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GENL LuxInvest 29 Oct 2015

It seems like some manipulators are trying to keep the share price below the prior alltime low @ 268.75. Every day this stock gets manipulated, because it does not make sense that for example a volume value of 5m decreases the Genel value with over 50m!

GBO gallant02 29 Oct 2015

Globo revelations stun high-yield investors Seems they nearly got away with it...Globo plc 's announcement that it is under investigation from the FCA has shocked high-yield investors that the British mobile technology firm recently tried to sell a bond deal to.Trading in the AIM-listed firm's shares have been suspended since Monday, when its CEO and CFO resigned after disclosing financial irregularities at the company.Globo had announced only days previously - on October 21- that it had postponed a proposed issue of senior secured high yield notes due to market conditions.Imperial Capital had acted as book-running manager with ISM Capital as international co-manager. One fund manager that said that while his firm had decided not to invest in the deal, he had no inkling that there was any "foul play" on the part of the issuer. "The business actually looked pretty good on paper, and the yields they were offering started to look attractive," he said.According to documents seen by IFR, Globo first tried to sell an US$180m five-year non-call two senior secured deal in June. But after market push back, the trade was switched to a US$130m 5NC3 deal in August. Leads tried to sell the deal unsuccessfully at a 94 OID with a 10.375% area coupon, according to the documents."First they tried to sell it at 7%, then at 9%, then at 11%, then they said they'd do a private deal," the investor said.Globo said the bond would refinance 45m of debt. The company had 108m earmarked for general corporate purposes, including future acquisitions, at the original deal size but scaled this back to 58m when the deal was reduced to US$130m.The company pegged its adjusted Ebitda in 2014 at 51.4m.The revelations of financial irregularities this week came after US hedge fund and short-seller Quintessential Capital Management published a report last Friday that raised questions about Globo's revenue model and finances.The report actually focused on Globo's attempt to tap the high-yield market as a source of concern."Globo's decision to raise funds in the high-yield bond market seemed strange for a company claiming large cash reserves," Quintessential's report said.The bond documents listed 82m of "actual" cash on balance sheet as of December 31, 2014, but said it would have 140m after raising the US$130m bond. Globo was looking to issue the bonds out of its subsidiary Globo Mobile Inc. (US), although they would have been guaranteed by parent company Globo plc.

BWNG romaron 29 Oct 2015

Changed mind I visited their store in Oxford St. At the scruffier end near Sports Direct. Poorly arranged stock with a dated feel and prices more expensive than I expected. Many companies use the Premier shopping streets as flag ships and this was disappointing. I popped into M&S which I use as a benchmark for how busy things are and then into Primark where I have been an investor for some time. I sold N Brown and bought more ABF. The queues were as long as ever and I bought 3 white T shirts for £6.

SNR gamesinvestor 29 Oct 2015

Re: What's wrong here? "despite significant capital expenditure on acquisitions there is no sign of growth"number, I'm curious about that statement.Senior has grown it's revenue from £566M to £820M in 5 years (granted acquisitions play a part)During that 5 year period, it's borrowings have actually fallen from £126M to £108M.Also during this time it's pre-tax profit has risen from £62M to £90MSo the relative debt here is quite low compared to the majority of the companies in it's sphere.Don't get me wrong I'm not hollering from the roof tops that this is a strong buy, but it's definitely not a bad company at all and considering it's share price has dropped from the 360 level where it was clearly overpriced, as was Meggit, Rolls Royce, BAE Systems and the like.At these levels (217 as I type) you shouldn't be a million miles out if you want a 3+% yield on a company with some growth potential for the next 5 years.I doubt the world is falling off a cliff, so there is a time to buy into good companies, and it's invariably best when everyone is packing their bags and heading to deposit their money in Lloyds Bank at 0.5%, with a high probability it will go bust when the housing market comes to it's senses.Games

