UK 18:55 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.
Yes once again I record with my father listening as he takes a rare break from crowing about his investment skills thanks to him owning a house. In this podcast I cover the real - and falling value of shells. Folks are just deluded if they think they are worth £500,000 even if utterly clean. Then I look at a few lessons from Peer TV (PTV) where fraud took place and I also cover Servision (SEV) once again with a warning that I have more. Those of a sensitive left wing disposition may be offended by a few jokes at the expense of my father and step mother.
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Comments
Duck and Dive
I assume you have seen AIM’s January 2016 updated rules for investing companies:
http://www.londonstockexchange.com/companies-and-advisors/aim/advisers/aim-notices/aimnoteforinvestingcompanies-january2016.pdf
Probably the most significant change, which would have prevented the majority of AIM’s current investing companies from ever darkening our doorstep, is 5.2 Rule 8 which requires at least £6m of initial funding:
“The Exchange would expect the condition of admission to raise a minimum of £6 million in cash via an equity fundraising on, or immediately before, admission, referred to in Rule 8 to usually be satisfied by an independent fundraising and not be funds raised from related parties, unless the related party is a substantial shareholder only and an authorised person.”
And it’s easy to see why a company like Afriag Plc had to go since it clearly breaks a number of these rules including 3.1 (Appropriateness of Certain Entities), most notably in respect of its 100% owned operating subsidiary, Afriag Marketing (of which Dumbo Dave is an executive director) but also in respect of its 40% investment in Afriag SA which falls down on Rule 3.3 (Independence) and on whose Board, Dave insists he still sits, notwithstanding recent evidence to the contrary.
Xanderbelle
Ha ha. Love it.
Best tellephone voice and best behaviour at dads house.
Jimbo
The interest rate screw is not going to be tightened by anybody over than the bond markets, and I suspect we’re some way from the moment it is revealed the Emperor has no clothes…
wildrides
I see you are on your best Queens English for your father , interesting piece on shell value.