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 you know, I believe that AIM listed Naibu (NBU) is a total POS. I do not believe its numbers or its CEO or his mum who still owes the company £2 million she “borrowed” a few years back. I think that the shares at 43.5p are in fact worth 0.0000001p. A 4p per share dividend is due to be paid on Friday. So here is a question for Mr Lin.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
tonyg
a total POS
Tom is this not the same NBU that you tipped under hot stock rockets not that long ago?
not quite sure whos conning who
Tom Winnifrith
Tonyg
we cut our NBU position v quickly for a very small loss. Since then I have been a bear and the shares have collapsed.
You are - I assume -never wrong so never have to admit you made a small error initially.
We did that and have been correct ever since.
Please check your facts before posting so that you appear less of a total twat
t
T
David Talbot
Tom
You say NAIBU shares are worth 0.0000001p, whilst a 4p dividend is due to be paid next week. How do you value a share at one 40 millionth of the current dividend or (taking account of the previous 2p interim paid) one 60 millionth of the annual dividend? Somewhat of an undervaluation perhaps?
Tom Winnifrith
David
Stock has gone ex. And this will – in best case – the last Divi this POS pays.
So if you buy the shares today you will get 0p in future divis
t