How many times have you used Deliveroo (ROO)? I cannot remember if it is once or twice for me, but I am not a big fan of the ‘British online food delivery company’. I am glad I have regarded the shares as a strong avoid too, because the (reduced) 390p IPO price earlier this year is embarrassing for the current 252p priced share.
Two bits of news from Woodford Patient Capital Trust suggest that Neil Woodford is on his way out – or at least believes he is. Firstly, the Board at WPCT intends to tout third-party managers which may or may not result in a change of manager. But secondly, Neil has been dumping his own shares in WPCT – apparently to meet personal financial obligations, including a tax liability. Given that he has trousered tens of millions of pounds from Woodford Investment Management (WIM) over the last few years, that sounds like utter hogwash to me.
Hat tip to reader Juicin for spotting this absolute gem of a comment from a Bulletin Board Moron on the LSE Asylum. Can you beat this scorcher? If so post your nominations in the comments section below. Any post from the LSE, ADVFN, iii asylums or twitter from April 1 2019 onwards is eligible. The most moronic post spotted will win a photo of Julie Meyer paying her tax bill (ho ho ho) for the spotter. The deadline for entry is midnight on Saturday 4th May. Get posting…
Although the thick slice of finest Stilton and large port had done something to stop his tummy rumbling, London's worst Nomad, Mr Roland "Fatty" Cornish still felt considerably ill at ease as he waddled up the stairs at his luxury Chiswick Mansion. Two visits from two ghosts already had set his mind racing. He tumbled into bed and did his best to get to sleep, trying to count spotted dicks jumping over the fence and heading towards him. But he was never a great man for numbers and after twelve he got a bit confused.
On Monday Cantor Fitzgerald announced that as of December 7 it would no longer act as Nomad for the AIM fraud African Potash. So Potash needs a new Nomad to sign off on its lies to enable it to commit securities fraud. But who will act for it? We polled you yesterday and while many of you thought that cometh the day there was only on go to Nomad for a fraud, more of you thought that no-one, not even Roland "Fatty" Cornish, was that desperate. But that potential tax issue may prompt an urgent need for cash and that may yet sway Fatty! The results of who you thought would act for the fraud Potash are: