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Few things to understand from those holdings is that -
Private investors like you and me together hold over 168M shares across various trading platforms and these shares are being traded in and out! Definitely these shares can impact the share price so anyone thinking that we PIs cannot impact the share price is incorrect. How many articles have you not seen about retail investors jumped in causing the price to go back up? Forget AMC, recently, Merck share price was up because retail investors bought around $245M worth of shares in a single day! So retail investors like you and me that trade in and out can impact the share price and ofcourse short increase too.
LSE forum is the without any doubt the most sought chat forum by all these private investors. Of course, there is twitter and ADVFN too but the thing to note is that these are the chat forums that us PIs read every day for information.
Now on these forums, people like PawelB and others will try to cast a doubt on CINE by talking about cine finances, cash burn, court case etc.
Some are valid points but constantly reminding about these will make us private investors to think twice on red days on what to do with the investment.
By selling and listening to the trolls, you are giving up your shares for others to short. Like I said above, private investors like you and me together hold over 168M shares across various trading platforms, which is almost close to Jhango holdings and more than Polairs but these big IIs are holding. The drop from £1.20 to current price is due to retail investors listening to the FUD along with shorts. Short percentages increased but they know nothing new than us. They are just betting because they knew about retail investors panic with a bit of red day. Their short percentages are just 5M shares and our daily avg volume is 4M-6M so us retail investors can easily absorb their shares if you don't panic sell.
You have seen that Polaris Captial had increased their stake. Jhango is still holding. Legal & General who moaned about Mooky's bonus at share price of £1.90+ are still holding and so are the other big IIs holding too. They are not worried about court case or anything else that trolls/snakes constantly talk about. They big IIs are holding as there was no single reduced holding so why do you have to worry about your investment? They knew about improving outlook and we are now generating income every day from the tills so why panic sell or trade in and out?
Don't panic sell for a loss for a bit of drop and ignore the trolls and those who cast a doubt on CINE finances and future, just filter those idiots. Let shorts struggle to find the shares to buy back.
Jhango and others were sitting at multi million profits when SP was at £1 and still didn't sell as they can see that CINE has potential to go back to Mooky's bonus price £1.90+
If you can hold on to your investment and not panic sell then we will go back to £1.20 and beyond.
£1.22p in March. For no reason. When we were closed. and CV-19 numbers were high.
Got up to 84 point something or other during the height of the Bond premier and release hype a few weeks back, FYI
Not at all Mountainous - as Bombdog said, thanks for the figures.
Agree it is interesting, I can't remember how high it went to recently (google tells me 82.52p but think it was higher from memory)....but based on that figure, they were sitting at £57m profit and still didn't sell - so agree, they obviously see more money to be made here.
Thank you antmoss, I got there on time.
Turns out it was a bit useless, could have had a lie in instead XD
Your method makes absolute sense Bombdog and Moneypit. I had a gut feeling that the 90 odd figure was quite high considering they bought the majority when the price was very low back in the winter.
Thank you for the correction :)
What is good about that average is that they are still expecting more upside from here. They could cash out now with a decent profit and call it a day, but they have decided not to. If they’re not selling at a profit, I don’t see why I should sell at a loss.
Thank you once again, apologies for the error all :)
Hi mountainous, I did it in the same way as MoneyP1t and have the same result to the penny. Thanks for taking the time to research and share the figures.
Sorry my bad the other way around..
£99,002,462.52 / 189,334,287 = 52.29p
Hi Mountainous, my way was as below:
1. You take the number of shares they started with (45,573,418), and either add or subtract - based on where you have put increased or decreased - that then gives you the final number of shares 189,334,287 held..
2. You then you do the same (adding / subtracting) for how much they paid / received at each transaction (again based on increase / decrease) - this gives you the total cost to them £99,002,462.52.
Then it's as simple as 189,334,287 / £99,002,462.52 = 52.29p
Hello moneypit, where did you get the average price figure from?
What a really intresting thread , big well done to all those that contributed with the numbers and feedback etc. Certainly been intresting going over all the numbers etc
Agree Bombdog, I come out with the same figure..
Shares Held: 189,334,287
Average Price: 0.5229
Cost: £99,002,462.52
Worth (at current Price): £118,314,995.95
Gain: £19,312,533.42
Hello Bombdog, hope you’re well.
