I think Belfort is suggesting that he has already made around £6.50 profit on his Metro trades previously, so if he buys his 1 share back at £2 then after adding the £5.95 or so fees and subtracts his previous banked profit he will only have an average of £1.50. TTTTTTTTTTTT WWWWWWWWWWWWW AAAAAAAAAAA TTTTTTTTTTTTTTTTTTTTTTTT
RE: Metro Bank BID APPROACH / TAKEOVER PRIVATE13 Oct 2019 22:04
Whilst a big juicy offer would be nice, I can't see VH being allowed to bid this week even if he wants to. During a closed period, if he isn't allowed to buy one share, I can't see how he's allowed to bid for them all! Trying to get his ducks in a row for after results is how I see it.
Not in here myself, but building on what bapuk says, if the sp stays here or rises a little then taking up the Open Offer raises funds for the company you are trying to support. Buying shares in the open market doesn't raise any money for the company as they have already had that money and you are just swapping shares with the previous holder. If the sp drops a bit further then it is probably better on a personal basis to buy extra shares on the open market, even though this doesn't really help the company.
Yes, rush into domestic stocks so a number of those in double digits today and some of the dollar earnings are down. FTSE was actually down earlier even at the same time as the likely of RBS and Lloyds were up double digits. 2% move on the currency is pretty big if it is against you, so I am surprised this isn't down a bit more.
The London and South East (this) site being down wouldn't have any impact on logging an RNS unfortunately, and there isn't one on the official LSE site. Certainly interesting US movement though, and hopefully the sign of something positive.