Results

Tom Winnifrith Bearcast: Not grabbing Mrs Chav's Pussy and as Julie Meyer threatens myself and Nigel Wray - how I will respond

Published 32 days ago

In today's podcast I explain what happened with Mrs Chav's pussy and also about how the move to Wales and the Grim North went and why this is now a bigger project than the Greek Hovel. I cover Bould (BOU) and systemic market abuse, Telit (TCM) and its dire results and the threats to Nigel Wray and myself from Julie Meyer. I gather the Times has also been threatened and it is standing its ground. How do you think I will respond ahead of a 5PM deadline?  Meanwhile we are now at 25% of our £40,000 rogue bloggers for Woodlarks target and i urge you to check out the rioll call of heros ( even if you are a dripping lefty who thinks my world view stinks) and join them HERE.

Telit – how about an update on that $38.5 million Chinese IOU?

Published 39 days ago

On February 27 Telit (TCM) finally completed the $105 million sale of its Auto division. Well almost. There was the little matter of $38.5 million which was not paid on completion but via a “Vendor Loan”, to you and me, an IOU. But hang on, back then we were told:

Five slam-dunk sells for 2019 – March edition, as Walcom struggles on (just)

Published 57 days ago

Last month one of the five had its denouement as AIM-listed Haydale (HAYD) had an emergency bailout  - as long predicted by me -  at only 2p. That left just four. My suspicion was that AIM-listed member of the Filthy Forty, Walcom (WALG) would be next with its head under the guillotine and the news there was only marginally better as death has been postponed to June.

Telit is still a short it is a matter of when not of its shares crash

Published 71 days ago

I wrote recently about Telit Communications (TCM), suggesting that the shares were worth selling whether or not it received $105 million from TUS for the sale of its automotive division.

Telit finally completes the sale of its Auto Division… well sort of

Published 82 days ago

This was the $105 million deal, announced in July, that was meant to complete on December 7, then January 31 , then February 20 and now… well it appears China based TUS does not have all the moolah it needs yet. 

Five slam-dunk sells for 2019 – one down, four to go

Published 86 days ago

They say that a week is a long time in politics (attributed to Harold Wilson), and so it seems with the equity markets. A week ago my portfolio of five shares to sell was actually up by 4.6%. Now, all of a sudden we are at minus 8.6%.

Telit – Chinese takeaway delayed again

Published 88 days ago

The sale of the auto division of the Telit (TCM) fraud to Hong Kong based TUS was meant to complete on December 7. Then on January 31. Then on February 20 and now… another few days we are told. Remember this deal was first announced last July so it is not as if anyone has had to move fast.

Tom Winnifrith Bearcast - Being a Purplebricks bull must be enough, I'd imagine, to turn a man to drink

Published 88 days ago

In today's podcast I discuss Lonmin (LMI) but more importantly why I'd not invest in any South Africa based company, Purplebricks (PURP), Telit (TCM), Dev Clever (DEV) and Optibiotix (OPTI).

Tom Winnifrith Bearcast: Haydale misleads and some investors are too thick to realise

Published 89 days ago

Today's podcast focusses in on the sheer stupidity of some private investors and covers Flybe (FLYB), Haydale (HAYD), Telit (TCM) and finally the disgraceful tale of crony capitalism that is Davictus (DVT).

Tom Winnifrith Bearcast: why I am a journalist not a thirsty share blogger & count-down for Telit

Published 90 days ago

I start by issuing a correction. That is what journalists do and thirsty share bloggers don't when they goof. That refers to Footasylum (FOOT) though my generic point still stands. I also cover Telit (TCM), UK Oil & Gas (UKOG), Dev Clever (DEV), Plus500 (PLUS) and Patagonia Gold (PGD) and other loss making companies that, for some reason, have net debt.

Five slam-dunk sells for 2019 – mid-February update

Published 91 days ago

It is four weeks since my last update, so it is time to take another look at my sells for 2019. The five have, as a whole, had a better month but I cannot help but think that for three of them the precipice approaches...

Thoughts on Telit as D Day looms (Wednesday)

Published 91 days ago

As I write, the Telit Communications (TCM) share price at 120p is trading close to its lows as next Wednesday looms. This is the date that the acquisition of its auto division by TUS International, postponed twice already, is “expected” to complete…

Tom Winnifrith Bearcast: Oi Telit, Accesso & Westminster, BMD thinks I'm trying to sell you a stand at UK Investor

Published 98 days ago

Dan Levi reckons that I was being beastly about Dev Clever PLC to sell it a stand at the UK Investor show. He says so without listening to what I actually said. Maybe I am also trying to flog stands to Telit, Accesso and Westminster Group? Oi fatso Baldry if I mention the 3DM fraud again will you take a stand at a show I don't actually own. Whatever... In this podcast I also cover Telit (TCM), Blue Rock Diamonds (BRD), Jim Mellon's SalvaRX (SALV), Accesso (ACSO) and Windar Photonics (WPHO). It is silliness like this that make me want to call it a day sooner rather than later.

Telit – auto sale delayed how does FinnCap sign off on such nonsense with a straight face?

Published 108 days ago

As I warned would happen yesterday, the sale of Telit’s (TCM) auto division to Hong Kong based TUS has again been delayed. We are now told that it won’t meet the 31 January (new) deadline but will happen on or before 20 February after the Chinese New Year. Whatever… the statement itself throws up an enormous red flag, how on earth Nomad FinnCrap (FCAP) signed off on this crap defies belief…it is almost as if it is only in it for the retainers and does not care about doing its job properly.

Tom Winnifrith Bearcast: Lunch with Lord Lucan on offer - 1 kill (for me) so far today, three more to come?

Published 109 days ago

In this podcast I discuss a generous offer from Angus Energy (ANGS) then the kill (London & Capital Finance) now shown as a ponzi, and the possible kills to come: Alien Metals UFO) formerly Arian Silver (AGC) - stick that in your pipe Yellow Jersey motherfuckers - Telit (TCM) and Cabot Energy (CAB). Tick tock. Tick tock. I also look at Reach4Entertainment (R4E) and discuss what happens when bad management meets good assets and then what happens when a good manager arrives. Suffice to say, Reach is very cheap indeed.

5 Sells for 2019 – early January update

Published 119 days ago

I thought I’d update on my 5 sells for 2019 as after just a couple of weeks a few cracks are beginning to show already. The five, Telit (TCM), Haydale (HAYD), Yu Group (YU.), Walcom (WALG) of the ShareProphets AIM-China Filthy Forty and First Derivatives (FDP) are not necessarily shorts – some, such as Walcom, couldn’t be shorted anyway. But they are sells.

Telit – auto sale on track, trading statement is a load of cobblers: sell

Published 125 days ago

There is good news and bad from Telit (TCM) today. But overall the company founded by mortgage fraudster & fugitive from US justice Uzi Katz, who is under FCA investigation and still pulling the strings, remains a total bargepole at 132p.

Are the wheels about to come off ref Telit’s disposal?

Published 134 days ago

I can’t help but notice that the share price of AIM-listed Telit (TCM) hit a new end-of-week low last week, closing down at just 118.9p – a level not seen since August 2017. Of course, that still capitalises the company at £152 million, which seems extraordinary for a company looking to sell its crown jewels to leave it with, according to The Sheriff, perhaps only $10-20 million of cash at peak working capital usage. And loss making at the full year. But why the collapse now? Is that anything to do with the putative purchaser?

Shorted AIM shares at the start of 2019

Published 135 days ago

We review the performance of the shorted AIM shares as at the start of each year. For 2018 that review is HERE and, from the FCA's spreadsheet of short positions required to be disclosed to it, we now have the shorted AIM shares at the start of 2019 (those in bold remain from 2018)...

5 Slam-dunk shares to sell for 2018 – the result

Published 139 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.

