Member Info for Dartron

For a stock to go up, buys must outweigh sells. Currently there isnt any serious demand from Institutions for this stock - mainly because their funds are not seeing money flow in. Only that type of large buying (or selling) can move prices. In fact, there are still net outflows from funds, constant drip selling. Therefore if your a hedge fund, you are trading on fundamentals, but also somewhat as a momentum trade. You sell ahead of the real sellers. With such a lack of buying, on a day like today you can drop 25% off the price with fairly modest capital, just over whelming any buy demand. Especially with multiple shorts doing this. The added bonus here is the move from AIM making it easy to buy back for shorts IMO.

I added to my SIPP, but as a shorter term trade, I dont see why buyers would step in - hope im wrong. Look at Spire for example, we both own. Good momentum there I bet a lot of over seas money is going in to there currently, seems a no brainer. But why would over seas buyers want this company, currently (macro unfavourable).

Im also stuck in GB group, that is leaving AIM, though I read on the other board that they have joint brokers there to find institutions to take large holdings, Artemis just took 3%. So hopefully the exit can be managed sensibly in both cases. I think I get an update there very soon, so might be taking another hiding over the next couple of days!

Investing is long term. All companies mentioned in this post will do well over time.

Https://news.sky.com/story/london-listed-ncc-weighs-sale-of-cybersecurity-arm-13397371

Sky News has learnt that NCC has engaged bankers at Rothschild to examine options for its cybersecurity arm

Notice some sizable buys today, might move up again soon.

Wow I missed that offer (or no offer) RNS yesterday. Price didnt give anything away did it.

Glad to see Griffiths increase here, its why I bought in.

I think its ridiculous that you feel you can speak for Tyrus.

The warrants expire June 2026 - You should know this having claimed to have sunk a fortune in here.

In my opinion investors will never see a dividend here, and probably not even a buy back. Tyrus is a special sit fund, and - not wishing to speak for them - but my own opinion is that they will broker a trade sale for this within 12 months.

My post below summarises my feeling as to why Rachel Reeves should NOT be encouraging investment in UK stocks.

Its like saying you now have to swim at the beach with the sharks, and not at the swimming pool.

Koolhead, On every stock that warns it gets pushed down 15 or 20%, it becomes completely detached from fundamentals. I think this is more of a trading trick by short sellers than reaching a new valuation based on fundamentals (as Simon Thompson's article suggests the valuation here is way higher). Its a bit frustrating, and also puts me off adding to quality companies (that have not dropped). Look at Bytes last week. Seems risky paying high multiples, in other words the hedge funds are dragging the entire market multiples way down on these stocks - because they can and its currently profitable. The reason is that there are still net outflows so selling short (and moving the market) is more or less guaranteed to get covered when fund XYZ has redemptions.

Your upside, is a take out in the short term, or a once in a decade opportunity to acquire positions at rock bottom prices. When thigs flip, and the hedge funds can only profit from the long side, we will see similar moves upwards IMO. These could be life changing if you hang on to your shares.

Finally I want to say, buying yesterday at £4.60 was still a good price in the scheme of things. You will be glad you did when this is £8 or £9 wont you.

When you go long you are taking the other side of the trade from the short sellers. No one has inside info, though I do think there were plenty of signs from other companies that have reported recently such as FX headwinds (everybody) deferral from Donal Trump tariffs (everybody). I guess it was obvious the update would not be stellar, but its hard to get used to the reaction (which is detached from reality).

Disappointing that the MARKET MAKERS have taken this all the way back. I am really trying to hold this one to a multi bagger. I really dont want to be selling out and buying it back again, bound to miss a big move.

Honestly, if AI is going to take your job, I really hope MARKET MAKERS go first.

Https://www.investorschronicle.co.uk/content/2596c87d-f400-4dcf-9230-6bca1517ee74

Hold your nerve with this subsea rentals group

first half and full-year revenue is likely to be 9 per cent below consensus of £220mn.

PE of 8 now.

One more gripe - the trading update was unexpected. Didnt happen last year. I almost sold my ISA holding yesterday for a very small profit as well.

CAPD is worth a look reported well today, similar type of business.

Take a moment to re read the update, its not that bad. I think the greater issue is that moving the MM provides a great trading opportunity for short sellers, who collectively are going to be most of the liquidity. Easy for them to drop this down to 350p. If you liked it at 450p, then 350p for a modest reduction in Ebitda sounds way over done.

