PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Under Trump IMB and BATS would have paid a good lobbyist.. not sure it will work under Biden .. Still I’m not sure he will live long .. He looks an unwell man to me
Why the big drop this morning
I had mine yesterday and it’s already been reinvested elsewhere
I’m with Interactive Investor .. got to say dividends are paid on the day first thing and you can use it as soon as the market opens
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Good to see Ratesetter being pushed by Money Saving Expert
Duck man
Funny you should say that ... I put 2k in each of his 5 Aim stocks ... 3 of them in profit so far .. this being one of them which was 20p
On interactive investors a report on stocks likely to benefit from $1.9trn stimulus
Metro Bank chair is sharp cookie
Another chairman spending big on company shares last week was new Metro Bank (LSE:MTRO) head Robert Sharpe.
His £20,000 purchase was made at 123.6p, which is more than double Metro's heavily shorted price in November when Sharpe bought his first shares in the challenger bank to mark his appointment as chairman.
The shares had been almost 150p in February, but suffered a 7% results day reversal when Metro posted an annual loss of £311.4 million and said its all-important net interest margin had deteriorated to 1.22% from 1.51% a year earlier.
While the pandemic was a big factor in the performance, chief executive Daniel Frumkin said the company's turnaround strategy focusing on higher yielding assets was on track.
This has seen it move into specialist mortgages, while Metro has also entered the unsecured lending market through the purchase of the RateSetter peer-to-peer platform. In addition, a £3.1 billion disposal of residential mortgage assets has bolstered the balance sheet.
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Frumkin staked £1 million of his own money on Metro's recovery in November, having taken the helm at the start of last year. Shares were more than 4,000p in March 2018 but were sent into a tailspin by an accounting error and then the impact of Covid-19 on industry sentiment.
The bank, which marked its 10th anniversary in 2020, had 2.2 million customer accounts and deposits of £16 billion at the end of last year.
During his 45-year career in retail banking, Sharpe led the transformation of West Bromwich Building Society, having also been CEO at the Portman Building Society and boss of Bank of Ireland's consumer business in the UK.
Ha PPE
Yep they got it badly wrong on Vaccine .. however
Great Britain has
Most Deaths in Europe per head
Worst fall in Economy
Brexit has led to
€6 billion daily trade loss Amsterdam now trading capital of Europe
Pig farmers struggling
Hauliers struggling
NI struggling
Small business struggling
Shellfish industry gone
Fishing industry gone
Everyone struggling with Bureaucracy due to Brexit
At least 4% GDP loss
I’ve just woke up so I’m sure there is much much more
Luckily for clueless Boris he can hide it all with Covid
Still it’s Friday run after work Thai Red Curry tonight and Peroni is beer of choice tonight
Red day ahead so don’t bother looking today .. Enjoy your weekend all
MTRO is a distant dream at the moment
Paper hands
I’m afraid Paddy was doing what he gets paid for .. To spread dis information and fear amongst PIs to get you to sell whilst his hedge fund buys ... You can usually spot the plants a mile off .. Usually they are too well informed on the markets and shares and know all the ins outs and financials of the stock they are going to work on
Still anyone who thought any bank would post any decent results are delusional.. Not sure how these compare with other banks impairments ... Still I’m sure markets have already penned in bad results but I’m afraid this is MTRO.. Down chin stays