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Forgot to say:
no RNS or media items I can find; interim results aren't due till the end of Nov and no apparent closing of shorts, so still can't understand such a big move today.
No idea! But the SP has spiked - though not this much - once in Sept and once in Oct. It then came most of the way back down. Maybe some big short-term traders.
I am thinking of topping up as got in just below £9 but deffo not today! When the SP drops back it seems to revert around the 50 day SMA so may reconsider it then.
What is going on here? Absolute madness and it’s just the start…
...I'm obviously referring to aks343...to be completely clear.
Like Fred, I'm not quite sure what your interest is here - clearly you don't have VCP shares,
and whilst it is good to have a round of views, yours seem like 1 of the 4 riders of the apocalypse!
Each to their own, but you need to come up with some more solid evidence than just Nostradamus predictions if your to seeking to make any sense to users on this board.
Absolute nonsense about spruce house having to liquidate VCP position. They’ve just increased their position by over 2 million shares over the last few days.
Having spoken with Benji at Spruce House, they’ve got a HUGE order for when the results are announced and they’re allowed to buy!
Regarding the fund redemptions, absolute nonsense, they’re locked in til Feb 2025 so please quit already with all the rubbish you’re sprouting.
Hold on tight - Here it comes!
...looks like 4.55% - Coltrane 2.32% / Boldhaven 1.32% & Marble .91%
Blackrock height was .9% in August and have decreased since then several times but have now come out altogether from a position of .49%
I'm not professional enough to know exactly what all this means, but no doubt they are all maneuvering around at VCP and shareholders expense!
Would however like a little more clarity on their printed results and this in turn would make it less likely for shorters manipulating uncertainties...Burford is another that springs to mind with this sort of problem.
Personally I don't like shorting whatever the arguments are either way, and only occasionally (and could be done by other means) do they stumble on real shortcomings or corruption.
@aks343, I did't post because i did not deem it necessary. My previous answer was very clear. You claimed that Spruce House may not have the capital and may need to pull out of VCP and I highlighted clearly that it wasn’t the case if they have just purchased 1,4m shares. Whether they purchased from another institutional investor or not, is not really relevant to your argument. That said, SH purchased more shares than Vulcan sold.
Anyway back to important developments… interesting to see Blackrock reduce it’s short position to the lowest since it started shorting in May. Could this be a sign of things to come? I wonder what the interest is on loaning VCP stocks now. Anyone have access to that information?
I guess we will see movement in one direction following the full release of financials at the end of the month.
BIG NEWS!!
Blackrock have started to close their short position - You’ll be hearing a lot more than just crickets now!!
I don’t know on whose behalf you have conducted all your research, nor will I investigate your little list of stocks, but it seems very diligent of you to have enlightened us all so much. However, for such a diligent chap, you have omitted the most relevant information... or maybe it just didn't serve your interest?
Please see RNS from the 13th of October where Spruce House increased their shareholding in VCP by 1.4m shares. Maybe you should review all RNS's whilst you're there. They are much more relevant to the trading price than your little investigation.
Seeing as you like investigating the portfolios of institutions, have you conducted a similar investigation for the performance of the shorting institutions (Blackrock maybe)? Probably not, that would just be counter intuitive. Or maybe it’s just that it’s (literally) a bit too close to home?
I won't sit here a list all the poor performaing positions of the shorters nor the investors. Its just best not to cherry pick your information to support a preconceived argument.
As a small shareholder myself, should I also list the performance of all of my other stocks? or is that equally as irrelevant as the informative post below?
Only important factor is Victoria management, not trading positions of shareholders' other investments. It would be great if we could keep posts relevant to VCP and factors that impact VCP stock price. Surely this is the aim of this forum, no a place for the propaganda divisions of shorting institutions. Hence why most make posts during working their office.
