147 days ago
I do not think that the settlement the FCA and ACD Link agreed to compensate victims of Neil Woodford is a fair and good one. I believe as the ACD which was clearly massively negligent, Link should have paid more and that somehow Woodford himself should be paying as should the FCA itself for ignoring hundreds of warnings from myself and Cynical Bear dating back to 2015. But that is neither here nor there.
152 days ago
I cannot imagine what institutions were thinking as they piled into Oxford Nanopore (ONT) at 425p in its September 2021 IPO. Maybe it was the Neil Woodford hype? The deadwood press has certainly sucked up press releases and gave it the full promote. But a valuation of £3.7 billion for a business which was a massive cash guzzler and would be for years to come was insane, as I suggested at the time.
246 days ago
The plebs do not know what they were voting for and did not understand the issues. No, not my pal the Euroloon Jonathan Price on the Brexit vote, but lawyers Harcus Parker on the FCA proposed compensation scheme for victims of Neil Woodford, which 93% of those voting have now supported.
256 days ago
The chairman of ex Neil Woodford Howler Arix Bioscience is an old Etonian, Christ Church Oxford educated toff called Peregrine Moncrieff who is also based in the tax friendly Channel Islands. And he has agreed a deal to sell Arix Bioscience to main market listed channel islands based RTW Biotech Opportunities Ltd (RTW). The deal stinks.
292 days ago
Recipients of this letter from Harcus Parker are told it is private and confidential and must not be passed on. Natch’ it has therefore found its way to me within 24 hours. It explains why those who lost money from the Equity Income Fund, mismanaged in a crooked way by disgraced Neil Woodford, should not accept the proposed payout by ACD Link. I agree with Harcus Parker for the reasons it cites below. Enjoy.
492 days ago
Disgraced ACD and enabler of the Neil Woodford scandal Link has written to victims asking for their help. Are you a patsy?
542 days ago
I start with domestic woes and legal opinion on the claims of the IRA man. In the main body of today’s podcast I look at Purplebricks (PURP) and the role of Neil Woodford and Link. I cover Microsaic (MSYS), Deepverge (DVRG), Pantheon Resources (PANR), Asimilar (ASLR), Argo Blockchain (ARB) – placing at 6p?. I also relay the thoughts of the world’s greatest living expert on musicMagpie (MMAG) and why it is doomed. If you hurry and book a seat at Sharestock – where less than a third of seats are still free - you can meet the expert, who was also a great Quindellologist – on September 23. You can book HERE
542 days ago
Oh dear, oh dear. Shares in the online estate agency Purplebrcks (PURP) once traded at more than 500p as Neil Woodford filled his boots (with other folks cash) and commentators such as the shop worker Paul Scott gushed about how disruptive the cash guzzling company that ripped off its customers by taking payment even though most properties were not sold, was going to be. Today the business, nearly all the assets (bar £5.5 million of cash) and the liabilities are being sold for just one quid to SPV Strike. What will shareholders get? If they are lucky 0.65p in Q1 2024.
548 days ago
The FCA claims that its £235 million deal with Link, the administrator of the Neil Woodford funds, secures a 77.5p in the pound return for investors. Lawyers Harcus Parker claim that is a lie and, acting for thousands of victims, says it will fight on. The private letter making this claim has fallen into our hands and we publish it in full below.
554 days ago
Neil Woodford and Thirsty Paul Scott took the knee at the disruptive potential of online estate agent Purplebricks (PURP). In latter years the deadwood press blew smoke up the arses of the CEO and CFO as they were both women. Girl Power! More ESG vicar? Of course, the numbers never stacked up and the fundamental business offering was dire so shareholders and customers both got screwed. Those of us who do actually look at how a business runs and at hard numbers may be sexist old dinosaurs for doing so but we have another win. Today’s fess up from the birds in charge is grim.
580 days ago
The FCA yesterday announced that subject to investors in Neil Woodford’s Equity Income Fund agreeing and to ACD Link making planned disposals then in due course punters would be receiving £235 million in compensation. That will claw back some of the losses folks suffered and I am sure that investors will welcome the news and support the package. But, the real villains are still sitting on £100 million of ill gotten gains.
656 days ago
I start with NatWest closing down a bank branch (quite rightly) and what the fuss made by MPs etc says about the doomed UK. Then I look at Predator (PRD) and others ramping for survival, a chance for bears not bulls. Finally a long look at Schroder UK Public Private Trust (SUPP), formerly WPCT, past present and future.
765 days ago
Eve Sleep (EVE) floated on AIM in May 2017 just two years after it started trading. It brought in Paul Pindar which had listed Purplebricks (PURP) the disruptor – no sniggering at the back – of estate agencies to help disrupt the world of mattresses which also needed disrupting. And Neil Woodford, whose funds owned 18% after an IPO which raised £32.8 million, was not the only fund manager who was made to look like a fool. Here is Luke Hakes of Octopus writing just after the IPO:
767 days ago
The Mail on Sunday’s Jeff Prestridge has a scoop. There is a class action being launched against Hargreaves Lansdown (HL) for telling customers to buy Woodford funds when it was already aware that there were problems so bad that its own funds of funds were selling Woodford units. Good news. All those who stuffed folks into Woodfgord and ignored warnings that we started flagging up in 2015 should be held accountable. So who else was a massive Woodford supporter from 2015 until the funds were gated in 2019, even saying there was nothing to worry about the day BEFORE the gating? Er…
783 days ago
Normally I am envious of Robert, today I am not. On that note and now with the blessing of Aunt L, I tear, once again, into Colin Bird and Tiger Resources (TIR) after interims from Bezant Resources (BZT), then onto a shocker from Chill Brands (CHLL) and finally a laugh at former Neil Woodford dog Xeros (XSG) which is still spunking half a Bernie a month seeking to revolutionise the world of washing machines. Versarien (VRS) also gets a mention as I increase my forecasts of cashburn.
785 days ago
My Aunt Lucy ticked me off this morning for writing nasty things about folks. She wants me to be nicer to EVERYONE even folks like Colin Bird and Neill Ricketts. Hmmmmmmmmmm. In today’s podcast I look at Versarien (VRS), musicMagpie (MMAG), Saga (SAGA) and in detail at Tiger Royalties & Investments (TIR), Birds’s collapsing house of related party cards.
795 days ago
I have suggested several times that Cathie Wood is the next Neil Woodford, a high profile blow up, most noticeably HERE. Her latest tweet outburts, below, sounds almost bearish but also nonsensical. Is she getting her excuse for failure in early or just losing the plot?
814 days ago
In today’s podcast I discuss today’s breaking news on disgraced Neil Woodford’s comeback and the scandalous deception Nanosynth (NNN) has attempted . Then it is on to UK and US house prices, that Moody’s forecast and related matters. Then Revolution Beauty (REVB) and Oxford Cannibanoid (OCTP) - as tipped by naughty Bethany Garner of Forbes who really should have her bottom spanked for her antics.
814 days ago
You might think that disgraced fund manager Neil Woodford and his business partner Craig Newman would want to lie low with their ill gotten tens of millions until the FCA enquiry into them was concluded. But perhaps you cannot keep a good man down.
847 days ago
Dramatis Personae: The Mail on Sunday, a low grade rag whose financial pages ramp any scam going in return for scoops ( see Neil Woodford), Ben Harrington, a “journalist” close to fraudsters like Rob Terry and other colourful characters who will publish stories that suit the fraudsters and colourful characters which may or may not be true, Audioboom (BOOM) a grossly overvalued and overhyped tech play – see HERE – and Robert Bonnier a speculator whose share dealings have been a source of controversy for 23 years (see HERE). Today Audioboom served up shocking news.
850 days ago
In its latest letter to those conned by Neil Woodford which is strictly priovate and confidential sdo I have published in full below, law firm Harcus Parker explians how things are now hotting up with more than a thousand claims now submitted, what its case is and what wreteched defence Link is trying to use. As this heads towards court it seems that Neil Woodford’s threatened comeback is stalling. I can’t think why! Link may be the defendent but it is Woodford’s skulduggery, deceipt and incompetence which will be exposed in Court. Enjoy.
878 days ago
I start with the garden, before explaining why I am driving all the way to Greece – my rational decision is a canary in the coal mine of global inflation. I defend Neil Woodford against a low-grade Sunday Times journalist, with reference to 4D Pharma (DDDD). Then, I look at bonkers house prices and when the tears will start.
897 days ago
It is just five days to Rogue Bloggers for Woodlarks and we are at just under 33% of our target so can the 93% of listeners yet to donate please do so HERE. In today’s podcast I cover the quarter of a billion quid blown, largely by Neil Woodford, at Rutherford (RUTH) and how that made Woodford,personally, even richer. I name and shame a couple of those who enabled that scam. I look at Wildcat Petroleum (WCAT), Guild ESports (GILD) and Cellular Goods (CBX) and the piss poor Times’ idea of breaking news, I mention Optibiotix (OPTI),look at Eve (EVE) which seems to be a zero to me, at spineless and busted Cineworld (CINE) and in detail at ADVFN (AFN) and its woes.
899 days ago
I discuss Manchester vs Geneva airport and why you should not believe everything you read in the Daily Mail. In a week’s time I will be, I hope, three quarters of the way through Rogue Bloggers for Woodlarks. If you are among the 93%of listeners yet to donate please do so HERE. Then I look at Neil Woodford and Harcus Parker finally filing its claim against ACD Link. Finally it is Versarien (VRS)
912 days ago
Though some bien pensants like Neil Woodford and top share blogger Paul Scott insisted that Purplebricks (PURP) was a long-term disruptor of the word of Estate Agencies. The reality was that it was a piss poor way to sell houses and a company that could only survive in a fizzingly hot housing market. Well guess what?
914 days ago
I start with the cows, my red face and pain. Read all about it HERE and then urge you to leave the 95% and make a donation to Rogue Bloggers for Woodlarks HERE. Then I discuss Hargreaves Lansdown (HL.), Neil Woodford and whining underperforming fund manager Nick Train of Lindsell Train
957 days ago
I start with football and a question from last night’s West Ham game about how society now views crime and criminals. Then onto the lessons from the collapse of Sensyne (SENS), the bastard child of Neil Woodford and sleazy Lord Drayson. I look at Canadian Overseas Petroleum (COPL) and at Bidstack (BIDS) as well as at Angus Energy (ANGS) and Sound Oil (SOU). Finally the odd case of NFT Investments (NFT) and the Bixby/Edwards/ Frangos/Storey/Peter Wall gang.
962 days ago
As you know I got disinvited from speaking at the TTF symposium taking place today which aims to discover what went wrong with Neil Woodford and how to stop it happening again. As the one journalist who did expose Woodford from 2015 onwards, one point I wanted to make was that the corruption of the deadwood press as an enabler of fraud was an issue but that was going to make the chap from the FT a bit cross. So here below, is an article from the FT in December 2017 for the establishment arse lickers at the TTF to consider. You will see it is branded as among “FT’s personal finance highlights of 2017.”
962 days ago
Of course certain folks* do not want to learn all the lessons of Woodford so that it never happens again as that might threaten the grievance industry gravy train on which they ride. One lesson is that the press only start calling out bad actors in financial services when it is too late. Before then, they promote the bad actors for the mainstream media are bad actors themselves. The next Neil Woodford, as Lucian myself and others have noted for a while, is Cathie Wood of ARK whose funds share a lot of the failings that caused Woodford to blow up and whose arrogance matches that of the disgraced Neil. But for years the deadwood press blew smoke up Cathie’s posterior just as the FT and others blew off Neil.
994 days ago
The strictly private and confidential letter was sent to the 10,000 but thanks to Winnileaks I bring it to you in full … Enjoy.
1033 days ago
In today’s Bearcast I start with Cathie Wood of Ark Invest and another sign (hat tip FP) that she is Neil Woodford on steroids and will see a mega blow up in 2022. The onto the FCA’s plan to crack down on financial promotions. My arse it will. If it was serious on this matter Gollum Gill would be in the slammer already. Then some consolation for Gary Newman with some words on Advance Energy (AVN). I comment on URU Metals (URU) and the there is Best of the Best (BOTB). Surely there must be a Steward’s intp the £60 million share dump by directors nine months ago. But are the shares now cheap?
1074 days ago
I end with a question for you. Who should feature in the Christmas carol here on ShareProphets? Past Scrooges include Chris Oil, Rob Terry, Neill Ricketts and Neil Woodford. Who should join that merry band of fine upstanding citizens? Before then I discuss a chat with a broker about placing ennui, Tungsten (TUNG), what was WPCT (SUPP) and Rutherford Health (RUTH) where we await imminent news of the bad variety.
1142 days ago
An email went out yesterday to those folks who have signed up with Harcus Parker to pursue Link over its Neil Woodford negligence. Marked Private & Confidential it is not to be forwarded to anybody. Thanks to Winnileaks I can publish it in full and do so below. It explains why the approach of Leigh Day is costly and wrong and what will happen next.
1159 days ago
Today was Joshua’s birthday party so I am pretty whacked. In the podcast I look at how we fail to tackle financial crime – just 67 arrests by the dedicated unit responsible in H1. Then to ShareSoc. Will it on Wednesday blow off Jeff Prestridge as he blew off Neil Woodford? Or will it face him down and put one of the main enablers of what went on via his yellow journalism on the spot? I suggest some questions that Cliff Weight needs to put to Mr Presstrip. Or what abut listener Steve, would such an online showdown cheer you up?
1213 days ago
Forgive the crude title or love it if you are Matthew and his dog. I could not resist. I start with a discussion of the tyranny of village facebook pages prompted by my latest spat with some villagers of Holt in Wales HERE. Then I look at Kefi (KEFI), Zoetic (ZOE), Kanobo (KNB), Supply@ME Capital (SYME), Block Energy (BLOE) and the bitcoin pump by America’s Neil Woodford and others. Ian Westbrook is now at just under £12,000 and has ten days to reach £20,000 to see the loathsome Neill Ricketts at the next stage. To call the bluff of the Versarien (VRS) bully, please donate HERE. PS Darren points out it is the 26th not the 27th. He is correct.
1259 days ago
I start with a culinary triumph for myself and Joshua, a highlight of the day. Then another: Neil Woodford and why today’s expose is so damning. Then I flag up why today’s problem for Alien Metals (UFO) is bad but nothing compared to what is going to land on this website at 8.30 AM Friday. Then onto Plutus Powergen (PPG), Verditek (VDTK), Lekoil (LEK) and Hurricane Energy (HUR).
1259 days ago
Update August 24 2021: I have now been painted as a villain for writing the article below, demonised on my village facebook group. Demonised most unjustly, I should say. That mob attempt to silence someone just telling the truth is written up here.
The most famous person in these parts, apart from my cat who starred on Panorama’s Neil Woodford special and has been receiving fan mail ever since, is Eleanor Farr, aka Miss North West Charity girl. And she wants us all to give money to help her plant trees. Her green shite maths is off this planet.
1262 days ago
Thanks to Winnileaks I have obtained an explosive document prepared by Neil Woodford in January 2018 in which he answers questions put to him by Old Mutual for whom he – at the time – managed a value fund. I publish it in full and it is explosive in part because Woodford – for once – shows a degree of honesty in what he says. And that makes it all the more damning. If the FCA can be bothered to read this it explains in a nutshell why Neil Woodford should never again be allowed to manage other folk’s cash.
1263 days ago
I start with a few thoughts on this anniversary of D-Day. For those of my age, there were links with that day. For my kids, there will not be. Then a few thoughts on Neil Woodford as more damning material comes into my possession thanks to Winnileaks.
1265 days ago
I start with my utter revulsion at Neil Woodford after today’s expose HERE - can anyone be in any doubt now that he is a truly evil and morally bankrupt individual? I end with a brief correction regarding Britain’s thirstiest share blogger. In between, I look at Rosslyn Data (RDT), Supply@ME Capital (SYME), Eurasia Mining (EUA), Kefi (Kefi) and MyHealthchecked (MHC).
1265 days ago
No doubt this will be deemed misogyny, but Cathie is one hell of a dumb bint. She is the fund manager who reckons, based on piss poor analysis, that Tesla (TSLA) is worth $3000 and it is by far the biggest holding in her Ark Fund which you can and should short aggressively. Her fund also holds shed loads of illiquid shit and so has the potential to be Neil Woodford on steroids. But here is a tweet which shows that Wood makes Woodford look like Einstein.
1265 days ago
Thanks to Winnileaks I have been sent photos from the car park at Woodford Investment Management which are truly revolting and show exactly the sort of vile individual Neil Woodford is.
1281 days ago
I start with good news on Rogue Bloggers for Woodlarks - see for yourself HERE. Then a few words about incredibly exciting work today at the Welsh Hovel. Then onto bitcoin, China and Argo Blockchain (ARB), which links to Zoetic (ZOE) which really is starting to collapse. Then onto the arrogance of the City, Neil Woodford, Andrew Monk and Hurricane Energy (HUR).
1314 days ago
I start with Neil (one L) Woodford after today’s exposes from Nigel on this website. Then it is onto Neill ( 2Ls) the loathsome Ricketts who will be sweating like a pig ahead of 8.30 AM tomorrow for reasons I explain HERE and who has blundered big time with a fascist lawyer’s letter. Today’s Woodlarks training walk was just 11 miles – a stroll – but I had to listen to daughter Olaf with her woke views for the whole of it so show sympathy and donate HERE
1314 days ago
I start with problems getting hold of my father’s estate because Link are fuckwits. Then onto Woodlarks where I make the usual request to the, now, 97.5% of you yet to donate, please do so HERE. Then a detailed look at IMC Exploration (IMC), Eurasia Mining (EUA) and Verditek (VDTK) with new evidence of its lying to investors goading me into action.
1323 days ago
Link seems to have a habit of shooting itself in the foot at the former Woodford Equity Income Fund as it prepares to defend itself against a legal onslaught from Harcus Parker on behalf of 6,500 folks whose investments were mis-managed into the ground by Neil Woodford, overseen by Link acting as authorised corporate director (ACD). Most recently, it has announced that it has invested some of the fund’s cash into a company called Mafic and the mainstream media has been having a field day as cash supposedly due to be handed out to beleaguered Woodford investors has headed in the opposite direction.
1331 days ago
I start with Boris and the blonde and what it says about double standards for the public sector ( our servants) and the private sector. My big political scoop of the day, BTW, is HERE. Then I discuss procrastinating ahead of a Woodlarks training walk. The weather is foul here in Wales but off I go, so as you listen so think of my suffering and donate HERE. Then it is onto Hargreaves Lansdowne (HL), poodle journalists, Link and Neil Woodford.
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1333 days ago
I ask you to review the following three statements from Neil Woodford poster-dog Rutherford Health (RUTH) formerly known as Proton partners and tell me why I should not view the managers as scumbags with an issue in the investor transparency department.
1342 days ago
I think last night saw more phone harassment but maybe it was just pocket calls. Anyhow, I have spent some time chatting to North Wales Police about comrade Seth Freedman and the Zoetic (ZOE) inspired menacing phone calls of last month. They are taking it seriously. In the podcast, I discuss this plus the news that Hargreaves (HL) may be sued over Neil Woodford and the myth that there is a short position in small and mid caps to be squeezed.
1349 days ago
Why does anyone still use Hargreaves Lansdowne (HL) of Neil Woodford infamy? Its latest customer screw is for shareholders in Hammerson (HMSO).
1356 days ago
Having spent the Woodford years attacking the chap who exposed disgraced fund manager Neil, while giving Mr Woodford a free pass, the organisation that claims to stand for private investors continues to mislead folks about claims against Woodford, or rather his ACD, Link.
