A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip or want to discuss a story please feel free to email Betaville at ben@betaville.co.uk. Betaville can also be reached at Whats App, Signal or Telegram. Betaville's Twitter handle is @bharringtonw11 and you can message me via Twitter with stories.

Betaville Intelligence

RARE ALERT: Seafox said to have lifted Gulf Marine Services stake to just over 29pc

Friday, 5 June 2020, 1:18 pm

Seafox International has been accumulating more stock in Gulf Marine Services, the Abu Dhabi-based oilfield services company that it tried to buy last month.

People following the situation said Seafox, which runs "jack-up" units for oil and gas explorers, now owns around 29pc of Gulf Marine after disclosing earlier this week that it had lifted its shareholding to 26.41pc.

The move comes after Seafox offered 10p a share for Gulf Marine Services...

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Tiziana Life Sciences back under the spotlight... - Part 10

Thursday, 4 June 2020, 5:52 am

It's that time of the week when Betaville writes about Tiziana Life Sciences, the Aim-listed biopharmceutical developer.

Well, readers might recall that last Friday I suggested there are all sorts of things brewing at Tiziana Life Sciences.

And I understand some fresh data could emerge in the next week that could be transformational for the business, making Tiziana Life Sciences of interest to the pharmaceutical giants...

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Betaville Intelligence

RARE ALERT: Avacta Group said to be working on a multi-million pound equity fundraising

Thursday, 4 June 2020, 5:48 am

Avacta Group, the Aim-listed developer of a saliva test for Coronavirus, is said to be looking to tap investors for up to £30 million.

People following the situation said that Avacta is working with brokers from finnCap an equity capital raising via an accelerated bookbuild.

It's thought Avacta is considering issuing new shares at between 110p and 120p a share with a view to raising as much as £30 million...

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Punters placing bets LVMH's $16 billion takeover of Tiffany could be in trouble, according to Gasparino - Part 5

Wednesday, 3 June 2020, 8:12 am

Tiffany's shares slumped almost 10pc overnight amid a talk LVMH is getting cold feet again about the $16 billion takeover.

This time, though, it's not Gasparino but Women's Wear Daily stoking concerns with a report claiming LVMH's board members are to hold/held a meeting to discuss whether the company should back out of the deal. Below is a link to the WWD scoop:..

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Canary Wharf owner pounces on British Land with 7pc shareholding - Part 2

Saturday, 30 May 2020, 8:35 am

One of Betaville's favourite City writers offered an interesting view on Brookfield's surprise 7pc stakebuild in FTSE 100-listed British Land: "Acerbic" Alistair Osborne, a former Telegraph colleague and chief business commentator at The Times.

So, I have pasted a link to Alistair's piece below should you have a few spare minutes to catch up on the news this weekend:..

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Lee said to explore 26.5pc Shaftesbury stake sale, according to React News - Part 2

Thursday, 28 May 2020, 2:47 pm

David Hatcher over at React News is on fire, revealing just now that Capital & Counties is in talks to buy Sammy Tak Lee's stake in Shaftesbury in a move that would pave the way for a £3.1 billion combination of the two retail property giants.

Below is the link to David's scoop:

https://reactnews.com/article/capco-in-talks-to-buy-sammy-lees-shaftesbury-stake/..

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Betaville Intelligence

RARE ALERT: Rolls-Royce likely to see multi-million pound placing - Part 2

Wednesday, 27 May 2020, 9:34 pm

An investment group founded by Norwegian billionaire hedge fund manager Nicolai Tangen is said to be looking to sell around £300 million of stock in FTSE 100-listed Rolls-Royce through a secondary share sale.

Earlier today rumours whipped round the London market that Rolls-Royce, the aircraft engineering group, was likely to see a major placing - although it wasn't clear whether it was a primary or secondary sale of shares...

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Betaville Intelligence

RARE ALERT: Rolls-Royce likely to see multi-million pound placing

Wednesday, 27 May 2020, 8:41 pm

Rolls-Royce, the FTSE 100-listed aircraft engine maker, is likely to see a placing of a large chunk of shares.

However, it's not clear whether the placing is a primary or a secondary placing of stock.

People following the situation said Rolls-Royce is working with Morgan Stanley on the deal, which is being carried out by an accelerated book build.

The transaction is likely to be announced imminently, said people following the situation...

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Tchenguiz carted out of FirstGroup - Part 4

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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Cash calls - who is next? - Part 10

Monday, 25 May 2020, 11:50 am

Betaville is removing Marton's from the "cash calls - who is next?" list following last Friday's brewing joint venture deal Carlsberg, which gets the London-listed pub company out of a hole as it will receive £273 million of cash from the transaction...

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[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].