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Southcoastbather, the share price has skulked around the 20s and 30s for what seems like forever. The company doesn't make a profit, never paid a dividend, doesn't communicate at all well, and can't steer clear of scandal.
Your pie in the sky rampy claims look border on the delusional when set against that backdrop.
Not sure what your point is, southcoast bather. Trying to stir up trouble as usual, over nothing at all.
I heard that BOO just announced a huge new mash-up with Richard and Judy. Your other idol, Umar, got wind of this and tried to buy the entire company on the spot. The price immediately shot up to 650p, and that's why trading was halted.
Warms my little heart, watching southcoastbather being absolutely schooled.
Let's not forget that during Trading4good's pomp, southcoastbather was always there, to back up his idol, no matter how outlandish the claim or how twisted the interpretation. Touching, it really was. Now the board bully is gone, he's badly exposed.
650p imminent.
ASOS closing the warehouse they opened not so long ago:
https://www.telegraph.co.uk/business/2023/11/01/asos-close-warehouse-lichfield-sales-plunge-cut-costs/
For me, indicative of a seriously distressed company. Excessive inventory, sales decline, loading up on debt.
As for Boohoo, is this an opportunity to muscle in on market territory vacated? Or is this a harbinger for a similarly positioned business? The share price does seem to bounce back quite well to its 30-31p base which gives me some solace, but is still a whopping 0.07 bagger versus a few years ago, so let's not get carried away.
PDS2023, it took a while but I tracked down the current rate. It is 2.3%, whereas for the longest time it was 0.11%. Bear in mind that the rate stated is not necessarily proportionaly to what one receives in actual cash.
The broker clarifies this beautifully with the cloudy statement, "stock yield enhancement participants are paid a percentage of a market-based rate". Translated, it means they reserve the right to fiddle the rate in a way that best compensates them. My suspicions are that us mugs are only receiving the leftovers of what the broker has creamed off for lending out punters' shares to shorters.
Nevertheless, it does appear that shorters are now paying substantially more to borrow stock. Read into that what you will.
This month, the returns (at least from my share broker) from loaning out stock to shorters have gone up by ten times. Previously, it was dirt cheap and I earned a pittance from it. Perhaps the available shares are about the same and shorts are more prevalent and determined than ever. Or perhaps available shares are drying up while the shorters remain about the same, making the loan rates more expensive. Maybe a combination?
Https://www.lse.co.uk/news/london-market-midday-ftse-100-falls-after-stubborn-uk-inflation-data-m0gfffwc44vhn7g.html
Inflation continuing to weigh on the economy, possibly extending the period for which interest rates must remain elevated. Ergo, dampened discretionary spending. If people are counting on a mega Christmas bonanza, then I wouldn't be all that sure. Longer term, fingers crossed that this is merely a plauteau before the inflation fall resumes.
You beat me to it, Daytradenovice. Lots of excitement around about "Big Mike" riding to the rescue. I remain unconvinced that his involvement is a good sign. Happy to be proven wrong, preferably at 77p or higher.