TXO Plc Share Discussion Threads

[outspan] 06/1/2019 19:57

Re Marine Oil Recycling, likely links are: EfG (Securities) now having acquired significant control from David Morgan; and TB's LinkedIn listing under his EfG (Securities) banner. The latter has an article by the man himself that sounds all too familiar with the past e.g. TXO, GBG, ORS, Morgan Marine oil and what they weren't all going to do with the supposed phenomenal demand of passing ships (in the night as it turns out). I've saved a copy which I'll paste here if he removes it from there.

Talking of EfG (Securities), TB and the Webb 360 link up, one company has an active FCA licence but without much sign of a current purpose and one says its "last regulatory licence has been sold" but then forecasts its future strategy to lie in providing investment for private growth companies etc. #hmmm

Meanwhile, some that know a bit might think the sparkling new webb360 website is significantly ahead of itself and feels all a bit odd in the way that Webb360 Consultancy Ltd, owned solely by Webb and his missus, appears to be the big-cheese holding company (but isn’t, is it?). While the Ventures version is reduced to a mere tab, albeit having been the main trading company and likely to remain so, therefore ranking it no higher than another Webb-only, long time dormant company, Gateway2AIM (on another tab) but now presumably looking about to have some life breathed into it.

Don’t know about anyone else but I also find the weasel words of the Fund Management tab quite naughty, as if to deliberately give the impression that the Elite Fund falls within this particular Webb fold. As we know, this fund was sold to Peterhouse and PW was/is merely retained as the consultant investment manager but anyone not knowing this could easily be misled into thinking it’s part of the Webb360 stable. #unregulatedanditshows

[cpap man] 05/1/2019 10:25

Never forget the 3 masons of course!

[outspan] 04/1/2019 21:52

Decent honest fellow or not, what would concern me most about PW is how little he appears to have learnt from previous experience of both Baldwin and Foster. It took a bit of finding but I recalled a share swap a few years back between TB's doomed Hill Street and Webb Capital (a previous name of Webb 360) whereby Webb gave a new lump of its shares to Hill Street in exchange for a lump of Hill Street's Alpha shares.

A few buzzwords into a search engine along with 3 April 2012 (e.g. alpha prospects april 2012 share swap) should get anyone there who is interested enough. Take particular note of this gem - what an absolute hoot - "...Commenting on the transaction, Christopher Marsh, Chairman of Webb Capital, said:

"We are delighted to welcome Hill Street Investments, whose CEO is serial
entrepreneur Tim Baldwin, onto our share register. We are looking to develop
substantial value from our investment in Alpha Prospects and to establish a
close working relationship with Tim and his business associates.""

So add in CF of Alpha and that puts them all in the same small space a few years ago and yet...PW now finds a place for TB on the Board of Webb 360. Judgement call anybody?

Link then to what looks to have been an essential sale of Webb Capital Funds to Peterhouse (where PW is a Director) and presumably why Webb Capital has now been renamed to Webb 360. A City Wire article (suggested search terms "Peter Webb sells small cap fund house" throws a good amount of light on the origin of those funds from TW management which some might think raises another question of judgement.

Anyone finding and reading the article shouldn't miss clicking on the inbuilt "brought in to take over funds" link. As the article progresses you'll find comment that appears to bring this post of mine full circle:

"...Ironically, Webb offered Rivington a 9.9% stake in his business last year in return for acquiring its corporate finance arm, although the deal was later called off. Webb Capital went on to grant a similar stake in a deal with Hill Street Investments, led by serial entrepreneur Tim Baldwin. Last year there was a sign that Webb may have returned to his old activist style when he attempted to gain control of BWA Group, a company that was not investing its cash as fast as Webb wanted..."

Talk about sniffing around in all the wrong places!

[outspan] 03/1/2019 15:19

Does he realise that he's wasting his time? A simple click on the filter button provides the most transparent of pathways to public information he is clearly desperate to block. 'Tis the season to "Look behind you"! Methinks the pantomime villain has a cunning plan to return from stage left!