Shares in fully listed Telecom Plus (TEP) seem to have fallen off a bit a cliff over the last few weeks. I’ve not seen anything terrible in the way of RNSs to explain it and although falls in the wider market would contribute to weakness a 20% drop seems hefty. But I did turn up something at Companies House which I think the company should explain.
Shares in AIM-listed Igas (IGAS) have been heading south for almost two years. First we had the oil price coming off sharply. Then we had the Equities First scandal involving the former CEO selling shares when the market was told he was buying. And then the oil price slid some more. In early 2014 the shares peaked at 160p and it has been downhill all the way since then. The Christmas Eve close at 18.5p values the company at £55.3 million (source: ADVFN). But there is much further to go. Here are ten reasons why.
I refer readers to THIS PIECE a few minutes ago from Tom Winnifrith. It asks whether an entity called Marsden Resources Limited is, in fact, an indirect interest of David Lenigas. Now then, let's turn back to THIS RNS released by AIM-listed AfriAg plc (AFRI) in its former name of 3D Resources plc on 10 Dec 2012. It details a big issue of shares and various major shareholders.
