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From Q1 RNS
"The Group intends to publish its Half Year results for six months ended 31 August 2022 on 28 September 2022"
I'd expect to see the shorts reducing prior to the HY results; purely to reduce their risk of being blind sided (and they like to stick together as well for safety, so if a few start to reduce - others will as well)
Its better off managing your own shares rather than buying in a fund - the problem with funds is they can't sell their blocks of shares in a falling market and unfortunately many have paid too much for IPOs,
At least as a PI with smaller holdings, you can get out of poorly performing stocks fairly easily, even AIM.
As to CUBE - obviously with a large short here, all the articles they produce will be propoganda to support their position ie driving fear and panic to get PIs to sell at rock bottom prices so they can scoop them up
We will have to wait for an RNS major holdings declaration to see if there is a large seller.
Some of the IIs are pretty tardy getting these out, so may take a few days.
In the meantime, bargain basement shares for the masses - I'll be amazed if BOO isn't double this price in a years time.
Someone's just dumped 1.27m shares at 45.7p (or conversely you could say that the MMs have been happy to take these at the market price not at a large discount)
Having been watching this like a hawk for a couple of days, its clear that there is a big seller (25k blocks regularly) and until this ceases, the shorters will continue to drive price down hard, despite many decent sized buys.
However I reckon as soon as the big seller finishes, this will move back above 50p again,
Its just a waiting game and the game will turn shortly, in my view.
Great news - but I find it strange that significant news isn't released at 0700 with all the other RNS's??
Unless the Board's target audience is actually the US market, in which case releasing at 1400 when US market opens at 1430 makes absolute sense.
Lets remember that the current share price is just a "snapshot in time" of what the market thinks its worth at this particular moment with few buyers about (no news and its August when most people are on holiday) and short sellers trying to edge the price down a bit more each day. Its a bit like buying some apples from the market stall at 1630, at the end of the day, when you get them for half price as the majority of buyers have gone home.
If MM was to put the business up for sale, there would no doubt be many decent offers - we know he had the derisory £1.70 stalking horse bid and then others offers weren't considered genuine enough to open up the books for the "bidders" to see. What we also know about that period is that around 80% of shares are tightly held by institutions (who paid significantly higher prices for their shares so must have seen value for them) and MM himself. The current share price reflects the smallish churn of the remainder of the shares in circulation; with shorters and funds using algo trading to push the price down a little bit each day in order to secure cheap PI shares, ready for when this bounces.
Yeah, let the shorters play their little games using their standard tools = fear and panic.
Their objective is to get you to sell them cheap shares, then when they get enough they will close shorts and share price will recover. They will then happily sell back to you at a higher price.
Don't sell your shares this cheaply, you'll only regret it when they rebound in September.
Hopefully turning the corner here with a few big 100k buys. The sellers must be out soon surely as OPRH keeps pumping out new contract wins....sentiment will change soon IMO.
I'm underwater here, but not concerned. This will come good when people see the value here on a growth stock.
Had hoped it would drop below 10p so I could add more, but probably at the bottom right now around 10.25/10.5p.
Yeah they both turn up to rubbish companies results and share prices - the intent is clearly to drive the price down so that they can buy more cheaply.
Pinocchio admitted his target is to buy SWG at £1.10.
They normally disappear into the ether (thankfully) after a day or two; and go and stink out another share's message board.
Hmm let me see - Nick Leeson took Barings bank down in 1995. That's 27 years ago by my reckoning.
Also what has Barings got to do with Berenberg?
I've seen some rubbish posts in my time, but this is just plain ludicrous.
Assume you've either just finished a session at Wetherspoons or are in your Mum's basement smoking weed.
Buying opportunity for you Pinnochio.
Just a weak market at the moment with few private investors.
Market makers love dropping the bid hard on a few sells to scare others into selling.
4.7% down on 70,390 shares traded of which at least 20,000 are buys (2 x 10,000 blocks) as bigger investors who understand the potential here, soak up the smaller, weaker hand PIs who sell and can't see beyond the next 5 mins.