Member Info for smalltimeii

Hehe called it but you were more conservative with your hindsight guesses today, are you ok?

Price is now below open, I'm sure Valueplay will be here soon to offer some words of wisdom on how he increased short at 409 today LOL

Yes there very rich clients that made £6 per share last month when the said 1000p....oh wait!!!

Valueplay returns as soon as share is down as expected! In other connected news sp is up 20p since the strange open

Those short increases at sub 300 must be hurting, speaking which not heard from Valueplay in a few days (hardly surprising on a rise) assume he will be back at the first sign of downward movement to brag about increasing his short at the very peak of the rise and how it's going sub 150 anyday now lol

Yep Cable and wireless with hosting a perfect example!!

Just click on his name and it will show you a full list of his predictions!

Doesn't matter if you saw the rational or not, Shorts reduced. Again your predictions are far off the mark. Good luck with the shorts but close out soon seems you're waiting for the squeeze, never a good plan!

Your Hindsight is exemplary again Valueplay, can always bank on you appearing with and increased short on days where the share price is down!

Thanks, makes sense then, just thought it was an odd movement. But here to hoping it's positive going forward, seems pushing below 340ish is looking unlikely or at least the support looks solid!

"It’s not Ahl offloading, that’s not how shorts work and their 0.01% increase yesterday is only 83k shares."

My bad, I thought you had to report short positions when you loaned the shares with the intention of short selling as opposed to when you completed the sale.

Very briefly dropped to 345 but instantly bounced to 350 around midday, looked like a large trade maybe AHL offloading the 0.01% the increased yesterday to no avail?

Looks like markets rejecting the return to 340. Expect another short reduction to be recorded tomorrow. How's the imaginary short position holding out Value play?

Thanks for the link, managed to locate it at source (www.londonstockexchange.com) not sure why I didn't do that to begin with doh. Probably time for me to clear internet files and Cache!

Found the RNS on the Stock Exchange site. 25mil hit from the cyber attack but expecting insurance to cover a material amount of that impact but will be some as yet unspecified costs (assuming step up in cyber security and additional resource associated with dealing with the shut down and phased re launch of services.
No way to yet assess the impact of COVID-19 but likely to have a impact as it is doing everywhere!
So not much to report.

"clean audit report" and "PwC", technically they were not in the same sentence but still.....

Can anyone see the RNS, site is showing a new one but only those from the 19th are displaying!

15LIVES - Agreed, I suspect they would also want to delay a bid if there are further parties to limit the time any bidding war will have to play out. As you stated earlier AAL are probably not happy their Bid was "leaked" when it was.

Yes I have seen maverick the underdog always wins or something.

"the Board of Sirius has indicated to Anglo American that it expects to be able to recommend a firm offer for Sirius if made by Anglo American at the price set out in the Proposal."

What this tells me in simple terms is the BOD did not want to dismiss the offer at this stage, whilst the review is ongoing. If it turns out that a 5.5p bid was the only option the BOD would have failed by dismissing it, by string AAL along with a very loose statement that they maybe, possibly, could, might recommend the offer keeps them at the table.

This achieves a few things,
Firstly it keeps a viable alternative (IMO worst case scenario) on the table for them to fall back on if all else fails.
Secondly it ensure they have upheld their obligations to the SH if it does turn out that way.
Thirdly it publicises the fact they are considering offers which could draw other potential bids out, speed up bids from other parties conducting due diligence and adds urgency to any other parties interested in a strategic partnership or providing funding for decent returns, royalties and equity etc.

It is also well worded in that it also states that whilst AAL have put caveats in to potentially lower the offer, the BOD will only recommend the offer if it is 5.5p as set out in the proposal, limiting any downplay by AAL.

WOW so much certainty on this board with zero evidence mostly stated as fact not opinion.
What we know so far.
1) SM BOD are conducting a strategic review and will provide an update at some point. Nothing to say this has stopped and would be massively incompetent if it was just because someone state they may or may not make an offer.
2) AAL are considering an offer at 5.5p or less. See RNS nothing guaranteed at the moment.
Things I am picking up on that are not true but rhetoric here would have you believe otherwise.
1) AAL is the only viable offer - Could be numerous interest parties, could just be AAL. They may not even follow through with the offer.
2) We are in administration with out accepting the offer. - The strategic review is still ongoing nothing to suggest other alternatives are no longer viable. AAL are making noises to table a firm offer but there were other parties in discussion over a strategic partnership, we don't know who they are, if AAL was one of them. As there is no announcement we can only assume DD is still occuring with these possible suitors.
There are other routes out of the hole that may or may not come to light until we see the outcome of the strategic review.

No company or BOD would ever view a potential offer as a certainty and so in this scenario we can fully expect that everything in the strategic review is still occuring as it was.

The only difference today compared with last week is the SP is now a little higher as is always the case when someone makes noises to buy a company at a higher price than they current Market Cap.

As is always the case and is still the case here: "remember that investments can go up and down in value"