ShareProphets

Thursday 23 February 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


21 February 2017, 16:53 | By Tom Winnifrith |

NCC Group - Oops - that accursed word "strategic review," + adjusted bullshit earnings - this all stinks

Shares in NCC Group (NCC) have slumped by 9.5% to 162.5p in late trade after a shocker of an announcement posted at 4.16 PM today. Not quite no-one is watching O'Clock but still late in the day. If you were on your way to the capital markets investor rampfest day it was holding tomorrow, don't bother. It has been cancelled. Cheers,my cyber security expert friends, did you not know you were going to have to issue a shocking profits alert until just now? How long have you been sitting on this bad news? Thanks. can I get a refund on my train ticket?

21 February 2017, 14:35 | By Tom Winnifrith |

Tom Winnifrith Bearcast: Sorry to Hannah, Will and Lucy but not to the Pizza Hardman Darren Atwater

16 hours travel after getting up at 4 AM GMT on Monday and falling into bed at 3 AM Tuesday leaves me a tired man. And Joshua and Oakley both chirped up to make it worse still. So apologies to all bar one of those who I have snapped at today.  Before I go to bed I look in detail at Grafenia (GRA) and compare it to TrakM8 (TRAK) and also comment on North River Resources (NRRP) and Jiasen (JSI).

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21 February 2017, 14:33 | By Steve Moore |

Lighthouse Group – ahead of expectations 2016 results, still good value?

Having previously concluded on shares in Lighthouse Group (LGT) at 11.75p that they could prove good value, I note that they are currently higher today on the back of a results announcement for the 2016 calendar year…

21 February 2017, 12:34 | By Tom Winnifrith, The Sheriff of AIM |

TrakM8 - Another disastrous profits warning: how close is it to breaching bank covenants?

All the shit I got when I warned y'all repeatedly what a crap company TrakM8 (TRAK) is almost seems worth it now after yet another awful profits warning. No doubt share blogger Paul Scott, crony capitalist PR Man Reg Hoare and uber-bullish analyst Lorne Daniel of Finncap have already ordered that crates of ouzo be sent to me at once as my top analysis is vindicated again. It is what this warning does not say that should terrify you. Things will get worse.

21 February 2017, 11:06 | By Tom Winnifrith, The Sheriff of AIM |

An Open letter to Ben Turney - why have you not called in the police at Teathers Financial

Yesterday I revealed a series of 74 "interesting" transactions on the Teathers Financial (TEA) company credit card and some curious payments on the Teathers pre-payment card belonging to Nilesh Jagatia the company's former FD. There is now a very real suspicion that Teather's poor shareholders were paying for Jagatia's domestic shopping at his local Sainsbury's in South Woodford and that he was making withdrawals from the company's account for personal use. I have thus written to the new CEO flip flop Ben Turney who, of course arrived in the coup that saw Jagatia fired. The letter is below.

21 February 2017, 11:05 | By Steve Moore |

Grafenia – as cautioned, another profit warning was ahoy…

“Trading update” announcement from Grafenia (GRA) commences that “in our update to the market on 8th November 2016, we highlighted the inconsistent nature of transactional print volumes and this has continued”. Uh oh – that announcement saw me note profit warning ahoy!...

21 February 2017, 08:25 | By Nigel Somerville |

United Cacao….and now for the calamitous shareholder shafting

Former AIM Casino disaster story United Cacao (CHOC) has updated the market this morning with regard to proposed changes to the terms of its bonds. If you are a shareholder and didn’t take Tom Winnifrith’s advice to get out, I suggest you look away now for as he predicted HERE it is indeed to be a near wipe-out even if the company survives.

21 February 2017, 08:25 | By Steve Moore |

Goldplat – half-year results, still a gold recovery buy?

Previously writing on Goldplat (GDP), I concluded that I continued to expect more to come as the shares rose back above 6p. The following updates with they currently up to 6.625p on the back of results for the six months ended 31st December 2016…

21 February 2017, 08:23 | By Malcolm Stacey |

Would a Company which Helps Other Firms to Cut the Gas Bill Inspire You?

