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 19 days ago
Oh dear, oh dearie me. Woodford dog Thin Film of the Oslo Bors province (THIN) has reported its full year numbers to December 2018. We knew they would be bad – there was a strategic review post-period – but it looks as though a trip to the corporate undertakers could be on the cards unless the company can get a fundraising away, and with Neil Woodford out of cash that’s going to be a big ask. Even if it does, unless Woodford stands his corner he could be diluted away into oblivion.
Published 20 days ago
Woodford dog Mereo Biopharma, with its “value-enhancing” (according to 31% holder Neil Woodford) merger with Nasdaq’s Oncomed all delivered, has continued to slide: the shares, having been 325p at IPO on AIM in 2016 and having been over 160p up until completion of the merger have now collapsed to just 81p.
Published 26 days ago
Oh dear oh dear oh dear. I commented at the weekend HERE that AIM- and now Nasdaq-listed Mereo Biopharma (AIM: MPH, Nasdaq: MREO) has FY18 results due this Monday, following Mereo’s merger with Oncomed on Nasdaq. Duly reported, how’s that extended cash runway doing?
Published 29 days ago
Mereo Biopharma (MPH) is a typical Woodford dog: until a few days ago Neil had just shy of 42% of the equity in this cash-guzzling enterprise, which joined the AIM Casino back in June 2016 with a valuation of £142 million and a lofty share price of 325p, having raised £14.8 million, plus a convertible loan note worth another three million.
Published 31 days ago
AIM-listed Woodford dog Netscientific (NSCI) has announced the departure of its CEO, Francois Martelet as from 30 April 2019 – just a few day’s time – in order to assist the Company in reducing its central costs and pursue other career opportunities. Well I daresay not having to pay his salary, bonuses and medical insurance will help a little with the company’s forthcoming cashflow difficulties, but if he is departing to help the company why is this all in accordance with the terms of his service agreement?
Published 65 days ago
I still see the occasional after-hours RNS which, were I a shareholder in the company concerned, would make my blood boil. Yesterday a release from AIM-listed Woodford Dog Netscientific (NSCI) at 4.42pm on a Friday evening ticked all the boxes.
Published 71 days ago
I start with a recount of what is my longest training walk yet as I build up to the 33 mile Rogue Bloggers for Woodlarks stroll on May 25. As you think of me wading through mud and dog pooh, gosh I loathe selfish dog owners, please make a donation to this great cause HERE. Then I look at Interserve (IRV) and dumb bleaters and at Metals Exploration (MTL), Tim Blackstone's fave hound, and why its latest bombshell surely calls for a change in the AIM casino rules when it comes to Nomad Resignations.
Published 73 days ago
NetScientific (NSCI), the AIM casino listed investment dog backed by Neil Woodford, says that it notes its recent share price movement and confirms that it is not aware of any reason for such movement. It then goes onto to try and spoof any mug punters still reading..
Published 78 days ago
Last year, as AIM-listed pallet revolutionising Woodford Dog RM2 (RM2) ran out of cash yet again (before good old Uncle Neil, armed with other people’s money rode to the temporary rescue, yet again) the company issued regular updates on its financial position. No doubt Neil was pleased, as the company eked out a few more weeks from the remaining cash. The last we heard from RM2 on its cash position was back on 23 November 2018 when we were told that following yet another placing (backed by Neil, with other people’s money) it had enough cash to last until April. We’ve heard nothing since….
Published 109 days ago
Halosource (HAL) was the company Neil Woodford backed heavily to disrupt the world of drinking water. Whatever…
Published 113 days ago
In today's podcast after discussing late night sex in Clerkenwell, I discuss the history of Daniel Stewart (DAN) and how pride, real pride, came before its fall and the lessons one can learn. I look at Neil Woodford dog Utilitywise (UTW) and i look at the newspaper industry and the £10 million loss making Evening Standard and the reasons that its wanker journalists may today claim credit for other folks work but tomorrow they will have to #learntocode in order to put bread on the table.
Published 117 days ago
Noting that one of Neil Woodford’s earliest investments for Woodford Patient Capital Trust (WPCT), Verseon (VSN) – trading on AIM but a US biotech outfit in the disruptive space (natch) – appears to be headed for trouble I commented that at least the company has the services of the good Xavier Rolet (yes, the former LSE boss!) on the board. So all’s well! Well, it was until this morning! Oh dear….
Published 142 days ago
In today's bearcast I have a hot rumour about Neil Woodford and I look at a moron called Craig who owns shares in Independent Oil & Gas (IOG) and is a classic moron. I look at that company at Circassia (CIR) - a Woodford dog - and at Gear4Music (G4M). Tomorrow I take my family and my son Joshua's godfather Lucian Miers to the London Stadium to see mighty West Ham in the cup so I'm not sure when Saturday copy will arrive.
Published 154 days ago
AIM-listed and permanently on the edge of insolvency RM2 (RM2) has announced some good news. Well, sort of: the executioner is still booked, but at least the taxman is off its back.
Published 167 days ago
I had far too much to drink last night. But it really was not my fault. Thus as I travel across Greece today and back to Bristol I feel a bit worse for wear. In this podcast I comment on Hollywood Bowl (BOWL) in light of yesterday's corrupt journalism bearcast. I look at Andalas (ADL) forced to make a belated statement by this website's expose on Saturday HERE. I cover Big Sofa (BST) and LB Shell (LBP) another AIM Casino dog whose sole purpose was to support the lifestyles of crony capitalists.
