UK 22:33 Monday, 21 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. 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.
There are grave concerns about the conduct and behaviour of New World Oil & Gas’ (NEW) board of directors, in response to the forward selling fiasco embroiling the company. Specifically New World’s private shareholders worry whether or not the directors are acting in their interests or rather are acting to save the company’s regulated advisors from the financial consequences of their incredibly reckless actions. Until New World’s board engages with its ordinary shareholders these fears will not go away, but there is one much more pertinent question that no-one seems to have asked. Why has New World not sacked Cornhill Capital?
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Comments
J P Spaghetti
“Quite how a placement agent could possibly claim that it accidentally forward sold a placement, which was contingent on a shareholder vote, is beyond me.”
Me too, which is why I initially found it hard to believe it had happened on such a large scale. I shan’t continue to flog that particular dead horse, though, as I have now seen the light having contemplated the figures you produced in your last article on the issue and accept that some folks genuinely just have much more wonga than sense!