UK 07:32 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. 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.
On 24 June Satsuma (SATS) announced that there would be, at last, a vote on returning capital to investors although still leaving £2 million in the kitty after all winddown costs and on delisting to become an unquoted shell. It also said that its audited accounts will not be published by the June 30, 2026 deadline, leading to a requested trading suspension from July 1, 2026. I think that is not justified by accounting law and just a ruse to hide monumental greed. The consequent suspension disadvantages shareholders and, as such, regulators should be all over Satsuma and its board led by disgraced Ranald McGregor-Smith. Here’s why.
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