Member Info for PerArduaAdAstra

Lucky you. Never mind any profanity, I get excoriated merely for calling someone’s behaviour unchristian!

per ardua ad astra

I concur with your conjecture, but, more than maybe, GK. More than likely I’d say. As we know, there’s plenty of mechanisms - indeed, locations - on offer if opacity is required. If you’re buying under the spotlights then it follows that you want it to bee seem.

Cheers,

per ardua ad astra

“It could just be a quick trade. Any fractional movement of the SP with figures like that will make somebody very rich, very quickly.”
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Equally, any fractional movement against you will leave you with a heavy loss,. When you take that sort of position it highly unlikely such sums are risked on “any fractional movement”.

You’re thinking like a PI.

per ardua ad astra

Lol. I did think that myself. Should any £1 party ever come to pass - subject to the extent of any further dilution - I don’t think anyone holding Sirius now will be shy of paying for any drinks.

Cheers (hopefullly!),

per ardua ad astra

Good morning, Thornback. Do you have access to L2? And, if so, are those orders coming on the book in that number or, are they just nibbles from a bigger order on the sell-side? And if there’s an RSP code, is it the same every time? Initial impressions are that it’s possibly an iceberg buy (only because the transactions are at the top of the spread).

Regards,

per ardua ad astra

“Thanks for sharing Fred. Much appreciated. The only bit of the article that I took notice of was the follow sentence:

' Should Sirius successfully raise the bond issue, it would guarantee the company’s future and the share price would be expected to jump dramatically '”
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Which is daft. Sorry, Jonesey, but, it is. Either the article (and the author) is of merit, or, it isn’t.

Perhaps I’m being naive...

per ardua ad astra

“but surely ADM and Cibra and Wilmar will have done their homework.... surely?”
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The fear in the market however is, have they, indeed, have we, called it right. We’re betting on a market that doesn’t exist yet, and that scares some people.

But, that’s fine. This game is all about risk. And some are a little more averse than others.

But, it costs ‘em.

per ardua ad astra

If you haven’t a decent number of fruits by now, the pots are too small or, the roots quite likely otherwise constrained. Unfortunately it’s pretty much too late to do anything viable about it now - other than putting it in a bed or border and hoping for the best and the absence of any early frost.

However if these particular capsicums are of real value to you (hopefully frutescens, chinense or, baccatum) then the best thing you can do if you’re hoping for fruit now is, provide a high P feed to stimulate flowering and a high K feed to maximise size. Failing that, you can ,maintain the plant over winter by keeping it in a conservatory or sunlit porch, 3nsuring the compost doesn’t stay too wet, and accepting it will lose all its leaves. Hopefully however, come the spring you will start to see new growth. From that stage you can treat them as new plants. If kept in pots, suggest clay for aeration and John Innes no.3 for sustenance.

Good luck.

per ardua ad astra

“so should we not worry if the shorts increase ?”
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No. Not from Highbridge anyway. Because the price would be rising.

per ardua ad astra

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,

per ardua ad astra

“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.

per ardua ad astra

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,

per ardua ad astra

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,

per ardua ad astra

“Very interesting and proves SXX are on to a winner.”
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Really? How so? What with Liebig an’ all.

per ardua ad astra

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,

per ardua ad astra

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,

per ardua ad astra

“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!

per ardua ad astra

“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,

per ardua ad astra

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!

per ardua ad astra

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,

per ardua ad astra