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A Two VITAL questions Letter to Amber Rudd MP about the stolen £65,000 & London & Capital Finance
The scandal about the £240 million London & Capital Finance ponzi, which we have done so much to expose here, grows by the day. The real scandal is that it is just the tip of the mini-bond iceberg and those politicians such as Nicky Morgan on the LCF case should now, as a matter of urgency, be looking at other schemes that are still taking in money such as the West Ham promoted one we exposed HERE. But back to LCF and Amber Rudd.
- By Tom Winnifrith |
- 4 April 2019, 02:18 |
I'm with the Big Oilers as that Lucky Old Crude Price Keeps Rolling on
Hello, Share Cringers. Have you noticed how the price of crude oil is creeping up? In the distant past, I think I recall, it was higher than $140 a barrel. Then it dipped to around $30 in 2016 on glut fears. It managed to rally above $80 a barrel in September last year, before toppling again to around $46 - and now it’s hauled back up to $70. Recently though, the share prices of the oil giants have not improved enormously...
- By Malcolm Stacey |
- 4 April 2019, 01:16 |
March performance update: start of 2019 top shorted London-listed shares
Early this year we showed the top shorted London-listed shares at the start of 2019. How's the performance following March? (those in bold remain from 2018)...
- By Steve Moore |
- 3 April 2019, 08:55 |
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Argo Blockchain – Sack the board EGM called, very odd events... but a buy
Argo Blockchain (ARB) has announced that it has received a shareholder requisition notice from Lynchwood Nominees Limited, which owns 14% of the company's voting capital, to convene a general meeting at which resolutions would be proposed to remove Jonathan Bixby and Mike Edwards (and any other director appointed on or after 15 March) as directors of the company and to appoint an as-yet unidentified person to the board as a director. The board understands that First Investments Holding Limited is the beneficial owner of the shares held and referred to by Lynchwood...
- By HotStockRockets |
- 3 April 2019, 07:45 |
Lighthouse Group – recommended cash offer, “an attractive premium”?
Chairman of financial advisory group Lighthouse (LGT), Richard Last, emphasises a recommended offer from Quilter plc (QLT) “provides Lighthouse shareholders with the opportunity to realise their investment in full and in cash at an attractive premium to the levels at which the share price has traded in recent months”…
- By Steve Moore |
- 3 April 2019, 07:08 |
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Tom Winnifrith Bearcast: taking apart the Audioboom trading statement
I start with a question for wretched PM Theresa May - which of your assessment's of Jeremy Corbyn was correct? I then look at the strange events at Brave Bison (BBSN), take aprt Audioboom's (BOOM) joke trading statement, look at Jersey Oil & Gas (JOG), Management Resource Solutions (MRS) and, finally, thirsty Paul Scott favourite TrakM8 (TRAK). Now how about you all follow the good Craig and donate a "one-er" HERE
- By Tom Winnifrith |
- 3 April 2019, 04:48 |
Photo-Me – having had a reliance on a swift about-turn from “large order lags”, surprise, surprise…
In December I again cautioned on instant-service vending equipment provider Photo-Me International (PHTM), noting a reliance on a swift about-turn from “large order lags” in the current macro climate as the shares headed below 100p. Now, with the company’s year ending this month, a trading update…
- By Steve Moore |
- 3 April 2019, 04:10 |
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And here is another mini bond lender the FCA should be checking up on Future Renewables Eco Plc
London & Capital Finance, which we have done so much to expose here, is just the tip of what will prove to be an enormous mis-selling scandal where, naturally, the overpaid poltroons at the FCA have been 100% asleep at the wheel. Yesterday I raised massive questions about the West Ham promoted Basset & Gold scheme, today let’s look at Future Renewables Eco PLC…
- By Tom Winnifrith |
- 3 April 2019, 03:43 |
Kier shares in freefall again as the man who knows best is STILL buying
Neil Woodford is nothing if not brave – but I suppose given his crashing equity income fund, bravery is about the last option open. This morning it was announced that he has again been topping up his holding in Kier Group (KIE). Meanwhile the shares have now fallen below the low-water mark out in during the rights issue fiasco. So is it brave, or is it a Hail Mary shot?
- By Nigel Somerville |
- 3 April 2019, 03:30 |
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The Curse of the Sheriff of AIM strikes again: Atlantic Carbon/ Daniel Stewart RTO and listing pulled
When running Daniel Stewart (DAN) for the benefit of himself and his family, Peter Shea sent me a lawyers letter trying to stop me exposing what a crock of shit his company was, as it snuggled up to King fraudster Rob Terry. Better still his brother, also a Daniel Stewart employee as were four other family members, threatened to beat me up. So I doorstepped the Daniel Stewart Christmas Party - the brother hid inside the building. Congratulations Mr Shea & your vile family, you have met the Sheriff of AIM.
