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Even a few of our detractors have now come around
I guess if you want to go on a train today, then thanks to the striking unions you will be at the very least horribly delayed. How 1970s! Still, at least the interweb exists nowadays. I have shared my cautious views on Trainline (TRN) a few times already and it is not a surprise at all that its shares are down 10% today as I write. It still remains a clear avoid for me…and such a negative view may also be taken by its CFO, as the company announced that “Shaun McCabe, Chief Financial Officer, has informed the Board that after 6 years with the Company he has decided to step down, effective 15th September 2022, in order to assume the role of CFO at boohoo group plc" (BOO). Out of the frying pan and into the fire! No doubt more money is involved but - I would agree Shaun - that in a choice between the two, boohoo is more likely to positively surprise over the next two or three years. Anyhow today I wanted to really turn to drink…or in this specific case Naked Wines (WINE)...
I see that shares in AIM-listed online purveyor of ladies wear Sosandar (SOS) have dropped – down by 0.5p today, to 20p and down from 22p at the start of play yesterday. But there has been no news, so why the shedding of around 10% of its value? The answer is, of course, news from rivals Asos (ASC) and Boohoo (BOO).
I describe Thursday morning for me and Jaya, including a stop-in with my parents-in-law. This is relevant, as I discuss what my mother-in-law was watching on TV. I look at the house price bubble, the Bank of England, and interest rates. Then, I touch on THG (THG); ASOS (ASC); Sosandar (SOS); Zephyr Energy (ZPHR) - get your wallet out, Cliff; Wildcat Petroleum (WCAT); Kinovo (KINO); and Boohoo (BOO). I also discuss the notion that MusicMagpie (MMAG) has a list of "spiffing institutional inveestors", and that this will save the company. It won't.
I may have told you the story before that I thought I was so smart when I doubled my money in the then As Seen On Screen (and now ASOS) (ASC) shares the thick end of a couple of decades ago…but I sold way too early. However it is better to make money than not…as any ASOS investors over the last five years know, with the stock down a mere 80% since 2017. And as any trendy 15-30 year olds will tell you, there have been plenty of fashion brand changes over recent years way beyond whether clothes should be bought online or not. And on this front, onto today’s noteworthy two updates…
I start on BP (BP.) and the crap talked about record profits, its actuall losses and a windfall tax. Then I look at the Love Hemp (LIFE) scandal and who should go to jail.Then at madness at Vast Resources (VAST) and McColls (MCLS) and at why I cannot recommend a purchase in Minoan (MIN) and have not for a long time but will not stick the knife into a man who helped save my life. I look at why some Open Orphan (ORPH) shareholders should sue iii.co.uk. Finally I have a look at Boohoo (BOO). PS I will mention my new share purchases tomorrow if I can sort out a bit of paperwork. And PPS Thanks to the new donors to Rogue Bloggers for Woodlarks.we are now at 11% of target ( £5,582) but still98% of listeners have yet to donate. I am sure you can afford a fiver or a tenner, please give now HERE.
I am sure many of you have shopped at a Next (NXT) store, from one of its catalogues or online over the years. Next may not be super-fashionable or super-cheap but it is super solid, hence why over the last five years the shares have not embarrassed themselves like M&S (MKS), boohoo (BOO) or Debenhams have. But I need to have a think about Next shares because since I last wrote about the company in early January the stock is down over 20%. So whilst I did title my article ten weeks ago “Good job Next, but your positive Christmas trading is factored in”, is the share price now cheap?
Online fashion retailer Boohoo (BOO) has performed terribly for anyone who has been invested over the past year or so and has seen its share price drop by around 75% during that time.
My friend Mahmud Kamani really has been a naughty, boy. The sexist old beast tried to run the advert below for Boohoo (BOO) but the Advertising Standards Authority has banned it for being sexist and objectifying women. Truly shocking. I am sure that all the free publicity Mahmud is getting will really piss him off. Not.
