Keyword results: Cenkos

Pelatro – “AGM Statement”, what about the recent RNS Reach announcements & broker change?...

Software for customer marketing company Pelatro (PTRO) has issued an AGM Statement including that “contracts announced in the last month in both the telco and the non-telco space demonstrate our continuing success in building the group's recurring revenue base… we are confident of delivering a performance in line with expectations for 2022”. So what of a share price of 27.75p, down from above 40p last Autumn?...

TND
TND

Tandem – recent revenue growth & argues “well placed to ultimately drive growth”, so why further share price decline?...

Sports, leisure and mobility equipment group Tandem (TND) has issued an AGM Statement including on revenue “for the last 7 weeks we were approximately 8% ahead against the comparative period” and “we are well placed to ultimately drive growth, particularly in all forms of e-powered transportation”. So what of a share price currently a further more than 16% down to 250p, a £13.5 million market capitalisation?...

Directa Plus – 2021 results, how “comfortable” with forecasts?...

Producer and supplier of graphene nanoplatelets-based products Directa Plus (DCTA) has announced 2021 results emphasising “revenue and profitability which have exceeded consensus market expectations” and “a number of exciting opportunities in our targeted markets”. So what of a current 121.5p share price?...

HeiQ – full-year trading update, still a sell?

Materials and textiles technologies company HeiQ plc (HEIQ) has issued a trading update noting “particularly strong sales growth in the fourth quarter of the financial year” and that it “continues to see strong demand for its products and anticipates revenue growth of approximately 20% for its 2022 financial year. Whilst there remains significant uncertainty in markets globally, the board is confident that HeiQ's margins will improve during FY22”. So what of a current share price response up just over 5% to 80p?...

Directa Plus – emphasised ‘vital step’ helps share price rise, but is it justified?...

Shares in company which describes itself as “a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets” Directa Plus (DCTA) are currently further higher today to 123p on the back of a “US EPA Authorises Grafysorber for Use in US”-titled announcement. What does this latest here mean?…

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OptiBiotix Health – following recent developments, how does the valuation stack up?

Shares are now ‘ex-dividend’ for Optibiotix’s ‘ProBiotix Health’ business, which will be spun off onto the AQSE Growth Market – with an associated fundraise – at the end of this month. Additionally, SkinBioTherapeutics (SBTX), in which it has a 20.73% stake, has just announced half-year results – that the market did not like. So, how does the valuation stack up now?

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400% upside in Optibiotix shares - new Cenkos note

Cenkos is house broker to Optibiotix (OPTI) so it is biased. I own shed loads of shares so am biased. The forecasts in the note out today include sod all for the three major deals announced at Christmas. So they will be increased.  Read into this what you want. My pension will be buying more shares at around the current level if it can.

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CTO
CTO
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TClarke – 2021 results, a “winning a wide range of work” Buy

Building services company TClarke (CTO) has announced 2021 results and that it is “winning a wide range of work” across its chosen market sectors, clearly reflected in the strength of its order book.

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CMH
CMH
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Chamberlin – placing it states it “is pleased to announce”, is it taking the piss?!

Foundry and engineering company Chamberlin (CMH“is pleased to announce that it has conditionally raised £1.8 million… at a placing price of 5 pence per share with institutional and other investors”… and the shares have currently responded down by more than 27%. So what’s going on?…

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VLG
VLG

Venture Life Group – a trading statement it’s “pleased to provide”. Should it be?...

‘Self-care’ products group Venture Life (VLG) has made a trading statement and the shares have currently responded to around 50p, 34% higher, on the back of it. Is this justified?…

Pelatro – “in line with expectations”… or is it?

Customer engagement software company Pelatro (PTRO) states it “is pleased to provide” a trading update, including “despite the Covid situation, we won three new customers in 2021, taking us to 22 telco customers in various countries around the world… Results for FY21 are subject to audit but are expected to be in line with expectations”. So why currently a share price response to 27p, 7% lower?…

CNC
CNC

Concurrent Technologies – expects “slightly ahead of market expectations”, but what does that mean financially?...

Describing itself as “a world leading specialist in high-end embedded computer products for critical applications” Concurrent Technologies (CNC) for 2021 “expects to report revenues and profitability slightly ahead of market expectations” and notes “a robust order book and an exciting pipeline of innovative product releases to grow our customer base and revenues in 2022 and beyond”. Sounds good, but what does it mean financially?…

CTO
CTO
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T Clarke – further trading updates to further demonstrate the trading momentum?...

Amongst the travel and leisure shares having fallen as covid variant from Africa fears abounded the stock market is building services company, with key sectors of Infrastructure, Residential & Hotels, Engineering services, Technologies and Facilities Management, TClarke (CTO). However, a recent trading statement from the company actually provides significant confidence and, as Tom argues here, the hard facts behind the Botswana variant should not be a game changer.

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OptiBiotix Health – launch of sports nutrition products to add £1m a year to sales, Buy

OptiBiotix Health (OPTI) has announced the launch of a new sports nutrition product range, LeanBiome, with a supply & licensing agreement with “a leading global player in beauty & nutrition”. What of a current share price response up to 42.5p?

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VLG
VLG

Venture Life – “many reasons to be optimistic” and “pleased with how the company is positioned”. Really?...

Describing itself as “a leader in developing, manufacturing and commercialising products for the self-care market”, a “Trading Update & Board Changes” announcement from Venture Life Group (VLG) includes “the directors see many reasons to be optimistic and are pleased with how the company is positioned… The company is profitable, cash generative, with a healthy cash balance… order book ahead of where it was at the same time last year (on a like for like basis)”. So why then are the shares, at circa 35p, 27% lower on the back of it?…

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Stuart Ashman, Steve O’Hara, posh PR bird Melanie, and scumbags Cenkos – institutional investors my arse!

As predicted HERE the print going through late on Friday was Optibiotix (OPTI) dumping £2 million worth of Skinbiotherapeutics (SBTX) at 55p. I told you that this would happpen weeks ago producing more bluster and fake denials from all involved. Fuckers! The release this morning insults the intelligence of we loyal shareholders in both companies yet again. Stuart, Steve, posh PR bird Melanie Toyne-Sewell and the scumbags at Cenkos do you think we are idiots? You treat us as if we are.

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Tom Winnifrith Bearcast: Optibiotix dumping 3.75m of Skin shares on Friday?

I predicted that this was the plan and such a trade went through on the prints late on Friday. Both Optibiotix (OPTI) and Skinbiotherapeutics (SBTX) have declined chances I have offered ( two for Opti) to deny the trade was as I speculate. So where does this leave shareholders in both companies and the, badly advised by scumbags Cenkos, Steve O’Hara?  

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Directa Plus – ‘news’ helps share price rise, but is it justified?...

Having commenced November at a 136p share price, two subsequent announcements have helped shares in Directa Plus (DCTA) up to a current 160p. So what’s this latest news from this ‘graphene nanoplatelets-based products’ company?…

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Tom Winnifrith Bearcast: Am I wrong about Supply@ME Capital and how do you know if Andrew Prelea of Vast is lying?

I start with a few notes on horticulture here in Wales then move onto questioning my strongly held belief that Supply@ME Capital (SYME) is a worthless fraud. Then I explain why the recent Cenkos note on Skinbiotherapeutics (SBTX) is wrong and how, via its website, the company faces an acid test. Actually the website I refer to has now been amended as you can see HERE. But not before my contact placed an order.  Finally I look at Vast Resources (VAST) and its shocking placing followed by even more shocking no-one is watching O’clock results.

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Directa Plus – ‘additional funds to accelerate strategic programme’, but what’s already in the price?...

Previously writing on graphene nanoplatelets-based products company Directa Plus (DCTA), in June I concluded with the shares at 121.5p, having expressed cash burn concern, I continued to avoid. Today an “Additional Italian Government Covid Recovery Loan” announcement.

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Brighton Pier Group – trading update, short-term or sustainable strong recovery from blundering Boris impact?

Brighton Palace Pier, mini golf, bars and Lightwater Valley theme park company Brighton Pier Group (PIER“is pleased to announce a trading update” and the shares are currently approaching 17% higher at 62.5p. So what’s the story?…

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Cenkos: Optibiotix at 55p is worth 178.75p

Cenkos is house broker to Optibiotix (OPTI) so it is biased. I own a truck load of shares in Optibiotix so I am biased. But this 34 page note is detailed and may give you pause for thought. Steve O’Hara is doing an online presentation and Q&A tonight. I am not attending as I am washing my hair. Brokers notes and investor love-ins are all very well what I want to see now are material revenues and profits. And, while notes and presentations may tickle the share price, a material re-rate can only come from those sales and profits being delivered. I still believe that it will happen but I understand that others are bored of waiting. The full note is below.

Pelatro – “full confidence in meeting its revenue target”… but what is that & what does it mean financially?

Self-styled “precision marketing software” company Pelatro (PTRO) states it “is pleased to announce a trading update ahead of the release of the interim results for the six months ended 30 June 2021”. Hmmm – more than 2 months for even a half-year trading update? At least it includes “full confidence in meeting its revenue target for the year”…though what is that and what does it mean financially overall?…

Cenkos on Optibiotix

As I explained in bearcast yesterday I have thought Cenkos forecasts for Optibiotix (OPTI) too cautious for a while. Yesterday’s update rather vindicates me. Anhow here is the house broker’s latest note.

SO4
SO4
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Salt Lake Potash – 7 weeks after “funds from placement and final debt drawdown”… further project funding now urgently required!

Last month Salt Lake Potash (SO4) was “pleased to announce that following receipt of funds from Tranche 1 of its recent A$28m placement… SO4 has drawn down the final US$33m tranche of its US$138m Senior Debt Facility” and on 1st July “that process plant Practical Completion… has been achieved at its Lake Way asset in Wiluna, Western Australia. Plant commissioning continues with first SOP product expected in the weeks ahead”. Today a further update and the shares currently more than halved to below 8p in response!

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KMK
KMK

Kromek – “well-placed to capitalise on the substantial opportunities”. Really?...

Kromek Group (KMK) has announced “new contracts and repeat orders across all of its target segments as commercial momentum continues to increase across the business”. Why then are the shares, heading towards 15p, currently more than 6% lower in response?…

Vianet – how “encouraging” is its first quarter performance?...

An AGM statement from ‘Internet of Things’ data group Vianet (VNET) includes that its “performance in the first three months of the financial year has been very encouraging, with profits higher than anticipated”. What does that mean financially?…

Filta Group – what does “continues to experience an increasing level of demand” mean financially?

