Member Info for Duncan_Thickett

Good to see a better day here today.

A couple of juicy 435473 share trades reported at 16:22:52 and 16:23:06.

Both trades at 431.7p, not far off the lowest price for the last fortnight, valued at £1.88m each.

Further shorts closing? We shall see.

I’ve just topped up. If they do a deal this goes straight back through a fiver. If they don’t, we lose 10-15% for a couple of weeks before our inevitable rise starts again.

The question is do you take this buying opportunity, or do you gamble on no deal to get in a bit cheaper?

Gladstone down again by 0.06%, to 1.09%.

Further reduction from Gladstone: down 0.21% to 1.15%

Surely Sylebra Capital will close their 0.7% short soon. They increased to 0.61% on 12th March, then 0.7% on 18th March. The closing price on those dates was 464p and 314p respectively, so they are underwater with a good chunk of their borrowed stock.

Dolphinly a blue day

Bring it on!

Here's the top 5 trades by volume of the past two weeks:

date price volume trade Value type
20-Nov 326.625 297704 £972375.69 Off-Book
23-Nov 328.757 191562 £629773.48 Off-Book
27-Nov 368.037 190046 £699439.59 Off-Book
02-Dec 356.549 182891 £652096.03 Off-Book
30-Nov 357.972 177963 £637057.71 Off-Book

I'm enjoying the positive and grown up conversation on this forum recently, thanks guys.

DT

https://www.ii.co.uk/analysis-commentary/chart-week-are-micro-focus-shares-back-dead-ii514331

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