George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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At an educated guess they have sold some back to the market,then borrowed and sold more,moving along the date in the future they have to sell.
Yet another increase in short interest.
BlackRock Investment Management (UK) Limited 0.61%
Citadel Advisors LLC 0.62%
GLG Partners LP 0.52%
Marshall Wace LLP 1.53%
Total 3.28%
BlackRock 0.61% 0.07% 2 Mar
Citadel. 0.53% 0.08% 2 Mar
GLG. 0.52% 0.15% 4 Mar
Marshall 1.45% 0.09% 7 Mar
Total 3.11%
Oli.
Thank you for reinforcing my firm belief that the World is populated by a majority of caring people.
Redceo, at a time like this, the prettiness of financial dealings are immaterial. Family and friends are what really matters and I hope the intervention of the international community are enough to bring this horrible series of events to a peaceful conclusion. Every day, I watch the news with disbelief at this situation knowing that I have grandchildren growing into this world whilst I am an old man who powerless to prevent current events. I know that you will do all that you can to keep your loved ones from harm and I prey for a peaceful solution.
Thank you Ruxi. Your description is perfect "anguish"
Thank you Anger.
Thank you JB, appreciated.
Redceo that's good to hear and hopefully they can all stay safe.
As always money/shares etc are secondary to family, friends and health. GLA
Hi JB. Nice to see a friendly face.
The current short situation is nothing we haven't seen before. I suppose the thinking is that it's proven to work so why change?
As for Ukraine I'm keeping Svieta close. Fortunately her family live near to the Polish border so relative safety. Her young niece had a very scary experience but is now safe.
They have just done exactly the same with …ON THE BEACH…shorting the stock,but buying in today.
Redceo wont labour the point too much but very much more of what we have seen previously. Interesting to note todays RNS Blackrock look to have just increased their stake 2 days after increasing their short driving the price down. If others start to buy back to close perhaps this is early signs of the reversal.
Everything here pales into insignificance with what's happening in Ukraine and I hope your wife and family and friends are safe. Lets hope for a resolution as no one truly wins.
Further increase :-
BlackRock 0.61% 0.07% 2 Mar
Citadel. 0.53% 0.08% 2 Mar
GLG. 0.52% 0.15% 4 Mar
Marshall 1.36% 0.07% 4 Mar
Total 3.02%
Nice start :-
355.10 GBX +15.60 (4.59%)today
8 Mar, 08:29
Scouser, thanks for the information.
The outlook is far more positive these days.
North West hub parcel machine starts running in April then goes into full capacity end of year then we have Daventry to open and start it's parcel operation is going to be a big change in Royal mail and i agree we will benefit from buy back at lower prices there are big changers coming over next few years
I'm in no rush to buy. Let the shorters do their worst. The Company buyback will benefit from a lower SP which means we in turn will benefit.
In the meanwhile, more important things to think about. Stock Market fluctuations are a nuisance. Lives matter.
Totally agree, these prices will probably be a memory in the next 6-12 months
Obviously…..as happens with all shorted stock.
But once gone this will March back as the fundamentals are there,cash is there,and as the markets are fickle they will want to make money on the way up.
Many won’t invest while the shorts are about,there waiting for the bottom and once the shorts allow that to happen investors flood back.
There won't be a massive climb caused by shorts, they are more clever than that. They will be buys back in stages, so as not to spike the price. News from the board will be the only thing that moves this... GLA
Sadly mr angersharkz I think you are right but if you and I are finally saying that … this is probably the bottom ! The market hates one thing the most and that is uncertainty. The union discussions are a big uncertainty and the sooner those discussion can be concluded the better. The company also needs to get a March end trading statement out. It is the most short in the company as I have seen in the last year, they will all buy back at some point alongside at some point a company expanded buy back. The cash flows need to speak for themselves.
Anybody purchasing shares at these prices will do very nicely in the long run when the parcel hubs are up and running and the cost savings associated with these kicks in i expect the share price will adjust accordingly.
Mr scamp - a quality value add comment thank you
To a previous poster, the buy back hasn’t been wasted, indeed reducing the number of shares is a long term forever win from an eps and dps perspective.
I really believe there will be a level where UPS or equivalent vie for a strategic stake - maybe UPS isn’t the right example but the value opportunity is too great. Final point, don’t forget the hedgies arent necessarily being specific to RMG - they could be just general market shorting.
Deep huge value - we just need to sit it out
Best wishes
Well last time around the shorters played around with the SP until it bottomed out circa 124p. After they closed their positions it shot up.
No reason why they won't drive it down further than it is today. This share has the ability to drop on good news so don't assume it will perform as it should in given circumstances.
However I firmly believe we will see the highs again. Just have to be patient.