Provider of fryer management and other services to commercial kitchens, Filta Group (FLTA“is pleased to report that it continues to experience an increasing level of demand for its services in all of its operating territories”. What does this operationally and financially mean?…

Brickability – acquisition “a significant value-add”… so significant insiders selling?!

Construction materials distributor Brickability (BRCK“is pleased to announce the conditional acquisition of Taylor Maxwell”, emphasising this timber, bricks, cladding, masonry and other products supplier “marks a significant expansion in the range of solutions we can deliver for our growing client base and represents a significant value-add for our shareholders”. Though also “certain selling shareholders have also conditionally raised a further £38 million through the sale of 40,000,000 existing ordinary shares”. Hmmm…

Brave Bison – ‘positioned to meet or exceed expectations’, but what are they?...

Previously writing on Brave Bison Group (BBSN), a couple of years ago I concluded negatively with the shares down towards 1.5p as it was gouged by Facebook’s new policies & no warning at the time (why not?!). Today an AGM Statement” sees the shares currently approaching 8% higher on the day. So what’s the story now?…

KMK
KMK

Kromek – argues cash “slightly ahead of market expectations”… but what does that mean?!

Detection technology group Kromek (KMK) has announced “significant sequential revenue growth in H2 over H1 2020/21 and expects to report revenue and EBITDA for the year ended 30 April 2021 in line with market expectations. The group continues to maintain tight cost control, improve collections and manage cash flow, and this conscientious management has resulted in the group’s cash position at 30 April 2021 being slightly ahead of market expectations”. Sounds good… but, with how creditable this performance is naturally dependent on the expectations, what are they?…

Pelatro – emphasises “secured several contracts”… but what’s their impact?

“Contract Wins”-titled announcement from Pelatro (PTRO) commences that “the telecom Customer Engagement Hub software specialist, is pleased to announce that it has secured several contracts for change requests”. The shares have responded up to 38.75p, so what’s the contracts detail?…

CNC
CNC

Concurrent Technologies – record revenue & record order book… and share price decline?

Designer and manufacturer of computer boards for particularly the defence and telecommunications industries, Concurrent Technologies (CNC) has announced 2020 results, noting “record revenue for the year of £21.14m (2019: £19.38m)” and a “record order book, which has seen a substantial increase during the first quarter of 2021”. Why then have the shares currently responded to below 100p, more than 7% lower?…

RDT
RDT
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Rosslyn Data Technologies – “Directorate Change”. Bring back the porno man?

For the Rosslyn Data Technologies (RDT)/porno man reference see HERE. Meanwhile, a “Directorate Change” announcement from the company today states that this “leading global big data technology company, today announces that Roger Bullen, CEO, is stepping down” but that “he leaves the group in a good position for the next stage of sales-led growth under Paul Watts”. Hmmm…

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Optibiotix – what is the point of a lock in agreement? Even a signed agreement from Steve O'Hara is worth jack shit

I think Optibiotix (OPTI) shares are very cheap as are those of Skinbiotherapeutics (SBTX) and am a loyal shareholder in both expecting to treble my money from here. Nor do I begrudge Optibiotix selling a few shares in Skinbiotherapeutics as it announced it had today as I imagine that will more than pay for a Nasdaq listing which may drive a re-rate. But I suggest that, in light of today’s events, a document signed by Steve O’Hara and Nomad and broker Cenkos is a worthless piece of toilet paper and both have legged over and deceived investors in Skinbiotherapeutics. Let me explain.

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Directa Plus – argues trading “success”. Really?...

A trading update from Directa Plus (DCTA) includes that the company “finished 2020 with better revenues than expected even at the start of December” – and the shares have currently responded more than 13% higher, above 90p. But revenue is, of course, vanity and the achievement in ‘better than expected’, of course, depends on what the expectations are…

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25 years of fraud and failure at Eden Research & the Stock Exchange loves it up – I give up, I am a dinosaur

In its 25 year history, Eden Research (EDEN) has only ever reported one six month period when it made a profit. And that was down to a Panama Pump accounting fraud involving Terpenetech. But today its shares are racing ahead thanks to an endorsement from the London Stock Exchange (LSE). I despair and ponder retirement.

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Agronomics – starting to take off?...

Agronomics (ANIC) describes itself as “a leading listed investor in alternative proteins with a focus on cellular agriculture and cultivated meat… these technologies are driving a major disruption in agriculture, offering solutions to improve sustainability, as well as addressing human health, animal welfare and environmental damage”. So, very green shite… but very in tune with market sentiment currently, with recent news which suggests this sector is starting to take off…

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Directa Plus – ramptastic RNS Reach, from bonkers to even more bonkers valuation?...

Shares in graphene-based products company Directa Plus (DCTA) are currently at 88.5p, more than 40% higher, on it announcing what it argues “represents the opening of a new, high potential vertical market that could use large amounts of our products”. Is the share price response really justified though?…

Windar Photonics – “pleased to announce” appointment of a new broker. I wonder why...

An “Appointment of Nominated Adviser and Broker” announcement from Windar Photonics (WPHO) – I note following an ‘extension of loan’ announcement towards the end of last month...

CNS
CNS

Corero Network Security – AGM “Proposed Share Option Regrant” disgrace

Last month DDoS defense network security company Corero (CNS) announced 2019 results, with “Financial Highlights” including even “EBITDA loss of $2.8 million (2018: loss $2.1 million)” and “Outlook” that “whilst we have not to date seen any significant short-term impact on the provision of our products and services, and the sector within which we operate, we are of course aware of the negative impact the pandemic is likely to have on our end-customers. The board therefore continues to monitor the situation very closely”. Now “Notice of AGM and Proposed Share Option Regrant”...

ANG
ANG

Angling Direct – trading impacted by “exceptional winter flooding”… but that not all…

The largest specialist fishing tackle and equipment retailer in the UK, Angling Direct (ANG) has updated including “in-store sales were £27.9 million, an increase of 41.3% on the prior year period and up 12.0% on a like-for-like basis” and “online sales grew to £25.2 million, an increase of 13.3% on the prior year period”. The shares have currently responded to around 60p – circa 13% lower. Hmmm…

Filta Group – set for “a much-improved performance in 2020”?

Filta Group (FLTA) has updated emphasising new franchises, cost savings and “new scheduling software introduced in 2019 is now delivering improvements in productivity” – and the shares have currently responded towards 170p, circa 20% higher…

VRS
VRS
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Letter to AIM Regulation: Versarien Breaches of Rules 10 & 11 & sanction of Bobbie Hilliam

Versarien (VRS) has today issued an RNS which suggests that its Nomad, Bobbie Hilliam at Canaccord, has allowed it to drive a coach and horses through AIM Rules 10 and 11. I have written to the Oxymorons at AIM Regulation asking that Versarien and Hilliam be sanctioned and that it force the company to issue a clarifying RNS.

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ROL
ROL

Rotala – “in-line with market expectations” & outlook optimism…

Bus group Rotala (ROL) has updated including it “is pleased to announce that trading during FY 19 was in-line with market expectations”, that it “is well placed to capitalise on its enhanced position in a period when the bus industry continues to undergo considerable change” and that it “expects to maintain its progressive dividend policy”

Bearcast
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Tom Winnifrith Beacast: The cancer of private chatrooms for shameless ramping by AIM Casino bosses - will AIM Regulation act?

As I reveal that it is not only Versarien (VRS) up to no good in this respect but also Eurasia Mining (EUA), I wonder which other shameless PLC rampers are up to no good and will AIM Regulation do anything to stop an increasingly disorderly market becoming an open sewer? I look at retail shares and real estate plays on that as more evidence emerges that my very long term "avoid the lot like the plague" stance was correct. I look at changing brokers at Cenkos (CNKS) and Condor Gold (CNR) and Premier Miton (PMI) and what the AIM Casino demise of SalvaRx (SALV), where managers are talented, says about the dangers of backing a cash shell.

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RM2
RM2
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Neil Woodford Dog RM2 to be fork-lifted off the AIM Casino at last

There is no doubt in my mind that disgraced Neil Woodford’s revolutionary pallet company RM2 (RM2) should never have got anywhere near the AIM Casino and through keep-the-lights-on refinancings (largely paid for by Neil Woodford with other peoples’ money) it should have been removed a long time ago. But Neil needed the listing as he tried (and failed) to keep within his 10% proportion of investments  unlisted limit so despite protestations from within, the AIM listing continued. Well, this morning it is all over bar the shouting.

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MPL
MPL

Mercantile Ports & Logistics – how do AIM and Nomad Cenkos put up with the stench?

Okay AIM is loathe to boot off any company given how the World’s Most Successful Growth market is shrinking and Lagos Securities just wants retainers so will act for anyone, I answer my own question. But even by the standards of the AIM Cesspit, surely there comes a point where one says “enough is enough.”

BRY
BRY
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Brady – the scale of the “modest” black hole becomes clear, £4m – will the FCA take action on investor deception?

AIM dog Brady (BRY) will shortly be taken over by PE firm Hanover at 10p a share. If the deal is not supported by shareholders the company will go bust. I have already twice written to the FCA and AIM Regulation demanding that they investigate how Brady and its Nomad Cenkos mislead investors. Today the scale of that deception has become clear.

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BRY
BRY
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Brady: back to the FCA & AIM Regulation, please do not brush this scandal under the carpet

Individuals not companies commit fraud, lie via RNS and break securities rules. And it is individuals not corporates who must be punished for their crimes.  Otherwise getting caught for white collar crime becomes simply another “cost of doing business”. In that vein I have again written to the FCA and AIM Regulation about Brady (BRY) where I do not accuse anyone of fraud or lying but I do accuse them of heinous rule breaches.

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BRY
BRY
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BREAKING - Brady & Cenkos: the FCA reverts on matter of non disclosure: this could be interesting

Last week I reported Brady PLC (BRY) and its Nomad to AIM Regulation and the FCA over material non disclosures. As a result, the former forced Brady to issue an RNS in which it came clean as to the horror of its financial position. Now it seems as if the latter is looking at my material and might just launch a formal investigation. The FCA has been in touch with its favourite investigative journalist and writes:

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Bearcast
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Tom Winnifrith Bonus Bearcast: 100% vindicated on Brady at 2.42 PM but it & shit Nomad Cenkos are still not coming clean

Make no mistake, Brady (BRY) and its POS Nomad Cenkos were forced to issue an RNS at 2.42 PM Thursday by the regulators and they did so because of the exposes by me on this website culminating in THIS. I look at where next for Brady, whether its partial 'fess is still giving us the whole truth, at the shocking behaviour of research analysts at Cenkos and at why both company and Nomad now need hefty fines and a public censure.

