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Didn't a director lend his son £2m last week to buy shares at 173p each? I'll bet they are happy! I'm not selling and I'm in at around 170p myself. It'll correct back up to 180p+ shortly. There's no good reason for the overdone price drop except the usual greed.
How come they didn't declare themselves to be within an offer period? I thought even an approach regarding a possible offer meant you had to do so legally? And to then notify everyone if the interested party is running around buying up shares. Does anyone know who they might be talking to? It's been 5 weeks and that's only since they admitted they were talking to someone. Surely they'd have decided by now and done due dilligence etc. No more news on the guys that are under investigation? The lawless LSE always steals shares from those that can't fight off the bullies!
Subject: Date: Fri 26th Mar 2010 10:32:30 Region: Market sector: Company: *WSJ: Suspect In UK Trading Probe Denies Allegations (MORE TO FOLLOW) Dow Jones Newswires (212-416-2400) March 26, 2010 06:23 ET (10:23 GMT) Copyright(c) 2010, Dow Jones & Company Inc. Fri 26th Mar 2010 10:32:30 =WSJ: Suspect In UK Trading Probe Denies Allegations By David Enrich Of THE WALL STREET JOURNAL One of the seven suspects in the U.K.'s investigation of an alleged insider-trading ring issued a statement Friday in which he "denies the allegations that have been made against him," according to his legal counsel. The suspect, Julian Rifat of hedge fund Moore Capital Management LP, was arrested Tuesday in connection with what the U.K.'s Financial Services Authority described as an insider trading ring. He was released without being charged. Rifat "is deeply distressed by the accusation and is working to clear his name as soon as possible," according to a statement issued Friday by U.K. law firm Kingsley Napley LLP. "It would not be appropriate for us or for him to comment further at this stage in light of the fact that the investigation is on-going." (This story and related background material will be available on The Wall Street Journal Web site, WSJ.com.) Rifat, a London-based "execution trader" at New York fund Moore Capital, is being represented by Stephen Pollard, a Kingsley Napley partner who's a veteran of defending City of London workers against government accusations. Rifat is the first suspect to publicly comment on his arrest. None of the seven men arrested this week as part of the FSA's crackdown have been charged with a crime. The FSA hasn't detailed its allegations against the men, beyond asserting that it suspects them of participating in a "sophisticated and long-running" insider-trading scheme that netted "significant profits." -By David Enrich, The Wall Street Journal; david.enrich@wsj.com (END) Dow Jones Newswires March 26, 2010 06:32 ET (10:32 GMT) Copyright(c) 2010, Dow Jones & Company Inc.
Seems to be yet more dodgy trading holding this to a 30% loss today at least so far. I can see it filling the gap back to 214p in no time. I love how the three analysts that commented agree. One says sell, one says hold, one says buy. Someone will end up being right!!
TIDMAVS Taya Investment Company Ltd Statement re: Avesco Group plc Further to Avesco Group plc's ("Avesco") announcements of 22 February and 25 February 2010, Taya Investment Company Ltd (the "Company") announces that it does not currently intend to make an offer to acquire the entire issued share capital of Avesco. The Company acquired 2,804,513 Avesco ordinary shares on 18 February 2010 and additional 2,300,000 Avesco ordinary shares on 24 February 2010, amounting, in aggregate, to 5,104,513 Avesco ordinary shares which amount to approximately 20.4 per cent. of the issued share capital of Avesco. For the purposes of Rule 2.8 of the City Code on Takeovers and Mergers (the "Code"), the Company (and any person which is, or may be, acting in concert with it) reserves the right to announce or participate in an offer or possible offer for the shares in Avesco (which it does not already own), and to take any other action which would otherwise be restricted under Rule 2.8 of the Code within six (6) months of the date of this announcement: (i) with the agreement or recommendation of the board of directors of Avesco; (ii) following an announcement of an offer, a firm intention to make an offer or a possible offer, by or on behalf of a third party (including by an Avesco shareholder, director or a member of its management) for Avesco; (iii) following an announcement by or on behalf of Avesco of a "whitewash" proposal or a reverse takeover (in each case as defined in the Code); or (iv) with the consent of the Panel, if there is a material change of circumstances. (END) Dow Jones Newswires March 01, 2010 10:28 ET (15:28 GMT)
0856 GMT [Dow Jones] VT Group's (VTG.LN) win of a contract valued at up to GBP35M to provide support to the RAF's fleet of Tucano training aircraft should help underpin future forecast assumptions, says Panmure Gordon. Says although it's a relatively small contract by MoD standards, "it does show that decisions are still being made this side of the election, especially where maintenance and support is concerned." The brokerage also notes VT's increased offer of 294p per share for Mouchel (MCHL.LN) and says this would make the transaction around 9% EPS enhancing. Reiterates buy and has 630p target. VT -2.4% at 496p. (MMA)
Is it finally going to head for 280p again??? There seems to be an orchestrated movement to sell whenever the price moves up at present. I think it's getting held back on purpose at the moment. Watch for the day when it's allowed to take off.
This could be breakout day if it reaches 1175 as I think there will be some decent buyers coming in then. It got to 1174.95 on Plus frist thing but the LSE kept the price back. Currently at 11.58 - 11.60 with little resistance to the pack of mm's sitting at 11.75 to 11.89
FTSE in-depth: Full steam ahead for Forth Ports Geoff Foster, Daily Mail 30 December 2009, 8:19am Reader comments (1) It's a jackanory that continues to float the City's boat. Forth Ports is set to become one of the first big takeover stories of 2010. Shares of the ports and property group steamed further ahead and touched £12 before closing 46p higher at 1146p on growing speculation that 23.5% shareholder Arcus Infrastructure Partners will launch a bid in the New Year. Forth Ports' shares have risen strongly in recent months despite disappointing first-half results in August and a warning earlier in December from management that it expects full-year results to be at the lower end of analysts' forecasts after a challenging year. Corporate activity does look on the horizon for a group that over the years has attracted the attention of venture capitalist Duke Street and Aussie investment bank Macquarie. Forth Ports owns and operates seven commercial ports in the UK - Tilbury on the Thames, Dundee in the Firth of Tay and five in the Firth of Forth. Perhaps of greater interest to any bidder is the 400 acres of land it owns that are available for development and which form the major part of Edinburgh's waterfront
Was going to jump in at 15p but these usually drop for a few days then level off for a couple before rising. 15 million sold at 12p has put me right off as someone has got all that cheap stock they can sell at 12.25p. Unless it's already gone somewhere. I'd wait for it to level even it it does bounce back slightly before then as I expect it to fall further to 12p or less. Amazing opportunity to make a quick 20% if it bounces from there. Did the same with Caledon just last week and that's bounced back nicely.