Member Info for FangKat

Manfor, re "So it is difficult to understand how CBG shares are still under £6"

The share price is totally in the control of the multitude of shorters, they can and do move the price around at will. They will not stop until something newswise occurs which gets other investors interested into buying (or of course selling). Only way to make some money is to follow the shorter activity and pick up some on their lows, and try and guess when to get out again as they autobot the price back up. This is different obviously from holding whatever quantity of shares for the longer term for when things get settled in which case the current share price can be ignored. imo

The thing the fca has on it's side is should the banks go for court action the matter is going to last for how long before being settled - many months for sure. Banks surely will want to get this out of the way as others have mentioned, so likely to compromise. This could be over and settled before Xmas if a deal is done. imo a compromise is the most likely scenario, and probably quite shortly. Similar happened with the builders when they accepted a deal and just took a share of a few million quid fine. I appreciate there is a lot more money re the banks but compromise often is a result is my point.

Knot, what was the question which generated that response?

Tks fr replies/opinions. Thinking of getting some more but as with hbr am somewhat heavy already.

Think I read that Total have first opportunity to buy it at the same price as currently offered by Serica, any thoughts whether they would want to do this. Could it become a bit more of a bidding war if that happened?

Agree with that re watching LLOY, gives a more balanced idea of how this issue is going, not affected by aggressive shorting. Pity their chat board is so crap. Got some more CBG today, hopefully money for old rope.

My pair are BTRW and I have a lot TW as well, so we both want the good luck Aspers.

Yep, surprised - thought it most possible when something international occurred like trumpy invading the Isle of Wight or perhaps when the useless bank clerk does her thing in a few weeks time. Shorters certainly do control this as they have for a long time.

Got my "unlikely" 461 limit, too early it seems so far, this drop is crazy

Similar Aspers except I went for BTRW. Still cannot get over thinking Tate were about sugar and syrup which is why I got too many on the drop and got them too soon!

Come on you 2, don't turn this board into something like the lloyds one.

Well under 4 quid would suit me but I just like trading rather than holding these days. Biggest danger to the price might be from when the bank clerk does her budget - if as rumoured sometimes the woman does a windfall tax on financials. Whether or not the likes of cbg would be affected by it would not stop an overall hit on any financial stocks surely.

Don't know about a losing battle on price SG, I still have a limit 461p buy running and it could still take. Shorters are in control of share price imo

You might find https://www.dividenddata.co.uk/

useful for divi info.

I have a load of these, worst at 5.345p and lowest at 3.23

Got to where I gave up averaging down as it just seemed to be going nowhere.

Hope at last this comes good.

Looking at the price, maybe I should stick to what I know !

Same here, never occurred to me to check as just thought they were about sugar/syrup still. Am an idiot.

Me too, just over 396p 1.5k

On what the share price will get too on the 8th? Maybe 405p is quite possible?

You think so?, wouldn't bet on it. Got a couple of buy orders in sloping around the 460 mark, just waiting for the shorters to do their thing - again.

Look at the trades, it's simply the shorters enjoying themselves