UK 11:22 Friday, 23 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.
I happen to think that Ortac (OTC) is a well-run company with some interesting assets but today’s £500,000 placing at 0.25p shows in the starkest of terms why the AIM Cesspit so urgently needs reform to stop the systematic buggering (without the lubrication of profit) of private investors.
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Comments
wildrides
luckerly I got in at 0.23, but it wiped out my profit straight off . Unlike you Tom I do blame Ortac to a degree . If they did not sell to a flipper they should have been able to negotiate the price of the placing better . They gave away money at a time when the shares were in demand again , and that cost the company alot of loot that would have supported the Balence sheet . Poor show. If it was their own money they would have tried harder for a better deal.