From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Tom Winnifrith Bearcast - Sam Antar accounting lessons, for me, Rob Terry & Lombard

By Tom Winnifrith | Saturday 28 May 2016


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.


Recording in Kalamata, I have one last day in sunny Greece before I head back to the UK for five days of family time. Boo hiss.  I start with another reminder of how thick some AIM folk are - London Capital (LCG). Then I look at the different way that private and public businesses account for profits running through how Sam Antar cooked the books at Crazy Eddie's. That makes me reflect on accruals causing me to examing the balance sheet of Lombard Risk (LRM) as Phil "InterX" Crawford drives it onto the rocks and also how Robert Simon Terry accounted for industrial deafness, something that will send him to gaol.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

CTAI

Catenai – monster dilution

Time left: 10:35:53