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My understanding is that euroclear can act as a depository or a bit like an escrow account. So if a shareholder wanted to raise short term finance, they move stock to euroclear who hold it for the duration of the loan as collateral. The financing bank releases funds to the shareholder who then gets the stock back from euroclear once the loan is repaid. As there is no actual transfer of ownership, no TR1 is needed as the voting rights remain with the shareholder and don’t transfer to euroclear. That’s my basic understanding of the process.
LL - short positions are disclosed to the FCA daily and are published on their website at the following link
https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions
Click the link for “public short positions disclosed to us daily update” to view the spreadsheet, about half way down the page
I mean in USA via Nasdaq web site for example one is able to know short positions for every stock, I am trying to look in London Stock Exchange website...
Don't worry about the sp I less day trading or werkly. I just looked at my holding and it's throwing off cash ridiculously
I am trying to understand the Euroclear/short/loan situation here....
Had a quick look and it seems Euroclear is a facilitator of financial transaction, like a mm..(not sure if I got this right thought)
Hence my theory goes that EIG lends shares to Euroclear and by doing so is making money, but EUROCLEAR is not shorting directly HBR but facilitate any entity wishing to short HBR.....Therefore is not clear how much % is shorting at anyone time it could be zero. It seems to me that shorting disclosure in Uk is not as transparent as in USA.
Any more competent contribution is welcomed..
wow nearly 7% rise! It is very obvious shorts have closed some positions. It was kept low at 303 until 2pm and took off from then. I should have topped up in the morning but didn't :-(
I think news about EPL spooked the shorts.
Tomorrow could be another blue day but you never know the games played by the funds shorting this.
I will top up tomorrow on the bell I guess.
Login as a guest under my euroclear to get free access to the data. Capricorn and tullow both have reasonable sized stock on loan numbers but tullow also has declared shorts on fca spreadsheet and likely all to do with the merger. SSE and Centrica both had large SOL numbers bu they started from earlier in the year; also with no declared shorts above 0.5%
IR explain the SOL as US hedge fund CFD positions and reiterated that EIG would have to declare via tR1 if their position had changed. Although still very opaque . But with current rapid reduction in debt, there shouldn’t be another ARCM like incident….the Neptune angle is also still intriguing…but why would EIG let another PE cash out before them although would make a monster upstream titan. further windfall levy legislation changes before Monday with all the ministerial chaos hopefully.
Sure it’s a compelling possibility.
I don’t have access to euroclear data. If I did, I would check the amounts on loan for the other NS oilers. If they are all at 10%, then I can believe the shorting theory.
If they are not , then I’d say the stock on loan is down to some other reason and probably something to do with EIGs activities.
Not a coincidence that’s Euroclear short interest started increasing when the SP was above £5. Not the first time a company has not declared large short positions on this company.
319p heck
I like to see info on 10% Euroclear on loan......
In absence of that , the shorting story sound a massive Buls@it
I agree LL. Lots of NS producers are down the same amount as HBR - SQZ, ENQ, HUR, IOG are all off 30/40% from the year highs. Do they all have 10% out on loan at Euroclear as well? If they do, then perhaps there is a lot of shorting going on by lots of institutions albeit in small parcels to remain under the 0.5% threshold. Perhaps it is indicative of a sector malaise arising from the WT. But if they don’t appear at euroclear, this 10% of HBR could be for something entirely different, afterall there are various reasons for stock to be on loan. I also think it’s very unlikely any of these companies are being shorted in any meaningful way given the lack of notifications on the FCa short selling spreadsheet for any of them. Surely if 10% was out short, then at least one of the institutions would have crossed the 0.5% threshold.
Yeah but what is there to panic about with this. It's clear shorting in my mind. If this rise continues for much longer they will have to buy back at some stage otherwise they are sunk. Hoorah!
...I am not so sure there is much shorting HBR going on out there. I f I was shorting I would use WTI or Brent, has the chart is more predictable than single share.
Selling is likely coming from panicking investors, and possibly the mm helping with spread to push price down to fill HBR shares buy back...
Just based on intuition no facts...
Come on you shorters give it all you got now!
Currently 319p, watch for the dive!
'UK natural gas futures rose to above 300-pence-a-therm, close to a four-month high on fears of deeper supply cuts by Russia. Gazprom limited flows in the main Nord Stream pipeline to just 40% of its capacity and the key pipeline is set to shut for maintenance on July 11-21. Concerns are growing that it won't return to full service after work.'
Sorry Plummet
UK natural Gas: 312p. surely HBR will plumit into oblivion and make the shorters very rich.
Is my time frame for investing in hbr, target price been above 600p. My assumption for this to happen are : Brent to average above 100$ and consequently hbr be debit free. Oil price is reaching interesting support level, testing time... Recession sentiment are pushing poo lower but I am reading that in US even at higher prices driving mileage per person is at record high... For oil price to collapse is needed a catalyst event of some magnitude, imo normal economic data even if negative cannot push poo to unprofitable levels. At £10 profit per barrel HBR is making some £750mil per year. At this current price is PE if 4.5 and debit free in 6 month..... £3 sp must be a great entry.