409 days ago
You want to know why Berenberg quit as joint broker yesterday as Versarien (VRS) also fessed up that Neill Ricketts was still a director earning £16,500 a month despite “resigning as CEO” a week ago? It will be when it discovered that, enabled by the bent journalism of Ian Cowie at the Sunday Times pumping the shares, SP Angel was doing a smash and grab deeply discounted placing to raise a paltry £318,000.
1762 days ago
On May 22nd 2019 Telit Communications (TCM) issued an RNS with co broker Berenberg as one of the contacts. From the RNS of June 6 onwards Berenberg’s name has been missing from all releases. So is there, yet again, something that this company, founded by mortgage fraudster and fugitive from justice Uzi Katz, is not telling us?
1851 days ago
Two high profile sinners repenteth and the writing is now very firmly on the wall for Purplebricks (PURP) as it starts a year when it will almost certainly run out of money. The sinners: broker Berenberg and Britains's most conceited fund manager Neil Woodford.
1936 days ago
Oops a daisy. It looks as if some folks in the City have finally been reading our exposes on First Derivatives (FDP) and are finally waking up to the issues of cash generation, or rather lack of it. Top broker Berenberg was a major bull but has slashed its target price, as you can see in the full note below, from £43 to just £21. Welcome to the party fellows but you are still way too generous – fair value is well under £10 a share.
2944 days ago
Shares in Telecom Plus (TEP) are down 40p to 843p thanks to a downgrade of stance from buy to hold by Berenberg in the note below. The target price comes down from 1400p to 1000p so with upside at the start of the day of 14% surely that makes the shares cheap? Whatever. It seems an anodine note to me. I remain a bear as per Kevin Ashton's most awesome analysis HERE but you make up your own mind
