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Cornhill Capital Fined Over AIM Placing

Cornhill Capital have been fined £210,000 by the London Stock Exchange (LSE) over a placing of shares in New World Oil & Gas on AIM. Cornhill was acting as a broker to the company which planned to place some 2 billion shares. That was twice the number already in issue. Cornhill sold shares to its private clients in advance of the placing with the sales to be fulfilled from the placed shares. But the placing required a vote of shareholders and ...

Technology change impact – Pearson and Royal Mail

I wrote an article for this month’s ShareSoc Informer Newsletter that covered forecasts for the future. One of the aspects covered was the impact of technology on many companies...

Rolls-Royce Bribery Settlement – Questions Worth Asking

On the 17th January aero-engine maker Rolls-Royce announced a settlement with the Serious Fraud Office (SFO), US Department of Justice (DoJ) and Brazilian authorities over past bribery and corruption...

Share Tipsters Poor Performance in 2016

There was an article published on stock screens in the last edition of the ShareSoc Informer Newsletter which has just been issued. It reviewed a number of published screens and the performance overall was poor, mainly because few of them tipped mining or oil sector stocks. So how did the national newspapers share tipsters perform in comparison? Private Eye just published a report on that subject. It said only one national newspaper, the Sunday Times, beat the index with its collective tips. ...

How Bookmakers Lose Money – William Hill

William Hill (WMH) issued a trading statement yesterday (9/1/2017) which was effectively a profit warning. They said margins were hit by "unfavourable football and horseracing results". It is one of the longest standing myths in the gambling world that bookmakers can lose money when the favourite horses romp home, or the heavily backed but unexpected football teams win. My grammar school maths teacher taught me how to construct a "book" 50 years ago, so that by setting the odds on all horses ...