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Post by Deleted on May 3, 2023 14:33:34 GMT
As Andre Agassi once proclaimed for Canon cameras all those years ago: "Image is Everything!" I never subscribed to it but it seems that a certain Mr. Hauser seems to think that image is vital to the health, standing -- and the size -- of a stock market. Excerpts from: www.msn.com/en-gb/money/other/brexit-idiocy-blamed-for-shrinking-london-stock-market/ar-AA1aDkAy?ocid=hpmsn&cvid=d46d53288b1a40b2a394e3a80d729090&ei=6
Brexit ‘idiocy’ blamed for shrinking London stock market
Hermann Hauser, who co-founded the British microchip giant, claimed the company snubbed Britain for its bumper listing in part because of the damage done to the London market from leaving the EU.
Mr Hauser, who is no longer involved with Arm, said: “New York is a much deeper market than London and… because of Brexit idiocy, of course, the image of the London Stock Exchange has suffered a lot in the international community.”
Mr Hauser said that the ability to raise large amounts of money on the London Stock Exchange (LSE) had been curtailed since Britain left the EU. He said Arm could not raise the $10bn (£8bn) it was hoping to attract on the London market.
The company, whose microchip designs are used in billions of smartphones and other devices, was listed in London between 1998 and 2016, when it was bought by SoftBank for £24bn.
Then-prime minister Theresa May hailed the deal as a “vote of confidence” in Brexit Britain. SoftBank chief Masayoshi Son said he was “one of the first people to bet with a big size on the UK after Brexit”.
The Japanese conglomerate is now seeking to offload Arm. The Cambridge-headquartered company is trying to raise about $10bn through its listing at a valuation of between $30bn and $70bn, making it one of the largest stock market floats this year.
Arm announced in March that it was shunning the LSE in favour of the US, spurning advances from Rishi Sunak to float in the UK.
The decision by Arm came as a blow to the Government’s efforts to encourage more high growth companies to float their shares in London
It also fuelled wider concerns about the health of the LSE after several companies fled the market in favour of New York. Irish construction giant CRH is moving its main listing to the US and Paddy Power owner Flutter is considering a listing in New York.
Mr Sunak had repeatedly lobbied Arm to float in London, either as its main market or through a dual listing. Officials had reportedly offered to bend listing rules to attract the company.
Mr Hauser said there remained a lot of support in the City for Arm, so it would make a lot of sense for Arm to have a secondary listing on the LSE at some point in the future.
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Post by The Squeezed Middle on May 3, 2023 16:59:28 GMT
Meanwhile, back in the real world...
"The highest closing value of 8,012.53 was reached on 16 February 2023. The highest intra-day value of 8,047.06 was also reached on 16 February 2023."
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Post by Deleted on May 3, 2023 20:01:59 GMT
Meanwhile, back in the real world...
"The highest closing value of 8,012.53 was reached on 16 February 2023. The highest intra-day value of 8,047.06 was also reached on 16 February 2023."
Great news! But something that Arm obviously ignored deliberately since despite a record high posted in February, they still chose Wall Street over the City in March/April? How can a British company not have faith in Brexit Britain? It reminds me of Saudi Aramco in 2019. London even made adjustments to their listing requirements just so Aramco would list their 2-Trillion IPO -- the mother of all listings -- in the City; but in the end, they decided to ditch London for the local market. It was down to the political and economic uncertainties in the UK. If I remember correctly. |
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Post by Pacifico on May 3, 2023 21:21:54 GMT
Meanwhile, back in the real world... "The highest closing value of 8,012.53 was reached on 16 February 2023. The highest intra-day value of 8,047.06 was also reached on 16 February 2023."
Great news! But something that Arm obviously ignored deliberately since despite a record high posted in February, they still chose Wall Street over the City in March/April? How can a British company not have faith in Brexit Britain?
I dont know - but as Softbank are a Japanese company I dont suppose this case will teach us anything.. |
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Post by The Squeezed Middle on May 4, 2023 11:22:50 GMT
... Officials had reportedly offered to bend listing rules to attract the company.Which is another way of saying that ARM didn't meet the criteria for listing on the LSE. ...despite a record high posted in February, they still chose Wall Street over the City in March/April? Well if they're citing Brexit then why didn't they choose an EU stock market? Oh yeah, probably because they don't meet the listing criteria for those either. I suspect that ARM lacks sufficient stability to meet the LSE/European criteria so they went where the regulation is more lax. But, as ever, Brexit makes a convenient excuse.  |
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Post by Baron von Lotsov on May 4, 2023 12:29:38 GMT
As Andre Agassi once proclaimed for Canon cameras all those years ago: "Image is Everything!" I never subscribed to it but it seems that a certain Mr. Hauser seems to think that image is vital to the health, standing -- and the size -- of a stock market. Excerpts from: www.msn.com/en-gb/money/other/brexit-idiocy-blamed-for-shrinking-london-stock-market/ar-AA1aDkAy?ocid=hpmsn&cvid=d46d53288b1a40b2a394e3a80d729090&ei=6
Brexit ‘idiocy’ blamed for shrinking London stock market
Hermann Hauser, who co-founded the British microchip giant, claimed the company snubbed Britain for its bumper listing in part because of the damage done to the London market from leaving the EU.
