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Shorts down to 4.3%.
Most notably Gladstone closed with a huge loss but opened another short that is currently in profit.
My guess is that they will start to fall back now and the SP will steady and move with the market.
No real response to the excellent trading update but that seems to be the norm at the moment with most AIM listed companies.
As long term holders we have to pick the best investments and TRX certainly qualifies.
The problem is that AIM only seems to reflect true value for the larger companies that list here, usually when they are large enough to move to the main market.
My guess is that TRX will eventually be a takeover target and that will give us all a decent return.
There is absolutely no doubt that China and Germany are leading the way on hydrogen and other renewables now but it has to be noted that they are two of the biggest offenders regarding climate change - both burn huge amounts of coal.
Most other nations are falling woefully behind, including the US, with plenty of words but little appetite for change.
The UK has the advantage of wind power but the lack of drive to fully benefit from the resource.
So as investors to Ceres we still wait while Governments and big business get their act together and climate change wreaks havoc.
No doubt the shorts will try and pull down the SP on Monday and will probably have some success - especially if the market has a poor day.
But, I am optimistic that the half year results for the group on Tuesday will be better than expected and the Ocado Retail trading update will also be much better than March with a move back to profit expected by Christmas.
So by Friday close on the 21st July the SP could be hitting the 650p mark.
Mapper
https://shorteurope.com/details_company_all.php?&land=united_kingdom
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Its obvious that the shorts will trade their way out of tight spots to minimise losses and that a lot of the current volatility on OCDO is a result of these endeavours.
As Investors we are currently blind to the true share valuation here, but that will probably all change when we get the half year results next week.
It seems to me that the shorts have tried to extricate themselves from the mess they created, probably before the results, and have failed.
Next week could be interesting.
The constraining factor is that M&S mainly trades in the UK and its fortunes are tied to the UK economy.
I think this is probably the only factor holding MKS back from the FTSE100 and it could be that other companies that trade internationally recover quicker and leapfrog MKS into the FTSE100.
Being positive the rise on the NASDAQ has creditability now after the fall in US inflation.
We only need to see improvement in China to the green light for tech shares to start outperforming the market again as soon as interest rates start to fall.
Euroclear records stock out on loan for ITX in June at 0% - that includes all positions, not just those over 0.5%.
I wonder of some investors have sold, or are selling, because Itaconix no longer qualifies for the LSE Green Economy Mark.
It only takes a few trades to move the SP so this could be a factor???
Excellent sales figures and improved gross profit margins.
Very well done John and team!
Crocqman
I think the key factor is just to make a small initial investment in these AIM minnows, then it doesn't actually cost much to average down when the SP falls after a dilution.
Not that I got it right this time with the timing - I averaged down at 0.19p.
But with a bit of good news now it should bounce back - the optimists will smell a bargain.
Dumping Waitrose was the best thing Ocado Retail ever did.
M&S are so tied into Ocado Retail - the sales through Ocado and the increased volume have made a massive difference to profitability of their food business - that when the time is right they will I think snap up the other 50%.
Meanwhile Waitrose sink further into the mire - note on TV Ocado talk about cutting prices on thousands of products and Waitrose just hundreds.
There never has and never will be any consideration given to shareholders investing in these small AIM companies.
Investors have to realise that they are a very high risk investment and dilution will always be a factor.
This is something that must be considered before investing - its pointless bleating about it when things go wrong.
The companies only list here to raise equity when needed.
One very important thing to realise is that the update due next week is for the WHOLE GROUP not just a trading update for Ocado Retail - its the Half Year results.
My guess is that the finances are probably improving at Ocado Retail - especially with M&S taking a much bigger role managing the company, the marketing certainly seems much better.
The tech side of the group can only give better news as more CFC's come on line BUT any hint that more finance is needed would certainly be very bad news for the SP.