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Pig
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Six days to the obscene swine-fest you fund, the AIM Awards: so how is the casino doing?

Now in its 24th year the annual obscenity that is the AIM Awards Dinner is now just six days away. Tickets cost £200 a pop and Nomads, brokers, lawyers, accountants and PR firms snap up all 1200 of them. It is an osbcene beanfeast for the crony capitalists.

Bearcast
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Tom Winnifrith Bearcast: The anatomy of a share ramper

In today's podcast I look at Reabold Resources (RBD), debagged by myself earlier, Bahamas Petroleum (BPC), Anglo African Oil & Gas (AAOG) and Bidstack (BIDS). and, with a hat tip to Andrew Monk, I look at the species known as a Bulletin Board Ramper.

R4E
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Reach4Entertainment – interims & looking forward with confidence...buy!

Live entertainment-focused Reach4Entertainment (R4E) has announced results for the first half of 2019 and that “we look forward to the rest of the year with confidence”

SRT

SRT Marine Systems – “pleased… remain comfortable with market expectations”. Er, what are the expectations though?!...

SRT Marine Systems (SRT) “is pleased to provide a trading update for the six months trading period ended 30th September 2019” – it includes “forecast half year loss before tax of £1.5m compared to £1.3m for the same period last year”, though “we remain comfortable with market expectations”. What are these expectations then?...

WPCT
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Horse. Stable Door. Useless share tipster. Daily Telegraph, Neil Woodford. WPCT.

The Daily Telegraph's lamentable Questor column has today, finally, as you can see below, advised folks to sell Neil Woodford's Patient Capital Trust (WPCT) at a loss of 60%. Talk about horses and stable doors! It gets worse.

RBD
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EXCLUSIVE: Reabold – Winnileaks strikes again, up to £30 million placing set to be announced 8 October

Thanks to the Winnileaks service I have in my possession the presentation Reabold Resources (RBD) is serving up as it endeavours to raise up to £30 million. I gather it is tough going. The deal will come as a shock to joint brokers Turner Pope and Whitman Howard as it is Stifel Europe that is acting as broker. The presentation says the deal will be announced October 8. Ho Ho.

Collapsing-Reactor
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Neil Woodford Redemptions Watch:EIF now 21% down in 4 months after another disastrous day

Yesterday the FTSE All-Share, Neil Woodford's benchmark for his Equity Income and Income Focus unit trusts, dropped again - this time by 0.64%. But as predicted yesterday, the Woodford funds scored much worse with drops in NAV per unit of 1.83% and 1.56% respectively. The latest drop pushed Woodford Equity Income (WEIF) down to £2.93 billion in total funds - a whopping drop of 21% from the £3.7 billion it sat at before it was gated four months ago. And just so that we do not miss out WPCT, I see that The Telegraph has dumped it this morning.

PHTM

Flash Bang Wallop Firm is On Target as Demand Is Likely to Stay Strong

Hello, Share Daisies. Looking through vintage family photographs, I came across a set of four mini portraits of my dashing youth. They were neatly labelled ‘Photome’. And this company name crops up everywhere because it almost had a monopoly on self-taking photo booths. And it still does.

DISH

BigDish – evil spin doctor the Sith Lord Zak Mir bungles release as it announces new deal

BigDish (DISH) “is pleased to announce that it has reached an agreement with NFS Technology Group to integrate BigDish within its Point of Sale software solution for restaurants” – noting “NFS Technology Group have been operating for over 20 years and has over 1,500 clients”. The shares are though currently more than 4% lower on the day at 3.25p. Hmmm…

YU

The joke that are TR1 rules – Yu group

If you cross certain percentage ownership of a listed company you are meant to submit a note to that company, a TR1, within days. The company then alerts investors via RNS. But the system is a joke as we see again today with Yu Group (YU.)

