Can you beat this gem from the LSE Asylum Supply@ME Capital (SYME) board? I put it to you as I return from my Greek eco palace never having held a short position in Eurasia (EUA), as suggested below, that council house dwelling fantasist Andre01 is quite simply bonkers. Anyhow, in these fevered times can you spot a better example of lunacy, delusion or just sheer stupidity on a Bulletin Board or on twitter? Entries in the comments section below with a deadline of midnight on Sunday 23rd August. Now over to Andre01 who is bonkers:

Yes, it is corrupt to claim that with 60 articles a year you are chasing Neil Woodford when you were for two decades his greatest cheerleader on Fleet Street. Jeff Prestidge ignored ALL the warnings and kept on urging Mail on Sunday readers to average down on Woodford funds. He should hold his head in shame. He demands transparency over Woodford while I demand transparency from him so I have 4 questions the loathsome reptile will not answer. I also look at bent PR-led journalism at the Sunday Times ref BT (BT.) Then it is onto Reach4Entertainment (R4E) where the FCA and AIM Regulation should be all over the company, its CEO Marc Boyan, and chairman Lord Grade.

When the market cap of a company is trading at significantly below its net asset value it would suggest that there is value in buying, but usually things aren’t as clear cut as they at first appear.

Back in May here, I concluded about BT Group (BT) following another big dividend payment going to the sword that ‘there is much more to do but gobbling down a reality pill may feel painful on day one but maybe not so much on day 100 or day 1000’.  In other words…they have a long turnaround ahead of them.  

Okay, this is only one store in a medium sized Welsh village. The one I live in. Perhaps, unbeknown to me, absolutely all of my fellow villagers spend their nights re-reading the works of Ayn Rand, brushing up on Austrian economics or on the greatest 100 quotes of Ronald Reagan and we are somehow atypical. My instincts are that this is not an unusually enlightened place. And thus in light of my article earlier in the week on #BoycottBenandJerrys and the woke hypocrisy of Unilever (ULVR) I bring you a photo from the village store.

Here are five long reads that have nothing to do with shares. Put the kettle on, find a comfy chair. You have the time, don’t you? 

I have commented on Simec Atlantis Energy (SAE) on a number of occasions over the last year on this site. I like the tidal turbine business as an Engineer, even if it is pre-commercial and in my view has little merit as an investment case basis. I have expressed my real concerns about the Uskmouth power scheme, which is by far the financially important part of the business. Fridays finance update on the scheme is potentially good news, but the fundamental issues I see with the risk profile on Uskmouth remain unchanged.

Well, you still don’t get a prize. the end of the weekend and we’ve organised a quick pub quiz. Grab your own beer, there are no prizes, and for Pete’s sake, no Googling! Only I get to do that. If you are so inclined, please enter your score in the comments. The highest score still won’t get a prize.

Politicians actually like the thief in the night. You will not unless you own gold.

The most read non-Tom article this week is Embracing uncertainty and the mad gambling world of GVC by Chirs Bailey is at an excellent number one or number seven including Bearcasts and Tom’s new shareshow.

I start this bonus bearcast prompted by your emails and comments while I started to make some Damson Jam with Joshua with a few comments on the wisdom or otherwise of averaging down with reference to Wishbone Gold (WSBN). Then I look at NoGold’s claim (poor fellow having no gold exposure of late) that gold is being driven higher by herd behaviour. Finally, I am told that Messrs Andrew Bell (Red Rock Resources -RRR), Colin Bird (Xtract Resources – XTR, and others), and Harry Adams (Kefi) are only looking like heroes rather than zeros, as has been the case for many years, because gold is going higher. Referencing also Mr Kerim Sener of Ariana Resources (AAU), I discuss this and the nature of investing in mining stocks. 

I refer to Malcolm Stacey’s earlier piece and take him to task, although I discuss the regional housing shifts he mentions in a more charitable light. I look at the new IPSX Exchange and suggest it has a problem. Then I respond to PL’s charge that I support unethical capitalism involving screwing everyone to make maximum profits. I don’t think this and I don’t think it makes any sense but that does not mean that tree-hugging capitalism makes any sense either, except for Sandra Bates and other members of the 1%.

I admit that this has been an awful share tip and I can only apologise again. If it is any consolation, my losses on this are in excess of £30,000. The only way to make some of the losses back is to average down and I suggest you do that if you can at up to 2.4p because with a following wind these shares could easily hit 4.25p.

Kevin Smith is the founder and CIO of asset manager Crescat Capital and warns that there are asset bubbles everywhere. He flags up the enormous credit bubbles that exist in China and Hong Kong. These credit bubbles have resulted in housing bubbles with a very similar signature to the last housing bubble in the United States.

Standard listed Cobra Resources (COBR) is the sort of enterprise that gives Aussie stock promoters a bad name. It has two brokers to pump the stock and do placings as often as possible, the esteemed blue chip houses of Peterhouse and SI Capital. Lots of placings, lots of dilution, but lots of commission, coke and hookers all round.  It also employs THREE firms of the calibre of LSE Share Talk to pump the stock to mug punters. But an RNS release of 17 August surely goes a step too far.

From the FCA’s spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2019 and thus far in 2020 (by net short position %, those in bold not on the list at the start of 2020) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week…

There is an old joke in musical circles in the form of two questions and their answers: what is it we try to learn from the great masters (in composition) and why do we not learn it? The answers are how to get out of a hole, and because the great masters don’t get into one in the first place. And that brings me to Jackson Hole – aptly titled for head of the Federal Reserve, Jerome Powell – where this year’s conference amongst the great and the good of Central Banking is being held virtually this year.

Hello, Share Swappers. This family is thinking of moving house. A big choice must be made whether to wait until we sell our present abode while keeping our shares.  Or to sell some shares to buy our new house, thus being able to afford two dwellings for the time being. It all depends on whether share prices will rise faster than house prices. And I rather think it’s safer to put more into property these days.

Industrial engineering company The 600 Group (SIXH) has updated including of “a £1.2m ($1.6m) new term loan with a 3-year bullet repayment under the Coronavirus Large Business Interruption Loan Scheme through HSBC” and “all sites are operational… the level of order backlog has returned to acceptable levels”. The shares though are little changed at around 8p…

I shall explain which I am selling and which I am buying and exactly why in the bearcast. Enjoy. I also look at the latest Covid data which spells death for Catenae (CTEA) and doom for others and with a hat tip to the great Peter Tatchell to COVID profiteering by Burberry (BRBY). I look at Plutus Powergen (PPG) in detail, and also at share trades that have happened but others that are not happening which explain why Supply@ME Capital is shaping up to be such a scandal and one where the FCA has disgraced itself by its actions and is still disgracing itself by its inactions. I also explain why comrade PL is taking nonsense on ESG spend adding value.