Hello Share Spikers. I do like a firm with a novel idea which seems to have potential. It makes share-shifting a lot more exciting when we can find a company which offers a different kind of service which seems to work. I refer you today to Inspired Energy (INSE).

20 February 2017, 14:59 | By David Scott |

Greece is likely to leave the Euro before the year is out, helped on its way by Trump

In the past, the Americans have vigorously supported a compromise over Greece because, along with the rest of the political establishment, it views preserving the euro and the European Union as a strategic imperative of over-riding importance. But Trump doesn’t like the EU. Trump has made it very clear that he is very hostile to the EU. He backed Brexit, appointed an ambassador who believes the euro is destined to fall apart, and started a rhetorical trade war with Germany. In response, EU leaders, from Germany’s Angela Merkel to France’s François Hollande, have been fiercely critical of Trump. Relations between Washington and Brussels have probably never been worse. 

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20 February 2017, 14:58 | By Steve Moore |

Hardide – AGM update, “starting to see an upturn” from oil and gas customers

Having thus far been sceptical of shares in engineering coatings company Hardide (HDD), I note they currently higher today with the company having updated in conjunction with its AGM…

20 February 2017, 14:41 | By Tom Winnifrith |

Premaitha at 10.6p worth 18p says FinnCap - new research note

The fragrant Alice Lane, a foxy young brokerette who apparently I once reduced to tears by being so beastly, is this morning disseminating the latest FinnCap note on Premaitha (NIPT) to clients. Since it is bullish I am happy to make it up to Alice by exposing this high quality research to a wider audience, especially since we own more than a few shares. By way of balance i should say that FinnCap is house broker and therefore utterly partial and you can feel free to ignore every word of this report.

20 February 2017, 12:06 | By Steve Moore |

Hayward Tyler – second half weighting, though not ‘as expected’…

An update from engineering group Hayward Tyler (HAYT) commences that, “as expected”, there is proving to be a second half weighting “with aggregate order intake of £24.3 million secured in the four months to 31 January 2017… and a significant increase in the order book to £52.2 million”. Sounds promising… but what? “The board now anticipates reporting lower revenue for the financial year ending 31 March 2017”?!?...

20 February 2017, 08:51 | By Tom Winnifrith |

Tom Winnifrith Bearcast: Why reading the LSE Asylum is not research, it is mad bad and dangerous

A reader has lost money and blames the LSE Asylum. I hate all Bulletin Boards and their operators and explain why - they encourage theft from me. But the LSE Asylum is unique: it is a nest of ramping vipers and free speech deniers and, as such, it is mad, bad and dangerous for your wealth.

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20 February 2017, 08:50 | By Tom Winnifrith |

The Pirate Pete Landau, going to jail, winning Bulletin Board Moron of the week is...

As you can see HERE there were many half decent entries in last week's contest but the winner is a stand out and is, natch, from the LSE Asylum. Did you know that on that Asylum it has been arranged so that you cannot provide a link to an article on this website? Yup not only is it rampers only but you cannot even link to a counter point of view. Je suis LSE eh? So the winning entry is spotted by Juicin and is ( from the Cloudtag (CTAG) thread natch):

20 February 2017, 08:43 | By Tom Winnifrith, The Sheriff of AIM |

BREAKING: Teathers Financial shocker: Nilesh Jagatia - Show Me The Money!

The way that shareholders' cash was pissed away on corporate jollies & semi clad young ladies by the former board of Teathers Financial (TEA) has already been documented fully here. But documents have now fallen into my possession, here at Winnileaks, which ask even bigger questions about FD Nilesh Jagatia who is pro tem, still FD at AIM-listed Inspirit (INSP) and Octagonal (OCT). After this bombshell I wonder for how long.

20 February 2017, 08:38 | By Tom Winnifrith, The Sheriff of AIM |

FRAUD Cloudtag - why did its PR advisers Tavistock resign the account?

