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Meli and Ouzo on my cornflakes – British Honey goes bust

By Tom Winnifrith | Tuesday 21 March 2023

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.

Three years and five days after listing on the Aquis lobster pot after raising £4.25 million at 110p British Honey (BHC) has today gone bust and appointed administrators. I warned that it was “uninvestable” when the shares were 114p in October 2021. Today it is game over. As I consider honey and ouzo on my cornflakes, the list of warning signs were there for all to see. Natch folks knew better than Old Tom.
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