So I received a msg from my broker Halifax that I needed to confirm the warrants by mid November if they were to execute on my behalf. I chose to and they have today been converted in my account.
Always found Halifax to be a very good broker in my 15 years with them
Some significant volume going through today and a sharp upturn in the SP. Really positive to see this momentum returning after the lull. You'd expect all those outstanding warrants to be getting executed now we're reaching these levels
That's the site I use..............you'll note it doesn't track shorts that have gone under 0.5% as I said. And AHL and Marshall Wace Asia both went to below 0.5% so aren't included in that 1.85%. They may still hold at 0.49% though, so the shorts could be as high as 2.83%
As predicted, shorts are closing their positions further:
Marshall Wace reduced their short by a further 0.11% yesterday
Marshall Wace Asia reduced their short by 0.10% yesterday
AHL Partners and Marshall Wace Asia's shorts are now below 0.50%. How much is unsure because the short tracker website doesn't track when below 0.5%.
So shorts are now somewhere between 1.85% and 2.83%
Still too many question marks outstanding for me to consider investing, even after the placing. Until they can demonstrate they have a handle on the issues at hand and won't require further capital raises, I will hold off. I have seen too many of these companies burning through cash without a handle on operational management or cashflow
These data packages are due to be released shortly.
New Edison note below.
https://www.edisongroup.com/research/more-to-come-in-rnai-therapy-discovery/32906/
The next 12 months will likely be key for proving whether they will be successful or not..........otherwise they may need to raise further funds
Sorry I don't believe in witchcraft.
And Wizz have undeniably made mistakes (hedging being one) but they are far from the only airline to have done that. Norwegian to name another fell foul of that.
The industry is notoriously volatile, and the present geopolitical challenges exacerbate that. You only need to see the number of airlines that go bust or need bail outs to understand that. There's a long list, even in this country - Flybe, Monarch, Thomas Cook
Ryanair benefit from first mover advantage and have established themselves in key markets. Wizz are a challenger and are rapidly growing but don't have the same benefit. A large portion of their business also have a different demographic - eastern europe is less affluent than western europe. However, none of that puts me off
David - the difference is explained in results. Do care to read the RNS.
In response to a previous poster's question on net debt - this is broadly unchanged at £3.9bn, but there is a £500m bond which matures in Jan 24, which they will be paying from the £1.8bn they have in cash.
Results were fine, next 6 months critical to navigate, particularly from a geo-political perspective. If things settle down, then we should see a significant re-rate
No chance of an equity raise at 15p, that's over 10% premium to current SP and the markets are dire, particularly for those seeking capital raises with current interest rates. 10p more realistic and that's if the SP doesn't fall further