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The snake oil salesman Arthur Millholland of Canadian Overseas trolls ShareProphets and Tom Winnifrith - this did not age well
On 8 April 2022 I reported Canadian Overseas Petroleum (COPL) and its CEO Arthur Millholland to the FCA, branding the CEO a "snake oil salesman" as you can see HERE. His response issued via RNS on 14 April was a direct attack on me and on this website. He branded his critics as "snake oil salesmen" and false "prophets". He was talking about me. He said critics did not understand accounts and were in it for my their "nefarious" gain. I suggest, never having had a position long or short in Canadian, just being a journalist who trained as an oil analyst I am today vindicated as the company warned it could go bust and its shares collapsed. Millholland's statement is below. It has not aged well.- By Tom Winnifrith |
- 2 February 2023, 08:09 |
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9 Months away – Sharestock now more than 40% booked out! Grab your seat now
The big tent is now booked for ShareStock on September 23 this year. It will seat around 100 folks but already more than 40 of those seats have been reserved. And it is now wonder given who is speaking and all the other attractions. We might even have a jetty for you fisherman to try to grab a salmon or a pike on the day. That project is in hand. But the speakers are lining up.- By Tom Winnifrith |
- 1 February 2023, 16:44 |
Hat tip Evil Banksta - Canadian Overseas ramping just 9 days ago
Today Canadian Overseas Petroleum (COPL) warned that it could easily go bust. It must have known that nine days ago, it is just only now that a prospectus is ready that it has had to 'fess. Yet just nine days ago, knowing what was coming, disgraced CEO Arthur Millholland was ramping hard with a paid for interview on Proactive as you can see below. Shame on Proactive for failing to ask any tough questions of the old rogue. Call yourself journalists? You are just low life investment street hookers. As for Arthur, words fail me. He is a disgrace and should be forced to resign for ensuring folks lost money in this way.- By Tom Winnifrith |
- 1 February 2023, 16:41 |
Harland & Wolff – “pleased to announce” subcontract, but will it deliver what it ‘expects’?
Fabrication business Harland & Wolff (HARL) “is pleased to announce that the company has now formally executed the Subcontract with Navantia UK Limited… the company will be responsible for delivering works which are expected to generate revenues of between £700 million and £800 million to the company by the time the final vessel is delivered”. So what of a current share price response to 18.75p – down over 6% and to a £32.4 million market cap?- By Steve Moore |
- 1 February 2023, 16:27 |
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Tom Winnifrith Bearcast: If I were going to list a fraud in the UK this is what I'd do
I start with this, I promise, hypothetical explanation. Then I look at Canadian Overseas Petroleum (COPL) – ouzo for yours truly tonight. There was not time to discuss another triumph, Guild ESports (GILD) so you will have to make do with my article earlier HERE but I am working on the next exposé of that crock. Then I look at Darktrace (DARK) and Deepverge (DVRG) which might just be a buy. I discuss ShareStock, now almost half booked out even though it is not for almost nine months. You can get more details, discover our latest new speaker and book HERE- By Tom Winnifrith |
- 1 February 2023, 16:23 |
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Made Tech – “delighted to have delivered another period of strong growth”. Really?
Describing itself as “a leading provider of digital, data and technology services to the UK public sector”, Made Tech Group (MTEC) states that it “is pleased to provide a half year update on trading for the six months ended 30 November 2022”. Hmmm, that’s taken a while then, though what of the shares currently having responded 21.5% higher to 32.5p?- By Steve Moore |
- 1 February 2023, 15:09 |
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KERBOOM: Canadian Overseas Petroleum admits to financing crisis – told y’all! Another ouzo day for the Sheriff!
I have warned you all repeatedly that Arthur Millholland is ALWAYS a kiss of death and that his latest venture, Canadian Overseas Petroleum (COPL) had piss poor assets and finances built on sand. As ever, savants such as our own PL cited bullish broker notes and other tosh saying that, as someone who started out as an oil analyst, I just did not understand what a great trade this was. Kerboom, a shock admission at 2.24 PM today means its ouzo for the Sheriff tonight and tears before bedtime for the bulls. The shares are now 8.5p, 45% down on the day, and even more down on the last placing at 20p, nine months ago. Kerboom!- By Tom Winnifrith |
- 1 February 2023, 14:58 |
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PKF LittleJohn failing on the Guild Esports audit… an accountant writes
Last night’s 6.29 PM RNS omnishambles leaves Guild Esports (GILD) at loggerheads with its auditors PKF Littlejohn. A senior Big 4 firm accountant has written to me on PKF’s performance so far. He opines:- By Tom Winnifrith |
- 1 February 2023, 14:08 |
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Why FTSE 100 stocks such as GSK and Vodafone are always worth thinking about (but only one of them is a buy today)
Many, many years ago, I remember somebody saying to me that investing in FTSE 100 stocks was pointless as “everything is priced in very efficiently”. What utter rubbish (as I told them at the time). Whilst the world of large cap stocks is covered by more analysts and mentioned more frequently by the press and financial TV, there are still plenty of opportunities to materially beat the index. And that is why today’s updates from both Vodafone (VOD) and (the previously named GlaxoSmithKline) GSK plc (GSK) are worth (at least) thinking about.- By Chris Bailey |
- 1 February 2023, 12:10 |
Tandem – emphasises “in line with market expectations”, but how creditable is that?
