By Tom Winnifrith, The Sheriff of AIM | Wednesday 28 July 2021
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.
In the last couple of years, St James House (SJH) has made two separate disposals in respect of its payments business to a company MDC Nominees Limited which is wholly controlled by its in-house barrister Mr John Botros. The first two disposals generated very significant profits for St James as it disposed of insolvent businesses for only £1. St James has now sold a third payments business in the same way. The details of all three transactions are summarised below:
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