Wednesday 15 August 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
MBL Group – part one: notice to seek cancellation of AIM admission… though potential shareholder return hit
A couple of months back I wrote an article HERE suggesting that investors steer well clear of failing AIM company The People’s Operator (TPOP), and there have been a number of developments since then.
The People’s Operator (TPOP) is one of a number of AIM companies where you have to wonder whether there is really any point in it continuing to stay in business, other than generating fees for its brokers.
The People’s Operator (TPOP) is one of those AIM companies where it is hard to see how it will survive in the longer term, and unless things somehow alter dramatically, the recent changes will only delay the inevitable.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
The Stock Exchange today took the unusual step of suspending trading in shares in The People's Operator (TPOP) under rule 1510. So what is going on?
“The People's Operator (TPOP), the cause-based commercial mobile virtual network operator, is pleased to announce its full year results for the period ended 31 December 2016”. Hmmm, these being announced approaching six months after the year-end – rarely a good sign…
The People’s Operator (TPOP) was once a favourite with private investors but its share price has taken a tumble since the latter part of 2016. However, I believe that it is still well over-priced at its current level.
By shortly after 10 AM today shares in The People's Operator (TPOP) had crashed by 30% from 16.5p mid to just 11.5p. By midday there had been a marginal recovery as some morons went bottom fishing. But there had been fewer than 50,000 shares traded. At 12.33 PM the company published a catastrophic RNS. If this is not insider dealing what is?
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