The FCA has forgotten that its job is to protect consumers and fight crime rather than issuing woke papers on ESG issues which win rave reviews at the Guardian. SEC chairman Gary Gensler has not forgotten. In a big speech on Thursday he tells it as it is. Gary said:
There are a few things that I disagree with Comrade Malcom Stacey about: all this green shite from COP26 for starters. Just how great meat tastes is another. And whether the Guardian newspaper has any useful purpose other than to light a fire is a third. A fourth is Feedback (FDBK) which he keeps tipping and which I regard as a cash guzzling, jam tomorrow generating, worthless piece of crap which serves only to enrich City financiers and has two decades of failure to boast about. So today we have (dire) results and a £10.5 million or more fund raise. A bookbuild is underway.
I am no fan of Tony Blair. I view him as a war criminal and believe that what he did as Prime Minister in the Cool Britannia era was largely a disaster. His business dealings stink, all in all, he is a total rotter as is his utterly ghastly wife, the Wicked Witch. However, folks like Andrew Pierce of the Daily Mail are harassing the old scumbag today on grounds that are simply wrong.
You will recall how Seth Freedman harassed and insulted me over the course of 16 phone calls on 24 February. He said it was investors in the fraud Zoetic (ZOE) who had prompted him to contact me and that he would take pleasure in defaming me. Another Zoetic expose appeared here yesterday and like a puppet on a string, Seth is at it again, this time harassing Peter Brailey as well.
Following the FCA’s decision to finally act on FCA, trust Pilot, (which owns Buy 2 Let Cars) a mere 485 days after I warned it was a financial car crash BOUND to happen, some retail investors have apparently rushed to its defence on Trust Pilot providing gushing reviews praising the fact that it has always paid on time in the past, provided great service and that the FCA is acting irresponsibly and destroying a great entrepreneurial business which the country needs more of (see link below for examples):
A Happy New Year, Share Buyers. Some financial boffins are predicting that shares will rise mightily this year. The main reason seems to be an expectation the damn will burst. And all those folks who’ve not been able to spend money will make up for lost time once vaccines have worked their magic.
I start with a look at Boohoo (BOO) shares which are failing on the back of reports in a paper founded on profits from the slave trade that suppliers in Leicester are using slave labour. Then I ask whether Luke Johnson or I am more sociable and what this means about folks stopping work from home. Then onto gold stocks in general: Hummingbird (HUM), Kefi (KEFI), Red Rock Resources (RRR), and Ariana (AAU). I look at Amigo (AMGO), Attis Oil (AOGL), and finally why today’s shocking Versarien (VRS) expose really could indicate a major scandal. Footnote:
Tim Martin is once again this website’s hero of the day. The JD Wetherspoon (JDW) boss reports that trade is improving despite continuing assaults by those who thing we should boycott his chain because of Tim’s support for Brexit, including MPs and the loathsome newspaper founded on slave trading profits, The Guardian, who all stoop to lying. His statement today is cracking stuff. The great man opines:
I start with a few words on The Guardian's obituary of Uncle Chris. I look at the deliberate spoof and placing at Mirriad (MIRI) answer your questions on Kefi (KEFI) look at the NEX lobster pot with its new owners and finally return to Anglo African Oil & Gas (AAOG) where a statement about THIS is needed ASAP
The big excitement today is the foiling of the plans of the Mrs to turn our cats into vegan, Guardian-reading, little darlings. I discuss that and the arrival of the tile polishing man at the Welsh hovel - photos HERE. Then I look at BCA Marketplace (BCA), Neil Woodford, Brave Bison (BBSN), Big Dish (DISH) and Dev Clever (DEV) as well as the general market frothiness.
I make no apology for saying sell and keep away from fully-listed Interserve (IRV) as we run up to tomorrow’s make-or-break shareholder vote. With rebel investor Coltrane holding just under 28% and planning to vote against, the risk to other shareholders is an immediate pre-pack administration which hands the whole outfit to lenders and shareholders get nothing.
ShareProphet's least favourite newspaper points out that digital-only news disrupters, which have raised billions of dollars in venture capital, have made around 2,000 staffers redundant this week. Those publication are names liek Buzzfeed, VICE, and Huffington Post.
