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Twitter Moron of the decade - and yes he owns Bidstack & hates @tomWinnifrith and @ShareProphets
Folks at the FCA say they love my work, the FRC commends me for exposing fraud, even the BBC reccognises the heroic fight we engage in against white collar crime, but there will always be critics who somehow thing the team at Shareprophets and me in particular are the bad guys. Meet one of the bigger morons on twitter....
- By Tom Winnifrith, The Sheriff of AIM |
- 9 January 2020, 12:03 |
Itaconix – “Trading Update”… but why doesn’t it detail the loss & cash burn from this Woodford “leading innovator”?
Itaconix (ITX) states it is “pleased to announce” a trading update for the 2019 calendar year and CEO John R. Shaw that “the acceleration in our revenue growth reflects growing commercial validation and consistent progress with customer projects across all of our products and application areas… our pipeline continues to strengthen as we maintain our focus on accelerating key revenue opportunities in the first half of 2020”. The shares have currently responded to 1.55p – er, 6% lower…
- By Steve Moore |
- 9 January 2020, 11:36 |
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Capitalists are their own worst enemy – Roger Lawson spot on regarding executive greed
Just now and again the ShareSoc man is bang on the money and his comments on FTSE 100 far cat pay awards are one of those rare occasions. I have no issue with rewarding those who risk their capital or those managers who deliver exceptional returns but that is not what is happening now. So what is the solution?
- By Tom Winnifrith |
- 9 January 2020, 10:31 |
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Bad news for those mugged by the London & Capital Finance crooks – very few will get FSCS compensation
The Financial Services Compensation Scheme (FSCS) scheme has today announced grim news for nearly all of those who had their money stolen by Amber Rudd’s good pal Simon Hume-Kendal[l and others at London & Capital Finance. Almost none of these mini-bond victims will be getting any compensation. But every cloud has a silver lining…
- By Tom Winnifrith |
- 9 January 2020, 10:30 |
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Sainsbury, Morrison and the two quid bargain bucket level
I am travelling at the moment, so my routine is a touch different to normal but I had to smile at the disclosure from the British Retail Consortium in the early hours between yesterday evening and this morning, which showed that retail sales rose by 1.9 per cent in the five weeks to December 28th...
- By Chris Bailey |
- 9 January 2020, 08:40 |
Photo-Me Numbers Present a Picture of Optimism for the Future
Hello, Share Crushers. The beauty of niche companies is that few, if any, other firms, are in the same line of business. So if demand is strong, then the share price and dividends can be expected to rise. One such outfit which I have long supported is Photo-Me (PHTM)...
- By Malcolm Stacey |
- 9 January 2020, 08:26 |
1Spatial – “update on continued customer momentum, operational execution and new strategic partnerships”… and financials?!
“1Spatial (SPA), a global leader in location and geospatial software solutions and Location Master Data Management, is pleased to provide an update on continued customer momentum, operational execution and new strategic partnerships”. More encouraging than when I last wrote on the company – concluding there looks still much more turnaround progress needing to be made here?...
- By Steve Moore |
- 8 January 2020, 16:39 |
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KEFI Minerals – shares up on ANS Mining subscription agreement, but looks much more to come
KEFI Minerals (KEFI) “is pleased to advise… the subscription agreement into the project company, Tulu Kapi Gold Mines Share Company was duly executed by ANS Mining Share Company on Sunday 5 January… The existing TKGM shareholders, KEFI and the Ethiopian Government, have also approved the issue of TKGM shares to ANS Mining”. A further step towards a “first modern mine development in Ethiopia”…
- By HotStockRockets |
- 8 January 2020, 16:32 |
Rosslyn Data Technologies – “a leading global big data technology company” which has won two “large” contracts. Really?...
“Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, announces that it has won two large contracts”. Sounds interesting if these contracts are “large” for a “leading global” big data company…
- By Steve Moore |
- 8 January 2020, 15:40 |
Topps Tiles – a year on, still caution?
A year ago I concluded on “the UK's largest tile specialist” Topps Tiles (TPT), the current results reality suggests a challenging time ahead. With now another trading update, how are things looking?...
