Member Info for IDoMyBest

Https://en.m.wikipedia.org/wiki/Qingming_Festival

For info……

FYI

The last time the far east markets traded was before the us and Uk markets dived Thursday and Friday.

Far east markets were closed on Friday. Some kind of local holiday/festival.

So the fall is clearly a catch up.

DYOR, but I’m pretty certain of the details.

Also, bought quite a few.

Sadly was also holding quite a few (painful), but thankfully sold circa 40% of them a few weeks back and was still sitting on the cash.

Well after raiding the cash acct, I bought a few yesterday before close and more a few minutes ago.

Some left over, but hoping I don't have to use it. ;-)

Still, the yield is improving every day.

Circa 5% down yesterday, and 5% up today?

Why?

Basic economics.

There are a limited number of shares in issue, adding a buyer, any buyer will affect the ultimate price of the shares (your basic supply/demand). How much is debatable, but it will have an effect.

So, when that buyer stops that will also have an effect.

Face it, a share price is solely based on demand and supply. Yes all the underlying stuff matters, but if people are not buying it the price falls to seek buyers, alternative it rises to seek sellers.

Price seeking..... you cannot add a buyer or seller without affecting the price seeking process.

"doesn't work like that"

Clearly they are buying shares in the open market hence 'more buyers', they are obviously having an effect on the share price, even if that is just keeping it where it is.

When they stop buying there will be 'less buyers', so the price may well start to fall again.

Additionally they are not buying them to destroy them, they are keeping them in treasury, which means they likely intend to sell them at a later date (or hand them out to directors as part of their remuneration package), when the price recovers, or if they need the cash.

That said I bought some yesterday myself, they seem like a worthy punt at the current price.

Ditto.

In this am at -5.4% and -6.3%, out a few minutes ago -3%

profit is profit.

The RNS states holding after transaction is 0%.

Which in English means they sold all of it.

If they still held some it would have stated it.

...and then they sold the holding, all of it.

Who to, I can't imagine they dumped it on the market.

The sale was notified after yesterday's market close, I guess if there is an impact of the notification it'll happen at 08:00.

The buyer has circa 3 days to notify the markets.

He has backers, a legal firm, they are banking on winning.

Looks like in this case they'll have to chalk it down as a loss., they'll probably win next time, it's just a numbers game to them.

I have a lot of these, sold 15% of them a few days ago, hedging my bets. Re: trumps pick for health and figures.

Still have way too many of them, could be a good oppo to offload a few perhaps.

The fact that they hold is not a positive sign, no more than it is a negative sign.

They buy very specific proportion of all of the shares in the index to track the index.

It has ZERO choice whether to hold BT or not.

Vanguard is a tracker fund company, it has ZERO choice to hold BT shares in its UK tracker funds.

Oops.

Doesn’t bode well for the CAT Tribunal.

Wishful thinking on your part.

Regardless of blackrock going below the radar, there could be many other shorts on BT.A that remain below the reporting requirements.

Also you are somewhat suggesting that companies are happy to report their holdings. They are not, they are made to, else face sanctions.

Regards the CAT, it would seem strange to wait over 6 months just to state BT is innocent. But it might take that long to decide on the level and type of punishment.

My assumption is big fines incoming. Hence I’ll keep my cash elsewhere for the time being. Because a big fine would perhaps affect the dividend, or at the very least increase the already high debt burden.

Blackrock Investment Management (Uk) Limited 0.46% 4 Oct 2024

Blackrock Investment Management (Uk) Limited 0.57% 8 Feb 2024

Kintbury Capital Llp 0.37% 16 May 2024

Kintbury Capital Llp 0.56% 14 May 2024

Kintbury Capital Llp 0.61% 30 Apr 2024

Kintbury Capital Llp 0.54% 22 Apr 2024

Kintbury Capital Llp 0.60% 19 Apr 2024

FYI, look above and you will see the last two companies to leave the list, at the point they stated the short position changed to below 0.5% they then left the 'active' (above 0.5%) list.

Simply put, they notified the last position they had, not that they had sold (bought back) all of the position.

Else they'd have notified 0.0% on their last reported position.

It ain't rocket science.

"as the chief executive at the Competition and Markets Authority"

Certainly an interesting appointment.

Hence that is the last entry.....and they were at that date removed from the active list.

Fact is they do not have to report shorts under 0.5%

You can assume that they cave closed it completely, but leaving the list is not confirmation.

This thing ended in March, they seem to be taking a hell of at time to decide. At a guess if they were going to dismiss it you'd of thought that they would have done it by now.

So my assumption is that they are deciding the level of 'punishment'.

I'd love to buy back in but not until that 'punishment' has been finalised.

Any thoughts on why this is taking so long?

Not quite....

It has reduced it below the reporting level of 0.5%.

It may not have closed it.