Member Info for Looptheloop

“Responsibly Joules - Protecting respecting growing together” It actually says that on the website.

I would have loved to be a fly on the wall in Richard Teatum’s house during the last week. I wonder if he bailed out?

Its important to be mindful of any share dilution too (if things actually get that far).

https://www.leading.uk.com/what-happens-to-the-share-stock-when-a-company-is-going-into-liquidation/

Yes, I understand that. I suspect that the turnaround plans were not started soon enough, how ever long ago that was.

“It is the group's intention to commence consultation with key stakeholders, including suppliers, on the turnaround plan including potential alternative options, should they be required." - Should they be required!!! How close does it have to get to the end point before someone decides that they are required?

Erm, shouldn't this have been started months ago? If they still aren't doing this yet, then surely, it’s already far too late. Surely any one that pumps money in at this point is just delaying the inevitable. The trading outlook continues to be worse than forecast. The turn around strategies will only work if customers are there to buy the products. Evidence shows that they aren't wanting to buy Joules products.

“A great balance sheet” - really? They wouldn't be in this situation if that was true, surely?

Feeling a bit sick now that I sold at 176 last week after a 50% loss. Oh well, good luck to those that stayed in.

I've sold my shares in this at around a 50% loss. Not the biggest investment ever and I'm thankful for that. I worry that's this will get far worse and have decided that getting some of my outlay back is better than none. It was always a gamble and I thought I'd got a reasonable price at the time but it's dropped significantly since then. My knowledge of the circumstances around this company are not sufficient for me to have a decent grip on how this will play out and so I'm out. I'd like to think that Metro Bank will succeed and I wish all of those sticking with their investments well.

Sadly that was a typo, I meant to type 834!

Not much to say I suppose. I bought MB shares at 384 and more today at 289 and, depressingly, I'm still watching the price drop. I also bought into Burford at 384 so not a great few days. However, I'm hopeful that there will be a turn around. I'm new to speculative purchasing of shares rather than holding them as long term investments and the next couple of months or so will determine whether I'm cut out to stay doing that or not. I've only invested a small amount so the losses, if they are materialised, won't be an issue. I'm more interested in my judgment abilities. So far I'm thinking that I won't be here too long. Whilst I've typed this MB have dropped another 7p......

Damn autocorrect - the title should have said 'why I WOULD switch to Metrobank'.

I would love Metro Bank to open a branch close to me. I currently bank at Barclays and every time I visit there is a queue out the doo and only one bank teller behind the desk. I've left several times after getting fed up with waiting before being served. No one wants to use the automatic paying in machines, most want to speak to a cashier or personally hand their cash over and get a receipt. I think on line banking has its place but, personally, in this sort of climate, I think customers want a physical branch that they can queue outside to get their money back if things start to go wrong. You cannot compare being able to speak to someone face to face if you experience problems. Sure, most of the time things don't go wrong, but it only has to happen to a customer once and it changes their whole perception.

Ditch the dog biscuits and other gimmicks as I'm not interested in those but I would switch for better customer service and longer opening hours. I don't think I can be the only person who thinks that way. I've not switched before now because all of the legacy banks are as bad as each other in terms of service.

Anyone else share this view?

https://www.lse.co.uk/rns/SPD/sports-direct-intl-statement-regarding-belgian-tax-authority-6f9oydtnrbep1sz.html

As a company, if you want to buy back shares, you want to buy them back at the lowest possible price, right? What causes the share price to drop? Bad news. Presumably it's illegal for a company to overplay bad news to its advantage? Of course, playing devils advocate, this could simply be a case of the news is bad so let's try to work with it as best we can, rather than the other way around?

Why would you not pitch in at less than £4.25?

What are your thoughts on the company publishing details of a new share buy back scheme straight after saying that there will be no future profits forecast, HofF is 'terminal', and the 'surprise' massive tax demand?