Previously writing on sports, leisure and mobility equipment group Tandem (TND), in September with the shares down to 285p I concluded that with the trading headwinds and cash flow movements I continued to avoid. What now with the shares at 262.5p on the back of a trading update?
- By Steve Moore |
- 1 February 2023, 11:55 |
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UPDATED Aquis Lobster-Potted TruSpine: Where Is The Funding, Then?
The comedy continues on the Aquis lobster-pot, where TruSpine (TSP) listed in August 2020 promising to have an FDA-application submitted by year-end for its spinal stabilisation system, which is still outstanding some two and a half years on. Worse still, it needs funding pdq: the fat lady is hovering in the wings right now.- By Nigel Somerville |
- 1 February 2023, 09:02 |
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GOTCHA: David Beckham’s Guild Esports – now an after hours accusation that its auditors have misled investors: what a clusterfuck
The FCA duly replied to my letter explaining how Guild Esports (GILD) had mislead investors with its 7 AM Results investors. And hey presto in a not unrelated development, at 6.29 PM yesterday – aka no-one is watching O Clock – Guild was forced to issue a fess up RNS. But it was a shambles and effectively says that the auditors lied in the annual report. It just gets worse and worse.- By Tom Winnifrith |
- 1 February 2023, 08:12 |
There's Gold On the Beach for this Cash-Blessed Son of Macclesfield
Hello Share Servers. Don't you think this dreary winter seems longer than normal? But with Spring not that far away, many folks will be turning their thoughts to booking a holiday in the sun. Peering through shop windows, I’ve noticed high street travel agents, recently so blasted by Covid, are now seeing fuller chairs these days. Which brings me to a company with a name that says it all.- By Malcolm Stacey |
- 1 February 2023, 08:12 |
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SHAMBLES: URU Metals – Late FY And Interim Results Finally Published But Shares suspended for a few more hours after IT cock up
John Zorbas’ AIM-listed URU Metals (URU) this morning finally got around to releasing results to March 2022 (!) and Interims to September 2022 this morning. Both were late, which is why the shares were suspended at the start of the year. The numbers are, of course, dreadful – but the shares remained suspended for a few more hours because the Company had not managed to publish either set of results on its website! What a shambles.- By Nigel Somerville, the Deputy Sheriff of AIM |
- 31 January 2023, 15:22 |
Kromek – interims argue “continues to look to the future with confidence”. Really?
Previously writing on radiation and bio-detection technology group Kromek (KMK), last month with the shares up to 11p I concluded that, with financial and valuation concerns, I avoided. Today it has announced a c. £2.5 million funding award “from the UK's innovation agency, Innovate UK” (of Versarien (VRS) infamy) and half-year ended 31st October 2022 results… and what of the shares in response currently a further near 10% lower to 9.35p?
- By Steve Moore |
- 31 January 2023, 15:21 |
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Tom Winnifrith Bearcast: Gabriel vs Darktrace, myself vs David Beckham
I start with an apology for Canadian lie-ins. Then I look at Darktrace (DARK) - Gabriel Grego's new target ,at Caracal Gold (GCAT) and 2 questions for Andrew Monk as the FCA enquiry continues, ITM Power (ITM) and David Beckham stock market disgrace Guild ESports (GILD) and why its deception today matters.,- By Tom Winnifrith |
- 31 January 2023, 14:06 |
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Bombshell Bear Dossier from Gabriel Grego's QCM: The dark Side of Darktrace
Myself, Matt Earl, Steve Moore and Chris Bailey have all been bearish on the bastard child of the Autonomy fraud, that is to say Darktrace (DARK). Now our hero Gabriel Grego joins the party with a damning 70 page dossier. At 200p it remains a £1.44 billion short. Enjoy...- By Tom Winnifrith |
- 31 January 2023, 13:26 |
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How is Wickes getting along?
I am not a regular at my local Wickes (WIX) store, but I do respect it as a business. Back in December 2021, I observed that “I think Travis Perkins (TPK) was smart to spin-off Wickes as last April was a pretty optimistic time for trade companies”. Thirteen months ago, I was talking about a share that had been shifted from c. 250 pence to about a two quid share price. However, today’s Wickes share price is only just over 150p.- By Chris Bailey |
- 31 January 2023, 12:58 |
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Letter to the FCA: Directors of David Beckham’s Guild ESports have surely deceived and broken the law
I do not wish to be obsessive but yet again we find that companies on the Standard List, which is regulated by the FCA ( no sniggering at the back), as opposed to the AIM Sewer, are issuing abridged results which, as a result of highly material omission, actively deceive investors. Canadian Overseas Petroleum (COPL) is a pioneer of such deception but David Beckham’s Guild Esports (GILD) has today taken this to a new level. I have written to the FCA- By Tom Winnifrith |
- 31 January 2023, 12:54 |
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Deltic is a big gamble on well testing outcome - but I can see why some are taking the risk due to the upside if successful
Deltic Energy (DELT) is now at a juncture where the next couple of weeks will either see it become a huge success, or like so many in the oil and gas sector before it, will become just another story of ‘what could have been’ had it had more luck with the drill bit.- By Gary Newman |
- 31 January 2023, 12:46 |