Member Info for Glowacki

They sold their 5% holding,then bought it back at lower price,and just now increased their holding to 6.3%

Because of the high debts,the company might have to have a rights issue to bolster the balance sheet..(re last interims). This a major reason l guess

Debt in June was £219m and is now probably nearer to £235m

So here we go...Half a billion shares to be issued after EGM on morning of 28/11/23...l am not an expert but l assume the 30p rights issue price is actually at a big premium to the ex rights price..The new price after issue of new shares might be mid single figures.

I don't get it..You are allowed to increase company shares by up to 20% without any fuss,but if it's greater than that the company needs shareholders approval via an EGM..Yet the company makes no mention of this today,or when the extra shares will commence trading on LSE.Or crucially,what the ex rights price will be..I am obviously missing something here,as the company gives the impression the capital has already been raised and extra shares are being traded.. Somebody cleverer than me might enlighten things???

12p and still no sign of director buying..A sure sign this SP is going nowhere in the short and medium term.

Once a short position is closed,the SP usually drifts downwards as no follow thru buying (other then tiddlers getting sucked in) The MM lifts the SP as shorter closes to suck in retail punters thinking the SP has upward momentum..Then when the shorter is done the MM drops the SP to make retail punters think they have got a bargain but are essentially sucked in again..Patience is required to avoid all the pitfalls in a barely legal stock market

Traders yesterday reported heavy covering of short positions..rather than any fresh investors coming in.l suspect the SP will now hover or slowly slide now shorters are done.

Somebody is closing their short position,rather than fresh actual buying by investors..

Any share that has a slow precipitous decline (for no obvious reason) over a few weeks, always indicates that insider's are getting out ahead of news updates... It's a corrupt business is the stock market,where the retail investors face hardest,biggest losses,as they are last to know anything.

I suspect the big increase today is concerted director buying..Will be revealed in the morning

Bought @ 76p sold just now for 42p for a massive loss..I will probably buy back same shares after capital raise completion.Meanwhile so as not to crystallise my losses l bought with same money received from Metro Aston Martin PLC

I emailed the company asking to include retail investors in the 30p raise in order to facilitate at least a breakeven for us all,rather than nurse huge losses...Below is their response..

The capital package that was agreed underpins the financial stability of the bank and there was a requirement to have a certain deal at announcement, given this and the accelerated timetable it was not possible to facilitate broad participation. Whilst there is dilution to existing shareholders, we are confident that this deal is in the best interests of all stakeholders – particularly when compared to the alternatives.

The capital package that was agreed underpins the financial stability of the bank and there was a requirement to have a certain deal at announcement, given this and the accelerated timetable it was not possible to facilitate broad participation. Whilst there is dilution to existing shareholders, we are confident that this deal is in the best interests of all stakeholders – particularly when compared to the alternatives.

They use accelerated timetable as the excuse for not allowing retail investors to participate...In fact it is hardly accelerated,but a slow 8 week process..They just simply could not care less about small fry.

Tuan

It all hinges on Q3 trading update..If it is very good, people will hang on to their 30p shares..if the update is anything less than brilliant we might well see an avalanche of selling down to the twenties..It's incredibly callous of the BoD to omit retail shareholders from the 30p raise as it would make a break even point more realistic..

Two good die

£3 billion is not Metro's as such but the whole lot will go to third parties who they borrowed the money from..Metro will receive zero cash benefit plus lower future profits because of the disposal..It is simply a measure to have greater capital buffers.

Still no director buying even at these low prices..l don't think this company gives an Xmas trading update,so we have a long wait for any news to possibly lift the shares

1,184,000 shares sold yesterday at 16.35pm

NoFear

This time it's not the market makers but rather someone sold 363,200 shares late in the day.

Cyberdoggy

Telegraph THOUGHT it would have been in the area of 200p,based on an SP of 119p...The price and even the offer was kept secret.

Five eight

Telegraph mentioned a while back that Shawbrook made their first offer of around 200p (Metro SP was at the time 119p) It was flatly turned down by the directors as wholly undervalued the company..Draw your own conclusions about the current board of directors..

On a positive note,the thing that could force an upgrade in SP is if the company declare STRONG profits growth in early November.