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"..they have 0.4% of the shares "
Oh, apologies, I missed point 11right towards the bottom of the page... ...which says these shares are a result of borrowing them ...so they have borrowed them, not bought them...by the looks of things
Nothing is going to happen until they show the Results and show that the business is on the mend , in terms of margins and bottom line earnings
No one is interested right now, in a leveraged balance sheet and no dividend ...better and safer yields elsewhere
It is up to the BOD to deliver ...not their fault the late change to the German situation has caused the latest Results delay
Many fund managers will pay 80p, 90p, whatever ...once a more secure situation is delivered.... but not until ...IMO
" could it be that someone has put up their BT shares as security with them for a cash loan."
no
It is just a contract between Morgan Stanley who does not have the shares, with someone who does have the shares ...such as an Institutional Investor
Both sides seek to gain from the contract ...often the II will seek to hedge their Long position without having to sell shares or lose Voting Rights
Morgan Stanley will seek to have exposure to the shares, say through the performance of the shares, without having to buy them
Completely recovered the Q1 sell off and more...
3 month sell off, recovered in less than 3 weeks ...
" Wish TR1s were clearer."
They become clearer, once you start to understand them .... just watch out for Options, Cash Swaps, etc ...that are not ownership of shares, at that point ....and Investment banks like JPM and Morgan Stanley etc ..use them A LOT
" They previously had 6.6% of available shares, now increased the 7.09%."
No.... they have 0.4% of the shares ( which has increased since the last notification)
....the rest are Compound Options and other Derivatives such as cash equity swaps gives them exposure to the shares without actually having to own them
https://www.investopedia.com/terms/c/compoundoption.asp
https://www.vintti.com/blog/what-is-an-equity-swap/
KevRow
The Analyst Call is worth reading in full.....
https://seekingalpha.com/article/4667556-vodafone-group-public-limited-company-vod-q3-2024-trading-update-call-transcript
LWHL
The daft thing is.... pensioners are lending their Govt money, so that the said Govt can then pay them their pension, ... and on top the Govt has to pay them a 4-5% coupon to do so...
It is all crazy really
LWHL
I had a couple of Americans over for dinner last night...and we were chatting about things .....and they said...they were really concerned that the US Govt could close down different areas ... simply because of the constant need to ask Congress for more money ...they said it was really worrying ...crazy they said ..
LWHL
Inflation and Treasury yields and Dollar strengths ...suggest that PM shouldnt be going as high as they are .....BUT ..the fact that they have ...suggests to me ..and others....there is another big worry out there ...and that worry is what is supporting the PM prices ..
The market seems concerned on the US borrowing and Budget deficit levels with big concerns that it just cannot go on ... debt repayment levels are going up,up,up and tax receipts are just not keeping pace with the spending ....
It is like they are borrowing $3 to get $1 of growth
The market as yet does not see the reasons why they are buying PM to have changed ...hence little sell off as yet
FRES was obviously oversold much below 480p so the actual Bull increase here is relatively small at this stage - IMO
" What is "management" trying to achieve? "
to me..it suggests that a leak was likely to happen and as such the BOD needed to update the state of play , to prevent any leak rumours etc
Secondly..they have almost made it clear that discussions are moving towards a D4E and possible further investment from new investors /existing key shareholders that could involve further equity issue
The sale of assets ...suggests that , that issue, will not in itself provide enough cash to solve much of the debt issue
The RNS makes it clear that the whole process is long, difficult and full of challenges...hence the timescale needed to get to any kind of amicable solution ..and involves coming to agreement with a number of different stakeholders ...
" Meanwhile financers get handed majority of a company with huge backlog at expense of you guys. Also stinks."
It is always known that the lenders are further up the food chain than shareholders....and ..the bottom line is that if you don't keep up with paying your lender coupons or interest payments then the lenders can pull the plug or recall the loans , and it is over for shareholders anyway
so, it isnt really "at expense of shareholders" .... the risk of it is always a known-known ...hence the decline in the SP
" It also continues to be in discussion with prospective investors and certain major shareholders in relation to potential further investment in the Company "
you have to think that,that may also involve further share issue ..over and above the D4E
"SILVER through $29 bucks now!! "
considering how many Dollars they keep creating ...that is CHEAP .... should be $40 ....
demand is going to out strip supply ...
need to get a cocoa like run on supply shortage !!!
"...the scrap problems in particular have absorbed a sizeable amount of working capital and cash"... but ....."considerable success has been achieved in recent weeks in reducing scrap..."
is that an oxymoron ?
"They have given up on the Blackbird product and strategy that has been driven for the last 5 years under Ian and now reinvented themselves as ElevateIO."
What nonsense...
They have created a new product , but HAVE NOT given up on the Blackbird product....they are currently exhibiting at NAB in Las Vegas , for goodness sake after recently being at a conference in New York.
I think it is fairly common to update LinkedIn profiles , so I would not suggest doing so means one thing or another .... I would not jump to any conclusions , although it seems you already have
" Can anyone please confirm if they have actually stated anywhere that they will update on the NA sale during FY results ? "
I doubt they need to state it, as it is a near certainty anyway ...given that they announced " Strategic decision taken to prepare the North America School Bus business for disposal " within the Reporting Year (October)
The Nov 2023 fund raise had a supposed £3m of contingency money , beyond the working capital need .... plus... they said then (lol) that they saw no need to raise more funding and if so would look at other means other than Equity
Now, the confidence and trust has been shattered .....and no doubt the Chairman, who lured in the City investors has been told it is time to go ..... all the BOD bought @10p ... so... did they probably envisage having to burn that £3m or part of it, to get the problems solved
what is the cash level now ( £6.1m at Dec 31st 2023) and are they still on target to be able to invest £9m in CAPEX as guided, during this year?
I think it is important to see and understand what Google Vid is, and what it is not ...
" Google Vids is very much not an app for making beautiful movies… or even not-that-beautiful movies. It’s meant more for the sorts of things people do at work: make a pitch, update the team, explain a complicated concept "
“The ethos that we have is, if you can make a slide, you can make a video in Vids,” “No video production is required.”
" Based on what I’ve seen of Vids so far, it appears to be roughly what you’d get if you transformed Google Slides into a video app."
https://www.theverge.com/2024/4/9/24124168/google-vids-video-ai-workspace-app
" things are turning around here! "
Taking £300m off the shareholder Equity is ...some turnaround !!
🤣😂