Plus Markets Group Share Discussion Threads

[squirrel888] 14/11/2012 16:58

pr100 - to answer your question I am an investor here. A shareholder for the last few years. When AD came on to the scene I was MORE confident about the future of PMK as an exchange. What am I still doing here? - sitting on considerable losses and I refuse to sell any shares until at least resolution and some sort of re-vamp of PMK. I have never shorted or spreadbet, although I have been approached by Garvan to do so & declined their "advisory business". I have bought, held and sold shares for over 20 years. Rarely trading short term.

I hope to see something in return for what has been a complete and utter disaster. I think there are plenty culpable for the destruction of not only a company, three parts of a company (or so it appeared) but an actual exchange on the LSE. An exchange which housed many other businesses - small and medium sized businesses which David Cameron said were important to the future of the UK. It beggars belief that the SFO and FSA have not investigated. Low and behold David Cameron's "friend" apparantly rides in to the rescue and as Harry has highlighted time and time again - in a somewhat dubious way.

PR100 - you sir - are not open at all, nor do you bring any decent contribution here. I've read all your posts.

If Simon Chapman is buying to average down - no problem but why not say so if asked - what's to hide? Unless he is loaning out his shares or balancing his books after loaning out shares for shorting?

Perhaps if Bruce Rowan were asked the same question, his answer might be "as an investment". Maybe he will be asked that question.

Harry - who knows who Stockman123 is - he certainly didn't post anything of substance as far as I can see.

Your takeover links will take more time to study but maybe Hamish and Donald are looking at these or have already done so.

One thing for sure - this whole issue is not going to go away....too many shareholders who are well and truly jarred off with the whole thing.

[harry f] 14/11/2012 14:56

getting back to basics here i think it's a good idea to ascertain what legally provable grounds we have. after all along with the other arguments i feel the defining success will be based on the legal framework.

just looking at the companies act, to be honest in finding it hard to work out what their on about but 2 sections in particular grab my attention, these are:

chapter 3: division s919 - s934 (relating to the ts asset transfers?), and

takeover panel: s942 - s992. (relates to the fsp)




and this is helpful too to search applicable caselaw:




what im wondering is it was obviously in the best interests of forum not to have ts in the fsp at the time the change of status (icap contract) occurred because they were in effect the only bidders for ts as the fsp was closed and status enhanced. but i dont think this necessarily explains why icap made their bid post fsp, because what they could have done is accepted the icap bid and then closed the fsp?

i think it would be naive to assume that icap turned up the day the fsp closed.

therefore under the agreement which was made was there something in the takeover code s942 - s992 which prevented icap from making a bid during the fsp when the takeover code was in force and subsequently was "lifted" later.

[nitaroo] 14/11/2012 12:40

"...tell me who this person is..."
A person who made sense!
Very unusual.

[harry f] 14/11/2012 10:20

a few comments regarding the icap financials. it does appear grim from their side with revenue falling 14% and the cost savings of £50m in 2012 however they are profiled cannot offset this. emea global broking appears to be the most troublesome arm, constituting approx 1/3 of revenue but over half of the fall in operating profit.

despite the business shrinking the share price hasn't fallen by the amount I would expect. i presume this is because the news was anticipated (numis reiterated 315p earlier), and the dividend has increased and looks like being 7%-8% of the prevailing share price in the current year. still a risk at this price imo.

one thing that especially stood out for me was section 6 and the reduction in tax payable which is significant and not explained by the minimal reduction in tax rates. there is a lot of consolidation going on so it's hard to isolate elements and i wont go into detail. i just wonder if the tax credits they took with them are already usable against similar lines of business within icap? on balance i probably don't think this is possible but will not rule it out.

the ts contract as i expected is still not disclosed but i suppose that's not a bad thing, and tells me it's sensitive. i find it amazing that the sx acquistion was well publicised everybody was more than happy to mention the £1, and the extra £500k, but yet to this day we still don't know the largest consideration value of all. our new directors should know anyway and i expect this to be disclosed in time so will not take it any further apart from quickly reiterating a post from a few months back....

as the contract is for 9 months and I expect the monthly value to end in '000, resulting in a 9 month value ending in '000. the consideration payable to shareholders is 281,250 so I believe this is after division by a multiple of 4. from the alternatives i can't see it being anything less than:

9*£125k = £1.125m (with 25% payable to shareholders)

i expect this is the minimum needed to cover the fixed costs, etc, that forum acquired.

my favourite is still: 9*£250k = £2.25m (with 12.5% payable to shareholders)

either way there both big values and higher than what has been disclosed.