Normally PR firms, being so utterly 100% morally bankrupt, only resign an account for an AIM PLC if the client can't pay its bills. Just now and again a PR firm finds a client so utterly fraudulent that to protect its own reputation, it walks - think the FRAUD African Potash for instance. And so that brings us to the FRAUD Cloudtag (CTAG).

20 February 2017, 08:34 | By Tom Winnifrith |

Tern Plc – A question for Tern Directors...

Given that Device Authority Limited represents almost 100% of Tern’s (TERN) investment portfolio and thus is very material to investment performance and its share price why is there so little financial disclosure about the performance of Device Authority in accounts of Tern Plc? In terms of potential excuses that Tern might offer;

20 February 2017, 08:30 | By Tom Winnifrith, The Sheriff of AIM |

Cloudtag – Does Amit Ben Haim really have the Midas touch?

Many of the Cloudtag (CTAG) Bulletin Board Morons believe that Amit Ben Haim has the Midas touch. However, just like many entrepreneurs not all he touches turns to gold, as the following four companies’ filings at Companies House show.

7 days ago | By ShareProphets |

The January edition of the UK Investor Magazine is live 7 share tips and much more

The January edition of the UK Investor Magazine is live featuring 7 share tips, company profiles, and what to do with the Dow at 20,000 plus much more.

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4 days ago | By Tom Winnifrith |

Bulletin Board Moron of the week contest sponsored by (soon to be) jailbird Pirate Pete Landau

Over the weekend I published documents and articles such as this one which make it clear that Pirate Pete Landau may well soon be about to "go to jail, do not pass Go, do not steal another £200 from shareholders, Go direct to jail." But say what you want about the Pirate he knew how to play Bulletin Board Morons. His chat up line by email to any moron who contacted him went like this:

7 days ago | By HotStockRockets |

Collagen Placing and Open Offer - go for it!

On recommending shares in Collagen Solutions (COS) at the end of 2016 we noted that the company is understood to be investigating the possible use of debt financing, though this is a risk here.  It has now announced a financing potentially to provide “sufficient working capital to fund the group until it achieves cash flow positive operations”

7 days ago | By Nigel Somerville, the Deputy Sheriff of AIM |

CloudTag – L1 finishes loan conversion. Now for death-spiral-on-steroids warrants. Sell!

AIM-listed CloudTag (CTAG) has announced the conversion of the final little bit of loan notes held by death spiral provider L1, at 4.5p. The shares have raced ahead, even though this only marks the half-way point in the share price carnage caused by the package. Indeed, it may not even be half, for the warrant exercise terms are far more favourable than the loan conversion terms (from L1’s perspective).

7 days ago | By Steve Moore |

Cobham – there was worse to come, much worse…

Reviewing last month from Cobham (COB) ANOTHER profit warning I concluded, with the shares at 140p, that there could be worse to come and that it was a bargepole stock. Now, on the back of a further update, the shares are currently heading towards 100p…

7 days ago | By Nigel Somerville |

Ariana – company chat clearing up a few misunderstandings

I said at the weekend that having several times met Kerim Sener, MD at AIM-listed Ariana Resources (AAU), I felt that he was the exception to prove Mark Twain’s rule. In recommending Ariana (1.85p on the offer at the time, so I’m happy to see the shares now on a spread of 2p -  2.15p) my view was that plant completion, production and therefore cashflow were imminent. We’ve had the completion RNS and we now await the paperwork to allow everything to roll. But who gets first dibs at the bunce?

7 days ago | By Steve Moore |

SimiGon – profit warning, but reckons all good going forward. Hmmm…

“Trading Statement” announcement from simulation technology company SimiGon (SIM) includes that “the company remains optimistic in its outlook and confident in its existing forecasts for the current financial year” and “great revenue and profit visibility for 2017 and beyond”. So why are the shares currently sliding back below 20p?...

