The new transparency rules on shorts – very interesting. Be sure to peruse the following site updated daily:
I’m now more bullish on PIC (Pace) than I have been for a long time. I’m happy to hold for now, although it’s still a risky share. Always has been, and probably always will be.
As others have noticed on the BBs, AKO Capital has a 3.55% short on Pace. It’s the fourth-largest in the list. Pace’s operation have been gaining a lot of momentum lately, Allan Leighton and Mike Pulli seem to be progressing the business well, and according to Stockopedia’s statistics, analysts forecast a 22% increase in EPS for 2012, with a forward PE of 8.3. Seems like a risky short.
It looks like they’re asking for trouble; but hey, what would I know?