Posts tagged: Robert Tchenguiz
Wednesday, 6 July 2022, 12:00 am
Back in the aftermath of the 2020 stockmarket crash little old Betaville broke the story of an impending row between property entrepreneur Robert Tchenguiz and a group of well known stockbroking firms, such as FTSE 250-listed IG.
The likes of IG, CMC Markets and Intertrader - which was owned by Ladbrokes owner Entain - had sold out Tchenguiz's 7pc shareholding in FirstGroup during the rout of March 2020 after he allegedly failed to meet margin calls...
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Wednesday, 1 September 2021, 3:53 pm
Often when an activist, such as Elliott Advisors, gets involved in a listed company in the US or Europe it agitates for a sale of the business to generate an immediate uplift in shareholder value...
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Tuesday, 26 May 2020, 9:29 pm
So, the Tchenguiz / FirstGroup saga rumbles on although probably not in a way the flamboyant property entrepreneur orginally envisaged.
Below is a link to a piece I wrote for the Mail on Sunday this weekend about how several top brokers - such as IG, GVC's Intertrader and CMC Markets, are chasing down Robbie T for the millions they think he owes them after he was carted out of the stock during the March sell off...
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Tuesday, 24 March 2020, 5:56 pm
Robert Tchenguiz may have bailed out of FirstGroup but his chum at Coast Capital is upping its shareholding in the bus and rail company.
According to a regulatory filing, activist investor Coast Capital now owns almost 14pc of FirstGroup. See the link below:
https://www.investegate.co.uk/firstgroup-plc--fgp-/prn/holding-s--in-company/20200324084116P13C6/..
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Wednesday, 18 March 2020, 6:44 pm
Poor old Robert Tchenguiz. Yesterday, the property entrepreneur said he had sold his 6pc shareholding in FirstGroup, the bus and rail company he has been pushing to break itself up by spinning off its US businesses...
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Tuesday, 5 November 2019, 7:17 pm
It's getting frothy out there.
First off: it emerges Stefano Pessina is exploring a $70 billion plus leveaged buy-out of Walgreens Boots Alliance. The last time Italian took a company private was just before the credit crunch in 2007 when he acquired Alliance Boots for £11 billion with the backing of KKR, Wall Street's most powerful private equity firm...
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Friday, 27 September 2019, 7:24 pm
Robert Tchenguiz, the property entrepreneur and onetime corporate raider, isn't just content with building a substantial shareholding in FTSE 250-listed bus and rail company FirstGroup.
Today, Aim-listed Ubran Exposure revealed Mr Tchenguiz has built up a 9.15pc shareholding in the property development finance company. Below is the link:..
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Friday, 20 September 2019, 6:21 pm
Oh look - FirstGroup has confirmed Betaville's recent WELL-DONE ALERT - https://www.www.betaville.co.uk/betaville-intelligence/well-done-alert-firstgroup-said-to/ - by announcing that Robert Tchenguiz has built a 4.24pc shareholding (or has control over that amount of stock) in the company.
Below is a link to this afternoon's announcement:..
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Monday, 12 August 2019, 10:10 pm
Here is something that reminded little old Betaville of the pre financial crisis / credit boom era: Robert Tchenguiz building substantial stakes in British publicly-listed companies.
Such a phenomenon hasn't happened since the colourful businessman and property entrepreneur bought 10pc of FTSE 100-listed J Sainsbury and sizeable holdings in other publicly-listed companies, such as Mitchells & Butler...
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