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VRS
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BOMBSHELL: Versarien is its US oil graphene order a total spoof? A hard look at the maths – what it won’t tell you

Yesterday, shares in Versarien (VRS) raced ahead by 10% as it announced an order with an (un-named, natch) US oil and has explorer for 12 kg of its high purity graphene nano platelets (GNP-HP) integrated into a polymer masterbatch by Neill Rickett’s great British Company. But the RNS did not spell out the value. And doing his, almost, weekly ramp on Justin the Clown’s promotional limp dick podcast he again refused to say. So here is some hard maths: I suggest this order may be a spoof.

OPP
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AIM fraud Origo Partners – hero John Chapman puts the boot in to ex board, crooked advisors, ex Nomad in excruciating detail

Fraud Origo Partners (OPP) is one of the few remaining stocks of our AIM-China Filthy Forty. One might wonder if there is hope given that it is still here but Chairman John Chapman has offered up its FY18 accounts which are truly dreadful (again) and his chairman’s letter is pretty explicit as to why. In short, Origo shows everything that is wrong with AIM: the transfer of wealth from the many (shareholders) to the few. Read it and weep Marcus Stuttard, the head of AIM and Sham Sheriff – this is your system.

STAF

Table of shorted AIM shares - week to 28/06/2019

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...

Collapsing-Reactor
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Redemption Watch: Neil Woodford’s Income Focus Fund – a first!

It looks as though we have a first for Neil Woodford’s Income Focus Fund, for yesterday it appears that for the first time this month the fund actually grew in size. Not by much, you understand, but according to Morningstar the NAV per unit went up by 0.65% and redemptions were at last lower than that. So on the last trading day in June, the Income Focus fund grew for the first time in a month. Pop out the champagne!

Fake_News

Boris says 'Do or Die.' But with No Deal Here Are Four Sectors where Shares Might Stumble.

TW Health warning. This is fake news from Project Fear. Over to our resident Euro loon Malcolm who writes: Hello, Share Squeezers. At present, the Footsie has not been bashed in by Brexit fears. However, while most of the world has seen a big surge in share values, the UK has not. And if we get a no deal Brexit, as Boris could precipitate, shares in certain sectors could be hit. So if you think that a disorderly exit will happen, you might want to consider swapping out of these sectors first. Here they are. 

WPCT
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Neil Woodford’s Patient Capital updates….Oh Dear, this is bad news for everyone!

Reading between the lines of today’s missive from fully-listed Woodford Patient Capital Trust (WPCT), it looks as though a flock of chickens is coming in for the evening at Woodford Towers. They may be there for some time as the implications from today’s WPCT RNS is that it’s portfolio of cash-guzzling dogs is about to be hammered, despite the squirmings of the WPCT board.

Bearcast
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Tom Winnifrith Bearcast: Brokerman Dan joins me to discuss UK Oil & Gas and the Weald Basin disaster

In the first half of this podcast as I look at UK Oil & Gas (UKOG), Angus Energy (ANGS), Brockham, Horse Hill and the Weald Basin ramp I am joined by comrade Brokerman Dan. Then, alone, I look at Woodford Patient Captal Trust (WPCT) including the key missing info in today's bullshit RNS, Costain (COST), Versarien (VRS) and Mirriad (MIRI).

ANGS
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Shock ‘em at Brockham – disaster for Angus Energy, Catastrophe for UK Oil & Gas, The Weald basin promote died today

Oh dear, oh dear, oh dear.  This is a bleak day indeed for the Weald basin, Horse Hill, and all the fools who believed Lyin’ Steve Sanderson and shameless ramper Big Dave Lenigas. The dismal results first thing, from UK Oil & Gas (UKOG) were enough to justify ouzo on my cornflakes at Sheriff of AIM towers but mid morning saw news from Angus Energy (ANGS) and its Brockham site which is disastrous for those who disseds me and believed Lyin’ Steve and Dave. It is the death knell of the shameless and morally repellent, Wield basin (bigger than Saudi Arabia) promote.

SAVP
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Which happens first Brexit or Savanah Petroleum closing the Seven Energy deal?

Savanah Petroleum (SAVP) has today updated us on the Seven Energy deal and with the can is being kicked down the road once again. This substantial deal was reviewed by Gary Newman back in Jan 2018 when the deal was announced highlighting the scale and potential to transform Savanah, and again after the very positive first drilling results from the Niger exploration assets were revealed.

