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Soon! Can’t believe people thinking it may drop tomorrow, if it does it opens the door for another opportunity for anyone who hasn’t loaded up . And for those who already have , we are conditioned to these swings . Relax the company has said deadline is 16th June & that was only said on Friday lol . This is only moving substantially north from here sooner
than soon .
The heavy volume? I had a trading position that I closed on Friday whilst I kept my core. So the volume observation could well be a misread.
So I am not nursing a loss like many here but built my current large position from 89p to 104p ish.
I added again modestly on Friday as it has finally turned.
IMHO
I have said it many times.
I have owned THG many times but always with stop losses in place - Never short.
I went invested again when Charles Allen was appointed - Not immediately but over a short period.
I have worked with him and have many friends that still work in organisations where he is still involved - Not THG.
I don’t hold stocks on the way down.
I am not a fool like many on this site but recognise when a stock has turned.
I also don’t like bullies.
Hey @Rock how’s your 33p prediction for THG looking now!!! Go Away and crawl under a Rock
Another good point - an edit button would be extremely useful especially as their web site is so slow.
Good point worth raising but Blackrock won’t keep a short open after Thursday’s 2x RNS’s - in my experience anyway.
*their*
Can we lobby LSE for an edit button please, lol
LD, it's probably a macro thing trading strategy across retail, upped on Asos recently too. Looking at there short positions they are short a basket of retail related companies.
https://shorttracker.co.uk/manager/blackrock-investment-management-uk-limited/
Another Blackrock division also upped their short in Asos recently.
https://shorttracker.co.uk/company/GB0030927254/
You’re all confusing the Blackrock thing. Blackrock is made up of hundreds of different funds. Each fund is it’s own pool of money with own investor team
It can be that Blackrock could be long in one fund and short in another
Blackrock get paid either way as they get paid fees for running money. The gain or loss is the investor in the fund
Goldy
Sorry the ITV debacle played out out a few weeks not days.
Not good for Blackrock or our pensions that they run.
Blackrock have a suberb reputation but they have may some serious mistakes in recent months.
For example they when long ITV at over 115p at over 5% only to see it crash to 70p within days and now the short on THG?
Compliance will not be happy.
Does seem strange that they've jumped out of this on its way down, at a loss, and decided to short it at a time it looks to be going up!
I seriously doubt that.
Given this weekend and the two RNSs on Thursday night THG is in play.
The question is the price.
The heavy volume on both Thursday/Friday and the volume outside the LSE indicates to me that a LOT of short positions were closed.
They are not gamblers unlike PI shorts.
Frequently, after rumour-moves like these the stock price will drift back and fill the gap. There is no guarantee of any deal going through. The company says it is under valued but the market was not saying so recently. Blackrock probably have the means to put the price where they need it in order to close out.
I can’t believe Blackrock hasn’t already closed their short position.
Internal Compliance would be all over it immediately.
Blackrock are not know gamblers.
Agree @pencil & nobody’s in there right mind is selling so it could messy for Shorts - Love It
25p move is big bananas if your short 0.5%, doesn't sound much but that's just over 6.1 million shares, or to put it another way, Friday's jump cost each 0.5% short £1.52 million.
We could see a run for the boarding gate if unable to meet margin calls..
25% is a big move and not without good reason, short side have one thing in common other than being short, margin or to put it another way leveraged borrowed money.
After receiving a margin call accounts in good standing will generally have 48 hours to meet any calls.
the other thing to consider is existing holders lending out shares may want to call them in ahead of any vote, share lent out forgo voting rights.
If someone serious about bidding and MM also stating he will be happy with the bid then why are they going to the media and releasing all this, if both parties happy they should agree behind close doors and do the deal.
Dont think deal will happen.
The short positions are betting that no deal emerges and that the company posts underwhelming results / numbers. It’s a long game for them. There won’t be a rush for the door on Monday. Anyone who thinks BR for example wasn’t aware of the bids etc… needs to give their head a wobble. Just because the bet is on a different direction to most of us here, doesn’t mean it’s a bad bet necessarily.
Gla
Major shorts as a rule do not panic but I think they will they be now on Monday @ 8am!!! We could see fireworks. Normally the possibility of a short squeeze is nonsense but THG may find itself in that position on Monday due to lack of shares available one on the main reasons it ranked so quickly. It will definitely now push through £2 & could massively overshoot with the pressure to exit. Sit back and Enjoy team my 170,000 aren’t going anywhere… LTH
Have no sympathy for shorters,they are simply a symptom, especially in this case of a corrupt market,LTHs should simply sit tight, irrespective of a successful bid or not,because this shows that in this world of instant gratification patience pays