focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
DD77 - Looking positive shorts down to 1.85% - see link below, decent site to check short positions.
https://shorttracker.co.uk/company/JE00BN574F90/
Well done bozo, I hope people listened to your advice yesterday and made a killing today, still have reservations but glad been a good a couple of days for LTH who have got battered over the last few months. Good luck to all.
EmeraldsCarrots - You are such a clown…all you do is pounce on an uplift across any share in aviation when on the up. It’s embarrassing.
I wouldn't get too excited, 3.2% short position remains (updated 23.10) and the majority of airlines have been battered on recent updates. Hope I am wrong but just been realistic. Good luck to all holders.
I can't see this going anywhere fast with a 6.30% short position, especially with caius capital as one of the main players? Call me cynical but I doubt they would be holding a short position @ 3% if these share were going to take off anytime soon....hope I am wrong, good luck all.
It's no surprise they don't officially confirm a 'leak' - I'm sure mark kleinman isn't going to share a story if its not from a reliable source i.e. not all the bandits shorting the company.... its all smokes and mirrors and conspiracy theories on this board....
Metro Bank is seeking bids for a portion of its mortgage book at the beginning of November, Sky News reported Sunday.
Rivals Barclays
BARC
, Lloyds Banking Group
LLOY
and NatWest Group
NWG
have shown an interest in the loan book.
Last week, the British banking group secured a financing package worth 925 million pounds sterling and confirmed talks for selling up to 3 billion pounds of residential mortgages.
Short position increased on the 27th to 2.21% which doesn't bode well.
Stupmy, just wind your neck in, nobody has to justify themselves to you, it seems you can't really take any challenge, it happened when you forced that Mike chap off the board and now you are trying it again with OSG, have some self awareness and stop embarrassing yourself.
@OzzieBTC From the RNS shared they have not disclosed previous holding within the company, it is a regulatory obligation to declare any holding >5% so the only real takeaway from the RNS is Blackrock have hit the 5% threshold and have declared accordingly. Hope that helps.
Assume spike was in relation to Blackrock increasing their position (RNS 10.54) - should provide some level of confidence.
FYI News from this morning..
TUI's 3Q solid results are seen as a small positive with limited financial and bookings impact stemming from the wildfires in Greece and year-on-year guidance progression in key metrics in 4Q, Citi analysts Leo Carrington and Daniela Riu say in a note. The travel operator had already reported a bookings recovery for the quarter last week, with pricing 26% higher than in 2019 and in line with May's level, which reassuringly suggests no elevated discounts or negative mix shifts, the analysts say. Divisional EBIT expectations are consistent with FY 2023 EBIT of around EUR1 billion and potentially suggest low single-digit consensus upgrades are possible, they say. Shares are up 3.6% at 602.50 pence. (anthony.orunagoriainoff@dowjones.com)
Just an FYI for those who haven't seen the below - came out about 30 mins ago.
TUI is scheduled to report results for the third quarter of fiscal 2023 on Wednesday. Here's what to know:
REVENUE FORECAST: One analyst polled by FactSet had a revenue estimate for the German travel operator of 5.01 billion euros ($5.51 billion) compared with EUR4.30 billion for the third quarter of fiscal 2022. In June, Deutsche Bank said in a note that it expected TUI's strong operating recovery to continue into the second half of 2023.
ADJUSTED EBIT FORECAST: UBS analyst Cristian Nedelcu said in a note that for adjusted profit before interest and taxes--one of the company's preferred metrics which strips out exceptional and other one-off items--Bloomberg consensus is EUR960 million versus UBS consensus of EUR980 million. The company reported an adjusted EBIT loss of EUR27 million the year before.
EBIT FORECAST: The company is expected to swing to a positive EBIT of EUR150 million, Nedelcu said, compared with an loss of EUR42.5 million in the year-prior period.
WHAT TO WATCH:
-DEMAND: Visibility for travel demand post summer remains low and UBS expects airline bookings in late September to provide a clearer picture of the health of travel demand. "We note at the date of third quarter historically TUI sold around 87% to 88% of the summer schedule pre-Covid-19 (83% to 86% of the program sold last year)," Nedelcu said. In May the company said it had recorded strong bookings for summer and that travel demand was high across all markets.
-GREECE FIRES: Investors are expected to focus on the financial hit stemming from the wildfires in Greece. UBS models a headwind of around EUR50 million in the fourth quarter "reflecting a combination of repatriation costs, cancelled/modified bookings and potentially weakening demand for Rhodes in August which may have a negative impact on pricing in the late season."
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
Assume this is contributing to the downward trend and why Marshall Wace increased their short position on the 26th.
Airlines brace for hit from Pratt & Whitney's new engine problem
CHICAGO/PARIS, July 26 (Reuters) - Airline executives are fuming about the prospect of grounding planes and trimming flight capacity amid a busy summer travel season after fresh problems arose with some of RTX's Pratt & Whitney engines.
Pratt & Whitney's latest snag, revealed on Tuesday, will impact at least 1,200 of its Geared Turbofan (GTF) engines that power Airbus' popular A320neo jets and will need up to 60 days to inspect and fix after microscopic contaminants were found in a metal used in part of the engine core.
While few airlines commented publicly about the engine contamination issue, multiple senior airline executives privately said they were shocked, and one who asked not to be identified called it a "nasty surprise."
Hungary's Wizz Air said on Wednesday it expected first-half capacity to shrink by a "mid-single digit" percentage as 12 of its fleet's engines would be affected. But the low-cost carrier added that strong consumer travel demand could result in higher fares, leaving profitability intact.
N.B EDITED THE POST FULL LINK BELOW -
hxxps://www.marketscreener.com/quote/stock/HAWAIIAN-HOLDINGS-INC-3064324/news/Airlines-brace-for-hit-from-Pratt-Whitney-s-new-engine-problem-44430031/