Member Info for Figgsey

My gut instinct is still that in the short term the price will drip back down a little more. Then one day I wake up to read the news about such a tie-up happening. There is no smoke without fire. And private equity firms have thrown so much $ at Metro to keep it ticking along that it won't fail.

The stock is a bargain and short interest hasn't helped. My beef with the LBG theory is that LBG has been disconnecting itself from the high street. Banks are closing stores and will do so in the following years. Business strategy for high net worth is more up LBG street. The business case for Metro - flashy stores + good customer service is just not strong enough. It had more weight after the credit crunch. But a void in the market was quickly filled by online challenger banks. And even Zopa has a license these days but a niche product.

Thats my take with some other stocks. Initially I thought it was a bot as the volumes were high and close in terms of time. They try to move price to it stops. But I tend to think that the size reported is just wrong.

Is it my imagination or has performance declined since the July selloff? I guess there is high correlation with FTSE and perhaps some seasonal factors at play.
But more generally, if say a global IT has no correlation with the FTSE 100 but there happens to be a general selloff would I be correct to assume that even global IT's do not really provide exposure to other markets as these are ultimately traded on LSE...

I was just thinking that too. Good luck out there.

Well yesterday I became the proud owner of ITV even though I 0am 6.1% down. I was itching to buy and intend to keep for beyond my wretched life. But I will never suss out how trading near/on a news day works. I always get it wrong. Look at TW too. Is bizarre that the price is down so much on good news.

Market smelt sulphurous rat

Cheers buddy. I actually feel quite proud to own this stock. Owning good quality such as this is priceless. Far better than some crummy investment trust or expensive fund. And more fun.

Well I bought at the open and yes a classic mistake. Price is down. But I have been itching to buy for ages. I am a happy ibunny as I plan to keep regardless of price action. This stock will outlast me.

That is the bulldog spirit.

Cheers, yep

Any thoughts re what to expect? Most folk seem to expect good news.

Its worrying that most banks with no HK exposure got a top up today. But not MTRO.

Why is the price down so much today?

And son't forget Solvency II capital adequacy regulations. Authorities will come down hard on any firm that deviates from their internal capital model.

I have never seen large fat candles drop so fast on a chart. I missed it but that was some fall.

Yes, thats my take too. The stock is cheap as chips and a dividend king. Good cash flow. So for long term investors only perhaps. Cheers

Do I take the dividend but expect the price action to fall back down again. I don't know... there doesn't seem a biz plan to grow earnings.

Interesting. Not sure why up though by this amount.

So my holding goes down again but have the dividend. Thats what everyone says about terminal decliners like Imperial.