Results

Is the post Letts bounce in blur justified? Nope - at last Roger Lawson is 100% right

Published 19 days ago

On Monday evening we were treated to the shock news that blur (BLUR) founder Phil Letts had been given the order of the boot just 18 days after his ghastly Mrs Kara Cardinale was also handed a P45 and a black bin liner. While the two of them relax at their luxury Devon Estate, shares in blur have enjoyed a relief rally to 4.75p ( now just 98.5% off their peak) but is that share price spike justified. Like hell it is.

Blur fires its founder & CEO Phil Letts, 18 days after sacking his ghastly Mrs - but where are the shareholders' Mansions?

Published 21 days ago

At 7 AM yesterday AIM uber dog Blur (BLUR) announced its god-awful results. At 8 AM after a bailout placing had been approved its shares came out of suspension. In the 7 AM results statement CEO Phil Letts noted "I welcome the new board members to blur and look forward to working with them." It seems the feeling was not mutual. By 5.32 PM Blur was announcing that Letts was leaving. Make no mistake, he was fired.

P45 for Rita Whittington - how SHE made $491,500 in 3 months, trading in Magnolia's back yard

Published 58 days ago

At a number of levels this is critical and adds to the, already compelling, case for diching Rita Whittington at the forthcoming Magnolia Petroleum (MAGP) GM. Putting family on the payroll is bad enough, operational failure & misleading statement after misleading statement are clear but this is sordid.

Milestone Group – a lifestyle business for Deborah White: the hard data

Published 156 days ago

I think Deborah White of Milestone Group (MSG) should be fired and then made to to a perp walk for her blatant breach of AIM rules with regard to non disclosure of price sensitive information. But there is another reason to hand Debs a p45 today...her stunning record of non delivery. It is worth chronicling just how bad it is.

Bowleven – did Artemis plunge the knife before bailing out to Crown and if so where is the TR-1?

Published 167 days ago

A brief line in an announcement by Crown Ocean has caught my eye in the latest twist in the battle to remove the useless board of AIM-listed Bowleven (BLVN). The board’s supposedly flagship farm-out transaction, with which CEO Kevin Hart expressed pleasure, seems to me have placed a maximum valuation of around $25 million on the company’s $100 million spent on Bomono. But I wonder whether major institution Artemis has sold out of the 14 million shares the market was told it held on Monday. If so, where is the TR-1, and did Artemis vote the shares against the board ahead of selling them to Crown Ocean? 

ShareProphets RNS Translation Service – Bowleven names the day

Published 189 days ago

And so finally, this morning, AIM-listed Bowleven (BLVN) has named the day for the requisitioned sack-the-board EGM. The company first announced receipt of the EGM requisition from Crown Ocean on 24 Jan and three weeks on it has finally got around to calling it – for 14 March. Hurried this is not. The ShareProphets RNS Translation Service explains all…..(original in bold)

Bowleven – ill-considered statement as Crown Ocean ups stake again

Published 196 days ago

AIM-listed Bowleven (BLVN), in the sights of activist investor Crown Ocean which has already requisitioned a sack-the-board EGM, has released a “provisional response” to the proposals. It looks pretty desperate from a board too used to sitting on its hands and overpaying itself and which looks slam-dunk for the tickety-tack when it finally gets around to calling the requisitioned EGM.

Reader Poll - should we sack Graham Neary for being too "nice"?

Published 336 days ago

In these times of austerity we are all in it together but sometimes one needs to consider a bit of budgetary restraint one must always look at ones overhead. In that vein, while Graham Neary said "sell" Fastjet (FJET) yesterday many of us feel that he was still too charitable. And then there was his article on Cloudtag (CTAG) where he failed to conclude that it was a worthless fraud. Is Graham just too nice to work at ShareProphets. I have a P45 with his name on it but should I use it? It is up to you to decide, the deadline for voting is midnight today (Wednesday 21st).

Buy your P45 for Stewart Dickson of African Potash infamy mug now!

