UK 14:49 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.
Sefton Resources (SER) has today updated its shareholders via a release which can only be described as semi-literate. Was it written by Zak Mir? Notwithstanding the appalling syntax the message is clear: shareholders are fucked. We bring the release with a ShareProphets translation service in bold.
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Comments
drunken sailor
“Surely the person who write” = wrote
johng
Best thing in all of this is Chris Oil has been rogered over… not only by SER but Dan who sold him his stock. Karma is a sexy bitch.. innit Chris ?
Phil
I haven’t read such a load of tripe in a long time. get the purchase ledger, sales ledger, payroll and sales files, the rest is just homework.
There is no such thing as a cooperative outgoing board even in the best of circumstance. Why would you want to go to them anyway, the remnants are always useless,. By the time you get your hands on it the best of the board left long since at a time of their own choosing.
How come they didn’t know what they were going into, we all did, thanks to SP. If they read it instead of condemning it maybe they would have lost so much of their money. More fool them eh. talking of fools, even the LSE BB get it now.
You know the AIM, unless it can get rid of crap companies like Sefton and the ridiculous idiots that buy into them, AIM will die. AIM is fighting for its very existence and it is losing.
Antondec
In Wall Street in 1987 Gekko berates the Teldar Paper board as they owned less than 3% of the company yet all took home massive wages. If PLC’s are truly to be trusted the only way to avoid these types of scandals is forcing company executives to be shareholders on a meaningful level (15% combined say). The shares should also be locked in for 12 after they leave if all is well and forfeited in the event of fraud being discovered. I would also insist the company has security against a directors personal assets to the level of the share value to really focus the mind.
Currently (a la Sefton) these listed vehicles are cash machines for executives. There is no moral hazard and mug shareholders get shafted. Start enforcing the existing law and make shareholder joy/pain management joy/pain- if you want other people’s money you should earn it!
J P Spaghetti
“If PLC’s are truly to be trusted the only way to avoid these types of scandals is forcing company executives to be shareholders on a meaningful level (15% combined say). The shares should also be locked in for 12 after they leave”
That’s a really good thought from ANTONDEC (I guess he meant “12 months”). Is it not?
Antondec
JP
Yes I meant 12 months (late night post) – although you could add an increasing scale for people with dubious histories! David Lenigas 5yrs, Rob Terry 5 lifetimes etc etc etc