This is a truly brilliant spreadsheet from Paul Scott, the person I rate as the UK’s top share blogger and an all-round nice guy to boot. In saying all round this is not a reference to his figure although…. Paul does not write for this site and is fiercely independent in his views but he has graciously allowed me to publish this anyway. And so especially for followers of Quindell (QPP), Globo (GBO), Outsourcery (OUT) and a good few others…
Over the weekend I revealed HERE the string of business trainwecks that are the real career of Dragons Den new boy Piers Linney. I also flagged that his AIM listed Outsourcery (OUT) was in dire straits and its shares have slumped from 34p on Friday to 25.5p ( and falling) today as the possibility that it could go tits up looms ever larger – as I flag HERE.
Outsourcery is burning cash, has missed all its sales targets and cash and trade receivables minus debt and trade payables is already almost certainly negative. Piers promises us a statement by the end of the month. Tick Tock. You can read full details HERE but I’d rather drink a pint of Ebola virus than buy the shares. They are a sell – target price 1p.
But a City contact has now pointed me towards another venture of Piers which ended in the usual Linney outcome.
The Bulletin Boards are frothing, AIM listed Sound Oil (SOU) seems to be the latest private investor darling. But is it all froth or is the shares really very cheap? Judge for yourself by waching this video of Luca Madeddu presenting at the UK Investor Show
The Real Man year-end is just five weeks away. We are a private company and so it makes not a blind bit of difference to us. Sure we have to fill in a few forms which we will do. But does it impact on our behaviour? Not in the slightest. How different life is at a PLC where what is termed "window dressing" takes place. What odd things it makes folks do.
K3 Business Technology (KBT) yesterday announced a £0.61 million “strategic infill” acquisition of Retail Technology Ltd, a ‘Microsoft Dynamics’-based electronic point of sale provider to smaller retailers. That is more good news for a share where we are already 45% ahead on our tip – there is more to come.
Not being a bottom-line worrying member of the private sector, but a branch of the State, the FCA/FSA has a pretty dismal track record when it comes to sensible resource allocation as it is. Just do a google search for Christmas parties, payoffs for failure, average wages, etc. and you will see that this body is just as wasteful as other branches of Government. Give it an extra £100 and it will piss away most of it.
I am sorry for the delay in sending this over. Challenges? Dealing with Greece’s OTE. I pay the bastards for internet access, my account at the hovel shows I have credit but ….er OTE will not let me use it. Bastards. So I took the afternoon off.
The video is really about the challenges I face here at the Greek Hovel. Aged 46 I have done sod all carpentry since gaining 27% and coming 127/127 in the U4th woodwork exam. I have never ridden a bike. Never barricaded a room against rats, dealt with snakes, showered with a hosepipe, coped with living in a land where I don’t speak the language, the list goes on and on.
But I am enjoying he challenges while getting on with my working life. I also cover the fact that many of the liberal idiots who support Hamas appear to have no knowledge of the history of the region.
PS Having watched this you are now meant to email me and congratulate me on the weight loss!
Doriemus (DOR) became an oil company via a RTO of AIM listed TEP Exchange. On Friday it was announced that the TEP business is to be sold to managers for £1. My friend Brokerman Dan (Dan Levi) reckons this is a gross cheek and says he is bidding £1000.
Dan is right about most things. On the matter of Middle East politics he stands firmly with Hamas whose formal charter talks of sweeping the Jews into the sea and which last week described Jews as cockroaches. He is profoundly wrong on that matter as I explain HERE. He is also wrong on Doriemus and the sale but on pretty much everything else he is correct. And I should say that the self appointed spokesman for hs fellow Manchester slum dwellers is generally a thoroughly good chap.
Brian Toye runs a listed company Toye & Co (TOYE) and has now made a 35p a share offer to buy out his fellow stockholders. The offer is disgracefully low – a 30% discount to the share price and a 70% discount to the last NAV. The manner of the offer also begs a stack of questions as to whether rules have been followed. The NEDs said No. But it will go through unless regulators intervene. This is disgraceful crony capitalism and POS Brian Toye has serious questions to answer.
One shareholder has now contacted Mr Toye, his advisors and the Takeover Panel asking for an investigation. Let’s see what happen. His letter is below. And it will horrify you.