Over the weekend I read that there is a delay in completing the ABRDN/Standard merger since the relevant document ahead of the necessary General Meetings comes to 120 pages and the printers are short of paper to produce the 1,000,000 copies required. Given that hardly any of these copies will be looked at let alone read, the law has imposed an entirely fatuous bill of the order of £5m upon the merger partners.
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I have shorted Knights (KGH) at around 370p in the belief that this company’s time in the limelight has come to an end. Note director share sales.
It is hard to borrow stock but it is possible and the lending charges are reasonable.
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I contemplated shorting the UK long gilt this morning but was instead directed to short Euro Bund. Regardless of what happens in Ukraine this inflation bug is all over the place. Apparently it is the Euro which will get it most in the neck.