WPCT

WPCT offers a glass of Ouzo to the Deputy Sheriff with…er….consequences

Well that only took four days – well done Woodford Patient Capital (WPCT) and its Chair, Susan Searle. On Monday it announced the appointment of Mr Raymond Abbott as a new director – but got one of his former companies wrong, missed out another and has still neglected to mention that Foresight 4 VCT suffered a £30 million accounting error on his watch as chairman of the audit committee,,an error under FCA investigation, and a further £3 million accounting error after he was rewarded for his outstanding service and promoted to Chairman of the company.

TCG
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The dangers of Non - GAAP Measures, Thomas Cook the tip of the iceberg

In the demise of Thomas Cook (TCG) there was a degree of focus in the Press on the use on Non-GAAP metrics (“GAAP” being generally accepted accounting policies) and Ernst & Young’s role as auditor in auditing those measures.  However, the Deadwood Press as usual missed the wider story.

Clown
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Do Mark Shapland and the Evening Standard know what an exclusive is?

Saddo ninth rate hack Mark Shapland of a local paper in England, the Evening Standard, has just retweeted the tweet below claiming he has an "exclusive". Does this fucktard know what an exclusive is? It is not a story that appeared elsewhere the day before.

Bearcast
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Tom Winnifrith Bearcast brought to you from the killing fields of the Welsh Hovel

My cats are on a roll, It is horrfic. I mention this at the start just to annoy NoGold. Them ouzo for Nigel as Woodford Patient Capital Trust (WPCT) fesses up on a fake RNS. But it is still stuffed. I look at Bahamas Petroleum (BPC) as it dissembles, Brady (BRY) whose shares should be suspended, Clear Leisure (CLP) and a joke deal and Ted Baker (TED) which seems fecked.

ZTF
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Zotefoams – does profit warning justify a 35%+ share price slide?

Early August interims from Zotefoams (ZTF) included “we expect Zotefoams to deliver further growth in 2019 and meet market expectations”. Now a “Trading Update” – and the shares currently at around 350p, circa 35% lower on the day!...

TED
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Ted Baker – struggling to both sell clothes and keep its profit change to just being down 100%!

Back in June, I concluded on the troubled clothing retailer Ted Baker (TED) that the dumping 'share price move has been all about going from being a growth company to one with less immediately glossy potential'. Even back then the shares had more than halved from the start of year 17 quid level to around 800p. Well today's news has taken them under 700p as I write…

BPC
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Bahamas Placing pulled as it fails to raise $25m & the excuses are outright lies

In scoop after scoop this week starting HERE and ending HERE I detailed how Bahamas Petroleum (BPC) was trying to raise $25 million, first at 1.4p, then at 1.2p and finally at 1p. Those who signed up at 1p were told it would be announced Wednesday then today. In fact it has been pulled as the company could not, even at 1p, get close to $25 million. But today Bahamas has quite simply LIED.

Collapsing-Reactor
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BREAKING: Neil Woodford Redemptions Watch: Woodford Equity Income Crashes through £3bn mark

Having been worth a total of £3.7 billion when it was gated at the start of June, Neil Woodford’s Equity Income Fund (WEIF) crashed through the £3 billion mark yesterday and as at midday was worth £2.987 billion according to Morningstar. By comparison, the FTSE All-Share – his benchmark – is almost exactly flat over the same period even before considering dividends. The underperformance is stunning.

EVRH

September performance update: start of 2019 shorted AIM shares

Early this year we showed the Shorted AIM shares at the start of 2019. How's the performance at the end of September? (those in bold remain from 2018)...

PNN

Water and Rubbish Firm is Set to Reap Benefits of the Save the Planet Brigade

Hello Share Treaters. Ok, the utilities are usually a boring investment. And they face the added disadvantage of government caps, which is a cap on profits. But there is one utility which may succeed more than most. Pennon Group (PNN) operates under the name South West Water. But it also has a big interest in waste management through its company Viridor...

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ORCP

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