Share Name Share Symbol Market Type Share ISIN Share Description
Azure Holdings LSE:AZH London Ordinary Share GB00B1CRL578 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
0.0 -0.1 -0.3 - 0.00

Azure (AZH) Latest News

Real-Time news about Azure Hlgs (London Stock Exchange): 0 recent articles
More Azure News
Azure Takeover Rumours

Azure (AZH) Share Charts

1 Year Azure Chart

1 Year Azure Chart

1 Month Azure Chart

1 Month Azure Chart

Intraday Azure Chart

Intraday Azure Chart

Azure (AZH) Discussions and Chat

Azure (AZH) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Azure trades in real-time

Azure (AZH) Top Chat Posts

DateSubject
29/9/2016
09:20
Azure Daily Update: Azure Holdings is listed in the sector of the London Stock Exchange with ticker AZH. The last closing price for Azure was -.
Azure Holdings has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 0 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Azure Holdings is £0.
04/10/2006
14:14
uknighted: Someone should tell ADVFN that Valirx is not the same as Valspar - see "The latest Valirx News Headlines" on the Valirx share price quotation page!!
11/9/2006
12:09
jaknife: Dusseldorf, the very fact that a number of "Brokers of Low Repute" are involved in the promotion of the company and that they've had to resort to circulating a "substantially incorrect" report on the company in order to drum up support should ring alarm bells for all sensible investors that a pump 'n' dump is in action. A share price of 1p values this "speculative pile of poo" at circa £9m, which is an absurd price if you read the details of the document: A start-up business with no track record that will need to raise substantial further funds in the near future.
11/9/2006
10:12
jaknife: Dusseldorf, Personally it looks to me like a highly speculate pile of poo. There's no details of a placing at 1p but you should note that there's going to be a share consolidation of 2 for 1 which will materially explain the difference between the "1p" and the current share price. I note that you've removed the document from the header now that was being circulated by the "Brokers of Low Repute". Do you now agree that the details contained in that document were materially incorrect? JakNife
18/4/2006
15:31
jaknife: COMPANIES UK Fined trader takes controlof Readybuy FOOD PRODUCERS. By NEIL HUME and ROBERT ORR 411 words 13 April 2006 Financial Times London Ed1 Page 22 English Christopher Potts, the former Evolution Securities trader who was fined Pounds 75,000 for his part in a short-selling controversy, made his stock market comeback yesterday when he took control of Readybuy, the Aim-listed cash shell. Mr Potts has put together a consortium of high net worth individuals who will inject slightly more than Pounds 260,000 into Readybuy, via a share placing at 0.25p a share, in return for an 84 per cent stake. Mr Potts, who will not become a director, plans to use Readybuy as an acquisition vehicle. Excitement at Mr Potts' plans saw Readybuy shares rise almost threefold to 4 1/4p yesterday, placing a value of Pounds 800,000 on the company. Other members of the consortium include Daron Lee, who founded and then sold Proquote, the online stock market information group, to London Stock Exchange three years ago for Pounds 12.6m, and Robert Quested, who is currently working with a drugs company based in Abu Dhabi. Mr Potts said he had already identified a number of potential takeover targets in the defence and bio-chemistry sectors. "We have looked at three companies and there is one we are really excited about," he said. "I am pretty confident that we can create a company with a sizeable market capitalisation within the next couple of years." Mr Potts was fined Pounds 75,000 by the Financial Services Authority in November 2004 for distorting the marketin shares of a company called Room Service, since renamed Azure Holdings. It was the first FSA fine for market distortion and, at the time, the second-highest fine levied on an individual. The FSA found that Mr Potts and Evolution had sold short - sold shares it did not own - as much as 2.5 times the issued share capital of Room Service with no visible means of delivering the stock. After the FSA ruling, Mr Potts resigned from his position as head of market making at Evolution. Readybuy was formed as a cash shell in June 2003 and admitted to Aim three months later with a market capitalisation of Pounds 8.6m when it bought into the manufacturing of chilled Chinese ready meals. But its share price fell steadily and the company exited the catering market in June last year, blaming the high level of fixed costs associated with the business.
04/12/2005
14:48
