Evil Knievil

The Evil Diaries: Watchstone “surely a raving buy”

The Evil Diaries: Watchstone “surely a raving buy”

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After many months of waiting for an RNS from Watchstone (WTG) (nee Quindell) that the American investments had run into trouble, they haven’t. Some think these investments are worth 250p per share. On top of that WTG boasts cash of 200p, retained warranty monies of 100p and realisations to come from the industrial hearing division,…

The Evil Diaries: Churchill Mining

The Evil Diaries: Churchill Mining

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I was a bit slow off the mark but bought 150,000 more Churchill Mining (CHL) at around 19p on the anouncement by CHL, which came out at midday. This said that the Republic of Indonesia (ROI) has declined to put up any evidence to support its claim that CHL engaged in forging documents at the…

The Evil Diaries: Tyratech, Orsu and Pantheon

The Evil Diaries: Tyratech, Orsu and Pantheon

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Tyratech (TYR and TYRU) has 370m shares in issue and is capitalised at, say, £14m. (I do wish this division of capital would be brought to an end. Surely the management can get this done.) But this morning’s statement looks pretty bullish to me. Clearly sales are starting to grow exponentially and, at long last,…

The Evil Diaries: Tesla and Orsu
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The Evil Diaries: Tesla and Orsu

1 mins. to read

As it happens, I came to know Sir Anthony Montague-Browne some thirty years ago and lunched with him both in St James and at his then home near Newbury. He was affable and, more to the point, witty and intelligent. A few years later he published his autobiography, Long Sunset (now 1p on Amazon and…

The Evil Diaries: Save Our Steel!

The Evil Diaries: Save Our Steel!

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I draw readers’ attention to last night’s Guido Fawkes article on the destruction of the British steel industry. I do not know what percentage of the cost of steel is represented by energy costs. But it is clearly significant. It is of course mad to imagine that a Climate Change Act (Thank you, Ed Miliband)…

The Evil Diaries: African Potash, Proxama and Watkins Jones

The Evil Diaries: African Potash, Proxama and Watkins Jones

2 mins. to read

It has taken a while but today’s figures for the half year to 31st December for African Potash (AFPO) are hopeless. The stock is down 20%. But it will just go on dwindling. ***** Proxama (PROX) update: I do not expect anything to emerge this week but imagine that next week might see further positive…

The Evil Diaries: Wirecard and Avanti

The Evil Diaries: Wirecard and Avanti

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Yesterday evening I hosted a cabal of short-sellers who discussed, inter alia, matters at Wirecard (WDI on Frankfurt). There is no doubt that this remains a massive fraud and that the eventual price will be zero, down from the current E34. But one contributor remarked that WDI might come up with surprise good news/enhanced, because…

The Evil Diaries: “Apology to Wirecard”

The Evil Diaries: “Apology to Wirecard”

3 mins. to read

I had no sooner attended the chairman’s lunch on Friday and wended my way back to my desk than I learnt that not merely had my bear selection for 2016, Wirecard (WDI on Frankfurt), gone up 5% in my absence but that an email, purportedly sent by a staff member at ZatarraResearch.com (the cause of…