Member Info for E_AL

No

They were after triggering the stop losses at 200 to load up on the cheap

# Trades 292

Vol. Sold 61,580

Sold Value £149.44k

Vol. Bought 163,832

Bought Value £398.04k

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

US Green energy companies spiked this afternoon… ITM,CWR will follow

"@dandgscotboy1: As a long holder of shares"

Member Since: 16th Oct 2023

Posts (All Time): 1

Says it all hahaha

A deramping attempt from the the Helikon Investments team ha? ha

“ 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.

I can sell all of my CWR position on HL but it doesn’t allow me to top up. Mm games & the sp will bounce back up shortly

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/

Green energy stocks are flying across the pond. All above 7%

ITM & CWR should follow very soon.

The share price is broke the 8 days MA on the tech chart which is a bullish sign

TwoGood2Die, just check out his past posts to see what he's up to on this board…

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

______________________________

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

Https://www.ft.com/content/4eb2aa0a-0c35-43ee-b921-ffc6cc5cdc58

Statement from the Bank of England

Published on 08 October 2023

Statement

Please 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

LONDON (Reuters) - British specialist lender Shawbrook made an offer for rival Co-op Bank and is weighing a fresh bid for embattled Metro Bank, people familiar with the matter told Reuters on Sunday.

“”Shawbrook, backed by private equity groups BC Partners and Pollen Street, tabled an indicative bid for Co-op in recent days, said the people, who spoke on condition of anonymity.””

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Separately, Shawbrook is considering a potential new bid for London-listed Metro Bank after several failed approaches earlier in the year, the sources said.

From last week’s RNS: “ For three consecutive quarters ended 30 June 2023, the bank has been profitable on an underlying basis, and it expects the Q3 trading update to show continued momentum in Personal and Business Current Account growth and customer acquisition, in line with expectations. Metro Bank continues to be well positioned for future growth.

”

“The bank’s shares jumped as much as 30% on Friday afternoon, reversing a 25% drop a day earlier that was sparked by fears it could struggle to source enough funding – including to refinance £350m worth of bonds as early as next autumn.

While shares have lost half their value over the past month, Metro stock ended the day up 21% at 45.25p each.

The recovery came amid news that the bank – which became the UK’s first new high street lender in more than a century in 2010 – had been sitting on an offer for a £600m capital injection from bondholders since Monday.

The Financial Times said Metro Bank had acknowledged but not yet accepted the offer, which could cover its funding needs and avoid the need to sell off assets. The newspaper said bondholders – represented by boutique investment bank, PJT Partners – first contacted Metro Bank’s board on Monday, two days before news of its funding needs caused panic and a drop in its share price.

PJT was contacted for comment and Metro Bank declined to comment.

Metro Bank’s funding needs have gained more attention than usual, given the simmering concerns over any lingering weaknesses in the banking sector. It follows the mini-crisis in March that led to the collapse of three regional US lenders, including Silicon Valley Bank and Switzerland’s largest lender, Credit Suisse.

The challenger bank has insisted it is “well positioned for future growth” and pointed to the fact that it swung back to profit in the first half of the year.”

https://amp.theguardian.com/business/2023/oct/06/metro-bank-shares-capital-offer-mortgage