Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Going along nicely until bots turned on 30 mins
Hold here they don’t want to pay the dividend the horrible cnts
Would be nice if some investment house actually took a long it longer position in Card. Ahead of the UK ISA and the anticipated move into the ftse350 I am sure this is a great strategy rather than another scumbag shorter trying to wreck decent businesses. Hold hold hold. I'll take my div, and the next and the gain that will eventually materialise.
Actually, my take on this is Wace is doing this alongside another long investor who's effectively reducing their position ahead of the div. They will borrow stock so no div to pay, just less to receive. Either because they expect a bigger drop after xd or they are helping an acquirer build up a position cheaply. Whatever, it's dirty tricks and I never fail to be horrified that regulators take no interest in these practices that used to be illegal.
Maybe a competing bot is now buying. Better last hour than I expected...
Whatever it is it’s desperate
We need some director buys here
Particularly from the German
Great usd weakness today keep it up
Bouncy as a Ryanair this am
Wace on it already desperate not to pay the divi
First divi in 5 years made shorts wake up and realise game is up no more easy till
Add on weakness and hold
I don’t understand the reference to Wace’s desperation. What is it you say they are doing?
Thanks in advance
Hi there
Card factory has never paid a dividend in 5 years
When you short a company (borrow stock and sell it hoping to buy it back at a cheaper price to make money in the future)
This is what Marshall wace has done at card and suspect some others too
So now with the introduction of a 4.5 p dividend the shorter has to pay this on the stock it’s borrowed
Clearly this impacts the profits and viability of the short moving forward so they have switched on automatic trades to keep control of the price in the hope of the silly retail punters selling up exhausted of the games
Hold here this price is going up in 2 weeks I guarantee
Ps forget telios they and the big holders are not doing anything other than HOlD
So is £1.02 ish a good buying price for profits, if you buy now and it goes up to £1.10 you sell before the divi make profits but the SP will fall again by 4.5p back to £1.05p ish.
But if it doesn't go up to £1.10 you might as well hold your buy and buy after ex divi and buy at £1.04p-£1.05 ish and be in the same position. OK in the long run it should / might go up to £1.20 . another bet.
Thanks for this - how do you get to know all this info ? can you get it from publically available data ?
Sorry my question below was referring to Polishcap and the Wace shorting/dividend avoiding info
One place is shorttracker.co.uk but there are other ones. This also only shows those shorts that are over the threshold for disclosure. Meaning there will usually be others that hold smaller positions under the radar, so to speak.
They tend to get updated every day, usually after hours.
IMO, those stocks with less than 3% short interest tend not to concern me. Often they are an arbitrage act too, so even less of an issue. Even bigger shorted stocks do not always mean you should reconsider an investment, but for me personally, I start to get more cautious when the short interest goes much above that. Can present good long opportunities, especially for a trade though, sometimes.
Anyway, we seem to be holding/forming a solid base around this level; famous last words of course, lol. GLA.
Bloomberg terminal
Look at t daily pattern of trades and when the bots come on vs genuine transactions
It’s a waiting game this before the ex div date
Hold
A lot of good sense and considered info in this thread. Hold hold hold and - if you can - add a bit on the under 102.5p sp. Even if this drops a bit after xd it will rise as some reinvest the div and there is a likely further 7.5p a share payout over the next 13 months. Possibly more if a special div is announced and always the chance of more 3rd party deals on an acquirer... Don't fall for the tricks - with almost no debt and plenty of cash being generated this business is in the best shape it's been in probably ever. Just UK tax that's a lot worse!
Thanks Polish
We all need to be patient on card this summer
3 key differences vs last year
Divi making holders loyal
No telios dumping 34m shares
Macro interest rates cuts
It will come this