I start with Malcom Stacey's latest bout of insanity HERE. Then it is onto woke nonsense and boardroom quotas at Colin Bird's African Pioneer (AFP), the great news from Fox Marble (FOX) and my thoughts, such as they are on Deutsche Bank buying Numis (NUM) for £410 million. Finally, tomorrow sees me back on a training walk for Rogue Bloggers for Woodlarks. To the 95% of you yet to donate, how about you hand over a tenner ( or more) HERE. 

Young Steve Moore and I have repeatedly warned you about Seraphine (BUMP) another disastrous 2021 IPO. Today came another warning but before we deal with the abject numbers I suggest you all have a butcher’s at its website HERE. And as a reminder…

On 22nd June Victorian Plumbing (VIC) founder and CEO Mark Radcliffe emphasised “our IPO and admission to AIM is an exciting next step on our growth journey”. That followed a £297.5 million placing. An October first trading update though included “more subdued market conditions as lockdown restrictions were eased” and now full-year results…

Lekoil (LEK) – the AIM casino company of fake sheikh infamy – has today announced that its Nomad, Strand Hanson, will quit with effect from 20 November, that is to say Friday. But fear not, discussions with another Nomad – one would assume the joint broker SP Angel which will act for anyone at all, no questions asked – are “advanced”.

I start with Bidstack (BIDS), my article of earlier, and questions about the threshold of honesty needed in an RNS Reach. Then it is onto Intu (INTU)  and its imminent demise, just how useless are City analysts even the chap at Numis who finally realises the shares are worth 0p and what about the 2,500 staff.

Self-styled “premier technology solutions provider to leisure, entertainment and cultural markets”, Accesso (ACSO) has announced results and that it has appointed Numis as nominated adviser and broker. The shares are currently more than 30% lower towards 100p in response…

We have been warning that Purecircle (PURE), a company once valued at a billion dollars was a disaster waiting to happen for more than six years. The shares were already suspended over the inventory fraud, now other “matters of concern” have emerged and the CEO is stepping aside pro tem.  This company is almost certainly toast. City adbisors named below should hang their heads in shame and return fees, directors should go to jail.

Motorpoint (MOTR), “the UK's largest independent vehicle retailer”, has updated including of “a material increase in market share”, “strong current stock profile” and “a new share buyback programme, of up to £10 million”. The shares have nudged higher, but still below 220p compares to approaching 250p early last month…

In today's podcast I look at Numis (NUM), Sirius (SXX), Brady (BRY) and George Roach run POS Premier African Minerals (PREM). I also express my anger at the faux anger of those bastards in Westminster as they spout humbug. 

Jim Mellon says he loves listrening to my podcasts and has sent over a very interesting article following the pulled We Work IPO which I discuss at length. The into PureCircle (PURE) which Lucian has called brilliantly, notably here. Yesterday's shock warning tells us so much about the disgraceful apathy of folks like Numis and PWC when evidence of aggressive accounting was there for all to see over many years. I discuss another company shown to be swmming with no trunks. It will not be the last.

Post market close yesterday an accelerated bookbuild by Numis Securities was announced as “a partnership between David Shelton (a non-executive director of the company) and his connected persons, announces that, in connection with divorce proceedings, it intends to sell at least 8 million ordinary shares in Motorpoint” (MOTR). The shares closed yesterday at 240p – and today a “Result of Accelerated Bookbuild in Motorpoint”…

You have been warned so many times by myself about the uber dog Mirriad (MIRI) which listed on the AIM casino at 62p per share in December 2017. The shares are now 6.25p so shame on Nomad and broker Numis for this hound. Today we have calendar 2018 results and a warning that it needs a bailout placing within a year. I should cocoa.

Until recently analyst Paul Richards was at Numis and was the City's Now 1 rated media analyst. Now he is at Dowgate and has just published a detailed note on Reach4Entertainment (R4E) after its placing and acquisition today. He reckons the shares should almost double from 1.29p to 2.4p. I own the shares and think his forecasts are light and thus so is the target price. Judge for yourself, the note is in full below. 

I start with my big moral dilemna - listeners do you have any advice? Then I look at another day of shame for AIM ref Maestrano (MNO) and, more particularly, Immotion (IMMO). I look at Gama Aviation (GMAA), Numis (NUM), Finncrap (FCAP), Greatland (GGP) - another Dave Lenigas twitter ramp heading south - and at Avanti Communications (AVN)

FinnCrap (FCAP) has today listed on AIM having raised £3.75 million of new monies while insiders dumped £1.25 million of shares on mug punters. Unfortuanately for smug Sam Smith and the FinnCrap team a statement on current trading from Numis (NUM) shows just why FinnCrap rushed to get its own IPO away and why it should be avoided like the plague.

Just under 200 UK companies have been tipped by 16 brokers and 26 professional tipsters tracked by Stockomendation during the last seven days. Overall tip sentiment was positive for a majority of tipped companies (70%), and negative for a small minority (10%). In this week’s issue, we highlight the most frequently tipped company, as well as those firms with the highest consensus positive and negative ratings.

