Member Info for E_AL

Nice wave of buys going through on the L2, it will tick up anytime soon :

09:42:15 0.4999 63,596 317.92 O
09:38:54 0.4988 450,000 2,245 O
09:38:50 0.4988 999,000 4,983 O
09:37:02 0.4988 150,000 748.20 O
09:36:55 0.4988 1,000,000 4,988 O
09:29:32 0.499 115,250 575.10 O
09:22:27 0.499 150,000 748.50 O
09:22:09 0.4924 1,000,000 4,924 O
09:14:00 0.494 140,000 691.60 O
09:08:29 0.4899 99,622 488.05 O
09:06:18 0.488 1,022,756 4,991 O
09:03:46 0.4774 999,000 4,769 O
09:03:00 0.4774 241,411 1,152 O
09:02:19 0.4788 499,383 2,391 O

You are welcome Tex2374, I saw this article earlier today on twitter and I found it very balanced, it covers all aspects about the company and the current situation.

The title of my post should have ‘are’ instead of ‘see’ ... silly IPhone auto correction ha

Very interesting article which gives current and new investors a comprehensive understanding about what’s going on at Sirius Minerals & its polyhalite mine in Yorkshire :

https://contrarianinvestor.net/posts/2019/9/29/sirius-minerals-continues-to-fall-as-financing-worries-grow

Activist investors are eyeing up Metro Bank after a failed bond offering and contemplating taking a stake or buying up parts of the business that could be profitable.

US raider Elliott Advisors is one of a group of investors circling the the UK challenger bank, the Sunday Times reported.

The struggling lender was forced to ditch a £250m bond issue last week after investors showed little demand for the debt despite the sizeable yield Metro Bank had offered.

Barclays analyst Aman Rakkar said last week that the failed issuance meant there was “an increasing likelihood – and need – for Metro to dispose of ‘non-core’ assets”.

He said asset sales could reduce the size of bonds that Metro Bank needs to issue and could “potentially sizably boost capital at the expense of earnings”.

Activist investors are interested in buying an equity stake or new debt in a private placement, the Sunday Times said.

Other investors are toying with the purchase of Metro’s deposit book as a way to access cheap funding.

Metro has suffered since the a major loan book error in January sent shares tumbling. Shares have fallen almost 90 per cent since the start of the year.

The lender, which launched in Britain in 2010, had sought to raise £250m with its bond issue before a regulatory deadline in January 2020.

But despite a 7.5 per cent yield orders had only reached £165m by 1pm on Monday.

Metro said in a statement: “Given the current market conditions though Metro have elected to not proceed with a transaction at this time.”

Metro Bank could not be reached for comment. Elliott Advisors declined to comment.

https://www.cityam.com/activist-investors-circling-metro-bank/

Someone did on twitter : https://twitter.com/smallcappick/status/1178189955845230593?s=21

Alex is gutted for missing the opportunity of buying at the rock bottom so he is desperately deramping now to buy cheap...

His tweets from Friday :

@3:42pm:

“#MTRO

Nice bounce sadly my order at one fiddy didn't get there”

@4:31pm:

“#MTRO

Well played

Few more sessions like this and it's back to 250-300p range”

Yoshie,

27th of Sept. (Before the RNS)

Whitebox Advisors LLC short position in METRO BANK PLC up 0.09%

ENA Investment Capital LLP short position in METRO BANK PLC down -1.10%

Only 172m Shares in issue , iis & BOD hold large portion of them ... imo next Monday the shorters will get burn, something they really deserve

If you dont need the money right now then I would recommend to keep holding.

So 2x 825 k over the past couple of hours and now this one :

14:31:11. 167. 195,915. 327.18k

Isn’t it clear what’s going on here ???

We’ve missed a £825k buy ha

Either shorts closing or institutional investors filling their boots.

Nice chunky buy just gone through !!

12:16:24 165.00 500,000 825.00k

Whitebox Advisors Did NOT open new short position yesterday :

From @ShortDataUK twitter account :

“ Whitebox Advisors LLC short position in METRO BANK PLC Unchanged at 0.62% #MTRO $MTRO #LSE #StockMarket #Stocks #Shares #Business #Markets #Trading #News #Investing #Short

https://twitter.com/shortdatauk/status/1176885833279954946?s=21

“

What I've noticed from being on the L2 since the opening, the sp drops on small volumes then chunky orders goes through ......... It looks to me like institutional investor(s) or the City boys holding positions - RSI is under 20% (oversold)

Yesterday, the sp slid from the opening till 10am then it bounced... Hope we'll see the same today

“RT AlignResearch "Ref Metro Bank #MTRO - Further reports that the bank has put itself up for sale. Depending on price action today would expect an RNS in short term confirming management's”

“RT AlignResearch "Ref Metro Bank #MTRO.
It begins - ( https://www.biznews.com/premium/2019/09/25/david-shapiro-capitec-uk-banking/ )… likely to be one of many names in takeover frame in days ahead. Our gues is £4-5 would do it with regulator arm twisting."”

https://twitter.com/ZaksTradersCafe

Quite ironic that the company was at ‘52 Week High’ this time last year @ 3,012.0 - 52 Week High Date 27-Sep-2018

52 Week Low 167.90 - 52 Week Low Date 25-Sep-2019

In my opinion the sp drop yesterday was overdone and the market knew it so the sp ended almost flat today with £2M more buys than sells . I’d like to think that iis and The City boys who were waiting for the dust to settle & the panic sell to fade will start to hold positions tomorrow and hopefully we’ll see some sp recovery.

"@pione3r : Illbetabuck. It's quite strange for me to be on the same side as you.
Interesting turns in life."

Pione3r , you are not the only one haha

You'll get several shorts closing notifications this week ;)

There is nice buying pressure trying to break the 180p resistance ..I think the sp will kiss 200p before eod