PIC – Pace – short positions

The new transparency rules on shorts – very interesting. Be sure to peruse the following site updated daily:
http://www.fsa.gov.uk/static/pubs/international/short-positions-daily-update.xls

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?

Advertisements

About mcturra2000

Computer programmer living in Scotland.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s