Some folks think that handing out share options to senior staff is a cost free exercise and b) benefits all shareholders as it incentivizes the board and also aligns their interests with those of stockholders. Bollocks on all counts.
Having asked for readers tips for 2017 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2017)...
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Kennedy Ventures, Patisserie Holdings and Strategic Minerals, setting share price targets for all three stocks.
It must be said that Kennedy Ventures (KENV) shares could have easily been in the Bulletin Board Heroes today, as they have been on previous occasions. But with the share price now at a key technical level it merits deeper investigation.
Friday afternoon saw an odd RNS from (Dead) Kennedy Ventures (KENV). It was not the fact that there had been a related party loan which was odd – it was the timing of the announcement. The RNS stated:
I might have suggested in prior articles that Peter Redmond was a senile old fool (albeit an honourable senile old fool). I take it all back. The man is a frigging genius, the ultimate playmaker in the world of the AIM Cesspit. There was Kennedy Ventures (KENV) wandering in the valley of death (just two days ago) and the maestro waved his wand and at a stroke it is the best performing share on AIM. What can I say? Peter Redmond is the Wizard King of the Cesspit.
Interim results from AIM Cesspit listed (Dead) Kennedy Ventures (KENV) out today are – as you would expect lamentable. The company now has net assets (taking a charitable view) of less than £30,000. At 1.55p the company is valued at £419,000. And it has lied to its shareholders – go on folks, sue me for libel, you know where to get hold of me. So where do I start?
Heck we have some bad news…when will we tell shareholders? Oh…how about Christmas Eve? It is a half day. No-one will notice and by the time they do we can think of some good news to announce or go on holiday? The bosses of the AIM Cesspit think they are being smart and will get away with it. But I am here to make sure you missed none of the horrors snuck out today and to give them maximum PR.
Once upon a time there was a company called Managed Support Services PLC which was listed on the AIM Cesspit. It went tits up. Well almost. Its operations were sold but the shell remained intact with a few liabilities and a tiny but of cash. It became Kennedy Ventures (KENV), an investing company, and it shows the idiocy and unsustainability of this whole AIM game.







