Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Seems to have a hard time staying above 180p for any meaningful time. Always seems to be a sell-off early afternoon. I can understand why you're trading it.
Solid trading update and confident outlook. Should rise today.
Agree. Significant contract win. Surprised by the muted share price response. Hopefully the Q3 trading update on Wednesday will get things moving!
I don't think that's an accurate representation since institutions only have to report their net short position if it crosses the 0.5% disclosure threshold. Therefore, they can accumulate multiple short positions at 0.49% under different entities which falls beneath the FCA radar. Hedge funds are pretty smart at hiding what they're really doing. Not saying that's definitely happening here, but 'securities lending' does sound a little suspicious to me.
I'm a little concerned about the 'securities lending' mentioned in the notification. Does that mean Blackrock are lending their shares to other institutions possibly for shorting purposes? Could explain the recent weakness.
Credit Suisse raises Lancashire price target to 725 (675) pence - 'outperform'
Looks promising. Well overdue.
Impressive. Just need some Director buying to really get this to take off!
Here's an extract of what TCAP has to say about the cum-ex legal action in their final results. Doesn't sound like a huge source of concern. However make up your own mind.
"TPIML and Link intend to contest liability in the matter and based on legal advice and an assessment of the claim as at 31 December 2021, the Group considers it is able to vigorously defend itself. Whilst it is not possible to predict the ultimate outcome of this action, the Group does not expect a material adverse financial impact on the Group's results or net assets as a result of this case."
Flip side of the coin is there isn't any evidence of institutional selling or declared short interest, which indicates there aren't any major concerns about the cum-ex issue. I guess it's a question of whether you see the glass half empty or full.
Interesting news.
https://tpicap.com/tpicap/media/press-releases/2022/pvm-launches-its-first-natural-gas-and-liquefied-natural-gas-desk
Indeed. Pretty weird trading here today. Was down around 4% at one point. Feels like price manipulation. Wouldn't be surprised if it turns positive by the end of the day. Perhaps someone is stake building ahead of results? They're not getting any of my shares!
Every dog gets it's day so the expression goes! Hopefully we'll see bit of a recovery in the run up and post year-end results on 15th March. Expectations are clearly pretty low so little room to disappoint.
There is no support. Just when it looks like there is a small glimmer of hope it then falls back to hit new lows. The only way out of this mess is for someone to snap it up at a bargain price. It's going nowhere.
Agree with the comment this one needs a management shakeout. The share price really shouldn't be languishing around a 10yr low. I'm sure those institutions which took up the rights issue around 140p aren't too impressed either. The market is clearly indicating it doesn't have confidence in the current management team.
Or perhaps they've simply reduced to below 0.5% and this is no longer being reported because it's below the threshold.
Not sure if it's correct, but according to the Shorttracker website it looks like Voleon have closed their short! Here's a link:
https://shorttracker.co.uk/company/GB0009039941/
It's like pulling teeth but this is gradually turning. Just need it close above 200p to get through the psychological barrier. This deserves to be much higher with a strong and growing contribution from Liquidnet. Patience will be rewarded.
He's correct:
https://shorttracker.co.uk/company/GB0009039941/
I think it must have been a mistake. Going to 12% overnight sounds completely excessive. Not saying TCAP is being shorted, but definitely not to this extent.