7 days ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: I stand corrected, the CEO was not in the bath & killers gorge, political correctness gone mad

After the Slater & Gordon (SGH) bearcast earlier you may have thought that I was sleeping off half a bottle of ouzo. Au contraire, I have been touring the Mani with George the Architect, the man who helped me to expose InternetQ last year. We went past Killers Gorge. Why can't you kill unsuitable boyfriends of your daughter or sister any more? As my daughter prepares to turn 16 this year I sadly conclude that this is yet another example of political correctness gone mad.  In terms of stocks I offer a couple of corrections on Tracsis (TRCS) after yesterday's bearcast then look at Xtract Resources (XTR), Ascent Resources (AST), FastForward (FFWD), the over ramped hype company with which my good friend Jim Mellon is involved, Cobham (COB), Infrastructure India (IIP) and also the fraud Cloudtag (CTAG). And I refer to a drooling Evil Knievil ref THIS ARTICLE.

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6 days ago | By Malcolm Stacey |

Picture Giant's Share Price Frames Itself Again. Now for some More Northerly Action

Hello Share Squirmers. There was a rather unnerving fall for shares in Photo-Me (PHTM) in the middle of last month. It was based on a scare story that the quality needed for official id photos could be provided by mobile phones and so could be something of a challenge in the future for automatic photo machines.

7 days ago | By Cynical Bear |

Xtract Resources – Just when you thought it was safe to get back in the water…..an almighty PUMP and DUMP!

I started writing this article on Xtract Resources (XTR) yesterday morning and was going to comment on how sentiment was turning and Colin Bird’s straightforward approach in recent RNS’s was to be applauded and then – WHAM - a placing RNS from hell and I’ve had to rewrite the whole piece. Thanks Colin!

6 days ago | By Steve Moore |

Fitbug – this time RNS Reach joke (sorry, ‘announcement’) seen for what it is

Having seen its shares soar last month on its previous RNS Reach announcement, enabling a placing before the shares completely slumped back, Fitbug (FITB) has now released another – claiming it “would like to share some insights and findings from a recent case study, following a pilot wellness programme with MTR Crossrail”...

6 days ago | By HotStockRockets |

Kefi Minerals Fund Raise - grit your teeth and buy

This Kefi Minerals (KEFI) share tip at a 0.58p offer has not been a good one so far. We apologise and as shareholders share your pain. The shares are now 0.34p-0.36p. We took more shares in this fundraise at 0.33p on the view that the underlying value is c1p per share. So what has happened?

53 minutes ago | By Tom Winnifrith |

The February edition of the UK Investor Magazine is live - with stocks to fall in love with

The February edition of the UK Investor Show Magazine is live featuring 7 share tips, company profiles, and stocks to fall in love with plus much more.

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6 days ago | By Steve Moore |

Holders Technology – FY increased loss, though argues “heartened” by recent signs. Hmmm…

Having previously concluded that shares in Holders Technology (HDT) were on the bargepole list, I note the announcement of results for its year ended 30th November 2016…

6 days ago | By Tom Winnifrith |

Political and Market Uncertainty Is Driving The Rush For Gold

In this week's Palisadce Capital potcast Peter Spina explains the recent market action and how gold stocks have historically lead the spot price. There is considerable support near $1100, and long term resistance at $1275. This level may well translate into resistance to the upside, once through it though, expect $1475 to $1500. He is seeing growing Wall Street and Chinese speculation in the market, there seems to be a general rush for gold.

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6 days ago | By HotStockRockets |

Falanx: New business unit - so what? Grrrrr - still a buy (or hold at worst)

In a very strong contender for non news of the week Falanx (FLX) has announced the creation of a new business unit, Falanx Cyber Technologies. Right. 

6 days ago | By Steve Moore |

53 minutes ago | By Tom Winnifrith |

The February edition of the UK Investor Magazine is live - with stocks to fall in love with

The February edition of the UK Investor Show Magazine is live featuring 7 share tips, company profiles, and stocks to fall in love with plus much more.

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2 days ago | By Tom Winnifrith, The Sheriff of AIM |

An Open letter to Ben Turney - why have you not called in the police at Teathers Financial

Yesterday I revealed a series of 74 "interesting" transactions on the Teathers Financial (TEA) company credit card and some curious payments on the Teathers pre-payment card belonging to Nilesh Jagatia the company's former FD. There is now a very real suspicion that Teather's poor shareholders were paying for Jagatia's domestic shopping at his local Sainsbury's in South Woodford and that he was making withdrawals from the company's account for personal use. I have thus written to the new CEO flip flop Ben Turney who, of course arrived in the coup that saw Jagatia fired. The letter is below.

