I rekindled my "top of the market?" series back in late December 2016 as the FTSE 100 index began to flirt with a recod high of 7100. Here is the link to that piece in case you don't recall:
https://www.www.betaville.co.uk/news/top-of-the-market-the-series-returns/
But since then the blue-chip index has powered on, closing yesterday at just over 7400...
There is more gloomy news from London's small cap stockbroking industry.
I hear Daniel Stewart, which has seen its shares suspended, has this week begun a major cull, possibly about a third of its work force.
Whether this latest purge is connected to Brexit or just an extension of the general malaise in the industry remains to be seen.
I asked Peter Shea, chief executive of Daniel Stewart, about the job losses but he declined to comment...
I see Imaginatik, in which Rob Terry has been re-building a substantial stake, has announced the details of its cash call today, effectively confirming my tales from last week and yesterday. Here is the link:
http://www.investegate.co.uk/imaginatik-plc--imtk-/rns/fundraising/201605250700111980Z/..
Controversial businessman Rob Terry doesn't plan to participate in Imaginatik's £2 million cash call.
Readers will remember that last week I broke the story about how AIM-listed tiddler Imaginatik was plotting a £2 million fundraising via a placing and open offer...