Saturday August 23, 2014


Weekly Video Postcard (#46 financial, #76 non-financial) – Free Speech & Frigana Edition
Hamas supporters in UK try to get pro-Israel tweeter fired by blackmailing employer
Fat is NOT a feminist issue – I bore my guest and you all again on the subject of loose trousers

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

, , ,

It is sometimes prudent to place shares – do not always bash the boss: ref Leni Gas & Oil

Share this article with your comrades in revolutionary capitalism

I do not follow Leni Gas & Oil (LGO) but I note that it got the Bulletin Boards buzzing last week. It announced a big acquisition and the next day a placing. This outraged some commentators. I think wrongly.

If a company places shares in a way that patently dilutes shareholders that is wrong, especially if the stock just goes to flippers or to “mates.” If a company says it is not issuing shares and then does that is also wrong and arguably Leni Gas sailed a little close to the wind on that secondary count as Ben Turney flagged up HERE

However

Read the full article on ShareProphets | Comments

, , , , ,

Quindell and ALL the reasons for the failure to make it to the Main Market – FOI Update & questions on share sales despite lockins?

Share this article with your comrades in revolutionary capitalism

Quindell (QPP) has steadfastly refused to give ALL of the reasons why the UKLA refused to allow it to move off the AIM Cesspit – where it belongs – and onto the main market. It cited one clause of the listing rules as being “particularly” to blame but will just not say what all the reasons were. And so I submitted a Freedom of Information request to the FCA weeks ago. That was acknowledged then in a standard way.

I had expected this to be rejected but lo and behold I have just received an update email stating that it is “being considered” and apologising for delay but stating that I would get a decision “shortly.” I still expect a rejection in the end but there must now be a chance that I shall soon be publishing the reasons for the rejection in full. Oh goodie goodie…that will be fun.

Meanwhile 

Read the full article on ShareProphets | Comments

, , , ,

The ShareProphets top 10 Stocks to Short – Reader Poll on next to Slump Results

Share this article with your comrades in revolutionary capitalism

Two weeks ago Evil Knievil, Matt Earl, Lucian Miers and I served up our top ten stocks to short this summer and why – HERE. Avanti Communications (AVN) has already done the decent thing and issued a profits warning. We asked our readers at the weekend to vote on which of the ten would be next And the results are:

 
Read the full article on ShareProphets | Comments

, ,

ReThink – Dead Money for Investors: Cash Cow for Management

Share this article with your comrades in revolutionary capitalism

When a company bucks an industry trend in a commodity market upwards it is probably lying. If it bucks it downwards it is probably a crap company, dead money for investors and that brings me to ReThink Group (RTG).

The recruitment industry is having a great time. Look at numbers from quality players such as Interquest (ITQ) and that is plain to see. ReThink is not a quality player.

Yesterday

Read the full article on ShareProphets | Comments

, , , , , ,

Victoria Oil & Gas Kevin Foo video - understanding why bear raider Evil Knievil is buying greedily

Share this article with your comrades in revolutionary capitalism

Famed bear raider Evil Knievil has been greedily buying more shares in AIM listed Victoria Oil & Gas (VOG) in recent days. Greed and Evil are two words that are often found together. To understand why Evil is buying have a look at this video of CEO Kevin Foo presenting at the UK Investor show a couple of months ago.

Read the full article on ShareProphets | Comments

, , ,

You Might not want to think about this…nudity at the Greek Hovel

Share this article with your comrades in revolutionary capitalism

Hitherto I have showered at the Greek Hovel – that is to say stood under a hosepipe perched on my vine trellis – wearing my increasingly loose red swimming trunks. It was I suppose an effort to preserve modesty.

But as I stripped off today following my run and about an hour of manual labour it struck me that my shower is more or less obscured by trees at the edge of the garden and by the olive groves. The nearest house (the monastery) is at least a mile and a half away and so unless the one monk there is sitting with binoculars that can see through trees I can do or wear what I want.

