UK 21:42 Saturday, 7 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Dan McCrum is a journalist on a very important paper, the FT. And so naturally he of the microscopic cojones is the heroic scribe who brought down the fraud Globo (GBO) all by himself. In between picking his nose and slapping himself on the pack micro cojones yesterday explained how the downfall was 100% down to him. Welcome to the Dan McCrum Globo timeline. His comments are in ordinary font, my own are in bold.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Daniel Victor
Sad – you used to be a fan of his.
Phil
I had found 5 shares by the time I was 20 and then I made my biggest mistake. I started talking and dealing with a London stockbroker. Diversity is the key he said. So I took him at his word and took circa 36 stocks into the 73/74 crash and they got fucking hammered. As a small bit player, the prick dumped a shed load of trailer trash onto me.
The only shares that carried any value through 73/74 were those 5 shares, they have lasted me a lifetime. I still have them and will never sell them, they will outlast me. Since then I have played a lone game and SP is the only market commentators I have found that I have any faith in, the rest of it including the ridiculous FT is a busted premise.
The Globo report would never have been published without SP, that is the reality here.
wildrides
I agree ………. Share Prophets is way, way, ahead of the rest . To be fair Scotty has been on about this debarcle for some while , but in a more subtle way . He did not publish the report tho . Only SP was brave enough to do that . Its pioneering journalism , no doubt about it .
Compounder
The FT does not like to draw attention to fraud in the City of London. Doesn’t look good. The FT likes to protect the interests of those on the other side of the fence. The brokers, the auditors, the nomads, the bankers, the old boy networks, Eton bum boys .. you get the idea. All in my own personal opinion of course :)
alcira16247
Tom
Didn’t we witness similar behaviour from the so-called mainstream media ‘journalists’, during the Quindell saga?
When it comes down to seeking and reading ground breaking stories or commentaries on the financial markets, ShareProphets are the leaders …….. the rest of the press nothing more than followers……. once again proven over this affair.
Sherlock
Great summary Tom – keep reminding everyone just how completely gutless the old-world citywatchers are.
Cisk
I remember when the FT was a good paper. As a teenager I would trawl through the back pages looking at share price data. And the companies news section would have virtually every news item for smaller companies. Fast forward 20+ years and it’s a joke.
Company news is limited to a small handful of blue chips and a crock of shite regurgitated from Investors Chronicle, whose tips (as everyone knows) always do the opposite of what they recommend.
It’s a joke for the cover price – what? £3 now? And the weekend is full of worthless tat blabbering on about overpriced London house prices, some toff talking about gardens and Tyler Brule complaining how the first class of such-and-such airline is better or worse than a different airline. Or Somerset Webb moaning about pensions.
Tom, keep up the great work. It’s down to the likes of you and Paul Scott to expose scams like Globo. Just wish you could get Sean Nutley put behind bars.