1356 days ago
It was a liquiditry crisis that did for Neil Woodford in the end. Meeting redemptions required forced selling which cratered NAV which caused more redemptions which, however much smoke the Mail on Sunday blew up Neil’s arse, lead to an inevitable conclusion. Now I wonder if over in the USA, ARK Invest, a star of wall Street in the tech bull market, might meet a similar fate.
1357 days ago
The FCA has clearly failed investors on a serial basis over many years: Woodford, all of those mini-bond disasters not just London & Capital Finance, Quindell, the list goes on and on. So now under new CEO Nikhil Rathi there is claim that it is getting its act together. Frankly, this is woke cobblers, it is rewarding failure, it is not changing a culture of smug and holier than thou incompetence.
1364 days ago
I am off to my late father’s at Shipston in a few minutes so no more from me today. I compare now and 2000 with looks at KR1 (KR1), the bonkers new associate of Richard Poulden, Neil Woodford’s WPCT, David Lenigas and his new pot play with Afriag (AFRI), nonsense elsewhere in that sector and then the odd Coro Energy (CORO) transaction which I feel obliged, as a good citizen, to ask the HMRC to have a butcher’s at.
1370 days ago
For 20 years Jeff PressTrip built his name at the Mail on Sunday with his exclusive chats and scoops from Neil Woodford. The quid pro quo was that he blew the man off in print once a fortnight and he ensured that Mail on Sunday Readers ALL owned shares in the doomed Woodford funds. Even a day before Equity Income was gated the Mail on Sunday urged its readers to show faith. But the corrupt old bastard (PressTrip not Woodford) wishes us to forget that and today again rails against his ex-mate saying how disgraceful is his planned comeback.
1371 days ago
I must be the least well known person ever to record a podcast with the celebrated conservative journalist James Delingpole. I doubt his regular listeners will ever have heard someone count to ten in Vlach before. To say our discussions were wide ranging is an understatement. Delingpole was a great friend and ally of my late uncle Christopher Booker and we start and end with him. In between, it’s Neil Woodford, fraud fighting, the corruption of the MSM, death threats, lockdown madness, Wales madness and a disagreement on the enrichment of Ireland. And much more. You can judge for yourselves HERE.
1372 days ago
As ShareSoc attempts to push more folks mugged by Neil Woodford into backing a legal claim not yet launched by a firm that made its name suing the British Army over false allegations of brutality in Iraq, a claim that will not be launched for many months if at all, rather than one launching within weeks HERE, it is hosting an event “Neil Woodford, Reflections, Redress & Reform. Its star speaker on Reflections is not one of the three journalists who exposed Woodford with more than 1000 articles from 2015 onwards. Nope it is Captain Hindsight. His colleague, Corporal Hindsight is not attending.
1374 days ago
I thought that ShareSoc, having ceased taking direction from he who shall not be named, had at last recognised the great job shorters do in exposing frauds and overpromotes. But it seems not. Cliff Weight, a self-confessed shareholder in Burford (BUR), today makes a number of valid points on Neil Woodford’s comeback while still not admitting that ShareSoc is backing a laggardly and non battle-hardened legal claim for Neil’s victims. But it is on Burford where ShareSoc lets its mask slip. Cliff says of the FCA:
1376 days ago
This podcast is all about the Woodford scandal of today. The corruption of the Sunday Telegraph in trading a scoop for dishonest journalism and the scandal that the disgraced fund manager may be back after less than 20 months of not screwing around with other folks’ cash. Why must people like Lucy and Neil be stopped and who will stop Neil? Lucy, I fear, is destined for great things in the corrupt world of the deadwood press.
1376 days ago
Lucy Burton of the Sunday Telegraph will this morning be celebrating her scoop of the year. It may win her prizes such is the corruption of modern journalism. In a faustian deal she gets to break the news that disgraced and crooked fund manager Neil Woodford is planning a comeback. In return she publishes a blow off interview in which Woodford paints himself as the victim of what happened, tells blatent lies and those lies go unchallenged. This is not journalism it is revolting PR ands Ms Burton should be drummed out of the industry. She won’t. She will be praised and promoted. And the deadwood press wonders why it is ever less trusted and its reader numbers slide?
1377 days ago
The BBC’s Panorama recognised which journalist exposed the disgraced fund manager Neil Woodford from 2015 onwards with more than 1000 articles, podcasts and videos. When I confronted Woodford at his AGM in May 2019, he signalled me out as the journalist who had been most “wrong” about him. Within 3 weeks his funds had been gated – as I predicted. Woodford made £40 million from the venture, tens of thousands of ordinary savers lost billions. I had been right while Fleet Street blew Woodford off almost to the end. The FCA is now looking into Woodford but 20 months later the disgraced fund manager is plotting a comeback. How do we know? The Sunday Telegraph had the scoop. This is corrupt journalism that shames our profession.
1381 days ago
I start with the news that we are backing Harcus Parker to get cash back for victims of Neil Woodford. Then I look at Versarien (VRS) and its new improved face nappy, at Iconic (ICON) and the madness at NightCap (NGHT) – since when is one rented London bar (currently shut) worth £4 million? Then San Leon Energy (SLE), en passant, there is a detailed look at Symphony Environmental (SYM).
1382 days ago
As the BBC and most in the City recognise, it was this site which exposed disgraced fund manager Neil Woodford with more than 1,000 articles, podcasts and videos starting in 2015. Now we are working with law firm Harcus Parker as the outfit most likely to get redress for victims and quickly. And here is why.
1391 days ago
I start with ShareSoc backing an investor action group at bust mini bond outfit Wellseley. I warned folks explicity about this almost two years ago HERE and many times thereafter so have scant sympathy. I discuss the role of the floor shitters at the FCA in this debacle. That brings me to Supply@ME Capital (SYME) after today’s dynamite expose HERE. The email is genuine. I ask what next? Finally I discuss comments by populists seeking cheap love, such as shamed Neil Woodford promoter Jeff PressTrip of the Mail on Sunday and Nigel Farage, about GameStop. Do they both really support bubbles and capital misallocation?
1397 days ago
You member Rutherford (RUTH), the company listed on NEX, now Aquis, on a bonkers valuation with Neil Woodford opting to put cash in at a far higher price than was needed so his funds could cut their unquoted holdings and book gains on earlier investments so earning more management fees for the disgraced multi millionaire fund manager? Yes that one. It is still going but it seems to have burned its way through all of Woodford’s investors cash and some…
1440 days ago
On Joshua’s Advent calender the shepherds go to Bethlehem. That is almost true, well a bit true as I discuss. In prior years I have penned a three part Christmas carol featuring a villain of the year: Rob Terry, Neil Woodford and Chris Oil have starred. So please nominate your villain of 2020 for this year’s opus magnus below. In the podcast I discuss the IPO of Sarah Willingham’s company Nightcap on a day when most of its bars go into tier 3. She is ‘avin’ a giraffe. There are other red flags and questions to ask. Then I look at Jubilee Metals (JLP) and Bahamas Petroleum (BPC) asking if, on AIM, anyone gives a toss about the law of the land. Finally I look at Dignity (DTY) where i retain grave concerns.
1463 days ago
A reader has been contacted by Hargreaves Lansdown (HL) about what is in his acount. No not units in Neil Woodford funds bought on the advice of Hargreaves as its own funds were selling out but certain funds invested in crypto currencies. The letter reads:
1489 days ago
I did what 3 million Welsh residents could not do today and had a pub lunch. But I’ve broken the border and am back at the Welsh Hovel. I discuss my day, why I think Nigel is wrong on investing in residential property and ask why Link is being sued over Neil Woodford’s crimes yet he seems able to escape scot free.
1553 days ago
Yes it is corrupt to claim that with 60 articles a year you are chasing Neil Woodford when you were for two decades his greatest cheerleader on Fleet Street. Jess Press-trip ignored ALL the warnings and kept on urging Mail on Sunday readers to average down on Woodford funds. He should hold his head in shame. He demands transparency over Woodford, I demand transparency from him so have 4 questions the loathsome reptile will not answer. I also look at bent PR led journalism at the Sunday Times ref BT (BT.) Then it is onto Reach4Entertainment (R4E) where the FCA and AIM Regulation should be all over the company, its CEO Marc Boyan and chairman Lord Grade.
1665 days ago
This is an amaingly honest yet utterly dishonest admission from Schroders which managesthe Schroders UK Public Private Trust (SUPP), the dog formerly known as the Woodford Patient Capital Trust (WPCT). It is also a damning indictment of the disgraced Neil Woodford. Schroders has published a new Key Information Document, a KID.
1672 days ago
With olther folks cash, Neil Woodford was a big fan. The company has missed all its targets to date. Even now, having belatedly slashed costs, Xeros (XSG), the company founded to disrupt the world of washing machines, does not expect break even until Q2 2022. What could possibly go wrong? I reckon there is more chance of me shagging Cheryl Cole by Q2 2022 than of this company reaching breakeven by 2022 but we shall see. Anyhow if you are tempted, not by Cheryl – that is a given – but by Xeros here is your chance.
1678 days ago
I have flagged up the corrupt nature of the deadwood press, and the Sunday Times in particular, numerous times on this website. The way it blew off Neil Woodford in return for “scoops” and again and again backs boards, who by dint of underperformance, are quite rightly under fire with dirty attacks on their critics is shameful. Babcock (BAB) is a case in point. Today the paper shows its true colours again with its coverage of NMC Health (NMC) and more especially, and shamefully, of EasyJet (EZJ).
1679 days ago
Given the abject performance of the Miton Smaller Companies Fund managed by Gervais Williams, driven by a combination of utterly dire stock picking and mass redemptions, I have more than once suggested that Mr Williams has the potential to be the new Neil Woodford. But today I can reveal that Williams is performing a trick used by Woodford and it is one that his ACD and the FCA should be investigating with some urgency.
1691 days ago
Every dog has its day. Even the Miton Smaller Companies Fund run by the new Neil Woodford, Mr Gervais Williams. In March it managed to lose just under 12% in value whereas the small cap unit Trust sector saw an average loss of c25%. So Gervais, for almost the first time in five years, beat his peers. But the absolute losses were compounded by yet more redemptions and, thus, the precipice of an FCA driven gating, draws ever closer.
1711 days ago
We have warned about this Neil Woodford dog so many times. Now, you may find this tasteless but I suggest that no-one in their right mind would actually buy a house right now as the grim Coronavirus reaper stalks this land. Do you want to have to sell your place with all sorts of strangers wandering around touching door handles, or more likely no-one wandering around? And why buy now when the grim reaper may well be freeing up a stack of houses and flats to come onto the market as a glut from anytime soon? Who has enough income security to take on a mortgage these days? This begs the question of when exactly will Purplebricks (PURP) go bust. Here is the maths.
1719 days ago
This one company represents almost 20% of the gross assets of what was formerly WPCT and is now the Schroders run SUPP. It was a folly from the start and 1 big reason why Neil Woodford should be chucked out of financial services, now Rutherford International (RUTH), is, just a year after its IPO, fast running out of cash. I am not sure folks realise just how fast.
1719 days ago
In today’s podcast brought to you from Shipston I look at the oil price and what it means for a range of oil shares from the majors down to shitty little oil explorers on AIM. I then return to the coronavirus ex oil and with especial reference to Telit (TCM), Cineworld (CINE) and The Restaurant Group (RTN).. Finally I look at the proposed comeback of disgraced Neil Woodford.
1719 days ago
Here is a question for you and the answer is not Neil Woodford although it could be. Who said recently that: “easy, positive trends for markets have lulled our clients into a false sense of security”. Hmmm might it be a fund manager whose flagship Smaller Companies Fund is down by 16.2% over three years while his peer group shows average gains of 22%? Yes indeed, it is the clownish Gervais Williams and data just out on his fund is, again, shockingly bad.
1748 days ago
No wonder Premier Miton has been so tardy in updating the market. It has emerged today that the Gervais Williams Smaller Companies Fund was deluged with redemptions in January on a scale which must beg the question of whether it will, Neil Woodford style, need to be gated.
1748 days ago
I write by a candle. I have no power here in Wales and am using my mobile to access the internet and it is dying. So I must be brief, it is Neil Woodford and fraud on the agenda today.
1769 days ago
Terry Smith’s funds were not recommended to its clients by Hargreaves Lansdown (HL). Those of Neil Woodford were. Of course, that was noting to do with the fees Hargreaves received from the two forms. No, not at all. In his annual newsletter the great Smith has slated Woodford. There is nothing that should surprise ShareProphets readers but it is all good stuff. Smith opines:
1782 days ago
In today’s podcast I look at mini-bond scandal house Wellesley Finance and why it once again shames new Bank of England Governor Andrew “asleep at the wheel” bailey and the shitheads round at the FCA. I comment on another of its failings in light of today’s Neil Woodford News. I comment on Big Dish (DISH), have a theory about Angloa African Oil & Gas (AAOG), comment on Optibiotix (OPTI), Versarien (VRS) and ask how long its Nomad will tolerate Neill Ricketts and finally on Aston Martin Lagonda (AML).
1782 days ago
What does not stink in the annual accounts for Woodford Investment Management which surfaced at Companies House yesterday? The £14 million dividend paid to Neil and his business partner Craig Newman surely is top of the list but then there are the dates…. Let me explain.
1791 days ago
Merry Christmas Neil Woodford. Having made c£100 million from Woodford Investment Management you are planning a new Chinese venture as those Brits who backed you lick their wounds and count their losses. You are a crook, a spiv and should be in jail and facing a lifetime ban from financial services. If folks were not angry enough already, at 11.41 AM on Christmas Eve came another £15 million kick in the gonads. Cheers Neil, seasons greetings to you, your wife and your array of show jumping ponies.
1796 days ago
Almost entirely recovered from illness, this bonus Bearcast covers the latest shocking news in the great establishment cover up for disgraced Neil Woodford, The Sunday Times sucking PR (Bab) Cock as the man behind Boatman is revealed and the Miton Smaller Companies Fund of Gervais Williams. Its performance is dire and redemptions are vast, is it in really deep merde or just very serious trouble?
1800 days ago
Following news that disgraced and shamed Neil Woodford, wants to open up a new business in fraud ridden China I invite you all to supply a suitable caption for the pic below in the comments section. The deadline for entries is midnight tonight.
1800 days ago
FFS it is not Season’s Greetings but Happy Christmas. Please do not wind me up with any more Godless messages. Thanks to Jim for flagging up what should be a parody, but sadly is not, Neil Woodford’s next business venmture. The I look at Bidstack (BIDS), NMC Health (NMC) and Circassia (CIR), two of which are surely good bets for bankruptcy in 2020.
1815 days ago
In today’s bearcast I reflect on the start of Advent which I miss in Wales and on its start here in Kambos Greece. I look at pay at the big accountants and what it says about the sanctions against such folk when they screw up. Then it is onto Neil Woodford’s biggest cheerleader in the press until recently, Jeff Prestridge of the Mail on Sunday and his demands for action against the guilty parties in this scandal. Jeff misses out two of the guilty parties and misses the point on the rest.
1824 days ago
I have now arrived at the Greek Hovel, photos here. In today’s podcast I discuss the pitiful way Sam Smith of FinnCrap (FCAP) blames Neil Woodford for the state of AIM. For once I defend the disgraced fund manager. I look at Eurasia Mining (EUA), I3 Energy (I3E) and also at Fastjet (FJET), a company that uses journalist smearing Citigate to polish its turds. The Eurasia podcast I refer to which should now be looked at by AIM Regulation is HERE
1824 days ago
Whatever next will the ever proactive FCA think of? Perhaps it might warn folks about the dangers of investing in Neil Woodford managed funds. I suppose better late than never. Very late in the day, the chocolate teapots are acting on mini-bonds.
1825 days ago
On my last bearcast before I flee to the Greek Hovel (cue calls from Bulletin Board Morons that I live in a hovel as I am a peasant and that I am evading justice for some crime or another), I discuss today’s chapter of retail-aggedon (Clarkes), the Neil Woodford Rutherford International (RUTH) £32.5 million black hole and why Amigo (AMGO) is almost certainly not on a PE of 3 and almost certainly not cheap.
1828 days ago
In today’s podcast I must on another call from a spiv urging me to invest in medicinal cannabis. I look again at AFC Energy (AFC) and its joke valuation and at One Media (OMP), its strategic review and its CEO with his shocking views on gender and I discuss how Verseon (VERS) shows, again, the greed and folly of Neil Woodford.
1828 days ago
`Curiouser and curiouser!’ cried Alice (she was so much surprised, that for the moment she quite forgot how to speak good English); `now I’m opening out like the largest telescope that ever was! Good-bye, feet!’ (for when she looked down at her feet, they seemed to be almost out of sight, they were getting so far off). `Oh, my poor little feet, I wonder who will put on your shoes and stockings for you now, dears? I’m sure I shan’t be able! I shall be a great deal too far off to trouble myself about you: you must manage the best way you can; —but I must be kind to them,’ thought Alice, `or perhaps they won’t walk the way I want to go! Let me see: I’ll give them a new pair of boots every Christmas.’
1828 days ago
In today’s podcast I look at the British Journalism Awards and Neil Woodford ( no shocks here folks), Union Jack Oil (UJO) and that planned placing, Tissue Regenix (TRX) as the FD walks, FastForward Innovations (FFWD), and at Plutus Powergen (PPG) , dire news and surely looming insolvency and yet more evidence of not gviving a flying wotsit about stockmarket rules.
1832 days ago
In today’s podcast I look at Brady (BRY), Westminster Group (WSG) the dog run by disgraced former Tory MP Tony Baldry of 3DM infamy, Inspirit (INSP), Koovs (KOOV), Neil Woodford dog Verseon VERS) where it must surely be almost lights out time and at IQE (IQE).
1835 days ago
Today’s AGM at Kier (KIE) will not be a jolly affair. There is no update on planned disposals. The ghost in the room is the absence of Mr Neil Woodford the expert catcher of falling knives and the shares now trade at less than 90p, down from 800p a year ago and 1400p three years ago.
1835 days ago
In today’s podcast I look at two utterly absurd proposals from Labour on broadband and on Inheritance Tax. Insanity. I also warn No Gold that he better get his £50 ready for me on December 13. Then I look at Angus Energy (ANGS), Optibiotix (OPTI), Neil Woodford disasters Kier (KIE), Eddie Stobart Logistics (ESL) and Non-Standard Finance (NSF). Then at Veltyco (VLTY) which is clearly insolvent. 95p to 1.5p in two years, thank God it had a female CEO to demonstrate the benefits of boardroom diversity for some of that period. Incidentally that CEO Ms. Blau earned 220,000 Euro for just seven months work so did a great job of closing the #GenderPayGap. Rejoice! Rejoice!
1835 days ago
Eddie Stobart Holdings (ESL) still sees its shares suspended as the company can still not get its half year accounts bottomed out and published but a rescue plan today may well see the shares slung off AIM and the nature of the mega high interest loan injection makes it clear the equity is almost worthless. Well done Neil – this was a major holding in the Income Focus and Equity Income Funds.
1836 days ago
A media leak has forced Eddie Stobart Logistics (ESL) to admit that it has received a tentative refinancing proposal and it is one that suggests an 80%+ wipeout for shareholders, notably lucky holders of funds formerly managed by disgraced Neil Woodford.
1838 days ago
For some reason, Britain’s most disgraced fund manager held this AIM dog in his Equity Income Fund though the chances of it paying a dividend made my chances of getting lucky with Cheryl Cole look like a nailed down sure fire certainty. Today there is another body blow, clinical failure, but the real issue, if you do the maths, is looming insolvency.
1838 days ago
I start the podcast discussing legalisng cannabis, I cover the idea of investing in it HERE. Then I look at coverage of disgraced Neil Woodford in the Sunday Times and in the Mail on Sunday c/o Jeff Prestridge. Mr Presstrip has sunk to a new all time low and both papers cast a stain on an entire profession.
