Keyword results: Allied Minds

ALM
ALM
PREMIUM CONTENT

Woodford favourite Allied Minds: some change, but enough?

Neil Woodford thought his investments into Allied Minds (ALM) would do wonders for his reputation…..it is just that the wonders weren’t quite in line with his expectations – they were more in line with ours! Yesterday morning Allied served up the departure of co-CEO Mike Turner as of March next year and the Chairman, Jeff Rohr, the following June. Rats, sinking ship anyone?...

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ALM
ALM

Allied Minds unhappy shareholder rails against executive greed

I suppose Neil Woodford does not care about executive greed at Allied Minds (ALM), people in glass houses, etc, etc. But it seems as if Richard Bernstein of Crystal Amber is not quite such a happy camper and is particularly pissed that the fat cats refuse to discuss it with him. He has now taken to twitter to express his ire as you can see below.

PREMIUM CONTENT

Not such good news for Neil Woodford: Autolus announces $100m fundraise at $24

No doubt Neil Woodford will be delighted that his good friends at Crystal Amber think they can realise the equivalent of 123p a share from Allied Minds (ALM). No matter it is a loss, it will be cash in the bank – much needed – IF Crystal gets control and IF the assets are worth what they think and IF they manage to sell them. Meanwhile, dear old Neil – having yet again spunked more other people’s money on Kier (KIE) which promptly fell to a new low - is now faced with a cash-call from Autolus (Nasdaq: AUTL).  What will he do?

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Brokerman Dan takes a 3% stake and would you Adam & Eve it ( again)?

In today's bearcast I look at Cabot Energy (CAB), Andalas Energy (ADL), Eve Sleep (EVE), Indivior (INDV) and, with Neil Woodford in mind,  Allied Minds (ALM).  To join the roll call of heros go HERE 

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ALM
ALM
PREMIUM CONTENT

Good news for Neil Woodford as Allied Minds falls under the gaze of Crystal Amber

There has been lots of good news for Neil Woodford – aside from the joke listing of Proton Partners on NEX. Last night, AIM-listed investment company Crystal Amber Fund Limited (CRS) announced its monthly NAV and in it we learn that it wants to take over the running of Allied Minds with a view to winding it down. The good news is it thinks it can realise the assets at a big premium to the then current share price. The bad news…..well, the criticisms of the current arrangements are eyewatering. Was Neil really happy with this, and if not, why did he not do something about it?

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Woodford Patient Capital Trust: The Big Short (August update) – Neil Woodford needs a break….and fast

With the end-August portfolio listings coming out yesterday, it is time to update the story and it is not looking any rosier. In fact, quite the reverse. I think matters may be coming to a head here and I reckon Woodford needs a lucky break for once and pretty damn quickly.

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RM2
RM2
PREMIUM CONTENT

RM2 International: Interims as bad as expected, I reckon Woodford is tempted…

Following the poor trading update last week from RM2 International (RM2) that I covered HERE, its interims were issued this morning and are largely as expected but still worth a quick look and it’s time to place your bets as to whether Mr Woodford is going to throw another $17 million in to the pot.

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WPCT: This is going to be a difficult month for Neil Woodford – let’s play I-Spy

I smiled at yesterday’s announcement from Woodford Patient Capital Trust (WPCT) summarising the “summer of milestones” achieved across the portfolio as I imagine that is just buttering up the audience before the bevy of bad news hits. From my point of view, September is going to be a hellish month for Mr Woodford so welcome to ‘I-Spy Woodford’s September Hell’

ALM
ALM
PREMIUM CONTENT

Allied Minds - what's the real reason behind the results delay?

Allied Minds (ALM) was due to release its interims at the end of this week but put out a rather strange statement this morning delaying it until the end of September. I thought it would be helpful to offer up an explanation as the situation is more complex and worrisome that this morning’s five-line announcement might indicate.

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Woodford: Crisis?, what crisis?

