Member Info for 4PetesSake

I was in my local Santander Bank yesterday and they had 5 screens above the counter showing 5 league tables covering different aspects of banking. I'm not too sure why Santander were displaying this information as it showed Metro Bank in either first or Second place in every single league table. Metro Bank clearly has lots of very happy and satisfied customers and I believe that in time this confidence in Bank will bring about a recovery in the Share Price.

Kitkat

I'm not reading too much into this just yet, just noting that decent sized buys are continuing,. After all we've been through with COMS and then Redstone Connect those of us left here have to be a fairly cautious bunch.

We now know that Spreadex have a 3% stake, but have no idea why or for what purpose. I guess we'll just have to wait and see.

Both huge trades just after 2pm are shown as "Delayed Publication" and are clearly buys. Sells of such quantities would be closer to 80p. Perhaps we'll soon get an RNS to enlighten us as to what's cooking. It's about time.

Peter47

Some laughed at you but you were spot on.

I wonder how may bought on the spike and now find themselves 15% down.

I think those in shorts will be jogging on to the exits ??????

The U.S. Market has now closed wirh the SP ar $6.75 - equivalent to 527p.
It had a day range of $6.60 to $7.66 with the highs at opening and lows at closing.
To suggest a 30% rise tomorrow is pure unadulterated ramping.

There is no need speculate at what price it may open. All you need to do is check the U.S. price on Metro Bank, (MBNKF) which is currently $6.75. That 11.18% down on the day so far and this is in spite of them knowing all about the placing.

Based on the U.S. Price and activity, this could open fairly flat tomorrow with the shorters holding their positions.

You Can't write off everything that Motley Fool write - That would be foolish.

Calling the bottom is never easy and perhaps we haven't got there yet.

This may have been posted before as it is dated 14th May, but some may not have seen it.

Today, I’ll be taking a closer look at the list of most-shorted stocks on the London Stock Exchange. Shorted stocks are those in which hedge funds and other sophisticated investors are making bets that the share price will fall. The hedge funds don’t always get it right, of course, but quite often they do, so it pays to be careful when it comes to heavily-shorted stocks. With that in mind, here are the three most-shorted UK stocks right now.
Metro Bank

According to shorttracker.co.uk, challenger bank Metro Bank (LSE: MTRO) is currently the most shorted stock in the UK, with nearly 12% of its shares being shorted.

Now, Metro Bank shares have already had a shocking run over the last 12 months, losing over 85% of their value. They were down another 11% yesterday. Much of this has been related to the fact that the group has been trying to raise £350m to fill a hole in its balance sheet after an accounting error led to some loans being assessed in the wrong risk band. This capital raising will dilute existing investors’ holdings. The bank may also have to issue a significant amount of debt. Despite the significant share price fall, hedge funds clearly still think the stock will continue to decline and they’re loading up on short positions to profit from continued share price weakness.

Like many others I have been tempted to invest here but can't get away from thinking about the saying, "Dont try and catch a falling knife" and to "Beware of dead cat bounces". This like PETS may recover from being the most Shorted Stock, the question is, WHEN???

I meant "Their".

Well it looks like they’ve picked up another 60,000 today. it would be nice to know there rationale for doing so.

Hundreds of Millions of new investment brings dilution. It will steady the bank and restore Customer and Investor confidence but the SP is initially likely to fall further towards the price at which the new money has come in. Hopefully it will then reach a new low from which it can recover. Today could be a rollercoaster.

This week has so far seen some large rounded transactions and altough we can't trust LSE to get it right as to whether they are buys or sells, the increase in the offer price would suggest that there are more sells than buy. It would be a nice surprise if some of these were Director Buys, but I'm not going to hold by breath on that one. We needs something positive to get out of this stagnation.

I have looked in here since mid 2017 when these were flying at over 21p. So what's caused the downturn?

Surely anyone thinking of buying anymore will NOT do so in the OO, but rather buy them on the open market. A couple of days ago you coulld have bought for less than 1p. That was the time to buy, not at 2p on the OO.

So satisfying to see shorters getting burnt and as more of them exit licking their wounds the SP will continue its new upward trend.

Fulham FC - You were spot on about the record Christmas Trade. Keep updating us with your insights.

Thanks for the link Kenny.

With the splitting of the business I was wondering when we would get the full year results. FB answered that saying it will be next month.

An international Bank with over 86,000 employees in over 60 Markets; Not too many banks fit that bill. One bank that does is HSBC, although there may be others. Whoever it is, it’s a decent sized customer to do business with.

This article on Directors Talk is is fairly similar to the RNS. http://bit.ly/2KyyFBL