Member Info for stockman00

Taking a hammering today and if im honest i dont see the merits of supporting the SP with a buy back as we are spending money trying to artifically defend the SP when the dark forces will ultimately take it where they want anyway in what is a perpetuating circle of churn. Id much rather they invest the money on a complimentary acquisiation that we add trunover and margin that may actually deter the shorters from this aggressive and total focused attack. Expect the bots to stop shortly and let the SP apprecaite before the rinse starts once agin...

Just a quick question if i may, Are the shares the are bought back by the company cancelled of held in the treasury ?

Early days yet after only a few days positive trading but maybe our constant drip seller has made their money shorting on the way down from £8 and is ready to start buying back up towards the riich period of reporting the sector is approaching.

Fingers crossed.

Some sort of gudance cant come soon enough as the selling pressure is a constant drip.

maybe having chased us down with a short position theyll turn the bots round and coin it in on the return to realistic value having started accruing stock . Who knows in this murky shark infested market.

A good update in Feb and surely a rerate will start even if certain parties try and hold back market volume....

When should we expect the next quartley update ? the constant pressure on the SP is relentless and we;ll soon break £5 if we dont find support.

Morning all,

Is this the only discussion board for WTG now ?

Previously i thought there were a couple of live chats ?

Is there another live thread for WTG or is all live discussion on here ?

Whoever is shorting are taking a nice fee for loaning the shares and will let the price become supressed before the shares are returned before the buy all the way back and make from from aspects of the actions. They arent ging to destroy the value of their own holding. The company with a buyback or some of the II's could put a squeeze on but rarely does anyone get caught holding the baby with a short squeeze and freindly brokers often help the exit. Blackrock and alike previously known for yaking short positions in their own holdings.

we can hope but rarely do you ever see prices spike when shorts cover and most have a friendly broker helping them exit any positions.

Im expecting the SP to climb with all the speculation of interest , trading performance , profits , threat of buyback, Core investors protecting their interests etc etc

Agree we arent going to go cheaply and arent in a fire sale . The recent actions could be the start of a softening up while accumulating shares or coincidence but other entities will start taking note now and see we have cash in the bank , in a sector going places with great growth and margin.

any of the three below are most likely to happen :

1) recent news deters the shorters tinking there wont be much more downside and a chance of being caught with pants down with leftfield news or buying pressure.
2) Company stats buyback programme and as above shorters exit for easier money elsewhere and SP climbs again.
3) Company become target of a bidding war as entities take postions whether company starts a buyback or not.

All the above help support the SP. the only downside being a sale before a we rerate to what should be a much better SP albeit any sale will be much higher than current position.

Time for the brave to accumulate...

similar happens on dual listing shares on the ASX and AIM where there is obviously no overlap on trading hrs.
Even without dual listing there never appears to be short squeezes where shorters get caught with news thats spikes the shars and they always seem to make orderly exits.

Brokers arent always the most ethical either ie forcing discounted placing , loaning shares, shorting positions having issued inflated buy rating etc etc.

This will blow over and when the hedge fund has squeezed loose shares out and made easy profit / margin they will move on and copany news / results will dictate the direction of the SP.

NB the fee to loan shares can be as much as 10% so a lucrative position knowing youll have youre shares returned and often the entity will buy heavily knowing they have created a discounted SP and without shorting will ride the rise back up.

Short interest itself isnt unhealthy or a concern ( only for companies looking to raise money , those already on the ropes or massively overvalued none of which bracket we are in.

Theres no concern and its all part of the cycle...someone sells and someone buys. We've just had results which are solid and in line with what we;d expected so some are taking a quick profit having made 15% in the last couple of weeks.

In terms of directors selling etc , people are obviously locked in closed periods so cant sell or have the same desire to take some profit as most shares holders do for either financial or tax reasons etc.

Theres will be some churn for a week or two but expected us to be well over £8 in a few months.

Whilst im over exposed here already probaby like most ive been hoovering over the buy button for the last couple of weeks especially after the little tree shakes where the SP has been taken down below £7 but withstood the urge to buy more. Even first thing there was stock available from £7.49 all the way up to £8 in decent volume but looks like the market is now waking up and realising the previous quarter results werent flash in the pan and we can expect more of the same going forward. Company generating large amounts of cash. Kicking myself for not adding further as theres been almost 20% upside in the last week alone.

a few traders buying in ahead or results or leaky ship ?

Good recovery from this morning little tree shake and expect renewed interested and appreciation of the SP after the 11th.
Longer term company clearly going in the right direction.

lets see what the market makes of it very shortly.....

WHATS IT OPENED AT ?

Any reason for the drop the last week or people just banking profits ahead of results ?

I took 1000 shares this morning at £7.70 on the weakness and expect we'll be into the £8's again within the next month...