Here a link to today's Tip TV clip...
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. 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.
Here's an interesting snippet regarding a takeover situation I wrote about for the Mail on Sunday in August...
Kleinman has just unearthed an interesting tale about China Media Capital pursuing an $8.5 billion takeover of Formula One from CVC Capital Partners.
Here is a link to his jackanory: http://news.sky.com/story/1570686/chinese-eye-biggest-f1-stake-in-8-5bn-bid..
So, the Qataris have raised almost a EURO 1 billion in the last week by selling stakes in European construction companies Vinci and Hochtief.
This begs the question: why is the sovereign wealth fund selling given it has been a buyer of European assets in recent years?
The Times reported last week that the Qatar Investment Authority is looking to shift its focus away from Europe to the US. Here is a link to that piece:..
I'm a little surprised SAB Miller rolled over and accepted a £44.00 a share takeover from Anheuser-Busch Inbev.
I thought the FTSE 100 beer company would hold out for between £45.00 to £50.00 a share.....
The Qataris sold a slug of French construction company Vinci last week...
Woodford said to be increasing his stake in Allied Minds; squeaky bum time for short sellers? - part 2
I'm glad to see that little old Betaville's story from last Friday about Neil Woodford increasing his stake in Allied Minds has been confirmed on the regulatory news service this afternoon.
Indeed, it would appear Woodford Investment Management, Woodford's new firm, has taken its stake in FTSE 250-listed Allied Minds from 23pc to just over 27pc.
So, here is a link to today's statement from Allied Minds about the stake building:..
Here is an interesting tale about Allied Minds, a UK-listed business that recently came under attack from short sellers Kerrisdale Capital, a New York-based hedge fund.
In case you don't remember the back story, have a look at this FT Alphaville article:
Anheuser-Busch Inbev's latest press release made me chuckle.
Why? Well, back in February when I wrote in the Mail on Sunday that 3G and ABI were looking at SAB Miller I was told the boys from Brazil were weighing making an approach pitched at £45.00 a share but had the firepower to go all the way up to £50.00 a share. And back then SAB Miller's shares were trading around the £36.00 level. Here is a link to that piece:
The Daily Telegraph's Alex cartoon made me laugh this morning. It's also spot on (as in factually accurate).
I can't quite find the link to today's section but if you have a spare moment during lunch, it's well worth reading...
The Times business section also thinks there is something afoot with the Qatar sovereign wealth fund and published an excellent double page spread in today's section.
In case you missed it, here is a link:
I realise the "big" news this morning is the decision by Anheuser-Busch Inbev to announce its £42.15 a share/£68 billion offer for SAB Miller to the London market.
But I would just like to point out that another one of little old Betaville's scoopettes has finally been been confirmed - only it slipped under the radar as I never received the formal press release (not sure why, perhaps LDC's PR advisers don't like me very much).
Readers probably don't recall that almost exactly a year ago I wrote this article:
This evening it emerged Qatar is selling 1.1pc of French construction company Vinci to raise around EURO 380 million - and the move is causing quite the frisson in London markets...
Back on Tip TV talking about Glencore, Imperial Tobacco, Radius Health, Imagination Technology and Eros International
Moose and Zak decided to get together to take me on this morning. Here is a link to today's show:
The Lloyds versus John Argent tribunal that was due to start this morning has been scrapped, according to my court mole...
The papers couldn't get enough of Glencore this weekend. No surprise, I guess, given the commodity group's travails last week...
Are Britain's banks past the the worst of their fines and punishments following the financial crisis?
Well, it would appear so, according to Dutch information provider Wolters Kluwer.
Back in the real world, though, there are a whole spate of legal events related to British banks coming up over the next few weeks...
It struck me this morning while reading the The Times that it really is an excellent publication packed full of interesting jackanories...
[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].