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Tom Winnifrith Bearcast: It happens once or twice a decade, Zak Mir says something quite interesting
Sorry to the in-house Euro loon Jonathan Price who reckons that my interest in the US election is excessive but two new polls yesterday cast further light on the races in Pennsylvania and Florida which as I noted yesterday are two of the three states that will decide the election. I discuss this and then Justin Urquhart Stewart on gold where he gets his numbers so wrong that I am more bullish than I was as I think this tells you something of wider import. Finally onto my good mate the Sith Lord Zak Mir, a chap called Carl Linton who is a plumber and heating engineer, and the current mood of market craziness.
- By Tom Winnifrith |
- 6 September 2020, 15:55 |
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Iconic Labs – More evidence of Toxic Dave Sefton’s close relationship with Iconic and about his new £1.45 million purchase
Linton Capital LLP, an investment company run by Toxic Dave Sefton, has been busy putting in place the arrangements to buy the Joe Media businesses in the UK – even though Joe Media may, as I exposed a day or so ago, be going seriously off the rails. A recently filed security agreement now to be found at Companies House dated 9 July 2020, indicates that Toxic Dave, Linton Capital LLP and Greencastle MM Limited have entered into an agreement with BPC Ireland Designated Activity Company not to exceed £3,787,000 and any interest due and payable.
- By Tom Winnifrith, The Sheriff of AIM |
- 6 September 2020, 15:47 |
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From my sofa I review the prospects for the FTSE 100 relegated ITV
Regular readers will know already that as far as index shifts go, I tend to find more interest in those falling out of the FTSE 100 than those coming in. Naturally, for spotting epic growth names, such a strategy is not going to be optimal, but if you like momentum names then…good luck. Did you see late last week that whilst discounter B&M European Value Retail (BME) has been promoted to the FTSE 100 index in the latest quarterly reshuffle, media name ITV (ITV) has been relegated?
Video: Fed has Triggered Inflationary Avalanche, follow Buffett and buy gold
And if analyst Craig Hemke is correct, you just have to buy precious metals exposure, especially gold.
- By Tom Winnifrith |
- 6 September 2020, 15:23 |
The ShareProphets Sunday Pub Quiz #53
Welcome to the Sunday ShareProphets Pub Quiz. Find your own beer, sit in the most comfortable seat, and, under no circumstances, can you Google the answer. Only I can do that. There are no prizes but post your scores in the comments for bouquets and brickbats.
- By Darren Atwater |
- 6 September 2020, 15:20 |
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The View from the Montana Log-Cabin as the Nasdaq sells off, Gold holds its own and I welcome convert Jeremy Warner of the Daily Telegraph
Phew – that was quite a week! Having posted yet another all-time high on Wednesday, the Nasdaq went into a mini-meltdown and dragged the DOW and the S&P with it, albeit to a much lesser extent. Even Bitcoin felt the wobbles as it closed the week at a shade over $10,000 having notched up almost $12,000 during the week. But as I sit here on the veranda of my log-cabin gazing out into the woods (where my secret stash of Gold is buried) it was a week of relative peace: it went up to just shy of $2,000 per oz and closed the week at $1935. Crisis? What crisis?
- By Nigel Somerville |
- 6 September 2020, 15:18 |
Sunday Long Reads: 300 year-old butchers, Saudi Twitter, True Singapore, Pickpockets, Disturbing Deacons
Is there a better thing to do on a Sunday than to sit back and read a real, meaty article that is meant to be savoured and enjoyed? Not a blog post, not a news item. Like when we used to do with newspapers before the smart phone ruined everything.
- By Darren Atwater |
- 6 September 2020, 15:17 |
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Comedy Central on the Tern BBs! Does this win Bulletin Board Moron of the Year?
With a hat-tip to Temptress on our own highly intelligent comments board, you just couldn’t make this up! Last week the principal investee of AIM-listed POS investment company Tern (TERN), Device Authority (DA), filed documents at Companies House taking away B-share rights of what appear to be former employees. It seems that these former employees left the building some time ago, but DA’s paperwork has been such a shambles that it is only catching up now. So the BBMs decided it was a tidying up exercise and that therefore DA is about to be sold……£s, not pence.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 6 September 2020, 15:16 |
Notes from Underground - Most read articles for the week ending 5 September 2020
The most read non-Tom article this week is BREAKING NEWS: Synairgen – Trial “progress”, but do you feel lucky? by Peter Brailey is at a terrific number two or number five including Bearcasts and Tom’s new shareshow. Which one is the best of the week? Tell me in the comments.
- By Darren Atwater |
- 6 September 2020, 15:10 |
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Richmond Group pledges to buy up to 29% of Amigo shares - but this boardroom spat is all just a sideshow to a judicial review of complaints against the company
I’ve been following the whole saga surrounding sub-prime lender Amigo (AMGO) for some time now, as well as the whole of this sector in general.