Mr Hauser, who is no longer involved with Arm, said: “New York is a much deeper market than London and… because of Brexit idiocy, of course, the image of the London Stock Exchange has suffered a lot in the international community.”
Mr Hauser said that the ability to raise large amounts of money on the London Stock Exchange (LSE) had been curtailed since Britain left the EU. He said Arm could not raise the $10bn (£8bn) it was hoping to attract on the London market.
The company, whose microchip designs are used in billions of smartphones and other devices, was listed in London between 1998 and 2016, when it was bought by SoftBank for £24bn.
Then-prime minister Theresa May hailed the deal as a “vote of confidence” in Brexit Britain. SoftBank chief Masayoshi Son said he was “one of the first people to bet with a big size on the UK after Brexit”.
The Japanese conglomerate is now seeking to offload Arm. The Cambridge-headquartered company is trying to raise about $10bn through its listing at a valuation of between $30bn and $70bn, making it one of the largest stock market floats this year.
Arm announced in March that it was shunning the LSE in favour of the US, spurning advances from Rishi Sunak to float in the UK.
The decision by Arm came as a blow to the Government’s efforts to encourage more high growth companies to float their shares in London
It also fuelled wider concerns about the health of the LSE after several companies fled the market in favour of New York. Irish construction giant CRH is moving its main listing to the US and Paddy Power owner Flutter is considering a listing in New York.
Mr Sunak had repeatedly lobbied Arm to float in London, either as its main market or through a dual listing. Officials had reportedly offered to bend listing rules to attract the company.
Mr Hauser said there remained a lot of support in the City for Arm, so it would make a lot of sense for Arm to have a secondary listing on the LSE at some point in the future.
Hermann Hauser was one of the founders of the BBC micro. He was the businesshead side of the operation.
He's not giving the full picture here. Offloading that company to Softbank was a shrewd move for those selling. You see due to the chip wars brought about by the US against China there is a new competitor called Risc-V.
Here is a short introduction to the subject.
This guy in the video is generally a good source for computer related stuff - I recommend him.
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Post by Red Rackham on May 4, 2023 15:52:15 GMT
As Andre Agassi once proclaimed for Canon cameras all those years ago: "Image is Everything!" I never subscribed to it but it seems that a certain Mr. Hauser seems to think that image is vital to the health, standing -- and the size -- of a stock market. Excerpts from: www.msn.com/en-gb/money/other/brexit-idiocy-blamed-for-shrinking-london-stock-market/ar-AA1aDkAy?ocid=hpmsn&cvid=d46d53288b1a40b2a394e3a80d729090&ei=6
Brexit ‘idiocy’ blamed for shrinking London stock market
Hermann Hauser, who co-founded the British microchip giant, claimed the company snubbed Britain for its bumper listing in part because of the damage done to the London market from leaving the EU.
Mr Hauser, who is no longer involved with Arm, said: “New York is a much deeper market than London and… because of Brexit idiocy, of course, the image of the London Stock Exchange has suffered a lot in the international community.”
Mr Hauser said that the ability to raise large amounts of money on the London Stock Exchange (LSE) had been curtailed since Britain left the EU. He said Arm could not raise the $10bn (£8bn) it was hoping to attract on the London market.
The company, whose microchip designs are used in billions of smartphones and other devices, was listed in London between 1998 and 2016, when it was bought by SoftBank for £24bn.
Then-prime minister Theresa May hailed the deal as a “vote of confidence” in Brexit Britain. SoftBank chief Masayoshi Son said he was “one of the first people to bet with a big size on the UK after Brexit”.
The Japanese conglomerate is now seeking to offload Arm. The Cambridge-headquartered company is trying to raise about $10bn through its listing at a valuation of between $30bn and $70bn, making it one of the largest stock market floats this year.
Arm announced in March that it was shunning the LSE in favour of the US, spurning advances from Rishi Sunak to float in the UK.
