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

GOTCHA: Blue Star Capital: not just the P&L but the balance sheet was, as predicted, fiction, shares collapse again

By Tom Winnifrith | Wednesday 13 March 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.


Much hyped sub-scale investment company Blue Star Capital (BLU) was a company I warned about in the most explicit terms about two years ago when the shares were 0.403p, a market cap of £20.2 million. After shocking, or not so shocking, news today this Jonathan Bixby/Mike Edwards created spoof sees its shares at 0.0375p a market cap of just under £2 million. So that is a 90% drop in two years. Ouch. Of course, the gerbils knew better than old TW@! They always do.
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.



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

Time left: 07:54:22