I start with a couple of points of economics, covering disincentives to work for low paid folk, especially if divorced dads and also the epidemic sweeping the nation, the public sector variant. I flagged this up to Bath Spa students a few years ago, it is still true. Then, tying in to my 4th tip of the year out today, I move onto Bitcoin and also the smokescreen, being seen as ESG friendly provides but why it will unravel as the market gets nervous this year.
Not only a shit but a man who should be in jail.
Johnson Matthey (JMAT) has seen its share price take a bit of a hit in recent months and is now trading at a similar level to where it started the year, despite the world economy looking in better shape now than it did then.
Hello, Share Masters. It’s been a while since I’ve commended the National Grid (NG.). That’s because it’s one of those boring shares that don’t move very much. The share price just went up a bit though and I suspect that’s because of the imminence of the big climate conference coming to Glasgow.
If this rings any bells it should. Ben’s Creek Group PLC was only incorporated on 11 August 2021 with the “colourful” financier Adam Wilson of Daniel Stewart and Atlantic Carbon ( another US coal dog) infamy the driving force. Now it plans to raise £7 million valuing the shite within this company at £28 million. There is so much that I doubt Optiva and Allenby are telling mugs who are ponying up ahead of an AIM sewer listing in two weeks time.
Over at Powerhouse Energy (PHE), the chairman is branded a liar by a High Court Judge but because Tim Yeo is a Tory Toff he gets to keep his job. At Verditek (VDTK) – the company that repeatedly announces big contracts to ramp the shares ahead of a placing only for the contracts to evaporate once the mug punters have ponied up, the Tory Toff in charge is Lord David Willetts. Because the good Lord is just the sort of fine fellow to whom we should all doff our cap, normal AIM rules don’t apply.
Yet again I have been thanked by the regulator for exposing cooked PLC books. Not that this will stop BBMs from defaming me in all the usual ways but those who count know we matter. So I discuss Eden Research (EDEN) and KPMG. Then there is Peter Brailey’s amazing scoop. Ta Guido for the hat tip (not!) – I discuss Powerhouse Energy (PHE) and Tim Yeo the sleazebag ex Tory MP. Then I turn to Verditek (VDTK) as it misleads again c/o the AIM Shit of the year Richard “Gollum” Gill as his green ponzi bond deadline approaches. Finally there is the fraud Zoetic (ZOE) where my target price remains 0p after today’s dire admission. Add to your shorts.
I start with ITM Power (ITM) where I just don’t understand pipeline valuation and definitions and the valuation is absurd. But then green is where the zeitgeist is. Not coal which brings me onto the lies and reality at Plutus Powergen (PPG). I look at the fraud Supply@ME Capital (SYME) and Alien Metals (UFO) and the more general issue of related party deals after today’s expose on this website.
Some of us have pointed out for a good while that mining cryptocurrencies consumes enormous amounts of electricity and if you are into all of that global warming green shite, which I am not, then you should not be going near bitcoin. It seems that having ramped bitcoin and crypto, Elon Musk has finally noticed this too.
Hello Share Chums. It won’t surprise you to know I favour green shares. About a third of companies I feature in this modest column are set to take advantage of the alternative revolution. This old punter believes many share prices will rise strongly in this area.
One of the day’s biggest fallers in early trading is ITM Power (ITM), which was down some 20% before making a partial recovery as I type. Having followed this company’s progress over the last few years, the half year results in very many ways have simply confirmed the progress I expected. So why has the price fallen?
Even when I think a share has the potential to do well, sometimes I’m completely caught out by just how quickly its market cap increases, and that has certainly been the case with Powerhouse Energy (PHE), which has gone on to become one of my best ever tips.
I start with the issue of how we all delude ourselves about how bad bad news can be. My case study is Octagonal (OCT) and the scale of any likely punishment by the SEC. Then I ask whether we should all jump on board Malcolm Stacey’s green shite bandwagon and abandon any “dirty” old world plays? You see it is not as simple as the old guy claims. Do you remember when he was telling us all to buy Radio stocks back in 1927?
Hello Share Tackers. As my more talented colleague Chris Bailey sometimes says: companies doing boring things should not be excluded from our bargain hunts. They are often more successful than firms which do exciting stuff. Volex (VLX) is a company that makes wire. Prosaic, don’t you think?…
BP (BP.) is apparently going to become a tree hugging “green” Integrated Energy Company. It would appear to me that this is driven by the sole aim of being “politically” correct. I do not accept the premise upon which the new company strategy is based or far more importantly the detail of the implementation. So is Mr Looney true to his name or an enlightened visionary?
I believe it was Frank Zappa who once observed that ‘there is more stupidity than hydrogen in the universe, and it has a longer shelf life’. I seem to talk about stupidity a lot in my writings on various investments (mostly at a specific company level but – naturally – occasionally my own). Today, however, it is the turn of hydrogen. Like the complete investment geek sad-o that I am, I spent part of this weekend listening to Friday’s seminar by the FTSE 100’s Johnson Matthey (JMAT), a company I last loved up here , noting that their vision of ‘growth opportunities for our science-led strategy’ is a philosophy and profile that I can sign up for.
I have returned from a week’s holiday – only interrupted by sniggering at Tom Winnifrith’s view on an unmentioned share (Synarigen: SGN) as a new man. Apparently I am a “ramper” as I can see value in something that may change the political message on CV19 and hence has value. Tom so amused me as I always thought I was the “Victor Meldrew” of the investment world? Now I have always believed in burning many hydrocarbon molecules to propel myself forward at speed– especially in V8 petrol engine motors as often as I can. I have seen the light. I’m going to hug an electrified tree – but of course it’s all bollocks.
AFC Energy (AFC) is the debate of the day and I start with a few thoughts on the problems of valuation. I end with another zeitgeist theme - the self-entitlement of the public sector and where that leaves we wealth creators. In my case, it is thanking God that retirement is not that far away! In between, I ponder whether we will have a full blown banking crisis to dethrone folks like Alison Rose, the virtue signalling poltroon running NatWest, and other top banksters.
When it comes to new technology that is yet to become common place, being amongst the first to get involved doesn’t necessarily guarantee success, especially for early investors in smaller companies.
Hello, Share Choosers. At first, I balked at bringing today’s selection to your attention. That’s because I’m a green supporter and not keen on looking at companies selling a lot of paper. Not even Christmassy stuff like IG Design Group (IGR) does. But then I don't want to turn more Scrooge-like than I am...
I do have a little sympathy with the green brigade because if you think about the essence of economics, it is all about the efficient and sustainable use of factors of production. However, where even the financial world has gone mad is the rise and rise and rise of environmental, social and governance (ESG) investing, which has certainly overhung shares in sectors such as tobacco, energy and the automotive space globally. And do not even get me started on green activists who do not want to fly on planes or start families until climate change issues are 'sorted'.
I rather like Mr Allaun although as you know I am not heavily into this green malarky but the world is and thus I see the merit in the shares. Anyhow Keith can explain the Powerhouse Energy (PHE) story better than a climate change denier like myself so over to him.
So Carillion (CLLN) has gone tits up. You do rather feel for its 19,500 employees but as folks work out what happens next there is an orgy of recriminations. What lessons do you learn?
Forgive me for being cynical, but when a load of private investors who are known for taking part in placings suddenly start raving about how great a tiny AIM company is, then flipping the recent equity raise immediately springs to mind!