Member Info for Stupmy

I agree NSS, balance. You should buyback when SP is nominally low. Divis are important to pay us while the SP is against us (hard to predict POO and gas). Debt payment is essential, I think management have to balance looking after SH's, debt and buying back (which I agree with Dan has very little rapid correlation with SP; SP governed by so many other factors). Eventually, management balancing them all will have us back to and maybe even above 360

But if management feel that buybacks is the way forward, then it's best to be doing them during periods of nominally low share prices

I'm all over the place like a mad woman's knitting today and haven't much time to check things. As you say Mike, that seems like a stretch. I suspect that there's something else. What happened to the FTSE today? That was a big old drop (same with US indices).

Ok, thanks Mike. Big drop.

What's the cause in the drop in Brent? I was not expecting that.

It also looks to me that there have been no declarable short positions on FOX for a few years now (2019 was the last I see).

I'm not sure I'm asking you the right question with that 5eights as you said it cost 13.9% (is that pa?). I didn't find that, but if I'm close to understanding, then an increase in the cost of borrowing the shares eats into the potential profit of a short. So the higher the borrowing costs, the further and faster a the shares need to drop to give a good return. If they drop is small and takes time, the cost pa can mean the trade is a loser.

Is that what you're talking about?

If it is then a drop from 13.9% pa last year, to 3.79% today (even 0.65% in January), suggests it's now a lot cheaper to borrow shares which favours short entry if someone believes they have a good rationale.

If any of that makes any sense (please tell me if I'm missing it), could you tell me whether if you enter into a short at 0.65%, that cost remains on the borrowed shares for a set period of time?

I found your site very interesting, just trying to understand your point.

Are you looking at the increase from 0.65% pa at end of Jan to 3.79 stated for today 5eights? Any chance you could explain the significance of that to me?

Not particularly large, but maybe large enough to suggest there is no bad news to be published imminently.

16,586 at 2.11 for Ashley Martin (NED) and 771 at 2.06 for Tilly Heald (Company secretary).

Very encouraging to have this one outperforming after such a long 'dry spell'. Must be something going on as HBR is not doing the same thing and yet, it is theoretically less hindered by the EPL and has lower production costs. That makes me think (hope) that this is not just a response to POO. Probably just hopium, but it's been a long while since I've been running on hopium over here.

Tars, was the JPM view on OCDO's balance sheet suggesting no financing need for 3 years or was it two? I had it as 2.

Why do you say that patience? I can see a rising tl support that co-incidese with your view, but I can't see any evidence that price would drop that far (TA based). We seem to be in an uptrend. I could more easily imagine 460 to 470ish. I'm currently trying to trade it around the current levels. The reason I'm happy to do this is because I'm viewing the downside as likely quite limited. Finger in the air type stuff I guess, but the SP moves nicely.

With a lack of catalysts, a humdrum results RNS and a little negativity it's possible. Just got to hope that at some price, the buyers pick it up again.

I have shorts at 6.86% (shorttracker). Cloudsurfer, it's a good question and it confuses me too. I believe, that where volume on a stock is relatively low, then you could borrow the stock and sell it down with repetitive small sell orders. Under the right conditions, MM's (where they are present) have to respond to that to maintain the market. So where buyers are thin on the ground (maybe after some type of news event or a general sentiment) then those small sells can be enough to reduce the bid and increase the offer. I'm sure there's a lot more to it and I, like you, don't completely understand it. But, it's easier to bring a price down, when there are 1) underlying problems for the company or sector, 2) a perception of negativity for the company or sector (could even just be historical negativity) 3) low volume (can allow the offer to supress/remove the bid. For the moment, although I've been right to envisage lower prices/lower entries. I'm wrong in as much as the consolidation was distribution rather than accumulation. I haven't changed my position, but I think my average is now around 250 which is clearly well off the money. A moderate dividend would currently get me back to b/e within about 3 years I guess, but that 's not really what I aim for in my trading.

I just did a quick search (google) and here's the link to that.

https://www.reddit.com/r/explainlikeimfive/comments/1j92sen/eli5_how_does_short_selling_cause_the_price_of_a/

FTSE is on a bull run, no wide spread crash. New all time high.

Reuters reporting softening of winter pricing. Demand, up, revenues up, but losses (as Thumper and others are alluding to, that's likely related to Milan/Rome.

https://www.reuters.com/business/aerospace-defense/easyjets-quarterly-loss-widens-amid-italian-expansion-2026-01-29/

That was one time too many for me QF10. Not sure what you're game is, but you're a bit too weird for me

I think you'll find, without much effort that his moniker is Trenners. For what it's worth I think there is a very good chance the SP will fall to 190 or below. That's not that far from Trenners guess at 150-160.

Well, almost inevitable now that if the price drips below 247.5 that we'll sell off to 240 and probably even 232 or lower. I'm still viewing it as a cycle of accumulation and below 232 I'll be looking to add to my holding. I'd love to know how stock prices are moved up and down. If I'm right and this is an accumulation phase, then you'd have to have a guess that these cyclical drops in price are achieved by clever trading of small packets of shares followed by buying of larger volumes. I have no idea how that works though and is maybe me just tipping over into some sort of conspiracy world.

Some buying coming in. Volume ok and potentially rejecting a move below 50 again. Goo news for holders.