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Corrupt & twisted Journalism from Lucy Burton as disgraced and bent fund manager Neil Woodford announces comeback with more lies

By Tom Winnifrith & Nigel Somerville | Sunday 14 February 2021

Disclosure: I own shares in one or more of the stocks mentioned. 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.

Lucy Burton of the Sunday Telegraph will this morning be celebrating her scoop of the year. It may win her prizes such is the corruption of modern journalism. In a faustian deal she gets to break the news that disgraced and crooked fund manager Neil Woodford is planning a comeback. In return she publishes a blow off interview in which Woodford paints himself as the victim of what happened, tells blatent lies and those lies go unchallenged. This is not journalism it is revolting PR ands Ms Burton should be drummed out of the industry. She won’t. She will be praised and promoted. And the deadwood press wonders why it is ever less trusted and its reader numbers slide?


Of course, like most of the MSM the Sunday Telegraph was still blowing off Woodford in return for scoops right the way through 2018 and into the year of his downfall, 2019. This website exposed him from 2015 onwards with more than 1000 articles, videos and podcasts – the 50 most read, including by folks at the FCA, are HERE. It seems that Burton’s Newspaper is still showing no contrition for its part in promoting the old rogue and is preparing to do so all over again. That this interview was driven by Woodford’s PR machine is not hidden by Lucy.  At one point we are told that Woodford is very angry with Link, which carried ultimate responsibility for his funds, at which point his phone pings, and he has his answer from his PR man. He will not sue Link, they did their job and are not to blame for anything.  And Lucy dutifully relays that message.


To be fair, Lucy’s colleague Jeremy Warner seems so shamed by her piece that he has penned one saying that he was a Woodford unit holder to the end and he sticks it to Neil.  But that is a side note, it is Lucy’s splashed scoop that the wretched paper is boasting about on twitter today.


Woodford starts by saying that he is a victim of what happened, it forced him to sell his £30 million house and he has not worked for two years. Lucy does not challenge that but it is obviously a whopping lie. Woodford made a fortune during his 26 year career at Invesco before starting his own firm. Owning property during the Invesco era would have compounded his gains. 


But even when gated, his Equity Income fund continued to charge management fees to investors who wanted their cash but couldn’t get it. But let us not forget that Woodford and his partner Craig Newman enjoyed £12.7 million in dividends from Woodford Investment Management between 30 Sept 2016 and 31 March 2017, £36.5 million in the year to March 2018 and a further £13.8 million during FY19. That’s £63 million so far. But before Woodford Investment Management came Woodford Investment Management LLP which ponied up £4.5 million in the year to March 2015, £25.7 million in the year to March 2016 and I don’t know what after that (there are no accounts) but the outfit was struck off in February 2018. 


So I make that around £93.2 million to be shared between Neil Woodford and his right-hand man Craig Newman on a 65/35 basis. Oh, and whatever might be left over at Woodford Investment Management.  So lets call it £60 million for Neil. Okay, there is tax on dividends at 38.1% but that still leaves Woodford with £37 million.  So while Woodford might have sold his £30 million house the idea that he HAD to becuase his funds were gated is quote obviously a total lie. It is a 100% slam dunk porky. Yet Lucy does not do any maths and fails to point that out. Poor Neil, of course you are the real victim.


To have earned almost £40 million from WIM means that Mr Woodford is not a victim at all. The victims are folks who entrusted their savings to an equity income fund to then discover that they were getting sod all income – because the fund manager was investing in companies that paid no dividends – and then losing much of their equity during a bull market as a result of the appalling decisions taken by Woodford. Neil fails to accept this, so to suggest that he feels genuine contrition and is almost saying sorry, as Lucy does, is obscene.  Lucy, do you not realise that real victims reading this will be revolted by what Woodford says? He has broken their finances, you are breaking their hearts in not challenging the old bastard? If you want to do PR go into PR, this is not journalism.


No Lucy wants to pretend she is a journalist so swallows the lies and says that Woodford really is sorry for what he did wrong. And what he did wrong appears to be mixing unlisted stocks with main market stocks in a retail fund. He says he won’t do that again. So that’s all right then? Er, no! 


The issues were manifold. Yes, he was mixing unlisted and listed stocks but amongst the listed stocks came a series of disasters such as the AA, Imperial Brands, Keir, Stobart Group and its AIM-listed little brother, Eddie Stobart Logistics and whole raft of others. The fact is he made a massive series of almost exclusively bad calls. That is why the performance of the two unit trusts suffered initially. But after a while, investors sensed the direction of travel and started to desert him. 


At the same time, his mix of investments was far too bottom-heavy so when investors wanted their cash out he was having to sell the bigger stocks, which eventually ran out, leaving him with a liquidity crisis. The denouement was obvious more than a year earlier. 


Then there were all those stocks listed on junior markets, which showed exceptionally poor stockpicking and which had to be bailed out over and over again at far too high a price. And there was another problem, because his holdings in those tiddlers were so large that they couldn’t be sold without trashing the share price, and even then it would have taken months and months. 


There were the asset transfers between the equity income and patient capital funds which loaded yet more loss-making cash-guzzling unlisted dross on Patient Capital which had not the cash available to support them, and which were surely distressed sales by Equity Income, yet there was no discount. 


There was Proton Partners, now Rutherford Health, which was listed on NEX (now Aquis) at a ludicrous price because Woodford threw £80 million on the IPO at a much inflated price ( he could have set it lower as he was the only investor ) – but this meant his management fees at Equity Income went up as his earlier investments were revalued higher as a result. But since he was the only holder apart from management, nobody was selling and there was almost no trading if the stock the listing was pointless. Even now there is almost no trading of the stock, but the cash is running out and that means a fundraise. While the Sunday Times belew Woodford off on this crazy IPO deal we pointed out that whilst it made him personally richer, via higher management fees, he had no need to invest at the IPO price – as the only investor he could have demanded a much lower price – so he was needlessly wasting investors cash. Now with Rutherford out of cash again what will the shares now crash to? 


This one incident on its own, disgracing Sabah Meddings of the Sunday Times as its PR publicist,  should be enough for the FCA to deal with Woodford.


And there were those shares listed on the hubristically titled Guernsey International Stock Exchange where Woodford was the only holder of the class of share in question and had no intention of selling. Woodford makes out that it was nothing to do with him: 


the controversial decision to list some of his investments on the tiny and obscure Guernsey stock exchange was not his but the start-ups themselves, although it was seen as an attempt to bypass rules that cap how much of his fund can be invested in unlisted stocks. “That’s a complete and utter lie,” Woodford snaps. 


But he then explains that: 


We made it very clear that if they wanted us to remain as shareholders, we said there’s pressure building on us in terms of our exposure in unquoted assets, if you want us to remain a shareholder you have got to list your shares, otherwise we will breach our unquoted limit 


Obviously a complete and utter lie, then: there is no possibility that he held a gun to the heads of those investees. Hmph!  


But the unquoted assets limit is there for a reason – and that is liquidity. But if Woodford is the only holder and not selling, then it adds nothing to the liquidity of his funds and thus surely should be ignored.  


In any case, four investees just happened to come up with exactly the same solution – a listing in Guernsey. That’s quite a co-incidence, eh Neil? There is no mention of that in the interview. 