A week into January and I see that the weekend press has plenty of stories about the European Central Bank executive who ‘warns green energy push will drive inflation higher’, as well as the UK’s former vaccines minister who said it would be ‘helpful’ to cut the self-isolation period to five days. Otherwise there is the apparent hassle of the wealth of the top 1% is 230 times higher than the poorest 10%. Such analytical excitement (not).
In today’s podcast, I discuss Christmas cheeses past and present, Bluebird Merchant Ventures (BMV), Guild E-Sports (GILD), Boohoo (BOO), Ince Group (INCE) Supply@ME Capital (SYME) and Eurasia Mining (EUA).
A week (and a bit) before Christmas and all is not well. Certainly it is nothing to do with immediate prospects for the FTSE 100 judging by today’s move, nor with the Bank of England which should have already previously raised interest rates in my opinion or even that Britain hit a record 78,000 Covid cases yesterday. Rather it is to do with the online fashion retailer boohoo (BOO), which fortunately I don’t own (but from which I am certain that at least one of my daughters has purchased something this year).
Early this year we showed the Shorted AIM shares at the start of 2021. How’s the performance (those in bold remain from 2020) as at the end of October?…
Late last month I observed that boohoo (BOO) was uninteresting to me, but I was going to have a look at shares in ASOS (ASC) which was due to give a big update this Thursday…but it has come out early. I bet you cannot guess why!
Early this year we showed the Shorted AIM shares at the start of 2021. How’s the performance (those in bold remain from 2020) as at the end of September?…
It is no surprise that I have never personally purchased anything from boohoo (BOO) but I have certainly followed the stock in close detail. Today’s numbers for the six months to the end of August have their good points and their less good points…but more on why the shares are down over 10% today and over 30% year-to-date later.
Early this year we showed the Shorted AIM shares at the start of 2021. How’s the performance (those in bold remain from 2020) as at the end of July?…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last month…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
Back in mid-January, here, concluded that the online fashion company ASOD (ASC) was strikingly worried about how its sales growth couple be impacted by consumers shifting back to buying in stores again post lockdown. And when the rumours started a week or so ago that it ‘confirms that it is in exclusive discussions with the Administrators of Arcadia over the acquisition of the Topshop, Topman, Miss Selfridge and HIIT brands’, I thought it would be buying both product and store angles. Well I was wrong.
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
Only kidding Mahmud my friend, but here is a Dog’s Arse for you which arrived in Wales today. In the podcast, I look at ASOS (ASC), Boohoo (BOO), Remote Monitored Systems (RMS), Ridgecrest (RDGC), MyHealthChecked (MHC), Nightcap (NGHT), the green madness of Joe Biden and a stat showing how he will screw female athletes, and Asiamet (ARS).
Earlier in the month, I talked about online clothing company ASOS (ASC) here with the opinion that the smart view was to take some profits on the prevailing £52+ share price. After all, the valuation was high and the company admitted it was worried about some shift back later this year to peers with online and actual stores. There is, perhaps, a solution.
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019, 2020 and thus far in 2021 (by net short position %, those in bold not on the list at the start of 2021) – and if this position has increased (red), reduced (green) or remained unchanged (black) since our previous such update (see HERE)…
We review monthly the performance of the shorted AIM shares as at the start of each year. For 2020 the final review is HERE and, from the FCA’s spreadsheet of short positions required to be disclosed to it, we now have the shorted AIM shares as at the start of 2021 (on the same basis as our weekly table of shorted AIM shares, though here those in bold remain from 2020)…
We still have three days left in 2020, so Tom may pull out a spectacular Bearcast that disrupts this list. Barring that, these are the fifty Bearcasts that delighted and infuriated ShareProphets members the most. You free riders have no idea what you are missing out on
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
It appears that Arcadia, owner of TopShop, Burtons and Dorothy Perkins is unable to tap an additional £30 million banking lifeline and so is likely to go into administration next week putting 13,000 jobs at risk. The odds are that most stores will be bought from the administrators so the actual jobs cull, though painful, will not be as painful as some fear. Already the blame game has started but who is really to blame?
