Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. 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 4 November: Inspirit Confetti for the fire tomorrow?

On today's podcast I start with a couple of risers: Berkeley Energy (BKY) - where's my apology Brokerman Dan? And Optibiotix (OPTI) - you know I am not totally useless at long tips. Then onto the losers: Galasys (GLS), TyraTech (TYR), Northern Petroleum (NOP). Then it is Golden Saint Resources (GSR) where I also try to help out hapless compliance officer the Northern Slum refugee Richard "Gollum" Gill by explaining the rules about a financial promotion. I missed out FastJet (FJET) - down on weak passenger data, can anyone remember anyone involved in its IPO who might be a red flag? Then I turn my attention to David Lenigas, the boiler room and Inspirit (INSP).

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Comments

drunken sailor

4 November 2015, 08:58

Re 3 Legs: when the new management took over the shell this was in the circular:

“Richard Armstrong and Colin Weinberg have consented to join the Board, conditional upon Admission occurring, and have confirmed that, on becoming Directors, they will not interfere with the making of the Capital Return Payments. In addition, from Admission Peter Redmond will act for the Company as a consultant to help implement the Investing Policy. Brief career details of Richard Armstrong and Colin Weinberg are set out below.

The New Directors’ remuneration will be substantially dependent on completing a significant transaction, as will that of Mr. Redmond. The New Directors’ salaries will be initially set at GBP5,000 per annum each, which will accrue until a significant transaction is completed.”

If they now make a mint on doing a decent reverse good luck to them, they deserve it for not being greedy pigs from day 1.
Bond

4 November 2015, 09:12

OPTI has done very well, great tip!

Are you still in Adam Reynolds’ also-ran REACT plc?
Mike Cooper

4 November 2015, 09:30

Tom i don’t know if your old enough to remember Frankie Howard in Up Pompeii but I can just imagine you walking on stage at your next conference preceded by a soothsayer ringing a bell and shouting woe is me woe and thrice woe.
It would start the whole thing of with a laugh if nothing else.

Mike
Daniel Victor

4 November 2015, 11:56

I own some Tyratech.Their products do work – at least their Vamousse head lice product does,as it’s sold here and in the USA.They simply ran low on cash.
Tom Winnifrith

4 November 2015, 11:57

Bond

Yes I am. Very relaxed indeed

Mike – Sadly I am old enough. Not sure I have the legs for a toga though

t
JustCurious

4 November 2015, 15:01

I would also like to salute the Optibiotix tips, they have consistently come good. Keep it up!
jsimbo

5 November 2015, 09:32

I bought optibiotix on the strength of your comments 3 days ago, now up over 50%. nice one!

Now I just cant decide if I
a: smile and walk away with my 50, easy money.
b: sell now, wait for likely minor dip after the buying frenzy and re-buy
c: just stick with it for the long run.

hmmmm, I usually do c with any share and hate b, but with this one a is tempting. its just such a nice freebee.