Keyword results: Sky News

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SHOCKER: The corrupt press (Sky News) City uber spivs, investment genius David Beckham and the pot heads & a filthy IPO

On Thursday 4th February at 7 AM a CBD company Cellular Goods announced its plans to raise £8 million on a £20 million valuation and join the (sub) Standard List, home to so many frauds and dogs. The night before, Sky News came up with the “scoop” that this news could be revealed as soon as the following morning and that David Beckham had invested and would soon sign a deal to promote the CBD skin product. Oooooooh a nice photo of Becks and blow off comment with no questions asked, this is the corrupt MSM and a PR drop all over again as I noted with the other listed company where Becks has “invested”, Guild Esports (GILD) the other day HERE.

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Atom Bank gives Neil Woodford another headache

Disruptive tech banking play Atom Bank has dealt Neil Woodford another headache to add to his migraine-inducing in-tray. ShareProphets reported HERE that major Spanish investor BBVA, which had taken a large stake in Atom Bank, had missed the deadline to take up its option to buy the bank out and now, according to Sky News, Atom plans to raise more cash – cash Neil Woodford hasn’t got.

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IRV
IRV
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Interserve – Coltrane puts alternative rescue forward. Still a sell!

Fully-listed Interserve (IRV) saw gyrations in its share price yesterday as news leaked out on several fronts in the battle to restructure the company’s finances. The shares started at 10.26p, fell as low as 9.5p and then rallied hard to close at 15.6p, having been up to 16.6p. So what was going on and have shareholder prospects changed from 8p or 0p?

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IRV
IRV

Interserve – SKY reports closing in on rescue D4E deal

I see that SKY News has reported that fully-listed Interserve plc (IRV) is closing in on a debt-for-equity rescue deal with its lenders. The report goes on to suggest that £300 million of debt is to be converted to equity and that a deal could be announced within days. Well that’s jolly good – so are equity-holders saved, then? Er…not so fast.

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Woodford - having failed to bring a boardroom coup at Stobart, now it's time for Kier

I see that Neil Woodford is reported to be leading efforts to replace the top executives of fully-listed Kier Group (KIE), according to a report on Sky News. This is, of course, in the wake of a rights issue to pay off debt which fell flat (to put it mildly) and relied on the underwriters to be completed….and in the wake of Woodford stating on its website in September that we had a reassuring meeting with management today, which plans to substantially enhance the company’s cash generative capabilities… Overall, the company’s outlook remains very encouraging. Share price then – around £10….now it is just a fiver. Oops!...

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SKY
SKY

Sky - post Bank Holiday brain cell-sapping statement

I wrote just over a month ago, urging you to sell your Sky (SKY) shares and today's post Bank Holiday brain cell-sapping statement reiterates this for me.

IRV
IRV

Interserve – good news announced, but key detail missed in RNS – SKY

I read with interest that fully listed Interserve (IRV) some good news in its RNS on Wednesday of this week. It has secured £180 million of short term funding to the end of March, and an agreement to defer covenant tests on its borrowing also until the end of March. Great news! Well, sort of. The problem – as revealed by Sky News (see HERE) later the same day - is that there were conditions which were not mentioned by the company.

AVN
AVN

Avanti Coms tries to spin its way out of trouble - Inmarsat exposes the lie: not bidding

Three days ago Sky News reported that Inmarsat (ISAT) had approached Avanti Communications (AVN) with a view to making a bid. This was, as it happens, not true and today Inmarsat has exposed the lie in full. The story here is not only of the looming financial bankruptcy of Avanti but of its full blown moral bankruptcy too. This is shocking at every level, another milestone of shame for both Avanti and for the AIM Casino.

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.

Horse Hill and the credibility-killing clarification

This morning’s “Clarification of Press Comment” from UK Oil & Gas (UKOG), and the other companies participating in Horse Hill, heaps shame on all involved in last Thursday’s monumental ramp. At ShareProphets, we were the first to criticise the BBC, ITV, Sky News and all the other broadcasters, who leapt so obediently onto this propaganda bandwagon, for their deeply misleading coverage. Hundreds, if not thousands, of private investors bought stocks in the Horse Hill nags, thanks to the appalling laziness of too many journalists. Within 24 hours, most of these ordinary people were facing losses of upwards of 35% on their “investments”. This disgraceful episode illustrates once again why AIM is in such desperate need of comprehensive reform.

GKP
GKP

Gulf Keystone – botched boardroom suicide pact?

It now looks like the recent weakness in Gulf Keystone’s (GKP) share price has been caused by not one, but two civil wars. I covered events in northern Iraq a fortnight ago, yet it is boardroom infighting that is once again the greater concern. Greed does funny things to people and it is high time the directors of Gulf grew up and got their acts together. Failing that, they should just take off their shirts and go and wrestle in the car park until one side cries uncle. Anything would be better than having to watch this never-ending struggle for control of the company.

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