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Tom Winnifrith Bearcast: helping the FCA with its enquiries
I am always happy to assist my good friends round at the FCA and start with this and Julie "Lingerie on Expenses" Meyer. I move on to Neil Woodford and Kier (KIE), then Yourgene (YGEN) and a long chat with Adam Reynolds, Bluejay Mining (JAY), Argo Blockchain (ARB) and Eqtec (EQT).
- By Tom Winnifrith |
- 3 June 2019, 17:53 |
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Purplebricks: Dumb Hun-ny – "resigned" founder Bruce sells all his shares to Axel Springer
Michael Bruce founded Purplebricks (PURP) and was its boss until he “was resigned” after the most recent lack of profits warning. Having sold £25 million worth of shares at 360p to Germany’s Axel Springer last March (when the Krauts also spunked £100 million on new shares at the same price), he is not short of a bob or two but today he dumped his remaining 46 million shares on Springer at £1 a pop.
- By Tom Winnifrith |
- 3 June 2019, 16:59 |
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Should savers keep faith with Neil Woodford, asks his ardent fan Ruth Sunderland of the piss poor Daily Mail
Oh the pain and suffering I have to endure for you, dear reader! I have just read Ruth Sunderland's article in the Daily Mail asking whether we should keep faith with Neil Woodford so you don't have to. Of course, there is nothing new to ShareProphets readers - you heard it all before, months ago. The answer, obviously, is no. But there is more to it than that.
- By Nigel Somerville |
- 3 June 2019, 15:49 |
Carclo – “Change of results announcement date”. Rarely good news…
Previously writing on Carclo (CAR), in April I retained caution on the back of a “Year-End Trading Update”. Now a “Change of results announcement date” announcement. Rarely good news…
- By Steve Moore |
- 3 June 2019, 14:47 |
Monday Caption Contest: Neil Woodford spunks £50m of other folks cash in a day thanks to Kier disaster edition
Today's monumental disaster for embattled fund manager Neil Woodford is Kier (KIE) as Nigel Somerville outlines HERE. But how did Nomates react when he heard the news? We have a photo below and your mission, to win a signed photo of Julie "Lingerie on Expenses" filling out her tax return, is to supply a suitable caption in the comments section below. The deadline is midnight tonight, do your worst.
- By Tom Winnifrith |
- 3 June 2019, 14:08 |
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Scapa Group – “Notice of Termination of Material Contract”. Uh oh…
A “Notice of Termination of Material Contract” announcement from Scapa Group (SCPA). Uh oh…
- By Steve Moore |
- 3 June 2019, 12:42 |
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Neil Woodford blows another £50 million of other people’s money as profit warning from falling knife Kier triggers 40% collapse
Oh dear, oh dear, oh dear. I can’t help it: I told you so. Shares in fully-listed Kier Group (KIE) have dropped by 40% (last seen) this morning, after a big profit warning, to just 165p. Neil Woodford – who knows best – had been hoovering up stock all the way down since the calamitous rights issue last December at 409p – itself a huge discount to the price Woodford was paying when he first bought in. It is yet another in a long stream of terrible calls by the great man, but I wonder if it will prove to be the last. But heck, the £50 million up in smoke on this call alone today is only other people's money.
- By Nigel Somerville |
- 3 June 2019, 11:17 |
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FTSE reshuffle – are you a mean reversion or a momentum investor?
Index reshuffles in the UK are typically a quarterly thing and the one due to be definitively announced later this week seems to be bad news for a stock I have recently written about (and currently own): easyJet (EZJ)…
- By Chris Bailey |
- 3 June 2019, 10:40 |
Most of the real wealth will still be there...
Most of the real wealth will still be there. It's just going to change ownership, to those that were positioned correctly...
- By David Scott |
- 3 June 2019, 10:34 |
Are You Game for a Video Game Developer with A-Listers on its Starry Client List?
Hello, Share Forkers. As someone who lost a packet yonks ago by investing in video game makers, I have been wary ever since. My family also took a pounding in that dark previous period when a prominent video retailer got into trouble. But you cannot let old prejudices get in the way...
