The IPO of Rutherford International (RUTH), formerly Proton Partners, only happened because Neil Woodford was prepared to commit £100 million of other folks cash to it on a ludicrous valuation. That move increased the management fees he banked materially but will cost his investors a packet as I explained, again, in bearcast earlier. But now Rutherford is utterly fecked by Woodford's firing by EIF and needs to issue an RNS asap.

How I remember being singled out by name by Neil Woodford at the Woodford Patient Capital Trust (WPCT) AGM as a purveyor of fake news on May 16 this year. Neil was adamant: he was doing brilliantly I was making thisngs up. Today he was fired by his flagship fund and his City career is in its final weeks and will end in disgrace. Investors who ignored four years of warnings on this site will have lost billions. I reflect on all of this, where it leaves various parties including Neil's other vehicles, disgraced Hargreaves Landsdowne (HL.) and other disgraced promoters.  I also comment on another vindication, the mercy takeover of Brady (BRY) at just 10p after I forced it to fess up to its finacial woes, with the shares at 26p just three weeks ago.

Neil Woodford, Britain's best known fund manager, has today been fired by his flagship Equity Income Fund which is to be wound down. Some in the corrupt deadwood press, like the Mail on Sunday, were still praising Woodford up to the date before EIF was gated in June. Others have turned bearish over the past few months having previously drunk the cool aid. But we first warned about Woodfoird in 2015 and 1000 articles and podcasts later, we were clearlty first and our journalism has been utterly vindicated as you can see HERE. Site Editor Tom Winnifrith gave a keynote address at UK Investor 2018, in April of that year, predicting exactly what would happen and highlighting numerous red flags. You can see that video below

In one of his shareholder letters, Warren Buffett talks about how instead of spending countless hours at his desk musing about investment opportunities, the results he had generated would have suggested much of his time would have been better spent sneaking off to the cinema. In a strange way, I kind of felt the same way recently as the Brexit talks rumbled on, the Pound went up and market rotation occurred...whilst I was sitting in a meeting room doing some broader civic duty whilst the net value of my pension fund powered forward…

Neil Woodford has been fired from his flagship Equity Income Fund today, vindicating our more than 1000 articles and podcasts exposing him since 2015,  but his problems do not end there. I recently commissioned a resting fund manager to produce a detailed bottom up analysis of Neil Woodford’s Patient Capital Trust (WPCT). That report  from a man known as “The Badger” landed with me last night and is shocking in its conclusion: the Trust is essentially worthless. The Badger writes:

Yourgene Health (YGEN) states it “provides a positive trading update for the six months to 30 September 2019” – and the shares have currently nudged higher towards 12p, to capitalise the company at circa £70 million…

Link, the ACD, to Neil Woodford’s flagship Equity Income Fund has, after liaising with the FCA, announced that the fund will not be un-gated, allowing investors to redeem units in December, but will instead be wound down. And Neil Woodford’s Woodford Investment Management has been fired with immediate effect. That is the death knell for it. Our extensive warnings, in more than 1000 podcasts and articles since 2015, HERE are now utterly vindicated, Neil is finished.

Hello, Share Bundlers. Looking at the chart for Lloyds Group (LLOY) is enough to give anyone the heebie jeebies. Mid-August the shares fell to 48p. Only a month later they were 55p. So up by 14%, which is an unusually big jump for a Footsie company. Less than three weeks later they were back down to 50p. And then at the end of last week, they were back to nearly 60p. Or approaching 20% better than on the ninth of this month. My Lloyds holding is one of the biggest in my book, so this up and down performance is pretty stressful. But why is Lloyds so volatile lately?...

There are two guests in this week's show, First up I discuss the clown who runs Sirius Minerals (SXX). Then I welcome Chris Bailey. We discuss where value lies in the market and has the mood music changed, SIG (SHI),  Metro Bank (MTRO), Funding Circle (FCH), the crazy share price of Diageo (DGE) and much more. Then my second guest is the legendary bear raider Gabriel Grego of Globo and Folli Follie Fame. We discuss his latest triumph Bio-On and much more. If you like this and can't wait seven days for more of the same  and are tired of being a cheapskate you should listen to my Bearcast every day.

Previously writing on industrial chains and related power transmission products company Renold (RNO), in August I concluded with the shares at 23.5p awaiting clear financial delivery of ‘refocused efforts on operational improvement’, I currently continue to avoid. Today a “Trading Update”…

Neil Woodford, the largest shareholder in AIM-listed, but suspended pending interim accounts and one assumes by now financial clarification, Eddie Stobart Logistics (ESL) must be sweating as he wonders what his near-23% stake will be worth. Interims to 31^st May 2019 are still pending, now a month and a half late and two interested bidders have emerged in the form of DBAY Advisers and Andrew Tinkler, the former CEO (before he was ousted) of Stobart Group (STOB).

Marketing services group whose last results statement included “our pioneering application of Behavioural Science to predicting which ads will create the greatest long-term growth and profitability”, System1 (SYS1) has updated including “normalised H1 pre-tax profits… are expected to be some £2.4m, approximately 24% higher than in the comparable period”. Sounds good…

The Vox/Align bust up is funny but the spooof newspaper articles Gary Newman alerts us to below about Premier African (PREM) are hilarious. But some folks believe them and the shares up up 71%. Bonkers. Elsewhere I look at fund outflow at Miton Group (MGR) and what that all means and at the most overvalued ramps on AIM: Versarien (VRS) and Bidstack (BIDS) where Cynical Bear thinks there is no need for it to warn that it will miss broker forecasts by a mile even though he accepts it will. Strange man.

I have already written to AIM Regulation and the FCA about Bidstack PLC (BIDS) about the way its CEO James Draper materially misled investors in a podcast with Justin the Clown on August 8 2019 with regard to half calendar year results.  I trust that action will be taken. But I now have cause to write again on the matter of the full year lack of profits warning the company should be issuing and is not. The letter follows.

This is insanity writ large. Richard Poulden of PCG Entertainment (PCGE) will always be my friend but I simply cannot defend a statement today which is, at almost every, level bonkers.

Did you see on Friday that St James's Place (STJ) shares re-attained the 10 quid level? Well I guess it was a good day for lots of different UK domestic shares, even for those with ongoing cultural issues such as the large UK wealth manager which I have written on negatively in the past. So is the crisis over?...

Every cycle begins and ends in excess...

I asked you a week ago to nominate your Bulletin Board Moron of the week from the iii, LSE and ADVFN Asylums or from twitter. There were some great entries which, in a normal week, would have won, as you can see HERE.  But..

Hello, Share Scribblers. While not generally a fan of utilities, I do keep a long-time holding of United Utilities (UU.), which manages water and sewage in the North West of England. A recent trading statement shows the company is holding up well...

Juicin can thank me later, but I am inspired by the most insane post I have seen in ages to bring back this contest for one week only. Surely no-one can beat the post below from the ADVFN Bidstack (BIDS) thread. If you find a better example of lunacy on twitter on on the iii, LSE or ADVFN Asylums post it in the comments section below before midnight on Sunday 13 October. Enjoy this treat...