value destruction

347 days ago

Ooops Red Rock did it again: - Andrew Bell needs to explain a suicidal value destruction as he places once more

I told you all to sell but have kept my shares in Red Rock Resources (RRR) as a reminder of what a prick I can be but perhaps also so that I can attend the AGM and give boss Andrew Bell the roasting he deserves. Gold is at a near all time high. The last time gold was at today’s levels, Red Rock shares were at a consolidation adjusted c400p. Today Bell has placed, yet again, at just 0.1425p. Bell makes excuses but there can be no excuses for such an abject performance..

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1402 days ago

If you cant do, teach: Philip Letts of Blur infamy goes into executive coaching

Blur Group (BLUR) floated at 82p and half a decade and a name change later delisted from the AIM casino at 0.23p. In its five years of AIM casino infamy led by CEO Philipl Letts and his ghastly Mrs, Kara Cardinale, who was the Chief Delivery Officer, it was slammed by the FRC for dodgy accounting, had numerous lack of profits warnings and bailout placings and was a case study in value destruction. As a reminder here is the track record during Letts’ tenure as CEO

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1984 days ago

Sabien -99.7% value destruction since IPO, another bailout placing, it won’t be the last

Oh dear! Bad news from the boiler room. In this case I refer not to the offices of Peterhouse Corporate Finance, broker to this dog but to Sabien (SNT) itself, yet another company that planned to revolutionise the world of boilers when it raised money at 52p and listed in December 2006. Today’s latest bailout placing is at 0.1p and the owners of the 400 million pieces of confettu issued will end up owning 64% of the enlarged equity. More dilution vicar? It will not be the last.

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3607 days ago

Vote NOW in the AIM Cesspit awards – Vote Forrest!

Not that I wish to influence your vote in any way but surely you must now have enough reasons to consider voting for Angus Forrest of Tern (TERN) in the “lifetime Achievement for value Destruction” category in the AIM Cesspit awards.  But maybe you think there are stronger candidates.

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