LCG Shares Trading Live on NEX Growth Market - LSE Delisting in the Cards?
- LCG's admission to NEX Growth Markets could signal that delisting from LSE is forthcoming.
On the heels of a tough couple of fiscal years, London Capital Group (LCG) (LON:LCG) found itself trading on NEX Growth Market Wednesday. The move signals possible delisting from the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (LSE) onto NEX, following two years of diminishing share prices.
NEX Growth Market is a platform for earlier stage entrepreneurial companies. While the admission process is both simple and transparent, the move is atypical for companies that are already listed, such as LCG. As such, the move could point towards LCG’s eventual delisting on LSE.
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The group’s share prices have refused to author any type of resurgence despite improving revenues over the 2016 fiscal year. The past few years have seen LCG also undertake rebranding efforts in a bid to reverse its fortunes. Unfortunately, these efforts along with an uptick in client acquisition and other internal investments have done little to kick-start its share prices.
As of 8:00 BST Wednesday, LCG has gone live on NEX’s Growth Market, with trading of its entire issued share capital consisting of 380,531,519 fully paid ordinary shares at a rate of 5 pence. In addition, the group’s ordinary shares will remain admitted to trading on AIM following today’s admission onto NEX.
At the time of writing, Finance Magnates will continue to update this story as it develops.
On the heels of a tough couple of fiscal years, London Capital Group (LCG) (LON:LCG) found itself trading on NEX Growth Market Wednesday. The move signals possible delisting from the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (LSE) onto NEX, following two years of diminishing share prices.
NEX Growth Market is a platform for earlier stage entrepreneurial companies. While the admission process is both simple and transparent, the move is atypical for companies that are already listed, such as LCG. As such, the move could point towards LCG’s eventual delisting on LSE.
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The group’s share prices have refused to author any type of resurgence despite improving revenues over the 2016 fiscal year. The past few years have seen LCG also undertake rebranding efforts in a bid to reverse its fortunes. Unfortunately, these efforts along with an uptick in client acquisition and other internal investments have done little to kick-start its share prices.
As of 8:00 BST Wednesday, LCG has gone live on NEX’s Growth Market, with trading of its entire issued share capital consisting of 380,531,519 fully paid ordinary shares at a rate of 5 pence. In addition, the group’s ordinary shares will remain admitted to trading on AIM following today’s admission onto NEX.
At the time of writing, Finance Magnates will continue to update this story as it develops.