George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Well sometimes acceptanceth of futility is the best gambiteth...not - Piler feeleth - here though. Anyway, Piler now feeling as knackershotteth as a trampeth's grundies masquerading as a snottyrag, so is off to noddeth. Nighty-nighteth!
I accept your apology although you continue to speak in this tongue so you're apology is futile
Piler apologiseth to funnel-flameth-fountain-felloweth - he meant "Reggie Dwighteth", not "Regggie Dwighteth"!
you weirdo talk normally
Seminal sentimenteth by the thundereth one thinketh Piler, who also thinketh it boileth down to whether Kier will still existeth in the mid- to long-termeth. Sure - it could go rumpeth, but if it's still standingeth (borrowing from Regggie Dwighteth) in two yeareth, dost thou really thinketh the SP will be in this parketh of the spherical objecteth variety? For the sake of ye gods do not investeth thinking it sure to fundeth an Indian summereth breaketh in the New Worldeth this yeareth, but thinkingeth further down the lineth...
At the moment...if you believe this will not go bust, you buy now to gain the maximum upside. Waiting a few months or years and it is just another FTSE 250 co
KIE doesn't just have shorts...It is the most shorted company on the FCA's Short Interest Tracker. This is also discounting the shorters that you see on the BBs as the Short Interest tracker doesn't track positions below 0.5%.
So investing in the 'most' shorted company should give cause to concern and should not be taken lightly. TCG where the shareholders face a significant dilution have a short position of 9.63% vs KIE's 11.96%. I'm a bit disappointed that TT International have increased their short position by 0.15% to 3.56% on the 14th August.
I was hoping there would be a short squeeze here but I am confused as to why the shorts have not been closing more significantly since the 01st August statement which one would expect before the September results with the expected Kier Living sale.
With respect to the Tussell article this dates back to 18th Sep 2018 (https://www.tussell.com/insights/is-kier-the-next-carillion). The sp when this article was written was over 1000. It would have been a very expensive read if you had taken Tussell's advice then.
Waiting on the sidelines here till more clarity is received on sale and financials as at present it is far too volatile a stock for me and very difficult one to call for swing trading.
Re Shorts. Look, don’t feel that just because they haven’t reduced their shorts that they necessarily know something we don’t.
TT international are also short 3.5% of Thomas Cook.
It’s just a strategy, nothing personal. Their risk is calculated as diversified as follows:
If they short say 5 really struggling firms, 2 go totally bust and 3 survive, they make great money on that as the risk/ reward is grossly asymmetric. All these companies are too fluid of anyone to know for sure what will happen, but this strategy requires they see them through to conclusion.
So try not to worry too much about them :) ??
Its not going bust...pretty simple for me. Headroom fine, just hedgefunds scaring people as usual.
Agree on the capital release, however that's already fully known by the funds shorting it. If it worried them then they would have closed when the plan to sell kier living was released, however that doesn't appear the case, which suggests they aren't concerned about it with respect to their short positions. It suggests they don't believe that the sale will have any meaningful impact on the share price. They could be wrong of course, they're taking a punt just like everyone else.
A sale of Kier living in itself doesn't mean much as it is known by the market. Whether it rises or falls on the back of a deal will depend on the price they get for it. A price at book or above and it will rally, a disappointing price, well then its game on for the shorts.
If you liked that one, try this:
https://www.tussell.com/insights/is-kier-the-next-carillion
I don't understand why more shorts didn't close in the recent rise. They have basically spent a load of ammo selling this down to 60p but its now nearly twice that. They would have to increase short positions even more to get it back down again - which would seem stupid given the Kier Living sale could drop anytime.
"In short, if trading continues to stablilise at Kier and there is a successful conclusion to the sale of Kier Living that reduces debt the likely pro forma profits for 2020 could be in the range of £80-100m from what we can see from publicly disclosed guidance. A dividend return in 2020 is also not out of the question. Capitalising this even at the low point of this band at just 6 times earnings produces a price of @ 220p per share."