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Piers Linney of Dragons Den – another business failure unearthed & his PLC record in focus as shares in Outsourcery Slump

Tom Winnifrith
Tuesday 29 July 2014

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.

on ShareProphets | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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