252 days ago
We have long been bearish about carpets and floorings roll up (geddit?) Victoria (VCP). But it has not always been an easy short. 8 investors have held 80% of the stock and there have been painful bear squeezes. But after recent interims the shares are at near multi year lows at 255p, a market cap of £300 million. And one can now track a descent to zero.
270 days ago
In today’s Bearcast I discuss Optibiotix (OPTI), Skinbiotherapeutics (SBTX), Distil (DIS), Victoria (VCP), TrakM8 (TRAK), Rua Life Sciences (RUA) and the lies of Wildcat Petroleum (WCAT).
270 days ago
I start with the trouble at the cop shop and my in-laws. Then it is onto Technology Minerals (TM1), Scotgold (SGZ), Victoria (VCP), United Oil & Gas (UOG), Wildcat Petroleum (WCAT), and La Willingham’s Nightcap (NGHT).
274 days ago
I start with the Mrs heading to a conference. She was map reading as we drove to the airport. We missed two turns so were late. Naturally that was my fault I then move on to the mendacity if the Autumn statement and then to naughtiness at Wildcat Petroleum (WCAT), called out by Charles Tatnall, for once a hero not a villain, as you can see below. Then it is Ariana Resources (AAU), Regtech Open (RTOP), and Victoria (VCP) which really could be a zero, Stay short.
274 days ago
The bears are at last seeing vindication, shares in carpets rollup Victoria (VCP) are plunging and this is only the start of the downfall of its colourful boss Geoff Wilding. Let’s start with the rat.
281 days ago
In today’s Bearcast I discuss the fraud Tingo (US:TIO), Ariana Resources (AAU) where I disagree with my bullish fellow shareholder Nigel, Victoria (VCP), Gear4Music (G4M) and Argo Blockchain (ARB).. My Ukraine/Russia podcast is HERE
281 days ago
On October 5th the credit rating agency Fitch was unwise enough to reaffirm the credit rating of downing in debt and red flags carpets roll up Victoria (VCP). Victoria responded by screaming about the news in an RNS. Today…
298 days ago
Both Lucian Miers and I have been long term bears of carpets roll up play Victoria (VCP) for a host of reasons, one of which is the “colourful” CV of head honcho Geoff Wilding. Another reason is the massive number of acquisitions some of which appear to make no sense at all. A third is its inability to generate free cash while always reporting stonking profits and a fourth, derived from that, is the debt and liability laden state of its balance sheet.
309 days ago
I start with three personal notes one of which relates to the loo in the river HERE. Then I look at African Pioneer (AFP), Upland Resources (UPL), Victoria (VCP), The Mission Group (TMG), WH Ireland (WHI) and BSF Enterprises (BSFA)
315 days ago
I start with the weather. The Rain in Wales only stops when it hails. The River Dee is rising and will, I predict, breach a bank tonight – this relates to my great obsession in life (other than Cheryl Cole ) as you can see HERE. Then it is into Optibiotix (OPTI), Pennpetro (PPP) and Victoria (VCP)
317 days ago
In today’s Bearcast I discuss Upland Resources (UPL) Red Rock Resources (RRR). Tiraputi Graphite (TGR), Victoria (VCP), Celadon (CEL) and the shutting of the M&G Property Portfolio Fund.
317 days ago
An outfit called Brevarthan Research has today posted 10 Questions for Grant Thornton or any successor auditor to Victoria (VCP).Anyone owning shares in this carpets rollout has been warned by myself and Lucian Miers often enough. But now holding on is sheer financial mascochism. Brevarathan writes:
318 days ago
In today’s podcast I discuss Avacta (AVCT), Regtech Open (RTOP), Supply@ME Capital (FRAUD) and the useless FCA, Victoria (VCP) and Wildcat Petroleum (WCAT)
324 days ago
After the GFC folks said that credit rating agencies were a joke. Companies would pay them to provide a report saying how solid their finances were and then they went bust. Reform! Reform! Went up the cry. And then nothing happened. Today Fitch has opined on carpets roll-up and the owner of a possible money launderer, Victoria (VCP).
324 days ago
There has been no RNS but i am told it has happened so I discuss all matters Victoria (VCP) in detail. I also look at Alpha Growth (ALGW), reported to the FRC today, Tintra (TNT) to be reported tomorrow and to the FCA as well, Vast Resources (VAST), Ben’s Creek (BEN), Horizonte Minerals (HZM), Imperial Brands (IMB), Chill Brands (CHLL), HS2 and my date tomorrow with the Cheshire Filth.
361 days ago
I start with why I am a bit sluggish and regrets from Saturday. Then to whatever Fox Marble is called these days, Microsaic (MSYS) -another ouzo moment, Victoria (VCP) which should be suspended and Invinity (IES) and the Monkey business
361 days ago
The annual report from carpets roll up/financial engineering play Victoria (VCP), run by colourful Geoff Wilding, is out this morning and contains a shocking admission. But there may well be far more, here is why we do not know what skeletons are rattling in Victoria’s closet.
