Member Info for TheLongShort

Newbie question, but why are there so many small value trades going through (< £10) - surely transaction costs would be higher than value of any shares purchased?

Markets down all across the board, was hoping to see more resistance at the £19 mark but it’s broken through. Time to top up?

what are we thinking after these results?

What’s the reason for this ~6% decline today?

minor change but in the right direction!

I understand the board is not allowed to purchase if there are talks of a takeover, but does that apply to VH as well with his honorary position in the company? If that's the case I would imagine it is good news if he hasn't bought anything.

Are directors restricted from making purchases after q3 results or is it mainly due to negotiations?

Nobody knows whether this Lloyd’s interest is genuine or not, and frankly it doesn’t matter too much. If not Lloyd’s, someone else could come in and make an offer for what is a relatively cheap banking business, which with a few changes could turn profitable very soon. What this rumour will do is dent the confidence of shorters who would be worried by the thought of buying 17m shares back at £3+ as early as this week. That’s good enough for me, and any short term dips will be bought into rapidly.

this also explains why nobody on the board made any purchases after the results. they must have been in discussions which would prevent them from buying at the time. £6 a share would do me nicely, anything above is a bonus.

it gives this bb something positive to talk about this weekend after a dull week. GLA

When the fca report can be expected?

with volumes this week being as low as they are, it is not a good sign for shorters who are left with an increasingly tougher exit opportunity. add to that steady 3-4% gains each day, and they are getting in deeper ****.. of course they have already made a lot on metro, but this will be eating into their profits now.

add to that any positive news before q3 results, and shorters could be running for the door like never before! what a time to be long.. gla

surely the FCA would be interested in such strong de-reramping?

Lol djm

Motley is taking the **** with these daily articles.. even if they want to make a stock recommendation they will first deramp Metro, and then go on to praise whatever stock. What shoddy journalism!

Once no deal uncertainty is off the table I hope to see this back in the 600p region IMHO. DYOR

What motive would a hedge fund have to hold a short position in this any further.. the price is almost rock bottom and they do not seriously expect a bank to go bust.

I would assume this week the majority will look to buy shares back in the 200-230p range. It's a race of who folds first, there is definitely an early mover advantage as they can get the lowest prices to buy back at. If we do see an RNS regarding holdings or a takeover bid this will rise. GLA DYOR

order's not going through at all..

Why we see all those tiny trades at 1 or 2 shares each? I get that it’s done via algo’s but what’s the purpose?

Hill currently holds 3.5% of the shares, so he will need to buy 26.4% in the open market before he places a bid. Add to that the 10-15% shorters will need to buy back.. that’s almost 40%.

There is nowhere near enough volume for this to go through in the open market.. not without the price reaching 700-800p imo. Basically shorters are fecked :)