Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
3 notable trades reported after hours, totalling just over a million quid:
1657: vol 40867 £150,390 @ 368p
1800: vol 190046 £699,439 @ 368p
1805: vol 43140 £158,643 @ 367.7p
It's going radio rental
And Gladstone reduce again, down 0.07% to 1.46%.
DT
V4, My rudimentary maths goes as follows:
335,000,000 shares in issue x 1.53% short = 5,125,500 shares short x £3.60 share price = nearly £18.5m.
And that's just Gladstone.
Gladstone have reduced their short a further 0.14%, down to 1.53%.
Another late reported chunky trade - 191,500 shares at £3.28, costing £630k. The next biggest trade was a piffling 46k shares costing £150k just before 3pm.
A look at algo trades reveals 2246 from total of 2725. Nearly 83% of all trades driven by the bots.
Just noticed the late reported (1752) trade for almost £1m on Friday. Nearly 300k shares, presumably Gladstone reducing further and to be disclosed on Monday.
Onwards and upwards tomorrow morning.
Gladstone reduced their short again yesterday by 0.06%, now down to 1.67%.
Obviously they don't think its the best short in the City.
Courtesy of alex4141 on the "other forum":
https://www.fitchratings.com/research/corporate-finance/micro-focus-provides-encouraging-results-in-fy20-trading-update-19-11-2020
Wahey, shorts reducing big time. Fab news. Gladstone still have another 5.8m shares to buy to close out completely. Capeview new sub 0.5%, so don't have to report again. Happy days.
Great to see Gladstone finally reducing their short position yesterday. They'd been > 0.5% short since February, but really cranked it up to over 2% with the July update and up to yesterday they were 2.43% short. More than 8 million shares.
The fall from £4.60 to £3.20 in 5 days at the start of July was sickening to watch, let's hope for a reversal of that when we're updated.
DT
Couple of late 15m trades for today just reported too. £20k each.
Couple of delayed 50 million trades just reported from yesterdays bloodbath. £68.5K each.
DT
Thanks Slift, I appreciate the comprehensive reply, and I'm sure others do too.
Good luck in TLW and here in HUR too, should you get back in.
Cheers, DT
Question for Slift: You posted on September 11th that you thought that £200m would be the upper limit of Hurricane's future MC. Thats 10p / share. After a month of water under the bridge, is this still the case?
Thanks, DT
They had 98m shares, 4.92% of company.
RBC cuts Clinigen price target to 1300 (1500) pence - 'OUTPERFORM'
That wasn’t a sell, it was the uncrossing trade (UT).
Chunky UT at the end, 2.325m shares at £4.75.
According to Short Tracker, Millenium International Management LP reduced from 1.99% short to 0.01% on Friday 29th May. Explains that’s large late trade.
Onwards and upwards!