Member Info for Savage_KeyboardR

I don't think there's any news here... Maybe a few Yanks waking up ahead of their market open and placing some buys over here against shorters? Looks to me as though stakes are getting higher for shorters here, to keep up these shorts they're gonna have to stump up lots more coin... They may get away with it too, in the short term, what with Dow futures looking as though US will open up with more selling on back of yesterdays falls.

Get your buys in on the dips though (on US these US fed and BoE MPC next week) because when this kicks up (W/C 13th I think) it's going to do so very sharply imo!

Agree "the June statement could well be the game changer" - just not in a good way lol

Finally the media starts printing some articles which reveal the trouble with the UK housing market...everything published so far this year has ramped a rapidly falling market!

I think it has further to fall than 5.50p but yep, agree with your strategy.

By time we get to June the £ to $ rate will probably be about 1.185... I can't see the June statement being a radical positive game changer and Capita is either going to look ripe for poaching or... perhaps it could be looking precarious as an ongoing business.

I think we'll see 5.50p later today once USA markets open and the Fed holds them rates.

I'd have thought it was your kinda price Poundashare?

I see.. It's the 8B2 section, where it lists some of them as 'Equity Swap' rows, together with the statement in point 11 right near the bottom of the RNS notice.

Fleccy - Well you got pretty close there tbf, rounding would have been where the count drifted out slightly...

Of their total positions are we in agreement MS are most likely loaning out 136,790 of them to shorters? (It looks that way to me).

Good point Fleccy and scrolling down further I spot it says: "Of the total voting rights attached to shares in Section 8A, 136,790 (0.001375%) of these are the result of stock borrowing agreements."

Latest RNS seems to confirm the loans to other interested parties (see Equity Swaps in section 8B2) which can include parties with short positions.

AimMaster2018 - Good Q... I actually haven't yet made a loss (trading since Dec 2022) but... I absolutely do expect to book losses and I'm not taking anything for granted. My wife has booked a loss on Synthomer though, quite a sizeable one but not outweighing her other profit making stocks which saw her through.

IDoMyBest - was literally just typing out I think they're loans to short sellers but... in a longer way haha - I'll save the waffle!

GoCPI - Press ahead and short BT, you'll have company as UBS seems to have encouraged others to do so too... probably gains there to be had in short term imo what with others getting in on the action! - I'll be keeping on buying BT tranches on the dips, where I see value. I don't short stocks, as I'm fairly new to investing and cannot stomach the risks of short selling. So far I've had a good run though, 10% profit on a fairly hefty TUI stake plus 20% on Currys before that too, they netted me my biggest gains but other stakes have helped me out too.

Broomtree - Nope not yet buying CPI, I recently bought another BT tranche to add to my existing stake, I may buy another one if BT SP hits my target area... There's possibility I could pivot towards CPI but... I'll wait on another batch of UK economic data ahead of the bank rate decision next week at the very least, and much more likely I'll wait longer until the next set of CPI results to see what those look like.

It does look as though it could rise up towards 16-18p on short term optimism ahead of next set of results.

Interesting those on Halifax have until 15th May to trade Tui - the very day of the next results release. Surely Halifax could have made effort to improve their timing?

Hi Trisor, Capita is currently losing money YoY, if the trend continues it'll weaken the market capitalisation value of the business, which has already suffered considerably due to YoY revenue reductions from nearly £5bn in 2015 down every single year hitting just £2.81bn for 2023. CPI may well have long term contracts but... there's little evidence they're proving to be lucrative, as else Revenues at the very least would have stopped falling.

So imo CPI has to generate some entirely new business, take some business off from its competitors, or make gargantuan efficiency gains with enough magnitude that as a bare minimum the revenues stabilise. Naturally this is way way easier to achieve in a growing economy... now Chancellor Hunt said at the despatch box when he presented his budget figs said OBR expects UK economy to grow 0.8% this year and 1.9% next year... problem is that is not happening. Growth has fallen short and debt is higher too. So the cards are sadly imo very stacked against CPI and other struggling businesses too. It's less of a problem for businesses with better financials.

Administration is not just an outside possibility, it's a very real possibility if demand is either weak or falls through the floor. That's because cuts can be made by a business to become more efficient... However, few businesses can weather full blown demand collapse, which is where I believe UK economy is heading towards, at full steam ahead right now too.

Trisor, I don't think there will be a global crash, a correction perhaps but because USA economy is very strong the Fed should only need to carry out a little trimming of bank rates to gently support the strong economy. I don't think they'll need to make rounds of steep cuts to keep the wheels turning...

Conversely UK is looking very weak, many more cuts will be needed to support businesses and demand but the weak £ will prevent BoE from delivering the number of cuts required to properly support the economy. When BoE makes even a small cut the inflations will return with considerably more gusto than anyone anticipates. BoE will be stuck between a rock & hard place, the result being a whole heap of pain as few will feel any benefits from MPC decisions.