Plus Markets Group Share Discussion Threads

[joeblogg2] 16/11/2012 12:35

news next week 21st for Gen. meeting. Lets hope they have some solid company set up to reverse into or invest?

[daytraders] 16/11/2012 12:31

any news coming today ?

[34simon] 16/11/2012 11:32

All I know the longer the flatline the more chance there is of a spike if the crowd start to chase it, did you notice the bid today before any trades, 0.17p then 0.18p then 0.19p, maybe trying to fill a Chapman order today.

[harry f] 16/11/2012 11:27

250k buy, 500k sell atm.

if my memory serves me right before the chapman trades disclosed last week they moved the price down beforehand, not up.

[risk1] 16/11/2012 11:26

Is there any volume?

[34simon] 16/11/2012 11:21

I know, hoping my 0.27p purchases ages ago might get into profit, we can live in hope :-))

[harry f] 16/11/2012 11:20

its been in the 0.16 - 0.22 range for about 3 months now. somedays they move it up, others down.

[34simon] 16/11/2012 11:11

Hello, threatening to break out of that 0.15-0.2p trading range.

[squirrel888] 16/11/2012 08:40

More will come out. Keep it going ...........

We just need a whistleblower or two. We need the vampires to start fighting amongst themselves and they will. As they realise there is no one to trust - not even the so called friends they thought they had "int city".

Time will out those that need to be outed.

13000 jobs in the city to go next year....where to? Dubai is pretty packed now, HK have been pairing back, USA is broke so NY is out of the question.

The internet isn't safe so I see a chapter of the great fall of SB & CFD firms - it will be on a par with the Berlin Wall - finally freedom might be had for a while when it happens.

Have a nice day.

[harry f] 15/11/2012 21:37

yeah pjw, just a few names really nobody who rings any bells.

pmsl

[smurfyx] 15/11/2012 21:15

ah ok, well chart looks good to me shaping up well since Bruce Rowan has bought, every one to their own opinion!

[squirrel888] 15/11/2012 20:53

pjw,

Your research shows clearly to me that there must have been leaks from within PMK AND ICAP and who knows who else too. This has been a flimsy affair if ever there was one. Heads must roll - not just the departed BoD but every single person who KNEW there was a deal to be done - how ever far in to the future they knew about it. If Chapman met with Theret then how do we know who else knew people inside ICAP or for that matter other "brokers". WHO inside PMK's businesses knew people outside of PMK that had knowledge of what PMK were nurturing by way of their TS platform, because I believe that in business this is called "corporate espionage" - to spill the beans on what your own company is doing OUTSIDE the company is an offence that is rewarded with instant dismissal. However - anyone who has taken part in such acts should be outed, afterall, they are hardly safe employees wherever they go - are they?

Add to that the various vultures circling and taking advantage and perhaps they will have a bad meal and suffer terrible indigestion. That way we will know what they are about too.

"Show me your friends and I will show you who you are"

It's an old Greek proverb I believe but it is in the bible

"Whoever walks with wise people will be wise, but whoever associates with fools will suffer"

Now we need to ascertain who the fools are - for they are not welcome guests in the new house.

Bruce seems to be wise - and AD seem to walk closely with him, I like the fact they are still around and so I stick too. The rest I have a huge ? over.

Harry - just to be clear - I checked the new bathroom this morning - the new toilet is one of those fancy ones that does a double flush, to ensure all debris, dirt and stench is well and truly flushed away. I wanted to make sure our new house has one in the main bathroom, the ensuite and the downstairs. I think you see where I am coming from. Now - we need to put new floor boards in with the best wood that has been treated with the best ointments to ensure we let no bugs in ever again.

I think we will need to order new paint after next week.

As for your final - does it really matter 0.20, 0.18, 0.17, 0.15?? Because if you or anyone else are playing with tiny amounts like that - you are neither wise nor men of means. AND indeed will fall foul.

[pjw1956] 15/11/2012 20:49

harry, have you had a look at who was at liquidityhub?

