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Tiger, lets agree to disagree.
If the shares were worth £4 and that was obvious to people who do this for a living then the small time Hedge Funds wouldn't stand chance. It's collectively a £20+ million stake in a market that trades tens of billions a day..
It would be pi55ing in the wind if they weren't on to something..
FWIW I cant stand them either because I don't short shares, but it's easy money for them most of the time..
Multiple 350K buys worked through......2.1m
shorts are much higher than 10%. Let's remember only those shorts over 0.5% are reported. There must be many more companies with smaller shorts which all adds up. Main concern is that it seems they are comfortable being in as the risk of anything positive and thus quick SP increase is high whilst the rewards are low. UNLESS they know any spike would be short lived due to the FCA.......
how can they do this ?
on the plus side we have just turned green ?
probably won't last, but a least it is better than red for a bit
o hold on before I even got to post red again
No, the shorters ARE most of the problem here, IMO.
In principle, I'm in favour of shorting. But this kind of "gang shorting" with the aim of destroying a company (including by highly dubious and possibly criminal means) does need to be stopped. And punished with serious time.
Both sales now reversed !!!!
Well I don’t know if I’d be that pessimistic but I’ve certainly changed by expectations on this one.
always what if's in this game fella...,, but like Garyn said,, most of the what if's are priced in.
How about an alternative no axe to grind i'll buy when I know more, non derampy view ?
What might happen if the numbers are poor coupled with negative forward guidance (£33 million more on the balance sheet) and ongoing FCA concerns ?
What might happen if the SP drops another third and it then makes the news that it's dropped from £40 to 1.something quid ?
What might happen when Beryl and one or two of her mates start queuing outside one of the shiny new highly priced branches to withdraw their money ?
It's not as cut and dried as most on here say, otherwise we'd all be buying. Hedge Funds are not the problem it's the company and it's directors that are the problem...
Hope your right but having been in here since the drop I can’t tell you now that everything you think you know won’t help you here! You get bad news then there is a big drop good news equal nothing no news equals nothing!
The MREL issue was at a bad coupon for the company - but given the drop prior to that (and some of that as a result of Brexit sentiment rather than actual fundamentals), I would argue that anything negative is priced in. Took some at 203p the other day, although mainly as a trade.
In addition - the SP sits flat still...........
It's no plain sailing ,,, but look at it this way..
shorties sold 10% of stock
ii's have purchased 10% of stock,,
now theres another 10% guaranteed to buy in with no help from sellers...
basically, they're gonna bid against each other for stock..
when that happens i don't know?, but the business continues to grow, and no signs of bad news in the near term..
Look how other banks are doing with Brexit.. When were clear of a path forwards, Banking stocks will have they're long awaited rally imo
1.4 M GBP
Yes - large - but think this is an individual rather than HF / shorts ?
This is pocket money for Vern's mates !!!!
Just a thought
Been here before though couple of weeks ago we was certain tr1 was on way such was the sizes going through .... nothing .... in fact sp dropped
being taken off the market here,,
it's not a case of if, but when this goes crazy,, shorties should be concerned imo...
don't think they expected 10% of the shares in issue to get taken off the table in such big grabs..
gl closing those bad boys...