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
It is a week exactly since my father’s death and I accept that my work is substandard and apologise. It is hard to lift myself from this slough of despond. In today’s podcast I cover Inspirit (INSP), Wishbone Gold (WSBN), Kefi (KEFI), Boohoo (BOO), Amigo (AMGO), Contango (CG0) and i-Nexus (INX).
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
I warn you that my Mahmud Kamani impression when he meets the new ESG director forced upon him contains strong language. It had to, to be accurate. I discuss, in this podcast, the liars at Supply@ME Capital (SYME), William Hill (WMH), Restaurant Group (RBG), Hammerson (HMSO) and Boohoo (BOO), plus my act of mask rebellion in Wrexham yesterday as I stocked up on loo rolls. You – and the Mrs – mocked me last time but it is better to be the first lunatic overreacting than the first sane person forced to pay £5 and limited to 1 roll each!
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
And now from Wales, by just 30 yards, it is my new, I hope, weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with bear raider Matt Earl on the markets, the real economy and on 2 stocks where he is short (IQE & Boohoo) and one where he might be soon (Future PLC). we focus on Boohoo. There is also a detailed interview with Andrew Bell of Red Rock Resources (RRR). Its shares are 0.82p and what Bell says is ground breaking. I am on record as saying I shall eat my hat on video if the shares are not 1.26p before Christmas. I now reckon 1.65p is achievable and this is explained very clearly. Finally I return to the liars at Verditek (VDTK), why it is drowning in red flags and more. You can access the show HERE
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
I start with a look at Boohoo (BOO) shares which are failing on the back of reports in a paper founded on profits from the slave trade that suppliers in Leicester are using slave labour. Then I ask whether Luke Johnson or I am more sociable and what this means about folks stopping work from home. Then onto gold stocks in general: Hummingbird (HUM), Kefi (KEFI), Red Rock Resources (RRR), and Ariana (AAU). I look at Amigo (AMGO), Attis Oil (AOGL), and finally why today’s shocking Versarien (VRS) expose really could indicate a major scandal. Footnote:
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
The most read non-Tom article this week is Ariana – Psst, I have a dirty little secret! by Nigel Somerville is at a thriiling number three or number seven including Bearcasts and Tom's new shareshow.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
I am snowed under with work for MineProphets tomorrow and I have now bought a second new stock on the basis of videos I have taped. I shall reveal both stocks tomorrow at the show and you can grab your ticket for just £2.99 (worth it for these tips alone) HERE. Elsewhere in the show I discuss Asiamet (ARS), Boohoo (BOO), R4E (R4E) and wicked old, not so ethical Malcolm Stacey and HSBC (HSBA) and Standard Chartered (STAN) as well as the British banks.
Boohoo (BOO) stated on 8 July that it was “shocked and appalled by the recent allegations that have been made” about suppliers in Leicester using what amounts to slave labour. Really? On the Iain Dale show on LBC yesterday, Tory MP Andrew Bridgen – who has led this expose – stated that a main centre of this trade was the Dunlop Building. He means the Dunlop Business Centre.
I have had a bad day trying to record videos for MineProphets - just 2 of a scheduled 5 completed. But they were stormers. I guess the 3 will be redone in the 4 days I have left. Anyhow it will be a great show so buy your £2.99 access (which lasts until Christmas) HERE. In today's show I discuss Versarien (VRS), Eqtec (EQT), Boohoo (BOO), Quiz (QUIZ), Photo-Me (PHTM), Supply@ME Capital (SYME) and Manolete (MANO).
The most read non-Tom article this week is Rockrose Energy – I got this one wrong and cost Tom £9000 – sorry! by Peter Brailey is at solipsistic number seven or number 14 including Bearcasts and Tom's new shareshow.
A busy morning recording MineProphets videos with Chris Bailey, remember to book your ticket for next Saturday HERE. In today's bearcast I discuss Boohoo (BOO) and Carnival (CCL).
