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hough they are not the same, over the month -
Wickes - 9%
Travis Perkins - 17%
Kingfisher B and Q - 8%
Just some sort of perspective. And overall of course it depends where one starts from.
In addition to whatever else has been going on, the industry trend has been down anyway. Supply concerns probably form at least a part of it, I believe.
Thanks for that. We shall see how they measure up against
“Given the strong outlook for Core and DIFM trends, together with half year results which delivered adjusted Profit Before Tax £1.5m ahead of guidance, we now expect adjusted Profit Before Tax for the full year to come in towards the upper end of analyst expectations (range £67-£75m). This assumes no further significant change as a result of Covid disruption or restrictions.”
Given that was said mid-September, I am thinking the third quarter will be on plan. And then a further, cautious as ever, outlook on the full year, taking the conditions affecting the industry as a whole into account.
The Wickes website confirms that the Q3 TU will be released on 27th October: https://www.wickesplc.co.uk/investors/investors-overview/financial-calendar/
Well, on the face of it share price coming off for the worse, against value at the price.
Nefarious manipulations happen on both sides of the coin, of course.
Stock exchange has Wickes down for a quarterly trading update on 27th. October, but I do not know if that can be relied upon. Nothing from Wickes in that respect.
It's actually a kind of gambling, i.e., you are betting that a particular share will go down in value and that's all there is to know. Personally I believe that it should be outlawed because it always encourages those involved to attempt various nefarious manipulations of the SP and you are right Cul it doesn't always work well plus other traders can be deceived and make wrong decisions.
There's probably a lot I don't know about the intricacies of short selling. But on what is disclosed publicly, and on my understanding, it seems to me it doesn't always work well. And they are not as nimble as pi's can be.
I think what we don't know here is when they started shorting. In the UK, they don't have to notify until they reach 0.5%.
Seem to be running just the one tracked open short in the UK.
https://shortics.com/shorter/marble%20bar%20asset%20management%20llp
Not made anything (yet) on their largest short position, Vastned Retail, since the filing date July 2020 anyway. ( 21.05 and now 24.15 Euro )
Pretty meaningless. Just out of interest.
Yes. Nuisance. Wickes is a solid company. And the lower it goes, the cheaper whatever value one sees gets.
Logic is that if shorters ( just part of the system ) have their way a fundamentally sound company will anyway eventually reach a price where somebody, other than pi's, may say I'll have some of that. Theory and conjecture. Share chatting.
I reckon we're in for some laddering downwards until they've reached their target price, hence all the algobot automatic trades. A bit depressing but I hold in the knowledge that true value always wins in the end.
Legacy from Travis.
Thanks. Stating the obvious, the sellers definitely have the edge since spin off. Highlighted I think, by the reaction to excellent results and outlook into next year. I have, rather repetitively, posted my opinion on that. Just have to get rid of them to make any progress. A new or increasing institutional shareholder would do us good, beyond those legacy from Wickes. ( some of whom may not stay ) Incidentally, I haven’t seen Wickes publish a list yet.
Marble Bar have have notified of a 0.5% short position. Seems high risk given the positive results, Director Buys at £2.50 and potential as a buyout target.
Perhaps they think they can shake more of the TP sellers out?