RE: Actus increases short to 0.64%23 Dec 2024 23:39
Evening Nofear,
If it makes you feel any better. Gocpi has had plenty to say about your input but you've benefitted by selling at 17p. Had you kept ur stock, u would have lost 20% plus 5% interest on savings. So you've gained 25% by doing nothing after selling. Whilst Gocpi, not only increased his paper loss on capita, he has further added to his paper loss on sfor. Both nearing their all time lows. Not everyone has the skills to buy in stocks that hits near lows so gocpi would possibly be good at shorting because going long hasn't really worked lol
@jg68. Look at what the shorters are doing . Qube added to their short around 15p recently and now actus added around 14p. Both likely to be in significant paper profit. Yes u can look at capital one sale and compare to market cap. But if money coming in is quickly dipped into, to pay debt, to cover the increase cash outflow, the cover NI cost then to have have enough working capital. You've sold a profitable company, shrunk the business in revenue and profit to plug the holes in the ship. If capita doesn't plug those holes, and doesn't get cash injection, debt could rise. So everything is still uncertain. We've had many projections and expectation, very few had been delivered if any. It was all about convincing the City it was turning a corner but the update we got was anything but that.
If actus who isn't imho as brave as qube added to their short of late. Qube is almost close to certain likely to add at these levels. With zero growth in UK markets predicted after recent downgrade. Everything js going in their favour.
As savage has pointed, the SP is bare holding above 14p, to see 1m+ shares sold in one transaction on open market at these levels is worrying.
Imho
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