Member Info for BruceJamieson

AJust discovered this thanks to DoubleD7. Interesting to note Invesco have 26% very positive.

If true a total disgrace. May trigger unwanted CGT Bill for some. There should always be a paper alternative and as they are I think a quoted company why not? regarding other victims I do not think Metro, Aldermore, or others are likely victims and many are too large. I do not think Branson would take kindly to a bid approach. I am really sorry about TSB as I had high hopes of them re-introducing traditional values and expertise. When I was in business Abbey National and later when it was Santander had far and away more complaints than any other bank or building society. Foo not know what they are like now. Except that I have a tiny account from giro days and reactive ting it when dormant was a shambles and paying in is a major event. But then counter work is .10 times slower in all banks now it is no longer manual and the waste done automatically.

GVC?

It would mean that the market expected another greater bid. If you think that way you buy now which means you are in an arbitrage situation. Any other takers for this. I think it unlikely.

What about Hong Kong or Macau. In Us could be someone like Wynns to expand into digital. However QI cannot believe that the Nye on 30% is for not. What do they know. QI cannot imagine we shall have to wait long

It is very curious. Also there has been a block listing recently of over 1 million shares and options granted to directors. What is going on?I have never heard of a fund manager and in this case a very good one taking such a stake. Surely they would not bid themselves? But they must think someone else is. I wonder which fund or funds they have put it into. It is nearly £40 million not peanuts. Extraordinary!!!

Hi John. I meant the most recent post on the LSE bb for GVC. Re the discount etc. Sure at least some of their business is unregulated but in good markets and the dividend looks secure. Have looked at Bwin now the biggest on line gambling company presumably in UK? St least some of their work is regulated. Now the HG holding in here. Quite extraordinary. Over 30% and they have to make a bid. Put up or shut up. Such a holding presages something happening or maybe they think they are in an arbitrage situation?

Bid and ask are now almost at parity. Backwardation coming?

Hi John. Do take a look at interesting comment today on GVC board.

The company has its hq at 69 Old St EC1V. The technical centres are UK and Spain. Main customers are Sky, Virgin Media, BBC and ITV. True they have recently launched the Iris solution in Mexico. But it all points to a London listing, Spain is relatively minor and Latin Smerica small. All makes perfect sense to me!

Right. Labour "did the right thing" re NorthernRock. There was nothing wrong with Lloyds and they forced them to rescue HBOS. Gordon Brown so called Chancellor

Spanish banks - except Bank of Madrid which has just gone bust!!!

Too true. All the old skills have gone from banking eg taking security, learning how to lend and get money back without credit scoring and helping customers. There was a black hole to fill which is where the false selling etc came in. In Bar lays they had an hourly target and of course they have been quite unable to implement the new ethical guidelines. Then the banks got rid of all their experienced line managers in their 50s and then they wonder why everything went wrong. The characters have gone too as has the fun. I had enough as a branch manager and after some twists and turns became an IFA where I could practice many of the skills learned on banking. I retained my ACIB and went on to Chartership and a Fellowship in my new world. It was all a terrible shame.

Wishful thinking I am afraid. the BOD is in favour as is majority shareholder Lloyds as this neatly gets them off the hook without further problems. I think it is a tragedy that another old bank (well resuscitated!) goes away and even more another Spanish acquisition. I think there should be a Spanish Inquisition.

You seem surprised that it is on AIM. From what you say it is the obvious place to be. What alternative is there without paying for a full listing?

No one seems to have mentioned the tie up with Shell as mentioned in Oil Barrel magazine. Any reason for that?

Deathly hush in the Close tonight! Good to see that small shareholders are allowed to participate in the placing following the excellent results. Why cannot others such as LGO, Rose etc do the same??

No comment from anyone about yesterday's announcement of production starting at another successful well in the Vaca Muerta shale play.

Vamoose their only product? Apart from Naturals, crawling insect spray, GP insect spray, Max insect spray, Knockdown, Kill, DFK, Techdust, Terminix SafeShield, drain fly killer and guerrilla Dust!

I did not think any cheques posted before 23rd. However, as part of my holding is in a SIPP I shall be told by the stockbroker when it arrives. I shall report then