Share tips thread (Vol 2)
Discussion
king ridiculous. To clarify I suggested she put some money in shares rather than leaving it in her bank account. Don’t want to put her off investing in future, so will cover the loss.
Although that does remind me of friends buying shares with loans to lower their average on a falling share, they could afford the repayments but still not a good idea.
As for Sirius, probably make sense to withdraw whatever funds you have left in there so you get something back rather than loosing everything.
Although that does remind me of friends buying shares with loans to lower their average on a falling share, they could afford the repayments but still not a good idea.
As for Sirius, probably make sense to withdraw whatever funds you have left in there so you get something back rather than loosing everything.
Have to admit that it did look like a pretty dead cert at the start though - no knowledge of AIM shares, or pretty much any shares for tat matter - but to the unlearned like me, it did seem like the guy just needed money to dig a quarry and the "To da moon!", and the money seemed to be there, wanting to be invested.
Just glad they aren't on Nasdaq as I probably would have put a hefty chunk on them.
And for those wondering why no updates about my activities on Etoro - Nasdaq is insane at the minute and totally illogical as far as I can see - one day the whole market will be a very, very dark red - next day, it bounces right back to luminous green! Only to become red again at any hour it chooses.
So I'm pretty much "all out" at the minute - this has happened before and I stopped trading for months, maybe 6 months?
I was doing my financials the other night and I could sustain my lifestyle for a couple of years without trading at all, so that's not a concern - but to be honest, it's boring! I've always kept my arm in in the Engineering side of things (my profession and previous job) with a few homers for companies I used to work with - they know me, know how I work and to what standard, so are happy to bring me in on a project at "silly money" as there is no middle man (who were the Civil Service, and billed my time out at £80-something an hour - I didn't see a massive percentage of that!
)
Tempted to step that up a bit while the market is as organised as Trump's thinking, just to have something to bloody do!
Then when things get a bit more normal, back to the CFDs...
Edit - fixed one of probably many typos.
Just glad they aren't on Nasdaq as I probably would have put a hefty chunk on them.
And for those wondering why no updates about my activities on Etoro - Nasdaq is insane at the minute and totally illogical as far as I can see - one day the whole market will be a very, very dark red - next day, it bounces right back to luminous green! Only to become red again at any hour it chooses.
So I'm pretty much "all out" at the minute - this has happened before and I stopped trading for months, maybe 6 months?
I was doing my financials the other night and I could sustain my lifestyle for a couple of years without trading at all, so that's not a concern - but to be honest, it's boring! I've always kept my arm in in the Engineering side of things (my profession and previous job) with a few homers for companies I used to work with - they know me, know how I work and to what standard, so are happy to bring me in on a project at "silly money" as there is no middle man (who were the Civil Service, and billed my time out at £80-something an hour - I didn't see a massive percentage of that!
)Tempted to step that up a bit while the market is as organised as Trump's thinking, just to have something to bloody do!
Then when things get a bit more normal, back to the CFDs...
Edit - fixed one of probably many typos.
Edited by guindilias on Sunday 22 September 16:58
Anyone seen what NIO, the Chinese leccy car makers have been at? I hadn't been looking because I haven't been trading (much) lately... they gave a middling to bad earnings report, then the CEO cancelled the conference call. Not delayed it by an hour or a day, just cancelled it like he was meeting a mate for coffee.
A fella on here who I email now and again about shares is also on Etoro and emailed me letting me know about it- he was shorting it last night over earnings, at x5. Should have made a good profit unless the CEO came out with an "and just one more thing" during the C. Call.
Dropped 19% after hours, and he decided to kill the position at 130% profit as they were looking like rising a bit. How and why do you even cancel a conference call? I mean Sports Direct, yeah, different matter all together - but this guy wasn't held up or anything, didn't say he'd have it another day - just cancelled it and gave no reason...
Chart here - https://finance.yahoo.com/chart/NIO/#eyJpbnRlcnZhb...
Sorry about hugelink...
A fella on here who I email now and again about shares is also on Etoro and emailed me letting me know about it- he was shorting it last night over earnings, at x5. Should have made a good profit unless the CEO came out with an "and just one more thing" during the C. Call.
Dropped 19% after hours, and he decided to kill the position at 130% profit as they were looking like rising a bit. How and why do you even cancel a conference call? I mean Sports Direct, yeah, different matter all together - but this guy wasn't held up or anything, didn't say he'd have it another day - just cancelled it and gave no reason...
Chart here - https://finance.yahoo.com/chart/NIO/#eyJpbnRlcnZhb...
Sorry about hugelink...
CzechItOut said:
How low can Metro go? I bought in at £12.11, now at £1.75. Was slightly over £30 just under a year ago.
£0.00. Will it go to zero, no idea (don't follow). Is it oversold? Metro miscalculated capital required to cover lending ('original sin' for a bank), hence the massive shorts and mass exodus from Metro, especially when it had to go back to the market to raise new capital.Add in conflict of interest negativity with CEO's wife, and it is not a compelling story for a new entrant bank.
Hope that you didn't sink too much in your £12.11 tranche.
Edited by putonghua73 on Tuesday 24th September 21:37
CzechItOut said:
How low can Metro go? I bought in at £12.11, now at £1.75. Was slightly over £30 just under a year ago.
I never understood the Metro business model. The established banks are encumbered by an expensive branch network which they’re cutting back. The challenger banks have the advantage of not having an expensive branch network. Why on earth did Metro open branches?Anyone got Aston Martin shares?
Announced they had managed to secure some short term lending at 12% interest, with another similar amount released if they sell 1400 SUVs. If they fail to secure the orders they have finance arranged at 15%!!