Tom Winnifrith Bearcast: the most shorted shares on AIM - the bear case is now even stronger

Published 148 days ago

I start with a look at Frontera Resources (FRR) and what should and what may happen on Monday in light of this weekend's revelations. You would not want to be long of this one. Then I look at the most shorted shares on AIM and explain why for many of them, notably IQE (IQE), Telit (TCM), ASOS (ASC), Boohoo (BOO) and Victoria (VCP) the bear c ase has just got that much stronger, by an order of n, in the past few weeks. Finally a warning for shareholders in First Derivatives (FDP) - I have a small present for you tomorrow. :)

5 Slam-Dunk Sells for 2018 – almost the final reckoning

Published 148 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!

Tom Winnifrith Bearcast - when does forced selling by fund managers become a flood?

Published 153 days ago

I start with the issue of fund managers and redemptions and thus forced selling of shares. Not just Neil Woodford, a special case, but generally. I look at this in the context of what corporate newsflow I expect in January.  I also look at Urals Energy (UEN), Telit (TCM) and the FCA, Andalas (ADL) and UK Oil & Gas (UKOG) answering a point posed by our own in house Bulletin Board loon Wildes HERE.

VINDICATION: Telit – FCA enquiry widened, implication is of wholesale securities fraud re 2017 placing

Published 153 days ago

The fraud that is Telit (TCM) continues to unravel. We already knew that ex FD and CEO Yosi fait was being investigated for selling all his shares in early July 2017 while he was aware of damaging price sensitive information ( a profits warning) – that would be insider dealing. We know that founder, former CEO and the man who is still running Telit via puppet directors, Uzi Katz, is being investigated for not admitting that he was a fraudster and fugitive from justice.  Now it gets bigger.

Tom Winnifrith Bearcast: Just how many AIM Rules must you break before Finncrap gives a damn and quits?

Published 160 days ago

I prepare for Joshua's first meeting with Santa in 2018 and discuss that. I look at Telit (TCM) and its latest wholesale breach of AIM Rules. Why does FinnCrap (FCAP) not care? I ask when FinnCap will have its first profits warning. I look at Purplebricks (PURP), Mysale (MYSL) and Bilby (BILB).

Numis statement shows why FinnCap’s IPO today is such a stinker

Published 166 days ago

FinnCrap (FCAP) has today listed on AIM having raised £3.75 million of new monies while insiders dumped £1.25 million of shares on mug punters. Unfortuanately for smug Sam Smith and the FinnCrap team a statement on current trading from Numis (NUM) shows just why FinnCrap rushed to get its own IPO away and why it should be avoided like the plague.

Tom Winnifrith bearcast: Spooooooooooooooooooof from Audioboom, is a Woodford dog on death row & Gabriel Grego's new mega short dossier

Published 168 days ago

Gabriel's dossier should appear here 2.15 PM London time. It is explosive. In today's podcast I discuss Telit (TCM) and shamed FinnCrap, Halosource (HAL) and hapless Neil Woodford, Audioboom (BOOM) and a backfiring spoof, Tomco (TCM), Yourgene (YGEN) and the weather here in Greece as the olive harvest draws to a close.

Tom Winnifrith Bearcast: will FinnCrap show a shred of integrity and quit as Telit's Nomad tomorrow?

Published 168 days ago

A delayed bearcast as it is all go at the Greek Hovel with the olive harvest. Comrade Andrew Bell has departed but the Albanian cavalry has arrived. More on that on my own website later, with photos. In today's podcast i start with the explosive news about how wretched Theresa May has misled MPs and the nation over Brexit. Surely she must go now. And I ponder events in France. Do we really want to be in bed with that sort of place. Then onto Telit (TCM) where the Sunday Times has big news. This could be a zero by tomorrow. I discuss in detail. I also comment on another fraud, MySquar (MYSQ)

Tom Winnifrith Bearcast: How Green is my valley and how cool is my hovel

Published 174 days ago

I am back at the Greek Hovel and the noise outside is quite unbelievably torrential rain. I discuss the weather and how stunning the Hovel now looks. Photos are starting to go up HERE on TomWinnifrith.com. I look at Optibiotix (OPTI) and today's stunning news. Cynical Bear needs to get ready to send me another bottle of ouzo. I look at Xeros (XSG), Thomas Cook (TCG) and Telit (TCM) where the clock is ticking ever louder. I have a few more words on the IPO of FinnCrap.

Tom Winnifrith Bearcast: the game changing news for my family & is the Telit disposal falling apart?

Published 177 days ago

In today's podcast I reveal what that game changing news I alluded to ten days ago is. I discuss why its wrong to blame Brexit for everything (as per Malcolm AGAIN today and others) and look at the particular problems of the EU, an economic corpse in waiting. Why would anyone wnat to tie us to such a zombie?  Finally a look at Telit (TCM). Is its disposal of auto collapsing? A statement is needed. The shares look sickly.

Five slam-dunk sells for 2018 – November update and change of stance on one share

Published 177 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.

MySquar: admits monies missing, cash almost gone, Schaer doing a runner, placing pulled – shares suspended. Oh what fucking joy!

Published 196 days ago

Oh dear. Oh Dear. I pointed out that MySquar (MYSQ) had lied and committed fraud numerous times – notably with the 31 July 2017 placing – but Nomad SP Angel was happy to turn a blind eye and bank its retainers. Marcus Stuttard and the keystone cops at AIM Regulation were given specific warnings but did nothing. Now the whole thing has blown up so who looks like a frigging clown now Marcus? Is it Tom Winnifrith, the real Sheriff of AIM, or Marcus Stuttard, a man who is meant to regulate but instead turns a blind eye to blatant fraud, a useless not fit for purpose fucking poltroon?

Five Slam-dunk sells for 2018 – October update

Published 205 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……

Is the Finncrap IPO a sign that AIM is doomed

Published 207 days ago

Today brings news that FinnCap, Finncrap to its friends, the biggest AIM Nomad and broker is to buy Cavendish Corporate Finance, the corporate advisory firm run by pompous Tory Lord Leigh, who claims to speak for ordinary shareholders but is actually a City fat cat like the rest of them, and that the combined business will itself list on the casino in December. Is this a sign that AIM is headed into irreversible decline?

5 Slam-Dunk sells for 2018 – September update

Published 231 days ago

Another month has passed, so it is time for another look at my portfolio of AIM stocks which I marked as slam-dunk sells at the beginning of the year. The five in question are UK Oil & Gas (UKOG), Frontera Resources (FRR), Telit (TCM), Inspirit Energy (INSP) and Catanae Innovation (CTEA), formerly Milestone Group. At the last count the portfolio was down by 22% - what is the score now?

Two shares that tipsters are avoiding in 2018

Published 239 days ago

Last month Stockomendation reviewed the companies with perfect broker and tipster ‘buy’ ratings so far in 2018. This week, we take a look at the opposite side of the spectrum, and identify the two companies with the highest proportion of ‘Sell’ or ‘Avoid’ tips so far this year.

Tom Winnifrith Bearcast: if you want me to slate my (few) friends you can go feck yourselves

Published 240 days ago

In today's bearcast I discuss my coverage of companies where the CEO is a friend. I ask what exactly Purplebricks (PURP) is hiding in Oz and explain why its shares are sliding amid new allegations, I look at Telit (TCM), Tungsten (TUNG), Xeros Group (XSG) and Westminster Group (WSG)

Is AIM in a bear market?

Published 251 days ago

I see that another three AIM companies ended their membership of the Casino this morning, namely Dalradian Resources (DALR), Zamano (ZMNO) and Weatherly International (WTI). On the one hand I keep hearing how AIM is outperforming the main market (something of a turnaround, at long last – and for the cynical perhaps a sign that the bull run is coming to an end!) but I keep seeing departures. AIM may have outperformed the main market, but I wonder for how long given the mad exuberance of shareholders in the likes of Frontera (FRR), UK Oil and Gas (UKOG) and Tern (TERN). And, as I discovered this morning, the number of companies listed on AIM still seems to be falling away markedly.

