Wednesday September 17, 2014


This time it really WAS a snake encountered at the Greek Hovel
Video Postcard #80, snakes, frigana and falling in love with Kambos issue
Picture article: The summer draws to a close, grapes give way to prickly pears at the Greek Hovel

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Avanti Communications – Contract win: puff, puff, huff, puff – sell target is 100p

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Drowning in debt Avanti Communications (AVN) needs to get both another bond issue and an equity issue away in the next year to keep going. It has just issued a profits warning. Its accounts in recent years have raised almost as many red flags as Arthur Scargill and so what to do? Yes…announce another contract win.

And so the PR spin goes. Avanti has announced

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Westminster Group Insider Dealing ahead of Placing – why are the City Spivs allowed to get away with it?

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Westminster Group (WSG) last Thursday decided to raise just over £1 million in a placing for reasons I understand and believe to make sense. When the calls from its broker SP Angel started to be made the share price was 50p in the middle. That was late Thursday afternoon.

Between 10 am and 11 am on Friday the mid-price fell – on no RNS – to 46p. Perhaps it was just a coincidence? Oh is that the tooth fairy I see dancing in the corner with Father Christmas?

Let us be clear here. Some folks were told about the placing because they were invited to take part and either sold shares themselves or got others to sell shares at 49p and downwards. They did this in the explicit knowledge that they could buy the stock back at a lower level in the placing and of course that selling pushed the price at which the placing too place down, to 40p.

This is insider dealing. 

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Today’s Death Threat on Twitter for Tom Winnifrith

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nother day at the office and another cheery missive from a Quindell (QPP) shareholder who is a member of the #QPPSAG – check out the twitter feed of James Beckwith. 

James tweets: 

James lives in Basingstoke and has a lovely girlfriend Sarah Connor

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Some hateful and vile twitter comments from deluded western liberals because #IstandwithIsrael

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Heck I believe in free speech but I do rather worry about the sheer stupidity of some of those who support Hamas, an organisation whose charter calls for Israelis to be swept into the sea. But I the West liberal opinion is pretty much behind Hamas which allow folks to spout such twitter comments as these:

Tracy ‏@BSfromPS  32m

Ok, Winnie, whatever you say.  Shouldn't you be out killing innocent children about now? @TomWinnifrith @oc_f1fan @DreyfusJames

Sir Jack Splatt ‏@JacksplattJack  15m

@mrD80385887 Maybe Jews need to understand us, we have had enough of their bullshit, understand? @BSfromPS @TomWinnifrith @oc_f1fan

Back to Tracy responding to a tweet from someone other than me about why she hides her face on twitter..

Tracy ‏@BSfromPS  22m

BUT, Winnifred, I would hide MINE if I were you. You look like a child predator. @DreyfusJames @TomWinnifrith @oc_f1fan

And best of all

Chris Erion @oc_f1fan  ·  28m

@TomWinnifrith The IDF has committed more evil crimes than the Nazis ever did or could.


I rest my case.

Comments

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Westminster Group an Open Letter to SP Angel…are you on the side of the Angels? PROVE IT!

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Earlier today I flagged the blatant insider dealing taking place ahead of the Westminster Group (WSG) placing announced yesterday. I have written to the broker to the issue SP Angel calling on it to take firm action to catch the City criminals involved. The letter follows.

Dear Sirs.

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Naibu – Comedy RNS, Tragedy awaits – sell at 51.5p – target price 1p

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A Trading statement from China based AIM Cesspit POS Naibu (NBU) today is sheer comedy genius. The shares are off again at 51.5p and I am now minded to revisit my 1p target price as I am being generous.

This is the company where the CEO lent his mum a seven figure sum  - cash that belonged to the company – to buy a property. The deal fell through but she is not bothering to repay. When all its peers suffered falling sales and margin compression, Naibu reported numbers that bucked the trend. Its reported numbers in terms of margin are off the scale. It had had six auditors in six years. 

At its AGM, CEO Lin failed to appear citing problems with his visa. Bollocks.  I was there

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FCA Hushes Up Reasons why Quindell did not get premium listing but read the reasons…Ooooh er missus

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As I expected the FCA has today rejected my Freedom of Information Request to discover why Quindell failed to make it off the AIM Cesspit and onto the main market. But look at its reasoning. Ooooh er missus…

The letter from the FCA Reads:

Freedom of Information: Right to know request

We refer to your request under the Freedom of Information Act 2000 (“the Act”), for information as follows :

“… ALL the reasons for the failed application and hereby under FOI request that you publish or send to me a full copy of the UKLA rejection letter sent to Quindell PLC on or about 11th June 2014”

Your request has now been considered.

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Baroness Warsi – Good Riddance you are a thieving and stupid apologist for murderers

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Baroness Warsi has quit the Government so she can make more outrageous remarks about Israel. Good riddance. As someone married to a talented and hard-working Asian female who has been promoted solely on merit and not stolen taxpayers cash I have nothing but contempt for this hideous creature who has risen up the greasy pile thanks to nothing other than Call Me Dave’s desire to “reach out”

In 2012 she was cleared of fiddling her expenses. She had claimed cash for staying in a house when she did not actually pay any rent. Er… so that is okay then if you’re a politician. I call it stealing cash from the taxpayer. She should have been out on her ear then.

As for Israel, I bring you this Warsi quote from 2006. How 100% wrong can anyone be?

I think what's happened in the Middle East with the election of Hamas is actually an opportunity

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Quindell – A Question, an Answer and a Cut in Target Price to 1p

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Today’s shock news about the RAC has sent Quindell (QPP) shares diving – they are now at 180p. The whole thing stinks. You can read my initial take HERE. But I now move on.

Quindell had stated that as of July it would be installing 50,000 black boxes with the RAC a month. By the time of its 14 July trading statement it must have known that the number installed was then NIL and would be NIL in July. Yet it did not inform investors. That is a clear breach of AIM rules.

The number is still NIL because

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