anomalous: Australian bank prepares hostile takeover of LSE Richard Wachman Sunday December 4, 2005 The Observer Macquarie, the Australian investment bank, is ready to launch a hostile bid for the London Stock Exchange before 15 December, the deadline for an offer set by the Takeover Panel three weeks ago. Last-minute preparations are being made to structure a deal that will allow the LSE's users - banks and stockbrokers - to participate in an offer by holding shares in a special investment vehicle that would make a bid on behalf of the Australians. Macquarie is being advised by Goldman Sachs. Goldmans will provide some financial backing for the bid by taking an equity stake in the bidding vehicle or by providing bridging finance. The final decision on whether to go ahead with an offer awaits the Macquarie board's approval. Chief executive Alan Moss is expected to hold a meeting of his senior directors in London toward the end of this week, which could pave the way for an announcement soon. However, analysts caution that Moss may abandon his plans if the LSE's share price rises sharply in the next few days, as he is thought to be firmly against paying above about 680p a share, which would value the LSE at more than £1.5 billion. Some of Macquarie's directors are thought to be nervous about bidding as Paris-based exchange Euronext could counter-bid, although an offer from the continental exchange would have to meet conditions laid down by the Competition Commission. However, Jean-Francois Theodore, Euronext's chairman, is facing pressure from shareholders not to overpay. Senior LSE directors led by Clara Furse and Chris Gibson-Smith are thought to be holding out for 800p. On Friday, the price closed at 600p. The LSE's users are understood to have sought assurances from Macquarie that it will not increase transaction charges if it is successful with a bid. In Britain, Macquarie owns the M6 toll road, the Isle of Wight ferry and NTL's transmission network. http://observer.guardian.co.uk/business/story/0,6903,1657004,00.html
30/5/2005
12:03
anomalous: Here are the previous articles on White Nile. Now if you read the email I sent to the LSE Complaints Commissioner, you will see that the LSE suspending White Nile is exactly the action they should have taken with Room Service. Therefore we have conclusively proved that the LSE was negligent in failing to suspend Room Service when they could have and losses suffered by investors afterwards were partially the responsibility of the Exchange for their failure to do their duty. White Nile shares suspended after Stock Exchange raises concerns By Stephen Foley The Independent 28 May 2005 The saga of White Nile, Phil Edmonds' oil exploration venture in Sudan, took another twist yesterday when the London Stock Exchange again halted trading in the company's shares, just four days after the stock returned from suspension. The regulator said it feared there could not be an orderly market in the shares, which surged 1,275 per cent in the days after floating on AIM in February, and has again proved volatile this week. The founding shareholders ­ including the former England spin bowler Edmonds, its chairman, who owns 9.7 per cent ­ have been unwilling to sell, leaving speculators chasing a small number of freely traded shares. This week, the Exchange warned against short selling White Nile shares. Short sellers sell stock they do not own in the expectation that they will be able to buy it back cheaper at a later date, but the Exchange said it did not believe there were enough White Nile shares available to be able to settle the trades. The company said yesterday it would issue new shares to ease the problem and to raise new funds for investment in Sudan. But the vague nature of White Nile's statement proved the last straw for the Stock Exchange, which suspended trading 20 minutes later, citing "concerns over the orderliness of the market". White Nile was established as a cash shell, but it is buying oil exploration rights from the state oil company of the newly autonomous south Sudan. The shares had been suspended for three months because the Stock Exchange demanded a detailed prospectus for the deal. That was finally published last week. The shortage of stock has been the main reason for the strength of White Nile shares since they returned from suspension on Monday, confounding predictions that they could halve in value. Instead, they had risen by 27 per cent by yesterday morning's peak, valuing the company at £270m, before sliding sharply after the announcement of the fund raising. White Nile's statement gave no details on the size of a proposed placing, or at what level it may be priced. It said it has almost completed arrangements and would announce details early next week. A spokeswoman said: "Although the company said that it would need to raise some money at some point, it has been decided to tie everything up at once. It needed to increase liquidity, it has been told to increase liquidity, so it will issue new shares." http://news.independent.co.uk/business/news/story.jsp?story=641993 Arch-bear shows no fear as Nile surges Mickey Clarke and Steve Hawkes, Evening Standard 27 May 2005 YOU could smell the testosterone today as share dealings in controversial oil explorer White Nile sent its price soaring 