Minding the London Stock Exchange’s Business
Independent and Fearless Financial Journalism Funded by Readers
Even a few of our detractors have now come around
In today’s bearcast I start with Cathie Wood of Ark Invest and another sign ( hat tip FP) that she is Neil Woodford on steroids and will see a mega blow up in 2022. The onto the FCA’s plan to crack down on financial promotions. My arse it will. If it was serious on this matter Gollum Gill would be in the slammer already. Then some consolation for Gary Newman with some words on Advance Energy (AVN). I comment on URU Metals (URU) and the there is Best of the Best (BOTB). Surely there must be a Steward’s intp the £60 million share dump by directors nine months ago. But are the shares now cheap?
It was a liquiditry crisis that did for Neil Woodford in the end. Meeting redemptions required forced selling which cratered NAV which caused more redemptions which, however much smoke the Mail on Sunday blew up Neil’s arse, lead to an inevitable conclusion. Now I wonder if over in the USA, ARK Invest, a star of wall Street in the tech bull market, might meet a similar fate.
