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Onward Opportunities IPO – more coke & hookers cash for the crony capitalists but a duff investment

By Tom Winnifrith | Thursday 30 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.

Thanks to Nomad and broker Cenkos (CNKS) and Dowgate Wealth management, the AIM sewer has a new recruit, a totally pointless investment company, Onward Opportunities (ONWD). This is not capitalism it is crony capitalism. The City boys will make £1.1 million in fees over the first 12 months. Even with inflation that will secure the services of many Ukrainian young ladies and buy stacks of Colombia's finest. Meanwhile shareholders will almost certainly lose money.
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