Tuesday, 11 August 2015

The Flying Scotsman is on fire...

It's a shame the boys - Bryce Elder and Paul Murphy - over at FT Alphaville's markets live have decided to take the summer off as they would have been able to bask in the glory of having another one of their stories confirmed.

US-based Shenandoah Telecommunications Company has finally announced it's buying Ntelos for $9.25 a share - exactly the same price Bryce Elder, who recently broke the story about Zurich weighing a £5 billion bid for RSA, mentioned in his scoop back in May.

Here is a link to Bryce's "exclusive" tale: http://ftalphaville.ft.com/2015/05/13/2129355/us-telco-raw-alert-ntelos-targeted-by-shentel/

I understand Bryce took a load of stick for his story from all sorts of market weirdos because Ntelos shares soared but there was no formal confirmation following the publication of the tale. But it's egg on face for those naysayers because clearly the intrepid hack from Dundee was spot on with is story!

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