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ZAI scandal – one last minute appointment of Nomad, but the bells are tolling

Published 2 minutes ago

As I write, it is now less than half an hour to the close of trading on Friday 17 November. On Monday, any company previously employing the services of ZAI Corporate Finance as Nomad which has not found a replacement will be booted off the AIM Casino. They include AIM-China plays Grand Group (GIPO) and Northwest Investment Group (NWIG), Polo Resources (POL) and Ukrproduct (UKR).

ZAI scandal: first clients announce new Nomad, but ten facing suspension on Thursday

Published 32 days ago

Last week we had the shocking announcement of the culling of ZAI Corporate Finance as a Nomad by AIM, apparently due to a hip operation on one of its Qualified Executives. Of course, there is more to this than meets the eye, as discussed by Tom Winnifrith HERE. But aside from the actions of AIM as judge, jury and executioner – all behind closed doors – there is the issue of what happens to the clients of ZAI who use it as Nomad. Of twelve companies which announced they were looking for a replacement last week, we have now had two transfer – to Northland Capital Partners.

ZAI scandal – the rush to sign up a new Nomad already under way….for some more than others?

Published 38 days ago

In the wake of AIM’s shocking execution of ZAI Corporate Finance last night – announced not once but three times at 6.15pm – the collection of AIM-listed to-be-former clients of that Nomad firm has been keen to get a message out to the market that the search for a replacement is already well underway.

AIM-China Grand Group interims (the day before suspension) – lots of cash, why no interest?

Published 50 days ago

AIM-China play Grand Group (GIPO) has released its interims to 30 June – one day ahead of the suspension of its shares on the world’s most successful growth market – about which there was no comment at all! This is therefore the last call to gain an exit ahead of suspension.

AIM-China play Grand Group – end of the road in sight?

Published 54 days ago

A brief note to flag up that AIM-China play Grand Group (GIPO) has until the end of this coming week to comply with its investment policy or be suspended from the Casino.

AIM-China Grand Group – a chance to bail

Published 66 days ago

AIM-China investment company Grand Group (GIPO) has divested itself of its investments and as such has until the end of this month to implement its investing policy or face a share suspension under AIM Rule 40. Another six months with no progress would result in a trip to the execution chamber.

AIM-China Grand Group – oh dear, now the Chairman walks. Get out!

Published 124 days ago

AIM-China investment company Grand Group (GIPO) has announced the departure of its Chairman. It may not formally be one of our Filthy Forty, but it sure is doing its best to make the grade.

AIM-China Grand Group – anything to see?

Published 125 days ago

I’ve covered AIM-China Grand Group (GIPO) a couple of times already but there is something fishy about the share price movement over the last few days. Surely even Marcus Stuttard’s oxyorons at AIM Regulation will view what follows with some interest. Remember, the company claims to have about £25 million of cash as a cash shell and the market closed on Friday with the company worth just £2 million.

AIM-China Grand Group – after the shares fall at last an update

Published 128 days ago

AIM-China play Grand Group (GIPO) may not be of the filthy forty for listing too late, but the share price has been telling you something, given the massive discount to cash on offer. I said on Monday that a statement was needed as the shares again collapsed. Today (at last) it has obliged.

AIM-China Grand Group – shares collapsing, statement needed

Published 131 days ago

AIM-listed Chinese play Grand Group (GIPO) has had something of a chequered history even by the standards set by the Filthy Forty. It didn’t get in because it listed too late, but that hasn’t stopped the comparisons. It listed at 80p in January 2015 yet there appears to be a rush for the exit today, with the stock off by 32% at just 9.75p.

Grand Group: FY16 numbers a fitting tribute for a F40 wannabe, or a straight buy?

Published 143 days ago

Grand Group never made the ShareProphets AIM-China Filthy Forty. It was nothing to do with qualifying, it just arrived on the Casino too late. But listing in January 2015 at 80p to give it a market capitalisation of £27 million it is now worth just £4.8 million. Ouch!

AIM-China Grand Group: a bargepole investment from the province of Norfolk, or just misunderstood?

Published 281 days ago

By pure accident of timing AIM-listed China play Grand Group (GIPO) missed the cut-off for inclusion in  the ShareProphets AIM-China Filthy Forty. But it is littered with Red Flags and with the shares having collapsed from just shy of 60p a pop after a lack-of-accounts-induced suspension was lifted at the end of December to yesterday’s close at just 14.75p those Red Flags are fluttering brightly in the wind on the world’s most successful growth market. 

