Jessops Share Discussion Threads

[ciscogaz] 04/11/2009 13:40

"...lol -- JSP is one of the best performing shares over the last month..."

That must have been one hella of a massive short being closed

[tr65] 04/11/2009 12:56

lol -- JSP is one of the best performing shares over the last month.

[phil2003] 31/10/2009 14:43

in countdown to administration now.
dead business model.

[fishman] 31/10/2009 02:07

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.

[sbs] 30/10/2009 20:56

I suspect that is at the core of the problem. Jessops stores are as busy as ever, but the income is not going to JSP shareholders.

[sbs] 27/10/2009 15:23

The delisting is due soon, so some people may be choose to tidy up their portfolios earlier - and at a higher price - than anticipated.

[fishman] 27/10/2009 15:12

My guess was that there were/are a few of these shorts hanging around yet to be closed.
Pbracken would have us believe that some nutter doesn't accept that this share is actually eventually worth 0,1p....and is shelling out £42,500 to prove his lack of mental stability!

[sportbilly1976] 27/10/2009 14:05

there is your reason for the spike yesterday....

a 2,500,000 buy at 1.7p.....a short closing?

[sportbilly1976] 27/10/2009 09:42

well it would definitely appear that after yesterdays rise, people are willing to trade this and looking to buy in for a sale above 2p....

[ajmace] 27/10/2009 08:33

why is it still way above 1.4p pbracken

[fishman] 26/10/2009 17:54

To say that there are no more short positions open is just a guess.
Pbracken has neither shown off how much claret he's bought with JSP proceeds, nor re-iterated his insistance that he will be able to see the 0.1p buy price.
I'm guessing he's a bit worried by now...or else has closed without making much out of it.
Small traders are forever claiming/insisting they know what's what. They typically know f all (or at least no more than the sheep they continually deride).
In the case of JSP, something has gone on...and mentalist chancers oblivious to a valuation of 0.1p has not been a good enough explanation.
It's either short positions closing (which no-one has successfuly argued against) or it's punters thinking there is a way out that hasn't yet been made public.
From day one I've held the former view, and everything seen since has supported rather than denied that.
The current spike is not at all complete...let's see how far this goes.

[ajmace] 26/10/2009 16:52

ask pbracken what has happened today!

[sportbilly1976] 26/10/2009 16:48

also a 993k buy on plus at 1.50 which could have caused the jump....

[brando69] 26/10/2009 16:48

if i didn't know that this was a dead duck, i'd be looking to pile in here based on that chart.

[sportbilly1976] 26/10/2009 16:42

1mln sell too just as it rose...?!?!?!

[sportbilly1976] 26/10/2009 15:31

brando - no idea...it is now at its highest level since before the restructure rns a month ago.

[brando69] 26/10/2009 15:29

wtf is happening here?

[sportbilly1976] 26/10/2009 15:26

1.5p on the offer now.....

[sportbilly1976] 26/10/2009 15:19

well here comes your spike guys.....!

you all ready to sell??

[sportbilly1976] 26/10/2009 13:33

how much further can it go?

[sportbilly1976] 26/10/2009 12:48

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.

[sportbilly1976] 26/10/2009 08:43

apologies - but should we have?