Member Info for Casa67

Https://uk.finance.yahoo.com/news/metro-bank-boss-handed-record-153908633.html

"Metro Bank’s chief executive has been handed a £2.6m pay packet – the largest in its history – a year after slashing 1,000 jobs in response to the lender’s near collapse.

The figure is more than double the £1.2m Dan Frumkin was paid in 2024. Metro pushed through the pay bump and complex bonus scheme for the former RBS and Northern Rock banker at a shareholder meeting last year.

Best known for helping restructure Northern Rock after the 2007-08 financial crisis, Frumkin is operating under a complex bonus scheme that could hand him up to a £60m windfall after five years, depending on Metro’s share price.

Its shares are worth about 141p and would have to be above 120p in 2028 for the bonus to kick in. A jump to 437p – could earn Frumkin a one-off payment of up to £60m"

Can anyone provide an educated SP value on MTRO please? Given the SP is climbing, broker estimates £1.50/£1.55.

I'm wondering if it is worth holding on after many years showing losses.

Thanks

Casa

I believe the hearing is 1st -3rd April

Casa

From City AM:

Close Brothers has swapped in a top magic circle law firm for its Supreme Court battle to overturn the landmark motor finance test case.

The two lenders involved in the Court of Appeal case, merchant bank Close Brothers and South African lender FirstRand, are bringing their fight to the Supreme Court.

City AM understands that while Close Brothers had Leeds-based law firm Walker Morris on for the Court of Appeal case, the lender has tagged in the big dogs for its day at the Supreme Court.

As confirmed by the lender’s representative, a team of lawyers from Slaughter and May will be representing the lender for its appeal.

AgentOranje - Thanks for this - I will try the email route next. Thanks again

Thanks for the reply - I've read the corporate action in my account, but it does not give any guidance on how to request 'free' certificates. The only thing that they say is they will "endeavour to perform a mandatory commission free sale of any remaining shares held on account." So, it looks like there will be a charge of £42 for certificates. I thought I had previously read on this board, that POLY were likely to pay/reimburse this type of cost for shareholders? I'm just trying to get the facts and best next steps for UK citizens.

Just spoken to II who didn't seem to know what was going on. Quoted me £42 for paper certificates.

Does anyone else use II - what will you be doing and by when please?

Would appreciate some info

Best, Casa

Hello,

Ive only just logged back into POLY chat and would appreciate some guidance (sorry if it’s already been covered). I’ve read through 300 posts and am still not clear what action to take.

I’m with Interactive Investors - have POLY in trading and ISA accounts.

I looked up Freedom, but it appears they don't support UK residents.

Is there a broker people are transferring too? Or is it wise to get the paper certificates ahead of the i listing?

Thanks in advance…

Casa

I’ve

11:25: Buy of 45,446 shares this morning - £49.99k

Seems to be lots more buys than sells.....

Vol Sold: 170,197,421
Vol Bought: 355,725,218

...and a second director bought 10,000 shares - SP recovering from this morning's drop.

23-Mar-22 09:23:32 350.00 202,105 Buy* 348.80 350.20 707.37k

https://www.thetimes.co.uk/article/blackrock-back-tracks-after-polymetal-deal-7m0t5cd70

I have a question - If POLY's main customers are Russian banks, who sell it on to international gold markets, are they going to be able to continue to do this? If they are not able to sell it - where's their income going to come from?

I'd be interested to hear thoughts on this....
Thanks, Casa

I think will will get close if not reach (intra day), to 5p this year

Hopefully, this will help strengthen the SP....

LAUNCH OF SHARE BUYBACK PROGRAMME

Avon Protection plc ("Avon Protection" or the "Group") is pleased to announce that it intends to commence a share buyback programme in respect of its ordinary shares of £1 each ("Ordinary Shares") up to a maximum consideration of £18.5 million (U.S. $25 million), from the date of this announcement (the "Share Buyback Programme").

The purpose of the Share Buyback Programme is to reduce the share capital of the Group in order to return value to shareholders.

Looks like someone's accumulating shares this morning - 3 x 50k and 3 x 25k

Any thoughts on why this has tanked by over 48% today?

More headache pills required!, lol

Half Year Results

Woodbois Limited (AIM: WBI), the African focused forestry, timber trading, reforestation and voluntary carbon credit company, is pleased to announce its half year results for the six months to 30 June 2021.

Financial Highlights

· Gross profit increased by 94% to US$1.7m (H1 2020: US$0.9m).
· Group gross profit margin doubled to 20% (H1 2020: 10%).
· First period of EBITDAS profit US$0.5m (H1 2020: loss US$0.8m).
· Revenues of US$8.2m (H1 2020:US$8.6m), impacted by COVID-19 related disruption in global freight shipping sector.
· Successful completion of up-sized fundraise of £6 million (approximately $8.3 million) before costs, leaving the Company well placed to deliver on its growth targets.
· Period end working capital of $13.8m (including cash of $6.3m), excluding bank loans of $9.5m.
Operational Highlights
· Total sawn timber production 7,000m3 in H1 2021, a 120% increase over H1 2020.
· Total veneer production 1,830m3 in H1 2021, a 70% increase on H1 2020.
· Acquisition of two additional veneer lines in Gabon from CEMA Bois De L'Atlas ("CEMA"), one of Africa's largest plywood manufacturers, for a consideration of €800,000 being settled via the monthly supply of logs.
· The first line is expected to be delivered in Q3 2021 and installed in Q4 2021, and the second line expected to be delivered and installed in H2 2022.
· Acquired two additional Komatsu bulldozers and three additional Man trucks on finance lease to allow the supply of sustainably harvested raw material to keep pace with the additional processing capacity coming online during 2021 at both the sawmill and veneer factory.
· Installation of Primultini sawmill line recently completed. Sawn timber production output expected to increase by a further 30% in H2 2021.
· On 9 August, announced the acquisition of an additional 71,000 hectares of forest in Gabon for a consideration of US$1.5m, of which $0.9m was settled in cash and the remainder in four quarterly payments commencing in October.
· Following Q1 entry into carbon credit market, Woodbois is reviewing a number of African reforestation projects, which would allow the Company to generate carbon credits for distribution in the Voluntary Carbon Market.
· Publication of Company's first Integrated Sustainability Report for the year ended 31 December 2020.
· The Company ranked joint sixth in the annual Sustainability Policy Transparency Toolkit ("SPOTT") ESG policy transparency assessments for the worldwide timber and pulp industries.