RE: Patience25 Feb 2021 13:14
Great to see the LT Holds getting rewarded
When we got to 50p in Dec, it was too far out for the MMs and IIs to make proper profit - Schroders will have the lent their shares to Sandbar etc to short it, sold a few more themselves to help the drop (remember, they are getting paid interest on their loaned out shares) and take a bit of profit.
all creates more sells and PIs selling as stop losses were hit creating more losses and more sells
Schroders were then to buy their shares back (Million quid at 10p cheaper than their Jan sell)
So shorters made a mint, Schroders made a load (interest on their rented shares plus 30% on their million) and MMs happy as it created more volume
They are all in this together - so if you held, well done.
If you topped up, congrats cos you've either lowered your avg or getting rewarded with more profit
This is likely worth 70p now and with some other good news hopefully with debt restructure and costs reduced then 80-quid is reasonable
I will review next Tuesday if I will top slice, but with an avg less than 38p and just shy of 200k invested, I am still confident that I will hold for 70p in coming weeks
However, this is my opinion - please please dont follow anyones comments on a BB as we all have different agendas
I am gutted I didnt take 30k profit at 50p in Dec but we cant undo those things - back here now and looking for a lot more
GLA - pls DYOR