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You may have missed that this week is apparently National Sandwich Week. As with life in general, I am a pretty conventional sandwich eater with the vegetarian offerings by that fine emporium Waitrose a particular favourite. Well if you are going to eat on-the-go it is better to eat well, right? Anyhow - at least on this website - my sandwich obsession has been centred around Greencore (GNC) where I had to admit a mea culpa a couple of months or so ago. However - as you can read HERE – I did keep the faith observing that:
It is only a matter of time before devout Christian Julie "sex toys on expenses" Meyer and her lawyer Julian Pike of Farrer & Co - slammed for illegal and unethical behaviour on her behalf by a Maltese Judge the other week - try to get this website or my twitter account taken down. For now they pick on other critics and weedy twitter is showing whose side it is on. It is not that of free speech.
Yesterday afternoon, Neil Woodford released his end-April portfolio updates so thought I’d provide a bit of commentary prior to a couple of headache inducing articles (for Neil) later on in the week. Not a huge amount of change; however, it’s good to see an open-ended fund getting stuck into the use of debt in such a cavalier way!
Oh dear, oh dear, another day and another set of documents arrives at Winnileaks. Yesterday we showed how devout Christian Julie "more lingerie on expenses" Meyer MBE was in deep merde with the US taxman, the IRS and had also committed a criminal offence in lying to the IRS by not declaring a source of income. Today we expose Ms Meyer's equally worrying problems with the British taxman. She may have a letter from the Queen and an MBE but she has been depriving Her Majesty's Revenue and Customs of money that is rightfully its. Naughty, naughty.
Don't get me wrong. I may be a diehard Republican but I loved the Royal Wedding. However the man feted as the hero of the day, that American Bishop really did spout absolute bollocks. I explain why. In this podcast I warn Julie Meyer that today's bombshell exposes are just an appetizer for what is to come later this week. I also look at Arian Silver (AGQ), AIQ (AIQ), Seeing Machines (SEE), Avanti Communications (AVN) and RM2 (RM2).
There is more chance of me shagging the entire Dallas Cowboys cheerleading squad by midnight on Thursday than of devout Christian Julie "sex shop purchases on expenses" Meyer MBE turning up in a Maltese Court to answer the criminal charges she faces. Her failure to attend has infuriated the Maltese as have the emails sent to the Judge by her lawyer Julian Pike of Farrer & Co which were branded illegal and unethical. But what has really goaded the Maltesers was her bizarre claims last week that they were sexist, corrupt Marxists.
A load of people respected in the Big City, including our own Uncle Tom, believe that thinking ‘Gold’ is a jolly good mindset to have. After my current experience with Beaufort Securities, I am minded to buy a bar of gold and stick it under my bed. I could also buy the real thing from an agent and he or she will keep it for me.
An AGM update from Restore (RST) includes “2018 trading has started satisfactorily across the group and our expectations for the full year remain unchanged… We look forward to delivering another year of progress” - and the shares have currently responded more than 6% lower, to 516p. Hmmm…
AIM-listed, Houston headquartered, Cayman Islands registered oil/gas play Frontera (FRR), whose operations are in Georgia (and if that’s not a Red Flag….) has confirmed gas flow rates from its Dino-2 well in the Taribani complex. It flowed at 315 bbls per day – well, at least part of one day. Apparently that’s commercial, but I doubt shareholders can count their winnings just yet.
Self-styled “the world leader in narrowband radio mesh networks”, CyanConnode (CYAN) has announced results emphasising “2017 has been a year during which we have both made significant progress within the company in terms of winning orders, growing our global ecosystem of partners, expanding our geographical reach, and putting in place a world class team to develop product and deliver on the order book which has grown significantly during the period”. Er, ok. What about financially?...
A “Business Outlook Update” from computer vision technologies company Seeing Machines (SEE) - following an announcement on Wednesday of “Australian Distributor Expands Guardian Commitment” and on Friday of “European Commission Agenda Affirms SEE Tech”, which together saw the shares up from 6.6p to 8.55p. Surely good news then…
As we saw earlier, Julie Meyer has told the US taxman, the IRS, to who she owes vast sums, that her only source of income is - illegal - director loans from Ariadne in Malta. Unfortunately that is a lie. Because, thanks to Winnileaks, you can see below a letter from a Swiss company Vestergaard where Julie is a director detailing her pay in 2017. Check its website and you'll see she is still a director. Ooops, I bet Julie hopes the IRS don't find out about that. Sadly for the devout Christian...
If Italy’s neo-anarchist "Grillini" had combined with anti-euro Lega nationalists two or three years ago to form an insurgent government, it would have set off panic in the bond markets. Yet now that this is upon investors, risk spreads have barely moved as Bond purchases by the European Central Bank and negative rates have enveloped Italy with an enormous comfort blanket as most investors think there is no chance that the ECB will let Italy go down, because it is the end of the European project if that happens.
