Member Info for stevenmerrett

Spot on, this is what I have been trading the last 3 weeks.
The break out will only be confirmed if we close ABOVE 40p by the end of the week.
The trend is your friend as they say..
Good luck everyone

Shorts can be hedged or covered by OTC options, they aren't reported anywhere. Along with quite a few other financial derivatives
Ultimately the option writer (seller) will need to deliver the shares at some point, but they will delta hedging this on a daily basis..
I know everyone loves to blame the shorters for SP manipulation but it not as clear cut/simple as you as make it out to be.

Wadz, as you wrote . - clearly a strong shopping presence is appealing to the public after covid.
Remember HMSO have cut rents by 30%, regardless of footfall the rents are fixed. time and time again people on here keep pushing footfall but IMHO that doesn't influence revenue. When rents are up for renewal in maybe 6-18months time then yes that expands our cash flow but not in the short term.
as always good luck everyone

Lets hope so Wadz , :-). Ive played this range for 3 weeks now and added an extra 27% return on my core holding. Just sold the ones I bought at 36.10 last week. Im still long just de-risking like I do on these rallies. Lock in the P and Will buy back if it dips..
The UK growth was upgraded today,GDP was expected to be 5% now its expect grow by 6.8% in 2021 so I think that is giving everything a boost.
The trend is still up, the low's are getting higher now we need the highs to get higher as well..
Look to buy if it dips to 37.20 otherwise a slow and steady rise is good

So Part 2 of the Jigsaw has been released today. Rent collection is WAY DOWN than expected. Most people on this forum saying 70/75% of rents collected, when in fact its less than 50% of payable rents. Comparing it to other landowners I think this is poor IMHO. So now you have the actual numbers, and this will stop speculation and give the market some guidance to whats going on and some stability. Also look at the rents due in FY2020 (264Mil) compared to whats achievable in FY21. 227Mil. This is why the SP is where it is. When rents improve, the SP will improve.
Footfall doesn't always equate to more spending in shops, and more spending in shops doesn't always lead to more rent being paid. Markets tend to move on sentiment and forward earnings, HMSO should come good, just not yet with these numbers.
As Always good luck everyone.

The clever ones probably are , and they also sell and lock in their profit. Then repeat the action .
If they didnt buy the dips, we wouldn't bounce and if they didnt sell, there wouldn't be dips to take advantage of :-)
The SP has doubled in 3m's, like most 'recovery plays' the big move up is over for the time being, Just like RR. IAG, EZY, CINE,CARD etc
part 1 of the 'getting back to normal' is complete. Now its going to be a slow grind up, we need confirmation of what the markets expect and have priced in, to confirm another move up, along with steady growth.
We will know by end of May/June what the start of the recovery was like.
Personally I am reducing a lot of my positions in the recovery stocks and waiting .. The risk/reward for me isn't there at the moment. People/Markets get ahead of themselves and then you have these little 'corrections'. just like markets get oversold, it works both ways.
Look at a 3month chart, HMSO is still in an uptrend channel. So buy on dips and play the range. dont worry about the daily noise, (unless its something major. )

Sorry I didnt actually answer your Question :
what I'm trying to understand is have 9% of shares in HMSO been sold or have 5% of shares been sold.
The synthetic part just kind of disappears, the trade is ripped up (so to speak). It was only reported because it gave MS voting rights. But behind that equity swap is a whole load of other things hedging it. Repos' stock loans, `CFD's Options blah blah blah... which just gets diluted into the financial markets on a daily basis.
Thats the way I read it.

Sorry Ximtwo. I meant to post this. https://www.hedgeweek.com/2005/09/08/equity-swaps-alternative-trading-equities.

A bit of light reading on Equity Swaps :-) Part 2 give you an example. https://corporatefinanceinstitute.com/resources/knowledge/finance/equity-swap-contract/. or here https://finpricing.com/lib/EqSwap.html.
The RNS is about holdings/ Voting rights, so as you said MS would have held both physical stock and have synthetic exposure via the EqSwap. Now MS has ZERO. Blackrock on the other hand has 7%+ voting rights some via physical stock some via synthetic products. So someone will have to delta hedge that exposure.
There are loads of derivatives that give you exposure to a stock but not the voting rights hence they dont get reported so you only see the RNS when the total voting rights hits certain levels.

Most of the airlines offer discount codes for testing , I know BA and easyJet both have codes to use if you pre-book a test with their afflicted partners. Testing at LHR was under £50 last week when I checked , but Im sure certain Airlines only expect certain tests, and then you have the destination probably wanting a certain test as well .
Regardless of the charge at the airport, or test centre, the price NCYT will sell the kit for will be roughly the same. Its just a money making machine for the airports/test centres and the airlines will get a kickback aswell.

As Stonehenge said, you can achieve the same exposure with CFD's but you will need to fund the margin daily or you can buy a put option. Some say this is not a true naked short as if the SP goes massively against you , you can 'tear up' the option so all you have lost is the initial premium you paid.
Not sure if you are familiar with options but the Strike (SP) and maturity date will play a factor in its initial premium.

