit with a treaty of co-operation for a couple of years. The President was not helpful. So the West meddles.
The West does not really understand that the Ukraine is not exactly a homogenous block. It should perhaps have looked back to the last War when most Ukrainians fought alongside the Russians but a good number fought either for an Independent Ukraine or actually fought with Germany. But heck that is history so who cares, the EU marches on.
And so we supported tacitly and indeed verbally those who wished to overthrow the President. Senior EU politicians flocked to Ukraine to offer support. Why? It was none of our god damn business? Look at the speeches of US Politicians such as John Kerry but also the truly abysmal EU Foreign Secretary Baroness Ashton. As in Syria we back the rebels against an unpleasant regime just assuming that your enemy’s enemy is your best pal. As in Syria we are wrong.
I accept that many of those who protested in Kiev are good folks who would feel at home in a liberal Western democracy. But the hard-core, the ones that held firm against the riot police? Think again. Those hard core are the militant wings of political parties that are now represented in Parliament. Watch some recent interviews. I quote the leader of one of the largest militias (interviewed on the BBC) “We are nationalists, we want a country for Ukrainians…that means without any Russians…or Jews.” These are the folks
3137 days ago
Naturally I rather hope that events in the Ukraine do not spiral into World War Three as I rather sense that this really would be the war to end all wars. And everything else. But always seeking solace of a silver lining in every nuclear cloud here are my ten looking on the bright side reasons for cheer.
3143 days ago
I think that I must have watched all of thirty minutes of the Winter Olympics and that is only because I have always had a very soft spot for Hazel Irvine. Cripes, is that the sort of thing one should admit to in print? I digress.
Did the BBC really need to send such a large team to cover the Games? There were in fact more BBC staff at the Games than members of Team GB. That is, I am afraid just so BBC.
North of the games there is a different drama playing out in the Ukraine. I rephrase: if you have woken up after snoring in front of the Men’s 20 km cross country ski where they also shoot guns event, there is real drama in the Ukraine. So on the BBC news we have reports from two different reporters on the ground (each with a camera crew). Switch to Newsnight and there is another BBC reporter with a camera crew. Over on radio 4 I can hear another chappie.
And guess what none are breaking news. All are simply relaying events with a slightly different emphasis but basically importing facts. How many BBC reporters are now in Kiev and how many BB support staff? Anyone care to hazard a guess? Can anyone actually justify it?
Can anyone explain why the BBC needed so many folks on the ground at the Olympics? Surely all we need is non-stop Hazel Irvine from the studio with pictures brought in from Russian TV and a few expert commentators for the odd sport about which Hazel does not have a truly encyclopaedic knowledge?
As ever, organisations where there is no bottom line to worry about are always rather poor when it comes to basic cost benefit analysis and cost control. Meet the BBC.
3195 days ago
I have noted before that the way that AIM Cesspit listed Ukrainian dairy products group Ukrproduct (UKR) announces bad news smells like a six week old pot of cream left in the baking sunlight of the Steppe in August. And so as 90% of share-watchers enjoy their last day off, the company has slipped out another dire trading statement.
You can read my comments on the curious way this company announces the departure of directors, all signed off as kosher by corporate adviser Mr Dick, HERE
Today’s statement confirms what we all suspected. EBITDA for 2013 will be sharply down on 2012. Blame higher milk prices, ripples in the soft cheese market, whatever – it is hard to imagine that doing business in the Ukraine right now is that much fun.
Worse still the heavy debt this company now carries means that the I (for Interest) number has gone up sharply. So what is the bottom line number (i.e. Profit before tax) going to be? I refer to today’s statement.
“Net income will be impaired by the sizeable increase in interest charges arising from the EBRD loan leading to the negative net profitability for the year.”
Put another way this company is loss making. It blathers on about how it “plans to return to positive profitability in 2014.”
You know what? I have made plans for 2014. After watching West Ham lift the Premiership trophy on the final day of the season following a five month run of 3 points from every game with Carlton Cole scoring hat-tricks every match, I am off on a one week romantic break with Cheryl Cole in the West Indies. I cannot wait. Neither, I am sure, can Carlton and Cheryl.
3479 days ago
Cupid (LSE:CUP) has today issued a statement denying that it the Scottish headquartered online dating agency does anything wrong. I quote in full:
“Cupid plc strongly refutes all allegations that its business model or practices and procedures are in any way fundamentally flawed, inappropriate or illegal. The directors believe that there has been a great deal of misrepresentation and ill-informed speculation in the marketplace and the Company is currently taking legal advice on these matters.”
The critical allegations are those made in a Kyivpost.com article of 15th March. The journalist responsible has confirmed