The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
TREE SHAKING
Gartmore fired Mark Widowson over 'irregular trading' just weeks before suspending Guillaume Rambourg http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7632766/Gartmore-fired-Mark-Widowson-over-irregular-trading-just-weeks-before-suspending-Guillaume-Rambourg.html
I am sticking with the banks for the next few months specially lloy and rbs they are really undervalued and I have a good feeling about them lol
I would advise you to buy LLOY, RBS, AND Barc results for the first quater are all out next week. I can see Barc going above £4 and RBS AND LLOY reaching around £1 near christmas!
sold APH AT 35 and bought RBS at 50.36 and HLO at 190, my best move so far this year.
RNS FMR LLC 5,309,840 SHARES (5.04%) FMR is "semper fidelis" (ever faithful) to its core business. The financial services conglomerate, better known as Fidelity Investments, is one of the world's largest mutual fund firms. Serving more than 20 million individual and institutional clients, Fidelity manages almost 500 funds and has more than $1.4 trillion of assets under management. It also operates a leading online discount brokerage and has more than 100 investor centers in the US and Canada, as well as locations in Europe and Asia. The founding Johnson family controls FMR; Abigail Johnson, CEO Ned Johnson's daughter and perhaps his successor (not to mention one of the richest women in America), is the company's largest single shareholder.
Standard
HCL plc will hold its Annual General Meeting on Wednesday 26 May 2010
3 big buys today totalling almost 2 million pounds 16:41 240.48p 276,970 £666,057 Buy O 13:02 240.00p 276,970 £664,728 Buy O 13:22 240.00p 276,970 £664,728 Buy O Total £1995515
Toscafund Asset Management LLP share increase to 1,363,493
238.75>>>>
A deal looks inevitable? HEALTHCARE LOCUMS PLC (the "Company" or "Healthcare Locums") Exercise of Options, Rule 2.10 announcement and Total Voting Rights Healthcare Locums announces that 250,000 new Ordinary Shares of 10 pence each in the Company have been issued as a result of the exercise of options held by a former employee under the share option scheme. The options were exercised at a price of 112.5p per Ordinary Share. Application for the admission of the 250,000 new Ordinary Shares to trading on AIM has been submitted and dealings are expected to commence on 27 April 2010. The new Ordinary Shares will rank pari passu with existing Ordinary Shares in the Company As a consequence of the exercise of share options and in accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Company confirms that it has 105,417,601 Ordinary Shares of 10p each in issue. There are no Ordinary Shares held in treasury. Accordingly, the number of shares carrying voting rights is 105,417,601. The ISIN code for these securities is GB00B0MD8242. The above figure of 105,417,601 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules. Contact information: Healthcare Locums plc Kate Bleasdale, Executive Vice Chairman Tel: 0207 451 1451 Fairfax I.S. PLC Simon Bennett / Laura Littley/Ewan Leggat Tel: 0207 598 5368 Pelham Bell Pottinger David Rydell / Emma Kent / Duncan Mayall Tel: 020 7337 1500
Healthcare reform could improve care, say staff in doctors' jobs - 20 Apr 2010 Specialists in doctors' jobs in the US have said healthcare reform could bring about improved patient care, as well as delivering changes to the insurance system. Much of the focus on the reform of the sector has fallen on the fact that millions more people will be given access to healthcare, but newly-implemented pay bonuses and penalties could also improve the standard of care in the US. For instance, staff in doctors' jobs will be encouraged to take part in an initiative which publicly rates their performance, with a one per cent Medicare bonus for those who get involved in the scheme in 2011. On the whole, the move has been welcomed by staff in doctors' jobs. Dr Bob Wachter, chief of medical service at the University of California, told American Medical News it is a "very important step up in a whole variety of initiatives that have been done in this decade in the absence of healthcare reform". Earlier this month, the American Medical Association noted that healthcare reform will also lead to a significant increase in demand for staff in doctors' jobs. By Steven Jones
HCL plc continues to strengthen its position as the UK's leading specialist health and social care recruiter. Since 2004, we have brought together some of the most respected workforce solutions brands within the health and social care markets. Our success is underpinned by a commitment to driving innovation through our recruitment services to hospitals, clinics, social services, local authorities and a wealth of private institutions. These include temporary staffing, locum provision, permanent placements, global search and selection, outsourced managed services, workforce consultancy and International resource projects. We provide NHS and private sector clients with national and international recruitment solutions for social workers, doctors of all grades and specialties, specialist nurses, operating theatre staff, Allied Health Professionals (including physiotherapists, occupational therapists, dietitians and speech and language therapists) and Healthcare Science Services staff (including biomedical scientists, medical administrative staff, pharmacists and pathology professionals). HCL comprises a portfolio of some of the health and care industry's most renowned brands, under several specialist divisions. Search now with the buttons opposite for more information and current vacancies.
