Articles by: TOM WINNIFRITH

EPIC
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Tom Winnifrith Bearcast – why I'd be short ASOS, a tale from 1938 & Malcolm bonkers again

I explain why Bearcast is late. There are several reasons but the main one is me distributing Christmas presents in Bristol to an Aunt and a Great Aunt and it is the latter's story from 1938 regarding Munich which I find so fascinating.  Then it is onto ASOS (ASC), the CFO merry go round and the fundamental reasons why it is a short. Finally Comrade Stacey is almost 100% in cash. Three Brains Bailey is 0% in cash. I explain why I agree with three brains
  • By Tom Winnifrith
  • 2022-12-03 21:24:40
EPIC MAC
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Do I really want my taxes lent to upper class twit of the Year Mark Warde-Norbury and Marechale?

The bounceback loan scheme of the then chancellor Rishi Sunak was meant to help small businesses suffering a covid hit to get access to funding to see them through.  As we taxpayers face the highest tax hit in 70 years let’s look at one worthy recipient, Mark Warde-Norbury, speaking to us from the stately home at Hooton Pagnell which has been in the family since 1704. Mark runs Marechale (MAC) a sub scale investment bank which snuck interims out just before lunchtime, allowing mark time to shoot some wildlife and thrash a few peasants before he speaks to the great unwashed. 

  • By Tom Winnifrith
  • 2022-12-02 13:10:11
EPIC ARB
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Argo Blockchain – precisely just how little cash is left

On 7 October Argo Blockchain (ARB) announced a series of measures to raise $39.5 million and claimed that this would be enough to last 12 months. Now I have doubts about that claim but unfortunately a proposed $27 million placing fell through so where is the company now?

  • By Tom Winnifrith
  • 2022-12-02 11:08:48
EPIC
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Tom Winnfrith Bearcast from the house of sickness

Both Joshua and I are feeling dire so this is a very short bearcast covering Peel Hunt (PEEL) and the nomad/broker sector and Purplebricks (PURP), a zero after the lastest housing data. Now back to bed.

  • By Tom Winnifrith
  • 2022-12-01 14:56:34
EPIC SEED
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Seed Innovations – Ed McDermott Bullish but am I losing faith?

Seed Innovations (SEED) was my exposure to cannabis and a jolly disastrous investment it has been. At 2.6p I am almost 80% out of the money. My feeling is that the cannabis bubble has burst and yesterday’s comment on CBD HERE has to be bad news. I cant bring myself to cut the loss although maybe I should.  But of the NAV is 8p as Ed Claims maybe I should hang on? A couple of weeks ago I exchanged emails with Seed boss Ed McDermott asking him if he was alright?

  • By Tom Winnifrith
  • 2022-12-01 14:17:31
EPIC ICON
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Iconic Labs – its alive!

At Companies House, Iconic’s (ICON) status is now “Voluntary Arrangement” and the administrators filed their final report on 8 November 2022.  So Iconic its back under the control of its directors.

  • By Tom Winnifrith
  • 2022-12-01 13:50:18
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