Member Info for sheltie

It will come back from suspension, of that I am 90% certain. BUT will it return with a nasty sting in its tail; if it does the latter then you can expect a fall of 50% on opening. Not much we can do but wait now, as we're all locked-in - wether we are believers or non-believers. . . .

Stuartv- I agree that things are definitely off-centre here. These delays in the Accounts are baffling; they just don't take this long (they only had to cross-reference the lost Bank Statements, as the rest of the Accounts we are led to believe, were already complete). So that is just a stalling tactic in my opinion. I certainly think that 'something' is going on behind closed doors; but I just don't know if that 'something', is a positive something, or a negative something. Either way, an RNS should be released ASAP as it is badly damaging this company and any positive reputation that it might currently enjoy. ATB 🫡

Whatever news may or may not arrive, it had better be excellent; the build-up here is going to kill it stone dead, if it's not a sparkling RNS. Not helping themselves here. Not one bit :(

Futures are up 34 points at present, so I fancy our chances with Close Brothers today. We will see, come 4:30pm. . .

Newuncle - thanks, but don't worry, it's just another case of 'bias blinding'. People think that once they have invested their own hard-earned cash in a company, then it can do no wrong! 100% Nonsense! This company has got plenty wrong, starting with the very basics - Accounts Preparation and Communicating with your Shareholders. Blame it on what you like, but don't ignore simple failings, as that's just being blinded by your own bias. I love it here; I won't make any money, but it's very good fun :) :)

Mattk6 - 100% in agreement. This Company is amateurish at best. Little did I know when I invested here and I for one, will be exiting at the earliest opportunity. I have zero faith in the people running this show. I mean seriously!! What an absolute joke. 'If' it does come back from suspension, then I fear that folk will be left sorely disappointed.

If you don't want to be mistaken for an 'AIM listed Penny Share' (which is happening a lot here) then do NOT behave like one. . . .

NICKTIMS - you are of course correct in highlighting what might happen. However, it is now much more about 'how many of those possibilities are now factored-in to the share price'?

Nobody knows that answer, so to an extent, those who have been buyers here over the last two weeks, are all taking a bit of a punt on it now being there or very close to the bottom (myself included). It's finely balanced, but any outcomes that are more favourable than perhaps are being expected at present and this very well-run (and very well respected) Bank, will rise sharply. Won't be long to wait now I suspect. . . ATB 🫡

Https://www.thisismoney.co.uk/money/markets/article-14093297/Close-Brothers-faces-key-meeting-car-finance-scandal.

Source: The Daily Mail - 18th November 2024

SG091 - I did mention last week that there could be a Hedge Fund(s) out there deliberately looking to relentlessly drive the price down, as we are seeing at present. Perhaps in order to take it out, de-list it, break it up or whatever (and likely shaft the shareholders at the same time). The trouble is, we cannot know for certain, because it's all so covert. BUT for me at least, this is 100% an orchestrated attack on CBG - so somebody(s) most definitely does know. So, to answer your query; yes, that is definitely a possibility here. With the Market-Cap now being so low, it is leaving CBG very much out in the open and therefore vulnerable to attack. Like everyone else here, I am very much hoping however that it does NOT happen, as I have increased my holding this week. But I'm afraid there are some brutal firms out there with dark missions in life and they are never acting alone. Such is life in the rather murky, (often border-line legal), ruthless world, of the Hedge Fund operator. . .ATB 🫡

My annoying phone decided to auto-change that. It's an 'Uncrossing Trade' of course. . .

DeeJay20 - That's an Unwinding Trade (UT).

It is NOT a trade. . .sorry!

I took very full advantage of the savage drop earlier in the week and now have an overall average of £2.16p. Should this go back to sub £2 then I will again buy more. Hopefully it won't, but there is so much more going on here than merely 'shorters' doing their thing; so it 'could'. The CBG fall has been truly brutal and truly unwarranted - in my opinion. There are dark games going on here, that go far beyond the vanilla 'blame it on the shorters' line. But hey, it's why we're all here!!

ATB and have a good weekend folks :)

It's Friday, you always get people closing their positions from 4pm on a Friday. Too much over-thinking going on here me thinks!!

Https://www.proactiveinvestors.co.uk/companies/news/1060720/close-bros-under-huge-cloud-of-motor-finance-uncertainty

And this is why I never buy in the first hour of trading - ever! Almost always drops away to a more enticing buy price, once the out of hours trades have been executed. . .

In my opinion the BoD are making a very grave oversight. This company will have now lost a lot of fans, doubtless many of whom, will sell-up as soon as they can. To NOT put out a simple, very encouraging, RNS is a million percent baffling to me. You need to keep shareholders on-side; even the tiddlers like us retail investors! It really is a very poor showing from this company and it 'may' yet come back to bite them firmly on the a*se. #reputationaldamage 🫡

This will be a very interesting day. Futures are currently down by 33 points. It's a Friday. And CBG had a Mega rise yesterday. So, the BIG question is this:

"Was that a 'Dead-Cat Bounce'or a sustainable start to a return to £3/£4+"?

It will face a few headwinds today, no doubt, but it will be intersting to see if it has more left in the tank, or wether that short, sharp rise was an 'anaerobic dash', leaving CBG very out of breath today! We shall see! ATB 🫡

Maybe they have completed a major buy order at as low as 185p and now they walk it back up, as I mentioned last week? Who knows with this one!

Are you sure it's not in auction, as it's looking pretty wild to me!

It's pointless trying to second-guess the bottom here, as the 'bottom' will be wherever those 'orchestrating' this relentless drop want it to be. Make no mistake this is an 'orchestrated' attack; problem is, we don't know why. . . yet. The valuation here is completely ridiculous. But it's a really good example of market manipulation and there 'will' be a reason. Us lot however, will as ever, be the last to know! Have a good day folks. The (NED) Chair of the Risk Committee leaving, to go to State Street 'could' be an interesting pointer though?!

https://www.tipranks.com/news/company-announcements/close-brothers-director-joins-state-street-board