I do not think that I will be going in for public displays of nudity on the sort of beaches where that happens. Apart from anything else, having sat naked on the snake veranda trying to get a bit of a tan, I am still conscious that my tummy is rather too large for me to want to show it to anyone else and that by bum is also a bit too big.

But given the drawbacks of living in the middle of nowhere, one advantage is not having to worry about what you wear or indeed if you are wearing anything at all.

Comments

, , , , , ,

PLCs that are Good Investments Do not issue an RNS at 5.52 PM

Share this article with your comrades in revolutionary capitalism

US Oil & Gas (USOP) once issued an RNS at 10 PM on a Friday – that Liam Mcgrattan is a comic genius. But he serves to demonstrate a valid point: if a company starts issuing RNS statements well after 4.30 PM this is a red flag that you should not be invested. Not a reason on its own but the sort of red flag that catches the eye.

The charitable explanation for an RNS issued at “no-one is watching O’Clock” is that the company is very badly run and just cannot communicate effectively with investors. Okay, that is not a hanging offence but it hardly inspires confidence does it?

Read the full article on ShareProphets | Comments

, ,

Northern Petroleum UK asset sale at give-away price – just how bad is its cash position?

Share this article with your comrades in revolutionary capitalism

I noted here the other day that Northern Petroleum (NOP) is heading for a cash call. Today it has announced the sale of its UK assets for £1.5 million to UK Oil & Gas (UKOG). It’s a great deal for UK Oil & Gas but it tells you that Northern needs cash. Fast.

Read the full article on ShareProphets | Comments

, , , , , , , , , , ,

Quindell & Industrial Deafness – how the “industry” works and why that means Quindell’s numbers do not add up

Share this article with your comrades in revolutionary capitalism

In 2014 Quindell (QPP) will book revenue of £228 million (28% of group sales) from Industrial Deafness claims where it will generate not a cent of cash. Those revenues are based on the estimates provided by Mr 2+2 Can =5 Rob Terry and his fellow directors and will ensure Quindell hits EPS forecasts. But anyone looking at this industry must recognise that Terry is bullshitting. Here’s why. Meet The Hearing Clinic.

The Quindell assumption is that as of June it will do 6,000 cases a month. It assumes it will them all. And that it will earn £9,000 per case. Assuming a 15 month average conclusion (the industry average is 20-36 months) it is booking £6500 of revenue for EVERY case taken on within 12 months.

Last year there were less than 20,000 successful cases in the whole of the UK. That number has been static (actually falling a bit) for a while. There were however 60,000 failed cases as ambulance chasers moved into this area from whiplash.

That should tell you that Quindell has not got a hope in hell of generating 72,000 winning cases a year.

So where are the new claims coming from? 

Read the full article on ShareProphets | Comments

, , , , , , , ,

Phorm – why won’t you tell the truth about Brazil – you crony capitalist bastards?

Share this article with your comrades in revolutionary capitalism

As I have noted before Phorm is now weeks (3 weeks I make it) from going tits up having sent $340 million of OTHER PEOPLE’s MONEY to money heaven and blown £10 million since March alone. As it tries to raise fresh equity it is still lying to investors about what went wrong in Brazil and Romania and City firms Mirabaud and Strand Hanson are complicit in this.  Yes I used the word lying. Will Phorm please sue me I want to see you in court? You are liars. Liars. Pants on fire. Geddit? And Mirabaud, long term broker to Phorm you appear not to give a flying fuck about integrity as long as you get your commission. How do you sleep at night you greedy and unpleasant dirtbags? Any PLC retaining Mirabaud as its broker or Nomad should be aware that it is in bed with a disease ridden hooker.

I have pointed out numerous times how Phorm has misled investors 

Read the full article on ShareProphets | Comments

Older »

Register here for The Tomograph
Tom's newsletter with original articles and a free share tip of the week, not found on this website.

Video postcard from Tom

Weekly video postcard - Ukraine, blowback, UKIP and the Euros