One more angle - and the reason I hold a position - SABA capital are currently 0.85% short, and that short is a little underwater by my calculations. I wonder if this is partly why Griffiths has got involved. He is doing a similar thing at NCC. He actually took his stock at peak fear, when the shorts should have covered. If NFG can publish some positive news, SABA are going to be in trouble. Citadel are closing now, probably before results, leaving just Saba. I caveat this with SABA are not your usual outfit, they have not closed any shorts they are in so far this year. Its like they are hedged short for the long term. We saw from the investment trust saga they are not afraid of a bloody nose. I guess all their positions may net out as a winner but I think NFG and a few others they will lose. I will post my own article about other Saba shorts soon. Thanks for your article, I have been in NFG a good 6 months.
Thank you very much for sharing your point of view. I agree with you, any positive sign (even a mediocre one) could reactivate the share price. The closing of short positions would help to push the share price up. They will publish their results on 30 September, so we will be keeping an eye on them.
I did some research and found that he is a private person who rarely gives interviews or appears in the media. I am analysing his investment strategy. I have seen that he is very interested in technology. An interesting character who is little known, at least internationally! Thank you, Dartron, for your comments!
One more angle - and the reason I hold a position - SABA capital are currently 0.85% short, and that short is a little underwater by my calculations. I wonder if this is partly why Griffiths has got involved. He is doing a similar thing at NCC. He actually took his stock at peak fear, when the shorts should have covered. If NFG can publish some positive news, SABA are going to be in trouble. Citadel are closing now, probably before results, leaving just Saba. I caveat this with SABA are not your usual outfit, they have not closed any shorts they are in so far this year. Its like they are hedged short for the long term. We saw from the investment trust saga they are not afraid of a bloody nose. I guess all their positions may net out as a winner but I think NFG and a few others they will lose. I will post my own article about other Saba shorts soon. Thanks for your article, I have been in NFG a good 6 months.
Thank you very much for sharing your point of view. I agree with you, any positive sign (even a mediocre one) could reactivate the share price. The closing of short positions would help to push the share price up. They will publish their results on 30 September, so we will be keeping an eye on them.
interesting idea, thanks
RG is a very interesting character, nicknamed the welsh wizard. If you search for him, he has been - and is - in loads of stocks. https://www.thetimes.com/travel/destinations/uk-travel/england/london-travel/richard-griffiths-fqb98zst537
I did some research and found that he is a private person who rarely gives interviews or appears in the media. I am analysing his investment strategy. I have seen that he is very interested in technology. An interesting character who is little known, at least internationally! Thank you, Dartron, for your comments!