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About Me:

Just getting back into shares (mid 2016) after a 15 year gap. Last time it was a pre-internet era and I was mostly interested in biotechs (including British Biotech) but it all ended and I had to go back to work (real work) when I naively ploughed too much into Clubhaus (remember them?) unaware that the huge tangible asset backing (golf courses) that a top UK accounting firm had been signing off year after year was in fact worthless. Of course a month or two before the end everyone knew but small investors.

I expect there are still lies, the special access to privileged information by big investors and the complicity (and ineptness) of accountancy firms but at least the internet and sites like Stockopedia and HL may have helped level the playing field just a little.

Shine66's Latest Blogs

Share price of 32.5p; enterprise value of  Utilitywise (LON:UTW) £40.5m. I've recently dipped my toe back in and am considering adding further as a highly speculative recovery buy. For a variety of reasons, presumably including its dismal share price performance, Stockopedia rate this company as a sucker stock. From the interim report for the period to end of Jan 18: Revenue £39.7m Adjusted EBITDA £3.4m…

I find myself continually drawn back to (lose more money with) Utilitywise (LON:UTW) but not today having read this, from transcript of analyst meeting, 22nd March 2018.Unidentified analyst:Can you be a bit clearer on what expectations you're in line with to be clear?--------------------------------------------------------------------------------Richard Stephen Laker, Utilitywise Plc - CFO, Company Secretary & Executive Director [24]Yes. So the expectations that we're talking about are -- and…

After entering the UK Stockchallenge for the first time this year I found myself religiously checking my position in the league table every evening, often before checking how my actual holdings had done. This was competitive investing and with no hiding place. I also entered the monthly challenges a couple of times. With the monthlies, for anyone who hasn't taken part (yet), you can short,…

Last July I wrote about my progress as an everso small micro investor, with just a few thousand pounds to work with, trying to make more than I would save over-paying my mortgage. Here's my end of 2017 note-to-self, as I'm nearly half way through year two of what is effectively a self-run endowment portfolio. Due to the mention of impending c. 50% job cuts…

Plus500: 653p You may remember last December the FCA announced it was ready to impose regulations on CFD companies and the sector duly went down in flames. As the ashes were being kicked over in the following weeks one company was repeatedly singled out in articles as the bad boy at the back of the school bus smoking a cigarette who'd caused all the trouble,…

Shine66's Latest Comments

'the gold mining business Griffin Mining'Just to note that Griffin Mining (LON:GFM) is predominantly a zinc miner.

Just a mention that Bloomsbury Publishing (LON:BMY) spent some of its £25m a few weeks ago when acquiring academic publisher IBT Tauris for £5.8m, of which £4.8m was satisfied in cash. IBT is expected to contribute £3.5m revenue in the current year to end of Feb 2019.Also, in case anyone missed it, £13.2 m profit before adjustments and 'Due to the strong trading in the…

I don't think Morses Club (LON:MCL) are hiding anything or deceptive about the cost of their loans. Maybe I'm missing something? 

I totally disagree. In real terms the pay-back will be 82% at most. Here's a link to the numbers. As was pointed out to the select committee this is about the same figure that the Church of England came up with a couple of years back as the minimum likely 'break-even' rate when they were looking at encouraging community-based lending themselves. Despite the government patting…

Great, detailed analysis. A month or so ago Morses Club (LON:MCL) CEO Paul Smith was one of several lenders hauled before the select committee working on the new regulations. He put in an impressive performance and coped well when the questioning turned nasty (over how some borrowers who are signing contracts may in fact be illiterate). They seemed to want blood, though. Follow-on loans could…

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