RE: CapeView Capital11 Nov 2020 12:09
A good spot Pitro and one I that I hadn't checked. Probably further closing going on the last few days given the way the MM's have been walking over the share price on no real volume.
However where shorts are concerned in all fairness our newest shareholder, Harding Loevner, on the 26th October bought from scratch a brand new 5.63% share holding which totally eclipses all short positions. Not reflected here in the slightest and they join the likes of Mastercard holding here.
https://www.lse.co.uk/rns/NETW/holdings-in-company-lufqkko963v53sa.html
You also have to realise that some short positions are taken out solely with a view to accumulating even more stock than they first sold. leaving the short liew iopen helps them achieve this. By way of an explanation shorts you have to appreciate have to disclose at 0.5%. There is no such notification provision for "long positions" and in terms of share holdings it is a 3% threshold for notification. So you could in theory use a 0.5% or greater short position to acquire a much larger (undetected) 2.99% shareholding or ideed to go infinitely long.
The Harding Loevner new share holding is not reflected here, neither is a return to 315p which should have come post the Nigerian Sars blip which lasted all of a week. Neither by comparison with other financials I hold and track, is the impact of a return to full normality with now the reality of a vaccine with 90% efficacy.
It matters not if it is today, tomorrow, next month or next year as the transaction numbers will speak for themselves. Blatantly obvious gap in the chart that will be given back at some point.
Sign In
Follow the stocks