- By Malcolm Stacey |
- 3 June 2019, 09:23 |
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Tom Winnifrith Bearcast: the latest Novum/Aberdeenman POS ramp deconstructed & asking the fuzz to investigate two old friends
In today's bearast I take a detailed look at Sub Standard list Bermele (BERM) which is over-ramped, dripping in red flags and been pushed by shamed Bulletin Board Moron Aberdeenman. I also explain why I shall, tomorrow, be asking the Met to investigate whether Julie "lingerie on expenses" Meyer and her lawyer Peter McGrath might - as a result of this - be perverting the course of jiustice as I have news on the FCA's criminal investigation into Meyer which seems to be ratcheting up. I am not accusing either of this serious crime merely asking the Met to see if something awry is taking place.
- By Tom Winnifrith |
- 2 June 2019, 19:26 |
OptiBiotix – ProBiotix development continues and a director buys: BUY
More positive news for us loyal OptiBiotix Health (OPTI) shareholders, with an announcement of “Appointment of CEO of ProBiotix Health”…
- By Tom Winnifrith & Steve Moore |
- 2 June 2019, 18:33 |
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Acacia Mining shows that all that glitters is not gold
I have rhapsodised enough times on this website about one of my favourite global corporate chief executives, Mark Bristow who has evolved from being in charge of the previously London listed Randgold Resources to (via a corporate transaction) heading up Barrick Gold which is primarily listed in Canada and the United States.
- By Chris Bailey of Financial Orbit |
- 2 June 2019, 17:45 |
Gold – has Jordan Roy-Byrne finally turned bullish? I think he has!
There aren’t many chartists that one would pay close attention to, but Jordan Roy-Byrne is one to pay attention to. I have said before that whilst he is presented as a technical analyst, much of what he offers is more to do with a history lesson and he has an alarming rate of accuracy.
- By Nigel Somerville |
- 2 June 2019, 17:27 |
Sunday Long Reads: Trump v Theresa May, Truffle Fraud, Three secret murders, Peter Max, Esports bubble
Is there anything better than sitting back and reading a well-written article on a lazy Sunday? Every week ShareProphets features some long form journalism that you'll find of interest. Grab your cuppa and enjoy these five articles.
- By Darren Atwater |
- 2 June 2019, 13:50 |
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Neil Woodford’s flagship Equity Income Fund – May scores-on-the-doors as the losses and redemptions pile up and the noose tightens
Neil Woodford has had a rotten month of May. His pride and joy Equity Income Fund started the month at £4.33 billion but finished at £3.71 billion – a shocking drop of 14.3% in one calendar month and two of the four accumulation units closed below the launch price of 100p almost five years ago. But how much of that was due to poor stockpicking and how much was the flood of his investors heading for the exit?
- By Nigel Somerville |
- 2 June 2019, 12:47 |
Notes from Underground - Bitcoin on a bull run?
This column exists to highlight the most popular articles and Bearcasts from the past week, the introductory paragraphs are merely what's on my mind on a Sunday morning. But this column has dropped in popularity to the #40s, so I will have to pull out the big gun: Bitcoin.
- By Darren Atwater |
- 2 June 2019, 12:44 |
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ShareProphets under DOS attack again, can you guess who is trying to gag us?
Earlier today the ShareProphets website went down as a result of a DOS attack. This was a deliberate cyber crime targeting this website only. We have now put in place counter measures which may make the website slower, until the DOS attack ceases, but keeps it up exposing criminals, fraudsters and liars. This is not the first time we have faced a DOS attack.
- By Tom Winnifrith |
- 1 June 2019, 18:08 |
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Tom Winnifrith Bearcast - 3 attempts to shut this site down in 10 days & the canard at the heart of the Neil Woodford defence
We must be doing something right. We are! We are exposing wrongdoing in financial services and thus I detail the three attempts to shut this site down of late. We will fight on and thank you for your support. If you value what we do please get others to subscribe HERE. I also look at the canard at the heart of the defence for Neil Woodford, a line spun to the Times today.
- By Tom Winnifrith |
- 1 June 2019, 18:05 |
Video: Gold is heading for $5000 an ounce
Mining entrepreneur Rob McCewen gave the keynote talk at the recent Hard Asset conference and discussed where we are in this new bull market for gold. He discusses the historic Dow to Gold ratio and why we headed back to the day when one ounce of gold will once again purchase one share of the DOW. He thinks gold is headed much higher and likely towards $5000.
- By Tom Winnifrith |
- 1 June 2019, 16:36 |