EXPERT COMMENT ON SMALLER COMPANIES AND AIM SHARES FOR INHERITANCE TAX PLANNING
Scanning for Winners
By Michael Crockett
“Sell in May and go away; don’t come back till St Leger Day” ...or so goes the old investing adage. Thus, with the St Leger having been run last Saturday (14th September) it is perhaps a good time to cast the net out amongst AIMs penny shares for some potential 10 bagger shares.
In this article we review a small security company which came to AIM 12 years ago but whose shares have performed badly since listing. In those 12 years the company only made a profit in one year and only a tiny profit then. Investors who bought shares when the company first listed will be nursing a loss of 97% to date.
With this track record it goes without saying that this is a risky share to consider but things are changing, new leadership is in place and it MIGHT just be that prospects are improving. From a very low base this tiny company could have ten-bagger potential as long as plans for recovery bear fruit.
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