From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Scirocco Energy – As Greenan Deal Falls Flat, Shareholders To Vote On Cash Return at another AIM scandal

By Nigel Somerville | Thursday 22 February 2024


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.


Back in 2022 I followed the controversy over the change of strategy at AIM-listed Scirocco Energy (SCIR). In the end, shareholders backed a deal under which the company would dispose of its Ruvuma asset and move into green energy via a deal to acquire Greenan Energy in Northern Ireland. Last heard, the Ruvuma disposal had stalled and now the Greenan deal has fallen apart with the asset now sold at a loss. Both deals appeared to me to be poor ones and shareholders are being left to carry the can.
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

Wednesday »

Tom

Are you coming to Sharestock on September 7?

 

VANL

Van Elle Holdings – a Buy?

Thursday »

CCT

Character Group – a Buy?

 

ING

Ingenta – now a Buy again?

Time left: 00:14:49