TLA Worldwide (TLA) was last week “pleased to announce that it has reached an agreement with SunTrust Bank to provide additional working capital headroom through deferment of principal and interest payments together with the waiver of covenants”. I bet it was as it had previously stated that “as a result of weak trading the group expects net debt for the 2018 full year to be significantly higher than previously anticipated and consequently is likely to breach its existing banking covenants”. Now a “Proposed Nominated Adviser Appointment” announcement…

Cynical Bear warned you that the 62p per share, £63 million, IPO of Mirriad Advertising (MIRI) would cause tears before bedtime. Obviously not for IP Group (IPO) which was able to justify its daft pre IPO investments in relation to that crackers listing price. Nor for Nomad and broker Numis or PR parasites Hudson Sandler which will have earned fat fees for the listing. Coke and hookers all round for the crony capitalists.  But for anyone dumb enough to buy the stock since the IPO this has been a horror show. The shares are now just 30p mid, they have more than halved in ten months on the AIM Casino. So what’s today’s news? It is bad, natch.

Having previously really taken the biscuit with its 2016 ‘bury bad news’ Christmas sweepstake effort, today an intra-day (10:35am) “Trading and Business Update” from TLA Worldwide (TLA). I suggest these factors don’t bode well…

It is not just unrepentant former armed bank robbers who engaged in pump and dump. Even the "most respectable" City Nomads and brokers are, it seems, at it. Welcome to 24 hours in the world of Numis.

Hello Share Terriers. Those of you who are true fans of Sherlock Holmes will agree with me that Basil Rathbone was the very best actor to play the role, even if he made his series of great films in the ‘forties. Today’s firm for your delectation is nothing to do with that marvellous thespian except that it bears the same name. Rathbone Brothers (RAT) may not or may not be a name overly familiar to you, but it represents an investment and wealth manager with a consistent record.

Ergomed (ERGO) receives a "buy" recommendation is the headline of the RNS Reach that has just gone out. It is very unusual to announce a broker report so I had a butchers at the RNS Reach - a Reach is an announcement the Nomad deems not to be price sensitive. Read on and you see why.

Having commenced the year at above 500p and been around 400p just before the Brexit vote, shares in specialist engineering and technology recruitment group, Matchtech (MTEC) are currently recovering to above 350p on the back of a “Trading Update for 12 months ended 31 July” announcement…

You probably have never heard of Avingtrans (AVG). Headquartered in a business park in a sleepy village near Huntingdon it is an investment jewel in what little remains of Britain’s once mighty engineering industry. It doesn’t waste time beating the drum in the City. It just gets on with designing, manufacturing and supplying critical components, paying dividends, and building its business before capitalising on its successes.

Top broker Numis has ceased its coverage of Plus500 (PLUS) with an incredibly damning note for its institutional clients, which just happens to have fallen into my possession. Steve Moore and myself have been bears of this stock for a while and we remain so. Now over to Numis which writes:

I know that the news from Salamanca last week was big but this big? Big enough for Numis to up its target price for shares in Berkeley Energy (BKY) from 40p to 100p? The shares are now 26.5p? Really?

Broker Numis has published a detailed note on Plexus (POS) in the wake of results out today. It reckons that the shares, now 250p, are worth 350p.

Having reviewed results from ASOS plc (ASC) for its year ended 31st August 2014 myself HERE, the following takes a look at broker views of the announcement and what the shares are worth.

When, in the not too distant future, learned books and articles appear discussing the crazy climate at the top of the bull market which started in March 2009, there will be various iconic examples greed and folly at the peak in 2014.

Domino's Pizza Group (DOM) has announced a fourth successive quarter of double-digit like-for-like sales growth in the UK, a best quarter of the year so far in Ireland and progress towards profitability in Switzerland, though “progress in Germany is slower than we would have liked, but we are committed to the execution of our strategy”. What does this all suggest for the shares at a current 570p?

Both companies have engaged in aggressive accounting with regard to accruals. One has already been shown to have overstated profits, managers have been fired, the forensic accountants are in and the Serious Fraud Office is now said to be looking into the matter. The other is Quindell (QPP).

Alliance Pharma (APH) last week announced results for the first half of the 2014 calendar year and that “we expect full year results to be in line with market expectations”.  This makes the shares a buy at up to 35p

At a current 103.5p, shares in international executive recruitment and professional services group Harvey Nash (HVN) remain well ahead of the 70p I noted they looked to be decent value at last year but down on the 116.25p of my previous update. The following reviews with the company having today updated on its performance for its half year ended 31st July 2014.

Specialist engineering and professional services recruitment agency, Matchtech (MTEC) has updated that for its year ended 31st July 2014 it “has continued to trade well in the second half of the year, with results now expected to be slightly ahead of current market expectations”. The following reviews with the shares currently up to around 590p on the back of the trading statement.

Shares in Domino’s Pizza Group (DOM), at just over 540p, are now little changed on recent pre-results announcement levels. This follows a mixed reaction to the company’s results for the 26 weeks ended 29th June 2014, which the following reviews. Is it time to buy back in?

I read with interest a puff piece for blinkx (BLNX) in the Money section of The Sunday Times. For the avoidance of doubt, despite receiving two lawyers’ letters from this company, I have always been a bear and remain so after last week’s dire profits alert as you can see HERE. But what makes newspapers print this shit other, perhaps, than that the journalists might get a cushy job on “the dark side” if they such enough PR cock for long enough.

Respected broker Numis (these things are all relative) has today initiated its coverage of Plexus (POS) at 321p with an add stance and 364p target.  But it says that its “bull case” target is 1145p! It writes: