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 12 days ago
This gets worse and worse for Chris Rynning, the former boss of ShareProphets AIM-China Filthy Forty play Origo Partners (OPP). Having discussed how a billion Kroner disappeared to tax-havens under this self-styled China expert, today E24 looks at the company credit card. If you thought Nilesh Jagatia of Teathers (TEA), Insprit (INSP) and Octagonal (OCT) was, ahem, generous (to himself), this appears to take the biscuit.
Published 30 days ago
This website is placing scoop central. For the avoidance of doubt we do not engage in market speculation we report fact. Peter Greensmith you know that to be the case and are being a knobhead for pretending otherwise. Yes this is a bad language special covering Audioboom (BOOM), Bidstack (BIDS) and Westminster Group (WSG). I also cover Inspirit (INSP) and FairFx (FFX) and explain what has been occupying me today: we have two new cats. Finally as I prepare for a 24 mile training walk on Saturday do the decent thing and donate to Rogue Bloggers for Woodlarks HERE
Published 30 days ago
AIM-listed POS Inspirit Energy (INSP) has finally woken from its slumbers and confirmed our scoop of over a week ago, that it has vacated its factory. Apparently it is in the process of moving its facility to Poland. Well it might be in process but it seems to be taking a long time for last week we know that its Sheffield factory had already been vacated and leased to a new tenant. And then there is the strategic review…..
Published 38 days ago
First we had a monster rise in the share price of AIM-listed POS Inspirit (INSP). Then yesterday Tom Winnifrith showed us that its factory appeared to have been vacated and re-let to someone else. But there is another small matter…..
Published 39 days ago
Inspirit (INSP) is technically insolvent and worthless but is there something it is not telling us? I suggest you to examine the screen shots below.
Published 40 days ago
I start with good news on the Woodlarks front and kind words about the UK's top share blogger Paul Scott who I must remember not to be nasty to for a few weeks at least. If Paul can be a nice guy so can you too HERE. Then I look at Versarien (VRS) in light of today's expose HERE, Management Resource Solutions (MRS) caught with its pants down HERE, Concepta (CPT), Inspirit (INSP), Chesterfield (CHF) and Bould (BOU).
Published 40 days ago
I have to admit it: I haven’t a clue why shares in AIM-listed Inspirit Energy (INSP) are hugely up today. The shares opened at 0.0225p and motored as high as 0.055p. They currently sit at 0.045p, up 100% on the day. But there has been no news and I am not aware of any imminent news. So why is the stock up so strongly?
Published 44 days ago
I start by talking you through yesterday's Odd One Out contest explaining the schoolboy error made by Nigel Somerville and others. I look at the Autolus news in relation to Woodford Patient Capital Trust (WPCT) where as a loyal shareholder I shall be attending the May 15 AGM in Oxford with a few questions for Neil "nomates" Woodford. I flag up a shocking little episode at Clear Leisure (CLP) which should make you worry about Octagonal (OCT) and Inspirit (INSP) given that their FD is disgraced Niliesh Jagatia then discuss Management Resource Solutions (MRS) and finally, in detail, Toople (TOOP). Tomorrow I really will read out a Woodlarks heros roll call. Please join that list ahead of then HERE
Published 58 days ago
Neil Woodford needs money for his funds urgently but to give to a far more deserving cause which I may have mentioned once or twice go HERE. I discuss damning statistics for the AIM Casino, Inspirit (INP), Mobile Streams (MOS) and in the Woodford section Paypoint (PAY), Imperial Brands (IMB) and now Strix (KETL), another jolly good income and growth play he is dumping.
Published 58 days ago
News from the boiler room this morning is that AIM-listed Inspirit Energy (INSP) is pleased to announce its interims. I’m not sure why – they are awful! But perhaps the pleasure relates to the fact that they are out at all, for the numbers show a deficit of net current assets. Is it bust yet?
Published 72 days ago
I apologise for the RedT (RED) tip it shows the arrogance and incompetence of AIM boards at their worst. Is it more fecked than Inspirit (INSP) or Motof Bio (MTBF)? I look at all three and also at Bahamas Petroleum (BPC).I f you enjoyed this, I think, relatively 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 145 days ago
Well the year is up, the results are in and my pick of five AIM stocks to sell has offered up a pretty good result. I doubt these shares could easily have been shorted, but I hope readers managed to avoid them at least.
Published 148 days ago
3.28pm on the Friday between Christmas and New Year is hardly the time to release your results unless they are really bad, and so it proved with AIM-listed Inspirit Energy (INSP). This is a company which, let us not forget, has been developing a revolutionary boiler (where is Neil Woodford?) since it listed via an RTO on the Casino way back in 2013 – after it was rescued from administration. The original company dates from 2010. So how are we doing in 2018?
Published 154 days ago
We are days away from the end of 2018 and so it is time for almost the final reckoning for my portfolio of 5 shares to sell this year. I say almost the final reckoning because Tom Winnifrith’s Winnileaks has been receiving a few things which suggest that AIM-listed Frontera Resources (FRR) may well be facing its final reckoning extremely soon – ouzo at the ready, then!
