Sunday Long Reads: Liverpool's Data Success, Con who didn't die, Fake Meat, Brexit Party, Sewage Viruses
Mothercare – “refinancing, restructuring and reorganising… to ensure a sustainable future”. Is there?
Tom Winnifrith Bearcast: Why I think Malcolm Stacey is wrong on Bigdish & good riddance you mendacious old hag
Published 65 days ago
Neil Woodford has had another rotten week. Netscientific, which it seems he’s not going to fund any further, saw its holding in PDS listed on Nasdaq via a merger at $10 a share and the shares promptly headed south to close last night at just $7.65 – a drop of 23.5% which won’t help Netscientific keep the lights on much.
Published 121 days ago
In today's podcast I look at Frontera (FRR) and the latest ramblings of the disgraced whore blogger Malcolm Graham Wood, at Neil Woodford disaster Midatech (MTPH), at AIQ (AIQ), Flybe (FLYB), Tertiary Minerals (TYM), Tower Resources (TRP), and at Altona (ANR)
Published 121 days ago
AIM-listed Midatech (MTPH) is a cancer-busting company which uses its Q-Sphera technology which, according to Proative Investors, works in a different way to deliver the drug at the right time. Ah, so we have a disruptive cancer-buster…..step forward Neil Woodford, who backed the IPO back in 2014 (at 267p vs share price now just 3.4p!) and ponied up to support placings along the way. Oh dear. But it gets worse……although the PR comedy this morning makes up for it!
Published 122 days ago
A note from the celebrated Cynical Bear last night got me looking into one of the very first investments made by Neil Woodford for the Woodford Patient Capital Trust (WPCT) – that of AIM-listed Verseon (VSN). Dum dum-dy dum, dum dum-dy dum, you’ll see the Red Flags flying here……Surely this shows all that is wrong with Woodford!
Published 123 days ago
AIM-listed Eve Sleep (EVE) is another Neil Woodford disaster story – this time in the world of mattresses. Naturally, it is going to disrupt the world of bedding, a world obviously in need of revolution. Not!
Published 157 days ago
Woodford Patient Capital Trust (WPCT)or his flagship Equity Income Fund? It is hard to know where to start for we have disastrous news from both today. How close are we to end game for Neil Woodford, a man happy to be described as Britain's Buffett.
Published 171 days ago
After spunking millions backing companies wanting to change the laws of physics or disrupt the markets for wooden pallets, washing machines and drinking water a chance to revolutionise the world of mattresses was just too good to pass up on for Neil Woodford. So he backed the May 2017 IPO of Eve Sleep (EVE) at 100p heavily and as the share price sank he added to his holding taking it to 29.05%. Neil always knows better than the market….
Published 340 days ago
On 29 June last year Israeli tech-company Ethernity (ENET) joined the AIM Casino at 140p. Today the shares sit at just 30.5p after a profit warning and dire results yesterday. What’s not to like?
Published 600 days ago
I have to say I haven’t come across AIM-listed Midatech (MTPH) until now. However, with interims results just released perhaps I could get a handle on it. The problem is that the interim report has a few gaping holes in it, all of which leaves a strong sense of unease. The unease in increased when I note that the recent bailout placing (at a whopping 31% discount) showed up Woodford Investment Management as a major holder. Oh dear, not a good start….
Published 605 days ago
Even by the standards of the City's No 1 oil analyst Zac "The Knife" Phillips of SP Angel this morning's note was a savage and brutal attack. Think of a hunter bludgeoning a baby seal to death. The object of the Knife's ire is AIM disaster story Mayan Energy (MYN) and the great man writes:
Published 614 days ago
An eagle eyed reader flags up another matter relating to Neil "nomates" Woodford's next disaster, that is to say Purplebricks (PURP) which, in light of the latest shocking revelations today, is a zero in waiting as I explained HERE.
Published 622 days ago
Nomates Woodford trainwreck in waiting Purplebricks (PURP) has not officially warned the market that it will not meet forecasts. However have a butchers at these two charts from Bloomberg...
