London South East Oil & Gas Investor Briefing with guests from Coro Energy & Eco Atlantic Oil & Gas - Book Now
Tiger, lets agree to disagree.
If the shares were worth £4 and that was obvious to people who do this for a living then the small time Hedge Funds wouldn't stand chance. It's collectively a £20+ million stake in a market that trades tens of billions a day..
It would be pi55ing in the wind if they weren't on to something..
FWIW I cant stand them either because I don't short shares, but it's easy money for them most of the time..
How about an alternative no axe to grind i'll buy when I know more, non derampy view ?
What might happen if the numbers are poor coupled with negative forward guidance (£33 million more on the balance sheet) and ongoing FCA concerns ?
What might happen if the SP drops another third and it then makes the news that it's dropped from £40 to 1.something quid ?
What might happen when Beryl and one or two of her mates start queuing outside one of the shiny new highly priced branches to withdraw their money ?
It's not as cut and dried as most on here say, otherwise we'd all be buying. Hedge Funds are not the problem it's the company and it's directors that are the problem...
Too many paralysed by fear now. Lots saying "they feel" the results will be good but no-one buying because they don't really believe it - or they've burnt through their stash and aren't able to.
So it's now an easy game for the Hedge funds as they don't have to waste too many shares to keep the price down - despite the few new local celebrities who've bought a small amount as a punt.
It's not a conspiracy - you can analyse as many trades as you like. It's FCA and the numbers unless you get lucky with a very very very unlikely Bid...
It will drift Monday/Tuesday and then who knows..
dogger this board isn't really the place for balanced financial advice, especially as we don't know your personal circumstances.
A couple things to consider though (pros and cons).
What will make you feel worse, keeping them and possibly losing more, or selling them and missing out on the possible upside that you thought you would get at outset. jimjam's 50:50 shouldn't be entirely excluded as a strategy.
Before you decide, are you likely to make capital gains elsewhere in your lifetime - Property/Shares ? If so you can crystalise a loss on Metro and carry it forward indefinitely. Be aware that you can't buy the same Shares back within 30 days if you want to use that loss..
Best advice though is once you've made your decision puff your chest out and don't look back, it will eat you up and take up too much of your downtime otherwise - learn from it, we've all been there. You learn nothing from the good days/trades, it just reinforces what you thought you knew before you get a few bad days..
GL either way..
Buckler - I'm out again already.
I thought the numbers were positive enough for a SP boost, sadly the broader market and the majority of burnt PI's hate this now and don't trust the BOD. Ive been in and out before with very minor damage so don't want to spoil it.
I'll await the next RNS and re-evaluate.
jim - my views. On the board of top 5 shorted stocks it's just below TCG and a few spots up from DEBS. My mate tried to short them yesterday (he does commercial leases) as he's looked in to the company and thinks it's a basket case. He couldn't as there's probably a shortage of stock to short.
The lack of anything positive for weeks from the BOD says it all, closed period my @rse, it's being beaten up and no-one is taking ownership - why is that ?
£33m on the balance sheet is a huge problem going forward with a high street that is going quickly backwards with everyone else going online. Doggy biscuits and safe deposit boxes - really ??!
Best bank for consumers won't cut it - it's the numbers, the FCA and the shorts that will decide it's fate now.
The day to day guess the share price and death to all non believers on here is a joke, so i'm just sat in the background smiling whilst the rampers start to turn in on themselves...
I'll get back in if and when it's no longer a punt..
Thought it would revisit lows, I still think that.
Results won't be good which is why the shorts have increased, far too much background noise in light of nothing positive at all to report and headwinds still massively in play.
It goes down every day whether the banks are winning or not - smelling the coffee yet ?
It was 40p not just 1.2p, what investment isn't a risk and reward play ??!
Anyway make your own decisions, I've bought and will add incrementally unless I see something that changes my view from here. Of course it's a punt I get that..
Why a fund raise when they had enough cash with no new orders ? And they couldn't go to the market again anyway.
Market cap currently equivalent to the cash in the bank so everything else is worthless unless they just waste it - hardly.
You go short I'll buy some..
They've spent on infrastructure to create revenue, thats starting to come in with 2 new recent orders. Strategy and focus shifting which is a good sign, costs/waste being drastically cut also positive.
Either it will get there or will be taken out, but most of the really bad days could be behind them though..
Still a risk but thats why it's priced to fail..
Ahhh stop it now, you’ll be making my barrage balloon head even bigger than it already is.
Shame to trash this site with our fallings out but it’s been a good lesson for me. If you look at the shares I post on, I only take issue on a couple where I have an interest (a little knowledge)and where rampers are rife. Mainly Vog, Metro.
I’ve genuinely tried to help and save people money. I’m not short so why be negative otherwise. Especially as I’d buy both if there was more transparency - at even higher levels.
I don’t need the angst, and generally most people in my industry whether they’re right or wrong charge for their time and advice. Maybe if you’d have engaged the Yellow we could have learnt from one another - which may have been better for all concerned. Maybe not ?!
That’s your prerogative, I could tell you why it’s true but you’d probably throw it back at me.
You didn’t bait me, you’re probably spread betting metro (long) and took issue with my questioning the rampers why now was the absolute best time to buy them ?!
1. You couldn't be a client.
2. bait me really - do me a favour, with your personal attacks you bit off more than you could chew and have been trying to unravel yourself from it ever since.
3. no access to client files or data from the mechanism I post on here from
As I said enjoy the Rally, you'll fit right in..
Thanks, you chose the Red side - deal with it.
Agree with spredbetting on certain instruments that are hard to trade otherwise.
90% cash after selling banks on Friday - just short indices and long on the Vix since then.
Let's see if Brexit and US/China is done as the market perceived on Friday ?! Either way we'll have a sell off in the next 12 months then I can have some fun. That's my view, that is what i'll be getting in and out of and will set my strategy on until it happens. I am interested in small 2/5/7% gains but lots of them. Firstly because for me it's better to jab jab and not get hit back, and secondly I can retire if I want to but I don't want to... so it's for fun and not born out of necessity to pay my gas bill.
My head is the size of a barrage baloon, doors are the least of my problem.
Enjoy the rally..
Didn't have to go back far to find what's probably behind this lashing out. A few thoughts as we're in the business of giving out our free analysis on one another.
So based on below and a few other things I've picked up here goes :-
1. Approaching or not far past age 70 but unable to retire as the huge intellect hasn't really been commercially any good when it comes to making money.
2. Annoying as you'd assumed early on that being better than everyone else you would do better than everyone else.
3. Spreadbetting as you haven't really got the funds to trade having tied up your penny jar in cr@p shares that you can't get out of - no-one really speadbets on shares unless they're skint and has to gear..
Your recent words.. ""If your float is big enough for dividends to be interesting, that's good. I have some graft to do before that. That said though, KMR's dividends will be welcome and interesting (especially moving out to 2021 and 2022). I'm in a capital compounding phase. I've also hit that pleasant age where I earn well but don't want or need much""
How am I doing so far, shall I go back a few more months like you did and see what else I can come up with ?