Published 180 days ago
Another day, another Woodford disaster story hits the headlines – this time in the form of AIM-listed Xeros Technology (XSG), which Cynical Bear had postulated would be this year’s RM2 disaster. Well, it’s run out of money again and guess who’s footing the bill (with other people’s money)?
Published 184 days ago
In today's bearcast I explian where I was yesterday afternoon with Joshua. Roaarrrr! Then I look at Condor Gold (CNR), Galantas (GAL), Amur (DOG), Flybe (FLYB), Asiamet (ARS), the spoofing by the loathsome & always wrong CBI and at Frontera Resources (FRR) and why it could be a zero within days.
Published 192 days ago
SVS Securities did a bailout placing for the fraud MySquar (MYSQ) days before its downfall, knowing full well that the company was a wrong ‘un. That had to be reversed PDQ as it emerged that the ex CEO had half inched almost a million quid.. Suffice to say it will act for almost anyone and its reputation is of being a thoroughly low grade and morally bankrupt operation. So when it quits an account to protect its reputation you know that the company in question is toxic. Welcome to long time uber dog Tomco (TOM)
Published 192 days ago
In today's bearcast I clarify why I believe Mrs May's Brexit deal sucks and should be binned. But what happens next? I outline a few possibilities but admit I have not got a scoobie. I then look at Neil Woodford dog Eve Sleep (EVE) and again at UK Oil & Gas (UKOG) after today's disastrous news.
Published 195 days ago
In today's podcast I look at Babcock (BAB), which is not a fraud, and the fraud Globo (GBO) and the use of the word "refute". I also cover Johnston Press (JPR), RM2 (RM2) - another Neil Woodford dog - Haydale (HAYD) which looks increasing;y like a zero, Online Blockchain (OBC) and Amur Minerals (AMC)
Published 233 days ago
Our Winnileaks Matt Earl special on First Derivatives (FDP) has set the cat amongst the pigeons. But I have bad news for the men from God's chosen lands of Ulster who run First. I have more and hope to air soon. Ho ho ho. Get the ouzo and ice ready. In this podcast I also cover spoofing at BlueJay (JAY), Fastjet (FJET), Frontera (FRR), the scandal at Indigovision (IND) which is enough to have us all voting for Jeremy Corbyn, Mayan (MYN) and, in some detail, Condor Gold (CNR), the gold dog which has sent so much of the cash of my good pal Jim Mellon to money heaven. I fear Jim will have to get his wallet out again soon.
Published 249 days ago
I have had one of those days which happen all too often when I think I want to retire. Blame Laurence Smith. All is explained in this podcast. I look at today's news from Premaitha (NIPT) which is certainly a bolt from the blue, comment on the nature of corporate lying, ref Frontera (FRR), cover RM2 (RM2), Optibiotix (OPTI), Sosandar (SOS) and Online Blockchain (DOG).
Published 250 days ago
Shares in Neil Woodford uber dog RM2 (RM2) are up by 59% at 0.875p. That means that the market cap has jumped by £14.4 million to £38.8 million on the back of a contract win termed “significant” but which clearly is not and does not change the fact that this company is five minutes away from midnight, that is to say bankruptcy. It’s got to be placing ahoy.
Published 256 days ago
No doubt Cynical Bear who has called Xeros Technology (XSG) superbly, as a sell, will be a smug fellow tomorrow as this Neil Woodford Dog announces its interim results. The share price action is telling you that folks already know the worst – shareholders have to bail it out again or it will be going down well before the Christmas decorations go up.
Published 256 days ago
My long term bearishness about TrakM8 (TRAK) a company that issues misleading RNS’s, makes ludicrous acquisitions as it racks up its debts and never translates profits (a matter of opinion) into cash (a matter of fact, unless you are an AIM China fraud) is well documented here. Of course, Thirsty Paul Scott had cosy chats with the management and knew better than a "nutcase of the first order". Today the shares have tanked to a new multi year low after another dire statement.
Published 304 days ago
Thank you, thank you. we have reached our £20,000 target for Woodlarks. In fact Luke Johnson has just pledged £1,000 so we are now well over £21,000 but if we reach £25,000 Brokerman Dan will undress for you. More on that in the podcast but please donate, if you have not already, HERE. Elsewhere I look at Facebook (FB) and Robber Barons of the nineteenth century, at Imaginatik (IMTK) and Vin Murria, the Queen of Tech, at Range Resources (RRL) and at RM2 (RM") a Neil Woodford dog where I reckon cash is already looking tight, again!
Published 327 days ago
Say what you like about Richard Jennings of Align Research but, though he has his faults, he has made a very generous donation to the Woodlarks walk campaign and we are now 53% of the way to target. See just how generous and perhaps spare a tenner, as you consider my training walk in today's stifling heat, HERE. In the podcast I look at Great Western Mining (GWMO), Andalas (DOG), MySquar (FRAUD), IQE (IQE), Westminster Group (WSG) - run by loathsome slug and ex Tory MP Tony Baldry - and TrakM8 (TRAK).
Published 332 days ago
I suggested yesterday that things were looking up for Neil Woodford but we can all relax again as matters return to normal with disaster looming around every corner for the star fund manager as Itaconix (ITX) has suspended its shares this morning pending a potential fund raise.
Published 334 days ago
The mistake in yesterday's podcast was on Telit (TCM). In fact it is even worse than I thought! The good news is that sponsorship of the walk I'm doing with Brokerman Dan for Woodlarks has now topped £9,000. I explain here why this walk makes the difference between Woodlarks having to cut services or carry on, please do give a tenner today. This afternoon sees Joshua and I on another training walk, my second in two days. Think of my pain and COUGH UP HERE. In a long bearcast I predict that, after today's shocking news, FastJet (FJET) will be sold for £1 and explain why. I look at Havelock Europa (HVE), 88 Energy (88E), Lyin' Steve Sanderson's UK Oil & Gas (UKOG), Frontera (FRR), Andalas (DOG), Mysquar (FRAUD) and Audioboom (BOOM).
