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How on earth does a broker not make money in this market? Ask the scumbags at bucket shop Novum!

By Tom Winnifrith, the Sheriff of AIM | Thursday 7 October 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.

How on earth has any broker in London not managed to make out like a bandit, or should I say broker, during the past two years? It almost defies belief given how every company on earth seems to have done at least fund raise earning stacks of 5% commissions for the bandits. I mean brokers. But somehow the gutter dwellers at Novum Securities have managed to post another whopping loss as you can see below.

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