Frank Field is potty. How could he possibly claim that Green is worse than Maxwell? Maxwell engaged in fraudulent accounting and stole from Maxwell Communications and Mirror Group pension funds. There is no suggestion whatsoever that Green has so behaved. About two years ago Green realised that BHS was a hopeless case. He could have…
I may be going mad in that the £13m fundraise through new equity at 50p at FastJet (FJET) (with, it must be added, a warrant to subscribe at 30.5p for each share acquired in the placing) is said to be so arranged – i.e. at a colossal premium to the current price of 35p –…
I had backed Sergio Garcia eachway with BetFred and squeaked a dividend which has been sufficient to pay for all other losses on the Open. That’s a fluke. Incidentally, BetFred is now the most efficient taker of bets in the country. Further, they will give you a run for your money – that is not…
There is still plenty of time to short Tesla (NASDAQ:TSLA). Just consider the following: http://www.zerohedge.com/news/2016-07-13/elon-musk-face-bubbling-stock-market-maybe-not-long And some of the comments: Did Musk program that first game he sold for millions? Nope he bought it off a kid and sold it to his friend who worked at a big gaming publisher. Did Musk program or develop…
Thank God Leadsom dropped out as quickly as she did. I get the money quicker. ***** Last night I saw a television programme which considered what happened when Brown allowed pension pot savers to turn their bog standard funds into SIPPs which allowed the prospective pensioner to invest in any old junk. The junk in…
Mitie (MTO) bought back last Friday a further 105,000 shares – this time at 241p. This is part of a share support operation since the price keeps going down. After all, if it were the case that MTO is seriously undervalued the management would be justified in buying millions at a time. Pathetic really. *****…
Avanti (AVN) did the decent thing yesterday and started to tell the truth. This left the stock down from 60p to, now, 20p. AVN seeks shareholders to put up $50m. Why anyone would subscribe a brass farthing I have no idea. It is astonishing that this stock has taken so long to collapse. Credit should…
It’s taken a while but latish last night Chemours (CC on NYSE) collapsed 25% as a result of one litigant’s testicular cancer derived from Teflon chemical which, somehow, has found itself in waters in Ohio and West Virginia. The adverse judgement is of the order of $5m and will be multiplied since the judge reckons…
Yet again, St Peter Port Capital (SPPC) has produced figures that are utterly at variance with the share price, now 10p. This morning’s statement, covering the year ended 31st March 2016, declares tnav of 37.38p. To justify this discount one has to work on the assumption that the Shore brothers are light-fingered. They may be.…
Things got interesting latish yesterday in Petro Matad (MATD), now capitalised at £4.5m given the shares in issue of 280m at 1.65p. Essentially, Shell is due to cough up $10m by way of an exit fee and have not yet paid over the necessary. This is because there is no point in doing so if…
