RE: Cohen still dumping shares.....02 Dec 2019 15:51
He is a smart investor. Hedged his longs with short though "third party". So now when it came to closing shorts he had to decided whether to crystalise huge shorts profit or eat in to it by keeping long positions intact and buying from elsewhere to close shorts. He clearly thought selling his own holdings at loss which is dwarfed by the gain on his shorts was more feasible.
Rns x 2 and no movement. I haven't red them but no movement means they r insignificant or the fact that sp has been falling big time over the last few days and is firmly in ref today suggest they may even be someone reducing their holdings. Not sure if I should read them....
MrBelfort and Mark@1973, when do you experts think metro will revisit your estimates of 1.70/1.50 ? Or are you already coked up ready for the weekend and talking utter $white? Cos I dont see it going anywhere near those prices, that ship has sailed :-)) glad I bought fuk tonnes when it was around 1.60 mark
RE: Huge Disruptive Force - Blue Skies15 Nov 2019 09:55
Wonder why major investors thought it wise to invest in a bank that had this crazy idea of running the way banks were run back in the 70s. Those thick investors just couldn't comprehend how a bank would incorporate technology into their strategy and save millions, considering it was only 2017. They let price double to £40. Come 2018, accounting errors were highlighted and fca got involved, leading some hedge funds to $hort the $#it out of it has nothing to do with the sp crash. Main cause was metro opening branches and not embracing technology....who would've thought :-))
I m happly invested here as I have average of 1.7x. Yes I should have sold some if not all at 2.70 a few days back and buy in again but I missed it due to reason I cant discuss here. I believe sp will come good once fca probe has gone away and books are maintained by a qualified accountant and not some book keeper from god knows where. Takeover will simply be a bonus.
RE: Huge Disruptive Force - Blue Skies15 Nov 2019 09:03
Valid points Franky, but tell me, were the major investors a bunch idiots when they let the price wander at £40 a piece? And it wasn't that long ago. Did they not posses the knowledge that u have just shared?
In its third quarter, Metro Bank opened 106,000 new accounts – bringing its total to 1.9 million – helping total deposits to rise from £528 million to £14.2 billion over in the three months to September 30.
‘Despite considerable headwinds, we have made strong progress in reducing costs, increasing fee income and further strengthening our capital and liquidity position whilst also retaining our top position for overall quality of service for personal current account holders,’ Metro Bank CEO Craig Donaldson said.
Looking to trade Metro Bank and other UK stocks? Open a live or demo account
Fund managers increase short positions against Metro Bank
Over the last four weeks, ENA Investment Capital and Marshall Wace have raised their short positions against Metro Bank by 0.10% to 2.62% and 0.11% to 2.04% respectively.
Odey Asset Management holds the largest short position against the challenger bank at 3.65%, with five fund managers holding a combined short holding of 10.22%.
You can go long or short Metro Bank with IG using derivatives like CFDs.
Analysts mixed about Metro Bank’s share price
RBC reiterated its ‘sector performer’ rating for the stock in October and issued a price target of 370p a share – the most upbeat forecast the bank received.
Barclays Capital, meanwhile, reiterated its ‘underweight’ rating and issued a price target of 150p – the lowest estimate provided by the five investment banks covering the stock.
Based on Metro Bank closing at 221p on Tuesday, analysts believe the lender has potential downside of 32% and a possible upside of 67%.