632 days ago
Nightcap (NGHT), the bars chain floated in a deal to save face for Dragon’s Den star, the ghastly Sarah Willingham, has a curious period end 27th June and December. I have previously noted how this allows the company to mislead investors, as its period-end balance sheet will always include a full month’s cash inflow, but not the final month’s wages.
2930 days ago
I woke up last night panicking that after staggering home from a boozy lunch with Lucian I had written a drunken piece laughing at all sorts of folks after Phorm admitted it was bust but that I had just written it becuase I felt like it not because it was true. Imagine my relief to discover that it was in fact true and with hindsight I think I write jolly well when drunk. Perhaps we should have a writing contest myself & Paul Scott both drunk vs two boring sober bastards. I digress. I look at BP and executive pay and unable to resist poking some fun at the ghastly Nicola Horlick and dreadful Channel 4 News. I look at 21st Century Technology ( C21), Gulf Keystone (GKP), Strat Aero (AERO), Grand Group (GIPO)) and 88 Energy (88E) where Lucian is short. In a sort of flashback I recall our discussion yesterday on 88 and recount it.
2954 days ago
Cabinet Minister Amber Rudd has been marked down as a ghastly careerist harpie for some time. Her last appearance on Question Time, or rather the last that I could bear to watch, saw her refuse to point out that it was the private sector not the State that created jobs and wealth as she spoke to a hall packed with clinically obese welfare junkies from the grim northern post industrial wastelands. Ms Rudd is someone who will say whatever she thinks will advance her or her cause. I have no idea what she actually thinks if indeed she thinks at all.
As such it is no surprise at all that she is a fully paid up member of Project Fear. And last week she served up the shock claim that if we leave the EU, British Energy bills will rise by £1.5 milion a day - please note that we pay c£30 million a day for the privilege of being in the EU. Let's ignore real maths, Amber reckons we must vote against Brexit to avoid increased power bills.
It is hard to see where Amber gets this idea from other than the drawer marked "bogus claims Project Fear". But