38%, or 48p, to a record 174p - way above the 138½p at which the shares returned from suspension on Monday and valuing the company at £261m. In the blue corner is former England cricketer Phil Edmonds, who founded the company, and his influential institutional shareholders RAB Capital, Artemis and US Global. In the red corner is arch-bear Simon Cawkwell, aka Evil Knievil, the man who strikes fear into companies by selling their shares short. He recently shorted 250,000 shares at prices ranging from 10p to 15p and, despite other bears now scrambling to close their bets and avert any more losses, he is showing few signs of buckling. Today it emerged he has shorted a further 100,000 shares at 115p. He said: 'I am not worried in the slightest about White Nile. I am under no pressure to close my position.' Cawkwell is scathing of those who have quit the stock after broker Evolution Securities earlier this week demanded delivery of 165,000 shares lent out to the bears. 'Some men should stay at home and do the ironing. I have got balls of iron,' he said. White Nile has struck a deal to explore for oil in South Sudan and was floated back in February at just 10p. Edmonds' business partner Andrew Groves said today: 'The shorts have to take their punishment when it comes.' http://www.thisismoney.co.uk/news/article.html?in_article_id=400912&in_page_id=2 White Nile paves the way to unlock holdings By Yvette Essen Daily Telegraph (Filed: 28/05/2005) White Nile, the oil exploration group partly owned by former England spin bowler Phil Edmonds, last night agreed to allow shareholders who are effectively locked into their investment to sell up to 35pc of their holding. The move came after shares were suspended for a second time yesterday after the stock surged 38pc in a bear squeeze. White Nile shares soared 48 to 174p at one point, as the bears of the stock rushed to cover their positions in a highly illiquid market. The scramble followed a warning from the London Stock Exchange about settlement difficulties in share trades. The bears' search for stock had been made more challenging by undertakings from 99pc of White Nile's existing shareholders to vote in favour of its controversial acquisition of a 60pc stake in a South Sudanese oil concession at an extraordinary meeting on June 16. The directors, who together hold almost 20pc of the shares, will continue to be locked into their investment until next February. The Exchange temporarily halted trading in the shares because of concerns about the "orderliness of the market". It followed an announcement by White Nile that it had almost completed arrangements for a share placing to improve liquidity and raise fresh capital. Dealings will resume next week. Since listing on the Alternative Investment Market at 10p in February, the shares have rocketed. They climbed to 138½p in the first five days of dealings, before trading was suspended, ahead of details of the planned South Sudan deal. When dealings were resumed on Monday the shares, which had been expected to plummet after rival claims to rights in South Sudan, dipped just 12 to 126p, supported by bear covering. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/05/28/cnnile28.xml&menuId=242&sSheet=/money/2005/05/28/ixcity.html Oil explorer stuck as shares suspended for second time The Scotsman 28 May 2005 THE rollercoaster debut on the stock market of oil explorer White Nile continued yesterday when its shares were suspended on AIM for a second time. It came four days after trading in White Nile recommenced for the first time since February when its shares shot up 13-fold in less than a week. http://thescotsman.scotsman.com/business.cfm?id=583212005 White Nile halted by LSE after shares soar by up to 38% By Peter Klinger The Times May 28, 2005 THE London Stock Exchange suspended trading in White Nile after shares in Phil Edmonds's speculative oil vehicle soared by up to 38 per cent. The intervention adds to the farce surrounding White Nile, which listed on AIM in February but due to lengthy suspensions has traded for only two weeks. Those two weeks, however, have been sufficient for White Nile's tightly held shares to soar from their 10p float price to as high as 176p yesterday. The shares were trading at 141p, up 15p, when AIM's regulators suspended trading. The suspension was triggered by the regulators's concerns at a lack of "orderliness" in White Nile share trading. Its shareholder base is close-knit and those investors who had shorted the stock, on expectations that a much-hyped oil deal in southern Sudan would collapse, have this week scrambled to cover their positions. Complicating matters is that 99 per cent of White Nile's shareholders have irrevocably backed the oil deal, under which southern Sudan's rebel government will take a 50 per cent stake in the company. The support effectively leaves only an estimated one million White Nile shares as free float, compared with about 3.5 million shares worth of short positions. Neither White Nile