Stoopid - These particular rules appear not to have touched CBG given the £50bn prior threshold.
I may have posted above on the MREL proposed change. This has a much lower threshold of £15bn but I still think has not impacted CBG, but has hit OSB for example. The proposal was an increase of the range from 15-25 up to 20-30bn. This was deemed by the FT to be far too small an increase, but would still be helpful to OSB. |
Back in the FTSE250
hxxps://www.lseg.com/en/media-centre/press-releases/ftse-russell/2025/ftse-uk-index-series-review-march-2025 |
No shorts closed on 4 March (and no new shorts!) |
https://www.msn.com/en-gb/money/other/bank-of-england-plans-to-ease-leverage-rules-on-uk-lenders/ar-AA1AhRjG?ocid=finance-verthp-feedsWonder what impact this will have on lenders like CBG... |
Smithie
I may have missed you asking me what I thought of Vanquis. Apologies.
I haven't looked at it at all, so have no view
I would also be interested in knowing its relative value vs other smaller cap banks/financials. |
Last week or two, any early rise is being sold into. Makes you wonder who is selling amounts large enough to take the price down after the early morning rises of 5% ish |
What a difference a day makes in the market !It's so fickle !At end of day value will win the day plus fat just share it backs and divs !!!!! |
Boom, looks like ftse 250 re-entry is assured.... |
No RNS - whoever was assembling the package must have been acting for a consortium of purchasers for it to fall under 5%. While frustrating to see PIs selling at an undervalue it makes it more interesting. Yesterday's trading continued in the same style and the anonymity suggests that there may be further purpose and further action - stake building? whimsical thought only. |
Stoopid, yes, I don't think that it will be institutional investors, I suspect that it will be PIs who are taking profit based on what they see on the screens. Well choreographed, the market makers can use the opaque market to extract shares.
It would not surprise me if we see further closing of shorts and an investor who has breached the reporting threshold in the next 24 hours, while the share price over the period has been well controlled. |
You think PIs are selling?? |
This reminds me of harvesting when farmers know that rain is on the way. |
No RNS yet, but just a cynical thought, the transactions were processed after 16.30 on Friday, is that therefore assumed to be a Monday trade? That would give the markets another day in which to frisk PIs. |
On the balance of probability Friday's transaction was a second investment fund taking a position. Two funds have taken the view that CBG is undervalued, notwithstanding the legal claims. There are 4m of shorts outstanding and the Company is knocking on the door of the FTSE250. The company should have more than sufficient cash to settle the legal action. Core earnings are strong according to updates and 2024 post tax was 100m with a p/e of 5.
That might all be so, but last week demonstrated (subject to RNS) that the markets can accumulate a 10m ish position without any major impact on the share price. Time and time again PIs are fleeced by an opaque market. |
Damp squib at the moment. Up 5% initially then sold into. Need to see where it is at end of day. An announcement about the resumption of Divis or a special would do wonders as well... |
Next rns a holding one ! |
Those buying 10 miilion on Friday another coincidence !!! Just like Jupiter buying in ! |
Blackhorse , you need to go blue ! Vanq is going red ! |
VANQ will go FTSE250 before CBG when results out on 14th March |
Hit 360 and moved into ftse 250 !!! |
Along with 100 million for last years div and another 100 million for this years div they have 350 million set aside !! 165 million so far , so even if doubled are covered !!!!!!!!!!!!!! |
CBAM RNS confirming sale. Total cash consideration of 146m.
It looks more likely that Friday's transaction was another fund investment which will put significant pressure on the shorts. |
Well articulated by Liberty2 on LSE. If correct L2 does not speculate on the impact of the 4m shares sold short.
"Fridays 11.5m traded shares gets into CBG top 10 days in terms of volume in the past 30 years.
I am reading that as buying pressure given the prices in the auction. IMO a new major shareholder - which has likely significantly consumed the market makers pool of inventory.
If this is the case I believe we can expect a sharp rise next week due to lack of immediate liquidity and interest around Fridays late volume.
It feels like this play would be on the back of potential 250 re-entry, general optimism and proximity to the SC case which is now only a month away, and possibly some off market info on the CBAM deal. I think somebody has taken the view this is the last stop before a significant price rise on CBG.
Either way - it makes for an interesting week." |
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