1872 days ago
I start with the utterly shite journalism of Jeff Presstrip in the Mail on Sunday which disgraces our profession as I explain HERE. Then it is onto Neil Woodford and two issues. First why HL just cannot tell its dumb clients to sell and, secondly, why the yield on the flasgship EIF will plunge from 4.1% today to something starting with a 2 within a year, if the fund still exists. That is by no means a given. If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.
2483 days ago
FastForward (FFWD) the investment company chaired by my old friend, the offshore based asset stripper Mr Jim Mellon, served up results for the year to 31 March today. Cynical Bear will give them the full workover they merit over the weekend but I could not give my old pal Jim a completely free pass. The numbers are shite
2617 days ago
Serial misleader and worthless bag of AIM listed shite Advanced Oncotherapy (AVO) today announced that it has secured death spiral financing for £13-26 million from the lowest of the low DS funders, Bracknor. That is bad enough and will see the shares forward sold to buggery, as I will outline in a separate piece. What is worse is that it exposes Advanced for again misleading investors.
2914 days ago
24 hours to go to UK Investor and I am screaming at all comers, I really hate the days in the run up to the show. Anyhow (it will all be over tomorrow and I hope you have a great time. Can someone bring me a bottle of ouzo to dull the pain afterwards? On today's podcast I look at the Restaurant Group (RTN) and what its profits warning says about the economy and consumer behaviour. I look at David Lenigas associated shite Octagonal (OCT) and its rum and coke statement, Nighthawk (HAWK), London Capital (LCG), Igas (IGAS) and make a general observation about oil prices and oil stocks.
2972 days ago
Rules are rules and whether it is soccer playing sex offenders or AIM Companies you have to stick to them. Moreover a COI is a COI even if sign off on and some may be legally kosher but are morally wrong. I refer to my rows with DS on 3Legs Resources (3LEG). I look at Monitise (MONI), rats leaving AIM, viz Edge Resources (EDG) & UMC Energy (UEP). I ask where is the fraud at African Potash (AFPO)? And then - to entertain Wildes - I look at LGO Energy (SHITE) again as well as at Iofina (IOF) - when will it fess up? I also ask a question of Audioboom (BOOM)
3066 days ago
And so today all the Horse shite stocks have served up news that appeared to have leaked onto every Bulletin Board and twitter ramping session days ago. Flow testing at the "Gatwick gusher" will start early next year. Since every BB Moron already knew this and since half the Horse Hill runners and riders have to do a placing to survive fairly soon, shares in this stable of dogs have not soared as promoters such as David "Jabba The Hutt" Lenigas wuld have hoped.
And so what is the news?
The companies involved have been:
3069 days ago
Once again sincere apologies to Jabba The Hutt groupies for failing to pick up David Lenigas on anything in yesterday's podcast. Before you all get cold turkey, I have a few observations about Octagonal (OCT) nonsense today.I start with a look at React Energy (REAC) a trainwreck involved in green energy shite. I suggest that anyone who believes in this hocus pocus nonsense should read "The Real Global Warming Disaster" by uncle Chris. Then it is onto Anglesey Mining (ATM), Golden Saint Resources (GSR), Slater & Gordon (TOAST) and Northern Petroleum (NOP). See you all tomorrow at Gold & Bears in London.
