If you’d invested in: 32Red and Mayfair Group
The last six years have seen shares in online casino 32Red climb more than 800% and double in the past year.
32Red (Aim: TTR) is an online casino, poker and bingo company registered in Gibraltar. It listed on Aim in 2005, and in the year immediately after listing the share price slumped, wiping 70% off the value of the company.
However, the last six years have seen the shares climb more than 800% and double in the past year. In July 2015, it acquired the Roxy Palace online casino for £8.4m. A trading update in January 2016 showed net gaming receipts up by 51% in the previous year.
Be glad you didn't buy...
Mayair Group (Aim: MAYA) is a Malaysia-based company that manufactures and installs industrial, commercial and residential air purifiers, operating mainly in China. The company was established in 2001, and listed on 7 May 2015, raising £16.2m.
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Despite rising revenue and profits up 49% and 47% in the six months to 30 June last year the shares have followed a relentlessly downward path since listing, shedding more than 60% of their value.
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Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.
Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin.
As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.
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