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Latest News

Bearcast
premium content

Tom Winnifrith Bearcast: Bruno Brooks, those 17 f*cks, Anthea Turner and today's RNS nonsense

Yes indeed it is THAT Bruno Brooks, the one who was shagging Anthea Turner, etc, etc. who runs AIM uber dog Immedia (IME). I explain why its RNS today is the biggest F*ck of all. I also explain why no article on Julie Meyer today - I've been too busy cooking and serving poisonous pizza NOT! Then I look at Defenx (DFX) in some detail before having a butchers at another Neil Woodford dog Utilitywise (UTW).

CGNR

Conroy Gold & Natural Resources: ShareProphets Translation service on today’s “business update”

Delisted from the junior Irish market but still trading on AIM, Conroy Gold and Natural Resources (CGNR) has put out a business update. The ShareProphets RNS Translation Service, having already had a field day on Telit this morning, is on a roll (original in bold)….

DFX

Defenx – ‘Trading Update’; as warned, it’s got to reach the medium and long-term first!

A previous Trading Update from cyber-security software company Defenx (DFX) was it going from “satisfied” with trading less than a month ago… now “materially below” profit warning. There’s now another Trading Update

TCM

Telit announcement - ShareProphets RNS Translation Service

Yesterday Telit (TCM) got tame journalist Ben Harrington to leak that it had received bids for its only asset of value its auto division. That has forced a statement which is, of course, all spin. Here is the ShareProphets translation service. Our comments are in bold.

UTW

Utilitywise – from bad to worse for Woodford-backed dog; shares suspended as currently unable to publish audited accounts

Having less than two weeks ago stated that it “expects to complete its year-end audit process in respect of FY17 and announce its final results by 31 January 2018”, today Woodford-backed dog Utilitywise (UTW) has announced “the directors have now concluded that the company will not be able to publish its annual audited accounts for the year ended 31 July 2017 by 31 January 2018”. Cue share suspension…

CLLN

KPMG in the soup again as FRC opens investigation into Carillion

The only UK financial watchdog that is anything other than a poodle has again bared its teeth and again it is the auditors at KPMG that are in the firing line, this time over Carillion (CLLN). Still being investigatred over its role in the Quindell fraud, let off the hook on HBOS, KPMG at least knows how the Financial Reporting Council works.

Madness

The Weird Keeps Getting Weirder

US Equity valuations of 1999, as proven after the fact, were grossly elevated. However, when considered against a backdrop of economic factors, those valuations seem relatively tame versus today. Some will argue that Donald Trump’s pro-growth agenda will invigorate the outlook for the economy and corporate earnings. While that is a possibility, that argument is highly speculative as such policies face numerous headwinds along the path to implementation. Economic, demographic and productivity trends all point to stagnation.

AERO

Strat Aero, chairman, CEO and Chairman & founder walk plank, training unit canned just six weeks after open offer

Surely this is putting the cart before the horse. On 13 December long term,, AIM uber dog Strat Aero (AERO) launched an open offer to raise up to £510,000 at 0.035p ( to complement a £590,000 placing at the same amount. The offer was 81% taken up. Today came the bad news...

OPTI

Optibiotix - positive results on Sweetbiotix human taste studies... but we want more: we WILL get it soon BUY

OptiBiotix Health (OPTI) has announced what it terms "successful" human taste studies in its SweetBiotix product development programmes. Okay this is all good, but this is not the big banana.

THS

A Big Hole in South Africa Could Produce A Soaring Share for this Perky Miner

Hello Share Lovers. If you’re rich, your card case will be made from silver. If you’re super rich, like the villain in my latest horror novel, Black Snow, then it will be fashioned in platinum. How’s that for a crafty plug? Platinum is worth more than gold. And like gold, which is currently shy of its deserved value, there looks some catching up to be done regarding its price.

AFRI
premium content

Exclusive: David Lenigas run Afriag Global under formal investigation in South Africa

I have been shown emails which confirm that NEX Markets listed AIM refugee Afriag Global (AFRI), founded and run by David Lenigas is now under a formal investigation by South Africa's Companies and Intellectual Properties Commission (CIPC). Given the allegations about Yusuf Kajee and Paul de Robillard, the key players in Afriag earlier today, the company and those involved are now likely to come under inense scrutiny from regulators in London.