Tom Winnifrith Bearcast; The fraudsters face lapdog journalist Harrington is at it again & the definition of stupidity

Published 253 days ago

Ben Harrington has another tale about Telit (TCM). Truly the fraudsters favourite journalist is a stain on an entire profession. So what to read into this latest Jackanory? Meanwhile some of those attacking me on twitter, after a Steve Holdsworth tweet in support, display almost the classic definition of stupidity. They will, I fear, remain in social housing with this approach. I also discuss Boris, shagging and nasty smears by wretched Theresa May.

Beer & Popcorn time: The man who backed the Quindell fraudsters moves to oust Insider dealer Yosi Fait from Telit

Published 254 days ago

Davide Serra is a man with a track record of terrible calls. For starters he was pals with call Me Dave Cameron. Then he stuffed other folks cash – the funds he manages – into Quindell and sent pompous missives to the FCA demanding that we fraudbusters who were pointing out the blatant fraud be hung drawn and quartered. Quite simply Serra is a fool and a prick. Natch he has bought up 5% of Telit (TCM), the company founded by the US mortgage fraudster and fugitive from justice Oozi cats, nee Uzi Katz.

Tom Winnifrith Bearcast: Telit & Yosi Fait, Tesla & Elon Musk - who is going bust and who is going to jail and or the mad-house?

Published 256 days ago

I start with a few thoughts on just how wonderful it is up here at the Greek Hovel, truly it is peaceful and heavenly. Then a thank you for your kind emails and comments on poor Oakley. Then this podcast takes an in depth look at Telit (TCM), run by insider dealer Yosi Fait, after its interims yesterday and at Tesla (TSLA) run by nutso market abuser Elon Musk after his latest outburst. 

Five Slam-Dunk Sells for 2018 – August update

Published 267 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.

5 Slam-dunk sells for 2018 – July update

Published 295 days ago

I suggested five stocks to sell for 2018 as part of the ShareProphets Christmas tipfest some seven months ago. This tale this month shows just how mad the AIM market is in this bull market: it seems that investors have simply lost their senses.

Telit & that disposal - still a sell

Published 309 days ago

After nearly a year of trying, Telit Communications (LTCM) has finally announced the sale of its Automotive business. This is to Hong Kong-listed TUS International for $105 million (£80 million), a long way shy of the £100-150 million being bandied around by the FT back in October.

Tom Winnifrith Bearcast - Its not that I don't believe Rob Proctor means what he says, but...

Published 309 days ago

I am now back from my 12-14 mile walk of which the first six were solidly uphill. I have posted details of what happened on my own website HERE - it was an adventure. Think of me trekking up the mountain road and please make a donation to Woodlarks ahead of my 32 mile walk with Dan in two weeks time. Donate here. In today's podcast I look in detail at Audioboom (BOOM) and its statement of yesterday. And I flag up some more red flags regarding Telit (TCM).

Tom Winnifrith Bearcast: Evil makes £25k betting AGAINST England, Telit - the numbers don't stack up

Published 310 days ago

For reasons explained in the podcast my walk up into the mountains is postponed until Saturday. So the suffering is delayed. Don't delay with a donation to Woodlarks HERE. In the bearcast itself I look at Evil Knievil's World Cup gambles and who he is backing in the final, at a potentially horrid spat at Bacanora (BCN) which looks set to get very nasty indeed, into murky share deals at Cabot Energy (CAB) - a massive scandal in the making and in real detail at the Telit (TCM) disposal announced today. The numbers just do not stack up.

Tom Winnifrith Bearcast - Breaking news on the MySquar fraudsters

Published 312 days ago

I shall soon be on my first training walk in the 34 degree Greek heat. This is just a short five miler but on Friday I plan a 12 mile plus stroll of which the first five miles is solidly uphill. For that surely you can donate a tenner to the Woodlarks charity walk appeal HERE. In today's bearcast I look at MySquar (FRAUD) where I have breaking news, Audioboom (BOOM), Johnston Press (JPR), Safestyle (SFE), Telit (TCM), Conroy Gold (CGNR) and Indivior (INDV).

Tom Winnifrith Bearcast: Led badly astray by Evil Banksta and remoaniac Brexit loathing loon Jonathan Price

Published 313 days ago

Both men attended last night's UK Investor presentation and then plied me with drinks after the event and then at a pub. I rarely drink anything these days and I reacted very badly. God knows how I made the plane but, in the end, I did and woke up in Kalamata. A bit on last night and on Greece and then I look at Telit (TCM), Online Blockchain (OBC) where Clem Chambers' spoofing seems to be having less and less effect and finally the fraud MySquar (MYSQ). It is day two of the trial it wont tell you about.

Five slam-dunk sells for 2018 – June update

Published 323 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.

Tom Winnifrith Bearcast: Sorry I made a mistake yesterday

Published 327 days ago

The mistake in yesterday's podcast was on Telit (TCM). In fact it is even worse than I thought! The good news is that sponsorship of the walk I'm doing with Brokerman Dan for Woodlarks has now topped £9,000. I explain here why this walk makes the difference between Woodlarks having to cut services or carry on, please do give a tenner today. This afternoon sees Joshua and I on another training walk, my second in two days. Think of my pain and COUGH UP HERE. In a long bearcast I predict that, after today's shocking news, FastJet (FJET) will be sold for £1 and explain why. I look at Havelock Europa (HVE), 88 Energy (88E), Lyin' Steve Sanderson's UK Oil & Gas (UKOG), Frontera (FRR), Andalas (DOG), Mysquar (FRAUD) and Audioboom (BOOM).

5 Slam-dunk sells for 2018 – will we see a casualty this week as results deadlines fall due?

Published 330 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?

Tom Winnifrith Bearcast: the fraudster's best friend in journalism, Ben Harrington, does his master's bidding again

Published 332 days ago

In today's podcast I cover in detail Telit (TCM) and also look at MySquar (MYSQ) partially in light of today's stunning news HERE. I look at Audioboom (BOOM), Frontera (FRR), Woodford Patient Capital Trust (WPCT), Prime People (PRP) and 88 Energy (88E). Tomorrow I will be bored to death by Lucian Miers, he will drone on about West Ham for 6 hours as we complete a 19 mile training walk from Bristol along the Avon to a few miles past Bath. I am building up to my 32 mile walk for Woodlarks with Brokerman Dan on 28 July. Think of my suffering tomorrow and please donate a small sum HERE.

UK Oil & Gas and Tern: Summer Madness

Published 338 days ago

As the sorry saga of UK Oil & Gas (UKOG) reminds us, AIM stock promotions invariably revert to mean. The company, on Friday, announced a placing at 0.9p, pretty much the level at which the shares were a year ago before they succumbed to retail summer madness and sky-rocketed to ten times that level.

Catalysts at Tesla and Telit - keep selling!

Published 349 days ago

In these benign markets, the word “catalyst” is heard frequently among bears. They may agree that they have found a real turkey, but fret about what specific event will engender a sudden loss of confidence and resultant share price fall. I suggested recently that a cash crunch is the most reliable catalyst for a correction, but it’s not that straightforward as demonstrated by two of my favourite shorts - Tesla (NASDAQ - TSLA) and Telit (TCM), both of which have traded sideways for a while.

5 Slam-dunk Sells for 2018 – May update

Published 358 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.

