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Tom Winnifrith Bearcast: In praise of Ed Croft, Martin Sorrell's hookers on expenses, & John Meyer must man up and take responsibility
I start by praising Ed Croft who despite all that I have said about him has donated £30 to my charity walk for Woodlarks. To those 90% of you listening who I have not insulted at all surely you can spare a tenner. We have now raised £6,263.16 (before gift aid), surely you can donate £10 HERE. Then I look at Martin Sorrell (ex WPP) and the hookers on expenses, Lord Browne of BP and the rent boy on expenses and natch I mention someone who put a sex toy and batteries and lots of lingerie on her expenses. Their crime is nothing to do with sex it is theft and I discuss that. Then it is onto Connect (CNCT) where I ponder its banking covenants and to Haydale Graphene (HAYD) where I wonder if the cash position is enough. Finally I explain to another J Meyer ( this time John not Julie, no relation) of SP Angel why the MySquar (MYSQ) fraud is HIS responsibility and what he needs to do ASAP
- By Tom Winnifrith |
- 13 June 2018, 04:28 |
Kefi secures $30m project funding for Tulu Kapi – now ready and funded to build mine: BUY
A very pleasant start to the week for we long suffering shareholders in Kefi Minerals (KEFI). That is to say it has announced that an Ethiopian consortium has stumped up $30 million in project finance for the Tulu Kapi gold mine, meaning it is fully funded into production.
- By HotStockRockets |
- 13 June 2018, 04:00 |
Premaitha – deal with Coastal Genomics, not the normal RNS but still STRONG BUY, new target price
We are getting increasingly used to Premaitha (NIPT) announcing more and more large non-UK distribution agreements. And fear not there will be much more on that front in the weeks and months that lie ahead. It will be a hot summer for Premaitha and for we loyal shareholders. But, for now, there is something a bit different.
- By HotStockRockets |
- 13 June 2018, 03:51 |
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Biffa - still brass in muck
As the old saying goes, 'where there's muck there's brass'. Rubbish and recycling company Biffa (BIFF) shareholders have had an alright ride since the company came back to the market in late 2016 but today's update contains the fascinating assertion that the company's CEO Ian Wakelin has 'advised the Board that he no longer wants to hold a full time executive role and that he therefore intends to leave the Company once the Board's succession plan has been implemented'.
- By Chris Bailey |
- 13 June 2018, 02:46 |
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Julie Meyer – now about the alleged theft from Taggstar when you were the sole director & paying Rachel Lowe
Taggstar is a company that, the joke ACE Fund run by Julie “lingere on expenses” Meyer MBE invested in and which – according to her lie packed fraudulent “private & confidential” begging email of 29 April 2018 (see HERE) was one of ACE’s hottest prospects, a "winner". Of course you and I know that it went into administration in July 2016. But it gets worse, because until her contract was “terminated” on 28 March 2016 Ms lingerie on expenses was the sole director of Taggstar.
- By Tom Winnifrith |
- 13 June 2018, 02:42 |
Grafenia – FY results argue transition “has progressed well”. Has it?
Results for its year ended 31st March 2018 from Grafenia (GRA) include the Chairman’s statement commencing “the transition of Grafenia plc has progressed well since I last wrote to you”. The shares have though responded lower, back towards 12p…
- By Steve Moore |
- 13 June 2018, 02:25 |
Have You Seen the Price at the Pumps? A Rosy Outlook for Shell and BP
Hello Share Trackers. I’ve heard on Radio Four just now that petrol stations are being urged to cut prices by two pence a litre. According to the BBC, this is because the price of Brent Crude has fallen. Talk about an exaggeration! The price has only dropped a few points after skyrocketing in the last six months.
- By Malcolm Stacey |
- 13 June 2018, 02:23 |
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Tom Winnifrith Bearcast: Now John Meyer at SP Angel, it's time to fess up about the Court case and MySquar
Firstly, I detail my latest training humiliations here. To those bearcast readers who have sponsored my charity 32 mile walk I say thank you, to the 95% of you have not, please give a tenner HERE. In the podcast I look at Stratex (STI) where the wrong management is following the wrong strategy and which is a dog with fleas. I look at MySquar (MYSQ) where Nomad John Meyer of SP Angel needs to stop turning a blind eye and come clean - tell us about the Court case looming in Singapore John! I look at Andalas (ADL), defend Neil Ricketts of Versarien (VRS) over share sales and then have a long discussion on CyanConnode (CYAN) where I fear an OW is implicated in a looming cash crisis accompanied by the the stench of boardroom greed with grotesque rewards for failure. It is shocking stuff.
- By Tom Winnifrith |
- 12 June 2018, 08:08 |
Pressure Technologies – “considerable momentum” & “significant potential”, so why are the shares further lower?
Pressure Technologies (PRES) has announced results for its half year ended 31st March 2018 including “dynamics in the defence and oil and gas markets are showing considerable momentum” and “there is significant potential in Alternative Energy”. So why are the shares currently further lower, below 130p?...
