The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Remember how this original deal boosted the share price?
Well now its much better.
ARCN halves their short position.
These allotted shares will be used to close positions,.
No need to hedge against their debt so heavily now.
win/win
rock n rolling too. $40.40
Market always approves of certainty..
Line is drawn.
Onwards and upwards
Thought she went to jail for fraud and embezzlement?
Thank god we've got the Donald Trump.
Check out GKP breakout,,, nudging up on every single buy after 2 months of consolidation.
consolidating nicely circa$39.....
$39 - $40 (cfd spot)
oil pushing back hard,,, on with the fun n games...
Looks like were ticking the volume box...
I think thats the point, why not cover some @ 20p..
but if theyre happy @120p , so am i.
They are totally locked in,, i would imagine they bought a few through other investment vehicles to hedge the short.
They claim this monster short is hedging them against the debt that they own, but you would have thought they would unwind it accordingly as we went under 20p.
Blatantly stupid imo ,, if oil sees $50/$60 in the next month as i expect, they have no chance of buying those shares back under 150p
Just smashed $40
Target $45
Chomping its way to $40.
Easy push to $45 after 40.
Trump needs higher oil to kick off those filthy drillers in the US.
Its nailed on imo
Brent looks set to close the gap on the weekly.
Target $45
I think there's a fair chance, when recovery is on the way that Trump could outlaw short selling.
He loves the stock market and pumping up the numbers..A real easy move to ban short selling ,and a president that is seen to protect pensions and 401k's, it's a big win for investors.
I believe UK follows US, also notable from Trump over the last few weeks is his dislike for the WTO.
By the end of the year there's a fair bet that the EU will be damaged beyond recognition and WTO is ditched.
WHO was finished by Trump on Friday.
Exciting times ahead.
If you look at Trumps speech i posted earlier, he's ridding China companies (also HK now) from the US Markets.
Possible knock on effect to the UK,,,
This huge short actually looks very reckless to me,,
I expect Trump to be pro higher oil prices, now he is working with Russia and SA.
He'll do anything in his power to get the US rig count back up, and even beyond where it was previously.
Wouldn't be surprised to see oil supply cuts extended until we get to circ $60/$65 wti, to give the US chance to bring back its energy self sufficiency and those lucrative jobs/taxes back.
I wonder why they revealed their short position after all that time, and if there are consequences?
Hong Kong has some major head winds to deal with , now Trump just branded them as 'China'.as of last Friday.
https://www.youtube.com/watch?v=kHWqHt_DWAU
That's useful Ak,,
MSCI plans to complete the rebalances at the close of 29 May despite other index providers remaining hesitant to rebalance as a result of the volatile periods seen in the first few months of 2020.
Should see a strong rebound next week now.
Oil trading up too.