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Sunday 8 December 2019 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


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ShareProphets readers tips for 2019 competition – end November update

Published 8 days ago

Having asked for readers tips for 2019 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is an update on performance as this year’s competition enters its final month (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2019)...

FREE Podcast: ShareProphets Radio Edition EIGHTEEN with Tom Winnifrith: stick another bird on the board to cover up that fraud

Published 15 days ago

There are no guests in this week's show which is sponsored by Open Orphan PLC (ORPH). It is just me and I start with the tale of Lyin' Chris Cleverley, the lying fraudster cousin of Tory Party chairman James. Lyin' Chris runs listed companies and there is no doubt he is a liar and a fraudster so why has the FCA not acted? Then it is onto PureCircle (PURE) a billion dollar fraud, where after six years, myself and Lucian Miers are utterly vindicated. I invite you to read its 2018 annual report and despair at the woke world of best practice in corporate governance. If you like this and can't wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.

Time for General Inaction but still short Sirius Minerals

Published 19 days ago

One of the most important disciplines in this game is knowing when to do nothing and until the UK election is out of the way I think it is wise to stay on the sidelines. My political predictive skills are far from perfect and while Johnson is fortunate to have Corbyn as an opponent and ought to gain an overall majority, which would almost certainly trigger a rally in sterling and the beaten up UK-based companies, I am happy to wait for the result before acting. The gulf between left and right both here and in the US is so huge that the idea that decent companies will prosper whatever the political outcome no longer holds good. As for the short side, as is usual at the tail end of a long bull market, the market is extremely tolerant of frauds and over-promotions which is extremely frustrating for bears...

Formal Request to FRC to investigate PWC, Purecircle and ex CFO Rakesh Sinha

Published 20 days ago

Shares in PureCircle (PURE) remain suspended as it struggles to publish its June 30 2019 accounts. But we are already warned that there will be restatements of 2018 and possibly 2017. But these restatements, which relate to the carrying value of inventory, were repeatedly predicted by ourselves for many years as you can see HERE.  My good friends and keen admirers of my work, The Financial Reporting Council must launch an urgent and full investigation. I have written to the FRC today as you can see below.

Tom Winnifrith Bearcast: I really am going to have to go to the FRC about this one

Published 24 days ago

In today's podcast I look at PureCircle (PURE), the roll call of shame and who should be publicly executed. I also look at Dev Clever (DEV), Tissue Regenix (TRX) and, once again, at Blackmore Bond a mini bond car crash which appears imminent and is another part of what will be one of the biggest financial scandals for years.

Vindication! Vindication! 6 years of warnings from ShareProphets: Now PureCircle “discovers” even more fraud!

Published 24 days ago

We have been warning that Purecircle (PURE), a company once valued at a billion dollars was a disaster waiting to happen for more than six years. The shares were already suspended over the inventory fraud, now other “matters of concern” have emerged and the CEO is stepping aside pro tem.  This company is almost certainly toast. City adbisors named below should hang their heads in shame and return fees, directors should go to jail.

ShareProphets readers tips for 2019 competition – end October update

Published 36 days ago

Having asked for readers tips for 2019 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2019)...

Tom Winnifrith asks: Is lying and fraud now acceptable on the London Market?

Published 39 days ago

You will probably not have heard of BigDish plc (DISH) unless you have read my exposes HERE. It is a small and insignificant Standard Listed tech company. It is really only of interest because of the outrageous behaviour of its CEO.

Tom Winnifrith Bearcast: the great thing about Vox Markets & Proactive is that they are a platform to tell 100% lies to investors

Published 41 days ago

You think that Justin the Clown at Pox Markets and Proactive are there to help you? Think again. He who pays the piper...I reference Bidstack (BIDS) and Big Dish (DISH) in this part of the show. I discuss Dev Clever's  (DEV) "news" today with reference to Cheryl Cole, look at the accounting mess at PureCircle (PURE) and have a few thoughts on the trading statement from Sosandar (SOS) where I am really not tempted to leap back in again. 

ShareProphets readers tips for 2019 competition – end September update

Published 61 days ago

Having asked for readers tips for 2019 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2019)...