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BRY
BRY
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Formal Request to AIM Regulation and FCA to investigate Brady PLC and Nomad Cenkos

Yesterday I revealed, HERE, the shocking way that Brady PLC (BRY) had withheld damaging price sensitive information from the AIM Market and investors, in part with the collusion of Nomad Cenkos. With the company now having to raise £3 million in just six weeks simply to meet November payroll but needing far more to be viable, it and Cenkos are still dissembling about the nature and scale of its problems. I have today written to AIM Regulation and the FCA asking for a formal investigation and to force Brady to come clean. The letter is below

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BRY
BRY
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Bombshell Expose: Brady – material non disclosure as it seeks urgent funding

Following a dire sales and lack of profits warning on 21 August, AIM Casino listed software outfot Brady (BRY) has today served up interim results which are both piss poor and fundamentally misleading. Quite simply, as things stand, a reliable source tells me, the company will not be able to meet payroll in November. Worse still there has been  massive material non disclosure of the mess this company is in.

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Bearcast
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Tom Winnifrith Bearcast: the snakes in the garden of Eden

I urge you to listen to today's free podcast with Lucian. The sound quality is good and the content excellent. It can be found HERE. In the bearcast I discuss my old pals at Eden Research (EDEN),  Yu Group (YU.),Cenkos (CNKS) and FinnCap (FCAP).

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ESL
ESL
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Eddie Stobart Logistics: Where, oh where, are the interims? Statement needed Monday.

AIM-listed Eddie Stobart Logistics  (ESL) was spun out of Stobart Group (STOB) is, of course, a Woodford Dog – Neil holds about 23% of the stock. When the shares were suspended last month in the wake of an accounting scandal because the interims would be delayed, we were told that the numbers would appear in early September. Well, they haven’t appeared and the next opportunity for release falls on Monday – the sixteenth of the month. According to my maths, that will therefore be the second half of September. Where are the numbers?

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BRY
BRY

Brady – from end-May “new sales pipeline is building” to now “revenue from new customers forecasted will not materialise during fiscal 2019”!

A trading update from Brady (BRY) commences; “Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy and commodities sectors, announces that, over the course of the first half of 2019, Brady has had positive engagements with existing customers, and the recurring revenue is in line with expectations”. The shares are currently around 35p – down more than 35% though!...

IXI
IXI

IXICO – “materially ahead of current market expectations”… interesting?

“IXICO plc (AIM: IXI), the data analytics company delivering insights in neuroscience, is pleased to announce that the company has continued to see strong growth in revenue in the second half of the year… anticipates that the results for the full year ending 30 September 2019 will be materially ahead of current market expectations” – and the shares have responded currently more than 20% higher to around 40p…

Bearcast
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Tom Winnifrith Bearcast: Diversified Gas & Oil just smells all wrong

In today's bearcast I look at shitty little gold plays like Conroy (CGNR) and Condor (CNR) at their relationship to the gold price. I cover Burford (BUR) noting today's interventions from two giants of the investment world: Carson Block of Muddy Waters and Roger Lawson of ShareSoc. I look at Providence Resources (PVR) a comedy set to end in tears, at Diversified Gas & Oil (DGOC) a tragedy set to end in tears and also at Neil Woodford and that Cenkos (CNKS) profits warning.

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ROL
ROL
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Rotala – fundraising, but still looks good

Rotala (ROL) has announced a £1.14 million fundraising at 56p per share. This following an agreement to acquire, for £5.3 million from FirstGroup (FGP), a Bolton depot and the majority of the First business located at that depot. The company notes;

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CloudCall – “a high degree of confidence that… on-track to meet its future goals”… so why the share price decline?

“CloudCall (AIM: CALL), a leading cloud-based software business that integrates communications technology with Customer Relationship Management platforms, announces the following trading update for the six months ended 30th June 2019”. Hmmm – despite late March-announced results including “it is encouraging to see early indications of the impact those investments will make in the future coming through towards the end of the year… pleased to report a strong start to 2019”, not ‘pleased to announce’?...

Jaywing – from “solid progress” in early May to a further “Trading Statement” – and intra-day…

Previously updating in early May, “data science led agency and consulting business” Jaywing (JWNG) noted “a year of solid progress… We have seen encouraging growth in Epiphany, our online performance marketing division, and also in our fast-growing operations in Australia… Jaywing will announce its preliminary results for the year ended 31st March 2019 in July” but also “ongoing challenging market conditions within the UK and continued uncertainty surrounding its anticipated withdrawal from the European Union”. Now a further “Trading Statement” – and at an intra-day 11:37am. Uh oh…

SOU
SOU
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Sound Energy bailout $3m placing to keep lights on.. pro tem

Once upon a time, with its shares at 82p, Sound Energy (SOU) was valued at c£500 million. But no institutions were backing it, this was just a ruthless private investor ramp. It worked but you cannot keep plates spinning forever and drill failures in Italy and Morocco brought the shares crashing down. Today there was a final kick in the gonads for the mug punters suckered in by CEO James Parsons and others.

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VRS
VRS
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A Letter to Bobbie Hilliam at Versarien’s Nomad Canaccord

In light of Saturday’s bombshell revelation HERE I have written to the Nomad of Versarien (VRS) suggesting a statement is needed pronto. The letter is below.

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Diversified Gas & Oil - over to PWC to explain why its accounts must be restated

As I noted in my earlier bonus bearcast, Diversified Gas & Oil (DGOC) or its agents at Cenkos, Stifel and Mirabaud are almost certainly briefing the dumb fucker insitutions who own this stock that I do not understand IFRS 3 and so my claim that its accounts grotesquely overstate "profits" and must all be restated are hogwash. Au contraire...I now refer you to PWC.

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WTG
WTG
PREMIUM CONTENT

Watchstone (Quindell as was), a Canadian legal body blow and the £18 million claim it is hiding

In the dismal annual results for calendar 2018 published on May 9 Watchstone (WTG), Quindell (QPP) as was, claimed to go into great detail on the various legal cases it faces thanks to the activities of its former boss, the King of the Fraudsters, Rob Terry. Except it didn’t. On April 11 it suffered a massive blow in a C$30 million (£18 million claim if faces in Canada from Aviva. This it omits to mention in its finals but luckily I can bring you full court documents and a release from Aviva’s lawyers below….

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Hey dumbfuck clients of Cenkos give me $225m and I'll offer you a 10% yield

In today's bearcast I start with a range of matters relating to Neil Woodford including brokers lifting our research, Purplebricks (PURP), Provident Financial (PFG) and Non-Standard Finance (NSF). And I make Neil a generous offer on Proton Partners (PPI). Then I look at Diversified Gas & Oil (DGOC) and the dumb fuck clients of Cenkos (CNKS). Finally a brief look at Ironveld (IRON) and at the Bluejay (JAY) hound. Postcript: Cynical Bear points out that today's TRI shows Woody is in fact selling Purplebricks in the market as well. Timber!

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Diversified Gas & Oil – surely a stonking short – I guide you to some amazing research

I take my hat off to a chap who has created the blog Oarfish Research for he is a truly talented individual who has produced some spectacular research on £878 million capitalised ( at 126p) AIM listed Diversified Gas & Oil (DGOC).  Reading Mr Oarfish’s truly spectacular analysis I can only conclude that this company is monumentally overvalued. It could be the most overvalued stock on AIM.

SYN
SYN

Synnovia – follows “broadly in line” February update with profit & accounts disappointment

Writing on industrial components and consumables manufacturer Synnovia (SYN) - Plastics Capital as was - in February, I questioned is a 10%+ forecast reduction really “broadly in line”?!. Now a “Trading Update and Restatement of Accounts”. Uh oh…

ROL
ROL

Rotala – full-year results, confident about the prospects: BUY

UK bus company Rotala (ROL) has announced results for its year ended 30th November 2018 and that it is “confident… about the prospects of the group and excited about the possibility of expanding it considerably in the years ahead”

CloudCall – results argue “a high degree of confidence in the future”… so why the share price fall?

“CloudCall (AIM: CALL), a leading cloud-based software business that integrates communications technology into customer relationship management platforms, is pleased to announce its audited full year results for the year ended 31 December 2018” and its CEO Simon Cleaver considers “having effectively removed some of the cash constraints from the business with successful placings in late 2017 and early 2019, we are well placed to deliver on our growth plans with a high degree of confidence in the future”. So why have the shares responded to 86.5p, approaching 17% lower?...

SYN
SYN

Synnovia (Plastics Capital as was) – trading statement; is a 10%+ forecast reduction really “broadly in line”?!

A trading statement from industrial components and consumables manufacturer Synnovia (SYN) - until recently Plastics Capital plc - commences that it “expects trading for the financial year ending 31 March 2019 to be broadly in line with market expectations” and includes “significant organic growth continues to be achieved across both our divisions” and “the change of the company's name to Synnovia plc has seen a smooth transition and is acting as a strong signal to our organisation to do everything reasonably possible to reduce, recycle and re-use plastic waste”. The shares have responded currently, er,… more than 8% lower, back towards 100p…

CML
CML

CML Microsystems – having stated only in November “full year advance in profitability remains likely”, now…

A 20th November-announced half-year report from semiconductors company CML Microsystems (CML) included “it currently looks challenging for second half revenues to show material improvement over the first six months although at the profit before tax level, the impact is expected to be less pronounced due to the anticipated product mix. Therefore, a full year advance in profitability remains likely, in-line with market expectations”. Today a “Trading Update” – and the shares currently more than 20% lower on the back of it, towards 340p…

ROL
ROL

Rotala – 2019 “begun in line” after 2018 “performed well”, remains a buy

Rotala (ROL) has updated including “the group performed well in 2018” and “trading for the current year has begun in line with budget”

ARE
ARE

Arena Events – “Trading Update”… & having only listed on AIM in July 2017…

“Trading Update” from “provider of temporary physical structures, seating, ice rinks, furniture and interiors”, Arena Events (ARE) includes in its first paragraph; “The group experienced strong revenue growth across the UK, US and Middle East divisions with the acquisitions contributing as expected”. The shares have though responded to the update… currently more than 30% lower on the day, at around 40p! Hmmm…

FIF
FIF

Finsbury Food – half-year like-for-like sales up… so why are the shares more than 10% down?

