UK 02:06 Saturday, 24 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.
I have already demonstrated how AIM listed Fishing Republic (FISH) has inflated reported profits by ignoring related party property costs HERE and how the valuation is a rum and coke HERE but now the real maggots are starting to emerge. With thanks to reader David, I conclude that this company is a shocker and simply not investment grade material.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
JASPERTHERDOG
This is an extraordinarily good piece of investigative journalism. You are to be congratulated. I was never going to buy any FISH paper, but this is truly instructive, and a warning to read the small print.
alcira16247
Tom
Another brilliant piece of first class investigative journalism that clearly demonstrates that the questions you’ve raised need to be answered. The fact the company has remained silent has made me, as a shareholder uncomfortable, therefore I’ve just sold my holdings @16.55 pence. A small loss, but hell, why risk taking a bigger hit by holding longer?
Its quite amazing that companies and their advisers think that by ignoring the Sheriff’s investigations the problem will disappear, they clearly underestimate the Sheriff’s influence and reputation with the private investor!