Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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If you look at the 'shorts' list on a daily basis you will see historically that PMO do.not appear. Why is the question given the likes of WG. And IQE appear weekly. Hardly accurate tables of 'shorts' in play.
Couldn’t agree more Beerbull.
The financial sector needs rebalancing and any transgressions from the rules need strong punishment. Unfortunately never going to happen.
Would be nice to get a small token dividend but sadly not as another condition of the last refinance. Hopefully good times are around the corner.
Looks like the short AcRM of the law. Long on talk short on action.
As have the bankers & bondholders Antigua, it’s about time the owners of the business, me & you, started to get a few crumbs off the table. I’m not talking a 3 course dinner, but forward indication of when a small divi is likely would satisfy my appetite.
Hi Fibo
I am not good at this but to be short would they not have to had bought put options?
Not saying you are wrong but would like to know your reasoning.
The shorters have been suckling from Pmo’s teat for long enough and it’s time they moved on!!!!!!!!!!!!!!!!!!!
This post gets to the nub of the matter.
Investors make the decision to buy and sell shares, without all the knowledge and information, to make a measured decision withheld from them.
Harry, wasn’t confused, just angry. Would you buy a stock that had that much on loan?
What tactics on top of non disclosure have they used?
This should be over £2 and they have cost people here time.
I hope they rot in hell.
The whole thing stinks. Complete lack of transparency. GS TR1s’ hidden positions,. FCA are useless.
Actually, I think it depends on the nature of the transaction. These may be held on call options giving a right to buy the share.
Stock, not stick, although a stick more be more useful
Rubbish. Votes stay a with the owners of the stick, not those that borrow it.
One possible reason for the short position is that when added to the other shorts, if the shortholders control more than 25% of the voting shares, they can block any special resolution in relation to the debt refinancing. Hence the reason they may be asking for a fee to remove their tanks from PMO's lawn. Likely also connecte to why TD is trying to push back the debt maturity date.
Most here appear confused as to why the SP tanked on Monday blaming missdeeds by the Regulator. Seems a bit harsh given the fall in the main resulted from TLW awful update. Add to that the huge short on PMO declared on Friday and highlighted in the press over the weekend.
Reading the short position press release makes clear the holder was hedging their PMO debt holding. Logical really given oil prices are under pressure and if US shail production increases the prices will be pressured more. The outcome in the eyes of the debt holders being PMO will be unable to repay its debt and default so the short covers this scenerio. Looking at PMO positive updates thru 2019 suggest this will not be a problem and I have to agree given their solid attempts at debt reduction. Add to this OPEC wiilingness to cut production to maintain oil prices albeit China is a concern and the US is now a nett exporter of oil.
All theory of course but PMO have come a long way over recent years and I remain invested. World economies will dictate oil prices so wait and see what happens. Oil stocks are similar to tobaco stocks. Both in decline in the new world of today but it will be at least 10 years before the full impact is known.