Anyone who invests in a company run by serial value destroyer, Arthur Milholland, is asking for it. After deceiving investors ahead of its last placing, his latest vehicle for self enrichment, Canadian Overses Petroleum (COPL), has today served up a new debt structure, which is so utterly horrible it tells you just how badly Milholland and Canadian are perceived. I discuss this, the shambles at Mirriad (MIRI), Eden Research (EDEN) and at cash strapped Asimilar (ASLR).
I start with some great news: my mother-in-law is moving to the next village tomorrow. Watch out Farndon! Then, I look at Trafalgar New Homes (TRAF); Fevertree (FEVR); Mirriad (MIRI); Supply@ME Capital (SYME); Dignity (DTY); and Zephyr Energy (ZPHR).
I warned comrade Malcolm Stacey and you all that his March 7 enthusiasm for advertising group Mirriad (MIRI) was misplaced and dire results with a piss poor set of excuses vindicate this perma bear once again. Crack out the ouzo. At 21p, down 14% so far today, the market cap is £59 million making this still a stonking short.
I am shortly off to Tesco then will be in action as the family cook. Ahead of that I look at Deepverge (DVRG) run by the arse Gerry Brandon, wondering which will come first, the next trading warning or the next bailout placing, at Mirriad (MIRI) where I disagree with comrade Stacey, Amigo (AMGO), Chill Brands (CHLL), Jubilee Metals (JLP), Supply@ME Capital (SYME), Cellular Goods (CBX), oil, gold and Ukraine and finally at Argo Blockchain’s (ARB) latest news.
Yesterday I covered a link between apparently “independent” Director at Edge Performance VCT (EDGI and EDGH) Sir Peter Bazalgette and its lead fund manager Mr David Glick at Edge Creative Enterprise Fund. Today I turn to a company called Mirriad Limited, a company in which Edge Performance VCT saw a £3.3 million investment written down by 98to just £50,000 in 2015. It was the biggest cause of Edge’s loss that year.
I have an update on the Union Jack (UJO) placing which I forced it to ‘fess up to last Friday and I can now reveal that worthless ramp Wildcat Petroleum (WCAT) is now seeking fresh equity at almost any price. At 1p, a £21 million market cap is about £21 million too high in my book. I also discuss Jubilee Metals (JLP) and Mark Slater and that links nicely to an IPO I am dodging and I explain why I am passing on what appeared a likeable and competent team. Finally, a detailed look at perennial dog Mirriad (MIRI) whose shares are – despite slipping 10% today – still a stonking sell.
Well not really and it was a long time ago. But it comes up when I discuss NightCap (NGHT) and why the numbers are all bonkers and it will end in tears. Then I look at Mirriad (MIRI) and ADVFN (AFN) parallels. Finally Amigo (AMGO) where the directors make threats that would be ruinous for them personally if they implement them. As ever, if you are bored, why not donate to a wonderful cause HERE.
I start with a few words on my preparations for tomorrow’s funeral which will mean my absence from this site for a day. Then onto the election in America where our boy is on a bit of a roll - a full analysis of recent developments is in a special podcast HERE. Then it is on to Verditek (VDTK), Versarien (VRS), Covid shorts and longs including, sorry Three Brains, Carnival (CCL). Finally a look at grossly overvalued Mirriad (MIRI).
I start with a few words on The Guardian's obituary of Uncle Chris. I look at the deliberate spoof and placing at Mirriad (MIRI) answer your questions on Kefi (KEFI) look at the NEX lobster pot with its new owners and finally return to Anglo African Oil & Gas (AAOG) where a statement about THIS is needed ASAP
In the first half of this podcast as I look at UK Oil & Gas (UKOG), Angus Energy (ANGS), Brockham, Horse Hill and the Weald Basin ramp I am joined by comrade Brokerman Dan. Then, alone, I look at Woodford Patient Captal Trust (WPCT) including the key missing info in today's bullshit RNS, Costain (COST), Versarien (VRS) and Mirriad (MIRI).
Ahead of lunch with a scouser I encounter someone just out of prison. There you go, life here in the Grim North. I urge you all to follow the lead of Saintly Tech Queen Vin Murria HERE.Greedy AIM bosses screwing shareholders infuriate me and in that vein I cover: Mirriad (MIRI), EVR Holdings (EVRH) and Argo Blockchain (ARB). I also look at FinnCap (FCAP) where the dam is breaking, Share PLC (SHRE), Frontier Smart Technologies (FST) and Audioboom (BOOM).
Fully-listed IP Group (IPO) is an investment company which throws money at early-stage companies. At the last count (28 Feb 2019) Woodford’s Equity Income Fund (EIF) was 3% invested. The remit sounds fairly close to that of WPCT – and many companies are indeed the same, as pointed out in previous ShareProphets articles.
In today's bearcast I discuss I3 Energy (I3E), Redde (REDD) and hapless Neil Woodford, Concepta (CPT), Optibiotix (OPTI), Yourgene (YGEN), Big Sofa (BST), Mirriad (MIRI) and Mothercare (MTC). If you enjoyed this, less than PC, bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.
Forgive the title. It is the new song by my pal Dominic Frisby which you can see below. It covers Brexit and is, I think, rather funny, no: it is pure genius. In my podcast, I look at Red Emperor (RMP) and the other Winx plays, Mirriad (MIRI), FinnCrap (FCAP), Akers Biosciences (AKR), Independent Oil & Gas (IOG) Nautilus Marine (NAUT), a real dog, and finally I have a hot deeply discounted placing rumour on I3 Energy (I3E). If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.
I cover WH Ireland (WHI) and the crisis engulfing the small cap world in a serperate bearcast HERE but touch on its downfall in the main bearcast. I look at Mirriad (MIRI) which needs to fess up as to how much cash has not yet been spunked, Rose Petroleum (ROSE) and insolvent Cabot (CAB) and the panic sells created by the demise of City Financial Investments, the bid for Independent Oil & Gas (IOG) and at Debenhams (DEB) where the worst is yet to come. If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.
In today's podcast I look again at yellow journalism re Woodford Patient Capital Trust (WPCT) as covered HERE and the MySquar (MYSQ) fraud. The corrupt deadwood press is part of the problem not the solution. I cover the latest news from MySquar in case I don't have time for a dedicated article. Today is a Joshua day but I hope to write as he takes a nap. I also look at Mirriad (MIRI), Mosman Oil & Gas (MSMN) anmd Haydale Graphene (HAYD) whose news today means that Nigel Somerville will have enjoyed ouzo on his breakflast cornflakes.
The dossier is now submitted. More on that later if Joshua has a nap. Pro tem I look at Pantheon Resources (PANR), Mirriad Advertising (MIRI), Ascent (AST), Vela (VELA) and why capitalism sometimes stinks - and at Greggs (GRG)
Oh dear it is another bad day at the office for Neil Woodford. First up I answer the question posed by Cynical about the great man HERE. Then I look at the disasters one of which told a monstrous lie in its RNS today: Mereo BioPharma (MPH), Mirriad (MIRI) and Hvivo (DOG). Then I look at Concepta (CPT), shares in which we own, Nighthawk (HAWK) and its dead cat bounce and finally at uber ramp Sound Energy (SOU) and what a CPR based on 2D seismic really means, i.e. Jack shit.