Member Info for klishen

3 months already since we plauded the CBG re-entry into ftse250 and next review date is Tues 3rd June. With yesterday's sudden lurch below 330, I wondered could the Shorters possibly be limbering up for a concerted attack to force us out again? Currently around 20 companies have lower MCAPs, so the answer is of course inconceivable :-)

After such a solid and confidence boosting update, fascinating to see where the shorters go from here prior to SC announcement, hard to see where is the fear or catalyst they need is going to come from? I imagine too many buyers (including me) ready to step in on dips. Will it be too much work keeping lid on price and they decide easier prey lies elsewhere? Looking forward to Knot’s take later on!

Just a guess, but sentiment may have been boosted by Lloyds in their Q1 IMS this morning when they stated they did not alter their motor finance provisions. Also markets quieter today as European exchanges closed for Labour Day.

With tariffs now paused for 90 days (DOW up over 2200 right now) looking forward to tomorrow morning!

May well be until enough is said to see where outcome is likely going. But so far market likes opening gambit!

Watch live here https://supremecourt.uk/cases/uksc-2024-0157

Yes indeed, CBG is still profitable once the “noise” around motor financing has been filtered out. Encouraging points I took from yesterday’s webcast presentation include: CBG was positioning itself for strong recovery once the Supreme Court decision is made. Reduction in target NIM (YoY) was actively being addressed with cost reductions already showing through. Risk exposure across all its 25 sub-businesses is underway. Selective loan book growth implemented. The CEO appeared very confident that the provisions made (and completely written off as operating loss in the accounts) will cover any liabilities.

Some calm seems to be restored after yesterday’s predatory frenzy. With FTSE 250 re-entry this Friday, I imagine some rational fund managers are taking a very close look and will seize the opportunity before them.

PS: For those that understand finance better than me, CBG is trading at around 0.25 price-to-book which looks very attractive, even considering current pressures – Am I missing something? I would greatly appreciate some views.

Citigroup downgrades today on both BT and VOD. BT PT cut to 238p from 275p.

MMs big mark-down has been on lightish side volume so far. We'll see if buyers step in once US markets open.

A challenge to Amazon's dominance in Europe and involves BT Global Services.
https://www.bloomberg.com/news/articles/2018-07-09/alibaba-in-talks-with-bt-for-cloud-partnership-in-europe-push

Jefferies upgrades to 'buy' on re – ordered priorities. PT 245p Maybe worm is turning at last?

BT will be hosting a Consumer Briefing Event this Thursday to detail their consumer strategy. Hopefully market likes the news and sp recovery begins! Here is an excerpt from last week's earnings call: Marc David Allera - BT Group Plc I think the first thing I want to say � first of all, let me give a little plug for our business briefing that we're doing next week. We're going to go into a lot more detail and unpack the consumer strategy. And it really builds on what we've been talking about this morning, which is differentiation. It's differentiation on network. It's differentiation using convergence where we're uniquely placed to lead in this marketplace. And it's differentiation in terms of customer experience and branding as well.

With last week's bad news "kitchen sinking" we may finally be testing the very bottom at this point? Looking forward to this Thursday's (17 May) Consumer Business Briefing announcing upcoming converged product offerings to hopefully turn sentiment around!