RE: MTRO to EUA12 Nov 2019 01:13
I cant tell you exactly why its gone from £40 to 169p. It was massively overvalued, they dont make any money from their customers, most dont pay their salaries into the bank. They are leveraged to the hilt, if they cant scale properly whilst keeping costs down, they basically go under, pressure from Starling and Monzo Banks.
EUA has a resource is demand and thats not changing short, medium or long term. They have no debt of substance and peers have been purchased which benchmarks the conservative prices for an asset sale of some sort. Still hugely undervalued.