Tom Winnifrith Bearcast: Bankers are not nice folks, I know, I was one - ref Telit & The People's Operator

Published 370 days ago

First of all thanks to so many of you for your kind responses to yesterday's bearcast - I am now in a serious dialogue with the Police and I hope they will catch and prosecute the culprit.  In today's podcast I look at the Sunday Times Rich List which is largely fiction, at Audioboom (BOOM), MySquar (MYSQ), Premaitha (NIPT - where we own shares and indeed have bought more - The People's Operator (TPOP) and Telit (TCM)

EXCLUSIVE: A 1 billion super scam exposed - we publish the dossier & slideshow on Folli Follie

Published 381 days ago

At this very moment the man who exposed Greek based AIM superstar Globo (GBO) as a total fraud, Gabriele Grego, has just concluded a speech in New York. Ed Croft need not worry, for once the mega scam Gabriele has debagged, is not a stock he has tipped, as he did with Globo. We have the full dossier Gabriele has prepared and it is explosive.

Tonight we expose a 1 billion fraud - tomorrow Tom W share tip & Mark Slater's buys

Published 382 days ago

Do you really want to miss out on all of this for the sake of saving just £5.99 a month? Tonight on ShareProphets we will expose a 1 billion capitaised fraud. Make no mistake this is a zero. And we will also reveal which idiots have threatened Tom Winnifrith with legal action as well as publishing another main stage video from UK Investor - Mr Property, Nick Leslau. But to access all this premium content you need to invest £5.99 a month. And tomorrow is Mark Slater day.

Tom Winnifrith Bearcast: Who sent me the lawyer's letter and suspending disbelief (pro tem) on Tesla, Telit & Purplebricks

Published 383 days ago

The lawyer's letter? I must keen you in suspense as I discuss with my lawyers how to respond so you can still vote on who sent it HERE. I also chatted today to Lucian about three slam dunk shorts: Telit (TCM), Purplebricks (PURP) and Tesla (TSLA). Or are they slam dunks? Might disbelief be suspended forever.? I then look at Photonstar Led (PSL) at Conroy Gold (CGNR) and at how AIM gives capitalism a bad name by not letting bust companies such as Andalas (ADL) fail.

Telit & that shocking Window Dressing of Debt - a reader assists

Published 383 days ago

I asked the question yesterday whether the net debt figure claimed by Telit (TCM) as at 31 December was representative. If so why have so much expensive debt but also so much cash yielding bugger all. A reader helps - this is window dressing.

Tom Winnifrith Bearcast: No 1 Catching up on the Telit and Andalas lies and scandals

Published 384 days ago

After getting back home from Sweden in the late afternoon I jotted down my thoughts on Andalas (ADL) a company still insolvent after a placing on Monday and where the stench of the greed of its ex CEO Dave Whitby is omnipresent. Then it was onto results from Telit (TCM), the insider dealing of its CEO, possible disposals, 88 definitions of profit and the ongoing mega cashburn which is the grim reality.

Alas Paul Scott I knew him

Published 387 days ago

When Paul Scott starts his morning newsletter with references to Chaka Khan you kind of fear that he is drunk in charge of a keyboard. He ended his long & less interesting than usual missive yesterday, which was largely a cut & paste,  with the phrase "Let's have less Tom Winnifrith please! He causes stress & anguish - go away Tom, you're a bore." and then sent his tedious column to various folks such as Nigel Wray.

Table of shorted AIM shares - week to 27/04/2018

Published 387 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 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Aide Memoire for the FCA: Telit Communications. Never Let Bygones be Bygones. Sell

Published 408 days ago

“Let bygones be bygones” is an extremely dangerous sentiment when it comes to investing and invariably leads to regret and recriminations. It is certainly the wrong sentiment for regulators. It was apparent last year in Telit Communications (TCM), which was given a relatively easy ride by the market after it emerged that its founder and CEO, Uzi Katz, was a fraudster and fugitive from justice.

Q1 performance update: start of 2018 shorted AIM shares

Published 410 days ago

Early this year we showed Shorted AIM shares at the start of 2018. After the first quarter, how's performance?...

Q1 performance update: start of 2018 top shorted London-listed shares

Published 410 days ago

Early this year we showed the ten top shorted London-listed shares at the start of 2018. After the first quarter, how's performance?...

Tom Winnifrith Bearcast: crack out the ouzo for Telit & Eqtec debaggings and the Optibiotix (good) news

Published 419 days ago

What a great day. Telit (TCM) is under investigation by the FCA and Eqtec (ETQ) has really screwed up although why can't its PRs tell the truth for once and admit that its change of strategy was because I caught them all with their pants down and exposed them? This scandal begs real questions of Nomad Northland - hey chaps have you handed back the £75,000 yet? I also look at Optibiotix (OPTI) where last week's share purchase looks all the more prescient after news today.  I look at Mosman Oil & Gas (MSMN) which is a dog whatever Zac Phillips is paid to say.  I comment on Quartix (QTX) - insider dealing or bad luck?  I comment on cash strapped SalVarx (SALV) - time for Jim Mellon to get his wallet out again methinks. And I look at Quadrise (QFI) where a placing looks inevitable after today's debacle. 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

Telit: The Unravel Continues

Published 429 days ago

The market was remarkably sanguine about the operational update served up by Telit (TCM) this week and at 160p the shares remain a compelling sell.

Brokerman Dan literally robbed in new ADVFN awards - surely he had a hat-trick in the bank?

Published 432 days ago

ADVFN (AFN) has today published its list of big advertisers on its website, oops I meant to say its awards for outstanding contributions to financial services. As ever I take the list of winners with the gravity that is merited. They really are the cornerstone of the financial calendar these days. But one fact screams out at me: BrokerMan Dan Levi was on a hat-trick as share blogger of the year - surely he had the title in the bank. But he's been robbed. 

Beware the Unnamed ref. BNN, MySQUAR, Telit and Versarien

Published 436 days ago

When a company issues an RNS which involves an unnamed third party, investors should run for the hills. In the case of BNN Technology this is problematic as the shares have been de-listed from AIM because the last NOMAD Strand Hanson resigned and no one else was prepared to take it on (not a good sign when you consider the depths that most NOMADs are prepared to plumb for ready money).

Tom Winnifrith Bearcast - an angry shareholder on the BMR Scandal and a share sale validating The Big Short

Published 464 days ago

I am very excited by working through the most wonkish of data sets to show Channel 4 was serving up A grade fake news as it reported on the drought in SA last night. More on that HERE. I start with the BMR (BMR) scandal where i am an angry small shareholder. The problem is that this is not an isolated incident, I look at Telit (TCM), MySquar (MYSQ) and Sefton (SER) where crime really did pay.  Then I look at an Optibiotix (OPTI) share sale and indicate at what point i will, again, be buying. I look at a share sale in BCA Marketplace (BCA) and why that is such a massive red flag compounding the thesis explained in my major report of last Autumn, The Big Short.

FCA short positions table: more bad news for Woodford ahead?

Published 469 days ago

I have been taking a look through the FCA table of registered short positions, following my piece on Interserve of Friday. I don’t offer anything exhaustive, but the largest individual short positions interested me as they are as high as 5.42% of the capital. That’s quite a bet. Oh, and just as it happens, Neil Woodford features with two of them. They are also all stocks where we at ShareProphets have been bearish.

Telit announcement - ShareProphets RNS Translation Service

Published 476 days ago

Yesterday Telit (TCM) got tame journalist Ben Harrington to leak that it had received bids for its only asset of value its auto division. That has forced a statement which is, of course, all spin. Here is the ShareProphets translation service. Our comments are in bold.

Telit - the fraudsters favourite "journalist" has "news"

Published 476 days ago

Ben Harrington is the go to journalist if you are a fraudster who wants to leak news and get a positive spin on it, just ask Rob Terry or the apologists for genocide and securities fraudsters at MySquar. So natch Telit (TCM) has asked him to leak news of the possible sale of its crown jewels , itts aiuto division. Hmmmm.

