Member Info for snige

If there was ever a time for proof the Northern Powerhouse project actually exists, now is the time for either the Government to step forward or a more local authority.
The Welsh government was prepared to invest £200m in the Swansea lagoon and in that case there wasn't $300bn of value to extract for Britain.

Lloyds needs new blood and what could be wrong with your leaders choice of business woman Jennifer Arcuri.
"Boris, my new best friend" lol

The timeline is interesting.
683 Capital crossed the threshold on the 24th notifying the issuer on the 26th when strangely enough ENA reduce their short by 1.1%.
have ENA someone on the inside as the world wasn't notified until 3.17pm on the 27th.
Shorting just makes things more complicated.

I would think the hedge funds would prefer not to commit too much more.
Wouldn't it be wiser for them with little news around to somehow release fake good news so they could then top up again at plus 200p?

Why would the Telegraph publish this angle "Some of the world's richest businessmen have lost almost £400m in just five months after stepping in to shore up ailing Metro Bank.
Billionaire hedge fund chief Steven Cohen was among those to bag what analysts dubbed “a bargain” during the bank's cash call in May when it issued stock at 500p a share."Was it for us to feel sorry for them?
Vernon Hill does have previous "Notable business dealings with insiders included property leases with entities in which Hill was a partner, and the purchase of services from an architectural design business run by his wife, Shirley.[9] No charges were brought."
I'm hoping these billionaires will return possibly to make a second killing!

I wonder if anyone has an explanation for what happened around the 5th june 2019 the day the new placement shares could be traded.
At the 3rd of June shorts were listed as 10.31% and fell away each day till they reached 5.27% on the 7th june yet the share price fell from 694p on the 5th to 641p on the 7th.
If the percentage of shorts had changed due to the additional shares wouldn't that have happened as a one off on the 5th of june.

SWLC,i would think they made a killing selling their placement holdings from the 5th June when the price stood at 694p which then fell back to circa 500p by month end.
Incidentally the volume on the 5th June was at an all time high of 6m.

Slean,of course it's going to soar like it's soared over the past 10 yrs under the party of business.

Illbetabuck, good move you won't regret it, just need to persuade matlot now!

"What are the chances of queues at branches?
EU directive forced UK FSCS to up compensation level to £85,000 per person so chance's of your queues are very limited these days.

2.03

9.42am strange time to issue a 2 liner,why wasn't a more positive one released at 7am if you wish to support the SP?

Prehaps this bank and it's agents have realised there is more money to be made from trading it's shares than normal banking!

Good thing I didn't bother reading it then!

John, don't know where you got £4bn from? the official figures are $150 - early stages to $300 a tonne on estimated reserves of 2.6 bn tonnes, lets be conservative and just call it $300bn minimum for UK .
Our Project area contains the largest, highest grade resource of polyhalite to be found anywhere in the world. The polyhalite resource of 2.66 billion tonnes, as defined according to the internationally recognised JORC code, represents seven per cent of the Project’s area of interest.

Lloyds wouldn't exist if it hadn't been bailed out for BILLIONS?
Take the politics out of the question and look at each case on it's merits. Carillion was a basket case,Thomas Cook was going to attract £700m to UK, sxx has Billions of pounds of fertiliser stuck underground in N.Yorkshire, the tax payer would more than recover their money.

Bailed out sounds to strong to me.Prehaps the Government could have applied more pressure on RBS?, it's not as if the banks haven't recovered their loans in interest since the last rescue also Fosun unlikely to invest £700m in UK?
I actually think on these occasions we could learn from American bankruptcy laws.

Business is a bit shaken up today by Thomas Cook, I can't think they like to see one of their own with so much history go into liquidation.
The market is also thinking by these actions UK government is serious about a no deal but it won't win elections.

Good point COdey,the British hedge funds are sitting on a tidy profit and have to make their minds up, do they commit more when faced with US investment funds who quite frankly will be treating this as loose change.

You would think so Pat,150,000 electoral votes for £200m or pay £600m to get them home, blimey they paid the DUP a billion.
With reference MTRO every possible risk was mentioned in the prospectus yet after a brief fall the share price recovered.With the UK banking industry still dominated by the big five after the 2008 financial crisis would the FCA really want to damage a challenger bank and above all would a entrepreneur like Vernon Hill wish to see his business model fail.