VAST – having promised no more death spirals and then done one with no conversion notice within 30 days…….. WTF, Nomad Fatty?
Tom Winnifrith Bearcast: If First Derivatives only wants questions about how big its CEO's cock is I have a nasty surprise for it
Cloudcall – 2018 ‘a standout year in terms of innovation, platform investment and sales & marketing capabilities’… so cash burn?
Published 11 days ago
Neil Woodford’s Woodford Investment Management results for the year to to March 31 2018 have finally been released. The good news is they were filed on time – they were received by Companies House on Christmas Eve. The bad news is that over the period his equity income fund lost around 13.5% for his unit holders whilst the FTSE All-Share was broadly flat. And the shocker? Read on! This is the unacceptable face of capitalism, monstrous greed, as failure is rewarded...
Published 21 days ago
I still feel like shite and want to go to bed clutching a half full bottle of brandy. Pro tem I look at the disgrace of the New Year's honours lists for business and in general, I tell you exactly what Neil Woodford is hiding and I explain why the share tips of the year from my friend and colleague Darren Atwater are 100% insanity, the product of a mind infected with full blown Brexit derangement syndrome.
Published 452 days ago
Following on from today's truly shocking results from Lombard Risk (LRM) covered HERE I have more questions for the company not least on how secure is its overdraft on which it is, I suspect, already reliant and on the quite disgraceful salary compatibility review. Talk about rewards for failure. Then I look at Defenx (DFX), another horror story, before issuing a wake up call to our own in house Bulletin Board Moron Wildes and looking at Angus Energy (ANGS) and finally Dialight (DIA). Meanwhile it is now less than a month to the olive harvest and Greece. I cannot wait.
Published 503 days ago
A hat tip to ShareSoc's Mark Bentley for flagging up the case of Dennis Proctor, the former CEO of oil services group Hunting (HTG), whose "retirement" is a total scandal.
Published 510 days ago
There is no doubt that ex Provident Financial (PFG) boss Peter Crook was a grossly overpaid and useless CEO. The £40 million he trousered in ten years is obscene given the share price collapse and nature of his departure last week. I have noted before that fat cat bosses give capitalism a bad name and allow those who seek to undermine the only way to make the world a better and more prosperous place to attack we capitalists. Idiots like Theresa May play to the gallery in joining in.
Published 958 days ago
At the end of 31 December 2014, AIM dog with fleas Gable (GAH) had retained earnings (it has never declared a dividend) of £6,906,000 comprising retained earnings of £5,956,000 and a share based payments reserve of £950,000 over its circa 10 year history.
Published 1016 days ago
I had a few questions about the funding package which out-of-cash AIM-listed Cloudbuy announced on 31 March. The reward-for-failure options re-pricing already stuck in the throat (see HERE) but the GM circular really takes the biscuit.
Published 1030 days ago
I have already taken a look at the kitchen sink RNS of Thursday afternoon, issued by AIM-listed Cloudbuy (CBUY) an hour before the city packed up for Easter, with regard to re-priced options and concluded that we were looking at a reward for failure. There is much more to discuss from that RNS and here we look at the bailout refinancing which is proposed.
Published 1030 days ago
Thursday afternoon saw a packed RNS released by beleaguered AIM-listed Cloudbuy (CBUY) detailing all manner of news – far too much to cover in one article. I suppose that you can’t quite describe 3.32pm as no-one-is-watching o’clock, although it was less than an hour before the city knocked off for the Easter recess and one might imagine that most were packing their bags by then. Let’s start with the options.