Tuesday, 7 July 2015

RARE ALERT: Inmarsat said to be working on US takeover deal

Regular viewers of my Tip TV slot will know that I have been working on a story involving London-listed Inmarsat, the satellite network operator.

Well, I haven't managed to completely get to the bottom of the story out but I think I am barking up the right tree, so here is the tale.

Well-placed sources tell me Inmarsat has been working furiously hard on an acquisition of a US-based business, with a view to closing a deal in the next few months.

Don't, though, get too excited - I understand that Inmarsat's takeover target is a private company.

Now, to be clear I have no idea which company Inmarsat is in talks to buy.

However, I guess one potential target could be LightSquared, the wireless telecoms company that is emerging from bankruptcy. Here is a link to a Wall Street Journal piece on the current situation with LightSquared:

http://www.wsj.com/articles/judge-approves-lightsquareds-restructuring-proposal-1427398643

Inmarsat and LightSquared have history: when billionaire hedge fund manager Phil Falcone started up LightSquared during the credit boom he built up a stake in Inmarsat via his fund, Harbinger, and made an approach for the London-listed company in 2008.

Inmarsat then developed a partnership with LightSquared although it was suspended two years ago after the US company filed for bankruptcy protection.

This story has been tagged as RARE. For readers unfamiliar with the RARE concept, the definition is below:

Market gossip that hasn't been tested through formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop but then again there may be something in it, so it's worth airing on Betaville.

Monday, 6 July 2015

Commentariat raise doubts over Formula One "vanity buyers" - part 2

Bernie Ecclestone, the boss of Formula One, has been echoing some of the points I raised on Friday afternoon in the sports sections of The Times and The Sunday Times this weekend. I wonder whether the octogenarian billionaire is a Betaville reader?  

Back on Tip TV talking about WellCare Health Plans Inc, BG Group and Inmarsat

I hope US readers had a good holiday weekend. Here is a link to today's Tip TV clip, in which I opine on the the wave of consolidation in the US health insurance market.

http://www.tiptv.co.uk/archives/ma-weekly-update-with-ben-harrington/

Friday, 3 July 2015

Commentariat raise doubts over Formula One "vanity buyers"

I'm sure many Betaville readers will be watching British Grand Prix this weekend. So, do get in contact if you happen to spot a representative from any of the potential bidders, such as Qatar Sports Investments, circling Formula One in the VIP boxes. A cheeky photo of the Qataris at Silverstone wouldn't go amiss, too.

Or, perhaps the Qataris won't turn up after being outed in the Financial Times last week as potential suitor for Formula One by teaming up with American sports and property tycoon Stephen Ross, owner of the Miami Dolphins? The Qataris and Ross were reported to be willing to pay between $7billion and $8 billion for Formula One.

Punters outraged after some spreadbetters mark Quindell positions at 30p a share; fears move could trigger share price crash when suspension is lifted - part 2

Following my last post, Jonathan Hufford, the MD of Spreadex, has been in touch to explain why the spreadbetting firm has had to mark positions in Quindell at 30p.

Hufford, who I have to say seems like a reasonable chap, explained that his clearing bank, Commerzbank, had marked Quindell stock at 0p.

Punters outraged after some spreadbetters mark Quindell positions at 30p a share; fears move could trigger share price crash when suspension is lifted

Stock market punters are up in arms after it emerged some of the spreadbetting firms have begun marking positions in embattled Quindell at just 30p a share.

For readers that don't recall, Aim-listed Quindell has had it shares suspended after the Financial Conduct Authority decided to investigate the company's accounts between 2013 and 2014.

Thursday, 2 July 2015

Enders predicts Murdoch may bid for Sky, again...

Apologies for the lack of posts in the last 48 hours - I had to attend a few functions yesterday, including the Henley Royal Regatta. It was a fun event although the return train ride in a carriage whose air conditioning had broken down was not particularly pleasurable.

Anyway, I see that while I took a day off to enjoy a quintessentially British day out in Sahara-like conditions Enders Analysis, founded by Claire Enders, has been talking up the prospects of Rupert Murdoch's 21st Century Fox having another crack at Sky.