“Pre-Close Trading Update” from ‘bakery goods’ manufacturer Finsbury Food (FIF) notes like-for-like sales revenue slightly higher, its “strategic diversification” and that it “is well placed to continue to drive efficiency, deliver innovation and maintain its leading position in the market”. So why a current more than 10% share price fall on the back of the update, towards 80p?...

CNS
CNS

Corero Network Security – 2018 disappointment follows 2017 disappointment, and 2019…

“Trading Update” from Corero Network Security (CNS) emphasising “order intake for 2018 is expected to be approximately 20% higher than 2017, driven by record order intake in H2 and the final quarter”“SmartWall revenue growth of approximately 20% over the prior year” and “significantly reduced EBITDA loss to approximately $2.5 million”. The shares have currently responded, er, approaching 6% lower to 12p…

Shareholder democracy AIM Casino Style – CSF gets the boot: £3.6 million for City Boy coke & hookers

This is a typical AIM Cesspit tale of woe and greed. CSF Group (CSF) listed on the AIM casino in 2010, a smallish Malaysian company of no interest to anyone. But the advisers raked it in with fat fees and fat promises to the board and shareholders. Coke and hookers all round in the Square Mile. Wind forward to August 28 last year.

RAI
RAI

RA International – project delays… less than six months after AIM admission!

Support services provider to remote locations in Africa and the Middle East, RA International (RAI) has updated including CEO Soraya Narfeldt “pleased with the progress made by RA International since Admission to AIM… we have a strong pipeline of projects across a range of sectors and a project management team capable of executing and delivering larger projects”. So why are the shares currently approaching 20% lower on the day, at around 50p?...

Beggar-Stockbroker

FinnCrap - the numbers, why the IPO valuation is a total rum ‘n’ coke – AVOID

If you wish to ignore my advice go ahead and pony up 28p a share (a £48 million market cap) in the IPO of smug Sam Smith’s FinnCap via Primary Bid HERE. But I would not. Here are the hard numbers which show what a joke this IPO is...

ARO
ARO

Red Flags at Night: Arricano announces resignation of Smith & Williamson as Nomad after hours on Friday - SELL

In August it was announced that Cenkos was buying the Nomad operations of Smith and Williamson, with completion expected in November after due diligence had been done on Smith & Williamson’s Nomad clients. On Friday, at no-one-is-watching o’clock (natch – 6.09pm!!) AIM-listed Arricano Real Estate (ARO) announced that Smith & Williamson had served notice that it would resign on 23 November 2018. Talk about Red Flags at Night!

Flowgroup – as warned, appointment of administrators

In June of last year I noted on Flowgroup (FLOW) from “actively pursuing” sale to that business being the “primary focus” of the company in just a few months. That business was Flow Energy (residential gas and electricity supply)… and at the start of May this year it was “Completion of the sale of Flow Energy”!...

CNS
CNS

Corero Network Security – “Customer wins”: argues “particularly pleasing”, what’s the detail?

“Customer wins” announcement from Corero Network Security (CNS), including President and EVP Sales & Marketing, Andrew Lloyd, emphasising “to have secured another new customer for our 100Gbps SmartWall technology following a rigorous selection process is particularly pleasing and highlights the key competitive advantages and uniqueness of our solution”. Ok, so what’s the order detail?...

CNS
CNS

Corero Network Security – “a transformational deal”? Hmmm…

Shares in Corero Network Security (CNS) have risen back above 10p, with the company announcing “Completion of Subscription” of $2 million from Juniper Networks (NYSE: JNPR)…

FDP
FDP

Tonight’s AIM awards Black-tie Dinner will nauseate more than ever but will a hat-trick of wins for First Derivatives expose this sham to one and all?

I cannot remember the last time a Northern Ireland player scored a hat-trick in an international. But tonight I am hopeful that Belfast’s finest, First Derivatives (FDP), will pick up three gongs at the annual AIM Awards crony capitalists bean-feast and do the six counties proud. Heading the charge is CEO Brian Conlon who is short-listed for “entrepreneur of the year” sponsored by Octopus Investments. The Judges will have ruled on that before we pointed out that his whole IPO was based on a fraud. It gets better…

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - Versarien is 11p away

In today's bearcast I look at the idea of a bear market on AIM, Cenkos (CNKS) as its CEO walks (again), Versarien (VRS), Plutus Powergen (PPG), First Derivatives(FDP), Mysquar (FRAUD), Mayan (MYN) and Wolfe Minerals (WLFE). Due to a bit of a mix-up there are a newly available handful of tickets to next week's wine, canapes, Falanx (FLX) and Premaitha (NIPT) evening in London with me ripping Dominic Frisby apart on blockchain and bitcoin as a bonus. To grab your seat for 16 October book HERE

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Impellam – starts with Managed Services “ahead of expectations”… but it’s a profit warning!

A trading statement from staffing and managed services company Impellam (IPEL) commences that “Impellam continues to make good strategic progress. Our Managed Services businesses in the UK and Australia are growing ahead of expectations as is the entire US business, on a like for like currency basis”. Sounds good then. The shares?... Er, currently down approaching 20% at around 500p!...

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast - i3 Energy and its jv, Id be feeling sore if I backed the placing on the back of that claim, wouldn't you?

It has now emerged that Brokerman Dan attacked what he thought I said about Angus Energy (ANGS) without actually listening to what I actually said despite us giving him a 24 hour pass for bearcast access. He spouts an awful lot of piffle in his latest article but declines to print corrections. Poor Dan. Oddly on one major point he is almost correct. Moving on, I also look at Cenkos (CNKS), Frontera (FRR), Rosenblatt (RBGP), i3 Energy (I3E), MySquar (FRAUD), Online Blockchain (OBC) and Kellan (KLN).

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Jaywing – “recovery is building momentum”, but what does that mean financially?

Shares in Jaywing (JWNG) are recovering to comfortably above 20p following an update including “recovery is building momentum and anticipates that full year results will be in line with expectations”. What’s the recovery from and what are the expectations it anticipates being in line with?...

Jaywing – “a number of key client wins and service expansions”. How key?

Jaywing (JWNG), the self-described “data driven, insight and creative agency”, is “delighted to see the fruits of our labour across so many diverse clients and industries” with “a number of key client wins and service expansions”. How key though?...

ANG
ANG

Angling Direct – “Half-Year Trading Update”. How’s profit then?, Cash?

“Angling Direct plc (AIM: ANG.L), the largest specialist fishing tackle and equipment retailer in the UK, is pleased to announce its trading update for the six months ended 31 July 2018. Revenue for the period was ahead of management's expectations”. Sounds promising - but what about profit?, cash?...

Filta Group – argues “strong trading”, but how strong? Enough to suggest a buy?

November 2016-listed Filta Group (FLTA) has updated including that it “has enjoyed strong trading in the first half of the year” and “confidence for further progress in the second half of the year and beyond”. What do those mean in financial terms - and against a currently little-changed-on-the-announcement circa 230p share price?...

SEE
SEE

Seeing Machines – revenue “within the range of the previous guidance”. Er…

A full-year trading update from Seeing Machines (SEE), the self-described “advanced computer vision technology company that designs AI powered operator monitoring systems to improve transport safety”, commences “total sales revenue was A$30.7 million, an increase of 127% year-on-year (2017: A$13.5 million) and within the range of the previous guidance published”. Sounds promising – so why a current more than 5% share price decline?…

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Totally's balance sheet looks Totally anorexic to me

In this podcast I look at the REAL state of the Totally I(TLY) balance sheet and I also cover FastForward (FFWD) and the job of a journalist, Cenkos (CNKS) and the future of the AIM Casino, Boxhill (BOX), Avanti Communications (AVN), Pantheon Resources (PANR) and UK Oil & Gas (UKOG)

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Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Hell's teeth Lucian says it is actually 33 miles! IQE - I smell panic & Rangers' Dave King Court date

Brokerman Dan has been replaced as the maps man on our Woodlarks Charity walk on Saturday. Perhaps we now know why in his former career he did not always get away. For it turns out that the walk is not 32 miles but 33. Lucian has mapped it out in full. Cripes. We now need just over £2,000 to reach our £20,000 target so if you hav e not yet sponsored me please do so HERE. Get us to target & I will shut up about it. In the podcast I look at IQE (IQE), Rangers FC and another date in court for Dave King, Thirsty Paul Scott not understanding what research means & wanting me not to cover Sosandar (SOS), Cenkos (CNKS), ADVFN (AFN) and Online Blockchain (OBC), Highlands Natural Resources (HNR) and Fishing Republic (FISH) which, I think, is AIM toast in waiting 

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BGO
BGO

Bango – argues ‘positioned well’… but it’s a current year forecast reduction

Payment platform company, Bango (BGO) has updated “on trading for the six months ended 30 June 2018”. This commences “End User Spend (EUS) continues its four-year growth trend of at least doubling every twelve months. The total EUS for 1h2018 was £220m compared with £92m in 1h2017, and £271m for all of 2017. As in previous years, EUS in the second half of the year is expected to be significantly higher than in the first”. Er, ok – but that is not about how the company is trading. What about financials?...

Cloudcall – H1 “played out largely as we expected”. Hmmm, did it?

Previously writing on Cloudcall (CALL) it was 2017 results, emphasises significant reduction in cash burn… but is there?, with the shares more than 6% lower, towards 165p. Today a half-year trading update – and the shares currently down around 10%, at circa 140p…

RDT
RDT

Rosslyn Data: profits warning x2, cash crunch, misleading RNS's, wrecked balance sheet – what is not to like?

Oh for the days when Rosslyn Data was run by that colourful chap who seemed embarrassed about his career in pornography. These days a boring bean counter is at the helm but the company is still a dog serving up a double profits warning topped with a meagre dose of jam tomorrow today. The balance sheet is a total wreck and surely another bailout placing is needed.

Stobart: Public dirty washing airing hilarity – is Woodford backing the wrong horse (again)?

As a keen observer of the public markets, I love a good old-fashioned boardroom squabble as much as the next man but the one being played out in public at Stobart (STOB) is funnier than normal as the Tinkler/Ferguson tiff is only part of the comedy. Sure the details being shared add to the amusement but I am more concerned about the fact that Neil Woodford and Invesco’s Mark Barnett may have fallen out too – is the protégé finally casting the shackles aside?

