By Tom Winnifrith | Monday 6 June 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.
At the peak of a raging bull market ADVFN (AFN) managed an almost unique event in its history, it reported a profit. Facing a "sack the board" threat from Yair Tauman it recklessly started paying dividends. Now, as we slip into a bear market and with Yair’s nominees in charge we see how that payout was foolish and unsustainable as a ghastly warning of steep losses and worrying cashburn is served up.
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