The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
No, the market makers are certainly not holding it back! They are market makers not manipulators
It happens all the time, for a bounce to take place, you need buyers. When a company loses such an important product it loses a lot of future revenue and puts the companies future in doubt. You may get a few people taking a punt short term or day trading, but ultimately, you need long term buyers for a bounceback. At this point, who is going to be buying CIR?
What you have probably seen is along the lines "the company is not aware of any reason for the share price movement" which is when rumours have had an impact or if there is a random sudden movement I have never in my life seen a company say "the share price movement today was a market overreaction" - please provide me an example
Stop ramping! This share might bounce, it probably won't bounce that high though. They have lost their wander product and are burning cash - that is why the share price has collapsed. If this was going to rebound, it would have already started.
Why would any company do that?! It would be such an unusual thing to occur that it would spook the market even further.
According to IMTK investor relations, QPE have dropped to under 5%
Discodave, I think Mike was about to answer a very dangerous question about Sir Philip Green and BHS (If Philip did anything wrong) at the end before the PR rep intervened! Worth having him there just to prevent that fall out
Cambridgeblue, It was certainly surprising to hear, but the city in general views Mike as a wildcard and this plays a big part in institutions unwillingness to invest in SPD. If they think he might hand over the reigns or take on new advisors there may be more willingness to invest. Ultimately it was an interesting interview and is a good attempt to put the water under the bridge in order to prevent further controversy in the press. He was extremely unwilling to meet with Unite (don't blame him) and defended his use of the recruitment agents a bit too much but other than that he was quite good at avoiding further controversy although he did not exactly give straight answers. He didn't let Paul Blomfield trip him up either and Paul absolutely crucified the recruitment agencies
As long as there is no administration of the company, if the company lists again, your shares will be valid at w/e the market decides. It is possible for them to put the company in administration, nullify the old shares and relist again later through. See GAME
They don't own any, but if the administrators need to flog assets on the cheap, SPD may benefit from this
How big a competitor were BHS? Could be a bit of a boon for NEXT if they cease trading or if Next are able to pick up a stores
It is mentioned in pretty much every news report. City AM reckons they will wait for BHS to go into admin to allow them to pick and choose what they want... and avoid the pension!
Has really screwed SPD, on top of the parliamentary issue he has effectively issued a profit warning in an interview to the times and states the business is "in trouble" It is starting to look like he wants the share price to tank so he can take it private as cheaply as possible.
What do you get from trolling these boards?
Not really important. HOME is now under take over conditions so Sainsbury's must reveal any holdings via an RNS. I held SBD when they were taken over and there were tonnes of 8.3 forms a week
Where do you get 11%? Other than that, you answered your own question
I thought 13% was good, that RNS caused the shares to shoot up!
Doesn't fit in with a short squeeze, but could very well be shorts closing in a hurry if they expect good results on the 14th. At last update, 8.53% of shares are shorted, will be interesting to monitor the short positions until the 14th, if good news is imminent or take over bid arises, we could see a very steep rise when shorts close
Any new or rumours going about? Bit of a surprise to see a 13% rise but I haven't found any reason.
Might be worth holding for now imo. share price doesn't seem to be moving, and if RT announces his plans it could shoot up. Of course it could also drop if there is bad news