Audioboom - Karma for Rob Proctor with his fecking cornflakes: RTO pulled, almost bankrupt

I cannot hide my pleasure at today's catastrophic news from Audioboom (BOOM). Media companies should believe in free speech - Rob Proctor's outfit buckled at once forcing me to move bearcast elsewhere. And now Proctor's company faces possible bankruptcy in four weeks time. Ha fucking ha. This is a shambles.

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: Lyin' Steve now you really are taking the piss

In this podcast I look at Fronterra (FRR) where I'm vindicated and my twitter pest of the week - a detergent salesman - is now even more out of pocket. I look at Greka Drilling (GDL) and at UK Oil & Gas (UKOG) where Lyin' Steve is now really taking the piss with his 0.4p options. Finally I wonder how close is Totally (TLY) to needing a bailout placing. With Allenby of Servision (SEV) infamy and the chap who assisted Quindell (QPP) at Cenkos on board it has a broking dream team in place. I take a detailed look. If you like bearcasts then remember that at UK Investor on April 21 - THIS SATURDAY - one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH.

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AA
AA

House broker Cenkos (Lagos) on the AA - Neil Woodford's disaster of the week

As I write shares in AA Group (AA.) are down by 23% at 89p and you will never gbuess which high profile fund manager is a major holder, largely for the dividend income. Yup you got it, its Neil Woodford and yes the dividend is being slashed.

UP Global Sourcing – despite listing less than a year ago… ANOTHER profit warning!

Trading Update and Notice of Results announcement from consumer goods company UP Global Sourcing (UPGS) including “it should be noted that H1 2017 was an unusually strong period for the group” - this in an update for its half year ended 31st January 2018. Uh oh…

MPL
MPL

Mercantile Ports - about that Jackanory from Friday

Mercantile ports & Logistics (MPL) shares rocketed by 66% on Friday to 8.125p on the back of an upbeat statement from a company which we have exposed (see HERE) as serial liars.  Perhaps amid the celebrations I might offer a few thoughts on the most important part of the jackanory:

Echo Energy - gets into bed with twice convicted market abuser as its new broker

Having rather publicly fired its old retained broker Brandon Hill Research on 31 July for being sensible, Echo Energy (ECHO) has today announced it has a new broker Hannam & partners. Who? I must admit that I have never heard of this firm and an RNS search shows it acting for just one other London listed company as its retained broker. But maybe it has a big research capacity to ramp the shares? er...

MPL
MPL

Nomad Cenkos put "on record" re the Mercantile Ports fraud - letter 7, about the land "purchases", SMTM!

When disgraced AIM casino posterboy Mercantile Ports & Logistics (MPL) moves from being a member of the minus 98% club in which it currently sits to being a member of the minus 100% club, I want it known that Nomad Cenkos has been fully aware of massive issues all along and has done nothing other than bank obscene fees. As such we have run a series of letters from a big shareholder to Amber Wood, head of Corporate Governance at Lagos Securities, HERE and HERE and HERE and HERE and HERE and HERE Now for letter six which puts fragrant Amber and Lagos, Nomad to the Quindell (QPP) fraud as well, on notice for when the final wipeout occurs that they will be held accountable. This letter has also been cc'd to AIM Regulation - I know they are useless but surely even they must realise that Lagos Securities has "form."

MPL
MPL

Lagos Securities put on the record re the Mercantile ports fraud again - letter 5

When disgraced AIM casino posterboy Mercantile Ports & Logistics (MPL) moves from being a member of the minus 98% club in which it currently sits to being a member of the minus 100% club, I want it known that Nomad Cenkos has been fully aware of massive issues all along and has done nothing other than bank obscene fees. As such we have run a series of letters from a big shareholder to Amber Wood, head of Corporate Governance at Lagos Securities, HERE and HERE and HERE and HERE. Now for letter five which puts fragrant Amber and Lagos, Nomad to the Quindell (QPP) fraud as well, on notice for when the final wipeout occurs that they will be held accountable. This letter has also been cc'd to AIM Regulation - I know they are useless but surely even they must realise that Lagos Securities has "form."

MPL
MPL

Nomad Cenkos (aka Lagos Securities) on the record part 4 - you are aware of the Mercantile Ports lies aren't you?

When shamed AIM casino posterboy Mercantile Ports & Logistics (MPL) moves from being a member of the minus 98% club in which it currently sits to being a member of the minus 100% club, I want it known that Nomad Cenkos has been fully aware of massive issues all along and has done nothing other than bank obscene fees. As such we have run a series of letters from a big shareholder to Amber Wood, head of Corporate Governance at Lagos Securities, HERE and HERE and HERE. Now for letter four which puts fragrant Amber and Lagos, Nomad to the Quindell (QPP) fraud as well, on notice for when the final wipeout occurs that they will be held accountable.

MPL
MPL

Mercantile Ports - before we turn to dire results today, more on this zero in waiting

Mercantile Ports & Logistics (MPL) has served up dismal numbers & pathetic excuses today and its shares have slumped to a pitiful 5.625p. My target remains 0p as it was in this expose a few months ago. I will turn to the results later but before then...

MPL
MPL

Mercantile Ports & Logistics - slam dunk sell (target 0p) as Nomad Cenkos (again) brings AIM into disrepute

Nomad Cenkos was repeatedly warned by myself and others about the fraud at Quindell (QPP). It banked fees of more than £12 million and did nothing to stop the wrongdoing. In doing so it brought AIM into massive disrepute. Now there is evidence that it is turning a blind eye to horrific red flags at Mercantile Ports & Logistics, which at 8.5p is capitalised at £32 million. My target price is 0p but what the hell is Cenkos playing at? I break my break to deal with the errant Nomad - I have a score to settle here since some of the money it raised for the Quenron fraud was used to harass me with fascist lawyers letters..

With Barbarians at the Gate Bowleven's useless board blathers about jam tomorrow (again)

Facing a shareholder revolt which will - as explained HERE - see a grossly overpaid and under-achieving board kicked into the long grass and new directors put in charge to realise shareholder value, the old directors of Bowleven (BLVN)have issued a statement which is covered in jam tomorrow. Plus ca change.

RDT
RDT

Rosslyn Data - bring back the porno man, trading statement is yadda yadda yadda

I am beginning to miss Charles Clark the former CEO of Rosslyn Data Technologies ( RDT), the man who had forgoitten about his career in pornography. His successor Roger Bullen is long on the yadda, yadda, yadda in today's trading statement but misses out on what we really want to know. That is a bad sign.

CNS
CNS

Corero - just when is the next rescue placing?

It was only seven months ago that AIM uber-dog Corero (CNS) appointed Cenkos as its joint broker and promply raised just under £9 million at 22p. Gosh i am glad that i am not an institutional client of Cenkos with the raft of dogs and frauds it has acted for in recent years. The shares are now just 9.5p to sell. But another bailout placing looks inevitable. Just do the math!

RDT
RDT

Rosslyn Data - Statement Needed as shares keep sliding

osslyn Data Technology (RDT) shares continue to slide and now trade at only 9.75p - valuing this company at just £7.4 million. It listed two and a half years ago after Cenkos signed off on a misleading prospectus at 33p and it has been downhill ever since. The company insists it will not run out of cash before it his breakeven. We shall see.

QPP
QPP

The 2016 AIM Awards - Crony Capitalists spunk £750,000 of your cash - winners announced

BBC presenter Sophie Raworth, picked up £10,000 for hosting the 2016 AIM Awards. Heck since this whole £750,000 event is ultimately funded by investors in AIM Casino stocks I am sure you won't begrudge her trousering some of YOUR cash. Anyhow here are the winners from the lavish 2016 ceremony:

Cenkos profits dry up, shares offer a counter-cyclical proposition

Cenkos (CNKS) attracted plenty of criticism on this website over its dealings in the the Quindell saga. Whatever the rights and wrongs of that case, it’s still worth looking at the company as a standalone investment. It has been profitable every year since listing in 2005, and over that time has produced an unusually attractive stream of dividends and buybacks.

AVN
AVN

Avanti Communications - new evidence emerges of just how desperate is its cash crunch

Ceteris paribus Avanti Communications (AVN) will be trading whilst insolvent within weeks - its cash will not be sufficient to meet contracted capex and bills payable. That is why it is delaying publishing audited results for the year to June 30th 2016 - no auditor is going to sign off on anything from what is an insolvency waiting to happen. Avanti is trying to hide the awful truth but industry sources are revealing its desperate measures to stay afloat.

NOP
NOP

EXCLUSIVE: Northern Petroleum: Argentine Unit heading for bankruptcy court - when was it going to tell investors?

And there was I thinking that if AIM listed companies had bad news they had to issue an RNS? Well maybe Chris Cleverley has re-drafted the rule book because Northern Petroleum (NOP) seems in no rush to fess up to the impending collapse of its Argentine subsidiary.

AVN
AVN

5 Questions for insolvency in waiting Avanti Communications

The FRC is already looking at the grossly misleading way that Avanti Communications (AVN) bodged its June 2015 annual results. I reckon Avanti is trying to commit an even bigger crime against prudent accounting with its 2016 numbers and they key is a satellite which is now on the move. But Avanti and its ghastly and morally bankrupt Nomad Cenkos, of Quindell infamy, are trying not to reveal the truth. So have five critical questions for Avanti and the shamed Cenkos.

SPL
SPL

SKIL Ports & Logistics: Insider dealing? Misleading Investors on AIM or just gross incompetence?

Three years ago shares in AIM listed India play SKIL Ports & Logistics (SPL) were c90p. A year ago they were 40p before rallying to 85p in February 2016. On Friday they fell sharply from 22p to 20p. Did someone know something? Yes they did. At 4.32 PM, after hours, there was a shocking warning.

Tom Winnifrith Bonus bearcast: Cenkos fined £530,000 over Quindell fraud - assisting crime DOES pay says the FCA

The FCA will say that fining Cenkos (CNKS)  £530,000 over the Quindell (QPP) fraud shows regulation is working. Au contraire. The narrow scope of its investigation, the failure to sanction individuals and the paltry fine show that assisting crime does pay if you work in the City. It sends out all the wrong signals and is a day of shame for the Square Mile as I explain in this podcast.

