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.
On Friday Lenigas Cuba released its pathfinder document, prior to its forthcoming IPO - Tom has already savaged it HERE, but it is in fact worse than even he explained. Unlike previous Lenigas debuts, this one has a number of significant cautionary indicators that all might not be well. At 5p most of Lenigas’ adoring legion of fans will ask what can go wrong? The answer is possibly quite a lot, not least because so many of them have already bought in at 2p. We will soon see whether or not the market has exhausted itself of greater fools, but those that ignore the early warning signs could find themselves caught up in a fierce stock market hurricane from 02 November.
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
Juicin Drumroll
Has Teathers Financial (TEA) managed to flog any of this shite today with their amazing & market changing app?
turbograndad
The only oil discovery will be snake oil, by the arch salesman.
wildrides
Now this is plainly shite at this stage ……..just wait 6 months for the ripples to settle unless your prepared to day trade the dips with the hope of dead cat bounces . However it looks like this particular cat will have a steam roller wheel parked on it at 5p so it be a big risk even for day traders.
Reminds me of Afri AG early on .
AB
But the most absurd and preposterous of all, and which shewed, more completely than any other, the utter madness of the people, was one started by an unknown adventurer, entitled “A company for carrying on an undertaking of great advantage, but nobody to know what it is.” Were not the fact stated by scores of credible witnesses, it would be impossible to believe that any person could have been duped by such a project. The man of genius who essayed this bold and successful inroad upon public credulity, merely stated in his prospectus that the required capital was half a million, in five thousand shares of 100l. each, deposit 2l. per share. Each subscriber, paying his deposit, would be entitled to 100l. per annum per share. How this immense profit was to be obtained, he did not condescend to inform them at that time, but promised that in a month full particulars should be duly announced, and a call made for the remaining 98l. of the subscription. Next morning, at nine o’clock, this great man opened an office in Cornhill. Crowds of people beset his door, and when he shut up at three o’clock, he found that no less than one thousand shares had been subscribed for, and the deposits paid. He was thus, in five hours, the winner of 2,000l. He was philosopher enough to be contented with his venture, and set off the same evening for the Continent. He was never heard of again.
DUCK AND DIVE
A good look at the Cuban economy is also required. Population not much more than 10m, most of whom are skint. No attractive oil or other resources (a little bit of heavy stuff which is expensive to get out and refine). Not exactly a safe or stable environment in which to do business. And anything worth plundering would have been spotted long ago by the Russians or Chinese.
Tourism will pick up eventually though, so worth taking a very close look at LGC’s proposed tourism venture – a tourism ‘shell’ which doesn’t stand up to much scrutiny.
Cigar exports could be the dot on the card if deals haven’t already been done – which they surely have.
wildrides
I am hearing on the grape vine that Quantan experience theme holidays are what Del Boy Lemongas has in mind ,complete with daily free water boarding , white noise treatment and mock executions. There is also a special weight loss holiday that is basically the same but with no food at all or Brazilian Beef tape worm inoculation . The later requires a visit to the Hospital of Tropical Medicine on return to the UK for tape worm removal . All rights to the worms removed at this post holiday treatment belong to DBL holidays as they will be sold on to UK teaching hospitals as student teaching samples.
Jeremy
Typically there are around six to ten trades a day on ISDX growth market with most especially by value relating to three companies;Shepherd Neame,Daniel Thwaites & Adnams-all fairly substantial long established family controlled brewers & pub owners.
As you point out the real problem regardless of merit of the company is that the majority of popular on line brokers don’t cover ISDX growth market at all and those that do tend to offer an on line facility in only a small number of companies,and spreads can be high.