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Bearcast
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Tom Winnifrith Bonus Bearcast: Sam Antar needs to give Diversified Gas & Oil a masterclass

My good mate Sam Antar was, in his Crazy Eddie's fraud prime, a master at dealing with press and analyst critics. Diversified Gas & Oil (DGOC) is not a fraud though its accounts stink to high heaven. The way it has dealt with my legitimate and hard hitting cricism has been amateurish. As I am such a nice guy I explain what Sam would have done.

WTG
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Watchstone (Quindell as was), a Canadian legal body blow and the £18 million claim it is hiding

In the dismal annual results for calendar 2018 published on May 9 Watchstone (WTG), Quindell (QPP) as was, claimed to go into great detail on the various legal cases it faces thanks to the activities of its former boss, the King of the Fraudsters, Rob Terry. Except it didn’t. On April 11 it suffered a massive blow in a C$30 million (£18 million claim if faces in Canada from Aviva. This it omits to mention in its finals but luckily I can bring you full court documents and a release from Aviva’s lawyers below….

CPX

CAP-XX – argues “increasing confidence”, but what about that cash burn?

Previously writing on CAP-XX (CPX), in April I reviewed trading update including “has achieved success in securing orders”… so why further share price decline? – the shares down to around 4p. They’re currently again around this level – and we have another “Trading Update”; why at 9:03 am?...

CLIG

Maybe it's Because I'm Not a Londoner that I Like this London investment group

Hello, Share Twisters. It’s a good wheeze, methinks, to keep up reminders of a successful company if it continues to show potential. Even more so when general economic circumstances are in such a shaky state. So allow me to return to an old favourite: City of London Investment Group (CLIG)...

PPI
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Another after hours utter Neil Woodford SHOCKER – Worthless Proton calls him for £25m, so who will pay?

I have flagged up repeatedly that one almighty headache for Neil Woodford is that NEX lobster pot listed joke company Proton Partners International (PPI) has a legally binding right to demand up to £70 million in equity investment from Nei Woodford’s funds. Given that its shares have traded once in the 3 and a half months since its scandalous IPO this is a real nightmare.  At 5PM today we learned Proton has called Woodford for £25 million…questions, questions…

Collapsing-Reactor
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CORRECTION: Neil Woodford – a better day today! (All things are relative, not fired by anyone till late afternoon)

Well, the Income Focus Fund hasn’t been suspended yet and nobody’s sacked him today. Ooops TW Correction, it has just em erged that the mandate to manage the £330 million Omnis Fund has been terminated by Openwork. Woodford is utterly toxic. So, as Nigel was saying, until late this afternoon no-one had sacked Neil Woodford so that counts as a good day....

Bearcast
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Tom Winnifrith Bearcast - Diversified Gas cannot respond - is it the best short on AIM?

I start with a few reflections on D day from my own family history. Then I look at Neil Woodford and what needs to happen.Then at unfolding events at Diversified Gas & Oil (DGOC) which make it, arguably, the most compelling short on AIM. Do folks understand the scale of what is going on here? Then I cover Motif Bio (MTFB), Cabot Energy (CAB)  and finally Blue Jay (JAY) another truly compelling short.

Collapsing-Reactor
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Woodford Income Focus – how long until this is suspended too as the contagion spreads?

The smaller unit trust run by Neil Woodford, the Income Focus Fund (IFF), has had a torrid time ever since it was launched and trades way below the launch price of the accumulation units. But with Neil Woodford now in the headlines for gating his flagship equity income fund and even his staunchest supporter – Hargreaves Lansdown – suggesting that investors consider their position in IFF, much as predicted on this fine website, it seems that redemptions are running at stampede levels. How long can Neil Woodford survive this before he has to gate IFF too?

JOUL
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Joules utters that rare retail profit jewel: 'upper end of analysts' expectations'!

I asked the question back in December 'is Joules (JOUL) a retail jewel?' – and, based on the last six months, and despite everything going on in the general retail space and on the High Street, the answer has to be 'yes'...

Curse_Of_ShareProphets
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How soon will Woodford Investment management go bust?

In short it all depends on the greed of Neil Woodford himself. Let me explain.

DISH
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Big Dish – why is this not slam dunk market abuse? Hung by its own words as placing announced

I like the chap behind Big Dish (DISH) so it pains me to say this but as it announces a placing today can it please not tell me why it has not done an Elon Musk “funding secured” grotesque act of market abuse? Let me explain:

I3E
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Great news for I3 Energy – & I will continue to hold my shares

I3 Energy (I3E) has had a bit of a bumpy ride of late, largely thanks to some untrue rumours which were being spread by certain individuals on social media, but the uncertainty has now been resolved following the latest news from the company...

Dead-Donkey
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BREAKING: Morningstar downgrades Woodford’s Suspended Flagship Equity Income Fund again, to Negative

Can Neil Woodford’s day be worse than yesterday? Well it is only 7.30am and already Morningstar has again downgraded his Equity Income Fund to Negative – its lowest rating. With investors already lobster-potted “to protect investors in the fund” this is yet more bad news for them.

SEE

Seeing Machines – “Senior Leadership Transition”. So orderly then?

“Senior Leadership Transition” announcement from computer vision technology company Seeing Machines (SEE). So orderly then? Announced intra-day at 1:03pm. Hmmm…

GPOR

Will the London Commercial Property Market Hold Up? This FTSE-250 Giant Hopes So

Hello, Share Fans. You may know that I’m a fan of property companies, or at least of their mid-term prospects. But that is mainly for housing, where supply still has problems competing with demand. However, office and shop properties are not sectors that thrill me. Which brings me to Great Portland Estates (GPOR). I wish the company well, but foresee possible headwinds in the office and retail rental game...

Dead-Donkey
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A Dog Day for Neil Woodford - how long before Woodford Investment Management is toast?

If Monday’s events which saw Kent County Council ask for its money back, which forced the suspension of Neil Woodford’s Equity Income Fund was not bad enough, he has just learnt that St James’ Place has sacked him (oops, there goes a £3.5 billion mandate). Oh, and his best mates over at Hargreaves Lansdown have issued a statement about Woodford’s Income Focus Fund….

Bearcast
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Tom Winnifrith Bearcast: Hey dumbfuck clients of Cenkos give me $225m and I'll offer you a 10% yield

In today's bearcast I start with a range of matters relating to Neil Woodford including brokers lifting our research, Purplebricks (PURP), Provident Financial (PFG) and Non-Standard Finance (NSF). And I make Neil a generous offer on Proton Partners (PPI). Then I look at Diversified Gas & Oil (DGOC) and the dumb fuck clients of Cenkos (CNKS). Finally a brief look at Ironveld (IRON) and at the Bluejay (JAY) hound. Postcript: Cynical Bear points out that today's TRI shows Woody is in fact selling Purplebricks in the market as well. Timber!

KYGA
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70 Page Dossier from the Dark Destroyer Matt Earl takes apart Kerry Group

Shadowfall, the company run by bear raider Matt Earl, the "Dark Destroyer" has today published a 70 page dossier on 18 billion euro capitalised Kerry Group (KYGA). It is a pretty devestating analysis. The report can be accessed in full below.

WPCT
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An Open Letter to Susan Searle at WPCT No 2 – Neil Woodford must be fired now to save our company

Susan Searle, the fragrant chairwoman of Woodford Patient Capital Trust (WPCT), where I am a loyal owner of 10 shares, has yet to respond to my polite letter demanding she suspend the shares, fire Neil Woodford and undertake a strategic review. But events now force me to write again in light of Woodford’s incoherent video of earlier.  That suggests WPCT now faces a full blown crisis. The letter follows:

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