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Maybe an inerse correlation between the volume of posts and SP. Hope so!
They all gone to tlw, not kidding....
Hi blade. Yes I was using that. Very expensive hence my question if the UK was the same
I know the short fees are 3% per year. But the margin call rates are a unknown atm
Cost of shorting shares in US. These are US regs and very risky if its miscalculated. I assume UK regs are not much diffent. Very scary numbers for ARCM... Read this...
Under Regulation T, the Federal Reserve Board requires all short sale accounts to have 150% of the value of the short sale at the time the sale is initiated. The 150% consists of the full value of the short sale proceeds (100%), plus an additional margin requirement of 50% of the value of the short sale. For example, if an investor initiates a short sale for 1,000 shares at $10, the value of the short sale is $10,000. The initial margin requirement is the proceeds $10,000 (100%), along with an additional $5,000 (50%), for a total of $15,000
It would be great Bladesman but they don't really need it, as all lenders apart from ARCM are in agreement that what PMO proposes is a great idea and have all agreed to vote in favour, the only one who won't vote in favour is ACRM and they don't have enough to get vote bellow 75% unless they can but more of PMO's debt I doubt they will but have to wait until the 12th of feb to have the vote results. Once we get the result in our favour then SP will really take off and then Zama sale would really help us!!
I'm thinking that if pmo can give a positive update on zama sale before creditors meeting that would be very helpful indeed as this will give fresh impetus to the sp to put more pressure on arcm
I guess theres a slight chance ARCM could buy extra debt but I don't think there popular with other lenders who will be doing everything they can to keep them out the picture. Its looking favourable at the moment hopefully we will get the vote on the 13th of feb then we can count out chickens think most things are a formality after that!!
doing some calcs. Does anyone know the margin rates for shorts in the UK ?
In the US it’s plus 50% for opening deposit margin @ the borrow sp. . And if the SP goes up a further 25% for maintenance @ current market price. I can’t find anything for UK Regs.
I wonder if this closing process will start pre or post the creditors meeting on 12 Feb. Thoughts welcome