Published 2 days ago
Yesterday's bearcast explained the massive red flag of Neil Woodford having to sell his crown jewelsd, shares in Imperial Brands. Today, his most devoted follower on the sewer that is Fleet Street, Jeff Prestridge of the Mail on Sunday has, after 30 years of loyally kissing Woodford's arse at least once a fortnight, abandoned ship. The ship once swarmed with parasitic and, often unthinking, rats. Now there is just one left, Hargreaves Lansdown. I explian what this all means. If you enjoyed this, almost 100% profanity free, bearcast, follow a bloke from the Grim North who donated enough to buy a whole house in the welfare safari and support the Rogue Bloggers for Woodlarks HERE.
Published 16 days ago
I start with the utterly shite journalism of Jeff Presstrip in the Mail on Sunday which disgraces our profession as I explain HERE. Then it is onto Neil Woodford and two issues. First why HL just cannot tell its dumb clients to sell and, secondly, why the yield on the flasgship EIF will plunge from 4.1% today to something starting with a 2 within a year, if the fund still exists. That is by no means a given. If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.
Published 76 days ago
As this morning’s shock revelations about Neil Woodford’s greed and reward for abject failure start to sink in, I imagine that many investors in his funds will be feeling a deep sense of disgust and regret. Perhaps they will blame those who advised them to invest and who, as the performance has gone from bad to worse, to even worse, have told them to hang on or average down. Perhaps the biggest cheerleader has been Hargreaves Lansdown which has just published another blow job type piece on Woodford.
Published 92 days ago
‘Twas the night before Christmas. The man who liked to be known not only for his humility but also for being Britain’s greatest ever fund manager lay back on his disruptive Eve mattress next to his rather flatulent but ever faithful old poodle Dampers. Whilst his companion snored loudly, Neil Woodford was deeply troubled by not just one but a second ghostly apparition that night.
Published 93 days ago
‘Twas the night before Christmas and the man who liked to be known as Britain’s Buffett paced up and down his bedroom, deep in thought. Attending the local carol service at the Church nearest his Country Estate, Neil Woodford felt that he had so much in common with the wise men but like the Shepherds he was this evening of a troubled mind.
Published 166 days ago
Exciting general times in the market...and I am thinking about my assertion a month or two ago in my write-up on Dunelm (DNLM) that I would buy some frilly curtains from my local store if the shares pushed up to the six quid odd level I mused upon...
Published 202 days ago
And you thought the pantomime was over… now unlisted and registered in the BVI the latest developments at Sefton Resources (SER) are, predictably amusing. When Sefton was booted off AIM it had 4.8 billion shares in issue. Until the other day it appears to have had almost 9 billion pieces of confetti in issue. But that is set to change.
Published 623 days ago
iii, aka Interactive Investor, do not seem happy at being called total bastards for changing the terms for holding client money so that clients, that is mug punters like you and I, get more risk and iii gets more money. It says that this is not the objective of what is going on any anyhow other stockbrokers such as Hargreaves Lansdown and the Share Centre are doing the same thing. As such I am happy to clarify " I apologise for saying that iii are total bastards. I meant to say that iii like many other stockbrokers including Hargreaves Lansdown and the Share Centre are total bastards." The iii spokesman is keen that I put this all in context. iii's comments are in bold, my translation service is below.
Published 648 days ago
The Times yesterday ran an article "Investors take aim at LSE’s mistrusted upstart - Stock exchange defends Alternative Investment Market but its critics are losing patience", which it painted as a major attack on AIM. In fact it appears to have found one new critic - Standard Life - which, having done its conkers on Fusionex (FXI) because its fund managers knew better than our writers here who issued repeated warnings, now seems to think AIM has a problem. On which fucking planet has Standard Life been for the past ten years?
Published 681 days ago
The starting gun on the next general election has been fired so unexpectedly that the report has been felt throughout the country. But the first tangible response was a swift rally in the pound, putting pressure on the UK stock market.
Published 861 days ago
Yesterday I pointed out that having once owned 28.8 million shares in Cloudtag (CTAG), Corvus Capital the vehicle of dodgy Andrew Regan now appears to own no shares in this uber ramped fraud. I now draw your attention to page 13 of the last annual report which you can see HERE
Published 862 days ago
Andrew Regan, the man who shot to fame as he was caught at a Motorway Service Station trying to buy stolen documents relating to a bid for the Co-Op, was also the man who brought Cloudtag (CTAG) to market with his Corvus Capital vehicle owning 28.8 million shares (just under 20% of the equity) on admission. But...
Published 1007 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 1364 days ago
Evidence started to emerge four weeks ago of a major problem with the nominee service used by clients of Barclays Stockbrokers, Barclayshare Nominees. There is now a strong suggestion that Barclayshare Nominees and Barclays Stockbrokers have disposed of clients’ physical stock without their permission. This is a shocking turn of events in the New World Oil & Gas (NEW) forward selling fiasco and points to an even graver flaw in the mechanics of the London Stock Exchange’s Alternative Investment Market. Something like this should just not be possible, but the numbers appear telling.
Published 1510 days ago
You would have thought that a firm of stockbrokers would want to see a critical press exposing fraud on AIM so that its clients do not lose money. But it appears that Hargreaves Lansdown (HL.) has given into the Bulletin Board jihadists and has joined other companies such as Tesco in refusing to advertise here. The same folk who have sent me death threats, smeared me and the restaurant because of what I write (fraud exposes) are trying to get this website closed down.
Published 1722 days ago
OK so I’m a contrarian and as such I am now long blinkx (BLNX). I bought three times on the day of the crash in my mad punting account. (I have this to remind myself of the pain of self-immolation in trading, so I don’t lose track of my customers.) I bought at 40p, 33p and 29p averaging out at 34.1p. Basically, this is where it sits right now. I think it is going up.