Yes, there are clearly difficulties in the market, no one is denying that. Yet I am of the opinion (right or wrong) that this is more than reflected in the share price decline from 12 pounds already. Anyway, whilst the share price performace this weeek was poor, I was pleased to see it was nothing more than an increased short position, which is very close to the levels seen in 2018, afterwhich there was a huge rebound in price. Will history repeat itself? We shall see over the next few months I expect.
@alfista
You won't see any of this history on boss man, because it's all in the caped crusaders head.
Obviously been reading too many comics while getting high
Okay @aks343, Aka Bruce Wayne. You best put your cape on, hot the streets and swoop on Geoff.
I'd like to believe your stories about Geoff Wilding, but you are speaking very vaguely.
How many people have you put away in the past?
My advice would be to put the drugs away first, then tell us all about your crime fighting
I've not seen any of this history on the boss man, it's all news to me.
But on energy issues, I've taken the time to study it. There are mass lay offs, and lots of factories supending production, in the two main tile producing areas in Spain and Italy. Like bunnies in the headlights
@aks343
Looks like you and @alfista are the only energy price experts (Sat behind your PC, shorting shares) while those actually running businesses don't have a clue about the energy prices.
@aks343
Another well written well timed post. Looks like as soon as the share price starts rising, your butt starts hurting.
Your painful screams can be heard all around the country.
That'll be a no then
In that case Alfista, why not move on from here (nothing to see) and maybe focus your attention on shares were you hold a more posiitve view? Otherwise, I cannot for the life of me understand why you appear to be here 24/7, primed and ready to respond to anything remotely positive? Everyone gets that the cost of tile production is considerable, the point that Fredhunt and others have made is that the market doesn't seem to have absorbed the significant (massive) reduction in the wholesale gas price and, the many other factors (I need not repeat them) that allude to marked optimism within the busniess re VCP furure prospects. Could you possibly have an alternative agenda here I wonder, such as an interest in SP decline? ;-)
Interesting. Hawkeye criticises me, I reply to him, and you answer. Same person?
You can have your view, but I don't have to agree. Winter hasn't begun yet, it's a bit late. Bad weather usually comes, how bad is anyone's guess at this stage.
@Alfista, my aim is not to just make comments that reassure myself. However, whilst the things you have raised are totally valid, the war, EU energy policy and infrastructure etc. these are all known factors for months (some for years) and are effectively factored into all share prices. What I wanted to raise is that recent developments, such as mild winter, full reserves, LNG tanker queue, continued acquisitions in the US, continued share buy-backs, positive trading update by Victoria and optimism amongst analysts are all factors that should be influencing the share price today, this week, this month.
All I can add to the comment is that you are remarkably uninformed about industry. As this group of companies is heavily in to high energy usage, it may be worth your while to do a bit more study, rather than come back with comments only designed to reassure yourself. IMO
Which government plans are you talking about? If you are talking about official plans, then you need to point us to the sources. Would be an interesting read.
Facts are facts. The period of weather last winter that reduced wind and solar output to virtually zero placed huge demands on gas for electricity generation. You have to appreciate that modern tile production requires gas on a huge scale, and that the kiln can not be starved of gas at all, otherwise it would sustain huge damage. If power production demands the gas to keep the lights on, then factories will be told to cool down and switch off, that's in government plans. Smelting operations are vanishing from Europe because they can't take the risk. Good news for China and India, who have a sensible coal powered baseload policy.
I totally agree with you on that, buying a load of shares with company money at half the price you sold them at not all long ago isn’t all that brave.
I’m also in a similar position in terms of selling out too. Monday morning I’ll be selling my holding if it’s still where it was Friday. I’ve got quite a lot invested but after months of being patient waiting for something to happen, I’m not so convinced anymore.
I’ve got quite a large amount of shares that will all be getting sold come Monday morning. I’ll leave u to try convince the big boys.
@BlackBoulder
What’s your thoughts on the directors buying shares with company money vs their own personal dough
Instead of spending an eye watering amount on trying to prop up the share price Wilding should pay down the debt which is enough to sink a container ship never mind a yacht.