Member Info for Auson

1pencil,

The FCA disclosure requirements are not bound by the only UK based banks, hedge funds. A US fund with a short on a UK listed stock over 0.5% net short would have to disclose to FCA.

1pencil,

Thanks for the link but I wonder how did they acquire those shares, are they not all borrowed and not yet sold ? Correct me if I'm wrong but Marshall's 0.78% net short position showing on shorttracker is worth £61.69million today whilst their holding in August is only worth £404,125. My thoughts are this is all part of running the Algos, they need shares to sell to suppress the price action, and will be constantly buying and selling with the aim to keep relatively square at the end of the day.

Dark_Knight2020,

10.4% stock on loan at end of Oct. Is that enough for a short squeeze ? I fully expect some of those shorts to be hedging PFC bond exposure.

Tony99999,

Nice easy cfd short from here then up 8.6% in a day. Do tell us how many £ per pp you take out.

1pencil,

I would be amazed if Marshall Wallace had any long position here. I think they have been short for some time Oct 2022 0.5% they have also been short WPP since Oct 2017 currently 0.78% short. Looks like they are just negative on the sector and they have been right. I expect the tiny increase and them becoming active after being dormant for over six months is them actively closing. Just my thoughts.

From 3.65% at end Sept down to 2.86% at end October, looks like shorts are closing hence the rise !

Allinittogether, 1pencil

If you look at short tracker it shows Marshall increased by 0.01% reported on 31 Oct likely happened on 30th Oct or before. Their last short record was 0.49% on 17 Mar 23, the share price closed that day at 160.5p and they had 0.5% on 1st March 23 when shareprice was 205p.

Now they might have previously reduced the reported 0.49% and increased more than the paltry 0.01% reported 31st Oct but looking at the low volumes and low amount of stock showing daily available to short I doubt it. Looking at shareprice action last few days I'm thinking, are they closing, its too soon to be shorting pre 9th Nov I feel. Stock on loan is also down considerably over the month of October at 2.86%

1pencil ..any thoughts on that ?

A hold !

Ntl101,

Perhaps our CFO has a head for numbers ?

Mary Basterfield is the Group CFO at S4 Capital. Mary has over 15 years of experience in finance and has held various senior positions at companies such as JUST EAT, UKTV, Royal Free London NHS Foundation Trust, Dentsu Aegis Network UK & I, NCRI, Hounslow and Richmond Community Healthcare NHS Trust, UCLU, Expedia, Inc., and Warner Music Group.

Mary Basterfield completed their undergraduate degree at UCL before going on to complete their MBA at the Saïd Business School, University of Oxford.

Ntl101,

You can't just loose an Economics degree and an MBA.

Ntl101,

Sir Martin was Group Finance Director at Saatchi and Saatchi in the 1980s He studies Economics at Uni and has an MBA, so you could say he understands numbers.

1pencil,

Thank you for your very informative reply. Do you have any personal price targets for SFOR ?

Dudio,

They already do, The Argentina office is very good.

Papegoja,

Thank you for posting that, I have to say I am amazed that so few Swedish holders have sold !

1 pencil,

From the bloomberg ownership data we saw do you think it looks like the sell off has mostly been retail ?

Voiceofreason1,

Very good points, what also gets my goat is the view that low interest rates have caused all this inflation, when I think its obvious its all the money printing especially COVID and give aways, plus lock downs and supply chain disruptions. Why have house prices in a number of areas increased by 30% since COVID. Why are classic Porsches now worth 2 times to 20 times the value since money supply increased in the late 1990s

Got to be some pressure on the shorts right now. Euroclear showing stock on loan up to 5.37% over September from 4.22% end August

Phrontist,

Well if it works for WPP currently paying 5.4% with net debt up by over £1 billion

Stevo12,

Thank you for all your calculations, for risk management would it not make sense to be short the equity if one holds a large amount of the bonds ?

Oxygen,

Embargo or Straits of Hormuz blockade is definitely not priced in ! Also $90 Brent is not currently priced in to Enquest share price, if you look at the futures prices.