Member Info for Glowacki

Storm in a teacup...The private equity bid was 5 months ago,at twice the value of the SP at that time.. Flatly rejected by Mr Big Head..He will not sell because his ego is such that it will represent a failure by him,and possible eventual success by the buyers.

Got out...

It's never a contractual item in any company,but rather what's called good governance or corporate practice..The are obliged by the board,rather than contracted to buy.

The non executive director buying £10,000 today,is nothing to get excited about..It's a company requirement for any director to buy a certain amount of shares based on their renumeration..Ask yourself this..if no other company wants to takeover capita at this tiny SP,why then would anyone member of the public want to buy shares in this company...

Shorting increased yesterday for petrofac..This is over yet..

On Tuesday,inspite of SP increasing,a short position was increased to 0.73%...l suspect they are calculating that the statement on 27/03 will underwhelm the markets and lower SP..Going to be interesting

Trisor.

Ignore the 19p which was used to calculate his share allocation..He gets the shares for free on dates stipulated.Once he vests (accepts the shares) they are added to the overall shares in issue..It's legalised corruption.

Kulara

He is obliged under company policy to buy a certain percentage of his salary shares direct from the market..All new CEOs have to do this.

1.30pm and nearly 9 million shares traded..Can only mean other short positions are being created or increased..This share will slowly drift down to around very low 20s over next month..l have sold at a big loss.

The first significant short position disclosed Friday at 0.53%..This looks like the company is in for prolonged slide in shares..

Not just the problem of people making false car loan charges,but the CEO also stated revenues will be down due to realignment of trading strategy..Dividend is reduced to a tiny amount for next 18 months..The share price will,have a bump upwards then meander sideways and downwards to around 16/8p over next few months..Notice no director buying even at 50p level

It's bad enough making a loss for yet another year,but what makes Metro bank investable is is what the CEO said with regard to 2024.....that costs of continuing restructuring will carry thru and impact on 2024 profits..

Underlying profit and pre tax profit....

The most important metric is the underlying one for investors..Pre tax includes any one off gains and losses,eg provisions,sales etc.. Underlying is the figures used to show the actual day to day trading profitability of the company.

Therefore Metro made another loss for 2023..

On a positive note,the bank only became profitable in final quater

Dominos have effectively given a good 2023 results,but tempered it with a lower trading warning for first quarter 2024..Sales down so far on last year..

Trisor..when l say contracts business,where you don't really know the full costs associated with the bid for contract..Because each bids costs are different as the contract is unique..Take darktrace for instance,they know exactly what their unit cost is as it is a repeat performance of previous bids,as are oil and gas companies... Hope this makes sense..By the way forget to mention that capita also has over 200% gearing relative to its market value..

Re Warren..

Yeah right..you forgot to mention well over half a billion pounds in debt,no profits and £100 million trading loss in 2023..What's not to like??? Noone will come near capita as it is a contracts based business

Let's be honest here..Any company that has to freeze staff wages can only mean the company is utterly desperate to save money to survive..It means they are still trading in the red,so cannot distribute any funds..l am expecting the SP to drift sideways and downwards to around 11/12p mark for rest of the year..l sold today at £1,340 LOSS

Oh dear.We are all in now for at least a two year wait to see a trading recovery.Nect year is a right off.. CEO buy £52,000 of shares which is decent but not excessive to give SP momentum.. CEO also states £100m of additional cost saving targeting for next year..However debts increased by £100m this year so all it amounts to is swings and roundabouts..Very depressing..Private equity does not usually target contract based businesses due to uncertain profitability and high debts

As a new CEO l think he is obliged to own a certain amount of shares

Just a lot of waffle by CEO,hiding poor to at best indifferent trading..Next financial year is going to be roughly flat..It's a sell even at this price.. Takeovers are rare for companies who depend on contracts wins ,but that do not Guarantee profits.

Shorts reduced yesterday for fifth time..We now know why as per today's RNS..I read the main way shorts get their info is thru a suspect within the bank network who are organising a restructuring or refinancing..That's why it's best to follow them rather then bet against them