I attended the AGM of WH Ireland on Thursday Morning. At the door I was greeted by a rudy faved individual who seemed a bit posh to be a security guard and who clearly knew who I was "Good Morning Mr Winnifrith" he said before asking if I had the authority to be allowed in. Of course I did. I was the appointed corporate representitive of a company which owned ten shares in WH Ireland and I had all the paperwork to prove it. After a while I established that this besuited bully boy was in fact WH Ireland CEO Richard Killingbeck, doubling up as a fascist security guard.
I read in the Sunday Times that the PC Nazis are on the warpath against the ten remaining FTSE 350 companies that have had the decency not to appoint a woman to the board. They will either do as they or told or the PC fascists will be voting out existing directors on this one principle.
Sadly I decided to rush up to Warwick to see my father on Friday so I missed out on attending the GM of Advanced Oncotherapy (AVO). The heading for bankruptcy company put out a statement which, needless to say, is a 100% rum and coke. Advanced was covered in the bears session at UK Investor Show on Saturday and we will have a video up of that in due course. Now back to that GM where the statement comes with our translation in bold
Those of you lucky enough to hold a golden ticket for the UK Investor Show know all about the priority seating and private meet and greets that you are entitled to. For the rest of us, here's a sneaky peek at the pre-dinner held at the home of the Saracens, Allilanz Park, on 30 March 2017. It featured an exclusive talk with Nigel Wray and Nick Leslau, Private Eye co-founder Christopher Booker's favourite covers, and a smattering of real, live Saracens.
Even though we had to compete against a beautiful spring day, the 2017 UK Investor Show was a sold out success. Take a walk through the event through photos taken by our social media team.
Paul accidentally went to the wrong venue so Tom hosted the show by himself to start, but then Paul arrived and so did the fireworks. This is a special live Bearcast recorded in front of a live audience at the UK Investor Show 1 April 2017.
The column was delayed today as your humble correspondent recovers from yesterday's UK Investor Show, easily the biggest and best of the 15 years that Tom has been organising these things. This would be my tenth.
Tom Winnifrith stands on the worlds tallest building, then flies a 747 using VR. But we only see him, not the realistic 3D world that he sees. The VR was supplied by RiverFort Capital.
A brief walk around tour of today's sights including two real celebs...and also Zak Mir
We know we finally made it as a show when protestors show up. Today it was a group - name unknown at this point - upset at the concept of fracking, and in particular, exhibitors in the fracking business.
It was a full house for David Lenigas, David Bramhill, Jonathon Tidswell and Gary Newman speaking on UK Onshore at the UK Investor Show. Diary date - 21 April 2018!.
Tom Winnifrith introduces a packed house for UK Investor Show 2017 for his Cloudtag talk, followed by unimpeachable proof that Nigel and Tom are in bed together.
Another property deal from Etaireia Investments (NEX: ETIP) announced yesterday and guess what, it’s yet another related party transaction. As one can see from the various pieces I’ve written on the company HERE, one shouldn’t have expected anything less.
Following my recent recommendations on Red Leopard Holdings (RLH), I note yesterday’s warrant exercise announcement which appears to me to mean that the recent investor, Chris Akers, has taken some money off the table already so think I’ll follow suit. Let me explain.
It is 7.46 AM, doors open in 45 minutes, his first talk is at 9 AM so how to kill time? Approve a few articles...the calm before the storm
This is becoming routine. After hours on on Friday PrimaryBid announces a material placing opportunity for its members. This weekend it is LGO Energy (LGO) which has raised £2.2 million in a placing at 2.2p but is now offering a chance for ordinary investors to put up another £300,000 at the same price.
As I am on a train twixt Stacey Towers and the fantastic UK Investor Show at Westminster as I write, I don't have any specific research material to hand. But a few observations on how the new financial year may affect your bag might be useful.
The March edition of the UK Investor Show Magazine is live featuring 7 share tips, company profiles, interview with Richard Poulden of PCGE, why we fight fraud & fake news on Channel 4, Donald Trump, Marine Le Pen, a look at the banksters and much more.
There seems to be a lot happening and as a result this bearcast comes to you from Shipston. I will head back to London later tonight and hope to see you all at UK Investor Show tomorrow. Pro tem I comment on Corero (CNS), Minoan (MIN), Amryt (AMYT) and Wishbone (WSBN) - we own the last two on that list and are very happy to do so. I also comment on allegations made elsewhere by the "share blogger of the year."
AIM-listed gold trading play Wishbone (WSBN) has announced the signing of a joint venture deal SION Honduras which will provide funding and expertise to existing small gold mines in Honduras so as to assist with the increase in production. The good news for Wishbone is that the deal involves all the output from those mines being supplied to Wishbone – at preferential prices – in a deal which runs for 30 years.
The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.
Making money from shares is simple. Well it should be. Buy cheap. Hold. Hold. Hold. Hold, and finally sell when the shares have delivered you big gains. Where so many folks go wrong is getting impatient and not being prepared to hold, hold, hold. Let us tell you about Symphony Environmental (SYM) which we tipped at a 6.75p offer just over three years ago. It did nothing for ages....
