UK 07:41 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Zak Mir's Lift Global Ventures (LFT) waited until late in the day Thursday to publish its annual report on its website so I have taken a deeper dive into its numbers. Lift has a structural problem in that even if you ignore the investments write offs of £750,000 in Trans Africa Energy and £67,106 of other mostly investment losses it still generated a loss of £159,046 on revenue of £476,506. So, its ongoing business is not sustainable as a public company because of the cost base.
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