The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Fordm …… I’ve hit breakeven
I’ve come over all unnecessary ……
What to do, what to do ……. Can’t believe I’m even asking myself that ….
New broker ratings out
Numis 2200
Jeffries 2100
Https://plantbasednews.org/news/alternative-protein/cat-food-cultivated-chicken/
Anyone have any idea when the next trading update is scheduled to be, please….. THG website has nothing diaried beyond the update released onJan 2024.
Thanks
It is good to see this completed. Hopefully the SP will have a good run at representing true value now.
Just for you Winstanley 😁
Mike Lynch has been accused of masterminding a “multiyear, multilayered fraud” at Autonomy that tricked HP into massively overpaying for the business.
On the first day of Mr Lynch’s criminal trial in San Francisco on Monday, the court heard accusations that the tech entrepreneur “spun a fabulous tale” to lure HP into paying $11bn (£8.6bn) for Autonomy.
US prosecutors claim that Mr Lynch and other Autonomy executives inflated the company’s value using illegal accounting practices.
Prosecutors sought to paint Mr Lynch, Autonomy’s founder, as “a controlling, dominating, intimidating boss” who was “the driving force” behind the alleged fraud”.
The prosecution alleged that Mr Lynch masterminded an accounting fraud by back-dating contracts and “roundtrip” deals in which customers were paid for fake purchases of Autonomy’s software. It said that part of the purpose was to entice buyers like HP.
Adam Reeves, assistant US attorney, told the jury: “You will learn that these deals made no sense unless you were trying to falsely inflate your revenue.”
Mr Reeves added: “HP ate it up – they thought this kind of software company is exactly what they needed.”
A technology entrepreneur who was once lionised as “Britain’s Bill Gates”, Mr Lynch is facing 16 counts of fraud related to the sale of Autonomy, the former FTSE 100 software company, in 2011.
HP wrote down almost all the value of the £7bn deal a year later and claimed serious accounting improprieties.
Stephen Chamberlain, Autonomy’s former finance director, has also been charged. Both men have pleaded not guilty.
Mr Lynch made around $800m from the deal. He was charged in 2018 and fought extradition, but was ultimately unsuccessful and arrived in the US last year.
Charles Breyer, the judge overseeing the trial, granted Mr Lynch bail secured by a $100m bond, but restricted him to a home in San Francisco with round-the-clock guards and a tracker attached to his leg.
The trial is expected to last around 10 weeks with dozens of witnesses potentially being called by the US government including Leo Apotheker, the HP boss who pushed through the deal to buy Autonomy.
Mr Lynch is likely to give evidence in the second half of the trial. He has insisted that HP destroyed value by mismanaging the company and previously claimed he was being scapegoated for problems at Autonomy after it was taken over.
He has said that HP did not know what it was doing with Autonomy and was out of its depth in understanding its technology.
The technology entrepreneur built Autonomy into a European giant before co-founding cyber-security company Darktrace.
In 2006, he was awarded an OBE and appointed to the board of the BBC. During the year he sold Autonomy, David Cameron appointed him to the Government’s Council for Science and Technology.
The 12-person jury in the US case must reach a unanimous verdict to
Ianfm -
Yep ….. that’s the one ……
Fordm et al -
I think I’m in a parallel universe. I can see something on the horizon that looks oddly familiar but when I get near enough to touch it, it disappears into the ether. I recognise it as my breakeven point - calling me like a siren only to lure me back into despair.
But wait…. The sp is rising and I’m feeling joyful. Another odd feeling is coming too ….. oooh look! It’s hope ! I haven’t seen you in a long time …..
Meanwhile back on terra firma ….. 😀😀
Trust fund - take heart……. We’ve all been there with one share or another.
If this was easy, we’d all have given up the day job! Patience is needed here - and an awful lot of it methinks.
Reported for touting for traffic to your own website
Stop spamming multiple share boards by touting for traffic to your own.
Reported
You are touting for traffic to your own bb.
Reported
You have posted the same message n other share chats on LSE, all touting for traffic to your website/ forum.
Reported
You have posted the same message on multiple LSE share bb’s touting for
Posters.
Reported
MaryBr190 - think you need new charts! Your last 2 readings have been way off!
Good news for us though…..
Https://www.ft.com/content/6c2b776d-e086-49e1-8987-48b4b9f7dd8b
Think we have all been there with one share or another! Take heart …..
If this was easy, everyone would be doing it!
Https://www.sharesmagazine.co.uk/article/darktrace-hits-18-month-high-as-hack-threats-increase