One wonders what Neil Woodford has been doing in the face of Cynical Bear’s onslaught against his funds. Reading Cynical’s pieces, it is clear that the Woodford house was edging ever closer to disaster. Now it seems that the effluent is indeed in collision with the air conditioning: we’ve had disasters at Purplebricks (PURP) and Capita  (CPI), and there’s a stockmarket correction (at least we hope that’s all it is) underway. Oh, and we have numbers from the AA on Thursday – hardly the ideal time to take a hatchet to its dividend! So what has Mr Woodford been up to? Well, why change a winning formula!

Collapsing-Reactor

Neil Woodford - now about the yield on the Income Focus Fund

I note that for the first time the NAV of the Woodford Income Focus Fund  (C Accumulation Units) has fallen below the 100p launch and that includes 3 reinvested dividends.

Clown

Three more charts that show the absolute folly of Neil Woodford

As we have seen with the debacles at Provident Financial, Capita and elsewhere, Britain's most conceited fund manager, Neil "Nomates" Woodford likes to bet - other people's money - against the herd. A share price is tanking, the market must be wrong. The bears are adding to their shorts. They must be wrong too. Nomates always knows best, I demonstrated this with a chart looking at Capita (CPI) the other day HERE. Now I offer up three more Woodford dogs...

CPI
CPI

Woodford and Capita – Strike two: a few observations

My conclusion to The Big Short series over Christmas was that although it was a long-term play, Neil Woodford was only a few pieces of “bad luck” away from a speedier, more dramatic implosion. This week’s Capita (CPI) news is the second of those already and we’re only one month in. Further to the excellent pieces on Capita yesterday (HERE and HERE), a few further observations on the wider Woodford story from me.

Woodford’s Income Focus Fund – Just keep digging, Neil, keep digging

I’ve been smiling this week at the comments on Woodford’s website as the moderators are desperately sticking to the party line regardless of what is happening in reality or what Woodford himself is briefing to investors privately. Let me explain in the context of his Income Focus Fund.

Woodford Patient Capital Trust: The Big Short (Bonus Chapter 4) – SHOCKING: The Income Focus Fund has been roped in now!

Er….hi, just me again! This Chapter of “The Big Short” looking at Woodford Patient Capital Trust (WPCT) wasn’t in the original draft manuscript sent to my editor but as something truly astounding was pointed out to me in the comments of my piece yesterday, I thought I’d better add to the opus. Hat tip to Robert Dwek for spotting it.

More problems for Neil "Nomates" Woodford as Kerrisdale savages biggest holding in WPCT

US bear raider Kerrisdale has launched a savage attack on the largest holding in the Woodford Patient Capital Trust (WPCT) the closed end fund managed by Nomates. The nature of the WPCT means that if Kerrisdale is even half right, Nomates is in big trouble.

Bearcast

Tom Winnifrith Bearcast: Blenheim & Allied Minds, why is Neil Woodford backing only 1 of these 2 accidents waiting to happen

In today's bearcast I take a detailed look at Allied Minds (ALM) another Woodford disaster waiting to happen and then at 60% overvalued Blenheim Natural Resources (BNR). I comment on accident prone DX Group (DX.) before asking where's Debbie gone? Yes has the Milestone (MSG) boss been resigned already?

Listen to the Bearcast:
Bearcast

Tom Winnifrith Bearcast - Treating White Van man & the JAM's with Contempt - Chancellor Hammond Sucks

I start with the tale of Concha (CHA) and Ve Interactive from earlier - see HERE. What does that tell us about bubbles, especially in tech. Watch out for similar catastrophes at companies such as Allied Minds (ALM) and FastForward (FFWD). I then move onto the Budget and Chancellor Hammond's betrayal of the self employed which gives a lie to the idea that this Government wants to reach out to those Just About Managing and to those who are prepared to risk all to do what this country needs and become an entrepreneur.

ALM
ALM

Mid-Year Results Are In: Allied Minds remains a Sell

Having queried earlier this week why Allied Minds (ALM) sought to open a credit facility with a US bank, I was looking forward to the release of the company’s half-year report this morning. It’s been a busy period for the company, with new rounds of capital raising and new investments across a range of subsidiaries.

ALM
ALM

Allied Minds Borrowing Funds - Why?

