Member Info for Alexios

Berenberg reiterated its Sell rating on Thomas Cook Group saying a debt to equity swap would be the best option the debt-laden travel agent

Gige,

That is not smudgedan in UFO

Good luck with your trade marineville

Risking 15-20% on your trade to take the profit at what?

Warrants on the top of Rights Issue??? Never heard of this structure

https://twitter.com/Alexios1201/status/1125668275260620800?s=19

https://energy.economictimes.indiatimes.com/amp/news/oil-and-gas/gspc-and-oilex-jv-to-drill-new-wells-in-cambay-block-at-a-cost-of-rs-965-crore/69203833?__twitter_impression=true
Real deal
Google: GSPC and Oilex JV to drill new wells in Cambay block at a cost of Rs 965 crore
scroll bellow, takes you to PDF dated 30Apr
Pre-Feasibility Report Expansion of Onshore Oil & Gas Well Appraisal, Developmental Drilling ...

scott1092,

How do you arrive with 100p target please

Would value SXX at ~£9.4-9.6Bn on fully diluted basis

10Mta £1.4Bn revenues

Profit?

PE on this???

Very interested

That would be FTSE100 company in line with the companies like Evraz($12.8Bn revs, $3.6Bn net Debt) and Antofagasta($4.7Bn revs, ~$600M Debt)

Not saying it is not going to happen, but...

PFG RI price was 315p
46.4% discount from 588p

Raised £331M Gross

Pfg Mcap at RI price was £466M

Soooo at 40% discount to MTRO sp of 638p RI's would be at ~383p

Thank you GaiasKidney

Downloaded Prospectus, will read tomorrow sometime, 600pages to go through...

Current Mcap £620M

They are raising £350M, over half of the current Mcap

Would anyone underwrite the fundraise at 20% discount???

No profit in this at such discount, the sp will drop to RI price on the day of the announcement, possibly lower, making the underwriters the loss on the deal. Doesn't work like that unfortunately

Oops
Too much paint this weekend

Thank you TDT

13.92% Short is even larger than Metro Bank with 12.5%

Making it the most shorted stock in UK

Strange Sirius is not listed on Shortracker

https://www.shorttracker.co.uk/companies/?sort=2&d=desc

13.92% shorts or 3.92%?

How much of these 4 construction projects is funded now???

Metro was launched in 2010, as the first new bank since the financial crisis, by Vernon Hill, 73, an American billionaire. It purported to be different from traditional lenders by offering seven-day opening and high service levels. It has grown to have 66 branches, 1.7 million customers and a £22 billion balance sheet.

The value of Metro, which has 97.4 million shares in issue, has collapsed from its peak in March last year of £3.5 billion to £622 million. On January 23 this year it said that it had wrongly assessed loans to companies and landlords, increasing its risk-adjusted assets by £900 million. Its shares slumped almost 40 per cent in one day.

The intended capital-raising of £350 million before the end of June has been underwritten by RBC Capital Markets, Jefferies and KBW, but without a minimum price yet agreed. The banks could demand that Metro price the new shares at a large discount to the market price to avoid the risk of being left with unwanted shares.

Its accounting mistake and its handling of the matter have rattled investors and triggered investigations by the Prudential Regulation Authority and Financial Conduct Authority.

Metro, which did not comment on the fundraising, will face shareholders at its annual meeting on May 21.

https://www.thetimes.co.uk/article/investors-brace-for-pain-from-metro-banks-fundraising-n6h97st7b?shareToken=aaf6f41de4ff162294edd14a550fdcad

Metro Bank may have to give away almost half of the company to persuade investors to hand over £350 million to strengthen its finances because of its plunging share price.

Analysts and market participants believe that the high street lender may have to price its rights issue at a 40 per cent discount to its present level, leaving investors facing the prospect of their holdings being deeply diluted unless they put in more capital.

According to sources, the capital-raising could be priced at between £4 and £4.50 a share, compared with the share price of 638½p at the close on Friday, down 11½p, or 1.8 per cent, on the day. Many of the bank’s investors paid £34 a share in July last year, when Metro raised £300 million, or £20 at its flotation in 2016.

John Cronin, an analyst at Goodbody, said: “There are various scenarios about how this could play out and it depends on share price developments. My instinct is that a level of £4 to £5 is where the underwriters are prepared to underwrite it.”

A senior banker added that earlier expectations of £6 to £6.50 being achieved were overly optimistic. “That is the share price now. There will probably be a discount of 30 to 40 per cent from here,” the banker said.

Barclays new target lowered from 650p to 600p
Underweight they say

Agree

Where does it say 1200psi at Brockham???

Metro Bank PLC
Investigation of Securities Class Action
If you purchased Metro Bank PLC securities and would like to receive information about our investigation concerning the class action to recover your losses in Metro Bank PLC securities, please provide us the information in the form below.

A representative of The Rosen Law Firm will contact you at no cost to you and provide you detailed information concerning the proposed class action to recover your losses in Metro Bank PLC securities.

https://www.rosenlegal.com/cases-register-1563.html

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Metro Bank PLC and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

https://www.globenewswire.com/news-release/2019/05/03/1817100/0/en/INVESTIGATION-REMINDER-The-Schall-Law-Firm-Announces-it-is-Investigating-Claims-Against-Metro-Bank-PLC-and-Encourages-Investors-with-Losses-in-Excess-of-100-000-to-Contact-the-Firm.html

#MTRO
#MetroBank
EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Metro Bank PLC

https://www.marke****ch.com/press-release/equity-alert-rosen-law-firm-announces-investigation-of-securities-claims-against-metro-bank-plc-2019-05-03