RE: Big Trades12 Mar 2024 15:49
First time US volume has surpassed LSE prior to LSE closing, it is starting to decouple. At which point the US will start driving the share price, ignoring the shorters constant selling on the LSE trying to support their positions. Should get interesting in the next couple of months as US holders begin to buy up for the next dividend. Can definitely see another run on $14 soonish. In that interview the FD said close to half of all debt due to be paid off by end 2026 all paid by hedged production. I wonder how long the shorts holding strategy will be considering the yield / loan fees? Results due next tuesday, $540m Ebitda, $560 mcap. Madness!