Member Info for HereKittyKitty

Somebody else Cleaning the closet to

02-May-24 10:42:51 601.10 250,000 Sell* 601.00 601.60 2m O

02-May-24 10:40:21 600.902 250,000 Sell* 601.20 601.60 2m O

Well its either more short closing or somebody buying up

02-May-24 08:19:10 601.00 175,000 Buy* 600.20 601.00 1m

I'd imagine these are tears today to

02-May-24 08:16:45 601.30 75,000 Buy* 601.00 601.20 450.98k O

02-May-24 08:16:39 601.30 75,000 Buy* 601.00 601.40 450.98k O

By my calc they bought most of that tranche 18 Apr circ 458 (-143) on 0.12% shares (8540,431) that's a £1.2M loss - ouch

Must be painful buying them at a significant loss

It’s all peanuts now either way 610 - 620 - 625 🤷‍♂️

1.27/1.25/1.24

Dead money that could make more in a savings account even 😇 605 to 620 2.48% gain

You’d have 6-8 months to make more than that

Not a good reason to hold based on GBP/USD

Dollar is getting weaker against GBP

https://www.fxstreet.com/amp/news/gbp-usd-gains-traction-above-12500-fed-keeps-rates-steady-202405012312

All forecasts say 1.27 going 1.30 by end of year into 1.4 2025

Looking at data & results they look very undervalued!

Shorts decreased significantly

20 Analyst Buy rating consensus averaging 315 (+27%)

Only Peel Hunt rating them down (reduce) & concerns on US market regs for product but they have a diverse global established and diversifying multi product portfolio growing steadily

Remember there is no legal binding agreement here yet; just a RECOMMENDED acceptance by board SUBJECT to shareholder vote so they can do what they want ...

$7.50 vs $7.75 sound logic

Makes total sense - why pay 620 when you can hoover them up at 600 now

* Shorting

It’s exactly what makes the London Stock Exchange a joke & why others stay well away from investing here - City Boys have lost it & the UK culture of shoring our great companies has slowly eroded the LSE into a failing exchange for any form of decent forward growth.

Most forecasts suggest 1.27 to 1.28 delta from 1.25 when deal was announced ($7.75 / £6.20) which could push GBP realised on buyout (should it be approved) at £6.05 which is why it will hover around 595-605

Most forecasts don’t suggest that

https://www.exchangerates.org.uk/currency-forecasts/pound-to-dollar-forecast

BUT there are many variables & unknowns at play for the next 6-8 months; inflation, interest rates, conflicts, oil/energy prices, employment etc on both sides of the pond - they are ploughing so much into Ukraine & Israel (as are we) so it could go either way but sentiment is generally GBP will move stronger against USD

Yeah I don't think everyone has noticed the RNS said "recommended"

Doesn't mean a done deal by any means

Just close those shorts before the take-over offer lands

UBS raises Darktrace price target to 620 (470) pence - 'neutral'

Oh well done 👏

Why have they not closed it out yet?

"Name of exempt principal trader: Jefferies International Limited"

"Short positions 9,289,013"

Unless they were acting as broker for other shorters?