-3x Short China Discussion Threads

[warwick69] 01/7/2011 08:59

have to place fill or kill order on buying only £1400 this is as iliquid as they come canmt get any at current offer price?

[warwick69] 01/7/2011 08:55

did i just see that that went into auction so someone could buy 1000 shares?

Clearly MM's not prepared to make a market either way in this just had lots small sells at 6.75 and had to gho into auction to buy 1000 #
#this does not add up ????

[warwick69] 01/7/2011 08:54

Auction again no market today in these?

[aspers] 01/7/2011 08:51

I fear this will be back at 5p soon!!! :-((

[warwick69] 01/7/2011 08:47

low low volume no chance to exit even if wanted too what are Henderson going to do now with their 20 million buy some more!!!

[warwick69] 01/7/2011 08:38

well it is mm's marking way down again

[mavverick] 01/7/2011 08:37

uncertainty you would think would take it down

[warwick69] 01/7/2011 08:30

well mm's marking it down they obviously see more chance of sells than buys?

[edmondj] 01/7/2011 08:25

Stress the point so no one can say in future, they weren't warned.

That's my reading; not to be negative just objective.

[lej2] 01/7/2011 08:23

Surely shareholders always consider their position in the light of an RNS? Why stress this point.

As to the lenders agreeing month by month, this is not surprising or unusual, but does give the banks the option to pull the plug when overdrafts are at a low so their risk is minimised. Sensible banking policy but still a concern for the company.

[selkirk69] 01/7/2011 08:18

In a previous statement JB said he wanted it all sorted out by the end of July, a lot has happened since he said that but that deadline may still stand and a month further fits in with that.

[edmondj] 01/7/2011 08:14

It's an appropriate 'caveat emptor' also message to existing holders re. the risks, in light of the lenders approach.

But the directors can't advise shareholders what to do; they have to make up their own minds.

[warwick69] 01/7/2011 08:14

LEJ certainly a strange statement guess that is all they can do can not quote straight ouit buy or sell now can they?

but you raise a fair point why would banks only comit to 30 days?
Perhaps that is all the time they need and all will be sorted?

Still have to keep asking why such agresive buying by Henderson are they accumulating for a preditor? someone with deep pockets and a bit of muscle should bve able to call the shots and create a valuable company still dont foreget the dilnot report is out monday and we are going to need all these homes as the population ages and lives longer with improved health care etc.... still a cash cow for someone to make money from!!!

[lej2] 01/7/2011 08:00

The advice to shareholders is unusual, and confusing. Is it a warning or a sign that shares could increase in value? Not very satisfactory.

I am surprisesd and concerned that the lenders are only committing for one month at a time. I had wrongly assumed that they had committed for the four months and terracing the previous statement I can see that this was not the case (although not clearly stated).

[warwick69] 01/7/2011 07:56

yes and someone probably Henderson putrchased another 400,000 yesterday.

Dont foreget if this comes out as a smaller leaner business with say 300-400 profitable homes, profits will be restored and even though smaller business share price will be much higher as overeall value will be more than today, wecould even swallow some dilution andstill have a higher SP? IMHO

I spoke with senior managetr last week and he seemed posative that a fair outcome for all was certainly what they were striving to achieve.

Why would hendersonm have bought over 20 million shares thats not small change they must be conmfident to make a decvent profit on there investment.

[mavverick] 01/7/2011 07:38

on reflection you may be right warwick it does seem to have a bit of that in it

[warwick69] 01/7/2011 07:27

it could be inyerpreted that they are so low because we are in discussion but maybe that value will be restored later

[edmondj] 01/7/2011 07:07

Call me cyncial but my initial sense on reading the RNS was "you have a month to sell!" Or at least, you have been warned, if you want to exact much value.

It comes across as a kind of legal caveat, if at least open-ended.

Interesting to see what does happen at end-July, as regards interpreting statements in restructuring situations like this.

[daniel] 30/6/2011 22:48

It implies Sche is seriously underpriced

[b1llyboy] 30/6/2011 22:05

Just got in..........at least they're timely.

[selkirk69] 30/6/2011 19:06

Probably involves the stakeholders getting shares, so dilution.

[mavverick] 30/6/2011 19:02

hg yes it is certainly giving a warning of some kind
one month extension is also not oozing confidence

[highly geared] 30/6/2011 18:55

The inference is the shareholders will get hit as part of the restructuring; that's how I read it anyway.