Published 181 days ago
Okay, he is a conceited, overpaid, arrogant mother so I don't really feel sorry for him but I explain his appalling problem at doomed RM2 (RM2). I also look at Inspirit (INSP), Sabien (SNT) and Tomco (TOM) all three of which should be taken out and shot as their sole purpose on the AIM Casino is as a funder for the coke and hookers used by crony capitalists in the City. I explain a flaw (or two) in Malcolm's thesis today as I look at three retailers in trouble: Marks & Spencer (MKS), Debenhams (DEB) and Mothercare (MTC).
Published 183 days ago
My little portfolio of shares to dump for this year has shown some surprising resilience through the year. Of course it has always been down but some of the shares seem to be propped up in the same way a cartoon characted runs off the edge of a cliff but doesn’t fall until he looks down. But I suspect the wheels may be about to come off in some cases before year-end, and in one case imminently.
Published 203 days ago
I will not take the populist path of kicking Luke just becuase he is down. Firstly he is my friend and I don't abandon pals just because they are not flavour of the month right now and secondly, and more importantly, much of the criticism is pure bollocks by folks who could not run a whelk stall and do not know what they are talking about. I also look at what makes a dead cat bounce ref Photonstar Led (PSL), Urals Energy (UEN) and Inspirit Energy (INSP).
Published 211 days ago
And so another month has slipped by and it is time for another update on my five to sell – or just steer a very wide berth around. Last month the average loss amongst AIM-listed Telit (TCM), Inspirit (INSP), Catanae (CTEA, formerly Milestone Group, MSG), Frontera Resources (FRR) and UK Oil and Gas (UKOG) was sitting at 17.4%. But we’ve had a bit of a sell-off……
Published 274 days ago
It is time once again for the monthly update on my portfolio of slam-dunk sells for 2018. As the summer draws to a close, has the madness reported last month started to subside yet? Well, yes – the portfolio is off by around another 7% since the last update, but I fancy that as the city gets back to its desk next week, there is plenty more to come.
Published 304 days ago
I said I would take a look at the annual accounts to March 2018 of Global Investment Strategy UK Ltd (GIS) which AIM-listed Octagonal (OCT) owns. After all, Octagonal announced by RNS in April that GIS expects to report EBITDA of £3.01 million, a record for the Group, on sales of £6.53 million for the year ended 31 March 2018 and that cash in the bank or equivalents more than £5m as at 31 March 2018. Hmm – let’s see how those statements worked out.
Published 329 days ago
I wondered last weekend whether we might see a casualty amongst my portfolio of five slam-dunk sells for 2018 as the reporting deadline on Friday approached. Sadly all outstanding numbers were forthcoming, so no ouzo for me. But the reported numbers were staggeringly awful.
Published 336 days ago
So far my 5 sells for 2018 have offered mixed results, although the average performance as at the end of May was -15%. As we approach the end of June we have results due: might we see a casualty or two?
Published 364 days ago
I suggested a portfolio of five stocks to sell – or just avoid – for 2018 during the ShareProphets tipfest. Those stocks were Tern (TERN), UK Oil and Gas (UKOG), Frontera (FRR), Telit ((TCM) and Milestone Group (MSG) – since renamed Catenae (CTEA). Tern was subsequently withdrawn when the fundamentals changed (the death spiral was terminated), and Inspirit (INSP) brought in in its place. Here is the May update.
Published 383 days ago
I start with two discussion held this morning, one with Lucy Wray and the other with Brokerman Dan. I end with a discussion with Lucian Miers. In between I discuss Faron Pharma (FARN), Wey Education (WEY) which - sorry Andrew Monk - is talking A grade bollocks, Inspirit (INSP) , Pathfinder Minerals (PFP), Challenger Acquistions (CHAL) and Frontera Resources (FRR).
Published 386 days ago
I offered a portfolio of shares to sell for 2018 during the ShareProphets Christmas Tipfest – let’s see how it is doing (albeit a few days late). Into the original portfolio went Frontera (FRR), Milestone Group (MSG), Tern (TERN), UK Oil and Gas (UKOG) and Telit (TCM). Subsequently Milestone changed its name to Catenae (CTEA) and Tern dropped its death spiral so was replaced by Inspirit (INSP).
Published 386 days ago
We have been calling out AIM-listed Inspirit Energy Holdings (INSP) here on ShareProphets for an age: we reckoned the boiler room had no cash and its shares were below nominal. On Friday, at 2.54pm, as the market was getting ready for a nice sunny bank holiday weekend (talk about no-one-is-watching o'clock), up popped an RNS entitled “Issue of Convertible Loan Notes”. It is only after reading the whole RNS that you realise that they are proposing to split the ordinary shares of 0.1p into one ordinary share of just 0.001p and a deferred share (with no rights) of 0.099p. Oh, and incidentally, where is the Confirmation Statement on Companies House, which was due on 30 March?
