UK 10:43 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.
Given the disgraceful profits warning, disposal that made no sense, joke of a balance sheet and all round laughable state of affairs, AIM China play Vmoto (VMT) should have lost its Nomad and been suspended ages ago. Instead it has just announced that it is to leave the AIM casino and since it maintains a listing in Australia it no needs no permission to do so. Another one bites the dust.
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Comments
drunken sailor
When a similar thing happened to one of my dual ASX / AIM listed companies (funnily enough run by Chinese), it was a major pain to get things set up so I could trade them. The company traded for about a year before it went bust – I did not get out beforehand, indeed I bought more based on statements made by the company which turned out to be misleading. The directors were all representatives of a major Chinese Nickel producer, which was the sole customer for the company’s Nickel concentrate being produced in Zambia (did not stop them paying $200k a year to a “business development manger”, whose primary role was to shag the CEO, who was on $400k, but not a board member (all Chinese)). Other shareholders and I came very close to getting a class action going against the directors (something that is much easier in Oz), but in the end the jurisdictional issues were too hard to resolve and they got away with it. In the end the major Chinese company bought our shares for a derisory sum, so I got the price of a few beers and a packet of crisps back. I will never hold onto a company that is doing this again. If I were silly enough to be a Vmoto shareholder in the first place and then silly enough to still be holding, I would have sold today.
Daniel Victor
Yes,I sold mine today.Still got my Mobility One – they must be okay ‘cos they’re based in Malaysia.Also my Univision based in Hong Kong…………