1807 days ago
When bear raiders Boatman Capital savaged Babcock (BAB) with its first report, Babcock tried to play the man not the ball, casting aspersions on its anonymous critics but history has rather vindicated the bears not the board. Now Boatman has produced a second report, focused on the need for further write downs and on the complexity of the company’s structure. The report, in full, is below.
1954 days ago
Recorded in a car outside the mother-in-law's house in the Grim North I start with explaining just how bad this weekend will be for retail UK and what happens next. Then using ASOS (ASC) as a case study I go on to show why all broker research is pointless and worthless shite. Then to Babcock (BAB) and why bear raiders are ususally right, Boatman has been.
2615 days ago
Some bear raiders are on the pitch...they think it is all over: it is now! Nope not West Ham winning the World Cup but the stockmarket career of AIM fraud Cloudtag (CTAG). Nomad Cairn has brought forward its resignation from April 10 to last night, the £975,000 placing announced last week has been pulled and it is ouzo time for me while on the council estates the LSE Asylum rampers gnash their teeth. Come on guys, say it slowly "Yet again Tom Winnifrith was right and we are morons, we apologise for all the abuse we gave him, the Sheriff of AIM rocks!"
3259 days ago
Some folks want short selling outlawed in the UK. In this podcast I explain why they are wrong. Short sellers/bear raiders do everyone a favour.
3577 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
