From £6.99 per month
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

ICG-Longbow Senior & Cenkos start the week with a monster lie – you are LIARS

By Tom Winnifrith | Monday 16 January 2023

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 Friday on the ShareProphets website I published a devastating bear dossier on ICG-Longbow Senior (LBOW) and as always, I signed off in my name. I have nothing to hide. I have been a journalist for three decades, longer than Cenkos has been acting for shysters. That dossier detailed the very dodgy CV of a key player and explained why the NAV was a work of pure fiction. Today Longbow has responded with a “portfolio update” which shows that it and its advisor Cenkos (of Quindell infamy) are nothing more than low grade liars.

There is a small disposal which is neither here not there. It does not even bother to refuse any of the central charges in the dossier. Instead we are told:

The Company also notes the volatility in its share price on Friday 13th January following publication of an anonymous report which appears to question the Loan to Value (LTV) ratio of one of the Company's loans.

By volatility it means, share price slump. And, er. Anonymous? That is clearly not the case but it is an attempt to refute without drawing attention to the actual report which was clearly not anonymous in any way. The report questions and awful lot more and Longbow clearly has no answers for that.

This weedy non response and the brazen lying which is always a monster red flag is yet another invitation to sell Longbow shares.

As for Cenkos Securities, just how low can you stoop as you fight for your clients, scumbags from the gutter.
This story is available to all readers
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.

Filed under:

Subscribe to our newsletter

Daily digest of our latest stories.

Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was



Banking Déjà vu

Monday »


Tom Winnifrith Bearcast: PILOW talk



The comedy continues at Deliveroo



A few thoughts on retirement

Tuesday »


Buy Supermarket Income REIT