Most of the London market is likely to be transfixed on the Budget...
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 email@example.com.
Regular viewers of my Tip TV slot will know that I have been working on a story involving London-listed Inmarsat, the satellite network operator.
Well, I haven't managed to completely get to the bottom of the story out but I think I am barking up the right tree, so here is the tale.
Well-placed sources tell me Inmarsat has been working furiously hard on an acquisition of a US-based business, with a view to closing a deal in the next few months...
Bernie Ecclestone, the boss of Formula One, has been echoing some of the points I raised on Friday afternoon in the sports sections of The Times and The Sunday Times this weekend. I wonder whether the octogenarian billionaire is a Betaville reader? ..
I hope US readers had a good holiday weekend. Here is a link to today's Tip TV clip, in which I opine on the the wave of consolidation in the US health insurance market.
I'm sure many Betaville readers will be watching British Grand Prix this weekend. So, do get in contact if you happen to spot a representative from any of the potential bidders, such as Qatar Sports Investments, circling Formula One in the VIP boxes. A cheeky photo of the Qataris at Silverstone wouldn't go amiss, too...
Punters outraged after some spreadbetters mark Quindell positions at 30p a share; fears move could trigger share price crash when suspension is lifted
Stock market punters are up in arms after it emerged some of the spreadbetting firms have begun marking positions in embattled Quindell at just 30p a share...
Apologies for the lack of posts in the last 48 hours - I had to attend a few functions yesterday, including the Henley Royal Regatta. It was a fun event although the return train ride in a carriage whose air conditioning had broken down was not particularly pleasurable. ..
Apologies for the delayed Sunday newspaper review Betavillers - I was away this weekend...
Moose (aka Nick Batsford from Tip TV) and I had a good chat this morning. In case you are interested, here is a link to today's clip:
Daniel Stewart's shares crashed around 30pc today to about 2p.
I'm presuming the news regarding Quindell hasn't helped sentiment around the stockbroker (for readers that don't recall, Rob Terry, the former boss of Quindell is one of the stockbroker's largest shareholders).
So, readers might be particularly cynical about this latest tale doing the rounds...
Good to see Imaginatik finally confirm that Rob Terry's investment vehicle now owns 3pc of the company.
The boys over at Tip TV invited me back on the show today to discuss the latest "goings-on" in the UK M&A market.
Here is a link to today's clip:
Remember that little Burmese social media company I wrote about a few weeks ago. If not, here is a link to the piece I wrote on MySQUAR to jolt your memory:
Imaginatik has leapt another 35pc this morning to trade up at almost 8p...
Readers who follow London's micro cap stocks might be wondering why Imaginatik has leapt over 70pc today.
Well, I understand Quob Park Estate - the investment vehicle run by former Quindell boss Rob Terry - has begun building a sizeable stake in Imaginatik, whose market cap stands at almost £5 million.
I had never heard of Imaginatik before but according to the company's Wikipedia entry the business is:..
The venerable Financial Times is now reporting that reinsurance giant Arch is weighing a multi-billion dollar takeover bid for Axis Capital, which is trying to merge with Partners Re as part of a $12 billion deal.
Here is a link:
Readers might recall that Daniel Stewart, the well-known City stockbroker, said yesterday it didn't know what was behind the recent share price gain of almost 50pc in the last week.
However, I have just picked up on the grapevine that Rob Terry - the former boss of Quindell and now one of Daniel Stewart's largest shareholders - was seen at the stockbroker's offices yesterday, having a meeting with chairman Peter Shea.
So, 2 + 2 = 4? Or 2 + 2 = 5?..
Insurer Axis Capital Holdings was in demand during yesterday's trading session in the US.
Axis's shares jumped as much as 6pc before settling a bit to close 4pc higher at around $57.
The talk in the market is Adam McNestrie over at top trade rag The Insurance Insider is onto something with his multiple stories about Arch Capital Group's interest in purchasing Axis, whose market capitalisation currently stands at just under $6 billion...
Shares in Daniel Stewart are sharply up this morning, surging about 12pc at pixel time.
[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].