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.
Naturally I start with the big news of the day - an update on the annual medical of my two cats Tara and Oakley. Then it is onto explaining who gets to define boring, spitefull and vendetta in terms of my earlier podcast on overvalued junk Uk Oil & Gas (UKOG). Then why Gary Newman is wrong on Plethora (PLE). Then onto Finnaust (FAM), Gulf Marine (GMS), Centaur Media (CAU) and POS Golden Saint Resources (GSR)
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Comments
Gary Newman
Tom,
I take your points onboard but do still think that PLE offers upside from the 5p level and it seems to have found support at this level now despite the selling.
Ideally the trade here would be to go long on PLE with an equivalent short position on RP (based on the 15.7076 RP shares per PLE share) – but it isn’t possible to short that one unfortunately even if you wanted to.
I also thought that any RP holder who was able to sell might be doing so there, and instead buying PLE shares – effectively getting their RP shares back at a cheaper price when the deal goes through (assuming of course that it does).
I expect there will be renewed interest in PLE if and when a firm offer is announced. Like any share though it does of course carry risk still and I’ve invested an amount that i feel comfortable with.
johng
Lenigas needs to be exposed and exposed big. He’s been getting away with it for far too long. Keep it going Tom.
DUCK AND DIVE
I would like to complain that ShareProphets does not give enough coverage to the roly-poly ramping rogue, David Lenigas. Where is the AfriAg exposé? Was it mere bluster that you were putting some local journalist on the case? Has anyone found the mythical AfriAg SA? Is it true that he is planning to acquire a new contraband tobacco and blood diamond logistics outfit called ScumbAg? And that all profits from the listed AfriAg Plc are channelled into his private company, SwAgbAg? Surely, we should be told?
ShareProphets also has to atone for its long and ill-judged pallyness with the moron-molesting snake oil salesman, about which I used to express outrage. I thought, wrongly, that anyone with your apparent intelligence would be immune to his evil spells. Your penance must be to expose him thrice daily until he is carted off to Tichilești.
wildrides
D&D
complain ! It will be water off a ducks back mate !