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Latest News

R4E

Reach4Entertainment – related-party deal… but a rare reasonable one? Yes!

Reach4Entertainment (R4E) “is pleased to announce … renewed… media buying agreements with… Miroma… In addition, the media buying agreements have been extended to Agency Press Limited (trading as ‘Sold Out’) and Wake the Bear Limited, in order to drive additional value to the respective agencies and their client bases”

Bearcast
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Tom Winnifrith Bearcast: Another scoop on dissembling POS Bidstack & a strange deal at ValiRx

I am procrastinating ahead of a 24 mile training walk in the Grim North as the wind blows hard and the rain tips it down. As you think of my suffering please please donate now HERE. In consider the 3Xs in light of today's Pathfinder (PFP) scoop. I apologise to Peter Greensmith, he is not the knobhead in the Bidstack (BIDS) affair and indeed not a knobhead at all. I name the real knobheads and have another scoop on the company showing how firms like Optiva make AIM a disorderly market with their slimeball behaviour. Finally I look at yesterday's financing by ValiRx (VAL) which looks like a bad deal in so many ways.

MPH
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Neil Woodford dog Mereo Biopharma completes “value-enhancing” merger...er....

Mereo Biopharma (MPH) is a typical Woodford dog: until a few days ago Neil had just shy of 42% of the equity in this cash-guzzling enterprise, which joined the AIM Casino back in June 2016 with a valuation of £142 million and a lofty share price of 325p, having raised £14.8 million, plus a convertible loan note worth another three million.

GHH

Table of shorted AIM shares - week to 26/04/2019

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

PFP
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Winnileaks expose: Nicola Horlick's Ex, Tim, stands accused of insider dealing in Pathfinder Minerals by ex business partner

Nicola Horlick, the self proclaimed "superwoman,"  is one hell of a self important ghastly stain on the UK financial services industry as we have noted many timec on this website. But her ex husband Tim is a bit of a character too. Thanks to Winnileaks we can now bring you an email from his former business partner Diogo Cavaco which accuses Tim of wholesale insider dealing in the shares of Pathfinder Minerals (PFP) giveing chapter and verse on what went on. When I questionned Tim's share dealings in Pathfinder back in early 2014 I found myself on the receiving end of menacing and threatening emails from Horlick's evil PR man Damian "spawn of Satan" McCrystal. In light of the explosive email below I invite McCrystal to go fuck himself. Natch, I draw no conclusions myself, but have passed the email from Horlick's ex business partner on to AIM Regulation and to the FCA. It reads:

SBRY

Unfounded Brexit Fears Stalemate Shares Unfairly, but There Are Many Other Headwinds Out There

Hello Share Cringers. They tell us that 90% per cent of our worries never materialise. This could be the case with all those Brexit fears. And it seems that the Big City agrees. Because despite all the cynicism, share prices are holding up remarkably well. But there are some headwinds that are now’t to do with Brexit.

Bearcast
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Tom Winnifrith Bearcast: Greensmith dont be such a knobhead when I scoop a placing by your POS client

This website is placing scoop central. For the avoidance of doubt we do not engage in market speculation we report fact. Peter Greensmith you know that to be the case and are being a knobhead for pretending otherwise. Yes this is a bad language special covering Audioboom (BOOM), Bidstack (BIDS) and Westminster Group (WSG). I also cover Inspirit (INSP) and FairFx (FFX) and explain what has been occupying me today: we have two new cats. Finally as I prepare for a 24 mile training walk on Saturday do the decent thing and donate to Rogue Bloggers for Woodlarks HERE

INSP
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Inspirit – finally gets around to confirming our scoop of last week with a load of tosh

AIM-listed POS Inspirit Energy (INSP) has finally woken from its slumbers and confirmed our scoop of over a week ago, that it has vacated its factory. Apparently it is in the process of moving its facility  to Poland. Well it might be in process but it seems to be taking a long time for last week we know that its Sheffield factory had already been vacated and leased to a new tenant. And then there is the strategic review…..

WPCT

Neil Woodford: “the best time to buy UK shares in three decades”, says the man needing to sell a ton of stocks to stay alive!

Neil Woodford is in the press again, this time thanks to Money Observer which quotes from his recent missive to investors where we are told that this is the best time to buy UK shares in three decades. This, from the man who needs to sell a boat-load of shares to keep going!