nor Numerica, its financial adviser, would comment on the suspension. Mr Edmonds is understood to be abroad. However, a market maker in White Nile criticised AIM's intervention. An AIM spokesman said: "The exchange suspended the shares of White Nile because of concern over the orderliness of the market." White Nile became the latest in a stable of stocks promoted by Mr Edmonds, the former England cricketer. Like several of his other ventures, White Nile's shares were tightly held when the company floated. However, excitement about the potential of a deal in Sudan propelled White Nile's share price, fuelled further by the free-stock shortage. Mr Edmonds was forced to call for a suspension of trading only a week after White Nile listed while he finalised the Sudanese deal. The shares returned to trading on Monday, after a three-month suspension, and defied pessimists by retaining much of their pre-suspension value. Under the Sudan deal White Nile will receive a 60 per cent stake in the Block Ba oilfield, which experts could contain up to five billion barrels of oil. http://www.timesonline.co.uk/newspaper/0,,2718-1631280,00.html
27/5/2005
10:11
anomalous: Evolution shakes up top roles By James Moore Daily Telegraph (Filed: 27/05/2005) Richard Griffiths is to relinquish his role as executive chairman of embattled stockbroker Evolution. Mr Griffiths, the former Welsh rugby international, built the company from an Aim-listed minnow into a member of the FTSE 250 index of mid-sized stocks. However, his position as executive chairman violates what is seen as best practice for stock exchange listed companies and he will relinquish the position while remaining an executive director with the title of president. It means he will now report to chief executive Alex Snow. Martin Gray, a former director of NatWest bank, has been appointed as non -executive chairman as part of the shake-up that was set in motion by Lord MacLaurin of Knebworth, the senior non-executive director. In recent weeks the company's share price has fallen sharply on the back of a plunge in Regal Petroleum shares, following the oil explorer's announcement that a key well in Greece was not commercially viable. Evolution helped the company gather £45m in a fund-raising at 390p a share in April. Mr Griffiths said yesterday: "We regret the adverse share price movement of Regal. We are currently working closely with Regal to take the actions necessary to restore shareholder value." http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/05/27/cnevo27.xml&menuId=242&sSheet=/money/2005/05/27/ixcity.html
27/5/2005
10:07
anomalous: Evolution replaces Griffiths in board shake-up Simon Bowers Friday May 27, 2005 The Guardian Richard Griffiths, the founder of stockbroker Evolution Group, has abandoned his role as executive chairman to focus his energies on winning clients for the firm. He is replaced by former NatWest director Martin Gray, who becomes non-executive chairman. A spokesman for the stockbroker said Mr Griffiths' commercial role would remain unchanged, though he would in future report to the group's existing chief executive Alex Snow, who technically becomes Evolution's most senior executive. Mr Griffiths, who will be taking the title of president, remains the largest shareholder in Evolution outside institutional holdings. Evolution, whose market value has risen tenfold since it was founded four years ago, has been associated with a handful of controversial deals in the last 18 months. After a rapid rise up the FTSE rankings, the group's reputation was damaged last year by a fine from the Financial Services Authority over share dealing in a firm formerly known as Room Service. New Star fund manager Patrick Evershed later said he had lost confidence in Evolution's record on flotations. Among Evolution's small company share issues to have proved disappointing are those of online bookmaker BetonSports and Regal Petroleum. Regal lost 60% of its market value last week after announcing disappointing results from a well drilled in the Aegean Sea. Evolution had acted as broker to Regal in a placing last month that raised £45m. Mr Gray said he hoped the "normalised board structure" would make Evolution more attractive to investors, clients and regulators. "Richard is keen that he can do what he is good at, which is focusing on clients ... His desire is not to be weighed down with all the issues of regulation and the rest of it." Mr Griffiths said it was a case of "Evolution evolving ... And I instigated this. Martin, with his vast experience, can develop the company from a structural and regulatory perspective." The group is thought to be furious at media focus on selected issues. It wants to be judged on its overall performance. The company believes it has become besieged with criticisms after mischievous investors have taken short positions on its shares. Mr Griffiths said: "Naturally we regret the adverse share price movement of Regal. We can confirm that Evolution, along with its lawyers, followed all regulatory and statutory procedures to ensure the placing with shareholders, was carried out in full compliance with Aim rules." http://www.guardian.co.uk/business/story/0,3604,1493422,00.html