1839 days ago
Having called the mega fraud Quindell (QPP) out as one of the 10 cheapest stocks on AIM and rated the fraud that was Globo as a 92/100 mega buy, the Stockopedia system of Ed Croft is obviously brilliant. Right now Ed is claiming his system predicted the Neil Woodford collapse. Of course it did not but after the event it should have/could have/might have. It is not quite the same as I explained HERE. So here is a clincher for Ed – how would his system assess the worth of mystery company A?
1839 days ago
Rutherford International (RUTH) formerly Proton Partners has today published interim results showing a £51 million black hole and the scale of this Neil Woodford disaster which will eventually cost his investors c£100 million.
1844 days ago
I start and end with a request that each Bearcast listener backs the Woodlarks Christmas appeal. Even £2 each and we’d be there. So go on donate now HERE. Then it is onto reports that the stricken Woodford empire may be selling £500 million of healthcare stocks. But at what price? Then it is onto how Ed Croft of Stockopedia, the company that flagged up mega fraud Quindell as one of the top 10 AIM stocks to buy, is claiming to have “predicted” the Neil Woodford scandal. Of course it did not but no doubt this persuades more folks to sign up to Ed’s flawed system. Then I crow as I discuss Nanoco (NANO) which I called out as long ago as 2015 and discuss where next for Bahamas Petroleum (BPC) as its open offer flops.
1845 days ago
I start with the tale of the lead singer of Iron Maiden and the UK’s crazy divorce laws, then a few words on the shrinking Tory poll lead and what that means. Then two things that really alarm me about Micro Focus (MCRO) and then onto the Neil Woodford blame game and the damage being done by those trying to deflect from their failings in this scandal.
1845 days ago
According to the Sunday Telegraph, debt in, drowning in debt and liabilities Neil Woodfird favourite, Kier (KIE) is now being touted around for sale at 70 pence in the pound. So what does that tell shareholders? In short: panic!
1845 days ago
Roger Lawson of ShareSoc is bang on the money with his comments on plans to sue Hargreaves Lansdown over its shocking behaviour in pushing clients into Neil Woodford’s funds. In essence his conclusion is to be wary of throwing good money after bad.
1849 days ago
There are some contests where you want everyone to lose: The FSA vs ISIS vs Hezbollah in Syria, the Democratic primary once Tulsi Gabbard pulls out, a tournament involving the English rugby team and the German and Argie soccer teams. You get my drift. And that brings me to Aussie ambulance chasing lawyers Slater & Gordon (SGH) of Quindell infamy. I have a word of advice for S&G.
1850 days ago
In today’s podcast I look at the looming General Election, at a pathetic excuse from Hargreaves Lansdowne (HL.) for not commenting on Neil Woodford, at Sound Energy (SOU), the ramp du jour Euraisia Mining (EUA), at the scandals at Tern (TERN) and Big Dish (DISH) and what they say about the institutionally useless FCA and AIM Regulation and at the profits warning from Empressaria (EMR).
1853 days ago
In today’s bearcast I take forward yesterday’s work on the Big Dish (DISH) “rollout” with some comments on its operations in Bristol. I look at Mothdercare (MTC) and Addison Lee, two firms whose time has gone. I look at attacks on fund managers who underperformed Neil Woodford and ask if those attacks are fair and at new ways St James Place (SJP) is shown to be ripping off its customers and what that means for shareholders in this unethical enterprise.
1855 days ago
After mini bonds & Neil Woodford where do we think that the chocolate teapots at the FCA financial watchdog will be asleep at the wheel next?
1855 days ago
There are no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). It is just me and I start with the 4 massive misses in this week’s Panorama on Neil Woodford. Then, bracing myself for massive trolling, I explain to shareholders in Bidstack (BIDS) how broker research actually works and why they should sell all their shares NOW! If you like this and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1855 days ago
Neil Woodford may have dumped his shares in IP Group (IPO) at 53p a few weeks ago but he collaborated closely with the company and its fortunes are in many ways tied into the scandal involving the man the Mail on Sunday, until recently, called Britain’s Buffett about once a fortnight. IP shares now trade at 62p but what are they worth? I commissioned resting fund manager “The Badger” who previously explained why, irrespective of who manages it, WPCT is worth only 3p a share, to produce a report. His work is below.
1856 days ago
How much more shame can disgraced ex fund manager Neil Woodford cope with? As investors consider losses of billions we believe the man the Mail on Sunday lauded for years as Britain’s Buffett is working to cover up another £25 million windfall for himself and business partner Craig Newman.
1856 days ago
Yesterday Neil Woodford backed AIM listed uber dog Verseon (VERS) announced the sale and leaseback of its HQ in Fremont California, bringing in a net $9.5 million which would still have left it insolvent. Today, uh oh the deal is off. This is a shit show of the highest order.
1856 days ago
I start by re-explaining to a monkey why the dogs he lies down with really are covered in fleas, then it is onto Big Dish (DISH) and why it is just 100% uninvestable. Finally it is Verseon (VERS) which has today shown itself a case study in how Neil Woodford put his interests ahead of those of his unit holders with a most disatrous call. PS target price for its shares is 0p by Christmas.
1857 days ago
This one chart shows the true failure of Neil Woodford better than any other.
1857 days ago
As you can see below, Joshua watched Panorama on Neil Woodford avidly. He liked seeing me but had a major gripe. I reflect on the show. I look at the bonkers boss of you cannot be Sirius Minerals (SXX) and at his company and then on to the latest “news” on Horse Hill from UK Oil & Gas (UKOG) and, yes, Britain’s most talented chanteuse is relevant.
1859 days ago
I see that Roger Lawson of ShareSoc is today praising the FT’s coverage of Neil Woodford. How sad and predictable that the establishment engages in mutual masturbation rathing than seeking the truth. The FT is the paper that publisshed a blow job interview with Woodford as recently as April 2019. Of course Roger is not mentioning our work in his little read blog posts or praising the folks who called this one out with more than 1000 articles and podcasts since 2015. But I hope that the BBC does recognise who was Woodford’s nemesis on Monday. In case it has forgotten here are our 50 most read articles on the ex fund manager
1860 days ago
In today’s podcast I come clean on tomorrow’s Panorama on Neil Woodford and then look at today’s dishonest and disgusting coverage of Neil Woodford in the Sunday Telegraph, Mail on Sunday and, worst of all, The Sunday Times.
1860 days ago
On the occasion of the news that Neil Woodford had been fired as manager of his soon to be wound down flagship Equity Income Fund, the great man posted a comment on his Pravda-esque blog saying that he could not accept the decision. His arrogance did not surprise me. What shocked me, as I noted HERE, were the comments by unit holders which were universally supportive of Neil.
1860 days ago
The FT says today that no-one emerges from the Neil Woodford scandal with any credit. I beg to disagree with the PR cocksuckers at the deadwood press yet again. Meanwhile three folks who do emerge with real credit are now negotiating a book deal. I also look at Brady (BRY) and its crazy share price and in detail at uber dog Plutus Powergen (PPG)
1863 days ago
There are no guests in this week’s show which is sponsored by Open Orphan PLC (ORPH). it is just me, at the end of a momentous day in the world of financial services. First up I discuss Thomas Cook (TCG) and grandstanding by limp dick MPs, executive greed, the failings of NEDs and fund managers and the heroin that is debt. Then the vast bulk of the show is devoted to Neil Woodford. What went right and what went wrong and why? Why the FCA is cuplable and why Woodford should go to jail. What were the warning signs everyone bar this website ignored? Who else is to blame? Why Hargreaves Lansdown (HL.) must be broken up. What will happen to each of the 3 vehicles Woodford was fired from or quit yesterday and how much cash investors wil get back.If you like this and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
1863 days ago
Is shorting Neil Woodford stocks like shooting fish in a barrel? I argue not and explain why it could be dangerous. I look at the FCA enquiry into Woodford and question whether its remit will be wide enough. Then, touching on the Fiske (FSK) AGM statement I look at calls for more regulation in the wake of the Woodford scandal.
1864 days ago
I happened to be in Oxford, for family reasons, and my colleague Nigel Somerville lives close to the City of Lost Causes and so we thought we’d pay Neil Woodford a visit. After the past 1000 articles exposing the soon to be ex fund manager since 2015 it was the least we could do.
1864 days ago
Yes Neil, I will be the guy turning up at some point today in a blue van at your luxury HQ to take some photos and maybe shoot a short video. My pal Nigel Somerville may be coming too. It will be good to catch up. See you later! In the podcast today I also look at Woodford Patient Capital Trust (WPCT), backing Richard Jennings at Global Resources Investment Trust (GRIT) and at Optibiotix (OPTI). I also receive complaints about my coverage of Neil yesterday. I despair.
1864 days ago
I should stress that the photo below was taken after our Welsh decorators had stripped what is the master bedroom but before they had decorated it and that I can look smarter as I hope you will see later today. Watch this space. In that light almost all entries to yesterday’s contest which suggested that either the Welsh Hovel or myself need a lot of work were disallowed. You can see the abuse here. The winner is:
1865 days ago
In light of today’s news and the 100% vindication of our 1000 + articles and podcasts since 2015, do your worst. Entries by midnight tonight in the comments section below…
1865 days ago
Soon to be ex-fund manager, Neil Woodford has not taken the decision to wind up his flagship Equity Income Fund and fire him at all well, as you can see below. But he is disgraced, will soon lose his other mandates and will almost certainly now face a full FCA enquiry. None the less some of his followers have not lost faith. Some folks are just so daft…
1865 days ago
The IPO of Rutherford International (RUTH), formerly Proton Partners, only happened because Neil Woodford was prepared to commit £100 million of other folks cash to it on a ludicrous valuation. That move increased the management fees he banked materially but will cost his investors a packet as I explained, again, in bearcast earlier. But now Rutherford is utterly fecked by Woodford’s firing by EIF and needs to issue an RNS asap.
1865 days ago
How I remember being singled out by name by Neil Woodford at the Woodford Patient Capital Trust (WPCT) AGM as a purveyor of fake news on May 16 this year. Neil was adamant: he was doing brilliantly I was making thisngs up. Today he was fired by his flagship fund and his City career is in its final weeks and will end in disgrace. Investors who ignored four years of warnings on this site will have lost billions. I reflect on all of this, where it leaves various parties including Neil’s other vehicles, disgraced Hargreaves Landsdowne (HL.) and other disgraced promoters. I also comment on another vindication, the mercy takeover of Brady (BRY) at just 10p after I forced it to fess up to its finacial woes, with the shares at 26p just three weeks ago.
1865 days ago
Neil Woodford, Britain’s best known fund manager, has today been fired by his flagship Equity Income Fund which is to be wound down. Some in the corrupt deadwood press, like the Mail on Sunday, were still praising Woodford up to the date before EIF was gated in June. Others have turned bearish over the past few months having previously drunk the cool aid. But we first warned about Woodfoird in 2015 and 1000 articles and podcasts later, we were clearlty first and our journalism has been utterly vindicated as you can see HERE. Site Editor Tom Winnifrith gave a keynote address at UK Investor 2018, in April of that year, predicting exactly what would happen and highlighting numerous red flags. You can see that video below
1866 days ago
Neil Woodford has been fired from his flagship Equity Income Fund today, vindicating our more than 1000 articles and podcasts exposing him since 2015, but his problems do not end there. I recently commissioned a resting fund manager to produce a detailed bottom up analysis of Neil Woodford’s Patient Capital Trust (WPCT). That report from a man known as “The Badger” landed with me last night and is shocking in its conclusion: the Trust is essentially worthless. The Badger writes:
1866 days ago
Link, the ACD, to Neil Woodford’s flagship Equity Income Fund has, after liaising with the FCA, announced that the fund will not be un-gated, allowing investors to redeem units in December, but will instead be wound down. And Neil Woodford’s Woodford Investment Management has been fired with immediate effect. That is the death knell for it. Our extensive warnings, in more than 1000 podcasts and articles since 2015, HERE are now utterly vindicated, Neil is finished.
1867 days ago
Recorded in my car in the City where Neil Woodford’s crumbling empire is based I flag up something bad about Woodford Patient Capital Trust (WPCT) and discuss why sacking Babcock’s (BAB) FD is a pointless gesture.
1870 days ago
At the Woodford Patient Capital Trust (WPCT) AGM this year that scallywag Neil Woodford suggested that if I had any interest in beating the disease that would incdeed kill my dear Uncle Chris within weeks, that is to say cancer, I should be getting behind the joke company Rutherford Internationbal (RUTH) into which he had spunked vast amounts of other folks cash. This is a common meme among shameless promoters.
1872 days ago
Chris Frazer, the knobhead who runs Sirius Minerals (SXX) is today calling for bulletin boards to be shut down and again saying that private investors should only buy shares after seeking advice from regulated folks (Neil Woodford perhaps?) The blame for his company’s shares crashing by 90% and being a potential zero must lie elsewhere. Au contraire. I have lambasted John Meyer of SP Angel many times but his analysis of Sirius, its ghastly errors and dire position is superb. Meyer opines in his morning note today:
1874 days ago
Roger Lawson of ShareSoc sent me a present the other day. Nope, not another lawyer’s letter but a copy of his new book “Business Perspective Investing… And why financial numbers are not important when picking shares.” A snappy title if ever there was one. I do think numbers matter but it is not a bad read. To demonstrate what he means, Mr Lawson has listed 17 reasons why he does NOT want to own or buy shares in Burford (BUR) and it is nothing to do with the Muddy Waters affair. The 17 reasons Neil Woodford ignored are:
1876 days ago
I start with a row I had with the Mrs on Brexit. It is pertinent to what follows so bear with me No Gold. I then move on to a different sort of socialist to the Mrs, my grandfather Sir John Winnifrith and his comrade in arms Tony Benn, that is to say Lord Drayson of Sensyne (SENS) where revelations yesterday were shocking. Oh, and that poltroon Neil Woodford is involved too.
1876 days ago
Having lost his last chum in the media today, Neil Woodford’s flagship Equity Income Fund has plunged in value since it was gated in early June from £3.7 billion to just over £2.9 billion – a 21% fall in four months when there were no redemptions. That is entirely down to Woodford’s stock trading genius. So….
1876 days ago
The Daily Telegraph’s lamentable Questor column has today, finally, as you can see below, advised folks to sell Neil Woodford’s Patient Capital Trust (WPCT) at a loss of 60%. Talk about horses and stable doors! It gets worse.
1881 days ago
In today’s podcast I discuss Brady (BRY), Mobile Streams (MOS), Woodford Patient Capital Trust (WPCT) and its financially illiterate advisor Nomates, Sirius (SXX0 and Bahamas Petroleum (BPC)
1881 days ago
Woodford Patient Capital Trust (WPCT) has results tomorrow. There is talk that Britan’s most conceited fund manager may be fired but if Susan Searle and her fellow directors think that gets them or the company off the hook, she is badly mistaken. PS. There is a joke for NoGold 30 seconds in.
1881 days ago
Yes my daughter and I will be at Oxford United tonight to see the mighty Hammers. COYI. As I try to contain my excitement I discuss Neil Woodford and what the dumping of IP Group (IPO) shares tells us, Aston Martin Lagonda (AML), the FCA and mini bonds and Alexander Mining (AXM).
1888 days ago
The accusations of lying, misleading ande of deception are flying thick and fast. I look at Peter Hargreaves of Hargreaves Lansdown (HL.) and his attempted hit job on Neil Woodford and at claims made by Chris Frazer. Frankly, he cannot be Sirius (SXX).
1890 days ago
The Independent Newspaper thinks that I and 17.4 million others need a better education. Does anyone read that rag anymore? In today’s podcast I look at Neil Woodford’s Woodford Patient Capital Trust (WPCT), notably its holdings in Autolus and Purplebricks (PURP) in light of data out today, Eve Group (EVE), Nigel Wray’s Simba, Thomas Cook (TCG), i3 Energy (i3E) and Iconic Labs (ICON).
1890 days ago
This story is about grubby nepotism, egregious compensation schemes, and aggressive business strategies, with an old-fashioned, car auction house at its heart. It threads together the microeconomics of executive incentives with the macroeconomics of the credit cycle.
1895 days ago
All will be revealed soon. Meanwhile I discuss Eddie Stobart (ESL), Circassia (CIR), Thomas Cook (TCG), Amur Minerals (AMC), Neil Woodford and Watchstone Group (WTG), Quindell as was.
1895 days ago
I discuss one of them in full. One have referred to before, part 2 is tomorrow bt I can’t say what it is for another few weeks. Then I look at today’s Neil Woodford shocker Benevolent AI and how much Neil personally has trousered from valuations now shown to be a joke. Then the attack on Saudi Arabia and what it means for oil prices, gold and the global economy. It is not as dramatic as if this had happened in the 1970s. But there is a dramatic scenario to consider.
1895 days ago
Oxford Nanopore is the flagship unquoted in the Neil Woodford portfolio both at EIF and WPCT. Yesterdaty it snuck out red flag strewn results and on a number of counts this looks utterly grim for Nomates.
1895 days ago
There is some macro babble focussing on the woes of the EuroZone, why Malcolm is wrong about housebuilders and other matters. I look at Woodford Patient Capital Trust (WPCT) after yesterday evening’s shock news and ask when it breaches gearing limits and what happens next. I touch on i3 Energy (i3E) then look at the shock departure of Dave Sefton from Anglo African Oil & Gas (AAOG). He should have been fired sooner and what happens next? And what does this mean for Iconic (ICON) which I mistakenly refer to by its former name of Widecells and where Sefton still casts his malign influence as a director.
1895 days ago
Evil hedge funds backed Boris as they were betting heavily on shares to crash claims the crazy cat woman Carole Cadwalladr to rapturous applause from fellow financial illiterates. No doubt the BBC will lap thus up but the only problem is that it is completely untrue. It is fake news. I discuss this plus a cunning escape plan put forward for Neil Woodford’s Equity Income Fund. But there are snags.
1895 days ago
I reflect on the annoversary of 9/11. I ponder points raised in today’s ShareProphets radio show with Carson Block and Anthony Laiker about bull market complacency to fraud. In that vein I use Tesla (TSLA) and the legal case below as a case study. I look at Neil Woodford’s latest £12.5 million woes answering reader feedback. I look at Catennae (CTAE), Riverfort Global Opportunities (RGO) and my pal Jim Mellon’s Fast Forward (FFWD). I also comment on the latest Burford (BUR) news.
1895 days ago
Oh dear. Oh dear. That’s another fine mess you’ve got me into say unit holders in the Equity Income Fund (EIF) and shareholders in Woodford Patient Capital Trust (WPCT) today as hapless Neil reveals another £12.5 million black hole.
1895 days ago
Fake Sheriff of AIM Marcus Stuttard and colleagues what a shit-showeryou preside over. Thanks to Adept Technology (ADT) we have a stat that damns you. I discuss this, the comedy/tragedy that is Providence Resources (PVR)/ Lansdowne Oil & Gas (LOGP) and their Chinese pals. I look at IP Group (IPO), its results, its balance sheet and its association with the stench of Neil Woodford. Apologies to the fragrant Lizard for my words. And I chat about chatting to Carson Block of Muddy Waters about Burford (BUR) and other matters.To get the Carson Block podcast downloaded to your phone register HERE
1902 days ago
In today’s podcast I look at the latest news from AIM bad boy Management Resoiurce Solutions (MRS) where I think my critics really do owe me an apology (again). Then at Neil Woodford’s latest woes at the Woodford Patient Capital Trust (WPCT) which are the beginning of the end. Will I get to monster the board at an AGM in 2020 as I did this year? I fear I may be denied that entertainment.
