Kingfisher and the weather Gods
Another day...another retail stock. 'Tis the (reporting) season I guess. Today's offering is Kingfisher (KGF), which longer-term readers will know I have traded once before over the last year or so, buying sub 3 quid and moving out after a 10%+ gain plus some dividends. Well, as noted most recently here, the share has been kicking around the three quid level today and that interests me. So is my call to trade the DIY and related company again for a double digit plus target gain looking wise or not after today's Q1 update?
- By Chris Bailey of Financial Orbit |
- 24 May 2018, 02:14 |
premium content
Julie Meyer - about that £172,192.70 owed to Barclays, what is a personal guarantee from you worth?
With Julie Meyer telling the US taxman, the IRS, that she has just £500 in cash and owing money to three banks, the IRS and HMRC, you might think that her personal situation could not get any worse. Well perhaps it could. I refer you to the administrators preliminary report into the demise of Ariadne Capital Limited below.
- By Tom Winnifrith |
- 24 May 2018, 02:13 |
Victoria Oil and Gas – how to deliver bad news: well done!
I previously covered AIM-listed Victoria Oil and Gas (VOG) with reference to an after-hours warning issued after market close, but during the auction. It looked terrible, but there were mitigating factors which looked to have combined in an unfortunate fashion. This morning Victoria has issued a Q1 trading update. It is not pretty, but I have to take my hat off to the company this morning, for it gives full numbers and investors can make a rational decision.
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 24 May 2018, 02:07 |
Julie Meyer and another big bank bill emerges thanks to Winnleaks
As each day goes by we discover yet another institution to whom Julie Meyer MBE owes money. Already we have identified the IRS,HMRC and two banks. Thanks to Winnileaks here, below, is a third, HSBC. One wonder if any of her creditors know about all the others and if that is going to make one especially jumpy and demand immediate repayment rather than accepting a payment plan? that could be awkward. Meanwhile are her various creditors happy that she has retained uber expensive lawyer Julian Pike of Farrer & Co to act for her in a personal as well as a corporate capacity?
- By Tom Winnifrith |
- 24 May 2018, 01:57 |
Bluebird Merchant Ventures - Kochang sampling results “further encouraging” - BUY
Bluebird Merchant Ventures (BMV) has announced further results from underground channel sampling at Kochang on in-situ ore left behind by the original miners – including emphasising “the samples show positive indications of high average gold and silver grades” and “orogenic deposits typically extend over 1 kilometre in depth and Kochang has only been developed to a depth of 150 metres”…
- By HotStockRockets |
- 24 May 2018, 01:57 |
Inspired Entertainment - the FOBT ruling & a Car Crash Balance Sheet
Back in January, I suggested selling Inspired Entertainment (NASDAQ - INSE) at $7.70 on the basis that a revised £2 maximum stake on Fixed Odds Betting Terminals (FOBTs) from the current £100 would cause serious problems for the company.
- By Lucian Miers |
- 24 May 2018, 01:55 |
Odd One Out contest featuring Julie Meyer MBE
There is no prize but are you "freaking cleverer than God" and able to spot the odd one out? The answer I see has nothing to do with nationality or religion. Post your answers in the comment section below. Our four angels are former Tory leader Iain Duncan Smith, Praise The Lord Julie Meyer, divine actress Jennifer Aniston and shamed ex Sefton boss Jimmyliar Ellerton. Do your worst...
- By Tom Winnifrith |
- 24 May 2018, 01:26 |
Animal Instinct Tells Me this Big Player in a Growing Market May Soon Make Tracks
Hello, Share Scramblers. It seems to me that more people are adopting cats and dogs. There’s also more interest in more exotic pets. At my vet this week, I spotted a hen and something in a sinister box which the owner seemed afraid of. People are also taking more care of their pets, as many become a substitute for offspring who’ve fled the nest.
- By Malcolm Stacey |
- 24 May 2018, 01:07 |
premium content
Tom Winnifrith Bearcast - the good news is that another trove of Julie Meyer documents has arrived at Winnileaks
Oh well that will keep me happy for the next few days. What fun. Before I go on, more than 1000 folks will listen to this bearcast. I know you can all afford to donate £10 to Woodlarks for my sponsored walk - please do so HERE and NOW otherwise I shall have to keep reminding you every day up until 28 July! On today's podcast I discuss Ms Lingerie on Expenses and the UK honours system, Magnolia Petroleum (MAGP), Optibiotix (OPTI), Paternoster Resources (PRS), Physiomics (PYS), Brave Bison (BBSN) and Paternoster Resources (PRS), home to Amanda Van Dyke.
- By Tom Winnifrith |
- 23 May 2018, 07:28 |
Another no show in Malta Court by Julie Meyer - the good news is a second criminal case looms as well
And so at 9 AM GMT the court in Malta opened its third attempt to try Julie Meyer on criminal charges. And for a third time Julie Meyer failed to appear. What is the devout Christian afraid of? This court will reconvene on 20th June. But my sources tell me that there is more bad news from the Maltese Courts on the way for Ms lingerie on expenses MBE.
