The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
“so should we not worry if the shorts increase ?”
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No. Not from Highbridge anyway. Because the price would be rising.
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Indeed it is . Now I’ve elucidated how I perceive things, rather than simply state it’s all about opinions, perhaps you could share yours and outline how it can realistically be considered “very positive news” then?
Many thanks,
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“Yes I agree John, it is very positive news”
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I’m sorry, guys, but please, knowing the part Highbridge have to play here, how is this overly positive news? We all know (or should do) that the Highbridge shorts were likely hedging their long exposure, but, other than the chance that someone at Highbridge is speculating with a small proportion of their exposure that, at this sorry price, the chance of falling much further is diminished, I’m not quite seeing their slight reduction as “very positive news”.
Whilst I encourage interest and enthusiasm in our investment, I find it peculiar that some of my fellow shareholders appear sometimes very quick to jump on any perceived slight on the company by others, whilst at the same time over-gilding the lily themselves.
I can’t see the the Highbridge transaction as anything other than procedural, myself. Sorry.
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Other than searching ‘high yield’, ‘junk’ or, non-investment grade bonds, not really no, Aubrey. Everything I know about them has either been researched online or discussed in person with persons involved in financial markets.
All we know is Fitch have given us a single ‘B’ rating, but, ultimately any rate we achieve will be dependent on the buyers perception of that risk.
Regards,
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Not really our bond market, I’m afraid. A rate cut will have an effect on US treasuries and the yields they offer certainly, however, they won’t have a direct bearing in the yields in junk bonds. Particularly those issued by companies not yet generating any income.
Regards,
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“Very interesting and proves SXX are on to a winner.”
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Really? How so? What with Liebig an’ all.
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Of interest, ACE, certainly. Although tbf I’m not unduly concerned. In near on 20 years of allotmenteering, I have never once added rock phosphate to my soil. Blood & bone, hoof & horn and a wide variety of scat yes, but inorganic fertiliser that contains P, no. And, empirically speaking, I’ve noticed no discernible effect on yields either.
Industrial scale fertilisation may be a different matter entirely, but, surely that’s a matter of logistics rather than components. There’s plenty of **** out there after all!
Regards,
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More than welcome, RR. And thank you for taking the info in the spirit it was offered.
I display my ignorance too. So I’m told. Often.
Regards,
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“Best you hope I never bump into you, we’ll see who soils their pants !!!”
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Ding, Dong! You must be a stunner dinger!
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“Both trades are TNCPs (i.e. trades not contributing to price). In other words, they don't count.”
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I think you’ll find they DO count, RR.
Trades can be flagged TNCP for quite a number of reasons, however, more often than not they will still ‘count’ regardless.
You know when we receive a TR1 that says an II is shuffling their pack, loaning shares or opening positions with options, warrants or other derivatives like Citi’s recent activity? Well, all those transactions that contribute to that will be flagged ‘TNCP’ for example. Another scenario could be when a large trade is executed at a price that referenced to a benchmark price obtained at various time intervals. But, perhaps more interesting to shareholders in Sirius, another situation where TNCP is flagged to a transaction could be when the transaction results in the delivery of shares in the context of the exercise of convertible bonds.
There is so much in this endeavour that we - the humble PI - do not know. Being unaware of its relevance does not equate to it not counting.
You can read more here (if interested):
http://eur-lex.europa.eu/eli/reg_del/2017/587/oj
Regards,
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In the meantime you can ensure readers sit up and take notice of your dreaming by plumping for the thread title “BONDS AND RNS”.
And in capitals, no less!
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Good morning, Lukeness. Welcome to the forum.
The company have informed the market that they intend and anticipate to have the bonds away by the end of the quarter. As this is only three weeks away, we should be hearing something very soon.
I expect the news to be positive.
Regards,
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I wasn’t aware of the new BlackRock position - thanks. In light of which, perhaps those trades yesterday weren’t actually buys then. With the increasingly regular use of Systematic Internalisers it can be incredibly fiendish trying to trace transactions, but, that BlackRock short (considering current low volumes) would appear a reasonable conclusion.
As for covering, it doesn’t matter when or where shares are obtained, as long as they are fully paid up ordinary shares, they can be used to return shares to a beneficial owner and close a position.
Regards,
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Good evening, wwguk. Those large trades published after hours would have transacted off book at some point during standard hours, but, were late reported (in exceptional circumstances trades can be reported up to 36hours after transacting.
Regards,
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Sorry, Chriskies - just seen your response as I posted.
Cheers,
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Good morning, John. - nothing new to be read into that Jupiter increase, I’m afraid.
The increase in their holding was in May when they took part in the Firm Placing in order to maintain their percentage. If you take a look at the ‘date of portfolio’ column, you will see that it was updated as of 31/05 rather than between Jul and Aug.
Regards,
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If, buts and maybes. Pfftt . Why don’t you just call it live when you actually open the position rather than blow a load of smoke about it now?
Then we can all see just how clever you are in real time.
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The port facilities are infrastructure.
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“I'm presuming he was referring to us but without mentioning us by name“
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Aww... c’mon, Jonesey. Be realistic. It’s not like there are any infrastructure projects in the news that are far more likely to focus his mind is there?
Cheers,
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“not allowed to sell to usa punters. just the rest of the world.”
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Eh?
#SRUXY
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