UK 22:45 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.
We have warned you often enough that China AIM Norfolk Auhua Clean Energy (ACE) was just not fit for purpose and today its Nomad Grant Thornton has give it one month's notice that it will quit... Auhua says it is talking to another Nomad, yeah right...
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Comments
Andy
I really thought this one would be OK. Luckily, I had sold before today just in case.
I am totally disgusted though with AIM regulation. More checks need to be done on these companies so that this sort of criminal behaviour can never happen.
Tom Winnifrith
Andy
The lesson is now all too clear – do not hold any AIM China stocks
t
wildrides
China is just a giant fecking financial mess . Of all the shares in issue on China A list ( like FTSE 100 ) 50.2% are pledged by their owners as collateral against loans they have taken out . These loans were taken out at the top of the market before it started to fall . Now the value of these shares have fallen dramatically and the owners are facing margin calls on the loans they have taken out to replace the fall in value of the collateral pledged against their loans . As the market falls ……… more margin calls ……….. if they sell the shares and pay the loan off then the dumped shares lowers the market even more and others then get margin calls . There is alot of unwinding to do over there . Source : Zero Hedge.
Andy
It is indeed. In fact, i am sure i will avoid any company on AIM that is foreign and registered outside of the uk (including Jersey). AIM regulation is an oxymoron.
Drunken Sailor
The rumour being put out is that They found a cheaper Chinese Nomad and when GT were asked to match the price they walked. The fact that there are no Chinese Nomads will not stop the market abusers using this line to suck in mug punters.
I think all Nomads who need to resign for one reason or another should do so with immediate effect so the shares are suspended and the company should be given 2 months to find a new one. This 1 month notice malarkey is just an invitation to the pump and dump crews to commit market abuse.