Good morning!
I’m back for one day only, to give Paul a break. A few stories popping up on my radar today:
Confirmation of intention to float by DWFMySale (LON:MYSL) trading updateEU Supply (LON:EUSP) trading updateHardide (LON:HDD) fundraisingEarthport (LON:EPO) improved offerGraham
DWF – Intention to floatConfirmation of intention to floatIt continues to amaze me that firms which traditionally would have stayed private, are now selling their shares to the general public.Another example of this today with DWF, the international law firm headquartered in Manchester.Law firms are perfectly good LLPs, and they’ve always been LLPs. Why is now the right time to take on the PLC model? And can they really function as publicly-listed PLCs? I suppose we will find out.The simplest explanation for me is that there’s still quite a lot of complacency out there, and that this has manifested itself in the flotation of companies which would never ordinarily float (not only because investors wouldn’t bite, but also because the companies themselves would want to stay private, for the…

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