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Sell First Derivates at £23
I notice that shares in First Derivatives (FDP) have been on the slide since the sad and untimely death of its CEO and founder Brian Conlon on 28th July. My sympathies go to his family and all his many friends. I see that Tom Winnifrith reckons that shares in First Derivatives represent something of a binary bet; either the whole company is acquired by an entity that buys out the 24% held now by Conlon’s estate, or the shares tank when new management come in and start looking at what First Derivatives really is…
- By Lucian Miers |
- 18 August 2019, 10:12 |
Notes from Underground - We Work so you don't have to
The story that I have been returning to this week is this one, about the US IPO of coworking company, We Work. It is completely bonkers.
- By Darren Atwater |
- 18 August 2019, 08:09 |
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Tom Winnifrith Bearcast: Sajid Javid = unprincipled tosser on house prices & the gating date for Woodford's Income Focus Fund
I start with the case of a banker Andrew Tinney who "acted without integrity" but thinks he has done nothing wrong. Discuss. Then ex banker Sajid Javid who wants to ramp up the housing asset bubble by switching stamp duty from buyer to seller. Why do you think he is oing that? Finally to Neil Woodford's Income Focus Fund and a discussion of why it should be gated now but when it will actually be gated.
- By Tom Winnifrith |
- 17 August 2019, 07:55 |
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Redemption Watch: the bad news is piling up as Woodford funds continue to suffer
The bad news keeps on rolling for Neil Woodford. Yesterday is was OsloBors-listed Thin Film (THIN). The day before it also came from Norway as Idex released results. AIM-listed Verseon has been continuing its collapse but hasn’t ‘fessed up to the market why (er…lack of cash?) and AIM-listed Burford has been biffed and bashed from all angles. It never rains when it pours.
- By Nigel Somerville |
- 17 August 2019, 07:12 |
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An Open Letter to Jonny Allison, Nomad to Burford re Material non disclosure on Napo
Burford (BUR) does not have to prove it is innocent of the Muddy Waters allegations but the longer it opts NOT to give full disclosure the more suspicions will grow. And perhaps the Oxymorons at AIM Regulation or my friends at the FRC, who I have asked to look at the accounts, may force its hand. In that vein I have written to the Nomad, Jonny Allison at Macquarie asking him to force Burford to come clean. I have cc’d in the Oxymorons and the FRC. The letter is below
- By Tom Winnifrith, The Sheriff of AIM |
- 17 August 2019, 07:04 |
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Update – Steve Moore second share tip of the year for 2019
An update on my second tip of the year for 2019…
- By Steve Moore |
- 17 August 2019, 07:04 |
OptiBiotix Health – another SlimBiome agreement, this time Australia and New Zealand…
OptiBiotix Health (OPTI) is pleased to announce an exclusive manufacturing, supply and distribution agreement for its SlimBiome weight management technology in Australia and New Zealand…
- By Tom Winnifrith & Steve Moore |
- 17 August 2019, 06:36 |
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Video: A former Purplebricks employee gives you the hard numbers that show it will fail
I have always believed that Purplebricks (PURP) stiffs both staff and customers and that is why it will eventually ru out of cash so stiffing shareholders too. This video below validates my thesis with a former employee giving hard numbers on that stiffing. Enjoy.
- By Tom Winnifrith, The Sheriff of AIM |
- 17 August 2019, 06:31 |
Table of shorted AIM shares - week to 15/08/2019
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
- By ShareProphets |
- 17 August 2019, 06:21 |
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Update – Steve Moore first share tip of the year for 2019
An update on my first tip of the year for 2019…
- By Steve Moore |
- 17 August 2019, 06:19 |
Here's What You Could Do to Make the Most of the Mini-Crash
Hello, Share Crunchers. In the present weakened market, our instincts are to stop trading. We’re reluctant to sell shares because we strongly suspect that the market will soar a few seconds afterwards. While we avoid buying in case things get worse. But if we don’t trade we lose opportunities of making more money. So what's the answer?...
- By Malcolm Stacey |
- 17 August 2019, 06:17 |
LightwaveRF – discounted fundraising (as warned)… & still how long will it be “sufficient working capital for its present operational requirements”?
