Evil Diaries

The Evil Diaries: Hack Reviews Gobbling in Action

The Evil Diaries: Hack Reviews Gobbling in Action

1 mins. to read

The best investment commentator in any mainstream newspaper today is John Ficenec, Questor of the Daily Telegraph. He consistently confines himself to common sense. Take for instance his bearish review today of Just Eat (JE.), now c. 350p. John makes this 32p net asset value where, if he will forgive me, I make it more…

The Evil Diaries: Talk About South Sea Bubble

The Evil Diaries: Talk About South Sea Bubble

1 mins. to read

Evil discusses naughty judges, Trinity Mirror and Gate Ventures… As I understand matters, the four judges who have been sacked for watching pornography on taxpayer-funded PCs really committed the offence (not defined in law) simply by using taxpayer-funded PCs. It would not have been an offence on their own equipment. The PCs I mean. Well,…

The Evil Diaries: A Trip Down Memory Lane

The Evil Diaries: A Trip Down Memory Lane

7 mins. to read

Evil discusses Trinity Mirror, Afren and Edgar Wallace… Events at Trinity Mirror (TNI) and its subsidiary, MGN or Mirror Group Newspapers, moved on in Court last week. The defendants have accepted their liabilities and therefore the judge was not sympathetic to attempts to impugn the reliability of James Hipwell as a witness. James was grossly…

The Evil Diaries: He Can Always Apply to Join the Green Party

The Evil Diaries: He Can Always Apply to Join the Green Party

2 mins. to read

Evil discusses Afren, pragmatic Seattlers, and Indian weddings… At long last Afren (AFR) has been refinanced even if the price of the new shares has not yet been decided. Given that Afren is still above 5p the market must be mad. Bondholders have no intention that current ordinary holders should get £50m. A clear sell.…

The Evil Diaries: A Brief Update

The Evil Diaries: A Brief Update

0 mins. to read

My attention has been drawn to American Addiction Centers (AAC on NYSE), now around $24. This is clearly a fraud as will be swiftly apparent should one read: http://seekingalpha.com/article/2967976-american-addiction-centers-addicted-to-fraudulent-drug-testing  The difficulty for me is that I was unable to borrow stock. But, possibly, others can be more successful.

The Evil Diaries: Punchable Producer

The Evil Diaries: Punchable Producer

1 mins. to read

Evil discusses Foxtons, Mar City, Orosur Mining, the FTSE, Jeremy Clarkson and Top Gear… I sold Foxtons (FOXT) this morning at 190p on the results and was promptly rewarded with a rise against me of the order of 10%. My obsession remains the same. **** As it does at Mar City (MAR) which clearly has…

The Evil Diaries: Singaporean Shenanigans

The Evil Diaries: Singaporean Shenanigans

0 mins. to read

I have just had a Singapore-based contact telephone me on Noble Group. This appears to be a massive accounting fraud which, for some reason, Ernst and Young, seem prepared to accept. I decline to claim that E and Y are negligent but they seem to have been extraordinarily tolerant. The accounting misrepresentation revolves around what…

The Evil Diaries: The Others Won’t Even Get a Look In

The Evil Diaries: The Others Won’t Even Get a Look In

2 mins. to read

Evil discusses Phosphorus Holdco PIK Toggle bonds and the Cheltenham races… As some readers may recall I purchased Phosphorus Holdco PIK Toggle bonds at 3.8p or 3.8% of face value. And, being proactive, I set out to enquire as to who are my fellow claimants in respect of the theory that BC Partners unreasonably scooped…

The Evil Diaries: Pigging and Porking

The Evil Diaries: Pigging and Porking

1 mins. to read

Evil discusses Mar City… Since the rewards of pigging and porking (see comments passim) are so high it is easily understood why stock promoters engage in the practice. The most recent instance of which I am aware is going on at Mar City (MAR) where the controlling shareholders, Tony and Maggie Ryan – they hold…