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  • FIRST POST
    • TMS_
    • By TMS_ 27th Sep 13, 3:13 PM
    • 10Posts
    • 2Thanks
    TMS_
    City Equities Ltd and/or Beaufort Securities Ltd
    • #1
    • 27th Sep 13, 3:13 PM
    City Equities Ltd and/or Beaufort Securities Ltd 27th Sep 13 at 3:13 PM
    Anyone been involved with or aware of City Equities Ltd and/or Beaufort Securities Ltd? The reason I ask is that I got an email out of the blue, to my Hotmail account, from City Equities introducing Beaufort Securities. The email was gently dropped by my email filter into my Junk mail folder, so I almost missed it. Later, I got an email from Beaufort Securities with an IPO for the Royal Mail.

    Now this all seems a little odd as a) I don't recall having had any dealings with City Equities and, b) if I had, it is unlikely that I would have given them my Hotmail account details.

    Is it a scam?

    I'm not going to be following the offer up as, arriving as it did, it might as well have been painted scarlet and hoisted up a flagpole.

    But I would be interested in feedback and opinions. Thanks

    Regards, TMS
Page 3
    • Reaper
    • By Reaper 11th Jul 18, 11:08 PM
    • 6,280 Posts
    • 4,529 Thanks
    Reaper
    I can't think how else X-O name has got into this?
    Originally posted by Glen Clark
    The only reference I have seen to X-O is on this thread. Originally Frogg said about Beaufort:
    Well I've used them for XO for about 8 years
    Originally posted by frogg
    I don't know what he meant by XO but I don't think it was a reference to X-O the company ("exchange orders" or something perhaps? EDIT: "Execution only" - see below).

    Other posters then started talking about X-O as if they were involved.

    Unless anyone has any further info I think we can say they are unrelated.
    Last edited by Reaper; 12-07-2018 at 9:08 AM.
    • Reaper
    • By Reaper 11th Jul 18, 11:10 PM
    • 6,280 Posts
    • 4,529 Thanks
    Reaper
    There have been significant updates since the date of the article you linked there...
    Originally posted by Aegis
    Thank you Aegis, very informative
    • dales1
    • By dales1 11th Jul 18, 11:51 PM
    • 48 Posts
    • 36 Thanks
    dales1
    When they said XO, they were meaning "Execution Only".


    Dales
    • Graham R Middleton
    • By Graham R Middleton 12th Jul 18, 7:30 PM
    • 3 Posts
    • 0 Thanks
    Graham R Middleton
    Just to clarify, a few years ago my portfolio was worth approx £20k but when Beaufort ceased trading earlier this year, the value of my portfolio was down to £7k. I have just got access to the full trading history of my account and am still trawling through the transactions.
    • dunstonh
    • By dunstonh 12th Jul 18, 8:43 PM
    • 93,368 Posts
    • 60,874 Thanks
    dunstonh
    Just to clarify, a few years ago my portfolio was worth approx £20k but when Beaufort ceased trading earlier this year, the value of my portfolio was down to £7k.
    So, clearly, you were not investing in FTSE100 companies. And the loss is more in line with their extremely high risk, niche, illiquid investments of the type that 99% of the population decide to never go near.

    Extreme high risk investments can make a lot or lose a lot. That is the risk you take with any investment. The scale of gain/loss reflects the risk you are taking. Whether it is off the scale, like Beaufort, or mainstream cautious like VLS40, where gains will be lower but so will losses.

    Or putting it another way, you went into something with extreme zig zagging on the values hoping it would zig but instead it zagged.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • eskbanker
    • By eskbanker 12th Jul 18, 9:05 PM
    • 7,503 Posts
    • 8,120 Thanks
    eskbanker
    off the scale, like Beaufort
    Originally posted by dunstonh
    Things must have got pretty wild to have gone beyond the Beaufort scale
    • Graham R Middleton
    • By Graham R Middleton 12th Jul 18, 10:01 PM
    • 3 Posts
    • 0 Thanks
    Graham R Middleton
    I know very little about shares, but the first adviser I had with Beaufort was definitely putting my money in top companies such as Rio Tinto, Petropavlovsk and Diageo etc. I think it started to go wrong when he left, but as I said, I am still trawling through the trading history. My agreement states that they would not invest more than 20% of my funds into 'high risk' i.e. non FTSE 250 companies.
    • masonic
    • By masonic 12th Jul 18, 10:05 PM
    • 9,485 Posts
    • 6,638 Thanks
    masonic
    I know very little about shares, but the first adviser I had with Beaufort was definitely putting my money in top companies such as Rio Tinto, Petropavlovsk and Diageo etc. I think it started to go wrong when he left, but as I said, I am still trawling through the trading history. My agreement states that they would not invest more than 20% of my funds into 'high risk' i.e. non FTSE 250 companies.
    Originally posted by Graham R Middleton
    Consider yourself fortunate. The FSCS will cover your losses as you were in an advisory service and were put into unsuitable investments.
    • Glen Clark
    • By Glen Clark 14th Jul 18, 10:21 AM
    • 4,178 Posts
    • 3,182 Thanks
    Glen Clark
    So, clearly, you were not investing in FTSE100 companies.
    Originally posted by dunstonh
    Oh I dunno?
    I suppose they could lose two thirds by churning the shares to extract high commissions, and investing in the wrong FTSE100 companies, bad timing etc?
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
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