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

Pennpetro placing and suspension: of course, there was no forward selling or insider dealing

By Tom Winnifrith | Thursday 1 August 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.


Shares in David Lenigas ramp Pennpetro (PPP) were changing hands at 12.4p on Monday. Even yesterday they were 10.7p in late morning trade before an ominous slide to 9 5.p at the close with some trades going through at as little as 9.3p. Today the shares have been suspended and there is a placing raising a paltry £360,000 at just 6p. Nothing to see here guv, this is the City of London a beacon of transparency and honesty.
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

 

Tom

Photo Article from Sharestock: tea

Wednesday »

Bearcast

Tom Winnifrith Bearcast: red flags and bubbles

 

SDI

SDI Group – again a Buy?

 

Tom

Feeling Thirsty Evil Banksta?

Time left: 15:26:48