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Eden Research terrible finals – what was Jo Hart smoking?

By Tom Winnifrith | Tuesday 7 May 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.

You may remember that in the middle of last year there was a concerted move to pump shares in Eden Research up to a peak of 12p. A highlight of this was Jo Hart’s Midas column which got the IPO date wrong by almost a decade, failed to mention the years of fraud, the condemnation by the FRC, 27 years of non-delivery and instead came up with some made up numbers suggesting that the shares would go from just under 4p to 19p. Shortly thereafter £9.9 million was raised at massively discounted 6.5p. Today we have calendar 2023 numbers.
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