The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Published 18 May 2016, 01:22
I find Octagonal (OCT) such a frustrating stock as, at the heart of it, there appears to be a decent business that can throw off cash and that potentially looks undervalued using standard valuation metrics but while the CEO and major shareholder, John Gunn, continues to use its bank balance as a personal investment piggybank, I have to leave it well alone.
Published 29 December 2020, 15:06
At 1.25pm AIM-listed POS Inspirit Energy (INSP) issued a statement relating to fellow AIM-listed Octagonal, where its CEO and Chairman John Gunn, and Finance Director Nilesh Jagatia also reside in the same roles, whose subsidiary, Global Investment Strategy is Inspirit’s sole broker – the very same subsidiary which has been charged by the SEC – alongside John Gunn, for aiding and abetting – with violating US broker-dealer registration provisions of the Securities Exchange Act 1934. Given that Jagatia and Gunn make up two thirds of the board of Inspirit, there clearly is a problem here!
Published 18 July 2016, 02:13
On 29 April 2016, Octagonal (OCT) issued a Post Close Trading Update in respect of its wholly owned subsidiary and primary business, Global Investment Strategy UK Ltd ("GIS"), following completion of the reporting period to 31 March 2016. It that announcement it made the following statement:
Published 15 November 2015, 04:42
Anyone who was mad enough to back the Octagonal (OCT) placing at 2p this June is already 57.5% down. I guess by the standards of most David Lenigas placings of late that has to be viewed as a roaring success. I first touched on Octagonal as a car crash underway HERE and yesterday discussed its first rum and coke balance sheet entry HERE. But it gets worse (for Dave) and better for me.
Published 12 June 2015, 05:10
Shares in “AIM traded investing company focused on opportunities within the financial services' sector”, Octagonal plc (OCT) currently trade more than 40% higher today, at 0.26p, on the back of an announcement that “it has entered into conditional agreements to acquire the issued share capital of Global Investment Strategy UK Ltd that it does not currently own”. So, what’s the excitement about? …
Published 23 December 2015, 07:27
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Octagonal (OCT), Petra Diamonds (PDL) and W Resources (WRES) setting share price targets for all three stocks.
Published 10 July 2017, 02:38
Any company employing disgraced Nilesh Jagathia of Teathers infamy is a good bet either to go tits up or to get into a spot of bother for not filing documents properly at Companies House. And that brings us to Octagonal (OCT) PLC where clueless Nilesh does the books.
Published 25 November 2015, 05:27
I have already demonstrated that the “investments” made by AIM listed Octagonal (OCT) – director Da vid Lenigas – are not worth anything like their stated value and that balance sheet support is illusory. But at least there was some cash. Or there was.
Published 29 March 2020, 13:42
For a small company, Octagonal (OCT) seems to get through more auditors at a rapid pace with no less than 3 different firms of auditors for the listed entity in the last five years and two changes of auditors for each of the principal subsidiaries.
Published 22 February 2017, 01:54
Nilesh Jagatia the former FD at now delisted AIM bad boy Teathers Financial (TEA) is now enmeshed in controvery not only over Teather's serial ability to file accounts on time but over how shareholder's cash was used not only on entertainment involving semi clad young ladies but also for apparently personal spending by Nilesh. One hopes that by now the Old Bill and HMRC have been asked to have a butcher's. Amazingly Mr Jagatia remains as FD at two other AIM Companies both, as it happens, run by John Gunn: Inspirit (INSP) and Octagonal (OCT). I have now written to John Gunn.
Published 9 October 2015, 03:27
There are a couple of obvious points to note as far as the daily chart picture at Octagonal over the recent past has been concerned.
Published 26 December 2020, 10:53
Unfortunately Boris Johnson is still celebrating his Brexit success, before sharing what is in the document with anyone else. What could possibly go wrong!? So he has asked me to help out with the final adjudication of this year’s ShareProphets Christmas Red Flags sweepstakes – with, as ever, absolutely no prize at all beyond the immeasurable kudos involved. So here is my list of RNS Red Flags on Christmas Eve.
Published 20 February 2017, 01:43
The way that shareholders' cash was pissed away on corporate jollies & semi clad young ladies by the former board of Teathers Financial (TEA) has already been documented fully here. But documents have now fallen into my possession, here at Winnileaks, which ask even bigger questions about FD Nilesh Jagatia who is pro tem, still FD at AIM-listed Inspirit (INSP) and Octagonal (OCT). After this bombshell I wonder for how long.
Published 10 January 2021, 14:57
With all the law enforcement hassles over at Octagonal plc (OCT), which shares the Chairman, CEO and Finance Director in the same roles as at AIM-listed Inspirit Energy Holdings (INSP) one might imagine that their attentions are rather taken up at Octagonal. After all, being charged by the SEC in the USA is a serious matter which could have devastating consequences. So I wonder if anything has been forgotten…….such as this:
Published 4 June 2016, 04:01
Who would you want running the AIM PLC board from hell? Naturally with Outsourcery (OUT) becoming his 39th business failure, or is it 38 I lose track, Dragon's Den flop Piers Linney has to be the CEO. I'd nominate that silly woman from Easyjet (EZJ) as Group Equal Opportunities Officer. The Chairman has to be the patrician twit Gibson Smith formerly at the LSE. The FD...check out the CV of Nilesh Jagatia of Inspirit (INSP) and Teather's (TEA) infamy now on the run!
Published 20 December 2017, 01:43
Yesterday AIM-listed Octagonal (OCT) released a Director’s Dealings RNS. Nothing unusual about that, you might think, but the text was announcing that CEO John Gunn was taking a loan secured against his shares in the company. Is he doing an Equities First type of deal?
Published 27 March 2020, 13:03
Octagonal (OCT) CFO's is Nilesh Jagatia a strong contender for the worst CFO of an AIM company. No I lie. As we have demonstrated over and over again, he is not only useless but, almost certainly, bent as well.
Published 27 March 2020, 14:22
I shall start the ball rolling with one nomination but feel you may be able to assist in compliing this list & the best nomination wins the usual prize to be sent one day. I seek men and women who are not only incompetent but also palpably dishonest, demonstrably using shareholders cash for theor own purposes or telling blatant lies to investors. A true Rogue director should be a serial offender & must still be a director or CFO of an AIM or Standard Listed company. So please nominate now with a name and the reasons why in the comments section below. I kick the process off by nominating…
Published 13 June 2015, 01:56
Featuring Boxhill Technologies (BOX), Kodal Minerals (KOD), Octagonal (OCT), Petropavlovsk (POG), Weatherly International (WTI)
Published 12 June 2015, 06:08
A pot pouri of a podcast today starting with the pronounciation pedant, the great Paul Scott. Then onto a cracking Zero Hedge article on how we should have treated the banksters in 2008 - we should have followed Iceland. Then on to Greece, Octagonal, Trap Oil, Nyota, Sefton, Afren, Alba Minerals, Monitise, Power Capital Global and Windar Photonics
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