Five Slam Dunk shares to sell for 2018 – one month update

Published 477 days ago

It is time for a review of the five shares I put up as slam-dunk sells on New Year’s Day. Those shares were UK Oil and Gas (UKOG), Frontera (FRR), Tern (TERN), Telit (TCM) and Milestone Group (MSG). How have they fared so far this year?

Tom Winnifrith Bearcast - Follow the Bear - top ten shorts reviewed & the sins of KPMG

Published 485 days ago

In today's bearcast I take inspiration from Roger Lawson looking at the sins of KPMG at Carillion (CLLN) and EMIS (EMIS), not to mention Quindell (QPP). What to do?  I look more at Dignity (DTY) and conclude that - having examined numbers from Beyond - the company is fecked. I look at the dumbest snowflake financial journalist going - natch he works for the Daily Mail. And I wonder should one follow the bears, I review the most shorted stocks on AIM and the main market including IQE (IQE), Debenhams (DEB) and Telit (TCM) 

Carillion - the lessons folks will just NOT learn from this debacle

Published 490 days ago

So Carillion (CLLN) has gone tits up. You do rather feel for its 19,500 employees but as folks work out what happens next there is an orgy of recriminations. What lessons do you learn?

Notes from Underground: Feeling tired and emotional

Published 491 days ago

I've picked up this week's Private Eye and noted that they have chosen the Telit/Oozi Cats/Uzi Katz scandal for first place in their 2017 awards. And who do they credit for breaking the story? Quote: an Italian newspaper.

Top shorted London-listed shares at the start of 2018

Published 500 days ago

We review the performance of the top shorted London-listed shares as at the start of each year. For 2017 that review is HERE and, from the FCA's spreadsheet of short positions required to be disclosed to it, we now have the ten top shorted London-listed shares at the start of 2018...

FIVE Slam Dunk shares to sell for 2018

Published 504 days ago

OK, I’m breaking all the rules – the deal was two long tips and here I am with a third tip of the year and it is five stocks and they are shorts (or at least avoids). Still, as Cynical Bear knows, rules are for breaking, and in any case we both broke the rules in our suggestions for shares looking for a Christmas surge when we named two, not one.

Scandal! Profits! Cats! ShareProphets most read stories of the year

Published 504 days ago

In the last year, ShareProphets has produced 3733 articles from the scandals of Telit's Oozi Cats to the scandals of African Potash to the scandals of Cloudtag. Here are the 100 articles and 25 Bearcasts that were most read by ShareProphets readers.

Telit says bank grants covenant waiver - 2 Massive Questions unanswered

Published 508 days ago

Telit (TCM), the drowning in debt IOT company set up by fraudster and fugitive from Justice Uzi Katz, has announced that its bank has granted an advance waiver for the potential breach of covenants as at 31 December 2017. Telit says that it and its banksters "remain in discussions with regard to amending its covenant package for future periods." This begs two massive questions.

Tom Winnifrith Bearcast - 7 days to Christmas and no ffing Goodwill from me, I am livid

Published 518 days ago

I am livid about something not stockmarket related so the season of goodwill is cancelled in this house. On the agenda today: Earthport (EPO), Audioboom (CRAP), Minoan (MIN), Fishing Republic (TOAST), the quoted CFD providers, Telit (TCM) and Stanley Gibbons (SGI).

Tom Winnifrith Bearcast - 10 questions for Telit,a zero or near zero in waiting

Published 540 days ago

After three profits warnings since August 7 and the forced departure of its founder and CEO, the Boston fraudster, Uzi Katz, Telit (TCM) is still not coming clean with us. Part of the blame for that must lie with its morally bankrupt Nomad FinnCap. And so I have 10 questions for it and offer up my probable answers since Telit does not do transparency.

Telit Fraud Finally Begins to Tell It Like it Is. Sell at 145p

Published 541 days ago

Finally the truth is beginning to emerge at the London-listed, Israeli-based Internet-Of-Things fraud Telit Comunications (TCM) - one of my top three shorts along with Purplebricks (PURP) and UK Oil & Gas (UKOG).

Telit - 3 profits warnings in four months, Yosi Fait "cleared" of insider dealing now full time boss - sell

Published 543 days ago

Yosi Fait sold all his shares in Telit (TCM) AFTER it breached its banking covenants which as FD he must have known about as he must also have been aware that first half trading was way below forecast. But the company's new chairman has taken external legal guidance and said Yosi did nothing wrong and so has appointed him full time CEO. Well that's alright then. But there is yet another catastrophic profits warning ( as predicted) which begs the question of how great is debt now and will bank covenants be breached again?

UK Oil and Gas: Death Spiral Announcement Makes Shorting at 4.6p the trade for Christmas.

Published 548 days ago

I suggested last week that the time had come for oil stock promotion UK Oil & Gas (UKOG) to come clean about its financial position and update the market on where it stood on its flow testing at Broadford Bridge. I suggested the shares were a sure fire short at 4.6p.

Autumn 2017 update: Top shorted London-listed shares

Published 552 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, we previously updated the top shorted London-listed shares HERE. The following is our Autumn update...

Notes from Underground: the problem with programs

Published 561 days ago

I stiill read the occassional comment and email that wonders why the economics of advertising on a website doesn't work - advertising pays for ITV and the Evening Standard, both of which are paying real salaries to real staff.

UPDATED: FCA launches probe into Telit - Sky! Telit says FCA has raised issues

Published 564 days ago

Maybe the regulators are not utterly useless after all. Sky is this morning reporting that the FCA has launched a formal probe into Telit (TCM). It is ouzo O'Clock round at the Sheriff of AIM Towers!

Tom Winnifrith Bearcast: Is this peak blockchain insanity - the strange case of On Line up 350%

Published 570 days ago

Shares in On Line (ONL) are - as I record - up c350%. Is this peak blockchain insanity or is Clem Chambers simply the greatest spoofer in the history of mankind? What happens next is the big question. Then I look at murky share dealings in Mkango Resources (MKA) by market abuser and serial fantasist Chris Oil. Does he not care about TR1 rules at all? Then it is onto Lombard Risk Management (LRM) where I have 2 more questions about its overdraft but a very big question about how the silky words of Phil "InterX" Crawford on July 19 tally with the utterly shite H1 results. Does Nomad Finncap of Telit (TCM) infamy care? I suspect it does not. I look again at BCA Marketplace (BCA)  - THE BIG SHORT - in light of recent macro data. It remains a stupendous short. I look at management greed and an impending placing to fund that at Arian Silver (AGQ) and then at the dire interims from System1 (SYS1) and profits alert from Attraqt (ATQT). It is the former which remains a stonking sell even after today's share price collapse. And I have a question or two for AIM dog Advanced Oncotherapy (AVO).

Telit - press rumours provide selling opportunity

Published 573 days ago

The timing of last week’s short call on Telit (TCM) was somewhat spoiled by rumours, fuelled by a story in the FT, of a bid for part or all of the company. Rothschild was said to be gauging interest in the automotive division with a price tag of £100-150 million, “according to two people briefed on the situation”. It was hinted that the obscure Chinese fund, Run Liang Tai Management, which has recently acquired 14% of Telit might bid for the whole company.

Tom Winnifrith Bearcast: the horrid truth behind Doorsteps.co.uk, a crowdfunding scandal and hot Telit gossip

Published 580 days ago

Yesterday I discussed Doorsteps.co.uk which claims that it will flog your house for £99. I now look more closely at its history and the utterly shameless way that Crowdcube raised £400,000 for it; at the fact free and unquestioning BJ's its 19 year old founder has received from Fleet Street and speculate about how bad its metrics really are. That it has raised cash so easily is bad news for Purplebricks as it is now funded to nibble at its market share and so will be others until they all go bust. But it will be too late for Purplebricks by then. I then have hot gossip on Telit (TCM) which shows up the FT's dictation from PR men taking hacks for the fools they are and reinforces the shorting case big time. I cover UK Oil & Gas (UKOG) and Conroy Gold & Natural Resources (CGNR), both need to place ASAP and in both cases it will be ugly. I also remind you again what UKOG is NOT saying.

