By Nigel Somerville, The Deputy Sheriff of AIM | Monday 26 January 2015
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.
In my last piece on Tern plc (TERN) I looked at the stake in the company bought by Hargreave Hale (HH), on behalf of unit trusts that it manages. Having concluded that there were breaches regarding disclosure rules, it turns out that one of them may have another – innocent – explanation which is entirely within the rules. But the implications are horrendous.
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