2 days ago | By Tom Winnifrith |

NCC Group - Oops - that accursed word "strategic review," + adjusted bullshit earnings - this all stinks

Shares in NCC Group (NCC) have slumped by 9.5% to 162.5p in late trade after a shocker of an announcement posted at 4.16 PM today. Not quite no-one is watching O'Clock but still late in the day. If you were on your way to the capital markets investor rampfest day it was holding tomorrow, don't bother. It has been cancelled. Cheers,my cyber security expert friends, did you not know you were going to have to issue a shocking profits alert until just now? How long have you been sitting on this bad news? Thanks. can I get a refund on my train ticket?

53 minutes ago | By Tom Winnifrith, The Sheriff of AIM |

Bulletin Board Moron of the week in honour of Tavistock PR

I noted earlier that while most financial PR firms are so morally bankrupt they would spin for uber nonce Rolf Harris if the retainer was high enough, Tavistock PR appears to have some honour quitting as adviser to the FRAUD Cloudtag (CTAG). There are only so many lies you can put your name to I guess. But some folks want to hear lies and to reprint them, the BBMs. Please nominate the most moronic bulletin board post or tweet in the comments section below. The deadline for entries is midnight on Sunday February 26.

22 hours ago | By Tom Winnifrith |

Tom Winnifrith Bonus Bearcast - have the morons started mentioning the Bill Gates link? If it sounds too good to be true

There is of course no link between Bill Gates and AIM uber dog Servision (SEV) but I be that out in Bulletin Board land that will not stop it being mentioned in a post fact era ramp. Servision had raised $2 million today at 11.4p. Before recent insider dealing the shares were 2.25p and worth 0p. If it sounds too good to be true...all is explained in this bonus podcast. 

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2 days ago | By Tom Winnifrith, The Sheriff of AIM |

TrakM8 - Another disastrous profits warning: how close is it to breaching bank covenants?

All the shit I got when I warned y'all repeatedly what a crap company TrakM8 (TRAK) is almost seems worth it now after yet another awful profits warning. No doubt share blogger Paul Scott, crony capitalist PR Man Reg Hoare and uber-bullish analyst Lorne Daniel of Finncap have already ordered that crates of ouzo be sent to me at once as my top analysis is vindicated again. It is what this warning does not say that should terrify you. Things will get worse.

2 days ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: Sorry to Hannah, Will and Lucy but not to the Pizza Hardman Darren Atwater

16 hours travel after getting up at 4 AM GMT on Monday and falling into bed at 3 AM Tuesday leaves me a tired man. And Joshua and Oakley both chirped up to make it worse still. So apologies to all bar one of those who I have snapped at today.  Before I go to bed I look in detail at Grafenia (GRA) and compare it to TrakM8 (TRAK) and also comment on North River Resources (NRRP) and Jiasen (JSI).

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20 hours ago | By Tom Winnifrith |

Tom Winnifrith Bearcast: When are the placings at dog Corero and uber-ramp Amur?

When it looks like placing ahoy, sounds like placing ahoy and smells like it is placing ahoy it usually is placing ahoy. I look at the numbers for Corero (CNS) and Amur Minerals (AMC). In this podcast threatened by the greed of morbidly obese three legged cat Oakley, I also cover NCC Group (NCC) following up from yesterday's late in the day article, Advanced Oncotherapy (AVO) Beowiulf (BEM) and TrakM8 (TRAK).  I also look at the laughable PR of worthless crap company Fitbug (FITB). There is a stand alone bearcast on the joke news from Servision (SEV) HERE

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2 days ago | By Tom Winnifrith, The Sheriff of AIM |

Management Resource Solutions - New Meeting called to sack chairman Murray D'Almeida - a wanker of the highest order

The battle between good and evil continues as suspended AIM dog Management Resource Solutions. You may remember that there is a meeting on Friday to oust certain directors but the board, acting like democracy despising a'holes, found a pretext to stop shareholders voting in new guys.

