Sunday's free commentary on UK-Analyst.com is from Evil Knievil of t1ps.com
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The F Word An extract from the diaries of infamous bear raider Evil Knievil Today on UK-Analyst.com we bring you an exclusive extract from the diary of infamous bear raider Evil Knievil, taken from his popular thrice-weekly column (written via his idiot diarist Tom Winnifrith) only on t1ps.com. www.t1ps.com is edited by Tom Winnifrith. Members are guaranteed 20 hot new tips per year plus hundreds of updates, broker comments, webcasts and lots more. The site also features the Diaries of Evil Knievil exclusively 3 times per week - join TODAY for a BRAND NEW T1P and also TOM WINNIFRITH'S 15 CHEAPEST STOCKS IN LONDON on www.t1ps.com. 28 July 2010 About seventeen years ago a couple of likely lads got 180 hours community service for selling manorial knighthoods to, principally, Americans. One was a New York solicitor who was attracted by the right to sit in the seventeenth carriage in a coronation ceremony. Given the fact that this gentleman represents the sharpest and most dishonest breed in the world, one can only congratulate the likely lads on their success. So quite why a con artist from Yorkshire should get five years incarceration for selling the Ritz at half price and without the instructions of its owners beats me. I think he should have got a rosette for training greedy idiots to think twice. It is all a question of where education begins and the F (for fraud) word kicks in. I sold Connaught (CNT) at 30p yesterday (the worst bargain executed on the LSE all day yesterday). I think this company is effectively bust since once goodwill and other capitalisations are stripped out I consider liabilities exceed assets by perhaps £75m. Incidentally, there are a lot of prunes who reckon a rights issue will do. But the prunes overlook the fact that a rights issue is a prospectus issue and that a prospectus has to be very carefully checked for all values. So this may mean that it is the end for Connaught. Should be very soon - end of the week? On Monday, I noted that PureCircle (PURE) had not produced any figures. Yesterday's Interim Management Statement again revealed few figures and I will have to await the accounts since, for now, I cannot prove what I believe is the case. Anyway, PureCircle is on its way down. I do not know how quickly its share price will decline. But, eventually, it will be well below 100p. Sauve qui peut.
Brand new tip from Tom Winnifrith - this
Sunday on t1ps.com 30 July 2010 The reported comments of Altium Securities, Connnaught (CNT) 's broker, reflect the complete breakdown in trust between broker and client. It seems inescapable that Connaught's management had misled Altium. However, that does not mean one should ignore Altium's comments which underline the fact that Connaught now has facilities of 215 million pounds as opposed to an expected 115 million. How much of this 100 million pounds increase is caused by losses or by timing of payments and receipts is unclear. But the fact is that a rights issue would be very difficult indeed. So I still think that Connaught's current shareholders will be utterly swamped by events. Back on Kryso* (KYS), I think the market has missed the point which is that the company will be bid for. The Chinese have not been granted a whitewash on the mandatory takeover bid level. Therefore as soon as they exercise their warrants (which they will only do once they have the finance lined up to open Pakrut) they will immediately go up way past the 29.9% trigger limit. So they will have to bid at least 21p. However, at that point, the market will note that all is lined up to open Pakrut and much else besides. Therefore the bid will have to be well north of 21p. 40p? Beximco Pharma (BXP) reported today. EPS were 2.3p in the six months to 30th June. Export sales are starting to take off. I hesitate to guess at profits for the next six months and 2011 for fear of looking very foolish. But all is on track and Beximco GDR is a screaming buy at 34p. Yours sincerely Evil's idiot Diarist www.t1ps.com is edited by Tom Winnifrith. Members are guaranteed 20 hot new tips per year plus hundreds of updates, broker comments, webcasts and lots more. The site also features the Diaries of Evil Knievil exclusively 3 times per week - join TODAY for a BRAND NEW T1P and also TOM WINNIFRITH'S 15 CHEAPEST STOCKS IN LONDON on www.t1ps.com. *The SF t1ps Smaller Companies Gold Fund, which is managed by a subsidiary of Rivington Street Holdings, the ultimate owner of UK-Analyst.com, owns shares in Kryso. For further details on the fund visit www.t1psim.com or e-mail goldfund@t1psim.com.
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