Published 397 days ago
Darren uploaded yesterday's podcast by mistake becuase he is a fucking idiot. I am considering his future and mine tonight. Here now is today's podcast. To tip Quindell before Gotham City and I started to expose it was perhaps understandable. But to single it out as a stunning value investment afterwards? Who could have been so fecking dumb? As you can see HERE it was the same system also that thought Globo was a cracking investment when some of us very publicly said it was a fraud. Which system could be so bad? Step forward Ed Croft and Stockopedia and he says that Nigel Wray invests in "sucker stocks"?. I explain why Ed's system is bound to have some horrible failures and miss a stack of big winners. In this podcast I also look at Vitesse (VIS), Tern (TERN), Inspirit (INSP) which has a mega spoof today and Online Blockchain (OBC) where I am just a confused old dinosaur.
Published 417 days ago
If you are my age you may remember the song, it was a hit when I lived there and today i head over to stay with the same folks as i lived with more than 30 years ago. Ahead of that there are more words on the gender pay gap data abuse as covered in detail HERE and then I cover Vela (VELA) and a bursting blockchain bubble, Vitesse Media (VIS) - opportunistic scumbags - Infrstrata (INFA), Inspirit (INSP), Collagen (COS), MySquar (MYSQ) and Frontera (FRR). And there may be major news on Air Partner (AIR) soon, I seem to have found a whistleblower. Happy days. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH.
Published 423 days ago
AIM-listed Inspirit Energy (INSP) has released its interim accounts to December 2017. We are told the company is pleased to announce its interims. What there is to be pleased about rather escapes me – the company is drowning in payables and has hardly any cash left (if any at all).
Published 428 days ago
As we approach the end on March it is once again time to look at my portfolio of shares to sell. Of course, it is now down to four after Tern plc (TERN) ditched its death spiral so we’ll need to find a replacement for that one.
Published 431 days ago
I note that things have been very quiet of late over in the boiler room of AIM-listed Inspirit Energy (INSP). Normally that might be seen as a good thing – the company quietly getting on with making shareholders money, and not getting bogged down in ramptastic RNSs. But I wonder if there is a nasty brewing here...
Published 433 days ago
Okay the most frequent poster in our comments section is a nutso commie but hat tip to Wildes for a phrase he taught me today. In the bearcast I discuss how to make real bread ( my next career?), Accrol (ACRL), Micro Focus (MCRO), Inspirit (INSP), Conviviality (CVR), Mothercare (MTC), Online Blockchain (OBC) and have a prize contest on TechFinancials (TECH) - can anyone explain this bollocks to me. The prize will be awarded at UK Investor on April 21 where the highlight of the day will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH
Published 461 days ago
I discuss the history of me being reported by Mike Walters and other morons to the FCA (FSA as was) for market abuse and in that vein I am reporting myself, Waseem Shakoor and Lucian Miers because of our comments over UK Oil & Gas (UKOG), the grossly overvalued, financially challenged mega ramp so loved by morons. Elsewhere I look at RockRose Energy (RRE) - time for a Cynical apology - Kin Group (KIN) and at Inspirit (INSP). Oh yes, and God is punishing me for being smug.
Published 475 days ago
For reasons mainly to do with girls (well two of them) I have always been a Philadelphia Eagles fan. The last time they won a championship, Hurst, Peters and Moore were playing for West Ham - the two teams have a lot in common. Anyhow I stayed up late and for once fortune is not always hiding. Why did I get up? The market is a sea of red and I discuss that. I look at IQE (IQE) after chatting to Matt Earl, at Woodford Patient Capital Trust (WPCT), Inspirit (INSP) and at Shield Therapeutics (STX). Nomates Neil Woodford has not replied to my polite invitation of yesterday.
Published 513 days ago
Star Wars beckons. Happy days. Ahead of that I discuss Stanley Gibbons (SGI), Provexis (PXS), Fishing Republic (FISH), Inspirit (INSP) and have some more questions for Neil "nomates" Woodford.
Published 514 days ago
In today's bearcast I look at results from the walking dead, the boiler room POS Inspirit (INSP), I cover Nighthawk (HAWK), Oracle Power (ORCP), Uk Oil & Gas (UKOG), Mysquar (MYSQ) - with some new matters of concern from out East - and Milestone (MSG) where silence on Larry the liar is just not good enough
Published 515 days ago
I start this bearcast with a tale of Joshua meeting snow for the first time - a photo later maybe. Then it is onto Lyin' Steve Sanderson and today's horror story at UK Oil & Gas (UKOG). The share price collapse is only starting. Today's disaster for Neil "Nomates" Woodford is HaloSource (HALO) which I discuss before posing a question for my old pal Jim Mellon about SalvaRx (SALV). I comment on London Capital (LCG) and promise more on that debacle tomorrow while also noting that it is countdown to results day at Inspirit (INSP). Get your beer and Christmas popcorn ready...