27/2/2005
20:55
soysoy: THIS WAS POSTED ON BPRG SIGHT BIOPROGES I could not tell it trure or not but thought it maybe of interest INSIGHT This share suffers as many others in the English AIM market by the presence of what seems a very well organised group of derampers whose financing and intentions are the object of several conspiracy theories, which in many cases lead to CAH. Mainly that the later company is looking to bid for BPRG especially after the defeat it suffered through its tin puppet SEO in the English Patent Courts. The latest trading update was used by shorters and BB professional derampers to claim that the company´s CEO is not to be trusted. In the third quarter of 2004 Collins Stewart -broker- issued a buy note forecasting profits of one million English pounds in 2004 and close to six million English pounds in 2006. The share price responded quite well provoking a short squeeze, taking it to a high of 135p. This was nearly eleven months into the financial year and approaching the closed period for the company. Unfortunately the 20-year rarity of several hurricanes did hit Florida during the summer in 2004. Another scare mongering from shorters and BB professional derampers consisted in crying foul when BPRG´s CEO sold part of his holding to buy his daughter a house, and a rumour started by this malicious mob -currently under investigation- that the CEO had resigned. This mob evidently and for obvious reasons omitted to mention that the CEO exercised 100k options immediately after his sell and that he has several million of options upon the meeting of several juicy and not remote targets. The share price pressure by another short raid forced the company to obtain authorisation from some of its partners and clients to disclose some information, although modestly. The highlight of the trading update is that WYETH has finished the due diligence procedure successfully and is negotiating a global exclusive licences with BPRG which produced another short squeeze. Unfortunately for the company the mob continued using their scare mongering tactics helped by particularly rare Market Marker performance mainly from Winter floods. However the mob maliciously avoided to mention that the loss was due to climate conditions not seen in Florida for the last 20 years and most importantly that the main reason for the loss of revenue was due to the fact that bprg has decided to cancel the production of tobacco related products that the company that they acquired in Florida used to produce, because tobacco products and big pharma simply do not go together. Critics have also failed to mention that to compensate the loss of revenue from tobacco related products, BPRG is developing a nicotine strip with a blue chip US pharma and Micap another AIM LSE company. The mob maliciously omits to mention that 2005 will not only see revenue coming from the Tampa Bay Plant, but also, from their ostomy pouch -the only flushable in the world- NROBE, Maxfresh, Sunkist, cold strip, nicotine strip, Tabwrap, SEPTUM, among many others. Another scare mongering tactic claims that Collins Stewart have now withdrawn their note -which is true partially- and are not issuing an update, which is incorrect as it is our understanding that the broker is updating its buy note to take into account the hurricane issues and the new contracts announced since then so that the estimates are able to accommodate for a possible 10 million pounds profit in 2005 alone. There are other scare mongering tactics by critics an interesting one that has resulted in the appointment of not only one but two new board members, is that which claims that the CEO is financially incompetent or else. This has led bprg to appoint new members with an excellent city reputation for their finance experience and abilities and another who is a qualified solicitor.
29/8/2004
18:27
anomalous: Here's the article by WDurham on Stockgate: Stockgate" and Naked Shorting – Is it Happening Here? by Wendy Durham 1st June 2004 -------------------------------------------------------------------------------- Tuesday 1st June 2004 Naked shorting is the sale of fictitious shares – i.e. the seller either is NOT required to make an undertaking that he can or will deliver the stock he has sold, or simply fails to deliver. This practice – thought by many to be immoral - is quite capable of bringing a blameless small company to its knees through no fault of its own, although it is fair to say that some weak organisations do cite it as an excuse for their own poor share price performance. On 1st April 2004, new regulations in the US made the practice of naked shorting just about impossible, by requiring that sellers of any stock must be able to deliver the sold shares within 2 days of settlement. Between