Fellow of Chartered Association of Certified Accountants
Traded stocks on/off for 30 years, but spending more time trading last 3 years.
Mainly Fundamental Analysis, but try to complement with Technical Analysis to confirm my thoughts.
Cineworld (CINE) has 10% of disclosed short positions (this has been slowly increasing over the last 6 months).
CINE in brief.
Y/E 2018 - T/O $4.1bn, Operating Profit $493m, Net Profit $273m, Operating Margin 12%.
Debt $7bn - Yes $7bn - with its $3.6bn acquisition of US-based Regal Entertainment, CINE is now the second-largest cinema chain in the world –...
I meant to publish this Friday, but got tied up with other things.
I was originally looking at this share as a long position early last week, it appeared in one of my stock filters for long positions.
Standard Chartered (STAN) is supposed to be the 3rd most shorted stock on the UK index by the big players (one being Steve Eisman from the "Big Short").
I have dipped in and out shorting WPCT for a while, and I am having another dip in for a short position.
WPCT is still stuck trying to sell illiquid holdings from a position of financial distress, the board has just released the NAV at 58.10p (6th November 2019) a month ago it was 64.67p (4th October), 11% drop.
When you look at the monthly NAV drops over the...
Been the back bone of UK retail store fronts for a life time, has been in general decline for the last 15 years. It has many of the features of an attractive short:
legacy, disrupted (not disruptive) business model
not much evidence of any economic/competitive moat
financially geared (financial net debt £1.5...