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Try2buylow - I don’t understand what lies behind the trades, I just see that both institutions have close to net zero position. Perhaps these are the counter parties to ABC long position held through CFDs?
Form of Don't by the Range Rover. They are the most targeted cars for criminals and I don't want you to become a victim. I have just bought the RAV 4 Dynamic Hybrid .Take one for a test drive you will be impressed and so far......no one has tried to steal it!!!
I like many others didn't sell at 40p and have waited patiently. I am thinking as time goes by and the closer to the 24th we get and no announcement that same scenario may occur and then we may be back @25-28p for another month. On this thought have Sold half my shares today so either way I am still in for a profit and already in some profit today. If someone gets more for the shares I have Sold then good luck to them and happy to have some profit. Invested the profit into 20000 I'M shares which I read about on this board a few months ago and have had some news today.So thank you whoever mentioned them. Just a little saying ...Never Want for More than you need!! Sometimes helps to make my selling decisions..
Billybob -
the short & long positions Billybob mentions are a way for these financial institutions to provide AA with access to their own shares. It is a service that they provide for a client with express intention of, as you say, not bearing any downside risk without it being balanced by an upside.
I am not sure why they do it like that, if anyone can explain please do, my best understanding is that perhaps AA only wish to borrow the shares on a short for pension scheme arrangement or something like that because holding title has something adverse about it for them. I also haven't twigged why two institutions are used & what for - clues may be in small print in the financial statements. (can anyone clarify?)
I track the short & long positions.
19 Oct
Interests held (shares) Short positions
B - securities 15.1 + Soc Gen 12.2 = 27.3* B - securities 4.1 + Soc Gen 0.0 = 4.1
B - derivatvs 3.1 + Soc Gen 3.1 = 6.2 B - derivatvs 14.0 + Soc Gen 15,3 = 29.3
B - LHS total 18.2 + Soc Gen 15.3 = 33.5 B - RHS total 18.1 + Soc Gen 15.3 = 33.4
18 Nov
Interests held (shares) Short positions
B - securities 13.3 + Soc Gen 5.9 = 19.2* B - securities 3.0 + Soc Gen 0.0 = 3.0
B - derivatvs 2.3 + Soc Gen 8.5 = 10.8 B - derivatvs 13.1 + Soc Gen 14.5 = 27.6
B - LHS total 15.6 + Soc Gen 14.4 = 30.0 B - RHS total 16.1 + Soc Gen 14.5 = 30.6
*Shares held have reduced from 27.3 to 19.2 & the shorts to loan them on decreased same
A deal is coming Monday, I can feel it!
Agree, it'd be NY & post Brexit now.
IMO the extension deadline date appeals to us PI's more than the PE or AA teams because it is the only date we have to go on. They do it or not when they are ready regardless of Stock Exchange deadline dates.
Have you set stop losses Clemoc?
Apology if it wasn't you but someone talked about stop losses as one of the previous extensions came to its end. It may have been the month when prices were 39p & fell to 33 before going lower.
Something is going on, if you look at investing.com there have been 5m shares traded in the last 1.5hrs, not showing here. GLA
I will be interested to see which trades go through after close and if the shorts change. If this legs up at or after close I'd say a takeover is in the pipeline, if not I guess we will just have to wait till Tuesday.... GLA
In my opinion this will be concluded as the vaccine news is positive in favour of the predator using a low ball figure of around 40p...IMO
That can't be right! Footballers are immune to Covid - (;
It’s getting called off mate -Covid! Ha ha
Thank you RoxburyHouse. I haven't posted many on this site but have read most of your posts. I have a healthy (some might say un-heathy) amount of AA shares and will be holding out for the right outcome.
I was just wondering as you are so good at predictions if you could give me the Spurs v City score from tomorrows game please
Bit of Friday afternoon fun.
Look at the date I predicted this!
So far so good!! Ha ha
Took me 4 months, nightmare
Think we will all be waiting guys as share movement suggests yet another extension.
I've not touched the Fidelity since inception when I claimed all my superannuation from living in Oz when I repatriated. Thought I'd be sensible and squirrel it away instead of spending it on pints ;)
should be some good fomo today with possible weekend press and deadline due
Well you are lucky it took me 3 years YES 34 months to get my funds from Fidelity , switched to H and L .
Thanks for that Roxbury, if it does plummet would be a good time to lower averages so always a golden lining :)
Sold my Fidelity ISA today so I could reinvest under the 2010 ISA wrapper in stocks and shares as I believe I can improve my returns better.
After trying to reinvest, I find out that the funds are unavailable for up to 5 working days. What a crock of sh*t!
This day and age, everything should be instant.
Now missing 5 days of potential gains (or losses!).
Hopefully IG will be better, most of my holding is with them and once I've reinvested I'm moving the 2010 ISA to them with the rest of my gold.
Anyone else had something similar? Do you think it's normal for funds to take so long to get the money?
I know IG is 3 days if you are cashing out shares but you can reinvest immediately if you are not taking the money out of the platform or transfering between accounts (eg share account to ISA account).
Good morning everybody - please remember that everything I say is purely my opinion. I’m no wiser than anybody else here so although I think at some point in the near future this share will be £1 it could also be 15p!
Please please don’t EVER gamble anything that you GENUINELY cannot afford to lose.
NRL yes an extension is fine by me and if so of course there will be a downward correction. That’s just part and parcel of the current process and what will be will be.
It’s all about self belief isn’t it? Do I personally think the AA is currently undervalued? YES. Do I think (eventually) the AA will be taken out by PE? YES. Do I think if there is no deal the AA will eventually prosper - absolutely YES.
Bablake your guess is as good as mine regarding the shorts I really don’t understand their mindset. I suppose they are taking a punt just like the rest of us?All will become clear today though. If today isn’t a blue day then it’s likely an extension or no deal.
Remember though guys that this is a big game and we are the players. The MM algorithm has been written to get your £ off you so try not to fall for their tricks. A no deal/refinance is GOOD and an extension isn’t bad but they will automatically drop the share price to worry you.
BE STRONG whatever you decide.
Good luck.
I've not been following this but it seems like a nice short term flutter
The oracle is certainly right, albeit with a far higher opening price at 08:00 than I expected. Felt too risky to sell even any profit now in case a bid gets leaked.
Today so far, I thought we might get an offer rns today Friday just before the deadline next week but doesn't look we will unless it comes at 4.30 just before the weekend.Can't wait to sell my shares at 85p
If you read the 8.3 RNS fully you will see that both Soc Gen and Barclays have an equal an opposite long position to their shorts. That means they have a net zero position. Disclosed short positions are shown on short tracker and are a ragbag of three little known institutions. Doesn’t bother me in the least - they will get hosed if there is a bid.