Nor does Lucy challenge him on the series of Hail Mary investments in the lead up to his equity income fund being gated and eventually closed. In the last few months, with cash at critical levels at the equity income fund and withdrawals running apace and the equity income fund running an overdraft, Woodford continued to pour money which he hadn’t got into Keir Group. It was, as I suggested at the time, his last Hail Mary in a long line of Hail Mary’s – the desperate act of a struggling fund manager trying to avoid a career-ending disaster – and like the others, it too failed. 


He is apparently furious at Link – the ACD for all of his funds. He suggests that suspending and then closing Equity Income during the Summer and Autumn of 2019 was incredibly damaging to investors. The implication is that Link was too hasty but I would argue it was way too slow and again Lucy Barton does not challenge him on this. Even a year before gating it surely would have been possible to rescue the fund, but Link sat by and allowed Neil Woodford to continue unabated.   


And whilst Woodford’s long term record was excellent (once upon a time) it was, I suggest, largely based on two brave and correct calls: to ignore the dot.com madness around the turn of the century and to keep away from banks as the financial system imploded in 2008. After that, he had to find something else to offer outperformance and in his later years at Invesco he started piling money into crazy unlisted ideas, such as the trackable pallet company RM2. As things progressed (or didn’t) further funding rounds were conducted at ever higher prices which allowed gains to be booked but which would surely affect the risk of investing in his Invesco funds. But with seemingly unlimited funds at Invesco, he was safe for a while. The interesting point is that just after he left Invesco, the firm was slapped with fines by the FCA and all the transgressions were to do with funds managed by….Neil Woodford, but there is no mention of that in the interview. 


Undaunted, and now with his own investment house, where he was the boss, his taste for unlisted investments grew and although a good many ended up with an AIM listing they needed bailout after bailout. The list of abject failures is almost endless: RM2, laws-of-physics defying Industrial Heat, Verseon, BenevolentAI,  Eve Sleep, Sphere Medical, Xeros, Thin Film – the list goes on and on. And on. Woodford wants us to focus on the successes, pointing to Oxford Nanopore, Synairgen and Kymab. But if you look at the NAV of what was the Woodford Patient Capital Trust since he abandoned ship it was down by 33% in the year to September 2020….so much for being vindicated! But again, this is not raised in the blow-off interview. 


Woodford may be angry at Link, but his investors will be furious both with him and Link, for they are very heavily out of pocket and still have not got all of what little remains of their money back. I certainly won’t be shedding any crocodile tears for the poor victim with his share of around £93 million who apparently has had to sell his home! Sorry Neil, that just doesn’t wash. Indeed, I suggest that – just like your claim that there wasn’t a cash crisis and that Equity Income fund was not a forced seller at the WPCT AGM which Tom Winnifrith attended to challenge Woodford, while the FT waited patiently to do another blow job interview, in 2019 , that is just bollocks.


And with a series of highly questionable activities we would argue that he should not be allowed near fund management again. In the light of this PR stunt of an interview, I think the FCA needs to announce first thing tomorrow that it will not allow Neil Woodford to practise again, permanently. 


With a desire to go back into unlisted biotechs and healthcare, surely a look at what happened to Patient Capital will persuade the FCA that it has to act, and act now. Neil Woodford may dismiss his disgrace as being two years ago, but those who invested are still paying the price while he and Craig Newman count their winnings from an exercise which ShareProphets was explicit would end in abject failure long before the mainstream media started asking questions. 


And worse still, he has been advising Acacia – the fund which bought a bunch of Woodford stocks at a huge discount after he had been given the boot and sold them on for a quick and tasty profit. How much did Woodford earn from that? He is not asked. 


Apparently his new investors will be a different breed to the retail punters because they have a long term view. But Patient Capital was a closed-ended fund so there were no liquidity issues from investors wanting to sell up and look what happened to it! It borrowed money from the bank but had too many cash-hungry mouths to feed in the first place, which was massively exacerbated by the asset swap with Equity Income when it handed over liquid investments in return for more cash-hungry mouths to feed, and it hadn’t the cash. As per our coverage of Immunocore’s listing on Nasdaq, it seems that the bank is in the box seat and even with a big winner, shareholders don’t get all that much back. 


I suppose it is fine to have a feature on Woodford – free speech, and all that – but it is not fine if the uncomfortable truth is not put to him. This exclusive yet again shows all that is wrong with mainstream media financial coverage and shows that there is, in my view, no remorse to be found towards Woodford’s investors. What folks like Lucy Burton or that creep from Sky News or Harriet Dennys of the Mail on Sunday  fail to understand is that while their faustian pact scoops may win them plaudits in a corrupt industry, real folks who earn far less than them make duff financial decisions on the basis of what they write. Folks like Lucy, Mark and Harriet do not seem to care about that and that makes them, like Woodford himself, part of the problem of corruption in financial services. Not part pof the solution.


As for the claim that it will be different this time……unless the FCA pulls its finger out and given him a life ban, that is just laughable. Surely, surely the FCA would not risk a repeat, would it?  The article concedes that an FCA enquiry is ongoing. Surely this news is the cue it needs to wrap that enquiry up, to ban Woodford for life and to fine him £40 million? 


Woodford does clearly think that Link is to blame for his downfall although he also says hostile media coverage caused redemptions. At that WPCT AGM he singled out one journalist in particular for that, Mr Tom Winnifrith.  But we suspect that Link blames Woodford for the problems he created. If it loses a big claim from a firm like Harcus Parker we suspect that it might launch its own claim against Woodford and his business partner Craig Newman. And that makes it all the more imperative that Harcus Parker – which is months and months ahead of Leigh Day and anyone else who might go after Link – launches its claim asap.  We would urge anyone who did lose money on Woodford to abandon any other lawyers talking about going after Link and to sign up with Harcus Parker NOW, as this case gets underway. That is another way to sink Woodford’s comeback, even if the FCA fails to act as it should.


The idea that someone can presiude over such a disaster, then serve less than two years away from the coalface, before returning to “business as normal” work is just obscene. It is not as if the world is crying out for more fund managers, least of all one who lies and cheats in the way that Woodford has, enriching himself and ruining so many others in the process. 

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Volex (#VLX) – notes possible cash and shares offer proposals to TT Electronics (#TTG), whose board “has declined to engage”

 

HELD

Hellenic Dynamics (#HELD) – €1m loan announced in April still “has not been received” and “now exploring alternative financing options”!

 

VLX

Volex (#VLX) – H1 adj. EPS up to $0.152, DPS to 1.5p, “reiterates confidence”

 

VCP

Victoria (#VCP) – argues “positive leading indicator data” but admits “off a very low base” and assessing refinancing options

 

BOOM

Audioboom (#BOOM) – states “ahead of the recently upgraded market expectation”, but just emphasises adjusted EBITDA

 

AMRQ

Amaroq Minerals (#AMRQ) – “key agreements” in advance of gold production including for processing and offtake

 

ALT

Altitude (#ALT) – notes H1 growth, “remains in line with the board's expectations for the full financial year”

 

SOLI

Solid State (#SOLI) – ‘materially below expectations’ warning as “expenditure on a prominent defence order programme has been paused”

 

REC

Record (#REC) – H1 EPS up to 2.58p, DPS maintained at 2.15p, trading “in line with the board's expectations”

 

GLE

MJ Gleeson (#GLE) – AGM Trading Update, states results “will be more weighted to the second half than usual”. Hmmm

Thursday »

HEIQ

HeiQ – ‘preparing for a capital raise in the coming weeks open to all shareholders’. Er, I wonder why!…

 

TTG

TT Electronics – expects full-year “at the lower end of… previously stated range”, but that’s a range already lowered less than two months ago

 

Bearcast

Tom Winnifrith Bearcast: Mad Welshmen and the dogs and maybe Pierro is right

 

ZYT

Zytronic – having last month emphasised “material growth opportunity” of its transformation plan, now to seek a solvent liquidation!