- By Tom Winnifrith, The Sheriff of AIM |
- 3 April 2019, 03:09 |
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Tern – so much for enough cash to year-end: placing at just 8.5p and an excuse that just doesn’t wash
AIM-listed jam-tomorrow investment company Tern plc (TERN) has announced a placing to raise £1.5 million (gross) at just 8.5p. Of course, this was predicted HERE just a couple of weeks back – so much for being funded to FY19, and the excuses just don’t wash.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 3 April 2019, 02:30 |
The Man at the Global Group UK Investor Show Encourages Me to Stick with Avacta
Hello Share Turners. There were loads of small companies hoping to attract your attention at the legendary Global Group UK Investor Show at the weekend. And it’s likely they wouldn't expose themselves to your criticism if they were not confident in their future. One of a phalanx of medical pioneers which takes a stand every year is Avacta (AVCT)...
- By Malcolm Stacey |
- 3 April 2019, 01:06 |
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Tom Winnifrith Bearcast: my daily chat with my friend the IRA man
Anyone who follows me on twitter knows my feelings about the vermin of the IRA but I have a daily chat these days with my pal the IRA man about Brexit. I discuss its effect on shares and suggest that a far bigger political threat is really not priced in. I explain why I know Yourgene (YGEN) is having a trading statement on Monday and what makes good journalism. I look in detail at Mobile Streams (MOS), insolvency law and the nature of trade receivables and at Gear4Music (G4M) and its latest warning which is enough to turn a man to drink, the shares remain a stonking sell. Finally. get your wallets out!
- By Tom Winnifrith |
- 2 April 2019, 09:12 |
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Intercede – large US Federal Government order… but a 60%+ share price rise?
An announcement from Intercede Group (IGP) commencing that “Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to announce that a large US Federal Government order totaling $4.3m was received” – and the shares have currently responded to 27p, more than 60% higher!...
- By Steve Moore |
- 2 April 2019, 08:54 |
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After London & Capital Finance, another mini-bond I'm nervous about - promoted by West Ham
After the collapse of the London & Capital Finance ponzi, I wonder about some of the other high yield mini bonds being pushed to investors. And thus my attention is drawn to Basset & Gold PLC whose products are being promoted by my beloved West Ham United and some of its players.
- By Tom Winnifrith |
- 2 April 2019, 07:16 |
Podcast: Dominic Frisby: Bullish on Gold When It Breaks 1360
I accuse Dom Frisby of using a very old photo on this occassion. How do you plead Frizzers? This podcast with the great libertarian and gold guru is nothing if not wide-ranging.
- By Tom Winnifrith |
- 2 April 2019, 04:18 |
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Bonmarche – cash offer, so was I wrong?...
Last month I concluded on women's clothing and accessories retailer Bonmarche (BON) that its bank facility “expected to be sufficient to meet liquidity requirements” in conjunction with the noted severe trading deterioration in just a matter of months continues to make this uninvestable to me. Avoid / sell. Today a cash offer for the company from Edinburgh Woollen Mill owner Philip Day (via Spectre Holdings Limited). So was I wrong?...
- By Steve Moore |
- 2 April 2019, 04:05 |
8 days is a long time in the history of Pantheon Resources...oh dear, oh dear
Eight days ago Pantheon Resources (PANR) issed an RNS proclaiming a "successful flow test" of the Alkaid well. Its shares zoomed. Today we have an "update." Oh dear. Oh dear. Oh dear. The shares have slumped by 27% to 20.5p and I suspect that initial reaction is way too generous.
- By Tom Winnifrith |
- 2 April 2019, 03:32 |
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Workspace's CEO exits...just as you should be doing with the stock
I hope many of you enjoyed the UK Investor Show last Saturday. Some of you may even have seen my interview with commercial property investor Nick Leslau where we batted around some of the key issues impacting the sector as well as the retail space and related matters such as Brexit. Nick's steer to private investors listening was very clear: be very careful in the space. I was thinking about some of his comments when I saw today's announcement from Workspace (WKP), which I have written about a couple of times before (most recently HERE)…
- By Chris Bailey |
- 2 April 2019, 03:30 |
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Update on Versarien and its shocking new American Appointment
Since I last wrote about Versarien (VRS) in November last year the stock had fallen around 20% until yesterday when it ripped 20p on news that it had completed the US-based Graphene Council’s “Verified graphene producer” programme. This gives it a market cap of £187 million. That is a lot of hope value for an enterprise that seems to do little more than announce vague MOUs with various named, and more often unnamed, entities...
- By Lucian Miers |
- 2 April 2019, 02:25 |