It all depends on your view pint, personally I see a share price as being subsidised by the short side, it can't last forever with management hoovering clips of 4.9m - someone somewhere had to pay for that.
Keeping a lid on the share price is not easy, it may simply become too costly outweighing any benefits of the options trade.
Short tracker showed an increase this eve, it could point to further efforts to keep the lid on, however that was before today's TR1 notice.
Here's a crazy notion, that 4.9m share purchase would have cost £29,204,000 if purchased at IPO prices, today however using discount code 'prop trader' they can be yours for just £1,911,000..
n/p, the CFD side seems pretty straightforward, as we saw with Rule 8 notices many of the market participants had long/shorts at the same time, essentially you are taking out a CFD long with yourself, this explains why funds can close (as Blacklrock after recent bid) out without impacting the market or indeed move it, one cancels out the other.
dpws500, interesting observation, my suggestion would be some of those declared on short tracker were added/increased during the current month - Euroclear lags one month, if correct it should become apparent when EC updates on or about 2/3rd working day.
Shorts we see declared (short tracker) are generally only half of the trade with a synthetic long CFD covered by an option, I have to confess these instruments are somewhat confusing, if anyone else has better understanding please feel free to elaborate.
'Straddle trades' are nothing new in the options market but the ability for prop traders to take control of L2 strip is in relative terms.
Having a short covered by both a long CFD and an option makes them pretty fearless, almost a nothing to lose attitude, of course someone somewhere is taking on the risk at what cost?
RE: The most useful THG Ingenuity client site ....29 Sep 2022 16:02
LD1973, it could be the URL's have changed so possible broken links, I have seen on the link below URL's change several times which may indicate they are beta sites under testing.
Its fairly common practice before adding to the TXT file allowing Google indexing.
Proper bear market in full swing, regulators might step in, FCA ban short selling, that sort of thing.
"Further, there is strong alignment between Myprotein and Iceland for a better, sustainable future with both brands committed to reducing their environmental impact. Iceland’s own brand is palm oil free and part of the Plastic Free Pledge. Whilst Myprotein’s ‘zero to landfill’ policy ensures all wastes are recycled. Both brands are committed to becoming Carbon Neutral by 2050."
RE: Traditional shopping still viable ?28 Sep 2022 22:24
I appreciate a lot of investors are probably wondering what's all this ESG malarkey, but the trend is now well established and growing as more and more companies advertise their green credentials.
THG are well placed in this regard as they have end to end fulfilment along with in-house manufacturing/packaging,, it is likely to become a standard requirement for new and existing Ingenuity clients.
This falls into the box of forward thinking by management with ROI not being necessarily visible for several years. THG have already invested over several years, many have not and may choose to simply use someone who has, it could be another stick to prod prospective customers onto the Ingenuity platform, in return they can display their own eco credentials without the heavy investment.
Fitch now have ESG rating which may impact companies credit ratings and ultimately cost of borrowing.
RE: Traditional shopping still viable ?28 Sep 2022 21:12
Posted my mutterings around energy, climate change and so on a few days ago.
Companies are starting to issue their own ESG reports as part of overall governance, it can also help achieve 'best in class' or 'green status' needed for the emerging eco-funds.
e.l.f released theirs this week.
OAKLAND, Calif., September 27, 2022--(BUSINESS WIRE)--e.l.f. Beauty (NYSE: ELF) today released its first-ever Impact Report, detailing the Company’s environmental, social, and governance (ESG) initiatives and accomplishments for fiscal year 2022.