by Cliff Weight, ShareSoc Director
Please note the views expressed in this blog are my personal ones. I hold shares in SEC and Gresham House.
Within 6 months of manager change and change of lead fund manager and break on SLA marketing JV, the largest shareholder puts stock into hands of an arb. What will happen next?
The background is in my 2 previous blogs:
RIT recently sold its 13% holding in SEC at a discount, of 22.8% - 9.47m shares traded at 202.5p on17th ...
19.25% of votes cast were against the continuation of SEC, 13.8% and 12.9% respectively were against the reappointments of SEC Chairman Richard Hills and Richard Locke as director.
The RNS announced but did not mention the actual votes cast.
Strategic Equity Capital PLC announces that at the Annual General Meeting held on 11 November 2020 all 14 resolutions proposed were duly passed.
Although the ordinary resolution for the continuation of the Company was passed comfortably, the Directors are cognisant of the fact that ...
In this article, I argue that discounts are bad for those invested in a trust, and the Board of the investment trust should look to reduce any discount. However, for those thinking of investing in the trust the discount might be an opportunity. The question is, how real is that opportunity or is it just a 'value trap'?
We look at why discounts can arise and the measures that can be taken to eliminate them or even move the trust to a ...
A second Broker that has been fined by the Securities and Exchange Commission for years of committing ADR Securities Violations.
This is yet another example of the unacceptable behaviour and bad culture that has pervaded far too many financial services organisations (and arguably still does). In this case Banca IMI Securities Corp issued ADRs even though it did not own the underlying shares. This made it possible for such ADRs to be used for inappropriate short selling or inappropriate profiting around dividend ...