Betaville

RARE ALERT: Mayan Energy said to be carrying fresh £2 million equity fundraising

Mayan Energy is poised to carry out its second equity fundraising in the space of just six months.

According to sources claiming to be familiar with the matter, Aim-listed Mayan is on the verge of carrying out a £2 million equity fundraising and the deal could be announced in the next few days.

One source said Mayan - which focuses on Mexico and the US - is looking to raise the money around 0.6p a share, which would be a significant discount to the current share price...

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Osborne rekindles ITV bid rumour...

Alistair Osborne, one of Betaville's favourite business commentators, today revives the ITV bid rumour is his excellent column in the business section of The Times.

It's been a while since a news organisation has trotted out the well-worn bid theory but Osborne is one of the wisest old hacks I have had the pleasure of working with, so it's worth paying attention to. I have pasted a link to Alistair's column below:..

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English on Cayman...

If your interested in a contrarian view on the Cayman Islands post the Paradise Papers "expose" then give Simon English's column in today's Evening Standard a read.

English is one of Betaville's favourite City commentators as he always provides sharp insight and evokes a chuckle. Below is a link to Simon's top column...

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The return of the former Kaupthing dealmaker and pants on fire...

Below is a link to Andrew Lynch's Prufrock column in The Sunday Times business section.

https://www.thetimes.co.uk/edition/business/carney-makes-case-for-capitalism-83l87t8m0..

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Another day, another Guy Hands deal goes sour...

It would appear buy-out baron Guy Hands is poised to lose control of care homes group Four Seasons. At least, that is what esteemed peers are reporting on Twitter this afternoon. In fact, Marlow over at The Daily Telegrah claims handing over keys could crysallise a loss of about £450 million for Terra Firma Capital Partners...

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Another day, another deal confirmed...

I broke the story back in January in The Sunday Times about 3i hiring NM Rothschild to flog Hobbs (see the link below), so it's good to see a deal with South African group Foschini has finally been confirmed.

Below is the link to the piece I wrote earlier this year:

https://www.thetimes.co.uk/article/hobbs-on-the-block-kq9nc739x..

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RARE ALERT: Walt Disney Co said to have rekindled interest in buying Twitter; price agreed - part 7

CNBC's David Faber landed a great scoop today about Walt Disney's recent deal talks with 21st Century Fox. Below is the link:

https://www.cnbc.com/2017/11/06/21st-century-fox-has-been-holding-talks-to-sell-most-of-company-to-disney-sources.html..

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Saracens owner takes stake in women's clothing retailer Sosander - sources

The London market is all aflutter today after a couple of big IPOs (Bakkavor and Arqiva) were scrapped. But don't fret - Betaville has some upbeat news about new(ish) listing at the smaller end of the market.

Sources familiar with the matter said Nigel Wray, chaiman of Saracens Rugby Club and serial investor, has snapped up a stake in Sosandar, the womens fashion etailer that is gaining a listing by reversing into an Aim-listed cash shell called Orogen...

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Sirius Petroleum said to be working on fundraising of up to $20 million - sources

Aim-listed Sirius Petroleum is in talks with investors about raising between $10 million and $20 million.

Sirius - which Betaville revealed several months ago had secured an offtake agreement with FTSE 100 oil giant BP - is looking to raise up to $12.5 million via an equity fundraising, said sources familiar with the matter...

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Is the tide turning for Odey the Brexiteer? - part 26

Ping! An email arrives from a retired City contact who is in a bit of grump about receiving a letter from Odey Wealth.

Betaville's chum hasn't heard from Odey Wealth for four years but suddenly the private client arm of Odey Asset Management has got in touch asking whether he would like invest in funds either managed or overseen by charming Crispin...

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Billionaire broker on rates, recession and the Governor...

Followers of my work might have noticed a piece in this weekend's The Sunday Times quoting Peter Hargreaves, the billionaire founder of Hargreaves Lansdown, with his views on where stock markets might go next given they are flirting with record highs. Below is the link in case you missed it:..

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Banks rows - Greenburgh cited - part 4

They do say imitation is the sincerest form of flattery. So, Betaville is feeling rather flattered after reading today's City insider column in the venerable Financial Times.

One item in the column, written by senior FT hack Patrick Jenkins, is rather similar to tale about Matthew Greenburgh first aired on Betaville a few days ago. Below are the links:..

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