Evil discusses Mitie, Concha and Optibiotix… Mitie (MTO) offer a market update this morning. The telling paragraph is: “As a result of the market pressures in the homecare and social housing businesses we expect our full year headline operating profit to be slightly below current market expectations.” This is just the beginning of the great…
Evil discusses Blue Rock Diamonds, Afren, Plus500 and Gate Ventures… After racing at Ascot yesterday I bumped into a Paul Beck who is chairman of Blue Rock Diamonds (BRD on AIM), a putative producer close to Kimberley. He seems hopeful but it is so hard to evaluate these stocks that I let it pass. I…
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 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…
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…
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.…
I award myself a CBE: I know, I know. And you thought that it is HM Queen who dishes out CBEs. But this one is Cawkwell’s Bloody Effort (at combating the Chancellor’s deficit problem). I felt liberal along these lines when noting yesterday’s shareholding RNS originated by Gate Ventures plc (GATE). It reads or advises…
Evil discusses the City Link Collapse and Sports Direct… More Dacre-originated guff: As has been observed here before, Brummer in his City column executes the Dacre policy which is to promote garbage, even where it is palpable garbage, provided it accords with ill-formed prejudices of the Daily Mail’s readers. The Daily Mail is at it…
Evil discusses the Tesco Shareholders Claims group, Monitise, Bowleven and Tyratech… I may be missing something but I cannot for the life of me work out how the Tesco Shareholders Claims (sic) group stands to gain through its action against, presumably, Tesco. There is no reference in today’s Daily Telegraph, at any rate, to claims…
Evil has given us permission to reproduce his letter to Martin Wheatley, Chief Executive of the FCA. As would be expected he doesn’t pull any punches, and it is well worth a read. 22nd March 2015 Martin Wheatley Esq., The FCA, Dear Mr Wheatley, I am not wasting my time in writing since here…
