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Serica Energy (SQZ) has been one of my best performing share tips ever, but following recent developments now would seem to be a good time to bank some profit, if you haven’t already done so.
Oh dear, oh dear, a bad week for devout Christian Julie Meyer is about to get worse. It is not that the communion wine was off today but the Winnileaks service has just come up trumps again. Having suffered regulatory suspension in Malta (see HERE) and facing criminal charges in the same country (see HERE) as well as an HMRC probe in the UK (see HERE) and a lawsuit from Henry Gewanter (see HERE) with more lawsuits from those to whom she owes cash to follow, now we have a devestating email sent by her Entrepreneur Country operation less than seven weeks ago which has arrived with Winnileaks. Ouch.
Comedy from across the pond where things have taken a turn for the worse for ex-Milestone favourite Lyin' Larry Cummins and his latest ex-employer, Black Cactus Global (OTC: BLGI), which has been forced to put out a hilarious mea culpa. Wonder who’s been ramping wildly?
Okay those may be the names best known to readers of this site but the panel also included two other wise heads, Ayan Mitra (Code Investing) and veteran gold guru Malcolm Burne (JP Jenkins)
I have the same conversations with people all of the time: why should I read ShareProphets, a muckraking, little-known website, when I already subscribe to the FT?
The 3xs are the best friend of a fraudbuster or an investigative journalist and right now xs are lining up to me to chat about Julie Meyer. The Winnileaks service is buzzing. Julie's reign of terror over the xs is over. Away from that I comment on whether it is better to travel to arrive, the idea that UK Equities have only been this cheap during world wars - bollocks in the Telegraph - Interquest (ITQ) whose management are A grade a'holes and Westminster Group (ditto) where the issue is not where earnings will be in 4 years as our in-house BB loon Wildes suggests - but whether the company will be bust in 4 weeks.
Did you see Friday's AGM trading update from oil services company John Wood Group (WG.)? Obviously I was all over it like a rash given it was one of my two tips of the year in late December and - as I noted here - a couple of months ago or so, it had a slightly sluggish start. The better news is that after Friday's move the stock is now back to where it started the year - and I think we go higher from here.
As you can see below, Julie Meyer and her crumbling Ariadne empire are only allowed to conduct financial business - such as managing her crappy fund - in the UK thanks to an EU passport from her Maltese authorisation. With that now suspended how soon will the FCA update the page below. More importantly...
A time for celebration as one of the Seven Mythical Creatures has become a reality this month with the long awaited launch of the Melody VR app from EVR Holdings (EVRH). We may never see such events again or at least not the share price anyway.
Oh dear. Oh dear. Losing her Maltese regulatory license yesterday was bad enough for Julie Meyer MBE. Having the HMRC open an investigation on Thursday was also bad. And having Maltese magistrates blast her on Wednesday about her fleeing criminal charges was really bad. Now it gets worse as an email from the devout Christian has emerged (see below) which begs the question as to whether Julie Meyer attempted to defraud investors in 2017. Did she commit fraud? Judge for yourself...
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...
Praise be the Lord! This evening the Maltese Regulator, the MSFA, has finally acted - as I predicted it would two days ago HERE. It has stated that, having been investigating devout Christian Julie Meyer personally as well as Ariadne Capital Malta Limited - her regulated operation - since last November, it has today suspended its license to operate with immediate effect. The statement is no holds barred. The MSFA opines:
Hello, Share Starters. Many of my friends still believe in the hoary Stock Market saying, ‘Go away in May’. It ends ‘Come back on St Leger Day’. Coming from the racehorse centre of Doncaster I know that means we should start trading again in the first week in September.
AIM-listed Bowleven (BLVN) has announced the arrival of the Topaz driller rig in Cameroon waters. The rig is contracted for 150 days to perform the two-well appraisal drilling campaign on the Etinde asset, with first spud due by the end of this month.
Scott had failed to show up for his main stage session with Nigel Wray after drinking too much the night before but rolled up for a noon bearcast. Enjoy.
AIM-listed Advanced Oncotherapy finally got around to updating the market over its Blackfinch loan which matured on 24 March and was secured on its Harley Street premises. But it seems that the company can’t tell the truth!
This session was chaired by our own Chris Bailey and featured Andrew Bell of Red Rock (RRR), Rob Scott of Anglo African Agriculture (AAAP - where we own shares - Ahmet Dik of Victoria Oil & Gas (VOG) and Colin Bird of numerous companies, including Jubilee Metals (JLP) tipped by Andrew Monk this morning.
I start with the latest developments on Julie Meyer and hint at what is coming next from myself and also from John Galt. Julie you ain't seen nothing yet. Praise be the Lord. Then it is onto Westminster Group (WSG) and someone almost as loathsome as Meyer, that is to say ex Tory MP fat Tony Baldry. Then I look at Eden Reseearch (EDEN) which fat Tone knows well, Pantheon Resources (PANR), Advanced Oncotherapy (AVO), the tossers at the FT, Jubilee Metals (JLP) and other Beuafort Securities victims and Interserve (IRV) and the tools at the FCA.
As we know, Frontera Resources (FRR) is almost out of cash which makes the ramptastic presentation held for mug punters on May 9th even more sordid. Among those attending was the blogger Fat Bastard who reports back in his iii column without, natch, declaring that he is paid to write shite by companies such as Frontera. How does iii's joke compliance department tolerate this I wonder? After picking up his brown envelope, Fat Bastard opines:
This panel was chaired by our own Gary Newman and featured uranium cheerleader Paul Atherley of Berkeley Energia (BKY), coal bug Andrew Bell of Regency Mines (RGM) and waste to power enthusiast Keith Allaun of Powerhouse Energy (PHE).
