Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The former C A Sperati, now Teathers Financial (TEA) has announced the issue of new shares “to satisfy certain existing liabilities” (£30k) and to increase its cash reserves (£100k).
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Comments
wildrides
The Drummond brothers ……….. think ……….MDC , bust ……….. think Coms , very nearly bust .
Invest at your peril ……… Its another Directors gravy train to keep Drummond in the style he would like to remain accustomed . Quite why Tom likes it is a complete mystery to me , unless of course Drummond and he have “mates” history . Anyway I am staying out and will watch this ramp fest develop with interest ( but not much )
turbograndad
Wilds,
On that basis , and as they say on Dragons Den, I’m out.
EA51RON
Why are you punting this one Tom? If this company was called QPP or WRN or AFR then you would be all over it. They sold off the property owned by Sperati to raise funds. Once they had spent that they sold the buttons and bows business for a pittance and gave away the stock!! Now they are expecting people to stump up more money for their salaries. The company has done nowt and as far as I can see has no prospects. So I say again – Why are you punting this oneTom?
Tom Winnifrith
no fraud here, no lies, shares cheap back management, easy
t
EA51RON
Just picking up on WILDRIDES comments above. Does it strike anyone else as odd that Nilesh Jagatia – Finance Director at TEA was also Group Finance Director of Media Corporation and left there about the same time as Jasons’ brother Justin Drummond?
JustCurious
Tom
You need to do a better job of explaining the case for investing in this. I can recall multiple Bearcasts where you lambast small scale investing companies on AIM, noting how returns comparable to Warren Buffett will only just cover the PLC costs – so what makes this stock so different?
I am not criticising this stock selection (I know nothing about it) but on the face of it this choice is incongruous with previous comments you have made. Why do you have faith in this particular investing company when you are scathingly critical of its peer group?
Many thanks
drunken sailor
Typical sub critical mass stock that needs to deliver Warren Buffet performance year after year just to stand still and issues confetti to keep the lights on and directors in salaries. Tom has explained why that is a flawed business model enough times, perhaps he should listen to some of his own bearcasts.
wildrides
Yeah Nilesh Jagatia …………… I want my loot back or free shares of the same value in this new ramp ………… you bar steward.
Sleep well fella ………. cos Karma is going to catch up with you .
paul
This stock is hot news with the pump and dump brigade on Twitter. History will tell you, if you enter this on the wrong side of the pump, you will lose a lot of money. The share has been pumped from 2.75 to 4p, it may make 5p, but if you buy, get ready to sell quickly. As this stock will tank back to 3p when the rampers move. Too high risk for small gain.
paul
As promised, back to sub 3p! Now there may be an investment case, short term?
Following my last entry on 15 March, advising caution on buying around 4p. I think (Tom’s) HSR call to buy was very misplaced. Premium placing of minimal shares, prelude to large placing @ vast discount? Wouldn’t be the first time an AIM company pulled this stunt, won’t be the last!
Now @ 2.80p, a realistic opportunity on a risk/reward basis. Could retrace 2.60p, but equally extend to 3.40p+ in the short term. Sorry for all those that bought on HSR recommendation around 3.75/4p, now nursing 25/30% loss!
Don’t buy on Aim hype, you will always lose! Buy low sell high.
Chris Standing
Up nearly 94% today, it may be a ramp, but Doc H is very keen, I’ve got a few quid on it, not much, but a nice little bonus if it continues.
turbograndad
Up to 7p plus last look see, well it all depends on what your game is, have to say Tom called right, providing you fully understand the game your in, Pump&dump, could have made a few bob here, ah well.