One of the more prominent L/S fundies in our land, Totus, is apparently short JIN. That position hurt them in November.
Of course, one can't know the size of the position or the true motivations behind it, but I wonder what the short thesis is here. Valuation? Tabcorp not sticking around beyond the current 10y agreement (an awful long time away)? LaaS business being a dud? A downturn in large jackpots?
Here is the report if anyone is interested (there is no commentary on JIN) - https://mcusercontent.com/ff237f940...Fund_11_November_2020_Performance_Summary.pdf
One of the more prominent L/S fundies in our land, Totus, is...
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Last
$10.83 |
Change
-0.140(1.28%) |
Mkt cap ! $675.2M | |||
| Open | High | Low | Value | Volume |
| $11.01 | $11.12 | $10.70 | $2.132M | 198.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2661 | $10.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.12 | 37 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| JIN (ASX) Chart |