Has Our Six Thousand Drop Arrived ?

   Tomco             4K
   GSH                3K
   BSP                 3K
   Rurelec            3K
   Infra In            1K
   Mubl                1K

  The Bull run remains in force . Although Barclays shares seem to be heading for £1.57 support .
Disappointingly similar to what happened this week at IIP . Several others seem to have the propensity to bounce off a strikingly similar low ball value .

  My own personal shares . I would advise adding as many Green & Smart as you can . PRONTO .
Tomco may well be Our biggest hero & Rurelec retains Our Interest , as I am sure It does Peter .


   BBR391

Where did the flowers go ?

   Tomco             3K
   GSH                3K
   Techfinancials 3K
   BSP                 3K
   Rurelec            2K
   Infra In            1K
   Mubl                1K


   New Investment in Tech ,will hopefully be fruitful and spread my risk a little .
Especially with the market in oops a daisy mode . Our anticipated mini correction may be here , whatever It will be of some and not huge consequence .  2034 is still a way off .


 Plaudits to David & Akwasi for keeping It going
 And a raspberry for Yiangos for his impecuniosity .

 A few busy weeks ahead may be carpeted by good fortune & cheer .

  Aspirationally yours ,
                bbr391

Tomco continues Upward Trajectory 06/10/2018

   Tomco             5K
   GSH                4K
   BSP                 3K
   Rurelec            2K
   Infra In            1K
   Mubl                1K


  The Increase in Tomco has been very satisfying thus far .
Keeping a close eye on Acceleware & Others using the same technology to one day make cheaper oil available .  Watch this space .
  Green & Others seems to be treading water . Which usually is a good sign of better to come .

  Colds & ladies on bikes . Well done Joy for buying one . Good luck David on his bike in the best way .


  The market remains in bull mode .


           Best of bbr391

All Change 29/09/2018

   BSP                 3K
   Tomco             4K
   GSH                4K
   Infra In            1K
   Rurelec            2K
   Mubl                1K


     All things seem to be going as planned .We have coagulated which means leaving one or two old shares uncovered for the present .
Profit is more Important than over spreading one`s Interest .
    Tomco has nicely headed up to 6p ,with many more possible with good news .
The Same applies with GSH .
   The others aside BKSA which continues to make good profits , seem to be treading water .   Hopefully that will change soon.

  Barclays seems to beheading to that £1.56 . Ouch poor Barclays shareholders .


     Best of All , bbr391


 


 

Yiangos lets the Side Down 15/09/2018

   BSP                 3K
   Pathfinder       3K
   Tomco             3K
   GSH                3K
   Infra In            1K
   Rurelec            1K
   Plaza                1K
   Oilex                1K


    The upturn in GSH has been covering the tailspin in several others .
Although IIP seems to have hit the Inflection point & could be severely profitable to follow at 4p .


 WE wish Cousin Dave good luck in his new Employ .
   Akwasi keep up the good work
    Yiangos disappointing show Old Man


 Gold staggers at $1200 .The Bull run continues .......................
 2034 Still Our main plummet target .



     Best of Luck In ALL Your Endeavours All

Of No Interest to Cousin Dave

   BSP                 3K
   Pathfinder       3K
   Tomco             3K
   GSH                2K
   PVG                2K
   Infra In            1K
   Rurelec            1K
   Plaza               1K


  Just a quick response , to let you know that Caroline thinks you should dumb down your CV to each Individual job opportunity . She hopes you are doing this as a matter of course . Of Course .......
  From  Sublime to another , The Ship Canal address is excellent , now just to raise funds to purchase that find .
  Best of Luck .
Love All Down South

Making US Money 25/08/2018

   PVG                4K
   BSP                 3K
   Pathfinder       2K
   Tomco             3K
   Infra In           1K
   Rurelec           2K
   Techfinancial  1K
   Plaza               1K


  PVG continues to soar . YIPPEE !
Techfinancials seems primed for explosion over the next month .  DO NOT AVOID........
  I will let you know when I can buy AND not only sell IIP .
Until that day we continue to HOLD .



   Have a great week All ,

            Gold or Silver

   

Making YOU Money 18/08/2018

   PVG                3K
   BSP                 3K
   Pathfinder       2K
   Tomco             2K
   Infra In           1K
   Rurelec           2K
   Akers              1K
   Plaza               1K




  Great news from PVG reinforces Our view that this one is well undervalued . I may well add more to my ledger .
 The uptick in Rurelec was short lived . No RNS for an 80% rise is odd . As you can see with so my Invested I am loathed to add more , without conclusive news of the 4.5p valuation .

  Back In the portfolio is Plaza /Elbit . Still awaiting Casa Radio decision in Romania .
  As we have found It`s about belief and patience , bbr391 .

