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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sphere Medical | SPHR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.40 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.40 | 0.40 |
| Top Posts |
|---|
Posted at 15/10/2019 09:52 by johnlewis79 We EI fund to be shut down and W booted out. A 3 month notice has been given and the winding up process will begin immediately. Investors won't see any money back till Jan 2020. |
Posted at 01/10/2019 08:15 by johnlewis79 Woodford continues to hang around like a bad smell. The dreadful results from WPCT yesterday attest to that. Posting a £232m loss for H1, with a value of c.£400m just half the amount raised 4 years ago, W has come crashing down. To add to his woesthe trust ha also been ejected from the ftse 250. The Trust now managed by Susan Searle needs to take urgent action and now to boot out Woodford, change the name for any association with him is toxic and highly damaging. His reputation is ruined and he should be barred forthwith from managing the public's money evermore. Investors cannot believe he is still in effect running things. Finding a suitable replacement might be very difficult after Ws wrecking of the Fund stocks strewn on the floor awaiting fire sales. This whole saga reflects badly on the City regulator, as if that was possible and HL Brokers who pumped the Funds to their clients. Even the BOE boss Carney said the funds were "built on a lie." Yet here he is still coining money in at the rate of £100,000 a day in fees to customers stuck in his fund. The man is a flake, a thief in the night whose machiavellian plans sunk Sphere, cratered the value of others and ceded control to US bank Northern Trust. He is attempting to extend the £111m loan he used to invest in dodgy stocks as he nears breaching borrowing terms of agreement at 20%. WPCT said any further falls would put it in breach and cause havoc as to its future. Patience has run dry the cosy links of the board to W have been exposed because several held senior roles at companies W invested in, surely a red flag if ever I saw one. In a final slap in the face for thousands of investors he said "good progress" was being made. Thanx for that Neil. |
Posted at 13/9/2019 06:41 by johnlewis79 A positive post DD. I assumed W had kept his hands in his pockets! However if your right and he added we could stagger on until US certified. After that having scaled down sales and lost momentum its going to be sold for peanuts for someone to take to the mrkt. That's way beyond what Sphere can do.I certainly don't expect to recover anything. Has W an ace up his sleeve? The result statement may tell us but don't bank on it. We will only be told what W wants us to know. Tbh I dont think P has a future here, perhaps in Europe but a massive slog and the US where P will be the 'next big thing' Rest assured all us early investors will never see that happen. |
Posted at 25/8/2019 09:26 by johnlewis79 Strange all we hear and read about W is a catalogue of disastrous investments and worthless punts on risky biotechs.You can add two more to the list. Precision Biopsy and SciFlour Sciences were once worth $226m held in WPCT. Numis says it had assumed "zero value" for both assets. W stuck $4.5m into the pair in Feb. Has he no good news to tell? Are all his unquoted shares in WPCT a rag bag of useless fledgling companies and are there further write downs to come? I doubt Sphere has any value ascribed to it so we will be spared reading of another W dudster. Nevertheless I'd want to reassure investors in WPCT that not all my investments were dogs and list those doing very well not that it's likely to halt the declining share price and asset value. Perhaps W is keeping his head down waiting for all this to blow over. He has a long wait i think. |
Posted at 08/8/2019 07:24 by johnlewis79 Burford Cap shares sank on Tuesday after hedgie Muddy Waters said BC was a poor business which has been manipulating its returns and misleading investors.At one time the stock fell from £13.95 to 428. MW has short positions on BC stock. W has a 7% stake in the business.BC strongly refutes MW accusations. |
Posted at 04/7/2019 07:11 by johnlewis79 Ws EI fund is closed for another 28 days. Staff redundancies are on the cards. W is still taking in fees as his investors face the prospect of a rush for the exits come 'opening time'.Redemption pressures, fire sales and contagion could easily damage the the financial system warned the deputy gov of the BOE. W invstmnt managmnt have until July 29 to make a further update to investors. |
Posted at 01/7/2019 17:53 by cellis94 The crux of the matter for Sphere will be the point at which it needs another cash injection of cash , at the moment I would say he would definitely not put his hand into his pocket again if he was able to see that he will get a return on his investment . At this stage the likes of you and I have no idea as to the state of play , whereas he knows everything that will enable him to make that decision and all the other investors will just have to sit tight and pray |
Posted at 21/6/2019 07:13 by johnlewis79 W cashing in stocks to meet expected redemptions when EI fund reopens. He has raised c.£170m by dumping 5% of Amigo Loans,33% of Purplebricks and raised £26m from Reese and £27m in New River REIT. Others to bite the dust were Crest Nicholson and Countryside Properties. Most of the selling has been in small to mid cap companies. There are c.291,000 investors with c.£1.6bn in EI fund. |
Posted at 15/6/2019 17:01 by johnlewis79 The cancer has spread from the suspended EI fund to his Income Focus fund which has suffered massive withdrawals in the wake of the collapse of EI. HL once his top Fan Club supporter has been dumping its stake in an effort to rescue something prior to the EI reopening for business. The Income Focus fund has shrunk c.25% from c.£480m to £370m after HL said it had off loaded its £45m investment. Others inc St James Place and Omnis have withdrawn their clients money from W.Investors fear a stampede, a rush for the exits when EI reopens which will be the final nail in Ws coffin. To make matters worse pis are likely to face punishing additional charges if they choose to sell. These 'escape' penalties could amount to an extra 1% of their holding. W does not do free lunches. Nor does HL who despite waving fees will charge you £30 per account closure plus £25 per fund and £25 for any cash held thus holding pis hostage if you refuse to pay up. Many funds absorb this cost themselves. HL stock has fallen c.20% on its reputational hit. Noone thinks W can survive this debacle and his career is effectively over. He can sail off into the sunset a very wealthy man leaving the wreckage behind him. Bon voyage Neil! |
Posted at 05/5/2019 08:50 by johnlewis79 Woodford U turns as his Equity Income fund haemorrages investors. The fund has lost some 50% since peak as invstrs withdrew monies.W is now going to sell all unquoted investments in the fund to zero eventually. Currently he has c.16% in such firms. WPCT will cont to hold unquoted firms. Thing is for how long? |
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