UK 18:38 Friday, 23 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.
Should one feel sorry for shareholders in Lenigas Cuba(CUBA). Explicitly No! I explain why. Where does this shambles leave David Lenigas? In a bad spot I suggest for Afriag (AFRI), Inspirit (INSP) and LGO Energy (LGO) all of which need to raise cash. I also cover Cambian (CMBN), Caza (CAZA), Stellar Diamonds (STEL), Gfinity (GFIN), Atalaya (ATYM)- formerly EMED - and Fitbug (FITB)
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Comments
johng
BAM BAM Rubble 2 Nov’15 – 15:30 – 38 of 38
“In September the Company spent $60,000 to acquire 40% of an entity that provides
the services of a local ground handler who assists travel companies on the ground
in Cuba. This includes booking hotels, transport, tour guides as well as engaging
in activities like fly fishing and group outings at the Cuban Cigar Festival, etc.
While this undertaking is quite modest, the directors believe…”
Strange for the company to list this as an acquisition. Sounds like they’re just
employing some local guy who will get to keep 60% of what he makes as commission.
A Cuban cigar festival and fly fishing play. You can see why they listed on ISDX.
johng
Soul Limbo 2 Nov’15 – 15:43 – 39 of 40
Next, he’ll buy as many duty free ciggys/cigars and sell them for a profit at his local corner shop….. and then RNS that their import/export subsidiary made their first transaction.
catempire
I’m still astounded people are so fucking stupid.. but the David gumption is equally funny as fuck!
Most shocking part about this story for anyone who’s invested is its on the ISDX… no traders are going to go near it, liquidity is going to be shocking… Ramp or no Ramp, the only person buying this peice of shit will be more dumb cunts an i dare say, most of them are already in, cant see it staying above a penny all that long !
wildrides
Cripes ……… you mean to tell me that photos of AGRI AG trucks actually exist ……….. are you sure ? , I bet they are photo shop creations ? Blimey you forgot to mention LGO and Inspirit or Del Boy Lemon Gas today , or did I doze off briefly ? Any how LGO wont need to place cos they have oil coming up from wells in the ground , and they are drilling more wells with oil in as we speak ………….. your getting confused with UKOG ………. thats the one with no producing wells and no hope of getting any this side of “the end days” or Malcolms bank tips going up . Del Boy is apparently staying in the town of Moron on Cuba . Look it up , it really exists . Share holders will be able to visit Moron and be like a pig in mud ………glorious . Its in the middle of the country about half way up from Guan Tan . Speaking of pigs ………. there is an exotic island where the local pigs swim in the sea with tourists …….. watch it on youtube ……..hilarious . Its the only thing on my bucket list now ………. I must go and swim with pigs before I die and then I will go to heaven a happy chappy . Feck killer whales , Dolphins , seals and manetee ………. pah , old hat . Pigs are where its at ( but not ginger pigs ).
johng
http://www.ft.com/cms/s/0/0eee474a-6e8f-11e5-aca9-d87542bf8673.html#axzz3qNRoo7IT
London Stock Exchange clamps down on Aim-quoted Chinese companies
Kate Burgess
The regulator for the UK’s Alternative Investment Market is clamping down on the management standards of Chinese companies, after board conflicts broke out at several of them.
The London Stock Exchange has told brokers acting as nominated advisers to Chinese companies on the junior market to review each client’s systems and processes to ensure they meet the standards for having their shares traded in London.
“Every company admitted to Aim is subject to regulatory framework not dissimilar to the rules for the Main Market,” the LSE said. “We periodically contact Nominated Advisers to ensure they are particularly vigilant in reviewing companies from sectors or jurisdictions where specific risks exist.”
It added: “Earlier this year, London Stock Exchange proactively contacted all Nominated Advisers to Chinese companies to ensure they review these companies’ controls.”
Each Aim-quoted company must employ a nomad to ensure it complies with the market’s rules.
Thirteen Chinese companies have left Aim since May 2014. Of these, six had to do so because they lost their nomad, while another two said it was because they could not publish accounts
The LSE’s clampdown came after the breakdown in relations between the non-executives of several Aim-quoted companies and the executives running operations in China.
In 2014 UK-based directors of Naibu Global, the Fujian-based footwear business, were forced to admit they had lost contact with their counterparts in China.
Sorbic International, a food additives company, was delisted when its nomad resigned. This was after the company’s deposed chief executive took control of the company’s cash and corporate seals or “chops”.
Roughly 80 companies from China joined Aim in the past decade, and only about 45 are left. Of these, five have had their shares suspended in the past month.
Most of the companies that have come under increased scrutiny are small businesses that floated before 2013. They tend to have market capitalisations ranging between £2m and £25m and their shares have been tightly held by the executive management.
The LSE said very few of these Chinese companies have significant numbers of retail investors.
Just this week, the nomad to China Rerun Chemicals, a lubricants business, resigned saying it had asked the company to commission an independent inquiry into systems and processes but the company refused.
China Rerun issued a rebuttal on Friday saying it had not refused to commission a review but the request had come during a Chinese holiday and the nomad had asked for £25,000 in extra fees. It added that the nomad had queried, at the LSE’s behest, several related-party transactions in the accounts. One-third of the company’s shares are owned by the executive chairman.
Last month, Camkids, the children’s clothing company also based in Fujian Province, was suspended when its nomad quit. This followed board ructions over a plan to pay most of the company’s cash to three distributors.
China Chaintek, a logistics business, was suspended after its nomad quit last month. It has until Sunday to find a replacement.
This is just the latest in a series of unusual altercations over control and governance between directors of Chinese companies and London-based advisers and non-executive directors.
Gate Ventures was one of the more unusual companies to be delisted. It was floated as a media business in April and was briefly Aim’s best performing share before its expulsion.
By contrast, shares in the five largest Chinese companies on Aim — including Hutchison China Meditech and Asian Growth Properties — have risen at least 70 per cent in the past five years.