Playing for high stakes on fruit machines
Article Abstract:
The United Kingdom gambling machine sector has been affected by deregulation. This is a mature industry, and large leisure groups are selling the gambling machines businesses, while venture capitalists are buying the businesses since they need little investment and have solid cash flows. Limits on sums that can be won from these machines have been raised and the new limits will be in force from Oct 1998. Machines that take credit cards are likely to be introduced, and further increases in prize limits are also likely.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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The tussle for Tandem
Article Abstract:
Tandem is a bicycle company which reported a pre-tax loss of 3.37 million pounds sterling for 1996, with no improvement expected for the following year's results. The company's stock price has also dropped, and an emergency stockholders' meeting is to be held where rebel stockholders will seek to move the company away from bicycles and into horse racing. Racecourses can be purchased from funds raised by selling assets, the rebels argue, though their plans have yet to be revealed in detail.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Secrets of a stock market stuntman: Want to know how to make a killing from falling share prices?
Article Abstract:
Self styled stock market stuntman Simon Cawkwell has the nom de guerre of Evil Knievel, and he thrives on the margins of the City. He makes money through falling share prices rather than rising share prices. He sees short selling as a tremendous gambling game and he is though to have made 250,000 pounds sterling from the collapse of the Maxwell corporation. There are some who feel that short selling should be banned as it is open to abuse.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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