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New Bulletin Board Moron of the Week contest - sponsored by Nyota Minerals, motto: "We don't need no stinking cash, assets, or Nomad"
Tom Winnifrith Bonus Bearcast: Uber loses London licence, a dark day for the Capital in a time of economic insanity
Published 63 days ago
Over the past few weeks we have published a string of letters sent by a significant shareholder in AIM listed Norfolk Mercantile Ports & Logistics (MPL) to its Nomad Cenkos so that when Mercantile runs out of other people's money as it surely will, the shamed former adviser on the Quindell (QPP) fraud cannot say that "it did not know." Its role is on the record as you can see in our full coverage HERE. Now that same shareholder has written to Daniel Slater, the analyst at co broker Arden Partners responsible for - arguably - the worst research note of 2017.
Published 68 days ago
The house broker on AIM earns its money not from investors but from corporates. It banks £2-4,000 a month as a retainer and then makes 5% commission on any funds it raises. Lovely jubbly, coke and hookers all round. Of course that makes its research less than impartial. Prostitutes do not tell their clients that they have a small dick and so you would not expect Arden Partners to conclude that shares in Mercantile Ports & Logistics (MPL) are worthless crap, which they are. Welcome to a strong contender for the worst research note of the year to date.
Published 154 days ago
I understand that just as I was publishing yesterday's bombshell on Mercantile Ports & Logistics (MPL) the company was having a phone conference call with the mugs who are invested in an attempt to drum up more support with promises of jam tomorrow. Sorry to rain on your parade chaps. Yesterday's expose should make any sane person run for the hills, but here are a few other matters to consider.
Published 429 days ago
Having warned on profit in February – as reviewed HERE, today there is an AGM update and a “Directorate Change” announcement from industrial chains and related power transmission products company Renold (RNO). Let’s take a look…
Published 590 days ago
A “Trading Update” from manufacturer of industrial chains and related power transmission products used in a variety of industries including manufacturing, transportation, energy, steel and mining, Renold plc (RNO) sees the shares currently down more than 25% to 32p. Another case of “Trading Update” = Profit Warning then…
Published 653 days ago
We've covered AIM-listed Greka Drilling (GDL) before for spinning news (see HERE) and today we have a masterpiece in the dark arts of PR. Whilst what is stated in today's RNS is not untrue, it hardly tells the whole story.
Published 933 days ago
On 20th November Quindell (QPP) denied that it was actively seeking to sell its 24% stake in Nationwide Accident Repair (NARS). Market sources tell me that Arden Partners has today placed out the stock.
Published 941 days ago
Audioboom Group (BOOM) – which describes itself as “the leading spoken-word audio on-demand mobile platform” - has announced results for an 11 month period ended 30th November 2014. Does “a period of continued growth in its active userbase and content partners” suggest long-term investment promise or is this another over-hyped social media play?
Published 1104 days ago
This is the second time we have made this or tip of the week. First time around was at 15.75p but the sods round at Arden then organised a placing which rather kyboshed sentiment, However…
Published 1148 days ago
Another day and yet another profits warning from AIM listed specialist engineering group Redhall (RHL). This is a zombie company in that from an investor’s point of view it is just dead money. But it supports an army of crony capitalists, directors and various City parasites.
Published 1172 days ago
Mirada (MIRA) has announced 28 million new shares have been conditionally placed at 12.5p each to raise a gross £3.5 million (net £3.3 million). We are angry about certain matters but the shares are cheap.