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.
Blow me down with a feather – there is someone in the world even more of a cynic than me! We have already covered the fact that AIM-listed (for the time being, it appears) Global Market Group (GMC) has been without a Nomad now for one month and one day – and that under AIM Rules it should therefore have been formally shown the exit this morning: one month without a Nomad = delisting under AIM Rules. But there has been no announcement. We wonder why. Is AIM Regulation asleep at the wheel or is there some other reason? Over to uber-cynical ‘Keith’ to explain…..
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Comments
martin ashworth
U R very rite to be cynical. The listing of Chinese stocks on the LSE would be a disaster and VERY dangerous for the London Mkt. Look at the problems encountered at Frankfurt , NYSE and the Toronto Market, with larger Chinese firms listing, then going bust. If these were decent companies, they would list on the Hong Kong Market, which is China’s “proper” market, with Western Accounting Standards and Regulation. The fact that they don’t list here speaks volumes. Also, look at all of the rubbish Indian, Russian and Kazakh companies which now fill the FTSE100 Index, which are all doing appallingly and holding our premier index back to boot. Of course George Osborne knows no more about the Markets or Economics than my cat, and, like my cat, he knows when there’s a free dinner to be had !! (Egg Foo Yung anyone ?)