Get your free seat to meet Mark Slater, the UK’s top fund manager of the past decade and hear what he is buying in EXACTLY 8 days’ time
Maistro – “pleased to report on the significant progress that has been made in 2018”… so why a further share price fall?
Bluebird Merchant Ventures – placing… but also further progress towards potential gold pour this year
Published 67 days ago
Some fools were buying shares in Flybe (FLYB) at up to 4p yesterday on the hope of a counter offer to the 1p a share Virgin/Stobart (STOB) bid. Fools. They should have followed the sage advice of ShareProphets. Today Flybe has knocked all that on the head and the shares have crashed to 2.57p. They are still 150% or more overvalued.
Published 68 days ago
I see that Neil Woodford is reported to be leading efforts to replace the top executives of fully-listed Kier Group (KIE), according to a report on Sky News. This is, of course, in the wake of a rights issue to pay off debt which fell flat (to put it mildly) and relied on the underwriters to be completed….and in the wake of Woodford stating on its website in September that we had a reassuring meeting with management today, which plans to substantially enhance the company’s cash generative capabilities… Overall, the company’s outlook remains very encouraging. Share price then – around £10….now it is just a fiver. Oops!...
Published 71 days ago
Oh dear, Oh dear. Is that the smell of burned Bulletin Board Moron fingers I detect? Flybe (FLYB) shares were 16p last night. This morning it has announced an agreed takeover from Virgin and Stobart (STOB) at just 1p per share. And that is generous. Lucian Miers and I did warn you.
Published 135 days ago
We have news this morning of Q3 numbers from Norwegian biometrics play Idex (OSE:IDEX). No doubt Neil Woodford’s team will extoll the virtues of the progress being made here, but I can’t help myself: look at the cash position!
Published 256 days ago
As you can see HERE, I have spent the morning loading a white van as boxes of my stuff heads out to the Greek Hovel which might just have a roof by the weekend! Yesterday i was in Manchester and braving its slums albeit with Brokerman Dan providing security was heroic. For that, if not for the planned 32 mile walk with Dan how about you give a tenner to Woodlarks HERE. On the podcast I cover Optibiotix (OPTI), another victim of Julie "lingerie on expenses" Meyer MBE on the phone, Stobart (STOB), FairFx (FFX), Mothercare (MTC) and - with not too much sniggering - the flop at me-too Viagra play N4 Pharma (N4P)
Published 258 days ago
Further to my “Exclusive” on Friday in which I predicted the outcome of the Stobart (STOB) Boardroom battle, the results finally came out yesterday more than 24 hours after the AGM began confirming that Tinkler and his gang had lost; however, it is worth considering what happens next as I doubt very much that this is the end of it.
Published 259 days ago
I had a quiet chortle to myself as I read Cynical Bear’s reading of his crystal ball with regard to the Stobart (STOB) vote, where he thinks Tinkler and Woodford have lost. Probably. But I wonder if the real winner will in fact be Neil Woodford the loser – and I wonder if he has been giving Gareth Southgate tips on managing his way through the World Cup. Gosh, this is devilishly clever…..
Published 260 days ago
With the hilarious Boardroom tussle at Stobart coming to its initial conclusion in Guernsey at 11am this morning, I’m calling it early. Just like Paddy Power has probably started out paying early on Brazil to win the World Cup, I reckon the incumbent Board have just edged this one and Tinkler will be weeping at his luxurious Cumbrian estate this evening.
Published 268 days ago
It’s undoubtedly been a good week for Neil Woodford, with the Autolus IPO getting off to a flying start and I also sense the Stobart tussle is moving in his direction too. Nevertheless, as I’m still in a grump about his shoddy debt non-disclosure last week, I thought I’d have a look through the Woodford Patient Capital Trust (WPCT) portfolio to see what else I could find as he’s always banging on about unicorns hiding in there somewhere.
Published 282 days ago
Earlier today Stobart (STOB) fired its former boss Andrew Tinkler and threatened legal action against him for his actions. Via the Winnileaks service, I have obtained the letter from Stobart’s solicitors Rosenblatt sent to Tinkler which discusses the damning allegations made against him in detail. What is most extraordinary is that he is alleged to have been working in conjunction with fund manager Neil Woodford on actions that would have benefitted Tinkler and Woodford’s funds massively, at the expense of everyone else. This could be a scandal too far for Woodford… The letter is extraordinary and we publish it in full below…
Published 282 days ago
More fun and games on the good ship Stobart (STOB) today with the Board not holding back and dismissing Andrew Tinkler from company and the Board and plan to bring legal proceedings against him, juts as I thought Tinkler (or Tinker as the Sunday Times called him at the weekend) might have been edging ahead.
Published 293 days ago
Continuing my commentary on the fascinating public boardroom battle being played out at Stobart, I thought I would highlight the role that the media plays in these and other more traditional hostile takeovers as I must tip my hat to the home team and their use/manipulation of the Sunday Times today.
Published 297 days ago
As a keen observer of the public markets, I love a good old-fashioned boardroom squabble as much as the next man but the one being played out in public at Stobart (STOB) is funnier than normal as the Tinkler/Ferguson tiff is only part of the comedy. Sure the details being shared add to the amusement but I am more concerned about the fact that Neil Woodford and Invesco’s Mark Barnett may have fallen out too – is the protégé finally casting the shackles aside?