By Tom Winnifrith, The Sheriff of AIM | Friday 8 July 2016
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.
Shares in Avanti Communications (AVN), once the darling of AIM, collapsed by 60% yesterday amid all sorts of horrors emerging. It is a big story and most papers are covering it, at least with a mention. But in the Daily Telegraph there is nothing ....except
Turn to page 4 of the Business section and as you can see below there is a half page advert paid for by Avanti for a mega conference paid for by Avanti with among its keynote speakers cabinet minister Justine Greening, Avanti CEO David "the bombast" Williams and oh...Telegraph economics editor Liam Halligan. Liam - are you speaking for free? Er....
So Avanti gives the Torygraph stacks of cash. Possibly it bungs a few quid to a senior writer. And the Torygraph does not mention the embarrassing lack of profits/possible bankruptcy warning. Seems like it is a win win for everyone. But what of that old fashioned idea that the press was there to hold the powerful to account, to expose failings and matters that corporates or the political elite would rather not be exposed?
Oh FFS Winnifrith don't be so 20th century, ... try to understand how the modern world works.
Never miss a story.
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments are turned off for this article.
Search ShareProphets |
Stock market news |
Recent Comments |