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About wjw22

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  1. wjw22

    Intu property

    intu has an announcement today regarding its rights issue. intu announces Amendment of Revolving Credit Facility intu has a market capitalisation of 220m. Its chances of raising 1.3bn seem remote. I'm short again.
  2. BBC: Young, Welsh and Pretty Minted: The 20 year old online trader who makes up to £200,000 a year I must admit I haven't watched this yet, and maybe this guy has some amazing gift for FX trading, but this sounds a bit too good to be true.
  3. I think the no-voting private investors will mess up at the Court Meeting. I’m long at 5.19.
  4. Looking at another share dealing forum there seem to be quite a few very vocal Sirius shareholders who want to vote no to the Anglo American bid but are too stupid to work out how to vote. I'm thinking carefully about that short.
  5. The share price is now below Anglo American’s bid price of 5.5p. This looks like an opportunity for bondholders to buy below the bid price, vote yes and even make a small profit on the share price. If anyone's interested, here is the part of the Scheme Document regarding the shareholders' vote:
  6. It appears that a few institutional investors are buying Sirius shares, so much so that they've bid the share price above Anglo American's offer price. Presumably these institutional investors are bondholders who want to be sure the vote for the takeover goes through and liquidation is avoided.
  7. Wolf Street on 30/12/2019: I, Who Vowed to Never-Ever Short Stocks Again, Just Shorted the Entire Market I do hope he lets us know how he gets on.
  8. Amigo's controlling shareholder has announced that it is a willing seller of its 60% holding in Amigo. Investegate: Strategic Review and Statement from Richmond Group Ltd More here: FT Alphaville: Markets not live, Monday 27th January 2020 (Registration but not subscription required.) It looks like having both a high-risk borrower and a high-risk guarantor on the hook doesn't reduce the lender's risk much after all. I went short at 66 and I don't think Richmond Group will find a buyer.
  9. From 20th January: Investegate: Recommended cash acquisition for Sirius Minerals This part caught my eye. Sirius supposedly has a large number of small private investors. On other discussion forums there are some very vocal and angry shareholders who say that they are going to vote against the acquisition in the belief that a better offer is forthcoming. I'm wondering whether more than 25% of shareholders will vote against the acquisition. If that happens then I think Sirius will go into liquidation. I'm considering another short just before the meeting.
  10. Finablr (owner of Travelex) had some news to announce today. https://www.investegate.co.uk/finablr-plc--fin-/rns/pdmr-notification/202001241000348631A/ and https://www.investegate.co.uk/finablr-plc--fin-/rns/statement-regarding-share-price/202001241803249240A/ I went short at 128.88 after reading how badly things were going with the Sodinokibi attack on Travelex. https://www.theregister.co.uk/2020/01/08/travelex_update/ https://www.computerweekly.com/news/252476624/Travelex-begins-to-restore-foreign-exchange-services-two-weeks-after-Sodinokibi-attack The Travelex website has been down for over three weeks. I think Finablr is a house of cards.
  11. I closed my short at 4.38. Sirius will almost certainly be in administration within the next six months but it has a history of staggering on for much longer than might be expected. The share price also spikes occasionally, which I think may be local investors doubling down. Sirius' shares are now unborrowable.
  12. Sirius are going to attempt to make their remaining cash last six months. Investegate: September 2019 Financing and development update I can't decide whether to close my short now or pay to keep it open for the inevitable collapse to 0.
  13. The 'talk' of the government bailing out Sirius is just wishful thinking. TeesideLive: Sirius Minerals 'may offer investor incentive' to solve cashflow problems Buy bonds and receive free warrants which will convertible to shares. DOI: I'm short Sirius at 10.404.
  14. Burford Capital is unborrowable unfortunately.
  15. wjw22

    Intu property

    And so it came to pass... https://www.bbc.co.uk/news/topics/cm1ygzmd3rqt/intu-properties