Good Bank Holiday Evening,
It wise to consider PLUS 500 (PLUS) as the new CPP. Having
had a few gins with a brand consultant (whom in no way is associated with
PLUS). She's of the opinion PLUS 500 are the new CPP Group and a decline in
revenues is likely to impact on the bottom line.
CPP's updated the market regarding their discussions
with FSA in March 2011 and a sensible investor can tell you the
outcome. PLUS have not been implied as mis-selling although with the absence of
a client suitability questionnaire, clients may think they have a claim. This
of course depends on where the law stands on knowing your client or not.
What is probable is an exodus of punters, with PLUS being
alleged to have removed posts of discontent customers from Facebook. More so,
it does not appear to be limited to UK customers. PLUS have their AGM on
Wednesday, 27 May 2015 at Liberum Capital, Ropemaker Place, 25 Ropemaker
Street, London, EC2Y 9LY. Could it be a lively affair!?!?
With thanks to a reader of this blog the terms will be
changing, suffice to say the latest "market abuse campaign"
may have ramifications for those expressing their views that trade
significantly. Simply if it requires significant cost, the savvy few will
simply stop airing their views.
Atb Fraser
Fraser the unedited version may have been more appropriate on QPP valuations, not zero but needing some work. Good work and you are of course welcome. CwC
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