UK 09:35 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: The author has a short position in one or more of the shares mentioned. 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.
When looking at the accounts of UK companies one should remember the adage that profit is a matter of opinion while cash is a matter of fact. When looking at the accounts of Chinese companies the above does not apply. Cash should also be treated as a matter of opinion. Indeed as a rule of thumb, the best way to look at Chinese companies, particularly those quoted on AIM is to assume that everything about them must be questioned, unless specifically proved otherwise.
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Comments
Duck and Dive
Excellent stuff — if a little tarnished by sitting uncomfortably close to today’s blatant Leni Gas puff.