Published 363 days ago
On Saturday Cynical Bear asked if the Mereo Pharma (MPH) offer at 300p via Primary Bid was its worst ever? The answer, notwithstanding stiff competition from uber dogs such as Toople (ROOP) was clearly YES!. And the placing has flopped. Living in la la land Mereo says it was "successful". Like fuck it was. You lie Mereo!
Published 395 days ago
Oh dear it is another bad day at the office for Neil Woodford. First up I answer the question posed by Cynical about the great man HERE. Then I look at the disasters one of which told a monstrous lie in its RNS today: Mereo BioPharma (MPH), Mirriad (MIRI) and Hvivo (DOG). Then I look at Concepta (CPT), shares in which we own, Nighthawk (HAWK) and its dead cat bounce and finally at uber ramp Sound Energy (SOU) and what a CPR based on 2D seismic really means, i.e. Jack shit.
Published 453 days ago
I have a stinking migraine and am very tired after a sleepless night so this podcast rattles through Provident Financial (PFG), Milestone (MSG), Feedback (FDBK), Amur Minerals (AMC) and, in depth, Arian Silver (DOG).
Published 457 days ago
Oddly enough Britain's most conceited fund manager Neil Woodford has yet to agree to appear at UK Investor Show to answer some simple questions from me. What is he frightened of? I will have to go ahead with the session without him but I hope that he does not bleat on about how he had no right of reply! Anyhow, I discuss my futurology piece of yesterday and how it should be viewed if you are, like Nomates Neil, a big holder of auto related stocks. I cover BCA Marketplace (BCA), The AA (AA.) and Northgate (NTG) in this section. I also look, en passant, at another Woodford dog RM2 (RM2). Then I cover Milestone (TOAST) and finally pick up on the most excellent post on the comments section of this site by Drunken Sailor on POS Andalas (ADL)
Published 473 days ago
I start with why this bearcast is late. I got back very late from London where I was watching my daughter play Harold Wilson in Made in Dagenham and she was brilliant. So too was the musical. Well done Olaf although you are wrong about the gender pay gap! I look at the market bounce and the shit that is leading it. I look in real detail at the trading statement at Reach4Entertainment (R4E) where I am a shareholder, at Woodford dog RM2 (RM2) which is going on a one way trip to the vets in a fortnight and also at Woodford Patient Capital Trust (WPCT). Post bearcast it announced its NAV at 85.93p which means gearing must surely be through the 20% barrier. I also look at Optibiotix (OPTI) and the warrant exercise issue.
Published 482 days ago
Yes indeed it is THAT Bruno Brooks, the one who was shagging Anthea Turner, etc, etc. who runs AIM uber dog Immedia (IME). I explain why its RNS today is the biggest F*ck of all. I also explain why no article on Julie Meyer today - I've been too busy cooking and serving poisonous pizza NOT! Then I look at Defenx (DFX) in some detail before having a butchers at another Neil Woodford dog Utilitywise (UTW).
Published 482 days ago
Surely this is putting the cart before the horse. On 13 December long term,, AIM uber dog Strat Aero (AERO) launched an open offer to raise up to £510,000 at 0.035p ( to complement a £590,000 placing at the same amount. The offer was 81% taken up. Today came the bad news...
Published 488 days ago
I start with today's personal triumph on Quindell (QPP). And it is a real personal triumph for me, not that the deadwood press or my critics will recognise that. I then cover Milestone (MSG) - Ho Ho Ho - Pets At Home (PETS), Joshua's fave store, N Brown (BWNG), Worldwide Blockchain (BLOC) and Velocity (VEL) another dog from the FinnCap kennel.
Published 531 days ago
Yes I have spent much of the morning in conversation with folks in the City of my birth. I do have an Oxford degree - does Larry Cummins of Milestone (MSG)? The questions mount, the shares are tumbling - I explain whay happens next. I look at the latest bullshit from holocaust denying fraudsters MySquar (MYSQ), comment on the pointless ramp of boiler room dog Inspirit(INSP) on UK Oil & Gas (UKOG) and on Anglo African Oil (AAOG) and finally have a few words on a stock we own, Sosandar (SOS).
Published 539 days ago
I start with a look at whether some current assets are really current assets, taking my inspiration from my earlier analysis of Jim Mellon's flagship dog Regent Pacific. I explain why getting this right is so important in endeavouring proper company analysis. Then it is onto Friday's market sell off caused by what even ABC now admits was 100% fake news about Donald Trump. I look at the tax plans of POTUS which are inspirational and compare them with the rhetoric coming out of Jeremy Corbyn's Labour Party. I increasingly think Corbyn will win the next election and explain why that would be such a disaster. Tomorrow there may be no bearcast as I am travelling but I plan to do a double video share tip for paying subscribers only
Published 540 days ago
The publicity hungry, failing, fund manager Neil Woodford is all over the papers. On the markets he's right ( and bearish) but when discussing his own (failing) funds he is talking utter bollocks and I explain why. Brokerman Dan (Levi) has formed a shareholder action group on Ascent Resources (AST). I discuss his case against them and make a few suggestions to the company. I comment on R4E (R4E) on the disgraceful behaviour of Pathfinder Minerals (PFP), look at RM2 (RM2) and then finally at Sabien (SNT) which look either to be on the brink of a last gasp fundraise ( at a more than 99% discount to the IPO price) or of insolvency. In the same breath I mention Inspirit (INSP), another AIM boiler room dog that should be shot.
