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Princeofdarkness
Let's hope that is the case then 😀
PSK - exactly! they buy back before bid comes - interesting why black rock investment UK has 0.68% short at the same time as having 2.45% equity in WTB - and Blackrock US 2.5% equity - check it out - nearly 5% in total yet shorting the company. No doubt they work with MW as well.
All legit - of course.
Princeofdarkness
If a bid came in the price will rise so a short position would lose them a lot of money.
………………. Unless they know a bid is coming so pick them up at a discount
They gotta buy them back at some point ! Bit surprised they are even shorting at all really on good results and UK coming out of mild recession. Hedge funds do make mistakes - just look what happened at dark trace. Whitbread got a good cost saving plan and Germany will take off soon - All imo
Marshal Wace have again increased their short position, this was done yesterday.
Spent most of the day at £31 and then gives up pretty much all of the gains in the last 2 hours. Market is flying and this moves at a snails pace.
I see we have a £9m buy at close today.
I feel everyones frustration with the volatility. I've been in and out over the years but in the end I've always made a few quid. This will come good. Solid business.
2 big unknown trades late reported just showed up.
Hopefully this is a short closing as seen by the price action into close. We will find out tomorrow of course.
Glasshalfull
Looks to me like someone is offloading, hopefully it's coming to an end.
The RSI was rising all day on the hourly but the price was not moving, then all of a sudden it shot up and then down and then back up into close, only the UT messed the finish up.
It's the most erratic share, every time I've held - look at the intraday chart this afternoon: a sudden dive and recovery within minutes; I gave up on logic re the market many years ago, gambling in retirement now, but this lot are particularly twitchy.
What's with the UT dropping this at close ffs 16p today. Was trading at £30.43 at 16:30
Long term they look in a nice position
and on any spell of tougher trading, further capacity
comes out of the market as more independents close down.
The company will be hoovering up as many shares as they can with the price at these levels. This will help the EPS no end.
I don't think there is some big unknown.
Fears over UK consumer spending hitiing PI..?
may be.
WTB look well placed to me, but then I don't have a crystal ball tbf.
That big trade from Friday was Marshal Wace increasing their short position , I thought it maybe someone closing a position.
? On a day when most are swept upward with the mkt - this is, I think, the 4th time over a couple of years I've dabbled with WTB and, ok, made a bit each time, but it's never been straightforward with them, much more quixotic than the mkt generally, and, typically, after great figures and an IC 'buy' they backtrack to zero from +2%; and there's, I think, over 1% in shorts so, as before with WTB, the predominate thought is: what don't I know here?
Over 2% up now gone negative🤦♂️
* allows
The current rating alows for a hell of a lot imv.
03-May-24 11:42:00 3,020.00 448,194 Unknown* 14m O
Short closing maybe?
That's the minimum I'm looking for, over the next few months.
I am surprised that other hotel companies and private equity outfits haven't seized upon the attraction of the property assets here. IHG released enormous value from their estate when they moved to an asset-light model and Whitbread could follow a similar path.
Yes, very positive: 'unjustifiably low' 'future looks bright' etc, nice to read they own 56% of their properties unlike a lot of the opposition and their occupation figures compare well. There's a note about the costs of converting the restaurants to hotels impacting the bottom line but that's a given and what with a £150m cost cutting exercise and the buyback they seem to be in good shape and a 'Buy' with a median analysts price of 4100p - not a great fan of brokers notes but I'm happy to accept this one.