2022 days ago
We pointed out numerous red flags at Globo (GBO) for two years before finally sinking the fraud by publishing Gabriel Grego’s dynamite dossier but some folks knew better. In the fund management community the fraud’s biggest supporter was Harry Nimmo of Standard Life whose fund (other folks cash) were on the register to the bitter end. Harry was a true Globo believer. Now he has weighed into bat for First Derivatives (FDP) which has also, arguably, committed fraud as we revealed HERE.
2508 days ago
The Times yesterday ran an article "Investors take aim at LSE’s mistrusted upstart - Stock exchange defends Alternative Investment Market but its critics are losing patience", which it painted as a major attack on AIM. In fact it appears to have found one new critic - Standard Life - which, having done its conkers on Fusionex (FXI) because its fund managers knew better than our writers here who issued repeated warnings, now seems to think AIM has a problem. On which fucking planet has Standard Life been for the past ten years?
So to "fiske" a dire piece by Robin Pagnamenta, Deputy Business Editor, which fails to address any of the real issues showing why journalists on the corrupt deadwood press are part of the problem not the solution. My comments are in bold.
2610 days ago
There are two matters under discussion in this podcast. First the merger between Aberdeen Asset Management (ADN) and Standard Life (SL.). I am bored by it. It is not what will drive the share price. Second the corrupt way the news was leaked via a corrupt Fleet Street in a way that can only harm private investors. As an "insider" in days gone by I explain exactly how this corrupt and rotten system works.
4063 days ago
Robert Sutherland Smith is again proving that he is still alive with another guest post. Robert started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at TradingResearchPoint on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 13th. He is a great one for focussing on yield. RSS today looks at Standard Life.
I willingly confess that I have generally found little difficulty in resisting past temptations to take a keen interest in Standard Life (SL.). Life assurance and annuities, the traditional focus of this two hundred year old company, are not the most exciting or fastest moving business activity in the world. That fact combined with the dry as dust name ‘Standard Life’ has invariably – by which I mean without variation – presented a cocktail of too dull a prospect to greet with of warm enthusiasm.
What life has ever been standard and who would wish it so? A name that is a negation of language and the constipation of linguistic imagination. But one which – putting the other case – fully conveys the attributes essential in a business concerned with the scientific measurement of and accounting for group human mortality in relation to the calculation of premiums and benefits for life assurance and pension annuities. Surely, was there not somebody on the occasion of its christening in some boardroom long ago, who felt an instinctive urge to giggle nervously and ask, “surely, we are not calling it Standard Life, are we? “
