Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Odey thinks their business model is unsustainable. Maybe he cannot see the $100bn backing this.
anyone thought why crispan odey has got it in for metro so much?
No, I don't care either should have come out in March with No Deal.
Come on Ginger spill
Don't care let's just get out asap.
Come on Ginger divulge !!!!
Your not making recommendations just stating the companies you are referring to with no implied advice. I too would be interested.
Brussels will agree to removing the NI Backstop and we will leave with a deal IMHO
Wasn't my intention to be a tease, just a comment on the current state of the markets the way I see it.
I wouldn't mind saying but I think it's against house rules to make recommendations
Please divulge who?
There are lots of great investing opportunities around IMO. Several companies trading not much above (and sometimes below) book value
....PM will go to the public (loaded to the hilt with lies and propaganda ) and have GE
IMHO - Brexit won't happen, PM will go to the public and have GE. He won't get through the Westminster, too many things stacked against No Deal.
Brexit with a deal still implied at 60/40 likelihood.
Chris, yes, I do think her purchase was an attempt to see if they could turn the price around. Whether this is the entirety of their fire power or they plan more will be interesting to see . I cannot imagine that the company will be very happy to be demoted. If I was in their position and had the money/influence it would be very tempting to try to burn the shorters….I assume the shorters are relying on buying up the shares that the trackers are selling to avoid ramping the price too quickly. If it does not go out the 250 then things will get very interesting.
What I have not been able to discover is what % of this (or any companies) shares are held/affected by trackers. Assumedly some of the larger investment companies must just move them from, say, a 250/350 tracker to a small cap tracker or a special situations fund rather than selling, but clearly there is still a large volume of selling/buying with the index changes. It would be interesting to know if sells from trackers were potentially likely to be less than the 10% of shorts held.
Porker, I agree they will bounce but it does not negate the short term pressure as investors take positions to take into account the index changes. I was in SAGA at the end of the last rebalance and it was a similar story with many not understanding why it was being sold off so strongly (it bounced after). In converse I had a small position in OXIG when it was moved off the reserve list into the 250 mid quarter -absolute massive short term buying. I have some positions in others around the boundaries and it is easy to see how their share prices are distorted. Arguably, if you are prepared to hold for >3months then this is a great opportunity to buy metro.
Fascinating this, learning curve for me.
Think MTRO so would need to hit c. 305p to stay in 350, so shorts strategy clear to hold around current levels. Think this is less about a further drop and more about easy exit buying from tracker sells without potential squeeze.
Question for me is was the Mrs Hill buy to test water on what’s needed to get it back / do you think bod will be fussed about losing 350 status??
I suggest you review the shares leaving the FTSE 250 last time and see their performance since ... shares often drop on the "fear" of dropping down but then climb almost immediately afterwards ....in many cases the change from one level to another doesnt actually have much of a bearing...performance and market/sector sentiment do
Easyjet fell out of the FTSE 100 but the share price rose from a declining 854p to 1100p soon after ..
" June 2019 - stocks leaving the bottom of the FTSE 250 for the Small-Cap index are online gaming firm 888 (888), investment company Civitas Social Housing (CSH), drug-maker Indivior (INDV), retirement-planning firm Just Group (JUST), infrastructure group Kier (KIE), specialist insurer Saga (SAGA) and logistics group Stobart (STOB)."
Thanks Monkshood so it can be seen as a positive. As the trackers unable to buy and the shorts can close and make money on the way up. Interesting....
A downward pressure that is not really related to whether it is 'sensible' I think it is a negative effect of the amount of money now in 'unthinking' trackers. If the price then rises over the next quarter to approx 400-410 (which is very likely)it will be automatically reinstated to the 250, as a consequence all of the trackers will have to buy in again. So the shorts gain and the trackers loose.
So what does that mean?
Great that's all we need....
It is when the iFTSE Russel announce which companies are going in (or possibly in this case) out of one of the lists. The changes are then implanted at the end of the month. If metro goes out of the 250 (to small cap) lots of trackers will have to sell, it is why I think that they are keeping the short pressure on.
What's happening on the 4th Sept? Are they announcing some results / update?
They do seem to be finding it harder to keep a lid on it now. The margins for them to make money from further price falls are also reducing altering the balance of risk/reward . Next week will be interesting as volumes could pick up with the holiday season ending and the run up to the 4th
ENA up by another 0.25%. Now 1.5% bit risky to be holding such a large amount for a puny fund.