Tom Winnifrith Bearcast: The FT takes dictation from PR man for Telit again and spouts hogwash ... and other morons

Published 581 days ago

Remember when the FT said Inmarsat (ISAT) was going to bid 140p a share for Avanti Coms (AVN) then at 30p now at 7.26p offer? Today it had a scoop on Telit (TCM) which the company has commented on. There is a grain of truth in the FT scoop but so much of what it writes is just PR spin as I demonstrate in this podcast. I hope the journalists responsible feel soiled and dirty. As for Telit I explain the various scenarios and why the downside is huge whatever happens. I cover UK Oil & Gas. A moron reckons he is going to make money by not paying to read ShareProphets and buying more UK Oil & Gas shares instead. Since his silly email the shares have lost another 14% and are now 4p bid. Next stop 3p then 2p then whatever. Truly the moron will be rich. Not. Then I rant about how troubled Interserv (IRV) lied to investors regarding the reason why its FD left and why that matters. 

Tom Winnifrith Bearcast: if you thought Cloudtag & MySquar showed investors were bonkers meet Helios & Matheson

Published 584 days ago

I start with a trip down memory lane this October 13th. It's back to 1987. can you remember why? Then, if you thought punters in Cloudtag (CTAG) or MySquar (MYSQ) were bonkers ( well they are) then meet Helios & Matheson. This tale will have you in stitches. Unless you are a MySquar moron in which case you will probably see it as an investment opportunity. Then it is onto UK Oil & Gas (UKOG), the Frogs selling and the slump to 2p or less. BTW Lucian Miers is now well in the money and added to his short yesterday. I explain why i3 Energy (i3E) is doomed and will crater soon and also go into the mounting woes of Conroy Gold & Natural Resources (CGNR) after this morning's news.

Tom Winnifrith Bearcast: 18 minutes to the fit young mums

Published 585 days ago

I am in a bit of a rush today. The Mrs has all day meetings so it is just me and Joshua. That means we get an extra 30 minutes at the fit young mums coffee morning. But what do I say to a FYM? And what might she say back. That is clearly the big issue of the day. After that I look at MySquar (MYSQ) after Darren's meeting last night, at UK Oil & Gas (UKOG) - placing at 2p? - Sound Energy (SOU) and Echo (ECHO) both slam dunk sells and similar to UKOG in many ways.I comment, en passant, on Renold (RNO) and the idea of pricing power and finally warn you that Telit (TCM) is indeed heading for 0p. And thank you for subscribing to ShareProphets. After 28 days we are within spitting distance of breakeven.

Exclusive: AIM Kills ZAI as a Nomad - the full story the LSE is desperate you do not hear

Published 586 days ago

At 5.45 PM yesterday Denzil Jenkins of the AIM Regulation team called Nomad ZAI. No-one answered so he left a message on its answerphone informing the Nomad that it was to lose its Nomad status at 6 PM that day and that its clients would be contracted at that time with the news. Jenkins followed this up with an email saying that ZAI could appeal but when you are going to lose all your clients what is the point? In fact the events of yesterday are just part of a story which shows AIM in a terrible light as a secretive and oppressive body covering its own failings with scapegoating and showing no regard for natural justice or any sense of fairness.

Tom Winnifrith Bearcast: Has Uzi Katz dumped his Telit shares & the next Neil Woodford car crash awaits

Published 594 days ago

I start with a discussion prompted by a reader request on whether a brand has a hidden added value which you should account for when making an investment. Another reader asks if it is time to buy back into Eden Research (EDEN). I think he is being spoofed and explain why. Then I look at the latest (non) news from Telit (TCM) and ask if the mortgage fraudster and fugitive from US Justice, Uzi Katz, has dumped his shares. I look at what is happening at Conroy Gold & Natural Resources (CGNR) , at the latest Mosman (MSMN) spoof, comment again on Nighthawk (HAWK) and then at the next Neil Woodford car crash RM2 (RM2).

Winner of the Bulletin Board Moron of the Week contest - sponsored by Telit and Eros

Published 595 days ago

This is the last Bulletin Board Moron contest for awhile. We're going to let it lie fallow and let the morons fester for awhile. But we do have a winner for the week.

New Bulletin Board Moron of the Week contest - sponsored by Telit and Eros

Published 597 days ago

This week's Bulletin Board Moron contest is sponsored by Telit Communications and Eros International.

Telit and Eros: frauds and a lesson

Published 603 days ago

A useful lesson has been handed out recently to bears by the price action in two stocks: Telit Communications (TCM), an Israeli fraud quoted in London, and Eros International, an Indian fraud quoted in New York.

Tom Winnifrith Bearcast - insider dealing is investment, anything else is pure speculation

Published 616 days ago

No I am not talking about Sam Smith's beau, the CEO of Telit (TCM), white collar criminal Yosi Fait. Instead I am talking about betting on oil exploration calls. I cover Jersey Oil & Gas (JOG), formerly Crap Oil, Providence Resources (PVR) which has always been a crap company and I look at Stellar Diamonds (STEL). I then look at the ghastly profits warning at UP Global (UPGS) and the read across from that. There will be more on the Big Issue seller in the Silver Merc on my own website later.

Winner of Bulletin Board Moron of the Week contest - sponsored by Darren Mercer, suspended CEO of BNN and guy who bets against his own horse

Published 616 days ago

There was some good intramural discussion this week. How Irish is Tom? How many times must one bet against their own horse before it is unseemly? Also, some morons ramping shares.

TrakM8 talks shite - evil PR maestro Reg Hoare at it again

Published 621 days ago

I wonder if my pal Paul Scott, the UK's top share blogger, has headed up to the post industrial grim urban wastlelands of Coventry for the AGM and investor open day of TrakM8 (TRAK). As someone who grew up near there I would not wish such a fate on anyone let alone a sensitive soul like Paul. Anyhow if a day in the place that gave us "Living in a ghost town" is not bad enough he will also have to digest a trading statement crafted by evil PR genius and crony capitalist Reg Hoare which ...leave a lot to be desired in term transparency. I would expect nothing less.

Tom Winnifrith Bearcast: The 88 Energy trainwreck & would you rather back a company run by Steve Moore or Dave Lenigas

Published 622 days ago

My relative radio silence since yesterday is explained by this video. Today's bearcast is my last recorded from Greece for almost three months. The view from where I record is spectacular. The only question is whether I can upload it given how piss poor the internet is here. I look at 88 Energy (88E) and see massive problems ahead, comment on BNN (BNN) and Telit (TCM) and that brings me to the issue of management. It is critical in investing. Ceteris paribus, would you rather a company you were invested in was run by our own Steve Moore or by Big Dave Lenigas?

Tom Winnifrith Bearcast - BNN shareholders take it up the Arsenal

Published 623 days ago

Links with Arsenal, massive cash burn, China, always missing goals (like the Arse) - that was BNN Technology (BNN), shares in which have been suspended today along with its CEO and China boss. I look at BNN in detail plus Telit (TCM), UK Oil & Gas (UKOG) after my weekend pieces HERE and HERE. I cover Blenheim (BNR) after its joke RNS today and also the dog Advanced Oncotherapy (AVO) after its latest spoof. The Mrs says my headline is crude & arguably homophobic, but I know you will love it and it is not if you take it in context.

What scandals are the London Stock Exchange so desperate to hide - the disciplining of Nomad ZAI

Published 624 days ago

There was a High Court Ruling this week which concerns attempts by the London Stock Exchange (LSE) and AIM to discipline the firm of ZAI Corporate Finance, a Nomad, or retained adviser, to firms on the AIM casino. The big question here is what dirty linen the Stock Exchange is desperate to hide. I should declare at this juncture that I am an expert witness in this case.

