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Tweeting False Information is a Crime

Yes tweeting false information is a crime, at least in the USA. Scottish trader James Craig has been charged by US prosecutors with fraud after he set up two twitter accounts and distributed false information on US firms Audience and Sarepta. This caused the share prices of those companies to fall by 28% and 16% and caused investors to lose over £1 million. Mr Craig has now disappeared. Mr Craig used Twitter account names that were similar to those of Muddy Waters ...

UK Population Growth – The Implications for Investors

A few days ago, the Office for National Statistics (ONS) published their projections for UK population numbers. The projected changes have really important implications for stock market investors. The ONS forecast that residents will grow to 70 million in the next 12 years from 65 million at present (that's an increase equivalent to the size of the Irish Republic). The increase is primarily being driven by immigration and a lot of the rise is expected to be in the South-East of ...

Globo In Administration

There has been a further announcement by the company today which stated that administrators have been appointed "by order of the court". The administrators are FTI Consulting LLP and they say "Our focus is to undertake an immediate assessment of the Group in order to evaluate any opportunities to realise value from the various businesses.  We will also be looking to gain control of the books and records in order to be in a position to undertake a full investigation.  These steps ...

Alliance Trust Investor Forum Report

Yesterday I attended the Investor Forum held by Alliance Trust in London. There were about 350 attendees with the usual audience of investment trust shareholders, many of whom had held the shares for a very long time from talking to a few of them. I pick out below some of the highlights (a full report of the meeting will be distributed to those who have registered for the Alliance Trust Shareholder Action Group (ATSAG - see https://www.sharesoc.org/alliance.html ). Chairperson Karin Forseke covered ...

Identity Theft – Experian, TalkTalk and Optimal Payments

There have been a spate of cases of digital identity theft or breaches of security from UK listed companies of late. Their shares prices have all been affected to a greater or lesser extent. On the 2nd October, Experian (EXPN) reported that 15 million US consumers who had applied for T-Mobile services had been the subject of theft of their personal information. T-Mobile is reviewing its relationship with the company, but the share price only suffered a temporary setback even though the ...