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Spin City at G4S
Just one of those days in the crop of larger cap regulatory news disclosures today. I cannot get excited about either William Hill (WMH) or WPP (WPP) but the market appears relatively enamoured, so this brings us to a stock that historically I have loved to hate: G4S (GFS)…
- By Chris Bailey |
- 9 August 2019, 11:20 |
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Paying your bills in shares is never a good sign - Power Metal will need more cash soon
Companies which have undergone several name changes and have never managed to achieve anything in their previous incarnations always raise red flags for me, and I suspect that Power Metal Resources (POW) will follow a similar trend to many others that fall into this category.
- By Gary Newman |
- 9 August 2019, 10:41 |
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Redemptions Watch: Woodford funds still on a downer despite Burford reassurances
Neil Woodford’s funds saw yet more losses yesterday: Income Focus (WIFF) saw losses and redemptions, Equity Income (WEIF) dropped again despite reassurances from AIM-listed Burford (BUR) which had a fair old bounce after the collapse induced by Muddy Waters. Woodford Patient Capital reported yet another loss in NAV. Apart from all that it was a good day….. if you ignore the bad bits.
- By Nigel Somerville |
- 9 August 2019, 09:15 |
TLA Worldwide – “Proposed Sale of Australian Businesses”, shares soar BUT…
Shares in TLA Worldwide (TLA) have soared on an announcement that a “subsidiary… has entered into an agreement to sell… the remainder of the group's sports marketing businesses (the ‘Australian Businesses’) to QMS… the group would become an ‘AIM Rule 15 cash shell’… Net cash proceeds will be used to reduce the amount outstanding under the group's facilities with its bank. The bank has also agreed to waive any outstanding balance of its facilities on receipt of the net cash”…
- By Steve Moore |
- 9 August 2019, 09:15 |
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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.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 9 August 2019, 09:14 |
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.
- By Malcolm Stacey |
- 9 August 2019, 09:13 |
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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.
- By Tom Winnifrith |
- 8 August 2019, 16:39 |
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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!
- By Peter Brailey |
- 8 August 2019, 15:46 |
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…
- By Steve Moore |
- 8 August 2019, 15:33 |
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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.
- By Tom Winnifrith, The Sheriff of AIM |
- 8 August 2019, 15:32 |
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…
- By Steve Moore |
- 8 August 2019, 12:39 |
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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…
- By Tom Winnifrith |
- 8 August 2019, 10:38 |
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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…
- By Chris Bailey |
- 8 August 2019, 10:10 |
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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.
- By Nigel Somerville |
- 8 August 2019, 09:28 |
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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.
- By Tom Winnifrith |
- 8 August 2019, 09:26 |
Feedback plc – “working on completing a placing… in order to develop Bleepa”. It mean ‘in order to keep the lights on’?
A “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”…
- By Steve Moore |
- 8 August 2019, 09:25 |
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)...
- By Malcolm Stacey |
- 8 August 2019, 09:22 |
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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…..
- By Nigel Somerville |
- 7 August 2019, 16:12 |
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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...
- By Tom Winnifrith, The Sheriff of AIM |
- 7 August 2019, 16:09 |