UK 07:36 Tuesday, 6 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.
Before I turn to Sefton and the wider issue of impairment (or not) on the AIM casino I am still bristling after being rubbed up the wrong way last night by an apologist for convicted felon Charlie Gibson and so until I get bored I wish to remind you of why Gibson is a felon (HERE). Then onto today's business. To give flip flop a break there are a few comments on Sefton's results and why I am still a bear. Then the issue of asset impairment and today's Kansas news vindicates a lot of what Dan Levi and I said about Jimmyliar Ellerton. But it raises the wider issue of inadequate impairment reviews on the AIM casino.
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Comments
Martin Ashworth
Cudnt agree more Tom, Charlie Gibson & Edison have written some frightful tosh over the years and cost investors an awful lot of money. Meanwhile , their company fee invoices hav kept them in Champers, Fois Gras and splendid Fillies!
Marvin
Good lessons on reading a set of accounts.
I’d add to that Share issue costs which are written off to the share premium account on the balance sheet. The only way I can find to work them out is to wait for the annual accounts and the interims and then compare the movement on the share premium account with the previously announced issues i.e no x shares x issue price less the nominal share capital value. Seems crazy there is no further need for disclosure.
DUCK AND DIVE
Btw, the Sirius potash mine planning application was approved tonight — by planning committee members who listened to the people.