AIM

More on Placings – AVACTA

AVACTA (AVCT) has seen its share price rise from 100p on May 13 to 200p and then decline to 140p. I feel sorry for those investors who bought at around 200p. The sharp decline in the share price (20p on Tuesday and 20p on Wednesday) could be evidence that this deal has leaked. Source: Interactive Investor The £25m placing price is 120p, so the fact that the share price is staying stable today at 140p (at 09.48 as I write) suggests, in my  opinion, ...
Post Date: June 4, 2020 Read more

How important is the Individual Shareholder to UK PLC in the current climate?

On Thursday 7 May 2020 The LSE and Primary Bid ran a webinar on How important is the Individual to UK PLC in the current climate? There was an impressive panel made up of: Gavin Oldham, Chairman - Share Centre Richard Wilson, CEO - interactive investor Angela Knight CBE Andy Edmond, CEO, Equity Development Marcus Stuttard, Head of UK Primary Markets and AIM - London Stock Exchange plc The Chairman was  James Deal, COO - PrimaryBid The topics  discussed were: The daily trading ...
Post Date: May 10, 2020 Read more

Allenby Capital – AIM Market Update – Q4 2019

Allenby have posted a useful note on the state of Aim with lots of data, click here to Download note Key points: December bounce but 2019 remained a down...
Post Date: January 29, 2020 Read more

ShareSoc – LSE AIM meeting

On 26 Sept 2019, four ShareSoc Directors (Northway, Bentley, Spencer Phillips and Weight) met Marcus Stuttard and 4 other senior executives of LSE AIM to discuss AIM regulation. This was a wide ranging meeting which both sides agreed was very useful. We updated the LSE on the UKSA-ShareSoc merger and the ShareSoc-SIGnet merger; then proceeded to discuss the Law Commission call for evidence re intermediated securities; Auditors, ARGA, Kingman, Brydon, CMA, etc.; Change of Auditors and the need for clear RNS about ...
Post Date: October 29, 2019 Read more

Telit: Warning Signs in the Remuneration Report

Today the CEO, Cats, has left Telit. Trust between shareholders and the company is fundamental. Cats lied to the company and the company failed to disclose relevant information to its shareholders. Cats was paid $3.37 million in 2016 made up of $1.63m salary and bonus of $1.74m. ShareSoc remuneration guidelines suggest £300k to £500k as a guideline for a company of this size c £250 million turnover. Cats owned 16 million shares and also has share options. So, such a large pay package ...
Post Date: August 14, 2017 Read more

United Cacao – the Perils of AIM, and Fyffes

The Daily Telegraph ran a lengthy article yesterday covering the story of AIM listed United Cacao Ltd SEZC (CHOC) under the headline – “a bitter warning of the perils...
Post Date: February 21, 2017 Read more

Asian Citrus Shares Suspended

Asian Citrus (ACHL) is one of those Chinese AIM companies that you have heard so much about - for example in the BBC Radio Programme reported on in my last blog post. The revenue has been falling and the losses rising at Asian Citrus but any investors still holding the stock are going to have a very bitter taste in their mouth after the latest announcement. Today (29/9/2016) the company announced that it could not issue its Annual Accounts on time and ...
Post Date: September 29, 2016 Read more

AIM – Is Enough Being Done to Protect Investors?

Last night (27/9/2016) BBC Radio covered the topic of the AIM market and asked whether enough was being done to protect investors. See File on Four http://www.bbc.co.uk/programmes/b07wby0z . Here's a brief summary of the contents with some comments. The BBC visited Hotel Chocolat, a recent AIM listing, and spoke to Angus Thirlwell, the CEO. He indicated they wanted "light touch regulation" so as to avoid a lot of paperwork and said it was one of the attractions of AIM. Comment: it seems ...
Post Date: September 28, 2016 Read more

BBC Radio Programme on AIM

Are British investors being ripped off by unscrupulous businesses exploiting the AIM market? This is one of the questions being tackled on the BBC tomorrow night (27/9/2016) in a File on Four radio programme - BBC R4 at 8.00 pm - see http://www.bbc.co.uk/programmes/b07wby0z It should make for interesting listening. It certainly came up as a topic of conversation in our meeting with LSE management today where we discussed the problems of AIM. More on that later and I hope to write a report ...
Post Date: September 26, 2016 Read more

Berkeley Results, Pay, Brexit and AIM

We are now definitely in the usual summer doldrums in the market, compounded by the uncertainty over Brexit. It is obvious that private investors have been taking their money...
Post Date: June 16, 2016 Read more