388 days ago
Thanks to Nomad and broker Cenkos (CNKS) and Dowgate Wealth management, the AIM sewer has a new recruit, a totally pointless investment company, Onward Opportunities (ONWD). This is not capitalism it is crony capitalism. The City boys will make £1.1 million in fees over the first 12 months. Even with inflation that will secure the services of many Ukrainian young ladies and buy stacks of Colombia’s finest. Meanwhile shareholders will almost certainly lose money.
580 days ago
Put it in your diary now. That is ShareStock 2023. Come on Jimbo you have more than a year to persuade your Mrs to allow you out for the weekend. Courage mon brave! In the podcast I look at Audioboom (BOOM), Parsley Box (MEAL), Fevertree (FEVR) and the greed of Novum, king of the spivs Jon Bellis and Strand Hanson with 2 Standard List IPOs today. No way on earth with that structure will anyone bar the crony capitalists make money from those deals. Coke & hookers all round.
632 days ago
The answer? Previous ways of doing so already work jolly well. And that brings us to musicMagpie (MMAG), a company with a proven fraudster one missed heartbeat from the helm, that has deceived its investors, is burning cash and has no real USP. Great! Just the sort of company with which a bankster might do business, particularly as we enter a recession. Coke and hookers all round. Today, we learn that NatWest and HSBC have offered it a three-year RCF, an overdraft for corporates. Boy will music need that cash.
1143 days ago
After years as a serial AIM dog about which we repeatedly warned, Mountfield Group (MOGP) is now a cash shell c/o a Peterhouse Corporate Finance Special. A recent placing at 0.1975p has allowed many of the spiv, sewer dwelling, clients of Peterhouse to flip their stock for a quick turn. For them and also the advisers who racked up costs of c£300,000 on the £3.1 million placing it is coke, hookers and in many cases warrants all round. Yum Yum. But this is perhaps not a total tale from the sewer.
1193 days ago
Sabien (SNT) has been around for years developing boilers that were going to revolutionise the world. Whatever. Floated at 52p per share in 2006, its shares now trade at 0.1p after more catastrophic news. Losses to date are in excess of £5 million but at least it has been providing a steady source of coke and hookers cash for London’s Nomads, brokers, PR fluffies et al. Today came a real shocker.
1199 days ago
How do you know when sleazy former Tory MP Tim Yeo is lying? Simple: his lips move. Let me give you an example as, the firm he chairs, Powerhouse Energy (PHE) today raised £10 million at 5.5p, a 35% discount, thanks to bucket shop broker Turner Pope. Whilst it is coke and hookers all round as Turner Pope considers its £500,000 commission, I want you to consider this statement from 9 September 2020:
1269 days ago
Advisors to AIM listed companies get paid fees. Moolah. Money. Hard cash to spend on coke and hookers. That is the way of the world. But, for some folks, that is not enough.
1344 days ago
Standard listed Cobra Resources (COBR) is the sort of enterprise that gives Aussie stock promoters a bad name. It has two brokers to pump the stock and do placings as often as possible, the esteemed blue chip houses of Peterhouse and SI Capital. Lots of placings, lots of dilution, but lots of commission, coke and hookers all round. It also employs THREE firms of the calibre of LSE Share Talk to pump the stock to mug punters. But an RNS release of 17 August surely goes a step too far.
1431 days ago
I have noted many times before that SP Angel is so utterly desperate for clients to fund the coke and hookers bills that it will act for any corporate even a brazen fraud like MySquar (MYSQ). It is morally bankrupt and, without doubt, London’s worst Nomad. As such with WH Ireland having quit as Nomad to Eurasia Mining (EUA) over the lying and other matters there was only one Nomad to go to, only one that would act for a company like this.
1544 days ago
One clown is Justin Waite from Vox Markets the other is Mr Tumble who entertains folks Joshua’s age on CBeebies. I explain the two big differences betweeen the two Justin the Clowns. I look at a classic feck up by London’s worst Nomad Roland “Fatty” Cornish. poor man, he has a lot on his plate right now. I look at Andalas Energy (ADL) what the broker coverage of Petards (PEG) shows about the cesspit in the City and I cover just wholly unacceptable executive greed at Coro Energy (CORO). I forgot to mention crony capitalist greed at Toople (TOOP), a coke and hookers event for City spivs but you can read about it HERE. I do, however, comment on NMC Health (NMC) and Finablr (FIN).
1555 days ago
Last night I was flamed on twitter by a host of Eurasia Mining (EUA) investors, a group who made your average Versarien (VRS) investor look like a true multi brained genius. I kid you not. One wanted me to hire him as a journalist as he had posted a few comments on BBs about Eurasia and that, he thought, qualified him. Another said I couldn;t be a proper journalist if I did not interview Eurasia, preferably by flying to the Indaba coke and hooker fest. And so it went on. The fact that Eurasia lies to investors ahead of fund raises & abuses market rules in private chatrooms was dismissed as irrelevant. Anyhow this is a hint as to where to seek out a winning entry in this week’s contest. What is the most moronic post you can find on the ADVFN, iii or LSE Asylums or on twitter? Entries should be posted in the comments section below with a deadline of midnight on Sunday 26th.
