A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip or want to discuss a story please feel free to email Betaville at firstname.lastname@example.org.
Friday, 24 November 2017, 9:22 am
Hacks at trade rag Financial News dug up a rare piece of good news from Odey Asset Management, the hedge fund firm run by charming Brexiteer Crispin Odey.
The Odey Absolute Return Fund - which is managed by a chap called James Hanbury - is actually doing rather well. According to the FN report, Hanbury's fund is up 11.2pc this year. Below is a link to the FN piece if you want to read all the detail:..
Thursday, 23 November 2017, 11:14 am
It's good to see the Nordic press finally follow up on Betaville's scoops about Beijing Watertek weighing a bid for Fingerprint Cards.
As usual, Betaville took a fair amount of stick after this website revealed last year that China's Beijing Watertek was preparing a takeover bid for Sweden's Fingerprint Cards, which specialises in biometrics. Here is a link to the original piece:..
Thursday, 23 November 2017, 9:40 am
Embattled Aim-listed "internet of things" company Telit Communications has finally confirmed it has appointed Richard Kilsby, the former boss of 888, as non-executive chairman. Below is a link to the release:
The news comes after Betaville and The Sunday Times revealed the likely appointment of Kilsby just over a couple of weeks ago. Here are the links to those pieces:..
Read more...Exclusive to Betaville Intelligence subscribers
Tuesday, 21 November 2017, 3:46 pm
Tuesday, 21 November 2017, 9:41 am
Shares in Imperial Brands are enjoying a little bounce today. The stock is up around 3pc because Japan Tobacco's new chief executive, Mitsuomi Koizumi, has said:
"If there is a good M&A opportunity, company will pursue regardless of size."
So, naturally speculators are putting 2 and 2 together and coming up with...well, I have pasted a note below from Exane BNP Paribas so you can see what the broker thinks...
Monday, 20 November 2017, 10:33 am
Avid followers of Betaville's work might have noticed a scoopette in this weekend's section of The Sunday Times about Accrol, the loo-roll maker, plotting an £18 million equity fundraising. Below is the link in case you missed it:
Friday, 17 November 2017, 3:25 pm
Here is a funny tale that Betaville picked up over a sumptious lunch at Moro, a restaurant in London that is still making great North African / Spanish fusion dishes.
Betaville will keep the individuals anonymous as sources / reputations need to be protected but it goes something like this:..
Read more...Betaville Intelligence
Thursday, 16 November 2017, 10:49 pm
I see the various US media organisations are claiming to have broken the "scoop" about Comcast making an approach for 21st Century Fox.
Well, if these organisations had spoken to Betaville Intelligence subscribers they would have realised this story was broken on this news service a couple of hours before.
Below is the link to the piece:..
Thursday, 16 November 2017, 7:44 pm
Oh look - Mayan Energy has confirmed Betaville's scoopette from last night. I have pasted the link below in case you missed it!
Wednesday, 15 November 2017, 5:26 pm
Mayan Energy is poised to carry out its second equity fundraising in the space of just six months.
According to sources claiming to be familiar with the matter, Aim-listed Mayan is on the verge of carrying out a £2 million equity fundraising and the deal could be announced in the next few days.
One source said Mayan - which focuses on Mexico and the US - is looking to raise the money around 0.6p a share, which would be a significant discount to the current share price...
Wednesday, 15 November 2017, 11:01 am
Alistair Osborne, one of Betaville's favourite business commentators, today revives the ITV bid rumour is his excellent column in the business section of The Times.
It's been a while since a news organisation has trotted out the well-worn bid theory but Osborne is one of the wisest old hacks I have had the pleasure of working with, so it's worth paying attention to. I have pasted a link to Alistair's column below:..
Tuesday, 14 November 2017, 7:14 pm
If your interested in a contrarian view on the Cayman Islands post the Paradise Papers "expose" then give Simon English's column in today's Evening Standard a read.
English is one of Betaville's favourite City commentators as he always provides sharp insight and evokes a chuckle. Below is a link to Simon's top column...
Monday, 13 November 2017, 7:54 am
Below is a link to Andrew Lynch's Prufrock column in The Sunday Times business section.
Read more...Betaville Intelligence
Friday, 10 November 2017, 10:50 pm
Telit Communications is lining up the former boss of onling gambling group 888 Holdings to become its new chairman.
According to sources in the recruitment industry, headhunting firm Korn Ferry recently put Richard Kilsby, who stepped down as chairman of 888 Holdings in 2015, on the shortlist of potential candidates to become the embattled company's new chairman...
Read more...Betaville Intelligence
Thursday, 9 November 2017, 2:25 pm
Plus500's corporate brokers have been sounding out investors about selling around 7pc of the founders' total shareholding in the Aim-listed contract for difference platform.
According to sources familiar with the matter, brokers at Liberum and Berenberg this week approached investors with the opportunity to buy as much as 7pc of Plus500 from a group comprising the founders of the Israeli contracts for difference broker, such as Alon Gonen...
Wednesday, 8 November 2017, 6:15 pm
It would appear buy-out baron Guy Hands is poised to lose control of care homes group Four Seasons. At least, that is what esteemed peers are reporting on Twitter this afternoon. In fact, Marlow over at The Daily Telegrah claims handing over keys could crysallise a loss of about £450 million for Terra Firma Capital Partners...
Tuesday, 7 November 2017, 5:41 pm
I broke the story back in January in The Sunday Times about 3i hiring NM Rothschild to flog Hobbs (see the link below), so it's good to see a deal with South African group Foschini has finally been confirmed.
Below is the link to the piece I wrote earlier this year:
Monday, 6 November 2017, 9:11 pm
CNBC's David Faber landed a great scoop today about Walt Disney's recent deal talks with 21st Century Fox. Below is the link:
Friday, 3 November 2017, 1:31 pm
The London market is all aflutter today after a couple of big IPOs (Bakkavor and Arqiva) were scrapped. But don't fret - Betaville has some upbeat news about new(ish) listing at the smaller end of the market.
Sources familiar with the matter said Nigel Wray, chaiman of Saracens Rugby Club and serial investor, has snapped up a stake in Sosandar, the womens fashion etailer that is gaining a listing by reversing into an Aim-listed cash shell called Orogen...
Friday, 3 November 2017, 11:00 am
Aim-listed Sirius Petroleum is in talks with investors about raising between $10 million and $20 million.
Sirius - which Betaville revealed several months ago had secured an offtake agreement with FTSE 100 oil giant BP - is looking to raise up to $12.5 million via an equity fundraising, said sources familiar with the matter...
[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].