The way I calculated was by going through each RNS and calculating the difference from the last one, and then adding it all together and then dividing by their total ownership right now.
Possibly, I’ve made an error in there amongst the hundreds of figures I put into my calculator.
I get a weighted average of 52p per share for Jangho
Interesting, so apart from the top 3 pretty much all the rest are held by financial institutions who are almost certainly nominee accounts. That would chime with the comment from Investor Services which someone on here (sorry forgot who) got from them to explain the massive drop from c80p tp c60p. The line then was that it was mostly retail investors who were doing the selling.
Although one does wonder, if the *total* short is (IIRC and please correct me) c15%, the who have they borrowed the shares from to sell them?
You'd expect it to be the big index funds but there doesn't seem to be as many on the list (from a cursory inspection) as you'd think.
I mean, HL, AJ Bell, II etc can't lend shares that they are the nominee for as they can't control the PI/ II that they hold them for - 'we' could sell at any point in which case they's need to actually be in possession of the share.
Odd, and potentially could have implications for a short squeeze if there isn't that big a float of loanable shares out there.
My turn crunching some numbers in Excel when I'm supposed to be working, totting up those figures gives a total of 409,129,137 shares taking the average of 91p gives £374,844,115. At current price of 62p gives £255,623,885 and taking those two away gives £119,220,230 in the red. wow. Surely I'm missing something here?
Thanks for that Mountainous
It's good to know they are still holding firm with an average like that.
Hope you not too late for work :-)
This is for Jangho Group by the way
Good morning antmoss, I went ahead and looked through the RNS’s to calculate (I am taking date of the threshold being met as the price)
12/08/2020: 3.31% increase = 45,573,418 shares at 51.38p
12/08/2020: 1.18% increase = 16,183,888 shares at 51.38p
20/08/2020: 0.57% increase = 7,773,805 shares at 48.73p
28/08/2020: 1.43% decrease = 19,650,586 shares at 63.08p (no effect on avg)
01/09/2020: 1.57% decrease = 21,582,583 shares at 60.00p (no effect on avg)
10/09/2020: 1.34% increase = 18,425,546 shares at 49.55p
18/09/2020: 1.03% increase = 14,145,090 shares at 46.53p
21/09/2020: 1.13% increase = 15,446,596 shares at 42.92p
05/10/2020: 3.02% increase = 41,458,368 shares at 25.20p
11/11/2020: 1.38% decrease = 18,880,008 shares at 48.08p (no effect on avg)
17/11/2020: 1.31% decrease = 18,041,195 shares at 48.47p (no effect on avg)
09/12/2020: 1.09% increase = 15,021,312 shares at 62.54p
11/12/2020: 1.18% increase = 16,127,248 shares at 62.82p
21/12/2020: 1.23% increase = 16,939,352 shares at 59.32p
04/01/2021: 1.61% increase = 22,125,927 shares at 61.52p
06/01/2021: 1.17% increase = 16,028,136 shares at 64.70p
25/01/2021: 1.16% increase = 15,915,252 shares at 69.00p
29/01/2021: 1.28% decrease = 17,627,156 shares at 77.08p (no effect on avg)
22/03/2021: 1.03% decrease = 14,112,897 shares at 111.30p (no effect on avg)
26/03/2021: 1.66% increase = 22,819,084 shares at 102.95p
01/04/2021: 1.11% increase = 15,245,690 shares at 99.22p
Taking an average of all of this, we get an average price for all their holdings of 91.62p
Took me about 30 minutes, now running a tad bit late for work haha, hope this helps :)
"It is common to see investment platforms such as AJ Bell feature as a large shareholder in investment trusts. In the example of Murray International, investment platform Hargreaves Lansdown is the second biggest shareholder at 8.8% of the trust.
In these situations, the investment platform will represent lots of underlying DIY investors. When you buy a share via a nominee account, your investment platform is named on the shareholder register and not you."
https://www.sharesmagazine.co.uk/article/does-it-matter-who-owns-the-investment-trust-i-want-to-buy
Damn, just missed the list being at number 26.
Nope, shares owned by us are in our names. Those are company shares.
Some big names on that list
Morning all,
Good post ST
Can anyone remember what average Jangho would be at.
I would assume shares held by Hargreaves Lansdown, AJ Bell, Barclays and Interactive Investors are in client accounts so are actually owned by the likes of us.