Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Tom Winnifrith Bearcast 28 January

By Tom Winnifrith

28 January 2015 05:59

More:

I am in full flow today! I start with Kevin Ashton and why you should all buy a ticket for UK INvestor Show on April 18 NOW (HERE) and give thus guy a standing ovation. He is a total 100% hero. I then move onto Gowin New, and then to Mosman en passant (more detail HERE) and then to Bagir ( what i a "good" company, hint - not bagir, and why), Sopheon, TXO and Golden Saint Resources. There is a bit of a discussion about the lack of AIM Regulation and ZAI Corporate Finance.

Already a member? Sign in

Sorry, Bearcasts are available to paid subscribers only.

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 13 year archive

• ShareProphets Daily Newsletter

Cancel any time

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

filthy lucre

28 January 2015, 08:05

I listened to the comments on today’s podcast from you Tom. But an analyst should not recommend a buy or a sell and trade himself. Ashton presumably did not do this. But sharing a stage with men who engaged in a big bear raid whilst you were the analyst covering the stock, still seems very wrong to me.
David South

28 January 2015, 10:23

Tom, I see that Beaufort are recommending JQW. Any comments?
David
Woody44

28 January 2015, 10:37

AIM Regs would rather Nomads take on dodgy clients than have a company cancel its AIM Admission. This is a problem with AIM Regs, not the Nomads.
CHARTMAN

28 January 2015, 12:42

When it was first announced that Kevin Ashton was making an appearance at the Investor Show, I did think wow! How the hell has that been that pulled off? As all that was last heard of K. Ashton was that he’d gone to ground and was on “gardening leave”. No media interviews, nothing. Credit where credit’s due – that is a scoop!

My second thought was, will April be too late and QPP just a memory as a company that was once listed on AIM?

Whatever next? Is there still time to sneak Edward Snowden in and out of the show?
drunken sailor

28 January 2015, 13:10

TXO started the Tim Baldwin era with Beaumont Cornish, the rumour I heard was that it was Roland Cornish that brought Tim into TXO and then regretted it.

The other thing that depresses the share price is their death spiral funders Bergen have 73M shares to start dumping tomorrow. They will be keen to dump as quickly as possible so they can convert more before suspension. The Nomad situation is one reason for suspension, the other is that they need to get the annual report out by 31 Mar and they have not had the cash to even call in the auditors and if they do have the cash after the placing to related parties, who clearly have unannounced material information, the auditor will see they do not have the cash to remain a going concern and will say so.

All this sums up to ZAI being the only possible option, provided TXO have the cash to give fat Ray his Nomad and Broker retainers up front and Ray is perfectly happy that he could very easily take on another Naibu that suspends within weeks of him taking them on – once might be careless, but twice in quick succession! can Ray really be that desperate and can AIM regulation continue to just completely ignore all its own regulations? Yes probably.