Tuesday, 30 June 2015

Sunday review on a Tuesday

Apologies for the delayed Sunday newspaper review Betavillers - I was away this weekend.

Anyway, I see that The Sunday Times business section was once again packed with several juicy deal-related scoops, including Oliver Shah's piece on Grainger and Crystal Amber, which was confirmed yesterday by the property company.

Monday, 29 June 2015

Back on Tip TV talking about Grainger, Sky and Severn Trent

Moose (aka Nick Batsford from Tip TV) and I had a good chat this morning. In case you are interested, here is a link to today's clip:

http://www.tiptv.co.uk/archives/ma-weekly-update-2/

Thursday, 25 June 2015

RARE ALERT: Daniel Stewart said to be close to raising £1 million via equity placing - part 2

I'm glad to see Daniel Stewart confirm my tale from last night. In case you had missed it, I have pasted the announcement from the stockbroker below.

Daniel Stewart Secs

Subscription to raise £1.2million

RNS Number : 2020R
Daniel Stewart Securities PLC
25 June 2015

Wednesday, 24 June 2015

RARE ALERT: Daniel Stewart said to be close to raising £1 million via equity placing

Daniel Stewart's shares crashed around 30pc today to about 2p.

I'm presuming the news regarding Quindell hasn't helped sentiment around the stockbroker (for readers that don't recall, Rob Terry, the former boss of Quindell is one of the stockbroker's largest shareholders).

Tuesday, 23 June 2015

Here is another surprise - Rob Terry buys stake in Imaginatik - part 3

Good to see Imaginatik finally confirm that Rob Terry's investment vehicle now owns 3pc of the company.

Readers might recall I revealed last Friday that Quob Park Estate had been building a shareholding in Imaginatik.

Back on Tip TV talking about Ladbrokes, Severn Trent and Imaginatik

The boys over at Tip TV invited me back on the show today to discuss the latest "goings-on" in the UK M&A market.

Here is a link to today's clip:

Burmese Business - part 2

Remember that little Burmese social media company I wrote about a few weeks ago. If not, here is a link to the piece I wrote on MySQUAR to jolt your memory:

Monday, 22 June 2015

Here is another surprise - Rob Terry buys stake in Imaginatik - part 2

Imaginatik has leapt another 35pc this morning to trade up at almost 8p.

Here is what the company said this morning following my story from last week:

Friday, 19 June 2015

Here is another surprise - Rob Terry buys stake in Imaginatik

Readers who follow London's micro cap stocks might be wondering why Imaginatik has leapt over 70pc today.

Well, I understand Quob Park Estate - the investment vehicle run by former Quindell boss Rob Terry - has begun building a sizeable stake in Imaginatik, whose market cap stands at almost £5 million.

Thursday, 18 June 2015

What's on the radar? - part 3

The venerable Financial Times is now reporting that reinsurance giant Arch is weighing a multi-billion dollar takeover bid for Axis Capital, which is trying to merge with Partners Re as part of a $12 billion deal.

Wednesday, 17 June 2015

Now this is a surprise - Rob Terry buys massive stake in Daniel Stewart - part 5

Readers might recall that Daniel Stewart, the well-known City stockbroker, said yesterday it didn't know what was behind the recent share price gain of almost 50pc in the last week.

However, I have just picked up on the grapevine that Rob Terry - the former boss of Quindell and now one of Daniel Stewart's largest shareholders - was seen at the stockbroker's offices yesterday, having a meeting with chairman Peter Shea.

What's on the radar? - part 2

Insurer Axis Capital Holdings was in demand during yesterday's trading session in the US.

Axis's shares jumped as much as 6pc before settling a bit to close 4pc higher at around $57.

Tuesday, 16 June 2015

Now this is a surprise - Rob Terry buys massive stake in Daniel Stewart - part 4

Shares in Daniel Stewart are sharply up this morning, surging about 12pc at pixel time.

However, nobody appears to know why the stockbroker's stock is in such demand, including the company itself.