increase over the last couple of days. If these 100000+ sales are genuine and not pre- arranged the sp is holding up remarkably well. IMO still a solid hold / buy, this company has a nice niche in what should be a growth area.
The shorters are still in a hole here. Looks like they opened their position @ approx 1500 . They are still trying to reduce with about 2.75 million shares still outstanding . They are buying back at a loss . Don't you just luv it , a positive update and they will get well and truly toasted.
that is one heck of a number for the bond issue. Congratulations to the management, never been a better time to raise debt finance and if successfully floated will will expand the horizons of this company.
Where would it be better to park dosh ? Here @ 1.75% or ITALY@ a negative number . Not to difficult is it.
Hello SHARGAR. ( John )
If you google www.shorttracker.co.uk you will find a site that lists all hedge funds holding short positions in companies.
Odey asset management have reduced very slightly , but there are still approx 3.2 million shares to be purchased back if the hedgies have to close their positions.
With the relatively low volumes being traded they would have a very big problem to close out without substantially raising the SP .
I actually sold @ a slight profit but i still watch this . IMO a very solid company , the recent falls in sterling should help because the products should be priced in US$ and a very strong balance sheet .
If the company comes out with a positive update the shorters will be placed in a very difficult position. I might buy back in again on any falls.
ATB
Seems to happen a lot check out sse & cpg . Be very interested what happens tomorrow . I tried to buy cpg but the cheeky B's offered a price minus the div.
for future earnings / growth, and you get a div . Has to be a buy. Mostly thinly traded so strongly held, can surge with some more positive updates / contracts.
increasingly coming to the conclusion that the " report " is a stunt to enable shorters to exit at bargain basement prices. I am long here and I will be adding if there are any further falls. I take comfort in the fact that institutions have recently been adding to long positions. I believe that the following points are based on commonsense rather than bias
1) They admit to a short position . What about some transparency , what size is the short and when was it opened ? They might be short one share.
2) The "report" is marked private and confidential so how did tw gain advanced knowledge of it ? This obviously smacks of collusion.
3) Assuming they are short how likely is that the "report" will be balanced and fair.
4) The reason for the change of auditors was explained by RNS on 6th March 2014. Competitive tender of three of the top five auditors is a thoroughly acceptable reason to change auditors and is easily verified .
5) Are they stating that the new auditors are party to fraud ?
6) Are they aware of the catastrophic penalties that can be inflicted on auditors by the regulators if the above is true ?
7) Do they not realize that the auditors will be aware of the controversy surrounding this share and that they will be very eager to double and treble check the accuracy of the audit ?
8) GBO is a British listed company . Would their accusations not have had more credence if they were made within a British jurisdiction ?
character really should get his story straight , he complains about the amount of cash on the balance sheet then attempts to cast aspersions when they attempt to spend it !!
He complains about the change of auditors without explaining the reason for it , which was that the work was put out to competitive tender and the best value auditor won. Seems utterly reasonable to me !!
He sites QPP as one of his successes . No doubt he was a zero pence nay sayer . This company has the best part a billion $ on its balance sheet and is presently in the process of returning ( hopefully ) + 1£ / share to holders. This was one of his successes , what of his failures !!
Personally I rather hope this sp hovers quite low for a few months. More buying opportunities and it restricts the shorters chances to rinse and repeat . Meanwhile they will be paying juicy fees on their short position.
Spikeyj My post was referenced to Jolly if he is incapable of making a reply by erm lets say Monday I am more than ready to enter into debate with you. i would value your opinion ,but I would prefer one from Jolly . The other relevant thread is US
Hi Jolly thanks for reply. Pretty obvious why the points refer to you . If somebody in any walk of life was utilizing my name and I was aware of it and I did nothing about it by default it becomes my problem.
By not refuting his posting you by default are acknowledging its validity.
Try and wriggle out of that.
I await your response.
Jolly thank you for your reply. Some comments ---
How do you know I have not added?
How do I know that you have brought @25 and sold @ 29?
Am I interested?
Have you answered the main slant of my post ?
Which was that you are tainted by your association with the pond life. You have not addressed the fact that they are taking your name in vain and riding on your coat tails . You have not answered my post and remain tainted. My maths tells me that 10p is + 300% . Kindly address the 10p / 17p/ 20p references from the pond life utilizing your name.
rates no change, should ease the GBO negotiations for the bond issue. What a farce the supposedly independent central bankers in their haste to back up flawed government policies have backed themselves into a corner they cannot lower rates and now they have come realize that they cannot raise them!!!. What next ?
To change tact, this board was infiltrated by pond life earlier in the week I have filtered the main offender so no further comment in that regard since no right of reply.
However the respected poster Jolly does not come out of this smelling of roses. The pond life have a need to bounce questions off him, example ~~~~ downside 20p JBM 10p . Whats the free carry Jolly 17p .
I can find no confirmation from Jolly with reference to the above figures equally I can find nothing to refute them . Whats the score Jolly are they taking your name in vain ? At present you are approx 300% incorrect. Distinctly unimpressive,
From the title of your post i think I know who you are referring to. Just filter , the poor guy has an ego problem no doubt boasting about the fortune he is making . The only time I have used the filter .
Yes Spikeyj , fair comment. I also have doubts about TA and only refer to it rarely . After all if it actually worked there would be no point in the market especially on AIM , probably has some partial use for large cap companies on the main market which are less vulnerable to wild swings.
Personally I am not too bothered by falls here . I try and take a long term view for any share that I buy into. Have held some shares in excess of 25 years ( South African ) OK the recent Rand weakness has been a bit of a blow but most have paid for themselves many times over from div income.
I have got no confidence in the UK economy anyway . Don't believe anything they tell you.