UK 01:15 Friday, 9 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.
Yesterday Nigel Somerville quite correctly flagged up why IGAS (IGAS) is a slam dunk sell. It seems that at least one City broker has picked up on this and joins the attack today. Over to Andrew Monk of VSA who writes:
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Comments
Dick
From Citywire:
Julian Tedder, Financial Director, bought 140,000 shares in the company on the 27th November 2015 at a price of 17.40p. The Director now holds 140,000 shares
He obviously does not agree.
BobbyChariot
@Dick
He only got appointed on the 28th of September, give him a chance to find out the full horrors of the accounts won’t ya? And a 24k buy isn’t really setting the world alight is it?
alcira16247
Nigel Somerville did a fine piece of work highlighting the continuing woes of this company of hapless wallies!
No doubt about it, the company in the current environment is shockingly over borrowed and given investors appetite for financing further debt restructuring based on loss making ‘assets’, IGas may well find itself forced into another fire sale. Bowleven, directors, please note…… err …….an opportunity beckons?
Glad I bailed out following Nigel’s expose’ of Piggy Austins antics @ 52 pence!
Gary Newman
Great call by Nigel – we were chatting about this at the show on Saturday and must admit it was one I’d completely missed (not a company i follow that closely though).