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…
Evil discusses Will Hutton’s Selling Off Britain… On Saturday evening I tuned in to concentrate on Will Hutton querying the absence of representation of the public interest when foreigners take over UK-based incorporations which Hutton thinks are of national significance. There is a considerable sympathy vote for such enquiry since various journos keep banging on…
Last Wednesday I commented upon Gate Ventures (GATE) noting that it is grotesquely overvalued in relation to its probable worth. Indeed on 12th March Gate itself pointed out that they are mystified by the rise in the share price. It had been floated only a couple of days previously. But I think Gate are coming…
Stonehill Capital Partners have entered into a confidentiality agreement with PwC as administrator of Phosphorus Holdco. PwC have no money whilst Stonehill have and, which is more to the point, are hopping mad. Astonishingly, Eurobonds are often issued such that neither the issuer nor, as in this case, the administrator can access the register. This…
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 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,…
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.…
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.
