Cantor’s spread-betting is the talk of the town

Cantor’s spread-betting is the talk of the town

Instead of the trades that might make them money, some of London’s smartest punters were more interested in the future of one of the shops that takes their bets. They heard (and passed on) rumours that Cantor Fitzgerald, the American brokerage house that mopped up Seymour Pierce last year, is about to offload its spread-betting and contacts for difference, or CFD, business.

The idea, according to those who thought themselves in the know, is that Charles Knott — the man who runs that business and a specialist in dealing for what the City likes to call “high-net-worth” individuals — will carve it out of Cantor.

Cantor would concentrate then on institutional broking and market-making, while its CFD and spread-betting business is dropped wholesale into Solo Capital, an acquisitive boutique financial services group with connections to India and the Middle East.

The plan, purportedly, is then to roll in Old Park Lane Capital, the broking house founded and run by Michael Parnes, son of Anthony Parnes, the millionaire stockbroker nicknamed “The Animal” who became embroiled in the Guinness scandal in the 1980s. Old Park Lane brings settlement facilities and regulatory licences to any combined entity.

Otherwise, the wider stock market trod water. Again. The FTSE 100 drifted 12 points lower to 6,792.2, with traders reluctant to take meaty positions before the latest update on the Federal Reserve’s thinking today and before Scotland decides whether to remain part of the United Kingdom tomorrow. Stock markets across Europe nursed similar, modest losses.

Among those weighing on London was ARM Holdings, off 18p at 920p after the Nasdaq endured its worst day since July on Monday. America’s technology investors were said to be clearing the decks for the market debut of Alibaba, the Chinese e-commerce company, at the end of the week.

SABMiller, whose merger ambitions were knocked back by Heineken within the past fortnight, slid 79p to £36.61 after it emerged that no takeover talks were happening, for now, with Anheuser-Busch InBev, the biggest drinks group of all. Still with the drinks industry and Punch Taverns was 3.9 per cent higher at 9.35p. Today, finally, the company should be given the go-ahead for a painful debt-for-equity swap after years of talks with bondholders.

Back in the Footsie, Pearson, the publisher of textbooks, ran 20p higher to £12.26 after a push by Morgan Stanley, while miners were underpinned by positive research from Deutsche Bank. Oil shares were buoyed by a jump in crude prices after Opec signalled a production cut and Libya curbed output. Royal Dutch Shell’s B shares rose 19½p to £24.99½.

On AIM, TXO jumped 38.7 per cent to 0.215p after a contract to process waste oil with a company in which it invests was extended. For TXO bulls, that offered proof that the potentially highly lucrative technology works.

Thalassa Holdings was thumped 41½p, or nearly 23 per cent, to 139p after a horrible profit warning. Blaming sanctions against Russia and a new chief executive at a Russian state-owned customer of its seismic surveys, the energy services company is struggling to convert its pipeline into revenue. In response, WH Ireland hacked back its target price for the shares from 400p to 260p.

Investors go where action is

There was plenty of action in Action Hotels as investors in London checked into the only listed Middle Eastern hotels group.

Sheikh Mubarak, its founder and chairman, is a member of the Kuwaiti ruling family. He delivered a maiden set of interim results this week that drew applause from investors who had backed the business when it floated on AIM last December, among them Andy Brough, the Schroders star fund manager, and L&G.

Revenues were higher. So, too, were occupancy levels and the value of Action’s half-dozen hotels. Less gold taps and polar bear-skin rugs, Action focuses on the Middle East’s mid-market, taking in brands such as Premier Inn, Holiday Inn and Ibis.

Unusually, Action develops, builds and owns its hotels, but lets its brand partners look after marketing, operations and other “front of house” functions. A further nine hotels are under construction in the United Arab Emirates, Bahrain, Oman and Saudi Arabia.

Both Sanlam and finnCap were pushing Action shares that made their debut at 64p and settled at 69½p yesterday, valuing the company at north of £102 million.

Wall Street report

A rise in oil prices was the cue for energy stocks to climb on Wall Street, sending the Dow Jones industrial average back towards the record-breaking territory of last month. At the close, the Dow stood on 17,131.97 points, up 100.83.

Make the most of free bets

Today, perhaps more than ever, the gambling industry is willing to give money away to new customers in order to get them to sign up. Whatever site you’re thinking of joining you’ll find there’s free cash available. And if there is free cash up for grabs, and you’re going to spend money on gambling anyway, why not take advantage of these offers?

For example, if you enjoy casino games like roulette or blackjack, you’ll find that every casino sites offers new players a welcome bonus when they first make a deposit. On some sites the bonus level can be up to 200% or more, depending on how much money you first put down. It’s a way of getting us to spend more, of course, but as long as you are sensible with the amount of your own money that you put in, you can really increase the ‘bang in your gambling buck’ by cashing in on these kinds of bonuses. £30 will go much further than the original £10 you were planning to put in.

And if you enjoy having a bet on the horse racing or other sporting events like the World Cup or Wimbledon, there are always free bets to be had when you join a betting site too. For example, at Betfair at the moment, new customers who place a pre-match Sportsbook bet on any of the World Cup quarter-finals will have their bet refunded as a free bet if the game goes to extra time. And on top of that, Betfair is offering another free £50 matched bet which can be placed at any time. If you’re going to be watching France vs Germany on Friday this week, you may as well have a free bet on the match to keep things interesting. Mind you, if the game’s anything like the quarter-final between the same two countries in 1982 – an epic which led to the first penalty shoot-out in World Cup history – it should make for pretty interesting viewing with or without a bet on!

For those people who like to place sports bets as much as they enjoy playing gambling games online, the best solution is to find a site that offers a bit of everything, with a choice of games and a sports book as well. While you could in theory get better value out of opening a number of casino and betting sites accounts and taking all the bonuses you can, it becomes far too complicated keeping track of your spending that way. Far better to adopt a cleaner approach and have one account for all your gaming and betting spends in one place.

The golden rule to remember when gambling, of course, is that you shouldn’t play with money you can’t afford to live without. And if you can keep that in mind, you can’t go too far wrong.

This article is provided by Common Sense Style Blog.

Advantage Gambling Play Returns – June 2014

June

GB/PB boosts 7.94
Betbright ref misc 44.92
Racebets BTT 25.40
Racebets derby 17.87
Coral e/o 4.85
Netbet reload 51.13
Betfred boosts 168.27
Titanbet 20/10 5.55
Betinternet tennis 8.98
Skrill cb 20.71
Bet365 4/1 6.40
Misc losses (4.42)

New:
666bet 39.83
1bet2bet 72.83

US:
Betonline 95
Belmont 167

Casino/Games:
Ladbrokes Groves 8
Ladbrokes fs 2.90
FBP/V 3
Sky 3.63
William Hill misc 153.04
Misc losses (6.53)

US Open:
Misc losses (8.99)

Wimbledon:
Titanbet 10/10 +6.87
Bwin tennis FB 1.20

Ascot:
Day 1:
Coral FB 5.83
Coral e/o 9.81
Titan FB 7.78
Winner FB 5.31
Bet365 4/1 18.02
Starsports 3 x e/o 45.62
Betfred boosts 104.55
Misc losses (6.85)

Total: 190.07

Day 2:
Betfred boosts 56.34
Bet365 4/1 8.17
Tote.ie 2.76
Starsports 53.48
Error 75-back one horse, lay another and luckily the result goes my way.
Misc losses (10.75)

Total 198.50

Day 3:
Coral Champs Club 31.02
Misc losses (3.46)

Total 27.56

Day 4:
Bet365 4/1 24.17
Geoff 86.85
Arbs 21.32

Total 132.34

Day 5:
Racebets £5 3.91
Betfred boost 129.49
Misc losses (8.73)

Total 124.67

Ascot total: 673.14

WORLD CUP 2014:
Ongoing:
Genting FB 6.38
Betsafe refs 252.88
Betfred boosts 251.59
Lightbet reload 164.60
Betbright misc 65.02
Betbright draw ref (16.14)
Pc World cash for goals 40-chose Brazil when buying my new tele
PB/GB boosts 42.77
Bwin ref if Bra not win 4.67
Netbet reload 50.34-tend to underlay these massively to pay myself if I need to complete wagering
BRK in play 6.84
Comeon misc 47.24
10bet reload (0.32)
Coral ref if Eng win (2.94)
Coral FB 28.76
GeoffBanks misc 21.07
Unibet injury time 30.99
Jennings ref if (4.57)
Ladbrokes Eng 98.57
Spain OR lays 6
Brazil OR lays 93.65
Bet365 ref if pens Chile 20
Betclic 2.51
Seaniemac/Bet McLean (0.86)
Titanbet misc 16.51
Betway Saurez 19.43
Superlenny 6.14
Dafabet ref if Spain win back Italy (4.47)

Casino/Games:
William Hill misc 97.45
Betfair mini cleo 7.85
Betfair Arc 3
Skybet 4.34

World Cup total: 1359.30

Total £2,928.82

YTD: £12,453.39
MTH AVE: £2,075.57

My best return since March and Cheltenham. A busy month with Ascot and the World Cup. I actually took the whole month as leave, and whilst its been great not having to work shifts I didn’t really make any more at this lark despite having more time.

Onto July and the climax of the World Cup more MLB and some high quality horse meets.