UK 19:54 Friday, 23 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.
In today's podcast I discuss what exactly is market abuse and who commits it. I talk about how I reported myself for market abuse to the FCA when dealing with bully boy lawyers from Range Resources. And who really commits it. At a company level I look at 3 Legs Resources, Afren , TXO, Northern Petroleum and Mosman Oil and Gas.
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Comments
CATHAL O CONNOR
Hi Tom
Take a look at the info below ,I got from the xcite board, reads like censorship to me .I value the the work you guys do
and i find the item below annoying
Enforce or change the ruling under Section 21 of the Financial Services & Markets Act to ensure that Bloggers, share tipsters and ‘financial journalists’ such as found on ShareProphets.com have to be fully registered on the Financial Services Register.
drunken sailor
Tom,
I think you have done 3 Legs a disservice. The drop in share price is because they have returned cash to shareholders. Yes it is now an investment company. It is looking to reverse something worthwhile in – that may or may not happen, but until it does directors get nothing. Even then they have a salary of just £5k per year, which accrues until they have done a deal. That deal has to work out and deliver value to shareholders for the directors to benefit from their holdings.
I am not saying 3 legs will pan out as an investment company, indeed I am pretty sceptical about all such companies, but at least they are not just ripping of shareholders to fund directors life styles. Compare this to other AIM investment companies, like TXO who have paid directors a fortune in fees and related party transactions for delivering absolutely nothing. TXO are now 4 trading days from potential suspension.
Daniel Victor
Don’t think that you can short Mossman as a spreadbet,and I can’t pluck up the courage to short stock on the market – as I am in effect promising to deliver something I don’t currently have – so if someone were to corner the market,they could charge me what they liked for meeting that obligation.As for Afren,if they are losing money at an operational level,why is Waseem long the debt ? He must see some value in the assets – if enough money is spent on them. Brrrr !
doc h
I’m a fan of SRES not TYM I think Malcolm Stacy was TYM.
TXO suspends Friday I think then it’s delisted in 28days on…
Bests
Doc