The decision by Arm came as a blow to the Government’s efforts to encourage more high growth companies to float their shares in London
It also fuelled wider concerns about the health of the LSE after several companies fled the market in favour of New York. Irish construction giant CRH is moving its main listing to the US and Paddy Power owner Flutter is considering a listing in New York.
Mr Sunak had repeatedly lobbied Arm to float in London, either as its main market or through a dual listing. Officials had reportedly offered to bend listing rules to attract the company.
Mr Hauser said there remained a lot of support in the City for Arm, so it would make a lot of sense for Arm to have a secondary listing on the LSE at some point in the future.Oh Christ, I see Ursula's soothsayer is at it again. |
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Post by Deleted on May 5, 2023 10:59:30 GMT
... Officials had reportedly offered to bend listing rules to attract the company.You can look at it that way if you wish but if you look at it within its proper context then you will realise that you are mistaken. The context is this: It was a London-listed company before. Sunak and the government had been lobbying Arm to list in London. They were lobbying so hard and were desperate to attract Arm to list in London that they even offered to bend listing rules. Whether or not Arm met LSE's listing criteria is not the issue here. ...despite a record high posted in February, they still chose Wall Street over the City in March/April? Because the EU stock market is even smaller than the LSE??? It looks like you totally skipped this part: “New York is a much deeper market than London and… because of Brexit idiocy, of course, the image of the London Stock Exchange has suffered a lot in the international community.” "Mr Hauser said that the ability to raise large amounts of money on the London Stock Exchange (LSE) had been curtailed since Britain left the EU. He said Arm could not raise the $10bn (£8bn) it was hoping to attract on the London market."His reasons are very clearly stated: Brexit ruined the image of the LSE and so the ability to raise large amounts of money on it had been adversely affected. Simply put, Arm could not raise the $10B it wanted on the LSE because Brexit ruined the image of the LSE. And since the EU stock exchange is not a major player in the stock exchange market, it had to be New York. The questions I am asking are (a) is image really crucial to a stock market as in the Canon/Andre Agassi advert; and (b) has Brexit really ruined the image of the LSE? |
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Post by Deleted on May 5, 2023 11:02:46 GMT
As Andre Agassi once proclaimed for Canon cameras all those years ago: "Image is Everything!" I never subscribed to it but it seems that a certain Mr. Hauser seems to think that image is vital to the health, standing -- and the size -- of a stock market. Excerpts from: www.msn.com/en-gb/money/other/brexit-idiocy-blamed-for-shrinking-london-stock-market/ar-AA1aDkAy?ocid=hpmsn&cvid=d46d53288b1a40b2a394e3a80d729090&ei=6
Brexit ‘idiocy’ blamed for shrinking London stock market
Hermann Hauser, who co-founded the British microchip giant, claimed the company snubbed Britain for its bumper listing in part because of the damage done to the London market from leaving the EU.
Mr Hauser, who is no longer involved with Arm, said: “New York is a much deeper market than London and… because of Brexit idiocy, of course, the image of the London Stock Exchange has suffered a lot in the international community.”
Mr Hauser said that the ability to raise large amounts of money on the London Stock Exchange (LSE) had been curtailed since Britain left the EU. He said Arm could not raise the $10bn (£8bn) it was hoping to attract on the London market.
The company, whose microchip designs are used in billions of smartphones and other devices, was listed in London between 1998 and 2016, when it was bought by SoftBank for £24bn.
Then-prime minister Theresa May hailed the deal as a “vote of confidence” in Brexit Britain. SoftBank chief Masayoshi Son said he was “one of the first people to bet with a big size on the UK after Brexit”.
The Japanese conglomerate is now seeking to offload Arm. The Cambridge-headquartered company is trying to raise about $10bn through its listing at a valuation of between $30bn and $70bn, making it one of the largest stock market floats this year.
Arm announced in March that it was shunning the LSE in favour of the US, spurning advances from Rishi Sunak to float in the UK.
The decision by Arm came as a blow to the Government’s efforts to encourage more high growth companies to float their shares in London
It also fuelled wider concerns about the health of the LSE after several companies fled the market in favour of New York. Irish construction giant CRH is moving its main listing to the US and Paddy Power owner Flutter is considering a listing in New York.
Mr Sunak had repeatedly lobbied Arm to float in London, either as its main market or through a dual listing. Officials had reportedly offered to bend listing rules to attract the company.
Mr Hauser said there remained a lot of support in the City for Arm, so it would make a lot of sense for Arm to have a secondary listing on the LSE at some point in the future.
