UK 10:42 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.
The biggest faller in London so far today is AIM-listed Motive Television plc (MTV). This follows the announcement of interim results for the first half of 2015. Before reviewing them though, what’s the track record here? …
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Comments
DUCK AND DIVE
Oooer, I can hardly wait for part 2.
This is such a dog, it beggars belief that MTV allegedly got enough proxy votes at yesterday’s general meeting to approve two resolutions relating to a 1-for-100 share consolidation (because the SP had dropped below the nominal price and so they couldn’t raise any more cash).
One of these was a special resolution so only needed to pick up a 25% vote against to scupper the whole kamikaze mission.
But allegedly only 12% of the 3.37bn votes cast were against the resolutions.
Can PIs be this stupid? By voting against they at least force the company to liquidate its assets and return any residual cash to PIs. Or is it a fix?