The UK economy suffered a tumultuous 2018, and it proved to be a particularly rough year for holders long in UK-listed shares: the FTSE100 suffered its worst year in a decade, while the FTSE All Share slumped 13% over the course of the year. The turbulence we’re experiencing looks set to continue into 2019 as markets struggle with mounting uncertainty. As a result “tipping shares has never felt more hazardous”, but there are potential rewards; Joanne Hart (Daily Mail) notes that “UK shares are widely acknowledged to be undervalued, presenting clear opportunities across the market”. I should point out that Tom Winnifrith and others think Ms Hart is useless and clueless.
That is apart from being shit investments? I discuss this with the latest news from Sound Energy (SOU) today. I look at today's rally in a context of a bear market and offer a few other thoughts from Shipston where my father stiill lies in bed, reading lies in the Guardian. Habits die hard for public sector workers.
I see that The Guardian and others are blaming Brexit for a fall in UK house prices. But hang on! House prices are crashing in Oz and Canada and sliding at an ever faster rate in the USA. What's that got to do with Brexit. The housing bubble in China is popping - how can you blame that on Nigel Farage? I explain why lower house prices are a good thing and what is really going on in today's podcast.
Hello, Share Riders. My very recent 'northern offensive' to the Scandinavian countries and Russia has strengthened my happy suspicion that the world economy is forging ahead. And if the world’s GDP is growing, so will global share prices. And that surge will drag up British stocks, even if our own economic growth continues to be dire. TW Note: stop reading the fecking Guardian, the UK economy is still growing at a rate most European countries would envy. No more fake news please.
This week, I just wanted to run a little poll of which news outlets that you find most trustworthy. Not for City news: that'd be Shareprophets vs everyone else. But from which news websites do you trust their news stories?
Once again Tim Martin, the boss of JD Wetherspoon (JDW) is my hero of the day using the occasion of half year results to lay into big business and the lying liberal deadwood press for misleading us all about Brexit. The great man opines:
I am not at this point naming him or the Nomad (individual and firm) or the NED who turned a blind eye. But this is, as they say, developing. Elsewhere ahead of a visit to the dentist I discuss the joys of reading my Dad's Guardian, Frontera Resources (FRR), Realm Therapeutics (RLM), Hemogenyx (HEMO), and Draganfly (DRG).
The Guardian's coverage of the Paradise Papers has now turned to my old friend the Isle of Man based fugitive from Korean justice, Mr Jim Mellon. The Grauniad's coverage goes far but, sadly, its journalists fall for some slam dunk lies. This all concerns the Hoxton Pony,a fashionable bar in uber hip Shoreditch. I used to live round the corner and know it well.
Once again Tim Martin of JD Wetherspoon (JDW) is the hero of the day exposing the lies, for that is what they are, spouted by big business and the dishonest media on the subject of Brexit. Martin lets rip in his company's latest trading statement. A true hero writes:
Uber has lost its London license thanks to Transport For London (TFL), a move applauded by useless Mayor Sadiq Khan, The Guardian, the BBC and black cab drivers. But it is very bad news indeed for London and I explain why. It is symptomatic of a new era of economic madness as is Theresa May claiming giving £20 billion (it will be more) to the EU is a good deal and our useless PM also trying to satisfy the greed of lazy and overpaid public sector workers. Perhaps the biggest sign of this madness and wish for economic hari-kiri is Labour's plan to renationalise the utilities. It is utter madness but no one dares say so. We are heading faster and faster towards the precipice my friends.
We're four days into the reader supported ShareProphets and I'd rate it a stunning success. But what lessons are to be learnt are less clear.
Sometimes for routine incompetence but more normally for attempting to publish the sort of money tree worship inspired fake news that should be the preserve of the BBC and the Guardian, pizza hardman Darren Atwater gets fired at least once a week by ShareProphets. Naturally he is reinstated almost immediately. The winner of this week's BBM Contest gets to fire Darren next Monday by mail or in person. What a prize!
