Fraser Perring - Grand Poobah of “criminal” shorts

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Fraser Perring - Grand Poobah of “criminal” shorts

Fraser Perring - Grand Poobah of “criminal” shorts

@AIMhonesty

No specific talent, inquisitive @ViceroyResearch. Obsessive on #Fraud. Persecuted by #BaFin. No advice given, often hyperbolic & perhaps should be ignored 😉

New York/London Katılım Ekim 2013
152 Takip Edilen27.4K Takipçiler
Fraser Perring - Grand Poobah of “criminal” shorts
$CBG - Close Brothers saying customers got good value on the car loans is akin to a builder quietly adding £2k to the price because the windows still keep the rain out. Function isn't the point, the consumer got screwed with undisclosed commission agreements etc...
Viceroy@viceroyresearch

$CBG - Close Brothers CEO claims car customers got good value in finance rip-off "because they got the car." So, why did Close & others pay undisclosed commission arrangements (DCAs) that allowed dealers to hike interest rates & overcharge customers. Just answer our question👇

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Fraser Perring - Grand Poobah of “criminal” shorts
$VEDL - Vedanta Resources can't afford to miss out on the dividend. Due to global uncertainty, will the continue to starve investment in the business & pay much needed cash upstream? You bet your bottom dollar they will. The Cash crisis means they have no other choices. $VRL
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$ABR - I bet shareholders are chuffed management approved a dividend thats completely unaffordable. Sell $70m of stock to buy back $20m. Reminds me of another shitco buying back stock while blowing up! At least both can blame Iranian issues for their complete failure (fraud).
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Appears Iran needs more cardboard cut out men...which senior Iranian official defected this week? Ayatollah Mojtaba Khamenei can't even be filmed...but interestingly, which listed company will still on board these terrorists? Maybe @viceroyresearch will answer this...
GIF
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Fraser Perring - Grand Poobah of “criminal” shorts
Do $VRL & $VEDL know what deleveraging means? @AnilAgarwal_Ved how much more are @Vedanta_Group raising? The gap between management talk & actions is widening.
Viceroy@viceroyresearch

$VEDL - #Vedanta quietly failed to raise the full $330 million bond, falling short at $265 million, but actively trying to raise yet more cash. Context, while $VRL deleveraged they have raised $1.9-2billion more debt. That doesn't make sense... $VRL narrative at its best!

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Fraser Perring - Grand Poobah of “criminal” shorts
$CBG - Management want their cake & eat it. In one sentence Close Brothers has stabilised (mgmt) vs significant uncertainty (accounting language). Which is it? Why not publish the model? Then investors can assess their own risk appetite rather than management contradictions...
Viceroy@viceroyresearch

Management claim “significant uncertainty” in regards to the motor finance redress scheme in order to depress its provisions, while simultaneously claiming it has “stabilized risk” following the Supreme Court ruling on the same. Which is it? $CBG 2/

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Fraser Perring - Grand Poobah of “criminal” shorts retweetledi
Viceroy
Viceroy@viceroyresearch·
Close Brothers – Commission Impossible Examination of the FCA’s redress scheme suggests that Close Brothers will have to, at least, double its existing provisions. CET1 regulatory capital limits are already at risk. Viceroy is short. $CBG 1/
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Viceroy
Viceroy@viceroyresearch·
New short report inbound. Watch this space.
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Fraser Perring - Grand Poobah of “criminal” shorts
How many investment banks actively protect founders that have pledged/fraudulently pledged stock, while playing about with recalls or exiting your relationship? One commonality is they're allegedly essential to the country they operate in. @CyrusdeWeck
GIF
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Viceroy
Viceroy@viceroyresearch·
It is reasonably easy to follow VRL's cash flows. We note that VRL is, by definition, insolvent. It cannot pay debt as and when they fall due. If this is not the case: it has failed to make continuous market disclosures in relation to fundraising activities. $VEDL 5/
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