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Limitless Earth – grossly overvalued and a classic AIM lifestyle company with the added curse of Nilesh

By Tom Winnifrith, the Sheriff of AIM | Saturday 29 July 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.


Yesterday I detailed the catalogue of schoolboy accounting errors in the final results from Limitless Earth (LME). I made the Nomad aware but as this is AIM it seems as if nobody cares. Perhaps dropping a note to the FRC might concentrate a few minds round at Cairn Financial? The annual report has now been published and fresh horrors emerge.
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