Published 549 days ago
Apologies for the lack of a bearcast yesterday, I was just feeling tired and hacked off with the world of work. So you can have two today. I start with a look at the markets covering Greka Drilling (GDL) and related party dog Green Dragon (GDG). Then it is onto Mothercare (MTC), BCA Marketplace (BCA), On Line (ONL) and finally in some detail Westminster Group (WSG) where I wonder if the curse of Tony Baldry is about to strike.
Published 569 days ago
No I really want to be sick. The day started so well with Joshua, myself and more fit young mums making a paper image of Colin the Dog. But then I just got sick so hence the lack of content from me today. After this podcast goes up it is back to bed. On bear cast today a demolition of minus 99.5% lifestyle company Arian Silver (AGQ), 13 Energy (i3E), today's spoof from Magnolia (MAGP), a "fucked if I know" response from me on R4E (R4E) - a share we own - and a look at today's dire news from one of Jim Mellon's many AIM dogs FastForward (FFWD).
Published 583 days ago
Roger Lawson of ShareSoc bought a few shares in Rosslyn Data (RDT) as a recovery punt in a placing. That he was able to get EIS relief added to the attraction although I still worry he will lose money on this company which I have highlighted many times (HERE) as a howling dog even by the standards of AIM. Lawson attended the AGM yesterday and reports back on what appears to have been a curate's egg in his mind. I think he is being well generous.
Published 586 days ago
Natch the AIM listed uber dog Sabien (SNT) never got around to mentioning it but, like Purplebricks (PURP) today, it was censured by the Advertising Standards Agency, ASA, back in January 2013. Good companies just do not need to mislead clients.
Published 591 days ago
Nigel Somerville raises a red flag about AIM uber dog Milestone (MSG) HERE but is too nice a guy to point oiut just how worthless and overvalued this crock is. I am not so nice.
Published 593 days ago
Some companies are so transparent. I look at the RNS from Savannah Resources (SAV), do the maths and predict a placing within weeks. I then crow about one I called earlier, Applied Graphene Materials (AGM). Then it is onto Interquest (ITQ) which is back on the AIM casino thanks to Nomad Allenby, a firm that I take to task for being morally bankrupt. I look at Johnston Press (JPR) which is nothing to do with Luke Johnson who is also mentioned. I then look at Advanced Oncotherapy (AVO) and i3 Energy (i3E) as well as the dog Haydale (HAYD)
Published 620 days ago
This may be the last bearcast you listen to. I hope not. To ensure you can listen to tommorrow's podcast and read two belting exclusives for just £5.99 sign up HERE. Today cover in detail sheer pointlessness of Starvest (SVE) & Torotrak (TRK). Both need to do placings both should, like flea bitten ageing hounds in pain, go on a one way trip to the vet. Once again I apologise to my old friend the offshore based asset stripper Jim Mellon for intruding on private grief as I look at another dog he has backed, Billing Services (BILL)
Published 621 days ago
Deborah White should have been fired as boss of AIM uber-dog Milestone (MSG) so many times. The company has been a serial non deliverer, shareholders have lost nearly everything and Debs has made out like a squealer being amply rewarded for her abject failure. Then last Autumn was the crime that should have seen her go to jail
Published 628 days ago
The City's number one oil analyst Zac "the knife" Phillips of SP Angel has this morning torn into much ramped AIM dog Frontera Resources (FRR). I think you can take it that what the Knife means is BARGEPOLE!. Over to the great man:
Published 630 days ago
Social Justice campaigners SumofUs have taken on mining giants before and, as Newmont discovered, won. Now the campaigners want perennially cash strapped AIM dog mining minnow Condor Gold (CNR), which is backed by my old friend Jim Mellon, stopped from abusing and bullying Nicaraguan peasants as it tries to develop the low grade La India mine. 64,467 folks (including me, sorry Jim) have already signed the petition. SumofUs does not hold back in its critique...
Published 630 days ago
The only real question at AIM Casino uber dog Andalas Energy (ADL) is who exactly is the devil? On the one hand there is the incumbent board led by disgraced Dave Whitby and on the other hand you have a shareholder action group set up by the colourful Brokerman Dan (Levi). In the old days of the Troubles those prisoners in Northern Ireland who were not operating alongside fellows such as the blood stained murdering bastard Gerry Adams, were referred to as "ordinary decent criminals" or ODCs.
Published 656 days ago
Credit where credit is due. Andalas Energy (ADL) the AIM dog created to fund the lifestyle of Dave "Rule Breaker" Whitby has announced that it has signed a legally binding deal to develop the Jambi-1 30+MW independent gas-fired wellhead power facility in Jambi Province, Indonesia and to procure gas from Pertamina, the global fortune 500 national oil company. Andalas will have a 49% stake in the project and state owned construction outfit PT PP Energy will have 51%. So far so good but hang on Henry!
Published 658 days ago
Peterhouse Corporate Finance, Mr Greg Colliar, crap Nomad Northland, Mr William Vandyk are you sitting comfortably? You sure? Now read on for yet another horror story emerging from the AIM casino....
Published 662 days ago
The sad tale of Mkango Resources (MKA) , the TSX dog listed on the AIM Casino by SP Angel in June 2016 continues but for how much longer? The grim reaper is polishing his scythe and CEO William Dawes better start brushing up on the rules of battleship if he is to avoid what seems an inevitable fate. It all started so well. Mkango was insolvent and so SP Angel raised it some cash about eight months behind schedule and listed it to great fanfare.