[harry f] 15/11/2012 20:39

sorry to hear your unwell pjw, hope you get better soon and have a good weekend.

thanks for the top link, it was only recently i think i posted that and forgot about their "attempt" in the summer of 2011.

all the same if they couldnt secure funding then the natural decision to take in he interests of shareholders would be to sell the business 6 months earlier as a going concern.

as for your second link there's articles of a similar nature all over the place saying the same thing. it just doesnt reconcile in my mind that somebody with an openly publically stated strategy would never appear to after this period to apply for an rie. whats £4m of cost to apply for one when your making hundreds of millions a year?

re: your last link, i like it. looks like another contract to me, lol. it aint just forum doing well out of the carnage, agora aint doing badly too.

i wonder why he left the well paid aritas job in february? after all he had no idea what was coming further down the line. perhaps like misra and atkins it's just the entreprenuerial spirit in him?

[pjw1956] 15/11/2012 19:37

harry, I have not posted this week because I'm not that well. I hope these bits help you. Have a good weekend harry, squirrel, Old Thumper and all.

"As part of its strategic review, the Board initiated discussions with major shareholders to support a rights issue during summer 2011. As a major shareholder, AD was involved in these discussions. At that time, the Company, in conjunction with its advisers, concluded that AD was unable to submit a deliverable offer of financing inter alia due to the absence of proof of funds, a new strategy for the business and its associated ramifications including discussions with the Takeover Panel and the FSA. The advisers concluded that a proposal from AD could not be assessed as there was no current and viable proposal to discuss."


"The Company initiated confidential discussions with potential offerors for the Group in January 2012 prior to the announcement of the FSP on 3 February 2012."



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Icap seeks full-blown exchange status

Vivek Ahuja
20 Nov 2007 Updated at 13:34 GMT

Icap, the interdealer broker that held preliminary merger talks with the London Stock Exchange last year, is planning to seek regulatory status as a fully-fledged exchange in a move that could pitch it in direct competition with the LSE in the future.
Icap seeks full-blown exchange status

The broker, which outlined the plans in its interim results statement today, listed emissions, energy and transport as some of the markets where it plans to launch new financial products. It is not, however, expected to enter the equities market to compete with the likes of the LSE. Instead, it is more likely to target new markets.

Icap, run by group chief executive Michael Spencer, already operates multi-lateral trading facilities under Europe's markets in financial instruments directive, the new rules that came into force this month and which threaten the dominance of Europe's traditional exchanges.

However, the broker today revealed plans to apply to UK regulators for additional status as a regulated market, a status held by only seven other companies in the UK. Icap said: "We believe there are opportunities in several markets to offer trading on an 'Icap Exchange'".

Any company that applies for regulated market status must also apply to be a recognised investment exchange, according to the Financial Services Authority, which recognises seven exchanges: EDX London; ICE Futures Europe; Liffe Administration and Management, the LSE, Plus Markets, the London Metal Exchange and virt-x.

All seven are also classed as regulated markets, according to the regulator's website.

Icap's plans to secure official exchange status come 14 months after the interdealer broker confirmed exploratory talks about a tie-up with the LSE had ceased.

One exchange sector analyst said Icap's plans "open the door for potential options. While not exactly squaring up to the LSE on its own doorstep given their differing products, it does raise the prospect of greater competition between the two on future products".

The broker revealed plans to change it status as it said full-year profits to March 2008 would beat analysts' £299m average forecast and that profits for the six months to the end of September were £161.5m (€226.1m), up more than a third compared with the same period the previous year. Profits are stated before tax, amortisation and impairment of intangibles arising from consolidation and exceptional items.

Shares rose 10% on the news to hit 627.5p, at 13:14 GMT.

Analysts at Numis Securities highlighted profits from Icap's electronic broking division, where revenues surged 46%, as a key contributor to the interim group performance, adding: "As the business grows its proportion of electronic profits, its model aligns itself more closely to an exchange."

Icap's electronic division generated 29% of the group's operating profits in the first half of the year, up from 19% last year, as Icap makes progress towards achieving its goal of generating half of group profits from electronic business in the medium term.

Click here for the FSA's list of recognised investment exchanges as of 20/11/2007



I have updated post 4028, do some digging and draw Your Own Conclusions

[harry f] 15/11/2012 19:02

squirrel

good last paragraph imo. to it you need to add...

bruce was a major shareholder willing to inject more cash but was never approached.

they never proposed any form of fundraising/ ri themselves.

they forfeited the going concern status in exchange for expectation of revenue streams in ts and dx on the back of a strategic review which was already 12 months old, had generated no revenues and did not do so in the future.

why did they turn down the offer from dx in late 2011 valuing the business at £1.25m? only to inject another £400k into it before selling it for £10k.

and finally if there was really no chance of any funding (which i find impossible to believe) why didnt they sell it 6 months earlier as a going concern rather than at a firesale price?

i think the conclusion is it appears the last thing they ever wanted was any funding.

you right squirrel, it is as plain as day.


just one thing i havent noticed before is that it doesnt appear as though the news of the 20% dilution announced in late sept has reflected in the share price yet. i expected us to be more 0.15p atm rather than 0.2p factoring that news in, maybe the change will come in time.