Notes from Underground: The Summer Wind, came blowing in, from across the sea

Published 624 days ago

The summer silly season is now over, and over 77,000 individual readers read ShareProphets during the past week. That's 77k readers who came to read real analysis and honest opinion. ShareProphets doesn't aggragate stories, we don't do clickbait, and we don't coddle our readers. You should be proud that you're one of them. 

Breaching banking Covenants - Telit and R4E - which firm did not break AIM rules & commit financial crime

Published 626 days ago

Yesterday shares in R4E (R4E) fell sharply after a profits warning and a warning that it may breach its covenants in the third quarter. I am a shareholder in R4E and happen to think the fall is way overdone, but that is for another time. I want to look at how it handled the covenant issue and what that tells you about the financial crime at Telit (TCM) - which morally bankrupt Nomad FinnCap is okay with.

Telit shares soar on pure hype - it is as if this was not a cash guzzling fraud, founded by a fraudster and run by an insider dealer

Published 626 days ago

Telit (TCM) shares zoomed by 30% yesterday back to 160p, almost the level before it emerged here that its founder and CEO Oozi Cats was in fact Uzi Katz, the Boston real estate fraudster and fugitive from US justice. The latest ramp is news that it might generate some sales from AT&T. Whoopie do.

My top four short-able shorts in London

Published 630 days ago

It is all very well saying that tiddly little companies like Advanced Oncotherapy (AVO) or Eden Research (EDEN) are worthless cash guzzling frauds heading for 0p but they are just very hard to short. That both stocks will hit zero is a given. In the end frauds always run out of other people's money. What you want are stocks you can short which look almost certain to collapse. And right now you need them badly as a hedge. A hedge against what?

New Bulletin Board Moron of the Week contest - sponsored by the AIM casino, the world's most successful growth market

Published 630 days ago

This week's Bulletin Board Moron contest is sponsored by the AIM Markets, the world's most successful growth market, now only slightly smaller than it was last year.

What exactly was the Telit Covenant Breach - this will determine how long CEO Yosi Fait should spend in jail

Published 633 days ago

Perhaps Sam Smith, CEO of Nomad FinnCap which appears happy for the CEO's of corporate clients to engage in industrial scale insider dealing, can help us with this problem? What exactly was the banking covenant Telit (TCM) breached on June 30th? The answer will help to determine how long the CEO Yosi Fait should spend in jail for his crimes. While Sam is about it...

Lord Archer, Leather Man Yosi Fait, Jeff Skilling & Martha Stewart odd one out result - some of you are so not 2017!

Published 634 days ago

You cannot. as some of you thought, say that Martha is the odd one out as she is female. This is 2017 and it is all about what gender, if any, you identify as, so we do not know if any of the four fine upstanding citizens below are odd ones out in that respect. Catch up folks. Most of you knew what I was hinting at and stumbled towards the correct answer - the odd one out is Lord Archer.

A letter to Finncap CEO Sam Smith: are you a big supporter of insider dealing?

Published 634 days ago

Generally I would have thought that the CEO of one of London's biggest Nomads, Sam Smith of FinnCap, would have disapproved of insider dealing. It is, after all a criminal offence. But I am not so sure any more. After recent revelations at Telit (TCM) it seems Samantha does not think it is anything to worry about. I have dropped her a letter just to make sure and cc'd in the head of AIM Regulation, Mr Marcus Stuttard, as I am sure he and his colleagues the Oxymorons would like to know where Sam stands.

Winner of the Telit Leather Man Macho Insider Dealer Yosi Fait caption contest announced

Published 636 days ago

We asked you for suitable captions for the picture below of the leather man who took over from the cowboy as CEO of the Telit (TCM) village people. I refer, of course, to insider dealer Yosi Fait. You offered numerous suggestions as you can see HERE but there can be only one winner and it is

New Telit Boss macho Yosi Fait in Leather Man action - caption contest

Published 637 days ago

Do you think Yosi got the machine below from Telit's (TCM) Vietnamese distributor of Internet products? In light of today's article on the former FD of the AIM fraud du jour, now its CEO, perhaps you can supply a suitable caption in the comments section below - deadline midnight Monday 21st. If you want more photos of burly men in leather check out Yosi's facebook page.

Three critical days in June & 3 more in July - why acting CEO at Telit Yosi Fait must be fired NOW!

Published 637 days ago

Yesterday there were more revelations about Telit (TCM) which, as I noted, made the position of former FD now CEO Yosi Fait all the more tricky. Now I want to revisit three days in June and three in July - events then make Yosi's position utterly untenable and explain why he must be fired at once. He is guilty of either extreme and sackable levels of incompetence and of lying to shareholders and insider dealing or of just insider dealing. It is one or the other - there is no third way. So there is no way out for Telit, Yosi must be sacked at once.

New Bulletin Board Moron of the Week contest - sponsored by some scooter courier shop in Vietnam, #1 distributer for Telit

Published 638 days ago

As seen here, Telit's (TCM) distributers are a, um, diverse lot, including a distributer in Vietnam that appears to be a scooter courier firm. Which is nice, and thank you for sponsoring this week's Bulletin Board Moron search.

New revelations: Yosi Fait, Telit's new CEO & friend of the "IDF warrior" must go too

Published 638 days ago

Today's Sunday Times carries new shocking revelations about the shocking lack of corporate governance at AIM fraud du jour Telit (TCM) - surely now the former FD, now CEO Yosi Fait must follow his predecessor the Boston fraudster Oozi Cats/Uzi Katz and be resigned at once

Notes from Underground: Telit to the hand

Published 638 days ago

I had an oniine conversation with an FT reporter about the Telit affair over how the FT would rather credit some Italian newspaper than your obd't one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares. They had to credit somebody given that the FT did not break the story themselves. How convenient for them. CityAM and other publications went with credititing nobody at all. The story broke itself!

Purplebricks priced for perfection; Sell at 431p

Published 639 days ago

I wrote about the red flags at Purplebricks (PURP) two weeks ago and promised to return to the subject but was distracted by the Telit (TCM) fiasco last week - on that matter I must urge anyone interested to listen to Tom Winnifrith's bearcast yesterday. I challenge anyone to listen and NOT to wnat to go short. But back to Purplebricks.

Telit Communications – how much of a cash guzzler is GainSpan?

Published 639 days ago

In the piss poor results for the six months to 30 June 2017, Telit (TCM) highlighted that it had purchased GainSpan and provided the following rather limited commentary on its contribution to the interim results:

Tom Winnifrith Bearcast: Oozi Cats and the FBI & why Telit could well be tits up within weeks

Published 640 days ago

The failure of the LSE to insist that hapless Nomad FinnCap forces Telit (TCM) to bring in a firm like KPMG to conduct a full forensic review will hurt it even more when this company goes tits up as I noted in a letter to Stock Exchange boss Donald Brydon earlier today HERE.  Two sources tell me that the FBI may have bad news for the Boston fraudster Oozi Cats and his Mrs as I explain in this podcast. But the meat of the podcast is explaining why Telit will go tits up and why that could be within six weeks. Enjoy.

A letter to the chairman of the London Stock Exchange - why no independent review of the Telit fraud?

Published 640 days ago

You may remember that at the last AGM of the London Stock Exchange (LSE) its chairman,, Donald Brydon CBE, 'fessed up to being a ShareProphets reader and as we chatted afterwards he came over as a thoroughly decent man. But he has, yet again, been failed by his minions in their handling of the biggest AIM fraud of the year, so far, Telit (TCM). Lowly gofers such as the head of AIM Regulation, the fake Sheriff Mr Marcus Stuttad,  have allowed Telit to avoid any independent scrutiny of its accounts & business practices despite clear evidence of fraud. That has to change and maybe Brydon will push for that. I have sent him a letter.