  IIP  the share of the century still remains at one third my estimated value . DO NOT Miss

 The portfolio is doing well . But room for Improvement remains

 Good luck Jumbo Opti looks to be on course for more gains . Aim for £1.60 .

 As you will note we have left Aortech as we feel £10 million MCAP may be overvalued .Of course news could and may change the views of Gold or Silver .

 Best of All

Akwasi , Dave & Yiangos

Return of Capital / Metro Baltic Horizons

Metro Baltic Horizons Plc Registered Office: IOMA House, Hope Street, Douglas, Isle of Man, IM1 1AP Tel: +44 1624 681250; Fax: +44 1624 681392
Directors: R. Reid (Chairman), B. Murphy, T. Crowley
Incorporated in the Isle of Man. Company No. 011506V

30th May 2018

Re : Return of Capital

Dear Shareholder, By way of update we now have a registered judgement in respect of the remaining defendant Mr Paul Mc Guinness and have been instructing the wind up of subsidiaries and other remaining matters in regard of Metro Baltic Holdings. We have also retained and instructed the legal firm Callin Wild in the Isle of Man to prepare documentation in the coming weeks to facilitate a final buyback of shares. As our intention is ultimately manage the wind down of the company and to maximise the amount that can be paid to shareholders there will be no dividend alternative to the proposed buyback. As matters stand and subject to final Board approval and related financial costings and budgets, including wind down and other transactional expenses, we expect this buyback may be in the range of €0.045 to €0.05 per share. We thank you for your patience in this regard.



Yours sincerely ______________________ Ronan Reid Chairman



If this is the outcome ,one will be hugely despondent and will be adding the team to the BAD guys list .
The return must be above 18p to be fair to all shareholders .
Below 10p will be a travesty .
Come On Ronan play fair .


          bbr391

LED International Holdings – yet another Filthy Forty suspension 2018 UPDATE

Our apologies are due for overlooking one of the ShareProphets AIM-China Filthy Forty companies. The RNS released by LED International Holdings Ltd (LED) three days before Christmas (HERE) almost passed us by: the company announced early in the no-one-is-watching o’clock holiday period that its shares were being suspended because it had become apparent that the Company [would] not be in a position to publish its audited report and accounts for the year ended 30 June 2015 by the deadline of 31 December.

In other words a company which turned over about £2 million in its previous year, and a little over £1 million during H1 is unable to do its accounts fully six months after the period end. It’s a good job the directors aren’t running a FTSE100 company such as GlaxoSmithKline (GSK), isn’t it!

Having predicted twenty suspensions and executions from the Filthy Forty by the end of 2015, this one brings us up to nineteen (albeit that Allenby, the Nomad, hasn’t resigned). Close, but no cigar.

So why might it be that LED can’t get its accounts out?

Could it be anything to do with the negative net current asset position to the tune of around £2.3 million, as reported for its H1 to December 2014?

Could it have anything to do with a convertible loan in the principal amount of US$1.3 million plus 9% p.a. interest which has a maturity date of 31 Dec 2015? Although it is convertible, we see in Note 6 to the Interims (HERE) that the lender (a Director) has a right to redeem the Convertible Loan Notes at their principal amount and interest accrued up to the date of redemption by a 7 day written notice to the director at any time from the date of issuance. Could it be that the lender wants to be settled in cash which the company hasn’t got?

Has it anything to do with a reverse take-over which morphed into a JV with a commitment by the company to provide the JV with approx. £5 million of working capital, as announced HERE? We were told that the company intended to finance this from equity and/or debt financing, according to that RNS but all seems to have gone quiet on that score.

Or could it just be the curse of Zak Mir calling the shares (then 45p) as high as 120p (see HERE)!

Surely it cannot be that the numbers are so complex that this little outfit with a market capitalisation at suspension (at 35p) of just £3.3 million (source: ADVFN) is unable to do its accounts within six months, is it?

Whatever the reason – and the words “Going Concern” loom large – there are all sorts of reasons to be steering clear. Quite apart from the appearance of the company in our Filthy Forty, the financial position would appear to be one worry, but a myriad of related party loans and transactions are also a concern - as is the question of what happened to the RTO which morphed into a JV and the ensuing silence as to what is happening with that.

The company said back in March 2015 that further announcements in relation to the Joint Venture will be made at the appropriate time. There has been nothing since. Now, in relation to the suspension pending overdue accounts we are told that a further announcement will be made in due course.

One wonders what that next announcement might be: the accounts? Or might it be the Nomad, Allenby, forcing a rather different update involving the first F40 trip to death row for 2016?

Of course, this could all be a temporary blip and all is fine. In which case I would be rushing out to grab not the shares, but my bargepole.

So Mr Weatherseed , aka China Resolutions LLP aka Mr John McLean ....................

Are you about to endear yourself to some Investors ?

Or Is more skullduggery and deceit In mind ?

