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Morning all,
The shorts have been reduced so hopefully the bottom is in and a correction taking place.
Good luck.
Thanks Accountant. Please can you give more detail about short reductions.. I assume they were short ahead of FTSE 250 reweight. And that is much comfort. Nothing fundamental
Hi @Change, I use this site. I can see that the short was reduced on Monday.
https://www.shorttracker.co.uk/company/GB0006215205/
Hopefully a catalyst for the other shorts to be reduced too.
Cosmens shortest sniffing
Ted you snowflake
Average down
They reduced by 0.02% - hardly anything - mind games!
Bagged another 5000 shares so with my previous form this will head to lower lows today, so if you’re about to pull the trigger wait until the end of the day!!
Hey Kingsyrav,
They've removed their 0.48% position completely so I think you're confused?
Anyhow, I am sure you're pleased they've removed it rather than increase it as you also want the SP to increase hence you're interest on this board ;)
" Wouldn't be surprised if they're lending their bought shares to a shorter "
They are not.... nothing declared on the RNS
This must be due a long overdue bounce
Glad I got back in after small wobble on part if holding. Psychological aspect of this is fascinating.
All attempts to break out met with selling!
Be back right down later no doubt
Markets repricing strong probability of rate cut in Aug following BOE minutes, even that is having minimal impact on MCG now.
Https://www.intelligenttransport.com/transport-news/183520/bus-fare-increase-west-midlands-sustaining-vital-services/
'They are not.... nothing declared on the RNS'
Hi Poker
Why you say that, do we have a law to ask Cosmens to declare on the RNS if they lent their shares to shorter?
No doubt Cosmens family konw this business best, they should be asked to manage this company, but just not sure if they want to serve all investors or just themself.
Anyway, saw a positive news, West Midlands bus tickets price will up 6 percent from 1st july
Gla
RNS showing CEO being given free incentive shares. That's rather funny.
F-----g disgrace and kick in the face to investors
Unbelievable that LTIP awarding £1.7m share options at 47p. No wonder he doesnt buy any shares.
Indeed. As I said on another chat board, shareholders tend to be quite generous and tolerant of high C-Suite packages, but in circumstances where a BOD have clearly not performed to a high standard (such as here), with a number of missteps (already outlined repeatedly here over the past year or so, which I will therefore not regurgitate), then it does ruffle feathers. Quite frankly, it acts as a weapon for socialism. Which, as a free market libertarian-leaning person, adds to my irritation. Hey ho.
I think the vomit is still in my mouth. How he has the audacity to take it after the complete dogs breakfast he's made of the organisation is beyond comprehension. Still, he changed the group name to Mobico ... fantastic achievement and clearly demonstrates a adequacy far beyond the bar, that was clearly set at GCSE business studies level.
Oops ... 'an adequacy' ... there's me having a pop and clearly I fail basic GCSE English.
This company is basically taking the p&ss out of its investors… it’s a massive kick in the nuts for all of us that have invested our hard earned cash in the business to see it halve or more under the oversight of this idiot. Now they’re rewarding him with free shares ? Who is paying for those shares I wonder on the day he cashed them in ? Oh yes , the mug punters again. I’m feeling that I’m a victim of a big scam with this company , they’ve lied , missed guidance, made endless and repeated mistakes.. yet the man in charge is still there with a promise of a bumper payday to come at some stage should he actually start doing his job properly. You really couldn’t make it up.
Maybe he could cash them it at a £1 and rent them to shorters ready for the next award. Winner winner.
I always said something dodgy is happening here and obviously him being rewarded at ATL is ridiculous.
The only positive we have is that maybe he is incentivised now to actually do something that will help the share price.
This company has gone from being a solid business to being a total clown show with Garat being at the centre of all of it.
Well if there is at least one thing this board is united on is it's opinion of Garat.