RE: ... I started at 86.7... another purchase this morning @77.9...20 Jun 2023 13:27
Hi. First post! Everyone is talking about weakness in the business rather that weakness in the holders. Surely some of the institutionals will be holding SYNT as part of an LDI scheme collateralised with gilts. Could they be selling weaker holdings because they are receiving margin calls as gilt yields increase? As far as I am aware nothing has been revealed publicly by SYNT that would cause such a sell off. However, there is activity in the gilt market ahead of tomorrows inflation figures.