The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Yep, and the shorters strategy of shorting hoping to close lower because they believed the dividend cut would reduce the share price hasn't seemed to have worked. 1.8 million shares need to be bought back. Company looks on a far more solid footing going forward. Debt reducing faster than expected and chances to pick up fire sale assets, the dividend cut may reduce your short term earnings, but shareholders will be rewarded with a far more secure company going forward which is exactly what the American investors prefer rather than short term cash dividends. £9 finish in the US. 65% cut in the dividend has reduced the share price by 2%. That is not what the shorters envisioned. Roll on the future as its clearly brighter for investors.
Https://www.shorttracker.co.uk/company/GB00BQHP5P93/
Walleye reducing having just increased a few days ago. Nothing but manipulative loosers! Walleye shorting CAB at 55p (now £1)! Lets hope volume continues to be tight to force them out higher. Roll on Final Results early next week.
Issue for shorters is the best trade is to buy on the LSE and sell on the NYSE due to the near 5% premium over there. That buying pressure on the LSE is building all whilst the majority of the shorters are now in loosing positions whilst paying a 25% yield. Yikes for them.
That's over £11. Don't expect fireworks tomorrow though. There will be a drip feed seller as per usual. But the Americans are short on shares so are going to have to buy some on the LSE. Tight hands time. Your not getting mine.
$12 in America = £9.5.
Still circa 1 million disclosed shorts need to pay a 30% dividend, plus a loan charge of circa 10%. Circa 800k of these shorts were opened up around the £10 mark so just hovering around break even. Let the squeeze begin.
They are expecting how much from syndication? £350m plus? For a half stake?
LTV stayed relatively static even as msci index has dropped over 7% shows management are very active in this tough market. Rates are peaking so preserving value during these falls is prudent and welcome. The divi cut was expected by all and ultimately will help the fund recover once things stabilise.
Viceroy nothing more than chancers. Clearly rebuked every aspect. Still guessing the market will fanny around for months as the bots will force any jittery hands (those on leverage, or short term capital) to vacate at the worst possible prices for the institutions to hoofer up. I do agree that shorting should be banned to be honest especially in areas of national importance such as housing the most vulnerable in society. Imagine these people were on the streets and all the social strife that would entail for all those around them. Now HOME can't raise more equity to help the government deal with the problem. It should be the shareholders of the company who dictate the value, not some people who's sole aim is to reduce the value of something they don't own to profit whilst they hide away in the tax dodging cayman Islands. Capitalism at its worst.
Imagine selling £100 notes for £50.
Burn you ****s
GLG Partners LP 1.00% + 0.01% 6 May 2022
Marshall Wace LLP 0.51% + 0.03% 23 May 2022
Systematica Investments Limited 0.80% + 0.10% 17 May 2022
Only thing new today as far as i know is this:
"Given the continually evolving external considerations, the Board anticipates FY 2022 adjusted EBITDA to be broadly in line with FY 2021"
So margin of 7.4%,
Previously guided at 7.4 - 7.7%.
No doubt lots of that small miss is already priced in. Seems solid, id certainly be holding and not reading the newspapers as they clearly have vested interests, i.e. hedge funds passing some envelopes to write bad news stories whilst making cheap bids in the background to pick it up cheap. Usual scum