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Oh dear. Back to the 'US Close Will Save Us' security blanky to make us feel better, are we ? 🤣
Interestingly volume in the UK today was 104k and in the US it was 551k when average volume in US is around 315k.
I think we will see a gap up tomorrow on open.
Very positive that yanks willing to pay higher than current price.
https://www.marketwatch.com/investing/stock/dec
It’s up a further 1.9% overnight as well. Current price $14.40 or £11.36.
Let’s see how the UK market reacts in the morning.
https://stocktwits.com/symbol/DECPF
That’s quite a disconnect with uk price.
Do we catch up tomorrow or does USA fall back?
Nice wee run up into the close over 4%
SP holding up well considering the gas price slide this week. Shorts maybe betting on a further gas price decline.
Arrowstreet Capital, Limited Partnership increase their short yesterday by 0.07% - now at 0.71% - total shorts at 8.12%.
https://shorttracker.co.uk/company/GB00BQHP5P93/
Looks like one is focusing on fundmentals and other market sentiment just shows how big the gap currently is between the two has me quite torn as the exit timeline maybe much longer than I hoped for.
Thing is GG we've also just had Blackrock more than double their holding here to 8.9% (more than all the shorts put together!) - but I guess they don't know what they are doing eh? LoL
'Normally so many shorts opening is not great'.
There, fixed it for you. 😊
Terry - The companies involved use algorithmic selection of stocks for their short selling campaigns, this is different than the trading bots. To me automated stock trading, whether short or long term, done ro'bot'ically is all bot based but I understand I should probably use another term for clarity.
The point I was making is that these shorts are not being done on market or company fundamentals, at least not visibly. To draw the attention of the shorting algorithms there has to be significant detectable movement against market trends, although we are not privvy to the portfolio of shorts these companies are making.
"in the DEC price movement suggests their bots are triggered by it. I'd suggest the sharp downturn a year ago or so may have sucked them in"
Could be the case that BOTs started to play more with this share as it has been volatile but automated trading tends to be quick buys and sells. It is difficult to know what moves a market but a large number of small sells can adversely effect the price out of proportion the the quantity. Once told off by II because I made a number of smaller trades to avoid the high commission costs of one large trade, £3.99 against £40.
In the last 3 weeks we have seen a significant price drop and some recovery even thought we have dividend reinvestment and Russell Index, could this be a dump and pump but the cash for BBs found to be wanting probably added to the drop.
With BBs at this tiny level I can't see how this could cause around 2% increase in a short period.
Current Short Tracker of Positions over 0.5%
Arrowstreet Capital, Limited Partnership 0.64%
Bridgewater Associates LP 0.92%
JPMorgan Asset Management (UK) Ltd 1.70%
Millennium Capital (DIFC) Limited 0.56%
Millennium International Management LP 0.79%
Qube Research & Technologies Limited 0.58%
Voleon Capital Management LP 1.41%
Walleye Capital LLC 0.79%
Total 8.05%
Non of these are close enough to 0.5% for these small BBs to have pushed them over the threshold, even the smallest at 0.56% would require BBs of 12% of the company, this is many years at current BB levels.
Arrowstreet Capital - Also a quantitative analyst led co. Bot led analysis
Millenium - Is this a 1.35% hedge for Blackrock? New declaration of a hefty short.
Bridgwater - A risk parity specialist. Is this likely to be a hedge offset by an ii buyer?
Qube - reducing. Potentially a pure short , another quantitative led org with Bot analysis.
Voleon - definitely bot led quantitative
JP Morgan - Big and impossible to say what they are up to, but likely to be a risk offset
Walleye - Speculative shorters, Also started reducing. May be first out.
Adage - Haven't budged since March.
All speculative of course, but DEC may be seen as too risky to go pure long so the ii buyers are using risk offsets to minimise their downside risk.
What's interesting is what has attracted the quantitative analysts, there are a few here now. Something in the DEC price movement suggests their bots are triggered by it. I'd suggest the sharp downturn a year ago or so may have sucked them in, but it feels like they need to do some fundamentals to see the wider picture.
Don't buy that tazed (not for all these new shorts for sure) - that Millennium International first declaration at 0.79% isn't like a previous example of a short first declaring at 0.51% that could realistically have been caused by the decrease in shares due to BBs over a period of time pushing them over the threshold.
I think the shorts have not increased just exposed by the purchases and buy back of shares, free float is approx 40.68m
Normally so many shorts opening is not great but I wonder if Blackrock have increased their holding by mopping up the sales by these shorters. I think we are in for a few interesting days.
ATB to all shareholders
Https://shorteurope.com/details_company.php?company=DIVERSIFIED%20ENERGY%20COMPANY%20PLC&land=united_kingdom
https://shorteurope.com/index.php?country=united_kingdom
https://shorteurope.com/details_all.php?&land=united_kingdom
6.40% or 8.05% ??????????????
Take all with a pinch of salt , a lot of conflicting data IMHO.
Agreed Jim800 that what I was thinking but the shorts have be holding growing for while now so what is time periods I guess is the next question
How many shorts are below 0.5% ????????????????
Perhaps they are both correct - just over different timescales.
I agree I just confused how II flooding in last two quaters, yet shorts increasing, something no adding up somewhere, both have access to far more data than us, guess comes down to they view the data
Incidentally, somebody on the other BB mentioned that Blackrock held 4.3% of DEC on 1st March (annual report) - seems they have more than doubled their holding now at 8.9%? Two blocks of II's - the buyers and the shorters - guess they can't both be correct?
FFS, Hard to keep track here there's that many shorts now. So:
Millennium Capital (DIFC) Limited - just declared at 0.56%
Millennium International Management LP - just declared at 0.79%
Arrowstreet Capital, Limited Partnership - increase of 0.13% - now 0.64%
Total shorts now at 0.81% - DEC 'promoted' to second place of most shorted stock on FTSE.
Looking like good ole Rusty and his car crash crew are actually going to take DEC to the top of the league that nobody wants to even be in - let alone top of.
https://shorttracker.co.uk/company/GB00BQHP5P93/
Blackrock buying in, a fair chunk it looks like (8.9%). Must have been a negotiated off market trade, maybe they bought up some of the shares sold by the two new shorts! Blimey, all going on.
More shorts, more II buyers. Getting tense!