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Collapsing-Reactor
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Redemptions Watch: disaster strikes Neil Woodford (yet again) as Neil fails to do his homework - he should have listened to me!

Oh dear, oh dear, oh dear. So the Muddy Waters report was indeed about AIM-listed Burford Capital which duly crashed by 46% yesterday, to add to the 19% drop on Tuesday, and Neil Woodford’s second biggest stock pick is…er….no longer his second biggest investment. I rather doubt it is in his top ten now. The press, as predicted, has been baying for blood and the queues of gated Woodford Equity Income Fund investors looking to get their money back before any more of it just disappears into thin air will be lengthening. So let’s take a look at the effect of the Burford collapse on the Woodford empire.

BUR
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BREAKING: Burford’s Aussie Peer IMF Bentham slates the accounts of its British Rival

Burford Capital  (BUR) may claim that the Muddy Waters research report is hogwash. I disagree and regard it as a damning indictment which makes the shares univestable. Now senior figures in the industry are speaking out and they too slate Burford.

FDBK

Feedback plc – “working on completing a placing… in order to develop Bleepa”. It mean ‘in order to keep the lights on’?

“Statement re Online Commentary” from Feedback plc (FDBK) which “confirms that, in order to develop BleepaTM, the company's clinical messaging product, it is currently working on completing a placing of new shares”

WATR

Water, Water Everywhere and this Intelligent Outfit Drinks in Higher Profits

Hello Share Chasers. Never let it be said that I’m not topical in my observations. And during a hot summer, our minds turn to water and its conservation. Not so long ago I suggested you look at Water Intelligence (WATR)...

BUR
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Nervous Neil Woodford in a pickle over Burford, but Tom Winnifrith gets plaudits of Muddy Waters

Burford Capital has responded briefly to the damning report on it by Muddy Waters (aka Carson Block) by saying it will get back to us. Ho-hum – I don’t suppose that is quite what Nervous Neil Woodford wanted to hear as his second largest investment crashes by 63%, to add to yesterday’s 19% drop. His nails must be chewed to the bone – if he’s got any fingers left from catching all those falling knives. And as if things could not get any worse…..

Bearcast
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Tom Winnifrith Bearcast: Burford became uninvestable with a deranged RNS at 7 AM, Neill Ricketts is bonkers & Neil Woodford is finished

Once again this website stands 100% vindicated in l'affaire Burford (BUR) where our coverage for months has been ahead of the game. Natch the deadwood press will ignore all of that as well as our brave call of yesterday. I look at Burford, its insane reaction, which was a red flag in itself, and then the equally insane reaction of Neill Ricketts of Versarien (VRS) and where this all leaves disgraced Neil Woodford...

SAG

Science Group hits out following update announcement from Frontier Smart Technologies earlier...

Writing earlier, I concluded given the noted situation it is not surprising that Science Group (SAG) has requisitioned an EGM of Frontier Smart Technologies (FST) – and following the latter’s update announcement, Science Group (SAG) has now hit out in response…

INSP
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Inspirit – anything to tell us?

SVS, which is now in special administration, was the sole broker to AIM-listed Inspirit (INSP) so it is now operating without a broker – contrary to AIM Rule 1, which technically means it should be suspended forthwith. You might think that a little harsh, since there is no way Inspirit could have known its broker would have the lights turned out for it by the FCA all of a sudden. I daresay AIM Regulation is allowing a grace period for former SVS clients to sign up with another spivvy bottom-end of AIM broker. Inspirit announced on Monday that it would make a further announcement in due course, noting the demise of its (now former) broker. But here is the thing...

FST

Frontier Smart Technologies – trading “in line” following “agreed transition of the board”, so why the share price decline?

Frontier Smart Technologies (FST) has updated including “trading in the first half of 2019 was in line with the revised expectations… Trading to date in the second half is also in line with expectations” and on “ongoing discussions with Science Group plc” following “as per the joint announcement of 30 July 2019 entitled 'Board Changes', Frontier was pleased to announce an agreed transition of the board, in conjunction with Science Group”. But the shares currently more than 10% lower, below 30p?!...

BUR
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Video: Carson Block of Muddy Waters explains how Burford cooks its books

The report on Neil Woodford's second biggest holding, AIM Casino cdarling Burford (BUR) from Muddy Waters is - as you can see here - damning. Now here is a video where Carson Block explains the accounting tomfoolery that is at play. Enjoy.