236.25>>>>>>>>>>>>>>
PRICE TARGET SUMMARY Mean Target: 276.67 Median Target: 270 High Target: 340 Low Target: 210 No. of Brokers: 6 http://uk.finance.yahoo.com/q/ao?s=HLO.L
Major Shareholders Information Major Shareholders Amount % Holding Equinox Partners LP 17,598,158 16.73% Kathleen Veronica Bleasdale * 10,062,569 9.57% Healthmark UK LLP 9,579,545 9.11% FIL Limited 5,484,410 5.21% AXA SA 5,151,130 4.90% JPMorgan Asset Management 5,110,151 4.86% Resolution Investment Services Ltd 3,942,381 3.75% *Executive/Director Director's Information Amount % Holding James Alan Walker 98,000 0.09% Alasdair Liddell 75,152 0.07% Diane Jarvis 54,773 0.05% Mo Dedat 27,000 0.03%
Beware all is not what it seems! Investor cuts Gartmore fund stake after suspension Thu Apr 15, 2010 6:07am EDTStocks Gartmore Group Ltd GRTR.L 147.90p * Thames River manager concerned after Rambourg suspension Financials * Halves stake but stays in as Roger Guy may be more focused * Gartmore says "no material redemptions" By Laurence Fletcher LONDON, April 15 (Reuters) - An early backer of Gartmore (GRTR.L) star manager Roger Guy has pulled money from one of his funds in the wake of the suspension of high-profile co-manager Guillaume Rambourg last month. Ken Kinsey-Quick, who runs portfolios of absolute return funds at London-based Thames River and who seeded Guy's hedge fund in the late 1990s, said he was concerned about what could happen to the funds following Rambourg's suspension. Gartmore made the decision to suspend Rambourg, which initially sent its shares tumbling more than 30 percent to 116 pence on March 30, pending the outcome of an investigation into whether there had been a breach of internal rules on directing dealers to use particular brokers. [ID:nLDE62T1YD] Gartmore's share price was up 0.4 percent at 142 pence by 1004 GMT on Thursday. Kinsey-Quick said he had halved his holding in one of Guy and Rambourg's funds, reducing it to 1.5 percent from 3 percent of the 61 million-pound ($94.66 million) Thames River Absolute Return fund. He declined to give further details of which fund he had sold out of. However, Kinsey-Quick said he had not sold out completely because he believes Guy may be more focused on the funds while Rambourg is absent, and should the fund again close to new money in the future he might still be allowed to invest. "The golden goose is on the funds. He will be more focused on it," Kinsey-Quick told Reuters. "They may say: 'We have to make this work'." A spokeswoman for Gartmore said the funds had not seen large-scale redemptions since Rambourg's suspension. "There have been no material redemptions or we would have been obliged to make a statement," she said. She declined to quantify "material" but said it applied to both requests received and those paid in full to clients. She said Gartmore would publish more details when the investigation is completed. She gave no indication of when this might be, although the company is keen to bring a speedy end to the situation. Guy declined to comment. Last month Chief Executive Jeff Meyer said clients were so far sticking by the firm. [ID:nLDE62U164] (To read the Reuters Funds Blog click on blogs.reuters.com/fundshub; for the Global Investing Blog click here) ($1=.6444 pounds) (Additional reporting by Joel Dimmock; Editing by Greg Mahlich)