- By Steve Moore |
- 12 June 2018, 07:58 |
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Sell MiMedx and Purplebricks
US biotech firm MiMedx (NASDAQ - MDXG) has announced that none of its financial statements going back to 2012 can be relied upon and that it is still unable to file for Q4 2017 and Q1 2018. Its CFO was leaving with immediate effect to be replaced by one Edward Borkowski, who had previously tended the books of Canadian pharma company Concordia until it went bankrupt.
- By Lucian Miers |
- 12 June 2018, 05:14 |
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CyanConnode – attempts to mitigate with it cash crunch & AGM ahoy
Having announced results little more than 3 weeks ago, now a “Pre-AGM Update” from CyanConnode (CYAN) – the AGM though not until next week. A significant development then?...
- By Steve Moore |
- 12 June 2018, 04:29 |
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Purplebricks – problems with property management? When will it fess up?
I noted in a bearcast last week that the lack of a year end trading statement from Purplebricks (PURP) as has in the past been its wont – was a bad sign. If it had any good news at all to mention after the profits alert in march it would have told us about it. Instead silence. Well a source close to the company say one bit of news it could have released is, er more bad news.
- By Tom Winnifrith |
- 12 June 2018, 04:04 |
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Winnileaks strikes again - another Julie Meyer email shows her plundering the ACE fund
Hoisted by her own petard. This is boastful Julie Meyer at her very best. No doubt Martha Lane Fox, Paddy Pantsdown and Vince Cable will be delighted to see evidence of how Julie "lingerie on expenses" Meyer charmed them. But what is the killer admission here is the scale of the plunder of the ACE Fund ( other people's money) by Meyer's Ariadne Capital Limited ( now in administration).
- By Tom Winnifrith |
- 12 June 2018, 03:58 |
Columbus Energy at 4.7p offer worth 26p – VSA
Okay, VSA Resources is the house broker so it is paid to be bullish but could these shares really be a five bagger plus? Analyst Oliver O’Donnell reckons so and opines:
- By Tom Winnifrith |
- 12 June 2018, 03:30 |
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Crest Nicholson shows housebuilders are still rollin', rollin', rollin' DOWN
A month ago, I wrote a piece about housebuilders generally and Crest Nicholson (CRST) specifically, which concluded with the observation: "Lower prices and lower margins...that's the way forward for housebuilders. Sell 'em all". Today's formal half year numbers from Crest fully reiterate this clear theme...
- By Chris Bailey |
- 12 June 2018, 02:44 |
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More Winnileaks shocking data: Julie Meyer’s ACE fund – the scale of her plundering makes this little more than a personal ponzi
Although Julie Meyer is no longer regulated to manage other folks cash, rules are for little people not for Julie “lingerie on expenses” Meyer MBE and not only is she managing her ACE fund she is lying to investors to raise another £2 million. But beware, the scale of this ponzi is revealed in the data below.
- By Tom Winnifrith |
- 12 June 2018, 02:11 |
LightwaveRF – from “real energy and excitement” to CEO ‘stepping down’ in less than two weeks!
In December on LightwaveRF (LWRF) I noted that prior to a £5 million discounted fundraising it was cash crunch ahoy, though March-appointed CEO Andrew Pearson “look(s) forward to building a great company in the rapidly growing smart home market”. Less than two weeks ago Pearson talked of “real energy and excitement within the company as we work to leverage our market leading technology”. Now a Board Changes announcement…
- By Steve Moore |
- 12 June 2018, 01:15 |
Oxford Bags Some Big Deals and that Share Price May Rise Even More
Hello, Share Nappers. It was a long time ago that I sold them, but shares in Oxford BioMedica (OXB) have started doing rather well. And that is becoming more unusual for small pharmaceutical companies. So the firm must be doing something right.
- By Malcolm Stacey |
- 12 June 2018, 01:11 |
BCA marketplace – Utterly bizarre bid or non bid from Apax
We know that BCA Marketplace (BCA) is highly operationally and financially geared. It has too much debt. Its chairman dumped over a million quid's worth of shares at 188p – and Avril is no fool. The car market is struggling so there must be questions over earnings visibility . and yet from left field there may be a bid. Bizarre.
- By Tom Winnifrith |
- 11 June 2018, 08:44 |
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Tom Winnifrith Bearcast: think of me with those muscular body builders laughing at me
Yes, today's training session for my Woodlarks charity walk is down at the gym run by local Tory stalwart Perry. Everyone else there is a muscular body builder. Then there is me. As the muscle men laugh at my pathetic efforts please donate a tenner ( as 95% of you have failed to do) to the 32 mile 28 July charity walk HERE. In the podcast I discuss rescuing junk mail from Oakley's piss and netting £922.77, Audioboom (BOOM) - do the maths, its looking dire even post placing for free speech denying worm Rob Proctor, Feedback (FDBK), Avanti Communications (AVN) and Inmarsat (ISAT), Jim Mellon's Fast Forward (FFWD), LightwaverRF (LWRF), PCGE (PCGE) and AIQ (AIQ).
- By Tom Winnifrith |
- 11 June 2018, 08:24 |