 

Atomic

Video: Why Uranium, Gold and Silver are the Actual Winners of the US Election

 

BOO

Boohoo raises up to £45m: I just don’t get it

 

Bearcast

Tom Winnifrith Bonus Bearcast: the new bear case for gold

 

AOM

ActiveOps – having been an AIM Awards 2024 nominee, results disappointment (natch!)

 

ORCP

Oracle Power: shares already below placing price the sheer pointlessness of it

 

CRTA

Cirata: time to fess up that targets will be missed?

 

BOO

boohoo (#BOO) – raises £39.3m at 31p per share, “up to” £6m “retail offer”

 

ZYT

Zytronic (#ZYT) – following strategic review, “will now seek a sale and/or wind down of the group assets”

 

HEIQ

#HEIQ – “Update on Delisting and Potential Capital Raise”, delisting scheduled for 19th November

 

YNGA

Young & Co's (#YNGA) – H1 adj. EPS up to 36.72p, DPS to 11.53p, notes “Government's budget will result in significant increased costs for our industry”

 

SMWH

WH Smith (#SMWH) – FY adj. EPS up to 89.3p, DPS to 33.6p, “new financial year has started well”

 

BRBY

Burberry (#BRBY) – H1 swing to even adj. loss, notes H2 “important festive trading period” uncertainty considering “uncertain macroeconomic environment”

 

TTG

TT Electronics (#TTG) – “expects FY24 adjusted operating profit to be at the lower end of our previously stated range of £37m-42m”

 

SRAD

Stelrad (#SRAD) – incremental early signs of a recovery in volumes within selected European markets, FY guidance unchanged

 

BME

B&M (#BME) – H1 adj. EPS down to 14.7p, DPS up to 5.3p, “confident in our outlook for the second half”

 

PFD

Premier Foods (#PFD) – H1 adj. EPS up to 5.3p, “on track to deliver on full year expectations”

Wednesday »

AAU

Ariana Resources – loan to further advance Dokwe project ahead of Australia dual-listing, Buy

 

GELN

Gelion – “Produces Solid-State Separator”, again attempted ramptastic?

 

Crime-Scene

A reader reports Roast PR to the FCA over a new porky pie but nothing will happen

 

Bearcast

Tom Winnifrith Bearcast: Just Eat and Grub Hub show fund managers even bigger morons than Bulletin Board Morons as $7.3bn turned into $650m

 

TENG

Ten Lifestyle – states “pleased to announce” full-year results, but what’s ‘pleasing’ about them?

 

BIOM

Biome Technologies – after September-argued “challenges… progressing towards resolution”, already another trading warning!

 

Bearcast

Tom Winnifrith Bonus Bearcast: Revenge of the knicker wetters and Kefi which can now escape a placing and here's how

 

OPTI

Optibiotix: would you Adam & Eve it? How is Neil Davidson not a trougher who misleads?

 

GEX

EXPOSED: The lies and smears of Zak Mir and David Burton on behalf of Georgina Energy

 

Gold

Has the election of President Trump killed the gold bull market? What the gurus say

 

SRT

#SRT Marine Systems – fundraising to raise up to £8.5m at 35p per share

 

KEFI

#KEFI Gold & Copper – to remove outstanding exploration liabilities in Saudi Arabia by falling to 15% of joint venture, potential sale of this residual shareholding

 

CRL

Creightons (#CRL) – H1 “small reduction in revenue” but estimates pre-tax profit “notably higher” than corresponding prior year period

 

FSTA

Fuller, Smith & Turner (#FSTA) – H1 adj. EPS up to 21.81p, DPS to 7.41p, 32 weeks LFL sales +5.4%

 

CRW

Craneware (#CRW) – growth “in line with current market expectations”, non-executive director changes

 

CGS

Castings (#CGS) – H1 EPS down to 7.07p, DPS up to 4.21p, FY demand schedules continue to reflect heavy truck lower build rates

 

DWL

Dowlais (#DWL) – ten months constant currency revenue -6.1% YoY, expects continued market volatility next year

 

TAM

Tatton Asset Management (#TAM) – H1 adj. EPS up to 13.67p, DPS to 9.5p, “remain on track to meet the board's expectations for the full year”

 

EXPN

Experian (#EXPN) – H1 adj. EPS up to $0.76, DPS to $0.1925, expects FY margin accretion towards upper end of +30 to +50 basis points range

 

JET

Just Eat Takeaway.com (#JET) – agreement to sell Grubhub for $650m Enterprise Value

Tuesday »

Bearcast

Tom Winnifrith Bearcast: Tomorrow I expose Zak Mir and David Burton with their pants down

 

REE

Altona Rare Earths – fast-tracked production potential, Buy

 

MRK

Marks Electrical – after late-June “optimism for the year ahead”, already now a material profit warning!

 

Beggar

Comparing farmers today to 1980s miners is duff economics and shows the class hatred that really fuels the left

 

ZOO

Zoo Digital – interims, states it believes it has sufficient working capital “for the foreseeable future” but for how long likely is that?

 

Gold

Video: yes it is time to buy gold juniors!

 

XTR

BREAKING EXPOSE: Roast PR Limited, the alleged Zambian gold fraud, Colin Bird and while Roast profits readers lose out

 

GEX

BREAKING: Georgina Energy and Mark Wallace and the 2013 fraud allegations

 

ADF

Facilities by ADF – as I cautioned, profit warning. To do with UK Budget and US election uncertainty or more?…

 

Bearcast

Tom Winnifrith bonus bearcast: you cannot make a silk purse from a sow's ear, the tale of UK onshore oil and Union Jack Oil

 

MTRO

Metro Bank (#MTRO) – £16.7m fine for “financial crime failings”

 

UJO

Union Jack Oil (#UJO) – “planning permission for the Wressle development… has been formally rescinded”

 

FOUR

4imprint (#FOUR) – FY PBT expectations “remain unchanged and are within the current range of analysts' forecasts at just over $150m”

 

ADF

Facilities by #ADF – warns as a significant number of productions start dates delayed to next year and “some” will not proceed at all

 

ZOO

#ZOO Digital – H1 $2.6m loss and “visibility of Q4 orders remains limited”, even gross cash down to $4.3m

 

CBOX

Cake Box (#CBOX) – H1 EPS up to 5.18p, DPS to 3.40p, “on track” for FY “in line with market expectations”

 

MRK

Marks Electrical (#MRK) – H1 adj. EPS down to 0.72p, DPS maintained at 0.30p, FY profit warning

 

MCB

McBride (#MCB) – “strong” trading in line with market expectations, though cautious including of commodity markets adversely impacting input costs

 

FRAN

Franchise Brands (#FRAN) – expects FY adj. EBITDA at lower end of expectations as “anticipated recovery in project work is now not expected until next year”

 

OXIG

Oxford Instruments (#OXIG) – H1 adj. EPS down to 44.7p, DPS up to 5.1p, H2 “expect to deliver our typical stronger trading performance”

Monday »

GEX

BREAKING: Georgina Energy, Antony Hamilton and the undischarged bankruptcy he neglected to mention

 

Bearcast

Tom Winnifrith Bearcast: the wording at Dialight terrifies me as CFO walks

 

DIA

Dialight – after a week ago “confirms” half-year results for today, it’s now CFO leaves “with immediate effect” instead!

