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Who exposed Neil Woodford - laughable fake news from the Sunday Times cocksuckers
The first article where we warned about Neil Woodford was in 2015. By 2017 our coverage was detailed and on an industrial scale taking aparty every aspect of the Woodford empire. As Bloomberg stated yesterday, we at ShareProphets, were first. The deadwood press, including the Sunday Times just blew the great man off. But today we learn , as you can see below, that it was a Sunday Times investigation on March 3 2019 that FIRST exposed what was going on. FAKE NEWS!!!!
- By Tom Winnifrith, The Sheriff of AIM |
- 9 June 2019, 11:00 |
Sunday Long Reads: Forecasting D-Day, Google's collapse, Record Industry profits, Lizard People, Cryptocurrency feudalism
Is there anything better than sitting back and reading a well-written article on a lazy Sunday? Every week ShareProphets features some long form journalism that you'll find of interest. Grab your cuppa and enjoy these five articles.
- By Darren Atwater |
- 9 June 2019, 10:59 |
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Neil Woodford – what of the regulatory response?
With Neil Woodford’s fall from grace following the gating of his equity income fund – which came as no surprise to readers of ShareProphets following our intensive coverage of the last two years. Actually, our first piece discussing Woodford’s woes was way back on 14 April 2015. Take that, the Sunday Times, which is claiming credit for bringing down Neil Woodford because of a piece in March of this year. But now, already, there are calls for changes to the regulatory environment - new rules, new hoops to jump through to prevent this happening all over again.
- By Nigel Somerville |
- 9 June 2019, 10:26 |
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Yourgene – Adam Reynolds buys 900,000 shares at 11p, chat with the great man
Reynolds now owns 6.35 million shares in Yourgene (YGEN), 1.1% of the equity and though not a dominant portion of his net assets, still a material amount. So why did he buy? I chatted it through with him and his simple answer is “because the shares are cheap and I could.”
- By Tom Winnifrith |
- 9 June 2019, 10:26 |
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Woodford Income Focus – the noose is tightening: sell while you still can – and where is the FCA?
I have warned in the strongest terms that Neil Woodford’s Income Focus fund (IFF) will be gated and repeat that warning today. Last weekend I warned that the noose was tightening over EIF (call me Mystic Meg) and today I give the same advice on IFF. In the light of the suspension of Woodford’s flagship Equity Income fund (EIF) on Monday, I warned that the rush to the exit at IFF would be extreme and this morning’s figures bear that out with bells on.
- By Nigel Somerville |
- 9 June 2019, 10:24 |
Kefi Minerals at 1.53p worth 8.53p claims convicted felon Champagne Charlie Gibson
After news last week there is no doubt in my mind that Kefi Minerals (KEFI) really is very cheap. And so I present a note explianing why. Two caveats. 1. It is published by Edison which is paid to push this out so is hardly impartial. 2 The author is my old pal the convicted felon Champagne Charlie Gibson. To his credit, when not getting sozzled before driving home in his motor to go cuffing members of the working classes, Charlie does actually know a bit about mining. The note is below.
- By Tom Winnifrith |
- 9 June 2019, 10:22 |
Notes from Underground - Top 20: It's Woodford all the way down
So, did my plan to zoom this column to the Top of the Pops by putting in a pandering Bitcoin infographic work? No, it did not.
- By Darren Atwater |
- 9 June 2019, 10:22 |
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St James's Place: fees on top of fund management 'excellence' equals problems
Back in January, I noted that 'fees do not matter so much to people when markets are pushing up double-digit per cent with apparent ease but when the music stops a bit, people start paying attention more and that is not good news for St James's Place (STJ)'.
- By Chris Bailey of Financial Orbit |
- 8 June 2019, 14:39 |
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Tom Winnifrith Bearcast: I want to call an EGM to sack the entire board at WPCT unless they fire Neil Woodford, who will join me?
I start this podcast with a look at some of the shite press coverage of the Woodford scandal today, notably Patrick Hosking in The Times and the Daily Mail. Then it is onto what ios the end game for Neil personally: jail? insolvency of WIM? A lifetime ban from financial services? Another OBE and more tea with his pal David Cameron? Finally I look at Woodford Patient Capital Trust (WPCT) and reach out to fellow shareholders. I wish to call an EGM to sack the board and explain why. can you help me?
- By Tom Winnifrith |
- 8 June 2019, 09:47 |
Modern Water – following Nigel’s Easter Red Flags at Night warning, an intra-day “Trading Update”…
Its previous coverage on this website was Nigel Somerville’s Easter Red Flags at Night: Modern Water FY results a washout – SELL!, now an intra-day (10:55am) “Trading Update” from Modern Water (MWG). I’ve got a feeling this ain’t going to be a positive update!...
