E.Tr@der

From: e-trader@fkim.com
To: phil.dump@pgbrokers.co.uk
Subject: Not so sure of Shell
I want to halve this holding as soon as the merger completes. The index trackers must have made their purchases, and I am nervous that profit-taking will set in. It will be the best order you’ve had from me this year.

From: e-trader@fkim.com
To: george.lark@virgin.net
Subject: A word to the wise
Thanks for the tip-off. Did you see what the Chancellor has done on his golden rule? Never trust a Scotsman with delusions of grandeur.

From: e-trader@fkim.com
To: francis.braithwaite@waitrose.net
Subject: Value Driven Investment Trust
Thank you for seeing me at such short notice. I am sure the background you provided will help at Thursday’s meeting. It would be a disaster if we lost the management contract for this trust.

From: e-trader@fkim.com
To: victoria.ovantine@fkim.com
Subject: Meetings clash
I can’t make the investment meeting this week, as I will be seeing the board of Value Driven. I consider it more important to keep them on-side than to contribute to the debate on process. It would be a real setback if they sacked us after all our good publicity.

From: e-trader@fkim.com
To: peter.cobbold@onetel.net
Subject: Today’s meeting
I hope you found the meeting useful, but am sorry not all the trust’s directors were able to attend. I acknowledge my experience of investment trusts is limited, but I have worked in the City for 30 years, managing funds for 25 of them.

From: e-trader@fkim.com
To: victoria.ovantine@fkim.com
Subject: Value Driven
I wish you had been with me. In truth, it was a tricky meeting. One of the directors was absent and my City mole tells me he is looking to change managers.

To be continued…