Shorts28 Mar 2018 10:00
Over 14% of our stock is currently being shorted ,over 40 million shares.Professsional shorters , particularly when hunting in packs, are often right & to them their position is a no brainer .Like most PIs , I am long & therefore hoping they have it wrong & it will be interesting to see how our SP performs post acquisition , the issue of more shares & over the following few days.Perhaps they are right & our consolidated SP will fall back to ,say 700p +, giving them all a very fat profit-but, if our businesses continue performing strongly & our SP holds its ground, & acquirors of the new shares hold on to them,they will have to buy �400mill + of our shares, at some point