delisting

17 days ago

EXPOSE: Alpha Growth second interims claim profit but it remains non-compliant with IFRS in breach of FRC ruling

Alpha Growth (ALGW) has published its second interim results for the six months ended 31 December 2024 which actually recorded a profit of £0.97 million before tax which seems like a good result, one last pump to allow folks to get out ahead of a delisting. However….

53 days ago

Tom Winnifrith Bearcast: Are you happy that your tax cash is promoting basket weaving in oil rich Saudi Arabia?

I start with the scandal of Turquoise Mountain, then it is onto three new reasons to sack Rachel Reeves. Then it is Westminster Group (WSG) and the real threat of an AIM delisting, Eurasia (EUA), Supply@ME Capital (SYME) and Sealand Capital Galaxy (SCGL)

59 days ago

Sarah Willingham’s Nightcap hooks up with an even more incompetent and financially challenged partner: Brighton Council

The last accounts from ghastly Sarah Willingham’s Nightcap (NGHT) were for the period ended December 31 2023 and showed it drowning in debt and burning cash. An AIM delisting in July and a crafty change of year end, for no apparent reason, means that we have no idea how bad things are now. But given declining consumer confidence and how Rachel from Customer Services is screwing the hospitality sector on wage costs, you can bet its grim. The rollout programme is on hold…until now.

131 days ago

Scholium and AIM: another one set to bite the dust

https://shareprophets.com/views/77773/scholium-and-aim-another-one-set-to-bite-the-dust

896 days ago

GOTCHA! Parsley Box – delisting on the menu as the money runs out

The fight to be the worst IPO of 2021 is a bitter one but along with Made.com (MADE) which pre-published its own obituary this afternoon, Parsley Box (MEAL) has to be a contender and again I warned folks numerous times that this was a dog with fleas. Today it served up news which went down like a wet dream involving Liz Truss.

3449 days ago

Tom Winnifrith Bearcast 30 October - Insider Dealing IS a crime

I start wth Marlowe (MRL) and a debate here about insider dealing. Then it is onto Quoram (QRM) and its delisting and Nakama (NAK) and its dire results - it should be delisted. Then it is onto Mosman Oil & Gas (MSMN) - another confetti issue, Fitbug (FITB) which needs a confetti issue, Peer TV (PTV) whose board need shooting as does Tim Coffman its disgusting POS Nomad and finally UK Oil & Gas (UKOG), David Lenigas and the truth about ISDX as opposed to Big Dave's PR bologny.

3541 days ago

Visit to Jiasen International June 2015 - Red Flags Ahoy, when's the delisting?

A man known to me has recently been to China to see Jiasen (JSI). I was a bear before, having read this I am even more of a bear. Too many things just do not stack up. There clearly is a Jiasen business. But it is just nothing like what is claimed by the listed company. On the basis of this on the ground reporting by a fellow who understands industrial processes I state that beyond doubt I do not believe that its stated profits, sales and net assets are real.

The point made about who undertakes the local audit (the same fellows who signed off on the creative fiction that were fraud Naibu’s accounts) is utterly alarming. Anyone who remains associated with this enterprise needs their head examining. Target price: 0p or delisting. Our man in Fujian writes:

4643 days ago

Lighthouse de-listing bid to Fail – Time for Board to Pull EGM and Quit

My pal John Lappin has produced a very good piece on the Lighthouse EGM in which he reckons that more than 30% of shareholders will certainly vote NO. And I know a few more – this number does not include any private investors who we know are all voting no. So the delisting proposal will not get the 75% it needs. Frankly it might even be defeated.

I explained earlier in the week why shareholders must make the effort to vote, should vote no and should then demand the head of Chairman David Hickey.