UK 17:58 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.
Anyone who was mad enough to back the Octagonal (OCT) placing at 2p this June is already 57.5% down. I guess by the standards of most David Lenigas placings of late that has to be viewed as a roaring success. I first touched on Octagonal as a car crash underway HERE and yesterday discussed its first rum and coke balance sheet entry HERE. But it gets worse (for Dave) and better for me.
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Comments
Phil Baker
Hi, if all Dave Lenigas are POS do I need to sell my rare earth minerals before it collapses. I really thought this one looked good, with Lithium for batteries being in demand as cars go electric and as solar panel owners dream of going off grid
Davecandle
Tom – have I missed it somewhere or have you commented on the fact that the fourth biggest shareholder of Lenigas Cuba on admission with 20m shares and 4% is Global Investment Strategy UK Ltd