Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A Swaledale Sheep farmer was out on his quad attending to his flock in a field near to his farm when suddenly a brand-new BMW raced down the lane towards him. The driver, a young man in a Brioni suit, Gucci shoes, Ray Ban sunglasses and YSL tie, leaned out the window and asked the farmer, "If I tell you exactly how many sheep you have in your flock, will you give me one?"
The Swaledale farmer looked at the man, obviously a yuppie, then looked at his peacefully grazing flock and calmly answered, "Aye aye, why not"
The yuppie parked his car, whipped out his iPad and connected it to a mobile phone , then he surfed to a NASA page on the internet where he called up a GPS satellite navigation system, scanned the area, and then opened up a database and an Excel spreadsheet with complex formulas. He sent an email on his iPhone and, after a few minutes, received a response. Finally, he prints out a 150-page report on his hi-tech, miniaturized printer then turns to the farmer and says, "You have exactly 1586 sheep."
"Dam, that is correct; take one of my sheep, as I have promised you boy" said the farmer. He watches the young man select one of the animals and bundle it into his car.
Then the farmer says: “If I can tell you exactly what your business is, will you give me back my sheep?"
"OK, why not." answered the young man.
"Clearly, you are a management consultant." said the Sheep Farmer.
"That's correct," says the yuppie, "but how did you guess that?"
"No guessing required boy" answers the farmer. "You turned up here although nobody bloody called you. You want to get paid for an answer I already bloody knew, to a question I never bloody asked, and you don't know bugger all about my business. Now give me back my dog!"
Monty Python have to make this Brexit sketch....
Boris.. Theresa your deal is terrible, resign and I will take over and get us a new deal
Boris becomes Prime Minister and heads over to Europe...
Boris negotiates the same deal but with the Irish Back Stop taken out to please the DUP.
DUP.. We aren't happy with the new deal and wont back it.
Public Crowd (so fed up of BREXIT) Boris that's brilliant well done, look what you have achieved..
Jeremy Corbyn (JC)..... he is not the messiah.... he is a very naughty boy....
Who said politics isnt funny..??????
Here is my take on it.. the shorters have been kicking hell out of the bank knowing the BoD cant really do a lot. The BoD have been sitting outside witnessing this unable to offer support until after results.
If I was the shorters I would be looking to get out the room before the door is open, so even if the results are average, I think there will be a stampede some time before the 23rd onwards to exit and take the profits, there cqnt be much more to profit but plenty to lose.
They will want to do as much damage as they can prior to this but just watch this space and this SP is going to boom next week.
Also I think there are plenty of people looking to drive it down to get in on the 23rd too. IMO
I will be holding my small stake until at least December and probably beyond.
The shorters have over 10%, the biggest trades here are only 10's of thousand, they will be looking at acquiring millions and more so they can benefit from the uplift when t comes they must be fairly desperate now realising there isn't enough volumes to get out quickly and a big good news story and they are fried. IMO
Today's hero is yesterdays fool.
Nothing more true in Metro case... as the price climbs the bears are idiots, the bulls are successful. Then Metro Bank has a habit of swinging around and all of a sudden the bulls look foolish and the bears are genius's..
Who is tomorrows Jesters? none really knows but noone has more doubt than if you are on the right side than yourself.
Forget charts, the only consistent thing I have noticed about metro shares is that when the rampers get excited the share trade is flat or falls and when the derampers gather, the shares are in for a good day.....
Just remember this is Metro Bank. The shorters want to get out but the volumes wont allow them to make a swift exit, so they need to allow the shares to rise and fall quickly allowing them to hover up as people panic. I expect this share to rise drastically and fall drastically several times before this game changes. The only observation I can see here is when the rampers are out in force the shares fall and when the shorters are out the shares rise. All holders here are being played.. dont kid yourself you are in control. IMO.
Ok you are holding 1billion shares in Metro, you think I can give these shares to a shorter who will give me a good cut of the profits they make, or I can get rid of them... if I get rid of them I will get 100% of current value. Or I can lend them out, the shares will drop 30% i will get my shorter cut, then when the shorters get out the share price will return...
Or alternatively, the institute loaning them out see metro as a threat and wants to undermine them or wants to drive down the price so they can acquire them (maybe that is the board wanting to privatise again, hence the poor defence?)..
Either way, I am long and if I lose it all every day is a school day... I only play with money I can afford to lose.