UK 09:59 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. 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 am a fan of Reach4Entertainment (R4E). We own the shares. I think they are cheap at 1.65p, they should be at least double that within two years as I explain HERE. But today it has announced a tiny deal which is just sordid (legal) tax avoidance. It leaves a bad taste in the mouth. Maybe I am becoming a bit of a Corbynista in my old age but I wonder how you feel?
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Comments
manicseagull
Tom, I am surprised at your complacency in this. This is a fraud. If the reason for the transaction is as you say it is, it is not legal tax avoidance, it is tax evasion. If you are mistaken and it is intended to be a commercial acquisition it is a fraud on shareholders, if the acquisition is designed to transfer cash from the company to directors deceitfully.