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Filthy Forty Walcom: bank blinks first

By Nigel Somerville, the Deputy Sheriff of AIM | Friday 5 June 2020


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.


They say that if you owe the bank a quid you’ve got a problem, but if you owe the bank a million quid – or in the case of ShareProphets AIM-China Filthy Forty group Walcom (WALG), RMB200,000 by the end of May, then it is the bank which has a problem – especially if Walcom can’t pay. And so the latest deadline came and went….and it was the bank which blinked first...

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