UK 10:09 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
In yesterday's reader poll we asked you which AIM listed company you thought had sent us a lawyers letter regarding the UK INvestor Show. We print the letter below but 79% of you guessed wrong!
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Comments
DeepPurple
404 Not Found, on the letter link
gaz3003
Link above to letter seem to be broken
Tom Winnifrith
link fixed – apols TW
Santiago
In my hastiness upon reading I combined the middle two options: I thought I had voted for any other knob associated with David Lenigas…
Duck and Dive
You should have redacted Mr Bagot’s home address.
wildrides
Might be an idea to redact Mr Bagots address from the letter head ( there are some odd people out there)
Anyways …….. These mother fuckers really do have no limits ……….un be fucking leaaaaaveable . You had better put out “danger wet slippery surface” signs around their seating area ,that’s for certain because these serial wankers are going to be “dripping”
You stay strong Mr Bagot and Tom and his legals team will look after you I am sure . Tell the truth on stage and let the world know how you have been treated . Well done Thomas ………….this is what you were born for . You are the agent of Karma in action .
JASPERTHERDOG
TW
sorted
gaz3003
Tom should you be showing Mr Bagot’s address??
colin
“….poor Essex pensioner Mr Bagot whose £1 million portfolio…”
he can’t be that poor Tom!
Mac
Is it only me that has very limited sympathy for Mr Bagot?
WH Ireland may well be in the wrong but you can’t play the Casino and take a punt on the upside if you’re not going to accept the risk of getting burnt. Yes, the investments WHI made were piss poor the period of investment Mr Bagot got pooned on was 2006 – 2012. This is exactly the same time frame when AIM was booming before falling off a cliff in the face of the financial crisis.
I feel bad for the guy but this is a nonsense story. If you want guaranteed returns stick your money in the post office.
NEMESIS
Spot on with the final line/ para Tom. The big boys won’t be showing up, they’ll be too ashamed to show their faces the cowards. They’ll send some shitty little gopher to record it for them.
James
Mac,
You may like to read the background to the case. The Daily Telegraph reported as follows:
http://www.telegraph.co.uk/finance/personalfinance/investing/shares/11926051/Pensioner-takes-compensation-battle-with-broker-WH-Ireland-to-streets-of-London.html
http://www.telegraph.co.uk/finance/personalfinance/investing/11891056/Could-this-be-Britains-worst-stockbroker-These-readers-lost-473159.html
The Telegraph reports that whilst Mr Bagot lost about £500k, W H Ireland only compensated him £150k as this was the limit of that the adjudicator could order W H Ireland to pay.
This is a case that deserves the spotlight and its good to hear of the slot in the line-up for the show for it.
Drunken Sailor
You should redact the e-mail address too.
This is an utter disgrace. I hope the Bagots are not in anyway intimidated and can be assured of the support of the foxy legal team if the threats are followed through. This really is where SP does its best work.
http://www.bbc.com/news/uk-25551640
“Justice minister Shailesh Vara said: “As a result of these new laws, anyone expressing views and engaging in public debate can do so in the knowledge that the law offers them stronger protection against unjust and unfair threats of legal action.”
Does it really or is justice the preserve of those who can afford to pay the legal bills to get it?
warun boofit
Mac , I have a lot of sympathy with Mr Bagot and no sympathy for W H Ireland and I hope to hear Mr Bagot speak this weekend. I propose that Mr Winnifrith arranges a competition for all those attending to correctly spot and name the Ronsenbats ‘observer’ but please make it a proper prize like a bottle of malt whisky not a bottle of ouzo.
Paul Scott
Tom,
Miles Nolan has got nothing to do with this!
Leave him alone. He’s a good guy, who does research on stocks.
Why are you dragging him into all this BS?
Regards, Paul.
Tom Winnifrith
Paul
catch up old boy…Nolan is not a writer/analyst any more he is on the dark side as IR for WH Ireland. Why drag him in? I Did not, The fascist letter was sent in the name of WHI, the CEO & Nolan. So its come in his name, he dragged himself in and that put him in the firing line
t
Mac
James / Warun Boofit
I have read the Telegraph articles and know the details of the case quite well through people involved. However, I still don’t get the furore here. WHI invested in 45 companies, 14 went bust and only 7 were WHI clients. Mr Bagot lost about 60% of what he invested.
Yes this is catastrophic stock picking and the specific broker should be shot but so what? 2006 – 2012 was complete carnage on the markets and lots of people got wiped out. Are we really suggesting that any losses incurred should be repaid by a broker? That’s complete bollocks and the sort of left wing tripe I assumed SP had moved beyond.
By the same reckoning if my stockbroker had stuck £1M into blur, Wandisco, Outsourcery etc a few years ago I would be looking at massive 95% losses today but that would be tough cheese. You roll your dice and take your chances.
Playing the markets carries risk and if you devolve discretionary powers to some broker idiot (as Mr Bagot did) then more fool you. He could just have easily stuck his cash in a FTSE tracker but didn’t. This case seems to be magnified just because Bagot is a pensioner and chose to stand outside the WHI office for a week waving a banner around. I fail to see why this is relevant.