Member Info for TheLongShort

Interesting strategy by IR to release the RNS after close. Giving shorters no chance to get out over the weekend.. not that we’ve been told anything new, but market should take this positively on monday.

why if the shorts are closing the price would get "held back" as has been mentioned numerous times?

I would like to see this hit 260-280 next week, but in reality I don't think a holdings RNS will give much of a boost as everyone is expecting. We were trading at around £3 before the bonds debacle, but with all of that sorted out + another American fund backing + news that VH will leave we are nowhere near the £3 level.

We may see swings of 10-15% daily which is great if you are trading, but I don't see any major upside soon for LTHs. Would love to be proven wrong though!

If there is a takeover offer, how soon do SH need to be notified?

I’m hopeful that this is the start of a big recovery most of us are waiting for. But, I’m also conscious of the fact that the board are liable for this mess in the first place; the bonds issuance was not part of a big strategy.. it was a mistake and a lot of shareholders have paid a hefty price for it. Let’s hope we are on the right track now but I don’t see a big jump from the 290-300 mark till results come out.

Shorter's will be looking to close out ASAP if they haven't already done so, only going to push us closer to that £3 mark!

I'll sleep a lot better this weekend if we can go above 200p!

Could someone help explain the concept of borrowing shares pls?

They don't need it to cover short term liabilities - the business has good cash flow. MREL is a regulatory requirement.

Assuming the bank needs to raise 500m by end of Jan, why do they need to raise 200m in one go if the demand may not be strong? If they had gone in with 150m this week they could assess demand, no doubt people would be queuing to buy the bonds in such limited supply.

Cud the fundamentals are still strong - it's just been a bad year for the stock with everything else that has gone around it. all it means is I will need to hold it for longer than I intended to, but a change of leadership can bring value growth instantly.

let's be careful what we wish for - the last RNS that came from them did not help market sentiment one bit. no point in making a statement unless it has the right intent and a clear message.

surely directors would have restrictions buying 4 weeks before results are due

where is the prospectus available?

I think the fact that the sp did not take a hit yesterday is indicating newly found resistance at the 170-180 mark. A good point was made yesterday that shorters are making comparatively less per % drop in a day than they did earlier in the week.

I think now would be a good time for them to close these positions out while they can, if the BoD make some sort of announcement (unlikely, but possible!) then we may not see these levels again, and we could rally back up to the 250 mark very soon. There is no new news to suggest further drops in the price, and SH have been very lucky that the media has not blown this out of proportion this week (thanks BoJo!) :)

If there was a takeover soon, what price do you think would be on offer per share?

I haven’t been following today’s events but have seen the price come to what it is.. can somebody summarise what this is about? The bond issuance story was out yesterday, is it just a knee jerk reaction or something more fundamental? TIA

It hasn’t shown any changes has it?