- By Steve Moore |
- 8 June 2019, 09:06 |
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Oh dear, Neil Woodford. Purplebricks – is the writing on the wall for a fundraise, as you desperately try to sell?
AIM-listed POS Purplebricks (PURP) has just announced the appointment of Citigroup Global Markets as joint corporate broker to act alongside existing broker Peel Hunt. If that is not a sign that a fundraise is coming, I don’t know what is.
- By Nigel Somerville |
- 8 June 2019, 09:06 |
PHSC – security technology proving diversification or ‘diworsification’?
Writing on the most recent full-year results from PHSC plc (PHSC), I questioned security technology to prove diversification or ‘diworsification’?. Now a year ended 31st March 2019 “Trading Update”…
- By Steve Moore |
- 8 June 2019, 09:05 |
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Woodford Patient Capital Trust: A Happening Accident – Sell at 63p, this could be a zero
As usual with the Woodford fiasco, the regulators step in after the damage has been done. The FCA will be all over it now but were conspicuous by their absence while the warning signs flashed. There is at least something that it could still do to protect the private investor from further damage (I am getting tired of warning people against taking a punt on Woodford Patient Capital Trust (WPCT) to avail themselves of the juicy 30% discount to the daily published NAV)…
- By Lucian Miers |
- 8 June 2019, 08:52 |
Table of shorted AIM shares - week to 07/06/2019
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
- By ShareProphets |
- 8 June 2019, 08:44 |
Our Shares, Another Referendum, No Deal and Peterborough. Here's the Big Choice.
Hello, Share Scullers. Whether or not you want to stay in or come out of Europe, I think you’ll agree that shares will shoot up if a second referendum is announced. Just as they will topple if we come out with no deal. As private armchair tycoons, we need to take a view on which outcome is most likely to happen.
- By Malcolm "Project Fear" Stacey |
- 8 June 2019, 08:43 |
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Tom Winnifrith Bearcast: Mark Dampier of Hargreaves trousers £5.6m days before the Woodford shite hits the fan, having been the ramper in chief
In today's bearcast I look at the 5.6 million questions Mark Dampier has to answer in the wake of the collapse of the Neil Woodford empire. I also look at how the contagion could swamp one of Hargreaves Lansdown's (HL.) own fund of funds unit trusts and at the massive COIs at Hargreaves which the Woodfiord scandal reveals. I look at Redde (REDD), Surgical Innovations (SUN) and give a direct answer to Roger Lawson as to why I will continue to call out the corrupt and useless deadwood press even if it means no coverage of the achievements of this website. It is called feeling comfortable with yourself, Roger, for telling it as it is. Postscript: Late tonight it has been announced that shamed Dampier is to "retire".
- By Tom Winnifrith |
- 7 June 2019, 15:06 |
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The Neil Woodford pain continues as NAV slips and stampede of redemptions continues at Income Focus. Tick-tock, how long to suspension o’clock?
Yesterday I showed that redemptions at Woodford Income Focus Fund (IFF) had been 6% the previous day. This morning it is down again sharply – and so is Woodford Equity Income Fund (EIF) despite the gates being firmly shut.
- By Nigel Somerville |
- 7 June 2019, 11:47 |
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Fat Bastard Malcolm Graham Wood & the Bulletin Board Morons time to apologise – Frontera Resources officially a zero
Oh dear. All the abuse I got from folks who insisted that I was wrong in calling out the fraud that was Frontera (FRR). All those folks who quoted the whore blogger, fat bastard Malcolm Graham Wood who took undeclared payments from Frontera to say how cheap its shares were. Will the whore blogger apologise to those who believed him? Will the morons apologise to me? For today IG is paying out on short positions valuing Frontera shares at 0p. Its bust.
- By Tom Winnifrith, The Sheriff of AIM |
- 7 June 2019, 11:40 |
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Can Neil Woodford avoid being sacked again today? Er….what of WPCT?
Sorry Neil. It was an attack of commentator’s curse so it is all my fault that you were sacked after-hours yesterday by Openwork from your job managing the Omnis fund. Obviously it was nothing to do with you. The question now is can you avoid getting the tickety-tack today. With no more external funds to be sacked from, having lost your jobs with St James’ Place and Openwork….oh, and Quilter a few weeks back, you might be feeling a little more confident on that score today.
- By Nigel Somerville |
- 7 June 2019, 10:39 |
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Diversified Gas & Oil - over to PWC to explain why its accounts must be restated
As I noted in my earlier bonus bearcast, Diversified Gas & Oil (DGOC) or its agents at Cenkos, Stifel and Mirabaud are almost certainly briefing the dumb fucker insitutions who own this stock that I do not understand IFRS 3 and so my claim that its accounts grotesquely overstate "profits" and must all be restated are hogwash. Au contraire...I now refer you to PWC.
- By Tom Winnifrith, The Sheriff of AIM |
- 7 June 2019, 09:54 |