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.

RARE ALERT: Cabot Energy said to be working multi-million pound placing

Tuesday, 5 December 2017, 12:17 pm

Aim-listed oil and gas company Cabot Energy is working on a a multi-million pound equity fundraising.

According to sources claiming to be familiar with the matter, Cabot Energy is looking to raise up to £15 million via a placing.

However, it's not clear what price the new shares will be issued at. Sources also said it's unclear what the fresh capital is for.

Cabot Energy's main asset is an onshore light oil production project in Canada, according to its website...

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The activist, the Evening Standard columnist and the top of the market...

Friday, 1 December 2017, 6:41 pm

It's been ten years since Sir Christopher Hohn (then just Chris Hohn) launched a viscious activist campaign against ABN Amro by calling for the dismissal of its chief executive and a sale of the business. That move ultimately led to takeover approaches from Barclays and Royal Bank of Scotland. And we all know what happened next.....

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RARE ALERT: Reach 4 Entertainment said to be working on multi-million pound equity fundraising

Wednesday, 29 November 2017, 12:27 pm

Aim-listed Reach 4 Entertainment is said to be looking to raise up to £5 million of fresh equity from investors.

Reach 4 Entertainment - which specialises in entertainment and brand building for theatrical, film and live entertainment - and its advisers are working on an equity placing and deal could be announced imminently.

However, it's not clear what price new shares will be issued at but some sources said it could be at a discount to the current share price...

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Betaville Intelligence

RARE ALERT: Revolution Bars Group said to ... part 2

Tuesday, 28 November 2017, 10:41 am

Nightclub operator Deltic is laying the groundwork for fresh merger proposal with Revolution Bars Group by secretly buying a stake of around 3pc in the bar company.

According to sources claiming to be familiar with the matter, Deltic has been buying shares in Revolution since the beginning of this week and could announce the purchase of a 3pc stake prior to the Annual General Meeting...

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Is the tide turning for Odey the Brexiteer? - part 27

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:..

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Chinese circle Fingerprint Cards - the series returns...

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:..

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Another day, another confirmation... - part 2

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:..

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Flag pole alert - the series is back

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...

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The banker, the dealmaker and the lunch at Moro...

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:..

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Tags: Moro
Betaville Intelligence

RARE ALERT: 21st Century Fox said to have drawn a second bidder for assets - part 2

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:..

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RARE ALERT: Mayan Energy said to be carrying fresh £2 million equity fundraising

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...

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Osborne rekindles ITV bid rumour...

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:..

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English on Cayman...

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...

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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].