Published 663 days ago
Oh dear, oh dear, it seems as if my old friend Jim Mellon had a bad day at the office on Friday. Hat tip to a reader who has just alerted me to a quite diabolical (lack of) profits warning from Regent Pacific which has many British shareholders thanks to its all share rescue takeover of AIM dog Plethora (PLE).
Published 699 days ago
Another day and another director walks, a new strategy is adopted and yet more confetti is issued by AIM casino uber dog Mayan Energy (MYN), formally the hound known as Northcote Energy. But this latest move just makes no sense at all. Let me explain with a little bit of help from a friend....
Published 790 days ago
It has arrived! My £52 costs and 32p investment in one share in AIM dog Advanced Oncotherapy (AVO) is not money wasted.
Published 803 days ago
Those who read Sherlock Holmes will understand the title. In this podcast I mention Islington in EU and a chat with Chris Booker - more on that HERE. I look at Blancco Technology (BLTG), Sabien (SNT), Quadrise (QFI), Prairie Minerals (PDZ) and Lionsgold (LION).
Published 810 days ago
If you object to bad language do not listen. The madness and corruption of AIM, the willingness of the crony capitalists to deceive investors to get away another placing just got to me. In today's podcast I cover Blur (BLUR) - but would commend young Steve's coverage which is superb HERE, FastForward (FFWD) - the Jim Mellon spoof - Advanced Oncotherapy (DOG), Independent Resources (IRG), Amur Minerals (AMC), Sunrise Resources (SRES) and Zenith Energy (ZEN).
Published 812 days ago
Poster child for the dogs on AIM heading for zero is Avanti Communications (AVN) which plumbed new lows this week with a dreadful H1 statement. For a supposedly maturing business to have interest expenses more than turnover is astounding. This is a product of its recent insane more-debt-for-debt swap.
Published 812 days ago
When AIM uber dog Advanced Oncotherapy (AVO) announced that instead of going for non dilutive funding ( as no-one would provide it) it was being forced to resort to a dreadful £13 million death spiral from loan sharks Bracknor, its shares were 65p. When the death spiral started the shares were 58p. Now it just £100,000 of the death spiral loan notes on the first £1.3 million tranche converted, the shares are just 43p to sell. Bracknor now has three reasons to panic.
Published 814 days ago
This morning, after a series of profits warnings, AIM uber dog TrakM8 (TRAK) has announced that there is a bookbuild underway on a £1.66 million bailout placing at just 65p. The shares are now 67p bid so you'd be a moron to participate but conversations are being had between institutional morons and hapless broker FinnCap right now, not withstanding the fact that today's statement lays bare the Nov 28 interim statement as 100% misleading.
Published 818 days ago
Dog Andalas Energy (ADL) was readmitted to the AIM Casino based on the back of the Tuba Obi East Farm In as described in its AIM admission document of 27 April 2016:
Published 819 days ago
If you had raised £10 million for the AIM dog Advanced Oncotherapy (AVO) less than 5 months ago at 100p then your stance on the stock - at 54p-58p- would be some sort of buy. Oh no. broker Beaufort who did indeed raise that cash has today downgraded its stance to, what may be termed a corporate "hold" (i.e. sell) and makes it clear that the shares will fall allowing lower entry points. I should cocoa. Beaufort today opines after the Bracknor death spiral announcement of Friday - the underlines are mine:
Published 824 days ago
The battle between good and evil continues as suspended AIM dog Management Resource Solutions (MRS). You may remember that there is a meeting on Friday to oust certain directors but the board, acting like democracy despising a'holes, found a pretext to stop shareholders voting in new guys.
Published 833 days ago
Oh dear the curse of ShareProphets today falls on Pirate Pete Landau, formerly boss of AIM dog Range Resources (RRL) and several other stockmarket hounds and a man who sent me a string of lawyer's letters because he did not like my investigative journalism. I now have an official document where the Pirate stands accused of theft, fraud and forgery, of half inching more than $2 million and much else. The victim is Citation Resources, an ASX company linked to Range and now in administration.
Published 843 days ago
In a recent review of the 100 most influential businessmen on Australia's Gold Coast, the chairman of AIM dog Management Resource Solutions (MRS) came in at 95. His lists his CV below. He is happy to boast about Beacon Hill Resources (BHR) which he steered onto the rocks while overseeing the, smelly as a three week old pile of rotting kippers in 50 degree heat, hairdresser shares issue. But for some reason leaves MRs off his CV. What is he so ashamed about? Perhaps he senses that Winnileaks one (HERE) and two (HERE) with more to come, was on the way. Murray's shamefully selective CV is displayed below.
Published 844 days ago
With a hat tip to the pizza hard man Darren Atwater, I start with the sad tale of the demise of wearables darling Vinaya. Does this hold any lessons on investing or warnings for Cloudtag (CTAG) and Fitbug (FITB)? Oh yes! Then it is on to London Capital Group (LCG), Kennedy Ventures (KENV), Autins (AUTG) where - in my view - the now ex CEO Jim Griffin should face a full stewards at the FCA, insolvent dog Andalas (ADL) and finally a look at Corero (CNS) where I crunch the hard numbers for you and the results are not good.
