Good morning!

There is plenty of juicy news for us to digest today.



Crusader Resources (LON:CAS) - this little gold exploration company is seeking to cancel its AIM admission. It was listed only in April 2018, and was suspended as soon as October.

Is this a record in terms of speed to failure? It's a shame that this kind of junk is still floating around.



Spaceandpeople (LON:SAL)

  • Share price: 16p (unch.)
  • No. of shares: 19.5 million
  • Market cap: £3 million

Significant Property Opportunity

Spaceandpeople had a trading update only yesterday, but is back again with another update. It has commenced a tie-up with Hammerson (LON:HMSO) to provide retail experiences and (on an exclusive basis) its "Mobile Promotions Kiosks" at Hammerson properties.

No numbers are given - all we know is that it's a multi-year contract. The company has made plenty of announcements like this before. While it's hardly bad news, my assumption is that this announcement does not mean a dramatic change in the company's fortunes.




Aukett Swanke (LON:AUK)

  • Share price: 0.95p (-27%)
  • No. of shares: 165 million
  • Market cap: £1.5million

Final Results

Another stock that is deep in "why are you even listed?" territory.

You might equally be asking "why are you even writing about it?"

This is a stock where I lost a significant amount of money, having been attracted by a superficially cheap valuation several years ago. I learned several lessons from it, so I'm intrigued to see the eventual fate of the company.

It turns out that FY 2018 results from this architectural group are a disaster and yet they could have been even worse, if the company's management of its costs and its cash balance had not saved it.

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