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.

ARM Holdings and those share trades

By Tom Winnifrith

16 June 2015 01:05

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I do not normally cover companies capitalised at £15.5 billion but I am puzzled by ARM Holdings (ARM) and the matter of its share buybacks. It is very odd.

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Comments

john g

16 June 2015, 02:12

Tom

have a look at KEFI today…. the sort of thing directors get away with AIM.

11th of May – just five weeks ago…..

http://www.investegate.co.uk/kefi-minerals-plc—kefi-/rns/financing-update/201505110700267382M/

“ The Directors have advised the Company that it is their intention to subscribe for approximately GBP250,000 of new Ordinary Shares at not less than the Placing Price as soon as practicable following the Company ceasing to be in a close period..”

the placing price was then 1p

Did they fulfill that ‘intention’ ? Did they buggers.

Today they announce yet another placing :

http://www.investegate.co.uk/kefi-minerals-plc—kefi-/rns/conditional-placing-to-raise—2-9-million/201506160700112357Q/

“Directors have subscribed for 31,250,000 Placing Shares in the Placing at the Placing Price.”

What’s the placing price ? 0.8p.

AIM is filled with bunch of liars
winsome147

16 June 2015, 14:05

Tom,

Would be interested to read your thoughts on Flowgroup’s announcement today and the ‘coinicidental’ big drop in the share price the day before this announcent. This seems like a pig of a stock to own with no long term prospect of profits.