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Spreadex have 3.56% of Prd at 4p a share and own 7,027.000 shares, so just over 7m shares
I am no good at big numbers and correct me if i am wrong , but looks like spreadex has invested just under £300,000 (280K i think, That is now worth 105K if they sell on monday

The question is , If we have a short open and spreadex has loaned the shares, How long would it take to sell those 7 million shares on the open market .

This is doing my head in trying to work it out.

yesterday the large sell was 500,000 shares selling at 7,600 , Thursday Large sell was 680,000 selling for 8,568 (the seller sold at 1.26p) Wednesday the large sell was 750,000 selling for 11.25k , So that is just under 2 million shares sold which is 1% of the shares of the company. So over those 3 days, the seller has sold 25% of Spreadex shares and this has gone on for weeks. The seller must be out soon. Thoughts !!!!

Mr Market Maker , You said that the seller doesn't need to buy the shares back on the open market, But he does need to buy the shares back to give back to the lender. How would he do this?

https://money.stackexchange.com/questions/95466/sellers-wont-sell-back-shares-in-a-short-sale

Great post Mr market maker, regarding the person shorting, he will need to buy back the shares at some point,.
It looks like he is doing 2 things, he has a short opened and also the t trades.

Took this of Google

Short selling is a fairly simple concept: an investor borrows a stock, sells the stock, and then buys the stock back to return it to the lender. ... If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. Short selling is risky

I bought into this story 2018 and I am not jumping ship , 3.5 m in the bank and it should still be in the bank for when the work starts, I think Trinidad is low cost .. I cannot get my head around the sells most mornings, if I was sitting with a large amount of shares to sell, I would want to sell them that day, so someone is doing it intensionally. Need to check what spreadex bought, without looking, I think it was 3% . Not good investment to be honest. Unless they have loaned the shares to short, but then they need to buy them back unless the company went under which it won't with money in the bank. But if they do need to buy them back, then the share price would jump back up. I don't know, but I have written off the money, so anything is a bonus

If they post something after an important post, just repost it so it remains on top. Might be a 1000 posts by midnight LOL

;-)

Its a open forum to debate Bottmzup, Anyways , Its the weekend , So i will give you the weekend without me posting unless i have to defend myself ;-) Got a load on with decorating

Hertstrader74 I emailed Paul regarding this issue a few weeks back and i told him that he was the biggest looser and that he needed to see the broker.
Its totally wrong in what has gone on and i blame the broker for todays SP, even though you cannot vet investors, but if it was over subscribed (Like they all say) maybe they could have been more picky on who was getting the shares, Spreadex freaked me out when there TR1 popped up

Cozzy, Why pay £12 when i can pay £3, thats £18 on a buy and sell, Why give HL my money.

Count , i will be back in bids once funding is done even though my dislike again the captain

count, All my shares in my SIPP are long term.
I trade from 2 accounts , HL (Sipp ) £12 trade, So pointless trying to trade from it , IG B&B Isa , £3 trades, So trading the FT with IG is cheap to do and your not getting the big spreads .
If anything , it passes the time away

martbmth , So far your the winner of the quote of the day "Congrats on your 15 min mile. My late gran could have done that quicker on her frame." Love it!!!

This year i managed to break my record of 3 miles and did it in 38 minutes. Living in the lake district, we have some great walks, Only thing, when i get bored, i come on here to chat to my pals but end up winding them up.
Regards investments, there has never been a better time to buy cheap shares for the future, I feel like a kid in a candy shop but TBH, I am giving up on aim, Aim market is a easy way to loose money and i have written off my aim investments, NFX , Waste of time and down on it like others

my PF is now spread over 18 stocks, buy low sell high, yes we all get a dog now and again, Plenty in this chat sitting with a dog, You cannot get it right all the time.
You pay your money and take a chance in this game , But no more than 10% on any one stock, Never over expose. Guess a few here are over exposed

martbmth , looks like your having a bad day, Maybe your in shock about not seeing bids at 38p or something.
For me, Glossed 4 doors, 3 mile walk in 45 minutes , winded up the count and by the looks of it i have winded up you too, so i have done quite a lot, Oh , I managed to sell RTO on the bell this morning, 24% profit in the bag over 2 days
Market Rentokil Initial PLC
Period -
Level 391.1761

how is your trading on your 1 share PF

Morbox, Hope all is well with you, Do you post anywhere else and will catch up for a crack.
Watching for a good dip here so i can average down, i should have bought at 28p, but wanted 25p for a nice round number. Doing OK on other stocks.

Look for a non used chat and send me the ticker

Yes, stopped, Saving money .

I just do not see the sense in selling at this price, even for someone with a short, You would think that who ever is selling wants Max buck for there money.
If they are shorting and need to buy back again, the SP would spike due to the amount of shares they need to buy back and they will be out of pocket, OK doing it on a company that's got high volume , but not on a share with a few trades . Maybe its just Joe blogs who has had enough.

Good luck

My mistake on buying last week, I should have bought more , Boo has been lucky to me and pleased to be able to buy back on the cheap. Remember , Boohoo is cash rich

‘you can’t give financial advice, you still haven’t even finished the three piece jigsaw you had since Christmas

Boohoo should be bringing out a new range of clothing called the sit around home clothing with days of the week written on them. ??
Regarding warehousing, Boohoo invested a lot of money in to warehousing which cut down the number of staff needed plus Boohoo is one of the better companies regarding staff welfare. Social distancing can be done, but then you get the odd ones just complaining for attention and the nuance factor, seen it and with the virus, the media are quick to jump on it, regarding Boohoo, the supply route is there biggest issue, but to be honest, if Boohoo cannot get the supply's, then it's less money that they are paying out and during the virus, Boohoo will be cutting down on what they buy in, so that will have a positive effect on any loss. Overall, Boohoo are ahead of the game and they will be managing the situation cutting down costs, supplies and they will not need as many staff.

Class hero, pleased that you have found a decent company to invest your money in.