Share Name Share Symbol Market Type Share ISIN Share Description
Scottish American Investment Co. Plc LSE:SCAM London Ordinary Share GB0007873697 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 417.50 416.00 419.00 0.00 0.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 21.7 17.8 11.8 35.5 607

Scottish American Invest... Share Discussion Threads

Showing 51 to 74 of 100 messages
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Bitcoin should of never been created in the first place. Any virtual currency is just encouraging fraud, money laundering and terra. The sooner crypto is destroyed or made illegal the better. Those stupid enough to be buying it deserve to loose their cash.
02:45 'I was completely destroyed': Bitcoin scam victims lose $340K in York Region, police say Police say tracking down fraudsters or recovering money is likely impossible By Nick Boisvert, CBC News Posted: Nov 08, 2017 3:04 PM ET Last Updated: Nov 08, 2017 3:04 PM ET Bitcoin machines like this one convert cash into the cryptocurrency, after which it becomes practically untraceable. Bitcoin machines like this one convert cash into the cryptocurrency, after which it becomes practically untraceable. (Nick Boisvert/CBC) 2693 shares Facebook Twitter Reddit Google Share Email York Regional Police say dozens of victims have funnelled $340,000 in cash into Bitcoin ATMs in a scam sweeping the region. Investigators say the machines are being used in the latest version of a Canada Revenue Agency (CRA) scam, in which fraudsters posing as tax collectors or police officers threaten to arrest potential victims over tax issues. The victims are then advised to use ATMs which convert the cash into Bitcoins: the digital, decentralized cryptocurrency, which currently trades for around $9,200.
City of London Police arrested three men on 3 August suspected of operating a ‘boiler room’ wine investment scam. It is believed that investors, many of them elderly, have collectively lost more than £1 million in the scam, which the men were accused of running from a base on Fleet Street, central London. Police said that victims were cold called by salespeople offering them an opportunity to invest in fine wine and promising returns of between eight and 40%. If proven, it is the latest in a series of fine wine investment scams uncovered in the UK in recent years. Potential investors were told to buy extra wine, because buyers were already in place for them to sell on to, police said. It was not clear whether all three men arrested have been formally charged. A police spokesperson declined to comment further on the case when contacted by on 10 August. ‘Boiler room’ is a term used to describe an outbound call centre selling investments over the phone, usually employing dishonest techniques. ‘Boiler rooms continue to be a major threat to individuals in this country and statistics show that those who are over 60 are particularly vulnerable to this type of crime,’ said Andrew Thompson, City of London Police detective inspector. ‘Fraudsters will do everything they can to manipulate potential victims and convince them that they are making genuine investments.’ The investigation into the case was launched after Action Fraud, the national fraud and cyber reporting service, received complaints from the victims. So far, 39 victims have contacted Action Fraud. Their combined, estimated losses total over £1 million. The City of London Police said that it has been contacting victims of the bogus company. (
14 year old busted in instagram investment scam hTTp://
These are just 20 of the 3911 sharedealing scammers listed by the FCA on their website (link in header): Router Bank / Routar Bank Higa and Partners Essential Loans (clone of a previously authorised firm) Eich Invest t/a Capital Courtage (clone of authorised firm) Kleinwort Benson (Ventures) (clone of authorised firm) Money Solutions UK (clone) Paramount Law Boston The Britain Loan / Britain Loans / Britt Loans Westmount Associates Clarion Global Group Polen Capital Investment Funds / PCIF (clone) Tilney Fund Managers (clone of authorised firm) Quick Quid / Loan Point (clone of authorised firm) Admiral Markets Ltd (clone of FCA authorised firm) Team Four Digital Services Limited / Team4Digital Debt Advice Trust (clone of authorised firm) 247 Money Express and The Money Source (clone of authorised firm) Miton Asset Management, trading as Miton Commodities (clone of FCA authorised firm) Merit Loans (clone of FCA authorised firm) London Finance and Investment Corporation (clone of UK incorporated firm) (to see the full list, click 'shares' on the FCA scams site - but then do the next click without naming a particular firm in the searchbox)
the 'Bitcoin Code' software by Steve McKay is also a scam, according to Binary Scam Alerts.
