UK 08:51 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
I start with last night's/this morning's twitter tag team trolling of me by David Lenigas and Yusuf Kajee of Afriag (AFRI). I really feel pity for them and next time I go to Church ( December 24th) will pray for them. Then it is on to ADVFN (AFN) and its share price movement, to Blenheim Natural Resources (BNR) & African Potash (AFPO) an AIM tale of shame. Then I move into Riosslyn Data (RDT) and the looming placing, blinkx (BLNX) and Restaurant Group (RTN)
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Comments
Daniel Victor
Tom,it was this government that gave us record low interest rates.The National Debt is at a record and growing fast,and any rise in interest rates will eventually translate into higher government borrowing costs.So why do you suppose that the government will be in a hurry to raise interest rates ?
TW: BofE sets ratesDaniel Victor
Er yes,sorry,I forgot. . And they of course are totally independent of any government influence.
Poohbear
Off topic TW: You haven’t mentioned OPTI recently. Was the recent tie up with KSF the big news that you expected or is there is more to come? Thanks
Bearfacts
Tom, regarding Blenheim (BNR) as I’ve commented before of which you gratefuly praised me on (highlight of my media commenting year) I agree this company shames AIM.
Even if biggib (seems good chap) has invested in here and the stock is more liquid for now (although I still rate as a lobsterpot stock) this stock really should have had its listing cancelled due to not properly and continually satisfying its investing policy under rule 15.
Firstly the business disposed of its coffee roaster business in Jan 2012 and the shareholders approved the investing policy under rule 15 at the agm in Feb 2012, since then all its investments have been have been some traded equities and African eagle investment.
I’m not sure but I reckon aim regulation should look to see if they have completed and continued compliance of rule 15.
All the best
Bearfacts
Tom, re Blenheim also I note in the placement of 5th Oct they issued broker warrants for completing the placement to Peterhouse (New joint broker) And Cornhill at that point not a broker of theirs mmmm. (Announced 16th Oct)
45k warrants at 0.65 not bad if you can get it…..especially as cornhill were not their reg joint broker till December.
All the best…
JG
not nice speaking ill of the dead…. especially so if it’s your loved one….
http://tomwinnifrith.com/articles/4449/rip-bob-crow-of-the-rmt-you-will-not-be-missed-in-the-slightestnow you know how hurtful it can be Tom.
warun boofit
If I was the CEO of Restaurant Group I would right now be downing several double gin and tonics whilst muttering about what the fuck have I done today, merely pissed away around £220 million off its market cap within 60 minutes of releasing the rns. The management of RTN are the very antithesis of the former Lenigas run companies, this level of frank and realistic outlook would have seen Mr Lenigas dissapear back up his own arsehole from wence he came. RTN will probably bounce back somewhat after todays overdose of honesty as they have a golden balls of a balance sheet and have weathered every consumer downturn since they reversed into Belhaven brewery established in 1256 to keep the monks supplied with beer.
phil
When everyone clapped when the politicians passed decisions of Interest rates to the unelected (unelectable), unaccountable groups of officials and banking ones at that, I am the only one thought, that is pretty much a dumb move that will end in tears, and it will. Hint – we have an economy because we have people, it really isn’t the other way round
JustCurious
Daniel Victor echoes my own thoughts on the flaw with Tom’s thesis on US interest rate rises. I don’t expect more than a couple (at most) of 25 bps rises, not least because I believe that the Clintons will call in every favour they are owed (and promise some fresh ones too) to keep the electorate happy with their economic well-being. After Hilary is in the White House then all bets are off, but for the duration of 2016 I expect significant political pressure being applied to keep rates down.
JustCurious
One other point on Blinkx. Cash position should be lower because of the DefCon on their Ad Karma acquisition. From memory they had to pay 5m in cash or shares by the end of Dec 2015. There has not been a specific RNS dealing with that (although notifications on Total Voting Rights would suggest no fresh equity has been issued to cover it). I don’t know if Blinkx are obliged to notify the market when the payment is made, but if you’re going to chase the company then it should be for that!