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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Jessops | LSE:JSP | London | Ordinary Share | GB00B035CB69 | ORD 2.5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.38 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.38 | GBX |
Jessops (JSP) Share Charts1 Year Jessops Chart |
|
1 Month Jessops Chart |
Intraday Jessops Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/1/2013 | 19:17 | JESSOPS - A serious speculation | 3,532 |
| 01/1/2010 | 13:09 | Jessops ... Get out before it sinks? | 1 |
| 02/12/2009 | 11:14 | JSP is dead | 21 |
| 27/6/2009 | 23:19 | JESSOPS - Update & Chart say UPTREND from here | 1,589 |
| 30/1/2009 | 08:06 | The Xmas tills are a ringing! | 3,202 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 01/2/2010 16:17 by sportbilly1976 Simon,I was a naked short too, but TDW forced my position closed as they said the stock was unborrowable and therefore they had to deliver the stock to the market & they wouldn't let me keep my position open. As a result of this (and the spike upwards of the share price in the hours before my 2.5mln short was closed) I have been left out of pocket of £11k. Typo - I was not forced because of the spike (margin call), but I have sent an email to the fsa claiming that the spike upwards was the result of the market becoming aware of my impending trade (TDW had apparently rang around a few Mm's in the morning to see who they could buy the 2.5mln shares from & confirmed with the registrars that I did not have a holding.....when my trade went thorugh around 3pm, it did so at the intraday high of 1.7p (no premium was paid to the then quoted price)) |
Posted at 19/1/2010 15:47 by knitcraft Old GM shares make unlikely resurgenceBy Bernard Simon in Toronto Published: January 18 2010 18:02 | Last updated: January 18 2010 18:02 The old General Motors died in a US bankruptcy court last summer. But its shares remain very much alive. So alive that as the rest of Wall Street took its biggest tumble of the year on Friday, shares of the old GM, now known as Motors Liquidation Company, gained another 3 per cent, giving the legacy company a market value of close to $500m. EDITOR'S CHOICE GM pumps $930m more into Opel - Jan-15GM gears up for overhaul in Europe - Jan-13Interactive: Revamping GM - Dec-02In spite of repeated warnings from the restructured GM, the Securities and Exchange Commission and others that the shares are worthless, Motors Liquidation has surged from 47 cents at the start of the year to 77 cents on Friday. Someone has made a tidy killing. Motors Liquidation, which remains in Chapter 11 bankruptcy protection, holds about 200 properties and more than 500,000 contracts abandoned by GM during its court-supervised restructuring. The winding-down is expected to take several years, and liabilities are sure to dwarf whatever is raised from asset sales. "It's been a challenge to get through to people that these are not shares in the new company," GM said. The Motors Liquidation name was adopted as part of the effort to distinguish the old and new GMs. The new GM is a private company, with almost three-quarters of its equity held by the US and Canadian governments, and the rest by a union healthcare fund and old GM bondholders. A public share offering is possible later this year, if all goes well. Cromwell Coulson, chief executive of the Pink Sheets over-the-counter market where the Motors Liquidation shares trade, identifies three groups that have kept the pot boiling. With 611m shares outstanding, Motors Liquidation is an obvious target for day traders, who aim to make a quick profit from heavily traded, volatile counters. More than 10m Motors Liquidation shares changed hands on Friday. Mr Coulson also singles out investors who sold short as GM headed for bankruptcy last year and must now cover their positions. Finally, some investors, it seems, have yet to get the message that the shares are worth nothing. "[Motors Liquidation] could discover oil on one of their properties, weird things can happen," Mr Coulson says sardonically. "A market can't regulate the intelligence of investors." |
Posted at 12/12/2009 23:56 by dylan400d so with this 100,000 spread between shareholders, even if The new Jessops had a fantastic christmas and made 10 million profit, this would have no affect on the share price? |
Posted at 12/12/2009 09:26 by spectoacc "Work" = efficient market. Markets never fully efficient of course; but I've been making the argument for years that that's mainly due to the inequality between longing/shorting, or "buys/sells".Think of it this way - if you owned 1,000 JSP bought at a quid, and it cost you £12.50 to trade, then there's no point selling at 1p - it'd cost you a net £2.50! Multiply that up by 1,000's of people, at varying sizes/prices and trade costs, and you have a large chunk of shares that will never be sold even when the price is 10x the "value" & the holders are made well aware of it. Add in the ignoramuses who appear on this thread telling us what they think of JSP's shops atm, & you've got a weight of buyers & dearth of sellers. Net effect - inefficient market that doesn't "work" & creates false prices. Got to live with it - but don't like it, doesn't really do anyone any favours. |
