Rathbones Share Discussion Threads

[alexx] 20/2/2002 09:11

quoted 12p premium for opening short with City, 14p with IG, not on CMC or FS so doing nothing, there must be a better way?

[m.t.glass] 20/2/2002 00:39

Banked some profits on mine also (50 points from 866) and holding another short from 820p.

[byrdsong] 20/2/2002 00:36

Covered the other day at 810 alongwithloads of others and it didn't move. Have reshorted at 805.

[m.t.glass] 13/2/2002 02:02

"...Jason Hollands of London-based financial adviser Bestinvest is in no doubt about what investors in Rathbone Special Situations should do -- get out. He says: "I see no case for investors staying with this fund now that Evershed has gone.

"The fund was all about Evershed and his quirky investment ways. While Carl Stick may be a capable replacement, he's going to have his hands full managing three trusts..."

(extract from a Daily Mail article)

If the Jason Hollands reaction is typical of how financial advisors feel about the situation this presumably will lose Rathbones some business?

[m.t.glass] 11/2/2002 15:10

Downslide picking up momentum. This rat is not well.

[dodddy] 11/2/2002 14:45

a few big delayed sales today.this stinks to me

[matthewa] 08/2/2002 17:09

COuld it be over way of pricing of UT's? SOme Investment Houses have got in hot water recently over just this issue

[byrdsong] 08/2/2002 17:06

Something fishy going on. Likewise glad I'm short. Thx MT for the news.

[m.t.glass] 08/2/2002 16:53

"..extremely worried and concerned for unit-holders.." he says. That is pretty strong wording. Either he is sincerely worried for the holders (why?) or he is getting his position on record as strongly and as publicly as possible to distance himself from something nasty in court?

These are not the usual tactful cautious words of a man in his senior position. Very odd.

[parrett] 08/2/2002 16:28

Glad I'm short.... Lets wait for this one to unfold, could be interesting

Parrett

[dodddy] 08/2/2002 13:25

i wonder what he means by this ? hhmmm i smell a scandal
'This has been happening for three years, and I’ve been making frequent complaints for three years.’

[m.t.glass] 07/2/2002 01:26

What are we to make of this dramatic news?

"...City fund manager Patrick Evershed is to sue Rathbones for constructive dismissal following his shock departure from the company...

...."I certainly didn’t want to leave. I wanted to stay, but I just felt I couldn’t stand it any more. I’ve declared myself to be constructively dismissed. I’m terribly upset and mortified…and extremely worried and concerned for unitholders [in Rathbone Special Situations].’

....‘This has been happening for three years, and I’ve been making frequent complaints for three years.’

.....Peter Pearson Lund, managing director of Rathbones’ unit trust arm... ...declined to comment on concerns Evershed’s departure raised questions about wider unrest within Rathbones’ fund management team..."


Visit the citywire site
for their full exclusive story from which the above lines are taken:



Evershed is one of the UK's top fund managers. What the hell is going on? Another scandal?

[lodger] 06/2/2002 00:50

Went short again last week, quite a lot for me. Quite sure about this one.

[byrdsong] 06/2/2002 00:35

MT

I went short same day I think! I got 890 on the bid. Thought about increasing today but didn't as nms is 1000 shares. It does seem to have broken support. Like dodddy I've been making interest. On a spread bet though you are getting a benefit through the erosion of the value of the future.

[m.t.glass] 05/2/2002 10:39

Increased short.

[m.t.glass] 18/1/2002 10:42

Been short again at 896p from 12 Dec (like Doddy - but he collects interest on his). Might extend exposure once it goes somewhere below 880p.

[m.t.glass] 09/10/2001 14:49

Stepped aside from the remainder of mine this morning. Watching from the sidelines for now.

[big vern] 21/9/2001 00:26

excellent short

[m.t.glass] 20/9/2001 10:21

Price dropping on every trade now...

[insideryou] 19/9/2001 09:52

feel like joining u guys, but, with such small volume make sure the mm's dont try a bear squeeze on the weak holders

[matthewa] 19/9/2001 09:01

Down she goes £5 target

[dr darkstar] 18/9/2001 11:09

Also short, will top up when near term support breaks. Looking at a target under 500.

[matthewa] 18/9/2001 10:15

Short @ 765p. Poor Graph the likes of BWD CSH (also short) finally coming off their dizzy heights. Fee incomes this year will be neglible.

[m.t.glass] 17/7/2001 10:12

Downslide resumes. Now fallen 110p in one month (-11%), wiping out half the previous 2 month surge.

Nice rollercoaster for spreadbetters. Big peaks and troughs at 2-3 month frequency.

[dondee] 25/6/2001 16:31

Finspreads quoting as follows at 16.30.

Rathbone

Sept. 910-927.

Dec. 924-943.