Hi all,
Does anyone have any information on exactly what short positions are still open? I can see nothing listed for Yu on shorttracker.co.uk?
Also, did we get an answer on where Yu’ s cash had gone? £2.1m at end of year vs £14.6m end of 2018? I am aware of the hedging facility but to me it looks like an overdraft facility (have I over simplified)?
Still cautious here but it does seem to be bouncing. Any ideas?
GLAH,
Matt
I was originally thinking of pulling out prior to tomorrow’s RNS, but after catching up on past RNS’ re: DOJ case and investigations ongoing - I’m gonna take a chance. From what I have read (and I have probably only scraped the surface), the company responded appropriately to the claims and have briefly stated why they dispute them.
I note also that the company did try and reach a settlement which was rebuffed. I am hopeful that INDV will emerge unscathed and with plenty of cash in the bank and a decent pipeline (even allowing for generic encroachment into it’s current markets), I am holding for a significant rerate.
GLAH
Matt
You are certainly more informed than I - (I don’t have any technical info but am of course aware of the doj situation). I’m betting on a low ball settlement tbf but even with that I see this moving upwards. Decent pipeline and plenty of cash in the bank. For once were there some decent after hours trades? Not that it makes any difference:-)