Published 716 days ago
Well I got this wrong and what a total fucking disaster the Election was. I am now taking bookings for those who want to emigrate and move in with the snakes at the Greek Hovel. In part 1 of this bearcast I look at what went wrong with my analysis and with the result and what happens next politically. Thank heavens for the good men of Ulster say I. But I am not sure how long Mrs May can last
Published 730 days ago
Oh dear, this has all the makings of another AIM disaster for my good friend the offshore based asset stripper Jim Mellon. But look on the bright side Jim, you have probably lost far more of your wealth with HK dog Regent Pacific, whose shares continue to tank in an alarming fashion. Anyhow, back to the home grown disaster stories. Shares in Billing Services (BILL) are down again today to 2.875p valuing this company at £8.1 million. that looks awfully generous.
Published 952 days ago
Firstly I want you all to go at least £10 more into debt or I am going on strike - see HERE. Secondly I give data on Government, Corporate and individual debt. This should be the stuff of nightmares and must end in disaster. And I do mean disaster.
Published 979 days ago
Just a bit of fun, unless you are moronic enough to own this AIM disaster story. Here is the one year chart for a well known stock on AIM. All you have to do is guess it. To give you a hint it is 90% of the way to reaching fundamental value.Post your entries in the comments section below. The first correct entry wins a signed Sheriff of AIM calling card.
Published 1069 days ago
AIM is now 21 and new, hard, data from Hargreaves Lansdown shows that, whatever the London Stock Exchange says, it has been a disaster. Over that time the AIM Index has fallen by 30%. By contrast - with dividends included - the FTSE Small Cap Index is up by 220%. Ouch.
Published 1071 days ago
Hats off to veteran journalist Tim Blackstone who called Circassia (CIR) as a short with a £900 million market cap on January 16 this year HERE. Today the shares have crashed by 64% to 98.5p giving it a market cap of just £261 million. Tim Blackstone dared to go up against Neil Woodford with this call as he is the largest shareholder. It looks like another biotech disaster for Woodie.
Published 1084 days ago
Our Bothan spies have again risked life and liberty to bring hot news from the Evil Empire to rebel outposts in Clerkenwell and Greece. It appears that all is not well at the Death Star. Having promised that it had "sold" 10,000 tickets to its Master Investor conference - though the venue had a capacity of fewer than 3,000 - our spies brought you photos of plenty of empty seats. Following on from that horrendeous PR and trading disaster, we now hear that freelance stormtroopers have been told they are to get pay cuts of up to 60%. Ouch. We guess that will mean only 12 pieces of silver for some folk.
Published 1270 days ago
Oh dear, poor little market abuser Chris Oil - it seems that the AIM listing of his latest disaster Mkango Resources is running into a spot of bother. I pointed out here that without a fund raise the company would be BUST as soon as it listed. It seems that the news is now getting worse.
Published 1301 days ago
Over the weekend there was a concerted effort across social media to con private investors into believing that there was a stock shortage for this morning’s Lenigas Cuba (CUBA) IPO. This morning I’ve triple confirmed from various City sources that these rumours are false. There is no shortage in Lenigas Cuba stock for sale, as evidenced by the company’s disastrous market debut. If you want to fight the tidal wave of sellers you can fill your boots with Lenigas Cuba stock. The stock flippers are having a very bad day in the market, despite their best efforts to manipulate it.
Published 1304 days ago
The Lenigas Cuba IPO is going to be a car crash on Monday. We know that a number of the 2p flippers want out on day one and it will be beer and popcorn time as they struggle to sell on the illiquid ISDX tertiary market. But fat Aussie Share Ramper David "I just love the smell of newly issued confetti in the morning" Lenigas is going down fighting and has upped the twitter abuse after I flagged up this looming disaster HERE. Big Dave tweets:
Published 1489 days ago
I am off shortly to the London Stock Exchange AGM and events today show why AIM is such a joke of a casino. I refer to statements by Mosman, the er..lies of New World Oil & Gas and the total farce over Horse Hill. I give you full details of the next Dave Lenigas IPO and where to apply, not that I shall be doing so I stress. I cover the latest disaster to hit my good friend JimMellon, this time it is at Webis. and what the Benchmark and Hardide profits warnings tell us about wider equity valuations.