BREAKING: Every single person owning Nightcap shares has now lost money – but CEO Sarah Willingham says she is having fun & its rewarding for her so that’s okay then
By Tom Winnifrith | Thursday 10 November 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.
Dragon’s Den “star” La Willingham tells shareholders in Nightcap (NGHT) that for her the past year has been “eventful, fun and, at all times, rewarding”. With her bonus scheme and that for her husband Michael Toxic, that may be true for her family. The shares listed at 10p, peak ramped at 33.5p and the last placing was at 23p. The shares are now just 9p-10p after today’s dire results. So anyone who has ever bought a share in this company since its January 2021 listing and who still holds is now out of the money. Do mug punters in Willingham's vanity PLC regard this experience as “fun and rewarding?” It will only get worse for them.
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