Jump to content

Short selling


doc-gt

Recommended Posts

How did short seller Viceroy dig out the info to make a killing on Steinhoff?

Business Day speaks to Viceroy, the short sellers who made a killing on Steinhoff

https://www.businesslive.co.za/bd/companies...g-on-steinhoff/

 

Steinhoff shareholder Coronation Fund Managers defends $1.5b loss but holds on

When the full post mortem on troubled global retailer Steinhoff International is completed, there should be a separate chapter on how one of the most respected fund managers in South Africa got it wrong and lost $1.5 billion.

Read more: http://www.afr.com/brand/chanticleer/stein...j#ixzz54PTKtvaq

 

Link to comment
Share on other sites

  • Replies 149
  • Created
  • Last Reply

Top Posters In This Topic

Another large collapse, this time in the UK. Short sellers seemed to "sniff out" problems several years before

post-330173-1516163684_thumb.png

Hedge funds made ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚£200 million short-selling Carillion shares

Carillion had been the most shorted stock on the London stock exchange for a number of years and the combined position peaked at more than 25 per cent of the companyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s issued share capital in July, just before the company issued what became the first of three of quick-fire profit warnings.

https://www.thetimes.co.uk/article/hedge-fu...hares-sh5cgblv7

 

Carillion was left with just ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚£29m before going bankrupt

8 hours ago

http://www.bbc.com/news/business-42710795

 

Public companies go bust slowly

Given the warning signs, why didnÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢t the board go to shareholders for an injection of cash two years ago?

 

They arenÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢t the only adults in the room with explaining to do, of course. KPMG signed off on the 2016 accounts. Various banks have been lending to Carillion all the way down.

https://ftalphaville.ft.com/2018/01/15/2197...go-bust-slowly/

Link to comment
Share on other sites

Viceroy Research unmasked....

 

Short Seller Who Flagged Steinhoff Irregularities Steps Forward

Ex-social worker says heÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s the founder of Viceroy Research

Big U.S. banks disclosed more than $1 billion of loan losses

The mysterious short seller who flagged financial irregularities dogging Steinhoff International Holdings NV has stepped out of the shadows.

 

Fraser Perring, a former British social worker who founded Viceroy Research, said in an interview Wednesday in New York that he and colleagues Gabriel Bernarde and Aiden Lau were putting finishing touches on a research report questioning SteinhoffÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s financials when the South African retail giant said Dec. 5 it would conduct a probe of its accounting.

 

Viceroy's Australian links exposed after leaving digital trail

 

Read more: http://www.afr.com/markets/viceroys-austra...3#ixzz54Wfnc5mn

Link to comment
Share on other sites

Meet Fraser Perring, short-seller who exposed Steinhoff, has more SA stocks in his sights!

By Anders Melin and Greg Farrell

 

The mysterious short seller who flagged financial irregularities dogging Steinhoff International Holdings NV has stepped out of the shadows.

 

Fraser Perring, a former British social worker who founded Viceroy Research, said in an interview Wednesday in New York that he and colleagues Gabriel Bernarde and Aiden Lau were putting finishing touches on a research report questioning SteinhoffÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s financials when the South African retail giant said Dec. 5 it would conduct a probe of its accounting.

https://www.biznews.com/wealth-building/201...ring-steinhoff/

Link to comment
Share on other sites

OPINION / EDITOR'S NOTE

ROB ROSE: Blame Jooste, not Viceroy

An anonymous research house made plenty from SteinhoffÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s fall ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâہ¡ÃƒÆ’‚ but itÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s just the latest event in a perfectly legitimate history of short selling

18 JANUARY 2018 - 05:05 ROB ROSE

https://www.businesslive.co.za/fm/opinion/e...te-not-viceroy/

Link to comment
Share on other sites

No sign of Glaucus targeting further ASX listed companies. QIN has been his only ASX listed target to date - the "agricultural" target mentioned in the Australian back in February 2017

 

In Australia, Mr Aandahl says the company sees particular opportunity for shorting in the resources and agricultural sectors.

 

Short Seller Glaucus Targets Europe as Markets Turn ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¹Ãƒƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“FrothyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢

By Lisa Pham

January 19, 2018, 4:00 PM GMT+11

Glaucus Research hired analyst to focus on Europe exclusively

Region has attractive short opportunities: GlaucusÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Aandahl

https://www.bloomberg.com/news/articles/201...ets-turn-frothy

Link to comment
Share on other sites

https://www.bloomberg.com/news/articles/201...ampaign=markets

 

Short Sellers Set Sights on Stocks Riding the Blockchain Bandwagon

Companies that sought to piggyback on the frenzy surrounding digital currencies are starting to find themselves saddled with the kind of attention they didnÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢t anticipate.

=============================

 

become a target eh?? :o

 

 

Link to comment
Share on other sites

Viceroy's latest South African target - https://viceroyresearch.org/2018/01/30/capi...heeps-clothing/

 

video interview on Bloomberg - https://www.bloomberg.com/news/videos/2018-...ad-health-video

Viceroy's Perring Says Capitec Loan Book Is 'Looking in Very Bad Health'

Bloomberg Markets

January 30th, 2018, 8:50 PM EDT

Viceroy Research Founder Fraser Perring discusses Capitec's regulartory loophole in South Africa and says its loan book is "looking in very bad health." He speaks with Guy Johnson and Matt Miller on "Bloomberg Markets: European Open." (Source: Bloomberg)

 

 

Link to comment
Share on other sites

Treasury calls for international probe into Viceroy

Bloomberg2 February 2018

https://businesstech.co.za/news/finance/222...e-into-viceroy/

 

EXCLUSIVE: Viceroy founder defends report into Capitec

SOUTH AFRICASaturday 3 February 2018 - 12:03pm

https://www.enca.com/money/exclusive-vicero...rt-into-capitec

 

Capitec rejects call for a second auditor

COMPANIES / 4 FEBRUARY 2018, 08:50AM / STAFF REPORTER

 

https://www.iol.co.za/business-report/compa...uditor-13092651

Link to comment
Share on other sites

A couple of articles re a proposed - "anti short seller Bill"

Short Sellers Do Good, So Leave Them Alone

Companies and stock exchanges want to make investors disclose short positions. Big mistake.

20 February 10, 2018, 5:00

https://www.bloomberg.com/view/articles/201...eave-them-alone

 

Nasdaq and the New York Stock Exchange (and possibly Herbalife) team up to help organised crime

Charlie Gasparino suggested in a tweet and a story that Herbalife, the Nasdaq and the New York Stock Exchange have teamed up to produce an anti-short-seller Bill. The Bill forces disclosure standards on short sellers.

http://brontecapital.blogspot.com.au/2018/...change-and.html

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...