January and April, hundreds of US companies found themselves listed in Berlin, on the Berlin Stock Exchange, without their knowledge or consent. Why might this be? An overview of what is being called "Stockgate" appears here: http://www.friedlandfinancingnews.com/052204%20Friedland%20Corporate%20Finance%20News.htm The Financial Times had this to say: http://www.rgm.com/articles/ft7.html Another of the many commentaries from the US is here: http://tfc-charts2.w2d.com/forum/index.cgi?noframes%3bread=294241 All of these cite the "arbitrage exception" to the naked shorting rules as being a loophole which can be used now that these companies are listed on a foreign exchange. The wording of this exception – Rule 10a-1 (e)(8) is as follows: (NB – "paragraphs (a) and (b) of this section" refers to the short selling rules) (e) The provisions of paragraphs (a) and (b) of this section (and of any exchange rule adopted in accordance with paragraph (a) of this section) shall not apply to: (8) Any sale of a security registered on, or admitted to unlisted trading privileges on, a national securities exchange effected for a special international arbitrage account for the bona fide purpose of profiting from a current difference between the price of such security on a securities market not within or subject to the jurisdiction of the United States and on a securities market subject to the jurisdiction of the United States; provided the seller at the time of such sale knows or, by virtue of information currently received, has reasonable grounds to believe that an offer enabling him to cover such sale is then available to him in such foreign securities market and intends to accept such offer immediately; Nowhere is the actual use of this loophole spelled out – but the implication appears to be that the stock is SOLD in the domestic market, in anticipation of immediately BUYING at a lower price in the overseas market to cover the sale and make a profit from the difference in price. However, for this to be a "loophole", there must be an advantage to the US seller – thus one can speculate that if the seller then fails to purchase in the foreign market, the wording of "reasonable grounds to believe" appears to permit any number of excuses for such failure to cover the short. In the meantime, the now-naked short remains open....or is eventually settled via the stock borrow program of the US Depositary Trust and Clearing Corporation (DTC). So what has this to do with UK listed companies? Go first to http://www.berlinerboerse.de/?LANG=en Choose About Us Choose New Companies Choose Listings Then browse through the pages to understand the sheer scope and scale of what was done in just a few weeks during March and April 2004. Allegedly, the bulk listings began earlier than this, but I cannot find evidence of dates on the BSE's website prior to 1st March. 145 UK listed companies – largely small caps and speculative stocks – have been listed on the Berlin Exchange since 1st March. At the same time, hundreds more companies from all over the world, but mainly from the US and Canada, were also listed, largely by the same brokers - 1170 and 1172. It is notable that the majority of companies listed are small cap and/or speculative stocks, particularly the huge number of mining and exploration vehicles. A Google search turns up very many US companies complaining bitterly that within only weeks of the effective outlawing of naked shorting in the US on 1st April, they have discovered that they are now exposed WITHOUT THEIR KNOWLEDGE OR CONSENT to the same activity via – apparently - the arbitrage loophole. The Berlin Stock Exchange deny that the exchange is being used for naked shorting, but it is a remarkable coincidence that highly speculative US short targets, many of them already in severe trouble, suddenly end up - in their hundreds - listed on a foreign exchange within a very "short" period indeed of the ending of the practice in the US. It is a fact that one of the complainants, Goldspring, which now appears to have been removed from trading, had been listed in Berlin in late November 2003. Its price experienced a fairly volatile rollercoaster ride, from 0.45 Euros in November to approximately 0.8 Euros by mid-Feb. On 1st April the price in Berlin was 0.7 Euros, but immediately began to fall sharply, and by early May, when Goldspring requested the removal of their listing, the price was down to 0.4 Euros. Interestingly, no volume AT ALL was recorded for the stock during the entire period of its listing – a common feature of the recently listed US and UK stocks. There is virtually NO trading going on in Berlin in the shares of these companies. Which once again raises the question: why were they listed? Are UK companies also being targeted via a similar route? Of small cap UK companies that have suffered recently, Bioprogress and Proteome Sciences spring to mind. Both have halved from recent highs, partly due, it has been thought, to organised shorting by hedge funds