Notes from Underground – Most read articles for the week ending 17 August

Here are the most read articles and the most listened-to Bearcasts over the past seven days. The most read non-Tom article last week is by Steve Moore, with Accesso Technology – notes sales pipeline “which will benefit the group in subsequent years”, but to what extent and what about this year?!… at No 3 or No 13 including Bearcasts. 

The most-read ShareProphets articles this week were:

1. Heroic Tim Martin of ‘Spoons calls out the wretched Daily Mail for fake news (again)
   In a rather waspish release the greatest living Englishman, Tim Martin, the founder of JD Wetherspoon (JDW) has again called out the ghastly Daily Mail for publishing fake news. The release is particularly waspish. The great man opines:
   
   
2. Another share made even cheaper by Labour’s election win?...
   Our expectation is that Labour will accelerate the decline in the UK’s finances and also make the UK a less attractive place to do business. And so far our expectations have been met and there are certain sectors you’d not touch with a bargepole. But, overall, the threat of what Rachel Reeves might do seems more than discounted in UK equity valuations. Looking at forecast earnings growth for the FTSE 350 and then valuing that basket ex-banks and oil stocks, and comparing it to other international markets on a similar basis, then a simple PEG analysis suggests that UK equities are c40% too cheap. Now we accept that matters can change, but there is a margin of error which suggests buying a basket of value FTSE 350 investments is going to serve you well on the medium-term. And there are some stocks where the political zeitgeist is actually in their favour – we wrote about one HERE and the following looks to be another...
   
   
3. Accesso Technology – notes sales pipeline “which will benefit the group in subsequent years”, but to what extent and what about this year?!…
   Leisure, entertainment, and cultural markets technology group accesso (ACSO) has issued a “trading statement” including that its “sales pipeline continues to exhibit positive momentum which will benefit the group in subsequent years”, but what about its current, 2024 calendar, year?
   
   
4. Chris Apsley, the £100,000 I “stole” meet a true scholar and a gentleman
   Chis Apsley is someone I have never met. He is not a subscriber to this website so has not read my articles or listened to my bearcasts on the bezzle that is Georgina Energy (GEX) but he knows they are all lies and has been bombarding me with emails and tweets.
   
   
5. BREAKING: Celadon, and another couple of points, the July 15 lie and the Companies Act breach
   I have already demonstrated how, near as damn it bankrupt, Celadon Pharmaceuticals (CEL) breached AIM Rules in a grotesque way relating to its perilous financial position HERE. But it gets worse. A clued up bird has been on the dog and bone and I suggest that there are 4thgere are 4 additional matters that AIM Regulation must consider as a matter of urgency
   
   
6. Video: pass the sick bag Georgina Energy
   The company has been unable to refute either the geology bombshell expose of the weekend HERE or our accountancy bombshell of July 22 HERE. It just sails on and has done a series of paid for video interviews which are just nauseating. The one below is with Proactive.
   
   
7. Bellway walks from Crest Bid – what does that tell you?
   According to house builder Crest Nicholson (CRST) it was Bellway (BWY) that initiated discussions about an all share offer making several proposals before making one that got Crest prepared to talk. But today Bellway has walked: why?
   
   
8. Letter to AIM Regulation: suspension of Bobbie Hilliam of Canaccord and of Celadon Pharmaceuticals shares
   What has emerged today at Celadon Pharmaceuticals (CEL) is truly shocking even by the tawdry standards of the AIM sewer. The breaches of AIM Rules are explicit and clear. There is almost certainly a Companies Act breach as well and the Nomad has been grossly negligent. If heads do not roll you just have to ask what is the point of Marcus Stuttard and his team of Oxymorons at AIM regulation. I have dropped Marcus and his troops a letter, just to put them on notice.
   
   
9. Georgina Energy/Mining Minerals and Metals back below IPO price at bid, fraud always creates losers
   Oily Jerry Keen at broker Oak Securities and Oliver Stansfield at financial adviser Tavira do not give a feck that folks have lost so much money. They banked huge fees reversing Georgina into Mining Minerals and Metals (GEX) on 29 July. For some reason Companies House has yet to process a name change just adding to the impression that this is not only a total con but also a shambles.
   
   
10. BREAKING: Now Julie "Lingerie on Expenses" Meyer Rolls the Swiss as Viva is wound up with huge unpaid debts
    Thanks to Wnnileaks I have a series of documents from Switzerland which you can see below showing that Vince Cable's fave entrepreneur, Julie Meyer MBE has done it again: sent her company bust leaving creditors, including the taxman to whistle. This time it is in Switzerland.

The most listened-to Bearcasts this week were:

1. Tom Winnfrith bearcast: the taxi driver horrifies the Mrs while I have a shocking admission about my pension
   I start with the Mrs, the race riots and our taxi driver today, then base rates and small caps and finally an admission about my pension fund prompted by a reader interrogating me
   
   
2. Tom Winnifrith Bearcast: All about CeladonI start in my garden where there are a series of triumphs for myself and Joshua and then it is onto numerous matters that stand out in the absolute scandal that is Celadon Pharmaceuticals (CEL), matters I tie into other corporate failures including Deepverge and Inland Homes.
   
   
3. TomWinnifrith Bearcast: My annual boasting contest with reader Robert is underway
   It is all about chopped wood. I explain more in the podcast before discussing gold a gold shares, notably Centamin (CEY) and Ariana (AAU),UK house prices and housebuilders after the Bellway (BWY) news, and all companies involved in the TEKcapital stable (TEK) which, like Tek itself, are utterly uninvestable and should, if possible, always be shorted.
   
   
4. Tom Winnifrith bearcast: these folks are insaneThose attending Sharestock got an email today please get back to me about supper. It is not too late to book a seat HERE.
   In today's podcast I discuss the mad shareholders in Georgina Energy (GEX),Kefi Gold & Copper (KEFI) and Distil (DIS).
   
   
5. Tom Winnifrith Bearcast: what sort of man does not admire another man's wood shed and 2 obvious shorts
   I start with guests from Bristol and their curious ways. Then I discuss Red Rock Resources (RRR), Cirata (CRTA), Novacyt (NCYT) and Sharestock where 85 folks will now gather on the lawn but its not too late to join us by booking HERE
   
   
6. Tom Winnifrith Bearcast: Now Georgina shareholders bring my dad back from the dead
   These folks are mad as you can see below. Any company with a shareholder list this batshit crazy is a slam dunk sell. I have an urgent message about Sharestock for ticket holders.I discuss Distil (DIS), ITM Power (ITM) and Aretemis Resources (ARV).
   
   
7. Tom Winnifrith bonus bearcast: all the reasons NOT to buy Amaroq, a debate with a reader
   Amaroq (AMRQ) remains my largest mining holding and my second largest holding overall. If my SIPP gets any cash in and I can buy more at close to these levels I shall. But a reader thinks I am nutso and that I should be buying Kenmare (KMR) instead. I rebut his points one by one. 
   
   
8. Tom Winnifrith Bonus Bearcast: the Argent Pharma investment disaster scandal
   Told y'all. As the company announces an ASX delisting I review the red flags and the regulatory failures surrounding Argent (RGT). I also lament the pandering with taxpayers cash to the greedy bastards of ASLEF. We do not live in a just or equitable world do we?