RE: Share11 Oct 2023 21:22
@Rich1964
It's not worth investing here I think - don't go long and don't go short either (shorting blue chips has got to be risky enough, but shorting AIM would be suicide)
Metro is a ridiculous AIM financially stressed situation. Their margins are virtually non-existent, and with the huge share dilution, asset sell offs, millstone around the neck branch network, etc., the EPS will be shot to pieces for years so the shares are not worth much more than the current value.
At least the company got a stay of execution. Had they not had that the shareholders would have lost the lot.
I think it's 49% down in the last month alone. The long term chart says 98% - horrific. Something's clearly wrong with their operations and if they don't address this, shareholders will drip drip lose everything over the next few years. If they make big painful changes to their operations - who knows you might actually make good money years later.
Way too risky though, given their track record. There's better shares for way less risk. There are one or two on AIM that look very good for not (too) much risk - for AIM