1902 days ago
Woodford Patient Capital Trust (WPCT) has today issued a shocking statement “Debt facility”. It shows that its banks ae now getting nervous and pulling all the strings. Boy, Neil Woodford must be glad that he has already sold most of his shares. The news also has grim implications for the Equity Income Fund.
1902 days ago
I start with the incredibly exciting matter I flagged yesterday. It did happen and I shall be able to say more in 4-6 weeks. Then onto the death of Robert Mugabe. I am sure the BBC will focus on early heroics. It should not. That is like saying “but… Hitler created some good art early on.” I celebrate Mugabe’s death wishing it had happened years ago. I look at how the regulators fail to tackle white collar crime reference Sefton (SER) and at why Altitude (ALT) MUST be investigated. I also cover Alien Metals (UFO) and Neil Woodford dog Xeros (XSG).
1907 days ago
In today’s podcast I look at Mobile Streams (MOS), Xeros Group (XSG), what causes Neil Woodford to call it a day and how the stench of his activites makes IP Group (IPO) uninvestable at any price whatever broker Jefferies says in a note today.
1910 days ago
Apologies for the background noise in the Thomas Cook (TCG) segment, a workman at the Welsh Hovel has not quite understood how I have to pay his bloated fucking wages. I also discuss Rutherford (RUTH)_and how it will destroy the reputation of Neil Woodford but not in the way Nigel suggests and Optibiotix (OPTI)
1910 days ago
Today Raven Property Group Ltd, (RAV) a Russian Property Investment Group, announced strong results with an increase in diluted net asset value per share of 40% to 67p (31 December 2018: 48p). The company also announced a proposed distribution of “1.25p per ordinary share by way of a tender offer buy back of 1 in 44 shares at 55p.”
1918 days ago
In this sixth edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss PC nonsense in the world of matresses and also the folly of Nigel Wray and Neil Woodford in this sector, I give Harry Adams of Kefi (KEFI) a right old grilling, I look at the pointless ramping of AIM rubbish via other podcasts and paid for research and then discuss all things resources & other matters with guru Gary Newman. If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
1918 days ago
In today’s podcast i look more at the Sheikh on the make at ADM Energy (ADME) and the failure of Nomad Cairn of Cloudtag (CTAG) infamy. Just how big is that failure? Then a few words on Neil Woodford and finally I discuss the full extent of the possible regulatory horrors which follow on from today’s shocking breaking news on AIM “superstar” First Derivatives (FDP) . Update First now says the lawsuit that could have bankrupted it was withdrawn ( it has not said why) on Friday. That does not explain why there was no RNS on Wednesday.
1918 days ago
We missed this one. we cannot spot every car crash waiting to happen. But we did give an alert of sorts. Week in week out, Eddie Stobart Logistics (ESL) featured in Steve Moore’s table of the most shorted AIM shares. When bears hunt in packs, like this, they are rarely wrong, especially when the biggest cheerleader on the other side are Bulletin Board Morons or, as in this case, Neil Woodford. So what were the red flags? There were three big ones:
1919 days ago
This looks like a doddle to investigate. The stock is ADM Energy (ADME) but will the FCA dare to challenge Shaikh Ahmed Bin Dalmook Al Maktoum or is insider dealing just an offence of you are a nobody? Then I look at the Eddie Stobart (ESL) fraud debacle, the Industrial Heat shambles, Woodford Patient Capital Trust (WPCT), the Equity Income Fund (which has today insisted it will look to ungate at Christmas… whatever) the Income Focus Fund (soon to be gated) and what today’s news says about the stupidity, arrogance and lack of ethics of Neil Woodford himself. Postscript: His Highness Sheikh Ahmed bin Dalmook bin Juma Al Maktoum is not to be confused with Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates and indeed a very wealthy man. I did confuse him but this is still a Dubai Royal, will the FCA take him on?
1923 days ago
I report on what the quack told me and consider a career change. I consider mattresses Eve (EVE), Simba, Nigel Wray and Neil Woodford. I look at Clear Leisure (CLP), First Derivatives (FDP), Thomas Cook (TCG), Dev Clever (DEV) and Verseon (VERS) and I comment on my interview with Kefi (KEFI) out later this week.
1923 days ago
I start with Burford (BUR) and the questions it may or may not choose to ansswer from this weekend plus a look at its spinning and smearing via the PR cocksuckers at the Sunday Times. Then, as a financial journalist who has been warning about Neil Woodford since 2015 and explicitly hoisting red flag after red flag, I assiost Mr Luzio with an analysis of the flaws of the deadwood press and the low grade waste of space press release regurgitators such as him who staff it.
1923 days ago
I start with the case of a banker Andrew Tinney who “acted without integrity” but thinks he has done nothing wrong. Discuss. Then ex banker Sajid Javid who wants to ramp up the housing asset bubble by switching stamp duty from buyer to seller. Why do you think he is oing that? Finally to Neil Woodford’s Income Focus Fund and a discussion of why it should be gated now but when it will actually be gated.
1928 days ago
In today’s bearcast I look at shitty little gold plays like Conroy (CGNR) and Condor (CNR) at their relationship to the gold price. I cover Burford (BUR) noting today’s interventions from two giants of the investment world: Carson Block of Muddy Waters and Roger Lawson of ShareSoc. I look at Providence Resources (PVR) a comedy set to end in tears, at Diversified Gas & Oil (DGOC) a tragedy set to end in tears and also at Neil Woodford and that Cenkos (CNKS) profits warning.
1933 days ago
As it announced pretty decent full year numbers, shamed Hargreaves Lansdown (HL.) did its best to pull the sting from the Woodford scandal by announced that CEO Chris Hill would skip his 2019 annual bonus altogether. But with respect the firm talked utter shite…
1934 days ago
Once again this website stands 100% vindicated in l’affaire Burford (BUR) where our coverage for months has been ahead of the game. Natch the deadwood press will ignore all of that as well as our brave call of yesterday. I look at Burford, its insane reaction, which was a red flag in itself, and then the equally insane reaction of Neill Ricketts of Versarien (VRS) and where this all leaves disgraced Neil Woodford.
1934 days ago
The report on Neil Woodford’s second biggest holding, AIM Casino cdarling Burford (BUR) from Muddy Waters is as you can see here damning. Now here is a video where Carson Block explains the accounting tomfoolery that is at play. Enjoy.
1934 days ago
Legendary bear raider Carson Block, aka Muddy Waters Research, is set to publish a bombshell dossier tomorrow at 8 AM GMT. Given the tweet below there is fevered speculation that it is a London listed company and speculation is centring on Neil Woodford dog Burford (BUR) shares in which are off by 15% as I write. Two things to note:
1938 days ago
Rob Terry, Jamie Nimmo, Jeff Prestridge, Neil Woodford, another pointless day of shame for the, increasingly limpdick, Financial Mail on Sunday. I discuss this plus why I do not want to come back to the UK after a chat with lovely Eleni and others here in Kambos in today’s bearcast
1938 days ago
In today’s podcast I point fingers at who should be sent to jail or drummed out of the City as I look at new developments at former AIM Casino darling Frontera (FRR), the late lamented SVS Securities and at the crumbling empire of Neil Woodford and Woodford Patient Capital Trust (WPCT).
1939 days ago
In today’s bearcast I touch on the antics of two of the City’s brightest lights. First up is Agronomics (ANIC), where my old friend Jim Mellon is the largest shareholder and the price of cultured pork sausages in 2021, then it is onto disgraced Neil Woodford and Woodford Patient Capital Trust (WPCT).
1945 days ago
In today’s podcasts I look at calls to ban OIECS, Unit Trusts, in the wake of various disasters include the Neil Woodford affair and make my own suggestion of reform. I also again look at commercial property stocks and an unfolding catastrophe hitting the sector.
1949 days ago
My fat, drunken, friend Jono from Zimbabwe arrives at the Welsh Hovel shortly and I shall try not to allow him to lead me astray. I also await Gabriel’s next bombshell dossier I am to publish tomorrow morning. In this podcast I look at the wider implications of the RM2 (RM2) debacle for Neil Woodford, at IQE (IQE), at Fevertree (FEVR) – hat tip Leon Boros – at St James House (SJH) and at Diversified Gas & Oil (DGOC).
1951 days ago
Excuse my croaky voice. In this inaugural edition of the ShareProphets Radio podcast sponsored by Riverfort Global Capital, this week, in order I discuss the pot bubble, interview Nigel Somerville on Neil Woodford, flag up my next 3 FRC PLC victims, interview outspoken broker Andrew Monk, discuss why CSR is a waste of cash and interview Steve O’Hara of Optibiotix (OPTI). Enjoy. If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.
1951 days ago
My voice recovered a bit and so I squeeze out a bearcast covering all developments Neil Woodford including the fury of a lapdog journalist scorned (Jeff PressTrip) but also the awful problems WPCT faces as shown by the Atom Bank news. Put simply, a hopelessly compromised board cannot save this ship.
1960 days ago
Adding to my joy it is off to the mother-in-law’s for her Birthday. One lawyer’s letter was on behalf of Julie Meyer. I have reported Ms Lingerie on expenses and her lawyer to the North Wales Police in response to the letter you can see here. The other was from Stifel Europe. I discuss Stifel’s letter concerning Yourgene (YGEN), Stifel’s dire coverage of Woodford Patient Capital Trust (WPCT) and then how Sir Douglas Flint of IP Group (IPO) a big short has come out to bat for Neil. Extraordinary.
1964 days ago
Cynical Bear warned Benevolent AI would be Neil Woodford’s Kryptonite in May 2018. His coverage before then and his and our coverage since then was amazing and so far ahead of that of the Deadwood Press. The Sunday Times does some “analysis” today and almost gets the same answer we got years ago. Wankers. But it has a new angle: the next funding round will be a savage “down round”. I explain why this will blow Woodford apart exposing to all what a greedy charlatan and chancer he is.
1970 days ago
A true giant of post war journalism died the night before last with his two sons at his bed side. Much will written elsewhere about his achievements: Co-founder of Private Eye, scriptwriter at TW3, Campaigning Journalist of the Year (opposing awful inner City redevelopment), Telegraph columnist for 60 years, the Godfather of Euroscepticism. The Guardian, if true to form, will have nasty words about that and about his exposing the global warming hoax.
1971 days ago
So the EIF is gated for another 28 days. And then, you can bet, it will stay gated. To celebrate this fine achievement, Britain’s worst fund manager has recorded a video explaining, inter alia, why he will be selling his favourite stocks and that will lead to EIF outperforming going forward. Whatever…. Neil Woodford talks bollocks (again) is below.
1974 days ago
In this podcast I reflect on the birth of my daughter Olaf (Olivia) at just 26 weeks, weighing 1lb 4 oz all those years ago as she turns 18 today. I look at Boris Johnson’s proposed stamp duty bribe and why it is wrong at every level. I answer the questions I raised yesterday, about Chris Oil’s share trading in Union Jack Oil (UJO) and I discuss the “news” (it won’;t be to you dear listeners!) that Neil Woodford’s Equity Income Fund is being gated for a lot longer than the first announced 28 days.
1974 days ago
Surely the yacht below must belong to Neil Woodford?
1974 days ago
In today’s podcast I look at RM2 (RM2) and the implications for Neil Woodford, Two Shields Investments (TSI) and Chris Akers, RPS (RPS), Sareum (SAR) and Westminster Group (WSG).
1974 days ago
On Monday I demanded that RM2 (RM2) make a statement to cklarify its (grim) financial position. Today it has obliged and this maker of “disruptive” pallets where Woodford Investment management funds have a 67% stake looks to be utterly fecked.
1977 days ago
In today’s bearcast I touch on Neil Woodford and the duffing up he is getting today from Andrew Bailey head of the chocolate teapots at the FCA. Then I comment on Optibiotix (OPTI), RedT Energy (RED), Remote Monitoring Solutions (RMS)_ – formerly the criminal dog Strat Aero – RM2 (RM2) and Arden Partners (ARDN)
1977 days ago
In this bonus bearcast I look at the failure of the FCA & Link with regard to box ticking and the correct valuation of Proton Partners in light of the latest £25 million fund-raise. This just cannot be right.
1977 days ago
Amid calls from ignorant politicians and former members of the Woodford fan club, for reform of the Unit Trust industry in the wake of the Neil Woodford scandal, Paul Jourdan of Amati has explained in detail the bleeding obvious: Woodford’s own actions caused his downfall. As I noted some weeks ago there is no need to reform the industry just send Neil Woodford to jail. Jourdan is not quite as explicit as I am but is scathing. He writes:
1978 days ago
In this bearcast I ask a series of questions for PR spinners for Woodford Patient Capital Trust (WPCT). References to 210p should be 227p. Let’s see what answers I get. I also look at Optibiotix (OPTI), RM2 (RM2), Mysale (MYSL), Agronomics (ANIC) and have a big question for Neill Ricketts and Versarien (VRS)
1978 days ago
A week ago shares in “disruptive pallets” Neil Woodford dog RM2 (RM2) were 38p. Today they are off by almost 20% at 28.5p and surely a statement is needed. It cannot be good news. And this is why.
1980 days ago
Lucy White of the Daily Mail is either the stupidest bint on Fleet Street or takes dictation from WPCT’s PR spinners. I discuss her laughable piece on Proton Partners and the stricken Neil Woodford Patient Capital Trust.
1981 days ago
I start with a few words on comments from Jeremy Hunt showing why the entire political class deserves an encounter with an asteroid, his contempt for the victims of crime (you and I the taxpayer) and his support for a fraudster. I look at IQE (IQE), Nanoco (NANO), Agronomics (ANIC), Andalas (ADL), Thin Film (another Neil Woodford disaster) and RM2 (RM2). And now I must rush, more tomorrow.
1982 days ago
The big excitement today is the foiling of the plans of the Mrs to turn our cats into vegan, Guardian-reading, little darlings. I discuss that and the arrival of the tile polishing man at the Welsh hovel - photos HERE. Then I look at BCA Marketplace (BCA), Neil Woodford, Brave Bison (BBSN), Big Dish (DISH) and Dev Clever (DEV) as well as the general market frothiness.
1983 days ago
It seems as if Versarien (VRS) owning morons take particularly badly to exposes on how senior execs may be fraudsters and are certainly liars and respond with abuse for the messengers. And thus in honour of these prize poltroons Bulletin Board Moron of the Week is back. Simply post the most moronic comment found on twitter or the LSE, ADVFN or iii asylums in the comments section below. It does not have to be about Versarien but moronic deadwood press Neil Woodford articles by Ali Hussein or Jeff Presstrip are not eligible. The deadline for entries is midnight Saturday and the winner will receive a mythical photo of Julie Meyer filling in a tax return.
1984 days ago
Maybe someone at the FCA has been reading our four years of groundbreaking Neil Woodford exposes after all. This afternoon its boss Andrew Bailey has written to Nicky Morgan MP with detailed information and the shock revelations that the FCA was monitoring toxic Neil from April 2018 (but did nothing) and that Woodford is now under a formal FCA investigation over the suspension of his flagship Equity Income Fund. The letter also reveals that the banks have now pulled the plug on EIF’s “emergency overdraft” which has been utilised for 18 months as a “temporary measure.” The leter is in full below.
1984 days ago
In today’s podcast I look at Union Jack Oil (UJO), Sound Energy (SOU), Westminster Group (WSG), PCG Entertainment (PCGE), Bluejay (JAY), why Nigel Somerville is, today only, wrong about Neil Woodford, Future (FUTR) and Staffline (STAF).
1984 days ago
In a bearcast last Thursday I discussed the complex relationships between IP Group (IPO) and disgraced Neil Woodford. They stink and IP, at 74p capitalised at £784 million, will be dragged into this scandal and that alone makes it a toxic investment. But there is a bigger reason why this company is a compelling short…
1984 days ago
Sorry for the late podcast but I have spent most of the day renovating another room in the Welsh Hovel. I may post some pictures later but it is far more entertaining than even writing about Neil Woodford’s woes or Julie Meyer’s lingerie. In today’s podcast I look at Thomas Cook (TCG), Audioboom (BOOM), Kier (KIE), Staffline (STAF), Dev Clever (DEV) and the Woodford Patient Capital Trust (WPCT), where, of course, I remain a loyal shareholder. Ho. ho. ho.
1984 days ago
In today’s bearcast I look at “lucky” Luke red flags and Patisserie Valerie, Neil Woodford, Babcock (BAB) and sumbag, lying or disingeneous, pond life journalist scum such as Ali Hussein, Sabah Meddings, Jamie Nimmo and the fraudster’s fave journo Ben Harrington.
1989 days ago
I start with reports in the Times about share sales by EIF over the past week which just go to show that this fund will be gated until Christmas or beyond. Then I discuss whether Neil Woodford should go to prison for what he has done and having considered the evidence I argue that he should.
1989 days ago
In today’s bearcast I comment on Quindell fraudster Rob Terry in light of my earlier artice, I look at the FRC, PWC and Redcentric (RCN), ValiRx (VAL), Plutus Powergen (PPG) and at Neil Woodford and IP Group (IPO) which might be next to unravel as the contagion spreads.
1990 days ago
Sorry for the late bearcast, I enjoyed a long chat with Reuters (see Roger Lawson not all the deadwood press hates me!) on when Neil Woodford’s Income Focus Fund will be gated. It is a when not an if and I discuss what is going on under the surface. Then it is on to Pendragon (PDG) and BCA MarketPlace (BCA) which is more of a BIG SHORT - than ever. I look at Big Sofa (BST), Amphion (AMP) which looks like a zero and finally, in some detail, UK Oil & Gas (UKOG). Now back to the rising water levels at the Welsh Hovel.
1990 days ago
I suppose Neil Woodford does not care about executive greed at Allied Minds (ALM), people in glass houses, etc, etc. But it seems as if Richard Bernstein of Crystal Amber is not quite such a happy camper and is particularly pissed that the fat cats refuse to discuss it with him. He has now taken to twitter to express his ire as you can see below.
1991 days ago
Disgraced fund manager Neil Woodford has sent an email to IFA’s begging them to not only stay with him but to send a templated email to their clients urging them to do the same. The Woodford email is below and, sadly, scores low on the veracity front.
1991 days ago
I start with a discussion of the gender pay gap in football and why it is so much hogwash. Then I look at Neil Woodford and the useless FCA. Then I cover two stocks I own, Fox Marble (FOX) and Venn Life (VENN), and two which I don’t Ted Baker (TED) and then a long term target of mine MPorium (MPM), a tale of AIM woe.
1992 days ago
A recording glitch. The hot rumour is at 20 minutes, ignore the gap beforehand. Elsewhere, I look at Neil Woodford, Woodford Patient Capital Trust (WPCT), Eve Group (EVE), Xeros (XSG), RM2 (RM2), Hargreaves Lansdown (HL.), BlueJay (JAY), Thomas Cook (TCG) Agronomics (ANIC) and the sodomising of Mail on Sunday reader;s portfolios by prize shit Ben Harrington and at Avereso (ASO).
1994 days ago
I start with Bryce Elder at the FT. What a knob. Then it is onto new explosive revelations about Hargreaves Lansdown (HL.) was selling Woodford funds for months while urging its retail clients to buy.
1994 days ago
The first article where we warned about Neil Woodford was in 2015. By 2017 our coverage was detailed and on an industrial scale taking aparty every aspect of the Woodford empire. As Bloomberg stated yesterday, we at ShareProphets, were first. The deadwood press, including the Sunday Times just blew the great man off. But today we learn , as you can see below, that it was a Sunday Times investigation on March 3 2019 that FIRST exposed what was going on. FAKE NEWS!!!!
