Jessops Share Discussion Threads

[sbs] 12/10/2009 09:32

I expect mostly they are not here!

[typo56] 12/10/2009 09:13

It's a mystery to me why people are still buying. I assume there must be some of you here. Care to explain what I'm missing?

[sportbilly1976] 12/10/2009 08:47

morning all,

we have our 7th Mm back...maybe they just fancied the Friday off then? lol

1.049mln v 1.594mln currently...level 2 looking the weakest it has for some time, considering 700k on the book is MM's. 93k at 1p, 100k at 0.95 then 70k at 0.8p

[typo56] 12/10/2009 08:23

AJMACE

My broker says that when they delist people with short positions will have to deliver 0.097p per share. They will not 'HAVE to buy back the shares'.

Have you actually checked the situtaion with your broker?

[s i s s] 12/10/2009 08:12

AJMACE

you dont know much do you ? He can hold his short position till the stock gets suspended then there will be droves of holders wanting to get back whatever they can, and his broker will quite easily find the stock to square his position - and bracken can then bank the profit.... and have the last laugh.

[ajmace] 12/10/2009 07:49

The recent posters seem to ignore the fact that shorters like pbracken HAVE to buy back the shares. The holders will not sell them even at current prices. Where else can they buy them back? Nowhere!

The price will need to rise before shorters can close their positions.

[c lau] 11/10/2009 19:50

Thanks, it looks like MM had different views and those investors are waiting for dead cat bounce,,,

[nils214] 10/10/2009 21:42

how can I short these? I only trade with TDW and I don't think they do short trades...seems blindingly obviouls that 9.7p/100 = 0.097 therefore some very stupid pi's are throwing their money down the drain!! They shouldn't be allowed to trade lol!!

[pbracken] 10/10/2009 16:35

Thanks, SISS: a paragraph (besides my own) that makes sense, at last.

[s i s s] 10/10/2009 10:42

from EK's diaries :

Jessops (JSP) continues to defy gravity. Private investors still do not understand that there is no chance of this stock yielding more than 0.1p per share. Yet it is still 1p+ bid. This is in shorting terms free money. The Christmas fare at Evil Towers ( Swan gratis from Lord B of course, but the rest requiring the spending of hard cash) will be funded by Jessops.

[c lau] 09/10/2009 19:23

It is very strange that MM did not make it lower than 1p for few days after the news. I suspect something behind the screen we might not know.

[tr65] 09/10/2009 19:07

Spherists, pbracken? Sounds like balls to me.

[wstirrup] 09/10/2009 18:12

Tam

I agree...

I've watched the business suffer a death of a thousand cuts over perhaps 25years

I'm a photographer/camera nut. I used to go to Fishwicks shows in St. Helens years ago, when you could see all the latest wizadry, and use the sets they'd set up. The staff knew everything you needed to know about the products, and there was nowhere cheaper (well maybe in London)

Then they got out of the business about 15years ago when digital started coming along, and you could buy cameras in places like Curry's and Dixons and PC World etc. etc.

What's needed is administration, then buying back SOME of the more profitable assets, cut the contractual strings on the expensive leases etc, then as diddymen says we have a business model that might survive.


BUT I also think they need a stronger WEB presence with the shops acting as the demonstration arm of their web (a Clicks and Mortar business)

W.

[pbracken] 09/10/2009 18:00

I merely quoted the Times, fishman - although (of course) I agree with the analysis. If you object to the mocking tone, speak to the newspaper, not me.

Still, your reference is not without significance. You write:

"Your foolishless (sic) is historically not without compare...see Aesop's fable of Tortoise and Hare."

Your investment case truly is a fairy tale. At least we agree on that.

[sportbilly1976] 09/10/2009 16:41

just over 2mln:1mln buys to sells reported today on plus...

thats everyday this week the buys have been 50% or more higher than the sells on plus..

[pbracken] 09/10/2009 16:31

exactly....

[sportbilly1976] 09/10/2009 16:29

I'd bet too that of the 21% held by Barc clients, 99.99% are on execution only accounts....

[pbracken] 09/10/2009 16:26

sportbilly: you're right. Equally - it has to be said - you closed your SHORT too soon. No ifs or buts.

[pbracken] 09/10/2009 16:23

tr65 - there is no disorderly market: there are flatearthers and there are spherists. Period.

[sportbilly1976] 09/10/2009 16:20

tr65,

I'd say they refer to the market in JSP shares (which will cover both the LSE and Plus).

their point is that all the information has been given to the shareholders..it is up to them if they wish to purchase the equivalent of 9.7p for £1.15.

[sportbilly1976] 09/10/2009 16:19

well the dip again being bought...735k through plus in the last 20 mins or so....

currentl vol:
1,995k buys, 1,045k sells

[tr65] 09/10/2009 16:18

The article mentions the LSE not thinking there's a disorderly market. What about Plus, if that's completely separate?

[sportbilly1976] 09/10/2009 15:59

pbracken....

possibly....?