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
I hope that you appreciate the musical headline. In today's podcast I look at Boohoo (BOO), the utterly ludicrous spoof from toxic Dave Sefton and Iconic (ICON), Natasha Toy (a Good German), Kevin Engel, Grant Thornton and the FRC and I comment on $1800 gold. In that vein with the sector set to catch fire, buy your £2.99 ticket for Mineprophets now HERE..
On Monday Boohoo (BOO) responded to weekend press reports that suppliers in Leicester were paying as little as £3 an hour to staff forced to work even if they had Covid and generally treated like shit with a denial. That did not wash and the shares tumbled. And so today, as I urged it to do at the weekend, it has announced an independent enquiry but I am afraid the statement is nonsensical bullshit and the shares continue to slide.
I start with the latest statue pulldown, Frederick Douglas, and what it says about the insanity of 2020. I then move onto Peter Brailey and the P45, re Rock Rose Energy (RRE), Supply@ME Capital (SYME), Iconic (ICON), Boohoo (BOO) and Big Dish (DISH). Tomorrow I record the first video for MineProphets, remember to book your seat HERE.
i comment today once more on Boohoo (BOO) but also clarfify my position on the minimum wage as I seem to have confused some of you. I also look at Amigo (AMGO) the biggest market riser on Friday but I am not so sure it is justified. Finally, it is just 13 days to MineProphets, please make life easy for Darren and book your ticket early, ie today, HERE
And now from Wales, by just 30 yards, it is my new, I hope, weekly show. This costs 99p per episode to access and you can either listen or watch very sparky interviews with our in house gold guru Nigel Somerville on why you must be in gold and on the stocks or ETFs to own to maximise your bull market gains and with Union Jack Oil (UJO) boss David Bramhill, the most underpaid oil CEO on AIM. I also serve up a red flag-spotting session with reference to Diversified Gas & Oil (DGOC). You can access the show HERE
It is also the D day anniversary and as some folk gather in London to "fight fascism" by attacking the Police. I spare a moment to remember those who really did fight fascism. I will soon starting on a 25-30 lap walk around the Welsh Hovel. that is 25-30 * 1,185 metres. my last big training walk for Woodlarks. It is raining and the wind is up so think of my suffering and for the vast bulk of Bearcast listeners yet to donate please give a tenner or more to help Woodlarks survive HERE. Ed Croft's Stockopedia lists the top ten AIM stocks to buy including Fevertree, Boohoo and Pan African. I discuss a few issues with such models.
In yesterday's bearcast I discussed why Boohoo (BOO) did not move from the AIM casino to the main market. Some interpret this as me saying the shares are a buy. Au contraire on a PE of 60 the risk reward trade off looks dreadful. Yesterday i recorded a video with Boohoo's greatest critic Matt Earl and that should go live within 24 hours and that will, I suspect, raise many more questions that bulls cannot answer. Now the Sunday Telegraph brings news of US legal action and I publish the Ciurt filings in full below. Ouch!
In today's podcast I tempt fate - as I am about to record a video with Matt Earl - in defending Boohoo's (BOO) boss. I discuss the shares vs cash debate, Rolls Royce (RR.), sharp share price moves, ref Skinbiotherapeutics (SBTX) and what the real unemployment number will be as furloughing is wound down. And now for a long training walk for the Woodlarks walk in 2 weeks time. We are now at 36% of target: please donate today HERE
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Early in 2019 we showed the Shorted AIM shares at the start of 2019. How did they perform? (those in bold remain from 2018)...
Early this year we showed the Shorted AIM shares at the start of 2019. How's the performance at the end of November? (those in bold remain from 2018)...