Yiangos Time

   PVG                4K
   BSP                 3K
   Pathfinder       2K
   Tomco             2K
   Aortech           1K
   Infra In           1K
   Rurelec           1K
   Akers              1K


 We are feeling semi excited about the next few weeks .
 Premier Vets look like the turn to real profitability may be approaching .
 DO NOT Miss this upward bound share !
 Pathfinder & Tomco also showing that turnabout may be close .
 You will notice we have returned to Akers Bioscience , this more on a hunch than actual real information .

 The market continues to dribble upwards and 2019 expected blip gets a little closer .
Gold if you aim not to trade until 2034 , Is also reasonable value at $1200 .


   bbr391 the Oracle from the Coracle

Typically It`s the unforgotten Rurelec that decides to perform on monday .

    Gold or Silver

AssetCo Managers found to be GUILTY .2018

07 August 2018

 

Three former members of AssetCo management excluded from the accountancy profession

07 August 2018

The Financial Reporting Council (FRC) today announced exclusions from the accountancy profession for three former executives of AssetCo plc, after a Disciplinary Tribunal found they had committed Misconduct in relation to the preparation and approval of the company's financial statements for the financial years ended 31 March 2009 and 31 March 2010. Please find report attached.

http://www.rns-pdf.londonstockexchange.com/rns/9812W_1-2018-8-6.pdf

John Shannon (former Chief Executive Officer) has been excluded for 16 years, Raymond "Frank" Flynn (former Chief Financial Officer) for 14 years and Matthew Boyle (former Financial Controller) for 12 years. Additionally, fines of £250,000, £150,000 and £100,000 respectively have been imposed.

AssetCo was an AIM-listed fire and rescue services business that provided fire engines to the London Fire Brigade.  As a result of the Misconduct, AssetCo substantially restated its financial statements in 2011 (£146m reduction in assets, £25m reduction in profit) and significant loss was caused by the collapse in share price from 60p to 1.75p.

The dishonest conduct of management was concealed. The FRC opened its investigation in late 2014.

The FRC's Executive Counsel brought a total of 27 allegations of Misconduct against Mr Shannon, Mr Flynn and Mr Boyle before the tribunal.  The tribunal, chaired by Sir Bernard Eder, made findings of misconduct in relation to all of them. These included findings of dishonesty and failing to act in accordance with core standards of integrity, objectivity and competence, which related to dealing with company funds, the preparation of financial statements, and the recognition of fictitious assets and revenue. The tribunal also found that they had each misled the auditors, Grant Thornton UK LLP.

Claudia Mortimore, interim Executive Counsel at the FRC, said,

"The misconduct of the three accountants in this case is the most serious the FRC has put before a Tribunal. In addition to the financial harm caused to the company and to many investors, the actions of these individuals have damaged public confidence in the profession. The Tribunal has recognised this and it is reflected in the imposition of lengthy periods of exclusion (being the longest ordered to date), as well as substantial financial penalties. These sanctions should send a clear message that the manipulation of financial statements, and in particular dishonesty, will be dealt with robustly".

Notes to editors:

1.       In April 2017 Grant Thornton UK LLP and Robert Napper, a retired partner at the firm, were sanctioned after admitting Misconduct in relation to the audits of the financial statements of AssetCo plc for the same periods.

2.       The FRC's mission is to promote transparency and integrity in business.  The FRC sets the UK Corporate Governance and Stewardship Codes and UK standards for accounting and actuarial work; monitors and takes action to promote the quality of corporate reporting; and operates independent enforcement arrangements for accountants and actuaries. As the competent authority for audit in the UK the FRC sets auditing and ethical standards and monitors and enforces audit quality.

3.       The FRC is the independent, investigative and disciplinary body for accountants and actuaries in the UK dealing with cases which raise important issues affecting the public interest. In brief, the stages of the disciplinary process under the Accountancy Scheme are:

·     Decision to investigate

·     Investigation

·     Decision whether to bring enforcement proceedings against Member Firm or Member and, if so decided, referral to Disciplinary Tribunal

·     Tribunal hearing

·     Determination and imposition of sanction and/or costs orders

Under the Accountancy Scheme the FRC can start a disciplinary investigation in one of two ways: (i) the professional bodies can refer cases to the FRC; and (ii) the FRC may decide of its own accord to investigate a matter. The Conduct Committee will consider each case identified or referred to it and decide whether or not the criteria for an investigation are met.

The criteria are specified in paragraph 5(1) of the Accountancy Scheme. A Member or Member Firm shall be liable to investigation under this Scheme only where, in the opinion of the Conduct Committee the matter raises or appears to raise important issues affecting the public interest in the United Kingdom and there are reasonable grounds to suspect that there may have been Misconduct or it appears that the Member or Member Firm has failed to comply with any of his or its obligations under paragraphs 14(1) or 14(2) of the Scheme.

Investigations are conducted by Executive Counsel and the Enforcement division.