1561 days ago
How different it was eighteen months ago when Investec raised £62.5 million at 160p to IPO Theworks.co.uk (WRKS). Just think about how much coke and how many hookers you could snaffle from crony capitalist Investec’s fees on that deal! Hmmmmmm. You bring the hookers, I’ll bring the Charlie, the lads at Investec are ‘avin’ a party. Today, after just avoiding yet another profits warning, the CEO has been resigned with immediate effect and the shares are just 33.9p. Ouch.
1629 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….
1748 days ago
In today’s bearcast I look forward to the new show on Wednesday which will be half recorded by the end of today. I cover Mortice (MORT) a tale of shareholder woe friom the AIM Cesspit, Kier (KIE), Dev Clever (DEV), Anglo African Oil & Gas (SCUM), Premier Technical Services Group (PTSG) and Mobile Streams (MOS), where I study what happens to cashflow when a company is near to death and the red flag gaps in today’s trading statement.
1782 days ago
I start with a discussion of the gender pay gap in football and why it is so much hogwash. Then I look at Neil Woodford and the useless FCA. Then I cover two stocks I own, Fox Marble (FOX) and Venn Life (VENN), and two which I don’t Ted Baker (TED) and then a long term target of mine MPorium (MPM), a tale of AIM woe.
1880 days ago
In this bonus bearcast I comment on today's lack of profits warning from WH Ireland (WHI) and the bailout placing now underway which I had predicted. I look at WH Ireland and its woes but it is symptomatic of an industry in crisis. FinnCrap (FCAP) must warn sooner or later and most of the rest of the Nomad/brokers already have. What is needed is massive wage cuts across the board. Thankfully for supliers of coke and hookers, that will not happen which means a structural and cyclical crisis will claim more casualties soon. If you enjoyed this slating of the City's broken business model why not support the Rogue Bloggers for Woodlarks HERE.
1942 days ago
This is a typical AIM Cesspit tale of woe and greed. CSF Group (CSF) listed on the AIM casino in 2010, a smallish Malaysian company of no interest to anyone. But the advisers raked it in with fat fees and fat promises to the board and shareholders. Coke and hookers all round in the Square Mile. Wind forward to August 28 last year.
1978 days ago
Okay, he is a conceited, overpaid, arrogant mother so I don't really feel sorry for him but I explain his appalling problem at doomed RM2 (RM2). I also look at Inspirit (INSP), Sabien (SNT) and Tomco (TOM) all three of which should be taken out and shot as their sole purpose on the AIM Casino is as a funder for the coke and hookers used by crony capitalists in the City. I explain a flaw (or two) in Malcolm's thesis today as I look at three retailers in trouble: Marks & Spencer (MKS), Debenhams (DEB) and Mothercare (MTC).
2039 days ago
Cynical Bear warned you that the 62p per share, £63 million, IPO of Mirriad Advertising (MIRI) would cause tears before bedtime. Obviously not for IP Group (IPO) which was able to justify its daft pre IPO investments in relation to that crackers listing price. Nor for Nomad and broker Numis or PR parasites Hudson Sandler which will have earned fat fees for the listing. Coke and hookers all round for the crony capitalists. But for anyone dumb enough to buy the stock since the IPO this has been a horror show. The shares are now just 30p mid, they have more than halved in ten months on the AIM Casino. So what’s today’s news? It is bad, natch.
2477 days ago
The house broker on AIM earns its money not from investors but from corporates. It banks £2-4,000 a month as a retainer and then makes 5% commission on any funds it raises. Lovely jubbly, coke and hookers all round. Of course that makes its research less than impartial. Prostitutes do not tell their clients that they have a small dick and so you would not expect Arden Partners to conclude that shares in Mercantile Ports & Logistics (MPL) are worthless crap, which they are. Welcome to a strong contender for the worst research note of the year to date.
2497 days ago
In case you missed it, last night was the The fifth annual Small Cap Awards' black tie gala in London. The crony capitalists from across the Square Mile gathered to say how well they had done being paid vast amounts to stuff dumb fuck investors into shite stocks, before the spivs departed for some late night celebratory coke and hookers. And boy were the crony capitalists doing well. Let's start with the winners:
2747 days ago
Oh dear it may well be ouzo o'clock round at Sheriff Towers if not all round coke & hookers time, as it has just been pointed out that one of those silly folks who made the mistake of trying it on with legal threats appears to be in a spot of bother. Congratulations, you have just met the Sheriff of AIM....
2822 days ago
I have warned you repeatedly (the archive is HERE) that AIM listed Magnolia Petrooleum (MAGP) is a dog with fleas that exists merely to keep its useless board in well paid employment and to provide coke and hookers money for the crony capitalists. It will never make money for shareholders. Hence today we see a laughable bailout placing. Death is merely postponed.
