Member Info for K3VMC

Same old question from me. Oxford, GSA, who's next? GLA

Rocket79 "GSA reduced 6.85=>6.79 on 13th August (Last Thursday)" Should be "GSA reduced 2.24=>2.18 on 13th August (Last Thursday)" Thanks to both for the heads up!

Chemistdude, thanks for posting that. Still 9m shares for shorters to buy back. Let's see who is next to reduce. :-)

MrEMC2, yes, disappointed too. Sign up to BlueShare and get their short report!

Just out of interest, shorters profits reduced by about £1.3m since Monday.

I think Oxford Asset Management will be pleased they reduced. Shorters have made millions here, so they can afford to lose some of that on the way back up. How much is up to them. I don't suppose any of them want the wooden spoon to be handed on to them from Ennismore.

Information from the fantastic ShortTracker facility on BlueShare.

Oxford Asset Management reduced short from 1.24% to 1.19%. Next!

Always good to see directors buying. :-))

baz, sorry ! I pick up my new specs today, thankfully!

baa, when you put it like that, it makes more sense of that email reply TUNG sent me.

Bogle Investment Management gone below 0.5%. Not the same size reduction as JP Morgan, but welcome, nonetheless.

One shorter gone below 0.5%. 8,653m shares to buy back now, based only on declared shorts. Nobody wants to be Ennismore here. GLA longs

SpikeyJ, no change to reported shorts at 7.4%. Still 9.287m shares to buy back. :-)

Leper "Nice to see the little rise. To answer the question earlier today it is the shorts who are winning." Well, as long as I'm winning, I don't care who is winning with me. ATB

davidpqz "Is Tungsten cherry picking the large enterprises?" Tungsten buyers "encourage" their suppliers to submit e-invoices through the TUNG portal. "K3VMC, I see congratulations are due - you got an honorary mention in Winnifrith's "Bulletin Board Morons of the Week"" I read one of his articles. Once. I've mentioned Rivington Street a few times lately. That usually gets his back up. I don't approve of panning his pizza place, though. Well, I said I thought it looked more like a cafe than a restaurant, but that was only from looking at the pictures. I've never been there. I can't say I'm bothered either way. If he has to comment on me, he can't have much of importance to say.

davidpqz "93% by volume of the invoices processed by Tungsten are e-invoices as stated in the 2015 annual report. Does this indicate that Tungsten is unable to process invoices for the nearly 75% of small suppliers which is what Hurwitz's statement could be taken to imply." No, this was a survey of SMEs, commissioned by TUNG, NOTHING to do with their customer base, as CLEARLY stated in the article quoted. "The study, by Red Dot Research, found that the average SME is owed £40,857 in unpaid invoices, with £20,937 of that total overdue. Tungsten calculates that when applied across the UK’s 5.2 million SMEs, the total owed could be as much as £212 billion. Of the 1,000 companies surveyed, 23 per cent said that late payments had put them at risk of closure." "I've always suspected that there are major problems in this area, that is that a system which is applicable to only a fraction of a supplier's invoices is really more of a hinderance than an aid." Oh well, if you don't bother to read articles fully, or if you cannot understand what the article is telling you, I would imagine that you suspect all manner of things. No offence meant, obviously.

That is what will happen here, when the shorters get bored and leave. They have made a lot if money here, but the returns ARE diminishing and they have assets here that they could be using to drag down far easier prey. JPM already broke ranks and reduced massively. Let's see who leaves next and who leaves last. I'm not saying they will leave today, this week, or this month, but they WILL leave at some point. I'm ready for it to do a QPP or a MONI, any time it likes.

Shorters education level? Nothing. Might conquers right.

My apologies to Juliana Wheeler, as I have just received a considered reply from the company's agents. It reads: Thank you for your email. Juliana Wheeler has asked me to respond on her behalf – we at Neustria Partners act for Juliana in supporting Tungsten’s shareholder and investor relations activity. Tungsten, which is fortunate to have an informed and loyal shareholder base of both retail and institutional investors, is grateful for your highlighting the article below on Slater & Gordon. The net short position in Tungsten shares is a source of frustration given the discount to the company’s sum-of-the-parts value, which is estimated by broker Canaccord to be 99 pence per share. However, the company recognises it is owned by its shareholders and it is not its role to instruct shareholders what to do with their holdings, such as withholding scrip from stock lending pools. The most effective way of reducing net shorts is to make it costly for them to maintain their positions – business progress and delivery of targeted performance ought to achieve this outcome. I hope this helps to answer your question. I am attaching the latest Canaccord research on Tungsten. Don’t hesitate to contact Juliana or myself if you have any further questions. The larger IIs at SGH took their action to withdraw their stock form lending pools by their own volition. I would hope that some of our IIs would do the same. Not sure about Fidelity. I don't trust Fidelity. There weren't many IIs that could have loaned enough stock to damage Quindell so much, so I have always suspected them. Anyway, the Canaccord note makes comforting reading. Shorters have to buy back 9m shares at some point. Any JV news or Bank sale will start the ball rolling, as will a decent trading update. GLA