BREAKING: The Gervais Williams Miton Small cap fund hurtles closer to precipice in March despite outperformance
Sunday Long Reads: Big Cat People, Cop Talk, Constitutional Authoritarianism, Sharon Stern, Harry Houdini
Early this year we showed the top shorted London-listed shares at the start of 2020. How's the performance as at the end of February? (those in bold remain from 2019)...
I see this morning that the interim CEO of Metro Bank (MTRO), Dan Frumkin, has been given the job on a full-time basis. Well good luck to him! As I have detailed for much of the last two years (and most recently here), the company is a complete dog with risk control issues, write-downs, business reversals and a surprise money raising...all ultimately resulting in a bunch of senior management (including the Founder) exits. And, as I said at the link above, 'all it needs to do now is find someone desperate enough to work there, ideally with a winning strategy...actually that may still be Mission Impossible'…
Fresh back from the Sunday morning bike ride I dip into the (online) Sunday press and see a couple of relevant stories for two old 'friends' I have written about on these pages just a few times.
I can tell you two sets of PR advisers who are having a nightmare Sunday morning: anyone involved in running the Metro Bank (MTRO) and the St James's Place (STJ) accounts. Still - via reading this website over the last few months - neither of the PR nightmares will have come as a shock to all you readers.
Finally is bad boy Metro Bank (MTRO) finally seeing sense? You will recall that I have been bearish on this one for a while, noting earlier in the month that 'you should still be avoiding this one like the plague' as i explained the madness of the company continuing to prevaricate on their money raising.
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