Kinsey-Quick halves exposure to Rambourg absolute return fund By Dylan Lobo | 08:26:02 | 15 April 2010 Thames River Capital head of multi-manager Ken Kinsey-Quick has halved his exposure to the Gartmore European Absolute Return fund following the suspension of Guillaume Rambourg. Kinsey-Quick has halved the 3% position within his recently launched £60 million Thames River Absolute Return fund, a fund of funds investing in Ucits III absolute return funds. The news comes two weeks after Rambourg was suspended by Gartmore after he was found to be directing trades through his favourite brokers. While the Thames River multi-manager team continues to have ‘great’ confidence in the team - which includes co-manager Roger Guy - behind the European Absolute return fund, they said the move allowed them to take a step back from the problems at Gartmore. James Rous, who works alongside Kinsey-Quick on the Absolute Return fund, said: ‘We asked ourselves what are the prospects for Gartmore and the fund? While we didn’t want to make an immediate decision and sell the entire position, the decision to halve the exposure gave us some breathing space. It allows us to take a step back and think about what the best course action will be in the near future.' The multi-manager team does not believe there's an immediate threat to capital within in the Gartmore fund and even if there was, they believe the portfolio is liquid enough to cater for redemptions. Rous said: 'Even with recent developments we felt than chances of investors selling was low and even if they did the portfolio is sufficiently liquid to negate the impact.' Meanwhile Kinsey-Quick and Rous have increased their exposure to another fund in the Gartmore absolute return stable, Ben Wallace's UK Absolute Return fund, which now accounts for around 4% of the fund of funds. Rous stressed that the transaction was not a direct swap for the European Absolute Return fund. The proceeds of the Rambourg sale are sitting within the Thames River Absolute Return fund's cash weighting, which stands at around 30%.
OBSR suspends Gartmore fund ratings • Story by: Joy Dunbar • Magazine: FinancialAdviser • Published Thursday , April 15, 2010 Two Gartmore funds have had their A-ratings suspended by Old Broad Street Research following the suspension of Guillaume Rambourg, a star fund manager for Gartmore Gartmore's Sicav European Absolute Return and the European Absolute Return funds have been suspended pending an internal investigation regarding breaches of internal operating procedures. Gartmore suspended Mr Rambourg pending the outcome of an internal investigation in relation to breaches of internal procedures regarding directing trades, following consultation with the FSA last week. In a statement the asset manager said: "Gartmore has not identified any information to date which suggests that Gartmore's clients have suffered any loss as a result of these breaches." The suspension is not connected with the joint investigation on insider dealing by the FSA and the Serious Organised Crime Agency, according to the statement. Peter Toogood, director of investment services for OBSR, said: "OBSR has spoken to Dominic Rossi, chief investment officer, who has confirmed that an internal investigation is being conducted into all the portfolio activities of Guillaume Rambourg in order to assess whether best execution was achieved and customers were treated fairly. Secondly, Gartmore will be assessing whether this is an isolated incident." Assets managed by Mr Rambourg are now being managed by Roger Guy. Mr Toogood said: "While OBSR has a high regard for Mr Guy, it believes it is appropriate to exercise caution prior to completion of the investigation, and therefore has suspended the fund's rating. OBSR will continue to monitor the situation closely." http://www.ftadviser.com/FinancialAdviser/Investments/News/article/20100415/044a1c7e-4181-11df-99fb-00144f2af8e8/OBSR-suspends-Gartmore-fund-ratings.jsp