It might be extremely cold (it was snowing in London earlier today) but Betaville is in a particularly good mood as several of this website's scoopettes have been confirmed this week...
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.
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...
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...
The arguing over who owes what from the sad demise of BHS has died down since late August.
In part, that's because Sir Philip Green's Arcadia retail empire relinquished a claim on the assets of the department store so FRP Advisory, which is handling the liquidiation of BHS, could hand back £30 million to other creditors...
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:..
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:..
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:..
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...
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:
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:..
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:..
Oh look - Mayan Energy has confirmed Betaville's scoopette from last night. I have pasted the link below in case you missed it!
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...
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:..
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...
Below is a link to Andrew Lynch's Prufrock column in The Sunday Times business section.
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...
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...
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...
[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].