CRW
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Craneware – “short-term” sales performance issue & “continue to look to the future with high levels of confidence”. Really?

Craneware (CRW) has updated commencing that “the group has continued to make progress on its long-term strategic aim to become ubiquitous in US Hospitals, as the intelligence layer sitting across all other systems, delivering the information required to improve financial and operational performance” and including CEO Keith Neilson stating that “as we close our financial year, we continue to look to the future with high levels of confidence”. The shares are currently around 2000p (currently equating to circa $25.35) – Er… down more than 30%!...

UJO
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Union Jack Oil & Chris Oil, share trades and placing – questions that need answering

I suggested that Union Jack Oil (UJO) was planning a placing in yesterday’s bearcast. And lo and behold the Sheriff of AIM is right again, £2.25 million has been raised at 0.17p.  But this raises big questions about the share trading activities of Mr Chris “Uranium” Oil, a man who has featured on this website often enough.

UKOG
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UK Oil & Gas – The end of the dream?

Having written on UK Oil &Gas (UKOG) progress at Horse Hill earlier this week, and questioned what the Kimmeridge and Portland oil pools really offered as assets to investors, today we get the half year update. I was hoping for some clarity to be provided on the issues I raised, and interestingly further and better information is there but, as is all too often the case with this company, you have to read the RNS carefully.

BUR
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A senior accountant looks at Burford Capital

With the added bonus that kiss of death. disgraced fund manager Neil Woodford is a major shareholder, the bears are certainly sniffing around litigation funding giant Burford Capital (BUR). Our own Nigel Somerville expressed his concerns here. One bear (Paddington) has asked if this is the new Quindell (QPP) in terms of revenue recognition. So I asked a former partner of a big 4 accountants to review the 2018 accounts. He notes:

OPTI
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Optibiotix new financial advisor/broker – no it's not placing ahoy

I have known that this move was in the offing for a couple of months. Quite simply the official broker to Optibiotix (OPTI), that is to say finnCap, is useless. But an AIM company needs a retained broker so it stays in place. However it is not publishing research nor is it putting forecasts into the market nor is it getting secondary buying of the stock by institutional investors. Finncap is FinnCrap...

Collapsing-Reactor
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Photo Article: His customers may not have any yachts any more but Neil Woodford's has been spotted

Surely the yacht below must belong to Neil Woodford?

Gold

Podcast: We are in a Gold Bull Market that may well last 20 Years

As the only technical analyst with any credibility at all, we listen to Jordan Roy-Byrne. Jordan is not sure how long thislatest bull move in gold will last, but it could be a big one that lasts at least the next six months to a year. 

Collapsing-Reactor

Redemption Watch: Neil Woodford’s Income Focus fund – down and down

Yesterday I reported that Neil Woodford had had a (relatively) good day with his Income Focus Fund (WIFF) in that the NAV per unit had risen – even if redemptions had almost cancelled out the rise – leaving the fund with £298 million of assets. This morning’s news from Morningstar shows NAV per unit dropped gain yesterday and redemptions continued. It’s down and down.

TLW

Tullow Set to Recover in the Wake of Oil Price Rally

Hello Share Peepers. Having dumped most of my smaller oil companies to concentrate on giants like Shell (RDSB) and BP (BP.), I still find myself with the second-tier oiler Tullow Oil (TLW). About ten years ago I was nursing huge paper profits on this one. But there has been a gradual erosion, so now I’m back to par...

VRS
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The Sheriff of AIM gets yet another scalp – Patrick Abbott & Versarien: GOTCHA!

The demented Bulletin Board and twitter followers of Versarien (VRS) boss Neill Rickets claimed the court documents I published HERE covering two fraud charges were false. Or that I had the wrong Patrick Abbott. Or that I was just making it all up to please my masters in the global shorting conspiracy.As ever the morons were wrong. Versarien has finally bowed to our pressure and let Abbott, who was only appointed a few months ago, go as head of its US operations.

TND

Tandem Group – “continued to be an encouraging year”… or not?

Sports, leisure and mobility products group Tandem (TND) has updated commencing “we are pleased to announce that it has continued to be an encouraging year for the group with revenue for the 25 week period to 23 June approximately 26% ahead of the same period in the previous year” and concluding including “we can look forward to the rest of the year with some confidence”. So why are the shares lower?…

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