2 days ago
Since the start of the scamdemic, John Lewis has shut 16 of its 50 stores. The other 34 face a terribly uncertain future with the company’s über woke chair Sharon White talking about moves into social housing and financial services as the existing operations lost £29 million in the six months to July 31. So how to ensure your corporate demise is even more rapid?
8 days ago
I start with the big oilers and I am sure Odey is right and the woke ESG obsessed fund management mainstream is wrong. Then onto Ed McdDermott and Seed Ventures (SEED) where I am a loyal shareholder but argue for a plan B
16 days ago
The Mrs was doing a seminar yesterday on data analysis. I doubt it was half as good as this classic from her husband given to the woke morons attending Bath Spa but she challenged their preconceptions on covid an a very entertaining way. Which profession has suffered most covid deaths per thousand? The students said nurses. The answer is, of course, security guards. Take back those pay rises for nurses whose average wage (more than £33,000) just a few years into the profession is already more than the UK national average wage. Anyhow back to our hero Tim Martin…
74 days ago
I make no accusation here against UK Oil & Gas (UKOG) and its boss Lyin’ Steve Sanderson. It is just that the recent timeline of disaster looks rather compressed to me. And given Lyin’ Steve’s form for er…lying, I have dropped the note, below, to the Oxymorons at AIM Regulation, cc’ing the woke dullards at the FCA since this relates to the conduct of an open offer.
91 days ago
This is pretty clear. Even the woke dullards at the FCA should be able to sort this out with one phone call demanding that Wildcat Petroleum (WCAT) produce its bank records from 30 December 2020 to 31 January 2021 or maybe later. I have sent the letter below.
97 days ago
Fleet Street Legend Brian Basham was once a director of Vast Resources (VAST) but resigned in disgust at what he saw as blatant corporate malfeasance. He has been urging the Oxymorons at AIM Regulation and the woke dullards at the FCA to act, so far, without success. His latest missive to the FCA has fallen into the hands of Winnileaks and makes accusations that surely demand a response. It is shocking and it is below.
123 days ago
It has always amazed me how the paper that purports to be the voice of business has, on so many issues taken a profoundly anti-business line. The FT told us to vote for Blair, to join the EMU and the Euro and to oppose Brexit. Natch it is all in favour of a radical green agenda even if it cripples business in the West. And it cannot get enough of the sort of ESG porn that the FCA also jerks off on every day. Today it bigs up a story about the FTSE Russell Index threatening 208 companies with expulsion. According to the FT:
128 days ago
The first time I contacted the FCA about these two boiler room scams was in November 2019. Natch the woke dullards were too busy jerking off on ESG porn to do anything and now about £35 million has been stolen. My coverage has been extensive as you can see HERE. But now it really is time that the FCA did something and put these frauds to the sword if only so that those who invested under EIS can get some of their cash back.
134 days ago
In today’s podcast, I start with a few thoughts on the finances of retirement, then the G7 tax ruling and what it means for the future of God’s chosen lands of Northern Ireland. And then there is the demise of Iconic (ICON): why I welcome it, what it tells us about investor behaviour and why it is yet another fail for the woke dullards at the FCA.
149 days ago
RSM has filed its joint administrators’ proposal dated 7 May 2021 at Companies House which effectively confirms that Buy 2 Let Cars Limited was a circa £50 million Ponzi scheme with new investors paying for existing investors’ interest and returns of capital. This is revealed on page 14 of its report which discloses that:
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