Mood Media Share Discussion Threads

[grahamite2] 08/9/2008 21:36

foxtail's post surely was entirely relevant. There is nothing much wrong with the MM system - it is not the thing causing AIM's problems, other things are.

[malkie] 08/9/2008 21:13

someone really wrote this - amazing!!



Genuine investor interest

AIM, and the companies on it, benefit from a high public profile and strong interest among a growing and increasingly sophisticated investor base. Investors ranging from private individuals to global institutions regard AIM as an excellent place to find investment opportunities in young, fresh, entrepreneurial and growth-orientated businesses from all over the world - in short, the 'companies of the future'.

[malkie] 08/9/2008 21:07

fox tail - like many here today you have just dived in and responded to what you "think" this thread is about.

I suggest you read the header and the two articles posted there before you go off on the same tangent as a few have done today.

Rather ironic considering your suggestion that investors need to do their research properly!!


no offence intended - thanks for the contribution anyway!

[malkie] 08/9/2008 21:01

i think there is a lot of delusion around regarding the status of AIM.
this is an example of what the head up their *rse brigade are putting out in the public domain...




The Aim Market
AIM is the international market for growing companies trading on the London Stock Exchange.
Businesses you will find range from new venture capital-backed companies to well-established, mature organisations looking to expand into a wider market.

Created in 1995 by the London Stock Exchange principally to offer a diverse range of smaller companies the opportunity to sensibly raise capital in a regulated market, hence AIM has developed into a highly flexible public market easily accessible to both investor and company. Subsequently over £30bn has now been raised through AIM via IPOs and capital raising and many companies listed on AIM have made the transition to the Main Market.

Who is on the market?
AIM companies come from 37 sectors, 90 sub-sectors and 26 countries. It has over 250 companies from outside the United Kingdom, with many more joining every year, which speaks volumes for the viability of the AIM market as a place for younger international companies wishing to fund expansion and raise their global profile.

Genuine investor interest
AIM, and the companies on it, benefit from a high public profile and strong interest among a growing and increasingly sophisticated investor base. Investors ranging from private individuals to global institutions regard AIM as an excellent place to find investment opportunities in young, fresh, entrepreneurial and growth-orientated businesses from all over the world - in short, the 'companies of the future'.

Regulation
AIM is an Exchange Regulated Market and enjoys a reputation for effective regulation: it offers a secure yet flexible trading environment for both companies and investors.

Trading & Investing
Investors who buy shares in companies quoted on AIM are participating in the world's leading stock market for smaller growing companies. AIM companies come from 26 countries and range across 37 market sectors and 90 sub-sectors, providing all types of investors with a vast range of choice in seeking out businesses to fit theirinvestment profile.

State of the art technology
AIM is wholly-owned and run by the London Stock Exchange whoses trading platforms are the most sophisticated in the world.

Indices
AIM has three investment indices - the FTSE AIM UK50, FTSE AIM100 and the FTSE AIM All-Share Supersector Indices.

Taxation
AIM enjoys a more favourable tax status than other markets which in turn encourages investment by private individuals. More details can be found on our investors Tax page.

Security and safety

Every AIM company is supported, advised and monitored by its own Nominated Adviser (Nomad). Firms that wish to act as Nomads must undergo stringent checks before they can be authorised to become a London Stock Exchange-approved Nomad for AIM. These checks ensure the suitability both of Nomads and of the companies they assist to operate as part of AIM, bringing investors increased certainty and security.

AIM gives private and institutional investors alike the reassurance of a secure market that enables them both to support the companies on the market and those investing in them.



hows that for bare faced nerve!!!

[grahamite2] 08/9/2008 20:47

Generally agree corrientes, although with enough work I think one could identify perhaps half a dozen long term holds on AIM - solid balance sheets, real profits, genuine dividends year after year.

[corrientes] 08/9/2008 20:26

The success rate doesn't change whether its rampant bull or bear. Its still just a casino, with the odds hugely stacked against the punter unless he's nimble. The winning is getting out quick with a profit, not actually finding anything or making a profit. That's just an afterthought 90% of the time.

[malkie] 08/9/2008 19:16

poor andglen!

interesting reading....and very timely!

September 08, 2008

A Toothless Market That Offers No Liquidity And Locks Its Directors Out - Just What Exactly Is The Point Of An Aim Listing?

