Siltronic: Wafer-time?
The AI capex splurge and associated memory demand will eventually revive wafer demand
Brevarthan Research
Fundamental research on energy, industrials and other problem children. Should not be taken as investment advice. Author may have position in stocks discussed. Do your own due diligence.
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Nothing Beats a Jet2....investment?
(Images now attached!) Despite the author being a miserly old curmudgeon its hard not to see this well-run airline and holiday company as being as cheap as the flights it sells.
Jet2 article
Substack server issues mean images did not render in emails properly - article will be republished when resolved
Gulf Keystone (GKP.L): Written in the sand?
Worth the paper it isn't written on? Field ownership, unpaid receivables and the mysterious "cost audit". And the reservoir with its own challenges....
UK Shorts - Top 5 disclosed shorts going into June 2026: Ibstock; WHSmith; Wizz Air; Vistry; Greggs
Energy intensity, housebuilding, air travel and...sausage rolls make up the top 5 disclosed shorts in the UK taken from the FCA website.
UK Energy: An Inconvenient Truth
Just because Ed Miliband wishes it so does not make it true
Mota-Engil and its Debt: Muddier Waters
A follow up on our initial investigation into the Muddy Waters defamation case
Carvana, DriveTime, Hindenburg and Gotham City
Two Things Can Be True: Carvana may be extreme flaky and overvalued, and Gotham's report may have numerous inaccuracies and exaggerated claims.
Short Interest - Update: NCC Group & Ashtead Technology
NCC receives a low-ball price for Escode and Ashtead Tech fails to deliver the big miss the shorts were looking for.
Mota-Engil: Swimming in Muddy Waters
A recent defamation suit in Texas reveals much of the substance behind the short case.
Ibstock PLC (IBST): A house built on bricks?
A look at the red flags underpinning a disclosed 8.4% short interest
Short Interest: Domino's and Greggs (DOM LN; GRG LN)
Takeaway Pizza vs a Bacon sarny: more musings on top 10 UK shorts.
Short Interest - opening thoughts
The first of a series of posts that takes a quizzical look at UK & European disclosed shorts (today's rattle bag: Ashtead Technology, J Sainsbury, Yellow Cake, NCC Group, Pennon Group)
RH - the Universe Intervenes?
I'll have whatever Gary's drinking
Tullow Oil
Going, going.... Production dwindling, assets for sale, balance sheet teetering...
Tullow Oil: Fire Sale
Goodbye Rahul...Paging Houston! ICC and refi risk...
UK Short Rattle Bag: VCP, TLW, ADT1, PANR
A bundle of scary stocks to mull over as Halloween approaches!
Pantheon Resources: Redux! (PANR LN, PANR.L)
Opaque Transparency: More Data, but More Confusion
Tullow Oil (TLW LN; TLW.L)
Apparently, Jubilee is not delivering according to management's own projections
Tullow Oil
TLW LN: A "Jubilee Year" or Watering Out?