As we saw earlier Julie Meyer MBE appears to have forgotten to pay any tax on the Capital Gain she enjoyed when selling First Tuesday 18 years ago. Sadly for her the US tax authorities at the IRS have caught up with the devoutly christian tax avoider but are not demanding all their cash at once because it appears that poor Julie really is flat broke. Thanks to Winnileaks I bring you a filing Julie made to the IRS.
Amazingly, the cash shell that is Standard Listed AIQ (AIQ) – with somewhere around 8-10p per share of cash and nothing else – has again returned from suspension this morning. The shares, having peaked (ahead of the last suspension) at 150p to buy are now in free fall, sitting on a spread (last seen) of 80p (to sell) to 130p (to buy). I have no hesitation in recommending a sell – there is, after all, only 8-10p of value here. What does surprise me is that there has been no official comment whatsoever from the company – or, indeed, anyone else.
Oh dear. Two grovelling letters from tax evading Julie Meyer have come to me via Winnileaks. It seems that her US assets ( 2 flats) are now under lien to the taxman (the IRS) as Julie forgot to pay any Capital Gains Tax on the sale of First Tuesday in 2000. She is now begging for a payment plan.
Hello Share Strikers. In recent weeks, nay months, I’ve advocated buying shares in the big oilers, like Shell (RDSA) and BP (BP.). I was very lucky here. And I still think there’s some way to go, with the price of Brent Crude once again at the top of the tree.
I start with confirmation that Brokerman Dan and I really are doing a Horse Hill to Woodlarks charity walk on 28 July. Are you free and would you like to walk too? If not just give us your cash ( as Dan used to say in different circumstances in the old days). More details here I then comment on the latest year on year newspaper circulation stats (below) - what is happening, why and what it means.
It is just over a month since I updated on my trawl to find big dividends which might be safe in a market environment where I don’t see much upside and plenty downside. Having originally settled on BT (BT.A) at about 225p on a yield of just shy of 7%, I added ITV (ITV) at the last count, paying 143.7p. That puts its dividend at 5.4%, although it went ex-dividend before I bought. Meanwhile I finally succumbed to the attractions (as I saw them) of Centrica (CNA), paying 142.95p ahead if its final dividend. How are things looking?
The People’s Operator (TPOP) is one of a number of AIM companies where you have to wonder whether there is really any point in it continuing to stay in business, other than generating fees for its brokers.
As I head off to Greece later this week it will be to start training at altitude in the Taygetos Mountains. Only kidding. But i have been taking to the gym and starting some modest walks. I really do not want to be shown up too badly on 28 July when Brokerman Dan Levi and I walk from Horse Hill to Woodlarks.
There is no prize but are you "freaking cleverer than God" and able to spot the odd one out? The answer I see has nothing to do with nationality or religion. Post your answers in the comment section below. Our four angels are former Tory leader Iain Duncan Smith, Praise The Lord Julie Meyer, divine actress Jennifer Aniston and shamed ex Sefton boss Jimmyliar Ellerton. Do your worst...
Forgive the late bearcast. Blame it on Greek Hovel business. In today's podcast I look at Folli Follie, shares in which are slumping again as I warned you the other day HERE - tomorrow might be D (for Death) Day. I then take up Andrew Monk on AIQ (AIQ), Petra Diamonds (PDL) and the idea of consolidating brokers and Nomads via M&A. It makes no sense Andrew. Then I look at the GoTech (GOT) shambles - its now a dope play but frankly you must be a dope to own this stock. Then I cover Optibiotix (OPTI) again with a point folks like Cynical Bear have missed. Finally its i3 Energy (I3E). Thanks to those who have sponsored me as I suffer the dual agonies of walking 30 miles and having to listen to Brokerman Dan drone on all day, but 99% of bearcast listeners have not yet donated a tenner. Please do so HERE
With Julie Meyer telling the US taxman, the IRS, that she has just £500 in cash and owing money to three banks, the IRS and HMRC, you might think that her personal situation could not get any worse. Well perhaps it could. I refer you to the administrators preliminary report into the demise of Ariadne Capital Limited below.
I previously covered AIM-listed Victoria Oil and Gas (VOG) with reference to an after-hours warning issued after market close, but during the auction. It looked terrible, but there were mitigating factors which looked to have combined in an unfortunate fashion. This morning Victoria has issued a Q1 trading update. It is not pretty, but I have to take my hat off to the company this morning, for it gives full numbers and investors can make a rational decision.
