The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Are Reabold Resources and Union Jack Oil shares about to go into orbit because of West Newton? #RBD #UJO #westnewton https://contrarianinvestor.net/posts/2019/11/6/are-reabold-resources-and-union-jack-oil-shares-about-to-go-into-orbit-because-of-west-newton
Are Reabold Resources and Union Jack Oil shares about to go into orbit because of West Newton? BMD daniel article.https://contrarianinvestor.net/posts/2019/11/6/are-reabold-resources-and-union-jack-oil-shares-about-to-go-into-orbit-because-of-west-newton
More Metro Bank share price gains as rumours of takeover interest continue to swirl https://contrarianinvestor.net/posts/2019/11/6/more-metro-bank-share-price-gains-as-rumours-of-takeover-interest-continue-to-swirl
All eyes on Union Jack oil Wressle planning inquiry in Lincolnshire as shares bounce from lows https://contrarianinvestor.net/posts/2019/11/5/all-eyes-on-union-jack-oil-wressle-planning-inquiry-in-lincolnshire
So now we have Virgin CYBG and Lloyds and chance of Vernon Hill taking private, all from credible sources - ES and Telegraph. £2.30 still mighty cheap. Going to be fun. https://contrarianinvestor.net/posts/2019/11/5/virgin-money-move-into-metro-bank-takeover-fray
Let's be honest the SP has been a bit dull for the last couple of months. 1-1.2p. Yamn. But the horizontal hh-2z is about to reach target depth in the next couple of weeks and we should see some mighty nice flows confirming that 1p is ridiculous. Read the full contrarian investor article at https://contrarianinvestor.net/posts/2019/11/2/contrarian-investor-portfolio-review-november-2-2019
The Company is in the process of ensuring permits are in place for the drilling of the next well on the Liberator Field, which will be a pilot well targeting the Captain sand in the remapped L2 accumulation - a closure to the north east of the 13/23c-9 well. This region, similar to the A3 and A4 target areas, has significant relief above the prognosed oil-water contact and will provide a good location for a future development well. Read the full article at https://contrarianinvestor.net/posts/2019/11/2/contrarian-investor-portfolio-review-november-2-2019
Good to see my hunch that 200p for MTRO was a steal given 16% Tier 1 Capital ratio, no red flags in Q3 earnings and early departure of vernon. A predator could easily refinance the $300 m of bonds, deploy MREL capital and cut costs e.g. Lloyds, Virgin Money, RBS etc. MTRO has a reputation for good customer services and despte all the negative news actually grew deppsits and customers during Q3. I think a takeover will happen.Will it be Lloyds, who knows. It was be 600p, but 234p is still way too cheap. See contrarian investor article on MTRO at https://contrarianinvestor.net/posts/2019/11/2/contrarian-investor-portfolio-review-november-2-2019
Whatever happens next week on the takeover front, Metro is very undervalued. Tier 1 capital 16 percent, good customer reviews, growing deposits, loans and customer numbers. Net book £8-10. Metro is not going bust. A new owner could refinance the MREL bond issue at much less than 9.5 percent, reduce branch opening and sort out the loan book. At £2 a predator could make plenty of money with access to cheap money. If a takeover or take private deal goes through it’s more line £4-6 not £2.30. https://contrarianinvestor.net/posts/2019/10/23/metro-bank-mtro-q3-2019-results-beats-analyst-expectations-despite-gloom-about-the-bank
Mr Andrew Prelea, Chief Executive Director of the Company, purchased 4,000,000 ordinary shares of 0.1 pence each in the share capital of the Company (“Ordinary Shares”) at a price of 0.2725 pence per Ordinary Share.
I3 Energy delivers great result at Serenity prospect and shares very undervalued https://contrarianinvestor.net/posts/2019/10/29/i3-energy-delivers-great-result-at-serenity-prospect-and-shares-very-undervalued
So the funding package wasn't perfect but plenty of upsie at 0.3p. Buy and research, not buy and hold. Trade and accumulate. see latest contrarian investor piece at https://contrarianinvestor.net/posts/2019/10/28/contrarian-investor-portfolio-review-october-28th-2019
Annoying to see RBD issues with equity swap with Rathlin shareholders. Delay but not cancelled but any news on West newton will make it harder to do swap as they realise value. Maybe they will need to pay more. Buy on the dips. See the latest contrarian investor analysis on RBD and UJO https://contrarianinvestor.net/posts/2019/10/28/contrarian-investor-portfolio-review-october-28th-2019
Annoying to see RBD issues with equity swap with Rathlin shareholders. Delay but not cancelled. Maybe they will need to pay more. Buy on the dips. See the latest contrarian investor analysis on RBD and UJO https://contrarianinvestor.net/posts/2019/10/28/contrarian-investor-portfolio-review-october-28th-2019