Odey Discloses Regus Stake ~ market folly

Wednesday, January 9, 2013

Odey Discloses Regus Stake

Crispin Odey’s hedge fund, Odey Asset Management, has disclosed a new position in London  traded Regus (LON: RGU). Due to trading on January 4th, Odey now own 5.15% of Regus’s voting rights.

Odey hold the equivalent of 1.88% of Regus’s voting right via contract for difference (CFD), something we've explained in the past via that link for those unfamiliar.

In terms of shorts positions in the UK property sector, Odey also has a -0.91% short in Capital Shopping Centres (LON: CSCG).  CSCG is a real estate investment trust (REIT) that owns 14 regional shopping centres in the UK.

For more information on Odey’s recent activity in UK markets see our posts on their stakes in Shanta  Gold (LON: SHG) and fellow hedge fund, Man Group (LON:EMG). 

Per Google Finance – “Regus plc is a provider of global office outsourcing services. Its primary  activity and business segment is the provision of global workplace solutions. There are three parts  to the Company’s business: Mature, New and Third Place. The Company’s products and services  include outsourcing, workplace recovery, business lounges, businessworld, meeting rooms, video  communications, offices and virtual offices. It offers bespoke packages for starting a business,  home based business, mall and medium business, international business and corporate workspace  solutions. It has some 1,203 locations across 550 cities in 94 countries serving more than a million  customers. Its principal geographical segments include Americas; Europe, Middle East and Africa  (EMEA); Asia Pacific; and the United Kingdom. During the year ended December 31, 2011, it opened  139 locations, and added 62 centers, including a center in Omaha, Nebraska. In September 2012, it  opened a new business center in Rwanda, Kigali.”

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