- By Steve Moore |
- 8 January 2020, 14:10 |
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A Letter to AIM Regulation & Canaccord re Versarien & Neill Ricketts
Earlier today I exposed how in a private chat room group, Neill Ricketts, the shameless boss of AIM listed Versarien (VRS) was communicating information not verified by his Nomad and therefore not demonstrably true but clearly price sensitive. I have now written to AIM Regulation and to the company’s Nomad Canaccord which, surely cannot be aware of this. The letter follows:
- By Tom Winnifrith, The Sheriff of AIM |
- 8 January 2020, 11:36 |
Itaconix – argues significant milestones… but beware of what’s another of Neil Woodford’s ‘leading innovators’…
Former Woodford pick, Itaconix (ITX) has followed a “First order to Croda for new odour control polymer” announcement yesterday with a now “New patent issued for detergent compositions” and these have helped the shares up from a prior 1.525p to currently around 1.7p – although down (natch, for a recent years Woodford pick), for example, from more than 4p at the commencement of 2019 and approaching 16p at the commencement of 2018…
- By Steve Moore |
- 8 January 2020, 11:20 |
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BREAKING: Neill Ricketts & Versarien – private chatroom with shareholders & rampers exposed
Last year I forced Versarien (VRS) to issue a clarifying RNS after Neill Ricketts made unverified and it seems untrue claims on twitter. Nomad Bobbie Hilliam at Canaccord read Ricketts the riot act and his twitter outpourings have been greatly diminished. But I can reveal that he has a new conduit on a private chat group on Discord. I doubt his Nomad or AIM Regulation are aware of it but thanks to Winnileaks they will be soon and will be horrified as I have a series of screenshots to share.
- By Tom Winnifrith, The Sheriff of AIM |
- 8 January 2020, 10:29 |
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Tom Winnifrith Bearcast: I really do not see how Neill Ricketts can get away with this one
In today's bearcast I discuss Sirius Minerals (SXX), the comedy show that keeps on giving at Anglo African Oil & Gas (AAOG), Petrel (PET), NMC Health (NMC) and also today's shocking expose on Versarien (VRS)
- By Tom Winnifrith |
- 8 January 2020, 10:27 |
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Sirius Minerals – a bad day at the office for we bears – 5.5p takeover by Anglo, mine to go ahead
The talks are advanced but it looks odds on as if Sirius Minerals (SXX) will get bought out at 5.5p per share by Anglo American (AAL). I guess that explains the very strong share price over the past few days, not that there is ever any insider dealing in London.
- By Tom Winnifrith |
- 8 January 2020, 09:35 |
BP Sells to Premier Oil and the Share Price Could Rise for Both
Hello, Share Smashers. The move by BP (BP.) to sell some of its North Sea assets to Premier Oil (PMO) may boost the share price of both companies. Premier will take over the Andrew platform and BP's controlling stake in five surrounding fields, as well as its quarter stake in the Shell-operated Shearwater field. BP will raise £474 million from the deal. The Andrew platform is 140 miles northeast of Aberdeen. Why is BP doing this?...
- By Malcolm Stacey |
- 8 January 2020, 08:18 |
Carr's Group – full-year to be in-line with expectations… or not?
Agriculture feeds and engineering group Carr's (CARR) has updated commencing that it “continues to expect the performance of the group to be in line with its existing expectations for the full year”. The shares have currently responded to below 150p – more than 5% lower. Hmmm…
- By Steve Moore |
- 7 January 2020, 13:17 |
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Tom Winnifrith Bearcast: smiley face, smiley face, smiley face - the new form of RNS from Versarien
In today's podcast I look at mini-bond scandal house Wellesley Finance and why it once again shames new Bank of England Governor Andrew "asleep at the wheel" bailey and the shitheads round at the FCA. I comment on another of its failings in light of today's Neil Woodford News. I comment on Big Dish (DISH), have a theory about Angloa African Oil & Gas (AAOG), comment on Optibiotix (OPTI), Versarien (VRS) and ask how long its Nomad will tolerate Neill Ricketts and finally on Aston Martin Lagonda (AML).
- By Tom Winnifrith |
- 7 January 2020, 13:16 |
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BREAKING: Wakey wakey FCA: Wellesley Finance PLC – another £100m mini bond accident & scandal in the making
Well you have been warned repeatedly by myself for almost a year as was the FCA which, natch, did nothing. Wellesley Finance has finally filed its 6 months overdue accounts for the year ended 31 December 2018 at Companies House and they are truly dire. The net loss before tax is £10,249,314 and a deficit on shareholders’ equity was £9,202,737. The auditors, unsurprisingly, cite a material uncertainty on going concern. Worrying times for the mini bond lenders who have lent £99,540,212 to Wellesley Finance Plc. A further £64 million in Peer to Peer assets is held off the balance sheet.
- By Tom Winnifrith |
- 7 January 2020, 11:51 |
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Will latest Chris Akers ramp prove Asimilar to the previous ones?
As followed on ShareProphets, AIM-listed Yolo Leisure proved a damp squib and reformed itself into Asimilar (ASLR), a Chris Akers – backed vehicle. As before with Concha (CHA – and now booted off the Casino), EVR Holdings (EVR) and Red Leopard Holdings (RLH), where it seems the involvement of Mr Akers brings the ability to ramp hot air to at least £100 million worth, Asimilar’s shares have been rising. But when the music stops, will this prove Asimilar to the others or will the shares collapse back down again?
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 7 January 2020, 11:18 |