Published 520 days ago
I am still in a foul mood about you know what. In this podcast I cover Westminster Group (WSG) and its vile chairman Tony Baldry, Concepta (CPT), Servision (SEV), Inspirit (INSP), Sabien (SNT), Milestone (MSG) and a broken promise, Conroy Gold & Natural Resources (CGNR) and Integumen (SKIN)
Published 522 days ago
I am still livid about matters concerning my wife's place of work and with it showing no sign of movement I have today discussed the matter with my lawyers. Bah fucking humbug, there is no seasonal goodwill from me in 2017. In this podcast I discuss Inspirit (INSP) at length also Falanx (FLX) - shares in which we own - Low & Bonar (LWB), Minoan (MIN) and Gotech (GOT), formerly Guscio.
Published 522 days ago
Yesterday AIM-listed Octagonal (OCT) released a Director’s Dealings RNS. Nothing unusual about that, you might think, but the text was announcing that CEO John Gunn was taking a loan secured against his shares in the company. Is he doing an Equities First type of deal?
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 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 558 days ago
We have had no news from the Inspirit (INSP) boiler room run by John Gunn and once graced by the great Dave Lenigas since its last placing completed in early September. By my maths the company is once again insolvent so how about another placing Mr Gunn? As a reminder of the maths...
Published 564 days ago
Waseem has a few wise things to say and I note why I always listen to him even if he is being beastly about a stock I own. Do you really benefit from closing your ears to a contrary viewpoint from a guy who is more often right than wrong? No. Elsewhere I look at how gravity cannot be defied forever and Inspirit (INSP), Avanti Comms (AVN), I3 Energy (I3E). Then I answer a question on Falanx (FLX) where I am long and very happy as results loom, about Snoozebox (ZZZ) which has gone tits up (Sheriff 1, Cynical Bear 0) and finally what to make of the Persimmon (PSN) statement.
Published 648 days ago
7.45am Tuesday brought news of a placing by AIM-listed Inspirit Energy Holdings (INSP) for just £300,000 at 0.12p. Even that figure had to be propped up by a £50,000 contribution from (corporate Red Flag) CEO and Chairman John Gunn. It won’t last long, even if they get it through a general meeting to allow it to happen.
Published 823 days ago
Nilesh Jagatia the former FD at now delisted AIM bad boy Teathers Financial (TEA) is now enmeshed in controvery not only over Teather's serial ability to file accounts on time but over how shareholder's cash was used not only on entertainment involving semi clad young ladies but also for apparently personal spending by Nilesh. One hopes that by now the Old Bill and HMRC have been asked to have a butcher's. Amazingly Mr Jagatia remains as FD at two other AIM Companies both, as it happens, run by John Gunn: Inspirit (INSP) and Octagonal (OCT). I have now written to John Gunn.
Published 824 days ago
Yesterday I revealed a series of 74 "interesting" transactions on the Teathers Financial (TEA) company credit card and some curious payments on the Teathers pre-payment card belonging to Nilesh Jagatia the company's former FD. There is now a very real suspicion that Teather's poor shareholders were paying for Jagatia's domestic shopping at his local Sainsbury's in South Woodford and that he was making withdrawals from the company's account for personal use. I have thus written to the new CEO flip flop Ben Turney who, of course arrived in the coup that saw Jagatia fired. The letter is below.
Published 825 days ago
The way that shareholders' cash was pissed away on corporate jollies & semi clad young ladies by the former board of Teathers Financial (TEA) has already been documented fully here. But documents have now fallen into my possession, here at Winnileaks, which ask even bigger questions about FD Nilesh Jagatia who is pro tem, still FD at AIM-listed Inspirit (INSP) and Octagonal (OCT). After this bombshell I wonder for how long.
Published 873 days ago
I admit that i am too lazy when it comes to reading report and accounts. I should be more of a geek like Steve Moore. In today's podcast I explain why my sloth is a sin and why we should all read from the back to the front. I also look at investment versus trading, Sirius (SXX) vs Cloudtag (CTAG). Other companies mentioned include African Potash (AFPO), Inspirit (INSP) and Strat Aero (AERO). I am now offline as I tidy up the mess created by Oakley and the different mess created by me before the Mrs and Joshua return home.
Published 901 days ago
I am just so tired after day 4 of the olive harvest. You can see today's report - into the lair of the snake - HERE. In this podcast I cover: Cloudtag (CTAG), Strat Aero (AERO), Andalas (ADL), the CFD firms and the FCA, notably Plus 500 (PLUS), African Potash (FRAUD), Corero (CNS), Inspirit (INSP) and Fishing Republic (FISH).
Published 906 days ago
She was horrified. I am not sure she agreed with my line that the mainstream press were part of the problem not the solution but she agreed that AIM had its issues. On the bearcast today I look at Red Leopard (RLH), Formation Group (FRM), Mobile Streams (MOS) and its charming CEO - Andalas (ADL) - whose CEO is a tosser - Strat Aero (AERO), Finnaust (FAM), Inspirit (INSP), Plus 500 (PLUS), Advanced Oncotherapy (AVO)), TrakM8 (TRAK) and Cloudtag (CTAG) plus one way of looking at it which sees 300 companies on AIM as a sort of fraud.
