247 days ago
In today’s bearcast I discuss Regtech Open (RTOP) and Supply@ME Capital (FRAUD), the strange suspension of Rua Life Sciences (RUA), Sosandar (SOS) and Jubilee Metals (JLP) where I think 2024 might be our year. And also Verditek (VDTK) which might be going down before the Christmas Lights.
520 days ago
I start with the suffering I am about to endure at the Chapel holiday camp and urge you to consider the pain and donate to Rogue Bloggers for Woodlarks HERE. Then it is onto Malcolm’s earlier piece on PE’s and shares and why he may be wrong. Then to what appears to me to be a vile #MeToo witch hunt against Tesco (TSCO) chairman John Allan and then onto ITV (ITV), Phil Schofield and the real scandal and why more heads should roll.
882 days ago
I have had a few comments about yesterday’s Bearcast on the Bitcoin crash. I address some of those cultists speaking out from the last redoubt today. Then. prompted by Three Brains, I look at what a PE of 5 means as a guide to value and why it can so often mean nothing at all.
1172 days ago
This podcast is in two parts. I start with a few words on Malcolm’s piece of earlier on Creightons (CRL) and paying a high or low PE. Then I have been passed a dossier and had a conference call about a company the FCA has allowed you to buy shares in even though it was told that the individual behind it was on Police bail for a massive fraud and had a history of fraud and guess what, this company is also a top to bottom fraud. I am gobsmacked by it all but especially by this latest Standard List failing by the FCA which is just not fit for purpose.
1824 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.
3007 days ago
Well that is the forecast anyway for those who took part in the San Leon (SLE) placing at 45p details of which were announced today. For once we are on the same side as Tosca Fund which did most of the placing as we also had a modest nibble. Delivery is the key but on those sort of forecasts it would be rude not to invest.
3533 days ago
Malcolm Stacey reckons today that I should apologise as the FTSE 100 breaks 7,000. I make no such apology. Some shares have gone up but a headline index can mislead and the reasons for the rally are not sustainable for reasons I explain here. Malcolm is wrong about how current PEs are justifiable and wrong not to be advising folks to bank gains. I look back to 2003 and to 1999 and look forward to 2016 and explain why Comrade Stacey is rash and unwise. A 1916 Wisden is a far better bet.
If you enjoy this sort of thing you will love UK Investor Show. With fewer than 200 of 2,000 seats left for April 18th book your place now HERE
3649 days ago
I many not be at my sharpest but I am not pulling any punches as the Quindell scandal deepens. This podcast covers Quindell, Daniel Stewart, Cenkos, KPMG, the lies, the fraud, the implosion and what the fallout will be. I also look at blinkx ( dire results & another Sheriff win), warn you about African Minerals and look at stocks on a PE of less than 1.
3709 days ago
This is my last video postcard from Greece for seven weeks. I’m back in London at the weekend preparing for a presentation on how companies on AIM overstate profits with real examples. That is on Monday but is booked out but if you want to be able to advance book for my next presentation (it’s free & comes with pizza and wine) register HERE
As I prepare for a return to England with very mixed feelings I know that by the time you watcg this we will be at war in Iraq again. Soon we will be in Syria. The media is being played by our leaders who have messed up and continue to mess up.
England is not safer but a more dangerous place as of today.
3714 days ago
Shares in China based AIM listed fraud Naibu have slumped to just 23p today – they were 50p on Thursday before the disastrous interims were published. House broker and Nomad Daniel Stewart (the firm that signed off on the Quenron IPO) stated on Friday that earnings will be 46p this year and that fair value is 50p. So why is it not rating the stock as a buy?
Surely a PE of just 0.45 and share price upside of 140% makes this a screaming buy. The only problem, as Daniel Stewart knows full well, is that this is a fraud
3798 days ago
Yesterday my colleague Gary Newman argued HERE that at 66p shares in blinkx (BLNX) were a buy. I respect Gary but disagree with him, this company is not worth £264 million. The shares remain a sell.
I start on the fundamental basis that Ben Edelman accused blinkx of engaging in illegal activities. blinkx blustered and used lawyers to bully. But it has failed to deal with Edelman’s core allegations and has not actually instigated legal proceedings against him. Watch the Edelman UK Investor Show video HERE and see what you think.
Now if Edelman is correct you really have to question the quality of earnings and earnings visibility here – as such I’d put blinkx on a very lousy PE.
blinkx does at least have $126 million cash
