and as if by Magic - RNS - Woodford has halved his holding - having to offload the liquid investments to cover the withdrawals from his funds - there are bargains to be had in liquid Woodford stocks right now as the market knows there is a distressed seller out there.
UBS closed out (ish, maybe). Short Tracker can only report on 0.5% short or above, so when we see 6/3 a 0.51% short and 24/4 a 0% short, it could be that they had 0.49% short for ages and it only went up to 0.51% on 6/3 - 0.02% movement, and we know that on 24/4 they went down to 0.44% short - and this shows as 0% short from then on - we don;t know if they are still at that number, have closed out totally or even increased to 0.49%. On 6/3, (from google) the SP was 152.9 and on 24/4 was 149.2, so they might have made a (small) profit on the short depending on fees.
" learnt was to buy on ex-divi day, as the price would drop the divi amount and you are still entitled to the divi until the end of this day."
No you are not entitled to the divi if you buy on the ex-div day - that's why the price drops by that amount. You are only entitled to the divi if you hold at the start of the day i.e. before trading starts
Polar Capital have closed their position (well technically they are 0.01% short still, but I think we can call that closed). Takes us down to only 4 funds reported as shorting - Coltrane @ 0.67% and steadily reducing, Foxhaven who rapidly built up to 1.52% in May 17 then haven't touched it since (it's the only short they have - do you think they forgot about it?), Immersion Capital and Engadine Partners both at 2.68% and both increased their position recently. It's Immersion's only short while Engadine have a few open. Meanings - I'm open to suggestions...
I *think* that it is more that they are lending the shares out rather than selling, their interest is the same but has moved from shares into financial instruments which I am assuming means shares they have lent out and have a right to dividends and right to return on. As there have been no new shorting announcements on short tracker, I further assume (and I'm getting more speculative on each assumption) that they are lending their shares to an existing shorter who has (had to?) returned them to whoever they initially borrowed from.
£7.50 is the max Quarterly (not monthly) charge for an ISA - it's 0.25% of value p.a. so below £12k in your ISA it's less than that - there are lower dealing charges available elsewhere, but I struggled to find a lower custody charge.
Trading in Line with Expectations07 Dec 2018 08:47
Equals a 14% H1 17-18 to H1 18-19 increase in Turnover with an 8% increase in operating profit while building a new factory (I don't know how much of that cost is expensed and thus holding back op.profit growth vs T/O growth - £2M of expensed rather than capitalised costs would put the %age growth in both lines on an even footing).
Down from 3.51% on 23rd Nov 18 to 3.31% on 27th Nov 2018 (so down by double their increase last Friday). Good time to have reduced faced with today's jump - it will be very interesting to see if they continue, as this could be the start of big reductions and the fabled short squeeze. Another 0.5% reduction and PETS will be out of the top 5.
Kontiki - leaving the field - down again from 0.86% on 20th Nov 18 to 0.49% on 26th Nov 18. This puts them below 0.5% so no longer tracked on short tracker.
Engadine (who take their time to declare) increased on 23rd Nov from 3.41% to 3.51% - from a quick reckoning, this is currently the 6th biggest individual short position in terms of %age of a company (#1 is Odey Asset Management with 7.21% of Debenhams).
Leaves PETS at 11.38% declared shorts - now down to (only) the 4th most shorted share
Since the start of the buy backs (Jan 17), we have bought 10,921,936 shares at a cost of £378,511,009.29 for an average of £34.66. If there were no more buy backs from today onwards and it was 100% divi from now until the Sept 21 payment which would be the final one in the fixed scheme that the company set out ages ago, then it would have cost each shareholder £2.26 of unpaid dividend, and the current SP is £34.27 vs about £29 when the buy backs started - how much of that increase is down to the buy backs versus the general market is the judgement call.