Member Info for bon_scott

I'm not sure it is a wise investment strategy to go all-in "COZ UMAR BOUGHT!!!".

What a laugh. Harvey Jones of the Motley Fool stated on Saturday that BOO is a stock to "avoid like the plague":

https://uk.finance.yahoo.com/news/one-growth-stock-d-avoid-160000186.html

There was a time though then he was tipping this as a buy. You have to trawl all the way back to, um, the 4th of September. Yes, earlier this month it was a buy with a bright future. Now it is plague-like.

https://www.fool.co.uk/2023/09/04/up-18-in-a-week-is-the-boohoo-share-price-set-to-rocket-again/

If there's one thing that I would wish, it would be for these weathervane "reporters" to at least be consistent. One has to wonder what the agenda is. Click generation? Cahoots with hedge funds? Simple memory problems?

Thank-you Pedro. Maybe these two days have been unrepresentative, but this place does seem rather unnecessarily vicious and I can't fathom for what reason. I'll admit to being thoroughly hacked off about BOO's performance, but it seems that some have pretty much descended into madness because of it.

WolfofWarks www.shorttracker.co.uk seems to be quite widely accepted as a truthful guide to which shares are shorted and by how much. On the homepage, BOO topped that list for quite some time. From Aug 18 2022 onward, CINE was consistently below BOO in percentage of shares shorted. Nobody is claiming that BOO holds the all-time record for the longest stint at the top, merely that it was at the top of the list for a painful and inordinate amount of time. Seems to be heading back up that list again too.

But it is beside the point. I was simply stating that it is rather cheap to borrow shares for shorting. Therefore, it would be understandable if a hedge fund persisted in doing so.

PDS2023 Just one more thing: BOO is the second most shorted stock on the exchange, having occupied top spot for the longest time. IMHO, this represents significant demand. Yet the compensation for lending said shares is awful. I reiterate my original point though, that those shorting are happy to hang around precisely because the borrowing costs are so low.

PDS2023 I agree. Huge opportunity costs. Being moribund like this is so frustrating. It is certainly not where I would like to have ended up. No dividends either. Sod's law dictates that if one sells out in search of opportunities in the meantime, the share would begin to motor.

PDS2023

To answer your question from yesterday, it looks like the current rate is 0.11% Took a while to find. So I maintain my opinion that if this is the rate to borrow shares for short selling, it is little surprise that shorters are so persistent.

PDS2023 I'm looking. Not so easy to find on the app.

Wow, you seem really nice. Three times you've had a go. And for what reason?

PDS2023, I only joined today. I don't know who you were talking to yesterday.

The returns from these shares being lent out have been quite consistent over time. Very little rise or fall from one month to the next. Consistently low. It is always possible that those seeking to short have gone else where for the source of those shares. Just telling you what I've experienced. If I were a shorter, if I was confident that a company is doing badly, and the shares I was borrowing were cheap, I'd load up, as there's little impediment to doing so.

Again, are you referring to me??

Perhaps shorters are all over this not only because of the negative views concerning the share, but also because of how cheap the borrowing is to short. My broker has a programme called "stock yield enhancement" where they'll loan out my shares to shorters daily, and for which I receive a daily fee. Now, for most share, the income from this activity is quite good. For MTRO, I was receiving quite a sizeable income for a period. But for BOO, it is pitiful. This tells me the borrowing costs are extremely low for whatever reason, giving the shorters an extra incentive to keep the pressure on.

I know. I should have stuck to signing instead of share trading.

Honestly, I despair. I'm on an average holding of 77p, and refuse to put another penny in until there's some kind of encouragement from the board themselves about getting this business back on track. The general communications have been shocking... no attempt to defend the SP... no wonder it has sunk so low.