QPP
QPP

And still the Quindell Bulletin Board Morons try (and fail) to put us out of business

The FCA is set to fine Cenkos over the Quindell fraud, the FRC has thanked me as it panned Quindell for fraud, and the SFO is making good progress on the Quindell fraud yet some morons still blame me for the penury they suffer as a result of ignoring our warnings that Quenron was a fraud. These fools really do believe that Rob Terry was a good guy and, unbelievably, are still trying to put me out of business. Step forward a troll on the ADVFN Asylum posting crap under the nom de plume NickyName.

Bearcast

Tom Winnifrith Bearcast - Avanti won't be playing Germany in the invasion of France role play

I am challenged to comment on Cenkos (CNKS) as an investment in light of todays news on its role in the Quindell fraud (HERE). Okay, I do my best. Then it is on to Techfinancials (TECH), Advanced Oncotherapy (AVO) and some friendly advice for Malcolm Stacey, Gulf Keystone (GKP), XCite Energy (XEL) and then I end with Avanti Communications (AVN) where I hope you understand the historical analogy.

QPP
QPP

Vindication for Tom Winnifrith: Cenkos to be fined up to £700,000 over Quindell fraud - not enough

Sky News claims to have a source who says that Nomad and broker Cenkos (CNKS) is to be fined £700,000 by the FCA for its lamentable failings in the Quindell (QPP) fraud - Cenkos has now admiited that a probe is underway. Whilst I see this as another moment of vindication for my work in exposing that fraud it is simply not enough. The FCA is telling the City's banksters that turning a blind eye to white collar crime does pay. Its coke and hookers all round if this is the best that the FCA can do.

BGO
BGO

Bingo Bango Bongo Trading Statement - Ronan Keating knows what you mean

Jam tomorrow producer Bango (BGO) has served up a ramptastic trading statement which distinguishes itself by missing out all of the metrics a sane investor would want to know about. Lads, Ronan understands.

AVN
AVN

Avanti Communications - existing debt now yields 30%: that says shares toast

Yesterday Avanti Communications (AVN) issued a dire lack of profits warning. Having warned folks in a special 25 minute session at UK INvestor (HERE) that this one was heading for the knacker's yard, the bear community is vindicated. Our big call is looking good. But have you seen how the existing debt ( in which Avantis drowning) responded. It says the shares - down 60% to 24p yesterday - are near as damn it toast. The target here is 0p or very close to that.

HNR
HNR

Challenge to Robert Price of Highlands Natural Resources

Tom Winnifrith and I have covered Highlands Natural Resources (HNR) in some detail as the list of disgraceful shenanigans gets longer by the day - the latest revelations at the weekend were a killer and anyone holding after reading THIS is now demonstrably insane.

HNR
HNR

The very Simple question Highlands Natural Resources is Refusing to answer

Highlands Natural Resources (HNR) is a dog with fleas which screams "over-ramped crap" at every level. Our coverage here is a comprehensive demonstration of why the shares are a sell at almost every level. It almost seems poor form to kick a man who is down. However...

PXS
PXS

Breaking: Provexis - working on Placing, will issue shares at 0.15p ( maybe lower)

Ooops a daisy another day and another scoop and another hugely discounted placing revealed by yours truly. Apologies to Paul Scott if he was suckered into this one too by a ramptastic trading statement on May 31 but with shares in Provexis (PXS)  trading at 0.26p-0.29p this perennial uber-dog with fleas is passing the hat around again. Time for a statement hapless Nomad & broker Cenkos?

COP
COP

Circle Oil - it now admits it is toast and so is this the worst broker note in history?

Those dreaded phrases "strategic review" and "breach of banking covenant" should have warned you that Circle Oil (COP) was toast and I warned you often enough in bearcasts. But it today Circle has admitted that the game is up yet one broker does not get it and has published the worst note in history or at least since Cenkos & SP Angel told folks to reject the 3p bid for Petroceltic (PCI)

Bearcast

Tom Winnifrith Bearcast - Petroceltic's O'Cathain blames others - bring out the piano wire for him

I start with a few comments on Brexit The Movie, noting how the EU has screwed the little guy across the continent but especially here in Greece. Then it is onto the pathetic bleatings of Mr O'Cathain of Petroceltic (PCI) and also a demented analyst from Cenkos. Both deserve piano wire. But what lessons do we learn from the wipeout of Petroceltic and their dismal attempt to gain forgiveness? 

QPP
QPP

Fraudster Rob Terry admits to spunking 450,000 Euro of Quob Park cash as Quindell fraud Biosign goes bust

The tawdry tale of fraud involving Canadian listed penny dreadful Biosign (as of 2 weeks ago bust) and fraudster Rob Terry is finaly drawing to a close. Terry has fessed up to the final chapter on his lamentable Knob Park blog.

CNS
CNS

Corero appoints new nomad & broker - that means placing imminent: sell

Corero (CNS) had, in Finncap, an existing Nomad and broker who the City thinks are acceptable although I regard them as complete & utter bastards. But I am even more scathing about Quindell's pals at Cenkos and today Corero (CNS) has appointed those mothers as its new Nomad and broker, 24 hours ahead of its results.

BGO
BGO

Bingo Bango Bongo - WTF is going on?

As you can see from our coverage HERE I have been a long term bear of Bango (BGO). As far as I can see it is just another jam tomorrow company run by utterly overpaid tossers. But even I am mystified by its share price collapse.

PCI
PCI

Petroceltic - it is not just on the Bulletin Boards where we find morons - over to Cenkos & BMO

Bidder Worldview has made it clear that Petroceltic (PCI) equity is worthless and the fact that the debt trades at 35 cents in the dollar shows that it is right. As such the 3p per share offer from Sunny Hill ( aka Worldview) is the best outcome for idiots who own these shares. That the Bulletin Board Morons are in denial - see HERE - is no shock but leading City brokers? WTF. Prepare to meet an analyst who makes an amoeba look like a multi-brained frigging genius.

POS
POS

Plexus Holdings – kudos to Lucian Miers, "very significant" profit warning…

Kudos to Lucian Miers – as Plexus Holdings (POS), recently identified by him HERE as, due to the current climate, looking to have hit a brick wall has announced that it “has seen a significant slowdown in planned activity by its customers… the company's financial results for the year to 30 June 2016… will be very significantly below market expectations”. The shares are down as a result from the 125p of Lucian’s piece and a prior close of 122.75p to currently struggling above 70p…

POS
POS

Plexus at 125p has much further to fall

Celebrations must have been somewhat muted last month at oil services group Plexus PLC (POS) as it celebrated its tenth birthday on AIM. Things have got worse since then and unfortunately there is little sign of relief. 

XTR
XTR

Xtract Resources - the promises just do not add up

The first step in reviewing a business for potential investment starts with a review of the Board looking at track record, commitment and trust. There are countless examples of insufficient commitment by CEOs but I won’t focus on that here and instead will look at the issue of trust. If a business continues to under-promise and over-deliver, the share price will rerate significantly upwards over time but, unfortunately, the opposite is true, and that is much more prevalent on AIM. And this brings me to Xtract Resources (XTR), another stock promoted shamelessly by Zak Mir.

Collapsing-Reactor

I agree with Paul Scott - all quoted stockbrokers are a sell

Paul Scott disappointed his army of fans with a refusal to pen a drunken 3 AM blog this Christmas. Shame. Shame. Instead he penned a very sober slating of the quoted brokers prompted by the profits warning from Panmure Gordon (PMR). I have been saying for ages that this sector is uninvestable and but Paul puts it far more clearly.

Zak Mir's Great Request Show: Cenkos, Dekel Oil, 32Red

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Cenkos (CNKS), Dekel Oil (DKL) and 32Red (TTR) setting share price targets for all three stocks.

QPP
QPP

Cenkos , Quindell and the Serious Fraud Office..let me help you gents with a leaked email

The Sunday Times today reports that the Serious Fraud Office has demanded boxes of documents and emails from Cenkos, the Nomad to Quindell (QPP) as part of its enquiry. Let me assist you Gents, for Cenkos actively worked to protect this fraud as the AIM regulation team knows full well. You see...I was inadvertently cc'd in on emails between Cenkos and the chocolate teapots.

Rightster – Board changes and a new Nomad (to boot!)

AIM-listed Rightster (RSTR) has this morning confirmed that the previously indicated board changes (see HERE) are now effective. In comes a new executive management team, led by a new CEO, COO – the founders of Base79 which Rightster bought in 2014. There is also a new Chairman, Sir Robin Miller who is the former CEO and chairman of EMAP (very impressive), although he is also chairman of Edge Performance VCT (not so impressive!).  We knew that was coming, but it is the appointment of a new Nomad in the form of Westhouse that catches the eye.

MRL
MRL

BREAKING: Marlowe Holdings - who's been buying as shares rise 53% ahead of after-hours RTO RNS?

I sincerely hope that the oxymorons at AIM Regulation and the chocolate teapots at the FCA look into what surely must be one of the most blatant cases of insider dealing I have ever seen. No news on the tables, yet the shares are up 53% today and this evening, after-hours, the company has been forced to issue the following RNS:

RFC
RFC

EXPLOSIVE EXCLUSIVE: Why the £10 million claim by Worthington on Rangers is bogus and how Doug Ware tried to line his pockets with Rangers cash

One of the joys of being in London is that folks come to see me from the Square Mile bearing documents of great interest. I shall not name my City Source. But I have obtained documents showing why the £10 million claim by Law Financial against Rangers (RFC) is utterly bogus, that Worthington (WRN) knows it is bogus and how Worthington boss Doug Ware tried to line his own pockets in an obscene fashion at the expense of Worthington going behind the back of poor Aiden Earley and Craig Whyte.

TEA
TEA

Bonfire of the bad Nomads – Cenkos and Beaumont Cornish

There are two very interesting firings today of Nomads. First Teathers Financial (TEA) has binned Roland “fatty” Cornish moving to Grant Thornton and secondly Quindell (QPP) has canned Cenkos (CNK), moving to Peel Hunt.

QPP
QPP

What should I call the Quindell book? And a few words on Daniel Stewart – the best short in London

When are you going to publish the Quindell book?  I was asked this numerous times yesterday and having chatted to the pizza hardman Darren Atwater, we think that the answer is October. But what to call it?

Rightster, becoming more of a Wrongster every day – cash call ahoy? Tell us about the hidden tax bill

Floated on the AIM Casino at 60p in November 2013, shares in Rightster (RSTR) now trade at 13p-17p but worse is to come as last week’s trading statement DIDN’T make clear.

Kennedy Ventures – a spot of amnesia?

