Member Info for Corryvreckan1

Ignore the first TR-1, it's a disaster.

The second one is correct and is a replacement issued as a "Correction of previous notification". The total shares of 30,505,755 / 1.93% is correct based on the $2.5m subscription detailed in the 16 Nov funding RNS.

It looks like the first one may have tried to include the warrants by mistake, or some other similar miscalc, although I can't quite get the numbers to match so I'm guessing a bit.

Anyway, no drama.

Tharisa website calendar had Thurs 30th Nov as the release date a couple of weeks ago which is likely where Alliance News got their date from. Website was then changed to 4th Dec and now changed to TBC sometime this week. Alliance News haven't updated their list and they often do quote wrong dates. Always best to get this info from the company calendar or an RNS rather than a third party news service.

https://www.tharisa.com/investor-calendar.php

I3E's equivalent wasn't passed at the June AGM (resolution 11) rather than being withdrawn, but had been passed in previous years as per most other companies. It was a special resolution requiring 75% approval and only achieved 67.54% this year.

But as they said at the time "As a result of the resolution not passing the Company will seek shareholder approval to disapply pre-emptive rights if and as required." so basically they'll try again with a GM next time it's wanted, and EOG have said similar today. Expect both companies to reintroduce it at as a standard resolution at next years AGMs as well.

They've acquired 1.488m shares in 5 weeks, total monthly volume Oct/Nov averages c.6m (quick estimate per stock exchange). So picking up some of the daily churn, and some may have been acquired by off-book private transactions rather than on market, so maybe not enough overall to move the dial much?

We discussed the previous TR-1 back on 17-19 Oct and a reminder that they only notified crossing the 3% reporting threshold on 13 Oct, so could have been just below that and/or accumulating their first 4.5m shares for/over any amount of time prior, not necessarily just in October.

Obvs. if they continue with this trajectory then market sentiment may start to push the SP higher out of curiosity.

It's in the 2 Nov RNS 'Notice of General Meeting', more details on the company website.

And today’s CPI data, brought to you by Centri…the US Bureau of Labor Statistics, will be printed at 1.30pm (GMT). Immediately followed by a short period of algo driven market volatility, likely then followed by a longer period of ‘meh’.

https://www.bls.gov/cpi/

Just to give a different approach to the point that mcsquares is making, and with no agenda other than to share information. When they said "short trackers only report holdings over 0.5%" - that's 0.5% per entity that is short, not 0.5% in total. So there could be any number of shorters at just below 0.5% and none of them would be widely reported.

I've not looked at Ortex before so can't comment on what they are reporting, but if you go to any company page on shorttracker.co.uk near the top of the page in a green box it states - "Notice: We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero." #

So for Ceres we have MW at 0.67% but you can also expect that Qube are likely still sitting at their 0.48% from 10 Oct, Canada Pension possibly even still on around 0.45% since April 2022 and any number of others that have never been above 0.5% in the first place.

It's not that it's just shorters maybe causing the recent SP slide, of course there are other factors in play as there always is. But these things are not mutually exclusive, they can both apply. If there is a risk over the JV, or the sector is out of favour, or a read across from other companies, etc. then that's exactly what might entice someone to a short position to begin with, even just as a hedge.

# I suspect that LSE get their data feed from shortracker.co.uk and it's disappointing that they don't include the same qualification in their Short Positions link at the top of these pages.

Posted with best intentions, and as always DYOR (and then correct me if I'm wrong).

Nope.

And I would still like a link to the Capita numbers that you say are to be released next Monday.

The thing is, that's not the actual mistake they made, but I was hoping it might prompt them into having the courage to admit the initial error that they used to support their disinformation. They mentioning Capita was just a dreadfully poor and utterly transparent attempt at deflection from the original mistake that was made.

You see, sw already knows about the ONS...

Smallwheel - can you provide a link to whatever numbers you are referring to? Also, Capita don't issue the UK CPI data, the ONS does.

And please don't tell me you confused Capita's stock market ticker - CPI - with the CPI inflation data that is to be issued this week. You did, didn't you?

Smallwheel - which CPI numbers are you talking about for a week today?