[squirrel888] 15/11/2012 07:51

Morning Harry,

Thanks for the feedback. You mention CT and that is why I don't trust Simon Chapman - he met with that snake behind closed doors - I know we've been told it was to lobby for his votes but what else was discussed in that meeting? I smell a rat - sorry if you don't agree. He also seems to know Richard Jennings quite well and even knows what position he had in PMK. Richard was desperate to buy shares off anyone just before voting, so again, it appeared it was to procure the votes in our favour. However - ownership of shares does not equate to everything as it might seem. I am still looking in to the loaning out shares, taking that facility off shore and bagging the whole proceeds as a tax free transaction and if major shareholders have done that it is a great dis-service to the PIs (of which I am one). Sorry if you dont like my line of research but I will get to the bottom of it in the end Harry.

Harry you must do whatever research you see fit.

The thing about sleep Harry is if one has a clear consience then one CAN sleep. More is bothering you that is for sure, perhaps you will share that when you can.......or perhaps you know deep down that many more wrongs have been done here with regards to PMK.

When the new SFO Head is appointed then I think that will be the time to put together a case for PMK. Mind you, it's funny how these head honchos keep bailing out don't you think. Maybe the heat is getting too much.

I see that separately and finally Corzine in America is getting the blame for the collapse of M F Global. Not the same as PMK, but nonetheless he was culpable and Congress says so. He should go to Jail for a long time, he can compare notes with Madoff.

Let's see what happens here in London shall we?

PMK is no ordinary case - it was an exchange on the LSE and it housed many other companies. We were offered funding to keep it going - the open AD letter says so. What on earth were the BoD thinking to refuse such funding? I want to know why we did not accept that funding Harry. It was ours to have and we could have kept PMK going, we could have developed TS further too.

It is plain as day.

[harry f] 14/11/2012 19:36

imo thumper even tho the fsa are apparently unfit for purpose and the sfo seems a silent organisation they must be investigating, there's just too much amiss here and it's so easy to see. it's on a plate for them. these guys will probably have kpi's relating to expected cost benefit ratio on and that score i think it's a winner.

i think an issue could be "how wide is the net" and i don't expect anything will be disclosed until this is fully established.

that said emailing the pm is very good advice.

i just hope the historical bugbear of the fsa, i.e. political interference and a discretionary "hands off" approach doesnt cloud the issue. i think it's long overdue implementation wise that political parties should be government funded, it would benefit everybody, as would a financial regulatory system free of political interference.

[nitaroo] 14/11/2012 18:34

"...he certainly didn't post anything of substance..."
Well, I do not think so. If you had followed his "strong sell" recommendations you could have made/saved a bundle. It just so happened, however, that when he posted his warnings, ignorants like Notalf, Sidevalve, Divvy, FT, D&C etc.opposed him violently and swamped the boards with their mad ideas about the great merits of averaging down. So all in all, he certainly deserved much better than being discredited by a bunch of loonies.

[old thumper] 14/11/2012 18:26

"It beggars belief that the SFO and FSA have not investigated. Low and behold David Cameron's "friend" apparantly rides in to the rescue"

Email the PM

[harry f] 14/11/2012 18:01

squirrel - you just wanted a short seller so i gave you an example of one, one of the relatively easier ones to determine in my opinion. thats who you wanted to "go after", right?

i think you need to draw the distinction between shareholders and fidicuary agents here squirrel. despite what any shareholder did or didnt do then or now they had no control over the ultimate share price and destruction, that prize lays in the hands of the people running the business.

all the disclosed major shareholders have invested a lot and are well down on their investments, their not the ones to blame. just because it may be easier to determine who these people are doesnt make them liable for the failure.

totally agree this is not going to go away, and the people at the forefront of the action will be those who you appear quick to condemn. it doesnt make sense.

i'd like you and others to consider caselaw and the companies act if you have time. there must be some form of rules saying you cant sell bits of a business without the shareholders knowing what their selling.... and the rest.