Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. 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.
Ascent (AST) admitted to a bid approach on Thursday and we own the shares (pro tem). I really do not wish to discourage morons from ramping this to high heaven but feel obliged to point out that those who could make us better off are, in fact, morons (HERE). Do you understand what I am saying? All I suggest is that Ascent boards will be happy hunting grounds if you wish to nominate for this Bulletin Board Moron contest. For instance, with the shares at 1.05p having doubled on Thursday, can you beat this tweet?
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Comments
fineanddandy
don’t look at the price now Tom!
o dear.
TW Note - happy looking at our bank balance instead. share prices can change, cash at bank wont, As I've noted if a 135% profit in 2 months is counted as a failure, bring on failures every day.
phil
Well one from an unusual source, and courtesy of Zerohedge a quote for Janet Yellen, uber of the Fed.
We go from interest rates hikes to the possibly of more QE, to negative interest rates (NIRP) within days of each other. Two weeks ago the Fed were prepared to hang the markets out to dry, now somewhat different and all it would have probably taken was a couple of calls from Sachs.
I knew back in 2007 they would come for depositors funds, arseholes. I have said before of a certain folly giving key economic decisions for unaccountable and unelectable officals, it always ends in tears and it will. Anyway, over to the Fed but in this paragraph from Yellen I include all the complete Moronic you call the central banks.
“ Financial market participants appear to recognize the FOMC’s data-dependent approach because incoming data surprises typically induce changes in market expectations about the likely future path of policy, resulting in movements in bond yields that act to buffer the economy from shocks. This mechanism serves as an important “automatic stabilizer” for the economy. As I have already noted, the decline in market expectations since December for the future path of the federal funds rate and accompanying downward pressure on long-term interest rates have helped to offset the contractionary effects of somewhat less favorable financial conditions and slower foreign growth. In addition, the public’s expectation that the Fed will respond to economic disturbances in a predictable manner to reduce or offset their potential harmful effects means that the public is apt to react less adversely to such shocks—a response which serves to stabilize the expectations underpinning hiring and spending decisions.
“
Clear enough ?
DeepPurple
The morons on the LGO board think BP is interested in taking them over. This gem from azulparasiempre. Comedy gold.
azulparasiempre BP rumour Wed 15:04
Guys , … BP are looking at us (LGO) , safe bet , no major drilling , Western Hemisphere , friendly govt, POO on rise , Funding for future extraction will be pocket money to BP. Same source still at BP and sitting pretty with 5 million shares. If BP work with us ,who knows how high this price could go?
BobbyChariot
SunnyRain on LSE Asylum (PCI Ward)
My position
Tue 21:32
I am a private investor I bought when I knew they were gonna crash I knew they were in debt and struggling knew about petroceltic and worldview ………..call it what you like…………..
Knew about the three pence offer.
And I paid more.
Have you understood my position ..
90 percent is needed for full control……..
Honestly I think I was,the judge sunny hill I would not look upon you well.
Buying the debt when you could of work it out.
fuckwit
From the ever reliable Philobeddoe on the LSE loony bin. Honest to god- he’s dreaming up that this utter pile of steaming shit that has never generated anything has more value in it than five household names (real companies that do things like sell goods and services, file accounts, employ personnel who are not simply crooks and lastly but not leastly are real companies rather than the “fairy tale” that this monkey continually bangs on about.
He remains confident – No shit sherlock! This clown like many others will be spouting nonsense about this long after the idiots at Worthington are long gone (many of who have already sold worthless paper to the likes of Philobeddoe, Picto, Hepran, Chrisd1975, UncleWarzy and dollop) These imbeciles are beyond help
Assuming our NAV is still “expected to exceed USD $2 Billion” …
That’s a NAV equivalent to the current NAV of the following companies combined …
Topps tiles £10.30m NAV (343 stores)
+
Speedy hire £234m NAV (220+ branches)
+
Cineworld £534.70m NAV (217 Multiplex cinemas)
+
Thomas cook £368m NAV (Travel agent)
+
Fyffes £215.57m NAV (Tropical fruit giant)
Total combined current NAV = £1363.07m
Of course, nobody knows if the original 10 deals are still on.
Possibly they are, possibly more have been added?
Possibly some have been replaced by others?
Hopefully, we’re still looking at £1300m plus NAV
The other number i’m really looking forward to knowing is our shares in issue when we resume. Hopefully it’ll be a tiny number and our NAV huge. Combine that with multi-listings and massive interest and if it all comes together as planned, we should most definitely be handsomely rewarded for our patience. It’s all down to Doug and the team to make it all happen for us. I for one, remain confident.
Stuart Kaplan
Fuckwit that is a classic from Philo. But I believe for pure moronic naivety this is a new personal best.