This week's contest is graciously sponsored by African Potash, AIM, NEX, Chris Cleverly vehicle that is bound to hit the stratosphere.*
Before I call it a day I want to see the victims of the African Potash (AFPO) fraud get some of their money back, even if some of those victims were fairly beastly to me as I exposed the fraud. Friday's bombshell from Potash shows the game is up but the big frauds happened before this worthless enterprise was booted off AIM. To that end I have been working to help put together a legal action. That action is now almost underway and Peter Petyt, the man running things, wrote to more than 50 victims who have come forward at the weekend. If you lost money and want to try to get it back it is not too late to contact Peter. His letter & contact details follow.
In this video from the storming success that was the 2017 UK Investor Show, Paul Scott finds Nigel Wray's and Paul Mumford's investment strategies. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
Artificial political constructs never last. The EU is great for the “elites” in Brussels; not so much for the average citizen and the tragedy of monetary union is that Europe's political class has gone to extreme lengths to hold the euro together regardless of underlying economic logic. But this has only perpetuated and exacerbated the coming political crisis. "Monetary union has created a conflict between a centralised elite on the one hand, and the forces of democracy at the national level on the other. This is extraordinarily dangerous,” Mervyn King wrote in his recent book 'The End of Alchemy'.
As I flagged up over the weekend, in a desperate attempt to keep the fraud from becoming insolvent, African Potash (AFPO) has proposed a RTO of a company called Onshore Energy Limited, OEL. Lyin' Chris Cleverley Potash's boss is also a director and shareholder on OEL. But it gets worse. Much worse.
I previously wrote on WANdisco (WAND) in January – ‘one quarter does not an investment make, but offers some encouragement for shareholders’. The following updates with the shares currently on the rise on the back of a “Significant customer win and Q1 update” announcement…
Yesterday we wandered through the first page of search results on the OpenCorporates.com website to look at the record of AIM-listed Advanced Oncotherapy (AVO) Executive Chairman Dr Michael Jeffrey Sinclair. There are rather a lot – here comes page 2.
Stanley Gibbons (SGI) has announced it “has sold one of the rarest pieces of Indian Philately to a private collector-investor in Australia for £500,000, the highest price ever paid for a single Indian philatelic item”.
ShareProphets AIM-China Filthy Forty play Taihua (TAIH) announced last Friday that the EGM called to approve the company’s proposed delisting from the AIM Casino had passed the proposals with the requisite majority. The shares are expected to depart the world’s most successful (but perhaps not for Taihua) growth market first thing on 8 May. In the wake of the announcement – at 4.15pm last Friday, bordering on no-one-is-watching o’clock - the shares again nose-dived, registering a new low of 0.1p on the bid yesterday, but all of a sudden the stock is on the rampage this morning. What is going on?
AIM-listed Advanced Oncotherapy (AVO) – teetering on the brink of having to call an EGM to reduce its nominal share capital under the terms of its death-spiral funding package with Bracknor – has announced yet another director share purchase, the fourth just this month (if we ignore the botched 7am RNS of 4 April). As ever, this is just a spoof in order to encourage more buying in the market so as to allow Bracknor to offload more of its death-spiral conversion shares as Advanced hopes and prays for the next £1.235 million tranche of funding before the coffers run dry.
On 12 April 2017, the fraud that is African Potash (AFPO) announced a change of auditors from RSM UK Audit LLP to PKF Littlejohn LLP. One can understand why RSM UK Audit LLP might be keen to cease its relationship with a company with the frankly appalling track record of African Potash but how desperate does PKF Littlejohn LLP look in taking on African Potash as an audit client?
The COT report reveals the large paper short and long positions in silver. Currently it appears to be indicating a small downtrend in the silver market. In this week's Palisade podcast David Morgan discusses how silver markets move and how they can be pushed to the downside once investors run low on cash, as banks will short the market at opportune moments.
Goals Soccer Centres (GOAL) has admitted “preliminary discussions” with key rival Powerleague on “combining the two businesses”, though emphasises that is “but one of the strategic opportunities currently being assessed by the Goals board”…
An announcement from Blancco Technology Group (BLTG) entitled “Q3 Trading Update, Cash Flow Review and Funding”. Hmmm, I’d guess it ain’t gonna be positive…
Truly, there are no winners from the pool of Bulletin Board morons, only those who succeed in making our eyes roll the furthest.
Together Robert Sutherland Smith and Tom Winnifrith have now been working in finance for 71 years - the last ten or so together. Tom wishes to stress that RSS accounts for most of that, the great value investor starting his City career at the Unilever Pension Fund the year before Tom was born. In this book they outline 71 tricks of the trade for making money from shares.
Get the first ShareProphets Pocket Guide ebook, EIS - Buying shares with numerous tax breaks. Want to cut your income tax bill, get loss relief if your AIM listed shares go down, pay no CGT, avoid IHT - EIS could be the way and this book explains how.
Most investment books seem to be large enough to keep the front door open and while some contain gems it is hard to find them amid the verbiage. The aim here is to produce a short guide which simply cuts to the chase. I hope that it will provide food for thought for everyone from beginner to expert but whoever you are it should be quick and easy to read and digest.
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