Member Info for MaverickD

See the point being “dilution relative to ownership” not relative to value…….as they are placing a value of circa £225m (about that I think) for the business as is. Not this provides the assurance the wider market wanted in a relatively short period of time. What that does not close the door on is the potential for a takeover bid to be tabled, once some players have the time needed for due diligence. Shawbrook on the other hand might be in pole position as they have already tabled multiple offers and I would think now Metro have this all agreed and are therefore in a better negotiating position.

@Theriflemans - you need to understand how it works. There is no overhang - it’s a firm placing amongst Senior Shareholders, who have elected to participate - even the CEO has used £2m of his hard earned to participate. The deal gives the business a more robust financial footing and will allow it to organically grow. With this financial package in place you will see the shorts running for cover tomorrow. What is even nicer is the board have penned and published an RNS already, so no having an anxious wait until 7am - its all on the Metro website. Still a chance of Shawbrook coming in with an offer, but this will be at a premium to what they probably discussed behind closed doors previously.

Someone talking sense - looks like a valuation of £225M plus here. I think the shorts will be toast tomorrow……”mind the gap”……….lets all wait to read the RNS.

Not sure how everyone else’s maths is like, but if the largest holder went from 9% to 52% for an additional £102M that would indicate 100% is circa £225m plus

Hopefully the shorts get burned tomorrow!

Metro Bank agrees financing package with investors

UK challenger bank announces a £325mn capital raise and £600mn of debt refinancing

Story is breaking now

Just out! Look for fine details in the morning

Could be north of £1.20 - Banking Licence is attractive hence why the likes of Chase were looking - Gov/ PRA sweetener maybe just to get a deal over the line. Remember the refinancing required is over 18 months away, but I am sure all parties want the uncertainty removed asap. Depending on what emerges ( I mean quite a lot has) I’d I was short I would be a little uncomfortable right now. You can see some of the comments on the board and it looks desperate.

Seems we are holding…….but will see how the next 45 mins go

Time to close out this should break out we have just seen a fill in the last 90 mins

They are loading them up……wonder how high we go?

Or 22% up from the close yesterday - depends how you slice it

Looking like its just starting to make the next move after taking a breather

That news was yesterday - this move is something else…….guess we will find out. Perhaps sale completed or the BOE/PRA have backstopped Metro……or there is an offer for the business…….we don’t know……..these are all possibilities

Dare I say Short Covering Rallies can be really painful………MMs want the float

Looking better now I take it guys

2good - you are so right and hence I believe we are set up nicely for a rebound

Likewise NG - I bought based on the charts and that’s failed because they can’t predict actual news. Still feel the leak was “planned” and now I believe we will see action on multiple fronts. Yes holding, buying and selling hold risks - thanks for the heads up - funny chap

Nervous for who NG? Shorts I think will be nervous because the BOE and PRA are probably going through Metro’s revised AIRB application……..I am down today yes, but could easily flip, which I believe it will.

Think engineered by short players - I think we are in for a big rebound. The RNS yesterday was to reassure the markets. Yes discussions over the 350m need to take place, however we are talking mid 2025 - plenty of time. Now with potential mortgage book being shed by a third I think the PRA may approve what they rejected last month. I can see one hell of a rally here. On the flip side our valuation makes us a target for a hostile takeover………I would be buying……..at 35p yesterday the market was in fear today there seem a little more light and dare I say green shoots. Oh and the chartist in me also says oversold and with the UT closing yesterday at 37.5p and us gapping higher and now moving higher that is also a positive.