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Latest News

Bearcast
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Tom Winnifrith Bonus Bearcast: WPCT, Proton, EIF, valuations, Neil Woodford's greed and FCA box ticking fail (again)

In this bonus bearcast I look at the failure of the FCA & Link with regard to box ticking and the correct valuation of Proton Partners in light of the latest £25 million fund-raise. This just cannot be right.

OPTI
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Optibiotix – North America deal; this is big, very big...

Optibiotix (OPTI) has announced what could be its biggest supply and manufacturing deal to date and it could be generating revenues within a couple of months. This is big, very big and at 80p offer the shares are a strong buy...

Collapsing-Reactor
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Neil Woodford Income focus – another day, another round of redemptions. What about liquidity?

And so Neil Woodford lives to fight another day with his Income Focus fund (WIFF) – well, at least one! This morning’s figures from Morningstar will offer him no comfort at all, however, as the NAV per unit shrank again and the outflows from redemptions continued. A double whammy.

Clown
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Top Fund manager Paul Jourdan of Amati slates disgraced Neil Woodford

Amid calls from ignorant politicians and former members of the Woodford fan club, for reform of the Unit Trust industry in the wake of the Neil Woodford scandal, Paul Jourdan of Amati has explained in detail the bleeding obvious: Woodford's own actions caused his downfall. As I noted some weeks ago there is no need to reform the industry just send Neil Woodford to jail. Jourdan is not quite as explicit as I am but is scathing. He writes:

PURP
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A Welcome Slice Of Luck and Thoughts On Purplebricks

It is not easy being predominantly short in a market that is yet again flirting with all time highs and so a bit of luck is always welcome...

AAZ
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Anglo Asian Mining has had a great run but I'd be tempted to bank some profit for now

It is always said that you let your winners run, but it has got to the stage with Anglo Asian Mining (AAZ) where I would be very tempted to take some money off the table and cash in if you followed my buy tip back in March...

PNN

If Water Profits Dribble Away this Sassy Supplier has the Blue Planet Effect to Rely On

Hello, Share Finders. The most heated rows in our house aren’t about politics, but how we recycle our stuff. I put anything plastic or metal in our orange recycling bag. My wife takes it out and puts it in the landfill bag. She argues, rather loudly, that the council is picky about what they take and will refuse whole bags with the wrong sort of tin or plastic. I ought to ring up Pennon (PNN) for advice...

MTL
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Metals Exploration: the End is Nigh

I apologise. I was wrong. It’s crunch time for Metals Exploration (MTL), the Philippines goldmine, whose deadline for renegotiation of its bank loans is at the end of this week. The moratorium on the loans has been extended twice and the word in the debt market is that the banks, HSBC and BNP Paribas, have run out of patience. 

VEL

Velocity Composites – interims & dispute re. board re-constitution...

“Velocity Composites plc (VEL), the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, today announces its unaudited interim results for the six months ending 30 April 2019”. Not ‘pleased to announce’ then?...

WPCT
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WPCT Is inside overdraft limit but only just - PR confirms

I asked the question in bearcast - had Woodford Patient Capital Trust (WPCT) burst its overdraft limit? Nigel Somerville thought it had. The PR has got back and it has not. But it is darn close and the answer is actually even more worrying. Let me explain.

RAI

RA International – “year-to-date has been encouraging”… but “financial performance to be weighted in the second half”?

“RA International Group PLC (AIM: RAI), a leading provider of services to remote locations in Africa and the Middle East, is pleased to announce it has been awarded a Government contract with a value up to USD 9 million” and “the year-to-date has been encouraging”. Sounds good…

Bearcast
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Tom Winnifrith Bearcast - questions for the PR spinners for Neil Woodford

In this bearcast I ask a series of questions for PR spinners for Woodford Patient Capital Trust (WPCT). References to 210p should be 227p. Let's see what answers I get. I also look at Optibiotix (OPTI), RM2 (RM2), Mysale (MYSL), Agronomics (ANIC) and have a big question for Neill Ricketts and Versarien (VRS)

MYSL
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MySale – “Strategic Review and Formal Sale Process... with a view to maximising value for its stakeholders”. Uh oh…

Previously writing on MySale Group (MYSL), last month I reviewed previously agreed disposal completes… why the further share price decline? – concluding I thus suggest “trading continues to be very challenging” worrying for the going concern of the group – and I thus bet it “remains focused on reducing its cost base”! Still here, a sell / bargepole. That was at 11p. The shares commenced today at 6.7p – and now “Strategic Review and Formal Sale Process”. With strategic review normally meaning ‘we’re in trouble and currently don’t know what to do about it’, uh oh…

RM2
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Neil Woodford dog RM2 shares collapsing – statement needed ASAP

A week ago shares in “disruptive pallets” Neil Woodford dog RM2 (RM2) were 38p. Today they are off by almost 20% at 28.5p and surely a statement is needed. It cannot be good news. And this is why.

PRV
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I'm poorer for not spotting Porvair...but should I care?

Thin pickings in today's regulatory news statements but comments from the 'specialist filtration and environmental technology group' Porvair (PRV) strike me as newsworthy…

Gold

Video: Gold hits six year high so what next?

The acceptable face of technical analysis, Jordan Roy-Byrne is on a roll with his gold call. In the latest video from Palisade Capital, he discusses the key technical levels, the importance of the close next Friday, Gold's performance against foreign currencies and stocks and potential upside targets in Gold, GDX, and GDXJ. Enjoy.

US-Dollar

Who is correct, the insanely optimistic and unflappable stock market or the terminally glum debt markets?

The job of the US Federal Reserve is not to placate the short-term greed of markets or ensure the incumbent President's electoral prospects. The Stock Market is just a market, it is not the economy and is not what the Fed should be watching...

BKG

And a Nightingale Might Soon Be Singing in Berkeley's Square

Hello Share Rattlers. Despite the fact that I’ve written in recent times in support of housebuilders, I hold few building shares in my portfolio. That’s because of laziness, rather than caution. But one of the few companies I’ve invested in is Berkeley Group (BKG). Many house builders have reported disappointing figures recently, as fears about Brexit, founded or not, have bit into the sector...

Bearcast
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Tom Winnifrith Bearcast - WTF? the Daily Mail says WPCT has no problems..er Proton?

Lucy White of the Daily Mail is either the stupidest bint on Fleet Street or takes dictation from WPCT's PR spinners. I discuss her laughable piece on Proton Partners and the stricken Neil Woodford Patient Capital Trust.

GNK
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A Sunday reminder: when dividends look too good to be true...they probably are

Back in late April https://www.shareprophets.com/views/42311/ideas-update-whitbread-greene-king-ds-smith-breedon  I observed on pubs group Greene King (GNK) that 'another tilt nearer seven quid and I would exit this one'. 

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