Published 947 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 964 days ago
Yes I am beginning to miss George Osborne. No I lie, he really was useless. But so too is Hammond. I comment on him believing the boy who cried Euro Wolf (Nissan) and handing over taxpayers cash as a result but also on the way that he is set to allow the deficit to balloon again - this man is a danger to your wealth. At a company level I look at Inspirit (INSP), Cloudtag (CTAG), SKIL Ports and Logistics (SPL), Quantum Pharma (QP) and my pals the fraudsters as African Potash (AFPO) - Lord Peter Hain when will you blink and quit?
Published 968 days ago
I start with the woes of Deutsche Bank and Commerzbank. Then on to why dogs leave it to the last minute to report results. As such I look at Strat Aero (AERO), Vislink (VLK), IGAS (IGAS), and Wolf Minerals (WLFE). I touch on Inspirit (INSP) as it runs out of cash and is - I gather - not paying suppliers. I then look at the two frauds: Highlands Natural Resources (HNR) and Cloudtag (CTAG) where the morons are as happy today as the Quindell (QPP) Morons where when those shares hit 650p. How the morons laughed at the silly old bears as they told us that £20 was on the cards. But of course those backing the Cloudtag fraud insist that it will be different this time.
Published 984 days ago
Pornography, naked women, sheep shagging Taffs. Actually there is nothing of the sort in this bearcast but I mention it just to annoy Kay Larsen,a prudish and stupid PR spinner for Sepura (SEPU). Kay is a really silly cow and we have crossed swords before so I rub her nose in it with her client whose statement today is a scandal. The rozzers really need to have a butchers. Then I cover Modern Water (MWG), Falcon Oil & Gas (FOG) and a trio of uber dogs with uber fleas: Blur (BLUR), Inspirit (INSP) and related party Octagonal (OCT). Then I look at Phil Edmonds creation Sable (SBLM) which is now a month away from AIM casino death. Its sister company is the fraud African Potash (AFPO) and I cover this matter in detail. It looks as if the Mrs will give birth tomorrow so if I take a break and you miss me either listen to the archive HERE or google "tourettes audio" and find something similar. Warning: this podcast contains some very bad language especially for the prude Kay Larsen.
Published 987 days ago
On May 17th 2016 Inspirit Energy (INSP) raised £750,000 gross ( call it £700,000 net) at 0.5p per share but since then the news from the boiler room has been limited. The shares have tanked to just 0.29p and, worse, still, basic maths suggests that the jam tomorrow producer will be out of cash again within weeks. Is it placing ahoy? Methinks yes. Here are the maths.
Published 1072 days ago
The earlier piece on the Drummonds, Nilesh Jagatia and the Media Corp scandal needs to be read in full. What horrifies me is that it shows that AIM Regulation knew everything in July 2014 but failed to act. The Bogus Sheriff of AIM, Marcus Stuttard, should either resign on Monday morning or find out who failed to protect investors, sack him and agree to compensate anyone who has lost money in Teathers Financial (TEA) and possibly Inspirit (INSP) as well. I warn you that I use bad language in this bonus podcast as I am furious with the Oxymorons at AIM Regulation over this appalling failure.
Published 1072 days ago
Are you a pissed off shareholder in Teathers Financial (TEA), Inspirit (INSP), Octagonal (OCT) or any other company associated with Justin and Jason Drummond or Nilesh Jagatia? If so you are going to get even more pissed off as I have obtained and publish below a lawyers letter which exposes wholesale fraud and deception at their last outfit Media Corp (MDC). It is shocking.
Published 1083 days ago
I have no problem with folks taking payment to promote a stock. If a company wishes to spunk shareholders cash to pay an IR firm like Proactive to record a soft interview with its CEO that is not an issue as long as commercial interests are declared. You have got to be transparent. But Proactive Investors and the Daily Mail are showing no transparency and this is surely wrong. I refer to Inspirit (INSP) ramping.
Published 1086 days ago
In today's bearcast I look at Inspirit (INSP) and Teathers Financial (TEA) and the common threads that show why both bring shame on AIM and are uninvestable. I then look at Teathers and ask where has all the money gone and what is it trying to hide? And I explain to two prize twits what a flip flop means.
Published 1086 days ago
Who would you want running the AIM PLC board from hell? Naturally with Outsourcery (OUT) becoming his 39th business failure, or is it 38 I lose track, Dragon's Den flop Piers Linney has to be the CEO. I'd nominate that silly woman from Easyjet (EZJ) as Group Equal Opportunities Officer. The Chairman has to be the patrician twit Gibson Smith formerly at the LSE. The FD...check out the CV of Nilesh Jagatia of Inspirit (INSP) and Teather's (TEA) infamy now on the run!