When you can buy long term German bonds at 0% or less, paying 12% on short term financing should be ringing serious alarm bells.
Announced they had managed to secure some short term lending at 12% interest, with another similar amount released if they sell 1400 SUVs. If they fail to secure the orders they have finance arranged at 15%!!
When you can buy long term German bonds at 0% or less, paying 12% on short term financing should be ringing serious alarm bells.
bad company said:
I never understood the Metro business model. The established banks are encumbered by an expensive branch network which they’re cutting back. The challenger banks have the advantage of not having an expensive branch network. Why on earth did Metro open branches?
Because someone, somewhere had a funny turn and accidentally lent a few million to a fat bloke with a small dog who stilled lives with mother?DonkeyApple said:
bad company said:
I never understood the Metro business model. The established banks are encumbered by an expensive branch network which they’re cutting back. The challenger banks have the advantage of not having an expensive branch network. Why on earth did Metro open branches?
Because someone, somewhere had a funny turn and accidentally lent a few million to a fat bloke with a small dog who stilled lives with mother?But, I believe the thinking was more about how a face-to-face customer service model would / should / could be incorporated into a disruptor model and distinguish the offering from the rather tired approach that the established banks have to offer.
Personally I hate going to places like PC World, yet don’t expect me to walk past an Apple store, I cannot stop myself from visiting that environment.
In Norwich (and other places) Virgin Money offered something akin to a free “cafe” as an attempt to disrupt normal perceptions of banking, but it failed - as far as I can see - to be a useful commercial lever, nice though their free tea and coffee might be.
I believe I, and others, have been hoping for a new, fresh approach to the perception of banks and one of these challengers should be pushing the boundaries in that way. The Bloke with Dog seems - rather sadly and lamely - to have been the ONLY attempt as a disruptor to come anywhere close to being the new dawn. But in doing so, Bloke seems to have created a Dog’s Dinner of the books..... all a big shame really....
K12beano said:
In Norwich (and other places) Virgin Money offered something akin to a free “cafe” as an attempt to disrupt normal perceptions of banking, but it failed - as far as I can see - to be a useful commercial lever, nice though their free tea and coffee might be.
.
I know quite a few people who opened up accounts on the back of the Virgin media facilities in the City centre. Coincidentally, I walked past there yesterday and was surprised how jam packed the place was with what appeared to be well to do Boomers. .
I topped up on Ceres Power Holdings this morning in the hope that their annual results due early in October are as good as expected and they shot up during the day which was luck rather than judgment. I just wondered if this rise is in anticipation of good results which could dampen rises afterwards? Anyone else invested? I like everything I hear and read and they have doubled in 5 years, plus the brokers are tipping them to go to 300 from today’s price of just over 200. I am up about 15% overall but another 50% rise would be nice 
K12beano said:
That pretty much sums it up....
But, I believe the thinking was more about how a face-to-face customer service model would / should / could be incorporated into a disruptor model and distinguish the offering from the rather tired approach that the established banks have to offer.
Personally I hate going to places like PC World, yet don’t expect me to walk past an Apple store, I cannot stop myself from visiting that environment.
In Norwich (and other places) Virgin Money offered something akin to a free “cafe” as an attempt to disrupt normal perceptions of banking, but it failed - as far as I can see - to be a useful commercial lever, nice though their free tea and coffee might be.
I believe I, and others, have been hoping for a new, fresh approach to the perception of banks and one of these challengers should be pushing the boundaries in that way. The Bloke with Dog seems - rather sadly and lamely - to have been the ONLY attempt as a disruptor to come anywhere close to being the new dawn. But in doing so, Bloke seems to have created a Dog’s Dinner of the books..... all a big shame really....
Also the fundamental issue is that in banking the ‘disrupter’ Model doesn’t really work. Laid bare all it is is a business that doesn’t have all the licenses and plays loose with regulatory interpretations, uses vast sums of VC capital to try an remove the smaller, loss making deposit activity from the full blown banks. So phase one is to haemorrhage cash buying in loss making clients. Phase two is to spend money getting fuller licenses so that you can start lending out your clients’ money to try to limit those losses but your running costs then go up and your regulation tightens so your client acquisition rate falls as you become more cumbersome. But phase 2 is just the old building society model of only lending the money that you have on deposit. That’s not profitablenor sustainable so you need to move to phase 3 with is full banking licenses, full regulation and with that the full running costs of a traditional bank and phase 3 is not profitable without an institutional side. These disrupters are not going to ever build an institutional offering so are basically doomed to failure. But, I believe the thinking was more about how a face-to-face customer service model would / should / could be incorporated into a disruptor model and distinguish the offering from the rather tired approach that the established banks have to offer.
Personally I hate going to places like PC World, yet don’t expect me to walk past an Apple store, I cannot stop myself from visiting that environment.
In Norwich (and other places) Virgin Money offered something akin to a free “cafe” as an attempt to disrupt normal perceptions of banking, but it failed - as far as I can see - to be a useful commercial lever, nice though their free tea and coffee might be.
I believe I, and others, have been hoping for a new, fresh approach to the perception of banks and one of these challengers should be pushing the boundaries in that way. The Bloke with Dog seems - rather sadly and lamely - to have been the ONLY attempt as a disruptor to come anywhere close to being the new dawn. But in doing so, Bloke seems to have created a Dog’s Dinner of the books..... all a big shame really....
If this failure is so obvious then it leaves you asking why they have even started. The answer is two fold, firstly it gives the Board a fantastic income during the period. You’re business is haemorrhaging cash but you can pay yourself millions in salary and bonuses but secondly your ultimate intent is that an incumbent bank comes along to buy back all the clients that you have accumulated.
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