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 ben@betaville.co.uk. Betaville can also be reached at Whats App, Signal or Telegram. Betaville's Twitter handle is @bharringtonw11 and you can message me via Twitter with stories.

Is Waggott being lined up as Thomas Cook's new chief executive?

Wednesday, 22 May 2019, 11:32 pm

Thomas Cook is under seige with City brokers, such as Citigroup, speculating the company's shares are worthless.

That has prompted a sharp sell off of the company's shares and bonds, which are now trading at distressed levels.

So, senior bankers have begun to speculate about what the company's tough chairman, Frank Meysman, might do to dig the company out of the hole it finds itself in...

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Betaville Intelligence

RARE ALERT: Inmarsat said to...- Part 3

Tuesday, 21 May 2019, 7:21 pm

Arbitrageurs breathed a huge sigh of relief after the Scheme of Arrangement to take Inmarsat private scraped through with just 78.9pc of shareholders giving it the green light.

So who was it that voted against the deal completing?

According to one mole, Norges - the Norwegiant investor that owns around 3pc of Inmarsat - voted against approving the Scheme.

There is also talk a well-known British institutional investor also disapproved although it's not clear why...

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Boatman Capital launches fresh tirade on Babcock International

Wednesday, 15 May 2019, 11:23 am

It would appear FTSE 250-listed Babcock International hasn't managed to scare off mysterious research house Boatman Capital.

The anonymous scribbler has just realsed a fresh negative note on Babcock International, arguing the company has to write down Defence Support Group (DSG) subsidiary, which was acquired for £148 million. Below is a link to the Boatman Capital wesbite:

https://theboatmancapital.com/..

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UNCOOKED ALERT: Iofina said to be working on a major equity fundraising - sources

Monday, 13 May 2019, 6:57 pm

Iofina, the Iodine and natural gas exploration company, is said to be working an equity fundraising.

People claiming to be familiar with the matter said Iofina is working on placing and the deal could be "imminent".

One person claimed new shares in Iofina, which today saw its stock jump almost 30pc to 32p, could be issued to investors at around 22p a share.

However, it's not clear how much capital Iodina is looking to raise...

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Tags: Iofina

The Buffett conundrum...- Part 2

Wednesday, 8 May 2019, 9:44 pm

When I'm in the office I often pick up Financial News, a trade rag that many years ago gave little old Betaville one of his first jobs in financial journalism.

So, when I turned to page 3 of the paper I was intrigued to read an editorial by David Wighton, former business editor of The Times, vehemently arguing that companies should jettison ALL corporate jets as they are an "incendiary issue and red rag for customers and employees"...

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Sunday review - United Utilities et al, Shell and BT Group

Sunday, 5 May 2019, 7:20 pm

Hat tip to John "The Ridge" Collingridge, deputy City editor of The Sunday Times, for landing a cracking tale in today's The Sunday Times about Labour's plans to take private/renationalise the country's water companies at a discount.

I can't imagine investors in London's listed water companies (United Utlities, Pennon Group and Severn Trent) are too happy about that! Below is a link to John's scoop:..

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The Buffett conundrum...

Thursday, 2 May 2019, 10:52 am

Betaville has been inundated with phone calls since the venerable Financial Times ran its interview with the Sage of Omaha, in which the octogenarian billionaire investor suggested he is looking at doing a big UK deal. Below is a link to the interview:

https://www.ft.com/content/32676c5c-667e-11e9-9adc-98bf1d35a056

"What's he going to buy,?" asked one veteran investor...

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The Audley...

Tuesday, 30 April 2019, 5:14 pm

Betaville suspects some of his surveyor chums will be somewhat peeved one their favourite watering holes - The Audley in the heart of Mayfair, London - has just been closed down.

The pub was a bit of an oddity given it was one of the last bastions of an "old man's" style pub slap bang in the middle one of the most desireable spots of Mayfair, the upmarket district of London favoured by hedgies, dealmakers and entrepreneurs...

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RARE ALERT: Angus Energy plots multi-million pound equity fundraising

Monday, 29 April 2019, 5:21 pm

Angus Energy, the oil explorer run by the son of Lord Lucan, is working on a plan to raise up to £5 million from equity investors.

People claiming to be familiar with the matter said Angus Energy is looking to raise between £3.5 million and £5 million from investors via a Placing and an Open Offer.

It's believed the new shares will be issued at between 4.5p and 5p, said people claiming to be familiar with the matter...

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[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].