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Latest News

Bearcast
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Tom Winnifrith Bearcast: The missing trading statement from Purplebricks and does IQE need to warn?

I start on a rather sad personal note. Then it is onto Purplebricks (PURP) and the missing FY trading statement. Does that mean that the great day of a big de-rate looms? I look at UK Oil & Gas (UKOG) in light of today's scoop, at Strat Aero (AERO) where if you look at the real maths the current ramp has created a joke valuation, at the People's Operator (TPOP) which should be sent to Dignitas and finally at IQE (IQE) where I ask if a profits warning is imminent? 5% of Bearcast listeners have donated to the Woodlarks charity walk but 95% have not! . We are now at 26% of our £20,000 target. As I prepare for a step up in my training walks tomorrow - pushing Joshua for 7.5 miles - to those who have  donated I say thank you. To the rest, I know you can afford a tenner - think of me training and cough up now HERE

CMH

Chamberlin – FY results; short-term margins undermined, but revenue growth and outlook encourage: BUY

Results for its year ended 31st March 2018 from foundries and engineering company Chamberlin (CMH) emphasise “very encouraging revenue growth”, though “technical issues at foundry operations undermined margins although these issues are now largely resolved”. The following updates after a chat with management…

Gagged

Whistleblower John Galt writes to Julie Meyer explaining why he is exposing her fraud

Over the past three months Julie "lingerie on expenses" and her loathsome lawyer Julian Pike of Farrer & Co have sought to gag whistleblower John Galt, a former employee of Ariadne who has exposed the wholesale fraud at the heart of Meyer's empire. Lying to Court on an industrial scale Meyer has striven to have Galt shut down. The letter below was sent by Galt to Meyer in March and explains why he is now ignoring the threats and speaking out as are so many others. Enjoy!

Bearcast
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Tom Winnifrith Bonus Bearcast - Pinsent Masons & Daniel Stewart sued for £180m over the Naibu fraud I exposed - happy days

Pinsent Masons was at the heart of the dirty tricks campaign Sefton Resources (SER) waged against myself and Brokerman Dan Levi as we exposed wholesale lying and fraud. Pinsents was thrashed in Court when Sefton sued us for libel. Scumbag low life motherfucker Pinsents partner Russell Booker was never disciplined so I guess it thinks dirty tricks against journalists are okay. Daniel Stewart (DAN) also sent me lawyers letters but never accepted my kind offer to "see you in Court bitchez", Anyhow the two are being sued for £180 million for their negligence over the Naibu (NBU) fraud I exposed HERE. I discuss that but also why Paul Scott should apologise to 6,000 House of Fraser staff losing their jobs in this bonus podcast.

WPCT
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WPCT – Not more investment policy rule bending, Neil, surely?

I’ve always thought it odd when investment vehicles merely take stakes in other investment funds as one ends up with duplication of fees. There is usually an investment policy limit on such stakes, not that Mr Woodford appears to be taking the limit at Woodford Patient Capital Trust (WPCT) that seriously. Why would he - rules are for the great unwashed aren’t they?

UKOG
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EXCLUSIVE: Shore Cap sounding out investors on £5 million UK Oil & Gas placing: struggling - source

As noted many times, but most recently in bearcast yesterday, UK Oil & Gas (UKOG) is running on fumes. It quite simply does not have the cash to both cover its (bloated) PLC costs and fulfil its exploration commitments for the rest of calendar 2018. Thus a City source close to the situation tells us that ShoreCap is - as we speak - sounding out investors about a £5 million placing. And it is struggling to find any demand.

Malcolm-On-Motorcycle

A Chirpy Trio which Have Taken One Step Back But Could Now Rally Two Steps Forward

Hello Share Twirlers. There are times, gang, when some of my favourite shares are in a quiet period. Or they’ve taken a small, and in my humble view, unjustified, knock. When this happens, it could be a jolly idea to bring them to your attention - so here are three of these stocks.

ZIN

Zinc Media – does US agent deal & TV commission awards news justify shares soaring?

Shares in TV and multimedia content producer Zinc Media (ZIN) are currently leading the risers today – up 35%, towards 0.70p, on the back of a “US Agent Deal and TV Commission Awards” announcement…

NIPT

Premaitha - Indian Deal, a big deal. Strong Buy

The rehabilitation of Premaitha Health (NIPT) continues. The latest news is from India where there is not even a whiff of a patent challenge from Illumina and where our boys have signed a 3-year agreement with one of the most advanced clinical laboratory groups in the country to provide a bespoke, high quality and scaleable NIPT solution.