1995 days ago
I start this podcast with a look at some of the shite press coverage of the Woodford scandal today, notably Patrick Hosking in The Times and the Daily Mail. Then it is onto what ios the end game for Neil personally: jail? insolvency of WIM? A lifetime ban from financial services? Another OBE and more tea with his pal David Cameron? Finally I look at Woodford Patient Capital Trust (WPCT) and reach out to fellow shareholders. I wish to call an EGM to sack the board and explain why. can you help me?
1995 days ago
In today’s bearcast I look at the 5.6 million questions Mark Dampier has to answer in the wake of the collapse of the Neil Woodford empire. I also look at how the contagion could swamp one of Hargreaves Lansdown’s (HL.) own fund of funds unit trusts and at the massive COIs at Hargreaves which the Woodfiord scandal reveals. I look at Redde (REDD), Surgical Innovations (SUN) and give a direct answer to Roger Lawson as to why I will continue to call out the corrupt and useless deadwood press even if it means no coverage of the achievements of this website. It is called feeling comfortable with yourself, Roger, for telling it as it is. Postscript: Late tonight it has been announced that shamed Dampier is to “retire”.
1995 days ago
I have flagged up repeatedly that one almighty headache for Neil Woodford is that NEX lobster pot listed joke company Proton Partners International (PPI) has a legally binding right to demand up to £70 million in equity investment from Nei Woodford’s funds. Given that its shares have traded once in the 3 and a half months since its scandalous IPO this is a real nightmare. At 5PM today we learned Proton has called Woodford for £25 million…questions, questions…
1995 days ago
Well, the Income Focus Fund hasn’t been suspended yet and nobody’s sacked him today. Ooops TW Correction, it has just em erged that the mandate to manage the £330 million Omnis Fund has been terminated by Openwork. Woodford is utterly toxic. So, as Nigel was saying, until late this afternoon no-one had sacked Neil Woodford so that counts as a good day….
1995 days ago
I start with a few reflections on D day from my own family history. Then I look at Neil Woodford and what needs to happen.Then at unfolding events at Diversified Gas & Oil (DGOC) which make it, arguably, the most compelling short on AIM. Do folks understand the scale of what is going on here? Then I cover Motif Bio (MTFB), Cabot Energy (CAB) and finally Blue Jay (JAY) another truly compelling short.
1996 days ago
In short it all depends on the greed of Neil Woodford himself. Let me explain.
1996 days ago
In today’s bearcast I start with a range of matters relating to Neil Woodford including brokers lifting our research, Purplebricks (PURP), Provident Financial (PFG) and Non-Standard Finance (NSF). And I make Neil a generous offer on Proton Partners (PPI). Then I look at Diversified Gas & Oil (DGOC) and the dumb fuck clients of Cenkos (CNKS). Finally a brief look at Ironveld (IRON) and at the Bluejay (JAY) hound. Postcript: Cynical Bear points out that today’s TRI shows Woody is in fact selling Purplebricks in the market as well. Timber!
1996 days ago
Neil Woodford has released a short video aimed at reassuring investors in his now suspended Equity Income Fund. It will have the opposite effect. It is stumbling, incoherent, in parts misleading and frankly Neil looks like an ill man who is under mammoth stress. I can see why.
1999 days ago
In today’s podcast I add a bit more to the earlier coverage of Diversified Gas & Oil (DCOG) which is an outstanding short, look at Management Resource Solutions (MRS), and Gooch & Housego (GHH). Then I look at Woodford, play out some end game scenarios and look at 10 stocks which could go bust by Christmas as a result of this fiasco.
1999 days ago
As you may recall I invested £8 to become a loyal shareholder in the Woodford Patient Capital Trust (WPCT) and attended its AGM on May 16 to give Neil Woodford a right duffing up. Woodford misled that meeting and for that, as well as gross incompetence, he should be fired at once. I have written to our great leader, chair Susan Searle with calls for immediate action. The letter is below:
1999 days ago
The deadwood press was fawning as a pack over Neil Woodford until relatively recently. For a long time myself and other other writers here, notably Cynical Bear and Nigel Somerville, were lone voices in the wilderness though our analysis was spot on. But in recent times Neil has lost most of his makes but some still stayed loyal.
1999 days ago
Neil Woodford, Britain’s best known fund manager has seen his empire start to crash and crumble today with a suspension of dealings in his flagship fund. Some in the corrupt deadwood press, like the Mail on Sunday, were still praising Woodford yesterday. Others have turned bearish over the past few months having previoously drunk the cool aid. But for almost two years we have been calling this out as a debacle waiting to happen, you can see our full, and incredibly detailed, coverage HERE. Site Editor Tom Winnifrith gave a keynote address at UK Investor 2018 predicting exactly what would happen and highlighting numerous red flags. You can see that video, now shown to be UK Investor at its finest, below
1999 days ago
You cannot say that this website did not warn you so many times. Our coverage of Neil Woodford over the past two years has been streets ahead of the game – as you can see HERE – and now the drama has become a crisis. Dealing in units in Neil Woodford’s flagship Equity Income has been suspended ‘with immediate effect and until further notice’ after a spike in redemptions. We told you there was a liquidity crisis. We told you the FCA was on the case. As I called him out at his AGM, Neil Woodford accused me – by name – of publishing fake news. Sir, I am owed an apology.. So are your poor investors.
1999 days ago
I am always happy to assist my good friends round at the FCA and start with this and Julie “Lingerie on Expenses” Meyer. I move on to Neil Woodford and Kier (KIE), then Yourgene (YGEN) and a long chat with Adam Reynolds, Bluejay Mining (JAY), Argo Blockchain (ARB) and Eqtec (EQT).
1999 days ago
Today’s monumental disaster for embattled fund manager Neil Woodford is Kier (KIE) as Nigel Somerville outlines HERE. But how did Nomates react when he heard the news? We have a photo below and your mission, to win a signed photo of Julie “Lingerie on Expenses” filling out her tax return, is to supply a suitable caption in the comments section below. The deadline is midnight tonight, do your worst.
1999 days ago
We must be doing something right. We are! We are exposing wrongdoing in financial services and thus I detail the three attempts to shut this site down of late. We will fight on and thank you for your support. If you value what we do please get others to subscribe HERE. I also look at the canard at the heart of the defence for Neil Woodford, a line spun to the Times today.
1999 days ago
Someone wants to gag the free press and has sent me a fascist and ludicrous lawyers letter. But who wants to suffer the curse of the Sheriff? make your guesses in the comments section below. It is not Neil Woodford but I discuss his woes, I look at Karelian Diamonds (KDR) and offer to back those wanting to sack the board, comment again on BlueJay (JAY) and its porky pie and look at results from Audioboom (BOOM). Finally, my cats are now showing their teeth as trained vermin killers.
1999 days ago
In today’s bearcast I look at the growing woes of Neil Woodford, Blue Jay Mining (JAY), Plutus Powergen (PPG), Mila (MILA), Big Dish (DISH), Condor Gold (CNR) and Thomas Cook (TCG)
1999 days ago
At the AGM of the Woodford Patient Capital Trust (WPCT) which I attended, Neil Woodford insisted that his teetering fund management empire was suffering because of inaccurate media reporting and he singled out one journalist, my good self, in this respect. One of the things Neil reckons I have made up is that the FCA is monitoring his very serious liquidity crisis.
2006 days ago
Firstly a few words on Woodlarks. Your generosity has secured its funding for another year. So thanks to all who supported the rogue bloggers. Photos of myself and other old codgers crossing the line are HERE. If you have yet to donate we need just £690 more to hit £50,000 so please donate HERE. Then it is onto Woodford and taking out the spin of the stories in today’s Sunday Times it looks really grim and I explain why it could be end game by early July and also why I think we loyal Woodford Patient Capital Trust (WPCT) shareholders were misled at the recent AGM.
2015 days ago
Today’s Bearcast is late and I did no training walk as I feel a touch under the weather. On Thursday I quizzed Neil Woodford about Proton Partners International (PPI) and he bull-shitted for England. On Friday he chucked another £10 million of other folks cash down the Proton pan which opens up a whole new can of worms in terms of valuations which I discuss in detail. Neil has yet to donate for Rogue Bloggers for Woodlarks despite my polite AGM request and 70% of bearcast listeners have not chipped in either. Please rectify that HERE
2016 days ago
I start with a comment on the amazing generosity of one person donating more than £11,000 to Rogue Bloggers for Woodlarks yesterday. It was not Neil Woodford though I did ask. Anyhow: to the 75% of you yet to donate think of me this weekend on a) my last training walk ahead of 33 miles next weekend and b) entertaining a visiting mother in law. As you think of my weekend, please donate HERE. In the podcast I discuss Woodford’s latest bad news, Maistro (MAIS), Blur as was, UK Oil & Gas (UKOG) and Staffline (STAF). I also offer advice to Andrew Monk on which 1 AIM stock he should buy today for his mother’s IHT Portfolio.
2016 days ago
Today’s bearcast is a full report on the AGM of Neil Woodford’s Woodford Patient Capital Trust (WPCT) which I’d score as a win for me against the great fund manager and his chairman Susan Searle. I did manage to get Cheryl Cole into the debate and I did ask Neil woodford to donate to rogue bloggers for Woodlarks, as you can do here,, but I also took the board to task on a number of other matters and managed to get Neil pretty riled. Happy days.
2016 days ago
The £2 billion valuation of Benevolent AI flatters the NAV of Woodford Patient Capital Trust (WPCT), whose AGM I shall be attending this morning, and has – on its own – earned Neil Woodford c£2 million pa in management fees as a result of the EIF Holding. We have covered this Theranos in waiting many times HERE. But what is the scientific view?
2016 days ago
I explain the nature of the fraud and why I am so livid. My anger is compounded by Wrexham Council and its inability to sign roadworks which wasted half an hour of my life. Then I find I agree with David Lenigas on something: can life get any worse? I discuss Argo BlockChain (ARB), PureCircle (PURE), Cabot Energy (VAB), Watchstone (WTG) and Toople (TOOP). Maybe I have a second question for Neil Woodford, will anyone pay £250 for me to ask it? If you are yet to donate to Rogue Bloggers for Woodlarks we are now at £27,000 raised so please chip in HERE.
2016 days ago
At 10.30 AM tomorrow I shall be in the City of Lost Causes for the AGM of Neil Woodford’s investment trust dog Woodford Patient Capital Trust (WPCT) where, as the loyal owner of 10 shares, I have a few questions for Britain’s most conceited fund manager.
2021 days ago
In today’s bearcast I look at Neil Woodford’s latest woes, Afriag (AFRI) and the vermin like behaviour of its morally bankrupt advisor Peterhouse, Sabien (SNT), Argo Blockchain (ARB) – whose directors are also the sort of filth you scrape off your shoes and 8 Peaks Group (8PG) (ditto). After all of that I ask you to cosnider my weekend training walk HERE and in light of my entirely self inflicted suffering back the Rogue Bloggers for Woodlarks HERE
2021 days ago
Naturally, as a keen supporter of the poor, underpaid, over-worked, over-stressed public sector workers, I am distraught to see that Kent County Council has invested more than £300 million of its staff pension scheme with Neil Woodford. So far Woodford has, while earning a huge and obscene salary himself, spunked £60 million of KCCs cash. But there is still £255 million left and the folks at KCC are “frit”
2021 days ago
In two weeks time I shall be at, or around the 18 mile lunch break point in the 33 Rogue Bloggers for Woodlarks walk with 11 others. As soon as today’s podcast is loaded I am off on a training walk from the Welsh Hovel along the River Dee, switching after three quarters of a mile to the English side. There will be photos later. As you consicder that PLEASE DONATE TO ROGUE BLOGGERS FOR WOODLARKS TODAY HERE. In the podcast I discuss the desparation of Neil Woodford and the bad choices he is being forced to make as a result.
2021 days ago
In today’s bearcast I cover Diageo (DGE), Versarien (VRS), Mayan (MYN), Vela (VELA), Dev Clever (DEV) and i3 Energy (i3E). No doubt Mr Ricketts wants to be a hero and ahead of my next training walk tomorrow I beg you to be one too and get us past £20,000 raised by donating HERE
2021 days ago
Well what’s not to like about the latest pot-pouri of bad news from Purplebricks (PURP)? I start with the basic premis that a company that screws both staff and customers will, in the end, come a cropper and – Purplebricks is such a company. Only an arrogant buffoon such as Neil Woodford could fail to recognise that. So let’s start with the management change.
2021 days ago
Purplebricks (PURP) is notorious for sending fascist lawyers letters to folks who criticise it. But in the US libel laws favour free speech not heavy handed corporates keen to gag whsitleblowers. Ultimately a business model that is predicated on screwing both staff and customers is doomed to fail and I shall turn to the latest lack of profits warning from Purplebricks later today. However, for now, I inveite you do enjoy the world of Purplebrickssucks.com - read at your leisure and having done so I am sure you’d agree that only a true moron or Neil Woodford, would want to own shares in this company.
2025 days ago
I start with Neil Woodford, via the lackies like Jeff Prestridge at the Mail on Sunday talking bollocks on Brexit, the markets and his doomed funds. Then it is onto someone who has given £50 to Rogue Bloggers for Woodlarks. Get in touch you POS and I shall refund you personally as you lie in bed with fraudsters and other scum. If you are not on the side of financial gangsters and wan t to back a good cause please do so HERE
2033 days ago
It has not been a good day. Firstly the Mrs left a door not fully closed and two cats have become one, Quincey has gone AWOL. Then I had to watch a crazy cat woman Carole Cadwalladr video for the sake of Woodlarks. Finally we have suffered a DOS attack. Someone does not like our exposes of fraud and malpractice. We will not be silenced. As you consider my Cadwalladr suffering please donate to Rogue Bloggers for Woodlarks HERE. In the podcast I cover Neil Woodford, Xeros (XSG), Eight Peaks (8PG), Alien Metals (UFO), African Battery Metals (ABM), Countrywide (CWD), Purplebricks (PURP) and the quoted housebuilders.
2044 days ago
In today’s podcast I look in detail at Managenent Resource Solutions (MRS), Yourgene (YGEN), First Derivatives (FDP) and hapless Neil Woodford and the crashing yield on his Equity Income Fund. How soon will that force Hargeaves Lansdown (HL.) to drop him? And I discuss my plans for weekend training walks as I urge you to become a hero as we surge through 25% of our Rogue Bloggers for Woodlarks target HERE
2045 days ago
I start with a discussion abiut a 19 mile rogue bloggers training walk today and about Woodlarks which I compare to the big name charities. I beg you to join the roll call of heros HERE. Then I look at Neil Woodford and events in Guernsey and explian in detail the role of the FCA and the ACD and why this could collapse very soon indeed. I discuss why no IFA worth his or her salt can risk not advising clients to redeem.
2053 days ago
I start by talking you through yesterday's Odd One Out contest explaining the schoolboy error made by Nigel Somerville and others. I look at the Autolus news in relation to Woodford Patient Capital Trust (WPCT) where as a loyal shareholder I shall be attending the May 15 AGM in Oxford with a few questions for Neil "nomates" Woodford. I flag up a shocking little episode at Clear Leisure (CLP) which should make you worry about Octagonal (OCT) and Inspirit (INSP) given that their FD is disgraced Niliesh Jagatia then discuss Management Resource Solutions (MRS) and finally, in detail, Toople (TOOP). Tomorrow I really will read out a Woodlarks heros roll call. Please join that list ahead of then HERE
2054 days ago
In today's bearcast I look at Cabot Energy (CAB), Andalas Energy (ADL), Eve Sleep (EVE), Indivior (INDV) and, with Neil Woodford in mind, Allied Minds (ALM). To join the roll call of heros go HERE
2056 days ago
In today's podcast, my last Monday bearcast from the civilised south as opposed to the Grim North, I start with a look at another blue chip high yield stock Neil Woodford is being forced to sell as a result of the flood of redemptions. Then I have a revelation of shame about Daniel Stewart (DAN) and executive largesse. Then I look at the Yourgene (YGEN) trading statement and the lamentable research note it produced from FinnCrap (FCAP) which I reproduce in full below. Really: it is time to sack FinnCap and get a proper broker on board Finally a look at Adept4 (AD4) and an appeal to you all to join the roll call of heros HERE
2059 days ago
Two high profile sinners repenteth and the writing is now very firmly on the wall for Purplebricks (PURP) as it starts a year when it will almost certainly run out of money. The sinners: broker Berenberg and Britains's most conceited fund manager Neil Woodford.
2065 days ago
Neil Woodford needs money for his funds urgently but to give to a far more deserving cause which I may have mentioned once or twice go HERE. I discuss damning statistics for the AIM Casino, Inspirit (INP), Mobile Streams (MOS) and in the Woodford section Paypoint (PAY), Imperial Brands (IMB) and now Strix (KETL), another jolly good income and growth play he is dumping.
2066 days ago
The threat of a photo of Dan Levi's Y Fronts post sore bottom training walk remains, so please donate to Rogue Bloggers for Woodlarks HERE. In today's podcast I look at Condor Gold (CNR), the struggling explorer backed so heavily by my good friend Jim Mellon. It looks to be in real trouble. Then good news for Neil Woodford. As of today I am a loyal shareholder in his Patient Capital Trust (WPCT) and looking forward to the AGM greatly. I have a favour to ask of Bearcast listeners living close to Oxford who fancy a day out in the City of Lost Causes in late May or early June.
2066 days ago
This morning Nigel noted that Neil Woodford had been buying Kier – around 1.2% of it in the wake of last week’s awful results and a 79% pruning of the dividend. It is not exactly the sort of performance for an equity income fund, I would have thought! But It turns out that Neil has also been selling Paypoint (PAY) – which trades on an underlying yield of c 5.5% (but 9.9% if you include bonus payments) and where the payout is safe as houses. That sounds perfect for an equity income fund! I must be stupid…..
2066 days ago
In today's bearcast I speculate how Neil Woodford's flagship dog, his Equity Income Fund, appears to have lost £90 million since the weekend. I look at RM2 (RM2) - largest shareholder Mr Woodford - where a statement is needed as insolvency beckons, at Motof Bio (MTFB) and at Big Sofa (BST). I also discuss Dan Levi's bum and the problems generated by his latest 20 mile training walk for Woodlarks. If you'd rather I desisted from any further discussions of this nature make a donation to the Rogue Bloggers walk for Woodlarks NOW HERE
2066 days ago
Britain’s most conceited fund manager, Neil Woodford, has been catching the Purplebricks (PURP) falling knife all the way down and, as at October, his funds owned 29.25% of the company and so he really can’t buy many more shares. And the problem is that no-one else out there is daft enough to throw good money after bad and thus the stock continues to head south. At 123.8p to sell the shares are almost back at the level of the most recent profits warning on February 21. That tells you that another warning, a full year one, is one the way.
2069 days ago
The trouble with Roger Lawson of ShareSoc is that he is too much of a nice guy. As a keen reader of this web site he has more than enough ammo to really stick it to hapless Neil Woodford, the posterboy of the we must reward failure movement. But in his own way, Lawson has today joined we Woodford Bears with his own attack. He opines and the underline is mine.
2069 days ago
Yesterday's bearcast explained the massive red flag of Neil Woodford having to sell his crown jewelsd, shares in Imperial Brands. Today, his most devoted follower on the sewer that is Fleet Street, Jeff Prestridge of the Mail on Sunday has, after 30 years of loyally kissing Woodford's arse at least once a fortnight, abandoned ship. The ship once swarmed with parasitic and, often unthinking, rats. Now there is just one left, Hargreaves Lansdown. I explian what this all means. If you enjoyed this, almost 100% profanity free, bearcast, follow a bloke from the Grim North who donated enough to buy a whole house in the welfare safari and support the Rogue Bloggers for Woodlarks HERE.
