RE: answers to Investor Questions1 Apr 2020 14:30
"Over the past 20 years, investors would have lost money in 72 per cent of all the companies ever to have listed on Aim, according to the professors, who were part of the team who designed the FTSE 100 index.
Analysing data on the 2,877 companies which have listed on Aim, they calculate that in more than 30 per cent of cases, shareholders lost at least 95 per cent of their investment.
By contrast, there are 39 companies — just 1.4 per cent of the historic total — that have given investors multiyear returns in excess of 1,000 per cent.
“While these have been superb performers, there have simply not been enough of them for Aim as a whole to generate a decent return for investors,” says Prof Dimson.
“Everyone says Aim is a stockpicker’s market, but what they mean is that there are extremes of performance — both on the downside and the upside,” adds Prof Marsh. “With more losers than winners, the people least equipped to sort the wheat from the chaff are private investors, and the people best equipped are the professional fund managers.”"
Quotes taken from the FT*
Angus is "sadly" no different to many AIM listed companies... (ie: lifestyle companies designed to generate money for founders and their chums) but it certainly supports the assessment of AIM by the Financial Times.