Member Info for mick-b

Burford Capital is a £2.5B company......down 45% from this attack

Interesting to note that Muddy Waters never came back to attack IQE again...
Says in all

(Sharecast News) - AIM-listed Burford Capital saw its shares slump for the second day in a row on Wednesday after Muddy Waters Research accused the litigation and risk management company of "egregiously misrepresenting its return on invested capital and internal rate of return, as well as the state of its overall business".
The US-based research firm, which is short Burford, said it's a poor business masquerading as a great one. It argued that the company "woos investors" with non-IFRS metrics, particularly IRR and ROIC.
https://www.lse.co.uk/news/BUR/burford-capital-hits-back-after-muddy-waters-attack-k2gaxqhgs2xzxsi.html

Thomas Cook (LSE:TCG) is almost certainly going bust. But you wouldn’t think that reading the bulletin boards, with posts of “20p INCOMING!”. Only a cream-faced loon would listen to anonymous strangers on the internet, yet listening to anonymous strangers on the internet seems to be a popular pastime.
https://www.valuethemarkets.com/2019/08/06/thomas-cook-dont-just-book-it-short-it-instead-tcg/

You cant beat politics to frook everything up.
Gold is going through the roof......nearing $1500 dollars

https://www.bullionvault.com/gold-price-chart.do

The Group has acquired the online business and all associated intellectual property rights from the administrators of Karen Millen Fashions Limited and Karen Millen Retail Limited, both of which entered into administration on 6 August 2019, for £18.2m, funded by the Group's existing cash resources.

The Group has acquired the online business and all associated intellectual property rights from the administrators of Karen Millen Fashions Limited and Karen Millen Retail Limited, both of which entered into administration on 6 August 2019, for £18.2m, funded by the Group's existing cash resources.

By 0.91%...from 4.75% to 3.84%
SEE todays RNS below
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/IQE/14177940.html

Boohoo is acquiring 'online only' business, it is low risk. They get a terrific brand with an established customer base for a paltry price. This is a great positive... They can easily integrate this with their existing channels for distribution etc. Buying distressed business (not brick and mortar stores ) at the right time will re-rate boohoo in the long run..The revenue from Karen Miller was over £160m last year (for both online and brick and mortar stores). With no physical stores,it will become a better margin business too... Way to go (if it gets through)

BOOHOO in advanced talks to buy Karen Millen and sister brand Coast through an insolvency process known as a pre-pack administration.
https://news.sky.com/story/online-star-boohoo-swoops-on-high-street-icon-karen-millen-11778297

FYI
Spot GOLD price is around $1465
https://www.bullionvault.com/gold-price-chart.do

easyHotel (LON:EZH)
Recommended cash offer - at 95p per share. Congratulations to shareholders! (£100m)

Yet another takeover bid, from overseas. Whilst we're all agonising over Brexit, overseas buyers are hoovering up UK listed companies at quite a remarkable rate. I find this a very peculiar situation. Clearly one side is wrong! Either we (UK investors) are under-valuing UK shares, or the overseas buyers are over-paying. Time will tell who is correct!

To my mind, the surge in takeover bids from overseas is telling me that at least some UK stocks are cheap. That gives me the confidence to hold/buy more, particularly as at least half the shares in my portfolio strike me as potential bid targets.

****GOTRADER****
My point is ONLY a takeover will lift the sagging price of IQE, to a reasonable price.
I'll be happy with a quid.
Otherwise imo, it will take years for decent profits to return.
And for the share price to perform.
Plus another funding soon fills me with trepidation.
ATB

tracks STERLING as it's solely a domestic stock so mirroring the UK economy
Sterling is very weak due to INCREASED no deal fears ..blame BOJO

Precious metals surge, gold at 6-year high

Precious metals posted strong gains on Monday on the back of deepening trade war fears. Safe-haven assets rallied as global stocks took a beating following the most recent escalation in the US-China trade dispute.

Last week, US President Donald Trump ordered 10% tariffs on China's remaining $300 billion worth of exports to the US, despite objections from his advisors. Meanwhile, demand worries surrounding the trade war dragged crude prices into the red.

Gold soared 1.35% to $1,460.22 per ounce at 6:41 am ET, while silver jumped 1.85% to $16.51 per ounce. At the same time, palladium gained 0.11% to $1,411.56 per ounce as platinum leaped 1.45% to $856.75.

Breaking the News / JC

Live spot gold prices
https://www.bullionvault.com/gold-price-chart.do

Precious metals surge, gold at 6-year high

Precious metals posted strong gains on Monday on the back of deepening trade war fears. Safe-haven assets rallied as global stocks took a beating following the most recent escalation in the US-China trade dispute.

Last week, US President Donald Trump ordered 10% tariffs on China's remaining $300 billion worth of exports to the US, despite objections from his advisors. Meanwhile, demand worries surrounding the trade war dragged crude prices into the red.

Gold soared 1.35% to $1,460.22 per ounce at 6:41 am ET, while silver jumped 1.85% to $16.51 per ounce. At the same time, palladium gained 0.11% to $1,411.56 per ounce as platinum leaped 1.45% to $856.75.

Breaking the News / JC

BUY MORE GUNS to protect yourselves is the NRA mantra.
.
Buy an AK47 in Walmart or a gun club for a few hundred dollars.....ideal for the mentally unstable.

What a player.....144 1st innings and 142 2nd innings.
Aussies on top!!

https://www.valuethemarkets.com/2019/08/02/svs-securities-another-broker-bites-the-dust-how-much-trouble-is-aim-in/

https://www.valuethemarkets.com/2019/08/02/svs-securities-another-broker-bites-the-dust-how-much-trouble-is-aim-in/
More should be known on Monday from the Authorities.
No news on their website
https://svssecurities.com/news
Fingers crossed for you

Makes for an interesting start , to the week.
GO!!! Gold GO!!!

Today, Osman Shahenshah and Shahid Ullah received a total of 30 years for fraud and money laundering offences they had committed whilst they were CEO and Chief Operating Officer of Afren Plc.
The men were found guilty at trial earlier this month for a scheme they created to profit from business deals Afren made with its Nigerian oil partners, without the knowledge of Afren’s board of directors.
Shahenshah and Ullah laundered more than $45m from a $300m deal they recommended to Afren, using their illicit proceeds to purchase luxury properties in the Caribbean.
https://www.sfo.gov.uk/2018/10/29/osman-shahenshah-shahid-ullah-sentenced-to-30-years-for-afren-fraud-money-laundering/

I LOST LOADS ON AFREN...but sold before it went bust!