The Penny Finally Drops at PureCircle

Published 76 days ago

Back in March, I suggested that PWC might like to brush up on the definition of a “Current Asset” with regard to the huge levels of inventory carried by PureCircle (PURE) relative to its annual sales...

Tom Winnifrith Bearcast: Shame on PWC & Numis, Hat tip Jim Mellon and ouzo for a vindicated Lucian Miers

Published 78 days ago

Jim Mellon says he loves listrening to my podcasts and has sent over a very interesting article following the pulled We Work IPO which I discuss at length. The into PureCircle (PURE) which Lucian has called brilliantly, notably here. Yesterday's shock warning tells us so much about the disgraceful apathy of folks like Numis and PWC when evidence of aggressive accounting was there for all to see over many years. I discuss another company shown to be swmming with no trunks. It will not be the last.

ShareProphets readers tips for 2019 competition – August bank holiday update

Published 105 days ago

Having asked for readers tips for 2019 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is an August bank holiday update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2019)...

ShareProphets readers tips for 2019 competition – end July update

Published 125 days ago

Having asked for readers tips for 2019 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2019)...

ShareProphets readers tips for 2019 competition – end June update

Published 160 days ago

Having asked for readers tips for 2019 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2019)...

Tom Winnifrith Bearcast - Defrauded of £36 by Rentalcar/Europcar and fecking livid

Published 207 days ago

I explain the nature of the fraud and why I am so livid. My anger is compounded by Wrexham Council and its inability to sign roadworks which wasted half an hour of my life. Then I find I agree with David Lenigas on something: can life get any worse? I discuss Argo BlockChain (ARB), PureCircle (PURE), Cabot Energy (VAB), Watchstone (WTG) and Toople (TOOP). Maybe I have a second question for Neil Woodford, will anyone pay £250 for me to ask it? If you are yet to donate to Rogue Bloggers for Woodlarks we are now at £27,000 raised so please chip in HERE.

ShareProphets readers tips for 2019 competition – Early May bank holiday update

Published 217 days ago

Having asked for readers tips for 2019 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is an Early May bank holiday update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2019)...

ShareProphets readers tips for 2019 competition – Easter update

Published 231 days ago

Having asked for readers tips for 2019 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is an Easter update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2019)...

ShareProphets readers tips for 2019 competition – (late) March update

Published 247 days ago

Having asked for readers tips for 2019 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2019)...

PureCircle - Fad Failure and Funny Accounting = SELL

Published 267 days ago

Bears often pigeonhole duff companies as frauds, fads or failures as if they belong in one or other of these distinct categories. The truth is that quite often a fad resorts to fraud when it realises that it is a failure. The most obvious example of this right now is Tesla. But there are others.

ShareProphets readers tips for 2019 competition – end February update

Published 278 days ago

Having asked for readers tips for 2019 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2019)...

ShareProphets readers tips for 2019 competition – end January update

Published 310 days ago

Having asked for readers tips for 2019 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2019)...

Purecircle - ludicrous levels of inventory and sloppy accounting; sell

Published 431 days ago

Purecircle (PURE), the jam-tomorrow sugar substitute shambles about which I have written in the past is a difficult stock to trade. The share price seems to do nothing for ages and then move violently for no obvious reason in a very short space of time. Late in August it lost 25% of its value, from 400p-300p, in three straight trading days. Since then it has rallied to 375p after publishing dire results for the year to June 2018.

Is Purecircle a sugar rush stock?

Published 446 days ago

One of my few vices in life is sugar. I have parlayed this into stock selection via a recommendation on Tate & Lyle (TATE), which I last wrote up HERE. The company held a capital markets day late last week and the one presentation slide that stood out was one which talked about 'sugar replacement is a key market opportunity globally'. Well of course it is. Gluttons like me want to both have our cake and eat it and one way to do this - without becoming significantly obese - is to focus on non conventional sugar options, a market which Tate & Lyle has been active in with its Sucralose product.

PureCircle - sell the rally

Published 1056 days ago

Purecircle (PURE), the purveyor of stevia products (plant based sugar substitutes) warned on January 5th that first half results for the six months to 31 Dec 2016 were likely to crash into a loss from last years $5 million profit.