VANL

Van Elle – “the business continues to make good progress on its transition plan”… does it?

Geotechnical engineering company Van Elle (VANL) has updated commencing, “The business continues to make good progress on its transition plan, announced in January”. The shares have responded higher – but a still sub 50p share price compares to 80p at the start of 2019…

Newsboy
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WPP...RBS...meh?

There are not many corporate names that always seem to report on a Friday but advertising giant WPP (WPP) and financial behemoth Royal Bank of Scotland (RBS) are two of them…

MIN

Minoan – fundraising at a massive premium to recent share price, Buy

Updating on Minoan (MIN) with the shares at 1.9p earlier this month, we noted that, although the track-record suggests to be cautious and there may well be some further equity dilution to come, the potential for the shares to soar on a Crete project deal meant we continued to consider they merited at least a small, speculative position. Now “a proposal which the directors believe will provide the company with sufficient liquidity to service its short term cash obligations and to strengthen its balance sheet… believe… will greatly assist the group in its ongoing discussions and negotiations with third parties

FXPO

Ferrexpro auditor quits – the silence is deafening

The announcement from Ferrexpro (FXPO) today is brief but shocking.

BIDS
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EXPOSE: Bidstack: Placing underway and struggling after nine days

I have suggested in a number of recent bearcasts that Bidstack (BIDS) was the most over-ramped and overvalued stock on the AIM Casino and also that it would have to do a placing within six months to keep the show on the road. A City source has now provided me with more specific information, an offering is already underway but it is struggling.

BOOM
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Audioboom struggling with placing, forced to scale back, dissembles in face of our scoop

Yesterday I revealed that Audioboom (BOOM) was running around trying to raise £8 million at 2.5p HERE. The Company has responded with an RNS "Statement re Online Commentary on proposed fundraising." Oh come on CEO Rob Proctor you free speech denying knobhead, surely you can brinmg yourself to recognise which fine website scooped you and forced the statement. The statement natch dissembles as I shall demonstrate below.

TW

Toppled Taylor Wimpey Shares May Build Back - Once Headwinds Are Put into Perspective

Hello, Share Snatchers. Now might be a good time to buy shares in Taylor Wimpey (TW.). The homebuilder took a big hit this week when it warned that increasing costs of building materials would knock profits in 2019. At one stage the shares were off by 7.6%...

BOOM
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BREAKING EXCLUSIVE: Project Coffee - Audioboom set to place again at 2.5p

The codename for the latest bailout funding of Audioboom (BOOM) is Project Coffee. The presentation, which I have seen, gushes about growth opportunities but that is always the way with this serial deliverer of jam tomorrow. There is no mentioning of burgeoning trade payables. That is always the way with Audioboom and its bailout placings. Anyhow, the company is, according to its jargin filled document "now seeking to raise a ‘growth’ capital round of c£8m at c2.5p per share."  With the stock at 2.3-25p that might be a bit of an ask. Time for an official comment on this ShareProphets scoop methinks...

Bearcast
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Tom Winnifrith Bearcast: The curse of loathsome ex Tory MP Tony Baldry is striking again

In bearcast i raise unanswered questions about Westminster Group (WSG) run by smug lardarse Tony Baldry and ask how soon the next bailout placing will be and at what price. I look again at the most overvalued & over-ramped stock on AIM, Bidstack (BIDS), at BlueJay Mining (JAY) and at AO World (AO) and Purplebricks (PURP) two companies that boost profits by ripping off customers.

ALY
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Laura Ashley – intra-day “Notice of Results & Trading Update”. Not again!...

In 2017 I wrote on homeware and fashion retailer Laura Ashley (ALY); a 1:30pm “Notice of Results & Trading Update”. Routine, right? Er…. At 10:29am today another such announcement…

NSCI
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Neil Woodford Dog NetScientific – CEO walks “to assist….in reducing central costs”

AIM-listed Woodford dog Netscientific (NSCI) has announced the departure of its CEO, Francois Martelet as from 30 April 2019 – just a few day’s time – in order to assist the Company in reducing its central costs and pursue other career opportunities. Well I daresay not having to pay his salary, bonuses and medical insurance will help a little with the company’s forthcoming cashflow difficulties, but if he is departing to help the company why is this all in accordance with the terms of his service agreement?

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ANP

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Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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