Manganese Bronze Share Discussion Threads

[macansy77] 11/8/2008 09:59

the ARTA share price was, for want of a better term, "supported" shall we say to around the 360p level to facilitate the exit of certain holders around those levels. Upon on exit the share price was allowed to find its "natural" level and currently resides around 34p. I was warned off (in no uncertain terms) shorting ARTA at around the £3 level prior to it reaching its highs...

[felix99] 11/8/2008 09:54

What happened with ARTA pray tell me ?

[macansy77] 11/8/2008 09:41

I repeat, i'm almost certain this is going to be another ARTA - i think CSCS are doing a great job on this(!) but when it falls it is going to be spectacular...

[kibes] 11/8/2008 09:34

Wow! What a ridiculous rise! Who thinks that share prices are not manipulated? I'm still waiting for a top but it never comes. But I suppose when they are ready we will wake up to find it has dropped 150p one morning. Meanwhile up it goes.

[felix99] 11/8/2008 09:21

540 odd now lol

[nickcduk] 11/8/2008 09:03

Tempted to lob out a short around 510p but it looks very strong still. A horrible bear squeeze looks to have taken hold. It looked like such an obvious short that I imagine a lot of inexperienced punters jumped on board and are now scrambling around trying to close. Ive been there before and know its a horrible situation to find yourself in. Hopefully not too much more upside or pain for those currently short.

[macansy77] 09/8/2008 10:13

i think this is another ARTA all over again...

[kibes] 07/8/2008 18:27

It looks a great short but I am watching and waiting for something that looks like a top. I agree it could go much much higher yet as current shorts are forced to close. As for the company itself, can't see anything very good about it and the outlook is negative.

[the analyst] 07/8/2008 12:27

I phoned around and was told that at about 320p someone with a really huge short put it up to be closed, but they haven't managed to work much of it through yet. So, I guess there could be more rises to come until it has gone through.

I agree that there does not seem to much going for the company, but those using charts may be looking for the share price to keep going up and bounce around the 500-600p range...

[rthak] 07/8/2008 11:59

I've closed my short - it was just getting crazy! I still think this company has very little hope of a future - but with this squeeze I did not want to stay in longer.

(out with a fairly heavy loss...)

[nickcduk] 07/8/2008 11:13

Looks as though the bear squeeze in continuing apace here. It is pretty vicious at the moment in lots of stocks. With low liquidity and a large existing short position, MNGS is unfortunately spiking higher. Looking to short but I fear the squeeze may continue for a little while yet.

[davidosh] 07/8/2008 09:27

Whereas the truth as opposed to newspaper talk is....

Morgan Stanley have reduced their holding significantly to 21%.

The directors have been selling again and so their actions mean bid talks cannot be a possibility whatsoever.

Directors would be in a closed period if any significant news or corporate action pending.

[darlocst] 07/8/2008 08:41

I see in July 11.95% of MNGS stock was out on loan, a fairly significant short position.

GB0005617013 MANGANESE ORD 25P 2146790.43 17952231.91 11.95

taken from the euroclear website

[felix99] 06/8/2008 15:03

they do if they were given for free like these CF :-)

[davidosh] 06/8/2008 14:55

The directors have been sellers all the way down over the last nine months....they have shown absolutely no loyalty or confidence in the future and to sell nearly 80% of your holding at this point says even more. No wonder they were chasing buyers in the City.....options do not make much money at £1.50 a share !!


To cap it all it looks like Hermes were probably the buyers of the directors dumped shares

[the analyst] 06/8/2008 14:20

So, directors selling and Morgen Stanley still have another 5.4m shares to off-load.

Interesting developments indeed...

[felix99] 06/8/2008 14:17

directors selling ! . Fryer sold 300k and only kept 20k odd with share exercise to pay for tax liablilities on exercise????

By my calcs if its CGTable the tax is only £50k. As they will be unapproved it may be they are subjec to income tax - any taxc experts out there? - but even then lets says its 40% tax plus 12% odd NI - that would still make tax liabbility £150k at worst and he netted £200k?

What great faith in the future eh?

[the analyst] 06/8/2008 14:16

Confirmation that Morgen Stanley are off-loading their shares



RNS Number : 7849A
Manganese Bronze Hldgs PLC
06 August 2008




Manganese Bronze Holdings PLC ('Manganese Bronze' or 'the Company')
Interest in Shares

6 August 2008


Manganese Bronze advises that it received notification on Wednesday 6 August 2008 from
Morgan Stanley that it has a notifiable interest
in 5,391,825 of the Company's ordinary shares of 25p each, representing 21.6% of the issued
share capital (previously 6,592,647 of the
Company's ordinary shares of 25p each, representing 26.41% of the issued share capital.)

For further information, please contact:

[davidosh] 06/8/2008 14:00

Nothing has changed then as it was like that with Tosca holding 26% and there was another Fund that sold completely recently.

There are very few trades so nothing to suggest serious stake building and two serious long term holders have dumped completely. If that was at £2.50 then the whole complexion of events changes

[crystalclear] 06/8/2008 13:53

So that makes about 2/3 of the company accounted for by large shareholders.

Not counting the 12% or so BT pension fund, as that would be mainly double counting, we have ....

Morgan Stanley 26%
Hermes ........13%......39%
Linkstate......22%......62%
Lehman Brothers.4%......66%

I guess that if a bit of the BT pension isn't in Hermes then it might actually be 2/3 of the company that is tied up.

[felix99] 06/8/2008 13:30

?Yes added 1% or so . Proibably the 114 and 50k blocks that went through yesterday

[davidosh] 06/8/2008 13:15

Hermes have only crossed into 13% surely.

[nickcduk] 06/8/2008 12:53

Hermes had a holding previously under britel.