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MiLOC Group – ouzo time as NEX (former ISDX) Corporate Adviser ups sticks

By Nigel Somerville | Saturday 4 February 2017


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.


Having dished up a ghastly profit warning on the last trading day before Christmas, China company and NEX- (the lobster-pot formerly known as ISDX) listed Miloc Group (ML.P) has announced the termination of the appointment of its Corporate Adviser, Grant Thornton, with effect from 6 March 2017. We’ve covered this one before (see HERE if you fancy a good giggle) as its FY15 accounts were pure comedy and the history of its listing on London’s sub-junior market has been a festival of Red Flags for this purveyor of Traditional Chinese Medicines. Sadly, it looks as though the joke may soon be over.


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