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central bank funding isnt metro specific, all banks have it and would be affected by rate changes
https://www.bankofengland.co.uk/markets/funding-for-lending-and-other-market-operations
Anyone remember paysafe? Same story there with it being shorted to death and wild daily swings in the SP which as a holder made it feel like a white knuckle ride. Came good in the end after what seemed years (was probably only months) so hoping this turns out ok too if you can hang on for dear life. GLA
Patsyc, not advice but I feel AV is the better option. If you are looking for an oil stock however, I feel currently RDSB slightly edges BP as they are investing heavier into turning into more of a sustainable renewable energy company
Just read the article again, I just cannot figure out how he draws his conclusion based on the evidence he presents. There is no actual evidence to support his claim. Probably one of the worst articles I’ve ever read.
https://www.fool.co.uk/investing/2019/11/19/could-metro-bank-go-bust/
They are suggesting it could go bust because it’s Z score is a whole 0.1 below the industry average. Not sure how they are allowed to publish this garbage.
Yes I agree, long term it will be fine. Always going to have good and bad years depending on film slate in this business.
So every short position by every hedge fund has to be disclosed every day especially with the extremely low volumes here? I think not. Without institutional big buys, PI’s wouldn’t be able to combat even a tiny volume of hedge fund short sellers at the current SP.
‘ The SP has nothing to do with Shorters’ er if you think selling around 20 million borrowed shares into the market (over 10% of share issue) has nothing to do with the current SP you should probably steer clear of investing.
Short positions on the spread betting platform (not actual shares) for Metro are now down to 3%. This is the lowest I’ve personally ever seen it as I have seen it at 8% before (been checking last few months). Primed to pop IMO.
So we were pretty steady at £3 odd before 1st MREL fail. Since then we’ve had the following:
1. Successful MREL - should have taken it back to
£3
2. £2m extra interest payments a quarter for MREL - perhaps - 10% off so £2.70
3. Q3 above expectations. +10% so back to £3
4. Sustained takeover talk. +10-20%.
Should be £3.50ish+ today. Its the shorters keeping this down. Once they buy back 10% it will be £5+ while we await takeover.