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XSG
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Xeros sells washing machines business - but when's the placing, Neil?

AIM-listed Xeros (XSG), Neil Woodford’s cash-hungry revolutionary and disruptive washing machine play, has sold the majority of its portfolio of its Hydrofinity US commercial laundry customer portfolio of leased machines to Eastern Laundry Systems and Wash IQ for $109,000 is cash up-front and on-going license fees. The contracts had offered up an adjusted loss (gross loss before exceptional cost of sales items) of $376,000 in 2018 so this is hardly a win – more a case of off-loading a loser.

LGEN

The Legal has Landed Bigger Profits so its Share Fall becomes a Possible Buying Opportunity.

Hello, Share Speakers. Possibly my favourite Footsie giant is Legal and General (LGEN). After buying the shares just after the biggest financial crash in living memory I have seen a multi-bagger rise, which is unusual for a jumbo. The latest figures from the insurer seem to support my loyalty. 

Bearcast
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Tom Winnifrith Bearcast - a Neill Ricketts tweet which is pure Rob Terry and must surely be actioned by Nomad Canaccord

The tweet below from Versarien (VRS) boss Neill Ricketts is surely against AIM Rules. I am referring it to nomad Canaccord and AIM Regulation and discuss in a podcast which also covers swimming pool ways, folks who insult me to ask a favour, Burford (BUR) its rebuttal (very strong) but its red flag antics elsewhere and the limp dick behaviour of the deadwood press, notably The Times. I also look at Cabot Energy (CAB) which is surely AIM Casino toast.

SAE
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Simec Atlantis Energy– More Red Flags than Red Square on May Day!

I have provided input to projects in the UK power sector over the last 30 years, initially in the “dash for gas” in the early 1990’s building gas fired combined cycle plants but in recent years in the “renewable sector” of waste to energy generation. I thought as a change to looking at Oil and Gas companies I would have to detailed look at one active in the renewable sector - Simec Atlantis Energy (SAE) caught my eye. High technical and commercial risk, does not begin to describe my conclusions!

EPWN

Epwin Group – “in line with market expectations” & “significant strategic progress”… so why are the shares further lower?

Having been heading towards 85p at the start of June, shares in “manufacturer of low maintenance building products, supplying businesses in the Repair, Maintenance and Improvement, new build and social housing sectors” Epwin Group (EPWN) closed yesterday at 72.7p. Today a half-year trading update including “the board anticipates adjusted profit before tax for both H1 and the full year to be in line with market expectations” and “we have made significant strategic progress with new product launches, the continued reshaping of the group's footprint and the acquisition of PVS” – though the shares further lower towards 70p. Hmmm…

BUR
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FRC asked to investigate Burford Capital and auditors E&Y over 6 years of accounts - formal enquiry needed

As you know the Financial Reporting Council are big admirers of my work most recently thanking me for nailing First Derivates (FDP) HERE but inter alia, commending me for my work in exposing the Quindell (QPP) fraud HERE. As such I have been in touch asking that the FRC open a full investigation into the accounts of Burford (BUR) which, I believe, require a material restatement.

DMTR

DeepMatter Group – emphasises DigitalGlassware deal “a key milestone”… so how much is it worth?

DeepMatter Group (DMTR) is “delighted that o2h has progressed from our Pioneer Programme to deploying DigitalGlassware™ across one of its laboratories”. The shares have currently responded to 2.8p – er, approaching 10% lower…

HL
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Hargreaves Lansdown talks utter shite in insincere Neil Woodford Mea Culpa

As it announced pretty decent full year numbers, shamed Hargreaves Lansdown (HL.) did its best to pull the sting from the Woodford scandal by announced that CEO Chris Hill would skip his 2019 annual bonus altogether. But with respect the firm talked utter shite…

Newsboy
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Same old, same old for good or bad at Aviva, Cineworld and Funding Circle

More earnings season numbers dropped into the hopper this morning, so a quick move through three I have given views and opinions on over recent months…

Collapsing-Reactor
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Redemptions Watch: disaster strikes Neil Woodford (yet again) as Neil fails to do his homework - he should have listened to me!

