Member Info for Hamz74

Plus 500 quoting a 10% bid offer spread on First Group! 56 to sell 63 to buy. This seems outrageous. Has anyone got any idea whats going on?

FGP is trading in line with SGC and NEX. All getting trashed today on concerns about lower UK transport capacity. Difference is - FGP has three US businesses it is going to sell.

Would any stops of limits be filled while it is in auction?

How long can it stay in auction for? Who can and cannot trade while it is in auction?

The quote has been "greyed out" in faint text on one platform (Plus 500) since opening. Whats going on here? I can see live prices moving around on google finance.

On google finance it says high of the day 34p near the open, but if you scroll along the chart it looks like a peak of 32.5p. Any idea why?

Such as which - examples?

Which other holdings has he been top slicing?

CFM run an "equity market neutral" strategy, meaning their short book is the same size overall as their long book. They run about 10 billion in total, so their GBP 1 million position is tiny: its one basis point, or one hundredth of one percent of their assets. My guess is this tiny short in GFRD will be paired against a long in one or more other companies in the same sector. CFM are not a dedicated short selling house, like Muddy Waters, looking for frauds that go bust, like NMC Healthcare, Wirecard or Luckin Coffee - I have not seen them disclose shorts in any of those three.

Good catch. Bellevue are being quite open. Most of the other large shareholders I asked about this, either did not reply, or said their company policy is not to comment on individual names.

Mark Warne was previously head of healthcare at IP Group, which now has a market cap of over 500 million, and had a market cap of over 1 billion when he was there.He also has quite a few directorships of bioscience type companies. https://www.linkedin.com/in/mark-warne-6854b31/?originalSubdomain=uk

What day are results due?

The short idea seems unlikely. Shorts of at least 0.5% need to be disclosed, whether in cash shares or CFDs. I don't think spread bets are a loophole. I see nothing here https://www.shortdata.co.uk/company.php?isin=GB00B29YYY86

Company confirmed the below to me: We announced on 11 March that we had commenced a formal process to sell First Student and First Transit and the process to sell Greyhound is ongoing. We believe that a sale of our North American businesses is the best way to unlock material value for all FirstGroup shareholders, and we remain committed to executing this strategy at the earliest appropriate opportunity.



11 March announcement is here: https://otp.tools.investis.com/clients/uk/first_group/rns/regulatory-story.aspx?cid=858&newsid=1377972



Thanks

Stuart

Trade flags were LRGS - Large in Scale Deferral, and the trades were "off book"

408,000 shares traded according to this London Stock Exchange data, of which about 40,000 were in the last 10 minutes. Relative to market cap, its less than half a percent of the company changing hands today
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00BKY40Q38GBGBXSSMM.html

https://www.investegate.co.uk/nmc-health-plc--nmc-/rns/holding-s--in-company/202004221015014924K/ Wonder why this and the Clermont one do not disclose the price of the transaction?

https://www.investegate.co.uk/nmc-health-plc--nmc-/rns/holding-s--in-company/202004210700043148K/ The New Zealand billionaire Richard Chandler. I wonder if they sold some ADRs, or did some kind of off market trade.

Website contains this rather vague letter to shareholders which gives no firm date on relisting:
http://www.siriuspetroleum.com/media-news/letter-to-shareholders-covid-19-update. It claims "We have continued to progress with selected commercial agreements, despite the prevailing market conditions. We will update shareholders further as soon as we are able to do so".

Possible problem with re-listing and debt for equity swap idea is: Shetty still owns 5%, so why would they want to give any to him? Or could they find a way to confiscate shareholdings from him (and any others found to have been "bad actors") while still giving some value to the other shareholders?