Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The only thing that matters is this subscription has been bought fully by HTC as a strategic partner and IMHO have no intention of flipping the shares. However they do have a lock in so removes that particular worry for the near future. More importantly they want to help control the future of the business hence placing a director on the board. So if they rely heavily on VRE platform and they succeed together then it will be mutually beneficial to both parties, and if VRE takes off so does the value of there 20% holding. The shares appear to be tightly held perhaps viewing Zooms success.
And as a pure ramp I wonder what zoom would be prepared to pay for them? At there valuation of 50 billion - yes billion even a few hundred million would be chicken feed IMHO.....£1 per share is around £250m valuation....ramp over!
Sony where meant to be doing a reveal of their PlayStation 5 tomorrow - the future of gaming - but it has been delayed. But still expected for the holidays. What surprised me is there are estimated to be 5 million users of VR already on the platform which I find staggering.
VR Education claims to support the device with "its current suite of software" demonstrating there's no great leap between the new device and the current-gen model. The tweaks to the formula must be taken into account for the PS5's capabilities, so future developers can make games in 4K or 8K for the headset, while older content can still be supported.
So when on the main lunch time news they are talking at length about new ways to use tech to connect people and zoom going through the roof this looks like a fair gamble. GLA
41p is a good Starting point at circ 100m some bigger institutions can buy then - if we look at the crazy valuation of Zoom anything is possible - maybe even a cheeky offer ? Before they grow too fast - only have a punt on this one so happy to let run - good luck
Legal Entity Identifier: 213800X5WU57YL9GPK89
Metro Bank plc
Roger Farah to step down as Non-Executive Director
Metro Bank ("the Bank") today announces that, after six years on the Board, Roger Farah has decided to step down as a Non-Executive Director with immediate effect.
The Metro Bank Board wishes to thank Roger for his contribution to the Bank. As a result of his departure, Catherine Brown will become Chair of the Remuneration Committee and Monique Melis will become Chair of the Nomination Committee, subject to regulatory approval. Monique will continue in her role as interim Senior Independent Director.
Following the departure of Roger Farah, the Board excluding the Chairman will comprise seven Non-Executive Directors, five of whom are independent, and two Executive Directors.
this is why it makes such a tasty starter for a predator with deep financing pockets. Removing those costs will quite quickly return the metro to positive cash flow now the expansion plans have been reigned in. We know other lenders are paying book value for mortgage books of the supermarkets for example - why not take metro on the cheap for these assets. Looking forward to more trader/shareholder positions this week.
19M traded results week) 9.5M bought 5.5%
17M share traded last week 8.5m bought 5%
So 10.5% of banks shares bought in last 2 weeks - we know Bacal took 2%
Who’s taken the rest - shorts closing or secret acquirer
So if GS had acquired around 6% actual for a client which was mis quoted running up to the results - another 7% have been bought since then in my back of the fag packet calculation - prefer it if GS still accumulating for client due to benefit of short squeeze when announced - but if the case surely 30% could be in site if Bacal/VH are inside as billionaire mates -
Hi Jinny
Would not disagree - however how about
OPTION 3 - take option 1 bonus on stock after take over and then continue to manage the company as a separate group on behalf of his friend Bacal for the next 5 years.......
Now the markets closed - well that was a tough week -I’m amazed I’m still holding! Should have averaged down but did not have the courage - but for me the story’s not changed just CV sticking its nose in- fingers crossed for a better week next week- personally if I was considering a bid I would not believe my luck and would be all over it the weekend - but who am I to say....GLA
How to fix - Jinny
Simples sell 2 billion of the mtg book just like the supermarkets - but hang on minute- won’t someone realise they can buy the whole company instead for that much! Hmmm What would you do....
Just a reminder that if VH was interested then after Wednesday the minimum he would have to offer if he reaches 30% would be £5 rather than £9.16 before this date. Quite a difference -especially if he had acquired 30% around £2 per share. Would drop the average to £4.07. That’s still well under 1B to buy the lot !
RKB thank-you for your efforts appreciated and look forward to continued analysis.
Indeed Warren Buffett would agree with you that checking out an establishment is certainly worthwhile to invest well. He reminds people that he would never had invested in American Express without noticing how many cards where being used which has created one of his most successful purchases. IMHO risk based pricing which they currently don’t use will easily move the loan numbers. Through experience customers are not always pleased at higher rates than advertised but it seldom stops the loans being taken out. A typical competitor in a busy town will knock out 10-15 loans a week so could generate an extra £280M a year on a simple policy and system change. (Based on average 10x7500 loan) and there is no reason why every other interviewed customer could not walk out with a credit card.
3 per day per adviser - 9 per day per branch - £2000 average limit - creates big numbers. This is an actual target of a competitor bank- though of course it’s purely service related.