Member Info for 1pencil

Its likely those that participated in the recent fund raise used Spreadex to purchase physical shares which have been converted to a leveraged product, Spreadex now own the physical shares hence TR1

The difference between Speadex last TR1 is 26,400,000, this number is fairly close to some of the individuals that took part in the fund raise.

What is there to support this statement?

"Those CFD's would have been closed when Bloomberg appeared. I think you totally underestimate the market experience of those involved @KLSO."

Lose your bias against Chinese stocks as the tide could turn with policy support in store, JPMorgan Private Bank says

Reasonable valuation, steady earnings growth and policy support will reward investors taking risk on Chinese equities after the recent sell-off, the private bank says

Bank says more than two-thirds of its US clients have no exposure to China, and around half of them are materially underweight on Europe

https://www.scmp.com/business/markets/article/3223115/lose-your-bias-against-chinese-stocks-tide-could-turn-policy-support-store-jpmorgan-private-bank

Much prefer to see a low number of posts, currently at about 10% from the bid activity peak.

Kelso quiet, expecting to get an update soon though given low share price and recent cash pile. Still small but so is today's volume, probably less than £1m actually traded after churn, Kelso could have up to £14m with leverage.

Quick follow up to yesterdays post, here's a small list of sites in China - may not include everyone.

https://storeleads.app/reports/thehutgroup/CN/top-stores

Just seen your post on a d v f n davey, thought you had more shares than that but sorry to see you go.

The Alibaba one is hosting details but that doesn't exclude THG doing something with Ingenuity, it just means the web site is not on their servers.

THG has a presence in China with myprotein, Lookfantastic and others, China and data - it maybe easier to use a local service for hosting and compliance/data protection.

Those are web sites hosted by THG which will include some Ingenuity customer too.

Hosting, data centres, that sort of stuff but many will be limited to just that, hosting.

https://www.ingenuitycloudservices.com/

UK2net was one of the best hosting providers out there, old skool customer service, no down time (ever) which is probably why THG bought them a while ago.

Cheers dpw, still keep tabs but no longer post info, bit wordy to explain each time.

@1pencil, 8.97% stock on loan average over May if you’re still updating your excellent tracker?

It was a bit random davey, but the underlying theme was basically growth stocks out of favour with borrow so high.

Nikkei hit 1990 high today, Takeda up but still a long way off their highs too.

That's an interesting point too davey, perhaps there is a skew when HCM did the fund raising meaning we have more US based investors/trackers/shorts adding sell pressure?

Have a look at the five year chart on Yahoo for Scottish Mortgage Investment Trust plc (SMT.L)

Link is too long to post but in essence this company trust was for many years a darling of the stock market, much coveted by investors - at least while it was going up!

Go to the tab marked 'Comparison' add in 'HCM', choose bright purple for colour -

If you look at HCM's high of 612p in 2021 it coincides with SMT being close to its peak also. In terms of overall fall it is very similar to HCM although it has bounced a tad since.

Here's what is happening today

https://www.thisismoney.co.uk/money/investing/article-12155241/Is-time-ditch-Scottish-Mortgage-UKs-investment-trust.html

This interview may go some way to explain the current mis-match in valuations. Interviewee is Dwight Anderson, Ospraie a well known US investor from Tiger Club stable.

Its over an hour long and a bit dry in parts but he does give many examples of commodity stocks and others trading on very low multiples, there's also a mention of biotech sector too.

My own view is these valuations are not limited to Hutchmed and other biotech's but across the board , not sure it even has anything to do with geo politics tbh..

Video at time of posting is 10 months old.

Dwight Anderson, Ospraie – A Tiger Cub’s Take on The Chaotic Commodity Markets

https://www.youtube.com/watch?v=gLGkokdz9wo

Some general read across to PHC perhaps;

As regulators clamp down on chemical pesticides, plant-based pest control is natural pick for investors of Eden Research

https://www.thisismoney.co.uk/money/investing/article-12155215/MIDAS-SHARE-TIPS-Plant-based-pest-control-natural-pick-investors.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html

Agreed Oke, it was good business, managed to hit the nail twice !

That said I think it was more to do with hot money arriving en masse hoping for a quick turn. Forum went from 100 to 600 posts a day for sometime, 'proposal' soon morphed into 'bid' and the rest is history as they say.

All part of the game ..

Https://www.cnbc.com/2023/06/02/cancer-drug-shortage-fda-allows-import-of-unapproved-china-chemo-med.html

GoCPI, no idea, but as mentioned on many occasions doubt any are net short anyway, at least on THG.

Large UT trade the other day is where shorts are added with an opposing long.

Personally, never really understood shorting for the sake of it.

Imagine sitting in front of your bank manager with a business case.

"Hello bank manager, have a great idea for you"

"All ears"

"We are going to sell shares in undervalued companies driving prices down further"

"Okay, why would you do that, surely better to buy companies if they are undervalued?"

"We hope to create a bit of a run, fund mangers and trackers tend to sell in a falling market"

"Sounds like a huge gamble, one question though, if you don't own the shares how are you going to sell?"

"We're going to borrow them from other holders"

"Thank you for coming in Mr Hedgeflop, please close the door behind you"

Personally, never really understood shorting for the sake of it.

Imagine sitting in front of your bank manager with a business case.

"Hello bank manager, have a great idea for you"

"All ears"

"We are going to sell shares in undervalued companies driving prices down further"

"Okay, why would you do that, surely better to buy companies if they undervalued?"

"We hope to create a bit of a run, fund mangers and trackers tend to sell in a falling market"

"Sounds like a huge gamble, one question though, if you don't own the shares how are you going to sell?"

"We're going to borrow them from other holders"

"Thank you for coming in Mr Hedgeflop, please close the door behind you"

Qubie offering discounted shares, Kelso will be happy..

This what Eden did with Sipcam, you can bet Cenkos being broker to both have said same to PHC management which is why I see this happening at some juncture.

Only snag is share price is on its botty, shareholders unlikely to approve at this level.

https://www.lse.co.uk/rns/EDEN/placing-subscription-open-offer-3luge76ymdjst1a.html

If you changed the name to Wilbur-Ellis would anyone be surprised ?