UK 17:28 Monday, 26 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.
First they get the news that Smart Win has appealed against the rejection of its summary judgement motion; totally immaterial of course, regardless of what happens, because as explained here “the chances are better of winning the jackpot in the national lottery just buying 1 line for 1 week than they are of TXO (TXO) actually seeing any money.. [because]… Smart Win is a shell set up by two major Chinese companies and has no assets”
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Comments
drunken sailor
“What are the chances of TXO beating the hex of publishing results on the final day possible meaning you are bust before you get to publish the next set?”
Other Baldwin companies that have done this recently: RAM in 2013 – now dead and buried and CTFA in Sept 14 – suspended and not looking like coming back.
Maybe the assessment I posted on ADVFN the other day was overly generous:
“At the moment I would give TXO 50 / 50 odds of being suspended by 1 April, with administration and flogging off of any assets of value to repay creditors with shareholders getting nothing shortly thereafter.”
There is a strong possibility that TXO are trading whilst insolvent right now and the plug could be pulled on them well before 1 April. Not that that will stop the brainless rampers trying to suck in the mugpunters Bergen need to offload their 80M.
It is worth noting that the mysterious “investor in the Bahamas” who seems to have pulled the plug on the concrete lifebuoy they threw TXO back in Oct is now the largest single creditor and will be in pole position to pick up any assets it genuinely does want (most probably the full TXO stake in GBG (the rest is chicken feed or completely worthless)). Smells like a nice stich up from the outset by our mysterious investor and in the desperation to keep the gravy train on the rails, the TXO BoD fell for it hook line and sinker.