Published 845 days ago
Three generations of Winnifrith males appear today. Young Joshua is with me as I record and chips in now and again. we start with my father helping Boris Johnson with some of his history errors. Poor show Boris. Then I look further at Murray d'Almeida and Management Resource Solutions (MRS). I follow up my earlier Winnileaks massive expose HERE by asking if insider dealing took place? Then I turn to uber dog & AIM rule breaker Milestone Group (MSG) before commenting on Torotrak (TRK), Cambria Africa (CMB) and Challenger Acquisitions (CHAL). Then I revert to Boohoo.com, the unacceptable face of capitalism which I covered in a bearcast special earlier. I repeat my warning for shareholders: it is all about unknowns.
Published 865 days ago
I start by explaining why Chris Bailey of Financial Orbit is a freak!. it is all to do with Star Wars. Then it is onto TrakM8 (TRAK) following my kerboom article of earlier. I make specific points about Paul Scott's favourite dog but then general points about why company's acquire and why that turns me off.
Published 875 days ago
Minoan (MIN) has been something of an AIM uber-dog for many years. It is a stock that I have tipped with success once and with lack of success more than once. Its failure to deliver on gaining planning consent on its Cave Sidero site in Crete over more than a decade is perhaps why its shares languish at 6.25-6.5p. But 2017 will be THE year.
Published 900 days ago
My analysis of interim results from AIM dog Servision (SEV) which came out in September was that it was not generating cash and that its balance sheet was a trainwreck. I summarise of course but you can see the full analysis here.
Published 914 days ago
It was only seven months ago that AIM uber-dog Corero (CNS) appointed Cenkos as its joint broker and promply raised just under £9 million at 22p. Gosh i am glad that i am not an institutional client of Cenkos with the raft of dogs and frauds it has acted for in recent years. The shares are now just 9.5p to sell. But another bailout placing looks inevitable. Just do the math!
Published 926 days ago
Shares in AIM uber dog Mkango Resources (MKA) have today hit a new all time low of 2.75p as the ramp has failed and as investors start to appreciate just how close this company is to, once again, running out of cash.
Published 948 days ago
Octagonal (OCT) published a trading update yesterday which contained some strong numbers from its wholly owned subsidiary Global Investment Strategy UK Limited as follows:
Published 956 days ago
Have you looked at the chart of AIM dog Mkango Resources (MKA)? It is a corker. It is all down to the looming cash crisis and that is why the shares now trade at 3.5p-4p which is below the IPO fund-raise price from June 15. That tells you how much trouble this piece of Turkish is in.
Published 994 days ago
Oh no, you cry, not that old dog? San Leon Energy (SLE) has suffered disaster after disaster as an AIM stock over the years and its CEO Oisin Fanning appears to have been well rewarded for failure. Anyhow, everyone hates oil stocks. Yes you are correct on all counts which is why the market has failed to recognise what an amazing deal Mr Fanning has just pulled off. The shares will be re-rated rapidly as that sinks in and as oil prices start to push higher - we expect to see $60 oil by Q1 2017. Therefore buy San Leon today at a 45.5p offer.
Published 1021 days ago
Welcome to your new job as a NED at soon to be suspended AIM casino dog Glenwick (GWIK), Amanda Van Dyke would you care to discuss your new 6% shareholder? Er why not? A tad embarrassing per chance?
Published 1023 days ago
Yesterday I exposed the scoundrels at AIM dog Strat Aero with the publication of a 338 page Texas legal disposition containing emails and other evidence that is damning. Not only does this show that Strat is up to no good and thus faces a very real chance of losing the $20 million claim against it and its officers, but it also casts a light on the sordid goings on on the AIM Cesspit. The Strat response is so offensively bad that it merits a declaration of war from the Sheriff of AIM on this piece of Turkish. Strat, as a PLC, you are a dead man walking...you are toast.
Published 1026 days ago
Oh dear Oh dear, things are looking ever bleaker for Neil Ritson and AIM dog with fleas LGO Energy (LGO). Interims out next month will be diabolical, the cash position by now is looking grimmer than a wet Thursday in Scunthorpe and ramptastic announcements are just not having any impact on the share price, surely it is time to bring back Big Dave Lenigas. Cometh the day and all that.
Published 1034 days ago
DIRECTOR PURCHASES SHARES screams the headline – in capitals - of an RNS from AIM-listed Frontera Resources (FRR) - not to be confused with Frontier Resources - this morning. Ooooh quick, let’s all pile in – follow the money, as they say, because the insiders know what’s really going on. Er, hang on a moment….
Published 1050 days ago
A month ago Highlands Natural Resources (HNR) announced that it had sold some assets it had bought days previously for $91,000 for £4 million in shares in fellow standard list dog Opera (OPRA) as well as £240,000 in cash. Today that joke deal has collapsed leaving Opera desperately seeking another acquisition and with its credibility in tatters and Highlands needing to explain the lies it has told.
Published 1054 days ago
Day 7 of the Getafix on Holiday Caption Contests saw six entries as you can see HERE. But there was only one winner which, once again, was the King of the Caption Contests himself, Show Me The Cash. His entry to the photo below is:
Published 1060 days ago
For what it is worth Wishbone Gold (WSBN) reported a loss of $1.12 million for calendar 2015 but that is all in the past. Perhaps the most noteworthy element of the historic numbers is the fact that the auditors cannot verify almost $100,000 of travel expenses and flag this up.
Published 1065 days ago
AIM dog with fleas Servision (SEV) waits until the wire to report its calendar results, ie until June 30. That is partly because it is a shoddily run company and partly because it always need a placing to get its accounts signed off without a horrible emphasis of matter statement. No new cash = not a going concern. But this year it looks rather different and the wire day is Thursday. This looks grim.
