WARNING ABOUT PRIVATE EQUITY RAIDING TO ALL STOCKHOLDERS.
A Private Equity Snapshot
[Daily Mail -City Editor-March 29-2007
WANT to buy a cheap digital camera?
Then I suggest you visit your local Jessops store as soon as possible.
If you delay the shop may have closed due to curtailed operations or
worse the whole enterprise could have tipped over the edge.
The much postponed flotation of Jessops
in 2004 is one which should never have taken place. The initial hopes of
the bankers ABN-Amro had been to obtain 185p-220p price. In the end the
market coughed up
155p a share.
Now the same stock, after a 68pc fall
in latest trading, is worth 15p and the management is having to go
begging to bankers HSBC.
Clearly.the existing management headed
by Chris Langley are hardly the Stock Market pin-ups of the moment
having managed three profit warnings, two in the last month. The latest
came after a 5.2 pc drop in digital camera sales despite having to slash
The company seems to have been caught
with too much stock at a time when prices of digital equipment have been
A couple of bodies, the commercial
director Robin Whitbread and the chairman Gavin Simonds, are being
thrown to the wolves
BUT THE REAL BLAME
-for this debacle goes back further. No
one should forget that
- is another product of
The first attempt to bring the group to
the market was made by Bridgepoint Capital, which passed it on to
-when it failed to move the chain off
The REALITY is the Private Equity
-investors put up new fascias, packaged
up a chain which expanded fast but was left behind by the digital
revolution and passed on suspecting but trusting
There ought to be a WARNING sign across
al prospectuses which come via the
PRIVATE EQUITY SECTOR
HANDLE WITH CATRE
-the best returns have already been
enjoyed by our
-bunch of investors, now it's time for
the ordinary mugs to pick up the pieces.
There is a lesson here somewhere for
-investors and staff in Alliance Boots
and J Sainsbury,
-under siege from the
[We commend Alex Brummer and the Daily
Mail in bringing this important issue before its readers -many of whom
depend on the impartial advice from their regular newspaper.]
[Font Altered-Bolding & Underlining Used -Comments in
THE PEOPLE HAVE
SPOKEN-IS THE EU COMMISSION LISTENING?
Ditch the EU
TREATY after IRISH REJECTION
[Daily Mail-Wednesday, June
MORE THAN HALF of voters believe Britain should
drop the controversial European Treaty in the wake of its
rejection in last week's
The poll comes as the Tories launch a last-ditch
bid in the
HOUSE of LORDS
today to delay the
have signed a
within the past few days
, calling on the
NOT TO RATIFY THE BILL
[WHY DON'T YOU?]
So You Want Out
Of The EU
THEN WHY NOT SIGN THE
RENUNCIATION of EU CITIZENSHIP
Details from petition creator
With the signing of the Maastricht
Treaty the people of Britain were given
EUROPEAN and BRITISH
The extra tier of citizenship was
thrust upon the people without their consent -and in many cases
The PEOPLE of GREAT BRITAIN should be
allowed the option of opting out of the EUROPEAN CITIZENSHIP if they so
wish. The GOVERNMENT will then be able to provide those who have opted
-only such as British (not EU)
passports, driving licences and other national documents.
EU laws will also NOT APPLY to those who
HAVE OPTED OUT OF EUROPEAN CITIZENSHIP
[PETITION OPEN UNTIL
Let the people speak!
[Latest Addition - June07]
Daniel Hannan - Forming an OPPOSITION
to the EU
GORDON BROWN WANTS TRUST-BUT WHY WON'T
HE TRUST YOU?
HELL ON EARTH IN IRAQ
67% want powers back from
EU-ICM poll-June 21-2007-95%
of British people want a
SIGN TODAY ON LINE
WITH THE ONLY PARTY WITH A MANDATE
TO SET YOU
THE QUESTION THAT THE
VOTER MUST ANSWER
YOU WISH TO BE GOVERNED BY YOUR OWN PEOPLE, LAW AND CUSTOM OR BY THE
CORRUPT ,EXPENSIVE UNACCOUNTABLE AND CORRUPT ALIEN BUSYBODY BRUSSELS’
-SIMPLE IS IT NOT?
TO RECLAIM YOUR DEMOCRACY DON'T VOTE
FOR THE TRIPARTITE PARTIES IN WESTMINSTER
SMALL PARTIES THAT SPEAK THEIR MINDS
WITHOUT SPIN AND LIES.
-ITS PARLIAMENT -WALES-ITS
AWAITS ITS PARLIAMENT-WHY?
[All underlined words have a