Member Info for Infor

It's crazy if its i3 that's dragged this down. Only a few more days until the divi.

There is quite a concerted effort to drag the SP down today. So out of line with others.

Indy:
'A short position refers to a trading technique in which an investor sells a security with plans to buy it later.
Shorting is a strategy used when an investor anticipates the price of a security will fall in the short term.
In common practice, short sellers borrow shares of stock from an investment bank or other financial institution, paying a fee to borrow the shares while the short position is in place.'
In the short term Taconic could make this happen, especially if other recipients of EIG stock want out, or need to fund their massive borrowings (Noble). I have bought again a few days ago at current level, I will have to decide whether to quit now and wait for the dip or I'm sort of thinking that the recent downward pressure has not really impacted much. HBR has tracked BP and Shell quite closely until recently; Shell dipped because of their Q3 forecasts, but a gap between HBR and BP has appeared for no reason other than perhaps this downward shorting pressure. Maybe HBR will get through this and start rising again as it should (Ha, Ha). Decisions, decisions!

Good correction Thunder, Taconic are shorting around £25.4m. I suppose we could benefit like last time the SP plunged back in June and make sure we're in a position again to buy if or when they cause this. I reckon they are hoping for low volumes and low market sentiment. It could be great opportunity ahead of any quarterly news. The situation in June was some what different with the EIG partial exit and 8% changing hands. With Brent close to $100 and NG hovering around 300p means HBR will still be net debt free by the New Year. It will be interesting to watch this over the next couple of weeks!

Brent is rapidly approaching $100. Taconic by my reckoning are playing with about £2m - risky I would say. Need a bit more than that to influence the SP of a FTSE 100.

'Taconic Capital follows a disciplined, replicable investment process that aims to identify investment opportunities with three distinct elements: inefficiencies, identifiable catalysts and a margin of safety.'
Micky mouse website, obviously not doing their research very well if they feel they can short Harbour.

It's all automatic trading, will trickle down......

Dry watching like it's paint. zzzzzzzzzz

For info:
'The gas price outlook remains exceptionally volatile with day ahead pricing, at which the
Company’s gas is sold, ranging from below 100p/therm to over 500p/therm in recent
months. Futures pricing, which drives cash security requirements, has been even more
volatile, recently reaching over 800p/therm for this winter before falling back. Although
the Company’s remaining gas price hedges continue to expire month by month, the
erratic futures market requires significant cash resources to be held to meet short term
price surges. Cash security requirements over 2022 to date have ranged from below
£150 million to over £300 million.'

Yeah, just gone all in now hoping the city boys sort their algorithms out to reflect that there are fewer operations so financially sound and with ever improving hedging arrangements. Will sit back and wait for a nice divi (could be better) in three weeks time.

The SP is a bit farcical when you consider:
'At 30 June 2022, £258.3 million was held in cash and deposits (30 June 2021: £92.0 million) plus a further £160.4 million lodged as security with gas price hedge counterparties (30 June 2021: £10.7 million)
• By 23 September 2022 cash and deposits had risen to £482 million* of which £200 million was lodged as hedge security'
So by my estimation, seeing as average realised gas price will increase for H2, cash and deposits will be in the region of £750 million. Market cap of £1.03bn !!!

Should be flying again now, very weird. Whole market up, Shell and BP up, 1.9m shares bought at 453p....

Sorry bought!

That should free it up, 1.9m shares sold. Good time to buy me thinks....

I can only see some sort of merger taking place here. The market is obviously not impressed with the pile of cash SQZ is generating and what they propose to do with it. Fingers crossed with EIGG.

What we need is Brent to be at around $90, NG at around 300p and $1.14 = £1 for massive cash generation. If only ........oh hang on

Sorry 471,000 shares bought at 14:58 has little effect on the SP.

I was going to say funny how 270,000 shares bought at 14:58 has little affect on the SP?

I was going to say funny how 270,000 shares bought at 14:58 has little affect on the SP?

It's all machine trading, so no much going to happen.