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EZJ
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Bombshell letter in full: Sir Stelios wants to sack EasyJet NEDS demands to know if executives took bribes from Airbus

The founder of EasyJet (EZJ) has written to the board demanding it scrap £4.5 billion of planned Airbus orders, asking if any executives took bribes from Airbus and demanding wholesale boardroom change. The letter is dynamite and I reproduce it in full below:

TRX

Tissue Regenix – I having questioned what about the balance sheet of this Woodford pick?...

‘Regenerative medicine’ medical devices company Tissue Regenix (TRX) has updated including that currently “the San Antonio facility remains fully operational” and the company “has not experienced any material reduction in net revenues versus expectations”. However, the shares have currently responded to below 0.40p, circa 35% lower…

I3E
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BREAKING: I3 Energy has acquired assets which make a massive operating loss - this is insanity

As usual the bulletin boards seem to be flooded with people saying what a great deal I3 Energy (I3E) has just secured, having announced today that it had acquired Toscana Energy Income Corporation (TEIC).

RTN
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False market in Restaurant Group as it drives coach and horses through market rules – closes Chiquito, sacks 1500

As I write shares in Restaurant Group (RTN) have plunged by 18%. There is a false market here. Some folks know the reason, others do not as boss Andy Hornby has told regulators to feck themselves by NOT issuing a statement about price sensitive information. What a complete banker.

FIN
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Finablr – E&Y resigns as auditors following inadequate board changes, but Dr Shetty remains in post and seems to be in control!

It was announced this morning that Ernst & Young resigned as auditor to fully listed (but suspended) Finablr (FIN), citing concerns arising out of recent events atht e Company and NMC Health plc [NMC]…..the Board of the Company, the adequacy of corporate governance concerns and the recent issues that have caused the Company to commission an independent review of the Company’s financial arrangements, including of related party transactions and on- and off-balance sheet debt”. Quite a list! It’s a shame that Ernst & Young (EY) has shut the stable door so long after the horse has bolted!

BIDS
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Bidstack: Covid 19 trading statement bluster less than 5 weeks from bankruptcy

The only metric you need to know about Bidstack (BIDS)  is how much cash it has left. Based on the likely run rate at the year end, on the fact that it has not laid off staff but has hired it is almost certain that by the end of April the number will be nothing at all and that, barring a bailout placing, it will be crash landing in Tits Up Alley. A trading statement today more or less confirmed that in what it did NOT say. Naturally CEO Lyin’ James Draper tries to spoof gullible investors.

GDP
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Goldplat – notes “its operations will be temporarily curtailed”… but the gold price set to rocket...

An “Operational Update in relation to Covid-19” from Goldplat (GDP) includes that “its operations will be temporarily curtailed due to restrictions imposed by various Governments to combat the global Covid-19 outbreak”

JMAT
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Clean Air warning by Johnson Matthey...but I doubt even Greta is happy

If you ask me to name five 'quality' longer-term FTSE-100 constituents, then I would probably include Johnson Matthey (JMAT) on that list. Naturally though, its corporate longevity and range of typically high barrier to entry businesses (recycling and refining of precious metals, clean air and car emissions regulation focused, plus batteries and value-adding fine chemicals) has not stopped it avoiding the recent plunge. Today's update (thanks to the FCA for allowing this – you know my thoughts on the postponement / suppression of reporting) includes a profit warning, but that is par for the course, although with a bunch of cost suppression comments…

Isolation

View From Reader's Windows & Desks: Isolation Edition. No 3 Duncan in Cardiff

We're inviting you to send pictures in of what you see out of your window and/or of your new workspace. Just email them to editorial@shareProphets.com . Today we're looking at the view of Duncan in Cardiff...

RMG

We Can All Look Forward to Rising Share Prices Once the Virus Peaks... but Here's Another Share that Could Rise Faster than Others

Hello, Share Thinkers. I’m indebted to the reader who added a few useful suggestions to my weekend piece on the 22 benefits of self-isolation. Both for his ideas and the comforting general view he added which went something like: ‘Once it’s over, we can all look forward to 10 years of rising share prices’. That’s what happened after the 2008 bank crash. Meanwhile here’s another share in my current series that could benefit from the crisis...

Bearcast
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Tom Winnifrith Bearcast: it is all about the cash & JD Wetherspoon needs a 7 AM RNS

Maybe I admire Tim Martin of JD Wetherspoon (JDW) a bit less but I understand what he is up to. Across the land not everyone is rallying around praising the NHS and saying "we are all in it together." Businesses are desperate to hoard cash and are forced to behave in ways that are not always very pleasant. I do not think some folks realise just how bad the Government's reaction to Covid 19 rather than the virus itself will be for the economy, for businesses and for its own finances. Mr Martin needs to draft an RNS for 7 AM to say whether he has been misleading beer suppliers or misleading investors.

Newsboy
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With the extraordinary start to the year, further tips updates...

With the extraordinary start to the year, a lot can change in a matter of weeks – and, having updated early this month on my tips of the year, now a further update…

WTB
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A good company steps up right now

Let's face it, nobody really knows but you do not need to be an investing genius to know that Sunday newspaper headlines about the lockdown persisting until June is not good news if you are an investor or an entrepreneur.  Yes, you can push out a bunch of mitigation tactics and - yes - governments and central banks are stepping up, but the longer this period of time goes on for, the harder it gets for everyone. 

OCT

Octagonal – why are there so many different audit firms involved?

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.  

Quiz

The ShareProphets Sunday Pub Quiz #30

This has nothing to do with shares or investing or anything. It's 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.

Professor

Sunday Long Reads: Massacre in the Amazon, The Unlisted, Not Capitalism, Hiking Con Man, Art's Mini-Madoff

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?

Isolation

View From Reader's Windows & Desks: Isolation Edition. No 2 Tom window in Wales (by 30 yards)

We're inviting you to send pictures in of what you see out of your window and/or of your new workspace. Just email them to editorial@shareProphets.com Today we're looking at the Welsh hovel of Tom.

Top-10

Notes from Underground - Most read articles for the week ending 29 March 2020

Excluding ShareProphets Radio 27, the most read non-Tom article this week is Rockrose Energy – A week is a long time by Peter Brailey, at number five or number 14 including Bearcasts.

Bearcast
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Tom Winnifrith Bearcast: is Big Sofa fecked and why - after 4 years of losses - Virgin really should be

Two house keeping matters. First please send Darren pictures of the view from your window & your work space during the lockdown to provide a daily distraction. Darren has kicked off the series with a snowy scene from his Canadian bolt-hole HERE.  Second please do offer nominations for the rogue AIM & Standard List directors. If you are afraid of libel just nominate a name & company and Nigel and I will do the rest in a song & dance presentation on May 8. Details and nominations are HERE. In today's Bearcast I look at the demise or otherwise of Carluccio's, Virgin Airlines and Big Sofa (BST) and perhaps of the AIM casino itself. 

PFD
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Despite its high level of debt Premier Foods is a buy

Picking shares that are worth buying at the moment is a real minefield as the situation with Covid-19 is changing all the time. It would be very easy just to sit here and say ‘sell everything’ and you could probably stick a pin in a list of stocks at the moment to pick a sell recommendation, and the chances are that it would go down, at least in the near time!

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That Was the Week that Was

 

AAU

Ariana – Surprise!

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

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