SNT

Sabien Technology – “New Order Received”, a 2017 sell tip of the year update

2017 sell tip of the year at a 3p bid price from myself, Sabien Technology (SNT) has today made a “Corporate Update New Order Received” announcement…

ACRL

Accrol – open offer update, how’s the “platform for the group to execute its strategy”?

Tissue products manufacturing group Accrol (ACRL) has updated that it received valid applications of 287.64% of the new shares available under an open offer to raise up to £1.935 million at 15p per share. That compares with a 22.5p prior close, but also more than 130p as recently as October 2017, so where now?...

Bearcast
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Tom Winnifrith Bearcast: Pre-placing bullshit from Sound, Feedback and UK Oil & Gas

Today's bearcast is slightly delayed by the LSE IT glitch but here goes as Joshua and I prepare for coffee with the fit young mums and then another training walk, this time with Joshua. In the podcast I cover UK Oil & Gas (UKOG), Interquest (ITQ), Sound Energy (SOU) Feedback (FDBK), which wins bullshitter of the day award, and Frontera (FRR). Now, 5% of Bearcast listeners have donated to the Woodlarks charity walk but 95% have not! And we are now at 26% of our £20,000 target. As I prepare for a training walk - pushing Joshua - to those who have  donated I say thank you. To the rest, I know you can afford a tenner - think of me training and cough up now HERE

DTY

Dignity - 'continues to believe that trading during 2018 will be volatile' - shares heading only one way

Oh Dignity (DTY). After last week's shocker – commented on HERE, following the announcement of the CMA funeral sector review, today's AGM statement from the UK's leading funeral related services company continues to be desperately mixed...and the rationale for owning the shares remains buried below the harsh realities of a sharply changing industry.

Clown

More non GDPR compliant spam from Julie Meyer - You have to be freaking cleverer than God to understand it

As we know Julie "lingerie on expenses" Meyer reckons she is "freaking cleverer than God" and proves this almost daily by sending out wholly non GDPR spam which is so complex that folks like me just don't understand a word of it. Taking time off from evading the Maltese Police, who seek her on criminal charges, and the IRS and HMRC to whom she owes money and has lied to, as well as numerous banks and other creditors, Meyer has sent another missive. Can anyone explain any of the gibberish below:

FRR
premium content

Frontera cant repay death spiral debt so extends it - at a cost and it still has no cash

I wonder how the whore blogger, Fat Bastard himself, Mr Malcolm Graham Wood will explain this away as good news. After all that is what Frontera (FRR) pay him for. In essence Frontera has no cash, is burning cash and had to repay $2.891 million to death spiral provider Yorkville on 16 June. Problemo! 

GEMD

The Carat Comes Before the Stick with this Glittering Diamond Mine

Hello, Share Scatterers. Diamonds are a glamorous play, but oh, how risky! I’ve thrown the odd thousand at a few miners hoping to find a few glittery winners. But I have usually been disappointed. Some of my long-ago picks are now so low in value that they’re not even worth cashing in. But that, as Shareprophets star contributor Wilders recently pointed out, is the dodgy nature of exploratory mining. However, there are a few diamond miners with impressive assets rather than just high hopes.

MAGP

Magnolia Petroleum - it even fucks up its admission that it is fucked

Set to delist from AIM, drowning in debt, burning cash, run by the poltroon Rita Whittingham with her love of a bloated pay cheque for herself and family members, Magnolia Petroleum (MAGP) was already the laughing stock of the AIM Casino.  But today it took its incompetence to a new level.  At 1.43 PM it announced...

MIN

Minoan: more delays, more confetti, adviser options. What’s not to like?

 

AIM-listed Minoan has updated the market this morning on some important matters, some trivial matters, and hasn’t mentioned another (why not?). I’m not overly-impressed, but does it change my “buy” stance?

AMO

Amino Technologies – emphasies “confidence in full year expectations”, so why the share price decline?

Amino Technologies (AMO) has updated on trading for its half-year ended 31st May 2018, including “as operators transform their services to IP delivery to meet consumer demand for entertainment 24/7 on any device we are seeing good traction for our three clear market opportunities - upcycling, the transition from cable to IPTV, and Android TV. Good visibility provided by our order backlog and pipeline underpins the board's confidence in full year expectations”. So why a current more than 4% share price decline?...

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Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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