3i Share Discussion Threads

[saltaire111] 11/6/2009 21:07

I fully subscribed. Sold a holding in C&W to fund it.

[tpaulbeaumont] 11/6/2009 04:30

fisrt resitance i can see is at 282, then 286, 297 and 301 perhaps?

[1df] 10/6/2009 23:46

I'll certainly feel more confident about the rights issue when all the shorts have closed out and the new shares are dealing. I am hoping that Trafalgar is indeed closing. I note that on the 3rd it was Trafalgar Asset that had a -0.50% position but on the 9th June it was Trafalgar Catalyst that had a -0.25% position. Are these one and the same? If not that would mean a different fund in Trafalgar has actually taken out another short position rather than half closed an existing one. Please don't tell me that! As regards the rights issue, what did others do? Did you sell the nil paid, do a tail swallow or fully subscribe?

[saltaire111] 10/6/2009 20:41

tpaulbeaumont - nice to see value being recognised today. 7.7 mil traded today and 5% share price growth in a day. DOW down about 60pts tonight with about 20mins trading to go. Hopefully a red finish on the DOW will not take the shine away from a good couple of days.

Salty

[multisync 5] 10/6/2009 14:16

Shorts closing!!!!!!!

Trafalgar Asset close out half their short. from 3th June to 9th June (-.522% to -.258). Each .25% crossed or reached must be disclosed.

More to follow.

[das9] 10/6/2009 12:47

1df: judging by to-day, momentum seems to be definitely upwards with this rights issue!

Imo the market recovery is boosting the value of iii's holdings, hence the NAV. Also the discount to the NAV must be narrowing.

So a double whammy for the shorting which is conventional wisdom around a rights issue. And when the shorters give up and buy back......

[josels] 10/6/2009 09:56

ftse100 news has made an impact on the share, gap the start of the market

[multisync 5] 09/6/2009 08:20

> 1df

A few right issues that have done well recently.

LLOY, XTA & HSBA

just for your info.

the move to £4-6 will be swift.

[tpaulbeaumont] 09/6/2009 04:34

IMO the volumes felt very thin Salty? it doesnt appear to be though?

[1df] 08/6/2009 23:53

Would be nice but cannot see it myself with the dilutive effect of the rights issue. It is 9 new shares for 7 existing remember ! I have participated in many rights issue and invariably the momentum is down, even after allowing for the rights adjusted price. I have never had a good one yet.

With the "ex rights" share price at 260p this equates to over £4 "pre rights" and that would be a 6 month high.

[multisync 5] 08/6/2009 21:22

The move to £4 will be swifter. perhaps even £6.

[1df] 08/6/2009 20:33

Well at least it has rebounded from the 220p mark on Thursday. The fall to that level was so swift - it dropped 30p before my eyes which is why I am so uneasy even with the rebound. Not that massive falls in this are anything new.

[saltaire111] 08/6/2009 20:04

I just don't see a few pis who are unable to find the rights being responsible for that level of movement in the share price That's why I don't buy the tail swallowing story.

Good improvement today against a backdrop of a falling market.

[1df] 08/6/2009 13:01

I wonder if that's why the shorters smell fresh blood. When it was demoted 3 months ago the capitilsation was under £750 million. It's now over £2 billion. I won't feel confident until I see the large short positions being closed rather than opened. Shorters often open their positions when the share has ascended to a point where it can be brought back down again.

[yakin] 08/6/2009 11:57

3i Group likely to be promoted to FTSE100 depend on tomorrow closing price.

[1df] 07/6/2009 22:26

I can see tail swallowing happening on the NIL PAIDS because not everybody will have the cash - or want to commit the cash - to buy 9 new shares for every 7 held. Selling 4 to 5 of the nil paids will raise enough cash to subscribe to the remaining 4 (tail swallow) and thus not commit any futher cash to this company. Of course the REAL issue is what is going to happen when the new shares finally flood the market. The shorters obviously feel confident shorting at these price levels.

[saltaire111] 06/6/2009 21:53

Tail swallowing. What a load of bull. The share is being manipulated and someone somewhere is making a bloody killing. Down 8% one day and up 12% the next - that's twelve month's action under normal trading conditions in 48 hours.

[josels] 05/6/2009 21:34

how do you know that the shorters declaring their positions are not buying even more shares through different company names?
I do not trust all I read, the fact that is written can be used as a tool to trick you. look the price is going up. IMHO DYOR

[1df] 05/6/2009 12:39

What worries me it this share is still being shorted despite a huge bounce today. That would indicate there is a further retracement downward.

[seconduser] 05/6/2009 12:03

Also...
With the cut-off point for the quarterly reshuffle of the FTSE 100 constituents due to take place next week investors are speculating on the likely winners and losers. Private equity investor 3i Group is the best performing FTSE 250 stock on expectations it will make a return to the blue-chip index,

[josels] 05/6/2009 10:01

here you are. shorter re-buying again, :)

[accumulat0r] 05/6/2009 02:16

There might also be some tail swallowing going on:





3i's plunge fuels cash-call concerns

By Bryce Elder and Neil Hume

Published: June 4 2009

3i Group was under pressure on Thursday as the FTSE 100 searched for direction.

Shares in the private equity group slid 7.1 per cent to 225p, their lowest in nearly four weeks, with about twice the daily average changing hands.

That took their fall since Monday to 11 per cent, helping fuel gossip that the company's £700m rights issue was in trouble.

Dealers thought that unlikely, as the cash call is fully underwritten and was voted through by shareholders last week with a big majority.

Instead, they said 3i was likely to be suffering because investors had been selling some of their shareholdings to fund taking up their rights – a strategy known as tail swallowing.

Traders may also be positioning themselves for further weakness when the rump of 3i's issue is sold in the market by the underwriters and book-runners."

[accumulat0r] 05/6/2009 02:14

josels,

Disclosure of Short position:




3i (III) is being shorted by "ABC Arbitrage SA". Arbitration traders might be at work, SHORTING the ordinary shares (III) whilst simultaneously BUYING the nil paid shares (IIIN):

[josels] 05/6/2009 00:35

Accumulator
If you have the time could you please let me have a link about this NL shares?
What are the rights of these shares in relation the ordinary shares?
Why do you mention the arb traders (you mean arab traders)
Apologies for my ignorance, and thanks in any case for your post.