Vindication! Vindication! 6 years of warnings from ShareProphets: Now PureCircle “discovers” even more fraud!
When investing at the speculative end of AIM, I think it is critical to try to avoid sudden disasters or unexpected suspensions as a sensible stop-loss strategy can usually deal with most other occurrences. Accordingly, I thought I would flag a potential issue in the making at Appscatter (APPS) as the current risk / reward pay-off looks way off.
I initiated coverage on Appscatter (APPS) when it came to market last September with a few warning signs and a nervousness that history could repeat itself to the detriment of its shareholders. Well seven months in and a potential acquisition accompanied by a massive fund-raise announced (obvs), I thought I should update my thoughts.
Interesting to see a new tech IPO this week with appScatter (APPS) joining AIM yesterday, raising £9 million at 65p. I thought I should take a look and only have the three concerns; the management team, the business model and the valuation! Taking each in turn:
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