Results

Tom Winnifrith Bearcast: KPMG, Grant Thornton, Pinsent Masons - you are corporate scumbags but its not you but your employees that enable fraud

Published 106 days ago

Covering Quindell (QPP), Naibu (NBU), Patisserie Holdings (CAKE), Staffline (STAF), Sefton (SER) and more I look at the role of auditors and lawyers in enabling corporate fraud and what needs to change to stop this.

Tom Winnifrith Bonus Bearcast: PWC alleges accounting issues at Staffline, shares suspended - what next?

Published 109 days ago

I know that Thirsty Paul Scott was a major bull of Staffline (STAF) and a shareholder. Today's shocking news of allegations of accounting irregularities made by the company's own auditor PWC and a share suspension is enough to turn any man to drink. In this podcast I give background and explain what I think the outcome will be. It is bad but not, I suspect, a Patisserie Holdings (CAKE) but it might get very nasty.

Tom Winnifrith Bearcast: The return of Wildes, Roger Lawson and Lucky Lord Lucan

Published 111 days ago

I am plagued today by Bulletin Board Morons reporting me to the FCA, by Roger Lawson and some ungracious comments on fraud busting at Globo (GBO), Quindell (QPP) and Patisserie Holdings (CAKE) and by our former in house Bulletin Board Loon who has returned to really rile me with some vile comments on the holocaust which expose him as the Jew hating vermin that he is - HERE. I comment on Angus Energy (ANGS), UK Oil & Gas (UKOG), Domino's Pizza (DOM), Feedback (FDBK), Photonstar Led (PSL), Starcom (STAR) and Cabot Energy (CAB).  Footnote, Roger is now planning to run an amendment flagging up that I did advise folks to sell/short Patisserie warning "something's not right". Roger you are a gent.

Tom Winnifrith Bearcast: Luke Johnson is THE acceptable face of capitalism, Frontera (which is not), 1 day to go

Published 117 days ago

How I suffer for you dear listeners. All is explained. Then there is a long discussion on the administration of Patisserie Holdings (CAKE). I move on with a few more words on The Escape Group (ESC) which I covered HERE and then look at Eve Sleep (EVE) and the folly of Neil Woodford, Scancell (SCLP), Anglesey Mining (AYM), Ariana (AAU), Bluebird Merchant Ventures (BMV), Chesterfield (CHF) and Metro Bank (MTRO). Finally it is one day to ouzo time (again) on Frontera Resources (FRR).

Tom Winnifrith bearcast - bloodbath at the shopping mall & more shite journalism at the Sunday Times

Published 120 days ago

In this podcast I look at the utterly useless coverage of the LCF scandal provided by the Sunday Times which seeks to blame the poor old FCA for daring to trying to stop a ponzi. I then look at the bloodbath on the high street and the madness and denial of some. There is comment on Patisserie Holdings (CAKE) and Pizza Express and also on house prices in New York and what that tells us about Brexit.

Notes from Underground: Why read when Bearcast is around?

Published 120 days ago

Since I broke up the leaderboard into stories and Bearcasts—as a way of shoehorning in more stories—readers don't really get to see the domination of Bearcasts on the leaderboard, much to Tom's irritation.

Tom Winnifrith Bearcast: CyanConnode - did it deceive and Malcolm bonkers on bankers

Published 123 days ago

In today's bearcast recorded before my first training walk for Woodlarks I look at Sabien (SNT) and ask if CyanConnode (CYAN) misled ahead of its last bailout placing. I deal with the nature of fraud, the culpability of Luke Johnson (there is none) and Patisserie Holdings (C AKE) and then explain why I think Malcolm's stance on the bankers is bonkers

Patisserie Holdings …it gets worse: formal update from not so lucky Luke Johnson

Published 124 days ago

My pal Luke Johnson used to be known as Lucky. Just like Lord Lucan. Luke does not stand accused of butchering his nanny and is not fleeing the country but there is blood on the streets round at Patisserie Holdings (CAKE) and Luke’s luck seems to have run out. Though I was a perma bear on Patisserie it gives me no pleasure to be revealed as a superb journalist once again...

Next! Personal adventures and observations in the current retail landscape

Published 155 days ago

As I have noted before, it is probably a good thing that the UK economy is not based on my personal consumption habits, especially when the highlight of my annual 'pre-Christmas trip to the shops' was purchasing an advent calendar marked down from its original price by over 75%... A very cheap way to buy some good quality chocolates (and - naturally - to ascertain the quality level I had to consume days one to fifteen in one sitting). 

Notes from Underground: Chris Bailey is #1 three weeks in a row (misleading headline)

Published 197 days ago

What are your Sunday rituals? The most reliable one of mine is a phone call from Tom demanding to know where this column is.

Patisserie Holdings can still sell you a mean cake

Published 204 days ago

After everything that has happened to Patisserie Holdings (CAKE) in recent weeks, it is of little surprise that today's deadwood press includes an article about a potential bidder for the business: 

Patisserie Holdings – winding up petition thrown out, but…..

Published 208 days ago

A marginally less bad day today for AIM-listed Patisserie Holdings (CAKE), owners of Patisserie Valerie in that there was good news in with the bad as announced just before 9am this morning. The good news is that a winding up petition against its main trading subsidiary, Stonebeach Ltd, has been thrown out. Good news: no trip to the insolvency shop, then. As for the bad news, it is a relatively small matter but perhaps tells us what may have been going on.

