Who made the worst Neil Woodford call? Egg on Face Contest
The deadwood press was fawning as a pack over Neil Woodford until relatively recently. For a long time myself and other other writers here, notably Cynical Bear and Nigel Somerville, were lone voices in the wilderness though our analysis was spot on. But in recent times Neil has lost most of his makes but some still stayed loyal.
- By Tom Winnifrith |
- 3 June 2019, 23:55 |
premium content
HL bins Woodford Income Focus from Wealth 50 - suspension surely looms there too
Hargreaves Lansdown has announced the removal of Neil Woodford's Equity Income Fund from its Wealth 50 top picks- no suprises there: HL may have egg on its face but since the fund is no longer tradeable there was no choice. But HL has also chosen to remove Woodford Income Focus Fund as well. Given what has just happened at EIF it is now a racing cert that Income Focus will also be suspended when there is a tsunami of panicked redemptions, Woodford cannot meet, tomorrow.. If you hold some, you had better hope you can get out tomorrow.
- By Nigel Somerville |
- 3 June 2019, 23:12 |
premium content
What now as Woodford Equity Income Fund suspends trading? Shimples: carnage - China Syndrome time
Well shock, horror, probe! As predicted on ShareProphets for months, Neil Woodford’s Equity Income Fund has had to suspend dealing in its units with immediate effect, until further notice, to allow time to reposition the element of the fund’s portfolio invested in unquoted and less liquid stocks, in to more liquid investments. You can’t say you were not warned here on ShareProphets – and whilst it may be Ouzo time here for Tom Winnifrith and me, spare a thought for Cynical Bear who unpicked so much (and now has to get his dancing shoes out!) So what now?
- By Nigel Somerville |
- 3 June 2019, 21:20 |
If you say any sort of prayer tonight, a request from Malcolm
For those who have a religous faith, be it Christian like mine, or any other, would you please pray for my son Robin’s next door neighbour in York.
- By Malcolm Stacey |
- 3 June 2019, 19:34 |
premium content
Video: Tom Winnifrith exposes Neil Woodford back in April 2018 - so far ahead of any other journalist
Neil Woodford, Britain's best known fund manager has seen his empire start to crash and crumble today with a suspension of dealings in his flagship fund. Some in the corrupt deadwood press, like the Mail on Sunday, were still praising Woodford yesterday. Others have turned bearish over the past few months having previoously drunk the cool aid. But for almost two years we have been calling this out as a debacle waiting to happen, you can see our full, and incredibly detailed, coverage HERE. Site Editor Tom Winnifrith gave a keynote address at UK Investor 2018 predicting exactly what would happen and highlighting numerous red flags. You can see that video, now shown to be UK Investor at its finest, below
- By Tom Winnifrith |
- 3 June 2019, 18:56 |
premium content
Breaking News: Dealing in units in Neil Woodford's flagship fund suspended until further notice
You cannot say that this website did not warn you so many times. Our coverage of Neil Woodford over the past two years has been streets ahead of the game - as you can see HERE - and now the drama has become a crisis. Dealing in units in Neil Woodford's flagship Equity Income has been suspended 'with immediate effect and until further notice' after a spike in redemptions. We told you there was a liquidity crisis. We told you the FCA was on the case. As I called him out at his AGM, Neil Woodford accused me - by name - of publishing fake news. Sir, I am owed an apology.. So are your poor investors.
- By Tom Winnifrith |
- 3 June 2019, 17:58 |
premium content
Tom Winnifrith Bearcast: helping the FCA with its enquiries
I am always happy to assist my good friends round at the FCA and start with this and Julie "Lingerie on Expenses" Meyer. I move on to Neil Woodford and Kier (KIE), then Yourgene (YGEN) and a long chat with Adam Reynolds, Bluejay Mining (JAY), Argo Blockchain (ARB) and Eqtec (EQT).
- By Tom Winnifrith |
- 3 June 2019, 17:53 |
premium content
Purplebricks: Dumb Hun-ny – "resigned" founder Bruce sells all his shares to Axel Springer
Michael Bruce founded Purplebricks (PURP) and was its boss until he “was resigned” after the most recent lack of profits warning. Having sold £25 million worth of shares at 360p to Germany’s Axel Springer last March (when the Krauts also spunked £100 million on new shares at the same price), he is not short of a bob or two but today he dumped his remaining 46 million shares on Springer at £1 a pop.
- By Tom Winnifrith |
- 3 June 2019, 16:59 |
premium content
Should savers keep faith with Neil Woodford, asks his ardent fan Ruth Sunderland of the piss poor Daily Mail
Oh the pain and suffering I have to endure for you, dear reader! I have just read Ruth Sunderland's article in the Daily Mail asking whether we should keep faith with Neil Woodford so you don't have to. Of course, there is nothing new to ShareProphets readers - you heard it all before, months ago. The answer, obviously, is no. But there is more to it than that.
