Member Info for share_monster

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.

I agree. From what I've read TCAP weren't the only bidder for Liquidnet. They must be looking at TCAP's share price with some interest right now. Who knows if they are even behind this short attack? I wouldn't be surprised.

That's a staggering short position! The share price has been driven down for months and as many have noted here (including myself) there have been some unusual trading patterns. I think it's likely they have been accumulating this position for a while beneath the radar and I suspect they will do the same when closing after they've had their fun. They're just trying to spook investors imo.

Easy to be overly gloomy following today's price action. Might simply be some end of quarter fund rebalancing. Perhaps we will get a notification tomorrow. The news flow has been good recently with some positive articles about their strategy. I'm still a believer and think will come good with time and a little patience.

Indeed. Bizarre trading. Decent buying volume. They're having to work harder to hold it down. I suspect we'll find out what's going on shortly.

Something fishy going on here imo. Every time there's some buying it's immediately followed by lots of small auto trades pushing the share price back down again. Someone clearly wants to hold it back for some whatever reason. Time will tell.

Surely if there was a short seller accumulating a position or an institutional seller we'd have seen a notification by now? The share price has been in steady decline since early March. I'm going to sit tight and wait for the bounce. This will require a little patience but should be rewarded in time. Way too cheap on a forward P/E of less than 7x. As already mentioned by others the share price is effectively valuing Liquidnet at zero. I'm sure this won't go unnoticed. Perhaps it's even the reason for the decline?! Something to think about for those spooked by the rapid slide. GLA.

Agree with the last comment. There's a lot to be positive about here. Nothing has changed since we were at 260p in March. I'm not seeing any institutional selling, just small auto trades. In fact there appears to be more buy trades compared to sells. I think this is just an extended tree shake. I'm confident this will turn sharply soon.