All,

Is there anyone here that is a client of City Equities?

If so, have they rung you regarding a mining/resource stock last Friday, or today?

If so, can you remember which one please?

I would be grateful if you could post it here, as I hold an account but don't want to ring because they can be a bit pushy.

Interesting article re "boiler room" brokers!

http://business.timesonline.co.uk/article/0,,8214-1324788,00.html

A list of the FSA "banned" companies can be found here


http://www.fsa.gov.uk/enforcement/firms_overseas.html

A list of the FSA "banned" companies can be found here


http://www.fsa.gov.uk/enforcement/firms_overseas.html

A list of the FSA "banned" companies can be found here


http://www.fsa.gov.uk/enforcement/firms_overseas.html

latest Parker Rowe tip (at 5p last week!) doesn't appear to be going too well!


Pearl Street Or 3.62 -0.875 -19.44% 3.25 4.00

Yes a total pile of hyped up sh*te Andy.

Parker Rowe read these bb's (certainly ADVFN) cos they asked a mate if he was "Dil" .

Apparently this Dil chap had slagged them off on ADVFN :-)

Here's the link Andy.

PSH Thread

Dil,

Thanks, this "Dil" chap seems to be a real thorn in their side!

The Mail on Sunday wrote an article about Parker Rowe a couple of weeks ago, it seems they are not so impressed either!

The link is pasted below;

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=396298&in_page_id=19&in_author_id=5

Pearl St. Holdings now doen to now 3p bid!

A 40% drop in two weeks?

Are these guys impoving?

A pertinent article for any potential CE clients, from the AFX today!
----------------------------------------------------------------------

UK small caps stay weak, near session lows midday; Myratech dives on stake news

LONDON (AFX) - Shares in UK smaller companies remained weak at midday, underperforming a firmer blue chip market with a sharp fall by 'shell' company Myratech a feature after stake sale moves by City Equities, dealers said.

At 12.18 pm, the FTSE Small Cap index was 6.1 points lower at 2,968.1, fractionally off the session low of 2,968.0, having only reached a peak of 2,974.5.


Shares in Myratech.net topped the smallcap casualty list at midday, shedding over 40 pct in value -- albeit with a 0.55 pence decline to 0.77 -- after news that City Equities had sold on its 17.63 pct holding in the 'shell' company.
Myratech said it had been informed today, that having purchased 50 mln shares in the 'shell' firm following a recent placing, City Equities has now sold the shares on to its private customers.
------------------------------------------------------------

A clear demonstration, if one was needed, of the effects of a City Equities bulk buy and sell on the value of a share.

And then of course there is the spread!

Parker Rowe received another mention in The Mail On Sunday yesterday.

Boiler room back in action

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=397988&in_page_id=19&in_author_id=5

Are there any current or past City Equities or Parker Rowe clients here please?

if so i would like to discuss what shares they have been offering, and success or failure rate of their recommendations.

Also, have any Parker Rowe clients bombarded with boiler room and bucket shop type broker cold calls since joining?

I got an email from them saying that they want to send me their current portfolio free so like a mug I mailed them back and got it. Ever since I have been getting a call a day off them. Thank god for caller display!!
This is their current recomendations I think.
Im not sure if they have sold any but here they are.
Cambridge Minerals, Earthport, Formjet, Hereward Ventures, Maverick Entertainment, Mediasurface, Mos International, Subsea Resources, Caledon Resources, Desire Petroleum, Pavilion Insurance, Regen Therapeutics, Screen FX, Telephone Maintenence Group.

If anyone wants a copy, either post your email address or contact me via the private mail facility via moneyam. Its in PDF format.
Wilbs

Don't give them the time of day. They really shafted me. It bordered on fraud.I was tempted to take it to the authorities but an individual can never beat a big boy. Stay away.

profitmaker,

I agree with your comments, they lied to me too, but I knew I was right, as I had done the research, so I never ever bought from them, I don't deal with people I can't trust.

They offered me EARTHPORT (LOL!) at 3.75p, when the market price was 4p offer. He read out a lengthy spiel about how EPO were going to take off, and were a fantasic opportunity. He then proposed I buy 90,000 shares at 3.75p.

I went away to check out EPO, and as I was doing so, "news" came up on the monitor. EPO had just done a placing to City Equities at 2.5p!

I knew the price would drop, which it did, so I rang the guy back at CE, and said I could now buy in the market cheaper than through him, as the price had dropped due to the CE placing at 2.5p. He kept on denying they had a placing, until I said the LSE website must be wrong then. Then he started talking about "that's how they make their money", and AIM stocks are risky etc etc.

I knew then I could never trust anything he said, and never bought from him.

Please share some brief details of your experience, which stock was it?

IMHO it's worth taking your complaint to the FSA, and Tony Heatherigton at The Mail on Sunday, as he has achieved a refund for a Parker Rowe client!

profitmaker,

try the fsa mate, they can only say no!!!

I would...

profitmaker,

Please check out the Mail On Sunday financial supplement pages 16 and 17 today!

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=401475&in_page_id=19&in_author_id=5
In particular, the final paragraph!

Post over in ADVFN. I was a client of City Equities until recently. I was shafted so many times I only have myself to blame. I agree they are very persuasive, and I believe that they dump sock from the larger clients on to us. My advice is never ever believe what City Equities dealers say.

profitmaker,

Check out the MOS article here;

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=401475&in_page_id=19&in_author_id=5