UK 08:05 Friday, 30 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
During the last couple of years we have seen two retailers from the angling market float on the market, and their fortunes have taken very different directions.
On 27th September the joke company Fishing Republic (FISH) announced that it was “pleased to announce the appointment of Daniel Quinn to the Board as its new Chief Executive Officer, with effect from 17 October 2018.” Today, 16th October the company fessed up that it was bust. No need to clear your desk Danny Boy, in fact no need to buy cakes for the staff on your first day at work tomorrow. At least your CV won't need much touching up. Is this a record: Minus 1 days from appointment to an AIM tits up?
Just when The Sheriff thought the coast was clear to jump on a train to the big smoke, AIM-listed (pro tem, at any rate) Fishing Republic (FISH) saw its shares suspended by AIM at 1.20pm pending an announcement. Uh-oh! But it gets worse and I fancy The Sheriff is set to enjoy an extra ouzo tonight after taking Dominic Frisby, Premaitha and Falanx apart.
When Fishing Republic (FISH) joined the AIM Casino at 15p in June 2015 it published an admission document bulging with red flags which I pointed out in numerous articles HERE. But brokers Northland pumped the stock shamelessly up to well over 40p to get away more placings. But today the shit hit the fan with a shock (lack of) profits warning but the maggots are only now starting to emerge. At 22.5p this is a zero in waiting.
Fishing Republic (FISH) is a company that I have been keeping a close eye on ever since it first listed on AIM back in June 2015 and, although I find it hard to see value at the current market cap, it is showing signs that it could grow into it.
As someone who works in the fishing tackle industry as my day job, and have done so for nearly 20 years, I watched with interest as the first retailer in the sector floated on the AIM market last June.
One of the more curious recent entrants to AIM is Fishing Republic (FISH), which claims to be the largest fishing tackle retailer in the UK. At first glance, it doesn’t look particularly suitable for the public markets. But the shares have more than doubled since flotation, so investors certainly seem to be excited about it!
AIM-listed Fishing Republic (FISH) only came to the Casino on 4 June 2015. Apparently newly listed companies are supposed to come to the world’s most successful growth market with 18 months’ working capital in the bag. But on Friday it was announced that Fishing Republic is calling a General Meeting in order to seek shareholder authorities to allow it to issue yet more confetti.
