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I don't think we should be worrying about these shorts as
Systematica has been up to 1.30% in the past and Gig partners up to 1 % in the past so haven't really increased their shorts at all.
Shorts move all the time.
This pain can last for a long time...even for a few years.
Everyone is expecting a quick takeover and that would be good however it might not happen for a long time and Cosmen's are happy to buy this slowly.
If you would have told me a year ago that one entity will buy 15% of this and the sp will be at an all time low I would have said you are delusional.
I have learned a great deal from this experience which will prevent me from making the same mistake in future.
Most of us won't make any money from this share but maybe we can learn something.
I was a long time buyer of this share.....not anymore.
I am just gonna wait now and I believe it will be a long wait.
Unfortunately I think anyone that has or holding at over £1 will find it hard to make much out of this in the very near future unless they ave down a lot, but anyone that's been sitting on the side lines watching and waiting and now buying at these levels will make money in the next few weeks / money. But that the way things are and luck sometimes play a big part in what happens.
But the same people that might be lucky here can also be the losers in other shares because as we all know it's just a big game in the end.
Hi @fishbone, with all due respect, what do you mean won’t make money? Surely, if you lower your average below 85p, that will ensure you at least break even?
Hi theAccountant.
Yes you are right however breaking even is not making money and after 2 years if you only break even you have to consider the opportunity cost which overall gives you a loss....and a decent loss as well.
I have made my peace with it and to be honest as I am not interested in adding anymore, I do not have to check the price on a daily bases .
I will just let it do whatever it wants to do and I still think Cosmen's will own this eventually, I am just unsure of a time scale with all the shorts increasing.
And I know some of you think the management is not to blame.
In my opinion they are the biggest reason this is so low as all the other peers are doing much better.
A change in leadership would have made a difference in the same way as it did wit RR with Card Factory and some others.
Hi fish I have been playing this game for over 40 years and have done the same as you at times.
I have bought shares and they have gone down big time and thinking I will sit tight because I thought / knew that long term they will come back.
So if your thinking that and happy to wait as your money is safe, then why not put a little more in if it's spare money at least your new money will grow at a lower price while you are waiting for the SP to come back up and you can always sell those extra shares and make a little more money while you are waiting for the original money to come back. Life's a gamble.
Hi jed.
I am not buying as the markets are trending down and I am finding better opportunities elsewhere. And on top of that I have enough shares and it just doesn't make sense for me to get more.
Got well done on Darktrace
That's good and the right move for you and the rest of us will probably lose some money here. best of luck.
Yes there has been a plethora of companies taken private from LSE.
No one wants to be listed in UK anymore and I don't blame them.
Jesus C, another one appears, we really are under the cosh and now being targeted.
I think this is going to get really ugly here.
Shorts probably don't believe the guidance and expect further profit warnings.
What an awful investment.
JG, not really, they just know there'll be no update for a while so they can hammer & chisel away at this in the meantime. I'm surprised it's held above 50 tbh!
@JG68 - don't lose your marbles mate.. there are always many shorters below 0.5% threshold.. just because we don't see them appearing in the list doesn't mean they are not there. A lot of these small increases in shorts are driven by technicals and many of them are done by algos just following the trend.. tbh i don't mind more shorters appearing on the horizon; it will hasten whatever needs to happen which is either cosmens showing their hand or a PE firm looking at it from the angel of SOP valuation
Best not to concern yourself with it if you're already invested as nothing you can do. An opportunity for buyers when they do a raid on the SP though. It is what it is. Doesn't change anything what has already been discussed really. Not based on anything new & happens on loads of shares!
& yes KG is right. Personally i don't really care how much they dunk the ticker. I'm not selling any until the price reflects the value. This will force interested parties to show their hands!
shorts at the highest level now in the last 10 years.
makes you wonder if we are gonna see another hotel chocolate- this was my take for the last few months.
when i hear people saying that there is nothing the management can do it makes me laugh.
when you have 300 mil on the balance sheet and the debt repayments are well covered you can always announce a 50mil buyback which will stop this the next day-and there are others ways to if there is will.
who knows, maybe the cfo was not on board with what is happening here as there was no love between him and garat during the conference call.
i am intrigued now to see what happens and don't get me wrong, i am not selling my shares. just not buying anymore.
time will tell.
this seems so rehe****d it should not even be legal.
Fish, if they announced a £50m share buyback after that update the SP would fall to the 30s!
Shorts come. They squeeze all the shares out of panic/distressed sellers hands on the cheap. They then leave having gone long and watched those lovely cheap shares head to the sky & the beleaguered seller looks on in dismay. Hold on tight to your shares!
Fish, you are overthinking this one & too focused on the ticker. This will push you into a panic sell. Ask yourself the following questions: 1) is the business fully operational day to day?; Has anything changed fundamentally with the day to day operations recently?; Have they been making lots of redundancies?; Does it have enough funding at least in the short/medium term? When you bought your first tranche of these shares, why did you choose this stock? & bar the SP what has changed & can that be reversed?
Looking at the daily ticker will drive you up the wall. Best avoided!
Also if the new CFO arrived & made a statement regarding her plan of action & the SP went from today's SP to say 80p in a day. Would you sell all your shares there & then?
Paddy thanks for your concern however I do not panic sale.
never did and never will. I had shares down 80% and I just kept them.
And the share price does not bother me anymore, like I said I have made my peace with it.
I just want to see how it unfolds.
This is just about sentiment. The sentiment will change here. time is a great healer!
I remember buying SGC shares in the pandemic @31p.Unfortunately only a really small buy. Sold at 70ish if i recall. was way over £1 few months later!