Hermann Hauser was one of the founders of the BBC micro. He was the businesshead side of the operation.
He's not giving the full picture here. Offloading that company to Softbank was a shrewd move for those selling. You see due to the chip wars brought about by the US against China there is a new competitor called Risc-V.
Here is a short introduction to the subject.
This guy in the video is generally a good source for computer related stuff - I recommend him.
Forgive me, but I can't see the connection between the choice of New York over London and the arrival of a product competitor. |
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Post by Baron von Lotsov on May 5, 2023 11:09:38 GMT
Hermann Hauser was one of the founders of the BBC micro. He was the businesshead side of the operation.
He's not giving the full picture here. Offloading that company to Softbank was a shrewd move for those selling. You see due to the chip wars brought about by the US against China there is a new competitor called Risc-V.
Here is a short introduction to the subject.
This guy in the video is generally a good source for computer related stuff - I recommend him.
Forgive me, but I can't see the connection between the choice of New York over London and the arrival of a product competitor. Well then you did not watch the video I posted. RISC-V CPUs are selling for 10p now. If it were ARM it might be a couple of quid. It means you can afford to use CPUs for many more products than before. ARM is history. |
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Post by Deleted on May 5, 2023 11:37:36 GMT
Forgive me, but I can't see the connection between the choice of New York over London and the arrival of a product competitor. Well then you did not watch the video I posted. RISC-V CPUs are selling for 10p now. If it were ARM it might be a couple of quid. It means you can afford to use CPUs for many more products than before. ARM is history. But Arm's issue is not about trade and commerce or trading or commercial performance. It's very clear: the issue on hand is equity. The Japanese owners, after having bought it in 2016/2017 or whenever, wanted to float the company -- for whatever reason. They wanted $10B and since no private investor was coming up with a cool $10B for Arm, they had to list the company and issue an IPO. Their question was: should they list in New York or in London? They chose New York over London because they wouldn't have or couldn't have raised the $10B on the LSE. And according to him, that was because Brexit damaged the image of the LSE to the extent that "the ability to raise large amounts of money on the London Stock Exchange (LSE) had been curtailed since Britain left the EU." |
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Post by Baron von Lotsov on May 5, 2023 11:56:11 GMT
Well then you did not watch the video I posted. RISC-V CPUs are selling for 10p now. If it were ARM it might be a couple of quid. It means you can afford to use CPUs for many more products than before. ARM is history. But Arm's issue is not about trade and commerce or trading or commercial performance. It's very clear: the issue on hand is equity. The Japanese owners, after having bought it in 2016/2017 or whenever, wanted to float the company -- for whatever reason. They wanted $10B and since no private investor was coming up with a cool $10B for Arm, they had to list the company and issue an IPO. Their question was: should they list in New York or in London? They chose New York over London because they wouldn't have or couldn't have raised the $10B on the LSE. And according to him, that was because Brexit damaged the image of the LSE to the extent that "the ability to raise large amounts of money on the London Stock Exchange (LSE) had been curtailed since Britain left the EU."Well I read the other day Chinese corporations are delisting on the US stock exchange and coming to London because London is the best choice of stock exchange for rasing capital. They were in New york but the US and its actions against Russia has caused the global financial industry to factor in a risk that was not perceived to be there before. They are worried their assets might be confiscated like in Russia. It's that random factor of Joe Biden's senile brain. |
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Post by Deleted on May 7, 2023 10:06:50 GMT
But Arm's issue is not about trade and commerce or trading or commercial performance. It's very clear: the issue on hand is equity. The Japanese owners, after having bought it in 2016/2017 or whenever, wanted to float the company -- for whatever reason. They wanted $10B and since no private investor was coming up with a cool $10B for Arm, they had to list the company and issue an IPO. Their question was: should they list in New York or in London? They chose New York over London because they wouldn't have or couldn't have raised the $10B on the LSE. And according to him, that was because Brexit damaged the image of the LSE to the extent that "the ability to raise large amounts of money on the London Stock Exchange (LSE) had been curtailed since Britain left the EU."Well I read the other day Chinese corporations are delisting on the US stock exchange and coming to London because London is the best choice of stock exchange for rasing capital. They were in New york but the US and its actions against Russia has caused the global financial industry to factor in a risk that was not perceived to be there before. They are worried their assets might be confiscated like in Russia. It's that random factor of Joe Biden's senile brain. It's all politics when it comes to China. There are Chinese companies delisting from London as well. So, IMO, movement in China's participation (listing or delisting) is not a real indication of the desirability of a stock market. It's all politics. The thing with US system is that the president is almost like a figure head. The people you must watch out for are those appointed in his cabinet as they are the actual policy makers. Slow Joe might seem to be senile; but those formulating policies definitely aren't. Same thing with Reagan. They kept saying he was too old -- "vegetable" joke, remember? I don't believe for one second that he formulated Reaganomics. |
