Tom Winnifrith Bearcast 29 August - so bloody angry with ShoreCap and the Directors of Hotel Corp who are liars

Comments

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   VINES

   29 August 2015, 07:02

   is it right you lost the t1ps fund a lot of money in Avisen
   how many years u been a cheerleader for yeoman now?

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   Tom Winnifrith

   29 August 2015, 07:15

   Vines

   From memory and this is now well over 3 years ago avisen was 1 of the better performers. To be fair – not that you want to be – Yeoman is a NED at Avisen. I think you should judge him on where he has gone in to rescue failed companies: Guscio, Concha, etc.

   Best wishes

   Tom

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   CPPH

   29 August 2015, 07:53

   Great Bearcast. Shareprophets at its best.

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   turbograndad

   29 August 2015, 08:35

   Tom, great piece, love the no nonsence lingo, go get um.

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   Sticky Wicket

   29 August 2015, 08:45

   Bygones be Bygones…

   http://uk.advfn.com/cmn/fbb/thread.php3?id=19903346&from=921#firstpost

   Whilst you do not reveal sources it might be reasonable to ‘guess’ that the source is in fact, wholly or in part, Marcus Yeoman and he, or whoever the source, is have chosen or have been forced to use your good self as a vehicle to release this information. Presumably they have no recourse to ‘legitimate’ news channels such as via something like RNS.

   …. I’m not suggesting you are ‘illegitimate’ and in fact given some of the tripe that is published via RNS I would have to rate it lower than yourself.

   To the lack of point.

   I could be slightly concerned that if all you have is e-mail evidence then your present target[s] might claim to have never received these communications from Mr Yeoman or your source. They might be hitting the big delete button as I type. Otherwise I hope your source has responses from your target[s] to his e-mails, along with the associated headers, and perhaps more importantly something on paper from the opposite side.

   I’m sure Oakley does not lick his bum for free. Good to hear Tara has bounced back. Enjoy the second Honeymoon.

6. ---

   Tom Winnifrith

   29 August 2015, 10:07

   Bygones..

   25 year anniversary next week. I think I know my libel law better than some BB Moron. Happy to see the Hotel Corp bitchez in court any day

   T

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   VINES

   29 August 2015, 13:04

   fair play if tips made some dosh out of avisen back in the day

   while we’re being fair yeoman left concha in 2013 with the sp on its derriere and while there it lost 80%. guscio’s dropped since the reverse, Reach4 bombed since he joined, plenty of other AIM and ISDX disasters on his cv, bright futures plc went into admin

   giving a crony capitalist m8 a free pass is fine but telling us to back him is a bit much

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   ness

   29 August 2015, 14:00

   Tom, you are obviously very talented and get a lot of satisfaction revealing the very dodgy goings on within the stock market. I have dabbled, and failed, albeit to a very small scale, but one thing I have learned is the overwhelming sense of greed it gave me, just another few pence and I will close, now it has gone in the opposite direction I wish I had closed earlier, absolutely obsessed with charts and price movement, watching 1 minute charts for what turned out to be hours rolling into weeks on end.
   And if i had won more than I had lost? I would be gambling even higher, ultimately losing in the long run. But my point is, it made me painfully aware of my greed.
   If you save people from the latest company scandal, what does that do, apart from save people money, for them to buy more shares in other companies. It doesn’t make them better people, just saves them money. And therefore grateful to you.
   So do you do this because you want to be a saviour? There doesn’t seem to be a higher purpose for revealing the greed of the corporates, this is no different to the greed of the investors, they just have more power. Sure there may be a few that are saved from spending their retirement on the breadline but I would imagine the majority are the average market gambler.
   If you are going to get your knickers in a twist over something, make it important. You are a climate change denier. Watch this, https://youtu.be/qlzE8z0D5Tk then you will understand there are more important things to rant about than greedy bods.
   I await my moron of the week nomination again, oh the shame….

9. ---

   Tom Winnifrith

   29 August 2015, 14:21

   Ness

   I do it becuase I think capitalism makes the world a better place but what we have right now is crony capitalism, a stitch up between Government and a financial elite which makes the world a less good place for all. If I can do my bit nailing a few crony capitalists and actually pushing to make the system better that is a good thing. I might not change anything but I should try should I not?

   See bearcast tomorrow

   Tom

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    Rob H Trader

    30 August 2015, 10:37

    How dull would this website be (and life in general for that matter) if Tom was to ever actually go on sabbatical!? ;)

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    Jeremy

    2 September 2015, 09:00

    Incidently one of the largest original shareholders in Hotel Corp was Richard Desmond,introduced by I understand Shore,it was one of his biggest boobs since page 3 and it was reported he was unsuprisingly not a happy bunny,I have no idea if he retains his shareholding.
    The holding company for the trading division was Puma Hotels plc,originally Dawnay Shore Hotels,and shortly before its liquidation its name was changed to UK Group of Hotels plc;it was this vehicle in which Hotel Corp had around 49% of the equity,loan stock you mentioned and also Convertible preference shares which if converted would have given it around 56%.
    I believe Puma Hotels plc also had outside investors beyond Hotel Corp.It was Puma Hotels plc that paid the management fee of 1% of its Gross assets(ie including debt,bank borrowings etc) to eventually Shore Capital.It must have paid out in the region of £25m over its existence.
    Puma Hotels owned around two dozen mainly 4 star hotels that in the main originally belonged to Trust House Forte,Macdonald Hotels bought most of the other THF Hotels outside London when they were sold,in general the better ones,Puma traded under the name Paramount,then Barchelo when the Spanish firm took over management.It was the loss of the Barchelo management contract that precipitated the collapse of Puma Hotels,Barchelo essentially walked away from their lease.Barchelo eventually paid some compensation but due to the complexity of Barchelo’s lease arrangement split with around 20 different intermediary Barchelo subsiduary companies which had no recourse to the parent Barchelo company,it did not nearly compensate.The valuation of the Puma Hotels was based on the lease payment paid by Barchelo,without this inflation linked lease the hotels had to be revalued,the lower valuation wiped out Pumas’s equity.The original lender was the fairy godmother of dodgy property lending Anglo Irish Bank,eventually the Irish Bank Resolution Corp put in the boot.They now trade under new ownership as The Hotel Collection although a few hotels have been added by the new owners