tag:blogger.com,1999:blog-4815867514277794362.post2605615201199601380..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: So which position will Mr Ackman exit: Herbalife or ValeantJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-4815867514277794362.post-34767367211603994492016-08-26T19:45:16.607+10:002016-08-26T19:45:16.607+10:00Personally, would love a Mr Hempton comment on thi...Personally, would love a Mr Hempton comment on this. There are so many possible scenarios and outcomes here.<br /><br /><br />Seekingalpha interesting speculation/rumour sharing (Aug 24)<br /><br />"Adding another twist to the drama over Herbalife (NYSE:HLF), Jefferies has been looking for the past month to find buyers for Carl Icahn's 18% (roughly $1B) stake in the company, according to David Benoit in the WSJ.As if the idea of Herbalife's largest shareholder exiting wasn't enough of a story, the report also says Bill Ackman was among a possible group of buyers.Icahn's sale, of course, would come just weeks after he expressed renewed confidence in the company following the FTC settlement, but he's been a seller of a number of stocks this year amid what he sees as a bubbly stock market.That Ackman would consider buying isn't so surprising given the squeeze his short position is in."Herbalifestudynoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-65238714743731940952016-08-18T16:46:52.092+10:002016-08-18T16:46:52.092+10:00Just throwing this in here
From some blogger trac...Just throwing this in here<br /><br />From some blogger tracking PSH portfolio.<br /><br />Valeant Pharmaceuticals (NYSE:VRX): VRX was Ackman's largest position at 24.90% of the US long portfolio as of Q3 2015. The following quarter saw a ~15% reduction while there was a ~30% increase last quarter. The stake was established in Q1 2015 at a cost-basis of $196. The stock currently trades at $26.60.<br /><br />now, that is a long ride down. Herbalifestudynoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-78246530788997778802016-08-13T02:05:29.594+10:002016-08-13T02:05:29.594+10:00Ackman already has a taxable loss in HLF when he c...Ackman already has a taxable loss in HLF when he covered his short and went to derivatives.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-45984665293208868342016-08-11T23:44:36.106+10:002016-08-11T23:44:36.106+10:00sean:
the caps is so boston: yellin, screaming, ny...sean:<br />the caps is so boston: yellin, screaming, ny wannabees.<br />AS WESAY IN BOSTON WE WOULD RATHER LAUGH AT A WOUNDEN PIGEON THAN A FOOL IN A CASKETAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-29844687386555724802016-08-11T17:01:15.147+10:002016-08-11T17:01:15.147+10:00My guess: He will drop his HLF short, and he will ...My guess: He will drop his HLF short, and he will do it over a weekend, buying shares through brokers from several institutional holders who will sell at a market premium. To be honest, we don't even know how much equity he really is short anymore. Could be a lot of talking and very little short equity and just sitting on put options.<br /><br />With his size in Valeant, despite good volume there, would it not present much more potential return than any possible move in HLF..Herbalifestudynoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-16056399079505483432016-08-08T15:29:10.090+10:002016-08-08T15:29:10.090+10:00Linette Lopez of Business Insider said in an artic...Linette Lopez of Business Insider said in an article that it appears Ackman has about $430M in redemptions coming from Pershing Square. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-5091499919749294552016-08-07T21:58:54.567+10:002016-08-07T21:58:54.567+10:00http://www.smh.com.au/business/banking-and-finance...http://www.smh.com.au/business/banking-and-finance/westpac-rates-traders-roll-the-dice-in-the-bbsw-casino-20160518-goxpcn.html<br /><br />http://www.digitalfinanceanalytics.com/blog/can-we-trust-the-bbsw/<br /><br />http://www.standard.co.uk/business/michael-spencer-icap-founder-tory-grandee-and-party-animal-looks-forward-to-life-after-tullett-a3129936.html<br /><br />Same party animals being paid their bonuses for 'facilitating'. <br /><br />Not to worry - a name change will solve the problem of google searches.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-77153438801855087152016-08-06T19:55:18.209+10:002016-08-06T19:55:18.209+10:00ACKMAN WILL JUST BE WIPED AWAY WHEN THIS WHOLE PAP...ACKMAN WILL JUST BE WIPED AWAY WHEN THIS WHOLE PAPER SCAM OF THE WORLDS LARGEST PONZI SCHEM GRINDS TO A HALT<br /><br /><br />FIGHT ONBLACK SWANhttp://cygnusalts.comnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-32679464696411204872016-08-06T06:40:39.823+10:002016-08-06T06:40:39.823+10:00The CP exit would seem to foreshadow a Valeant exi...The CP exit would seem to foreshadow a Valeant exit as the short HLF position losses would not match the LTG eligibility of the CP gains.Skrambled80snoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-65114066959659438102016-08-06T03:55:22.444+10:002016-08-06T03:55:22.444+10:00Im not sure his closed end vehicle PSH NA will car...Im not sure his closed end vehicle PSH NA will care much about the taxable issue.<br /><br />Speaking of Netherlands Antilles listings, have you ever looked at HAL Trust, (HAL NA), amazingly unknown but a blindingly impressive record from a true investor that no one has heard of. <br /><br />Sandymounthttps://www.blogger.com/profile/00871848316953642107noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-60569166007080792432016-08-06T03:44:18.077+10:002016-08-06T03:44:18.077+10:00I recall him saying a large portion of his short e...I recall him saying a large portion of his short exposure is in the form of put options. Presumable they will expire worthless (assuming some had an Expiry in 2016) and provide the capital loss to offset the CP gains.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-61538891164340969012016-08-06T02:50:04.175+10:002016-08-06T02:50:04.175+10:00PAHPAHGlobalTraderhttps://www.blogger.com/profile/01717693276747483404noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-14863842559903778362016-08-06T01:15:20.513+10:002016-08-06T01:15:20.513+10:00He will not be exiting either one. Herbalife is a ...He will not be exiting either one. Herbalife is a pyramid scheme. The FTC chairman was asked if Herbalife was not a pyramid scheme and she responded saying we would not agree with that statement. Which basically is her way of saying they are a pyramid scheme. he also just restructured his Valeant options, why would he adjust his options for longer term if he was planning to exit ??... He will be looking to take that cash into a new position.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-73197437385686550022016-08-06T00:40:04.979+10:002016-08-06T00:40:04.979+10:00Schadenfreude Mr. Hempton ?Schadenfreude Mr. Hempton ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-17687123319911211082016-08-06T00:27:14.988+10:002016-08-06T00:27:14.988+10:00I imagine the overwhelming proportion of his inves...I imagine the overwhelming proportion of his investors funds are from institutions and thus non-taxable. As for himself and the rest of the taxable accounts, I imagine you're right, but I think he has a few other positions in negative territory besides hlf/vrx.The Shadow Bankerhttp://theshadowbanker.orgnoreply@blogger.com