- By Gary Newman |
- 5 September 2020, 17:24 |
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BREAKING: Money & Co – is Nicola Horlick's Peer to Peer lender finally going down and why did the FCA do nothing for 4 years?
Just under four years ago, I exposed the perilous finances and smelly related party loans of Money & Co, the Peer to Peer lending operation of Nicola Horlick, the ghastly self-promoter previous dubbed Superwoman. It was clearly on the rocks & engaging in some very Spanish practices then and the FCA should have moved in. But it did not.
- By Tom Winnifrith |
- 5 September 2020, 17:21 |
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Tom Winnifrith Bearcast: Trolling & harassment of me by SYME Morons hits new depths and can Trump win? I now call it as being down to just 3 states
My new video show is live and if you have a spare three hours, it is, if I say so myself, a total belter and can be watched HERE. I then discuss the US election and am ready to call all bar three states: Pennsylvania, Florida and Michigan. I believe that the maths are that Trump will have to win all three to win. There are three others I am calling but with a low degree of certainty (Ohio for Trump, Wisconsin and Minnesota for Biden). I discuss what will swing the three uberswing states and where things stand now but also what financial betting markets tell us. Then trolling of me by morons, this time owning Supply@ME Capital (SYME), hits a new low. I discuss these sad creatures and how they motivate me to dig even more.
- By Tom Winnifrith |
- 5 September 2020, 17:09 |
The war on landlords has begun as has the war on fiat currencies
Things are going to get very nasty very soon
- By David Scott |
- 5 September 2020, 14:28 |
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The Gym Group – interims, business re-opening momentum...BUY
The Gym Group (GYM) has announced results for the first half of 2020 and “since re-opening, member visits have been steadily increasing week by week. Whilst the total number of visits remains lower than the same period last year… the number of visits per member is now at the level of last year, demonstrating a growing confidence in our member base about working out in our gyms”…
- By HotStockRockdets |
- 5 September 2020, 14:28 |
Table of shorted AIM shares - week to 04/09/2020
From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…
- By Steve Moore |
- 5 September 2020, 12:38 |
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Tern – What is going on at Device Authority?
Needless to say there has been no statement from AIM-listed POS investment company Tern (TERN), but the BBs are full of speculation that principal investee (by far) Device Authority is being sold. Quick, buy, buy, buy…..£s not pence! Or not.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 5 September 2020, 10:34 |
Yes, Most Share Prices Are Stagnant - But You Can Still Make Money
Hello, Share Chums. As the number of new corona cases grows in Blighty the death rate is falling. This dichotomy is causing the Footsie to stagnate. A moribund index makes it harder, of course, for armchair tycoons like us to make money. But there are ways to keep the dough flowing in. Most investors here will be familiar with most but perhaps repeating the best strategies might be useful. So here are a few of them.
- By Malcolm Stacey |
- 5 September 2020, 10:05 |
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Tom Winnifrith Video Shareshow No 8: Well over 2 hours of gold, me on corporate lying, Richard Poulden and Steve Moore
And now from Wales, by just 30 yards, it is my new, I hope, weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Richard Poulden on gold and where it goes next, on the US election but also on Wishbone Gold (WSBN) as it takes a new direction. As a long suffering shareholder, down £30,000, I have a few tough questions. Then I discuss what gold stocks I am buying before chatting to Steve Moore, a man with whom I have worked for all bar a few weeks of his working life. He is this year 38! Frightening. I started the show with a suggestion that we all look back to the 1970s. I end with a look at corporate lying and why it is on the rise and why no-one cares but that will change. Verditek (VDTK) is a case study here. You can access the show HERE
- By Tom Winnifrith |
- 4 September 2020, 17:45 |
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Perseus Mining – what has developed for former Amara Mining shareholders?...
Previously writing on Amara Mining, it was noting a takeover by Perseus Mining (ASX/TSX – PRU) back in 2016 with the ASX Perseus closing share price A$0.415 and a conclusion that, though those not prepared to hold shares in a foreign-listed company may want to consider selling into the share price rise, it looked worth continuing to hold. We’re now asked to update…
- By Steve Moore |
- 4 September 2020, 17:45 |
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Filta Group – new agreement for which ‘no financial impact conclusions have been drawn’...so shares soar, more Corona madness...
“Filta Group Holdings PLC (FLTA), a provider of fryer management and other services to the catering and hospitality sector, is pleased to announce that it has secured an exclusive licencing agreement with NTH Solutions, a support services group wholly owned by North Tees and Hartlepool NHS Trust, to utilise its hypochlorous acid based broad-spectrum disinfectant, along with NHS accredited training, as part of the Filta Sanitation Service”… and the shares have currently responded to 107.5p, approaching 19% higher. Hmmm…
- By Steve Moore |
- 4 September 2020, 15:42 |