UK 07:52 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.
Shares in China based AIM listed fraud Naibu have slumped to just 23p today – they were 50p on Thursday before the disastrous interims were published. House broker and Nomad Daniel Stewart (the firm that signed off on the Quenron IPO) stated on Friday that earnings will be 46p this year and that fair value is 50p. So why is it not rating the stock as a buy?
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Comments
Lom
Sure it;s a fraud. No big deal to Huoyan. Listing on AIM and defrauding naive UK punters – believing in the Chinese dream is just another ‘business deal’ to him.
DiscoStu
Thought this was funny on the LSE NBU page: Users who hold NBU also hold: …Quindell ….
http://www.lse.co.uk/SharePrice.asp?shareprice=NBU&share=naibu_global
Some never learn from their mistakes
T.Welbourn
I see Simon Thompson (Investor’s Chronicle) has now decided that this is a SELL, even though he suggested averaging down only a month ago. I suppose he doesn’t read your articles. As far as I can see, he is still backing Camkids. My money is on TW.
Jeremy
Interestingly Daniel Stewart and their chums including Abchurch at the end July this year announced their intention to bring another Chinese company Fraspens Outdoor Group Co Ltd to float on AIM.
This company claimed to be a wholesaler of outdoor clothing & shoes and related items seemed to have a very similar method of operation to Naibu just the products have been changed;its UK facing website(now down) also had features in common with Naibu including rather similar names on investor list.
This float seems to have been pulled.
Did Daniel Stewart have “concerns” about this proposed float that they realised then could also apply to Naibu?
Tom Winnifrith
Jeremy
The calls have been made. Daniel Cesspit and the upper class twits at Abchurch know that the Sheriff is on their case :)
t
J P Spaghetti
DiscoStu – according to Interactive Investor it seems 34% of Naibu holders also hold Camkids and 18% of them also hold Quindell. Interesting psychology.