UK 19:27 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having at no-one-watching-o’clock on Friday announced a proposed related-party property transaction which looks of doubtful merit to the company and that 2014 results would “be substantially below market expectations” despite it having reported last month “profit before tax for the year to 31 December 2014 in line with market expectations”, the fiasco at AIM-listed housebuilder Mar City plc (MAR) has further worsened…
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Comments
alcira16247
Steve
Good work!
Fancy that stalwart of fine British banking tradition, the most noble of enterprises HSBC getting mixed up in what appears a very suspect business loan with the most unusual covenants. Is it just me or do others detect a whiff of a la Equities First shenanigans here?
I also wonder in light of these revelations, will Paul Scott honour Mar City the distinction of being added to the famous ‘bargepole list’?
wildrides
Blimey ……….. you could knock me down with just a picture of a feather . I am not invested here ,but none the less was shocked to find that what I thought was a solid outfit is a bit dodgy . Always did hate husband and wife outfits . To much scheming and self interest always seems to go on .
2+2=4
Would guess that HSBC also have other loans to the Ryan empire (and are perhaps taking security over everything they can get there hands on)
What has gone wrong here?