8 days ago
Nigel Wray attended my most recent wedding almost ten and a half years ago and he is my friend. Or I really hope that he still is. I do not wish that to change but the optics of the proposed takeover by Belluscura (BELL) of TMT Acquisitions (TMTA) now look terrible for him and he should insist that it be renegotiated. I flagged this up in Bearcast yesterday but I now dig deeper and bring in comment from Evil Banksta who is short of Belluscura.
1819 days ago
Okay we own a stack of Reach4Entertainment (R4E) shares so I am biased. Dowgate is house broker so it is too. But the thesis is solid and if anything I regard the target price as far too low. So with all those caveats, here is the broker’s note.
1895 days ago
Until recently analyst Paul Richards was at Numis and was the City's Now 1 rated media analyst. Now he is at Dowgate and has just published a detailed note on Reach4Entertainment (R4E) after its placing and acquisition today. He reckons the shares should almost double from 1.29p to 2.4p. I own the shares and think his forecasts are light and thus so is the target price. Judge for yourself, the note is in full below.
2969 days ago
Five days ago we revealed that David Lenigas himself was trying to arrange a £5 million bailout placing for insolvent LGO Energy (LGO) which would see Jabba go back on the board and hapless CEO Neil Ritson pushed into the long grass a couple of months later. We have emails from broker Dowgate to potential investors explaining Jabba's plans and saying that the placing would close well before the end of last week. There has been no RNS. Clearly - and not surprisingly - the placement is struggling big time and so LGO has today released ramptastic bollocks from Goudron to try to spoof punters into backing the bailout.
4042 days ago
This is so blatant. I cannot see how the authorities are failing to tackle Sefton Resources (LSE:SER). If the company’s uber expensive City lawyers Pinsent Masons wish to bully me again go ahead – you know where to send your letter and you know where I will file it. But once again Sefton has been caught with its knickers around its ankles misleading investors and it did so less than 5 weeks ago and 24 hours ahead of a rescue share placing. If I was a client of Dowgate stockbrokers I would be demanding my cash back from the most recent placing first thing tomorrow. This is a black and white case. To Sefton I say: Gotcha!
