Member Info for m007j

The shorters will have trouble keeping CBG down if it re-enters the FTSE 250. They will have to add to their short positions. Feels like they are stuck.

Why are MMs so evil? They never manipulate stocks higher. They only manipulate them lower to hurt investors. The way the devil only manipulates people to do evil but never manipulates them to do good.

7 stocks dropped out of the FTSE 250 last time it was rebased in December:

https://www.lseg.com/en/media-centre/press-releases/ftse-russell/2024/ftse-uk-index-series-indicative-review-december-2024

Maybe the Mobico sell off was linked to the fact that the FTSE 250 index (as well as other FTSE indices) are rebase according to today’s closing prices. Mobico entered the FTSE 250 in December last year but it looks set to drop out again. Maybe the selling was caused by tracker funds who have to exit stocks which are no longer in the index.

Mobico first announced plans to sell its North America School Bus business on October 12th 2023. In their Q3 Trading Update on that date, the company stated that they had "appointed advisers to prepare the North America School Bus business for sale, with an intention to commence a sale process in early 2024".

This process has taken a long time. Surely it must be getting close to some kind of conclusion.

Stock is getting crushed. A profit warning on the way? Have they failed to sell the US business? Perhaps both? When will we get the results for 2024? Should be soon right/

Why is this stock such a dog? The wider UK and European markets rally but this stock keeps falling? Is it really a conspiracy by the market makers (for some unknow reason) to keep it low or is it just a rubbish company?

Wonder if they can get it into negative territory for the day.

Let's see if the shorters can get the stock down to 315p again by the close.

Chid - thanks for updating us on your feelings about yesterday's announcement from Lloyds. Please keep us posted as your feelings and emotions develop and feel free to share any thoughts or feelings you might about other stocks or more generally regarding other topics such as the weather, health and family issues, politics and geopolitics and even esoteric questions such as the nature of truth and beauty.

Let's see if Close Brothers finishes lower today having been up 7pct at midday. Would not surprise me.

The shorts yesterday and today had a great opportunity to exit from some of their positions.

It's important to remember that interventions are typically allowed when the intervening party can provide unique insights or arguments that may assist the court in reaching a decision. By rejecting the government's application, the Supreme Court is essentially stating that the government's potential contribution is not required for a fair and comprehensive consideration of the case.

This decision does not necessarily reflect on the merits of the government's position, but rather on the court's assessment of whether the government's intervention would add value to the proceedings. The Supreme Court maintains discretion over which interventions to accept or reject, based on the specific circumstances of each case.

It's Ok - whatever the Supreme Court decides can be legislated away by an act of parliament. In the Uk, parliament is sovereign. It is just the Supreme Court showing that they are independent.

CBG getting drilled....how much lower can it go? 250p?

Stock looks to have gone off the boil. The urgency seems to have evaporated?

Thank you Knot.

Knot - I do not understand the significance of CBG's share price close on Thursday and Friday of this week. Why does anyone care, why are those dates of any significance?

Also, are you saying that if the stock remains above 350p it is likely to be re-admitted to the FTSE 250. But below 350p and the stock looks less likely to re-enter the FTSE 250?

The sell off in CBG shares makes no sense to me. The £165m provision it has indicated today just under half analyst consensus expectations of £352m. Company also said the disposal is on track to complete in the coming weeks. So why the drop in the shares?

The demand for CBG shares caused by FTSE 250 index re-entry could be really quite nasty for those with a short position in the stock.