I think the implications of JP Morgan's disclosure of buying 5.25%+ of $SIVE is a lot greater than people think.
> $135M is pennies to US institutions. They can easily acquire 25% with their capital.
They're just constrained by the amount of float that's available from retail to buy.
> Signals to other institutions that other large institutions are buying up the float.
Which triggers more institutional interest.
> Given float is heavily shorted by Swedish Hedge Funds and random algorithmic ones.
If large US institutions like JP Morgan are starting to buying the float, it's a blaring signal to start and cover.
Of course, most of all, this is validating thesis of giving ideas to retail first to frontrun the institutions + the next CPO supercycle.
@HMRCcustomers I need to speak to someone as I’ve just tried phoning twice which took over an hour and was cut off both times. It’s in relation to tax relief on mileage.
Thanks.
@HMRCcustomers I submitted a claim on 07/11/23 and it shows complete online however I’ve had no response to say whether it’s rejected or accepted. Can I arrange a phone call to discuss?
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