Early-stage bioscience and technology investor Allied Minds (ALM) is scheduled to release interim results on Thursday of this week, but updates the market this morning with a twin RNS release. In a surprise move, it announces that it has secured a $20 million debt facility from a US bank. Why?

Bearcast

Tom Winnifrith Pancake Day Bearcast - talking of flipping: MX Oil

Just a reminder that it is Shrove Tuesday or, as younger folks might say, Pancake Day. Next up I shall be asking what you are giving up for Lent? I shall be giving up expressing my undiluted admiration for Britain's leading chanteuse Ms Cheryl Cole. Back to shares and I discuss what is real asset backing and what is it worth with relation to Allied Minds (ALM) and Cambian (CMBN) and a piss poor trading statement from Tungsten (TUNG). I express some displeasure with MX Oil (MXO), now off any buy list, and then move onto Servision (SEV) which is heading to where Motive TV (MTV) is now - off another 50% at 0.00p 

End 2015 Performance Update: 2015 UK Investor Show bear calls & investor short positions

At the 18th April 2015 UK Investor Show, the top shorts of bears Evil Knievil, Lucian Miers, Matt Earl and Kevin Ashton were announced. As noted HERE, we're monitoring progress of those also having been identified as shorts by significant investment companies...

Bearcast

Tom Winnifrith Bearcast 5 January - Odey gets fingers burned badly on Home Retail - remember the Young Ones?

Apparently when going short of Home Retail (HOME) uber-posh fund manager Crispin Odey made some fairly nasty comments about poor people (aka folks who buy shares in David Lenigas companies). Well he has been burned today and that reminds me of a classic episode of The Young Ones (see below).  I reflect on why shorting is a bad risk reward play and what that means and also on the idiocy of buying by following fund managers. I mention Tungsten (TUNG) and Allied Minds (ALM) in this respect. Elsewhere I ponder Totally (TLY) and the wisdom - in this case - of Wildes and then Greka Drilling (GDL), Evocutis (EVO) and Golden Saint (GSR).

Bearcast

Tom Winnifrith Bearcast 3 January - reviewing the Midas tips of the year 2016

The share tips of the year from Joanne Hart in the Mail on Sunday Midas column are interesting. I look back on the days when I worked with Jo and then review the three tips: Allied Minds (ALM), Elegant Hotels (EHG) and Telford Homes (TEF) which I kind of think are all macro calls as much as company specific ones.

ALM
ALM

Allied Minds shares tanking – bear raider Kerrisdale is on the warpath

Our very own Janos Hipsley flagged Allied Minds (ALM) as a stonking sell at 660p back in May - HERE. The shares are now 451p down 12.7% on the day as US bear raiders Kerrisdale went on the war path.  It has released a pretty damming report.

AVP
AVP

Zak Mir's Great Request Show: Allied Minds, Armstrong Ventures, Savannah Petroleum.

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Allied Minds (ALM), Armstrong Ventures (AVP), Savannah Petroleum (SAVP).

Zak Mir's Great Request Show: Allied Minds, Jimmy Choo, Diageo

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Allied Minds, Jimmy Choo, Diageo.

NOP
NOP

Zak Mir's Great Request Show: Allied Minds, Northern Petroleum, Plethora Solutions

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Allied Minds, Northern Petroleum and Plethora Solutions.

ALM
ALM

Allied Minds still a sell after results - 3 times overvalued

Allied Minds (ALM), as we have discussed previously, is an R&D-focused company with interests in “life sciences and high technology”. In its own words, “Allied Minds' core aim is to focus on early-stage disruptive technologies that it believes have significant upside potential and to realise that potential through supporting commercial development.” There are few instances of companies with almost zero revenue generation entering the FTSE-350, but this is one of them.

ALM
ALM

Allied Minds -a clear short ahead of results

How’s this for a stonking sell? Allied Minds (ALM) is a member of the FTSE-350 index and is capitalised at £1.55 billion. This is rather impressive for a company which in the six months to June 2014 reported revenues of $2.9 million and a loss of $27.2 million.

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