Friday afternoon saw an odd RNS from (Dead) Kennedy Ventures (KENV). It was not the fact that there had been a related party loan which was odd – it was the timing of the announcement. The RNS stated:

Bearcast

Tom Winnifrith Smoking Guns Bearcast from Athens - July 3rd

I start this podcast with a few developments on the ground here in Greece - tonight sees two mass demos which I shall be attending and reporting back on. Then it is on to Phorm, Provexis, Ubisense, Jiasen ( smoking gun located?) and the other China Norfolks, Netcall and Cenkos where conversation naturally turns to its role in the Quindell fraud and what the fallout will be.

Listen to the Bearcast:

Rightster..still a wrongster: things will only get worse

I have warned repeatedly that AIM casino listed Rightster (RSTR) is a wrongster yet somehow the company has persuaded institutional investors to stump up another £5 million at 18p. Good money after bad is what I call it. Those dumb enough to throw cash at this POS should perhaps reflect on a few matters.

RDT
RDT

Rosslyn Data Technologies – and this is why it is losing customers

When is Rosslyn Data Technologies (RDT) going to serve up a trading statement ‘fessing up to the speed of decline in its UK business, the cashburn and the urgent need to raise bailout capital this year? And when will it ‘fess up to investors about how the IPO prospectus of last year was misleading – a matter I have raised with the FCA – as to the impact of departure of key personnel before flotation? You want another example of that? Here you go.

Maple Energy – Picking over the carcass after hours

Tom Winnifrith had warned as far back as November (see HERE  ) that AIM Cesspit posterboy Maple Energy (MPLE) was in serious trouble. Anyone who hung on after that is now locked in to an undead corpse, suspended as it is with just the formalities to complete before being dispatched to the corporate knackers’ yard. The latest kick in the teeth for shareholders came at no-one-is-watching o’clock last night (at just after 5pm).

QPP
QPP

Quindell – putting the PWC delay into perspective

In 2014 the esteemed firm of KPMG (Southampton office, three partners) started its audit of Quenron just after Christmas and by March 31 had done enough to allow Quenron to publish the 2013 results – less than three months and the job was largely done. When did PWC start work on reviewing Quindell’s fraudulent accounting policies? Early December 2014.

RDT
RDT

FCA asked to investigate Cenkos and Rosslyn Data Technologies over IPO Prospectus

Rosslyn Data Technologies (RDT) floated on the AIM casino on 29th April 2014 having raised £10 million at 33p. Cenkos acted as Nomad and broker and will have earned almost £700,000 from this company. The shares are now trading at just 13.375p –this has been a disastrous IPO for those who backed it and I have today written to the FCA asking it to investigate Cenkos and Rosslyn to see if the prospectus for the IPO was misleading.

ZBO
ZBO

Tom Winnifrith Bearcast 26 March (A) - Rosslyn, Motive TV and Zibao Metals

There is so much to say in today's podcast but to clarify that in yesterday's podcast when I said monogamy I meant celibacy. I start with a tidy up on Motive TV following on from HERE and then onto Rosslyn Data as a follow up to HERE - I shall be contacting the FCA and AIM Regulation about Rosslyn and its loathsome Nomad Cenkos later. And then onto a special from Big Ray Zimmerman at disgraced ZAI Corporate Finance - a true POS that is Zibao Metals Recycling. Guess where it does its business? And we have the China AIM Norfolk poll results for you.

Listen to the Bearcast:
RDT
RDT

Rosslyn Data Technologies – Please tell me about your former CTO?

Yesterday I recorded a Bearcast special on Rosslyn Data Technologies (RDT) HERE – I have received a number of emails suggesting that my bearishness is bang on the money. It now seems obvious to me that the company was effectively bust pre IPO, that its core UK market is not growing and that a cash call is looming. But it gets worse.

Bearcast

Tom Winnifrith BearCast - A very special double Greek Hovel Prize Edition

I spent the morning starting fires at the Greek Hovel burning off some of the frigana I cut last summer. Photos of myself and George in action will be on TomWinnifrith.com later - but that brings me to a very good reason to attend the UK Investor Show - there are stacks of reasons - as I explian in the podcast. The show is now 75% sold out but you can book your tickets today HERE. Meanwhile I look at Quindell, the shoddy outfit that is Cenkos, Sefton Resources, New World Oil & Gas, Tungsten and Fitbug.

Listen to the Bearcast:
Sheriff-Of-AIM

The Equities First Holdings LLC Scandal – which, if any, Nomads took brown envelopes?

Oh dear, a Nomad who was approached by Equities First Holdings LLC urging it to get its corporate clients to engage in its dodgy share trades has come forward and revealed that brown envelopes were involved. So which Nomad or Nomads have taken one and is this not a conflict of interest?

QPP
QPP

Memo to Jim “hammer” Sutcliffe and Richard Rose of Quindell – how to spin the PWC disaster

You know that I am just a plain and simple nice guy. Well if you do, don’t tell anyone as I have a reputation to preserve. But as a nice guy I thought I’d drop a memo to the new team at Quenron (QPP), Jim “Hammer” Sutcliffe and Richard Rose about how to spin the looming disaster that is the PWC Report into Quindell’s fraudulent accounting policies.

Is Rightster a Wrongster?

AIM casino listed Rightster (RSTR) joined the market a little over 14 months ago at 60p. The shares are now 26p but with shed loads of confetti having been issued along the way the company is still valued at £51 million. Not for long I suspect.

QPP
QPP

Tom Winnifrith Quindell BearCast - a whistleblower explains the culture of bribery, fraud and lies

The title is self-explanatory. The contents of this podcast are most serious. hapless Nomad Cenkos can verify the lot or it can just admit that it does not give a FF about its regulatory duties.

Listen to the Bearcast:
QPP
QPP

Quindell: Translating today’s RNS from Bollocksese into English

Quindell (QPP) has today issued an RNS which is pure bollocks. Ever keen to help I am happy to provide a translation into English, something which shows both that the new board are as keen to mislead as the old and that this company is up shit creek without a paddle. 

QPP
QPP

Quindell a New Year’s Quiz for you all

There are some new questions now in place for the chumps now nominally in charge of Quindell (QPP) following a bit of post-Christmas digging but also some oldies. As you know I regard this fraud as worthless and it is my number 1 sell of the year (HERE) but for any who are still strong, long and wrong here are ten questions you might want to ask your board. Or perhaps readers might care to post their answers in the comments section below?

QPP
QPP

Tom Winnifrith’s Share Tips for 2015, No 5 – Sell Quindell, target 0p

Some of you may regard this as boring. There is after all, ALMOST, nothing written below that I have not written before. But I promised my top 5 shorts as part of my 10 tips of the year and Quindell (QPP) is my top short. Quite simply these shares are worthless. And so selling at 42p or whatever you can get is a sure fire 100% win. This is a “niller” at so many levels. Where do we start?

Nigel Somerville’s 2015 share tips of the year – No 1: Scancell

Scancell (SCLP) is a biotech stock I’ve been keen on for some four or five years. The statistics on getting new treatments through clinical trials and regulatory approvals are terrible, so we are certainly at the high-risk end of the spectrum, but I believe the risk/reward is favourable and I like the company, management, the way it behaves (important!) and the products currently being developed. Here is why.

QPP
QPP

Quindell CEO Robert Fielding: Tell us all about RTA Management Services Ltd and the £2 million?

On 14th January 2014 Quindell announced the purchase of ACH and associated companies for £5 million in cash and 117,812,500 (pre consolidation) shares at 22.5p. We have pointed out before that ACH was 100% owned and run by a convicted Nigerian Fraudster Andrew O’Dua, something Quindell did not mention at the time. But now the spotlight falls on the associated companies and how Quindell CEO Rob Fielding made a quick £2 million. 

QPP
QPP

Tom Winnifrith Emails Rob Terry of Quindell & Cohorts with advice

In light of today’s revelation that a Class action is heading towards Quindell, the fraudster Rob Terry and others I have just sent a friendly email to Terry, Laurence Moorse and folks whose firms may well become co-defendants in a class action suit:  Peter Shea of Daniel Stewart, Bobbly Hilliam at Cenkos, Emma Kane at RedleafPolhill and Victoria Geoghehan at Bell Pottinger. Gents & ladies it is payback time...hope you all have good lawyers.

QPP
QPP

EXCLUSIVE: Lost Money on Quindell: Class Action against Quindell PLC, Rob Terry, Laurence Moorse to be launched

Law firm YourLegalFriend will tomorrow launch an initiative aimed at pursuing both Quindell PLC and its current board of directors as well as Rob Terry in order to get back the vast losses suffered by investors in Quindell.

QPP
QPP

Quindell – The Silence on the Nomad issue & share suspension is deafening

If Quindell (QPP) was not in serious trouble with its Nomad Cenkos and facing an imminent suspension of trading in its shares it would have issued an RNS today. It did not. That deafening silence must set alarm bells ringing in the heads of even the dimmest of shareholders - are you reading Tom Dobell at M&G because that means YOU!

QPP
QPP

A letter from Rob Terry of Quindell to Ray Zimmerman of ZAI Finance

I am really trying to be helpful here to Quindell (QPP) because I am just such a nice guy and its Christmas and West Ham are almost safe from relegation and that sort of thing. And in that vein I have drafted a letter for Rob Terry to send to Ray Zimmerman, the boss of ZAI Corporate Finance. It reads:

QPP
QPP

Quindell & Cenkos – when’s the official divorce and share suspension? Soon.

Last week I revealed that Cenkos, the Nomad to Quenron (QPP) was letting it be known that it was going to quit as Nomad soon (HERE). The Sunday Times today reports that Quindell fall guy – acting chairman David Currie is scouring the City looking for a new Nomad, because without a Nomad the shares get suspended then – a month later – booted off the AIM casino. Our when will Quindell shares be suspended prize sweepstake is HERE The Sunday Times report states:

QPP
QPP

Tom Winnifrith BearCast Rampage as Rob Terry dumps his Quenron shares

No apologies but this Bearcast contains strong langauge. Fraudster Rob Terry has dumped nearly all his Quindell (QPP) shares. It is time for the morons to apologise to me as I am now 110% vindicated. I discuss lessons learned (other than do not mess with the Sheriff) and also what folks should do next. Start by apologising to me and my staff then have a measured go at Terry, AIM Regulation, Cenkos, Daniel Stewart, Canaccord and KPMG.

Listen to the Bearcast:
QPP
QPP

Quindell the Death March accelerates – when will the shares be suspended?