Published 1104 days ago
I was in a great mood this morning. I am now in an awful mood and explain why. After that I cover Ten Alps (TAL), Lakehouse (LAKE), Inspirit (INSP), Alecto Minerals (ALO) and Imaginitik (IMTK). I am now off to slash some more fecking frigana while thinking about certain folks in the Square Mile.
Published 1145 days ago
David Lenigas would like to let shareholders who have lost a fortune in LGO Energy, Inspirit, Afriag, Lenigas Cuba, Polemos, Doriemus, etc, etc that he shares their pain as we can show in the photo below.
Published 1146 days ago
It has all gone a bit quiet in the boiler room but in the absence of any real news who better to step up to the plate and pretend that there is good news than fat Aussie share ramper Jabba The Hutt? With just 25 days to go until he is 100% exposed at UK Investor Show by myself (SEE HERE), today David Lenigas tweeted:
Published 1216 days ago
Yesterday's statement from Afriag (AFRI) stinks. The shares are plunging today and the destination is 0p. I have a series of questions for Jabba the Hutt about his baby but will David Lenigas answer? And where does that leave his other hounds still on AIM (pro tem) such as Inspirit (INSP) and Evocutis (EVO). If Afriag was telling the truth yesterday, surely their days on AIM are also numbered?
Published 1234 days ago
And so, in the face of all the questions being asked about AIM-listed Inspirit Energy Holdings plc (INSP), rather than answer them we had news yesterday that the Chairman and CEO, Mr John Gunn, had dipped into the market and bought 5 million shares. But what of the elephant in the room?
Published 1235 days ago
Just to be helpful to AIM-listed Inspirit Energy (INSP), here is how ShareProphets Filthy Forty member Asian Citrus (ACH) announced a change of Auditor earlier today:
Published 1235 days ago
Having posed a few questions over the change of auditor already, another one crosses my mind. It concerns dates. We have already seen that AIM-listed Inspirit Energy Holdings (INSP) mis-stated in its results RNS of New Year's Eve that both the 2014 and 2015 acounts had been audited by Welbeck. Yet we know that the 2014 accounts were audited by PKF Littlejohn LLP - and elsewhere in the results RNS we are told that PKF resigned during the year. Something is wrong somewhere! One could explain this away perfectly reasonably, of course, by postulating that it was just a cut-and-paste error with regard to the statement about Welbeck. But there are a few more details....
Published 1236 days ago
AIM-listed Inspirit Energy Holdings plc (INSP) has confirmed that its change of auditor was due to the resignation of PKF Littlejohn. There is a statement in FY15 accounts that the auditor was appointed during the year following the resignation of PKF Littlejohn LLP. But that means that PKF resigned during the year to way back in June 2015. When an auditor resigns there is supposed to be a filing to Companies House to that effect, with an accompanying letter from the retiring auditor giving the circumstances relating to the resignation, or a statement that there is nothing to be brought to the attention of the members or creditors of the company. Those are supposed to be filed to Companies House within fourteen days. Here we are more than six months later: where are they?
Published 1237 days ago
I have already flagged up enough Red Flags with regard to the ex-Lenigas play, AIM-listed Inspirit Energy (INSP) - see HERE and HERE - to consider it a share to keep well clear of even Desperate Dan's bargepole. But a change of Auditor is also a Red Flag, and there appears to be no statutory filing showing on the Companies House website to explain why PKF Littlejohn LLP is no longer in post.
Published 1238 days ago
I am now back from New York and arrived in Bristol about an hour ago. 7 hours sleep, since Saturday at 11 AM your time, and I am cream crackered. And so I shall shortly be joining the Mrs and my morbidly obese three legged cat Oakley in bed and going straight to sleep. Before that a bearcast covering BSD Crown (BSD), Inspirit (INSP), Evocutis (EVO), Scancell (SCLP) Motive TV (MTV) and the curent rumours surrounding 3 bent share tipsters and the FCA.
Published 1240 days ago
Oh dear. This looks horribly like a breach of AIM Rules - perhaps the company (or some avid reader) can help me because I can't find an announcement that Beaufort Securities has stepped down as Broker to AIM-listed Inspirit Energy (INSP).
Published 1242 days ago
Happy New Year to you all, I hope that you have a wild party tonight. Remember kids, if someone tries to sell you drugs just say no. You should always try to get drugs for free. Only kidding. Thanks to today's news about Pirate Pete Landau I am in a good mood. You send the Sheriff of AIM lawyers letters and karma is going to get you in the end. My good mood is compounded by diabolical interims from the David Lenigas boiler room operation Inspirit (INSP). It really is in the merde. I discuss companies that leave it to the wire to report.
Published 1252 days ago
Jabba The Hutt quit all five AIM Casino boards he sat on today. In this podcast I reveal the events of the weekend and discuss why he may have left. I warn him that the Nationals are on his case and so smearing me will be ever more pointless. And then I look at actions of the Bulletin Board morons who are still in denial. And finally at what this means for the Jabba stable. It is bad news. The best bet for near term zeros are Afriag (AFRI) and Evocutis (EVO) but Rare Earth Minerals (REM), Inspirit (INSP), Solo Oil (SOLO) and LGO Energy (LGO) are also all slam dunk sells as I explain.
