bank

1315 days ago

The Italian Job Supply@ME Capital: 8 billion euro funding by buying a bank: this is just plain fantasy

Boy how the Bulletin Board Morons were creaming themselves this morning on this news. Shares in the Supply@ME Capital (SYME) scam surged to 0.75p although, as I write, they are back at 0.625p. They are still top of the leader board and 30% ahead on the day and this has happened on the basis of an announcement that is just shear fantasy.

1636 days ago

Woodford Patient Capital Trust breaches bank covenants after another huge asset write-down

After a massive writedown in the carrying value of Industrial Heat was imposed on Woodford Patient Capital Trust (WPCT) today, the company is almost certainly more than 20% geared and thus technically in default on its bank loans. It has hyet to ‘fess up but you can do the math…

2237 days ago

Brokerman Dan literally robbed in new ADVFN awards - surely he had a hat-trick in the bank?

ADVFN (AFN) has today published its list of big advertisers on its website, oops I meant to say its awards for outstanding contributions to financial services. As ever I take the list of winners with the gravity that is merited. They really are the cornerstone of the financial calendar these days. But one fact screams out at me: BrokerMan Dan Levi was on a hat-trick as share blogger of the year - surely he had the title in the bank. But he's been robbed. 

2749 days ago

Exclusive: New World Oil & Gas - RTO off because of the Kazakh bank heist & Niel Petroleum money laundering

This needs to be the day when London's worst Nomad Roland "Fatty" Cornish is drummed out of the City of London for good. This will shock you. New World Oil & Gas (NEW) has abandoned the RTO with Big Sofa but has not said specifically why. So let me assist.