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BREAKING: Gotham City set to issue Burford short dossier this weekend
Welcome to the party Daniel Yu and Gotham City, such valuable allies in our takedown of the Quindell (QPP) fraud.
- By Tom Winnifrith, The Sheriff of AIM |
- 9 August 2019, 18:37 |
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Tom Winnifrith Bearcast: Lucian Miers is a spiv but is Neill Ricketts now a self-confessed insider dealer?
Yesterday I raised issues for Versarien (VRS) HERE which forced a statement today. But that statement itself now begs the question of whether Neill Ricketts is an insider dealer. Another email to the shamed Nomad Bobbie Hilliam (of Quindell infamy) at Canaccord and to AIM Regulation is on the way. I also look at Burford (BUR), Kier (KIE) and Verseon (VERS).
- By Tom Winnifrith, The Sheriff of AIM |
- 9 August 2019, 16:27 |
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On the Beach Group – after we noted less than 2 months ago, ‘Top broker predicts THREE profits warnings, lashes poor quality of City analysis’…
A “Trading Update” from On the Beach Group (OTB), “the UK's leading online retailer for beach holidays”. This following the company reckoning in May “the resilient and flexible nature of our business model allows us to focus on profitable growth and gives us confidence in the group's outlook” but we reporting the following month, with the shares then at 460p, that a Top broker predicts THREE profits warnings, lashes poor quality of City analysis. And now…
- By Steve Moore |
- 9 August 2019, 15:08 |
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EXPLOSIVE: Quindell fraudsters the net tightens – liquidator moving in on Rob Terry henchman Mark Ford
Last week I broke the news of the disappearance from public life of Quindell (QPP) fraudster Rob Terry following a conversation he endured with the Serious Fraud Office. But Terry is not the only Quindell fraudster in the soup, far from it. You may remember Mark Ford…
- By Tom Winnifrith, The Sheriff of AIM |
- 9 August 2019, 14:45 |
Pennant International – further example of H2 weighting dangers… particularly when “susceptible to long, uncertain gestation periods for contract awards and to schedule revisions”!
Previously writing on Pennant International (PEN), in May, with the shares falling below 100p, I noted “potential delay” of a major contract & director spoofing concluding that the director share developments and clear order challenges saw my stance to sell / bargepole. Now a “Pre-Close Trading Update”…
- By Steve Moore |
- 9 August 2019, 12:38 |
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Spin City at G4S
Just one of those days in the crop of larger cap regulatory news disclosures today. I cannot get excited about either William Hill (WMH) or WPP (WPP) but the market appears relatively enamoured, so this brings us to a stock that historically I have loved to hate: G4S (GFS)…
- By Chris Bailey |
- 9 August 2019, 11:20 |
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Paying your bills in shares is never a good sign - Power Metal will need more cash soon
Companies which have undergone several name changes and have never managed to achieve anything in their previous incarnations always raise red flags for me, and I suspect that Power Metal Resources (POW) will follow a similar trend to many others that fall into this category.
- By Gary Newman |
- 9 August 2019, 10:41 |
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Redemptions Watch: Woodford funds still on a downer despite Burford reassurances
Neil Woodford’s funds saw yet more losses yesterday: Income Focus (WIFF) saw losses and redemptions, Equity Income (WEIF) dropped again despite reassurances from AIM-listed Burford (BUR) which had a fair old bounce after the collapse induced by Muddy Waters. Woodford Patient Capital reported yet another loss in NAV. Apart from all that it was a good day….. if you ignore the bad bits.
- By Nigel Somerville |
- 9 August 2019, 09:15 |
TLA Worldwide – “Proposed Sale of Australian Businesses”, shares soar BUT…
Shares in TLA Worldwide (TLA) have soared on an announcement that a “subsidiary… has entered into an agreement to sell… the remainder of the group's sports marketing businesses (the ‘Australian Businesses’) to QMS… the group would become an ‘AIM Rule 15 cash shell’… Net cash proceeds will be used to reduce the amount outstanding under the group's facilities with its bank. The bank has also agreed to waive any outstanding balance of its facilities on receipt of the net cash”…
- By Steve Moore |
- 9 August 2019, 09:15 |
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Xeros sells washing machines business - but when's the placing, Neil?
