Member Info for mbingo

Added another 3,500 into close to take my holding to 20k. Feels like it’s going to turn hard. Any positive brexit news, any equity interest from activists - and this should fly out of the current range. Let’s see next week.

Long is the order of the day! Nice turnaround ...

I'm with you on this Maverick. Long. Buys from 164-192. Let's see how this plays out. Think risk reward in favour of the Longs at this level.

I share your thoughts. They have a plan re the debt and the board are invested here to turn this around. The occasional blue diamond find will help... but not actually necessary. At £60m cap, see plenty of upside. I’m a buyer.

This is my view - statement infers a reduction in risk. Anyway, key with these types is to be comfortable with ones holding/ risk management.

Think the other bits of the RNS more relevant. I expect MMs will look to collect some shares at open and take this up. I’ll take a few more if they drop, otherwise hold.

Rating agencies have to be seen to be doing something ...

Reiteration of fundamental capital adequacy ratios, well ahead.

Metro bank had a pro forma CET1 ratio of 16.1% at 30 June 2019, that greatly exceeds its 10.6% minimum regulatory requirement. Its pro forma total capital ratio was 18.8% at the end of H1 2019. The bank is also highly liquid, reporting a liquidity coverage ratio of 163% at 30 June 2019.

Key bit is: The bank is confident it will meet its MREL requirement as at 1 January 2020, with a number of different options available to it.

I’m building a position here.

The directors have skin in the game here and options well in excess of the share price. They must believe that that will get this right and achieve the exponential growth forecast. Will investors be more convinced by this after tomorrow ....

Reaction to the 5th September statement has been severe. Share price more than halved in the month due to teething problems around the acquisition integration and slower immediate growth - although CEO more positive on the potential. Her statement:Nichole Stella, Chief Executive Officer, commented:"The acquisition is proving to be transformational, as underlined by the six-fold increase in Q2 US revenue. Whilst revenues have not advanced as quickly as we had hoped, the investments made into the supplier partner programs, data insights and new member services offering, allow us to look forward with confidence. We have the technology and have successfully built out the necessary team, infrastructure and service offerings to drive a sustainable and growing business far into the future. I remain confident that the potential for the business is greater than originally thought."

2.15 sounds low to me - I’d be careful (stop loss either way best in these scenarios); very volatile.

Key tech companies ready for launch!

Great find!

Teething problems, that’s all. Q2 revenue 2019 still 6 x Q2 revenue 2018. Us$12m expected in 2019 (from $16m). If they get it right, will be many multiples of current price. US business self-funding. US$ 3m in bank and bid for UK business - no capital raise required. Undervalued - and let’s hope that we see further proof of concept at month end (and director buys) for investors. Sentiment will come back very quickly if they do.

Article in link gives helpful perspective:https://federatedwireless.com/federated-wireless-announces-industry-first-3-5-ghz-cbrs-network-to-support-initial-commercial-deployments-of-shared-spectrum-services/

CEOs Allied Minds:"FCC approval represents achievement of the last key milestone for Federated, which is addressing a very substantial market opportunity in CBRS and other spectral bands and geographies."

It really is fantastic news for shareholders - and we are lucky to have the opportunity through Allied Minds!

I have. Largest holding. Each to their own, but conviction buy for me.

I bought 6000 yesterday. Really quite compelling at these prices. Massive director buys. Placing was 3 X oversubscribed at 500p. Personally think that Boris has a milieu better grip on EU relations etc and Brexit uncertainly will dissipate. Encouraging to see the net inflows if deposits in recent months. Funds 7.5% short here. When they buy back, this will reverse hard!

3 x 50k share buys today. Could Crystal Amber be loading up more on the quiet? Or another with deep pockets? Either way, nice to see.

Unbelievably cheap imo given the position of portfolio companies, US$100M cash (@Dec 2018) and cut to G&A costs moving forward. The market does not seem to have caught up yet! £140m market cap today!!