Member Info for HorisM

Impressive destruction of share price,:

Down 86% from peak in August 2021

Down 67% from 29th Sept 2023

JP Morgan closed short.

Ameriprise Financial bought 5% in August 2023 (so currently down 64% on their investment)

Odyssean taking bought 2% in 03 October 2023 (so down 27% on that investment), and they hold 5% total.

There was 2 big sells, 1.29m shares and 1.4m shares in the morning, then a big buy of 2.1m shares in the afternoon.

So interesting day of big rotations.

JP Morgan closed their short position on the 3rd Oct.

Looking forward to the RNS to see who sold 2.6m shares today.

Would expect Ameriprise Financial and Odyssean Investment Trust to buy everything up cheap now to average down.

The drop to now would have been gearing towards the that large sell.

Now that's clear, we should expect an RNS and the BoD to make a statement to as to the state of the company.

Its 85% down from peak (21st Aug 2021), and 69% down from the 22nd Sept 2023.

Ameriprise Financial is a very good indicator that something could be brewing in the background.

These guys have access to data beyond the market, and being US based could indicate that a US company is hawking for a takeover.

And with Odyssean taking a large stake that adds fuel to takeover expectations.

Maybe we could see Comet Technologies USA Inc. and YXLON International (collectively Comet) make an aggressive move to takeover XP Power, removes a rival and increases their market coverage.

With JP Morgan closing short position and Odyssean Investment Trust increasing their holding, we have been great indicators by the smart money that this should be bottom.

Also Ameriprise Financial took a 5% position on the 11th August, so would be expecting them to be looking to average down, even up to 7%.

Thirdly, the dividend payment is on the 11th Oct, so would also expect major holders to use the payment to buy more stock at this cheap level.

The current market is insane, any sneeze becomes a hurricane, as such the drop should be seen in context as way overdone, and that there are a lot of factors to indicate a price rally due.

Bit of a shake this morning.

However, JP Morgan have now closed their short position.

And Odyssean Investment Trust has increased their holding from 3% to 5%

So looks like the smart money expecting a turn around in share price now.

Odyssean Investment Trust, has increased their holding from 3.04% to 5.321%

I wonder if we will see Ameriprise Financial add another 5% to their current 5% holding to average down the price.

Also the dividend pay is due on the 12 Oct 2023, so wonder if a lot of the larger holders will reinvest now at a cheaper price.

Looks like all the sells are being eaten, and JP Morgan have a short position in 50% profit currently.

So expect them to close soon.

A the floor now with major sellers cleared.

Only 1% of the shares have been traded, and every sold has been bought.

total overreaction, expect this to bounce 20% from here.

Loading up in the background, should start to bounce back very soon

Bit of an over reaction from the markets. nay news coming out is causing big drops.

However you can see that funds are taking full advantage and buying all the cheap shares up.

Should climb back 15% fast

At the floor, big value play here.

company has got the bad news and costs out, so now they can move back to profit generation.

there was a 500k share sell and the price didnt move, so now big sellers cleared and floor formed.

Can see this move back to the 70's over the course of a couple of weeks.

Can see a big sell off potential, tech market is toppling at the moment with companies cutting back.

Metro Bank as seen multiple quarters now with profit being made.

So they have turned the ship round, just need to increase their margins.

Plus the calculation of capital requirements is still being worked on, and if approved will give them far more leverage.

Would be great to see Metro grow their user base and get more deposit funds.

A buy from here is a good bet, the MCAP valuation is crazy cheap, and this is being driven by the shorts not the general market. A couple of big buys, and this is will move fast back to the 80's looking at the were stock volumes are held.

The share price down has been due to the massive short position increase by Caius.

However, it appears they have over egged it, and now stuck, a few big buys and the price will jump upwards and they will have to close fast:

Caius Capital = 2.92%

Kite Lake Capital Management = 1.73%

Someone bought 2.5m shares on the 30th August at an average of 506, could be looking to buy another large chunk now to average down?

And there is still a short postilion of 400K shares to close!

Expect this back to the 500's fast once the big buys land.

Very little free float, and now at the end of the writer and actor strikes.

Zoo results out, and appears that any tree shaking is finished, sellers cleared out, and now at floor.

The movie and tv industry is about to start up fast with productions in the pipeline.

Studios are ready to make as much content as possible to catch up and bank lots for the future.

Plus all the tv/movie production teams are looking to rush all production through as they have been equally hurt by the shutdown:

https://www.belfasttelegraph.co.uk/entertainment/film-tv/ni-film-and-tv-industry-welcomes-hollywood-writers-strike-deal-after-two-big-projects-paused/a1937491802.html

Hollywood writers are officially ending their five-month strike, after union leaders approved an agreement made with the Alliance of Motion Picture and Television Producers and sent the full details of the new contract to union members for ratification.

The Writers Guild of America (WGA) said in a statement on Tuesday evening that writers would be free to work starting after midnight local time, while a ratification vote takes place on a new three-year contract with Hollywood studios that won concessions on writers’ payment, terms with streaming shows, and the use of artificial intelligence.

Source: https://www.theguardian.com/culture/2023/sep/26/hollywood-writers-strike-ends-studio-deal