Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In today's tetchy podcast I touch again on Insetco, on Quindell and then move onto Coms, Stanley Gibbons, Motive TV and Daniel Stewart
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Comments
Jeremy
For the record.Insetco’s Ivan Couchman was previously Chairman & CEO of Corporate Resolve Plc which had problems with the takeover panel re its takeover of Focus Dynamics Plc in around 1998.A report was published.Of topical interest Corporate Resolve was advised by Aiden Earley’s company AIFEX and controlled and financed by a Swiss outfit called First Capital Securities which had close connections to Craig Whyte.
Lord Lucan
Evil gone long on Quenron (QPP) he posted so on his blog and was topic of some discussion on the LSE board today. Waseem closed short on Monday – too soon by his own admission. but not gone long – AFAIK he would have posted on the fool website and/or tweeted if he went long..
On Daniel Stewart (DAN), there were wild swings in SP yesterday. high of above 2.6p and a low of under 0.8p. today’s close 1.35p. I’m not sure why RT with his now tarnished past would be getting involved with a nomad. i believe he may be driven more by power than money. watching a video of Crazy Eddie CFO Sam Antar he said fraudsters (make your own mind up as to whether RT falls in the camp) are not always driven by money but ego also. May explain why RT sold QPP shares in 40s.
have a good easter break all.
Lord Lucan
update: just checking my twitter feeds this evening and it appears Paul Scott has had a re-think and sold his long on QPP – not enough clarity on value of remaining business. I was of the same mind but apart from a value perspective i see other reasons to hold. namely a possible counter offer (unlikely), offers for other parts of the business and the likelyhood of shorts closing before the AGM on Friday 17th – only 8 trading days away.
turbograndad
Jeremy
Indeed, the same old names keep popping up, birds of a feather and all, just checked on google.