What is happening at Quindell (QPP)? Blind panic is what is happening. That death is the outcome is now beyond all doubt, the only question is when and how. To win a bottle of freshly pressed olive oil from my Greek place enter our “when will Quindell shares be suspended sweepstake” here. This is fascinating as so many parties are involved.

QPP
QPP

What the Quindell RNS really means – it means 0p, and here is why

I could not have put this better myself. Posting on the Motley Fool, the incredibly astute Waz Shakoor (who is short of the stock) explains it in the clearest terms. This is going to 0p. Hat tip to Waz who writes:

QPP
QPP

Quindell Warning Bearcast: Implications for Rob Terry, Cenkos, shareholders - what next?

I have just had a Quindell (QPP) shareholder on the phone. Not any old shareholder but a veteran of class actions. I warn you KPMG, Rob Terry and Cenkos you are potentially in big trouble, this man is very serious and knows exactly what he is doing. Ahead of that I examine what happens next for Cenkos, Rob Terry and shareholders. It is not pretty. And I now have new questions for the FCA about the scale of Rob Terry's insider dealing.

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QPP
QPP

I Demand the FCA & AIM Investigate David Currie and Robert Fielding of Quindell for market abuse and breaching AIM Rules

The stand in bosses of Quindell, The captains that will see the ship go under are Mr David Currie and the insider dealing Rob Fielding. Together with the insider dealing Finance Director Laurence Moorse they know that cash is well below market forecasts and that profits forecasts will not be met because there are gargantuan write-offs off goodwill and bogus revenues looming – that I proved today HERE.

QPP
QPP

Tom Winnifrith Quindell Bearcast Special - The implications of today's revelations

Today's revelations on Quindell (QPP) are shocking. How do the Morons feel now knowing about the wage deferral, that they were mislead about the cash position on October 13 (market abuse) so they bought shares and Rob Terry, Laurence Moorse and Steve Scott were able to sell. How do they feel about that? You guys were suckered. Now you need to stop getting angry with me and start directing your anger towards a board that has stolen your cash. 

Listen to the Bearcast:
QPP
QPP

Open Letter to the FCA & AIM Regulation – Quindell and Market Abuse on 13 October 2014

Market abuse covers many sins but one is to give a misleading impression of the value of securities as a result of false statements.  Quindell had told investors that it would achieve cash breakeven in Q3 2014. In fact it managed to beat this target thanks to a number of covert measures which hid the true picture. This is market abuse (FCA) but also a breach of AIM Rules. I have therefore written to both the FCA and AIM Regulation and cc’d in the hapless chumps at Nomad Cenkos demanding an urgent investigation.  I write:

Clown

I want this company to float on the AIM casino – Snake Oil Limited

Okay the company is dormant. It does nothing at all. But at least it is honest about that fact unlike most companies on the Casino.

QPP
QPP

Quindell – the Buying silence is deafening: questions? Questions?

Quindell (QPP) shares have dived again today to just 57.75p. Remember when they were 600p plus and all those analysts who now refuse to tell you to buy said that the shares were worth £10 plus? Oh Daniel Stewart, Canaccord and Cenkos where are you now, you bent motherfuckers? The questions today concern the lack of buying.

QPP
QPP

CROOKS: Rob Terry and Laurence Moorse BOTH let margin calls lapse – sacrifice Quenron shares & trouser £7 million.

First thing today we heard that hapless (soon to be ex) Quindell (QPP) finance director and insider dealer Laurence Moorse had received a margin call under his Equities First Holdings LLC shoddy share sale/loan deal. Larry did not met the margin so officially said goodbye to 20,000 shares. After hours it was revealed that fraudster in chief Rob Terry had made the same call so waving goodbye to 8.85 million shares.

QPP
QPP

Star ex Canaccord analyst Kevin Ashton says Quindell will go bust and more on that note Rob Terry got supressed

Kevin Ashton, the analyst that Rob Terry of Quindell (QPP) forced Canaccord to sack because he would not advise investors to buy the shares, last night predicted that Quindell would go bust as more details emerged on the note that Terry managed to supress.

QPP
QPP

Letter to the FCA: Robert Fielding CEO of Quindell is Guilty of Insider Dealing – please investigate

We already know that the FCA is investigating Rob Terry, Steve Scott and Laurence Moorse of Quindell for insider dealing – they are clearly guilty in that they sold millions of quid’s worth of shares knowing that join broker Canaccord had quit but without letting the market know that. But now I also accuse CEO Robert Fielding of insider dealing and wonder if this is why Canaccord quit on October 21st. I have written to the FCA (and cc’d in AIM Regulation as well as the chumps round at Cenkos) asking that the FCA widens the Quindell insider dealing enquiry to include Fielding.

QPP
QPP

The Sixth Quindell Bulletin Board Moron of the Week Winner Announced – Mr Robert Simon Terry

Once again we enjoyed an amazing raft of entries showing the lunacy of some folk – you can see the full selection HERE. But there could be only one winner and if CG79 wants to contact me to get a bottle of wine, I congratulate him or her for this spot from the asylum that is “RNS posts signed off by Cenkos” –this is a classic.

QPP
QPP

A Very Simple Question for Rob Terry of Quindell

Dear Rob, I have a very simple question for you regarding your shareholding in Quenron (QPP) and your shoddy deal with Equities First Holdings LLC.

Tom Winnifrith Bearcast Special - Maple Energy: EFH type share deals, bankruptcy looms & 7 questions for Cenkos

Hat tip to the Deputy Sheriff of AIM for spotting the strange events at Maple Energy (MPLE) a true AIM Cesspit posterboy whose hapless Nomad is - as it happens - Cenkos, the tossers who represent Quindell. Share transactions undertaken by former CEO Tony Hines have a strange Equites First Holdings LLC look to them although they may not be with EFH. In this podcast I look at the nature of those transactions, the reasons why Hines quit and the financial trainwreck that Maple is today. Maple has the smell of death about it. I therefore have seven questions for the poltroons round at Cenkos.

Listen to the Bearcast:
QPP
QPP

THAT Cenkos note suicide bombs AIM's flawed Nomad system

On Friday November 7th Cenkos issued the above broker note to justify Robert Terry, Laurence Moorse and Steve Scott’s share disposal to Equities First Holdings. Littered with glaring errors, this “clarification” is such monumental drivel that even the arch apologists over at QPPSAG have quietly removed reference of it from their homepage (though you forgot to delete the promotional Tweet chaps!). I note that Cenkos analyst Andy Bryant has apparently today "left the building." Nothing to do with Quenron, natch.

QPP
QPP

The Questions that Remain for Quindell & its disgusting Nomad Cenkos

Quindell is a fraud. It has lied to investors and since it never generates cash it is worth 0p.  Right now the shares are 49p – and falling – and in today’s BearCast I explain why the fall to 0p might be steady or dramatic. But for now we pretend that with Rob Terry on the board it is a normal business. This is a pretence and needs to be addressed. Here are ten questions hapless shareholders need to be asking.

Hookers

Tom Winnifrith's BearCast 17 November, the coke, champagne and hookers are on ice edition

Tonight we party. I am a very happy bear. The Real Man Christmas party is now a V Party. that is V for Victory and V for Vindication. Quenron (QPP) is on the ropes. In today's podcast I cover Quindell, President Petroleum, Tern and my old "mate" Angus Forrest, Camkids and China frauds, Cenkos, Forte Energy, mining juniors and more

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QPP
QPP

Quindell - Now the PR spinners at Redleaf Polhill quit the sinking ship - new reader poll on which adviser quits next

Well done to foxy Bex and her colleagues at PR outfit Redleaf Polhill, until now the spinners for the liars, fraudsters and insider dealers at Quindell (QPP). Foxy and her team have today quit. And it gets better..

QPP
QPP

Insider Dealing added to Rob Terry’s Rap Sheet – Canaccord quits Quindell: Terry going to prison, Quindell to 0p

Rob Terry you are a liar, a fraudster and now I also accuse you of insider dealing. I shall not rest until you go to prison you low life vermin criminal. For today we discovered that you and your FD Laurence Moorse and NED Steve Scott sold vast numbers of Quindell shares while withholding price sensitive information – that Canaccord, your joint broker and sponsor of your failed main market listing application had quit.

QPP
QPP

Tom Winnifrith BearCast Special - Quindell cash Crisis, The Sunday Times - Suspension Monday?

The Sunday Times has today unearthed evidence of the cash crisis at Quindell (QPP). Listeners to bearcasts here will not be suprised by this news. So what does Quindell do now? Will the sad excuse of a Nomad that is Cenkos let it respond or must the shares be suspended at once. In an angry and hard hitting podcast I lay out what lies ahead as the shit hits the fan and the shares become worthless. 0p is in sight. Events are now moving at light speed, the word "vindication" is on my lips.

Listen to the Bearcast:
QPP
QPP

Quindell Bulletin Board Moron of the Day – Tycoon Ted – but sentiment is changing as it does with all frauds

I despair. Quindell “needs to sort me out” – so says Tycoon Ted on ADVFN. Well why doesn’t it launch legal proceedings as it threatened three months ago if I did not shut up and grovel? Or does Ted think it should just have me killed. What do you think Ted? Ted posts:

Optimal payments- is this the sixth company in the Equities First Scandal?

With a very big hat tip to ‘ROB’ who posted a comment on my article “Equities First and a cancer at the heart of the AIM Cesspit” I bring you Optimal Payments (OPAY) which is, according to ADVFN, a £668 million enterprise trading on the AIM Cesspit. I have to say that I have not the slightest clue what this company does, but that is not the point.

QPP
QPP

Our Readers Reckon Rob Terry’s Quindell margin call was 69p (and they are right) so what did Rob do?

Quindell (QPP) has yet to fess up as to what price Rob Terry, Larry Moorse and Steve Scott face margin calls on their Equities First Holdings LLC “loans”. But having reflected upon the matter I agree with our readers who overwhelmingly reckon it is 69p on which basis Mr 2+2 has already faced an unwelcome phone call from the hoods in Indianapolis.

IGas. How about an explanation?

If I were an IGas  (IGAS) shareholder, I would be more than a little miffed. While the truth is being slowly extracted like a painful tooth from NOMADs  Cenkos (Quindell} and Westhouse (Cloudbuy) over their clients’ dealings with Equity First Holdings LLC (EFH), Jefferies maintains a deafening and belligerent silence.

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