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WPCT

EXCLUSIVE: Insight into the Woodford investment diligence process

After much digging and talking to those in the know I have managed to piece together how Neil Woodford and his team assess potential investments and have actually managed to access a transcript of a recent investment meeting that makes very “interesting” reading!

RRS

Randgold can overcome the problems in the Congo - buy

It isn’t often that I look at shares in a FTSE100 company and can easily see a very high chance of a 25% or more gain in share price over the coming months.

Newsboy

Notes from Underground - They call them the Flash

I was reading the home town newspaper online ahd have found the securities commission that is far more effective than the living statues at the FCA. After a mere ten years, the British Columbia Securities Commission has decided to act and seize the assets of fraudsters that they identified a decade ago. You can just imagine that discussions at the FCA: Are they on drugs? How is such speed even possible?

Bearcast
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Tom Winnifrith Bearcast - an angry shareholder on the BMR Scandal and a share sale validating The Big Short

I am very excited by working through the most wonkish of data sets to show Channel 4 was serving up A grade fake news as it reported on the drought in SA last night. More on that HERE. I start with the BMR (BMR) scandal where i am an angry small shareholder. The problem is that this is not an isolated incident, I look at Telit (TCM), MySquar (MYSQ) and Sefton (SER) where crime really did pay.  Then I look at an Optibiotix (OPTI) share sale and indicate at what point i will, again, be buying. I look at a share sale in BCA Marketplace (BCA) and why that is such a massive red flag compounding the thesis explained in my major report of last Autumn, The Big Short.

BOS

BOS Global – Looks like BOS Time is up!

I don’t take much glee in jumping on graves but having been consistently critical of the nonsense and spoofery at BOS Global (BOS) for the last eighteen months, I thought I should comment on this week’s RNS which seems to be throwing in the towel with no Nomad willing to take on the basket-case.

ESCH

Escher Group - 185p per share recommended offer, a “substantial premium”… Really?!

Escher Group (ESCH) has announced a 185p per share recommended offer, with Chairman Nick Winks emphasising “this cash offer with its substantial premium is a good outcome for our shareholders - given the uncertainty inherent in our customers' spending patterns and traditional one-off licence based business model, as well as the need to invest further in the business”.. Wait a minute though Nick, the shares were over 300p in 2014 and over 200p as recently as October! And...

WPCT
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Woodford’s Whack-A-Mole is getting out of control – could be game over pretty quickly

CityAM announced earlier this week that Woodford’s Equity Income Fund had lost a billion quid in funds since the start of the year down to £7.2 billion. This has huge consequences for all his funds and I’m not sure he has enough arms to suppress all the troublesome blind burrowing mammals raising their heads above ground. For the avoidance of doubt, I am referring to metaphorical moles at this point rather than Woodford’s investment diligence team. Let me explain.

FRR

This week's Primary Bid offer is Frontera Resources - Woof Woof I'm out

Frontera Resources (FRR) is a dog with fleas but it is aggressively ramped and promoted. And it has just announced a £2.5 million fully underwritten open offer at 0.466p via Primary Bid.  This represents a discount of approximately 17.5% to the closing mid price today.

IQE

Table of shorted AIM shares - week to 09/02/2018

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Bull

A Few More Big Reasons Why We Shouldn't Fear the Present Crash.

Hello, Share Changers. I know a lot of you worry about this Wall Street mini-crash. But your fears are probably unfounded. We’ve had a bull market lasting eight years. A correction was necessary. But it’s not been as bad as some writers on this magnificent website have been predicting. Neither will the big sell-off last.

Bearcast
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Tom Winnifrith Photo Bearcast: FFS DO NOT WAKE JOSHUA

Friday is one of my two and a half days a week when my 17 month old son Joshua is not at nursery and I am the primary carer. I am such a fucking feminist it is unbelievable. In fact I am almost expecting Harriet Harman to call for the Mrs to start giving me vast sums of money for being such a role model. Anyhow, I record with Joshua snoring so if I speak quietly it is so as not to wake him. In this podcast I cover Angus Energy (ANGS), UK Oil & Gas (UKOG), IQE (IQE), Versarien (VRS) and Sosandar (SOS), shares in which I am VERY happy to own.  My son and heir is pictured snoring away below.

7DIG

7digital – 2017 “better than market expectations”… but it’s talking “adjusted LBITDA”!

Year End Trading Update from 7digital Group (7DIG) includes “revenue for 2017 is expected to be up 52% at £17.3m” and “losses at adjusted LBITDA level are expected to be significantly reduced from the previous period and be better than market expectations”. The shares have nudged ahead to 5p – though I note this still well down from start of 2017 levels…

TATE

Tate and smile?

A Thursday in the middle of both a general corporate earnings disclosure frenzy and a market rout always throws up a few questionable share price reactions. I am wondering if one of these was the reaction by Tate & Lyle (TATE) shares which have fallen from 650p to around 600p at the time of writing.

FLX

Falanx is now at breakeven - major contract win news: Buy

Recently folks have been panicked into selling shares in Falanx (FLX) as market abusers spread some clear and silly lies about the company. Falanx has answered in the best way possible with a massive contract win which, we reckon, means that it is now operating at very close to breakeven or better. And it will soon get much better than that for we shareholders.

Boom
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Another unpaid supplier has to take Julie Meyer's Ariadne to Court in Malta - the empire is collapsing

In the UK Julie Meyer's flagship vehicle Ariadne Capital Limited went into administration before Christmas owing millions and demonstrating that its 2016 accounts were pure fiction. I can today reveal that yet, another of Praise The lord's dwindling band of UK companies, Ariadne Capital Partners Holdings Ltd has now suffered a First Gazette notice for strike off but it is in Malta where the shit is really hitting the fan for La Meyer's five companies.

KDR
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Karelian Diamonds – a lesson in reading RNSs: You've been spoofed - when’s the placing?

AIM-listed Karelian Diamonds (KDR) rather bucked the trend yesterday when it put on 10.6% on a day the markets were again sinking. We all know Karelian needs a placing urgently, to keep the lights on. So what caused the rise? Oh, hang on, there are three RNSs which were released just after 3.40pm – and they are all good 'news', except for one small detail…

Bobby-Moore

Radical Feminist Mark Slater and the cause of women's soccer

There are two things that I have never associated with my friend Mark Slater. One is being in any way, shape or form politically correct. The other is having any interest in football, it is surely a game for the oiks. Imagine my shock then to see the latest image tweeted by Brislington Ladies FC, my local club who I follow keenly - on twitter at least.

CRL

Creightons – a 4:05pm “Trading update”, Uh oh…

Creightons (CRL) has made a 4:05pm Trading update - expected 2018 outturn announcement. I guess it ain’t going to be good then…

PROX

Proxama – a well-run company? Then I’m a banana

This is comedy central. AIM-listed Proxama (PROX) put out an RNS after-hours last night (at 5.29pm) entitled Statement re Speculation and then ‘fessed up to a few problems at Companies House. I haven’t tracked down the speculation – perhaps some kind reader can point us all in the right direction. But well-run companies don’t suffer from this type of problem. The RNS read:

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