This scam alerts website has lots of info on scams currently doing the rounds: hTTp://
Example: This 'Quantum Code' scam disappeared for a while after some bad publicity, but has reappeared this month via adverts in some respected finance journals and magazines hTTp://
There are scams galore offering fast money - whenever you spot those that are currently doing the rounds, detail them on this thread. Many of them are very plausible in their presentations, so it's easy to understand why innocent investors - and even a lot of experienced investors - get taken in by them, and fleeced. If you've ever been tempted to click a video presentation detailing one or other of these wondrous moneymaking schemes - the chances are you will thereafter be tagged to receive adverts popping up on sites that you regularly visit. If you allow them to have your email address, thinking that you can block that particular sender later - beware; they anticipate this and ensure that your address is stored so they can come at you from a different sender address when their primary one is blocked. Block that second one and you'll be approached via a third one, etc, etc. Many of the characters in the video presentations are not who they claim to be - many of them are paid actors. Some of the testimonials are recognizable as being the same ones used in some previous dodgy scheme. A few of the (faked) testimonials will be from people saying that they lost money in the first few weeks but have done very well since. This is designed to persuade you to stick with it when your opening balance dwindles, believing it will recover - by when it's too late and your money is gone. Many of the "approved brokers" that they list for you to choose who to put your trading account with (and with whom they are in cahoots), are unregulated offshore outfits - sometimes with names closely resembling legitimate ones. Their small print Terms & Conditions (which lots of excited investors fail to study before signing up) will often include punitive fees for simple actions - such as charging a big fee for processing cash withdrawals - or a huge exit fee if you want to close the account. Lots of these scammers tell you that their software is free - but only to the first twenty applicants each day - and might show a fake countdown of how many copies are still available - so that viewers feel rushed into signing up before the "limited opportunity" expires. (ALWAYS presume it's a scam if they hurry you in this way). Many that declare their software to always be totally free, are failing to make clear that to utilise it you have to deposit money with one of their named brokers in order to trade. The Financial Conduct Authority (FCA) publishes a Warning List of known scams hTTps://
Recently bought some of these to add diversification, from my HFEL, AAIF, CTY MRCH & BRCI investment trust. I will be looking to drip feed more over the year as I like the progressive dividend policy. Didn't think it would be up so quickly. Not complaining, but will pause on buying a few more till new tax year.
Today, all time high. 60,000 shares bought none sold. good divi. What could possibly go wrong?
All time high and at a small premium.
WARNING - Investors please be careful - do not fall prey to Scammers operating online right now to suck you dry of your hard-earned cash. To safeguard yourselves, ensure that any organisations you give money to are a) registered at companies house and b) regulated by FCA. Even with these 2 measures in place it is possible to be scammed. There are 20,000 cases of Online Fraud daily. Online Fraud is rapidly increasing with the advent of faster technology. As a side-note I was saddened to hear that today, 3 serving poilce officers have been arrested in Surrey Police for a £1,000,000 fraud. Its very worrying when even the Police are corrupt !!
Absolutely disgusting ....... don't think you can't be taken in .... they fool even very astute investors ..... apparently 20,000 online scams being done to investors every day ...... govt has only just begun to include them in crime figures (1 year ago) so this gives a truer picture of the amount of crime being committed !!
Rebate Option ( recently cold-called me and sold me an account trading binary options .... I'm not sure if they are a scam but they sound strongly like they are ..... in which case I've lost a lot of money .... anyone else dealt with these guys .... the Police have been informed, I just hope they can secure a successful fraud prosecution ..... it makes me really sick to know how they defraud investors ... it can happen to anyone because the script they use sounds absolutely genuine .... one time they rang me and I had the Police secretly listening in, and even the Police weren't sure whether they were a scam or not, they advised me not to part with any more money but try and get more details for a possible prosecution
I sold out as well for the same reasons..... also cost of debt seemed high. I reinvested in IUKD, a different animal but a good home for the moment? I will keep an eye on this and expect to come back in on a discount.
So which one with yield and discount did you choose, gopher?
sold out - the discount has disappeared and performance has remained lucklustre so no loss. Will move on to another IT offering yield and discount
23 July 2015 The Scottish American Investment Company P.L.C. Owing to demand in the market, the Company announces the allotment of 50,000 new Ordinary Shares of 25p each fully paid on 23 July 2015. Following the allotment there are 133,060,943 Ordinary Shares in issue. These shares were issued for cash on 23 July 2015 at a price of 271.5p per share and at a premium to the prevailing net asset value. Baillie Gifford & Co Limited Company Secretaries
This seems to go on every quarter...they pump up stocks at the beginning of a new quarter..suck punters in then short them again...
Longs dont like shorters ONLY because they are looking for someone to blame their mistakes on
Picked this up as a dividend payer on a 5% discount when Murray International is on a 10% premium and NAV performance is similar (see Trustnet Global Equity Income). Charges good at 0.45%, I would also point out that top 10 doesn't include tobacco like Murray (and Neil Woodford) There is some underperformance against benchmark but that may be because its not a pure equity play which I don't have a problem with
Yet again another increase in quarterly dividend from last year. Third interim dividend for 2014 The Board of SAINTS announces that it is declaring a third interim dividend of 2.625p (up 2.9% on the corresponding dividend last year) per ordinary share in respect of the year to 31 December 2014, payable on 19 December 2014 to shareholders on the register at the close of business on 28 November 2014. The ex-dividend date is 27 November 2014. The Company operates a Dividend Reinvestment Plan and the final date for elections for reinvestment of this dividend is 2 December 2014
Another increase in quarterly dividend- Half-Yearly Management Report The net asset value total return for the first six months of 2014 was 1.6% and the share price total return was also 1.6%. The total return of the benchmark, the FTSE All-World Index (in sterling terms), was 3.2%. Earnings per share rose to 6.62p from 6.26p in the same period last year, and our expectation is that income for the full year will show growth compared to the 10.21p earned in the year to 31 December 2013. A first interim dividend of 2.60p was paid at the end of June and the second interim dividend of 2.625p is payable at the end of September. The total amount of dividends, 5.225p, is 3.5% higher than the amount paid for the corresponding period in 2013. This rate of increase in the dividend exceeds the current rates of inflation, with RPI and CPI increasing by 2.6% and 1.9% respectively on an annual basis as at the end of June 2014
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