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Post by Baron von Lotsov on May 7, 2023 10:22:57 GMT
Well I read the other day Chinese corporations are delisting on the US stock exchange and coming to London because London is the best choice of stock exchange for rasing capital. They were in New york but the US and its actions against Russia has caused the global financial industry to factor in a risk that was not perceived to be there before. They are worried their assets might be confiscated like in Russia. It's that random factor of Joe Biden's senile brain. It's all politics when it comes to China. There are Chinese companies delisting from London as well. So, IMO, movement in China's participation (listing or delisting) is not a real indication of the desirability of a stock market. It's all politics. The thing with US system is that the president is almost like a figure head. The people you must watch out for are those appointed in his cabinet as they are the actual policy makers. Slow Joe might seem to be senile; but those formulating policies definitely aren't. Same thing with Reagan. They kept saying he was too old -- "vegetable" joke, remember? I don't believe for one second that he formulated Reaganomics. I've not heard any reports of the Chinese de-listing from London. There was only one report on this and it was from China saying the LSE was the choice of stock exchange for China's largest corporations. I understand it was Biden who wanted Nord Stream blown up. The people around him are as evil as he is. Most of them are brainwashed. The fact is the non-Western world's trust in America is rock bottom. It's why they are forming the BRICS alliance, which so far has countries that support it at over half the world's population and a greater combined GDP than the G7.
By the way, the EU has about 15% of world GDP. We as a country must pay close attention to the other 85%. I think personally our goal should be fishing for business in East Asia. It will be the world's richest area in the future. At the moment we are a slave to American diktat. This has to stop or we will never be fully trusted. I'm also for a close business alliance with the EU. I think the EU is wise enough to understand we only wanted to break form the political alliance. We don't hate them or anything, just prefer a different political direction. |
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Post by Deleted on May 9, 2023 14:03:54 GMT
It's all politics when it comes to China. There are Chinese companies delisting from London as well. So, IMO, movement in China's participation (listing or delisting) is not a real indication of the desirability of a stock market. It's all politics. The thing with US system is that the president is almost like a figure head. The people you must watch out for are those appointed in his cabinet as they are the actual policy makers. Slow Joe might seem to be senile; but those formulating policies definitely aren't. Same thing with Reagan. They kept saying he was too old -- "vegetable" joke, remember? I don't believe for one second that he formulated Reaganomics. I've not heard any reports of the Chinese de-listing from London. There was only one report on this and it was from China saying the LSE was the choice of stock exchange for China's largest corporations. I understand it was Biden who wanted Nord Stream blown up. The people around him are as evil as he is. Most of them are brainwashed. The fact is the non-Western world's trust in America is rock bottom. It's why they are forming the BRICS alliance, which so far has countries that support it at over half the world's population and a greater combined GDP than the G7.
By the way, the EU has about 15% of world GDP. We as a country must pay close attention to the other 85%. I think personally our goal should be fishing for business in East Asia. It will be the world's richest area in the future. At the moment we are a slave to American diktat. This has to stop or we will never be fully trusted. I'm also for a close business alliance with the EU. I think the EU is wise enough to understand we only wanted to break form the political alliance. We don't hate them or anything, just prefer a different political direction. Here's one: www.scmp.com/business/banking-finance/article/3194648/chinas-sinopec-set-delist-london-stock-exchange-just-monthThe US seems to be involved "somehow" in every major war and destruction, from the Spanish-American war to Iraq to Libya to Syria to Palestine to the Russia-Ukraine conflict. Now, there is a conspiracy theory that the US instigated the Nord Stream explosion. It might be true but I still wouldn't call the US evil, in any case. That term is owned exclusively by a certain Adolf H and his gang. "Slave" is a bit too strong but I get it that the UK had to, have to and will always have to compromise slightly on rule taking. If it is not the EU, then it's the US. Or, potentially, China via the CPTPP. That's what we have become after the British Empire. The UK has to be part of a major alliance in which it is not always the rule maker; otherwise, we're just going to end up as what we really are -- this ex-over-achieving island with the bad weather. I, too, am for a close alliance with the EU. And that's even at the expense of a closer relationship with the US or with the Pacific. The question, though, is how close are you prepared to get until the delusions of power and grandeur take over again? |
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