Member Info for Wiscos

Ignore the UT. It's a balancing transaction mostly...

Someone's reducing a short or buying against them. Market strength is beating those buggers.

i like greggs although ceo doesn't impress me. dividend should be stable or rising, no real debt, good investment hopefully in infrastructure, tasty and ****e products perfect for the masses at sensible prices, great locations, competition is mostly worse. and a nice little jump today.

It is slightly odd that many of you have sold up cheap and consequently help the share price lower and support the shorters. Given the market and the way it is manipulated by shorters you may just go from one attacked stock to another. I will be patient and see it out.

Pretty dreadful final results and year ahead for Shoe Zone. Card already down a lot but hopefully the December rush was good enough to justify a small rise soon.

Jaffjoon, cunning!

Yes, really quite odd that so many are flogging the same horse. And Greggs has no real debt so it's not easy to force the company to raise more equity or whatever. And brokers still valuing the business higher. Presumably they know that the Labour Government will carry on destroying town centres, jobs and the customer base.

Clearly the BoD and Darcy in particular have kidded themselves they know what they're doing. Right now it is clear they don't. Obviously we'll see some numbers soon and have to expect a dividend in line with previous couple of years. Government policy has hurt of course but silly purchases are diversions that we could do without and have killed at least £30m which the shareholders could have had. Keeping my fingers crossed but have little faith currently.

Teddy, you may be right. Apologies if I'm wrong. If they don't facilitate Stock Lending in some way I'll be rather pleased but a bit surprised.

Suggest the brilliant Teddy Googles 'Is Hargreaves Lansdowne a Custodian Bank? That gave me a nice clean answer.

HL uses Lloyds, Barclays, Bank of Scotland among other Custodian banks, and will hold their shares at these Custodians under the name of HL Nominees. The same sort of practice occurs at literally dozens and dozens of investment managers and stockbrokers. And I've worked at lots of them. I bet Teddy hasn't.

Teddy, you are as rude as you are ignorant. There is no point trying to explain something to you. You obviously know better despite being unable to understand the basic market processes. Bye bye. If you have any brains please go to the start of this thread and read carefully.

Teddy, with respect... You are completely missing the point. HL is a broker. Of course they don't lend shares. They can't. They don't have the shares in their hands. But they do allow the Custodian bank to lend shares and take a fee for doing so which is not passed onto punters. I'm sorry, but some of you don't understand how the market works. I do.

I don't think you understand how stock lending works. It is the Custodian bank who lends the shares. They then give part of the fee to the owner - in this case HL Nominees. HL keep a separate internal record of who the beneficial owner is - say me! There is no trading involved. Of course not. I'm afraid that HL is being deliberately obscure about this as they make nice extra fees which of course should really be passed on but this is just part of their business model.

And - as usual - the useless AI on the Internet gives a misleading answer. Wot a World!

It's always the Custodian who effectively lends the stock (since they hold it!), so I was right. Thought so. It's not in our interests as it increasingly allows enormous short trading positions.

Using cash to fund investment is better than debt. The BoD should have controlled spend better but this assessment is pretty banal. Is it only tech stocks that can invest? For anyone else this will impact cash or increase debt.

On the BBC stuff, if Currie really said that about weight loss pills impacting bottom line, the Chairman should be asking her to resign. Utter stupidity - Ratners...

Sorry, just checked and although it's not totally clear the AI suggests HL don't lend stock. Still struggle to believe this. Maybe I'll call them tomorrow. Just because the stock is off their balance sheet doesn't mean they can't loan it. But apologies - I was hasty!

I don't think you're right. The shares are most definitely NOT in my name - it'll be something like HL Nominees and I will be a beneficial owner. I am sure they do loan out stock. It's a great way of making more money!

I did, I did! After feeling a bit uncomfortable round lunchtime, things are looking much better now...