REVIEWED: ShareProphets writers share tips of the year for 2016

Published 1081 days ago

On the long tack, it is congratulations to Gary Newman with Vedanta Resources (VED, currently +220%) edging out Steve Moore (Avesco Group, +186%)...

Photo Article: PureCircle - doing the stevia taste test

Published 1094 days ago

It may surprise you but I have not had an alcoholic drink all week. I have just been too tired to hit the ouzo which will please my GP greatly. It is skimmed milk for me. But last night as I wandered to the kiosk to buy that milk I noticed something else in the fridge: Green Cola. It turns out this is like Cola light but uses Stevia as its sugar substitute. I do not know if this is Purecircle's (PURE) stevia as there are many folks in this game but I thought it was worth a taste test anyway.

Purecircle. Moving in the Right Direction - DOWN!

Published 1100 days ago

I have never been a fan of Purecircle (PURE), particularly in 2012/13 when its shares rose six-fold from £1 to £6 on hugely overblown dreams of the potential of its plant based sweetener product to replace sugar and cure America of its obesity problem.

Mayair: if it looks like a China Norfolk & walks like a China Norfolk

Published 1202 days ago

Such is the current febrile state of the markets that even China scams are being bid up with gusto. Take Mayair (MAYA), which purports to sell clean air filters in China and floated on AIM in May last year at 130p. Its shares, having gone down in a straight line to 40p (as insider selling outweighed the constant barrage of good news that these companies always come out with) have doubled to 84p in the last month as summer madness takes hold. The company itself was forced yesterday to say there is no reason for the rise. Indeed.

Purecircle gets Curiouser and Curiouser

Published 1233 days ago

Last year Purecircle (PURE) earned $4 million. Since then it has lost its finance director, its chief operating officer, its broker and its auditor. There has also been no shortage of insider selling. Its market capitalization? £555 million. Welcome to the whacky world of Purecircle, purveyors of stevia, a plant-based sugar substitute.

Fusionex What’s Wrong with the Kuala Lumpur Stock Exchange?

Published 1274 days ago

Many years ago, in order to close a short position in Leeds United after it had gone bust, I bought stock for a nominal sum off Leeds City Council, and remember thinking it a little strange that it had invested tax payers hard earned cash in such a dodgy enterprise.

Tom Winnifrith Bearcast - The Times Newspaper, financial journalists are part of the problem not the solution to crooked markets

Published 1284 days ago

I start by analysing a very odd paragraph concerning Aureus Mining (AUE) in the Times Market Report. Then it is onto Boxhill (BOX) which is a zero, Lord Tim Razzall you are "in sights" there is more to come. Then it is onto Armadale (ACP), Purecircle (PURE) and FastJet (FJET), oh Duck & Dive where are you? It's time to say "sorry TW was right, as usual - I am sorry for daring to suggest that his analysis was wrong."

InternetQ Red face but I'll make it up on Avanti, PureCircle and PetroCeltic ALL crashing

Published 1373 days ago

One of the benefits of being a short seller is the joy and happiness that one engenders in others when being sandbagged by a short call that goes wrong. I have closed out my position in InternetQ (INTQ) at a substantial loss,

Purecircle, A Mad Valuation for an Unsuccessful Commodity Play with an Awful Track Record - sell

Published 1407 days ago

Readers may recall that my nap bear for 2014 was Purecircle (PURE), the natural sweetener company, at 610p. It ended the year at 510p and was also my main bear tip for 2015. It finished last year at 410p for a 33% decline in two years. Not bad but nothing spectacular.

