Member Info for wealthtrasfer

This is US Data only

Https://fintel.io/ss/gb/nex

A lot of shares are lent out unwittingly. Hidden away in the small print of trading accounts the likes of Freetrade etc... who make up their margin that way. When the shares are tightly held such as in NEX there is a big opportunity to short but also an equally big risk that the tide could turn very quickly.

You can see the attractiveness to the Hedge Funds in exploiting opportunities. This is the current annualised interest rate to borrow NEX shares!

Last update: 3 minutes ago

Date Start Min Max Latest

2023-06-06 0.81 0.81 0.81 0.81

Heres 8 days worth. If you want to check out against SP movement don't forget the timestamp is not GMT, so use the 'Last Change Time' to work out GMT. Last update: 13 minutes ago

Time Since

Last Change Timestamp (UTC) GB:NEX Short Shares Availability

7 hours ago 2023-06-06 05:38:29.535 9,100,000

8 hours ago 2023-06-06 05:06:09.903 8,700,000

4 days ago 2023-06-02 06:23:55.982 9,100,000

5 days ago 2023-06-01 06:37:37.427 9,400,000

5 days ago 2023-06-01 05:32:25.748 9,500,000

6 days ago 2023-05-31 06:54:58.896 9,400,000

7 days ago 2023-05-30 06:31:14.972 9,500,000

7 days ago 2023-05-30 05:27:42.75 9,600,000

8 days ago 2023-05-29 07:28:59.152 9,200,000

8 days ago 2023-05-29 06:26:41.854 9,600,000

You can see from the table below that 300K-400k shares were lent out 4 days ago and then early morning today the same amount is available again in the pool. Could be more being added or some repaid. The numbers corollate roughly with Systematica but may be something else. Just posted in case anyone finds it of interest:

Time since last trade - Date / Time. - Volume of Shares Available to Short

7 hours ago 2023-06-06 05:38:29.535 9,100,000

8 hours ago 2023-06-06 05:06:09.903 8,700,000

4 days ago 2023-06-02 06:23:55.982 9,100,000

5 days ago 2023-06-01 06:37:37.427 9,400,000

5 days ago 2023-06-01 05:32:25.748 9,500,000

If you haven't seen it: Update is 27th July

Flip Flop - its all just a bit sad!

QD - I'll make it easier for you. You are quoting 'Total Liabilities': to show how misleading that is and therefore misinformation it includes some £900m of trade payables forgetting of course to deduct the balancing £800m of trade receivables. Then theres loans vs cash in the bank etc etc. Its absurd. Its like saying you are broke because you have a £250k mortgage on a £500k house, which is also rented out earning money that more than pays the mortgage and you have all the tools and materials on hand to extend it and increase its value further. Misleading at best.

QD - Net Debt . I assume you are quoting a number around all debts and liabilities and not the net position on a like for like basis, either current, non-current or combined. If you can state what your 'debt' number is based on it would make it easier to reply.

Manz, if you believe and support QD misinformation that is as far from realistic as it gets.

Different opinions are one thing QD but spouting misinformation is another. You have the debt numbers stated incorrectly and not for the first time, so can only assume that the misinformation is deliberate.

I think the debt is undoubtably seen to be the issue by the markets. Those, like me, who see it as manageable due its structuring and growth in underlying profit and those that don't. Look at SAGA it bounced, TRIPLED, very quickly from its 60p low when they announced selling off a chunk of the crown jewels (insurance arm) to reduce debt. But they were in a more precarious position that NEX with less cover and higher risk. I suspect the same would happen at NEX should they decide at some point that was the way forward.

Cant argue with that. Wish I had.

GS, your view is certainly an extreme one. I hope you hold the short, if you have that position, until it reaches 50p as that will help a little in any bounce. My view is that the end is in sight and end of July will mark the turning point. To balance your view, mine is that it will be close to £2 by March.

As an aside, National Express have been planning the Mobico Group name change for some time as it was registered to them since Jan 22, so they've been thinking about this move since 21 or earlier.

Manz, they are not facts I recognise. The only part of the assumption that is realistic is that interest rates may well hit 6% and the market is wary of any company with debts because of that (and possibly the over paid bus drivers bit, in the UK anyway). The dividend is well covered and margin and revenue still improving so remains well covered unless there are new worldwide issues arising that we are unaware of. By lack of profit I assume you mean net pre-tax after amortisation of goodwill and not the underlying profit that is clearly there are growing? I posted a message about what I thought was one of the reasons that the SP wasnt holding up well with PI's and my main thought is that PI's look at headline numbers and not the underlying numbers which your point supports. My view is that your scenarios are not the reason the SP will go to 60p but not to say it wont for other reasons. Thanks

Manz, whats the scenario you are using to come up with 60p. Im not saying it cant go to 60p bu the scenarios I can think of are not of a high probability?

Must spell check more...

19th March 2020 at peak panic, 3 directors bought in at £0.97 in a show of strength that the sell off was over done and the business would survive. It's past time now for a show of strength from the Directors. Put your money where your salaries are and show some commitment and assurance to your shareholders!