HMSO, the UK’s first mega squeeze!25 Nov 2022 00:24
1. No insider buying despite expecting FY22 adjusted earnings to be not less than £100m. As GME and AMC apes pointed out last year, if insiders were to BUY NOW it would probably be considered insider trading if they decided to dump their shares during a short squeeze.
2. Lighthouse Capital’s Diksesh Patel stepping down from the board. Could he be looking to increase his stake in HMSO?
3. More recently, High Court approves HMSO’s capital reduction. This will reduce the float and put even more pressure on short sellers.