UK 07:56 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.
The disappearance of the Executive board at Naibu (NBU) will come as no surprise to those who follow my writings. It caused quite a stir in the investment community even making the front page of the FT
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Comments
handybrownone
Amedeo Resources is a peculiar Chinese beast and is listed on AIM. Non- exec is Ghanim Bin Saad Al Saad Al Kuwari – a pretty big hitter on the Kuwait side. Yangzijiang Shipbuilding (Holdings) Pte Ltd which is part of the major Chineese shipbilding yard and this part is set up to make rigs with purpose built yard- yes not many of them being required right now – bad timing! I rate it a long term buy – IF they can secure some more orders.YZJOE Singapore has in turn a 40% share of YZJOE China – a new Chinese offshore rig building yard – in which Amedeo has an indirect stake of 18.6%. A purpose-built rig-building yard – the Taicang yard, is finished it has capacity to produce up to 10 rigs at the same time as other offshore vessels. curent MCAP is AMEDEO on 18m also they have investment in metal trader – iron – also not a good time to be in ore!