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…
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…
Pantheon (PANR) have raised $25m at 115p. This looks fairly bullish to me since there has been quite a short position awaiting this event. Now 130p. ***** I got hold of David Cowen the FD of Molins (MLIN) and he very kindly let me have the only two circulars pursuant to MLIN’s results for the year ended 31st…
Niki Adams of the Collective of English Prostitutes and self-declaredly a prostitute appeared on C4 news last Friday evening arguing for legalisation of the “game”. Sadly, the conduct of C4’s enquiry was so fast and superficial that the value of this piece was largely lost. But, increasingly, there seems to me to be a strong…
Life and death in Eire: Minco (MIO) has won in the High Court. I do not know where this leads but it is nice to report signs of life. But Petroceltic (PCI) died this morning despite an article in yesterday Irish edition of the Sunday Times which claimed that a bid for Petroceltic’s Egyptian assets had…
Every now and then one finds one is on the winning side where one’s colleagues have done nothing at all. Yesterday, Lord Stuart Rose (yep, him again) came up trumps in his Britain Stronger in Europe role and announced that he hoped he would be dead when Europe is next debated. As Quentin Letts so…
It staggers me that the likes of BALPA have to point out that a drone could bring down a plane so causing extensive loss of life and that the use of drones must therefore be legally circumscribed. After all, say a fifteen year old psychopath were free to buy a machine gun from Boots there…
Wirecard (WDI on Frankfurt) yesterday pointed out to Morgan Stanley that no current or past staff of Wirecard had anything to do with Wirecard UK Limited. However, it seems that Mr Rudiger Trautmann was appointed a director of Wire Card UK Limited on 27th July 2006. Mr Trautmann was COO of Wirecard from 2005 to…
As the US presidential election hots up, the serious mud-slinging gets under way. It is staggering just what dirt – it is all palpably accurate – surrounds the lead candidates. To some, all this is old hat but to younger readers/viewers I suggest a visit to YouTube.com and inserting Hillary Clinton: A Career Criminal. It…
Quite why Petroceltic (PCI) is 8p bid I have no idea. The bidder owns 30% already and has squared the banks. There is virtually no chance that anybody else can intrude. The price should be around 2.9p. ***** If you have not so far read Victor Hill’s excellent piece in yesterday’s Master Investor where he…