[pr100] 14/11/2012 09:35

squirrel, last post from me as you have flagged up another misguided red herring. Richard was long PMK and the collapse of Worldspreads did him a big favour as he eventually got his PMK money out as it stood at the time of the collapse, i.e. over 1p per share.

Your mindset is strange. As if we didn't have enough easily identifiable people to blame for the collapse, you seem besotted with fellow shareholders who dare to buy more shares.

Perhaps you should come clean about the reasons for your obsession - because the 'evidence' you have offered thus far doesn't seem to amount to anything...

Meanwhile, I also hope that the authorities are investigating the actions of the former Plus directors. But not if it results in a punishment/fine of the corporate entity which we own.

[squirrel888] 14/11/2012 09:05

Didn't think you would answer the question. Your association with Richard is also amongst my research.

I think the most important thing here is that when those who have profited from the destruction of a company, by shorting, are outed - then it will be up to the genuine shareholders to decide who is who.

Having read through most of your posts I can safely say you are a slippery character who seems to have interest in only two shares here. You refer more than once to Richard who I take it lost out through the collapse of Worldspreads.

Perhaps old news for some here BUT you are still here - buying shares in PMK.

Both your replies show that I have hit on the truth and your posts are weak and still you do not answer the question.

Interesting to note there will be a new Head at the SFO and major shake up. Let's see what they make of things in due course.

[pr100] 14/11/2012 08:17

squirrel, ISTR that the last time I joined your discussion here you descended into a similarly misguided Gestapo-like interrogation, which I don't take kindly to so I will leave you to get on with your theories in peace. I hope I have at least saved you from wasting more time on the tax credit issue and I had hoped to steer you in the right direction on Chapman too. What I find difficult to understand is why you don't speak to him if you are so diligent in your research...but I get the impression that you would rather be left alone to your delusions/paranoia. Apologies for any logic or sanity I may have hindered you with and I wish you - and others - long overdue success with your investment here.

[squirrel888] 14/11/2012 07:59

Morning O/T,

Don't you worry yourself about me getting slagged off - I can look after myself. I'm sure my curiousity will be answered in due course. These BB's are for discussion, probing, debating. Clarity is all I'm after.

Interesting para

"Importantly we have seen a very significant increase in activity on our i-Swap Euro platform as the dealers prepare for the new regulatory environment with an eight fold increase in monthly volumes since the summer low point. We intend to launch in US dollars in early 2013. We also recently launched ISDX, The ICAP Securities and Derivatives Exchange (formerly Plus Stock Exchange). Likewise the improvements in our electronic platforms and post trade services are bearing more fruit. We have seen an increase in BrokerTec's market share since the major technology upgrade earlier this year. And although it is still early days, we are pleased that the changes we have recently made at EBS have been well received by our customers. Our post trade businesses continue to grow as we help our customers reduce risk and costs.

"In the very short term we are not anticipating any rapid improvement across our markets. However over the past several years we have carefully formulated and invested in our strategy for dealing with the implications of financial regulatory reform which we believe will be significant. As these results confirm, ICAP has successfully reengineered itself towards electronic transaction and post trade services which we believe puts us in a very good position when markets do improve.

MORE interesting is the increase in profits due to electronic business - 67%

"Electronic, post trade risk and information contributed 67% of operating profit"

Looks to me that without the electronic business ICAP is in trouble.

[old thumper] 14/11/2012 07:48

Morning all,

Please don't drag this BB into the way all others go. Only the other day I took the opposite view on another BB :-) and just got slagged off mainly because no one had a valid counter argument.