2072 days ago
In today's bearcast I look at the almost certain death of Debenhams (DEB) and the wider issues in retail. Then I engage in some very detailed Neil Woodford number crunching as we unearth evidence of the severity of his liquidity crisis. If you enjoyed this, almost, profanity free bearcast, follow a bloke from the Grim North who donated enough to buy a whole house in the welfare safari and support the Rogue Bloggers for Woodlarks HERE.
2075 days ago
In today's podcast I explain why Julie Meyer has spurred me to battle on, though I do consider calling it a day now and again. I look at Quindell (QPP), London & Capital Finance, Neil Woodford, and flag up that the FCA has opened or stepped up an enquiry into another company I covered in some detail. You can speculate which, more details when Winnileaks comes good. I look at Red Emperor (RMP), IQE (IQE), Verseon (VERS) and Blue Jay Mining (JAY). If you enjoyed this, I think, profanity free bearcast, follow a bloke from the Grim North who donated enough to buy a whole house in the welfare safari and support the Rogue Bloggers for Woodlarks HERE.
2075 days ago
Neil Woodford has today spunked £7.5 million more of his investors cash in a £7.7 million placing by joke company Verseon (VERS). It is a cynical and seedy waste of other folks cash which shows the moral rot that has set in at the heart of the crumbling empire of Britain’s most disliked, failing, fund manager.
2081 days ago
NetScientific (NSCI), the AIM casino listed investment dog backed by Neil Woodford, says that it notes its recent share price movement and confirms that it is not aware of any reason for such movement. It then goes onto to try and spoof any mug punters still reading..
2083 days ago
In today's bearcast I discuss I3 Energy (I3E), Redde (REDD) and hapless Neil Woodford, Concepta (CPT), Optibiotix (OPTI), Yourgene (YGEN), Big Sofa (BST), Mirriad (MIRI) and Mothercare (MTC). If you enjoyed this, less than PC, bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.
2085 days ago
I start with the utterly shite journalism of Jeff Presstrip in the Mail on Sunday which disgraces our profession as I explain HERE. Then it is onto Neil Woodford and two issues. First why HL just cannot tell its dumb clients to sell and, secondly, why the yield on the flasgship EIF will plunge from 4.1% today to something starting with a 2 within a year, if the fund still exists. That is by no means a given. If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.
2086 days ago
In today's podcast I look at Neil Woodford's latest disaster Redde (REDD) where i accuse the management led by Avril of recklessness. I believe that she is guilty of the same at BCA Marketplace (BCA) and explain why that is the next car crash for Neil Woodford. Then there is a note on GVC boss Kenny Alexander whose behaviour last week marks him down as a prize shit. And that is me being charitable. If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.
2087 days ago
In this bonus bearcast I discuss breaches, intentional and otherwise and all the sorts pf percentages that the FCA will be demanding Neil Woodford provide on, I suspect, a now daily basis as his funds continue to implode. I play our various scenarios but none look good for Neil. If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.
2087 days ago
In today's bearcast I discuss Neil Woodford's spivvery regarding Provident Financial (PFG), have a smoking rumour on Argo Blockchain (ARB) - which we own - comment on I3 Energy (I3E) as it dissembles and look at Quiz (QUIZ) and Sosandar (SOS) as well as Metals Exploration (MTL). If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.
2091 days ago
First of all. I deal with James Hurley who is obviously a pompous little prat and a total knobhead. Then it is onto Neil Woodfotd where, belatedly, the deadwood press is waking up. I do the math on his remaining FTSE 100 holdings. I am a bit tired. having done a 16 mile training walk for Woodlarks in rain, wind and mud today so as you think of an exhausted 51 year old man slowly recovering please support the rogue bloggers for Woodlarks HERE
2093 days ago
I am losing my voice and have had to postpone my training walk today. Tomorrow, come what may, I will do 15 miles. Think of an old and sick man, listen to my croaky voice and sponsor a rogue blogger for Woodlarks HERE. In today's podcast I look at how Neil Woodford has legged over the deadwood press yet again, at why i remain bearish on equities and at Malcolm's worst ever article, pure cobblers on Brexit and shares.
2094 days ago
Today we have news of a shocking transfer of unquoted crap from Woodford's flagship Equity Income Fund to Woodford Patient Capital Trust (WPCT). It may keep the FCA at bay on one point for a while but it is a joke that only serves to create fresh problems. And the RNS is misleading to boot on the issue of cash. Or lack of it. As I noted yesterday, the FCA would not tolerate this nonsense from any other fund manager but its pressure is forcing Nomates to act in an increasingly desperate manner. If you enjoyed this podcast please support the EIGHT rogue bloggers for Woodlarks with a small donation HERE
2095 days ago
I start today's podcast with an expansion on the themes in today's Tomograph, why I am so depressed about the currupt and rotten state of the West. I discuss Kenmare (KMR) and naked NEDs and then look at Neil Woodford with reference to today's IPO of Proton Partners (PPI). If this was any other fund manager the FCA would have moved in to replace him by now. If you enjoyed this podcast please support the EIGHT rogue bloggers for Woodlarks with a small donation HERE
2098 days ago
Eight days ago Neil Woodford’s PR spinners told their gophers in the lacky corrupt press, aka Peter Evans and Sabah Meddings of the Sunday Times to write a big puff piece about how Neil Woodford’ backed Proton Partners was planning to raise £50 million and list on the NEX lobster pot. It has not taken long for that fake news to be exposed, as no investors other than Woodford himself have been prepared to back this IPO – something revealed in the prospectus out today.
2100 days ago
I start with a brief discussion of my first longish Woodlarks training walk. 12 Miles done and dusted. As you consider my rather smelly feet please make a small donation to rogue bloggers for Woodlarks HERE. Then I look at Provident Financial (PFG) and mention BCA Marketplace (BCA) and Purplebricks (PURP) en passant before commenting on Malcolm Stacey's article of earlier on penny shares.
2101 days ago
You cannot say that this site has not warned you repeatedly. But some folks like Neil Woodford knew better. Britain's top share blogger (mornings only), Thirsty Paul Scott, was also a fan and we know how accurate his analysis is. I don't know about Scott but Woodford has been averaging down aggressively. Neil always knows better which is why he is worth £37 million a year. Today we have another high profile horror story for Britain’s most conceited fund manager & yet another shocker for the nation's thirstiest share blogger, with a truly shocking lack of profits warning. I shall explain below why this makes the target price 0p....it is enough to turn a man to drink.
2105 days ago
The Sunday Times “reveals” ( i.e. is told by Neil Woodford’s PR spinners) that his Proton Partners , proton beam centre operator, is planning a £320 million IPO and hoping to raise £50 million on, o-f all places, the NEX Lobster pot. This is a spoof but the deadwood press ( step forward Peter Evans and Sabah Meddings) are happy to assist the great one.
2112 days ago
Halosource (HAL) was the company Neil Woodford backed heavily to disrupt the world of drinking water. Whatever…
2123 days ago
In the old days ( i.e only three years ago) the BBC pension fund was invested, as it should have been in safe dividend plays like BP, Shell and BAT Industries. But that sort of portfolio played badly with the uber politically correct state funded broadcaster. So its all change. The new top 20 holdings as at 31 March 2018 are below.
2126 days ago
In today's podcast there are repeated references to Cheryl Cole as I discuss Utilitywise (UTW), Sensyne Health (SENS), Neil "smug bastard" Woodford, Flybe (FLYB), Eqtec (EQT), Phontonstar Led (PSL), Active Energy (AEG) and Altona Resources (ANR)
2128 days ago
In today's podcast I look at Frontera (FRR) and the latest ramblings of the disgraced whore blogger Malcolm Graham Wood, at Neil Woodford disaster Midatech (MTPH), at AIQ (AIQ), Flybe (FLYB), Tertiary Minerals (TYM), Tower Resources (TRP), and at Altona (ANR)
2130 days ago
How I suffer for you dear listeners. All is explained. Then there is a long discussion on the administration of Patisserie Holdings (CAKE). I move on with a few more words on The Escape Group (ESC) which I covered HERE and then look at Eve Sleep (EVE) and the folly of Neil Woodford, Scancell (SCLP), Anglesey Mining (AYM), Ariana (AAU), Bluebird Merchant Ventures (BMV), Chesterfield (CHF) and Metro Bank (MTRO). Finally it is one day to ouzo time (again) on Frontera Resources (FRR).
2139 days ago
I start with a few thoughts on this, the birthday, of Martin Luther King. Then onto the two disasters for the £37 million smug bastard, Neil "nomates" Woodford: Netscientific (NSCI) and Provident Financial (PFG). I look at Big Sofa (BST) and Yourgene (YGEN) , my nap for Q1, then onto Victoria Carpets (VCP) and finally a detailed laook at the fraud that is Eden Research (EDEN).
2144 days ago
Yesterday we exposed the sheer greed and reward for failure of Neil Woodford, trousering a small fortune for just one year’s work, as investors in his funds lost a packet. Today the deadwood press have followed up and have swallowed bullshit without question. It is a sad sight and shows why the MSM is not fit for purpose.
2144 days ago
In today's podcast I start with the shocking revelations about Neil Woodford's greed and reward for failure. Folks like Nomates are more of a threat to capitalism than Lenin. I am vindicated on Anglo African Oil & Gas (AAOG) and await apologies from the Bulletin Board Morons. I discuss the whole affair including the shameless behaviuour of FinnCap (FCAP). Truly FinnCrap is a moral sewer. I discuss First Derivatives (FDP), offer up my nap buy for Q1 2019 and have some questions that require an urgent answer from John Gunn's Octagonal (OCT)
2144 days ago
As this morning’s shock revelations about Neil Woodford’s greed and reward for abject failure start to sink in, I imagine that many investors in his funds will be feeling a deep sense of disgust and regret. Perhaps they will blame those who advised them to invest and who, as the performance has gone from bad to worse, to even worse, have told them to hang on or average down. Perhaps the biggest cheerleader has been Hargreaves Lansdown which has just published another blow job type piece on Woodford.
2144 days ago
Neil Woodford’s Woodford Investment Management results for the year to to March 31 2018 have finally been released. The good news is they were filed on time – they were received by Companies House on Christmas Eve. The bad news is that over the period his equity income fund lost around 13.5% for his unit holders whilst the FTSE All-Share was broadly flat. And the shocker? Read on! This is the unacceptable face of capitalism, monstrous greed, as failure is rewarded.
2146 days ago
Belatedly Woodford has just filed accounts at Companies House - they will b e available in 5 days. Last Week the old Companies House website stated that Woodford Investment Management had not filed its accounts for the year to March 31 2018 by the December 31 deadline as we showed HERE. This morning, as you can see below, the new website has showed the same thing. What was Britain's most conceited fund manager not so keen we see. The 2017 accounts may give a clue.
2146 days ago
Now that it is double official that Woodford Investment Management did not file its annual report on time we should award a semi naked photo of Britain's top share blogger (mornings only) thirsty Paul Scott as we pick out a winner of The Neil Woodford late filing caption contest. As you can see here there were a good few entries but the best caption for the picture below came from:
2150 days ago
In today's bearcast I have a hot rumour about Neil Woodford and I look at a moron called Craig who owns shares in Independent Oil & Gas (IOG) and is a classic moron. I look at that company at Circassia (CIR) - a Woodford dog - and at Gear4Music (G4M). Tomorrow I take my family and my son Joshua's godfather Lucian Miers to the London Stadium to see mighty West Ham in the cup so I'm not sure when Saturday copy will arrive.
2150 days ago
The FCA must be all over him on this matter as Neil Woodford is now 4 days late with the Woodford Investment management annual report. What is he hiding? As we wait for Britain's most conceited fund manager to come clean and file, I invite you to provide a suitable capition for the image underneath in the comments section below. As ever the prioze for the wittiest entry is a semi naked photo of Britain's top share blogger (mornings only), thirsty Paul Scott. The deadline to enter is midnight Saturday, January 5.
2151 days ago
Last year Britain’s most conceited fund manager, whose flagship fund is ranked 241/241 for performance, Mr Neil Woodford filed accounts 11 days before the deadline, on 20 December. This year Woodford Investment management has yet to file its accounts for the year to March 31 2018. It is late. It will be fined. The FCA will be having kittens. You want proof?
2152 days ago
In 2017 Neil Woodford filed accounts for Woodford Investment Management, due by December 31, on December 20th. It was thus at a time when no-one was reading the financial press that it emerged that despite a shite year for his investors, for to the 12 months to March 31 2017, Neil himself had trousered £7 million in dividends as a reward for being so useless.
2154 days ago
Nope Cheryl Cole is not mentioned. But plenty of other old faves including Quindell (QPP), Globo (GBO), MySquar (MYSQ), Julie "Lingerie on Expenses" Meyer, Big Sofa (BST), Wishbone (WSBN) and Neil Woodford are. There are six resolutions. The first concerns fitness and the walk for Woodlarks where I urge you to donate HERE
2156 days ago
I still feel like shite and want to go to bed clutching a half full bottle of brandy. Pro tem I look at the disgrace of the New Year's honours lists for business and in general, I tell you exactly what Neil Woodford is hiding and I explain why the share tips of the year from my friend and colleague Darren Atwater are 100% insanity, the product of a mind infected with full blown Brexit derangement syndrome.
2158 days ago
‘Twas the night before Christmas. The man who liked to be known not only for his humility but also for being Britain’s greatest ever fund manager lay back on his disruptive Eve mattress next to his rather flatulent but ever faithful old poodle Dampers. Whilst his companion snored loudly, Neil Woodford was deeply troubled by not just one but a second ghostly apparition that night.
2158 days ago
‘Twas the night before Christmas. Neil Woodford had pushed the apparition claiming to be the ghost of Christmas Past out of the window’s provided by “our locks are as safe as our dividends” Kier and had now bolted them firmly shut.
2162 days ago
‘Twas the night before Christmas and the man who liked to be known as Britain’s Buffett paced up and down his bedroom, deep in thought. Attending the local carol service at the Church nearest his Country Estate, Neil Woodford felt that he had so much in common with the wise men but like the Shepherds he was this evening of a troubled mind.
2163 days ago
Yesterday I asked which fund manager was just so strapped for cash that he had been forced to sell 13 million BCA Marketplace (BCA) shares at 190p when the stock traded at 205p. I thought it was Neil Woodford. I was, as is almost invariably the case, correct – see HERE. And that makes the questions asked in today’s bonus Bearcast special, end game for Nomates, even more pertinent.
2163 days ago
Happy Christmas Neil Woodford. I am sure that the £7 million you earned last year will be some consolation in what must be trying times. In this bonus podcast I explian why I think the troubles for Woodford are far worse than folks think, what, I believe, the FCA is doing and how close we are to end game. There are two scenarios and both are ugly.
2165 days ago
I start with a report back on my torture of last night. Then I look at a day of woe for Neil Woodford, commenting on the Kier (KIE) debacle which has shown him at his arrogant and reckless worst. Then I ask questions about share trades announced late yesterday in BCA marketplace (BCA), I look at Sosandar (SOS), Optibiotix (OPTI), Bluebird Merchant Ventures (BMV), Yu (YU.) and at Avanti Comunications (AVN).
2165 days ago
In this case the turd has been sugared, the pill polished but make no mistake, Midatech Pharma (MTPH) is well in the merde and that is bad news for Britain’s most conceited fund manager Neil Woodford whose funds own 20% of the equity.
2165 days ago
There were two enormous red flags waving at NetScientific (NSCI), the healthcare IP commercialisation group. The first was the announcement a few weeks ago of a “strategic review” which in plain English means “we are fucked” and the second was that Britain’s worst performing fund manager Neil “Nomates” Woodford owns 47% of the company with the funds he used to manage round at Invesco owning another 19%. And so to today’s disastrous news.
2166 days ago
I start with the issue of fund managers and redemptions and thus forced selling of shares. Not just Neil Woodford, a special case, but generally. I look at this in the context of what corporate newsflow I expect in January. I also look at Urals Energy (UEN), Telit (TCM) and the FCA, Andalas (ADL) and UK Oil & Gas (UKOG) answering a point posed by our own in house Bulletin Board loon Wildes HERE.
2167 days ago
I start off with news from Woodlarks. Then I ask if shareholders in Frontera (FRR) are all stark raving mad in light of this and question why Alliance News appears complicit in market abuse. Then onto ASOS (ASC), Boohoo(BOO) and Sosandar (SOS). I explain why the three are trading differently and what the shocker from ASOS means for the wider stockmarket. Whole sectors are officially on the bargepole list (although Neil Woodford appears to disagree).
2176 days ago
I start with news of a washing panic at the Greek Hovel. Then I look at why the mainstream financial press are part of the problem not the solution to stockmarket over-promotes and indeed outright criminality. In the podcast I look specifically at The Times on Neil Woodford and at The Sunday Times on Hollywood Bowl (BOWL) and Midas in the Mail on Sunday on the IPO of AJ Bell (AJB)
2178 days ago
A few days ago, I asked you all to come up with suitable captions for a picture of Britain's most conceited fund manager in action, destroying value. as you can see here. There were many half decent entries and also a couple from Wildes who has obviously been drooling over pictures of crazy cat woman Carole Cadwalladr again and thus returned to his favourite subject. However the winner of the semi naked photo of Britain's top share blogger (mornings only), Thirsty Paul Scott is..
2178 days ago
I start with a few Greek ramblings, The Iliad and the Greek Hovel, going to a bank, etc. Then I look at the wider stockmarket woes and then onto TrakM8 (TRAK), Versarien (VRS), BlueJay (JAY), FinnCrap (FCAP) and the resigning analyst and finally I have grave questions about the statement made on November 15 by Neil Woodford dog Eve Sleep (EVE). Surely there must be a steward's?
2179 days ago
After spunking millions backing companies wanting to change the laws of physics or disrupt the markets for wooden pallets, washing machines and drinking water a chance to revolutionise the world of mattresses was just too good to pass up on for Neil Woodford. So he backed the May 2017 IPO of Eve Sleep (EVE) at 100p heavily and as the share price sank he added to his holding taking it to 29.05%. Neil always knows better than the market….
2179 days ago
After recent disasters such as Kier (KIE) and faced with wall to wall redemptions, funds managed by Neil “nomates” Woodford are clearly utterly desperate for cash. Today another sign of just how big is that crisis emerged. It’s a shocker.
2179 days ago
Of course they are not disasters for uber smug Neil Woodford. He earned £7 million last year. But for those dumb enough to entrust him with their money it has been another bad few days. On Friday it was Kier. Yesterday it was Halosource. Today it was Amo Pharma. So to win a semi naked photo of Britain's top share blogger (mornings only), Thirsty Paul Scott please supply a suitable caption in the comments section on ShareProphets for the photo below of the great fund manager creating value. The deadline for entries is midnight Wednesday, 5 December.
2179 days ago
I start with the news about the olive harvest. When you get the full financial report you will laugh. I almost did. I am almost tempted to get Neil Woodford to invest in it. Then I discuss Thomas Cook (TCG), Audioboom (BUST) and Tekmar (TGP), another disastrous IPO on the AIM Casino. I also discuss the battle between the metropolitan elites and the rest of us ref. France, but also the UK and Brexit.
2179 days ago
In October 2016 Neil Woodford’s Patient Capital Trust (WPCT) spunked £12.281 million with an investment into unquoted cash guzzler Amo Pharma. Amo has belatedly filed its calendar 2017 accounts and it looks grim. Suffice to say Britain’s most conceited fund manager is the sole institutional backer.