Published 1069 days ago
I am not writing much today as I am 100% fecked off with everyone especially Ben Turney, Jason Drummond and lyin' George Osborne. Instead I finished my olive pruning. I think I am going to quit writing and become a full time olive pruner. I discuss Teathers Financial (TEA), the Brexit vote, Photo-Me (PHTM), Chemring (CHG), Churchill Mining (CHL), xCite Energy (XEL) and dog spreadbetting waste of space London Capital (LCG)
Published 1073 days ago
I start with the murder of Jo Cox MP and the disgusting way EU suporters are using it to lie and smear as you can read HERE. In Greece today it is 40 degrees plus and I am a sweating wreck after a session of olive pruning, braving the snakes which brings me to Phil "InterX" Crawford of Lombard Risk Management (LRM) and the question he has to answer NOW. Elsewhere I look at Highlands Natural Resources (HNR) following up on this piece, C-Dialogues (CDOG), XCite Energy (XEL) - all shout Timber!!!!!! - Scancell (SCLP) and the uber dog Mkango Resources (MKA).
Published 1084 days ago
On May 25 it was announced that in order to prevent a capital adequacy ( or inadequacy) issue a private company owned by the uber-greedy bastard William "£15 million will do nicely " Dewsall was to offer a £10 million guarantee to ailing AIM dog Gable (GAH). The only issue was - as we revealed here - that the vehicle in question Hogarth Underwriting Agencies - had net assets at June 2014 of £357,981. The reported profit for 2014 was just over £93,000. 2015 accounts were overdue. Problemo?
Published 1108 days ago
Another dog investment company being featured on ShareProphets? Yes indeed – this time one from the ISDX stable – we bring you Valiant Investments (VALP), under the stewardship of serial disaster (for his shareholders) Mr Conrad Windham.
Published 1209 days ago
I have won £5 from Shipston's Buffett for tracking down a long lost cousin to whom he has not spoken in 50 years. That is my main achievment today. I shall comment on InternetQ (INTQ) and MX Oil (MXO) elsewhere. I start with a look at BP (BP.) and explain why we have bought the shares today. Then I look at Corero (CNS) in detail and at Condor Gold (CNR), Nighthawk (HAWK), Petroceltic (PCI), Mosman (MSMN) and Aureus (AUE) before a detailed look at the dog Blur (BLUR).
Published 1220 days ago
Paul Scott's beloved TrakM8 (TRAK) would like you to think that its latest purchase, Route Monkey, was a prize jewel it was lucky to pick up. Au contraire. Its a dog and has been for sale for at least 20 months...finally it found a buyer in TrakM8. Now one potential purchaser who "kicked the tyres" has been in touch. He says.
Published 1225 days ago
Back in September ailing AIM listed gold dog Condor (CNR) announced that it was undertaking a strategic review and was in an offer period. Today it says both processes are over. It was bollocks from the start, you can't polish a turd and this company - of which I have been a long term bear - is screwed. It is almost game over. It will be lights out in May.
Published 1227 days ago
US-focused AIM dog Great Western Mining (GWMO) has finally secured a reclamation permit enabling it to start drilling at Target 4 of its Black Mountain copper and gold projects in south-west Nevada's Excelsior mountain range. After an 18-month application process, the company, whose shares have halved since autumn in falling copper and gold markets to 0.33p, 97% down from their 11p float price in 2011, has secured the permit from the Nevada Bureau of Mining Regulation and says it can now drill on two of its prime objectives in the area, M2 and M4.
Published 1264 days ago
The pain killers are really starting to kick in and so I must warn you that this podcast contaions some bad language. Well quite a lot of bad language actually. On the agenda are the delusional fantasists who are running both Rose Petroleum (ROSE) and Condor Gold (CNR) into the ground. There is an apology on LGO Energy (LGO) but its shares, down again today, are still toast - I discuss what a strategic review means and why Bulletin Board morons are just so blinkered...they are in love you see. Then it is onto Iofina (IOF), Quoram (QRM), InternetQ (INTQ) and the dog Fitbug (FITB)
Published 1277 days ago
Oh no Paul Scott is giving me health advice again. If he promises never ever to waterboard me again with online retail gross margins I might just quit smoking. Away from that I look at car crash Slater & Gordon (SGH) following up from the earlier detailed piece HERE. In a similar vein I look at NAHL (NAH). Then it is onto EKF Diagnostics (EKF), Moneyswap (SWAP), Oilex (OEX), Forte Energy (FTE), Alliance Pharma (APH), Iofina (IOF) and the Fitbug (FITB) dog. There is no mention of Jabba The Hutt today, David Lenigas must wait for Gold & Bears on Saturday for his next drubbing. And boy will it be a drubbing.
Published 1321 days ago
In today's podcast I look at yesterday's Quindell (QPP) news, Big David Lenigas and his ramping and personal abuse (if he wants a war then I'm up for it), Golden Saint Resources (GSR) and what Roland "Fatty" Cornish should do now, Sefton Resources (SER), Galantas Gold (GAL), Auhua Clean Energy (ACE), long term AIM dog Image Scan Holdings (IGE) and SeaEnergy (SEA)
Published 1356 days ago
I start by clarifying certain rumous circulating that I am starting new businesses or getting involved with those who do. Au contraire. Very much au ffing contraire. Then it is onto today's ludicrous announcement from Quindell (QPP). I also cover Sefton Resources (SER), Goals Soccer Centres (GOAL), Auhua Clean Energy (ACE) - a dirty AIM dog if I ever I saw one - Asian Citrus (ACHL), Aquatic Foods (AFG), Daniel Stewart (DAN), Iofina (IOF) and of course Monitise (MONI).