The focus here should be next Wednesday and how to bring down the old board. Icap seem to be doing our job by themself's,

[squirrel888] 14/11/2012 07:36

Morning Simon,

It's a really simple question - why are you buying so many PMK shares? You are now a major shareholder so your head is above the parapit. Your post above says plenty for me. You have used half your email address as your ID. What is your interest here?

I'm a long term shareholder who takes a very deep interest in my investments. I am also not the first shareholder to notice you - other boards have mentioned you.

Don't worry about the rest of my research - just answer a simple question please.

[pr100] 13/11/2012 22:35

OK, so it's an open discussion group for LinkedIn entrepreneurs sponsored/hosted by Forrest Equity which our man looks to have subscribed to. But it still looks like a tenuous connection to me. There is nothing there to indicate that he has even joined in a discussion let alone forged some sinister business arrangement with this Polish/Dubian/Singaporean enterprise - nor is there any PMK connection AFAICT (and if there were, what's the worst case scenario?).

Sorry, but it doesn't look to me like anything of relevance or interest - unless you have any other evidence of skulduggery. And even if there were evidence of some formal business relationship between them, I still wouldn't see it as relevant.

Seems to me that you are trying to stir something up out of nothing.

[squirrel888] 13/11/2012 20:51

Good Night and sweet dreams.

[squirrel888] 13/11/2012 20:49

the logo is the same for FEM as "Private Equity Venture Capital Group" = same company.

Keep digging on your own now. Take a look at the people inside FEM. Read the Mission Statement.

Simon is connected & incidentally is a PR man.

If you are Simon - you could have thought of a better ID.

You know a persona by their associations - simple.

[pr100] 13/11/2012 20:41

squirrel, you're talking about a LinkedIn group for entrepreneurs - of which there are many. How do you make the leap to Forrest Global - or are they just one of the many featured in the Private Equity Venture Capital Group?

[squirrel888] 13/11/2012 20:33

pr100 - read the whole page on the first link.

Then follow the dots.

It IS the same simon chapman as ours. The Telephone number gives him away.........

Keep digging!

If you are in PR - you are rubbish! btw. Most decent PR peeps know their research inside out & pay attention to detail. You are obviously an apprentice.

[pr100] 13/11/2012 20:25

Subliminal faux pas!! Apologies squirrel for getting your name wrong.

[pr100] 13/11/2012 20:24

quarrel, maybe I'm being dense but I can't see where you have found the connection between Chapman - if this is the right Chapman - and the venture capital outfit. Where exactly did you see their name?

[harry f] 13/11/2012 19:31

just one thing folks, icap interims tomorrow where me might (but for obvious reasons) probably wont find out the ts - icap contract value.

my money says.

over £1mill - 95% chance, under 5% chance.

£1.125m - 30% chance
£2.25m - 50% chance
£4.5m - 10% chance
any other value 10% chance

[squirrel888] 13/11/2012 18:15

I'll leave you to have a think and look at it Harry. Any other shareholders can do the same. It's not a waste of my time - not at all.

I'd be a fool not to ask or find out who major shareholder are here.

You carry on chasing ghosts - try India.

[harry f] 13/11/2012 18:09

i dunno why you waste your time squirrel, i really dont.

you know that new job you were on about? is it at icap?

[squirrel888] 13/11/2012 18:00

Harry - you seem to be happy that a major shareholder met with Theret in a closed meeting. Fine. I am not. I don't really care about what you think of whether I have brought anything to the table or not. You went on and on and on about what you thought the PMK businesses were worth way before the break up so why do that? sorry but something doesn't ring true here. You attended the AGM and thought you overhead the words "illegal activity". It is you who is not being open Harry....sorry if you don't see that. You could be anyone - a major shareholder or even a director?

I shall start posting my research about Simon here and now then.

Let's start asking some deep questions and also start an investigation in to the shorting of stocks via Dubai shall we?

You defend this guy too much.

He's a major shareholder and as such I am looking as to why?

We know who Bruce Rowan is - its there for all to see.
We know who Close Brothers and Winterfloods are - easy.
We know who AD are - again easy.
WHO is Simon Chapman and why does he keep buying to the point of now being a major shareholder? I just want clarity on this - doesn't anyone else who is invested here?