Lots of bits and pieces in today's regulatory updates...but I cannot really rouse myself to talk about why William Hill (WMH) finally got religion to evolve its CEO or why I am not too surprised Dixons Carphone (DC.) is a better business than the market gives credit for, nor even why yesterday's numbers and comments from Barratt Developments (BDEV) or today's from Redrow (RDW) are not enough for me to change my (negative) views on the housebuilders. By contrast I am pleased to read a positive update from boohoo (BOO)…
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
I know the Warren Buffett witticism that you should 'invest in a company that can be run by an idiot...because one day it probably will be' is worryingly close to the truth, but management does matter and there were two good insights in this regard in Wednesday's regulatory news statements…
Hello, Share Slappers. Oh, the woes of writing about shares every day! I was 80% into writing a difficult piece extolling a motorcar-related company when doubts crept in. The company seems to be doing fine, but I became aware of some general headwinds out there. Also, I realised it would be hypocritical of me to indirectly boost the motor industry when I blame cars for air pollution and so refuse to invest in the sector myself...
I wrote an article back in March bout the importance of the pareto principle in business and that 'i trust the views and instincts of founders/co-founders inherently much more than chairman with historic general experience but massively less skin in the game'. Since that article - which was primarily centred on boohoo (BOO) shares in the online fashion company have done rather well, showing that the co-founder's focus and elbows out manner has been very helpful for shareholders. But what about the other company mentioned in that article, Superdry (SDRY)?
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
By far the most interesting story on the business pages of today's deadwood press is the veiled attack on the co-founder (Mahmud Kamani) of Boohoo (BOO) and the allegation he has failed to move with the times on matters of corporate governance in appointing 'an associate' (i.e. a friend) as the company's new CEO, whilst going upstairs as a very hands-on executive chairman.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
A “Trading Update” for the four months ended 31st December from boohoo (BOO) emphasises “Strong revenue growth of 44% (43% in constant exchange rates) across all geographic regions” (to £328.2 million), “Gross margin for the four months 54.2%, up 170bps” and “Strong balance sheet with net cash of £189 million (31 December 2017: £127 million)”. The shares have currently responded, er... more than 7% lower towards 180p…
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
We review the performance of the shorted AIM shares as at the start of each year. For 2018 that review is HERE and, from the FCA's spreadsheet of short positions required to be disclosed to it, we now have the shorted AIM shares at the start of 2019 (those in bold remain from 2018)...
Having previously noted a respectable showing from the start of 2018 top shorted London-listed shares, how was the performance of the AIM shares then shorted?...
I start with a look at Frontera Resources (FRR) and what should and what may happen on Monday in light of this weekend's revelations. You would not want to be long of this one. Then I look at the most shorted shares on AIM and explain why for many of them, notably IQE (IQE), Telit (TCM), ASOS (ASC), Boohoo (BOO) and Victoria (VCP) the bear c ase has just got that much stronger, by an order of n, in the past few weeks. Finally a warning for shareholders in First Derivatives (FDP) - I have a small present for you tomorrow. :)
The biggest casualty of the week was online fashion retailer ASOS (ASC), which was toppled from its position as the most valuable company on AIM after shares sunk by 50%. Investors were spooked by the company’s trading update for the first three months of the financial year – released on Monday – warned of a “significant deterioration in the important trading month of November and conditions remain challenging”. After three years of impressive returns, 2018 had already proven a fairly rough year for holders in ASOS prior to this week’s events. Still, brokers and tipsters (on the whole) have been bullish about the future prospects of the company.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Shy Bear is a reticent fellow but a short seller currently without exposure to this sector. Having listened to my, most excellent, bearcast yesterday he offers up a few thoughts. I know shy bear well and he is no fool. Ignore these stark warnings at your peril should you be foolish enough to contemplate a spot of bottom fishing. Over to Shy Bear who opines:
I start off with news from Woodlarks. Then I ask if shareholders in Frontera (FRR) are all stark raving mad in light of this and question why Alliance News appears complicit in market abuse. Then onto ASOS (ASC), Boohoo(BOO) and Sosandar (SOS). I explain why the three are trading differently and what the shocker from ASOS means for the wider stockmarket. Whole sectors are officially on the bargepole list (although Neil Woodford appears to disagree).