[andglen] 08/9/2008 18:28

I think todays events showed the whole market to be what it really is...a corrupt place where only a few and mainly the City make money...the rest of us can go swivel as far as they are concerned. Directors of Fannie and Freddie get millions in payouts...the 2nd largest exchange in the world goes on the blink..TODAY???? and meanwhile spreads of over 10% showing on stocks I would otherwise buy.

Even after a couple of years and a little success I still find sooo much I need to learn...my strategy was just 10% return, 45 times, from an initial 20k to make my million...wake up andglen and welcome to the financial markets. lol

can anyone lend me a tenner

[aughton 3] 08/9/2008 16:39

DPH Dechra pharma, when all market makers were open this morning this was trading around 440, guess what only 2 mms open after the days problems what happens price drops 10% from morning trades

[malkie] 08/9/2008 15:23

we need more people to complete the poll!!

[madjock2] 08/9/2008 13:21

Some time ago when IEC was a member of aim and not the full market the board reported "curious activity" in the trading of it's shares to the FSA. needless to say the outcome was that nothing untoward had been seen to happen.

Basically even if the company itself complains the matter is usually swept under the carpet.

[malkie] 08/9/2008 13:12

aughton - can you quote some examples??

not sure how practical that is - can you find out what is a buy and what it a sell since ASAIK the data providers use their own system to report, not market makers.

are late trades subject to market rules size??

The idea of being Company specific is that we can call on the support of the Company concerned.

We have had some informal conversations with a few companies and we could find some support there...

[suits you] 08/9/2008 13:07

Things might change a little, last paras




AIM trading suspended as LSE crashes
By Leonora Walters

Technical problems at London Stock Exchange (LSE) has caused trading on this market to be suspended from 9.15am, with AIM shares the worst affected as these cannot currently be traded on other exchanges.


LSE hoped to reconnect the service by 10.45am, though at 12.30 said it was still establishing connectivity. It has not specified the nature of the problems or issued an RNS release on the problems.

While investors can turn to alternative platforms such as Turquoise to trade main market shares, AIM investors have no alternative as currently LSE has a monopoly on the trading of these shares. Out of the roughly 1,700 shares listed on AIM only 90 can be traded on the alternative PLUS markets.

However, foreign exchanges can trade AIM stocks and ones currently doing this include Berlin and Sydney. PLUS Markets, meanwhile, is in the process of making an agreement with the operator of the Munich Stock Exchange, Bayerische Börse, to trade AIM stocks and hopes this will be in place by the beginning of 2009.

The sgreement includes indicative terms for the creation of a pan-European market segment offering quote driven trading services in the shares of smaller companies. It will be called PLUS-Europe.

The companies will develop integrated pan-European market services try and enhance the profile of small and mid-cap companies, create liquidity across leading financial centres and facilitate access to a broader pool of equity capital than is provided by existing markets for non listed securities.

PLUS said the new trading services would help European small and mid-cap companies to raise funds. PLUS-Europe will be positioned under the regulatory permissions of Bayerische Börse as a market operator under the Markets in Financial Instruments Directive (MiFID).

LSE's near monopoly on AIM trading was not changed by MiFID but a PLUS spokesperson said the HM Treasury wishes to change this. The FSE has nominally approved the extension of the trading of AIM shares.

However the spokesperson added that it is taking a long time.

[aughton 3] 08/9/2008 12:43

I believe you would be better giving examples of when the market makers breaks regulations and rules, ie (booking trades late when not of a size to do so, booking buys as sales vice versa, not dealing ie dealer in front and no trade appears etc)

[malkie] 08/9/2008 12:35

kentpaul - the criteria is those being punished by aim. You could argue that a 25% spread is killing AAU.

Not so sure about GCM....a fair few punters around and DMA...

[kent_paul] 08/9/2008 12:24

well we can start with AAU and GCM. Type GCM into the EPIC to see 'a new dawn' thread summarising the situation.

[tara7] 08/9/2008 12:18

Ring the lse up they will tell you, not today, most will have lost the job they had, with the market out of action for 3 hours.!!!!!!!!!

[malkie] 08/9/2008 12:15

tara - thats not really the verification i was after...something a bit more than a "say so?"....

[madjock2] 08/9/2008 12:15

did you know when a company floats on AIM the MM's are given stock from the listing for well under the float price to assist them to create a market.sort of bribery if you ask me.