Notes from Underground - Cake, will you do the honour of making my stomach the happiest bag of acid in the world?

Published 211 days ago

Clearly, the topic that brought loads of people into ShareProphets this week was  Patisserie Holdings (CAKE). It makes you wonder why this alleged fraud captures the interest of the mainstream media but the Globos and Folly Follies and Quindells do not. Is a high street presence what stops a scandal from being reported or not?

Stockmarket crash performance update: start of 2018 shorted AIM shares

Published 216 days ago

Early this year we showed Shorted AIM shares at the start of 2018. After the recent market slide and compared to late August, how's the latest performance?...

Tom Winnifrith discusses Patisserie Holdings fraud with Kelvin McKenzie on LoveSport Radio

Published 217 days ago

Kelvin McKenzie is a major hero of mine. His Sun front page Gotcha! with a picture of the Belgrano sinking was his finest moment on Fleet Street so it was a pleasure to be a guest on his radio show today. My section is about 20 minutes in

Tom Winnifrith Bearcast: A German Deal for Purplebricks - the land of milk & Hun-ny?

Published 217 days ago

First things first - we have almost raised the £2,500 needed for the Woodlarks Christmas grotto. I am sure you can spare a fiver to get us over the line HERE. Secondly, I am in London tomorrow and on the warpath and hope to see many of you HERE.  I was distracted today doing a radio interview with my friend and hero the great Kelvin McKenzie of "gotcha!" fame. That covered Patisserie Holdings (CAKE) and fraud and I continue with that theme. I also look at Superdry (SDRY), First Derivatives (FDP), Frontera (FRR) and Purplebricks (PURP). 

What I learnt from the Patisserie Holdings shocker

Published 218 days ago

A few days ago I mused upon occurrences at Patisserie Holdings (CAKE)  which I did not own shares in but intrinsically I liked...especially as a customer.  It seems to me that my gut feel back then that the combination of a skilful fraudster, poor internal controls and a professional lack of duty from the auditor all contributed.  As Luke Johnson - Chairman and biggest shareholder - noted in an article in lieu of his Sunday Times column this week: 

Tom Winnifrith Bearcast: In defence of Luke Johnson as he's mauled by a degenerate & ignorant Press

Published 218 days ago

First of all please read abut the Christmas Woodlarks Santa's Grotto £2500 appeal and donate a tenner. If you like bearcast you know you can afford it. Details are HERE. This podcast covers the shameful and ignorant treatment of Luke Johnson over Patisserie Holdings (CAKE) and I stand in defence of Luke. This country needs more folks like him not fewer and much, if not all, of today's coverage is shockingly bad in every respect.. 

Patisserie Holdings still has a chance to recover

Published 219 days ago

With any company where there has been fraudulent activity you have to consider whether there are more skeletons in the cupboard which could cause a further freefall in the share price when they emerge.

AIM Focus: Broker and Tipster Sentiment

Published 219 days ago

It’s been an eventful week on AIM. Patisserie Holdings’ (CAKE) announcement of “significant, and potential fraudulent, accounting irregularities” on Wednesday blindsided the investment community. Urals Energy (UEN) is comparatively smaller, but the company’s discovery of an unauthorised loan made with its funds – meaning the firms “working capital position will be significantly constrained” – brought some more unwanted bad press; UEN shares slid 31.3% since the announcement. With AIM firms making the news, we take at the current state of broker and tipster sentiment towards AIM over the last 30 days.

Tom Winnifrith Bearcast - Will RM2 be the first Woodford dog allowed to die and why Patisserie is so different from Conviviality

Published 219 days ago

In today's podcast I start with a brief but of macro babble then look at RM2 (RM2) specifiocally but  also at the wider Neil Woodford stable* of dogs. Then I discuss whether I'd buy into Patisserie Holdings (CAKE) at 50p. It is certainly not the same as Conviviality (CVR) which Thirsty Paul Scott bet heavily on the day before it went bust. There are similarities but 1 big difference.

Tom Winnifrith Bearcast: Luke Johnson's Cake and the (is it £20m) fraud, a few thoughts

Published 222 days ago

In today's bearcast I start with a look at Patisserie Holdings (CAKE) run by my pal Luke Johnson and I discuss the nature of fraud. I look at Sosandar (SOS) again and get really very angry (warning bad language alert), at FastJet (FJET), Telford Homes (TEF) and the folly of Government policy, Online Blockchain (OBC), and at Urals Energy (UEN) and the folly of the AIM Cesspit.

Patisserie Holdings - let them suspend CAKE

Published 222 days ago

Just when you think you have seen almost everything the market could throw at you...news today that Patisserie Holdings (CAKE) shares are suspended after 'the board of directors of the Company...has been notified of significant, and potentially fraudulent, accounting irregularities and therefore a potential material mis-statement of the Company's accounts'. Well we know what majority shareholder and Chair of the company Luke Johnson will be coordinating for the next few days, if not weeks and months…

Table of shorted AIM shares - week to 13/10/2017

Published 584 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Zak Mir's Great Request Show: Kennedy Ventures, Patisserie Holdings, Strategic Minerals,

Published 1284 days ago

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares in Kennedy Ventures, Patisserie Holdings and Strategic Minerals, setting share price targets for all three stocks.

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