 

VARE

Various Eateries – argues “a strong position” with a “healthy” financial position. Really?…

 

LFT

Lift Global Ventures – We Cap investment another dog

 

Crime-Scene

Roast PR: Bent journalism and a 12 stock kiss of death list

 

WSG

Westminster Group and the most dreaded words in the English Corporate language

 

HEMO

Hemogenyx raises £600,000 it is still bust within weeks and this stinks

 

Bearcast

Tom Winnifrith bonus Bearcast: gold, country risk, not a death spiral, Resolute and Ariana

 

FORT

Forterra – trading only “broadly in line” and price increases challenges ahead?

 

RSG

Resolute Mining (#RSG) – confirms “CEO, Terence Holohan, and two other employees, have been detained in Mali by Government Officials”

 

AQX

Aquis Exchange (#AQX) – recommended 727p per share offer from SIX Exchange Group

 

DIA

Dialight (#DIA) – CFO Carolyn Zhang “has stepped down… for personal reasons and will be leaving the company, with immediate effect”

 

GRX

GreenX Metals (#GRX) – Poland lodges request to set-aside arbitration award “on the basis of jurisdictional aspects of the award and procedural unfairness”

 

AAU

Ariana Resources (#AAU) – up to $5m loan agreement to advance Dokwe project

 

NWG

NatWest (#NWG) – second buy back of government shares of 2024, for £1bn

 

CAV

Cavendish Financial (#CAV) – H1 adj. EPS 0.4p, DPS 0.3p, “market conditions have yet to improve significantly post the general election”

 

KNOS

Kainos (#KNOS) – H1 adj. EPS edged up to 22.5p, DPS up to 9.3p, notes “poor macro-economic conditions and delayed UK Government decision-making”

 

VARE

Various Eateries (#VARE) – FY “small positive adjusted EBITDA”, hit outs at Budget “further major blow to a struggling industry”

 

FORT

Forterra (#FORT) – “year to date revenues were 5% below the 2023 comparative”, maintains FY adj. EBITDA expectation of “around £50m”

Sunday »

Bearcast

Tom Winnifrith bearcast: Resolute bosses arrested, Georgina's bosses should be

 

Professor

Visual Aid: Top 10 Countries by Value of All Their Natural Resources

 

Gold

The View From The Montana Log-Cabin As Gold Slips On Trump Election Result

 

Professor

Sunday Long Reads: Lying Researcher, Old Film Future, Tankers vs Whales, Buttons are Back, Non-Nigel Cabin on the Mountain

 

AMRQ

Brown Envelope Man and Amaroq interview

 

Quiz

The ShareProphets Sunday Pub Quiz #266

 

Top-10

Notes from Underground – Most read articles for the week ending Nov 9

Saturday »

JLP

Jubilee Metals – “Operational Update”, a Q1 and outlook positives BUY

 

Father Christmas

Less than two months to go, tips of the year update...

 

Bearcast

Tom Winnifrith Bearcast: Jubilee to more than double and Neil Woodford's oil bearishness overcooked

 

Clown

A disgraced fund manager turned share blogger warns about oil, bullish on Trump, UK shares and China

 

US-Flag-Blonde

Tom Winnifrith podcast: Democrats should stop panicking and screaming but need to think about lessons they must learn

Friday »

TERN

Tern – 99% loss on Wyld investment confirmed

 

EMR

Empresaria – “sale of non-core subsidiary”, but still group financial concern?…

 

MKA

Mkango Resources: good companies just do not behave like this

 

US-Dollar

Ferrexpo Trumps Bitcoin and Tesla combined in the MAGA rally

 

CYAN

CyanConnode – interims, was the fundraising to enhance growth and operational capabilities or mainly to keep the lights on for a bit longer?

 

Bearcast

Tom Winnifrith Bearcast; Reporting back alive, good cancer news but...

 

PICH

Pitch Pit – this stinks

 

ARB

Argo Blockchain: No it really is a zero, a 'fess up and an AI spoof, 0p here we come

 

DISP:

Zamaz: more red flags as its goodnight Vienna!

 

NGHT

Breaking: Nightcap, a big rat abandons the sinking ship

 

MKA

Mkango Resources (#MKA) – expected admission of placing shares delayed to “on or around 22 November… due to administrative delays”

 

BSFA

BSF Enterprise (#BSFA) – “Portfolio Update”, attempted ramptastic

 

CYAN

CyanConnode (#CYAN) – H1 increased loss to £2.1m, cash £3.7m

 

INDV

Indivior (#INDV) – states “focused on acting in the best interests of all shareholders as we continue to execute on our strategy” in response to letter from Oaktree Capital Management

 

TIFS

TI Fluid Systems (#TIFS) – Takeover Panel extension for finalisation of due diligence, financing and transaction documentation

 

EMR

Empresaria (#EMR) – sale of its 51% interest in Fines Tokyo for a repaid JPY50 million (c.£0.253m) intercompany balance

 

SRP

Serco (#SRP) – unsuccessful in rebidding for Australia immigration contract and also notes UK Government budget tax changes impact

 

IAG

International Consolidated Airlines (#IAG) – notes Q3 growth and “demand remains strong across our airlines”

 

RMV

Rightmove (#RMV) – “in line to meet market expectations”, emphasises “looking ahead with confidence”

 

VTY

Vistry (#VTY) – £165m South Division cost issues additional profit impact and group “reduced expectations for completions in the year”

Thursday »

ARB

BREAKING: Argo Blockchain ‘fess up – delayed to an attempted no one watching o’clock and even then attempted obfuscation!

 

KEFI

Kefi Gold & Copper – increased proposed bank loan facilities for Tulu Kapi, Strong Buy

 

TPX

TPXimpact – CFO appointment, to ‘create lasting shareholder value’?

 

DSW

DSW Capital – 'Beat the Budget' transactions boost, but what’s the outlook from here?…

 

Bearcast

Tom Winnifrith Bearcast: a 1 in 15000 chance this is the last one ever

 

HUM

Hummingbird it’s almost game over, watch out Celadon there is a lesson for you

 

Trump

Gold and the fiscal fecklessness of Donald Trump

 

ARB

BREAKING: Argo Blockchain a zero: Evil Banksta has news

 

FADL

Fadel Partners – having been AIM Awards-shortlisted for “Best Newcomer” last year, ‘Update to Trading Expectations’ is downwards (natch!)…

 

CABP

CAB Payments (#CABP) – StoneX “does not intend to make an offer”

 

DSW

#DSW Capital – October “exceptionally strong levels of M&A activity and completions”, increases guidance

 

TRN

Trainline (#TRN) – H1 adj. EPS up to 9.9p, notes improved guidance

 

RR

Rolls-Royce (#RR.) – “confidence in the delivery of our 2024 guidance despite a supply chain environment which remains challenging”

 

SFOR

S4 Capital (#SFOR) – Q3 LFL net revenue -12.6% YoY, “primarily reflecting lower activity in both Content and one of the larger Technology Services clients”

 

AUTO

#AUTO Trader – H1 adj. EPS up to 15.56p, DPS to 3.5p, though “now expect the stock lever to be slightly negative for the full year”

 

ITV

#ITV – Q3 update, argues confidence will deliver increased profit this year but that with further cost savings

 