BGO iPedro 29 Oct 2015

Is Apple Next? RNS Today:Bango notes the recent press commentary about the availability of Direct Carrier Billing for some iTunes users in Germany:Link 1 - [link] Germany is working with Apple related to carrier billing,” a spokesperson told us in an email. “Payment via the O2 phone bill is now available for Apple Music, iTunes, App Store and iBooks Store Purchases. The service is gradually being rolled out and will be available for all O2 customers (prepaid and postpaid) in Germany by the beginning of November 2015.”We have heard on the grapevine that Apple had been talking with Bango, a carrier billing provider, to roll out carrier billing functionality on iTunes. Another source says that it’s not Bango working on this deal, pointing out that O2 also has a relationship with Boku, another carrier billing provider that O2 has backed financially.However, contained in the report Bango refers to published by Progressive Equity research,Link 2 - [link] for the term 'Boku' in the report highlights only the following information:"US-based, Boku claims connections to over 250 operators globally. It also has a blue-chip list of merchant clients, including EA, Facebook, Sony and Spotify. However, we note that the website does not list any of the key mobile app stores on its client page. Boku is privately / VC owned, and has completed a number of fundraisings over recent years. As a private company, publicly-available financial information is limited. However, market sources suggest that the company delivered revenue of c$200m in 2013 and has raised over $75m of funding over the recent past."Searching for the term 'Bango' and further digging reveals this:"Competitive PositioningPerhaps unsurprisingly, the initial DCB deployments were instigated by MNOs attempting to interface directly with the app stores. However, anecdotally, we believe that over recent years operators are appreciating the value of leveraging third party platforms to offer carrier billing in app stores. Telefonica Group, for example, launched an in-house DCB platform called BlueVia in 2010...."Googling 'Boku BlueVia' and 'Boku O2' arrives at a number of results that link to various articles, in particular these two (articles also available on the Boku website):Link 3 - [link] Link 4 - [link] it suggests in the Progressive Equity research PDF, Link 2, just a bit further down from the last snippet about Competitive Positioning, that the business created by Boku's partnership with BlueVia and O2 around 2010 and 2011 has since been taken over by the Bango service:"...However, after just 2 or 3 years, this was dropped, with Bango picking-up much of the business that was slated to run across the BlueVia platform..."We estimate that there are currently 278 DCB activations globally, with Microsoft, Google and Blackberry representing 263 of these. Of the 278, we believe 127 are direct app store:MNO relationships, with the remainder being third-party connections. Of the third-party activations, the market is dominated by one player – Bango, which has 119 activations. This represents a share of over 40% of the total market (278), and is almost three times the aggregate of the key third-party DCB suppliers. As will be discussed below, Bango was an early entrant into the mobile payment space. Over the past sixteen years it has made significant investments in both its platform and product set. The benefit of this historic investment appears to be apparent - it has almost half the market. Bango is the exclusive DCB provider to the Amazon, Blackberry, Mozilla and Samsung app stores. It has one third-party competitor on the Mic

SBLM sausage_on_a_stick 29 Oct 2015

Great news... ... for political stability in Eastern Africa. Great to see the incumbent government in Tanzania just returned in the last hour ([link] and thus political stability and ministers back to their desk to continue rubber stamping the Edenville Energy mining licence approval. Let's hope it's one of the first big announcements from the 'new' government, securing coal for its people in the short term and electricity in the long term. No other obstacles left in approval process.Good luck to all in SBLM and EDL

MIRL The Preston Plumber 29 Oct 2015

Re: Compromise? The Board have for many years got on very well with the local population until recently. They have had meetings with them and kept them informed of developments and provided them with local amenities. This was one of the reasons that I was attracted to this company.

SUN supeman1 29 Oct 2015

chinese investor sniffing around a few months back

SUN supeman1 29 Oct 2015

confidence - correct something going on

MIRA JohnyCash 29 Oct 2015

Re: AGM A colleague of mine has just returned from the AGM. He tells me that lunch consisted of a cup of tea (one teabag per ten people) and some Aldi biscuits past their sell-by date.What does that tell you about the business?JC

GBO frigginrascal 29 Oct 2015

Where is he? Have they caught him?

CIFU badnews 29 Oct 2015

Re: Why the sell off? Investors are beginning to realise that this fund is very expensive with the management charges and performance fees, whereas Fairoaks has an attractive TER. Blackstone have recently had a ruling against them regarding hidden fees within their private equity business, which surely doesn't help investor trust. Within their private equity business the management company would bill certain fees to investee companies to circumvent disclosure via the main investor fund. Extremely poor conduct.

NTOG steptoes123 29 Oct 2015

Scubs on lse 12.50 todayHi Scubs, nice to see someone still keeping the realism here.Lofgrunt Crawling on Twitter with Apologies for the Y A Deal and the His Strategy,Exactly some of the stuff that he got me banned For Posting saying i was lying and that he had done no deal with YA, but now he has learned by his mistakes ha ha!! to late now when he has destroyed my credibility, and labelled me a Deramper and libellous troublemaker.Still here Lofgrunt with all my shares never sold any.ATB (Ges)

HAWK Clarence Beaks 29 Oct 2015

Re: The only people....... even worse it the man in charge won an award for his communications.

GBO paccamac 29 Oct 2015

Re: We don't know anything yet "It could be Costis is financially inept not a crook"With respect, it is not a fairish comment at all. Falsifying revenue and profit numbers and misleading auditors is not something you do by mistake. It is deliberate and blatant fraud for the purpose of personal enrichment.Costis sold down a huge volume of stock and put £12M in his own pocket. He did so without disclosing this information to the market and in full receipt of the underlying fraud. This is not only a breach of AIM rules but also blatant insider trading.He should (and likely will) be going to jail along with his CFO.