Posted at 18/11/2009 09:17 by spectoacc Agreed re suspension; the problem is that "long" ability is unlimited (anyone could buy), whereas "short" ability is next to zero. That's what makes a mockery of the mkt - there's no equality in demand/supply to create a "correct" price.Personally I think that's true of most of the market, and pretty much all of AIM - so many co's go up 10x, 20x, 50x, before ultimately crashing. It makes for a huge misallocation of capital. JSP's a particularly good example because it already has a "final" price for us to reference: ie 0.097p. But as you say - the net effect of not allowing freedom to short is that plenty of mugs will have bought/be buying over 1p. A look at the disclosable shareholdings in JSP shows: Barclays Stockbrokers 16.85% Selftrade 8.03% TD Waterhouse 7.68% Halifax Sharedealing 7.34% That's a lot of PI's due a shock, and no doubt an "Action Group" at some stage.. (JSP far from the only example; the Pink Sheets in the US have a lot of bankrupt co's trading at high prices, eg the former GM is around 65c, yet "real GM" has already been moved to a different co, the old one being left with the liabilities. But old, non-GM went up 14% when New GM announced they were paying back some govnt cash early!). |
Posted at 31/10/2009 02:07 by fishman Still think this is all down to punters not understanding the status of the shares, and that there is an alternative way out?I guess that's possible....but it's far fetched compared to merely assuming some punters have to buy.... After all,the only evidence for the former is a line or two in newspapers. And the evidence for the latter is presumptions, also consisting of a line or two in newspapers (and online equivalent). So there's no facts either way. None of us are sure about firstly how much JSP is held short,and secondly what potential problems there are for holding such positions whilst the share price fluctuates so wildly. It's just not enough for shorts to say 'at the end I will close my position by paying my broker 0.1p per share' and assume that is the complete picture. |
Posted at 26/10/2009 12:48 by sportbilly1976 just spoken to David litterick at Brunswick.basically a reiteration of as previous conversation I had with him nearly a month ago... the process continues and he expects the delisting of JSP shares to be complete in the next few weeks. no more assets to be granted to shareholders - £100k, or 0.097 pence per share. He still remains confused as to why the share price is where it is - he is also not aware of any large short positions which are still open, given that it is a month since it fell sharply and also since no providers are allowing new positions to be opened. He sent an email asking for clarification last week & I passed on my email address(he has several as he said there were several phone calls last week asking for an update) and he will forward any email reply - others are equally open to do so...rns will be released obviously when suspension applies but probably not before. |
Posted at 22/10/2009 10:34 by sportbilly1976 fishman,the reason behind my assumption/guess of 2% is that professional shorters would have been onto JSP when it was trading in the teens or above, or maybe when it spiked up to 8p earlier this year...and they will have closed. some may well have gone short recently and are waiting for their 0.1p, but the recent share price movement (or lack of) may well have got them to close and take the 0.3-0.5p gains from the 1.5p at which I will assume they went short. Also, if you look at the trades which have been going through plus over the last week or two...they are virtually all buys and so the volume traded there (>10 mln in that period) to me suggests that most shorts are now out. of course I may well be completely wrong, but those were my assumptions... |
Posted at 19/10/2009 10:15 by sportbilly1976 sbs,a nice theory....however; say for example you have 50k shares at 20p...so outlay of £10k + costs. to bring your average down you would need to buy at least 6 million shares at 1.15 at a cost of £58k (your average price now would be 1.337p). You would then need the share price to be sufficiently higher than this to sell them into the market and make a profit (try sellng 100k and then 300k at the moment...100k will get >1p but 300k will get about 0.8p to see that there is not much demand)..so imagine the discount offered for millions! That is a lot of expense to try and recoup a profit. Or, you could sell them today and get £525 for them, or hold on and get £47 from the £100k compensation pot. |
Posted at 06/10/2009 17:47 by fishman I think I've worked it out:If you are long on a share, you have no obligation whatsoever. In the case of JSP, I can keep my shares until they are worth zilch...my choice. If you are short however, you just do not have that possibility. You have to buy back. All of those smugsters who have jumped into this one-way short bet will probably find that they are unable to buy back the shares at any price. The fact that they can now is irelevent, since they are not exercising that choice...since they are convinced they can sell at the end for near 0.1p! There is no law of markets that says that a share delists at it's paper value. I have been looking at other companies' share price action just before delisting, and it is not easy research - but quite interesting. |
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