SBRY

J Sainsbury (#SBRY) – H1 adj. EPS edged up to 10.7p, DPS maintained at 3.9p, remains confident in forecasts

 

HWDN

Howden Joinery (#HWDN) – since half year LFL revenue -1.9% YoY, expects FY PBT “at the lower end” of analysts' consensus forecasts range

 

TW

Taylor Wimpey (#TW.) – “trading in line with expectations”, argues “well positioned for growth from 2025, assuming supportive market conditions”

Wednesday »

Bearcast

Tom Winnifrith Bearcast No 2: this strategic review could be amazingly good news

 

APTA

Aptamer – “pleased to report that the sustained focus of our commercial team continues to bear fruit”. Er, does it?…

 

WSG

Westminster: classic bullshit from loathsome ex Tory MP and penny share spiv Tony Baldry

 

SAAS

Microlise – “confident that no customer systems data has been compromised”, but employee data?…

 

Clown

A disgraced and failed fund manager on Trump's win and China

 

SOLI

Solid State – argues “trading in-line with market expectations for the full year”, but how much really so?…

 

OPTI

BREAKING: Optibiotix, O’Hara resurfaces!

 

SCE

Surface Transforms – “Directorate Change”, why ANOTHER share price slump?…

 

GEX

Georgina Energy: Lyin’ Yet again

 

Bearcast

Tom Winnifrith Bearcast No 1: GroupThink, Donald Trump and Kefi

 

GEX

Georgina Energy (#GEX) – “Operational Update”, attempted ramptastic

 

KEFI

#KEFI Gold & Copper – “initial committee approval granted by second co-lending bank for increased amount”

 

SAAS

Microlise (#SAAS) – “Update on Cyber Security Incident”, expects services “essentially back to normal” by end of next week

 

EME

Empyrean Energy (#EME) – £1.12m equity raise at 0.1p per share, also an up to £0.25m “retail offer”

 

BRES

Blencowe Resources (#BRES) – £1.5m equity raise at 4p per share with warrants

 

YOU

YouGov (#YOU) – FY adj. EPS down to 29.4p, DPS +3% to 9p, current year trading “broadly in line with the prior year”

 

JDW

J D Wetherspoon (#JDW) – 14 weeks LFL sales +5.9% YoY, “cost inflation… has now jumped substantially again following the budget”

 

DOM

Domino's Pizza (#DOM) – Q3 update, “expect FY24 Underlying EBITDA to be in the range of current market expectations”

 

MKS

Marks & Spencer (#MKS) – H1 adj. EPS up to 14.7p, DPS maintained at 1p, “confident of making further progress in the remainder of the year”

 

PSN

Persimmon (#PSN) – Q3 “in-line with expectations”, argues “well positioned for continuing market improvement”

Tuesday »

DIS

Distil – interims, was recent discounted equity raise to “provide working capital”?…

 

AMRQ

Amaroq Minerals – 2024 exploration update, this winning 73p offer price tip still a Buy

 

ITX

Itaconix – “pleased to provide” trading update, but how ‘pleasing’ is it really?…

 

Bearcast

Tom Winnifrith Bearcast: Define imminent

 

AFRN

Aferian – emphasises trading improvement and “well-positioned”, but how much so really?…

 

ENSI

EnSilica – full-year results argue “from both a financial and operational perspective… remains well positioned”. Er, does it?!…

 

VCP

Victoria now just 93p, target remains 0p: a 20 red flag check list

 

EPP

Gary Newman warns placing ahoy at Energypathways

 

Bearcast

Tom Winnifrith bonus bearcast: serial deceit and lying at Predator as it places

 

US-Flag-Blonde

Preparing for election night at the Welsh Hovel, I’ll be stewing some apples, Tom Winnifrith

 

ARB

Argo Blockchain (#ARB) – “October Operational Update”, notes “mining revenue” up to $3m but bottom-line financials dare not speak their name

 

ASC

ASOS (#ASC) – FY increased even adj. loss, net debt £297.1m

 

SOS

Sosandar (#SOS) – homeware range licensing agreement with Next (#NXT), no financials (natch!)

 

AFRN

Aferian (#AFRN) – notes H2 revenue improvement, “continue to expect a reduction to net debt by year-end”

 

MGAM

Morgan Advanced Materials (#MGAM) – warns current outlook deterioration, expanding “simplification programme” and commencing “up to £40m” share buyback

 

WEIR

#WEIR – “order pipeline converting as expected”, FY guidance reiterated

 

TCAP

TP ICAP (#TCAP) – Q3 revenue +9%, “comfortable with FY 2024 market expectations for adjusted EBIT, subject to the impact of FX movements”

 

HFG

Hilton Food (#HFG) – notes Q3 progress, “confident in delivering our full year in line with our expectations”

 

ABF

Associated British Foods (#ABF) – FY adj. EPS up to 196.9p, DPS to 90p including 27p special dividend

 

CTG

Christie (#CTG) – sale of its Orridge stocktaking business for initial £4m and up to a further £1m

Monday »

EMR

Empresaria – states a disposal as part of “previously announced plan”, but how useful?

 

TST

Touchstar – trading update, value realisation potential?...

 

FDBK

Feedback plc – argues “successful fundraising”. Er, what about the 55% discount?!

 

Gold

Video with Rick Rule: The Inevitability of the Gold Price Rise

 

PRD

Predator; when is the discounted bailout placing? Target from 6.25p, 3p within months

 

ENSI

EnSilica – “pleased to announce” a new debt facility now, I wonder why…

 

PBX

ProBiotix Health – wins at requisitioned General Meeting, now time for reconciliation

 

Gold

Video: Mining Stocks Haven’t Been This Golden Since 2001

 

Bearcast

Tom Winnifrith bearcast: a trans moral quandry for daughter 2

 

VNET

Vianet – half-year update argues “in line with management's expectations”, but suggests demanding second half requirements!

 

FDBK

Feedback (#FDBK) – proposed bailout fundraising for up to £6.3m

 

FDBK

Feedback (#FDBK) – FY loss £3.3m, cash down to £3.9m

 

ENSI

EnSilica (#ENSI) – “new debt facility to refinance its existing external loan facilities”, “up to £9 million… to November 2029”

 

CPH2

Clean Power Hydrogen (#CPH2) – following prior licence agreement termination, GHFG legal action now also terminated

 

ZTF

Zotefoams (#ZTF) – Q3 update, expects FY “to be in line with current market expectations”

 

VNET

Vianet (#VNET) – H1 growth “in line with management's expectations”, looking ahead with confidence

 

WIZZ

#WIZZ Air – October booked passengers +4.1% YoY, load factor +0.4ppts to 92.9%

 

DPP

DP Poland (#DPP) – Q3 update only emphasising sales growth, states “expects to be in line with market expectations for 2024”

 

WATR

Water Intelligence (#WATR) – reacquisition of Dallas franchise for initial $5m and up to $12m with also stock options

 

DSW

#DSW Capital – acquisition of primary care solicitors DR for £6.1m in cash and shares

Sunday »

NEXS

Nexus Infrastructure – diversifying acquisition and recovery potential, our share tip is ahead but still a BUY

 

Clown

A failed fund manager explains falling gilts post UK budget

 

Professor

Visual Aid: Which Countries Are Most Prepared For AI?

