GSW - what an intriguing story! Mary Jane thanks for all your research and well written insights.
This is what they call a "Binary" trade. It will be a $1.00 + or 10 cents. However, I noted on
www.shortman.com.au (see recent daily short trades below) that there is very little appetite to short this stock, with a total short position of 0.78% i.e. less than 1%. However it is also an asymmetric trade meaning risk reward is low to high.
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
Column 5 |
Column 6 |
| 1 |
Date |
Gross shorts 1 |
Issued capital |
% Capital shorted 2 |
Trade volume 3 |
Shorts as % of volume 4 |
| 2 |
Thu 26th Jul, 2018 |
309,794 |
100,588,056 |
0.30% |
1,287,639 |
24.06% |
| 3 |
Thu 12th Jul, 2018 |
3,000 |
100,588,056 |
0.00% |
16,233 |
18.48% |
| 4 |
Thu 5th Jul, 2018 |
3,014 |
100,588,056 |
0.00% |
34,774 |
8.67% |
| 5 |
Wed 4th Jul, 2018 |
3,797 |
100,588,056 |
0.00% |
148,050 |
2.56% |
| 6 |
Tue 3rd Jul, 2018 |
6,888 |
100,588,056 |
0.00% |
180,217 |
3.82% |
| 7 |
Mon 2nd Jul, 2018 |
300,000 |
100,588,056 |
0.29% |
1,044,512 |
28.72% |
| 8 |
Fri 29th Jun, 2018 |
200,000 |
100,588,056 |
0.19% |
1,344,285 |
14.88% |
| 9 |
Mon 21st May, 2018 |
48 |
106,643,214 |
0.00% |
189,959 |
0.03% |
| 10 |
Fri 18th May, 2018 |
675 |
106,643,214 |
0.00% |
17,479 |
3.86% |
| 11 |
Fri 11th May, 2018 |
49 |
106,643,214 |
0.00% |
175,809 |
0.03% |
| 12 |
Thu 10th May, 2018 |
68,275 |
106,643,214 |
0.06% |
147,526 |
46.28% |
| 13 |
Mon 7th May, 2018 |
5,000 |
106,643,214 |
0.00% |
43,331 |
11.54% |
| 14 |
Wed 2nd May, 2018 |
250,000 |
106,643,214 |
0.23% |
910,704 |
27.45% |
| 15 |
Tue 1st May, 2018 |
9 |
106,643,214 |
0.00% |
64,186 |
0.01% |
| 16 |
Mon 30th Apr, 2018 |
19 |
106,643,214 |
0.00% |
132,275 |
0.01% |
| 17 |
Fri 27th Apr, 2018 |
41,145 |
106,643,214 |
0.03% |
450,476 |
9.13 |
Here's how I see it.
Firstly, the Class Action. What a load of Trollip! Prospectus says it all, SAAS - use it or ditch it. Then the Squire Patton Briggs "lawyers" give credence to some clown from AFR who pulls a $300 million+ figure out of thin air (or worse), and emblazon it on their SPB website. INCREDIBLE. I think the result will be GSW takes SPB to the cleaners (costs plus damages) where they deserve to go. Especially with the new hires whose bios indicate an ability in these matters. The new hires due diligence prior to signing on for OPTIONS also adds huge credence to GSW's legal position and technological prowess.
Next there is the bag of cash and the fact that Fidelity International, and Regal are not participating in the CA and Instos are buying from the retail punters.
We live in a world of deliveries of many things, so the market is massive and growing exponentially. Where there is smoke there is fire. If one of the names they have been signing up takes off then we as holders of GSW will be in "tall cotton" (very happy).
GLTAH, DYOR, LOL etc.
