RE: Defo wace fighting this16 May 2024 12:48
Hi there
Card factory has never paid a dividend in 5 years
When you short a company (borrow stock and sell it hoping to buy it back at a cheaper price to make money in the future)
This is what Marshall wace has done at card and suspect some others too
So now with the introduction of a 4.5 p dividend the shorter has to pay this on the stock it’s borrowed
Clearly this impacts the profits and viability of the short moving forward so they have switched on automatic trades to keep control of the price in the hope of the silly retail punters selling up exhausted of the games
Hold here this price is going up in 2 weeks I guarantee
Ps forget telios they and the big holders are not doing anything other than HOlD