- By Nigel Somerville |
- 3 June 2019, 15:49 |
Carclo – “Change of results announcement date”. Rarely good news…
Previously writing on Carclo (CAR), in April I retained caution on the back of a “Year-End Trading Update”. Now a “Change of results announcement date” announcement. Rarely good news…
- By Steve Moore |
- 3 June 2019, 14:47 |
Monday Caption Contest: Neil Woodford spunks £50m of other folks cash in a day thanks to Kier disaster edition
Today's monumental disaster for embattled fund manager Neil Woodford is Kier (KIE) as Nigel Somerville outlines HERE. But how did Nomates react when he heard the news? We have a photo below and your mission, to win a signed photo of Julie "Lingerie on Expenses" filling out her tax return, is to supply a suitable caption in the comments section below. The deadline is midnight tonight, do your worst.
- By Tom Winnifrith |
- 3 June 2019, 14:08 |
premium content
Scapa Group – “Notice of Termination of Material Contract”. Uh oh…
A “Notice of Termination of Material Contract” announcement from Scapa Group (SCPA). Uh oh…
- By Steve Moore |
- 3 June 2019, 12:42 |
premium content
Neil Woodford blows another £50 million of other people’s money as profit warning from falling knife Kier triggers 40% collapse
Oh dear, oh dear, oh dear. I can’t help it: I told you so. Shares in fully-listed Kier Group (KIE) have dropped by 40% (last seen) this morning, after a big profit warning, to just 165p. Neil Woodford – who knows best – had been hoovering up stock all the way down since the calamitous rights issue last December at 409p – itself a huge discount to the price Woodford was paying when he first bought in. It is yet another in a long stream of terrible calls by the great man, but I wonder if it will prove to be the last. But heck, the £50 million up in smoke on this call alone today is only other people's money.
- By Nigel Somerville |
- 3 June 2019, 11:17 |
premium content
FTSE reshuffle – are you a mean reversion or a momentum investor?
Index reshuffles in the UK are typically a quarterly thing and the one due to be definitively announced later this week seems to be bad news for a stock I have recently written about (and currently own): easyJet (EZJ)…
- By Chris Bailey |
- 3 June 2019, 10:40 |
Most of the real wealth will still be there...
Most of the real wealth will still be there. It's just going to change ownership, to those that were positioned correctly...
- By David Scott |
- 3 June 2019, 10:34 |
Are You Game for a Video Game Developer with A-Listers on its Starry Client List?
Hello, Share Forkers. As someone who lost a packet yonks ago by investing in video game makers, I have been wary ever since. My family also took a pounding in that dark previous period when a prominent video retailer got into trouble. But you cannot let old prejudices get in the way...
- By Malcolm Stacey |
- 3 June 2019, 09:23 |
premium content
Tom Winnifrith Bearcast: the latest Novum/Aberdeenman POS ramp deconstructed & asking the fuzz to investigate two old friends
In today's bearast I take a detailed look at Sub Standard list Bermele (BERM) which is over-ramped, dripping in red flags and been pushed by shamed Bulletin Board Moron Aberdeenman. I also explain why I shall, tomorrow, be asking the Met to investigate whether Julie "lingerie on expenses" Meyer and her lawyer Peter McGrath might - as a result of this - be perverting the course of jiustice as I have news on the FCA's criminal investigation into Meyer which seems to be ratcheting up. I am not accusing either of this serious crime merely asking the Met to see if something awry is taking place.
- By Tom Winnifrith |
- 2 June 2019, 19:26 |
OptiBiotix – ProBiotix development continues and a director buys: BUY
More positive news for us loyal OptiBiotix Health (OPTI) shareholders, with an announcement of “Appointment of CEO of ProBiotix Health”…
- By Tom Winnifrith & Steve Moore |
- 2 June 2019, 18:33 |
premium content
Acacia Mining shows that all that glitters is not gold
I have rhapsodised enough times on this website about one of my favourite global corporate chief executives, Mark Bristow who has evolved from being in charge of the previously London listed Randgold Resources to (via a corporate transaction) heading up Barrick Gold which is primarily listed in Canada and the United States.
- By Chris Bailey of Financial Orbit |
- 2 June 2019, 17:45 |
Gold – has Jordan Roy-Byrne finally turned bullish? I think he has!
There aren’t many chartists that one would pay close attention to, but Jordan Roy-Byrne is one to pay attention to. I have said before that whilst he is presented as a technical analyst, much of what he offers is more to do with a history lesson and he has an alarming rate of accuracy.
- By Nigel Somerville |
- 2 June 2019, 17:27 |