Sunday December 21, 2014
What sort of country do we live in? UKIP, immigration & poison
Reasons to divorce the Mrs – Giving money to Simon bloody Cowell of X-Factor
Weekly Video Postcard #94 - Christmas & why West Ham needs to send me to Greece (urgent plea) edition

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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The ShareProphets Christmas share tips, exposes & specials: programming revealed

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The BBC has already published its Christmas programme schedule and it appears to be 70% repeats. ShareProphets is being rather more daring and will be producing novel content and so, for you, here is a sneak preview of what is in store, it is tips, drama and exposes all round.

Starting with the share tips. I shall publish my macro predictions for 2015 on Christmas Day and from Boxing Day until January 4 will serve up a 2015 tip of the year (mostly longs but some shorts) once a day.

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What sort of country do we live in? UKIP, immigration & poison

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A UKIP voter tweeted out a UKIP image suggesting that immigration causes, among other things, crime. I disagree. There is not a causal connection per se between all immigration and increased crime in the UK. And so I challenged this thesis.

I now face a volley of abuse from UKIP tweeters. Apparently I am a “leftard”. Hmmm… the various libertarians with whom I discuss shrinking the state in a way that deficit denying UKIP – happily announcing a raft of new spending pledges all paid for by the cost savings from leaving the EU – will be surprised to hear that I am “leftard”.

I support immigration because it makes Britain richer and it makes it more diverse. I am partly descended from Irish immigrants and my wife’s parents came here from India. Had UKIP been in charge sixty years ago, the parents-in-law would not have been able to pay taxes here for fifty years supporting the NHS (as a doctor) and small businesses as an accountant.

We can debate the economics of immigration all day. To assert that immigration causes crime and that anyone who disagrees is a “leftard” may win UKIP some votes.  But it is sort of poison that means that, even though I am dyed in the wool Eurosceptic, it will never gain my support.

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Quindell – What will the PWC Report say? A sneak preview..

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I am asked by a reader to speculate on what the PWC Report into Quindell (QPP) will say? I guess that the bean counters are almost done by now so IMHO here is what to expect.

First up PWC will look at accruals, largely for industrial deafness. That income is not coming in as expected – hence the statement about Q4 cashflows.  At the H1 stage accruals were in at £308 million and that number would have risen in Q3 and I suspect that in a kitchen sink job as this will be it will all be written off. So let’s call that a £350 million write-down.

Trade receivables

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Beacon Hill Resources – tell us about the hairdresser Mr Farr Jones?

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Shares in Beacon Hill Resources (BHR) are suspended now after an EGM yesterday failed to vote through resolutions allowing dilution to oblivion. The company will probably go into administration. But now I ask Chairman Justin Farr-Jones some questions about his friend the hairdresser.

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Audioboom stops hitting a man in the crowd and responds to Bear Waz Shakoor

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You will note that the by-line on this article is mine. Just as it was on yesterday’s where I then reprinted the words of my pal Waz Shakoor. Presumably all the bears of Audioboom (BOOM) will now go attacking me too. What follows is actually a response from Audioboom CEO Rob Proctor. It is a response I asked him to pen.

I would advise my “friends” at Audioboom that penning a sensible rebuttal of an article you disagree with is how grown up companies operate. Having the CEO slag off someone who did not even write the offending words (i.e. me) by email and the COO attack my professionalism on twitter is imbecilic. It is not even playing the man not the ball, it is Cantona kicking a bloke in the crowd.

On a normal day

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Tom Winnifrith BearCast 18 December

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I am now feeling really very bruised by the  whole Audioboom saga.  Next time someone sends me an article and says "feel free to use this" I shall interpret it as "why not put this up and get slaughtered by the whole world bulls and bears and send your blood pressure through the roof. In today's BearCast I talk about ValiRX (100% vindicated not that I really care any more), Rex Bionics, Ultrasis, Mosman Oil and gas and why I am still bearish

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Quindell – Now tell us about the Gotham judgement fellows? And what about suing me?

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Back on 9 September 2014 Quenron (QPP) announced that it had defeated the brave ad heroic campaigners for truth and justice known as Gotham City Research in a libel case. Of course like everything else Quindell announced that was not exactly true but what is happening now?

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