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Not a training exercise. You would be mad to take all your customer services staff in one go and effect all your frontline service. Particularly if it's a one hour session 4pm to 5pm.
If the business is going to be shut down you would inform your staff before your shareholders. If a RNS comes in after close of business, it WILL BE BAD NEWS.
Then again, it could be good news to tell them that their jobs are fine.
P.S I'm bricking it. If No RNS still a 50./50 play
Its puts pressure on FCA, but could this be a plus or negative for Amigo
https://www.thisismoney.co.uk/money/markets/article-10178941/Watchdog-slammed-LV-sale-FCA-told-reveal-details-rival-bid.html
Patience, Patience and Patience that's all that is needed. I am certain that we will get a result this week. Keep off the board, stop looking at SP every hour and focus on something else.
What will be will be.
GLA
If you don't know Carlye bought Butterfield where he worked. They KNOW what he is capable of. That's why they are interested . I believe that Co-op will put a bid in - no doubt.
It's a good fit for them. I can't see anyone else in the UK buying.
The last report showed that DF strategy is working. At his last job, he increased the MkCap from 0.5 to 4. He's a clever guy. I believe that by 2024 he will get Metro to £15.
Ratesetter, last time I checked was UK cheapest loan provider.
Papucel. Simply they're average is £16, book value is £7, rate setter is working, interest rates will be higher, losses a reducing., FCA won't give a big fine as the org has transformed since Vernon doggy. These are the reasons why the orig investors will say no to anything below £5. Also noting that there needs to be consolidation
The bidders will offer £1.80 to £2.
Unless there are 2 other bidders, I can't see a offer that the BOD will consider. Remember this is a hedge fund type organisation. They just want to turn it around and seller at a far higher price. DF worked with the in a Jamican bank and got the MkCap to 4 times book value. Imagine £28 share price for Metro.
That's why I don't want this to happen. As I know in 2024. This will be £15 at least.
So take your pick £2.50 now or £25 in 2 to 3 years.
We haven't even taped into the credit card market yet.
Zccax, I agree Co-op have said in articles that they want to scale up their branch network. Rate Setter is also a great vehicle who offer the cheapest loans on offer. Great idea to offload cheap mortgages to gain 19% interest. The growth should be huge.
The bidders are being opportunistic.
Metrobank investors such bought invesco, vernon, L&G and others etc bought in the IPO at £20, then a rights issue at £22 and and another at £5 (which was three times oversubscribed). So the average is £16, noting of course that some would have lent money to shorters.
I just can't see them giving this away for less than a £5 and I can't see Carlyle offering more than £3.50 (no chance at all). They are private investors who live off low level market businesses and are not know as high price bidders.
I can't see this going ahead, hence low market price.
I do see the Columbian maybe coming in with Vernon and others taking the bank private though. Vernon loves the bank and like so it it in his ownership or control.
Let's see
agree with you zcaxx77
If it was LLloyds. Nat West, GS or Bank of America. I would be excited.
The price is 1.05 when news came in. They won't pay double, treble. That's not how it works. Sainsburys was sold at half book value and we will have a big fine from FCA which needs to be considered and we have been loss making for 3 years.
Everyone here is popping one out on glorified £5, £7 and £10. lol
I've had some skin in this game for 3 years or so.
People are forgetting that price won't be based on the £10k they bought at £1 or less and dreaming on a ten bagger. Nope.
IPO was for £22, went to £40 and was making a profit. There was a rights issues at £22 and a further one 3 years ago for £5 (which was over subscribed)
Metro has a book value of £6. (Note that Sainsburys was sold at half book value and it wasn't being investigated by FCA, as we currently are). Therefore, we are looking certainly at less than £3, not factoring FCA. On this basis, we are looking at£2.50 and £3 MAX.
Metro is loss making and will be until 2024 (See Financial Report 2019/20)
Jaime Gilinski Bacal bought in 2 years ago (twice). His average is £1.20 and only has 3% to 4%. He will have little influence as will Vernon 5%. It's the 3 biggest investors who will swing it. So the question is .... what is their price? Are they willing to eait until 2024 before profits. How much further will the book value reduce until profits come. Also will they cash in, take their loss and invest elsewhere?
My average is £5 and I have over 100,000 shares, so please don't call me a deramper.
Look at the facts, anything over £3 is total ******s, More chance Boris marrying Farage with Elvis Presley giving him away dressed as a tranny.
£2 and £2.50 and no more. No