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Tom Winnifrith Bearcast: At this rate Gervais Williams will be gated by Easter
In today's podcast I look at the terrible and mounting woes of "star fund manager" Gervais Williams, at Versarien's (VRS) cash woes disguised in today's RNS by breaking AIM Rule 10, at NMC Health (NMC), Finablr (FIN), Bidstack (BIDS), Uk Oil & Gas (UKOG), and Bahamas Petroleum (BPC)
- By Tom Winnifrith |
- 10 February 2020, 15:05 |
Xpediator – “pleased to confirm… 2019 is expected to be in line with market expectations”… Really?
“Xpediator (AIM: XPD), a leading provider of freight management services across the UK and Central and Eastern Europe is pleased to confirm that trading for the year ended 31 December 2019 is expected to be in line with market expectations”. The shares have responded higher to around 29p… but earlier in the year were comfortably above 50p! Hmmm…
- By Steve Moore |
- 10 February 2020, 14:36 |
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BREAKING: Panic stations for Gervais Williams, Miton Small cap deluged by redemptions in January
No wonder Premier Miton has been so tardy in updating the market. It has emerged today that the Gervais Williams Smaller Companies Fund was deluged with redemptions in January on a scale which must beg the question of whether it will, Neil Woodford style, need to be gated.
- By Tom Winnifrith |
- 10 February 2020, 12:11 |
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UP Global Sourcing – set for profitability in line with market expectations… or not?
A “Trading Update and Notice of Results” from “value-focused consumer goods” company UP Global Sourcing (UPGS). Particularly pertinent as “the majority of the group's manufacturing is based in China”…
- By Steve Moore |
- 10 February 2020, 11:40 |
The Bulletin Board Moron of the week is natch a Versarien shareholder
I asked you to nominate the moron making the most moronic comments on twitter or the LSE, ADVFN and iii asylums last week and there were many fine entries as you can see HERE. But the winner is clear and was spotted by me so I win the non prize. From the ADVFN Asylum, Versarien thread
- By Tom Winnifrith |
- 10 February 2020, 11:40 |
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NMC Health and Finablr – has Dr Shetty been a very naughty boy?
NMC Health (NMC) has announced highly preliminary approaches from Kohlberg Kravis Roberts (KKR) and GK Investment Holding (GKI) regarding possible offers for the company. But in tandem, a second RNS from NMC suggests that Dr Shetty’s holdings and others’ may not be all they appeared to be. This was accompanied by an RNS from Finablr (FIN) suggesting similar shenanigans may be on the cards regarding the same people. Both companies are trying to get to the bottom of it, but from my perspective it all stinks and I would not be hanging around to find out what the true position actually is with either.
- By Nigel Somerville |
- 10 February 2020, 11:20 |
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Letter to AIM Regulation: Versarien Breaches of Rules 10 & 11 & sanction of Bobbie Hilliam
Versarien (VRS) has today issued an RNS which suggests that its Nomad, Bobbie Hilliam at Canaccord, has allowed it to drive a coach and horses through AIM Rules 10 and 11. I have written to the Oxymorons at AIM Regulation asking that Versarien and Hilliam be sanctioned and that it force the company to issue a clarifying RNS.
- By Tom Winnifrith, The Sheriff of AIM |
- 10 February 2020, 09:02 |
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Muddy Waters lashes Burford claiming second half results & big US legal setback validate its thesis
My pal Carson Block of Muddy Waters has savaged Burford (BUR) this moring with a savage report on recent results. His golden prose is below.
- By Tom Winnifrith, The Sheriff of AIM |
- 10 February 2020, 08:22 |
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Versarien says it comes clean but it does not! A scandalous RNS that stinks to high heaven
Jeepers I know that Bobbie Hilliam signed off on most of the fraudulent releases made by Quindell (QPP) but how on earth has he signed off from today’s cobblers from Versarien (VRS) which may impress the morons but should set alarm bells ringing. The issue is cash.
- By Tom Winnifrith, The Sheriff of AIM |
- 10 February 2020, 08:21 |
The Admirable Creightons Jumped 12% on Friday But there Could Still be More to Come
Hello, Share Seekers. It’s not that often Tom and I have the same tips. He’s mostly a value investor who goes on fundamentals and balance sheets. Whereas I fix my sights on the future and dabble in pop psychology and the herd instinct. But we both picked Creightons (CRL), the maker of cosmetic and household fripperies. We were rewarded with big hikes in the share price last year...