The only part I feel like an idiot over is not selling some in my ISA during the auction this morning. I could have had them back cheaper.

I added to my SIPP (got 340p) - I only had a very small position there, managed to buy 1.5x what I had, av 380p.

But ISA, yeah, a lot of my profits gone for 2025. This is why I think Rachel Reeves should not be encouraging laymen to buy stocks and shares. I know I can recover from it, but most people would freak out. Im not adding any more to the ISA, there are better opportunities around, due to the move to MM.

Made a fraction of my ISA loss back on a quick spreadbet this morning, but its too hard to call what shorts are going to do. I cant see why they would cover with forced sellers around.

Legache, I agree about a take out. when do you think this might be, or what else needs to occur before it gets taken out.

My own feeling is that they should take it out soon, whilst the price is low. Now that Akatara is done.

They are on 27.4% already. I bet they could grab another 2% without moving the share price above 25p.

I expect I would end up exiting at a loss, but to be honest it would still feel like win if we got 35p. compared to 19.5p today. This has been a disaster.

Trading statement 5th Aug

https://corporate.yougov.com/investors/financial-calendar/

Moaning online = pointing out the risks

Yes selling over NAV is good for existing holders, but remember to factor that in as how they make their money. When that option ceases to exist, what then?

Its baffling that people will pay over NAV for this isnt it?

I think this is them : https://www.hauser-friends.de/ueber_uns/#wer_wir_sind

Worth a look at the web site, The brothers are investing in the style of Buffet and Graham. Seem to have an international pf. Interesting.

RunTP - Did you watch the resent Vox with the Downing guy? I thought what he said about them leaving AIM was a valid point. Means an over head of sellers. I managed to exit my SB trades, but didn't quite get out of my actual shares position. I see this going lower due to forced AIM sellers. To that extent, I am disappointed that the company decided to leave AIM, especially with such a large short position, its almost like they have given them an exit. The reduction in MCAP then means its unlikely they make the F250, so whole thing will back fire.

I did think it had got ahead of itself, I posted a few times about other companies complaining about the slow down in the US. Look at Corero networks today, business fell off a cliff last half. I was tempted to slice a few in the pension but did not as I dont hold enough, and I prefer to trade in my SB account, where I had sold out at 350p. Even though I missed the subsequent rise, im even more please with my SB trade now. I would not be looking to go long here until after results, why do you think shorts are selling so aggressively - its because they forecast poor results and will cover on the drop. Doesnt matter about any technical analyses from that point of view. Buying now would be a gamble on results.

How did you work that out bromtree? I had been invested here well over a year, and posted many times.

Unlike others who question that the earnings do not cover the dividend, my concern is that shares are constantly being issued over NAV, thus adding to the burden of the trusts 10% dividend yield. I think its a valid concern that the trusts pays out more than is covered by earnings, whilst at the same time it is increasing the pay out obligations by issuing more shares. In which case, it looks very much like the new shares are being used to supplement the payments to existing shareholders - not unlike a ponzi scheme?

It is the issuing of new shares that I am uncomfortable with, if they were not doing this, but paying existing holders from Earnings (Dividends and trading profits) and supplementing the short fall by a small amount of NAV (on the basis that the remaining NAV will grow to replace it) , I would be far happier.

However here, every new share sold at 130p must pay back 13p over the next 12 months, when the earnings does not support it. So in effect, new shares are detrimental to existing holders. The share price getting away from the NAV is only exacerbating the problem. If it is such a great idea, why do they need an EGM to issue a further 10% of issued shares? EGM's by their nature are extraordinary. My bet is they reduce the dividend at some point after selling those 10% new issued shares - its unsustainable.

Look for yourself, at the TSR and NAV return compared to the bench mark, long term its not making investors money.

https://www.theaic.co.uk/companydata/henderson-far-east-income/performance

YouGov BlackRock Investment Management (UK) Limited 0.53% 0.04%

YouGov Citadel Advisors LLC 0.95% 0.07%

The Company announces that it agreed on 14 July 2025 to allot 325,000 ordinary shares at a price of 233.5p per share,

11 July 2025, the unaudited net asset value ...was 224.2p.

Notice of Extraordinary General Meeting (the "Notice") to be held at 10:30am on 5 August 2025 at the offices of Janus Henderson Investors, 201 Bishopsgate, London EC2M 3AE to consider the proposal to authorise the directors to allot ordinary shares on a non-pre-emptive basis up to 10 per cent of the issued share capital

Is this just a Ponzi scheme ?