Published 1252 days ago
This morning fat Aussie share ramper David Lenigas has, without warning, resigned from the boards of all five AIM Casino Companies on which he sat: Inspirit (INSP), Afriag (AFRI), Rare Earth Minerals (REM), Bacanora (BCN) and Evocutis (EVO). Why?
Published 1252 days ago
Jabba The Hutt has yet to announce his resignation from the board of Inspirit (INSP) but it must be imminent as he has quit four of his five remaining AIM directorships this morning. I guess in the boiler room they are not at full speed yet. Why the sudden departure from AIM? More on that later but here is a reminder of 12 questions I posed on 28 November for David Lenigas and of why you should have sold shares in EVERY company associated with him. Update: Big Dave quits Inspirit too.
Published 1254 days ago
Jabba The Hutt is no longer on the board but he ramps shares in Octagonal (OCT) on twitter and his pal from Inspirit (INSP), John Gunn, runs the show. Piss poor interims were out yesterday but being Jabba related they contained a clear breach of AIM Rules - just what was it trying to hide?
Published 1254 days ago
Naturally, ShareProphets is delighted to have been able to assist the Boiler Room in the Lenigas stable of AIM-listed companies, Inspirit Energy (INSP), in keeping up to date with its Companies House filings. Shareholders will be relieved to learn that it has now filed its Annual Return. But it has also filed a couple of Share Allotment returns....and the numbers don't seem to add up, unless you are a keen disciple of Leni-maths.
Published 1255 days ago
I am still on the prescription pain killers as you may be able to guess. And I am still pondering what to get the Mrs for Christmas - any ideas please post away in the comments section. I end with a question for Jabba The Hutt and Afriag (AFRI): tell me David Lenigas what is happening on January 20 2016? In the podcast I cover Infrastrata (INFA), disappointing news from Armadale Capital (ACP), Inspirit (INSP), Octagonal (OCT) - two John Gunn /Lenigas creations - Asian Citrus (ACHL), eServGlobal (ESG), Impact Holdings (IHUK) and ask the question could WH Ireland (WHI) - full dossier on its sins HERE - run out of free cash soon? The answer after today is that the pensioner muggers could well do so. Karma.
Published 1256 days ago
I am sitting here with my father in Shipston. We have just had a long argument about the deaths of Cranmer, Latimer & Ridley. Naturally we both insisted we had the facts right. I am now 1p better off as I was right. My father has gone to the White Bear early in protest. Back to the podcast, I start with US base rates and why the UK will follow and what that means (house price crash, bad for certain equities). Then it is the AIM disgrace of the day Concha (CHA), onto Afriag (AFRI), Inspirit (INSP), Ultimate Sports (USG), Fastjet (FJET), and the shocker of a July IPO Adgorithms (ADGO). It is another day of shame for AIM.
Published 1263 days ago
In this presentation from Gold & Bears I posed 12 questions that Jabba the Hutt will not answer. I then ran through the Lenigas portfolio explaining why you should sell shares in each of: LGO Energy (LGO), Rare Earth Minerals (REM), UK Oil & Gas (UKOG), Inspirit (INSP), Lenigas Cuba (CUBA), Evocutis (EVO), Solo Oil (SOLO) and AfriAg (AFRI). Enjoy...
Published 1289 days ago
Those mug punters who backed the 2p £1.7 million placing by David Lenigas AIM POS Octagonal (OCT) in June as it snapped up GIS, a firm owned by Big Dave’s pal John Gunn, have done better than most folks backing the fat Aussie share ramper. The shares are now 0.85p to sell, so in five months they have only lost 57.5%. Compared to other Lenigas car crashes that is not too bad. Now let’s start a series looking at what they actually bought.
Published 1300 days ago
This podcast ends with me thanking many readers for making me laugh. Before that I look at Lenigas Cuba (CUBA) and suggest that all 2p investors contact the Financial Ombudsman now. Then I discuss the - unfashionable - idea of taking responsibility for our own actions. Then I cover the fraud Globo (GBO) before looking at LGO Energy (LGO) and Inspirit (INSP) where placings loom very soon indeed. Then I cover World Careers Network (WOR), Standard Chartered (STAN), PeerTV (PTV) and Getech (GTC).
Published 1300 days ago
What is today's biggest disaster on the AIM Casino? Caza, Stellar, one of the Del Boy Lenigas stable? China fraud Geong? take your pick. The Casino is not fit for purpose. Surely the day of its demise looms. And on that note we ask you for suitable captions for the picture below. For what it is worth my entry is:
Published 1301 days ago
Should one feel sorry for shareholders in Lenigas Cuba(CUBA). Explicitly No! I explain why. Where does this shambles leave David Lenigas? In a bad spot I suggest for Afriag (AFRI), Inspirit (INSP) and LGO Energy (LGO) all of which need to raise cash. I also cover Cambian (CMBN), Caza (CAZA), Stellar Diamonds (STEL), Gfinity (GFIN), Atalaya (ATYM)- formerly EMED - and Fitbug (FITB)
Published 1315 days ago
We will ignore the preposterous Lenigas Cuba as we already know that it is trying to rope in suckers to pay 5p – a mere 25,000 % premium to what Big Dave paid for his own shares just three months ago. But which of the other companies associated with the fat Aussie share ramper will be next to place?