 

Gold

The View From The Montana Log-Cabin As Gold Takes A Bump And Reeves Thieves

 

Professor

Sunday Long Reads: Scamming Parents, Bauyesian Superyacht, Cyclopean Cave, Bitcoin Mining Nightmare, Meeting the Voice in your Head

 

Quiz

The ShareProphets Sunday Pub Quiz #265

 

Top-10

Notes from Underground – Most read articles for the week ending Nov 2

 

Trump

Tom Winnifrith US Election podcast, fake news, rogue polls, a Harris surge and the Dems murder Peanut the squirrel

 

Newsboy

Photo Article: Bonfire Night at the Welsh Hovel, Rachel Thieves up in smoke for a party of 20, Tom Winnifrith

Saturday »

Bearcast

Tom Winnifrith Bearcast: Farewell Big Dave Lenigas

 

Price-Vs-Value

ShareProphets readers tips for 2024 prize competition – (just under) two months to go update

Friday »

MIN

Minoan – Financing Update Offers Jam Tomorrow. Maybe It Will Be, This Time?

 

Bearcast

Tom Winnifrith Bearcast: How clever is Doc Holiday and how mendacious is the fake news FT?

 

SAAS

Microlise – “Notice of Cyber Security Incident”, at no one watching o’clock?

 

OPTI

BREAKING: The whole Steve O Hara health story Optibiotix is still not telling you

 

TM1

Turd polisher Harry Chathli, very poor form as Technology Minerals shares suspended

 

AMRQ

Amaroq Minerals – 2024 exploration update, remains an upcoming production and exploration Buy

 

RTOP

Regtech Open Project – now formally suspended until it files audited accounts for period to 30 June 2024. It won’t!

 

GEX

Georgina Energy: a letter to broker Jerry Keen about his resignation

 

BPM

B.P. Marsh & Partners – interims, positive again from this hugely winning share tip

 

AMRQ

Video: Amaroq Part 2, the reasons why I plan to buy more shares at 81p

 

Beggar

Photo article: Oxfam, 100 million Euro of your cash for this? Dad spins in his grave again, Tom Winnifrith

 

Welsh_Flag

Halloween Photo Article of angels and a wannabee Rachel Reeves pumpkin at the Welsh Hovel, Tom Winnifrith

 

BOO

boohoo (#BOO) – appoints Dan Finley, currently CEO of its Debenhams business, as group CEO

 

CEG

Challenger Energy (#CEG) – CFO Gagan Khurana “has resigned… for personal reasons, effective immediately”

 

OBI

Ondine Biomedical (#OBI) – proposed fundraising to raise “not less than” c.£8.5m at 8.5p per share

 

CPX

CAP-XX (#CPX) – £2.5m placing at 0.11p per share, up to a further £0.275m “retail offer”

 

ADME

ADM Energy (#ADME) – further results delay, states now expects to publish “in the coming weeks”

 

AEG

Active Energy (#AEG) – further loan, directors Max Aitken and Jason Zimmerman “step down” and appointment of Zeus Capital as joint broker

 

EML

Emmerson (#EML) – engages litigation counsel and formally notifies Morocco government of investment dispute, “is examining various funding avenues”

 

HUM

Hummingbird Resources (#HUM) – “advanced discussions… to partially restructure its outstanding debt and to reschedule payments due”

 

SOLI

Solid State (#SOLI) – acquisition of Q-Par Antennas USA for $1.5m and a further $0.5m earn-out

 

CLCO

Cloudcoco (#CLCO) – completes disposal of its CloudCoCo Connect business

Thursday »

Bearcast

Tom Winnifrith Bearcast: Failing Rachel from accounts

 

NXQ

Nexteq – profit warning on revenue “expected to be 10-12% below previous market expectations”. And what about those previous expectations?…

 

GEX

BREAKING: Antony Hamilton of Georgina energy slated by High Court Judge for misleading court

 

Clown

A failed fund manager says budget a nothingburger

 

VRS

Versarien – Dog eaters welch on £242,000 due today. Tits up in 3 months?

 

IEC

85p to 1p in 10 months, a Halloween special from Liam “the Toke” Murray

 

KNOS

Kainos – less than two months after “expects to deliver adjusted PBT in line”, now “expects… below current market consensus”. Hopefully my warning was heeded…

 

GEX

EXPOSE: Georgina Energy – materially non-compliant IFRS interims for a technically insolvent company

 

SEPL

Seplat Energy looks set to complete its acquisition - buy

 

SRT

SRT Marine Systems – emphasises “landmark contract” signed, but to now deliver sustained net cash generation rather than ‘jam tomorrow’?

 

GEX

Georgina Energy (#GEX) – H1 £3.3m loss and net debt and even net current liabilities!

 

GEX

Georgina Energy (#GEX) – ‘seismic data reprocessing progress and resource potential review’, attempted ramptastic

 

RGT

Argent Biopharma (#RGT) – “Quarterly Report”, ended quarter with just “A$311k of cash on hand”, since raised a further just A$0.2 million

 

VOD

Vodafone (#VOD) – MoU for potential acquisition of parts of Telekom Romania Mobile Communications

 

NXQ

Nexteq (#NXQ) – de-stocking and customer delays warning, Financial Controller Matt Staight to take over as CFO

 

FTC

Filtronic (#FTC) – “anticipate H1 to be stronger than H2, as the retrofit completes”, though confident of FY “in line with market expectations”

 

SYNT

Synthomer (#SYNT) – “volumes continue to improve from historically low levels, although at a slower rate than during Q1 and Q2”

 

HLN

Haleon (#HLN) – Q3 organic revenue +6.1% YoY, “well on track to deliver our full-year 2024 guidance”

 

KNOS

Kainos (#KNOS) – now expects FY revenue “moderately below current market consensus with the majority of the reduction flowing through to adjusted PBT”

 

SXS

Spectris (#SXS) – Q3 LFL sales -10% YoY and orders -6% as anticipated recovery “is taking longer to materialise”

Wednesday »

Bearcast

Tom Winnifrith bearcast: feeling so ill I thought it was Thursday and Halloween until just now

 

KOO

Kooth – directors share purchases, but how much confidence do they really have in this AIM Awards 2024 “Diversity Champion”?

 

LFT

Lift Global Ventures Plc – challenges facing Lee Lederberg in its upcoming audit

 

GEX

Bombshell Affadavit from Former Georgina Energy chairman

 

HTG

Hunting – after trading update, still a value growth Buy...

 

TMO

Time Out Group – full-year results and a placing “to fund capital investment”. Er, what about the currently further deteriorated balance sheet?

 

CEY

Centamin – My Replacements And Grrr!!

 

GEX

My letter Reporting myself and 4 others to the FCA asking for an investigation into market abuse

 

Bear

Thoughts on a Reversion to Mean – some things never change, Victoria and Petra are examples

 

GEX

The Shysters at Georgina Energy to report Tom Winnifrith to the FCA for market abuse:

 

Trump

Tom Winnifrith US Election podcast: big news in North Carolina and Minnesota

 

GEX

Georgina Energy (#GEX) – states “a number of recent blog and social media posts… contain a number of false and misleading statements”. Why not say who you mean?

