ActusRay short position - looks in trouble..IMO

[ManFromUruguay]

"GGP 26m shares at 8.8p (from 10th Jan = just £2.25m worth) up 10-15% - but buying 5m yesterday took GGP up 5% !!!"

Hydro hi. Was this actually reduced by c 5m shares or were you speculating? What's the current position?
Best
MFU

[RationalAssessor]

Not wanting to reply on behalf of Hydro, but I suspect he was not suggesting that Actus Ray were closing.....but, that in order to close, they would likely lift the SP to a point greater than they bought.
Feels like folks have hunkered down and not looking to trade which clearly impacts liquidity and therefore volatility.

[James]

CREST 6% up today, that surely isn't going to plan for them. Very dangerous game being played by ActusRay, their exposure in CREST alone is far too high.

[Hydrogen]

Hi MFU,

Not suggesting AR are closing but just as Rational suggested it’s going to pump their position to a loss (without significant liquidity event). Ie on market raise.

If Shaun can raise funds like Skeena with a direct private brokered placement to ASX pension funds etc, im almost certain they won’t get that. Whilst SD can never bemoan or admit it I think he has got a private axe to grind against any shorts. imo he certainly won’t be providing them any stock to get out easy.

[Hydrogen]

Frrrrriggning OUCH... Actusray Crest Nicholson position getting TOTALLY whacked. 61% underwater
Funny Crest are subject of a UK take-over yet they are not closing.

Albeit they've taken a little off the table (0.1%) at Crest ( which is interesting - maybe they are not in cahoots with Bellway)

https://shorteurope.com/details_all.php ... ed_kingdom

[Undertaker]

CRST +3% @ 261p !

[Hydrogen]

Crest 52 week high 272 Ooof .
256 today after a major sell off - but housing and rates sensitivity on the rise due to perception of falling rates