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Latest News

POLY

Polymetal - mining sector shocker: underpromising and overdelivering

Tuesday's update from London-listed, but Russia-focused, gold and silver producer Polymetal (POLY) was unusual in a couple of respects.

Bearcast
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Tom Winnifrith Bearcast: Sorry I made a mistake yesterday

The mistake in yesterday's podcast was on Telit (TCM). In fact it is even worse than I thought! The good news is that sponsorship of the walk I'm doing with Brokerman Dan for Woodlarks has now topped £9,000. I explain here why this walk makes the difference between Woodlarks having to cut services or carry on, please do give a tenner today. This afternoon sees Joshua and I on another training walk, my second in two days. Think of my pain and COUGH UP HERE. In a long bearcast I predict that, after today's shocking news, FastJet (FJET) will be sold for £1 and explain why. I look at Havelock Europa (HVE), 88 Energy (88E), Lyin' Steve Sanderson's UK Oil & Gas (UKOG), Frontera (FRR), Andalas (DOG), Mysquar (FRAUD) and Audioboom (BOOM).

US-Dollar
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Update on Tesla - still a Short

Two months ago at the UK Investor Show, I tipped Tesla (US - TSLA) as my top short for 2018 at $300. The shares are now 11% higher than that having touched $370 in the interim, so my timing has not been great and for that I apologise. Nevertheless, I still believe that, despite it being a crowded trade, and despite the fact that Elon Musk still enjoys unquestioning support from his cult followers, the company faces existential threats which could overwhelm it in short order and it is therefore the right thing to maintain a short position.

FJET
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Crack out the Ouzo at Sheriff of AIM Towers: Fastjet shares crash as potentially terminal cash crises emerges – feck you Citigate

I guess the journalist smearing bastards at Citigate Dewe Rogerson might be about to lose another retainer. Their response to my probing of the financial woes of their poxy client FastJet (FJET) was to threaten and smear me. Fuck you Citigate. Now Fastjet has ‘fessed to just how grim things are. It could be tits up time by the weekend. Crack out the ouzo, let’s celebrate. I shed no tears for a company that stands by the actions of scum like Citigate. And I warned shareholders often enough what financial fate lay in store for FastJet.

WTB
premium content

ITV & Whitbread (Costa coffee still good to go)

A couple of larger cap favs of mine to write about today following new newsflow. I see that the ITV (ITV) COO/CFO has decided to exit into the night and retire. He has been at the company for a decade and no doubt he has made a pretty penny for his efforts. I do not think there is any particular fire here and he will hang around until a successor has been appointed. However my instinct is that there is another story here.

Boom
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EXCLUSIVE: Winnileaks emails shows Julie Meyer taking assets out of Ariadne after administration

Oh dear, poor Andrew Duncan at Administrator Leonard Curtis will not like this latest set of emails to drop into the hands of Winnileaks. Not one bit. Duncan was appointed on 18 December at which point Julie "Lingerie on expenses" Meyer MBE ceased to be a director and lost any say in the running of Ariadne Capital Limited (ACL). This devastating email thread is from January 2018.

PFC

Petrofac Set to Profit from Gushing Demand for Ebony Nectar as Oil Price Stays High

Hello Share Skimmers. I'm a bit tired of mentioning that producing oil companies are under-valued given the comparatively high price of the black and sticky. So let me vary things by bringing in companies which supply the oil industry instead.

Beggar
premium content

Woodlarks total income last year was less than Oxfam's CEO earned - a video on where that little money went

Last year Woodlarks managed to do amazing work despite receiving income of just £126,650. That is less than the disgraced now ex CEO of Oxfam earned (excluding his generous expenses). With that cash it does some amazing work as the video below shows.  Brokerman Dan and I want to increase Woodlarks income by 20% in one go by raising £20,000 (+ gift aid) from sponsors for our 32 mile walk on July 28. We are now 39% there and we thank all who have backed us already. If you have not: Please please watch the video and sponsor us now HERE

PRSM

Blue Prism Group – interims from a self-styled “global leader in Robotic Process Automation”. What sort of numbers then?

“Blue Prism (PRSM), a global leader in Robotic Process Automation, is pleased to announce unaudited interim results for the six months to 30 April 2018”. What sort of numbers is such a self-styled “global leader” delivering then?...

