Member Info for Mikey279

It’s a capital cost of storage so there’s value in the asset, /investment

No need for payback

Ok thanks missed that part…. 9m per year ebitda wow

But where do they get 65m or the 4m to close from….?

What shareholding? you don't even hold

Any thoughts on the tr1? Looks like a reduction but before the placing date …. They have have a large holding to liquidate?

A late report none the less so maybe irrelevant

Only 1p down on a wider market bloodbath, this breaks out this week, overhang looks clear now

All IMO

Our trading update announced on 6 June 2024 stated that we expected the EBITDA loss for the 12 months ended 30 April 2024 to be between £39.0m and £44.0m, improving on the previous guidance of £45.0m to £50.0m.

The EBITDA guidance included a provision relating to disputes on legacy projects. We have now concluded these matters and can release the provision for FY24. Accordingly, with the audit nearing completion, we expect the EBITDA loss for the year to improve to between £30.0m and £32.0m.

100m losses ?

We were en-route to breaking out last weeks close....like i said crazy world where a 10m saving ends up in red

today's dip is nothing more than being dragged donw by wider market

but we have 75% of mcap in cash along with the recent deals and news in a green friendly government

happy to hold here, should be well into the £s already

All IMO

Just wait in a few years time when there’s 100m+ net profit without the debt

30m divi

All IMO

Looks like it got dragged down with the rest of the market today, better week next week let’s hope

No reason why this isn’t in the 20s already IMO

Crazy world, where a £9-12m EBDITA plus adjustment puts you in the red.... cash or non cash adjustment, the risk is cleared so it doesnt have to be paid out at a future date.

All IMO

An additional 9-12m and 40% ahead of guidance, shell closing, 500mw and another and labour and EPL….

75% mcap in cash

Silly price

All IMO

Reckon a squeeze is imminent, it’s been pegged down for so long despite all the good news break 54-55 should see fireworks

All IMO

Yup another unexpected increase to cash runway

No reason why this isn’t in the £s already

All IMO

On a like for like around 47-55m, as per guidance of EDITDA 92-100m

Managing around 5-6m per month on debt clearing, now with the BOE interest cut and new facility along with 400m+ backlog,

Impressive RNS on all fronts really

chart wise suggests around high 20s-low 30s over the next sessions

All IMO DYOR

Unfortunately this looks done for the time being…. Guess the move was over inflated

Debt lowering +. Divis

No reason why this doesn’t head to 30+

Just imagine when the debt is eventually gone easily multibillion company

All IMO

I beg to differ, no one (myself including expected profitability to return so soon, especially with the mortgage sale), shorts will be in trouble here, tangible book value at £1.37, no reason why this doesn't shoot back into the £s now

Daniel Frumkin, Chief Executive Officer at Metro Bank, said:

“Metro Bank has made significant underlying progress during the first half of 2024. We have built real momentum in credit approved pipelines across commercial, corporate and SME lending, whilst expanding spreads in retail mortgages and repricing deposits. At the same time, our continued cost discipline is creating a simpler, more agile bank that is fit for the future.”

“Our upgraded guidance today reflects progress against our strategy, including the recent residential mortgage portfolio sale. We expect these actions to positively impact on our balance sheet in the fourth quarter of the current financial year, delivering a return to profitability.”

“We look to the future with renewed confidence, as we continue to strengthen and deepen our people-people banking and relationship-led services in areas our FANS value the most.”

All IMO

Long way to go here, book value per share is £1.37 as per results....imagine what it;ll be once profitability resumes

All IMO

Guess this caught the market by surprise

no reason why this shouldnt head back to £1-2bn+ this side of the year

chart levels 60p 80p £1

All IMO