RE: Time to load up?5 Feb 2024 11:24
Just took my 1st tranche in this - potentially 1 of 5 on further drops or just content to watch this recover. DYOR.
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With Gilinski on Board anything is possible.
At the time of the capital raise last Oct the SP rallied. The placing price of 30p should limit downside however 34/5p seem a better entry point.
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from October 2023
However, throughout the speculation of the past few days, the bank has insisted that its finances remain strong and it continues to meet all regulatory requirements.
Under the terms of the financing deal, Colombian billionaire Jaime Gilinski Bacal will become Metro Bank's controlling shareholder with a 53% stake.
His firm, Spaldy Investments, will sink £102m into the bank.
Metro Bank's shares rebounded on Monday following news of the deal and continued to rise on Tuesday to trade at about 55p.