Oh dear, oh dear, oh dear. So the Muddy Waters report was indeed about AIM-listed Burford Capital which duly crashed by 46% yesterday, to add to the 19% drop on Tuesday, and Neil Woodford’s second biggest stock pick is…er….no longer his second biggest investment. I rather doubt it is in his top ten now. The press, as predicted, has been baying for blood and the queues of gated Woodford Equity Income Fund investors looking to get their money back before any more of it just disappears into thin air will be lengthening. So let’s take a look at the effect of the Burford collapse on the Woodford empire.

BUR
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BREAKING: Burford’s Aussie Peer IMF Bentham slates the accounts of its British Rival

Burford Capital  (BUR) may claim that the Muddy Waters research report is hogwash. I disagree and regard it as a damning indictment which makes the shares univestable. Now senior figures in the industry are speaking out and they too slate Burford.

FDBK

Feedback plc – “working on completing a placing… in order to develop Bleepa”. It mean ‘in order to keep the lights on’?

“Statement re Online Commentary” from Feedback plc (FDBK) which “confirms that, in order to develop BleepaTM, the company's clinical messaging product, it is currently working on completing a placing of new shares”

WATR

Water, Water Everywhere and this Intelligent Outfit Drinks in Higher Profits

Hello Share Chasers. Never let it be said that I’m not topical in my observations. And during a hot summer, our minds turn to water and its conservation. Not so long ago I suggested you look at Water Intelligence (WATR)...

BUR
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Nervous Neil Woodford in a pickle over Burford, but Tom Winnifrith gets plaudits of Muddy Waters

Burford Capital has responded briefly to the damning report on it by Muddy Waters (aka Carson Block) by saying it will get back to us. Ho-hum – I don’t suppose that is quite what Nervous Neil Woodford wanted to hear as his second largest investment crashes by 63%, to add to yesterday’s 19% drop. His nails must be chewed to the bone – if he’s got any fingers left from catching all those falling knives. And as if things could not get any worse…..

Bearcast
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Tom Winnifrith Bearcast: Burford became uninvestable with a deranged RNS at 7 AM, Neill Ricketts is bonkers & Neil Woodford is finished

Once again this website stands 100% vindicated in l'affaire Burford (BUR) where our coverage for months has been ahead of the game. Natch the deadwood press will ignore all of that as well as our brave call of yesterday. I look at Burford, its insane reaction, which was a red flag in itself, and then the equally insane reaction of Neill Ricketts of Versarien (VRS) and where this all leaves disgraced Neil Woodford...

SAG

Science Group hits out following update announcement from Frontier Smart Technologies earlier...

Writing earlier, I concluded given the noted situation it is not surprising that Science Group (SAG) has requisitioned an EGM of Frontier Smart Technologies (FST) – and following the latter’s update announcement, Science Group (SAG) has now hit out in response…

INSP
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Inspirit – anything to tell us?

SVS, which is now in special administration, was the sole broker to AIM-listed Inspirit (INSP) so it is now operating without a broker – contrary to AIM Rule 1, which technically means it should be suspended forthwith. You might think that a little harsh, since there is no way Inspirit could have known its broker would have the lights turned out for it by the FCA all of a sudden. I daresay AIM Regulation is allowing a grace period for former SVS clients to sign up with another spivvy bottom-end of AIM broker. Inspirit announced on Monday that it would make a further announcement in due course, noting the demise of its (now former) broker. But here is the thing...

FST

Frontier Smart Technologies – trading “in line” following “agreed transition of the board”, so why the share price decline?

Frontier Smart Technologies (FST) has updated including “trading in the first half of 2019 was in line with the revised expectations… Trading to date in the second half is also in line with expectations” and on “ongoing discussions with Science Group plc” following “as per the joint announcement of 30 July 2019 entitled 'Board Changes', Frontier was pleased to announce an agreed transition of the board, in conjunction with Science Group”. But the shares currently more than 10% lower, below 30p?!...

BUR
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Video: Carson Block of Muddy Waters explains how Burford cooks its books

The report on Neil Woodford's second biggest holding, AIM Casino cdarling Burford (BUR) from Muddy Waters is - as you can see here - damning. Now here is a video where Carson Block explains the accounting tomfoolery that is at play. Enjoy.

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