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.
As AIM falters, we hear that more and more companies are considering a Standard Listing on the London Stock Exchange. This is a story we will inevitably pick up over the coming months, but this morning there was an interesting comment from Anglo Pacific’s (APF) CEO, Julian Tregger, about his company’s proposed transfer from a Premium Listing to a Standard Listing. It seems that Tregger felt it necessary to highlight his firm’s commitment to “high standards of corporate governance”. Has he inadvertently suggested that such standards among other Standard Listings are not so high?
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Comments
johng
Standard listing rules are even less stricter than AIM rules. For a start there’s no need for a Nomad. Standard listing rules also has much less stringent reporting rules (no need to report inter company / director transactions).
Woody44
Standard Listed companies have far less regulatory oversight than they would on AIM. With no need for a sponsor or a Nomad, no one is watching over the companies. The Listing Rules for Secondary Listings are not as stringent as for Primary Listings and could be described as the bare minimum. The Standard Listing was never intended by the UKLA for UK trading companies to have as their main listing and it was imposed upon them by the EU.
There are a number of AIM companies who, unable to get a Nomad to act for them, have talked up the idea of a Standard Listing (eg CICC). This alone should be a massive red flag.