Saturday February 06, 2016
Are all Northerners, fat, stupid and expecting the State to wipe their arses?
Kylie Morris of Channel 4 News you are a patronising and silly woman - ref Donald Trump
My School Report from 1978, not terribly impressive

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Are all Northerners, fat, stupid and expecting the State to wipe their arses?

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The BBC's Question Time was from Bradford last night and my heart sank as I looked out an audience comprised largely of fat people who pretty ssoon showed that they were also - almost to a person - just plain stupid. It was all too predictable what followed as a questionner asked whether George Osborne's pre-election talk about a Northern Powerhouse was just vote grabbing waffle.

A silly Labour MP said how some Government department had just been moved from Sheffield to the South and asked how this would help the Northern Powerhouse. The audience lapped it up. Shuffling desks in the great State apparatus has nothing to do with creating wealth and prosperity but that was a point no-one in the room seemed to appreciate. 

A woman in the audience who appeared to have an almost negative IQ and thus boasted that she worked in local Government talked of savage cuts in her employer's budget and austerity and the rest of the audience wet themselves with joy.

The odious careerist Amber Rudd for the Tories talked about investing in trains in Manchester & Liverpool but that seemed only to irk the audience from the other side of the pennines even more. One assumes that Ms Rudd, like myself

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Tom Winnifrith Bearcast 4 Feb - Accept it: facts change and what to make of Plethora

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Warning: perhaps it is best not to play this podcast in front of the kids. On the agenda today I remember when Evil Knievil was a 3Dimmer - good investors accept that facts change, I note this in reference to MX Oil (MXO). I also discuss the folly of leaping to conclusions with reference to Falanx (FLX) and cover DQ Entertainment (DQE) and why Nomads are so skittish these days. Then it is on to Imaginatik (IMTK) and my old sparring partner the fraudster Rob Terry before I end up with a discussion of spraying ones todger and what to make of the situation at Plethora (PLE), the baby of my old friend Jim Mellon

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MX Oil - tax question answered - this is good news: speculative buy

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I suspect some MX Oil (MXO) shareholders might be surprised to hear this but I have good news for you. Ther historic losses of the PLC in the days before it was MX Oil CAN be carried forward and that means there will be no tax paid on the disposal of Aje. This is good news.

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Tom Winnifrith Bonus Bearcast: Avanti Interims are a turd however they are polished - this could go to 0p

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Uber Welsh king of the bombasts, David Williams of Avanti Communications (AVN) tries his best to polish the turd which are interim results out today. But look behind the headlines and the key metrics are dreadful. Look at the yield to maturity on the bonds. The shares could well go to 0p and sooner than most folks think as I explain in this special podcast.

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Questions for Jan Nelson of Xtract Resources - bearcast special interview TOMORROW afternoon

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Update: Technology did not permit . I am on the case and we record at 2 PM GMT Friday. I will then record an interview with Jan Nelson of Xtract Resources (XTR) . I will endeavour to have it up and live by 3 PM Friday. At the risk of sounding like Comrade Jeremy Corbyn...

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Afriag and the Real Reason it is to quit AIM

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When announcing that it was to quit AIM and go to the ISDX lobster pot, David Lenigas creation Afriag (AFRI) served up all sorts of horseshit to justify the move (see HERE). But it was horeshit (should that be horseshit or is horeshit more appropriate?) and the real reason is...

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Blenheim in denial as African Eagle goes bust - interim NAV was in fact almost zero

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Oh dear. African Eagle has been put into administration in a move akin to pulling the plug on a life support machine for a car crash victim who has been in a coma for three years. Shite AIM investment company Blemheim Natural Resources (BNR) owned 11.4% of Eagle and is in denial.

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Tom Winnifrith Bonus Bearcast - China Norfolk Aquatic Foods Red Flag special

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Aquatic Foods (AFG) has been on the AIM Casino for exactly one year but its shares have slumped from 70p to 15p bid. The FD walked the plank today and surely Nomad SP Angel which raised £9.3 million for this POS 12 months ago must realise that the end is nigh. In this podcast I look at the numerous red flags. This one is going down.

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Lenigas Cuba - three investors now have cases with Financial Ombudsman re 2p placing scam

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Yes one of the three is Brokerman Dan. Some of you may not feel the greatest of sympathy for him but when he and others ponied up a total of £4.2 million at 2p for what they were told was "seed financing" for Lenigas Cuba (CUBA) they were not told that at the same time David Lenigas and two pals were getting more than 50% of the equity in this POS at just 0.01p. That funding was the seed capital and Levi and others were fleeced.

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