2182 days ago
Gabriel's dossier should appear here 2.15 PM London time. It is explosive. In today's podcast I discuss Telit (TCM) and shamed FinnCrap, Halosource (HAL) and hapless Neil Woodford, Audioboom (BOOM) and a backfiring spoof, Tomco (TCM), Yourgene (YGEN) and the weather here in Greece as the olive harvest draws to a close.
2182 days ago
I start with a few words about the harvest. The team of three worked until it was dark. Then I reveal Bernard's shameful confessions. Then more on the folly of Neil Woodford and lessons from Kier. Neil is yet to get back to me about my business proposition from yesterday. Come on old boy £2 million for 20%, what's not to like?
2182 days ago
Forgive the lack of copy on ShareProphets today and the tardy bearcast. All is explained. I look at Woodford's latest disaster, Kier (KIE) but have a corking business proposition for Neil. It just cannot fail, all I am seeking is £3 million for 20%. And I have bought shares in a company on AIM. You will think I am bonkers but let me explain why I have made a material investment.
2188 days ago
Okay, he is a conceited, overpaid, arrogant mother so I don't really feel sorry for him but I explain his appalling problem at doomed RM2 (RM2). I also look at Inspirit (INSP), Sabien (SNT) and Tomco (TOM) all three of which should be taken out and shot as their sole purpose on the AIM Casino is as a funder for the coke and hookers used by crony capitalists in the City. I explain a flaw (or two) in Malcolm's thesis today as I look at three retailers in trouble: Marks & Spencer (MKS), Debenhams (DEB) and Mothercare (MTC).
2199 days ago
In today's bearcast I clarify why I believe Mrs May's Brexit deal sucks and should be binned. But what happens next? I outline a few possibilities but admit I have not got a scoobie. I then look at Neil Woodford dog Eve Sleep (EVE) and again at UK Oil & Gas (UKOG) after today's disastrous news.
2202 days ago
I explain why I am cursing Amazon almost daily. I look at redemptions and fund managers a problem lurking under the surface but also how do private investors react to stocks going to zero or doing an IQE (IQE). I look at worrying data from China and then at Utilitywire (UTW) - another Neil Woodford car crash - and at Interserve (IRV). Ouzo for Nigel Somerville soon I sense.
2203 days ago
In today's podcast I look at Babcock (BAB), which is not a fraud, and the fraud Globo (GBO) and the use of the word "refute". I also cover Johnston Press (JPR), RM2 (RM2) - another Neil Woodford dog - Haydale (HAYD) which looks increasing;y like a zero, Online Blockchain (OBC) and Amur Minerals (AMC)
2204 days ago
You could not make it up. Another week. Another Neil Woodford share support operation in the Mail on Sunday. I look at Woodford and wider issues he faces at The Times and Sunday Times and their shameful role in the MySquar (MYSQ) fraud and at Purplebricks (PURP) and the fundamental weakness in its business proposition that will ultimately sink it.
2206 days ago
The PR machine of Neil Woodford got its pliant servants at the Daily Mail and elsewhere in the corrupt deadwood press to make great play about how the Woodford Patient Capital Trust (WPCT) was about to go into the FTSE 250 Index so meaning that Index funds would have to buy the shares so the share price would go up. Uh Oh! Late last night came an announcement from the LSE:
2207 days ago
A trading update for its half-year ended 31st October 2018 from Purplebricks (PURP) is noticeable for what it fails to say not for what it actually says...
2207 days ago
Over the past two years one salient feature of the Neil Woodford car crash is that every couple of months the Daily Mail or Mail on Sunday, which were the biggest cheer-leaders for Nomates when he set up Woodford Investment Management, runs an article saying “it’s bad but will get better, average down.” The trouble is that the Mail thesis is based on one big lie. At the weekend it was veteran Personal Finance hack Jeff Prestridge who landed an exclusive interview, i.e a blow job for Neil.
2214 days ago
Happy Hop-tu-naa to any listeners in the Isle of Man, and happy Halloweebn to the rest of you. I start the podcast with a handy tip on dealing with the Trick or Treat menace. This afternoon I head off with Joshua to deal with the bastards at Barclays (see yesterday's bearcast) and I will report back on that tomorrow. I look at Crawshaw (CRAW), I3 Energy (I3E) doing a Cathy Newman, at Photonstar Led (PSL)) which is toast, Online Blockchain (OBC), at FastJet (FJET), lessons for Neil Woodford from GYG (GYG) and elsewhere and why Thirsty Paul Scott and others should keep December 3 free.
2214 days ago
Oh dear. When Neil Woodford spunked £8 million of other folks cash into the July 2017 100p a pop AIM casino IPO of yacht refitting company GYG (GYG) he thought this would be plain sailing. Oh no. Au contraire. The reverse Midas touch has struck Britain’s most arrogant fund mis-manager withy the second (lack of) profits warning in two months. Now I suggest the banks must be shitting themselves, the shares are 42.5p, sinking like the Titanic, as friendless as the Marie Celeste, and things are only going to get worse.
2219 days ago
In light of Cynical's piece earlier this week I discuss what happens next to Neil Woodford and his funds and it is not good. Of course some of us - not the useless FT - predicted it all a long while back as you can see in this excellent video from UK Investor show 2018 here
2221 days ago
In today's podcast I look at Purplebricks (PURP) and whether Neil Woodford is going nutso, Tesla (TSLA), RPS Group (RPS), Debenhams (DEB) and Feedback (FDBK)
2233 days ago
In today's podcast I start with a brief but of macro babble then look at RM2 (RM2) specifiocally but also at the wider Neil Woodford stable* of dogs. Then I discuss whether I'd buy into Patisserie Holdings (CAKE) at 50p. It is certainly not the same as Conviviality (CVR) which Thirsty Paul Scott bet heavily on the day before it went bust. There are similarities but 1 big difference.
2233 days ago
Forgive a brief historic digression at the start of this podcast but I start with a history lesson for those misguided souls who think that SinnFein/IRA brought peace and happiness to Ireland. Then I look at some other tossers from Ulster, First Derivatives (FDP) and the 3Xs. I comment briefly on Purplebricks (PURP) and Versarien (VRS) then move via BCA Marketplace (BCA) to Neil Woodford. Then it is onto MySquar (MYSQ), Symphony Environmental (SYM) and on to UK Oil & Gas (UKOG) with a few words for Dominic Frisby on the nature of bitcoin and its bubble ahead of our bust up next week in London.
2258 days ago
Shares in Neil Woodford uber dog RM2 (RM2) are up by 59% at 0.875p. That means that the market cap has jumped by £14.4 million to £38.8 million on the back of a contract win termed “significant” but which clearly is not and does not change the fact that this company is five minutes away from midnight, that is to say bankruptcy. It’s got to be placing ahoy.
2264 days ago
No doubt Cynical Bear who has called Xeros Technology (XSG) superbly, as a sell, will be a smug fellow tomorrow as this Neil Woodford Dog announces its interim results. The share price action is telling you that folks already know the worst – shareholders have to bail it out again or it will be going down well before the Christmas decorations go up.
2312 days ago
Thank you, thank you. we have reached our £20,000 target for Woodlarks. In fact Luke Johnson has just pledged £1,000 so we are now well over £21,000 but if we reach £25,000 Brokerman Dan will undress for you. More on that in the podcast but please donate, if you have not already, HERE. Elsewhere I look at Facebook (FB) and Robber Barons of the nineteenth century, at Imaginatik (IMTK) and Vin Murria, the Queen of Tech, at Range Resources (RRL) and at RM2 (RM") a Neil Woodford dog where I reckon cash is already looking tight, again!
2331 days ago
If Neil Woodford wants to make a few friends, as I sense right now he has none at all, he should put his stock in Purplebricks (PURP) up for borrow. Then at least the bears would like him. Because right now there is almost no borrow and the cost of shorting this company is c25% per annum which is a real deterrent. If there was some borrow these shares would halve at once after today’s shockingly bad results.
2336 days ago
As it happens I am in the process of buying a number of new mattresses for the house I have rebuilt in Greece. And it seems a remarkably simple process buying what is a commodity product. When my friend Nigel Wray says his mattress company Simba is revolutionising the market I cough and change the subject. But he is not the only one who thinks that mattresses need “disrupting”. Natch, Neil Woodford, the UK's most conceited fund manager, also thinks that, like washing machines, mattresses are ripe for a revolution. He owns just under 30% of Eve Sleep (EVE) shares of which are now in free fall.
2344 days ago
On my 24 mile walk with Lucian - a bit of a disaster as the last five miles were unplanned and very painful as described here - we discussed Tesla, Tern and the stockmarket bubble. I ponder that and then discuss a total Blow Job splash for Neil Woodford in the Mail on Sunday, a disgraceful day for "journalism."
2353 days ago
In today's Bearcast I reflect that it is now just 6 weeks and 1 day to the great event. With gift aid myself and Brokerman Dan have now raised more than £8500 for Woodlarks. As I prepare for a 14 mile training walk this weekend please do sponsor me - I am sure you can afford to donate a tenner HERE. In the podcast I look at Orosur Mining (OMI) - down 48% today but still 90% overvalued - UK Oil & Gas (UKOG), Kefi (KEFI) - where we own shares - RedstoneConnect (REDS), Purplebricks (PURP), Neil Woodford and Feedback (FDBK).
2354 days ago
Earlier today Stobart (STOB) fired its former boss Andrew Tinkler and threatened legal action against him for his actions. Via the Winnileaks service, I have obtained the letter from Stobart’s solicitors Rosenblatt sent to Tinkler which discusses the damning allegations made against him in detail. What is most extraordinary is that he is alleged to have been working in conjunction with fund manager Neil Woodford on actions that would have benefitted Tinkler and Woodford’s funds massively, at the expense of everyone else. This could be a scandal too far for Woodford… The letter is extraordinary and we publish it in full below…
2402 days ago
The room was packed and I did not hold back one iota. I was nervous ahead of this talk as I knew that it would get a full house and, despite the intervention of my 18 month old son Joshua, I think it flowed well. It is no holds barred stuff on Britain's most conceited fund manager and explains why he is in very deep trouble indeed.
2402 days ago
Oh dear it is another bad day at the office for Neil Woodford. First up I answer the question posed by Cynical about the great man HERE. Then I look at the disasters one of which told a monstrous lie in its RNS today: Mereo BioPharma (MPH), Mirriad (MIRI) and Hvivo (DOG). Then I look at Concepta (CPT), shares in which we own, Nighthawk (HAWK) and its dead cat bounce and finally at uber ramp Sound Energy (SOU) and what a CPR based on 2D seismic really means, i.e. Jack shit.
2407 days ago
I will see many of you at UK INvestor today. This was recorded last night as I struggled with my Neil Woodford talk. On that note I praise Cynical Bear for his amazing work on exposing Nomates but also all my colleagues at ShareProphets as working with them (even Darren) really can be good fun. I look like a bit of a prat selling my AIQ (AIQ) at 45p but a 130p share price at the close on Friday is a scandal and benefits no-one. I discuss what an outrage this is in detail and loom back to a similar bout of madness involving my pals Nick Leslau and Nigel Wray back in the dot com era. That was market madness, this is - I think - a genuine scandal.
2409 days ago
Im am putting off assorting my jumbled thoughts on Neil Woodford and the fraud MySquar (MYSQ) into an ordered presentation but that is for this afternoon. Pro tem I look at Avanti Communications (AVN), IQE (IQE), Mobile Streams (MOS), Nighthawk (HAWK) - off 60% today but still at the very least 80% overvalued - and Leaf Clean Energy (LEAF). If you like bearcasts then remember that at UK Investor on April 21 - THIS SATURDAY - one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH. ORDER NOW and we cannt post but will email you a ticket by tonight.
2434 days ago
The good news for Neil Woodford and the other saps who own Purplebricks (PURP) shares is that German media conglomerate Axel Springer has invested £125 million at 360p - a material premium to thge recent VWAP. But then there is the bad news...
2438 days ago
In days gone by Britain's most conceited fund manager Neil Woodford would have noted how shares in Purplebricks (PURP) have slumped from 440p to c300p in just over three weeks and because Nomates always knows better than the market he would have topped up his holdings. But cash is a tad tight for Neil so he has not done so yet. Maybe he will indeed extend his fund's overdraft and catch another knife? But why are the shares tanking. I suggest you ask RICS.
2439 days ago
In today's podcast I start with a digression about driving to Greece given the day's good news about the hovel HERE. But I have a serious point about residual values of cars, ref BCA Marketplace (BCA), Northgate (NTG) and others. I then look at Falcon Media (FAL) and its boss who I accuse of fraud and think should go to jail. Then it is on to Milestone (MSG) - told y'all!!!! - Ferrum Crescent (FCR), De La Rue (DLR), and Amur Minerals (AMC). I have a pop at an Ulster born bimbo on BBC Business over Brexit and then discuss Neil Woodford where Roger Lawson defends the indefensible after today's shocking revelations. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH
2439 days ago
I do hope that the FCA and the "Independent" directors at Woodford Patient Capital Trust (WPCT) look into this matter with some urgency as we appear to have evidence today, thanks to Oxford Nanopore, that Neil Woodford funds have been stating their NAV in an unnacceptably aggressive manner. And that is the most generous spin on what has gone on.
2444 days ago
The chart below says it all. Neil Woodford managed funds own 28% of Vernalis (VER). The shares were 50p when he filled his boots in a placing two years ago. They are now 4.5p as the company has started closing down its operations and has put itself up for sale. As ever, as the shares tanked, Woodford knew better....
2453 days ago
Even though the event is still almost 7 weeks away on April 21, the Global Group UK Investor Show is now more than two thirds booked out - A highlight of the show is the tale of the two fund managers below: Mark Slater & Neil Woodford. Slater is the UK's most successful fund manager of the past decade. He will give the final speech of the day explaining where he sees the market, what shares he is buying, what he is selling and why. If there is a man to follow it is Mark. Neil Woodford is perhaps the country's highest profile fund manager and makes millions for himself.
2453 days ago
In today's bearcast I start with a reader complaint but then he is a tosser so who cares? Then it is onto looking at the differences between the funding facilities at UK Oil & Gas (UKOG) and MySquar (MYSQ). I am bearish on both but the differences in the two packages are instructive. I look at Nature Group (NGR), Jim Mellon's uber-ramp FastForward (FFWD) and at Purplebricks (PURP) is the Neil Woodford bubble about to burst again, as even former supporters like Paul Scott admit my analysis was right and theirs wrong.
2456 days ago
Either iii readers are thick and so sent in the daftest softest questions to Neil Woodford or thiis just another blow job paid for interview. Where are the tough questions about disastrous performance, investing in companies that need to break the laws of phsyics, Capita, Provident Financial, The AA, related party deals, RM2, the list goes on and on. If successful fund management is a balance between arraogance and humility it, perhaps, explains why smug Nomates Neil is doing so badly. Get the sick bag ready and watch below...
2461 days ago
Shares in Provident Financial (PFG) are falling again today thanks to weekend press reports that it is sounding out investors about a £500 million rights issue. The big question is where does this leave Britain's most conceited fund manager Neil "nomates" Woodford whose funds own 23% of the equity.
2463 days ago
"Why Woodford has NOT lost his magic touch... despite UK's star stock picker seeing a series of huge bets going wrong spectacularly". So screams the headline on a leading article by Paul Thomas in the Daily Mail. I suppose it depends on how you define magic? If you mean it is making things ( like other people's money) disappear then indeed, Nomates is still the King. Why was this article written?
2464 days ago
My friend and former colleague the aristocrat Dru Edmonstone was - as widely reported - sentenced to 21 months last week for a £60,000 benefits fraud, something the pathetic wretch did to fund his spread betting addiction. I discuss this and ask does a case like that of Dru justify the current clampdown on spreadbetters. I think such a clampdown would not have stopped Dru for addicts will always find a way. I discuss the odd goings on at Saffron Energy (SRON) which hardly inspire confideence. But my main focus is on the revelation HERE by Cynical Bear that Neil Woodford's flagship £7.1 billlion fund has taken on an overdraft, as an emergency measure to fund either redemptions or a growing collection of falling knives or both. If Woodford believes what he says about markets being overvalued - and I do - this is a sign that Britain's most conceited fund manager has completely lost the plot and may be not that far from the final collapse.
2464 days ago
Oddly enough Britain's most conceited fund manager Neil Woodford has yet to agree to appear at UK Investor Show to answer some simple questions from me. What is he frightened of? I will have to go ahead with the session without him but I hope that he does not bleat on about how he had no right of reply! Anyhow, I discuss my futurology piece of yesterday and how it should be viewed if you are, like Nomates Neil, a big holder of auto related stocks. I cover BCA Marketplace (BCA), The AA (AA.) and Northgate (NTG) in this section. I also look, en passant, at another Woodford dog RM2 (RM2). Then I cover Milestone (TOAST) and finally pick up on the most excellent post on the comments section of this site by Drunken Sailor on POS Andalas (ADL)
2466 days ago
Hat tip to Andrew Monk of VSA for spotting this paper from Hult Business School. It does give you food for thought. Certainly why would anyone invested in a heavily indebted business with bigg exposure to the carrying value of cars as we known them ( Northgate or BCA Marketplace for example) or the AA? Maybe Neil Woodford should read this and ponder before he buys any more shares in the AA or BCA?
2467 days ago
As I write shares in AA Group (AA.) are down by 23% at 89p and you will never gbuess which high profile fund manager is a major holder, largely for the dividend income. Yup you got it, its Neil Woodford and yes the dividend is being slashed.
2475 days ago
UPDATED: Over the weekend I revealed a potential nuclear landmine that could well blow up the Woodford Patient Capital Trust (WPCT).The bad news for the asleep at the wheel nmot so independent NEDS at the Trust is that I have found two more landmines which have been averted but are there more?
2476 days ago
In this podcast recorded in a car park I reflect on new mounting problems for Neil "Nomates" Wooodford and wonder if the demise of his empire will be the Burmah Castrol moment of 2018. I ask if the nutso planned IPO of Soho House is a lagging canary and I reflect on the folly of most acquisitions.
2477 days ago
At 31 December 2017, Ombu Group represented c2.02% of the Woodford Patient Capital Trust (WPCT) portfolio being two separate investments of 2.01 % + 0.01%. The principal activity of Ombu Group, according to its accounts, is providing capital and management support to fast growing companies in the fields of industrial technology, energy technology and water technology.
2481 days ago
You will have read our detailed coverage of Neil Woodford's woes and especially those of his uber dog listed investment company Woodford Patient Capital Trust (WPCT). Our sell advice has saved our readers thousands of pounds. But we believe in balance and so below is the advice of The Times Tempus column which is to buy. It is poorly researched - compare its coverage of Atom Bank with ours HERE) for instance and reads as if it was dictated by a PR person as is so often the case with the stinking carcass that is the deadwood press. Here goes...
2481 days ago
I am really warming to analyst Anne Stevenson-Yang of JCap whose latest note on Neil Woodfords pals at IP Group (IPO) "Some Companies deserve to die" is a stormer. And she cites the great work done by Shareprophet (sic) in her report.
2482 days ago
I note that for the first time the NAV of the Woodford Income Focus Fund (C Accumulation Units) has fallen below the 100p launch and that includes 3 reinvested dividends.
2482 days ago
For reasons mainly to do with girls (well two of them) I have always been a Philadelphia Eagles fan. The last time they won a championship, Hurst, Peters and Moore were playing for West Ham - the two teams have a lot in common. Anyhow I stayed up late and for once fortune is not always hiding. Why did I get up? The market is a sea of red and I discuss that. I look at IQE (IQE) after chatting to Matt Earl, at Woodford Patient Capital Trust (WPCT), Inspirit (INSP) and at Shield Therapeutics (STX). Nomates Neil Woodford has not replied to my polite invitation of yesterday.