Telit - now here is another fine upstanding chap with a senior post: Eran Edri

Published 642 days ago

The board of Telit (TCM) the fraud whose CEO until last week was an undeclared fugitive from justice sure has some colourful chappies in senior posts. There was Uzi Katz, the Boston fraudster himself. Then we had former chairman Avigdor Kelner who has only recently emerged from a stretch in the slammer in Israel. Yesterday we met "colourful" NED Ram Zeevi as I published some US Court papers concerning him. Now meet Eran Edri.

The Love that Dare not Speak its name...an email from FinnCap CEO Sam Smith

Published 642 days ago

On the morning of 15 August 2017 Sam Smith the curvaceous founder and CEO of Nomad FinnCap sent an email to all her crony capitalist pals across the City boasting about her new bestest friends. That was a mistake methinks. This is all a tad embarrassing as you can see below.

Telit: US Court Papers published on NED Ram Zeevi - a man who reckons Telit is clean.

Published 643 days ago

We have already seen that a former Telit (TCM) chairman got sent to the slammer in Israel for fraud. Yesterday it was admitted that - as we revealed a week earlier - the founder, CEO and largest shareholder Oozi cats was also a fraudster and when IPO'ing Telit a fugutive from US justice. But despite compelling evidence from us HERE the rest of the board say Telit is not a fraud. And the folks at the bicycle repair store HERE which it claims to be its Vietnamese distributor agree. So the rest of the board, all appointed by Oozi are squeaky clean right? Er...

Meet the Fund Manager buying into Telit - also Rob Terry's biggest fan at Quindell

Published 643 days ago

Relief for Telit (TCM) bulls came at 4.05 PM Monday with news that Davide Serra had bought 1.6 million shares in Telit last week taking his holding from sub 3 to 4%. He only submitted his TR1 after the weekend but paying 160p-180p AFTER we exposed the, then, CEO Oozi cats as the Boston fraudster he clearly knew better than we did. But where did that name Davide Serra ring a bell?

Telit bombshell Part 2 - its Distributors are oft on a par with those of Globo

Published 645 days ago

Earlier today I published a bombshell that demonstrated that Telit (TCM) was Globo v2 - that is to say a FRAUD heading for zero in short order.. One of the points that caused Globo to unravel within days were its bogus distributors. I covered that in some detail in Part 1 of this series but here in  part 2 I offer up some graphics to make my point. Distributors account for only 30% of claimed sales but if they are bogus then is anything genuine? It is game over for Telit, the Fat Lady is getting ready... Enjoy what follows...

Telit Communications – Mr Fat Katz unusual remuneration arrangements

Published 645 days ago

After today's complete bombshell which shows that Telit (TCM) is a Globo style fraud and thus utterly worthless what follows may be a tad academic. But, none the less, it is yet another Red Flag which we all should have noticed earlier. Reading through the 2016 annual report of Telit it is apparent that Mr Fat Katz, sorry Mr Oozi Cats, had two unusual remuneration arrangements. 

Notes from Underground: Here's a buy recommendation: invest in moped shares

Published 645 days ago

London has a real table problem. At least the outdoor ones, and I don't see Mayor Sadiq Khan putting any effort into it.

Telit Communications A Compelling Sell. Looks like Going Globo. Some Free Advice to the NOMAD.

Published 646 days ago

I promised last week to go in to the numerous inconsistencies in the numbers presented by Purplebricks (PURP) but that is going to have to wait as this week’s story has got to be Telit (TCM).

Note 5.2 in the Telit statement? Is this the smoking gun? When did it know it would breach covenants

Published 646 days ago

There comes a moment in every Agatha Christie novel when Poirot scolds himself for being so blind to the obvious. I just wonder if for myself and Telit (TCM) that moment was late last night. That the CEO was a fraudster fugitive from justice when he floated Telit is one matter, the crminal investigations in Italy are another but the heart of the issue is the dire financials & possible behaviour of the Norfolk variety. In case you missed it, I refer you to note 5.2 of the most recent interims published August 7.

Tom Winnifrith Bearcast: 3 resignations: Telit (Nomad) & Avanti Coms & Redcentric CEOs - can I claim scalps?

Published 648 days ago

That Telit (TCM) is going to zero is a given as I explained yesterday HERE. But now we need to know why Canaccord quit on May 26 as Nomad. I suggest the reason in this podcast and call for a wider AIM Casino rule change on Nomad resignations. Then it is on to 2 CEO resignations. The bombastic prick David Williams has gone from drowning in debt Avanti Communications (AVN). Avanti is toast but I run through the red flags pertaining to Williams himself and ask a question about his payoff for failure. As for Redcentric (RCN) can I claim this as a scalp? Frazer  Fisher must have known about the mega payroll fraud of March 31 2016 as I revealed HERE. Yet he trousered a big 2016 bonus and sold stacks of shares just after publishing the 2016 number which he KNEW WERE CROOK. This departure is to avoid him being in situe when the FCA, FRC and SFO announce their findings. Actually can the Sheriff claim a scalp on the bombastic prick Williams too? I got the FRC to pan his company and exposed all sorts of Avanti red flags and naughtiness. Two scalps in a day - ouzo time?

Telit: Look at all these hilarious Internet Uzi Katz's in Boston - now why don't any of them exist?

Published 649 days ago

Now this really is bizarre. We have taken screen shots of internet sites set up in 2015 by a vast number of fellows called Uzi Katz who claimed to live in Boston. The Jewish population of Massachusetts is 274,000 and I will charitably assume that all live in Boston. So lets crunch the math before we look at the (hilarious) websites and draw an inevitable conclusion..

Tom Winnifrith Bearcast - Sound Energy now firmly on the bears radar screens

Published 800 days ago

I refer to young Steve's article earlier on the most shorted AIM shares. The fact is that most AIM shares cannot be shorted at all. There then follows a discussion on Sound Energy (SOU), Boohoo.com (BOO) and Telit (TCM). On a serarate note I look at LGO Energy (LGO). When the facts change what do you do?

Top shorted London-listed shares at the start of 2017

Published 865 days ago

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the ten top shorted London-listed shares at the start of 2017...

Tom Winnifrith Bearcast: 550kg of olives harvested in one day, I'm cream crackered

Published 897 days ago

I am utterly wiped out after day one of what looks like being a cracking harvest. A full photo report is HERE. In the podcast I discuss votes tomorrow in Austria and Italy and what they mean and why we bears are feeling good about the lack of a Santa Rally. Trump was Santa this year and that rally is over. I explain why I disagree with Malcolm Stacey's article today. I then look at a number of AIM stocks set to slide and why, as I refer to Steve's piece earlier. In focus: Avanti Communications (AVN), Advanced Oncotherapy (AVO), Telit (TCM), Boohoo (BOO), Tungsten (TUNG), Fastjet (FJET), Cloudtag (CTAG), African Potash (AFPO) and I have a few words about Worthington (WRN)

Telit - now the biggest short on AIM?

Published 952 days ago

There are many smaller companies on AIM that are heading for zero as they are either almost out of (other folks) cash - Avanti Communications (AVN), IGAS (IGAS) or are plain frauds like African Potash (AFPO) nor Cloudtag (CTAG). But if you are a looking for a big company with plenty of borrow that is ripe for a share price collapse look to Israeli tech stock Telit (TCM). At 278p the market cap is a monstrous £321 million, call it $400 million. That is a rum n coke.

Telit Communications – “trading statement” further suggests the value of our AIM short positions monitoring

Published 1315 days ago

Following trading update disappointment from AIM-listed Regenersis plc a few months ago, I noted that it suggested the value of checking our such short positions updates – with there continuously having been a disclosed short position in Regenersis since November. Since August there has been such a position in Telit (TCM) and now…

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