UK 14:26 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Entrepreneur Shola Adeniran appears twice in the sad tale of Worthington (WRN) and he has hitherto been painted as one of the villains. Au contraire. As I shall demonstrate. His tale is a warning of the read fraud at the heart of this company.
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Comments
The Abbott
Hang on a minute, let’s not forget half of CPS is owned by James Holmes & co. A man involved in half a dozen AIM failures and been in bed with Earley & Whyte for years. So CPS not an innocent party here.
Funny they called the deal off one day after suspension as if they knew the shares wouldn’t be worth having.Peter
I am sorry Tom but you are telling lies now in order to make your story sound better.
When the CPS deal was announced on the 2nd October, the share price did not ‘rocket’. In fact the share price went down on the news. It continued to go down thereafter. At no stage did it ‘rocket’.
CONglomerate
CPS accounts out, negative equity. The Worthington acquisition crack team now a good deal when they see one.
https://beta.companieshouse.gov.uk/company/08309726/filing-history
CONglomerate
Looks like another collapsed deal at CPS, no new shareholders listed on latest update
So the £37.5 valued deal fell through
http://www.morningstar.co.uk/uk/news/AN_1412259420064697200/worthington-to-invest-gbp125-million-in-cps-energy-resources.aspx
Then the Canada deal falls through valued at $2m CAD
http://finance.yahoo.com/news/1011709-b-c-ltd-announces-000200193.html
All a bit fishy, but no surprises when you look at the shareholder list
https://beta.companieshouse.gov.uk/company/08309726/filing-history