BREAKING Versarien’s Neill Ricketts tells another lie as he prepares to break podcast cover: placing ahoy
AIM dog Brady (BRY) will shortly be taken over by PE firm Hanover at 10p a share. If the deal is not supported by shareholders the company will go bust. I have already twice written to the FCA and AIM Regulation demanding that they investigate how Brady and its Nomad Cenkos mislead investors. Today the scale of that deception has become clear.
Individuals not companies commit fraud, lie via RNS and break securities rules. And it is individuals not corporates who must be punished for their crimes. Otherwise getting caught for white collar crime becomes simply another “cost of doing business”. In that vein I have again written to the FCA and AIM Regulation about Brady (BRY) where I do not accuse anyone of fraud or lying but I do accuse them of heinous rule breaches.
Eleven days ago I exposed the funding crisis at AIM casino dog Brady (BRY) which it, and its Nomad Lagos Securities, had hidden from investors for a long time, The shares were then 26p. Thanks to my correspondence with AIM Regulation it was forced to, at least partially, ‘fess up to its problems. As I write the shares are now 4.05p having crashed another 46% today. Time for an urgent statement and share suspension methinks. Specifically we need to know:
Last week I reported Brady PLC (BRY) and its Nomad to AIM Regulation and the FCA over material non disclosures. As a result, the former forced Brady to issue an RNS in which it came clean as to the horror of its financial position. Now it seems as if the latter is looking at my material and might just launch a formal investigation. The FCA has been in touch with its favourite investigative journalist and writes:
Yesterday I revealed, HERE, the shocking way that Brady PLC (BRY) had withheld damaging price sensitive information from the AIM Market and investors, in part with the collusion of Nomad Cenkos. With the company now having to raise £3 million in just six weeks simply to meet November payroll but needing far more to be viable, it and Cenkos are still dissembling about the nature and scale of its problems. I have today written to AIM Regulation and the FCA asking for a formal investigation and to force Brady to come clean. The letter is below
Following a dire sales and lack of profits warning on 21 August, AIM Casino listed software outfot Brady (BRY) has today served up interim results which are both piss poor and fundamentally misleading. Quite simply, as things stand, a reliable source tells me, the company will not be able to meet payroll in November. Worse still there has been massive material non disclosure of the mess this company is in.
A trading update from Brady (BRY) commences; “Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy and commodities sectors, announces that, over the course of the first half of 2019, Brady has had positive engagements with existing customers, and the recurring revenue is in line with expectations”. The shares are currently around 35p – down more than 35% though!...
Having previously concluded that there could be some interesting recovery potential from commodity and energy markets software provider, Brady (BRY) but that the current uncertainty saw me continue to avoid, I note a trading update from the company...
Having chatted to him in May, I was surprised to see an announcement earlier this month that “after nine years Gavin Lavelle has decided to pursue new opportunities and has stepped down as CEO” of Brady plc (BRY). The company has now also announced that founder Dr Robert Brady has stepped down as a non-executive director. Hmmm…
Following my recent chat with its CEO Gavin Lavelle, provider of energy, commodity and recycling software, Brady (BRY) “is pleased to provide a trading update for the half year to 30 June 2016”. Let’s take a look…
Following my 16th May review of the AGM trading update of provider of trading and risk management software to the commodity and energy markets, Brady plc (BRY), the company’s CEO Gavin Lavelle has been in touch to talk about the background of its 2015 and recently reported performance…
Having previously updated on Brady plc (BRY) to not be fooled by the 2015 ‘trading in line’ - it’s disingenuous spin, the following updates post the company's results announcement for the 2015 calendar year and, more recently, an AGM update...
Provider of trading and risk management software to the commodity and energy markets, Brady plc (BRY) has updated “that it has secured four new contracts”, that “cost cutting initiatives that were notified in the 30 November trading update have now been completed” and on “trading in line with market expectations”, with “cash ahead”. Let’s now check that 30th November “trading update” then. Oh!?!...
At 5.47 PM Monday Brady (BRY) issued a dire profits warning. I missed it the and apologise. But having fooled me by sneaking out this awful news as I was drinking away at my Christmas Party I decided it merited a detailed look. This company could just be bust by June 2016. At any rate it is a slam dunk sell. Enjoy..
Edison is paid by companies to hire analysts such as convicted felon Champagne Charlie Gibson to produce research reports. The hooker never tells a punter that he has a small dick and Edison finds itself in the same position: just keep the client happy. And thus once again it has today served up a research report with a massively misleading title. The stock is Brady (BRY) which today served up a first half trading statement.
Provider of trading and risk management software to the global commodity and energy markets, Brady plc (BRY) has announced results for the first half of the 2014 calendar year. It said that “the enthusiastic activity being demonstrated across all parts of the group, delivering both growth and healthy margins, gives me every confidence that we are on track to perform in line with full year expectations”. What does this suggest for the current valuation?
Shares in provider of trading and risk management software to the global commodity, energy and recycling markets, Brady plc (BRY) have recovered to a current 77p having fallen to 62.5p in the aftermath of an early year profits warning noting that the company was “disappointed with the impact of timing and currency” on its 2013 calendar year results. The following updates post the release of a trading statement for the first half of 2014.
Shares in Brady plc (BRY), the largest European-headquartered provider of trading and risk management software to the global commodity, energy and recycling markets, currently trade more than 6% lower on the day following an update noting 2013 results ‘disappointment’ at timing and currency impacts despite a record sales booking year. Is there now a value opportunity here?
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