 

ECK

Eckoh (#ECK) – recommended 54p per share offer from Bridgepoint

 

OPTI

OptiBiotix Health (#OPTI) – Peterhouse Capital refuses request for consent from company to be able to vote its shares at requisitioned General Meeting of ProBiotix Heath (#PBX)

 

EQLS

Equals (#EQLS) – possible 135p per share offer and 2p per share special dividend, necessary transaction documentation being ‘advanced’

 

CABP

CAB Payments (#CABP) – trading warning, states possible offer discussions with StoneX Group Inc. are continuing

 

AML

Aston Martin Lagonda (#AML) – Q3 still a loss, states “on track to deliver revised FY 2024 guidance, as supply chain disruptions are proactively managed”

 

NXT

Next (#NXT) – Q3 full price sales +7.6% YoY, upgrades FY profit guidance

 

NEXS

Nexus Infrastructure (#NEXS) – FY “in line with market expectations”, acquisition of Coleman Construction & Utilities for a net up to £4.38m

 

GHH

Gooch & Housego (#GHH) – acquisition of “precision optics” business Phoenix Optical for £3.4m and up to a further £3.35m

 

SDI

#SDI – acquisition of industrial measurement systems business InspecVision for a net £6.1m

Tuesday »

Bearcast

Tom Winnifrith Bearcast: Thank heavens Olaf is unemployed

 

BAR

Brand Architekts – full-year results, balance sheet-backed recovery Buy

 

ULTP

Ultimate Products – full-year results, “in line with market expectations”. Er, not the original expectations though!

 

Tom

Another black tie invitation from the Lord Mayor

 

SBTX

Cavendish Research Note: Skinbiotherapeutics at 18p worth 56p

 

CRPR

James Cropper – CEO “to retire from the company” and replacement appointment, “repositioned for growth”?

 

RWS

RWS Holdings – “ongoing price pressure” and net debt, is that really “a position of strength”?!

 

LFT

Letter to Lee Lederberg of Edwards Veeder: you are hereby put on notice re Zak Mir’s Lift Global

 

IQE

IQE: CEO fired, when is the lack of profits warning? Told y'all!

 

TERN

Tern – Rats, Sinking Ship: Two Thirds Of Board Walk With Immediate Effect

 

TERN

#TERN – two of three board members replaced having “stepped down… to concentrate on their other business interests”, hmmm

 

IQE

#IQE – CEO Americo Lemos “has left the company with immediate effect”. Er, why’s that then?

 

CRPR

James Cropper (#CRPR) – CEO Steve Adams has notified of intention to retire “in early 2025”, David Stirling appointed to succeed

 

KRS

Keras Resources (#KRS) – raises just £0.3725m at 2.5p per share

 

TST

Touchstar (#TST) – H2 revenue “broadly similar to the first half… below expectations”, though the half “still expected to be strongly cash generative”

 

IGR

IG Design (#IGR) – H1 revenue -11% YoY, argues to still anticipate “strong year-on-year improvement in both profit and cash flow”

 

ULTP

Ultimate Products (#ULTP) – FY adj. EPS down to 12.3p, DPS maintained at 7.38p, maintaining expectations though “UK trading remains challenging”

 

RWS

#RWS Holdings – H2 adj. revenue return to YoY growth at +2%, expects FY adj. PBT “within the range of market expectations”

 

PSON

Pearson (#PSON) – Q3 “underlying group sales” +5% YoY, “on track to meet full-year expectations”

 

FOXT

Foxtons (#FOXT) – acquisitions of primarily Reading-focussed Haslams for initial £7.6m and primarily Watford-focussed Imagine Property for initial £5m, further total £3.4m deferred

Monday »

Bearcast

Tom Winnifrith Bearcast: a day I really felt good about my work whatever twitter moron Neil said

 

SRT

SRT Marine Systems – “pleased to announce” contracts finance support package, but how sustained the ‘support’?

 

Flight risk, odd asset salesand unpaid bills, the liquidator reports back on broker Jub Capital and Adam Dziubinski

 

GEX

BREAKING BOMBSHELL for Georgina Energy: Grant Thornton investigation into wholesale expense abuse and fund misappropriation by Hamilton and Wallace

 

Roulette

AIM Market Statistics for the month of September: another disaster for the casino

 

CTAI

Catenai Klarian update: it's gibberish and it's placing ahoy

 

KMK

Kromek – full-year results argue “delivered on all our KPIs”, but why also an ‘Update’ announcement that dare not speak its name as to why an “additional loan” is needed?

 

BELL

More ballet tickets for Evil Banksta funded by Adam Reynolds: another shocking warning at Belluscura

 

GEX

Georgina Energy Shareholder Uwesp, the dumbest of the dumb

 

LFT

EXPOSE: Lift Global Ventures – who is the man behind Trans-Africa Energy Limited

 

Crime-Scene

Dominic White – life’s no Dolce Vita for his shareholders: where are the regulators?

 

GEX

BREAKING: Georgina Energy audit committee chairman accused of fraud and enrichment in Ben's Creek's law suit

 

Melania_Trump

Democrats playing the Hitler card on Madison Square Gardens rally - true desperation, Tom Winnifrith

 

WISE

#WISE – co-founder and CEO Kristo Käärmann £0.35m FCA penalty re. lack of personal tax situation notification

 

GOOD

#GOOD Energy – receives possible offer proposal, “is evaluating”

 

TLOU

#TLOU Energy – proposed AIM cancellation, to remain listed on ASX and Botswana Stock Exchange

 

NANO

Nanoco (#NANO) – receives GM requisition notice to appoint Rhys Summerton and Andre Tonkin to the board, “reviewing the content and validity”

 

HAYD

Haydale Graphene Industries (#HAYD) – raises £3m including at 0.1325p per new share, up to £0.5m “retail offer”

 

LLOY

Lloyds Banking Group (#LLOY) – notes recent motor commission Court decisions, “assessing the potential impact of the decisions, as well as any broader implications, pending the outcome of the appeal applications”

 

CCC

Computacenter (#CCC) – Q3 “broadly in line with the prior year”, now expects FY adj. PBT “modestly behind last year”

 

TRN

Trainline (#TRN) – upgrades guidance “following a strong start to H2”, but just provides net ticket sales, revenue and adjusted EBITDA

 

LORD

Lords Group Trading (#LORD) – acquisition of 90% of heat pumps and renewable energy products business Ultimate Renewables Supplies for initial £0.706m and up to further £0.196m

 

ROAD

Roadside Real Estate (#ROAD) – its joint venture agrees to acquire for £70m and leaseback a sites portfolio from Lidl

Sunday »

Bearcast

Tom Winnifrith Bearcast: BIG questions for Zak's auditor and why Ariana is such an amazing risk reward play and could be 20p

 

CARD

Card Factory could perform well going into the Xmas period and offers plenty of upside as long as it hits its targets

 

Gold

The View From The Montana Log-Cabin As Gold Heads For Another All-Time High

 

AAU

Ariana – Shares Rising As ASX Listing Nears but far more to come

 

Professor

Visual Aid: Real Home Price Changes in Bubble Markets

 

Professor

Sunday Long Reads: Tartarian Empire, Aphantasia, UK’s fastest thrill-ride, Modern-Day Library of Alexandria, Rare-Book Scoundrel

 

Quiz

The ShareProphets Sunday Pub Quiz #264

 

TERN

Tern – Wild About Wyld? Still A Bargepole Sell, Target 0p.

 

Top-10

Notes from Underground – Most read articles for the week ending Oct 26

 

Trump

Tom Winnifrith podcast: the US Election, extraordinary polls, the mendacious UK media and abortion

Saturday »

LFT

EXPOSE Zak Mir's Lift Global Ventures – is the TAE loan in trouble because of its apparent past links to a fraudster?

