Member Info for SpotTheNutters

Arsenal

I'm guessing there's a big chunk of that post missing ?

Using the Tennyson Securities read across value for WCAP.

At the current WSHP price of $ 145 per share, it equates to roughly 30.5p per WCAP share, which is over twelve times the current price.

Folks, just use the Tennyson Securities read across value for WCAP.

At the current WSHP price of $ 130 per share, it equates to roughly 27.5p per WCAP share, which is over ten times the current price.

PEEL, the robbing b.stard.s, as an example, on this stock valued at a meagre £ 10 Million, would have sponged £ 5k to £ 7k from the volume and margin on the bid / offer already today, versus their own stock, valued at £ 130 Million, where they'd have only made a paltry 200 quid based on the margin and volume, assuming they were the one's trading their own stock.

No apology needed Magpie.

I thought the same up until last week.

Steve

PEEL have already announced they're below 10%, due to their exemption as an MM, they don't have to report anything beyond that, unless, it reversed and went above 10% again.

Don't worry Davey, we'll keep an eye on the 'disorderly' market, courtesy of PEEL, with the bid / offer margin at 10%, while the margin on their own stock sits at 1%. 😀

Still, PEEL's price remains stagnant, market remains unimpressed, couldn't happen to nicer bunch of a.holes. 😅

Davey

I take it you've bought back in, on anticipation of another run up in the price ?

24 May 2025 · US disposable income per capita is getting close to doubling UK disposable income ($58k v $33k).

Mozax

"I’ve seen this before, where a dominant MM simply bores holders/traders out of their stock."

Getting close to that boredom threshold myself ! 😀

Auc1

Find the Tennyson Securities link for the WSHP read across value to WCAP.

It states the WSHP valuation at $25 intervals.

At $ 135, the Market Cap is roughly $ 1.5 Billion which makes WCAP share holding equal to 29p per share.

His Trade - 88,888

Tucket

I don't know and nobody knows what the 'below 10%' represents, whether their own Holding or nominee accounts.

Their reporting behaviour on late trades however, suggests intent, not endemic temporary amnesia.

Tucket

Regardless of their own Holding or holding on behalf of clients, as a main MM, the reporting of the late trades and timing of them is a shambles which I'm sure isn't just because they're grossly inefficient.

Cheety

You're right, nobody knows the number of shares PEEL holds due to their 10% exemption, highlighted by Profit (poster) but the other II is below 3%, which was reported in the RNS, it's the family office of Lennard Swartz in the Netherlands. They're not an MM so, they have to report down to the 3%.level.

Mining

It's an 11.8% interest in WSHP.

Holding % of WCAP in WSHP was RNS'd below:

'WeCap’s total investment in WeShop, both direct and indirect, represents 11.8% of WeShop’s Class A shares'

Answer is simple, they have no long term view of stocks. They're profit driven and take the opportunity to capitalise those profits as often as possible.

Fairly ruthless all round, they've just chopped 15% of their staff, and are now paying larger bonuses to the remaining staff for performance, but the overall wage bill has reduced.

If it's any consolation, PEEL's anticipated dramatically improved Results today, has left the market uninspired, much like their approach as an MM, and their share price has hardly budged, so Steven Fine the CEO, can shove that up his ringpiece.

Mining

Overall, a little patience will be required, or has been required up to now, due to significant Holders dumping stock to take a quick profit.

But a few points:

Holding % of WCAP in WSHP was RNS'd below:

'WeCap’s total investment in WeShop, both direct and indirect, represents 11.8% of WeShop’s Class A shares'

Secondly, the Tennyson read across value in their report, which also takes into account the £6 Million debt, at the current WSHP price is, 28.5p per share, roughly 12 times the current WCAP share price.

Thirdly, WCAP being on the Aquis Exchange, is not under the same regular gaze as a stock on an LSE Exchange, such as AIM or others, but more PI's may have it drawn to their attention once the share price starts to appreciate significantly.

Fourthly, the intraday price action on Aquis is based on the last traded price, whether a buy or sell, and the vast divide between the bid and ask on some trades based on their size can be significant, so the 'seismic activity' type intraday visual pricing behaviour scares some PI's off. The intraday price action on LSE exchanges is based on a mid price and gives a less volatile visual impression.

Finally, two significant holders have just been dumping over 30% of WCAP, summarised well by Chaka (a poster) below:

______

'Either way at some stage it will be gone and price will rerate. With the other seller a total of over 30% has been aggresively dumped, I think that requires around 100-125% of the cap table to trade to allow that to flow through, so must be very close now.'

Notification requirements aside, I think Chaka's synopsis encapsulates the circumstance well:

_______

'Either way at some stage it will be gone and price will rerate. With the other seller a total of over 30% has been aggresively dumped, I think that requires around 100-125% of the cap table to trade to allow that to flow through, so must be very close now.'

Profit + Tucket

You could both be right. Also, not sure whether the DTR5.1 rules changed after Brexit.

Started reading it and then started losing the will to live ! 😅 Will look at it another day.

Profit

They subsequently confirmed it in writing, it wasn't just a conversation.

I'll ask the question about any exemption on the 3% rule for an MM, but they already knew Peel Hunt are an MM when they confirmed it.