Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
On today's podcast I discuss why the looming battle in the High Court is so important and why the morons cheering on Julian Hamilton Barns against my foxy legal team prove themselves morons for doing so. Then onto Fishing Republic (FISH) with more fishiness revealed followed by Gulfsands Petrolem (GPX), Sefton Resources (SER), Capital Lease Aviation (CLA), Record (REC), Auhua (ACE) and finally a long piece on UK Oil & Gas (UKOG), analysing it - something its moronic bulletin board cheerleaders patently fail to do.
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Comments
Jason
No bearcast?
Tom Winnifrith
ooops – my error working now
t
Jeremy
According to Fishing Republic’s IPO document only one of its stores appear to have planning permission for retail sales,which could make it’s new 25 year leases a bit risky!
johng
over on http://ftalphaville.ft.com/marketslive/2015-10-14/ have clearly got Jason’s number.
PM jason has form, no?
PM Lots of form
PM Dot comedy form
BE Name rings a bell.
PM Actually, for Jason it’s as if the dot comedy never ended
11:27AM
PM Speaking of retail puntering
PM Seen this Teathers financial thing
PM They’ve got themselves an “app”
PM HHTP://www.investe…1510141052332305C/
BE Ah, yes.
PM Teathers Financial PLC (‘Teathers’ or the ‘Company’), the AIM listed investment company, is pleased to announce that, in accordance with its investing policy, it has invested £150,000 in its subsidiary, Teathers Financial Software Limited (‘TFSL’) which recently launched the ‘The Teathers App’ (the ‘App’), a new crowdfunding app which transforms the way private investors deal in listed companies through the use of mobile technology, offering dealing facilities, ongoing investment monitoring and news functionality. The Teathers’ board has also agreed to make available a further £350,000, subject to TFSL achieving certain milestones. The investment will be satisfied by the issue of shares, following which the Company will continue to own 100% of TFSL for the time being. As an early-stage technology company, TFSL is not presently profitable.
PM This is another attempt at pretending retail punters can be just like institutional punters
PM How often have we seen this story?
PM hxxp://www.teathers.com/
PM Empowering private investors
PM etc
PM Teathers Executive Chairman Jason Drummond said, “By revolutionising the way in which private investors and fund raisers can deal in listed companies, the innovative Teathers App has the potential to not only transform the crowd equity arena but also create substantial value for Teathers. We have been delighted with the response TFSL has received since launching the App a few weeks ago and our focus remains centred on building on the value of our investment in TFSL in line with our strategy of building a value generative portfolio of assets. We look forward to updating shareholders on our progress as TFSL continues to develop and commercialise the App, with a focus initially in the UK and EU, but wider global roll-out potential also identified.”
PM jason has form, no?
PM Lots of form
PM Dot comedy form
BE Name rings a bell.
PM Actually, for Jason it’s as if the dot comedy never ended
PM check his wiki entry
PM hxxps://en.wikiped…iki/Jason_Drummond
PM Oh, let’s snatch that photo
BE Worth noting that Teathers Financial has nothing to do with Teather & Greenwood as was.
BE It’s the renamed CA Sperati
BE A century-old button maker.
BE As in, a maker of actual buttons.
BE That changed its name in February to become an oil and gas company.
PM Ah, thanks for clarifying that
PM I’d assumed otherwise
BE Yes, it is rather unfortunate they picked the name of a former stockbroker
BE Innocent mistake, I assume.
11:32AM
BE Right, what else?
PM I don’t know
BE Oh, forgot to note that Teathers Financial is piggybacking on Shard Capital ‘s broker licence for this placings app thing.
BE Right. That’s noted.