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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 |
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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 |
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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 |
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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 |
Sunday Long Reads: Trump v Theresa May, Truffle Fraud, Three secret murders, Peter Max, Esports bubble
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 |
- 2 June 2019, 13:50 |
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Neil Woodford’s flagship Equity Income Fund – May scores-on-the-doors as the losses and redemptions pile up and the noose tightens
Neil Woodford has had a rotten month of May. His pride and joy Equity Income Fund started the month at £4.33 billion but finished at £3.71 billion – a shocking drop of 14.3% in one calendar month and two of the four accumulation units closed below the launch price of 100p almost five years ago. But how much of that was due to poor stockpicking and how much was the flood of his investors heading for the exit?
- By Nigel Somerville |
- 2 June 2019, 12:47 |
Notes from Underground - Bitcoin on a bull run?
This column exists to highlight the most popular articles and Bearcasts from the past week, the introductory paragraphs are merely what's on my mind on a Sunday morning. But this column has dropped in popularity to the #40s, so I will have to pull out the big gun: Bitcoin.
- By Darren Atwater |
- 2 June 2019, 12:44 |
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ShareProphets under DOS attack again, can you guess who is trying to gag us?
Earlier today the ShareProphets website went down as a result of a DOS attack. This was a deliberate cyber crime targeting this website only. We have now put in place counter measures which may make the website slower, until the DOS attack ceases, but keeps it up exposing criminals, fraudsters and liars. This is not the first time we have faced a DOS attack.
- By Tom Winnifrith |
- 1 June 2019, 18:08 |
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Tom Winnifrith Bearcast - 3 attempts to shut this site down in 10 days & the canard at the heart of the Neil Woodford defence
We must be doing something right. We are! We are exposing wrongdoing in financial services and thus I detail the three attempts to shut this site down of late. We will fight on and thank you for your support. If you value what we do please get others to subscribe HERE. I also look at the canard at the heart of the defence for Neil Woodford, a line spun to the Times today.
- By Tom Winnifrith |
- 1 June 2019, 18:05 |
Video: Gold is heading for $5000 an ounce
Mining entrepreneur Rob McCewen gave the keynote talk at the recent Hard Asset conference and discussed where we are in this new bull market for gold. He discusses the historic Dow to Gold ratio and why we headed back to the day when one ounce of gold will once again purchase one share of the DOW. He thinks gold is headed much higher and likely towards $5000.
- By Tom Winnifrith |
- 1 June 2019, 16:36 |
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More bad news for Neil Woodford as Proton Partners offers up FY19 accounts in a sea of Red Flags
I noted yesterday that Neil Woodford was suffering a Bad News Day. Steve Moore covered his investee Time Out Group HERE, the latest disaster (or, rather, lack of good news) from Thin Film, of Woodford’s Norwegian kennel is HERE (and the shares are down heavily since the article appeared) and his latest bad news from WPCT is covered HERE. And of course there is another slew of unhappy coverage from the deadwood press. Next up is the joke NEX-listed Proton Partners (PPI), which released its FY numbers to February.
- By Nigel Somerville |
- 1 June 2019, 12:51 |
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And so the fascist - and totally bonkers lawyers letter to Tom Winnifrith is from...we publish in full
I asked you to guess who was so daft and, as you can see HERE, you came up with numerous suggestions all of them wrong. But the sender of this letter below is doubley bonkers...
- By Tom Winnifrith |
- 1 June 2019, 11:22 |
Table of shorted AIM shares - week to 31/05/2019
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 Steve Moore |
- 1 June 2019, 11:21 |
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Beer and Popcorn time at Karelian Diamonds
Oohhh goodie! It was announced on Friday morning that AIM-listed insolvent POS Karelian Diamonds (KDR) had received a EGM requisition to sack the board……but due to a technicality the requisition received was not valid. However, on the expectation that another is on the way minus any technicalities causing problems, it looks as though the Prof Richard Conroy soap opera is set to take another turn.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 1 June 2019, 11:15 |
Paragon Entertainment – intra-day winding up petition developments
An intra-day (11:09am) “Response re: Winding up petition” announcement from Paragon Entertainment (PEL). Uh oh…
- By Steve Moore |
- 1 June 2019, 11:10 |
Should We Go Away in May This Time Round?
Hello, Share Trampers. For the last ten years, I’ve ignored the stock market adage ‘Go away in May and come back on Leger Day’ (September). But it’s beginning to look like better advice this time around. Just when the Footsie seemed to be recovering from the Brexit blues, it’s gone back into reverse.
- By Malcolm "Project Fear" Stacey |
- 1 June 2019, 11:07 |