 

Bearcast

Tom Winnifrith Bearcast: the Shipman said, Optibiotix goofs again and Au Revoir Malcolm

 

Malcolm-On-Motorcycle

Malcolm’s most read article each year from 2013 to 2024

 

Malcolm-On-Motorcycle

After Nearly a Quarter of a Century, this (Very) Old Hand Says Goodbye - and Thanks for Everything.

Friday »

CDGP

Chapel Down – intra-day “Update on Strategic Review, Harvest & Trading” enough to turn its investors to drink!

 

Bearcast

Tom Winnifrith Bearcast: I am very relaxed about it but I cannot do a Kefi article every day!

 

CRU

Coral Products – CEO to leave, and further financial desperation?

 

Gold

Video: Why Shouldn’t the Dollar be as Good as Gold?

 

PRD

BREAKING: Bear raider Tim Kempster calls out Predator Oil & Gas for lying about its cash needs

 

KOO

Kooth – more contract controversy, though natch with it having the ominous combination of being an AIM Awards 2024 “winner” and that being “Diversity Champion”!

 

UKOG

UK Oil & Gas on Channel 4 News last night: did not sound good

 

LFT

Zak Mir: Charting did not warn me that lending most of my balance sheet to an insolvent company was a bad idea

 

OPTI

BREAKING: Optibiotix: another rule broken

 

AAU

Ariana Resources – review identifies significant further Dokwe project upside potential, Buy

 

BOO

boohoo (#BOO) – “clarification on certain matters raised by Frasers” (#FRAS), “continues the process of reviewing the requisitions”

 

LFT

Lift Global Ventures (#LFT) – investee Trans-Africa Energy has not received funding due, loans notes redemption with Lift further extended to 31st December!

 

LTG

Learning Technologies (#LTG) – possible offer discussions “have made material progress and remain ongoing”, deadline extension

 

ADA

Adams (#ADA) – “proposed realisation of investments and return of capital to shareholders”

 

KOO

Kooth (#KOO) – newsletter article “contained outdated information that underestimated the uptake and impact of Soluna in California”

 

CLBS

Celebrus Technologies (#CLBS) – H1 growth “in line with management expectations”, “confidence of another year of progress”

 

MCON

Mincon (#MCON) – “remain confident of earnings and revenue growth in H2 2024 compared to H1”

 

REC

Record (#REC) – Q2 AUM up to $106bn despite net flows -$1.7bn, “in line with expectations”

 

NWG

NatWest (#NWG) – Q3 EPS slightly up to 14.1p, argues “well placed”

 

WIL

Wilmington (#WIL) – acquisition of health, safety and environmental training business Phoenix Health & Safety for initial £30.25m

Thursday »

Bearcast

Tom Winnifrith Bearcast: libelling me, 'arry Adams and Stuart Ashman

 

Clown

A disgraced fund manager bullish on global equities but warns on the tech high flyers

 

SBDS

Silver Bullet Data Services – “Trading Update and Working Capital Facility”, how ‘positive’?

 

BOO

Boohoo: damning letter from Mike Ashley as he requisitions GM to become CEO

 

THRU

Thruvision – “disappointing” interims, “to operate within the level of current funding resources” for how long?…

 

GBP

Global Petroleum and the bankruptcy of executive officer Cecilia Yu.

 

SBTX

SkinBioTherapeutics – a Buy to double by Christmas

 

Bearcast

Tom Winnifrith Bonus bearcast: GOTCHA Optibiotix but its still lying, Skins playing it well

 

PBEE

PensionBee – argues placing “successfully raised £20 million”, how successfully?…

 

SYME

BREAKING: Supply@ME Capital, a second auditor resignation letter on the way

 

BOO

boohoo (#BOO) – receives EGM requisition seeking board changes including removal of John Lyttle and appointment of Mike Ashley as CEO, is “reviewing”

 

PBEE

PensionBee (#PBEE) – £20m placing at 185p per share

 

ABDN

abrdn (#ABDN) – Q3 Assets Under Management and Administration up to £506.7bn, though net flows -£3.1bn

 

LSEG

London Stock Exchange (#LSEG) – Q3 adj. organic income +8.7% YoY, “confident of continued growth”

 

BMY

Bloomsbury Publishing (#BMY) – H1 adj. EPS up to 24.68p, DPS to 3.89p, now expects FY “ahead of the current consensus expectation”

 

FOXT

Foxtons (#FOXT) – Q3 revenue +8% YoY, “trading in line with management's expectations”

 

ALU

Alumasc (#ALU) – trading momentum means “confident of delivering another year of growth, in line with its expectations” despite sector demand headwinds

 

TPK

Travis Perkins (#TPK) – “shortfall in the Merchanting segment”, “now expects FY24 adjusted operating profit to be around £135m”

 

ULVR

Unilever (#ULVR) – Q3 “underlying sales growth” 4.5%, “on track to deliver our 2024 outlook”

 

AT

Ashtead Technology (#AT.) – agreement to acquire “subsea electronics and ROV tooling rental and services” businesses Seatronics and J2 Subsea for £63m

Wednesday »

PBEE

BREAKING: PensionBee – placing, just “to accelerate investment in its US business”?

 

Bearcast

Tom Winnifrith bearcast: before bed my plan B for Optibiotix

 

FRAN

Franchise Brands – “Group CEO Appointment and Listing Consideration”, what about current trading consideration?…

 

CHSS

World Chess is ‘avin’ a giraffe yet again

 

Beggar-Stockbroker

30 MPs and green grifter Dale Vince display off the scale economic illiteracy

 

CRDL

Cordel – “AI Technology Certified by Network Rail”, share price rise justified or is the announcement again ramptastic?

 

RRR

There should be a law against doing an Andrew Bell, what is Fatty Cornish playing at?

 

STG

Strip Tinning – “delighted to announce” a new Glazing sales nomination, but what about recently with “significant wins” meant to drive growth?…

 

OPTI

Optibiotix FD walks and disgraced Neil Davidson dissembles on O’Hara health

 

Bearcast

Tom Winnifrith Bonus Bearcast: Will you help us sack David Bramhill at Union Jack said the email

 

Tom

Querying the health benefits of Tesco tinned tomatoes, Tom Winnifrith

 

Fake_News

Peak Guardian Fake News from Gaza, Tom Winnifrith

 

OPTI

OptiBiotix Health (#OPTI) – Finance Director Graham Myers to “step down”, David Blain to join as acting FD, only provides on CEO Stephen O’Hara “recovering after a short illness and expects to be back at work shortly”

 

CHSS

World Chess (#CHSS) – “announces plans to Launch World Chess Tour”, ramptastic

 

HOME

#HOME REIT – notes property auction sales, “sufficient proceeds to fully repay the outstanding Scottish Widows loan will be realised upon completion of the outstanding sale properties”

 

BLND

British Land (#BLND) – COO David Walker to become CFO “after a comprehensive search and review of internal and external candidates”

 

FRAN

Franchise Brands (#FRAN) – divisional CEO Peter Molloy appointed company CEO, “beginning to consider” move from AIM to Main Market

 

IGE

Image Scan (#IGE) – stronger H2 as anticipated, argues “confidence for future growth in FY25 and beyond”

 

WPP

#WPP – Q3 adj. LFL revenue +0.5% YoY, notes “Q4 facing a tougher comparative than Q3 and macro uncertainty”

 

BTRW

Barratt Redrow (#BTRW) – recent weeks “solid trading”, though considers “it will take some time for customer confidence to fully recover”

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