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Market Manipulation? The Burford Case

Post Date: April 12, 2020

In this article from October last year, ShareSoc director Paul de Gruchy sets out the allegations Burford has made about manipulation of its shares, during a "shorting attack". Many ShareSoc members are concerned that the FCA is not adequately enforcing the market abuse regime, which is intended to deter market manipulation (whether long or short). Burford's case has now reached a critical juncture. Burford have asked the court for a "Norwich Pharmacal Order", to compel the LSE to disclose the identity of traders ...

Taking Cash From ISAs and IHT Reclaims

Post Date: April 8, 2020

If like me you have been selling shares in your ISA during the market crash, you may now have a lot of cash sitting idle in your ISA. Most brokers pay no interest to you on it but prefer to collect it themselves. But now we are into the new tax year, there is a solution to this. Take the cash out and put it on deposit into a high interest current account. You will get over 1% interest. You can put ...

Fund Raises – Why and How Retail Shareholders Should be Included.

Post Date: April 7, 2020

We remain absolutely focused on making sure retail investors have fair access to fund raisings. This is important, now more than ever, as many companies plan to return to the equity markets to shore up balance sheets and reposition for the future. I would not like to see the current circumstances become an excuse for extracting value from minority and small shareholders. Marcus Stuttard, Head of UK Primary Markets, London Stock Exchange is very clear: “Retail or individual investor participation, is really ...

Coronavirus Considerations

Post Date: April 6, 2020

The COVID-19 pandemic has curtailed ShareSoc’s events programme for now, but we have been busy in other areas and are very pleased to present a major website upgrade, the...

Leaders Need to Set an Example Over Pay

Post Date: April 2, 2020

The Daily Mail ran an excellent story on bankers pay and dividends, see https://www.thisismoney.co.uk/money/markets/article-8177511/Now-bonuses-bankers-told-Industry-fire-pay.html They rang me about it and ShareSoc got a name check - Cliff Weight, director of shareholder organisation Sharesoc, said: 'The regulator is not being strong enough here. A lot of bonuses are now paid out in shares and the regulator has said nothing about that.' None of Britain's major banks has yet confirmed how they will ensure executive pay appropriately reflects the pressures the industry is under. Many ...