Bearcast
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Tom Winnifrith Bearcast - Surging Sterling: it was never about Brexit

I start with a discussion on Neil Woodford. Should I do a "special" session on him at UK Investor?  Answers in the comments section below please. Sterling is very much on the up. It was never about Brexit, that was a lie from the liberal media and remoaners. It was always about base rates and they are now on the up. What does that mean for us all? I look at Prezzo, another restaurant chain in the merde but it is not just about being in the wrong sector at the wrong time it is about debt and that, as I explain, has wider implications. And finally I look at the latest initiative from this not fit for purpose Government, meddling with share buy backs.

TCM
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Telit - the fraudsters favourite "journalist" has "news"

Ben Harrington is the go to journalist if you are a fraudster who wants to leak news and get a positive spin on it, just ask Rob Terry or the apologists for genocide and securities fraudsters at MySquar. So natch Telit (TCM) has asked him to leak news of the possible sale of its crown jewels , itts aiuto division. Hmmmm.

WPCT
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Atom Bank: Yet another Woodford cash-guzzler – more funding required

Pointed in its direction by Robert Dwek in the comments on my last Woodford piece, I thought I would write an article on the hugely capital intensive Woodford portfolio holding, Atom Bank, a start-up bank. A bit of a long read but I found it quite intellectually interesting looking at the challenges facing a start-up bank and it also throws up one of the first major funding issues for Woodford caused by the predicament he has recently got himself into.

Collapsing-Reactor

Five Slam Dunk shares to sell for 2018 – one month update

It is time for a review of the five shares I put up as slam-dunk sells on New Year’s Day. Those shares were UK Oil and Gas (UKOG), Frontera (FRR), Tern (TERN), Telit (TCM) and Milestone Group (MSG). How have they fared so far this year?

AFRI
premium content

Lenigas pal Yusuf Kajee of Afriag Infamy - Turn to pages 97,125,182 - ooh you are awful

This is not the bombshell revelation about a high profile AIM promoter I promise for today. That will be later. But just for fun....Have you read the new book by South African investigative journalist Jacques Pauw? "The President's Keepers." 

WPCT
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Malin Corp: Yet another Woodford cash-guzzler – part of the incestuous biotech investor family

Thought I may as well stick to a theme today and look at another Woodford investment which, surprise, surprise, undertook a placing on Friday, Dublin-listed, Malin Corp. This is yet another fund that invests in the same sort of early-stage biotech plays as Woodford Patient Capital Trust (WPCT). I will touch on why it looks overvalued to me and leave you with a piece of analysis to highlight the odd incestuous world of these biotech investors not that I’m making any accusations of course.

Newsboy

Notes from Underground: I have a bad feeling about this

Tom brings up crytocurrency fraud here - The Anatomy of CryptoCurrency Scams (tweaked) - but I get the sinking feeling that cryptocurrencies is going to be the next step in ShareProphets' fraud busting path.

premium content

Julie Meyer smears former Ariadne boss Amit Pau but I have a confidential email she sent....

Julie Meyer MBE, of the Ariadne Group, has this weekend launched the most scathing of attacks on the former MD of Ariadne Capital (now in administration) Amit Pau who quit before it went under - essentially she accuses him of dishonesty and incompetence and says the he was told his days were numbered from early 2017. But sadly for Julie Meyer the Winnileaks facility has thrown up a confidential email she sent to a prospective investor in Ariadne on 6 October 2017.

  • 27 January 2018, 11:58 |
Bearcast
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Tom Winnifrith Bearcast - Is your portfolio in a bear market, mine almost is so I discuss it

I start with a look at the portfolios of those who are crowing as they have aced it for months. I have a warning for them. Then I look at my own portfolio, at the issue of short vs longer term performance at the individual stocks at risk reward and at why I am happy. Under discussion: Mark Slater, Neil Woodford, Optibiotix (OPTI), Reach4Entertainment (R4E), Falanx (FLX), Concepta (CPT), Big Sofa (BST), Premaitha (NIPT). I failed to mention Sosandar (SOS) but I am very happy there too. My HMD podcast I refer to is HERE

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