697 days ago
Thanks for all the kind wishes about my health and that of Joshua, we seem to be on the mend. In today’s podcast I discuss Kefi Gold & Copper (KEFI), Skinbiotherapeutics (SBTX), Argo Blockchain (ARB) and – in detail – Victoria (VCP)
732 days ago
I start with the macro babble and surging equities explaining why, I think, rubbish stocks have done the best today. I look at Cineworld (CINE), Versarien (VRS), Boohoo (BOO), Pure Gold (PUR), Argo Blockchain (ARB) and Victoria (VCP)
761 days ago
I start with today’s bombshell court papers involving Geoff Wilding of Victoria (VCP) and ex PM Malcolm Turnbull and a warning for bears. Then it is onto Deliveroo (ROO) where bears should tuck in.
761 days ago
You have to pick these documents up in person. Luckily, I know a man who knows a man in Australia and thus I bring you legal documents which cast a very big shadow on London listed carpets roll up Victoria PLC (VCP), which at 534p is capitalised at a bonkers £634 million.
824 days ago
A couple of weeks ago I pondered how Victoria (VCP) would or should respond to a quite devastating bear dossier from Iceberg Research. In a way it has played the attack cleverly but actually its response makes the stock even more of a sell.
826 days ago
I start with gardening news and a bit sbout ShareStock 2022 and 2023 and urge prompt ticket booking for the former HERE. Why Victoria (VCP) is a zero in waiting is a matter for Sharestock but today I look at why Cineworld (CINE) has not collapsed yet but why it will. Then there is Advanced Oncotherapy (AVO) and why it MUST end in tears whatever PL says. Finally I comment on the lunacy of Malcolm Stacey. I think he meant to send today’s column to the Guardian letters page, it is insanity writ large.
828 days ago
I do not think Miles is finished with Victoria (VCP) yet where I agree with him that this could well be a zero. Meanwhile he has a new target where I am also a long time bear,
828 days ago
Short selling outfit Iceberg recently published a bear dossier on carpets roll-up play Victoria (VCP), which I reposted on this website HERE. Writing to you from Greece, I am not aware if the deadwood press is taking this matter onwards as what Iceberg wrote was very punchy indeed and I am sure that Victoria’s PR spinners will be using phrases involving the dreaded L word (lawyer) to any of the spineless 4th Estate hacks who ask questions.
830 days ago
I start with Kanabo (KNB), Oxford Cannibanoid (OTCP) and Cellular Goods (CBX). Who on earth would write them up as the three pot stocks to buy. They are all utter dogs facing looming cash crises. Meet Bethany Garner. I then discuss Victoria (VCP) after this bombshell. Then Gary’s death wish, not as a Euroloon, but in considering buying Revolution Beauty (REVB). Then Ariana (AAU) and why its shares continue to drift. I start with news of a last minute cancellation here in Greece. If you fancy a last minute luxury break drop me an email. Anyhow it means a more leisurely drive back for me starting, I think, on Monday.
830 days ago
Lucian Miers has been banging on about Victoria (VCP) for years, but today short selling outfit Iceberg has released a damning report suggesting that the £380 million capitalised company has misled investors with fraudulent acquisitions, cannot generate cash and is drowning in a sea of unsustainable debt. It queeries the business dealings and track record of main man Geoff Wilding but publishes a picture of his $65 million superyacht. Anyone reading the report ( below) who is not short is missing out big time.
1609 days ago
I speak as a now ex customer but also as a journalist. My issue has been resilved and I’d like to thank the Dart Group’s (DTG) FD & PR team for assisting. But broader questions about cancellations and refunds remain unanswered. I discuss this and then a chat with Lucian Miers which covered the markets, Wizz Air (WIZZ) and Carnival (CCL). I look at Trafalgar (TRAF), Katoro Gold (KAT), Victoria (VCP) and Elecosoft (ELCO).
2138 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).
2160 days ago
I start with a look at Frontera Resources (FRR) and what should and what may happen on Monday in light of this weekend's revelations. You would not want to be long of this one. Then I look at the most shorted shares on AIM and explain why for many of them, notably IQE (IQE), Telit (TCM), ASOS (ASC), Boohoo (BOO) and Victoria (VCP) the bear c ase has just got that much stronger, by an order of n, in the past few weeks. Finally a warning for shareholders in First Derivatives (FDP) - I have a small present for you tomorrow. :)
2207 days ago
Late last month, Steve noted on Victoria plc (VCP) warns on margins, Lucian’s ‘roll up unravel’ underway?. Since then there’s been “Credit Rating and Response to Speculation”, “Credit Rating” and now “Update on Bond” announcements…
2208 days ago
I start with fireworks with Guardian reading tossers in Clifton last night and end up with fireworks in NY19 and the US mid-terms. My analysis of a week ago, I largely stand by although recent polling data has been fascinating. In terms of shares I look at Victoria (VCP), MySquar (MYSQ), Accesso (ACSO), Air Partner (AIR) and Purplebricks (PURP)
2215 days ago
Warning there is plenty of bad language in the podcast - perhaps do not play it in front of the kids. I start with an update on those bastards at Barclays (BARC) who I discussed yesterday. I then look at Victoria (VCP), Jim Mellon's Port Erin (PEBI), two SP Angel dogs MySquar (FRAUD) and BjueJay Mining (JAY) and have new and serious questions for the shamed Nomad to consider. I look at Frontera (FRR) and its looming bailout placing, at Ascent Resources (AST) and at Rainbow Rare Earths (RBW). I also discuss the market sell off commending a reader who notes both my genius and my modesty on this matter.
