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Bearcast
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Tom Winnifrith Bearcast: The Implosion of Wirecard tests the Roger Lawson thesis to destruction

I start with a few words on the summer weather here in Wales. then it is on to Big Sofa (BST). Then onto a few words about Neill Ricketts, Versarien (VRS), Rolls Royce (RR.), me, Cheryl Cole and the company's latest promo video HERE. Finally, onto Wirecard a German Norfolk which tests the Roger Lawson thesis on how to deal with short sellers to destruction as it implodes. 

AVCT
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More bollocks from Avacta excites Barry “The Tit” Gibb at Turner Pope but in the real world this is a bonkers ramp

I see that Barry “The Tit” Gibb at broker Turner Pope has produced a gushing note on Avacta (AVCT ) today. Maybe that will help a few more Turner Pope clients to flip the stock they got in the recent 120p placing. Or maybe The Tit just wants a distraction from wittering an about Tomco (TOM), shares in which remain suspended although it has, today, been forced to admit that its RNS that accompanied a Turner Pope placing yesterday, contained a massive porky.  Back to Avacta, when your cheerleader in chief is “The Tit” you know it is right to be bearish.

UJO
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Union Jack Oil – West Newton project Green sh*t update… but potentially significant…

Union Jack Oil (UJO) has announced it “is pleased to publish the positive conclusions of a Carbon Intensity Study on the West Newton hydrocarbon project”...

ANGP

Angelfish Investments – “pleased to announce”… mass dilution or bust?!

The board of Angelfish Investments (ANGP on the AQSE ‘Growth Market’) “is pleased to announce… Company Update and Proposed Director Appointment”. This with it previously - in October - “continuing to review the options to address the capital structure and will provide further updates in due course”. So now, at last, some good news then?...

HL
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Robinhood comes to the UK – disaster for Hargreaves Lansdown & AJ Bell or just for newbie mug punters?

More than a million Americans a month opened a brokerage account with Robinhood in the first quarter of this year, most of them new to trading. The attraction: Robinhood charges no commission at all and you need just $1 to open an account. And now, as you can see below, it is coming to the UK this year. Great news or worrying news? It depends who you are. I start with my long held belief that traditional retail brokers like Hargreaves Lansdown  (HL) and AJ Bell (AJB) rip folks off with execution only charges that are far too high.

WPCT
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Criticism of Woodford fund sales: is it justified?

The sale of a bunch of biotech assets by Link from the Neil Woodford portfolio which used to be known at his Equity Income fund has received criticism as the buyer immediately offloaded some of it at a massive profit. Surely that means those assets were sold too cheaply……or does it?

TSCO
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There is still value in simplicity at Tesco

Personal confession time: I have never had an online grocery delivery. I know this makes me some antediluvian technophobe but I historically have not really minded popping out to the shops as the physicality of it provides some good research insights. And there is nothing like snaffling a few of those 'yellow sticker' bargains. I am deep down a value investor after all. Lockdown excitements therefore have made me a bit less of a Tesco (TSCO) shopper over recent months. Nevertheless, I have remained loyal to the shares...

BKG

Nightingales Should Soon Be Singing Again in Berkeley's squares

Hello, Share Twiddlers. Though I’m a supporter of most housebuilders, my favourite is probably Berkeley Group (BKG). Its latest numbers for the year ended April are out and at first blush seem discouraging. However, though revenue and profits are reduced by 35% on the last time there are a couple of good reasons for that...

TOM
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Tomco shares suspended, will rescue placing be pulled as it appears company has been very naughty indeed in the truth department

Oh dear,. Oh dear, this looks very grim for Tomco (TOM). Gary Newman slated the heavily discounted bailout placing at 0.4p announced first thing.  But it seems that Tomco has been telling porkies and at 2.52 PM its shares were suspended pending an announcement. What will that say “ We are scumbags and fucking liars!” would be my suggested headline.

ENET
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Ethernity Networks – declined vital grant, needs a rescue placing ASAP but its broker Andrew Monk is too busy betting on the nags

An “Update on IA Grant” announcement from Ethernity Networks (ENET) is actually that it has been informed that its grant application has been declined. The shares have currently responded to 21.5p, approaching 30% lower… but surely for what it states is “a leading supplier of functional acceleration ethernet adapter cards”, this is no major problem?…

Bearcast
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Tom Winnifrith Bearcast: Eric Platt a snotgobbler in short trousers from the FT vs Warren Buffett

I start with a few words on the hard working, courageous and heroic teachers. Then it is Barry the Tit from Turner Pope who cannot read and insults the professionalism of Gary Newman but raises a wider point about how AIM and brokerages operate. Barry is a tit but I regard his employer as Best of Breed although if I had my way the breed would not exist if the Casino was run according to new rules I suggest. Finally a look at the idea from Eric "snotgobbler" Platt of the Financial Times that the greatest living investor, Mr Warren Buffett, might be past his sell by date.  Hat tip on the last point to Jim Mellon.

DOM
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Domino's Pizza – delivery sales more than offsetting lack of collection sales… so why the share price fall?

Leading UK and Ireland pizza group Domino's (DOM) has updated including noting “trading in the period prior to the lockdown was robust” and that since “increase in sales from delivery more than offset the lack of sales from collection” – the shares are though currently more than 7% lower, heading towards 300p. Hmmm...

SOU
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We know Sound Energy is worthless, but how soon will it go bust?

Pity those who bought shares in Sound Energy (SOU) at well over 80p at peak ramp. Luckily for him, the chief ramper James “Dracula” Parsons sold most of his stock while urging others to buy, as the shares now trade at just 1.11p to sell, valuing this company at £12.5 million, which is far too high. By about £12.5 million in fact.

TOM
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Further monumental dilution for shareholders of serial failure TomCo Energy via bucket shop broker Turner Pope

When you combine one of the least successful AIM listed natural resources companies with probably the worst bucket shop brokers around, then you rarely end up with a good outcome.

TRAF

Trafalgar Property - sale of Barnett Wood Lane, but…..

AIM-listed serial property dog Trafalgar Property (TRAF) has announced the sale of land in Barnett Wood Lane, Ashtead for £687,500 which has seen a stonking 40% rise in the share price this morning. Good news - or is it?

MDZ

MediaZest – “New Business Wins” spark shares… beware...

“New Business Wins” announcement from self-styled “creative audio-visual systems integrator that specialises in providing innovative marketing solutions”, MediaZest (MDZ) – and the shares currently over 40% higher in response...

KGF
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Kingfisher sings a song of recovery...but can do so much more

Results from Kingfisher (KGF) are effectively in two parts. The first is the set of full year numbers up to the end of January. There is not too much to say about those. The second is the thoughts of the company over the last few months which are naturally far more interesting...given its leading DIY retail positions via B&Q in the UK and Castorama in France plus the very strongly performing (over recent years) Screwfix brand...

ICON
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Puke, puke & puke again: Iconic Labs – Toxic Dave Sefton serves up another toxic deal, is it a fraud?

In a series of articles running for almost a year I have highlighted a sea of red flags concerning uber-dog Iconic (ICON).  Yesterday Iconic announced that it “supports Greencastle Capital bid for Joe Media and discussions on management contract”.   The rest of the announcement below provided some more background as follows but trhere were a few, explosive, details Iconic neglected to mention.:

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ANP

Anpario – a recovery Buy?...

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Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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