I gather that it is ouzo on cornflakes time at Peter Brailey’s this morning as Simec Energy (SAE) shares have gone into meltdown on the back of a disingenuous but unmistakeably bad statement – something clever old Peter predicted HERE. The stench of David Cameron, Lex Greensill and Tory sleaze is at the heart of the problem.
Davide Serra is a man with a track record of terrible calls. For starters he was pals with call Me Dave Cameron. Then he stuffed other folks cash – the funds he manages – into Quindell and sent pompous missives to the FCA demanding that we fraudbusters who were pointing out the blatant fraud be hung drawn and quartered. Quite simply Serra is a fool and a prick. Natch he has bought up 5% of Telit (TCM), the company founded by the US mortgage fraudster and fugitive from justice Oozi cats, nee Uzi Katz.
The Financial Reporting Council has announced that it has opened a formal investigation into the accounts of outsourcing group Mitie Group (MTO) for the years to March 31st 2015 and 2016. Mitie is in the spotlight and auditors Deloitte will also be investigated. So what has Baroness Ruby got to say about this?
There are no prizes at all but the deadline to enter these two contests is no-one is watching O'Clock tonight (Friday), or as they say at the US Oil & Gas (USOP) press office, rush hour. The standard of entries so far as been incredibly high so to see those entries and post your one for EBITDA go HERE and for Jabba's yacht go HERE and e now also have a Call Me Dave tax dodging caption contest HERE
Finally at the fifth attempt David Cameron says that he has come clean about the offshore Blairmore Trust set up by his late father and exposed in the Panama Papers. Or has he come clean?
For the n'th time I do not support UKIP and neither does the druid Getafix although I see today that he has joined the forces of Euroscepticsm - welcome aboard Malcolm. However, UKIP attack videos are a hoot and the latest one exposes the two faces of Call Me Dave when it comes to a Brexit referendum as you can see below.
In the long run a share price will reflect the NPV of future cashflows of a given company. In the short term it can go anywhere. Stocks can whizz higher purely based on aggressive stock promotion, .e ramping. So who would your ramping dream team be? As I sit having a coffee waiting for my car to get an MOT I have put together my own starting five.
Maybe I did not make the General Election element of this contest clear. Merely pointing out policies that do not stack or the general duplicity of Call Me Dave or insanity of Vince Cable/The Greens does not win – we need a specific quote that is self-evidently insane. Please do better this week HERE. And thus the winner of last week’s contest is…
We asked, at the weekend, who you, our readers, expected to form the next Government. The bad news is that a fifth of you think the nightmare scenario of a Lab/Lib coalition is on the cards. Time to emigrate methinks. Most readers thank that one way or another Call Me Dave Cameron will get to stay in No 10 and 2% of our readers are officially delusional thinking that the Lib Dems will form a majority Government. The full results are:
Scotland is the Greece of the North. 89% of its population are net takers from the State. Its share of the National debt is £108 billion which will be hard to support. It has a bloated Government sector and with oil revenues set to decline its financial position can only get worse. The only answer is independence. It must vote YES.
Actually I may not be voting Tory. There is mounting evidence that I shall be deprived of the vote completely thanks to Labour Dirty tricks – that is my wife (who explains the Labour case here) neglecting to put me on the electoral roll. If I do vote, choosing a party is like deciding which sort of shit you want smeared in your face for the next five years. But forced to choose there is only one sane choice and that is to vote Tory.