bonus

78 days ago

Adam Pollock of Corporate Broker Oberon: Do you have no shame?

If you lie down with dogs you end up with fleas. Adam Pollock of Oberon Investments appears to have forgotten that.

175 days ago

The greed of Harry Adams: an update as the trougher hides behind the skirts of his chums

On Wednesday I fired off THIS LETTER to Harry Adams which has two issues covered: are there delays at Tulu Kapi but, as importantly his extraordinary level of greed, a contrast to the financial suffering we loyal shareholders have suffered. I don’t expect a formal response on the first matter. Frankly Kefi’ Gold & Copper's (KEFI) silence makes me more hopeful that all is on track but given its historic record, we shall have to see.

177 days ago

Letter to Harry Adams: hand back your bonus before Kefi peasants revolt and Ed has you for breakfast!

I have written to Harry Adams, the boss of Kefi Gold & Copper (KEFI) urging him to hand back his bonus paid last year as it is simply not deserved. Advisors to Kefi tell me that Harry thinks that his package of £733,000 for last year (up from £362,000) and including bonuses of £260,000 is fair and justifiable. He is 100% wrong about that as explained HERE and I have urged him to change his pay structure retrospectively as of January 1 2025 and to repay his bonuses.

182 days ago

Tom Winnifrith Bearcast No 1: Shaming water company fat cats, this is all spin and does not address the real issues

As you would expect from this Government news about fat cat water company bonus limits is all spin and piffle and I explain why it goes nowhere close to tackling the real issues and is a dishonest distraction.

862 days ago

EXPOSE: the Wandisco bonus scandal - this is what makes AIM a sewer!

It is on page 42 of the Wandisco (WAND) annual report, sent to shareholders yesterday, where you find what must be the most disgusting reward for failure the AIM sewer has ever seen.

1109 days ago

Genedrive rewards executive failure & deserves to go bust: full year results

When David Budd joined Genedrive (GDR) as its CEO in early 2016 the shares were 116p.  Today after diabolical full year numbers the shares are now just 10.5p. So we are all in it together right? Er wrong. While investors have lost 91% of their cash Budd has trousered just over £2 million including an inexplicable 2020 bonus of more than £207,044 taking his total package that year to £444,615. Oink. Oink. It gets worse…

1316 days ago

Novacyt – receives £134.6 million claim from Government – this is all to do with the bonus of ex CEO Graham Mullis and stinks.

As folks guzzled on the covid testing hype one man grew very rich. Graham Mullis was CEO of Novacyt (NCYT), a nothing biotech perennial dog which just happened to have a test. Mullis was to be awarded a cash bonus, the size of which was dependent on the share price on October 17 2020.

1491 days ago

Scumbag champagne socialist Lord Drayson plans MBO at Sensyne – will he repay £850,000 IPO bonus?

Scumbag Labour Lord Drayson has today stated that the market fails to value his Sensyne (SENS) company and that as a result the company is enterimg a formal sales process as he tries to secure funding. So why might the market “undervalue” this company? Take your pick from these reasons.

1537 days ago

Novacyt admits possibly loss making – a reminder of that porcine executive bonus plan

You may remember that directors of Novacyt (NCYT) made an abosolute killing because of a cash bonus plan which was dependent on the share price at October 17 2020. Assisted enormously by news of a massive contract win with the DHSC announced on September 29 the shares were c930p on D day. Today they are 325p as the horror of the DHSC feck up emerges. As a reminder here is what Novacyt said on 29 September sending its shares roofing it:

1733 days ago

Putting fat cat share purchases into context: Sam Smith of Finncap

As per its recent trading statement, Finncap (FCAP), like every other City advisory and broking firm, has enjoyed a quite amazing year. It is the nature of this industry that it is either feast or famine and with massive M&A activity, debt and equity refinancings and even IPOs in the small and mid cap space, even Finncrap must have coined it in. That brings us to today’s news that its, self-important, smug and woke, CEO Sam Smith has bought 130,000 shares at 30.5p.

1933 days ago

Reach4Entertainment – shocking forced disclosure of potential windfall AFTER massive CEO share buying & what about his bonus?

With its hand forced by media reports, Reach4Entertainment (R4E) has been forced to admit that it could be set for a material cash windfall, but this comes only after the CEO of the soon to de-list AIM company, Marc Boyan, has engaged in massive share buying. It gets worse.

2310 days ago

Hargreaves Lansdown talks utter shite in insincere Neil Woodford Mea Culpa

As it announced pretty decent full year numbers, shamed Hargreaves Lansdown (HL.) did its best to pull the sting from the Woodford scandal by announced that CEO Chris Hill would skip his 2019 annual bonus altogether. But with respect the firm talked utter shite…

3049 days ago

FRC looks into Mitie and auditors Deloitte - will Tory Baroness Ruby McGregor Smith lose her Peerage? An acid test for the politically correct...

The Financial Reporting Council has announced that it has opened a formal investigation into the accounts of outsourcing group Mitie Group (MTO) for the years to March 31st 2015 and 2016. Mitie is in the spotlight and auditors Deloitte will also be investigated. So what has Baroness Ruby got to say about this?

3516 days ago

Tom Winnifrith Bearcast 19 April - God I am productive as 88 Energy Dumps

I am still a tad under the weather but still I am jolly productive on the article front. In today's podcast I cover a valid point made by a UK Oil & Gas (UKOG) owning moron, look at Andalas (ADL) and 88 Energy (88E) - you were warned folks. Likewise Northern Petroleum (NOP) where I have no sympathy for CEO Keith Bush. He deserves a black bag and a P45 pronto. Frankly after his 2014 bonus piano wire is called for.

4204 days ago

Rob Terry of Quindell and his £720,000 cash bonus – a shocker or not?

I see that the Sunday Times has had a go at Quindell (QPP) CEO Rob Terry for picking up a £720,000 cash bonus last year given that the share price has halved in recent weeks. The Newspaper is right but for the wrong reasons.

Bonuses should not be linked to share price performance. We all want to see a CEO present a case well so the shares go up that is part of the job. But to link a bonus solely to short term share price movements merely encourages ramping and is not the way to deliver a sustainable long term growth in shareholder value. So in my view a bonus should not in any way be linked to the share price.

As it happens