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News today, handover to Drax of new Hirwaun power station is terrible for the shorts, the bear case is based on poor cash conversion and working capital being tied up in costly and complex development projects. The company argued that the FCF is coming just be patient, here it is.

Thanks guys for posting the Greek article. Top riser on FTSE100 today so might finally get some attention. Trading volume on LSE only c. 0.1%, which would be over 50 days to cover, the shorts are f@#ked.

Too late, no liquidity, they gonna get squeezed hard.

First small drop in total short position, they are starting to bottle it. A couple of funds still selling small volumes to manipulate price down before the earnings guidance at the AGM on Thursday.

Suicidal shorts still hanging on, with Aluminium at near all time high, while TTF gas has fallen back.

I've doubled down this morning, expect CEO to buy loads more over next few days. Action lower LFL this quarter is to be expected given energy price shock hitting consumers. However there is nowhere cheaper to buy essentials so only a matter of time before they grab more market share, store opening trajectory intact. Divis and big share buyback should support the SP at or above current level.

Trading update tomorrow

Some sneaky short covering going on , there's a repeating pattern of low volume and depressed prices mid session with large volume and price spike in the closing auction. Given the low float and trading volume in the stock , the shorts are gonna get squeezed bad if there's a positive trading update at the AGM.

Couple of other directors also bought in recently for first time since LSE listing, not all the deals are showing on the directors deals but were shown on RNS. Take a look at the SP action when it was listed in Athens only as Mytilineos , huge moves up as energy and aluminum prices spiked in 2022-23 after Ukraine invasion.

He bought another €1.6m worth on the dip last week, he has added around 300k shares since the London listing last Aug.

Large move down on Friday after the results but on thin volume (c. 0.2% of market cap), Athenex closed for Orthodox Easter until Tuesday. I don't think the traders on the LSE understand this stock. Listening in on the earnings call, the chair said that his nat gas is hedged until 2028 while aluminium spot has climbed steadily to near all time highs. Significant chunk of global supply from Gulf is offline for a long time. Chair said that his policy is to hedge forward Alu sales if margins above 30%, I'm guessing a lot of alu profit is locked in for 2026/27 at much higher margin than 25. The company is still getting cheap Russian Turkstream gas (35%) until end 2027. Balance sheet is rock solid as they didn't end up winning the Alu Dunkerque bid. Renewables development business doing well with stronger interest post Iran. Nothing about disruption to gas supplies (pipeline & non Gulf LNG) . I suspect Q1 trading has been very strong which means management can't buy until they put out the trading update at the AGM in late May. Virtually all of the short positions were disclosed prior to the Iranian strikes on the Bahrain and UAE alu plants. At the thin daily LSE volume, days to cover is over 3 weeks, those guys are mad in my view.

I agree with cheapshareboy on TCAP , these guys are coining it right now on Iran vol and the E&C hiring news was very welcome . I expect a trading update soon given likely material increase in revenue this quarter. Surprised market just ignored it until this morning.

MTLN printed money during the last European gas crisis after the Ukraine invasion and is likely to do so again thanks to 20% global LNG being taken off the market by Iranian drone attacks on Ras Laffan. They still have Russian pipeline gas until the late 2027 and have likely hedged forward LNG cargoes at cheap prices while European electricity prices off spot gas price.

Shares in Mony Group, which trades as MoneySuperMarket, tumbled on Tuesday after US online insurance marketplace Insurify launched what it claimed is the insurance industry's first ChatGPT app

The IR has completely mishandled this profit warning, they need to break down how much is being lost on Protos cost overrun and how much is simply a delay on the renewable project sales. Unless they rectify this the market will doubt their competence and assume worst case.

I asked Gemini AI for cheapest utility for my postcode and it matched the one I chose off a comparison site a few weeks ago. Get out while you can.

Sold out of MONY after listening to Paul Hill on VOX markets about how AI would render price comparison sites obsolete. Probably owe him a beer or two.

Agree the valuation is expensive, BUT, Action is opening more than one store in EU each day. The setup costs are being paid for out of cash flows and each store pays this off in c. 18m. They have negative cost of capital due to high stock turnover and supplier payment terms. LFL each store still rising above inflation. On top of this Action has large cash pile and pays divis to 3i. I’ve followed the CEO and bought the dip.

He bought another £1m worth back in Nov , CFO picked up £500k worth along with decent size buying by other directors all at around the current share price.

AAF has re-rated hugely over the past year and is now priced as a tech growth stock. If the earnings, revenues and margins are not spectacular then the share price move may disappoint.