Wednesday 13 January 2016

The maverick retailer, the upper class fund manager and ... spoof

James "Quinny" Quinn, the group business editor of The Daily Telegraph, has just published a rather good story about the urbane Crispin Odey upping his stake in Sports Direct to back over 5pc. Here is the link:

I guess Quinny's jackanory confirms one element of the market gossip I had picked up today - that Odey had finally stopped selling Sports Direct shares after telling The Daily Telegraph on the record last week he is significantly reducing his position.

Clearly, though, my snout only had half of the real story, so hat tip to my former colleague for bottoming out the whole tale.

Still, it begs the question: what is Crispin Odey up to (apart from incurring heavy dealing costs) buying and selling such large chunks of Sports Direct stock in a short time frame?

Well, if I'm completely honest I'm not sure what to make of Odey's trading style but what this latest episode does show is that Mike Ashley, the founder of Sports Direct, isn't the only business big shot who likes to play spoof with hundreds of thousands of pounds...

1 comment:

  1. My life became devastated when my husband sent me packing, after 8 years that we have been together. I was lost and helpless after trying so many ways to make my husband take me back. One day at work, i was absent minded not knowing that my boss was calling me, so he sat and asked me what its was all about i told him and he smiled and said that it was not a problem. I never understand what he meant by it wasn't a problem getting my husband back, he said he used a spell to get his wife back when she left him for another man and now they are together till date and at first i was shocked hearing such thing from my boss. He gave me an email address of the great spell caster who helped him get his wife back, i never believed this would work but i had no choice that to get in contact with the spell caster which i did, and he requested for my information and that of my husband to enable him cast the spell and i sent him the details, but after two days, my mom called me that my husband came pleading that he wants me back, i never believed it because it was just like a dream and i had to rush down to my mothers place and to my greatest surprise, my husband was kneeling before me pleading for forgiveness that he wants me and the kid back home, then i gave Happy a call regarding sudden change of my husband and he made it clear to me that my husband will love me till the end of the world, that he will never leave my sight. Now me and my husband is back together again and has started doing pleasant things he hasn't done before, he makes me happy and do what he is suppose to do as a man without nagging. Please if you need help of any kind, kindly contact Happy for help and you can reach him via email: