Will It Be Second Time Lucky for MyHome?

Will It Be Second Time Lucky for MyHome? By Richard Gill Just like getting back with an ex-partner, there are number of risks involved in investing in companies which have previously gone bust and come back to the market in a different, but recognisable, guise. Take Game Group for example. The computer games retailer was a stock market darling as recently as 2008, as it benefited from bumper sales of next generation consoles. However, the shares collapsed from 300p to just 2.4p in little under four years as the firm suffered from a cyclical industry downturn, heavy losses and unsustainable levels of debt. After being put into administration the company returned to the market in June 2014 as Game Digital (LON:GMD). But old issues have come back to haunt the business, with difficult trading conditions causing two profit warnings and leading to the collapse of the shares, from an IPO price of 200p to the current 72.5p. Investors also have to watch out for those nasty private equity firms taking most of the benefits. Back in 2008 Sun European Partners was able to get its hands on the business of ScS Upholstery for an undisclosed (but believed to be token) sum after the firm's own administration. Re-floating the business as SCS Group (LON:SCS) in January 2015 Sun cashed in for £35 million as well as retaining a 42% stake… Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,828.54, a decrease of 30.41 points. The FTSE 250 fell 2.02 points to finish at 17,872.08. The FTSE All Share dropped 13.19 points to finish at 3,722.71. The FTSE AIM All Share finished at 788.74, up by 2.26 points. Shares in  Polymetal International (POLY) dropped by 25p to 1,158p after the company approved a debottlenecking project at its Amursk POX plant. The work will increase the facilities capacity by around 50% and management believe that it will materially improve the prospects of the business. The costs of the project are estimated at $55 million (£42 million) and will be booked in 2017 and 2018. Get our August issue While it's hot! Click HERE to read. Traffic data specialist Tracsis (TRCS) said that it traded well in all its divisions during the year ended 31st July. Both of its recent purchases, Ontrac and SEP, picked up significant orders post acquisition and helped revenues grow by 26% to £32 million. The company expects to book an adjusted loss before tax due to costs linked to takeovers and the disposal of the firm's Australian operations. The shares climbed by 4.17% to 512.50p. Shares in AIM-listed mining outfit Stellar Diamonds (STEL) plunged 15.79% to 6p after the firm announced that it is to create the largest diamond mining operation in West Africa via a reverse takeover of Octea Mining's Toguma kimberlite project in Sierra Leone. Technical due diligence has been carried out and the parties have agreed to exclusive, non-binding terms. The transaction requires clearance from Sierra Leone's Ministry of Mines.   Tomorrow's news today  Persimmon (PSN) will release interim results. Quote of the day "I wish the government would put a tax on pianos for the incompetent." - Edith Sitwell Latest Stories Chart of the Day: Nationwide By Zak Mir The housing market remains the big dinner party subject of choice, with the general conclusion being that it is a market which is a "one way bet". However, stocks related to this market, such as estate agent Countrywide, have a rather more complex technical set up… Click Here To Read The Full Story Is It Time to Take Profits at Rio Tinto? By Robert Sutherland Smith Rio at 2,458p (last seen) has a lot of room for a share price pull back. Finding cash for investment and dividends must be a struggle.  Rio Tinto (LON:RIO), the largely iron ore and copper mining stock, may be in the process of a long recovery... Click Here To Read The Full Story The Evil Diaries: Baillie Gifford Shin, Bowleven and Phosphorus By Evil Knievil As it happens I sold my family's Baillie Gifford Shin (BGS), a Japanese equities investment trust, about four weeks ago. I have heard it claimed that the trend of dividends in Japan is so strong that Japanese equities will not go down… Click Here To Read The Full Story Zak's Weekend Charts Round-Up By Zak Mir FTSE 350 Stocks Glencore (GLEN): Initial Ceiling towards 200p Shares of Glencore have lost some of the momentum of their great 2016 rally, with the question now being whether this is due to the market saying that enough is enough for the rise from under 70p… Click Here To Read The Full Story Something for the Weekend – Brazil Reversed (Huge Gains) By Adrian Kempton-Cumber I expected the Rio 2016 opening ceremony to be a bit more Benny Hill than it was. Brazil is a country where gender stereotypes are revered… Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. You are receiving this email because you opted in at our website. 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