By Nigel Somerville, the Deputy Sheriff of AIM | Sunday 30 January 2022
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.
Origo Partners (OPP) was a member of the ShareProphets AIM-China Filthy Forty and is one of the last handful still standing. It was an investment company and lost almost all of the shareholders’ funds as the nest of snakes that was running it made, ahem, questionable investments which either collapsed or just disappeared. In 2017 current Chairman, Mr John Chapman, arrived and the previous board – and Nomad, Smith & Williamson – were given the boot as the past was revealed in all its horrific glory, alongside a series of major write-downs or just write-offs as Mr Chapman applied some common sense to the stated NAV, and in some cases just bothered to find out what the company had bought (if anything at all). But last week came some good news….
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