2482 days ago
I have today written to Britain's most conceited fund manager Neil Woodford to see whether he dares to stand up for himself and face up to me in public. Here goes
2484 days ago
Capita was last week's main disaster for Neil Woodford although there were others. He has tried to polish the turd HERE but has failed. His next disaster is Prothena which could slump Monday and as I explain in this podcast it is massive for Nomates. I then explain how the whole Woodford empire could well collapse. Make no mistake, this weekend, Britain's most conceited fund manager is staring into the abyss. I also comment on Obtala - take up the Primary Bid offer HERE - and on my wife's failings as a navigator as I march through muddy puddles.
2484 days ago
Uh oh! This matters as Prothena is a massive holding for Britain's most conceited fund manager Neil Woodford and as such an unravel here would be massive omlette on face time. Again. On Friday, after hours, the Chief Medical Officer of Nasdaq listed biotech Prothena walked. If that is not a red flag what is?
2484 days ago
Neil Woodford has published his thoughts on Capita (CPI) after its share price halved. To put it bluntly Neil Woodford is yanking the chain of his long suffering investors. In paragraph three he states: "Putting the share price reaction to one side for a moment, I am pleased that we have seen from the company what we thought would be coming". As a reminder, Capita has scrapped its dividend. Yet on 19 January Nomates opined:
2485 days ago
Today's bad news for Britain's most conceited fund manager, Neil "Nomates" Woodford is a savage note on Purplebricks (PURP) by broker Jeffries setting a 94p target as you can see HERE. I discuss why this target could be too low or could be far too generous but the shares are certainly a slam dunk sell. I look at IQE (IQE) in light of Matty Earl's bombshell note HERE. There is comment on Online BlockCrap (OBC) and a look behind the headline numbers and the turd polishing which shows why Mobile Streams (MOS) is so deep in the unpolishable merde
2485 days ago
As we have seen with the debacles at Provident Financial, Capita and elsewhere, Britain's most conceited fund manager, Neil "Nomates" Woodford likes to bet - other people's money - against the herd. A share price is tanking, the market must be wrong. The bears are adding to their shorts. They must be wrong too. Nomates always knows best, I demonstrated this with a chart looking at Capita (CPI) the other day HERE. Now I offer up three more Woodford dogs...
2488 days ago
Capita (CPI) is the latest high profile catastrophe for Britain's most conceited fund manager, Neil "Nomates" Woodford. Before we go to a chart of shame, a couple of choice quotes from his December montjhy excuse-sheet, sorry fact-sheet, published on 19 January
2488 days ago
Is it that it is the organisation that threatens poor people ( and disproportionately women) with jail if they don't pay the BBC poll tax so that very rich women can get pay rises? Or that Neil Woodford is such a big shareholder and has said so many funny things about what a great investment this is? I discuss the woes of Capita (CPI). I also look at Rosslyn Data (RDT), and its interims which are out today and show that it is 100% fecked. I discuss the Ariadne bombshell of today and the red flag lessons for those who buy shares in listed companies. And remember today is tax deadline day!
2490 days ago
Yes indeed it is THAT Bruno Brooks, the one who was shagging Anthea Turner, etc, etc. who runs AIM uber dog Immedia (IME). I explain why its RNS today is the biggest F*ck of all. I also explain why no article on Julie Meyer today - I've been too busy cooking and serving poisonous pizza NOT! Then I look at Defenx (DFX) in some detail before having a butchers at another Neil Woodford dog Utilitywise (UTW).
2491 days ago
I start with a discussion on Neil Woodford. Should I do a "special" session on him at UK Investor Show? Answers in the comments section below please. Sterling is very much on the up. It was never about Brexit, that was a lie from the liberal media and remoaners. It was always about base rates and they are now on the up. What does that mean for us all? I look at Prezzo, another restaurant chain in the merde but it is not just about being in the wrong sector at the wrong time it is about debt and that, as I explain, has wider implications. And finally I look at the latest initiative from this not fit for purpose Government, meddling with share buy backs.
2492 days ago
I start with a look at the portfolios of those who are crowing as they have aced it for months. I have a warning for them. Then I look at my own portfolio, at the issue of short vs longer term performance at the individual stocks at risk reward and at why I am happy. Under discussion: Mark Slater, Neil Woodford, Optibiotix (OPTI), Reach4Entertainment (R4E), Falanx (FLX), Concepta (CPT), Big Sofa (BST), Premaitha (NIPT). I failed to mention Sosandar (SOS) but I am very happy there too. My HMD podcast I refer to is HERE
2492 days ago
Hapless Neil Woodford has poured out his heart to the poodle press, Citywire, bleating about how wicked bears Kerrisdale have been beastly about one of the largest - and most obviously overvalued - of the pack of dog investments in his Woodford Patient Capital Trust (WPCT). The bears have bitten back!
2497 days ago
In the excitement I forgot to mention Nomates but you can see a chart below that he'd rather you did not. It is self explanatory and my father wants to clarify that like Larry Cummins of Milestone (MSG) infamy he does not have a degree from Oxford. But unlike Lyin' Larry he has two. I discuss Milestone, Blue Prism (PRSM), AIQ (AIQ), 13 Energy (I3E) and focus on Frontera Resources (FRR) and include in my coverage the sordid role of fat bastard, that is to say Malcolm Graham Wood.
2502 days ago
In today's podcast I consider Julie Meyer and Ariadne, Provident Financial (PFG), another Neil Woodford dog, UtilityWise (UTW), OnlineBlockcrap (OBC), Mayan (MYN) and Carillion (CLLN) and how we capitalists keep on scoring own goals.
2504 days ago
So yesterday saw Joshua go to his first proper football match - Brislington Ladies vs West Ham Ladies. A full photo report will follow later but the language from the Essex Girls in claret and blue was not very lady like. Listeners, I was shocked. On the markets I look in detail at Versarien (VRS), Greatland Gold (GGP), Velocys (VEL), RM2 (RM2) and as well as Nomates Neil Woodford I also have some Julie Meyer news, I fear that "Praise Be the Lord" may be about to send me a letter.
2511 days ago
In today's podcast I start with a few more words on Julie Meyer MBE although my formal series on her will only continue tomorrow. Then it is onto Neil Woodford in light of today's most excellent piece by Cynical Bear here. Finally I comment on the fraud MySquar (MYSQ) in light of today's article in the Sunday Times.
2516 days ago
I gather that Neil Woodford's office has been busy dealing with questions relating to our most excellent series of articles and podcasts over Christmas. I have been made aware of its responses which are detailed but still leave me feeling incredibly unsettled on two major factors.
2520 days ago
Star Wars beckons. Happy days. Ahead of that I discuss Stanley Gibbons (SGI), Provexis (PXS), Fishing Republic (FISH), Inspirit (INSP) and have some more questions for Neil "nomates" Woodford.
2522 days ago
I start this bearcast with a tale of Joshua meeting snow for the first time - a photo later maybe. Then it is onto Lyin' Steve Sanderson and today's horror story at UK Oil & Gas (UKOG). The share price collapse is only starting. Today's disaster for Neil "Nomates" Woodford is HaloSource (HALO) which I discuss before posing a question for my old pal Jim Mellon about SalvaRx (SALV). I comment on London Capital (LCG) and promise more on that debacle tomorrow while also noting that it is countdown to results day at Inspirit (INSP). Get your beer and Christmas popcorn ready...
2522 days ago
The most excellent Cynical Bear series on the massive issues that Neil "Nomates" Woodford faces and questions he must answer drew to a close yesterday HERE. Now I go further pushing those questions just a bit more, asdking new ones and outlining three scenarions that could see the Nomates empire and all his funds crumble very quickly indeed.
2526 days ago
I start with the issue that has been bugging me all week, there is light at the end of the tunnel. I review a number of villains like Rob Terry, MySquar's holocaust denying fraudster scumbag of a CEO Schaer & also the China team at Pinsent Masons and look at what 2018 has in store for them. I ask very serious questions indeed of the compliance department at Woodford Capital as Cynical Bear continues to take Neil Woodford apart. My experience as a failed fund manager gives me some insight into the mess I think Nomates is now in. I look at the shocking behaviour of London Capital (LCG) and Real Good Food (RGD) on Friday. Tosserrs. And, like Malcolm, I have a Christmas message for you all and send you all my best wishes. That is unless you are Woodford, Terry etc
2531 days ago
US based JCap has published a devastating report on IP Group (IPO) a company heavily backed by Britain's most conceited fund manager Neil "Nomates" Woodford. It reckons that the shares could halve or it could be far worse.
2534 days ago
I discuss Lucian's short on Versarien (VRS) which he discusses again today HERE. I really have no view but raise a couple of points which the bulls might take comfort from though I accept there is a valid bear case too. I look at On-Line (ONL), Lucian's new short, and try to put Blockchain madness into a historic context. I cover BCA Marketplace (BCA) and then look at the Mark Slater & Neil Woodford thesis on "cheap British stocks." I get it but suggest that there is an elephant in that room called Jeremy.
2536 days ago
Another bad day at the office for Britain's most conceited fund manager Neil "nomates" Woodford. There is yet more bad news at Vernalis (VER) now 9p having collapsed again - Nomates has been a big cheerleader after all prior disasters saying Mr Market is wrong. Whatever. Then there is the issue of IP Group ( IPO). Elsewhere I takje another look at IDOX (IDOX) where I am even more bearish and then at Tungsten (TUNG) which looks all wrong. I also comment on Dialight (DIA) , The People's Operator (TPOP), On Line (ONL), Milestone Group (MSG) and a chat with Mark Slater on a pub company which is just the wrong price.
2545 days ago
I hope you enjoyed the two share tips earlier and thanks for the kind words from many of you abour our place in Greece. I start with a look at Strat Aero (AERO). I covered the dire maths earlier here but it is the sheer dishonesty of the placing that really annoys me. Then I look at more bad news for Nomates Woodford from Provident Financial (PFG) which cvould well up a zero. Then I cover UK Oil & Gas (UKOG) as its shares slide again and Arian Silver (AGQ) which is worthless. Adam Reynolds was not - as gleeful in house BB loon Wildes suggests - fired by Optibiotix (OPTI) - I explain why I remain uber bullish there. Finally today's interims from Vianet (VNET) are misleading and even after a 10% fall today the stock is a slam dunk sell.
2547 days ago
The publicity hungry, failing, fund manager Neil Woodford is all over the papers. On the markets he's right ( and bearish) but when discussing his own (failing) funds he is talking utter bollocks and I explain why. Brokerman Dan (Levi) has formed a shareholder action group on Ascent Resources (AST). I discuss his case against them and make a few suggestions to the company. I comment on R4E (R4E) on the disgraceful behaviour of Pathfinder Minerals (PFP), look at RM2 (RM2) and then finally at Sabien (SNT) which look either to be on the brink of a last gasp fundraise ( at a more than 99% discount to the IPO price) or of insolvency. In the same breath I mention Inspirit (INSP), another AIM boiler room dog that should be shot.
2561 days ago
Last month the Jupiter Merlin group which, at one point, had £942 million invested in funds managed by Neil "nomates" Woodford announced that it was pulling out its last monies. Now another big investment group has given up on Britain's most self important fund manager. Aviva, one of the largest savings providers in Britain, has had enough.
2563 days ago
Even supporters of BCA Marketplace (BCA) concede that it is massively operationally and financially geared to sales volumes in the second hand car market. And thus yesterday came the data that bulls such as Neil "Nomates" Woodford must have been dreading.
2571 days ago
US bear raider Kerrisdale has launched a savage attack on the largest holding in the Woodford Patient Capital Trust (WPCT) the closed end fund managed by Nomates. The nature of the WPCT means that if Kerrisdale is even half right, Nomates is in big trouble.
2597 days ago
I flagged up at the weekend why Neil "nomates" Woodford might be just a couple mmore high profile disasters away from disaster in terms of a flood of redemptions. Well it appears that some are not waiting for the implosion of Purplebricks and another Woodford car crash.
2597 days ago
The red flags are obvious. The business model is one that could blow up with the asset bubble that has created it. Even in a best case scenario the valuation is absurd. Oh and Neil Woodford is a major investor. Need I say more. After Purplebricks (PURP) which is a nailed down zero, this is my number 1 short for the Autumn.
2600 days ago
Answers on a postcard. But for starters, one Hathaway, One had a way but lost it. I start with a detailed look at the Woodford Patient Capital Trust (WPCT) then run some numbers by you on LPE's and Purplebricks (PURP). I mention UK Oil & Gas (UKOG) en passant, Jersey Oil & Gas (JOG), Columbus Energy (CERP), Mirada (MIRA) and finally Conroy Gold & Natural Resources (CGNR)
2603 days ago
The real fear Neil Woodford has is redemptions. The sleazey scoops for blow job articles deals in today's Sunday Times cannot hide that. I look at the absurd valuation of Oxford Nanopore, an unlisted biotech Unicorn, puffed in today's paper but also at the cracks now showing despite the glowing piffle in the same paper's write up on Nomates himself
2608 days ago
I start with a discussion prompted by a reader request on whether a brand has a hidden added value which you should account for when making an investment. Another reader asks if it is time to buy back into Eden Research (EDEN). I think he is being spoofed and explain why. Then I look at the latest (non) news from Telit (TCM) and ask if the mortgage fraudster and fugitive from US Justice has dumped his shares. I look at what is happening at Conroy Gold & Natural Resources (CGNR) , at the latest Mosman spoof, comment again on Nighthawk (HAWK) and then at the next Neil Woodford car crash RM2 (RM2).
2620 days ago
An eagle eyed reader flags up another matter relating to Neil "nomates" Woodford's next disaster, that is to say Purplebricks (PURP) which, in light of the latest shocking revelations today, is a zero in waiting as I explained HERE.
2620 days ago
These are the genuine reviews on AllAgents.co.uk that Purplebricks (PURP) has attempted to ensure that you do not see by sending threatening lawyers letters as we exposed yesterday. As you can see they are dynamite and show quite clearly a flawed business model which sees customer after customer ripped off. Word of that is spreading which is why this company will NEVER make a profit and will sooner or later run out of money and go bust. The shares are a sell at 380p - target price 0p. Now read on and wonder why folks like Neil "nomates" Woodford and Roger Lawson want to own these shares... PS If Purplebricks wants to threaten me to remove these posts I will take great pleasure in seeing the bitchez in Court.
2622 days ago
A questionable business model,shocking revelations on Watchdog, very murky management CVs exposed HERE, a complete lack of profits, a sky high valuatione, endorsements from shareholders "nomates" Neil Woodford and Roger Lawson as well as being tipped in the Godawful Midas Column in today's MoS- what could possibly go wrong for Purplebricks (PURP)? To justify its most recent keep the lights on fund raise it had to promise a new expansion strategy. And so on Friday it announced a US Launch. Natch it starts off with patently bogus internet reviews as you can see below. The Yanks are so dumb they will not notice will they?
2625 days ago
In today's bearcast I take a detailed look at Allied Minds (ALM) another Woodford disaster waiting to happen and then at 60% overvalued Blenheim Natural Resources (BNR). I comment on accident prone DX Group (DX.) before asking where's Debbie gone? Yes has the Milestone (MSG) boss been resigned already?
2626 days ago
Neil Woodford, Paul Scott and the man who compares himself to Warren Buffett, Roger Lawson, have no doubt done full due diligence on the manangement at Purplebricks (PURP), notably its founders, the Bruce brothers. Or maybe not...
2631 days ago
Neil Woodford's fund management group has spent vast sums advertising its products in the financial press and has received vast amounts of slavishly positive comment in the same publications. These two facts are, of course, in no way related. And so after Woodford said sorry, in a terribly unconvincing manner, for having done so badly over the past year how does the Mail on Sunday's Alex Sebastian, himself a unit holder, spin this? With fake news natch
2631 days ago
An evil PR spinner has had words with underperforming fund manager Neil "Nomates" Woodford, aka the most arrogant bastard in the City. Until now the line was "I am right the market is wrong, its business as normal." Now Nomates has recorded a video in which he says that he is sorry for the underperformance of his funds. Perhaps it is the fact that he has seen folks yank a net £350 million out of his £10 billion CF Woodford Equity Income fund in recent weeks that has caused the contrition. If redemptions continue on that scale, Woodford will be forced into some hurried share sales which will only compound his woes. The trouble it that Woodford patently does not feel sorry.
2654 days ago
If you read the bent, freebie is our middle name, personal financie columnists in the deadwood press, fund manager Neil Woodford walks on water. I disagree and have noted before, that, maybe, after three dismal years, others are starting to see the light. But, with assistance from a leading broker, how about we have a real look at the Woodford Patient Capital Trust (WPCT) but also at the sort of dogs Neil ifalls in love with.
2665 days ago
I am not sure if Neil Woodford had a big stake but Telit Communications (TCM) ticked all the other red flag boxes for AIM casino disasters waiting to happen. UK Investor Show attendees know that this has been high on the bear's hit list for a while. Today the train wreck happened and as I write, shares in what was the most shorted stock on the casino, are 39% down at 156p. But a £199 million market cap is still a rum and coke. The shares could be 20p and I still would not buy. Pro tem I count this as another big win for the Sheriff of AIM.
2666 days ago
This website has not joined in the general financial press adulation of fund manager Neil Woodford. But the rest of the 4th Estate has not held back in praising him as some sort of legend. This is of course not in any way related to the vast amount he spends on advertising his Woodford funds across Fleet Street. Oh no... the financial media can always be relied upon as beacons of integrity. But now even the MSM are starting to wake up and smell the coffee.
2938 days ago
Poor old Justin the Clown is still talking cobblers about Andalas (ADL). Perhapds it is the strain of now having to live in a cardboard box but the poor fellow now seems unable to read so I put him straight. Then it is onto Halosource (HALO) where Neil Woodford is taking another big hit which reminds me that Nigel Somerville and I are doing a special session on Woodford disasters at UK Investor Show on April 1 2017. To celebrate this we have 20 complimentary investor class seats to hand out today. Just go to www.UKInvestorShow.com and book using the promotional code NOVUKSP - book now! Elsewhere on bearcast I discuss Xtract Resources (XTR) and Gattaca (GATC).
3078 days ago
I am back in from the fields where I have been labouring in 40 degree plus heat. Today I offer a few thoughts on Circassia (CIR) and the risks folks just dont seem to appreciate of a) biotech and b) backing stock selections of star fund managers, in this case Neil Woodford - who incidentally is clearly a very talented chap. I look at Gulf Keystone (GKP), XCite Energy (XEL), China Frauds and then in some detail at Blur (BLUR). For further info on its brain dead dickhead of a PR man Dominic Barretto go HERE
3078 days ago
Hats off to veteran journalist Tim Blackstone who called Circassia (CIR) as a short with a £900 million market cap on January 16 this year HERE. Today the shares have crashed by 64% to 98.5p giving it a market cap of just £261 million. Tim Blackstone dared to go up against Neil Woodford with this call as he is the largest shareholder. It looks like another biotech disaster for Woodie.
3184 days ago
This podcast looks at three men. First is the criminal fraudster and expenses thief Rob Terry and I discuss what sort of trial and what sort of punishment needs to take place and be imposed. Then it is fund manager Neil Woodford and I look at his growing biotech headaches. Finally the greedy pig Richard Chase of Nyota. If you have not yet listened to yesterday's special on this failure of a CEO please do so and send the email I request.
3520 days ago
Self important fund manager Neil Woodford flagged up concerns about biotech valuations the other day. Discussing inter alia Plethora (PLE) another bit of a disappointment for my good friend Jim Mellon I look at how investors do and should value such stocks and tend to agree with Woodford that right now risk reward are out of kilter.
