RE: Toffee17 Jul 2024 07:59
Mike, it is uninvestable, always has been, it's just a traders paradise and totally unregulated.
There's plenty of articles out there, such as;
"The Alternative Investment Market (AIM) 2023 – Worst Performance for Two Decades
Ryan D. Long
Sharing Junior Mining Insights
Published Jan 11, 2024
"2023 has been another year to forget for London’s Alternative Investment Market, or AIM, market. We highlighted in August that we expected this year to be one of the worst in the history of the market and on this at least, AIM did not disappoint.
New Issues have collapsed
During last year the AIM market had a paltry 13 new listings, just over one every month. That is the lowest number of initial public offerings or IPOs, in the markets c. 30-year history (Figure 1). This is 32% lower than last year, which was previously the worst year on record, and 97% lower than 2005, when IPOs on AIM were at their peak.
Source: AIM Market Data, compiled by MMRC
The collapse in IPOs is a disaster for the junior market, which is described by the London Stock Exchange Group as “…the world’s most successful and established market for dynamic high-growth companies...”.
Number of Listed Businesses at 20-year Low
The lack of new listings and a slew of de-listings and cancellations means that the number of companies listed on the AIM market is now at a 20-year low, with just 753 businesses currently registered on the market.
That is 8% lower than last year’s figures and 56% lower than the 2007 peak for listed companies when there were 1,694 businesses listed on the exchange
Source: AIM Market Data, compiled by MMRC
The Total Market Value Returns to 2013 Levels
The total market value of AIM has fared better but it is still far from pretty for investors, with AIM worth 15% less than last year, and 47% lower than in 2021 (Figure 2). The value of the AIM market has now returned to its 2016 level, in a clear and serious loss of value for Investors.
Not a Sudden Collapse More a Gradual Decline
This collapse of AIM has not been a sudden event though, the number of IPOs has been in decline for 20 years, but despite the decline, the number of IPOs remained relatively stable but gradually declined for 10 years between 2008 and 2018"
you can read the full article on LinkedIn and there are many more all sounding the same concerns