I think you need to understand a bit more about what this fiasco means for the reputation of EVG

1 - Small cap / mid cap broking is very competitive. It involves going round institutions, with your name attached to companies, and getting them to stump up to invest in your clients. If you go round, raise £44m , and 4 weeks later, the price drops 70%, then all your contacts and credibility are basically blown to bits.

2 - Generally, fund raising is getting pretty tight in this sector at this precise moment- its the summer, it usually slows down about now - so - macro wise, people are getting cautious. Interest rate worries / consumer spending etc etc. Having said that, the new issue / secondary market may open up again in September or so.

3 - Its not the first issue that EVG have got away under uncertain circumstances - people have long memories if they have been sold a pup

Having said that, it has fallen a long way - so it has become interesting for sure.