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By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 11 July 2019
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.
I’ve been a bear of AIM-listed Haydale (HAYD) all the way down from 120p, and saying sell at 78p, to today’s miserable 1.775p but this morning’s trading statement gives me no reason to change my stance. I may have closed out in my five slam-dunk sells for this year but even then I warned that I would still be inclined to sell and I certainly wouldn’t buy here. Well, we’ve had a trading statement this morning – more remarkable for what it does not say rather than what it does, and that is never a good sign.
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