Looks like the various interested parties in Plus are re-circling the carcass of Messrs Cyril Theret (CEO) and Chairman Malcom Basing’s car crash… Following Spencer Wilson’s (of Amara Dhari – an 18% shareholder) vocalisation in the press yesterday of many shareholders (and Plus Market company members) sentiments on the current management of Plus, we understand…
You can bet the market will pick up ahead of this Fridays listing of Facebook – the “powers that be” (no not Voldemort!) will ensure that for certain! However, more cracks seem to be appearing in the Facebook story with the WSJ reporting that GM the automaker is to stop paying for on-line ads with…
If we close down today in the US then this will be the longest run of losses since last November and stretching towards the run of down days leading into March 2009… Sentiment remains very poor as detailed in our blog of Sunday and value is all around in equities. It is, by its…
“The danger is we have an excessive regulatory environment, combined with the adversity to risk. This has essentially created an impact that is affecting growth,” So regulation is a bad thing Mr Theret? Trying telling that to the many victims of poorly managed companies and crooked management. “When I took over at Plus I…
UPDATE (1) “Existing cash resources will support Plus as it closes the gap to profitability, anticipated in 2012” “The Board will then consider what steps to take to either return residual value, if any….” – May 14 2012 Which one makes sense? Someone has been misleading the market…. Market misinformation = market abuse. I have…
Sentiment is a good measure when trying to assess where we are in the market and in attempting to guess the next move. Invariably, this data should be interpreted in a contrary manner, ie when everyone is long – be wary but particularly so on the downside – when everyone is downright bearish and fundamental…
Gulfsands Petroleum shares have been hit heavily in recent months primarily due to the spillover effects of the Arab uprising and in particular the civil strife in Syria – a region where the Company’s main exploration operations are based. Unfortunately for Gulfsands, the EU sanctions imposed on the Syrian Government resulted in the suspension of…
Ever since Plus put themselves up for sale in early February, the company’s long suffering shareholders have been waiting on tenterhooks to find out if management have managed to obtain a fair value for the business. The companies woes in recent years, that have variously involved the departures of both former CEO Simon Brickles and…
News that Facebook’s IPO is oversubscribed will not surprise readers of this blog (see tab to bottom right for our previous piece on Wall Street’s usual IPO shenanigans). It looks like the company will raise at least $10.6bn with the shares priced towards the top end of the $28 – $35 range and so valuing…
And so the curtain is about to be drawn on a miserable week for most investors. As posted throughout this week it looks to us like there has been a margin washout and todays poor price action on Italian bond yield woes is really squeezing the last vestiges of patience out of the remaining market…
