Some of you who read this are no doubt investors in stocks and shares. I read with interest yesterday about the latest wheeze by the LSE to boost their flagging AIM market.
AIM was a great success story for many years and one of the key drivers that brought global finance to the UK and away from New York. With AIM the LSE was for a couple of years able to beat both NASDAQ and NYSE put together in terms of listings.
However, AIM is split into overseas mega-co's from China who are raising money in the West for the first time and then the UK very small co's who list to try and gain some backing.
As a result of the 1600 AIM companies, over 1000 have virtually no trading. So the LSE is to make analyst reporting on them available on the cheap. The last wheeze was to make them all have a website.
However, company sponsored analyst reports are not exactly a good way of understanding a company from an investor's point of view; they are inherently rose-tinted. As much as I applaud the LSE for trying to support their own business, they are really just encouraging gambling at the casino. No one knows whether many of these companies will make it and so investing is often a pure punt, no different to going into William Hill's.
Structurally though, I think this shows the limits of the LSE model for AIM. Small co's list and do well or blow up, this is not very confidence inspiring. This model worked well for times of global growth, perhaps the future will require a different model for giving access to capital (and sadly this may well involve Sovereign Wealth Funds rather than our City institutions)
As ever, Caveat emptor.
4 comments:
情色電影, aio交友愛情館, 言情小說, 愛情小說, 色情A片, 情色論壇, 色情影片, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊美女, 視訊交友, ut聊天室, 視訊聊天, 免費視訊聊天室, a片下載, av片, A漫, av dvd, av成人網, 聊天室, 成人論壇, 本土自拍, 自拍, A片, 愛情公寓, 情色, 舊情人, 情色貼圖, 情色文學, 情色交友, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 色情遊戲, 情色視訊, 情色電影, aio交友愛情館, 色情a片, 一夜情, 辣妹視訊, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊, 視訊美女, 美女視訊, 視訊交友, 視訊聊天, 免費視訊聊天室, 情人視訊網, 影音視訊聊天室, 視訊交友90739, 成人影片, 成人交友,
免費A片, 本土自拍, AV女優, 美女視訊, 情色交友, 免費AV, 色情網站, 辣妹視訊, 美女交友, 色情影片, 成人影片, 成人網站, A片,H漫, 18成人, 成人圖片, 成人漫畫, 情色網, 日本A片, 免費A片下載, 性愛, 成人交友, 嘟嘟成人網, 成人電影, 成人, 成人貼圖, 成人小說, 成人文章, 成人圖片區, 免費成人影片, 成人遊戲, 微風成人, 愛情公寓, 情色, 情色貼圖, 情色文學, 做愛, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 寄情築園小遊戲, 色情遊戲, 情色視訊,
The online black jack experts casino was clean. There was a large security presence. The casino was incredibly crowded. We found the last open space on the upper (uncovered deck) level. It was a challenge even walking around the floor. There were so many people….
This written piece gives fastidious understanding yet.ideal casino
The sic Bo online is great. The poker room has a great feel to it and they offer a variety of games. The space inside is huge and has two levels. Both the upper and lower levels have both slots and table games. The casino is very clean and smoke free overall great experience!!!!!!
Post a Comment