“The Bakries said in a statement that Mr. Rothschild’s proposal was “unworkable,” given that Mr. Tan’s and Mr. Roeslani had informed Bumi’s board that they had no intention of selling their respective stakes on the terms proposed by Mr. Rothschild’s investment group.” “According to Wednesday’s statement from the group, neither is willing to sell on…
13 Dec 2012 Cantor Opening Call The FTSE is called to open down around 10 points this morning UK Corporate Announcements Sports Direct announces H1 revenues of £1.09bn up 22.5% and an adjusted EBITDA of £163.2mJohn Wood Group states that it sees its full year results in line and that the energy…
UPDATE – Lonmin confirms that Citigroup Global Markets Limited, Hsbc Bank plc, J.P. Morgan Securities plc and Standard Bank Plc have procured acquirers for the 11,080,521 New Shares for which valid acceptances were not received at a price of 272 pence per share, equivalent to ZAR 38.0025 per share at the time of sale. Accordingly, none of…
Hector’s House At the time the Libor scandal was announced in the summer, I could not believe that Barclays (BARC) had not received a more severe punishment than a mere slap on the wrist £300m fine for its part in the Libor scandal. In fact, the crime was so heinous that the bank and many…
Seems Ol Natty is playing the Bakries and Tan at their own game it seems with a proposal that buys them out near the current share price (that’s never going to fly!) and not surprisingly, Tan has told him , metaphorically, to go forth and multiply (and not with his new squeeze)! Looks like more…
Again, even with the naysayers of Ceres still calling for the death knell to be sounded on the stock, the share price continues to creeps higher… We’ve made our stance clear on numerous occassions if you check out the tabs on the right for Ceres. It looks like the seller(s) have finished and with the…
Steve Cohen Achieving so called “alpha” in asset trading is a rather difficult task. Only a select few asset managers can seemingly achieve this over a sustained period. At the more “shady” end of the hedge fund arena in particular, it seems that by “joining” material public information together with “non-material” non-public information, these fund…
UPDATE – From the Indonesian Press overnight – “Indonesia: Bakrie Cashed Up, Ready for Bumi Battle”. “The Bakrie Brothers are far from finished, they are cashing up and we believe they are building a war chest to rebuild Bumi and rid themselves forever of Rothschild and his public noise.” It seems they are selling off…
Cantor Opening Call The FTSE is called to open up around 5 points this morning UK Corporate Announcements Imagination Technologies states that it remains on track to make good progress, as it announces an H1 adjusted pre-tax profit of £16.8m SuperGroup announces H1 group revenues gained 16.2% to £258m and stays confident…
It looks like “sod and law” may be about to assert itself with regards to Gulfsands Petroleum. We are just completing our Top Picks for 2013 and Gulfsands is one of our picks! We postulate on the potential for a takeover of the Group if there looks to be an end in sight to the…
