Something rather interesting seems to have happened at Proxama (PROX), even though it cannot be given a cash value by the average investor. PROX today announces that it enables local beacons to offer advertising material on smartphones operated by travellers in the immediate vicinity. Astonishingly the click-through rate is not the expected 1-2% but as…
Wirecard (WDI) are now to be investigated by BaFin (the German equivalent of the FCA) for money-laundering. All this was disclosed in Der Spiegel late last Friday. So far, the share price has been only mildly affected – it is now Euro 37. But later this week the attack is to become serious. Stay well…
I doubt if Sir, as was, Fred Goodwin is my kind of chap. But why he should lose his knighthood for carrying out what his board, entirely comprised of the great and good, had authorised him to do beats me. I think honours are for life, not on loan. In the same vein, I myself…
The annual Master Investor event at Islington last Saturday has now developed into a huge success. The chairman’s slot is a form of revivalist enthusiasm wrapped up with Warren Buffett. And pop music into the bargain. Well worth a visit to Islington for this alone. ***** Pantheon (PANR) offered an update this morning. I couldn’t…
Events move along at Watchstone (WTG), in that it is now disclosed that WTG has recently received a draft and highly conditional, non-cash proposal from a private company which is controlled by Edie Truell, late of Tungsten (TUNG). One does not have to be the Brain of Britain to see what stimulates an approach but…
After many months of waiting for an RNS from Watchstone (WTG) (nee Quindell) that the American investments had run into trouble, they haven’t. Some think these investments are worth 250p per share. On top of that WTG boasts cash of 200p, retained warranty monies of 100p and realisations to come from the industrial hearing division,…
I was a bit slow off the mark but bought 150,000 more Churchill Mining (CHL) at around 19p on the anouncement by CHL, which came out at midday. This said that the Republic of Indonesia (ROI) has declined to put up any evidence to support its claim that CHL engaged in forging documents at the…
Tyratech (TYR and TYRU) has 370m shares in issue and is capitalised at, say, £14m. (I do wish this division of capital would be brought to an end. Surely the management can get this done.) But this morning’s statement looks pretty bullish to me. Clearly sales are starting to grow exponentially and, at long last,…
As it happens, I came to know Sir Anthony Montague-Browne some thirty years ago and lunched with him both in St James and at his then home near Newbury. He was affable and, more to the point, witty and intelligent. A few years later he published his autobiography, Long Sunset (now 1p on Amazon and…
It is worth noting that, all yesterday, the BBC referred to these Panamanian companies as operated by “the rich and powerful” as if to suggest that if one is rich and powerful one operates a Panamanian company. Channel 4 News followed up on the same basis in the evening. It is hard to escape the…