- By Tom Winnifrith |
- 23 May 2018, 06:19 |
MediaZest – 3 deals which were to usher in positive EBITDA closed. BUT…
An update from audio-visual projects company MediaZest (MDZ) commences “as announced at the time of the interim results on 15 December 2017, the group expected to show a positive EBITDA at group level for the first time in respect of the year ended 31 March 2018, subject to the closing of three large deals. All three of those deals have been successfully closed”. Good news then? Er…
- By Steve Moore |
- 23 May 2018, 04:43 |
Magnolia Shocker - to delist from the AIM casino - why is the board not being sacked?
I have repeatedly warned against investing in Gavin Burnell of Globo infamy creation Magnolia Petroleum (MAGP). Drowning in debt, burning cash and paying vast sums to CEO Rita Whittingham and her ghastly relatives on the payroll this is a dog. Today the company says that it is going to try and sell some of its (crap) assets and to save £100,000 it will delist from AIM. It could save far more by firing its deadwood staff. The shares have plunged 65% and are now just 0.6p to sell. But you should sell. SP Angel guru, the City's No 1 oil analyst Zac "The Knife" Phillips sums up this farce perfectly.
- By Tom Winnifrith, The Sheriff of AIM |
- 23 May 2018, 03:27 |
Marks & Spencer - 'interesting things are starting to happen'. Really?
What to make of events at Marks & Spencer (MKS) over the last 24 hours? I last wrote on the embattled retailer back in July last year, concluding back then that:
- By Chris Bailey |
- 23 May 2018, 03:20 |
premium content
Woodford and the $2 billion spoof – Part 1: More odd-looking funding
In my view, Woodford’s dealings with what is now his largest unquoted holding across his funds, Benevolent AI, is his kryptonite and will be his undoing and I’m doing a couple of articles outlining why I think the current $2 billion valuation is an absolute spoof and why I believe Neil Woodford is complicit in said spoofery.
- By Cynical Bear |
- 23 May 2018, 02:09 |
premium content
Folli Follie doorstepping photo & podcast special
For reasons to do with burly security guards explained here I could not record this at Folli Follie. That is probably good as I can now explain the similarities with another Greek fraud (Globo), the looming deadlines and the unresolved questions which make this company likely to implode. That is not to say it does not have some real operations, the photos below are of its flagship store at 19 Ermou St in Athens, which I visited on Monday
- By Tom Winnifrith |
- 23 May 2018, 01:47 |
Brave Bison is likely to get slaughtered
In recent times we have seen some crazy rises off of the back of RNS Reach announcements, and the latest in the list is digital media publisher Brave Bison Group (BBSN).
- By Gary Newman |
- 23 May 2018, 01:46 |
Reach4Entertainment – disappointing results announcement, where now?
Theatre productions and events marketing company Reach4Entertainment (R4E) has announced results from a “challenging” 2017, which also saw “significant change for the company particularly through the appointment of a new management team in Q4 of 2017 under CEO Marc Boyan”…
- By Tom Winnifrith & Steve Moore |
- 23 May 2018, 01:40 |
premium content
Video from Folli Follie HQ Athens - the photos its burly security guards don't want you seeing
As promised, I trekked up the Great North Road to the HQ of Greek fraud Folli Follie to record a video. My driver was a burly Albanian arranged by friends of mine to ensure my safety. He was a bit more than a driver. I got out to take some photos which you can see below and then I was approached by two very burly security guards who don't want you seeing these photos. The video below shot from the other side of the Motorway explains what happened next.
- By Tom Winnifrith |
- 23 May 2018, 01:25 |
premium content
The most damning Winnileaks yet Julie Meyer invents time machine, uses Meyer Maths to create bogus profits and assets in Malta
This is the most damning Winnileaks yet. It is a whatapp conversation on 14-16 February 2018 between devout Christian Julie "lingerie on expenses" Meyer and what she terms the "inner circle". Ms Meyer says she is "reaching out to ALL the people who are on our side". Hmmm you so sure Julie about ALL of them? This is massive and shows that Julie Meyer is quite simply a fantasist. It will blow your mind.
- By Tom Winnifrith |
- 23 May 2018, 01:24 |
premium content
Brave Bison – shares in loss-maker soar on RNS Reach ramparoonie, with a new broker recently appointed. Hmmm!
Having not been above 1.5p in over a year and previously closed at 0.775p, shares in Brave Bison (BBSN) have soared to a current 3.55p on the back of an announcement entitled “World's 3rd biggest digital media publisher”. I immediately note it’s an RNS Reach announcement though – i.e. non-regulatory and thus is clearly ramptastic…
- By Steve Moore |
- 23 May 2018, 01:22 |