From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Lenigas Cuba IPO car crash – Minus 80% to sell on day 1 and it gets worse

By Tom Winnifrith, The Sheriff of AIM | Monday 2 November 2015


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 hope you had your beer and popcorn ready for the IPO of Lenigas Cuba (CUBA) at 5p because the spread on the shares right now is 1p-1.75p and it gets worse. The “size” is 25,000 to 50,000 which means that you can sell in parcels with a maximum value of £500. If you invested £500,000 at 2p like market abuser Chris Oil did back in July its going to take a long time and a lot of phone calls to get, some of, mummy’s money back.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

Quiz

The ShareProphets Sunday Pub Quiz #260

Thursday »

TM1

Rat. Sinking Ship. Technology Minerals

Wednesday »

Bearcast

Tom Winnifrith Bearcast: Another red flag at Cirata

 

Quiz

The ShareProphets Sunday Pub Quiz #259

 

DPP

DP Poland: a recovery buy at 10.75p?

 

Quiz

The ShareProphets Sunday Pub Quiz #258

 

Tom

Photo Article from Sharestock: tea

Wednesday »

Bearcast

Tom Winnifrith Bearcast: red flags and bubbles

Time left: 03:52:35