Member Info for sheltie

Https://www.thisismoney.co.uk/money/comment/article-14166595/ALEX-BRUMMER-Miliband-missing-nuclear-button.

Source: Daily Mail - 7th December 2024

That's a really good day here today. CBG has got itself 'dug-in' to a nice defensive position, ready to push on next week.

Given that we closed the day at £2.10 on Tuesday evening, things are looking a whole lot better here. Another 10p+ and a major step-change in sentiment, will follow soon after. . . ATB

SG - none of us can ever be 100% sure. But I think that the Shorters are playing a hugely dangerous game - and they will know that. They are hoping to 'scare' the Market. A bit of a case of "who will blink first". They will however, be forced to reduce their positions and then, as you say, this will rise rapidly. When? Nobody knows! I for one think that we will have a very good December - and that's as far as I am looking, at this point in time. It's looking pretty good, but IF there is a retrace (maybe c.15p?) then I will buy my final tranch. If not, then I'm very happy with my £2.15p holding. ATB 😀

. . . and especially given

(a) yesterdays' excellent performance

and

(b) the FTSE being pretty much flat today

t's not a bad result at all for CBG.

PS - and I wouldn't agree that Shorters are having anything like as much influence here each day, as you are saying.

There is much more 'in-play' here, than a few pesky Shorters! Onwards and Upwards! :)

Today/tomorrow are key, for me at least. If we can remain in or a bit above this point, then I reckon that the worst is over and pretty much fully factored-in for CBG. Two big days here. Futures are currently down about 11 points, so no big issue there. Let's hope that we can, at the very least, hold our recent gains. . .

MCNol - hopefully you will find this Board a whole lot less toxic than HE1; all views are welcome, without being labeled as trolls or de-rampers. That Board is horrendous (most of the time) with an average age of about 6! No childish emoji's here thank God. . . . ATB

This is the fourth time in the last month that CBG has failed to get past £2.20p. It's proving to be a major resistance point. But once it goes, which it will, then we could well be moving up to £2.50p [which is my first goal] in short order.

Should it have a final 'lapse of concentration' then I will buy into it, as my final purchase. If not, then I am very happy with my current holding at £2.15p. That said, there 'may' be a late flourish today!

Either way, we cannot grumble as it has been a stellar day here. ATB

224.50 paid. . . .

Well done to those that bought into the dip yesterday.

It's so ready to go; may be a very interesting afternoon. . .

Patiencemf- super hard to know until we know what the financial fall-out is going to be for CBG personally, I'd be very happy with 6% at a share price of £4+.

Meanwhile, can we get past this pesky firewall of £2.16p? It keeps getting pushed back, but it's only a matter of time before we reach £2.50p imo. ATB :)

As the share price rises, so the yield will fall. So your £90k per annum in dividends, is 100% incorrect. Important that we don't post potentially misleading information here. But yes, this share price is certainly at historical lows; 'if' (and it's a big 'if') the decision goes our way, then holders like us, will make a LOT of money here. . . ATB 🤑

Exactly, but it's all very covert :)

SG - no it's much much darker than just a bunch of shorters doing their thing. Many more things are going on at the same time. There are Market Makers (MM's) who work (very covertly) with other groups, to drive a share down (or up) to agreed prices. This is done to fulfill their Order Books. The MM's don't care, as they make money either way and want lots of trades; but it enables big players to get in cheaper OR get out at a higher price. Then of course there are the large Day Traders here. With CBG being so volatile in a single day, it is massively vulnerable to day traders. These can and often are, PE firms, Hedge Funds and even Institutions. There are other games too: like Stop Hunting (creates more liquidity for the big boys as and when required) and Front-running (otherwise known as tailgating) and yes, it's all [well, very 'border-line'] legal! etc. etc. These are just a few of the reasons that we are seeing such huge volatility and manipulation here; but it goes on across the entire London Stock Exchange - no Index is immune. Large or Small!

It's being heavily manipulated by those that can, quite simply, decide what price they want CBG to be at any given time. Shorters are just another distraction; but it's the 'Market Manipulators' who are in charge here.

The City has a hell of a lot of very dodgy practices - make no mistake.

I'm not looking for (or expecting) fireworks here today, but I am at least hopeful of regaining some of yesterdays' losses. This is being played like a fiddle. . .

Well, my best guess had been for an RNS today (from their RNS on November 27th). Looks like I got that one wrong!

It won't be

RNS's on a Monday morning are pretty infrequent, so for me at least, it was never going to be today.

Red Dot Tomorrow?

Maybe.

Well, given that we were at £2.02p on Monday, I think that closing at £223.80p isn't too bad a week for Close Brothers. . . :)

Sounds about right. Disappointed though I am (at this point in the day!) I am encouraged that at least it had a shot at £2.30+! That's gotta be a good sign; it's showing a bit of fight. . .