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Foresight 4 VCT AGM Result

At the Annual General Meeting of Foresight 4 VCT today, all three board directors only very narrowly managed to get re-elected – with 50.01% voting FOR Chairman Philip Stephens,...

FCA Consultation on MiFID II

On 29th September the FCA launched a third consultation paper on the MiFID II directive. Now, this may appear to be a very dry subject, of little significance to individual...

Asian Citrus Shares Suspended

Asian Citrus (ACHL) is one of those Chinese AIM companies that you have heard so much about - for example in the BBC Radio Programme reported on in my last blog post. The revenue has been falling and the losses rising at Asian Citrus but any investors still holding the stock are going to have a very bitter taste in their mouth after the latest announcement. Today (29/9/2016) the company announced that it could not issue its Annual Accounts on time and ...

AIM – Is Enough Being Done to Protect Investors?

Last night (27/9/2016) BBC Radio covered the topic of the AIM market and asked whether enough was being done to protect investors. See File on Four www.bbc.co.uk/programmes/b07wby0z . Here's a brief summary of the contents with some comments. The BBC visited Hotel Chocolat, a recent AIM listing, and spoke to Angus Thirlwell, the CEO. He indicated they wanted "light touch regulation" so as to avoid a lot of paperwork and said it was one of the attractions of AIM. Comment: it seems ...

BBC Radio Programme on AIM

Are British investors being ripped off by unscrupulous businesses exploiting the AIM market? This is one of the questions being tackled on the BBC tomorrow night (27/9/2016) in a File on Four radio programme - BBC R4 at 8.00 pm - see http://www.bbc.co.uk/programmes/b07wby0z It should make for interesting listening. It certainly came up as a topic of conversation in our meeting with LSE management today where we discussed the problems of AIM. More on that later and I hope to write a report ...