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Concha – keep the lights on placing (by Peterhouse) at the dead of night. Or was it broad daylight?

By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 20 September 2017


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.


Last night it was announced at 4.43pm that AIM-listed investment company Concha (CHA) had raised gross proceeds of £420,000 in a keep the lights on placing at 0.35p. The company trumpets that it was at a discount of 8% to the close the previous day, which makes it seem good value, although the shares cratered from 0.57p at around 1pm on the day of the announcement. No insider dealing there, then. 


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