Aquae, Is this the best MW (MF) can find now something about board meetings. These guys are making millions of pounds for their shareholders and they deserve every penny of the expense incurred. MF HAS LOST HIS ARGUMENT. If he still thinks this company will be insolvent soon WHY ISN'T HE SHORTING IT ANYMORE.
Gladstone short position of 1.12% ( 2,452,800) shares on 4/9/19. To close their position they will have to buy 2.45m shares in the market which will take the share price much higher from the current price.
For example in this case it's possible someone wanted to sell 100 shares. The broker executed four lots of 25 shares at the same price and the seller will pay commission for only one transaction. Since last Thursday the share price has been holding between 680p and 700p and the volume has been coming back to normal. Hopefully this should become the base before gradual rise in the coming days/weeks or even months.
Thanks 42 Trader for your time and effort. In my opinion, here the value investors with a long term view have nothing to worry about. The stock price will recover with time and when some institutional investors realise their mistake and come back.
Now whatever BUR board is doing, MW (MF) has something to criticise that. Soon everybody will start ignoring him. MY question to him is simple " IF YOU ARE SO CONFIDENT ABOUT YOUR REPORT, WHY ARN'T YOU SHORTING BUR ANY MORE'. The answer is you have lost your argument and now *****ting in your pants and afraid of being prosecuted.
You can't buy or sell any stock after 16.30. If the stocks were executed after 16.30 then person who placed the order could have cancelled the pending order today after seeing the hick in price. My understanding is the books are balanced by MMs after 16.30 and reported accordingly.
RE: Knocking on the door of £8 again14 Aug 2019 14:13
MW (MF) is now ****ting in his pants. He went out and had very expensive meal after his little achievement but couldn't digest all that food and wine. Now he is coming up with these imaginary tweets to show that he is still breathing.
On Friday MW was saying that a very few companies take legal action against him and generally they aren't successful. I would say just one company like BUR needs to be successful in their legal claim to financially ruin him and make his company insolvent. When BUR take legal action against MW, the claim will be for a substantial sum of money. It will not only involve the amount of money he made by shorting but also loss of BUR's market value and their reputation etc.
MW opened short position on 5/8 with .71% closing price on that day was 1381p. On 6/8 even before this report was out he bought .14% of shares closing price on that day 1120p. on 7/8 his report appeared at 9.00am and by end of that day he had bought another .45% closing price 605p. He closed his remaining .12% position on Thursday or Friday. My point is on one hand he was saying the company doesn't have much cash and it will be insolvent and on the other hand he didn't believe his own report. In the process he has made 8 to 10 million pounds. I can imagine he could be sitting in a posh restaurant with his family and friends having a very expensive meal and bragging about his achievement with BUR at the expense of all the investors who have lost heavily. I hope he might have trouble digesting his meal and ends up where on one wants to go. I have no problem with shorting stocks. There is a list of companies being shorted by fund manager etc. For example 8.8% of Anglo American mining company is being shorted. Problem is where a company already shorting and then a produce a research report about the company. Whether the report is correct or wrong, initially the stock price always goes down. I think this is where FCA needs to set up some rules and regulation. FCA should say that the report must have a fair value of stock unless the company is going to be insolvent. For example if MW report said they think BUR shares fair value is 600p than MW shouldn't be allowed to buy stock above that price. They can buy the stock only if the price goes under 600p. At least when TW or Motley Fool are giving any statements about a company they specifically declare that they are not holding any stock in the company and they are not going to benefit directly if the price of stock goes down due to their reporting.
RE: This is AIM and t's what happens. No different to shorting, really.10 Aug 2019 14:46
MW or MF, son of so and so, said in his report that the company doesn't have much cash and will be insolvent. I would like to ask him why did he close his position within two days and didn't wait till the company was insolvent. In the process he has made 8 to 10 million pounds but left many investors with much bigger losses. I think he is a scum bag who doesn't hesitate to make quick money at the expense of other investors and must be brought to justice for false reporting.
Here is my mathematical work out about short positions of MW (I call him MF). I have presumed some buying and selling prices according to share price during the days mentioned. On 5/8/19 MW sold 0.71% (1,555,000) shares at 1350p each = £ 20,992,500. On 6/8/19 he bought 0.14 % (306,000) shares at 1150p each = £ 3,520,000. If he is still shorting the remaining 0.51 ( 1,246,000 ) shares and decides to buy at today's price of 800p = ( £ 9,968,000), he would have made about £ 7,504,500.
Directors were given shares in January at price based on last year end averages. Next year they will be given more shares at prices ( between 6p to 7p) based on this year end average. You need to read the annual report to understand this.