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.

Tiziana Life Sciences back under the spotlight... - Part 6

Friday, 22 May 2020, 6:18 am

The buzz around Tiziana Life Sciences grows louder.

This is because there is talk circulating the market the company could be involved some major corporate activity over the next couple of weeks.

However, don't expect an imminent takeover bid for the whole business from Exact Sciences Corporation. That seems unlikely for a while, said people following the situation...

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Blair banker poised to depart from Credit Suisse - sources

Thursday, 21 May 2020, 4:56 pm

Betaville understands Russell Chambers, the rainmaker once dubbed "Tony Blair's favourite banker", is set to finally leave Credit Suisse.

Chambers - who hit the headlines in 2004 inviting Blair onto his yacht off Barbados in 2004 and lending the former British PM his swimming truncks - is preparing to leave the Swiss bank in June, said people with knowledge of the situation...

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BT Group in talks with Macquarie and others about selling stake in Openreach, reports FT - Part 3

Tuesday, 19 May 2020, 6:29 am

The financial commentariat really did get their knickers in a twist about last week's FT scoop about BT Group holding talks with infrastructure investors about a sale of a stake in Openreach.

But I have done a bit preliminary poking around and it would seem there is one very important question: why was the "denial" issued by Clive Selley, the boss of Openreach, through a memo to employees rather the company's chief executive via an RNS?..

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Tags: BT Group

Tiziana Life Sciences back under the spotlight... - Part 5

Monday, 18 May 2020, 6:45 am

Small cap enthusiasts will be watching to see how shares of Aim-listed Tiziana Life Sciences reacts this morning after its US ADR stock shot up 10pc on Friday evening on large volume.

Last week, Tiziana unveiled the details of a Royal Marseden trial for StemPrintER, its stem cell biology-based genomic tool for the prediction of disease recurrence in breast cancer patients, at the ASCO conference...

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BT Group in talks with Macquarie and others about selling stake in Openreach, reports FT - Part 2

Friday, 15 May 2020, 10:00 am

Last night's scoop from the FT about BT selling Opeanreach to Macquarie is getting a serious poo-pooing this morning from analysts, hacks and spinners.

Indeed, Jim "Armo" Armitage, City editor of the Evening Standard, pisses on the story from a high height. Below is a link to his column and a follow up "EXCLUSIVE" containing a "denial" in a leaked memo to Opeanreach staff:..

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Tiziana Life Sciences back under the spotlight... - Part 4

Thursday, 14 May 2020, 7:38 am

There will be plenty of small cap punters watching Tiziana Life Sciences this morning after it released details of a new study on StemPrintER, its stem cell biology-based genomic tool for the prediction of disease recurrence in breast cancer patients, at the ASCO conference last night.

Below is a link to an interview with Tiziana's chief executive Gabriele Cerrone, who has been working on the test over the last seven years...

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Cash calls - who is next? - Part 8

Wednesday, 13 May 2020, 9:23 pm

There are couple of new additions to the cash call list Betaville has been running over the last few weeks. They are: equipment rental company Ashtead and Stagecoach, the bus and rail operator. Below is the updated list:

1. International Consolidated Airlines Group

2. InterContinental Hotels Group

3. Compass

4. Mitchells & Butlers

5. Kingfisher

6. Marstons

7. Provident Financial

8. Travis Perkins..

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Betaville Intelligence

UNCOOKED ALERT: Urban Exposure said to ...

Tuesday, 12 May 2020, 4:00 pm

An investor that specialises in activism and private equity is rumoured to have built up a secret shareholding in Aim-listed Urban Exposure, the controversial residential development finance company at the centre of a takeover tussle for its loan book.

Christopher Mills - who runs Harwood Capital Management Group and the North Atlantic Smaller Companies Investment Trust - is thought to have bought a substantial stake Urban Exposure, said people following the situation...

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The day trader, the oil price crash and the $9 million debt

Monday, 11 May 2020, 4:08 pm

Syed Shah got a big fright the other day - a $9 million fright to be exact.

When US oil prices crashed last month Shah bought a bunch of futures contracts at what he thought was one cent a barrel, hoping to pick the bottom of the rout.

However, little did he know that at the time he was buying through his $77,000 account at one cents the real price of oil was actually minus $3.70 a barrel...

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A skewering by Sir Chris Hohn... - Part 2

Thursday, 7 May 2020, 7:09 am

Just when you thought things couldn't get weirder at Wirecard: along comes Deka.

The German investor, which owns a 1.6pc, shareholding in the controversial payments company is calling for the removal of Markus Braun, chief executive. Below is a link to Deka's quotes:

https://www.nasdaq.com/articles/deka-demands-removal-of-wirecard-ceo-2020-05-06..

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Cash calls - who is next? - Part 7

Wednesday, 6 May 2020, 7:59 am

Another day, another equity placing in the London market. This time it's FTSE 250-listed National Express, which has just announced an accelerated bookbuild to raise up 20pc (around £240 million) of its market capitalisation.

Embattled Lloyd's of London insurer Hiscox also announced the results of its equity fundraising, tapping shareholders for £375 million...

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IAG and easyJet could tap equity market for fresh funds, say Citigroup analysts - Part 3

Tuesday, 5 May 2020, 4:33 pm

Citigroup is today telling clients easyJet will have to launch a major cash call to raise between £700 million and a £1 billion.

Mark Manduca - airlines analyst at Citigroup, and son of City grandee and Prudential chairman Paul Manduca - reckons there is now a "high" probability the budget airline will have to carry out a rights issue in the coming weeks or months...

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Tech entrepreneur unveils multi-million pound stake in ailing M&C Saatchi

Tuesday, 5 May 2020, 7:44 am

Vin Murria has just announced she and her family own a sizeable shareholding in M&C Saatchi, the advertising agency that has been beset by accountancy issues since last year.

According to this morning's statement, Indian-born Murria - who made millions when Advanced Computer Software Group was sold to Vista Equity Partners in 2015 - now has a 13.25pc shareholding in M&C Saatchi, which was founded by adworld celebrities Maurice and Charles Saatchi. Below is the link:..

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