The US CPI is published tomorrow and the UK is on Wednesday this week. Both are widely forecast to be lower than last month, continuing recent trend. Although you could argue that neither is of any significant concern to the WOSG target consumer and luxury watches are definitely not included in the CPI basket of prices.

US Retail sales also out on Wednesday this week will perhaps be more relevant.

Fusion98 - was your OP on 10 Nov a direct copy from communication received from HL? You didn't state a source for it.

RE today - "the payments were NOT return of capital which was classed as income (income tax) but dividend which comes under Capital Gains Tax."

I'm going to assume that was just an extended typo because you have that completely the wrong way round - dividends are treated as income (as stated in your OP) and a return of capital may affect your CGT calculation.

And what DrPatience actually stated, and others have noted before, is that it is your choice what you put on your tax return, not your broker's choice. It doesn't matter what they tell you they are doing, if you disagree then you can present it to HMRC differently. What HMRC then choose to do is a separate matter that you can argue with them if you have to, but your tax affairs are not your broker's responsibility. Brokers are not infallible and HL's interpretation may not, in the end, be correct (and I have previous experience of this with HL and several other brokers with regard to an 'expected return of capital' that didn't even exist to begin with).

Try a google search on 'Woodford (fund name) share chat' and see if anything comes up. I'm not familiar with the detail at fund level but that may give you a starting point. There were a couple of possibilities when I did a quick check but neither has been active recently:

https://www.lse.co.uk/ShareChat.html?ShareTicker=WPCT&share=Wpct

https://www.lse.co.uk/ShareChat.html?ShareTicker=SUPP&share=SUPP.L

Stas20 - agree they're not an arbiter or approver, but they do still have to 'accept' the document as valid for registration with them and to be made publicly visible, which was the context I was intending. The wording used by i3E in their RNS was "registration by the Registrar of Companies" but I as too lazy to look for that earlier ;)

Companies House don't just immediately publish everything they receive. Usual to see a note first stating that it is being processed and will be available in X days, with X quite often being 10 but then also quite often being available the next day regardless.

All this assumes the court have actually approved it today...

The written court approval has to be filed and accepted at Companies House to complete the legal process, the company can then make the necessary Balance Sheet entries. Normally complete within 24-48 hours after the court hearing so may be tomorrow or Thursday for an RNS.

Share buy back hasn't finished yet, possibly just too much volatility on Thursday that took the market outside the permitted range that sometimes applies. Or the broker may just be late reporting the details.

The Bank of England rate announcement is also due at noon on Thursday, looks like another hold likely there too :/

FED interest rate announcement is due on Wednesday. Most commentators appear to be predicting another hold.

US is a week behind UK in putting clocks back (Sun 5th Nov for them) so I think it will be announced at 6pm UK time as it is usually 7pm.

Also means that their stock markets open at 1.30pm UK time instead of usual 2.30pm for this week only, if I have me sums right?

They didn't, it's a mispost by LSE. That line should have been posted on the page for Young & Co's Brewery on that day.

The other JPM ratings on the list look okay although they are missing the one from 8 Dec 22 (and possibly others).

The 'Broker Ratings' section on these pages is very often missing announcements or not updated for periods of time, the Alliance News items in the 'Share News' link above will normally give you a better record but their items aren't always correct either. That's the problem with using third party sources for information (e.g. LSE), rather than a primary source.

Thanks rupans, agreed.

Back on 17 August I posted the following almost prescient thoughts:

"If the results this week [Admiral, Aviva] - and Sabre got a read across uplift as well - are evidence of a turnaround from the poor results and reports over the previous few months, that might suggest we are coming off the bottom for the sector? Would Saga still want to sell AICL if they find a buyer at this time and risk a price reflecting that low level, or has it become a distraction from other priorities and better rid of anyway and to raise funds (subject, of course, to a satisfactory offer regardless, and shareholder approval of that)? I wonder if they might now hold off for a while?"

Saga comments in the Interims on 27 Sept proved that up, obviously with the help of the RDH loan for the bond repayment, and the Sabre update today perhaps shows that may prove to be the right decision in due course. Onward...

[And for any chartists out there that Sabre chart is maybe starting to look a bit tasty?]