Published 1326 days ago
Naturally I have a complete box set of both the Rambo and the Rocky films on DVD. I have suggested to my Mrs and her mad lefty friends that we have a relaxing weekend in watching both box sets but for some reason they don't seem too keen. Perhaps they would settle for Delta Force? Did I read that there wil be a new Rambo film where he takes on ISIS? Bring it on. The quote is prompted by a threatening email received from the boss of a firm booted off the AIM casino. It will not wash. In this podcast I discuss Belzone Mining (BZM), aka Bellend Mining, Cloudbuy (CBUY), Inspirit (INSP) where I suspect the next news from the David Lenigas boiler room will be another placing, Sareum (SAR), Motive TV (MTV) and Getafix Stacey fave Feedback (FDBK).
Published 1440 days ago
Chris Bailey of Financial Orbit is on my mind for three reasons and I explain why. One of them is APR Energy which I discuss and Chris will post on later. I also look at two China POS stocks, the fraud Sorbic and Auhua Clean Energy. Then at Thor Mining, Trap Oil and Mosman Oil & Gas. Then it is onto the boiler room stocks: Inspirit, Sabien and Flowgroup. Warning: this podcast contains both bad language and also a lot of racist generalisations about folks from Australia and New Zealand with the exception of Kylie Minogue (pictured) who can, of course, do no wrong.
Published 1461 days ago
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at Inspirit Energy, FastJet, Stratmin Global.
Published 1566 days ago
I start - as I would always do when I err - with an apology and correction on Scholium as per yesterday's Bearcast. I then go onto high handed CEOs who say they do not care about Private Investors and get a big come uppance. Step forward the little shit who runs Northern Petroleum, Keith Bush. I comment on Inspirit and Ambrian and going back to oil I disagree strngly with Ben Turney (HERE), Gulf Keystone remains a stonking sell. I also touch on Igas, Afren and Hurricane. En passant I touch on the china frauds like China Chaitek and Camkids.
Published 1710 days ago
Yesterday started not so well with an announcement that Inspirit (INSP) was to issue 3,398,056 new shares for professional fees. That normally means a company is low on cash – not good. But Inspirit is cashed up. The company tells us this is a contractually agreed deal with the scumbag Nomad which can elect to take half its fees in shares.
Published 1722 days ago
A quick update on our share tip of the week from a fortnight ago Inspirit Energy (INSP) which we recommended at a 1.25p offer – the shares are now 1.55p-1.7p. They are still a buy and here’s why.
Published 1748 days ago
At the weekend we asked readers which of the eight stocks where marmite figure David Lenigas runs the show is likely to gain most this week. The start price was the Friday closing mid-price. We also gave a ninth option – that the FTSE 100 would outperform the lot. And so our readers said:
Published 1751 days ago
David Lenigas is a Marmite figure and larger than life character on AIM. He is involved in a stack of companies so which will do best next week for its investors …and we include an option for the bears as well. Voting closes midnight on Sunday.
Published 1776 days ago
Today I start a new side column for ShareProphets in which I plan to go through the swathes of David Lenigas companies on AIM. Naturally David says all his companies are cheap and uses flamboyant language to capture the attention of retail punters. I have looked at Leni Gas (LGO) before so I begin by sharing my thoughts on Afriag (AFRI) and Rare Earth Minerals (REM).
Published 1783 days ago
Now that small cap oil stocks are back in fashion if you are searching for a few ideas of where to put your money have a butchers at this video of FIVE CEOs from AIM enjoying a friendly banter about what is hot and what is not in the sector and what will be hot. This was recorded just three months ago at the UK INvestor Show and it is amazing how many good calls were made then The CEO stars are Matt Lofgran (Nostra Terra), David Lenigas (Leni Oil & Gas), Kevin Foo (Victoria Oil & Gas), Paul Rankine (Tomco) and Cathal Friel (Fastnet)
Published 1793 days ago
On Monday Inspirit (INSP) chairman David Lenigas bought, with the clearance of his Nomad, 1.5 million shares at 1.5p. On Tuesday a City spiv broker approached Inspirit and said he wanted it to place £250,000 shares with a client of his at 1.2p. We are lead to believe that this client has a short position opened up at 1.55p plus in Inspirit on the back of an RNS earlier this week which saw the shares hit 1.7p (some non-news on the manufacturing process).
Published 1814 days ago
David Lenigas popped by earlier in the week for a chat on a number of matters. As ever the great man had a lot to say on a range of issues. But a few points stick in the mind.