Tim Watts, CFO at Shield Therapeutics #STX presenting at our Life Sciences Investor Briefing Watch Now
On the Chopstix front whilst the linl below will be xxxxxxxx out if you go to chopstixgroup then franchise and then finances , it is not Metro that is listed ... it is big and bold HSBC
Marshall Wallace are currently holding a 1.46% short postion as of 12 days ago
Chopstix security agreement with Metro linked below
The lending eventually went through HSBC & NatWest at an extremely competative rate due to us ( we for you cuddothisnow) having an exemplary history of trading profuitably over the last quarter of a century.
We discussed significant commercial borrowing with Metro in April' 19 and the simple fact was that Senior Managers @ Metro did not know what was going on. An immediate ban on commercial lending hit their desks mid discussions and sadly no lending to commercial leads to further questions...
They need to get themselves sorted out on proper lending or get out of the UK as standard retail banking / low value private mortgages will not pay for their branches, imho
Yes, their customer services are having a hard time keeping up with demand but , it is
one of the five largest banks in the world by profit
in the top 15 safest banks in the world
has more branches and ATMs globally than any other international bank
has more than 80 million customers in over 40 countries
has more than $1.2 trillion in deposits and customer funds under management.
has more than 3 million shareholders.
yields a well covered current dividend 7.5% with an 8% forecast for 2011
... nothing is without risk , but you can clearly hedge that and if you are looking to tuck some away at these levels , there are far worst banks to have in a bank portfolio!
Mon Nov 22, 2010 5:34pm GMT
LONDON (Reuters) - Nationalised lender Anglo Irish Bank cleared the first major hurdle in its closely watched debt restructuring when a group of subordinated creditors agreed to take an 80 percent write-down on the value of their holdings.
Despite resistance from some noteholders, threatening to block any deal causing big losses, the necessary majority of bondholders voted on Monday to accept an exchange offer on 750 million euros ($1.0 billion) of floating rate notes due 2017.
Creditors holding about 690 million euros of those bonds agreed to exchange their debt for new notes and cash, Anglo Irish Bank ANGIB.UL said. Bondholders that reject the offer, to be settled on Wednesday, will get 1 euro cent per 1,000 euros of notes held.
The exchange offer was the first in a series of key creditor votes enabling Anglo Irish Bank to make holders of 1.6 billion euros of subordinated debt bear losses -- a method watched by other troubled institutions such as Irish Nationwide Building Society IRNBS.UL.
The Irish government has said subordinated bondholders of the two lenders would have to foot part of the bill to clean up the banks, although it has so far ruled out penalising senior creditors.
Anglo Irish Bank will hold votes in late December for the exchange of subordinated bonds due 2014 and 2016. A group of investors in the 2016 notes, claiming to hold a blocking stake in the bonds, could yet derail these exchanges.
(Reporting by Sarah White; Editing by Dan Lalor)
Posted in: NTX
like all these things , the end user will decide their fate. I personally consider that oil as a basis for energy , commercial , household , vehicular and aviation , etc , will be starting to be replaced by individual spec hydrogen generators within the next 10 years and that the oil industry module as we currently know it will be in decline and largely cleaned out within 25 years , but hey as NXT were £23 a share 10 years ago , anything can happen , gl ,Mark.