Tom Winnifrith Bearcast: Explaining exactly why Cloudtag is not a bad company it is a FRAUD

Published 296 days ago

Apparently some folks think that Cloudtag (CTAG) is just a bad company not a fraud. I explain to such folks the difference between a fact and an opinion (Latin scholars are aware of this already) and why exactly that makes this company a 100% fraud. Its shares are now just 4.75p to sell but the target remains 0p as it is a fraud. Then it is on to the importance of NEDS and what they are there for ref Advanced Oncotherapy (AVO). Then I move to Ashley House (ASH) and a bit of macroeconomics, to Grand Group (GIPO) and onto Galantas Gold (GAL)

And the winner of this Year’s ShareProphets “bury bad news” Christmas sweepstake is…

Published 329 days ago

Bah, humbug! Last year’s final trading session before Christmas saw the RNS system take an early bath, but this year it was in full flow right through to 6.30pm, even though the markets closed at 12.30. So who slipped out bad news as everyone was off doing their last minute Christmas shopping? And who went the extra mile by leaving the release of bad news right into the evening? We had some cracking entries on that score, and we have a winner to announce as regards the sweepstake.

Filthy Forty – interims deadline looms: yet more executions afoot?

Published 425 days ago

Of the original 40 AIM-China companies we identified as our ShareProphets Filthy Forty, the steady attrition has seen that number whittled down to just 17 companies. The period either side of the reporting deadline for calendar 2015 numbers (30 June) saw further departures, but last year’s interims deadline saw a queue for AIM’s Death Row develop. How are we looking this time?

Filthy 40 AIM Casino Elimination Stakes – you were right! (so far…)

Published 503 days ago

It seems that Yougov, Mori and whatever else the pollster are called these days have a thing or two to learn from ShareProphets polling. They keep on getting it wrong, but our readers responded to the question of how many delistings and suspensions were coming on the ShareProphets AIM-China Filthy Forty over four weeks from 17 June and half of respondents said two or three. So far, it is bang on. Mind you, there are still a few days to go.

Filthy Forty AIM Casino Elimination Stakes: now in the final furlong but a loose horse has already crossed the line!

Published 506 days ago

The race to see which of the twenty remaining ShareProphets AIM China Filthy Forty companies clocks up a suspension/delisting is hotting up as we enter the final furlong. Yesterday saw the loose horse of Grand Group (GIPO) – a non filthy forty runner but an otherwise well qualified AIM-China play nonetheless – cross the line first with a suspension as it can’t get its accounts out on time. But with a surprise late run GTS Chemical (GTS) now looks clear of the field as they head for the line after announcing plans to delist in August, subject to the forgone conclusion of a vote at its AGM.

Grand Group – another AIM-China stock suspended!

Published 507 days ago

AIM-China play Grand Group (GIPO) only joined the Casino in January 2015 and consequently missed inclusion in the ShareProphets AIM-China Filthy Forty despite sporting outstanding credentials: Cayman Islands incorporated, ownership of assets through VIE arrangements. Oh and a cash-pile to die for. On listing, investors must have been sorely tempted to grab a grand. This morning the shares were suspended because it can’t get its calendar 2015 accounts out by tomorrow’s deadline. Oops.

Tom Winnifrith Bearcast 15 April - In poor Phorm after lunch with Lucian

Published 582 days ago

I woke up last night panicking that after staggering home from a boozy lunch with Lucian I had written a drunken piece laughing at all sorts of folks after Phorm admitted it was bust but that I had just written it becuase I felt like it not because it was true. Imagine my relief to discover that it was in fact true and with hindsight I think I write jolly well when drunk. Perhaps we should have a writing contest myself & Paul Scott both drunk vs two boring sober bastards. I digress. I look at BP and executive pay and unable to resist poking some fun at the ghastly Nicola Horlick and dreadful Channel 4 News. I look at 21st Century Technology ( C21), Gulf Keystone (GKP), Strat Aero (AERO), Grand Group (GIPO)) and 88 Energy (88E) where Lucian is short. In a sort of flashback I recall our discussion yesterday on 88 and recount it. 

AIM-China Red Flags at Night: Grand Group boardroom departures

Published 582 days ago

Hmmm, a Chinese company domiciled in the Cayman Islands lists on the Casino and less than sixteen months on there appears to be a bit of a procession going on, with two directors walking the plank with immediate effect in consecutive days. Sound familiar? 

Happy Chinese New Year! Grand Group Investment PLC - To VIE or not to VIE ?

Published 649 days ago

On Monday 8 February it will be Chinese New Year so why not celebrate. Shareprophets has analysed investment companies and Chinese companies, now AIM listed Grand Group Investment PLC (GIPO) which is an equity investment business specialising in high growth unlisted Chinese companies coms - with a reader hat tip - into the spotlight.

Filthy Forty (and others) - who is passing these as fit? Part 7 - the City's cut

Published 748 days ago

In Part 7 Graham Chester looks at the city’s cut when it comes to listing a China play on AIM and wonders whether it is good value for money – or, indeed, whether the financial due diligence process is protecting investors or just part the City’s stock promotion machinery.

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