UK 07:39 Sunday, 8 November 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.
Update: AIM-listed Galasys is not one of the ShareProphets AIM-China Filthy Forty although it should be. Registered in Jersey but operating in Jiangsu Province (as per JQW) Galasys (GLS) looks to be an AIM-China stock to have slipped our net. Thank you to Prophet Yomo for pointing out the small slip-up. This morning it announced the departure of its Chief Financial Officer, who is stepping down from the board and leaving the company. A non-board interim CFO is being appointed. We are also told that a NED has already left the board. No explanation is offered for either departure and, indeed, we are not even told the effective date on which the CFO goes. Oh dear – is this the first step on the China-Norfolk path to oblivion being taken by Galasys?
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Comments
Prophet yomo
Important to get your facts straight.
Firstly Galasys is not one of your “Filthy Forty” – I checked.
Secondly it’s not Chinese!
Nigel Somerville
Prophet Yomo – thank you for raising this, you are indeed correct that it was not on our F40. However it should be, being that AIM itself lists its country of operation as being China. It also has operations in Malaysia. Oddly, the admission document also states that the company had been approved for EIS and VCT investment. Anyway, have updated accordingly.