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JPMorgan has closed its short position in Cab Payments
https://shorttracker.co.uk/company/GB00BMCYKB41/
For the past hour I tried to top up here but neither my HL nor IG accounts allow me to do so. However, I can sell all of my position at price premium to the bid.
They are running out of shares to sell and I can see the share price climbs back up very soon
“ People who received shares for 30p in the placing are now selling down their original holdings and keeping the placed shares ”
Are you aware that the placement was specifically for existing investors who have significant losses, with their average purchase price well below the current share price? The additional shares from the placement will lower their average cost, but they will still need the share price to increase in order to reach a break-even point.
ITM Power on LinkedIn posted the following last night (With Photos) :
The first day of the World Hydrogen Congress has been great. The interest in our state-of-the-art products has been overwhelming!
Don't miss the chance to meet our team and learn more about our products TRIDENT, NEPTUNE and POSEIDON, and discuss how we can help you achieve your decarbonisation goals.
https://www.linkedin.com/feed/update/urn:li:activity:7117925205716426752/
A firm founded by Goldman Sachs and Och-Ziff alumni helped to orchestrate the weekend deal which is expected to preserve Metro Bank as an independent high street lender, Sky News learns.
A London-based hedge fund which fought a long-running battle with one of Italy's biggest banks has emerged as a key player in the deal to recapitalise Metro Bank, the high street lender.
Sky News understands that Caius Capital, which was founded in 2016 by Antonio Batista and William Douglas, is the largest bondholder involved in frantic weekend talks struck to keep Metro Bank trading as a standalone company.
Caius, which reached a settlement with Italian lender Unicredit in 2018 following a dispute over the bank's treatment of complex financial instruments, is said to have played a pivotal role in the agreement struck on Sunday evening.
https://news.sky.com/story/london-hedge-fund-caius-capital-was-key-player-in-metro-bank-rescue-12978338
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Hedge Fund Caius Led Creditors in UK Metro Bank’s Financing Deal
Caius Capital led a group of creditors that agreed to bolster Metro Bank Holdings Plc’s balance sheet after a weekend of frantic negotiations.
Caius, which had bought a chunk of Metro’s senior debt at discount, was among the hedge funds that signed up to the sale of additional £175 million ($214 million) of bonds, a crucial feature of the financing package agreed on Sunday, according to a person familiar with the matter.
https://www.bloomberg.com/news/articles/2023-10-09/hedge-fund-caius-led-creditors-in-uk-metro-bank-s-financing-deal?leadSource=uverify%20wall
Metro Bank Holdings Plc Chief Executive Officer Daniel Frumkin indicated that Barclays Plc is among the possible buyers of a £3 billion ($3.7 billion) mortgage portfolio the struggling lender put up for sale as it attempts to strengthen its balance sheet.
Answering a question from Barclays analyst Aman Rakkar about the sale of part of Metro Bank’s home lending book, Frumkin said the process had already attracted significant interest from potential suitors including one not “dissimilar to what’s on your paycheck.”
https://www.bloomberg.com/news/articles/2023-10-09/metro-bank-ceo-says-barclays-among-potential-buyers-of-mortgages?leadSource=uverify%20wall
"@MT11:Metro Bank have not even received written feedback from the Bank of England. Just verbal feedback."
Bank of England statement8 Oct 2023 22:22
Statement from the Bank of England
Published on 08 October 2023
Statement
lease see below a Prudential Regulation Authority spokesperson quote:
“The Prudential Regulation Authority welcomes the steps taken by Metro Bank to strengthen its capital position.”
https://www.bankofengland.co.uk/news/2023/october/metro-bank-statement