Member Info for Racing_Green

Can anyone see anything tt justifies Odey's short at ~110p? I can't.

Regards

RG

Odey doubled down on their short when the share price was ~110p. At today's close they are sitting on a loss of just over £1,000,000 from that. On the one had, Odey have historically pretty much called it right when it comes to Metro. On the other hand can any of us forsee circumstances that would now drop the share price back below 110p? Another accounting blackhole perhaps but ex that I can't see it happening. Even if it did happen, Odey mistimed their short by not waiting until now to do it. So to answer my own question, no I don't think we should be concerned by Odey. Unless, of course, they know something we don't.

RG

The share price was 110p on the 15th December when Odey essentially doubled down on their short. On the one hand, they have been pretty much spot on so far. On the other hand, no one is ever always right. I bought back in at 79p at the end of September. What price by the end of February? Do Odey know something that the rest of us - and seemingly the market - don't know? Watch this space.

RG

The vaccine testing wasn't rushed. What was rushed was the time required to obtain the funding. A typical drug development can take a decade or more. Most o that time s spent trying to secure funding and then trying to set up test/control groups. In the case of the covid vaccines, both these delays were eliminated, hugely accelerating the development programme.

Yes China has a vaccine. Its not very effective and its not been nearly as widely deployed within China as our vaccines have been in the UK. Plus, because of their misguided zero covid policy over the last couple of years, they have little acquired immunity from infection. While the west has learned to live with the virus, with high rates of vaccination and acquired immunity.

It should always be a choice whether you have a vaccine or not, but I am not prepared to return to masks and movement restrictions to protect those that refuse vaccines.

RG

Well, we aren't going to agree on this. Right at the start of covid I remember reading an article by an epidemiologist who said that the most dangerous thing was that everyone now believed that they were experts in the field, rego training or experience. Applies to us all, self included.

Maybe we can agree on this: please get vaxxed. Get boosted. Take responsibility for your health and well-being.

RG

Is our government making the same mistake as two years ago? I am not so sure. Two years ago (actuallynnearly three years ago) we had no vaccine and no post-infection acquired immunity. We also had no viable treatment and a much more deadly, albeit less transmissible, virus. All those conditions have now changed. We have a well vaccinated population with relatively high levels of acquired immunity. Surely the more appropriate lesson to have learned is to look at China's failed zero covid policy and recognise that border controls are at best a placebo effort and at worst a waste oenergy and resources that would be better employed elsewhere. Omicron is here. It has been for the last year. We are living with it. Whether we do or don't test arrivals from China isn't going to change that.

RG

..... for Matlot to return?

RG

I'm with NotBot on this one. I think the risk of losing out from hanging on for a few months is outweighed by the possibility of a counter-bid.

RG

Likewise, drop by now and then. I've reduced my exposure across the board (well pretty much) pro tem. I think the next 12-24 months will be rough, not particularly Metro, but will be ack in when I feel the mo.

RG

Jay
If only it were possible to get a definite, guaranteed straight answer to your, questions. It's a bit like asking which horse will definitely win the next race, or whether Arsenal will finish in the top four this year. No wait, after last night , I think the last of those can be answered!

RG
(Birn and bred in Newcastle)

I think there's a saying that the first profit is the sweetest. I'm sure we've all been guilty of hanging on to stocks for too long waiting for just that bit more and then losing out.

RG

Condemned for what others fear you might do in the future and not what you have done.

Still at least there is life on this board again. It's been a while.

RG

Interesting link Theosus. I wasn't aware they'd scaled up use of 3D concrete so far. It would be very interesting to know how much they are using on HS2. Being cynical (and my day job puts me in the same room as HS2 all too frequently which might well explain that), I have to wonder if this is really just a token effort to grab some much needed good PR for HS2? The 50% carbon reduction quoted elsewhere only relates to the elements where they are replacing conventional concrete, not the whole of HS2. So it could be miniscule in reality. I hope that isn't the case. It's a great product and deserves more attention. Plus of course, can't hurt our share value.

RG

Having walked through the middle of the protest, I can vouch for it being nowhere near a million people. I'd be surprised if it was even 50k. Based on previous protests I'd guess at around 10k people. Hardly earth shattering.

RG

There is a short, concise examination of why the high street banks are struggling in this week's Economist. It's looking at NatWest/Ulster Bank but a lot of the same metrics and logic apply to Metro. Worth a read.

RG

In the nicest possible way, so do we all, investor6. Oh well, who knows what tomorrow brings.

RG

.....investor6.

Moral of the story, sadly would seem to be to enter the lowest bid!

Well done investor6. Chapeau.

RG

Indeed Theosus. I reached that conclusion a long time ago. Meanwhile congrats with your Argo. Going nicely. Well done.

RG

I think you are all being terribly unfair. I am sure the Pied Piper will be here soon to explain (or do I mean suggest in as cryptic and ambiguous way possible) exactly why the 300p didn't happen but will happen one day soon, or maybe not soon, subject to a few things dropping into place, which are all about to drop into place......

RG

For the last three months the SP has sat somewhere between 120p and 150p. Today, following results, it's bang in the middle of that range. Suggests no big drama today, more a case of nothing to see here.

Only two full days to go before we got the Pied Piper's 300p though so that will be exciting.

RG