UK 17:46 Tuesday, 10 November 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.
As predicted HERE in the wake of after-hours interims from the company on Wednesday, shareholders in AIM cesspit dog Ultima Networks (UTN) plc are to be treated to a placing. Gotcha. In fact it is rather more than that, as an RNS issued yesterday (mercifully, at the usual 7am) details proposals to be put to an EGM under which the business is to be disposed of into a private company and the plc restructured into an investing company – the last refuge for failed sub-scale ventures on the Casino. With the shares having closed at 0.25p on Thursday a placing at 0.7p seems somewhat generous, does it not? But then, as we all know, if it looks too good to be true…..step forward the ShareProphets RNS Translation Service to help our understanding of what is going on.
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