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Blogging and Shorting – Globo and Valeant

An organisation called Quintessential Capital Management (QCM) published a report on the 22nd October on Globo. The next morning the shares were suspended at the request of the company so as to enable them to provide a detailed response but they immediately refuted all the allegations in the report. QCM acknowledged that they are active in short selling and have taken a short position in Globo. They also have links to Simon Cawkwell who was also involved in a similar attack on ...

After the Storm, at the High Pay Centre

I attended a seminar organised by the High Pay Centre last night on the new public company pay regulations introduced two years ago. Speakers were Vince Cable who lead those changes when he was in power, and Ben Chu of The Independent, with the former promoting his new book "After the Storm". Vince covered some past history and his current concerns. That included a comment that interest rates were now lower than they had ever been before - indeed since Babylonian times ...

IPOs – Worldpay, Equiniti and McCarthy & Stone

The writer has been wading through the 300 odd pages of the prospectuses for Worldpay (already listed), and Equiniti (due to list on the 30th October). The latter will be available to retail investors via certain stockbrokers if you fancy a punt, although you'll be taking the price that institutional investors decide to pay. In addition McCarthy & Stone are lining up to float. I have already written a rather long article for the next ShareSoc Informer newsletter on these three companies ...

Possible Volkswagen Legal Action

The following note has been issued by Better Finance (a European Association of private investor groups of which ShareSoc is a member). It is self explanatory. Dear Members, In September, Volkswagen admitted that an estimated 11 million cars worldwide were involved in the falsified emission reports. Reports have emerged that Volkswagen’s top management had been aware of the deception since before the official ad-hoc announcement. Representing VW shareholders, the German investor association DSW, a member organisation of Better Finance, is examining the possibility ...

Future ShareSoc Events – London and Manchester

ShareSoc has two Growth Company Seminars coming up in the next couple of weeks. On the 21st October we have Sphere Medical, Sprue Aegis, EG Solutions and Venture Life presenting in the City of London and on the 28th October we have Safestyle, Redx Pharma and Tracsis presenting in Altrincham near Manchester. These are all interesting small cap companies and this is a great opportunity to ask questions of the management of these companies and meet other investors. In the latter ...