18 hours ago | By Tom Winnifrith, The Sheriff of AIM |

Advanced Oncotherapy - the Bracknor Death Spiral explained Part 2 - this is just so bad, it is awful.

I have noted before that some death spirals are in fact a decent way for companies to raise cash, cheaper and less share price destructive than a bucket shop placing. But the Bracknor deal announced today by Advanced Oncotherapy (AVO), which had promised non dilutive funding but clearly does not mean a word it says, as I explained here earlier, is a total rotter. It will crater the share price as Bracknor makes a killing. Let me explain why.

1 day ago | By Tom Winnifrith, The Sheriff of AIM |

Advanced Oncotherapy announces death spiral Part 1: Will it apologise for misleading investors on that one? And is Metric loan now off?

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.

21 hours ago | By Tom Winnifrith |

NCC Group – All Credibility Gone? So asks Ramper Roger Lawson of ShareSoc whose credibility went years ago.

Pompouse arse of the year, Ramper Roger Lawson the chairman of SharSoc is of course a great expert on tech stocks. That was why he was able to dismiss so easily criticism from myself, Ben Edelman and Paul Scott about blinkx (BLMX) and Globo (GBO), two of his big holdings. And when we criticised again he smeared and slandered us without declaring his personal holding. Now it seems that another "Lawson winner" emerges - NCC Group (NCC) which had an awful statement yesterday as I explained HERE.

2 days ago | By Tom Winnifrith, The Sheriff of AIM |

Flip Flop Ben Turney at Teathers - do your civic duty: tax dodging is wrong

I wrote earlier today that Flip Flop Ben Turney who now finds himself running failed ex AIM investment vehicle Teathers really MUST go to the Old Bill demanding a full investigation into the ATM withdrawals by ex FD Nilesh Jagatia. A reader points out that Flip Flop has another civic duty to perform on this matter, he must go to the taxman. Ever keen to help...

1 day ago | By Tom Winnifrith, The Sheriff of AIM |

An Open letter to John Gunn at Inspirit and Octagonal - you MUST suspend or fire Nilesh Jagatia NOW!

Nilesh Jagatia the former FD at now delisted AIM bad boy Teathers Financial (TEA) is now enmeshed in controvery not only over Teather's serial ability to file accounts on time but over how shareholder's cash was used not only on entertainment involving semi clad young ladies but also for apparently personal spending by Nilesh. One hopes that by now the Old Bill and HMRC have been asked to have a butcher's. Amazingly Mr Jagatia remains as FD at two other AIM Companies both, as it happens, run by John Gunn: Inspirit (INSP) and Octagonal (OCT). I have now written to John Gunn.

1 day ago | By Tom Winnifrith, The Sheriff of AIM |

FRAUD African Potash now just 0.02p to sell - when will it admit that it is bankrupt?

In its annual report published at no-one is watching O'Clock in the Christmas break, the FRAUD African Potash (AFPO) was forced to include a statement that it needed to raise £600,000 of fresh equity if it was to last 12 months. I should cocoa. The shares are now on the NEX lobster pit and the last trade was eight days ago. Illiquid or what. And as you can see the spread is now 2 one hundreds of a penny which is also the bid price. 

22 hours ago | By Nigel Somerville, the Deputy Sheriff of AIM |

SCANDAL? Filthy Forty Taihua – Tender Offer at 3.28p sees Chairman dump the lot - at 200p?

Shares in ShareProphets AIM-China Filthy Forty play Taihua (TAIH) are unchanged this morning on news of the result of its Tender Offer at 3.28p - paid for from the Open Offer last summer and conducted through the good offices of former Casino poster-boy and former Nomad Daniel Stewart (DAN). But we also see that company chairman Nicholas Lyth has dumped his entire holding. That’s already a bit of a concern, but then so is the statement that his disposal was not at the 3.28p everybody else got, but at 200p per share. What????