RE: £47 Million Buy!4 Feb 2020 18:51
Trying to process all that has happened in last 2 days of trading along with all the news and MW tweet. This is what I found and think.
Key figures for me today are the sheer volume of sell trades over 4m shares sold and £41m in value
Below is summary of today’s day trading
# Trades 18,521
Vol. Sold 4,091,056
Sold Value £41m
Vol. Bought 2,138,601
Bought Value £21m
Then you have the big £47m buy trade of 4.6m shares which represents a 2.2% holding and no associated sell trade of equivalent size although total number of shares sold is over 4m and pretty close
In theory, this could be the sum of AQR and PSquared cashing in at same time, but this could only be to a single donor as i it is a single massive buy. The only donor to have this size of collateral outside of owners is Capital Group and they could have even lent more yesterday and today for new short positions and here is why
you also have a £11m UT trade and market close in there aswell, which i see as as a pre agreed transfer of shares. So what I believe has been going on here is that you have a coordination of both big shorts like AQR and Psquared plus other smaller shorts who have taken out renew short positions in just last couple of days.
Remember stock has managed to swing from mid 11s all the way down to mid 8s since yesterday, the % drop form a short perspective is still 30% profit. It’s the same profit margin as going from £30 to £20 . This can only happened with a concerted effort by shorters working together like an orchestra and then you have the conductor, in this case MW who puts a well timed tweet in response NMC knowing full well that NMC had to respond to the fiasco yesterday on the sp plus the rumors and speculation spread by FT yesterday which was intentional to set up further manipulation for today’s carnage.
But, even if this sound far fetched, all this fiasco on sp has been only possible a due to the fact that NMC and a Freeh have been taking far longer than expected to release their primary findings which I don’t think even shorters may have necessarily expected, but for them has been a fully taken advantage of.
And now with the price being so low for such an extended period of time this has now attracted takeover bids to add even more noise and complexity of where this company will be in next 3-6 months.
This week needs to be when concrete news comes out to stop all this madness