Short sellers

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BrilloPad replied

11 July 2017, 13:34
Originally posted by AtW View Post

What kind of cretin loans shares to short sellers whose objective is to crash value of YOUR shares?

Probably one that can drive without hitting a wall.
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scooterscot replied

10 July 2017, 20:02
Originally posted by AtW View Post

What kind of cretin loans shares to short sellers whose objective is to crash value of YOUR shares?

Perhaps that's the synthetic CDO manager's job?!

Last edited by scooterscot; 10 July 2017, 20:04.
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AtW started a topic Short sellers

10 July 2017, 19:57
Short sellers

"

Hedge funds pocketed huge windfalls yesterday after more than £300m was wiped off Carillion’s stock market value on Monday as the building contractor warned on profits, axed its dividend and parted company with its chief executive.

Carillion is the most shorted stock in the FTSE 250, with more than 25pc of its shares on loan to short-sellers. Its shares crashed 39.04pc at 117.1p, shedding £322.6m in value.

Short-sellers make one-way bets that a company’s share price will fall rather than rise, profiting when it does so.

Some of the biggest names in the Square Mile - including funds run by Marshall Wace, Blackrock and Thunderbird Partners, each of whom had a short position in excess of 3pc of Carillion’s shares - will have benefitted from the plunge.

In total, some 18 funds held shorts on Carillion before yesterday’s profit warning, according to data from Castellian Capital’s Short Interest Tracker, with other significant positions being held by AKO Capital, Immersion Capital and Naya Capital Management.

Carillion’s share price plunged to its lowest level in almost 15 years after the construction and support services group warned on this year’s profits and revenues.

An unscheduled announcement revealed that, following a review of the business by accounting giant KPMG, the firm is writing off a hefty £845m provision to cover the costs of contracts which have soured - £375m of which relates to work in the UK and £470m for overseas work."

Hedge funds pocket Carillion windfall after profit warning hits share price

What kind of cretin loans shares to short sellers whose objective is to crash value of YOUR shares?
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