REVIEWED: ShareProphets writers share tips of the year for 2015

Published 1445 days ago

On the long tack, it is congratulations to Tom Winnifrith with OptiBiotix Health (OPTI) soaring by more than 300%. Kudos also to Steve Moore (K3 Business Technology, KBT, +62% and Impellam Group, IPEL, +57%), Malcolm Stacey (Zytronic, ZYT, +43%), Chris Bailey (Coca-Cola HBC, CCH, +25%) and last of the double digit gainers Nigel Somerville (Core VCT, +11%). On the other hand, it is commiserations to…

Clueless Office of National Statistics embarrasses itself with AIM estimates

Published 1557 days ago

Yesterday it was the turn of the Office for National Statistics (ONS) to prove how little official bodies understand about the parlous state of AIM. According to its Statistical Bulletin private investors own a mere 30.6% of the companies listed on “the world’s most successful growth market”. This estimate is just plain embarrassing. At the end of July AIM was worth £74.8billion. It isn’t an inconsequential aspect of the economy, which should be ignored. AIM plays an important role in influencing the wealth and pensions of a large segment of the nation. Policy makers should take it far more seriously, but how can they when the ONS trots out such pap?

Zak Mir's Great Request Show: AO World, Green Dragon Gas, PureCircle

Published 1649 days ago

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at AO World (AO), Green Dragon (GDG), PureCircle (PURE).

Lucian Miers share tips for 2015, No 2 – Sell Avanti Communications

Published 1802 days ago

Shares in Avanti (AVN) have managed to head higher in recent months thanks to a rumour that Facebook was about to bid. Now Facebook might just co-operate with Avanti to bring the internet to Bongo Bongo land but that will not earn Avanti a fortune and there is no way that a bid is on the way. So I am very happily short on fundamentals.

Lucian Miers share tips of the year Number 1 – Short Purecircle

Published 1808 days ago

I last wrote about Purecircle (PURE) in March and predicted that 2014 would be the year for the big collapse.  I was wrong: the permascam that is Purecircle has remained rock solid while all around it our favourite bear trades have borne fruit.  Indeed, for the price of Purecircle  (£940 million) you could now buy Quindell. Gulf Keystone Petroleum, and Globo combined and still have change left for Iofina.

Reader Poll Results – which of the Bear Portfolio stocks will crash most by Christmas

Published 1882 days ago

At the weekend we updated the ShareProphets Bear Portfolio compiled by myself, Matt Earl, Lucian Miers and Evil Knievil. So far our average sell is down by 18.2% in just over three months. Better days lie ahead. But which of the ten stocks we expect to slump do readers think will crash most by Christmas. You said:

Reader Poll – which of the 10 stocks in the Bear Portfolio will crash most by Christmas

Published 1883 days ago

So far the bear portfolio of Matt Earl (the Dark Destroyer), Evil Knievil (the fat man), Lucian Miers (the Bard of the Boleyn) and Tom Winnifrith (the Sheriff of AIM) is down by an average of 18.2%. Today one stock leaves the portfolio (New World) having duly collapsed and in its stead goes African Mining (AMI) which will collapse. But which of our 10 shorts do you think will slump most by Christmas. The deadline for voting is midnight tonight as things are moving rapidly with at least one constituent.

The Matt Earl, Evil Knievil, Lucian Miers, Tom Winnifrith Summer Bear Portfolio revisited and updated view

Published 1883 days ago

Back in the summer, July 9, the 4 Bears sat down and compiled our top ten shorts for the summer. There has been one disaster – Concha (CHA) – but despite that an average loss (gain for us) of 18.2% per short is not bad. So where do we stand now?

The Top 10 Shorts for the summer reviewed – Naibu leads the way

Published 1948 days ago

A month ago myself, Evil Knievil, Lucian Miers and Matt Earl (the Dark Destroyer) agreed on a sort of joint top ten UK stocks to short for the summer. Since then the FTSE 100 has fallen by 8%.  As you can see below our average fall is 10.51% so we are doing okay so far. Only two of the ten are up. 

Purecircle: The Last Shoe Yet To Drop?

Published 1962 days ago

In the last two years my seven most covered bear selections have been: Gulf Keystone (GKP), Iofina (IOF), Cupid (CUP), Quindell (QPP), Globo (GBO) Avanti(AVN) and Purecircle (PURE). With the exception of Purecircle, the other six are all firm retail favourites and I often wonder what it is that draws the private punter like a flame-bound moth to such eminently shortable stocks. One can highlight various useful themes but all seem to throw up exceptions – modestly I point oiut these have all bar one (so far) been great short calls by my good self.