Another day, and another set of expenses claimed by Julie Meyer MBE as being "on company business" from Ariadne Capital Limited, now in administration. Staff who were paid late or not at all, investors who have lost everything and the HMRC who will surely see these as more benefits in kind on which Julie should have paid tax, will be horrified. Natch this document has gone to the HMRC. This is October 2014 and is a retail special. Although the Co-op entry, 11 October, is a total hoot.
Oh dear Julie Meyer. This document below which has dropped into the hands of the Winnileaks service is already with one of the FOUR investors in your companies who is suing you and he is adding it to his case. It will be with the FCA and MFSA later today for it indicates a wholesale fraud on your part. It is dated 13 November 2017.
I start with confirmation that Brokerman Dan and I really are doing a Horse Hill to Woodlarks charity walk on 28 July. Are you free and would you like to walk too? If not just give us your cash ( as Dan used to say in different circumstances in the old days). More details here I then comment on the latest year on year newspaper circulation stats (below) - what is happening, why and what it means.
When Sosandar (SOS) listed on AIM at 15p late last year, the forecast was that sales in the year to March 31 would be £1 million. Now we learn that they were £1.34 million. How many companies beat forecasts by that much in their IPO year? This is a special company as anyone who watched the two birds who run it HERE will know. This is not just about sales. It gets better for we loyal shareholders...
Oh dear. Two grovelling letters from tax evading Julie Meyer have come to me via Winnileaks. It seems that her US assets ( 2 flats) are now under lien to the taxamn (the IRS) as Julie forgot to pay any Capital Gains Tax on the sale of First Tuesday in 2000. She is now begging for a payment plan.
It is just over a month since I updated on my trawl to find big dividends which might be safe in a market environment where I don’t see much upside and plenty downside. Having originally settled on BT (BT.A) at about 225p on a yield of just shy of 7%, I added ITV (ITV) at the last count, paying 143.7p. That puts its dividend at 5.4%, although it went ex-dividend before I bought. Meanwhile I finally succumbed to the attractions (as I saw them) of Centrica (CNA), paying 142.95p ahead if its final dividend. How are things looking?
A “Business Outlook Update” from computer vision technologies company Seeing Machines (SEE) - following an announcement on Wednesday of “Australian Distributor Expands Guardian Commitment” and on Friday of “European Commission Agenda Affirms SEE Tech”, which together saw the shares up from 6.6p to 8.55p. Surely good news then…
As we saw earlier, Julie Meyer has told the US taxman, the IRS, to who she owes vast sums, that her only source of income is - illegal - director loans from Ariadne in Malta. Unfortunately that is a lie. Because, thanks to Winnileaks, you can see below a letter from a Swiss company Vestergaard where Julie is a director detailing her pay in 2017. Check its website and you'll see she is still a director. Ooops, I bet Julie hopes the IRS don't find out about that. Sadly for the devout Christian...
The People’s Operator (TPOP) is one of a number of AIM companies where you have to wonder whether there is really any point in it continuing to stay in business, other than generating fees for its brokers.
As we saw earlier Julie Meyer MBE appears to have forgotten to pay any tax on the Capital Gain she enjoyed when selling First Tuesday 18 years ago. Sadly for her the US tax authorities at the IRS have caught up with the devoutly christian tax avoider but are not demanding all their cash at once because it appears that poor Julie really is flat broke. Thanks to Winnileaks I bring you a filing Julie made to the IRS.
If Italy’s neo-anarchist "Grillini" had combined with anti-euro Lega nationalists two or three years ago to form an insurgent government, it would have set off panic in the bond markets. Yet now that this is upon investors, risk spreads have barely moved as Bond purchases by the European Central Bank and negative rates have enveloped Italy with an enormous comfort blanket as most investors think there is no chance that the ECB will let Italy go down, because it is the end of the European project if that happens.
As I head off to Greece later this week it will be to start training at altitude in the Taygetos Mountains. Only kidding. But i have been taking to the gym and starting some modest walks. I really do not want to be shown up too badly on 28 July when Brokerman Dan Levi and I walk from Horse Hill to Woodlarks.
Hello Share Strikers. In recent weeks, nay months, I’ve advocated buying shares in the big oilers, like Shell (RDSA) and BP (BP.). I was very lucky here. And I still think there’s some way to go, with the price of Brent Crude once again at the top of the tree.
Andalas Energy (ADL) is a company that even after its recent placing has NEGATIVE net current assets of $1-2 million and no assets of any value. I think it is worthless but its management wishes to meet me to explain why I am wrong. Hmmm. Well for starters I am a hermit who never goes to London other than for UK Investor and secondly I simply will not meet until the company answers four questions and it is still refusing.
As the winner of the 2017 Dragon's Den – grand prize, a free trip to anywhere the #73 bus goes, bus fare not included - I have a a reputation to protect. So there would be absolutely no reason to do a check in on how the 2018 leaderboard is doing.
AIM-listed, Houston headquartered, Cayman Islands registered oil/gas play Frontera (FRR), whose operations are in Georgia (and if that’s not a Red Flag….) has confirmed gas flow rates from its Dino-2 well in the Taribani complex. It flowed at 315 bbls per day – well, at least part of one day. Apparently that’s commercial, but I doubt shareholders can count their winnings just yet.
Amazingly, the cash shell that is Standard Listed AIQ (AIQ) – with somewhere around 8-10p per share of cash and nothing else – has again returned from suspension this morning. The shares, having peaked (ahead of the last suspension) at 150p to buy are now in free fall, sitting on a spread (last seen) of 80p (to sell) to 130p (to buy). I have no hesitation in recommending a sell – there is, after all, only 8-10p of value here. What does surprise me is that there has been no official comment whatsoever from the company – or, indeed, anyone else.
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