Like the AIM Market itself, there are aways an array of losers to choose from in the Bulletin Board Moron of the week. Well actualy (TW here) that is yet more fake news from Darren. It really is time to fire him again and so he can go make up stories with his fellow Trump hating money tree worshippers at The Guardian or the BBC. There were only two entries last week. Come on folks surely you can supply more this week? Tell you what i shall offer a prize. Anyhow last week's winner was:
When the Brexit remoaners paper of choice, The Guardian, suffers an internet glitch there is always the lamentable Independent which serves up a daily diet of fake news on all matters European. Yesterday we learned that Southern Salads, a Kent firm, had gone bust and 250 ex workers could thank Brexit for it all. Well that is the Indy line, except that it is palpably false. It is just made up news. Fake news at every level.
The City of London Corporation is unlike any other local authority. It is democratic in the loosest sense of the word. It is hugely rich and very powerful and, as such, it is rare that anyone in the Square Mile is stupid enough to stick his or her head above the parapet and ask what is going on. But today Andrew Monk of VSA Resources aks for trouble and writes...
Tim Martin is again our4 hero of the day, speaking out against the FCA,m the CBI, the Financial Times and other remoaners" who are trtying to dilute Brexit with disingeneous comment. On the occassion of a trading statement from his JD Wetherspoon (JDW) chain of ghastly plastic pubs, Martin has let rip. The great man states:
Here I am in Shipston with my father who enjoys bearcasts if they mention him so just for that reason I record again. His faux political correctness is exposed by the issue of coverage of women's cricket in The Guardian - the dreadful newspaper he has delivered to try to fool my family of public sector "working" lefties that he is one of them. In terms of the market I look at Carillion (CLLN) and 88 Energy (88E). Shares in both companies are collapsing today and I look at why and at what lessons folks should be learning. You could so easily have avoided losing money on both. Please note Malcolm Stacey and other Ocado (OCDO) bulls, lesson one on Carillion is for you. I also make it clear that while he may have some of the attributes of a Bulletin Board Moron as he showed HERE, Evil Knievil is not, in fact, a BBM, I was just joshing him when I suggested otherwise. En passant I look at MySquar (MYSQ) and explain why today's exposes HERE and HERE may refer to events a long time ago but are pertinent.
I bet the BBC News picks up on it and runs with it too. But its sister publication is quick out of the blocks...The Guardian today runs with a raft of misleading headlines and other fake news as is its wont but the one on Brexit driving EU workers abroad wins the prize. The left wing rag with plunging sales and spiralling losses states: "Almost half of highly skilled EU workers 'could leave UK within five years". The sub head is "Deloitte study finds 47% were considering leaving after Brexit, while overall one-third of non-British workers could leave". Right, okay but hang on what did the survey actually say and was it big enough to be statistically valid?
One of yesterday's macro calls from the bearcast HERE is already looking good with today's warning from Bovis (BVS) which I cover in detail. I also look at Avanti Communications (AVN), United Cacao (CHOC), Cloudtag (CTAG), Harvest Minerals (HMI) and at the latest disastrous news about Slater & Gordon (SGH). Happy Christmas Aussie poltroons: wa,wa,wa wa wipeout! The article about the loathsome Guardian I reference is HERE
Steve Moore has passed on the task of judging this contest since we had 96 entries including my own. As you can see HERE there were many splended suggestions as to what Cloudtag should rebrand its product as. But there can only be one winner of a golden ticket to the UK Investor Show incorporating a night at the Saracens cabaret.
The Guardian has reported that as of 2018 the NHS will offer free non invasive tests for Downs to all at risk women. This is great news for AIM listed Premaitha (NIPT) which is a leading provider of such tests. For it there is a clear financial gain but there is an ethical element here which as a shareholder but also a recent father causes me some issues.
These old folks they need mental exercise. Crosswords, jigsaws, Soduku, easy questions from their son. But my father fails on the how many days till Glenwick (GWIK) is suspended question. He says his mind is on higher things. Meanwhile I am still traumatised from being seen buying a copy of the Guardian for him. I look at Red Rock Resources (RRR), Glenwick, Leed Resources (LDP), Aquatic Foods (AFG) and China frauds, BoxHill (BOX) and naughty Lord Razzall - how is the bailout placing going your lordship? And I commend the recent work of Daniel Levi (Brokerman Dan) on Mkango Resources (MKA) where the old rogue is bang on the money. Mkango is truly worthless.
