UK 21:13 Friday, 23 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.
ADVFN (AFN) has today stated that it has rejected a request from folks owning 25% of its shares for an EGM to change the entire board and it has accused those seeking an EGM of all sorts of naughty things. Words like “criminal” and “bullying” appear in the release. So what next?
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Comments
Giblet
A brilliant impartial piece.
I agree ADVFN could do a lot more for investors, I love Clem’s market views on Twitter and he is quite clearly a very clever man. I have looked at investing in ADVFN over the years as I have been a user and admirer for many years. But results disappoint year on year, almost feels like a plaything.
Continuous losses over the years, one or two rumours about first class travel to Asia and frequent CNBC type appearances from Asia paid for by ADVFN I assume. Add in a very busy novel writing schedule and not much progress from the website appearance and function in 10 years. I can see why some raiders were circling.
The catch 22 situation ADVFN has, is its fantastic bulletin boards. I have used for over 10 years and have been a paid user for Level 2 for a couple of months tops. If they could monetise the BB users more they might be onto something. This may well shake things up and get things going for ADVFN and will no doubt have a bearing on where Clem’s career goes next. I hope they fight off the raiders, Clem stays and he gets a second wind. The quality of writing at ShareProphets and what further services you can offer investors is certainly an avenue worth exploring for them.
DUCK AND DIVE
Partial, surely…Any other serial under-performer would have been slapped round the chops with red flags and given the big Sell treatment with a price target of 40p.
drunken sailor
Perhaps ADVFN need to take a leaf out of Share Prophets book and stand up for free speech! So rather than deleting posts and banning posters at the request of companies they should challenge both to company and the poster to justify why a post should or should not be deleted and make an intelligent judgement.
The LSE is an asylum because it deletes and bans far too easily, ADVFN is better, but not by all that much, if they want to differentiate themselves they need to be bolder and stop folding at the first whinge from a company.
Scott Marshall
Mmm, maybe. RRR seems to get let off the hook. 99% down on peak by my calculations.
MilkyWay
Would be great to see something like Angel.co with the network of writers and contacts here. Tom, Paul Scott, Evil K etc
https://angel.co/syndicates?utm_source=home_gs
The top pedigree of writers could each control an investment pot of their chosen investments. You could have bearish fund, shorting fund, bull funds and a fund that support the GOOD stocks on AIM. Imagine how much a pool of investments could be created from the readership of ShareProphets with the advantage of low fees and commission? I know, lots of regulation and setup time. But such a big readership with funds at the ready.
Also sites like PrimaryBid.com should be the type of company that ADVFN should be acquiring. This is the type of business that will succeed in the investment world in 2015 onwards. A Web 2.0/crowdfunding generation but for the stockmarket.