Member Info for BIGBangs

If they buy it for shares then I am a shareholder in a bigger play that includes the innovation brought about by MTRO but given the opportunity to achieve its goals. In my view there is no way given the last 12 months that MTRO can recover and prosper on its own.

Depending I the offer I guess you will be alone in that Investor6.. Going forward in a similar vein to First Direct which is a separate company under the ownership of HSBC, with proper funding opens the path to success - I will be voting Yes with the long term in mind but many will vote Yes as this will represent by far the fastest route to profit.

Wouldn’t it be easy for Lloyds to make an all share offer, say 10 LLOY for 1 MTRO - makes sense to me, how would you feel about that?

Guys, you must of course make you own decisions based on your circumstances just remember you bought in believing that MTRO was oversold. You have suffered whilst the price kept falling. You doubted you decision time and time again and probably considered never investing again if you could just get out. But what if you were right all along. This company was massively oversold. The backers who invested millions were in fact not fools but realised that this model might work again - they had done it before. So maybe don’t rush for the exit, don’t look at you lower average and think that you can finally get out now and wash your face. For those of us that have suffered, questioned everything, felt depressed, perhaps we were right all along and this share could actually produce a significant profit - have faith in yourself and hold until you are absolutely sure that for you the time is right to sell. Maybe Lloyd’s will bid but someone will - Big V is our backstop - this is realistically worth £6 to £9 a share what would that mean to you?

Not a bad day - but I was probably hoping for better. We basically know what will be reported tomorrow and it is all good - confirmation should help the rise. I do not anticipate more than a fleeting reference to the litigation, I don’t anticipate anything particularly new as the BoD would not have been able to hold it back if there was more to report. I still have faith that we may achieve a dismissal of the proceedings but console myself that even a reasonable settlement would be good news in itself. HH’s £2 would be my first goal but as I believe that INDV are in better shape now than prior to the court case - we have amassed a stash of cash and I expect us to still have most of it when the dust has settled - the generics are not competing as much as was feared that they might - the management are strong and both existing and planned products are world leading in a growing market so a higher SP than we had going into this crisis must be on the cards.

No sorry aw that would be a buyback - AMGO will have nothing to do with the transaction. We should anticipate a holding RNS - somebody bought the shares and it’s quite likely they will have to declare - just possible that there were multiple buyers holding less than 5% after the purchase but I think that is unlikely. I seem to remember that they haste 3 days to notify . The price has held up so this can’t be bad if this number of shares had flooded the market AMGO would be trading at 10p and I would buy millions.

If this stock moves as we hope it will jimjam you will not be concerned about the odd 10p although you may still get you wish before this is played out - have faith, give it time, hold hard.

There is no such thing as an informal concert party jimjam, if people had it in mind that at some point they might team up with their shareholding’s they would be in breach of the rules, events would make them exposed and it is just not worth it in any meaningful way, certainly not for the type of player who might do that here. They can buy up to 5% which is still a meaningful % but if they were doing that the price would be a lot higher by now. If we start to see TR1’s we will know but once again RDR has remembered the detail, Big V has to wait 2 weeks following the announcement before he can take serious action - I’m willing to wait as it appears increasingly likely to me that he has a plan. He will resent the way he has been treated and how this share has been attacked and he will do something about it. Hold hard.

Buybacks have to be specifically notified to and agreed by shareholders and otherwise the funds would likely be returned as dividend. They would have to announce in advance and then immediately notify each time they entered the market.

I am sure we will find out fairly soon who the buyer may be. Personally I hope that this trade has also mopped up the Woodford shares which would seem likely and remove the risk of additional shares coming onto the market. If I were to speculate further I would guess the trade was from JRB as they still have control but have released a chunk of money which was I believe their goal - investec may have also thrown in a few - they would certainly have been advised. Don’t forget the trade likely to be a buy and sell so a 5% ish switch. It may fall early doors through uncertainty but if our speculation is proved right it should be fairly solid into results.

Well you can certainty call me intrigued; was my decision to sell right or wrong? The large trades were nothing to do with shorters nor were they any form of buyback. I would speculate, as I think has been suggested, that this was an agreed trade at 70p - a large buyer and seller negotiated a price and the transaction was completed - both trades would show as sells. My gut tells me that this should be a good thing potentially underpinning the price, creating liquidity and putting a chunk of shares into the hands of a willing buyer. No buyer would have made such a purchase without being absolutely confident of the business and being fully conversant with the soon to be published accounts. I have to say on the balance of probabilities I may well buy back a few tomorrow.

Goodness for such a high volume day the price has moved very little which must be positive? That was certainly a lot of shares traded. Have to see what tomorrow/rest of week does to determine if today way good or bad. ATB

Yes of course an hour closer not further away!

I don’t think US opens until 3.30 as we are out of sink for a week with clocks.

That sound about right cj but of course Directors and others are precluded from trading if they have inside information such as a bid being discussed. I am not saying that a bid is being considered but the fact that there have been no Director buys since the publication of the QT3 would raise the suspicion that it might be.

Thanks guys, I misremembered but the fault was mine so no offence taken. The fact that the shorters have not taken an obvious position here is a strong point in favour of this share.

Sincere apologies, I have just checked and although it was in my mind that I had started buying in low 60’s I am obviously mixing it up - I started buying in the high 60’s and indeed most of my purchases were in low 70’s. I could have claimed a typo but that would not have been true again sorry, no intention to mislead. As to the veracity of my comments, I simply outline the known issues that have lead to my own decision I would fully anticipate that you will make you own.

I agree, alwaysw, we do tend to act in that way which seems perverse although a whole section on investing theory advises us to follow the trend. For what it’s worth on the information we have AMGO is oversold but we have to consider that Woodford or its successor may be forced to sell their holding and we have already accepted that for the moment this share is not very liquid, with the controversy surrounding the parent holding being over the normally allowed % we cannot rely on them add to take up the slack so in my view that can only increase downward pressure. I have been on the wrong side of events before as even though I may have ultimately, on occasion, been proved correct and the market was overreacting to an issue or event I have learnt that you have to follow the market - basically if the market can make the SP move in either direction then it will. If there has been some sort of leak and the figures are going to be lower than expected then providing this is not outrageous I will still believe this co represents a good investment but that will not stop the market taking the SP down until things settle down. I am also concerned as I have alluded to before that if the majority shareholder wanted to take this private then it would seem to be fairly easy for them to distress the market so that they can pick it up cheaper. To sum up my view is this is oversold and should come good but the background music surrounding the share and the SP together with the momentum are down so for the moment I am reluctantly out but would be happy to buy in again and will probably have to do so in the low 60’s which was incidentally my initial buy price. Whatever you decide ATB.

Well I think we were advised here that he has over 3m so if that is the case we should expect a lot more sales later - in many ways this would be a positive result compared to a leak on report due - I suppose we shall see soon enough.

Whatever we may believe we surely have to react to the market - string of sells this morning - leak or fear of roll on effect from Quid Co? Either way I am reluctantly reducing - hope to buy back lower before results and obviously depending on news. ATB