Why it's time to kill off these small stocks

Many AIM-listed companies are frustrated by the indifference of investors, but the solution to their problems is an unpalatable one: cut out the dead wood and restore the market's reputation.

Writing in the Annual Results statement of his small City finance house Dowgate Capital (DGT), chairman Tony Rawlinson bemoans the poor performance of the company's share price, which has fallen from 19.5p at the time of its flotation in October 2006 to 13.5p today.

And this despite building a profitable and sound business, commissioning a research note to explain what we do and what we are seeking to achieve, retaining a public relations adviser, joining the relatively few AIM-quoted companies that pay a dividend, launching a share buyback program, and completing a share consolidation.'

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