Previously writing on self-styled “leading smart homes solutions provider” LightwaveRF (LWRF), in June I noted still there looks clear cash risk and I continue to avoid. Now “Placing and Subscription”…
- By Steve Moore |
- 16 August 2019, 16:27 |
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KEFI Minerals – restructures loan facility to provide greater flexibility as Tulu Kapi progresses
KEFI Minerals (KEFI) “is pleased to announce a restructuring of its working capital convertible loan facility… in order to provide greater flexibility to the company by removing the existing security charges over assets and extending the loan maturity dates”…
- By HotStockRockets |
- 16 August 2019, 16:20 |
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Tom Winnifrith Bearcast: Time to fecking panic? If you hold shite yes! Time to write to Burford's Nomad, AIM Regulation etc
A bit better, only 1 coughing fit in 25 minutes. Thanks for all your best wishes. In today's podcast I discuss the threat of recession and what it means for your portfolio, a grilling for 'Arry of Kefi (KEFI) for you to take part in, all things Burford (BUR) with references to Avanti (AVN) and Quindell (QPP) and why I'm writing to the Nomad and AIM Regulation this weekend and Corero (CNS) which is a true shocker in every respect. We did warn y'all!
- By Tom Winnifrith |
- 16 August 2019, 13:38 |
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Corero Network Security – as suggested with 2018 disappointment having followed 2017 disappointment etc…
Previously writing on Corero Network Security (CNS), in January I noted 2018 disappointment follows 2017 disappointment, and 2019…, finishing I previously concluded, with a long track-record of cash burn and a market cap now of more than £45 million, my stance presently remains avoid / sell. The market cap is still currently slightly higher, but the track-record is unchanged – and so too is my stance. Avoid / sell. The market cap was down towards £25 million at yesterday’s 6.3p share price close – and now “Trading Update”…
- By Steve Moore |
- 16 August 2019, 12:20 |
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Muddy Waters new dossier: ex CIA spooks called in to show Burford (BUR) is, allegedly, misdleading investors
Bear raider Muddy Waters has issued a new dossier on Burford (BUR) which we publish in full below. It is a bit different. It is a report by ex CIA spooks QVerity Inc analysis the response of Burford to the original dossier and it concludes that the response was designed to mislead investors. Enjoy.
- By Tom Winnifrith, The Sheriff of AIM |
- 16 August 2019, 10:52 |
Burford – Muddy Waters was wrong about joke corporate governance……so we’re changing it, and MW’s response
AIM-listed Burford (BUR) has acted apparently with undue haste to the accusation from Muddy Waters, which is short, that Burford’s Corporate Governance is a joke. Of course, Burford dismissed the claims but seems to have acted anyway. No accusation of panic, then…..
- By Nigel Somerville, the Deputy Sheriff of AIM |
- 16 August 2019, 09:49 |
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Redemptions Watch: Woodford Walloped; is Gating WEIF really in investors’ best interests?
Neil Woodford suffered another terrible day yesterday. His Norwegian disrupter of biometric cards, Idex, reported another quarter of monster cashburn and it is clear it will need yet more cash, his Income Focus Fund (WIFF) was hammered in the markets, as was the Equity Income Fund (WEIF) to a lesser extent, Verseon slid further to just 12p bid, Kier (KIE) was slapped down by 11%.....but at least the Patient Capital Trust offered a marginal increase in NAV – although the shares were slapped down in the market anyway...
- By Nigel Somerville |
- 16 August 2019, 09:32 |
Plant Health Care – shares soar on ‘extremely encouraging’ field trial results… but beware, it’s an RNS Reach…
Plant Health Care (PHC) “is pleased to provide” an update on field trials of its PREtec peptide PHC279 for the control of Asian Soybean Rust in Brazil – and the shares have responded currently more than 50% higher, towards 9p…
- By Steve Moore |
- 16 August 2019, 09:26 |
Bad news for Neil Woodfjord as Norwegian Idex reports for Q2
I said early yesterday morning that there was an awful lot of bad news still in the pipeline for Neil Woodford. And then his revolutionary cards outfit Idex of the Oslobors precinct reported. Needless to say the results are pretty awful and the tin will be rattling again very soon...
- By Nigel Somerville |
- 16 August 2019, 09:21 |