M001a , it was an educated guess based on price action, and I think the market has gotten ahead of itself. Last week I queried why it was going to jump today - I didnt get a valid answer. This market is long and expecting a rise which is priced in, hence why I decided to lock in some profit and sell some of my position. (Some not all)

My original post stated - going forward I know which posters know what they are talking about and which ones just constantly push the same narrative with no common sense or research.
Just reading over the posts whist Ive been out has confirmed my thoughts.
I havent bought all my shares back yet, and Im not short, Im not going short, Im still long and I've taken some profit (at 38.70ish) on some of the original position and hope to buy back at a lower level. If they rocket back to 39p great.
As I posted last week, in 3 months I think the SP will be about 55p,.. There is a UP trend line forming , so keep buying on dips
As always good luck everyone

Hello Toxicfrog.
Only ever met 1 other (outside of my family) a female English teacher in Malaysia.
Many years ago I decide it would be fun to 'friend' all people with my name on FB (about 7 of them) but I got totally confused when they posted as I sore My name with there picture, just freaked me out..
Sun is out now in N London, off out to see what carnage is going on out there. not looking forward to it..

Gusto1, its lower so YOU can also buy at these levels, surely you must be happy you can gets shares cheaper than Friday:
These are just some of the 116 posts you have made on HMSO in the last 30 days.

Should see a serious up tick tomorrow as its the last trading day before the April 12th...
Then Boom.! I expect 50p+ April 12th...
Good luck LTH's

These shorters are scum!
Hope they all burn.
The SP is going Up only....
Buy now or regret it..

MMs playing games again... Loading up before the next leg up!
Our patience shall be rewarded....
UK staycations this year....
Lots of disposable cash waiting to be spent in HMSO owned retail parks...
40p+. Soon

FYI they were bloody cheap at 35.50 - I hope you bought some

* and I would guess in the next hour we get posters saying :

Why is the SP dropping
I wouldn't want to be out of this SP
Its all the shorters fault
going to top up now its a great level. :-)

If you want to support the SP you will need to press that buy button on your trading platform.
Good luck everyone

Im so glad I didnt listen to all the rampers on Friday about how the SP is going up today on the Glorious 12 .
Im NOT here to gloat, but going forward I know which posters know what they are talking about and which ones just constantly push the same narrative with no common sense or research.
I sold some of my holdings on Friday only 3.5K shares , and will start to buy them back today in small amounts between 35.50 and 34.50 lets see... I won't buy at the bottom and I won't sell at the top
Play the range and buy the dips.....
And before people jump on my back, call me a dreamer etc etc. - this is a a forum to discuss the SP, constructively/no abuse and not to have a one-sided narrative.

slow and steady rise is good, been in this for 6 months. Surprised its not 450 ish by now.
Buy the dips and lets wait for the next set of profit figures to confirm things

I hope people know short equities can be covered/hedged with OTC options, along with other financial derivatives. I would guess that shorting HMSO would be also part of a recovery strategy, where you are long most other retailers in HMSO buildings. Next, CINE, Card Factory, most of the Fraser group stuff. as They are the ones making the money and then have to pay HMSO later in the year. If they can. Also remember Goldmans and BOA have HMSo at a price target of 20. (I dont agree with that but some will)
Shorts can be healthy for a market, if the SP tanks, instead of playing hot potato ,where buyers pass it to buyers and push the SP even lower, who is going to buy your shares from you ?? The person who is short !!
If you think HMSO is going to do a GME due to a small 6.7% short stock, think again. GME was 100% shorted when it had its rally .
This board seems to be getting a lot of posts from the same people who think April 12 - Which is priced in - and Shorts are driving this market !! They are posting the same thing daily, next it will be I dont wanna be out of this over the weekend, or buy now news will drop soon.
Come on guys.. The short term recovery is priced in , that is why HMSO was 20p in Jan and now almost double today.
The same with CINE, CARD, most travel stocks, IAG, EZY, its priced in. Now its a waiting game to see what recovers and how good/fast.
Ive been buying stocks that have both exposure to Online and physical shops, that should cut down the risk a bit of a failure.
Off to enjoy the outside space before it get over run with consumers next week.. enjoy

I think HMSO has more potential in the value of its properties sites. The fact that it is looking to convert an old centre into 300 residential flats is great and shows the company is exploring other avenues of income.
Buy the Dips and in 6 months I think we can be around the 55/60 level

I think most shorts would have been closed on the spike to 42p a few weeks ago.
There is always risk to the downside, France is NOT opening up. NZ have just stopped all flights from India, its a good Job the Uk doesn't have any connection with India - Ah yeh.. all those Dual nationality Passport holders free to move between Uk/India. So there is always a risk dont be - so Naive :-). Also Herd mentality is what is driving the markets ATM. FOMO those people who didnt want to know at 22p as the world was going to implode, now at 35p they cant get enough !!!

My concerns, as I have said before, when HMSO opens up for business how does it make more money ? more footfall hopefully means more spending in shops, so the backdated rents are paid etc. But if HMSO have fixed the rents for the next X years we know the future cashflows, more footfall means more up keep cost ? Toilets, carparks etc etc..