This morning AIM-listed ASOS (ASC) offered up a disastrous Trading Update noting a significant deterioration during November, that conditions remain challenging and that it was revising downwards sales growth to c. 15% (previously 20-25%), retail gross margins by -150bps (previously flat at 49.9%) and EBIT margin to 2% (previously 4%). Ouch, ouch and triple ouch. Asos saw its shares decline by a whopping 38% in early trading. So what about fledgling minnow, AIM-listed Sosandar (SOS)?
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Early this year we showed Shorted AIM shares at the start of 2018. How's the latest performance?...
Hello Share Packers. It’s probable everyone knows the ASOS (ASC) story by now. The shares were once 7p and rose to about £70. The success was due to the fact that it was in the online clothing game at its beginning. Since then other companies have tried to sell fashion on screens and have not done as well.
I should start this piece by making clear that I am a fan of Paul Scott. I think his coverage of the small-cap space is excellent, data-driven and based on years of experience. But his investment in Sosandar (SOS) is a punt too far. I’ve been tempted to comment on Sosandar for a while now but Paul’s Bulletin Board moron-esque attempt at justification yesterday has tipped me over the edge.
I always defer to Paul Scott on matters retail. He is the guru. He got Boohoo (BOO) right and I was wrong (before I turned volte face and was right). So if Paul Scott says he has bought 1% of Sosandar (SOS), as a fellow shareholder I am cheered.
On today's bearcast I look at K3 Capital Group (K3C) and ask when is a legally binding lock in not a lock in? If I hear another fat cat CEO say that he is dumping shares "in response to institutional demand" I think I shall scream. I have some observations about and (unanswered) questions for BNN (BNN) and its - suspended - CEO Darren Mercer. I have some observations about the democracy hating Professor Moriaty of Conroy Gold & Natural Resources (CGNR) and then a few observations from Paul Scott and myself about Boohoo (BOO).
Thought I’d write a few sleep-related pieces today and am starting with initiating coverage on the mattress e-tailer, Eve Sleep (EVE). The company joined AIM in May raising £35 million and there is a lot to like about the business, but is it really worth over £130 million?
Bingo. Off we go. We hope that you averaged down and got on board as we urged the other day as shares in Orogen Gold (RE) have been suspended at 1.7p ahead of a readmission document for what looks like a cracking RTO. This could be the most sizzling Adam Reynolds reverse yet.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Paul Scott gets some things right I get wrong ( Boohoo!). And he is an incredibly talented analyst and writer and a good bloke. But his reaction to the TrakM8 (TRAK) shocker earlier is just nonsensical and has annoyed me. Paul is just in denial as I explain in detail. No doubt the health guru would also disapprove strongly with my Birthday pudding today which was just amazing.
Some of our critics, notably the felon Earley, reckon we go after companies as part of some convoluted con whether those companies are good or bad. Those who actually read our site will know that very few of the companies we have attacked have been anything other than disasters for investors. The one we got wrong and admitted as much was Boohoo. But boy did we make some gutsy calls in 2016 - we had a bumper year of fraud busting.
The emails I referred to in Friday's bearcast have landed. Clearly my prayers on Friday night were heard. Thank you God. I have now completed the article which will expose on AIM company to the most almighty scrutiny and fallout. I want to sleep on it before publishing at some stage tomorrow. But here's a hint!
I am utterly wiped out after day one of what looks like being a cracking harvest. A full photo report is HERE. In the podcast I discuss votes tomorrow in Austria and Italy and what they mean and why we bears are feeling good about the lack of a Santa Rally. Trump was Santa this year and that rally is over. I explain why I disagree with Malcolm Stacey's article today. I then look at a number of AIM stocks set to slide and why, as I refer to Steve's piece earlier. In focus: Avanti Communications (AVN), Advanced Oncotherapy (AVO), Telit (TCM), Boohoo (BOO), Tungsten (TUNG), Fastjet (FJET), Cloudtag (CTAG), African Potash (AFPO) and I have a few words about Worthington (WRN)
I start with a discussion of gold versus Sovereign debt and refer to a table at the bottom of an article I penned today on the delusional poisonous midget Nicola Sturgeon and her welfare addicted countrymen HERE. Then it is onto TrakM8 (TRAK) but more importantly Boohoo (BOO). Will Paul Scott concede defeat on the former, should I show humility and concede defeat on the latter, just to avoid another session of retail gross margins waterboarding. What do you think? Cripes that reminds me that we picked up some Boohoo shares in the Dragons Den session last year at UK Investor. Bank gains, methinks.
