By Nigel Somerville, the Deputy Sheriff of AIM | Friday 30 June 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.
And so another year passes and ShareProphets AIM-China Filthy Forty investment company which doesn’t invest, Northwest Investment Group (NWIG), racks another year’s loss and still not a single investment. That’ll be six and a half years to the balance sheet date, and 7 to the current date. Meanwhile the £3 million raised is down to….
Er, that’ll be £770,000 of net asset value. In theory that means that the share – 134 million at 2.375p mid – are worth £3.2 million for £0.77 million of cash assets. That’s an awful lot of puff for a company which has spent the last seven years not doing what it said it was going to so.
There’s really not much else to say, apart from the long list of excuses as to why they’ve still not achieved a deal. After seven years.
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