Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Have been checking and analysing the short data available on the FCA website on Micro Focus. It does appear that there are 5.66% of shares on short and this doesn't include the shorts owned by PIs. I am aware Shorttracker and Shortdata doesn't show the shorts if they are below 0.5%, but that data is also available below. So overall, it appears that 18,955,382 (based on 5.66% shorted shares) needs to be brought back, which is a big number. If the trading update is good, we can expect a short squeeze as many predict here. Percentage of shorts owned by various funds as below and I'm surprised to see Blackrock holding a shorting position in this share, despite being a large shareholder in MCRO.
Ardevora Asset Management LLP 0.47
Blackrock 0.27
CapeView Capital LLP 0.71
Gladstone Capital Management LLP 2.34
Jericho Capital Asset Management L.P. 0.48
Millennium International Management LP 0.01
Naya Capital Management UK Limited 0.30
Sylebra Capital Limited 0.70
WorldQuant LLC 0.38
For the first time after averaging few times in the last few months and deciding to hold, my investments broke even briefly for me today. Let's hope the upward trajectory continues and brings the long pending cheer to all of us.
Have reluctantly added a few this morning to bring my average down a bit instead of throwing the towel. Will wait for the update to come soon.
I have a sizeable holding here and plan to hold until it reaches £3.5 minimum. I will refrain from posting any comments here as balanced opinions are being misread for shorting. Infact i have never shorted any share to date and do not plan to short going forward either. Good luck everyone.
I hope you're right latpulldown, but general market sentiment will be weak atleast tomorrow with the announcement of the lockdown news. US elections with decisive majority majority for either would lift the sentiment and subsequently the news of the vaccine. Other observation i've had is that shorters have taken or increased their positions when the share price was at 3-3.25 range which caused the share price to fall so they sense some weakness in the business in that valuation range.
Although this is true latpulldown in terms of market focus, i dont think NETW will be immune to a general market sell off. But agree the downside here could be limited compared to other stocks in hospitality, aviation, travel and tourism sectors. Anyways, this share has been in the oversold territory already.
I honestly fear that this will become a similar story to Capita. Capita appeared undervalued right from £8, sold numerous parts of the business blown away £2bn through disposals and rights issues and we are now back to debt levels of £1bn over there with share price languishing at 24p with no free cash flow. Have looked at the board of directors page on Micro focus website and it doesn't instill a lot of confidence to be honest. Will ponder over the weekend and will make a call to on whether swallow the bitter pill. 35% down at present and no respite appears in sight. The fact of the matter is that they swallowed too big an acquisition and unable to digest over 5 years, leaving them with a mountain of debt to pay and still the business is not successfully integrated.
Looks like our BOD are in deep slumber. I hope this company remains existential and therefore the shareholder value before they decide to act, communicate and do something?
New to this board, but have followed RR for sometime. Just an observation, i have found JP Morgan analyst's assessment on the money thus far. When the share price was lingering around 230P, they predicted that the target price would be 80p which made everyone laugh, but we got there. Yesterday with the price around 80P they analysed and predicted that it would get to 30p, which makes me cautious. Also, some comments that this rights issue alone will not be enough and we might need another one few months down the line makes me nervous. Will wait for lower levels before getting in. Vaccine i think will be the only hope that will drive this up as the sentiment in general towards the aviation industry is extremely negative at the moment as everyone knows.
Is there no end in sight for the share price to stop drifting down? Its a pathetic investment that i've made.
Let the markets decide the value of the company and therefore its share price. I will keep adding on any weakness as ive done today as i think this company is very undervalued right now.
Im not short but neutral on this share, but i will put my money on a rights issue to reduce the debt levels, if the sale of ESS doesnt go through. I am definitely not sure where roughly £3bn they have raised in the last 3 years through various disposals and rights issue of £700mn has vanished leaving the investors royally shafted.
The problem here now is the material uncertainty imo for the business as was questioned in one of the analysts in conference call. If the sale doesn’t go through or goes at a much lower price it inevitably causes issues to the balance sheet that is already heavily loaded with debt.
It's weird that a shard like GGP has a market value close to £1 billion still no revenues is treated a star whilst a production cut here owing to a temporary problem is reacted so badly by the market. Frankly this market is being overly ridiculous at times and no rationale.
Does anybody think that Muddy Waters attack brought about a positive change in the way this organisation is run? I feel for LTHs who brought at much higher levels and had to endure the pain for long, but definitely this is now a much improved organisation in terms of management, governance, disclosures and dual listing with their market leading position in litigation finance.
Most airline shares have risen on Friday and they are showing positive after hours. Also looks like the coronavirus relief package talks are ongoing in US between Democrats and Republicans with a view to getting the agreed this week. Ignore the derampers they’ve spent all their time deramping across a number of airline share boards.
Read this article in CNBC: Pelosi believes coronavirus relief deal still possible as Democrats prepare new package
Is my thinking right that anyone who brought pre RI (£2)and taken the rights issue (at 88p) would roughly have an average of £1.32. That actually means they are already 28.5% down after taking the RI. This company will survive given their strong balance sheet now with the rights issue completed. Easyjet struggling will be blessing in disguise as that essentially means more business for IAG, Jet2, Wizzair or Ryanair. US Travel / Airline shares have all risen on Friday and i would not be suprised to see this rise as well. Not too long ago and time will tell.