PhiloBeddoe
Posts: 424
Off Topic
Opinion: No Opinion
Price: 87.00
View Thread (4)
RE: deleted post
Today 23:02
Davie, I haven’t seen the stolen emails myself but I’ve read the Q&A which explains of the 1000’s of stolen emails, a very select few were published and in a way that purposely placed a negative spin on things. I’m also slightly baffled as to why you and presumably, Tom Winnifrith have an issue with directors allegedly wanting to sell some shares they own at a profit. Isn’t that the idea and the right of every shareholder? Since the only way to “get the share price up” is to add value (RNSs announcing deals for example) once the news is public, if somebody chooses to sell some shares on the rise at some point, then so what? What exactly is the problem? Since it isn’t possible to pump fresh air, the only way to “get the share price up” is to create value. And that means brokering deals with deal partners. Which means the company is built on solid, genuine substance and value. Which in turn lifts the share price. Having an ambition to build a multi billion dollar company and maybe sell some shares along the way at a profit, sounds perfectly legal, legitimate and acceptable to me? And deal partners will have done their own due diligence checks before sealing the deal, so the value added with each deal secured will be solid and genuine. If a director wishes, at some point, to reap some of the fruits of his labours, so what? What exactly is the problem with that?
—-ENDS—-
Temptress
In response to the RNS announcing a reduction in HAWKs RBL from $23m to £10m(HAWK currently owe $23m on this facility and have $2m in cash):
mallorca 9 1 Apr’16 – 08:11 – 123092 of 123102 1 0
Its just an overdraft facility reduction guy’s.
The Company is still doing well.
Juicin Drumroll
TW, do you want to be adhered to more?
Santa Anna
1 April 2016, 10:48
It amazes me how rude and arrogant TW and people who leave comments here are. I have good sources and what that is telling me is that Ascent is a work in progress. I hate obnoxiousness which is what I find TW to be….he seems to hate with a vengengence stupid people….try having some compassion for a change and perhaps people will adhere to you more!
- See more at: http://www.shareprophets.com/views/19776/more-insider-dealing-ascent-morons-to-be-rogered-tomorrow-as-cadogan-walks#sthash.AJe5zcpt.dpuf
fuckwit
I think we sometimes have to remind ourselves we’re going through a major transformation period in the company’s history. Unfortunately, no amount of forward planning can predict, with any degree of accuracy, how long processes might take. And that’s pretty much been the way of things right throughout suspension I think; the FCA ruling an RTO had been triggered leading to the decision to pursue the merger with Nuna, delays with the licence renewal process, setbacks due to the TW issue, extensions granted/progress continues to be made, etc, etc. Unfortunately, I think we’ve had more than our fair share of obstacles to overcome, set backs and delays. And many of them due to outside factors beyond our control, which are impossible to foresee and difficult to put a timeframe on. I think the company wants to provide definite timelines, financial calendar, etc – unfortunately, I think it’s just the nature of this transformation period we’re going through; how do you place a definite timescale on anything when factors beyond your control can take longer than planned and consequently impact on those timelines? If the company didn’t provide timelines, we’d no doubt feel frustrated with not having a date to aim for; and if they do provide timelines, we feel equally frustrated when those timelines are overshot or extended. From a shareholder’s point of view, it’s that “building your hopes up only to have them dashed again” part, that leads to frustration. However, i think it all comes down to trying to better understand this transformation period we’re going through. Unfortunately, these things are clearly complex, time consuming and involve a lot of interaction with various bodies, lawyers etc, who will no doubt have their own timelines and aren’t necessarily going to hurry just because you might have yours. Processes and procedures can take time and a company going through a major transformation encounters far more of those, i would imagine, than a company that isn’t going through such a transformation. It is frustrating how long things are taking, but we’re going through a major transformation and maybe it just comes with the territory.
Stuart Kaplan, Philobeddoe has upped the ante yet again with this spewing out of this delusional nonsense.He is genuinely the dumbest prick on a site full to the brim with dumbed down arseholes. A moron would look down on this clown as a lower lifeform.
Once we’re trading on the markets again as a conglomerate, I’d expect timelines, financial calendar, etc, to be met on time, just as you’d expect the same from any company. During a major transformation period however, I think we have to understand that it’s much more difficult to give definite timescales and always stick to them. Of course the one big positive of being invested in a company that’s going through a huge transformation, is that once it emerges from suspension with the transformation complete, from an investor’s point of view it’s pretty much the dream scenario and hopefully one that ends in a huge profit.
fuckwit
The post above is another gem from the ever increasing library of idiocy from Philobeddoe, the chief cheerleader for WRN, and the idiocy levels are npow being masked by delusional havering. Perhaps he thinks that incomprehensible guff such as this will fool the fools who invest in utter pish. After all, the scumbags at WRN did it to him first.
Please Please – publish more of the leaked emails for these arseholes to spin as good news.