AIM-listed Xeros (XSG), Neil Woodford’s cash-hungry revolutionary and disruptive washing machine play, has sold the majority of its portfolio of its Hydrofinity US commercial laundry customer portfolio of leased machines to Eastern Laundry Systems and Wash IQ for $109,000 is cash up-front and on-going license fees. The contracts had offered up an adjusted loss (gross loss before exceptional cost of sales items) of $376,000 in 2018 so this is hardly a win – more a case of off-loading a loser.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 9 August 2019, 09:14 |
The Legal has Landed Bigger Profits so its Share Fall becomes a Possible Buying Opportunity.
Hello, Share Speakers. Possibly my favourite Footsie giant is Legal and General (LGEN). After buying the shares just after the biggest financial crash in living memory I have seen a multi-bagger rise, which is unusual for a jumbo. The latest figures from the insurer seem to support my loyalty.
- By Malcolm Stacey |
- 9 August 2019, 09:13 |
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Tom Winnifrith Bearcast - a Neill Ricketts tweet which is pure Rob Terry and must surely be actioned by Nomad Canaccord
The tweet below from Versarien (VRS) boss Neill Ricketts is surely against AIM Rules. I am referring it to nomad Canaccord and AIM Regulation and discuss in a podcast which also covers swimming pool ways, folks who insult me to ask a favour, Burford (BUR) its rebuttal (very strong) but its red flag antics elsewhere and the limp dick behaviour of the deadwood press, notably The Times. I also look at Cabot Energy (CAB) which is surely AIM Casino toast.
- By Tom Winnifrith |
- 8 August 2019, 16:39 |
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Simec Atlantis Energy– More Red Flags than Red Square on May Day!
I have provided input to projects in the UK power sector over the last 30 years, initially in the “dash for gas” in the early 1990’s building gas fired combined cycle plants but in recent years in the “renewable sector” of waste to energy generation. I thought as a change to looking at Oil and Gas companies I would have to detailed look at one active in the renewable sector - Simec Atlantis Energy (SAE) caught my eye. High technical and commercial risk, does not begin to describe my conclusions!
- By Peter Brailey |
- 8 August 2019, 15:46 |
Epwin Group – “in line with market expectations” & “significant strategic progress”… so why are the shares further lower?
Having been heading towards 85p at the start of June, shares in “manufacturer of low maintenance building products, supplying businesses in the Repair, Maintenance and Improvement, new build and social housing sectors” Epwin Group (EPWN) closed yesterday at 72.7p. Today a half-year trading update including “the board anticipates adjusted profit before tax for both H1 and the full year to be in line with market expectations” and “we have made significant strategic progress with new product launches, the continued reshaping of the group's footprint and the acquisition of PVS” – though the shares further lower towards 70p. Hmmm…
- By Steve Moore |
- 8 August 2019, 15:33 |
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FRC asked to investigate Burford Capital and auditors E&Y over 6 years of accounts - formal enquiry needed
As you know the Financial Reporting Council are big admirers of my work most recently thanking me for nailing First Derivates (FDP) HERE but inter alia, commending me for my work in exposing the Quindell (QPP) fraud HERE. As such I have been in touch asking that the FRC open a full investigation into the accounts of Burford (BUR) which, I believe, require a material restatement.
- By Tom Winnifrith, The Sheriff of AIM |
- 8 August 2019, 15:32 |
DeepMatter Group – emphasises DigitalGlassware deal “a key milestone”… so how much is it worth?
DeepMatter Group (DMTR) is “delighted that o2h has progressed from our Pioneer Programme to deploying DigitalGlassware™ across one of its laboratories”. The shares have currently responded to 2.8p – er, approaching 10% lower…
- By Steve Moore |
- 8 August 2019, 12:39 |
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Hargreaves Lansdown talks utter shite in insincere Neil Woodford Mea Culpa
As it announced pretty decent full year numbers, shamed Hargreaves Lansdown (HL.) did its best to pull the sting from the Woodford scandal by announced that CEO Chris Hill would skip his 2019 annual bonus altogether. But with respect the firm talked utter shite…
- By Tom Winnifrith |
- 8 August 2019, 10:38 |
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Same old, same old for good or bad at Aviva, Cineworld and Funding Circle
More earnings season numbers dropped into the hopper this morning, so a quick move through three I have given views and opinions on over recent months…
- By Chris Bailey |
- 8 August 2019, 10:10 |
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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.
- By Nigel Somerville |
- 8 August 2019, 09:28 |