In the latest trove of Julie Meyer documents emerging at Winnileaks we find a cracking case of another supplier to Ariadne Capital Limited ( now in administration) having to take it to the High Court to get paid. But I wonder was it paid? And was Ariadne's in house lawyer Peter Bradley entirely upfront with the Court. For the avoidance of doubt, Bradley is a good man but I suspect that he is also a "Good German."
As each day goes by we discover yet another institution to whom Julie Meyer MBE owes money. Already we have identified the IRS,HMRC and two banks. Thanks to Winnileaks here, below, is a third, HSBC. One wonder if any of her creditors know about all the others and if that is going to make one especially jumpy and demand immediate repayment rather than accepting a payment plan? that could be awkward. Meanwhile are her various creditors happy that she has retained uber expensive lawyer Julian Pike of Farrar & Co to act for her in a personal as well as a corporate capacity?
Hello, Share Scramblers. It seems to me that more people are adopting cats and dogs. There’s also more interest in more exotic pets. At my vet this week, I spotted a hen and something in a sinister box which the owner seemed afraid of. People are also taking more care of their pets, as many become a substitute for offspring who’ve fled the nest.
Hooray. After this week's doorstepping and podcast special and the work back in Bristol this is a great day. I suspect it is game over and discuss the probable demise of Folli Follie. Never buy a stock on a PE of 1. Elsewhere I look at rumours concerning Nomad Northland, at Echo Energy (ECHO), the fraud MySquar (MYSQ), my letter to Julie Meyer HERE, Sound Energy (SOU), Westminster Group (WSG) - with its revolting chairman ex Tory MP Tony Baldry - and Frontera (FRR) and its latest pre placing ramp. Now come on chaps, if you enjoy bearcast - and I know 1000 of you do every day - please donate £10 NOW to the Woodlarks charity walk - HERE
Another day...another retail stock. 'Tis the (reporting) season I guess. Today's offering is Kingfisher (KGF), which longer-term readers will know I have traded once before over the last year or so, buying sub 3 quid and moving out after a 10%+ gain plus some dividends. Well, as noted most recently here, the share has been kicking around the three quid level today and that interests me. So is my call to trade the DIY and related company again for a double digit plus target gain looking wise or not after today's Q1 update?
A reader says that if I invite Julie Meyer MBE to join myself and Brokerman Dan Levi on our sponsored 30 mile walk for Woodlarks on July 28 he will donate £400, if she turns up he will donate an additional £600. Why not? I am sure that Brokerman Dan would be happy to share some of his past experiences with her and that might prep Ms Meyer for her life going forward. The letter is below. Now how about you all donate a tenner each HERE.
It is now almost two weeks since the regulators at the Maltese FSA (MSFA) suspended the license of Julie Meyer to conduct financial activities including fund management. The word on the street is that the license will be cancelled altogether soon. But it seems that back in London the dozy fuckers round at the FCA still have not caught up and indeed are now derelict in their duty to protect consumers.
Last week Starcom (STAR) was “pleased to announce the launch of the latest iteration of its awarding winning intelligent padlock, the Watchlock Cube… the company has high expectations for the Cube due to its electronic shell being able to fit a variety of C10 padlocks from various manufacturers, its lower price and a far more durable battery life”. And now… “Placing” (surprise, surprise!)…
Back in January, I suggested selling Inspired Entertainment (NASDAQ - INSE) at $7.70 on the basis that a revised £2 maximum stake on Fixed Odds Betting Terminals (FOBTs) from the current £100 would cause serious problems for the company.
Bluebird Merchant Ventures (BMV) has announced further results from underground channel sampling at Kochang on in-situ ore left behind by the original miners – including emphasising “the samples show positive indications of high average gold and silver grades” and “orogenic deposits typically extend over 1 kilometre in depth and Kochang has only been developed to a depth of 150 metres”…
The first thing to note is that the NAV of Paternoster Resources (PRS) was 0.172p per share and that was 94% in cash and listed investments. One of the larger stakes was in I3 Energy (I3E), shares in which have rocketed in recent weeks - almost certainly unjustifiably but that is life. With overheads slashed by the new regime, the NAV could well be heading towards 0.2p per share. The shares are 0.08p-0.1p which makes them a cracking buy ahead of the next NAV statement.
ScotttheScott was almost there but not quite. Yesterday I asked you to suggest which of the four figures below was the odd one out: former Tory leader Iain Duncan Smith, devout Christian Julie Meyer MBE, divine actress Jennifer Aniston and shamed ex Sefton Boss JimmlyLiar Ellerton. I am shocked that Henry Gewanter who, heroically, ensured that MPs expenses were leaked and who used to act for Praise The Lord failed to get the right answer. That answer is:
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