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’The Baltic Oil mystery
File this one with “the dog ate my homework”.
Here’s Aim-listed Baltic Oil Terminals explaining why its shares have been suspended on Wednesday.
From a company press release.
Emphasis ours.
In early 2011 the Company made significant changes to the senior management team at its operations in Kaliningrad,
Nasvan…
…couver.
This can’t end well. Nasdaq recently got the regulatory green light from the SEC to launch its new BX Venture Market.
The idea here is that BX will serve as a new listing alternative for early stage and smaller companies – bringing the gap between the over-the counter market and Nasdaq.
Another AIM success story [updated]
Dodgy “rent-a-doctor” company explodes — film at eleven:
HCL announces that the ordinary shares of the Company have been suspended from trading on AIM with immediate effect…
The Board has strong reason to believe that the financial performance of HCL for the year to 31 December 2010 will be materially below market expectations.
Going plural
Those words were first uttered by Royal Mail chair Allan Leighton when he left Wal-Mart, the US owner of British supermarket-chain Asda, to take on a portfolio of directorships.
But if Leighton has
Another one for the Aim Hall of Shame
H/T to reader Real Limey for this.
Background: Shares in Meldex were suspended in December 2008 as the Cambridge-based drug company told investors it was “seeking to clarify its trading and working capital position”.
The Regal report
The number, nature and duration of the breaches demonstrate a systematic pattern of conduct evidencing a reckless disregard for the AIM Rules by Regal.
Due to the size and high profile of Regal, the
Mayday call from Aero Inventory
Having been hit by a slew of bad news on Tuesday afternoon in London, things were not looking too good for shareholders in aircraft parts wholesaler Aero Inventory.
Not only is the inventory valuation issue,
Strong interest in AIM rival
Singapore’s revamped bourse for high-growth companies, a direct rival to London’s Aim, is attracting “strong” interest from Europe and Asia, according to a senior executive of the city-state’s exchange.
Go to Liverpool and veer left…
…and so long as you are on an Isle of Man Steam Packet Company vessel you should reach a self-governing, tax-lite Crown dependency smack bang in the middle of the Irish Sea.
The Isle of Man is not part of the United Kingdom and does not have membership of the EU.
Darling’s poor AIM
Tuesday’s pre-budget report could spark a rush to exit London’s junior market. The abolition of taper relief in April next year will result in a tax rise from 10 to 18 per cent on the selling of AIM shares.
London’s Aim attracts Bollywood rush
London is emerging as the international fund-raising hub for Bollywood with the third Indian film production company in as many months looking to list on the city’s Alternative Investment Market. Pyramid Saimira Theatres,
Aim market is ‘dangerous’: Wilbur Ross
The billionaire US investor Wilbur Ross has warned that London’s AIM market is “dangerous” for investors because of its lower corporate governance standards. “I’m certainly not saying that Aim should be done away with,
“The world’s most successful market for smaller companies”
The spat between the London Stock Exchange and its American rivals is getting silly. In its latest news release — a thoroughly up-beat pre-close period trading statement — the LSE has taken to referring its junior AIM market as “the world’s most successful market for smaller companies.”
Balls to defend Aim against US criticism
Ed Balls, City minister, will on Wednesday mount a vigorous defence of the Aim market, calling recent criticism from a US Securities and Exchange Commission policymaker “unwarranted and inaccurate”. In a speech at a Merrill Lynch conference today,
RAB Capital opts to stick with Aim
RAB Capital has decided not to move from Aim to the main London market even though it would have been a member of the FTSE 350 index and be able to attract investors who cannot invest in Aim stocks. The second-biggest UK listed hedge fund operator after FTSE 100 member Man Group said it had “no current intention”
LSE chief tells US to “stop navel-gazing”
Clara Furse, the LSE’s chief executive, has struck out in an increasingly acrimonious debate between US and UK exchange executives over the recent surge in foreign listings in London, saying US capital markets ought to come to terms with the success of Aim,
Alternext takes aim at Aim
If imitation is indeed the sincerest form of flattery, the LSE’s junior Aim exchange should be feeling good about itself.
Alternext, the junior market launched by Euronext in 2005, is coming to woo new investors in London this week in its bid to set up an Aim equivalent on the continent,
SEC official sparks row over Aim ‘casino’
A top policymaker at the US SEC on Thursday night sought to defuse an outcry in the UK over comments in which he was reported as having described the London Stock Exchange’s junior Aim market as “a casino”.