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.
We today launch the China AIM Casino Filthy 40 – a way of tracking what a fraud ridden mini cesspit this is. The findings and the tables below will truly shock you and shows what fantasists the idiots running the London Stock Exchange are.
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Comments
Bobby Chariot
I’m sure Mr Roulette has more important thing to do than be concerned about fraud and PI’s losing money on his watch.
DUCK AND DIVE
Good stuff – but the maths don’t work. It can’t be fair or statistically valid to cancel out 560% and 450% risers with two 100% losers. You need to leave the big winners in – or cancel ten 100% losers.
Paul Scott
Hi,
Great idea to tabulate all the Chinese AIM stocks – a shocking result, which confirms my long-held view that it’s safest to avoid ALL Chinese AIM stocks. Why take the risk of searching for the needle in the haystack?
Tinci was bid for at 20p I believe. So if the 20p was actually paid to shareholders after it de-listed then the -100% result in the table should really be corrected to -71.4% (being the drop from 70p IPO price to 20p takeover price).
TW Note UK shareholders ( very few were offered 20p). Not all took itKeep banging the table about the scandal of LSE allowing any old crap to float on AIM. There need to be better safeguards for investors. Although it’s pretty easy to avoid the dodgy companies – just don’t touch any overseas companies that join AIM. After all, a market with no effective regulation is just going to be a magnet to con artists all over the world. Sure, some might be genuine, but why take the risk when you don’t have to?
Regards, Paul.
TCS
We’re going to reach a point where the bloody things are listing at 8am and delisting by lunchtime.
Daniel Victor
I own some shares in Vmoto.It does operate partly in China,but it is based in Australia.
alan
I have quite a lot of shares in gowin new energy which was delisted from aim but is still listed on ISDX . The shares are still showing on my halifax account but obviously unable to sell them. I wonder if they can realist on aim or have the shares likely to ever have value
Phil
Duck
I would like a pound for every argument I have got into with statistics.
Over the years I have come to the conclusion it’s best to judge them as you would a piece of art. Offer them up and let people take from them what they will.
My own, first took a couple of seconds, just avoid.
Second and perhaps most telling, that poor regulation is worse than no regulation, the regulators are more interested in their own wealth and don’t give a stuff about yours.
Lastly the overall solution, become your own regulator and for that I need the (true) free press.
The numbers, they never even came into it, it’s so bad,
I wonder how many have a short book
tzyam
Tom are you saying that auditors Crowe Clark Whitehill are producing fraudulent accounts for some of these companies.
Tom Winnifrith
TYZAM
It is a statement of fact that CCW has signed off on a number of fraudulent accounts
T