RE: Why is this still an AIM?9 Aug 2019 11:58
Quote Interim Repot "Why doesn’t Burford move to the LSE Main Market?"
We regularly hear three false premises when discussing AIM versus the Main Market: (i) that there are substantial pools of capital that would and could invest in Burford were it to be listed on the LSE’s Main Market but that are unable or unwilling to become shareholders while we are listed on AIM; (ii) that a move to the Main Market would give rise to enhanced liquidity or other trading benefits; and (iii) that AIM is a market for small companies and imposes less rigorous standards such that investors’ capital is more at risk.
In fact, we hardly ever encounter potential investors who either balk at or have any structural restriction on buying larger AIM stocks like Burford; indeed, companies with market caps above £500 million make up around half of AIM’s total value. We have been successful in broadening our shareholder registry over time to include some of the world’s largest and most sophisticated investors who are unperturbed by our choice of market. Moreover, for those few who do attach some “seal of approval” to a Main Market listing, all of our public debt already trades on the Main Market.
____________________________________________________________________________________
Perhaps Burford and more importantly the FCA will look at companies like MM and change the way the market do things in the very near future.
For those who have lost a lot of retirement money: write a letter to your MP to get things changed.