Bearcast
premium content

Tom Winnifrith Bearcast: what is loathsome ex Tory MP Tony "Fatso" Baldry of 3DM infamy really saying?

In this podcast I reflect on how the UK is going to the dogs commenting on South West trains and the award of the Orwell prize to a proven specialist in fake news. George will be laughing in his grave. I cover boardroom shenanigans at Telit (TCM), shameless ramping at Andalas (ADL) which is really worth 0p, Frontera (FRR), D day looms, Westminster Group (WSG) and the ambiguity of loathsome ex Tory MP Tony "Fatso" Baldry of 3DM infamy, Rossylyn Data (RDT), Dillstone (DSG), Cluff Natural Resources (CLNR) and its pomopus arse of a founder and Optibiotix (OPTI). now I see that evil PR spinner and crony capitalist Reg Hoare has donated to Woodlarks in support of the my sponsored walk with Brokerman Dan. we are now just £31 short of £9,000 and 45% of our target - go on, do the decent thing and chip in HERE

Boom
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EXPLOSIVE: Winnileaks strikes again – email evidence of Julie Meyer defrauding TWO sets of investors

Another email from Julie “Lingerie on expenses” Meyer has arrived at Winnileaks and shows unequivocal evidence that she has been engaged in fraud. This is from August 2017.

PURP
premium content

Purplebricks says that it doesn’t bully Aussie staff as agents continue to quit

Amid reports that Purplebricks (PURP) in Australia is suffering large scale staff losses as sales collapse and thus commissions dry up – true commissery – the company now faces allegations of bullying and that that it has created a “toxic” work environment.  The AFR reports today:

DSG

Dillistone – from “increasingly confident… will be transformational” to “disappointing” in less than 7 months

After June 2017 profit warning woe, a “GatedTalent demand surpasses expectations” announcement in December and “GatedTalent signs 100th client contract” announcement in February helped shares in Dillistone Group (DSG) go on to exceed 100p. There’s now an AGM trading update…

Highwayman

Oi Julie Meyer, does the Ariadne administrator know you are using his property? He does now!

When you are wanted by the rozzers in Malta on criminal charges,, being pursued by a range of banks and others over unpaid debts, being investigated by the FCA, MFSA, SFO, Action Fraud, IRS, HMRC and others, does theft of property from an administrator really matter? Well, clearly not for Julie “lingerie on expenses” Meyer MBE.

RDT

Rosslyn Data: profits warning x2, cash crunch, misleading RNS's, wrecked balance sheet – what is not to like?

Oh for the days when Rosslyn Data was run by that colourful chap who seemed embarrassed about his career in pornography. These days a boring bean counter is at the helm but the company is still a dog serving up a double profits warning topped with a meagre dose of jam tomorrow today. The balance sheet is a total wreck and surely another bailout placing is needed.

Clown

Julie Meyer seems to think it is Ariadne that is the toxic name and rebrands, Julie you are wrong

I note that Julie Meyer is still keen to tout herself as a guest speaker as you can see below. But she now appears keen to distance herself from the Ariadne name, something she has been pushing for a decade and a half. Does she think Ariadne has toxic associations? She now links herself to her private company Viva Capital - the one that has not filed accounts for 2016, 17 and 18 and whose last accounts were clearly bogus but showed cash of nil.  Whatever...

AFRI
premium content

Afriag moves into medicinal cannabis: has the board been on it already?

Welcome to the strange and wonderful world of NEX-listed (and ex-AIM) Afriag (AFRI). Last night at no-one-is-watching o’clock (5.37pm) a very strange missive emanated from the company, which seems to have left a funny smell lingering in its wake. What’ve they been smoking?

PTSG

Sprinkler Firm Set to Grow Strongly on Safety Concerns

Hello Share Coolers. Here's an interesting one for you. Even if the background is the appalling tragedy at Grenfell Tower. There was another tower block fire at Lewisham. But this time with a far, far happier outcome. This time 280 people were brought out unharmed.

KOOV

Koovs – it’s cash rather than social media reach which is currently critically important!

Seller of “affordable western fashion in India online”, Koovs (KOOV) has followed an announcement last week of “partners with Bollywood icon Taapsee Pannu” with “GQ Best Dressed Kunal Rawal Joins Rush For Koovs”. Hmmm, ramptastic?...

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