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Findel Share Discussion Threads
Showing 3451 to 3470 of 3475 messages
|Suggests results tomorrow not going to be good.|
|Up 4%, not sure my heart can take these wild share price movements.|
|Bit of movement today. As exciting as it gets at FDL.|
|Morgan Stanley no longer have a notifiable holding.|
|Pay day loans perhaps? They appear to have borrowed more than 2% shares on 1st April only to give nearly all of them back today. And the MMs have got the spread at +/- 4% so they don't seem to want any trading business.
Games being played somewhere I expect.|
|What are Morgan Stanley up to?|
|possibly not the best week to try and "find a loophole" :)|
|That has to be declared as a beneficial stake - but it could always be an under the table kind of deal.|
|Could if be possible Morgan Stanley were taking the position on behalf of SPD, i.e. finding some kind of loophole that avoids SPD going over the 30% mark ?? Just a thought.|
|There has to be a counterparty, it's strange that they don't have to declare really.|
|It's a shame that MS increased via CFD's
in effect buying rights over almost 3.5 million shares without the share price budging one bit!|
|So MA/SPD have 29%, Morgan Stanley now have 10% (both significantly increasing their holdings via CFd's)
interesting times indeed|
|Took a long position in these at £1.70, it's very volatile and I'm hoping to close out at £2 plus, what SPD's intentions are is hard to second guess, interesting times and the update recently seemed to suggest the business was doing OK.|
|More shares for Morgan Stanley.|
|@DeMelloRetailSpeculation that Sports Direct are going to make an 'ambitious' and 'peculiar' circa £20m acquisition. Wonder who it could be??|
|This is a really weird one, spiked to £2.25 a week or two ago, now you can buy at under £1.75, what happens next ???|
|a bit of volume just kicking through...10k bot?|
|I bought some at 1.98 yesterday and 1.89 today. Surprised there isn't more volume going through.
Having said that, if you look at the 11m odd voting rights acquired by SD and the 6m odd acquired by MS, they come uncomfortably close to the 18m holding that Toscafund had at the time of the General Meeting. I find it very difficult to believe that Toscafund would bale at this point, given it looked like they allowed SD in in the first place and I assumed saw a bid by SD as one possible outcome of that move, but I would like to see holdings notices showing that someone other than Toscafund was on the sell side for the majority of the SD/MS voting rights.|
|Bought my first FDL shares at 190 today. Definitely something afoot here.|
|Once you remove the fat-finger/corrected trades, I think you can split Thursday's big volume trades into 2 groups of 9.505m shares, all transacted in the low 170's.
My guess (but as you can see above, I've been wrong with the guesses very recently) is that this would be Sports Direct's CFD counterparty buying shares and an existing shareholder selling them - although that then leaves you a bit short of declared trades to get up to the 10.9m bought by Sports Direct - even if you assume that they or their counter-party were hoovering up the rest of the shares (the 5000-share ATs and the 30k odd in the closing auction). Maybe the missing shares came from a non-LSE platform?
Anyway, I've bought some more at 198p on the basis that either through an outright bid for Findel, or through a commercial marketing/distribution arrangement between Sports Direct and Findel, Sports Direct's increased holding will turn out to be a positive for the Findel share price.
And I note that my purchase (which went through on ICAP according to the contract note) doesn't appear on the advfn trade listing.
My opinions and guesses only - no advice intended.|