Published 363 days ago

Stewart Dickson of Nomad Cantor Fitzgerald is today exposed for his role in the scandal at African Potash (AFPO) as the company misled investors ahead of a bailout placing, as it committed fraud. You can read about Dickson's role HERE as we launch the "Fire Stewart Dickson to clean up AIM campaign."

Poor Jocasta & Rupert are going to get fired - Foxtons Profits Warning (blames BoJo)

Published 422 days ago

Oh dear, all those posh kids who were too thick to do anything else and ended up working at upmarket London Estate Agents Foxtons are going to get fired. It is almost P45 time for the young toffs as a dreadful profits warning is out today which, utterly unfairly, blames Brexit. Bloody Boris Johnson. He's not only screwed half the woman in London now he's fucked Foxton's too. The rotter.

Tom Winnifrith Bearcast 19 April - God I am productive as 88 Energy Dumps

Published 491 days ago

I am still a tad under the weather but still I am jolly productive on the article front. In today's podcast I cover a valid point made by a UK Oil & Gas (UKOG) owning moron, look at Andalas (ADL) and 88 Energy (88E) - you were warned folks. Likewise Northern Petroleum (NOP) where I have no sympathy for CEO Keith Bush. He deserves a black bag and a P45 pronto. Frankly after his 2014 bonus piano wire is called for.

WH Ireland - back office to close at end May up to 30 P45s to be issued

Published 504 days ago

Pensioner mugging stockbroker WH Ireland (WHI) has not announced this via RNS yet but just to remind it to come clean, my source close to the action says that the back office unit of its stockbroking operation is to be closed at the end of May. It is not clear if the almost 30 staff - many of whom have worked there for more than two decades - have been given the bad news yet. Well I guess they have now.

Guardian & News International both firing another 100 staffers - the deadwood press dies apace

Published 535 days ago

Folks like greedy & disgraced Richard Chase of Nyota think that the deadwood press is still king and that online publications do not count. He has clearly been too busy lubing up for his next job at King's Cross to notice that the Independent has shut its print edition and that this weekend both the Guardian and News International have announced that 100 of their staffers will be getting P45s in yet another round of cost cutting.

Tom Winnifrith leap year Bearcast: the spectre of mass unemployment & a POS who deserves it, the liar Lenigas

Published 541 days ago

Warning: The podcast contains both bad language and also a lot of abuse directed at Australians.I start with the guys who run Slater & Gordon and accept that they can't be thrown to saltwater crocs who have not eaten since Christmas. shame. Its all down to geography. I then move onto the liar David Lenigas, Rare Earth Minerals (REM) and LGO Energy (LGO). Then to Bingo Bango Bongo (BGO) WTF is going on? Petroceltic (PCI) - the new Afren in every respect - and then to 4D Pharma (DDDD), Finally I dwell on the spectre of mass unemployment in certain sectors in China, the UK and the USA and what it means.

REVIEWED: ShareProphets writers share tips of the year for 2015

Published 608 days ago

On the long tack, it is congratulations to Tom Winnifrith with OptiBiotix Health (OPTI) soaring by more than 300%. Kudos also to Steve Moore (K3 Business Technology, KBT, +62% and Impellam Group, IPEL, +57%), Malcolm Stacey (Zytronic, ZYT, +43%), Chris Bailey (Coca-Cola HBC, CCH, +25%) and last of the double digit gainers Nigel Somerville (Core VCT, +11%). On the other hand, it is commiserations to…

Northern Petroleum – what a total fucking omnishambles of an RNS

Published 925 days ago

I have already explained in my Bearcast why Keith Bush, the CEO of AIM casino POS Northern Petroleum (NOP) should be taken out and strung up with piano wire for the contempt with which he has treated the owners of this company where he has been rewarded for abject failure. But today’s RNS requires further comment as it is a classic in omnishambles obfuscation. 

Reader Poll – when will Andrew “piggy” Austin of Igas be fired?

Published 950 days ago

It is a year to the day since Andrew Piggy Austin of Igas ( salary £670,000) told investors he was buying shares when in fact he was dumping a net £7 million worth in his dodgy loan deal with Equities First Holdings LLC.  In the 365 days that have followed shares in Igas have crashed from 135p to 35p. So when will Piggy get his much deserved P45?

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