Published 1372 days ago
Eden Research (EDEN) is an AIM listed dog with a track record of non-delivery. It is the sister company of that other dog Environmental Recycling (ENRT) and both companies felt my ire back in 2005 when Environmental was called 3DM. It pissed away cash on fascist lawyer’s letters. It was 3DM that picked up the censure from the FSA for lying to investors. Today the Eden dog has put out an announcement which just stinks. I am back on its case.
Published 1398 days ago
I am bored by removing the fake twitter followers some twat gifted to my account. 2000 have gone, 3500 to go. And so a quick update on the two great Manchester Soaps, David John Hopkins and Coronation Street - Desperate dan is in both! And then a detailed look at the dog Mosman Oil & Gas (MSMN) and where it is now - a POS - following last week's scoop from myself.
Published 1413 days ago
Warren Buffett says that anyone who uses EBITDA is either trying to fool you or to fool themselves and that brings us to a comedy profits warning from POS AIM casino dog Iofina (IOF) issued first thing today. What clowns.
Published 1417 days ago
Once again IT issues in Greece delay this podcast. I start by explianing why the reaction of Paul Scott and the craven deadwood press to the new national living wage proposed by George Osborne displays 100% economic illiteracy. It is simply a transfer of wealth from business to the State, the poor will gain nothing. Then onto defending David Lenigas and Andrew Bell from some of the sillier comments made by some folk and to explian why flip flop Ben Turney is again wrong on New World Oil & Gas. hats off to Paul Curtis for the silliest remark of the day as I stck the boot into Gulf Keystone and then also to the prep, pump and dump at Beowulf Mining. And finally I have another go at biotech dog ValiRx.
Published 1446 days ago
Those unfortuanate enough to own shares in Golden Saint Resources (GSR) will not be upgrading their motor on the back of serial non delivery at an operational level and share price disaster. This stock is a 100% non cash generating dog. But some folks, that is to say CEO Cyril d'Silva, seem to be okay as the picture below demonstrates.
Published 1453 days ago
AIM dog Polemos (PLMO) - or should that be PMSL - is a cash shell formerly run by the great promoter Big Dave Lenigas but now run by his sidekick Donald Strang. Assuming its assets held for resale are realised at the half year 2014 book value it should still be sitting on cash and cash equivalents of c£200,000 but that probably only gives it to Christmas until it has to pass the hat around again.
Published 1468 days ago
Last week I forced a statement out of Rose Petroleum (ROSE) after stating HERE that it was seeking to raise £3 million at 0.3p - the shares were then 0.6p. Rose, pathetically, said that it was looking to raise £3-5 million but denied that any price had been set. Well Gotcha fellows.
Published 1471 days ago
My big gripes with Charles Clark of AIM Cesspit listed dog Rosslyn Data (RDT) are that its IPO prospectus was misleading and that it is rapidly running out of cash. I really do not care about its CEO Charles Clark's brief stint in the porn industry bit he seems jolly keen not to discuss it and perhaps he needs a bit of a reminder of how exciting his life could have been.
Published 1505 days ago
Shares in AIM casino dog Mopowered (MPOW) now trade at just 2.5p having already slumped by 50% since the bailout placing at 5p last September. You may remember that just ten weeks later the company issued a grisly profits waning (November 24) but since then there has been radio silence. That is ominous.
Published 1538 days ago
Hi this is NOT Lloyd Grossman in this podcast. I discuss the court battle ahead plus also Igas, Tern, Bango - as in Bingo Bongo Bango - Mopowered, Superglass, Webis - and my old pal Jim Mellon, Golden Saint and the dog Beowulf
Published 1556 days ago
On today's podcast I look at Quindell (long time no speak) and Afren - the calm before the storm next week. I also look at Berkeley Minerals and at Solgold, Pinnacle Tech, Tavistock Investents, Sefton Resourcces/Brokerman Dan and long term dog & Bulletin Board darling Iofina. And there is comment on naughty, naughty Gotham City Research.
Published 1592 days ago
AIM dog Armadale Capital (ACP) says it will spend 2015 upgrading and preparing its low-grade Mpokoto gold project in the Democratic Republic of Congo (DRC) to start production next year. The company, which has transformed itself from a South African coal briquetting and acid mine drainage specialist called Watermark Global into a would-be gold mine developer and lost 99% of its original stockmarket value along the way, indicates it has finalised a drilling programme for Mpokoto, in Congo’s mineral-rich province of Katanga, with a view to upgrading its present formal resource estimate of 678,00oz. with 1.45 grammes of gold per tonne of ore.
Published 1731 days ago
Shares in inkjet printing technology company, Xaar plc (XAR) are more than 20% lower at 439p following its announcement of results for the first half of 2014, which included a warning that “during the third quarter, demand from the ceramic tile decoration sector has softened, which we believe relates to a slowdown in construction activity in China. In light of this, the board's expectation for 2014 revenue has reduced to £115-125 million, with adjusted operating margin projected to be broadly in line with the 26% achieved in the first half of the year”. Oh dear. Woof, Woof.
Published 1731 days ago
How many times have I warned you that Arian Silver (AGQ) is one of the biggest dogs on AIM? Its uber-Welsh management team are champion value destroyers. Its dickhead of a PR man – who berated me for not tipping this stock (down 90% in three years) like “all the other tipsters” – continues to spin but the disaster just got a bit more disastrous today.
Published 2236 days ago
AIM-listed transatlantic media and entertainment company, Reach4Entertainment (R4E), formerly known as both First Artist and Pivot Entertainment) has been a thoroughly rotten investment over a number of years. The word dog is apposite. But past performance is no guide to the future, every dog has its day, Mad Dog’s and English investors, etc.