Latest Views & News

Tom Winnifrith Bearcast - in defence of KPMG (well sort of)

By Tom Winnifrith | Sunday 8 July 2018

 

I start by looking back to where I watch the World Cup Final 4 years ago and where I will be watching the semi on Wednesday. When you have finished donating a tenner to Woodlarks HERE, this podcast covers the current scandal surrounding the big 4 and KPMG in particular. Sam Antar used KPMG in his 18 year fraud but is it fair to pick on one firm? Is the system inherently flawed? What would I do to make things better? 

You must be a paid subscriber to listen to Bearcast
ShareProphets is reader-supported journalism

Join us for free and gain access to three articles per month

Or become a member starting at £5.99 per month for all articles, the Bearcast, and our seven year archive.

Start your free trial now
Or SIGN IN NOW

Filed under:


Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

CINE
Cineworld (#CINE) – notes Cineplex has submitted a cross-appeal, “disagrees with the submissions” (natch)
 28 January 2022, 07:58
CHLL
Chill Brands (#CHLL) – emphasises H1 revenue to £1.07m, doesn’t emphasise the increased loss
 28 January 2022, 07:57
BRSD
Brandshield Systems (#BRSD) – trading update & a proposed placing to raise £1.5m
 28 January 2022, 07:53
ADV
Advance Energy (#ADV) – CEO change & argues “value accretive opportunities”. How’s it to pay for them?
 28 January 2022, 07:52
MSYS
Microsaic Systems (#MSYS) – CEO Glenn Tracey resigns “to pursue a non-competitive opportunity”
 28 January 2022, 07:47
AVON
#AVON Protection – argues H2 weighting, up to £18.5m ($25m) share buyback
 28 January 2022, 07:39
TWD
Trackwise Designs (#TWD) – 2021 revenue up, but loss also. Appointment of a CFO Designate
 28 January 2022, 07:35
SCE
Surface Transforms (#SCE) – 2021 update, argues to move into profitability this year
 28 January 2022, 07:32
RWI
Renewi (#RWI) – Q3 update, further upgrade to FY adj. EBIT expectation to “at least €120m”
 28 January 2022, 07:29
SMS
Smart Metering Systems (#SMS) – emphasises positive trading & expected FY2022 DPS 30.25p, +10% YoY
 28 January 2022, 07:26

Complete Coverage

EPIC CODE: ZOE

Chill Brands
EPIC CODE: SYME

Supply@ME
EPIC CODE: ARB

Argo Blockchain
EPIC CODE: VRS

Versarien
EPIC CODE: OPTI

Optibiotix
Bearcasts

Bearcasts
Julie Meyer

Julie Meyer
Fraud

Fraud
Neil Woodford

Neil Woodford
Share Tips

Share Tips
The Sheriff of AIM

The Sheriff of AIM

Recent Comments

That Was the Week that Was

Thursday

EPIC code: TNT Tintra – the next million shares lined up for issue to Tintra Acquisitions
Xeros Technology – states “pleased to report on the progress”… but it’s “delays in commercialisation”!
Zoo zooms forward to Cage More Orders in an Expanding World Market
Tissue Regenix – argues “delivered robust financial and operational performance”. Has it?...
Simec Atlantis Energy- It just gets worse. SELL: this is a zero
dotDigital – “in line with market expectations”… but is that enough for the valuation?...
Thursday fear and fun (via the fine offices of easyJet, AO World, Headlam and Fever-Tree)
Chill Brands hires and deceives yet again & a lesson for its, now ex, PR, disgraced Buchanan
Tintra – do folks understand the scale of the dilution coming?
Tom Winnifrith Bearcast - It is Holocaust Memorial Day again

Wednesday

EPIC code: ITX Itaconix – “in line with market expectations”… but they’re not good & smell that cash burn!
IG Design – hopefully my prior caution was heeded, a “significantly below” trading warning...
Tintra – epic dilution by Tintra Acquisitions from its convertible loan note
Expect this Medical Equipment King to Thrive Now Covid Is on the Retreat
XP Factory – “trading update”… but what about the bottom-line result and balance sheet?
Verditek – desperate last ditch spoof as the money runs out, does nobody check prior RNS statements?
No surprise Wizz Air, easyJet et al are excited about more holidays
Expose: The King ramping rat, lying, rule breaking John Story starts to abandon the sinking Chill Brands ship
Tom Winnifrith Bearcast - I disagree with Steve Moore
Why no share buyback at Open Orphan?

Tuesday

EPIC code: AUTG Autins – full-year results ‘anticipate improvement’, so why the share price fall?...
Pelatro – “in line with expectations”… or is it?
Sub-Standard-listed AIQ: £500,000 Death Spiral Funding From Insiders – Move Along, Please, Nothing To See Here……
PCF Group – interims further highlight mess left by David Bull (now of Eight Capital Partners and Supply@ME Capital infamy) & co
Yu Group – Trading Update: When Is A Profit A Profit?
Victoria plc – Is this Roll up beginning to Roll over?
Is There a Higher Share Price at the End of this Rainbow? Could Be
Scottish Power – why this green energy con is an expensive lie & 0/10 for customer service
Photo Article: Lucian goes to Cake Box Eastleigh as the company serves up weeedy response to bear case
Tom Winnifrith Bearcast: Amur Minerals, no insider dealing natch

Monday

EPIC code: MIRI Mirriad Advertising – further cash burn, “a number of operational KPIs” to attempt to distract?
Everyman Media and its Posh Cinemas Surprise the City By Filling Seats Despite the Plague
Tintra – show me the money
Even if Amigo is saved by the court, existing holders will only be left with 5% of the new company - avoid
When is a director share buying a sell signal? Over to Lyin’ Steve Sanderson at UKOG
Waiting for February and March re. Unilever, Go-Ahead and “Danny” De La Rue
Video: Government anti fraud minister Lord Agnew quits because there is too much Government fraud
The View From The Montana Log-Cabin As Gold Tries To Make A Break
BREAKING: Oxford Cannabinoid – sack the board GM to be called as potential bidder scandal grows
EXPOSE: Bixby’s NFT helps out his brother in Law, Argo Blockchain’s Peter Wall with smoke and mirrors Pluto deal
Tom Winnifrith Bearcast: Lucian doing due diligence in Eastleigh as Wrexham is too posh for Cake Box
BREAKING – More Shenanigans in Ethiopia, Kefi has NOT lost Tulu Kapi

Sunday

Notes from Underground – Most read articles for the week ending 22 January 2022
Essentra – shares further ahead on trading update, further corporate excitement potential?
Seed Innovations – investee company updates, Buy
Buy Shearwater Group
Sunday Long Reads: Agents of Doom, Bitcoin Manipulation, Undercover Married Cops, Centipede, Captain Cook
Ariana Resources – 2021 production update, “fantastic” 2022 ahead?
The ShareProphets Sunday Pub Quiz #125
Tom Winnifrith Bearcast - Cake Box is NOT another Patisserie Holdings but it looks a stonking red flag & macro short

Saturday

EPIC code: HAT H and T Group – 2021 update, scope for further progress
CMC Markets should be starting to benefit from increased volatility and is too cheap - recovery buy
Red Rock Resources – further judgement in favour in DRC, but what next?
Confessions of a Silly Lottery Player and a Warning to Others.
Video: Gold Will Outperform Bitcoin and Stocks this Year
Video: an epic risk moment in history, shares to crash 90%
Tom Winnifrith Bearcast: Scottish Power really are shysters and the 2 name changes that threw me at Advance Energy
Omega Diagnostics manifestly deceives investors as CEO walks the plank
|