2974 days ago
Words fail me. You want a sure fire way to lose money then welcome to a new service launched by former City analyst Rob Mundy, Research Tree. It is in every way, shape or form an abomination which deserves to die at birth.
For years City brokers have said that their research can only be sent to institutions for compliance reasons. We private investors are just not smart enough to understand it. In fact I have an email from just three weeks ago from FinnCap to me making this very point.
Now for £40 a month you - a private investor - can access that very same investor research from 17 firms (including FinnCap) supplied via Mr Mundy and his new platform. No doubt Mundy operates on a revenue share model with the brokers and they are having such a tough time they need all the cash they can get. FFS coke and hookers don't come cheap do they?
But
3207 days ago
I am on such a high. But there is no coke involved. Or hookers. Heck I'm not a crony capitalist just a capitalist and I've had a cracking day so far as I explain. Then to Greece and China and why China matters and why the Chinese Canute's won't win. And then onto LGO Energy.
3295 days ago
He sent me a string of lawyers letters but today Peter Landau lost his last AIM directorship as Black Mountain was booted off the casino. Hooray. Coke & Hookers for myself and Oakley tonight. I look at three other companies that may well go the same way, Insetco, Daniel Stewart and Gate Ventures and how the issue of Nomad resignation works. I also look at Advanced Oncotherapy, Torotrak and discuss when Uk Investor Show videos will start to appear - we will start very soon with a Horse Hill treat. PS You still have until 4.30 PM TODAY to enter the UK Investor Greek Hovel prize draw HERE
3400 days ago
Deputy Sheriff of AIM, Nigel Somerville has just published evidence of total horrors at Tern (TERN) - HERE - which will cause private punters awful one month losses. The crony capitalists meanwhile get to enjoy coke and hookers all round. This is, at best, grotesque negligence and at worst it is outright deception. Heads must roll for this AIM Casino omnishambles.
3416 days ago
Just a short podcast from me on the bruising events of last week with Audioboom (BOOM) - how it reacted, how any company facing hostile comment should react and why it all really does not matter in the end if Audioboom delivers operationally. Still no coke and hookers received from Audioboom as an apology but I wish them all the best of luck in 2015 anyway. I am such a nice guy.
3441 days ago
Redleaf Polhill, the PR firm for the fraud Quindell (QPP) is holding its "tech showcase 2014" next Thursday in the City with five of what it terms "the most interesting plays" presenting. And yes, you have guessed it! One of those interesting plays is Quenron. I am almost tempted to delay my Greek trip by 48 hours to go along for the free booze, canapes, coke, hookers and the chance to hear Rob Terry present and field some questions.
But I have a sneaking feeling that Rob might not be there either because he has quit, because Quenron has collapsed or beacause he just could not face the humiliation and ridicule. I am also not entirely certain that given the active complicity of Readleaf in a smear campaign against me, that the unprincipled crony capitalist PR bimbos would even allow me to attend. Presumably they would argue that it is just for "proper" investors like Tom Dobell at M&G or for thick as shit journalists like Harriet Denys who wont ask tough questions.
3461 days ago
I really do not care about the POS company that is Touchstone Gold. It is typical of the detritus at the bottom of the AIM Cesspit. But its RNS today is a shocker - it is grotesquely misleading. Behind it lies a tale of management incompetence and greedy and venal crony capitalists on the AIM Casino who care about nothing other than lining their own pockets and funding the coke and hookers. Shareholders are just there to be screwed. All of the guilty parties are named and shamed and the lies exposed in this scorching podcast. Yes. I am angry.
3491 days ago
Some sparkling entries in the Sunday caption contest which celebrated the financial woes of crony capitalist City advisor Daniel Stewart (DAN), the firm that coined it in floating Quenron (QPP), Naibu (NBU) and China Chaintek (CTEK). Lest we forget Daniel Cesspit has also made more than £1 million in recent years raising money for Globo. Double coke and hookers all round. You can see all the caption entries HERE but the winner is:
3506 days ago
MoPowered Group (MPOW) raised a gross £3.64 million at 100p when listing on the AIM Casino on December 18 2013. The shares now stand at 20.5p valuing this POS at just over £3.2 million. And while it says that it is going ahead with a £3.5 million fund raise you’d have to be mad to subscribe as this has red flags all over it. Death is all this deserves.
Of course £3.64 million did not go to the company. The admission document reveals that the cost of the IPO and fundraising was a staggering £700,000. That will have paid for an awful lot of hookers and coke at offices of brokers, Nomads, PRs, accounts and lawyers across the City last Christmas. It is a staggering sum. So where are the shareholder’s coke and hookers?
Where are they? Oh don’t be stupid. We shareholders get no coke and hookers. This is AIM. This is crony capitalism. Our money is simply transferred to the Crony Capitalists of the City. The coke and hookers are all for the Square Mile, not for the peasants. We are just there to pay for them.
