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Tom Winnifrith Bearcast No2: Belluscura issues dire warning but did it lie to investors in the recent placing?

By Tom Winnifrith | Tuesday 8 April 2025


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.


Guidance has been withdrawn. Thr Trump tariffs are going to whack Belluscura (BELL) and I expect it to go bust. But there is a bigger question: did the company lie to investors in the recent placing. One chap I have known for decades says it gave an explicit response to his question on the tariff threat which was a total porky and he is spitting nails. 
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