The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
I have a theory on were the shares are. In a bid to reduce their carbon footprint HSBC have employed a one armed guy to paddle the hard copies across the Atlantic in a canoe. This is a wee joke because if true we would probably have our shares.
Aye I know. Dragging on a wee bit too long now. Checked the link that Medjed was kind enough to supply and it is stating 49% shorts. I really thought they would be closing if peoples shares are on the cusp of being delivered. The mind boggles sometimes. Gla.
Cannot believe how long this is taking
Message today Friday m HL. The hsbc agent is reviewing and processing their instruction. 🤮
Thank you NIlnvestor, for your excellent contribution all of which makes sense to me. I need 6% to breakeven and shall certainly not sell below that. As you mentioned, it will be interesting to see how shorters react, especially Naked Shorters, who will have no fees to pay and as far as I am aware no time factor involved. If Naked Shorters do exist what number of shares are they connected with?
Yes, won't it be good to see the stock price trade on fundamentals.
It certainly feels that the stock is ready to rocket. We've all been patient and from what I'm reading it seems that HL should distribute the shares very soon (any day). Shorts need to buy stock to return what they borrowed. That should send the price higher as they buy, and the higher it goes above what they borrowed at, the more desperate they become to get out as they will be losing money with every % higher. However, why would current shareholders sell at this ridiculously low price, or anywhere below breakeven which would by around $6 for many. In that case of not many shares being available for shorts to buy, I'm not sure what happens. Can shorts be forced to close and if so how? It will be nice to get this short term manipulation and trading strategies out of the way and start enjoying seeing the stock price trade on fundamentals.
I have a feeling that I detect a slight strengthening in the share movement today so perhaps things are beginning to happen at long last. Surely it cannot be too long now before HL shareholders receive their shares. What happens then I really do not know because I just do not understand how Shorters operate and certainly not Naked Shorters.
Thanks for the info. About time. 🤞this week then. I wonder how the 1 on 1 meeting went with the investors. Hopefully this will be resolved and might generate som interest with the big boys. Might get an early Christmas present.
Thanks for the update on HL
Can I I investors please confirm they have received their shares and they can be traded. HL have advised this week that HSBC are now processing the share dealing so presumably HL have crossed their t s and dotted their I’s. Trying very hard not to lose it
Thank you, Awl007, I shall have a read of the book you mentioned.
I shall be pleased to hear any comments later of the 1-1 Conference which SMDAI Management and Institutions are attending.
Morning all. Had a look at the link that you provided. A lot of it was over my head but managed to find the table with the short percentage. So thanks again Medjed. Warty the book on Amazon I was referring to is called Day trading for beginners. Wish I had read it before starting. Good luck all.
Glad to help. Yes I too was shocked how rampant naked shorting is in the US. Give me AIM any day lol. I have now had a look at quite a few 2023 de-SPACS they all plummet to $2 or below right after merger. Looks like its regular practice by the MMs and brokers to attack them right off the bat.
Good luck to all of us on this stock. I hope it recovers and surpasses our expectations!
Big thanks Medjed. I think this is definitely having a negative effect on the sp. From what I’ve read it’s illegal in the uk but rampant in the States. I most probably am wrong but just the information I’ve picked up. Hope it gets resolved soon. Then we can see we’re it goes under its own steam. Thanks again and good luck with all your investments.
Fintel publish FINRA data. You can access most of the tables for free here without opening an account.
https://fintel.io/ss/us/mdai
For the past two days they seem to have eased down, with 'only' 33% of all transactions being short.
I have a hunch that HSBC non-delivery of shares is somehow linked to the rampant naked shoring. I'm not sure how because as far as my (limited) understanding of naked shorting goes, they don't need the shares, or even to know where the shares are, to sell them naked short. They essentially sell non-existent shares and the buyer will experience non-delivery because they were not real shares.
Unless they sold the actual people's HL shares short, in which case they seem to be screwed because the public float is only around 250k, they can never hope to buy the real shares back to deliver to HL customers.
If that is the case, it will be interesting to see how it plays out.
Medjed seems to have a better grasp and more information on the short percentage. I’m not sure were to find this information. Could anyone point me in the right direction?
Morning all. Watty there is a couple of books available on kindle and free with prime worth a read. Can’t remember their names. One is basically investing for dummies (re me). The other is more in depth for seasoned investors and made my head hurt.
As for the share price it’s anyone’s guess. But in my opinion once people have ability to trade we may see a rise. The company has a good product but still in its infancy.
I have had a costly experience when I started investing by trusting people on these boards and taking what they say as gospel. Only invest what you can afford to lose. Good luck with your holdings and keep your fingers crossed.
Thank you to those of you who very kindly went to the trouble of explaining shorting to me. I give up on this as I shall never understand it and especially where Naked Shorters are concerned.
I am still wondering what will happen to the share price when the HL UK shareholders receive their shares whenever that might be. Perhaps my best course of action is to continue to sit tight , watch, wait patiently and hope for a sudden huge rise in the share price.
Thanks. Will try marketwatch. I bought before merger with hl and it keeps saying no information available. 😵💫.
Google
Marketwatch
The platform you bought shares from?
IG show live prices for example.
Can anyone advise were I can get live prices and trades for this share. Nothing on this board.
Thanks for the update Olliemarples
Sorry Ollie. The second part of my message was for wattie. Too early in the morning.
Thanks for the update Watty. Will start to look into it after the holidays if nothing has happened. Watty. A shorter is a broker who borrows shares from another broker or company then sells them on to an investor. They will then hope prices fall or even better for them that the company collapses so they can buy back shares cheaper to repay their original loan. Like betting on a team to loose. Naked shorting is a new one on me. I think they sell shares that don’t exist then hope for a placing. Have I got this right. Please correct me if I’m wrong. GLA.
8 weeks from which event?
MDAI launched on NASDAQ on 12th September if its 8 weeks from then that compensation is claimable.