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.

That was me you b*stard!

Gausie,

You still pushing DMR?

Yep. Off a cliff.

lol

Are there any clients of Pacific or FSW Europe here ?

On the main thread of City Equities, I have been stupid enough to fall for their slick patter on six occasions. I'm still amazed at some of the rubbish I'm holding that was dressed up as 'a very exciting situation'. Exciting for CE maybe who act as principle buying into shares issues low and then punting them out for a nice profit.

I'll stick to following my own instincts and research rather than these so called penny share 'experts'

From my experience I would advise not to deal with these people.

Peeps, surely you are all aware of the compensation City Equities had to pay out to a former employee for unfair dismissal. The guy exposed the company's policy of passing on the worthless shares to their clients for a hefty premium, having acquired the same shares at a large discount.
The employee was awarded around 30000 in compensation (if memory serves me correctly).

Keep away from this company!!!!!

Link to a report of the case below.

http://www.lse.co.uk/ShowStory.asp?story=BY416170T&news_headline=broker_wins_%C2%A335000_for_unfair_dismissal

clover, britshare,

Excellent links to this case, many thanks!

EVERYONE should read that article IMO!

Oi Gausie ... if I had known it was you I wouldn't have been so polite.

Everyone should be aware of the crap recomended by City Equities. I was taken in by them 3 years ago and am still paying the price. Just so you dont think i am biased towards them take a lok at their last equitity market update July 2005 and the seven recomendations they gave, price then and now.

Access Int ACC. 10p price now 7.125p -30% approx
Blackrock Oil BLR.L 1.63p price now 1.55p - 5% approx
Delling Group DLG.L 21.50p price now 12.50p - 41% approx
Heartest Hol HTH.L 0.53p price now 0.57p + 6% approx
New Media NMI.L 2.75p price now 1.375p - 50% Approx
Quinnects QTC.L 1.88p price now 1.75p - 7% approx
Intandem IFM.L 3.88p price now 2.75p - 29% approx

Out of seven recomendations six are down substantially, and one up 6%. If you then have the missfortune to have a dealer ring you from time to time with other recomendations, not on the equitity maret updates you are in for some serious losses. On Monday i will list the recomendations made to me and show you what happened to them to date. It doesn't make me look good but I was a novice then.
I have kept a close eye on City Equities since then and how they are still in busnes is a mystery. I do not recomend anyone dealing with City Equities. I felt that they wre dumping dud companies on me, and also dumping bad stocks on me from their bigger clients.

crockanure8,

A very interesting post, and one that others here should read and inwardly digest IMO.

I am looking forward to your list of recommendations and what has happened to them since next week.

They recommended EPO to me at 3.75p, and it was below a penny in no time!

After that , the dealer would always ask me if I had three months salary in the bank BEFORE he would give me the recommendation, and as I always said I didn't, he never told me any more recommendations!

Andy
Will have the list in the morning. I can promise everyone it makes
spectacular reading. I am going to make it my personal hobby checking up
on them, and showing them for what their worth. Andy keep posting re City Equities to keep the BB on the leader page.
Crock

,,,a pump and dump worthless bunch of third rate "all patter" salesmen with as much knowledge of the markets as well,,,... Used car salesmen come to mind . ..ln a word: CRAP !!!!! ....@+ J

LOL

i bought cybit holdings a about 3 years ago on their recommendation and still holding at a big loss, i think it will come good eventually but jeez it will take a long time. On their part they did suggest SEO, TAL in the same batch which havent done too bad!

Andy,
Global Marine Energy. 150p Price Now 24p -84%
Telephone Maintenance Gp 4.5p Price now 2p -50%
Dowgate Capital 1.2p Price Now .60p -50%
Advanced Tech Uk 21p Price Now 000 -100%
Bella Media .27p Price Now .08p - 70%
Cheerful Scout 2p Price Now .09p - 55%
Reflec 1.2p Price Now .08p - 34%
Mano River 8.6p Price Now 9,25p +6%
Pentagon Protection 8.25p Price Now 2.25p -71%
Scotty Gp 4.25p Price Now 1.75p - 55%
Erix Therapeutics 8p Price Now 0.25p -97%



I have managed to get rid of most of them over a three-year period without loosing
my shirt. However each and every one of the above were recommended to me by phone calls from a City Equities dealer assigned to me. They would not let me buy through them, any stock I choose myself. All purchases were their recommendations only. They acted as principle on most occasions. The Advanced tech Uk Group went into liquidation a few months after they recommended the shares to me. I believe the shares were dumped on me through them from some of their bigger clients. I am having this investigated at present. I can understand that stocks go down, but when the entire portfolio goes down by the above %, questions need to be asked. Anyone else who has issues with City Equities please post here. I am gathering info on them.
Crock

Guys
so sorry to hear this, but so glad for my sake.
For 6 months I have been hounded by a guy called James Scryminger, finally after being hounded I filled in the form and faxed it back.
I then faced a barrage of questions but he stopped when I said what I had in liquid cash(I am fully invested) and told me I needed more cash around me before he could proceed.
I am now so glad and will just keep telling him that I only have a months salary about me.
Sorry for your losses but so glad you kept this thread going.
Stevie

Stevie,
The easiest way to keep City Equities off your back is to say
when asked, that you are not liquid. They record the calls and are not allowed to
sell you stock when you are not liquid. Posters keep the info coming on City Equities.

Crock

Hi
City Equities!
About 12 mths ago I made the mistake of filling in an on-line form, from memory it went something like ' allow us to make recommendations, under no obligation to buy through us' they drove me mad with up to five telephone calls a day. I declined for a couple of months until one recommendation rocketed to an 85% gain within minutes of her phone call. The next time she caught me in an good mood I too succumbed to the patter 'this company was 50/75% higher the previous week and will go back there in the near future etc.
2150 later plus 25.00 PA crest charge, i am still holding a paper loss of approx 45%. The company Apace Media is a solid enough outfit and as a pension investment they will serve me well. However I am a day trader or swing trader cfds the like of Apace is completely....U S.
It wasn't until after I had bought that I was told they already owned the shares they had sold me.......typical bucket shop or boiler house trading. I didn't read that on their website although it was there, in my defence, I had no intention of trading with them but I thought I listen to their recommendations........BIG BIG BIG mistake.

Sorry to go on so much, quiet day in the market for me, but one thing that annoys me, that was the last 'tip' (?) she phoned me. Don't get me wrong I obviously can manage without her phone calls. But do they have no shame?
I did get a call from her about 4/5 mths since asking me to fill in application form.
Them again on Friday last "hello its Suzy Arthur here" I told her that when Apace starts marching she can phone again until then leave me alone.
Can you believe it she was still ramping the same stock, as if although i had held for approx 10 mths I still hadn't researched the Co!
Leave City Equities alone they are not very honourable people.
Good Luck to all
Alan