Articles by: MR KARMA

EPIC 8PG
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Zafar Karim's mea culpa moment arrives re Eight Peaks Group

Releasing news on the last trading day of the year, particularly late in the day is usually a red flag. None more so than when the party delivering it is serial value decimator Zafar Karim of Eight Peaks Group (8PG)

  • By Mr Karma
  • 2018-12-29 02:52:03
EPIC 8PG
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Eight Peaks Group and the Virtuals stock fugazi rolls on

It did not come as a surprise that last week Eight Peaks Group (8PG) carried out a new placing given that the company was running on fumes as flagged by us only days before. We were surprised however at Karma Towers that boss Zafar Karim managed to convince more punters (err, investors) and, indeed, NED Lord Monson to throw more good money after bad. 

  • By Mr Karma
  • 2018-12-24 01:16:03
EPIC 8PG
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Eight Peaks Group – imminent placing or de-listing?

Last week’s release of half year results from Zafar Karim’s personal plaything (sorry, listed entity) 8 Peaks Group (8PG) provided much amusement here at Karma Towers. Where to start?

  • By Mr Karma
  • 2018-12-09 00:03:08
EPIC 8PG
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Eight Peaks Group – end game plays out

The spoof on the markets that Zafar Karim has played out over the last few years, largely built around a self inflated (ie existing shareholders setting the price in a raise) valuation of VirtualStock is, we suspect, coming to the end game as evidenced by the incessant decline in the stock price on relatively modest volumes this last few months post the name change and consolidation.

  • By Mr Karma
  • 2018-11-29 05:49:17
EPIC JAY
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BlueJay Mining & the looming date with destiny

Yesterday saw yet another decline in the share price of Blue Jay Mining (JAY) and that has continued this morning. This is perhaps the biggest small cap mining promote seen in recent years but reality is starting to dawn on the mug punters as they consider the options the company now has going into 2019 absent an offtake agreement, EIA & SIA approval and the all important Exploitation licence.

  • By Mr Karma
  • 2018-10-04 07:47:40
EPIC
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The issue is not ramping but disclosure

The issue of disclosure of holdings and conflicts of interest by those giving investment advice is currently a live topic in the industry. At heart, writing about a stock and disseminating one’s ideas is, I would posit, for many retail investors who have been pushed even further down the pecking order post Mifid 2 and the lock out on their receiving much research, a welcome activity. Information is what feeds stock prices and what prompts investors to act. Without info everybody including the companies are worse off. 

  • By Mr Karma
  • 2018-08-10 07:25:49
EPIC LCG
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London Capital – a lesson in greed & the failure of the AIM listing system

Friday’s news that London Capital (LCG)) was to move from AIM to the tertiary market that is NEX (and aptly described by Tom as the “lobster pot” although I’d call it “Hotel California market” in that you can “check in but you can’t check out”) was not greeted well by the market. In fact, the stock slumped by near half on the news (although it has to be said this was on nominal actual trading volume). At the closing price on Xmas eve (what a day to put out this news eh?) the market was just over £3 million. Set against net cash and ST receivables of just under £8 million at the end Jun stage and being conservative and adjusting this for say another £1 million of losses has the shares trading at less than half the net cash amount.

  • By Mr Karma
  • 2017-12-28 01:05:19
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