UK 17:41 Tuesday, 3 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. 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.
Friday’s news that London Capital (LCG)) was to move from AIM to the tertiary market that is NEX (and aptly described by Tom as the “lobster pot” although I’d call it “Hotel California market” in that you can “check in but you can’t check out”) was not greeted well by the market. In fact, the stock slumped by near half on the news (although it has to be said this was on nominal actual trading volume). At the closing price on Xmas eve (what a day to put out this news eh?) the market was just over £3 million. Set against net cash and ST receivables of just under £8 million at the end Jun stage and being conservative and adjusting this for say another £1 million of losses has the shares trading at less than half the net cash amount.
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