The ShareProphets top 10 Stocks to Short – Reader Poll on next to Slump Results

Published 1965 days ago

Two weeks ago Evil Knievil, Matt Earl, Lucian Miers and I served up our top ten stocks to short this summer and why – HERE. Avanti Communications (AVN) has already done the decent thing and issued a profits warning. We asked our readers at the weekend to vote on which of the ten would be next And the results are:

Reader Poll – Which will be the next High Profile share price collapse from the Top 10 Shorts

Published 1968 days ago

Ten days ago, Lucian Miers, Matt Earl (The Dark Destroyer), Evil Knievil and I served up our top ten shorts in London. One of them, Avanti Communications (AVN), has already done the decent thing and

Evil Knievil, Lucian Miers, Matt Earl and Tom Winnifrith – the top 10 stocks in London to short for summer

Published 1978 days ago

Anyone who was at UK Investor 2014 knows that the Bears session (HERE) saw some great calls. And so ahead of a long sweaty summer I asked Evil Knievil, Matt Earl (The Dark Destroyer) and Lucian Miers for their top 5 shorts of the summer and for good measure I add in my own. Between us we have thus compiled the top ten stocks to short in London!

PureCircle - the most obvious short in London

Published 2088 days ago

Investors of all types often fall into trap of the following mistaken logic:  Thing A is going to be huge. Company B is involved in Thing A, therefore the shares of Company B are a buy. Hence with Tanfield (LSE:TAN) – at 15p worth £20 million, a former stock market darling:  Electric vehicles are the thing of the future. Tanfield make electric vehicles. Etc.  I warned recently about Tanfield and note that it admitted last week that its investment in Smiths Electric vehicles is probably worthless.  It happens all the time.  But it’s fun while it lasts. 

Purecircle – new revelations: my nap short for 2014

Published 2160 days ago

Back in November I suggested that the share price of Purecircle (PURE) might be ready to unravel, citing mainly its whopping inventory levels and its inability to generate cash or profits from a story (natural  stevia-based sweeteners) that was beginning to get a bit long in the tooth. Then the shares were 420p. 

The 30 2014 tips of the year – a recap of the second Fifteen published

Published 2163 days ago

We saved the best to last (he said smugly having published his tips last) with our thirty tips of the year from ten different top share tipsters. Once again there should have been something for everyone whether you are a short term trader and speculator or a long term value investor.

Lucian Miers shares to short tips of the year 2014 Number 3 (joint bronze medal) – Cupid, Iofina and Globo

Published 2168 days ago

The share tips of the year for 2014 from HotStockRockets is delayed until tomorrow – instead, the Bard of the Boleyn, infamous short seller Lucian Miers has returned from Scotland and has revealed exclusively to his Nifty Fifty colleague Tom Winnifrith his FIVE tips of the year to short, to sell as he predicts disaster ahead.  Lucian’s joint third tips as a bear are Globo (GBO), Iofina (IOF) and Cupid (CUP).

Lucian Miers shares to short tips of the year 2014 Number 2 – Avanti Communications

Published 2168 days ago

The share tips of the year for 2014 from HotStockRockets is delayed until tomorrow – instead, the Bard of the Boleyn, infamous short seller Lucian Miers has returned from Scotland and has revealed exclusively to his Nifty Fifty colleague Tom Winnifrith his FIVE tips of the year to short, to sell as he predicts disaster ahead. Number 2 is Avanti Communications (AVN) at 253p – a disaster waiting to happen.

Lucian Miers shares to short tips of the year 2014 Number 1 – PureCircle

Published 2168 days ago

The share tips of the year for 2014 from HotStockRockets is delayed until tomorrow – instead, the Bard of the Boleyn, infamous short seller Lucian Miers has returned from Scotland and has revealed exclusively to his Nifty Fifty colleague Tom Winnifrith his FIVE tips of the year to short, to sell as he predicts disaster ahead. Number 1 is Purecircle (PURE).

Purecircle is an accident waiting to happen & Champagne Competition

Published 2374 days ago

I have taken Quindell Portfolio (QPP) off my “accident waiting to happen” list as it is now in the slow motion car crash category after a set of prelims that contained some very strange items, followed by two obfuscatory “clarification” statements.

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