On 28th July Lloyds Bank (LLOY) published decent enough interim results, hiked its payout by 13%, and announced that it was closing an additional 200 branches and firing 3000 banksters by the end of 2017. Naturally the BBC led the media in blaming Brexit for the job losses even though that was not what Lloyds stated at all. This is quite remarkable spin and lies from the left wing press and BBC. I see that, in some quarters, Lloyds stands accused of using Brexit as an excuse for cost cutting, that is wholly unfair.
According to reports elsewhere in the deadwood press, the appalling left wing Guardian Newspaper is set to report a full year loss of £173 million. That is the good news. The bad news is that the Guardian it is years away from going bust.
I had to buy another Guardian for my Dad today. Two fecking quid of my money has gone to Polly fecking Toynbee to pay for the upkeep of her fecking Tuscan castle as she lectures me about all sorts of shite. I feel dirty for buying this rag and violated by the transfer of wealth from me to Toynbee. Moving on I cover Gulf Keystone (GKP), FairFX (FFX), Osirium Technologies (OSI) which I do not get at all and contrast with Falanx (FLX) which I do very much get and whose shares we own. I also look at WH Ireland (WHI), Servision (SEV) and Easyjet (EZJ) which gives me a chance to be rude to Andrew Monk at VSA Resources.
I had to buy a copy of the Guardian for Dad today and carry it home through the streets from the newsagent. How I am shamed in front of my neighbours. Meanwhile dad is reading books I own by Peter Hitchens, Niall Ferguson and Melanie Phillips and is loving them, as his inner reactionary is exposed. On the markets I look at Servision (SEV), Xtract Energy (XTR) - Steve Moore and Gary Newman you are FIRED! - Gulf Keystone (GKP), Taihua (FRAUD), Oxford Pharma (OXP), Judges Scientific (JDG) and another bad day for disgraced Roger "Ramper" Lawson of ShareSoc, Kennedy Ventures (KENV) and finally the poltroons stock of choice for today, Nyota (NYO).
The worst newspaper in the world in the truth and analysis department is the Guardian and its worst columnist is the loathsome haridan Polly Toynbee. Silly Polly has today caused the stockmarket to surge as I explain. I then move onto FastJet (FJET), Teathers Financial (TEA), Tern (TERN) & Nigel's dynamite expose today and an array of AIM crack whores: Servision (SEV), Eden Research (EDEN) and Cloudtag (CTAG). Warning: this podcast contains some very bad language.
Some of my wife's pals are such patronising bastards. They work in the public sector, read the fecking Guardian and are so fucking self righteous they can drive me up the wall as they let it be known that they just know what is good for the rest of us, we ignorant oiks. Today they sent my blood pressure soaring as I explain HERE. Then it is onto Glenwick (GWIK) and why the poltroons can't get their maths right and African Potash (AFPO) which is worth 0p. Finally a division with my daughter & her mother, Big Nose, looms, it is Wales vs Northern Ireland.
Hello Share Shovellers. It’s been some time since I featured a favourite company of mine, Burberry (BRBY), the makers of famous coats. But I am indebted to an article in the Guardian (TW Note: You read that rag, consider yourself on a disciplinary) for some more information on this outfitting outfit, which apparently has never before invited a journalist into its coat factories in Castleford and Keighley in West Yorkshire.
The token deluded lefty on this website, Comrade Malcolm Stacey is taking a well-earned break on a desert safari searching for the mythical money tree which he and his fellow lefties both worship and believe in. On day 1 we hear that Malcolm has been trying desperately to get hold of a copy of the Guardian Newspaper, can’t find it (the desert has some attractions) and blames Thatcher! In his absence we bring you a few words from his timeless classic, The Armchair Tycoon.
"If a certain high profile company goes bust will you be happy to have destroyed 2,000 jobs?" I am asked by a poster on ShareProphets. Clearly I am not happy if any job is lost (except, perhaps, that of Fat Sam Allardyce) but please understand that if a firm goes tits up it is not the fault of the bears.