2736 days ago
This website has pointed out that AIM listed IGAS has been a slam dunk sell for more than two years but for a good few months as it warned that it would breach covenants on its bonds any moron could see that the writing was on the wall. Except loyal house broker Cannacord, shamed over the Quindell fraud, its research on this has been laughable. It shows that a buy note from a house broker, especially one as shoddy as Cannacord, is just worthless. You will remember how Canaccord fired heroic Kevin Ashton, the world's number 1 tech analyst, when he refused to write a buy note on the Quindell fraud.
2996 days ago
I start with an analysis of how David Lenigas and his gophers Hamish Harris and Donnie Strang have managed to spunk £1.4 million of the £1.55 million they had to play with at Polemos (PLMO) in three and a bit years and why after today's placing this is still a POS with the toxix Jabba The Hutt odour all around it. Then it is onto LGO Energy (TOAST) and its latest disaster. Then I move onto Leed Resources (LDP), Motive TV (MTV), Golden Saint Resources (GSR) and Canaccord (CF). One suspects the great analyst Saint Kevin of Ashton loved its disastrous numbers today as the banksters had a hot date with karma. This podcast contains strong language. Lenigas is one four letter word but there are many others.
3425 days ago
IGAS CEO Andrew “piggy” Austin still has not come clean on his shoddy Equities First Holdings LLC loan/share sale deal – FFS at what price is your margin call piggy? But that is the least of his woes. I reckon that the shares are worth 20p at best (see HERE) but now even his own house broker Canaccord ( yes those mothers of Quenron fame) is flagging up a potential gaping balance sheet issue.
In a note out today Canaccord values the stock at 125p on the basis of a $90 oil price. Wakey wakey mothers Brent is trading at $65 so given the massive operational gearing your research is just bog roll. Why don’t you bring back Kevin Ashton as head of research to get the moneys you employ as analysts to produce something worthwhile? But buried down the note is a section on oil prices.
3449 days ago
Rob Terry you are a liar, a fraudster and now I also accuse you of insider dealing. I shall not rest until you go to prison you low life vermin criminal. For today we discovered that you and your FD Laurence Moorse and NED Steve Scott sold vast numbers of Quindell shares while withholding price sensitive information – that Canaccord, your joint broker and sponsor of your failed main market listing application had quit.
The rats at Canaccord told Quindell they were quitting on 21st October giving one month’s notice. Quindell has today brought forward that departure date to immediately. Or rather I suspect Canaccord has done its maths and demanded to go at once.
3561 days ago
How much revenue will Quindell book for Industrial Deafness work this year? And how much cash will it earn. The answer according to its own house broker Canaccord is £228.4 million (well over 25% of group sales) and er….zippo. This begs incredibly serious questions about the revenue recognition policies of Quindell in this new, Quindell untested, area.
The Canaccord note – which you can view here until we give into Canaccord bullying and take it down – covers this issue on page 25. Its historic and forecast numbers are on a quarterly basis summarised below
