Member Info for Kipper9

We haven't heard from Divian(something) for a little while now. He/she is an insider, or ex-insider, who has posted some very interesting info in the past.

Do you still visit this board DD and, if so, do you have any relevant news for us long suffering Capita shareholders?

Got a few in green coffins now Stumps.

I come here, and elsewhere, to inform and be informed on my various investments.

Once the stupid comments start, they get filtered

@SimonPassmore

Just had a quick look at your posting history; no use to me whatsoever

Filtered

(what that means is that if you answer me, i won't see it)

True Simples, AND it's not bl**dy politics

No fear with me pilgrims

Speaking of which, where has the Fearless one gone recently?

I found this on the DEC forum FYI

(Financial Times) Hedge fund short sellers burnt by flurry of UK takeover bids

“Shorting any UK mid-cap is insane, literally insane,” said one hedge fund executive who specialises in shorting stocks. “The numbers [valuations] are just so low in the vast majority of cases that a $2bn UK company is peanuts for any mid-sized American company. Your sell case has to be unbelievably compelling and feature the stock going down at least 50 per cent”, or there is a risk you lose 50 per cent if the stock gets bid for, the person added"

Plus, here is an interesting article about a short sqeeze of BT.

Shares sold short there at a whopping 16%, if the article is correct

https://uk.investing.com/news/stock-market-news/hedge-funds-stung-as-the-bt-group-share-price-short-squeezes-3530054

Also, i wonder why GLG upped their short to 50%, which is over the 49% threshold, so revealing their position. Why not just increase to the 49% and stay 'unknown'?

A search for GLG Partners takes you to Man Group

https://www.man.com/glg

Based in London

3,000,000 shares down as a buy at 16:10 late afternoon

That was at 15p

Yep, just seen that

GLG Partners LP 0.5% +0.09% dated last Fri 31st

Millennuim seem to be gone

What is afoot?

"Ticketmaster owner Live Nation confirmed "unauthorised activity" on its database after a group of hackers said they had stolen the personal details of 560 million customers."

Not just Capita & Santander then......

https://www.bbc.co.uk/news/articles/cw99ql0239wo

Noticed that Aim, shorts (under 0.5%) now at 1.99%

Certainly stepped up from the 0.53% on 21 March

Dangerous game for Millennium at these levels; do they know something!

It would only take a rabbit from the hat on Wednesday & they might feel a sqeeze

Yes, it's a UT on London Stock Ex website......still, a big number

Good weekend all, 2 trading days until Cap Mkts Day

AD3FN trades has a BUY @ 68,159,547

Yes, me too, as i can't find any info to substantiate JustAndy's statement.

The reverse has recently been the case with ITV & DEC; where they are shorted by several funds yet the share price has risen.

For those here who are already long & have made purchases you may be concerned what could be said at Cap Markets that might affect the share price. To hedge against any downward pressure, for instance, you could use the strategy of taking out a short term Call/Put contract (CFD/Spread Bet). The Option would give you the chance to buy/sell at a predetermined price in the future. To excercise the option or let it expire, or sell it. This would cost but, in effect, would act as an insurance policy should the share price move against you

Not for me, but some might use this strategy as a Hedge.....

Does anyone on here know more, or use, this type of strategy please?

Shorttracker has Capita at 42 of the top companies shorted on the LSE, at 1.8%

The short situation might not be as simple as you think. These 3 funds shorting Capita may well have Options in place to hedge against the risk of unexpected good news or a short sqeeze for instance.

For myself, when i look at some of the companies above Capita on the short list, at 1.8% i am not undully concerned. Take ITV at position 45. Shorts at 1.7%, and yet the share price has risen from 60p to 78p over the last 3 months, on positive news. A 30% rise.

Conversely, Whitbread (at 35 2.1% short) has seen it's share price drop from £33 to £28 over the same period. So, to my mind, looking at % of shorts held is not that transparent. More can be read here for those interested....

https://www.investopedia.com/articles/active-trading/021715/how-protect-short-position-options.asp

Well spotted Aim, thanks. 9 trading day's until Cap Markets where AH will set out Capita strategy going forward. Do they know something? Something in the wind?

Re; Possible cap raise. May not be through issue of more shares, but just increased debt. Seem to recall JL taking out £100m of debt around last Aug at H1 23 (tho could be mistaken)

All of my portfolio in the red today; AV, LGEN, BATS, DEC & VOD. Tho CPI biggest faller.

Also my COIN & META off as well.

Aim, did you comment on the recent Times article on AH? I thought it read very well, compared to their past opinions where JL was CEO.

Stumpy, isn't that 1.55%, or have i read it wrong?

Either way differant figures from differant websites.....

I don't see this as a great worry. More than balanced out with Schroders increase of 320% over 3 years, to me anyway.

Aim, plus we only have the funds shorting over the 0.5% threshold. There may/or may not be some others at 0 - 0.49%, so as to keep there position secret

Aim, Shorttracker & LSE here have 1.64% shares held short. Do you have other/better data?

Agree, what the market hates most is uncertainty. JL made a total hash of things and the market doesn't forget easilly.

Here is an article in The Times from 23 Aug last.

"10 March 2022. Lewis declares transformation of Capita complete"

https://archive.is/Wg8RZ

Aim, i re-read your excellant comments from 24 March entitled Investment Case for Me.

What has happened since then for you to turn so bearish, may i ask? It was post FY Results, and the only thing we know now and not then would seem to be the short increase.

The unknowns are still mainly unknown. Or is it the known unknowns?