Shares in boohoo (BOO) have continued to storm higher since I covered them last month, and have crossed the psychological 100p mark on an intraday basis following the release of today’s interim results. With a £1.1 billion market cap, it is perhaps time to get off this particular train.
My friend Paul Scott made a brilliant call to buy boohoo (BOO) shares with conviction at 24p, shortly after a profit warning in January 2015. With the shares surging to 80p now, it’s been an incredibly successful trade.
Paul posted this earlier in the comments section and it merits a wider audience. That is not only for exposing Paul's tragic taste in music but also key lessons on tech investing. Over to the top share blogger.
Mothercare (MTC) has been a potential turnaround story for the past several years, and has doubtless tried the patience of many long-suffering investors. Thursday saw the release of a Q1 trading update.
At UK Investor Show on five occasions CEOs appeared on the main stage to pitch to the Dragons (myself, Gary Newman, Steve Moore and Brian Kinane). We invested £15,000 after all these sessions. Enjoy session 5.
Online fashion retailer Boohoo (BOO) has undergone a steady recovery over the past 15 months or so, but I would question how much further this run of upwards momentum can extend.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) at the start of 2016...
As this site as mentioned several times, Tom Winnifrith is on a sabbatical, planning to spend time with family and write a book or two. He intends to come back in the new year. Which makes this top 10 completely perplexing: all 10 are Winnifrith related. (He wrote 8, he co-wrote with Nigel Somerville on the ninth, and the 10th was a Paul Scott riposte against Tom's view on BooHoo.com)
How can I think straight when Corrie live is on tonight? Anyhow, I continue my debate with Paul Scott on Boohoo.com (BOO). He thinks I'm wrong HERE but I suggest a few points he may wish to consider. Then Lucian Miers flags up the curse of Welsh folks called Williams involved with PLCs - David at Avanti Communications (AVN), Jim and Tony at Arian Silver (AGQ) but is David at Tungsten (TUNG) a sheep shagger? And what about Chris Oil? We need to know. I discuss Arian in its own merits plus Europa Oil & Gas (EOG), Mosman Oil & Gas (MSMN) and in detail Premaitha (NIPT).
So much to discuss today on the podcast. On this wet day in Bristol my life is brightened by a stream of disastrous RNS announcements. In no particular order I discuss Geong (GNG), Vmoto (VMT), Jiasen (JSI), JQW (JQW), RSA (RSA), Boohoo (BOO) - why the UK's top share blogger Paul Scott is wrong - LGO Energy (LGO), oil prices, Antrim Energy (AEY), Belgravium (BVM), Arian Silver (AGQ), Audioboom (BOOM), Proxama Resources (PROX) and in a bit of detail Seeing Machines (SEE).
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…
Following a profit warning in January which saw the shares down from not far shy of 40p, shares in online fashion retailer boohoo (BOO) have currently recovered 5% to 26.5p today on the back of a trading update for the period ended 28th February 2015. The following reviews…
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (red if short increased, green if reduced)...
Following a profit warning (reviewed HERE) from online fashion retailer boohoo (BOO) there has been some director buying of shares, the appointment of a joint corporate broker and a number of broker updates. The following reviews.
Quindell (QPP) later. For now I look at Boohoo, ASOS, Sainsbury, Majestic Wines, whether online retailers should get a premium to offline retailers and comment en passant on Range Resources and Tern but in detail on IGAS and in total detail on the disgraceful behaviour of Mr Steve Berry and Touchstone Gold. This is truly disgusting and the man has no place on the AIM casino while Touchstone is officially a POS.
