103 days ago
Over the weekend I suggested that the twitter protestations from David Lenigas that he was unaware of an imminent placing at Wishbone Gold (WSBN) meant, under a golden rule of AIM, that a placing was imminent. Natch, on X, poltroons lined up to ridicule anyone who paid to access my article, insisting – without reading it – that it was all wrong and that I was just short or bitter that I was not riding the dragon. Today…
636 days ago
One of the golden rules of AIM shares is never to own shares in a company associated with slug like ex Tory MP Tony Baldry. It always ends in tears for investors while Baldry troughs it. When Fat Sir Tone became chairman of Westminster Group (WSG) in the summer of 2017 the shares were 16p. Today they are 1.275p, giving a market cap of £4.4 million. But could things be about to get even worse?
1665 days ago
Of course, there are some instances when it is appropriate to take legal action against some critic. If, for instance, the attacks are against wives and children, there is a threat of actual body harm or the allegations are just so outrageous (paedophilia for example) then a company might justifiably take action. But simply to bring in lawyers, who are always expensive, to try to silence someone who criticises a company’s business model, or its valuation, is a monumental red flag.
3543 days ago
Call this one of the unwritten Tom Winnifrith golden rules but a company that boasts of grant wins from the State is in general a sell. This may be a tad unfair but the fact is that Government's are invariably the worst investors - they make your average Bulletin Board Moron look like Warren Buffett when it comes to spunking cash on losers.
4149 days ago
Never buy Chinese stocks listed in London is a golden rule of mine. But I broke it last month tipping Hutchison China MediTech (HCM) at an 870p offer. They are now 960p bid after interims yesterday. So why break a golden rule and is there more to come for the shares?
My pal Mark Slater put me onto this one. He does his due diligence and the point about this company is that its largest shareholder is a sort of Chinese Buffett who realises value by spinning out businesses and keeping a majority stake. One fraud and his reputation is toast. It won’t happen.
