RE: HUR- Further Short Reductions Noted Here Today!8 Feb 2021 18:32
the 0.1 reduction kinda proves how hard it is to eke out at this price. either more volitility and auctions to come or the MMs have to move the price higher to allow further closure.
that is handy. thanks. but begs the Q - why should it? 1. we are not out the covid woods yet. 2. NIR not off the table. 3. no DIVs yet / or for the non-DIV cos (like MTRO) the model has changed.
- tis why an anti-matlot non-buy-out further diversified MTRO is what i'd prefer. i sense from some of your recent posts you are of the same mind.
Cud - as is, 190p looks about right. I was hoping today would - other than provide a tastey profit - would reset a highwater mark for the 52 week ave. if the shorts have have up tomorrow then a clear sign perhaps that the SP is being controlled for the takeout (Bacal?) at 180p.
someone talk about MTRO entering the subprime market - and the suggestion was shot down by some. i suppose that might be a lingering thought from the Twitter ramps months ago that MTRO was going to buy AMGO. But, I think if MTRO is a community bank there might be some merit. If MTRO is not the target of Marcus or Chase - which I hoped last year, then i have mentioned elsewhere why i think MCL should purchase the HCC part of NSF. MTRO could then acquire MCL as part of community bank diversificaiton. MCL is rolling out a digital platform - b/e point approaching. the subprime market is expanding and will expand with the imminent layoffs. i think it could sit under the RS unsecured offering., retaining its own branding.
the BOE have given banks to prepare for NIR. tred carefully peeps. furlough phasing out. vaccines waining against varients. doubt it will be relevant though, the 52 week ave is almost below the matlot "it will never go below" zone - for all those that recall. i fully expect a buy out sub £2.