UK 14:50 Sunday, 20 September 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.
A wide ranging little podcast with none of the bad language ( well less) in my earlier bearcast on CEB Resources (CEB) and its scumbag CEO Dave Whitby (HERE). In this edition I cover Globo (GBO), Daniel Stewart (DAN) – with breaking news - Northbridge Industrial (NBI), Auhua (ACE), New World Oil & Gas (NEW), ADVFN (AFN), Sefton Resources (SER) Holders Technology (HDT) and Northern Petroleum (NOP)
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Comments
Abdiel
ADVFN down 10% on the day and more than that over a couple of days as you mention here. Then they release results on a Friday evening. An auto bargepole! But point is some knew these awful results were coming. Yet another example of PI’s getting screwed.
Cant be too hard to find out who, it seems to be little traded, but ofc nothing will happen.
I understand Bens views on cleaning up aim, it is more pragmatic, no organization likes admitting that they are useless, especially the individuals whose arse is on the line, so is probably the way things will happen, IE out of sight ,but as you say the rules are already in place but people ignore them because they know they will get away with it!
Just one more small example of the corrupt market that is aim. :(
wildrides
Blimey …………….ADVFN slips out shite results again . Another loss despite a change of strategy being implemented in the period from growth strategy to a Profit and Cashflow priority , via lowering costs . Despite that change sales fell year on year and the employee head count rose 23% from 43 bodies to 53 . The consequence was of course a larger year on year loss . That worked well then . But of course according to “one in the” Chamber Clem it was all the shareholders fault for having the shear audacity to try and oust the board . This required a large expenditure on legal fees etc blah blah . You could have just walked and let a new broom have ago ! Never mind , onwards and ,err, downwards . Cant wait for next years results, what with the distraction of Oily and the AIM highwayman to contend with . Stand and Deliver , ya money or ya …………………
Hugs and kisses .
P/s Oilys website is a master piece ……….. Laugh …………. I nearly cried . Cripes I nearly split my eleven inchs of stiches from my twisted gut opp . That would have spilled the beans …. Take a look at his site , I can recommend it for extreme mirth induced agony on the seldom used stomach muscles .
johng
The Times
Ex-criminal Daniel Levi’s oil firm Sefton faces delisting
Alex Ralph
October 24 2015
RBS has told Sefton that it will cancel its account if it is delisted
Toby Melville/Reuters
An oil company whose former executive chairman and self-proclaimed one-time “hardened career criminal” successfully ousted directors in a boardroom coup faces being delisted from the London Stock Exchange.
Daniel Levi, who changed his name from David Hopkins, having been convicted of armed robbery, and associates had requisitioned a shareholder meeting last month that proposed replacing directors of Sefton.
Two directors quit before the meeting and Allenby Capital, the AIM-quoted company’s nominated adviser, has now resigned, triggering the suspension of trading in its shares.
Under AIM rules, the shares will be cancelled unless a replacement nomad, whose job it is to help the company to comply with exchange rules, is found within a month.
A source close to Sefton, which has been exploring other listing opportunities, said yesterday that it was unlikely a new nomad would be appointed.
Royal Bank of Scotland, Sefton’s main bank in the UK, has also told the company that its account will be closed if trading on AIM is cancelled.
Mr Levi stood down as executive chairman in April after Allenby Capital confronted him with questions over his change of name. The Times reported in July that he had failed to disclose his criminal record to Sefton’s shareholders, in breach of exchange rules.
Mr Levi was behind the downfall of Jim Ellerton, Sefton’s founding executive chairman, two years ago amid an investigation into allegations that he used its shares to pay off personal debts. Sefton is locked in a legal dispute with Mr Ellerton, who has been seeking to force the company into bankruptcy through a court in Colorado.
The saga is the latest controversy to hit the reputation of AIM after scandals such as that of Quindell, the technology contractor formerly chaired by Rob Terry, which is being investigated over alleged overstatement of profits.
Mr Terry has since accumulated an 8.7 per cent stake in Daniel Stewart, the small-cap broker and former Quindell adviser, whose shares were suspended for a third time this month. Daniel Stewart said yesterday that it was making progress on a funding package to allow it to publish its full-year accounts and resume trading on AIM.
drunken sailor
Well done to Alex Ralph at the Times for recycling all Tom’s work and not bothering to accredit any of it to him. I must get a paid subscription to the Times straight away, so I can read all last week’s / month’s / year’s news. Or maybe I will save my money and just read it as it happens on here.