- By Malcolm Stacey |
- 10 February 2020, 08:20 |
Bulletin Board Moron of the Week Contest – can you trump this one from Versarien owning moron mavfav
Okay, I want to make Juicin happy so let us have another Bulletin Board Moron of the week contest. The deadline is midnight on Sunday 9th February and all you have to do is find another comment from twitter or the ADFVN, iii or LSE Asylums which is more moronic than this one from mavfav on the ADVFN asylum, Versarien (VRS) thread. Entries in the comments section below
- By Tom Winnifrith |
- 9 February 2020, 18:31 |
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Versarien: now about that tyred old deal? Boom Boom Geddit?
When forced to fess up on 21 January 2020 that its, much RNS vaunted, US hub was in fact a serviced office with no staff, cash strapped Versarien (VRS) tried to sugar coat the pill by referring to discussions with a leading US tyre manufacturer. That rang a bell. For whom the bell tolls, etc, etc.
- By Tom Winnifrith, The Sheriff of AIM |
- 9 February 2020, 18:28 |
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Ariana – an exciting week ahead as interest (and the share price) mounts
This week promises to be an exciting one for shareholders in Turkish gold-miner, AIM listed Ariana Resources (AAU). Quite apart from Q4 results from the Kiziltepe joint venture which are due shortly (though perhaps not this week) and news from the satellite gold deposits near Kiziltepe as well as further news from Salinbas to the east, all of which could drop at any time, there is the small matter of the proposed part-sale of the Salinbas and Kiziltepe projects and the announced deadline of the end of February to get shareholder approvals……if a final deal is struck. And I believe that means news this coming week.
- By Nigel Somerville |
- 9 February 2020, 17:02 |
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Brand Architekts has a decent cash pile to grow the business via acquisitions - buy!
With commodities being hit hard by concerns over coronavirus, and further weakness likely as deliveries of metals and hydrocarbons are starting to be put on hold by China, I’ve been looking towards opportunities in other sectors.
- By Gary Newman |
- 9 February 2020, 13:21 |
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Tom Winnifrith Bearcast: the nature of fraud, the answer to fraud and Neil Woodford's latest woes
I write by a candle. I have no power here in Wales and am using my mobile to access the internet and it is dying. So I must be brief, it is Neil Woodford and fraud on the agenda today.
- By Tom Winnifrith |
- 9 February 2020, 12:26 |
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WH Smith highlights Intu's realistic lack of options
Another Sunday, another set of Intu Properties (INTU) stories. I last wrote about the stock just under a month ago concluding then that 'suffice to say the stock remains a massive avoid.
- By Chris Bailey of Financial Orbit |
- 9 February 2020, 11:22 |
Sunday Long Reads: Family Heist, Magic FM, New Diamonds, Mamnoth Pirates, Ransomware
Is there anything better than sitting back and reading a well-written article on a lazy Sunday? Every week ShareProphets features some long form journalism that you'll find of interest. Grab your cuppa and enjoy these five articles.
- By Darren Atwater |
- 9 February 2020, 10:25 |
The ShareProphets Sunday Pub Quiz #23
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.
- By Darren Atwater |
- 9 February 2020, 10:24 |
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Sell Iconic Labs – former David Sefton outfit sorts death spiral problem.…..with a death spiral! And someone can’t add up
Tom Winnifrith has already taken his sup from the ouzo bottle with regard to seeing David Sefton “resigned” from Iconic Labs (ICON) and called it insolvent. In a statement at 4.08pm on Friday – no-one-is-watching o’clock – which was littered with Red Flags, we were told that the company’s business is now generating revenues and starting to achieve real growth but it plans a capital restructuring and has agreed a new death spiral as it is not currently possible to raise conventional capital. So that’s alright then! And courtesy of ShareProphets Nomad Services I forecast a correction first thing tomorrow for it seems someone did rather too well at lunchtime on Friday.
- By Nigel Somerville |
- 9 February 2020, 10:24 |
Notes from Underground - Most read articles from the past week for Sunday 9 February
Excluding ShareProphets radio 23, the most read non-Tom article this week is Hurricane Energy – More bad news by the new boy, Peter Brailey.He's on at a respectable #4 or #12 if you include Bearcasts.
- By Darren Atwater |
- 9 February 2020, 10:24 |