intent on destabilising a substantial margin trade position to bring the stocks ever lower Proteome Sciences (PRM.BE) has been listed on the Berlin Stock Exchange since Autumn 2000. Bioprogress – as discovered by a sharpeyed ADFVN bulletin board poster known as "Scram" - was listed on 21 April 2004 (BPRG.BE). Both companies are known in the US through an earlier listing on the OTCBB in the case of BPRG, and commercial relationships in the case of PRM. On 1st April – the day from which the focus of US naked shorters was switched to stocks listed in Berlin - Proteome was standing at £1.90 per share, having reached £2.30 on an earlier high, and had been trading steadily for the previous month in the £2.10 - £1.90 range. Bioprogress had come off an earlier unsustainable high at £1.60 to a 6-week trading range of £1.00 - £1.20. On 1st April, Proteome Sciences' share price began to fall sharply and by 28th April had reached 90p. On 29th April, just 8 days after listing in Berlin, Bioprogress began a rapid descent to 75p by 14th May . Neither have recovered more than a fraction of their earlier highs. Coincidence? Perhaps – but perhaps not. Many companies have had a hard time of it during April and May, which has been put down to poor market conditions, macroeconomic effects throughout the world, and general underperformance. In the particular cases of Bioprogress and Proteome, traders were becoming increasingly nervous as expected commercial deals failed to materialise. However, six other UK companies were listed in Berlin on the same day as Bioprogress – 21st April. Their short term charts make interesting reading: Regal Petroleum – share price declined from 10 May Pipex Comms – share price began a decline at the end of March, which has steepened since 29 April. RAB Capital – share price commenced a decline on 20 April, corrected a little on 26 April, but resumed an overall downtrend on 28th African Gold – share price decline commenced 22 April, flattened off from 26 April – 6 May, and then resumed the downtrend. Oystertec – follows a similar pattern to Pipex, though the price has since recovered ASK Central – the company was under offer, which became conditional in early May – hence there was no share price effect. Several more UK companies were listed on 28 April. Of these: Supercart's price – already in decline from 54p to 36p – fell to 23p between 29 April and 20 May. Visonic, after two weeks of trading sideways, commenced falling sharply on 30 April Omega Int began to fall from £1.23 on 4 May to £1.04 by 20 May The charts of two more companies listed on that day, Dignity and Polaron, show them to have been good short candidates. Dignity had experienced a sharp rise – and Polaron appeared to be rapidly declining. However, neither appeared to have suffered ill-effects after their Berlin listing. Another group of UK companies were listed in Berlin on 1 March 2004. A review of their charts is even more interesting! The companies involved are Golden Prospect, Gold Mines of Sardinia, Glencar Mining, Eurasia Mining, Avocet Mining, Randgold, African Eagle, Oxus Gold, Griffin Mining and Tertiary Minerals. It is worth noting that most of the UK companies listed since 1 March are highly speculative, many illiquid, and several were already excellent short candidates. In fact, one has to wonder why this relative handful of 145 companies have been added at all, if it were not for the fact that most of them, at some point, will be or have been first rate shorts. All the above looks at only a few of the UK companies listed in Berlin during the last 3 months, and any evidence that they are being targeted by naked shorters is purely circumstantial. However, the charts and the general absence of any trading in these stocks on the Berlin Exchange do appear to be telling a story. It is clear that there are many more UK companies enjoying a Berlin listing, in addition to the 145 that have been listed since 1st March this year. A random input of various UK tickers, particularly those of speculative stocks, into the Berlin Exchange's search facility turns up a result in many cases. Some will no doubt have chosen to be listed there – others may as yet be unaware. How many more of these older listings are now increasingly vulnerable to a shorting community focused on the Berlin exchange? Proteome Sciences might be a salutary example. Finally - could it be that the "generally poor market conditions" which have been given as a reason for sliding prices in many UK listed smallcap and speculative stocks have been a symptom rather than a cause? Wendy Durham 1st June 2004 This article is the copyright of Fillyaboots.com and may NOT be reproduced or copied elsewhere without our written permission. You are however, welcome to quote extracts provided it is properly attributed and refer to it wherever you wish using the following link http://www.fillyaboots.com/?mount=Frames/whatwe.html
Azure share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20160930 03:15:58