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ShareProphets China AIM 'Filthy Forty' update – good riddance Taihua edition

By ShareProphets | Wednesday 10 May 2017


Since our previous (March) update, another ShareProphets China AIM 'Filthy Forty' company has followed Geong International and co in 'Geong, Geong' and then Gone...

Taihua (TAIH) has now also de-listed citing “market conditions, and in particular the lack of investors for the company's businesses” and “significant professional fees”. Hmmm - we wonder why? The below now shows 26 cancellations (and currently suspended MoneySwap (SWAP) soon set to be next), against just 3 winners. If you count the cancellations & suspensions as -100%, the overall average is worse than -54% and excluding the best and worst 3 worse than -94%. The full tale of woe follows...

List Date Company IPO Price (p) Price (close 10/05/2017) Change since IPO Nomad & Broker 
02-Jul-04 RCG HLDGS LTD (RCG) cancelled - 08/07/2014 "best interests" Smith & Williamson
17-Dec-04 ALPHA RETURNS GRP PLC (ARGP) 2,125 0.35p -100% ZAI & Peterhouse
03-Aug-05 ASIAN CITRUS HLDGS (ACHL) cancelled - 29/03/2017 accounts not published  Cantor Fitzgerald
16-Dec-05 UNIVISION ENGINEERING (UVEL) 3 0.675p -78% ZAI
06-Feb-06 BODISEN BIOTECH INC (BODI) cancelled - 29/12/2014 accounts not published Charles Stanley
19-May-06 HUTCHISON CHINA MEDITECH (HCM) 275 2962.5p 977% Panmure Gordon
23-Jun-06 GEONG INTERNATIONAL (GNG) cancelled - 02/11/2015 accounts not published & NOMAD resignation finnCap
26-Jun-06 ARC CAPITAL HLDGS LTD (ARCH) cancelled - 16/10/2015 NOMAD resignation Grant Thornton & Edmond de Rothschild
31-Jul-06 TINCI HOLDINGS (TNCI) cancelled - 23/01/2015 "best interests" Stockdale
05-Oct-06 ASIAN GROWTH PROPERTIES (AGP) 36.75 141p (inc. 106p special dividend) 284% Panmure Gordon
23-Oct-06 LED INTL HLDGS LTD (LED) cancelled - 22/08/2016 accounts not published & NOMAD resignation Allenby
14-Dec-06 TAIHUA PLC (TAIH) cancelled - 08/05/2017 "best interests" WH Ireland
21-Dec-06 WALCOM GROUP LTD (WALG) 35 1.05p -97% Allenby
14-Feb-07 HAIKE CHEMICAL GROUP LTD (HAIK) 79.8 22.75p -71% Stockdale
10-Dec-07 CHINA FOOD COMPANY PLC (CFC) cancelled - 29/12/2014 accounts not published  finnCap & Numis
30-Sep-08 SORBIC INTL PLC (SORB) cancelled - 17/07/2015 NOMAD resignation  finnCap & Hybridan
14-Dec-09 ORIGO PARTNERS PLC (OPP)  50 1.875p -96% Smith & Williamson
06-Sep-10 ASIA CERAMICS HLDGS PLC (ACHP) cancelled - 29/03/2016 NOMAD resignation WH Ireland
12-Oct-10 GLOBAL LOCK SAFETY(INTL)GRP CO LTD (GLOK) cancelled - 19/05/2015 NOMAD resignation Allenby
01-Apr-11 EASTBRIDGE INVESTMENTS PLC (EBIV) cancelled - 12/07/2016 not fulfilled investing policy Northland & Peterhouse
23-May-11 CHINA NEW ENERGY LTD (CNEL) 7 1.175p -83% Cairn & Daniel Stewart
01-Aug-11 PEMBRIDGE RESOURCES PLC (PERE) 40 3p -93% SPARK, SI Capital, Beaufort & Shard Capital
31-Aug-11 MONEYSWAP PLC (SWAP) suspended - 21/09/2016 depositary interest facility cancellation  Allenby
02-Apr-12 AUHUA CLEAN ENERGY PLC (ACE) cancelled - 30/03/2016 NOMAD resignation Grant Thornton & WH Ireland
05-Apr-12 NAIBU GLOBAL INTL CO LTD (NBU) cancelled - 23/06/2015 NOMAD resignation  ZAI & Daniel Stewart
22-Jun-12 GLOBAL MARKET GROUP LTD (GMC) cancelled - 24/09/2015 NOMAD resignation Grant ThorntonStockdale
20-Aug-12 CHINA CHAINTEK UNITED CO LTD (CTEK) cancelled - 12/10/2015 NOMAD resignation ZAI
09-Nov-12 VMOTO LTD (VMT) cancelled - 19/11/2015 "best interests", now just on ASX finnCap
19-Dec-12 GREEN CHINA HLDGS (GCH) cancelled - 18/06/2014 "best interests" Cairn
24-Dec-12 CAMKIDS GROUP PLC (CAMK) cancelled - 30/10/2015 NOMAD resignation Allenby
02-May-13 ALL ASIA ASSET CAP LTD (AAA) 3 5.5p 83% Allenby
16-Oct-13 CHINA RERUN CHEMICAL GROUP LTD (CHRR) cancelled - 09/11/2015 NOMAD resignation Cairn & Beaufort
07-Nov-13 GOWIN NEW ENERGY GRP LTD (GWIN) cancelled - 30/03/2015 NOMAD resignation, now on NEX Exchange Cairn & Alexander David
09-Dec-13 JQW PLC (JQW) cancelled - 05/01/2016 NOMAD resignation Cairn
14-Jul-14 JIASEN INTL HLDGS LTD (JSI) cancelled - 28/02/2017 "best interests"  Cairn & Beaufort
01-Aug-14 GTS CHEMICAL HLDGS PLC (GTS) cancelled - 02/08/2016 "best interests" SP Angel
04-Dec-14 PCG ENTERTAINMENT PLC (PCGE) 6 0.125p -98% Allenby & Beaufort
03-Feb-15 AQUATIC FOODS GROUP PLC (AFG) 70 10.75p -85% SP Angel
10-Mar-15 GATE VENTURES PLC (GATE) cancelled - 23/07/2015 NOMAD resignation  Beaumont Cornish & Cornhill

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