UKOG
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UK Oil & Gas buys another 35% of Horse Hill – do the maths morons

Folks like Lyin’ Steve Sanderson the boss of AIM casino listed UK Oil & Gas (UKOG) and his shrinking band of chat-room cultist supporters still dream that Horse Hill will really turn out to be a Gatwick Gusher, not just another small scale UK onshore play. Today they should be doing some basic maths as UK has increased its stake in the asset from 50.6% to 85.6%.

BUR
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Burford Capital is an "accounting fiasco" - Muddy Waters publishes damning report

We warned our readers yesterday that Muddy Waters was on the case. In fact we've been warning about Burford (BUR) for months on this website. The company responded with a pathetic RNS this morning which caused the shares to spike. Now they are tumbling as the Carson Block report is out and its damning. Carson opines:

TCG
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Thomas Cook – doing the Fandango

I wrote recently that, as a bear, one should not worry too much about big names appearing on the share register of a company of which one is short and have noticed that when a company is on the verge of failing, it is often the case that some bright spark decides to have a go and hoover up some equity…

MYSL
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Who is crazy enough to be buying MySale after such a big spike - sell

When the share price of a small company suddenly rises by more than 240% on no apparent news I am always left wondering who on earth is actually buying after such a huge rise. Often those who are end up getting severely stung, especially when the company itself issues a statement saying that it notes the share price rise and clarifies the current situation and that there is no current reason for it, and that is exactly what seems to be playing out with MySale Group (MYSL)...

BHRD

Be Heard Group – “confident” & adviser change “timely and appropriate”, Really?...

Digital marketing group Be Heard (BHRD) is “pleased to announce that our unaudited first half results are in line with management's expectations and that we remain confident for the remainder to the year… and… the appointment of Cairn Financial Advisers as Nominated Adviser. Additionally, the group confirms Dowgate as sole broker to the company”

Collapsing-Reactor
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Redemptions Watch – Nervous Neil awaits Burford news while Income Focus suffers again as redemptions strengthen

This morning’s data from Morningstar is bad news for Neil Woodford, but perhaps not as bad as THIS if it turns out to refer to Burford Capital which is his second biggest holding in the gated Equity Income Fund (WEIF) – we shall find out at 8am. Yesterday saw his Income Focus Fund (WIFF) lose 0.4% in NAV per unit and WEIF dropped 0.54%.

IHG

Hotels Which Remind Us of Bing Crosby and Fred Astaire Could Be Dancing to Success

Hello Share Pushers. The hotel game is a funny old business for share shifters like us. The sector rarely seems to act in unison. Where one chain does well, another doesn’t. And it’s hard to fathom the reasons. Except that you’ll have noticed that some pubs are full whereas the one down the road is empty. For some subconscious causes, one pub becomes trendy and its nearest rival does not. Same with hotels, I fancy...

Tom
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FREE Podcast: ShareProphets Radio Edition THREE with Tom Winnifrith (AIM mega joke valuation Versarien special)

In this third edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss the political threats to the UK stockmarket, interview the UK's best known chartist Zak Mir and then discuss all things Versarien (VRS), the most overpromoted stock on AIM,  with bear raider Lucian Miers. Enjoy. If you like this and can't wait seven days for more of the same you should listen to my Bearcast every day.

IQE
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IQE – In the dock as the Equities First scandal re-emerges with an incomplete and therefore misleading statement

We have not heard from Equities First Holdings (EFH) for a while, but regular ShareProphets readers may remember the scandal which emerged five years ago whereby directors of AIM companies announced they were buying shares when, if fact, they were selling vast numbers of them to EFH with the right, but not the obligation, to buy them back. Such fine enterprises as Rob Terry fraud Quindell (QPP – now Watchstone), Igas (IGAS, under Andrew “piggy” Austin), Cloudbuy (CBUY), Angle (AGL), Optimal Payments (OPP) and, of course, IQE (IQE) were all dragged in. Well now Drew Nelson, CEO of IQE has done another deal with EFH – and the announcement stinks. Has the company learned nothing from last time, when all of the above companies had to restate and restate again?

BUR
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Muddy Waters set to destroy London company at 8 AM Wednesday - is it Burford?

Legendary bear raider Carson Block, aka Muddy Waters Research, is set to publish a bombshell dossier tomorrow at 8 AM GMT. Given the tweet below there is fevered speculation that it is a London listed company and speculation is centring on Neil Woodford dog Burford (BUR) shares in which are off by 15% as I write. Two things to note:

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