Member Info for Monkshood

It's my fault Big B - I purchased some after the results looked ok - with some funds from selling out of metro.....
Talk about compounding mistakes.
Last quarter this part was 12% of production - so it is not as if all production stops (if I understand it correctly). I am only down on todays fall and had planned on holding this for a while so I am staying in for now (not that is any reassurance with my recent track record).

That was a rather dumb question! as cash is an asset total nav must increase.
When the next dividend is paid, because the share base is now larger, but the new money will not yet be generating income (beyond reducing some debt), does this mean that the NAV (per share) will fall further than it would have without the placing?

When infrastructure funds do placings does the NAV then approximately increase by the size of the placing, or is it only reflected once it is invested in the projects?

The trouble wit this share is that it can make you rather schizophrenic, one day you are all rampy, then after the price falls £1.00 you feel rather more derampy

I am sure that I will not be popular for saying this, but I think that they will let it run up higher (provided it is not too rapid) then use any hint of bad news to try to knock it back down towards 150. If you remember the last set of results was pretty much as expected but they managed to push it down hard after these. Hard Brexit- they will give it a helping downward push , same for the FCA report.
Until these issues have been resolved I believe that they will sit on it controlling the 'waves' I think that it is likely to be at least another quater before we see them move away (unless something more dramatic happens -buy out etc). Once they have gone people will be more confident about holding longer term and the price will rise.

Correction, GRID did not go into the small cap in September (I thought that it would) so also still in the Special Fund Section.

UTL are hoping to relist to the special fund segment this week (ish) so follow what happens there, I am invested in this so will be interested as well! Their reason is to continue buybacks which will reduce the free float below 25% -so not a dissimilar situation.
I have read some saying that it may increase dealing charges and liquidity of the shares, but I believe GRID was in this when I purchased some of these, I did not even realise it at the time so I am not sure about this (it went into the small cap at the last rebalance) . Have a look at some of those listed eg TFGS - they probably have a bigger listed spread than amgo but actually trade in a narrower range than implied.
Anyway this is only hypothetical, but does show that their are solutions to a free float of less than 25%.

Tempted to move to bitcoin as more stable than metro....

They could re-list in the Specialist Fund Segment (or even AIM) where the rules are different so there are ways around this without delisting entirely.

There were no reported increase in shorts in the drop from 220, it will interesting to see if any are reported today (they would be late).

Now that the hype has died down, and we are back to the usual daily 20% swings, at what point do people think the shorts will start to close?
Obviously, if there is a serious attempt to take it private or a buy out, but personally I do not see this happening and would not wish to bank on it (excuse the pun..) So, then the other factors in play are the next quarter results, Brexit and the FCA report.
The first two should be clearer (well may be not Brexit..) in the next few weeks, not sure when the FCA report come out although it clearly was not thought to be potentially scary enough to put off the bond purchasers when offered an extra 2% and Vernon’s head!
The information in the bond prospectus indicated that the results should be OK although I still have some concerns as why the second bond purchase was last week after stating there was no rush The comment in the rns re-successful placing ‘Such actions could include, but are not limited to, further inorganic measures such as asset sales or securitisation.’ makes me think that they will do something along these lines, not sure how it will be viewed though.
Clearly it is going to take a steady build of the price rather than the ‘group waves’ that we currently get, will this only happen once all of the ‘stars’ are aligned or will a reasonable set of results be enough?

So 1m metro shares @150

So he has (or will be ) generating an 'undisclosed' sum by selling Petplan -
@snige 'Selling up at Petplan indicates to me at 74 he wishes to call it a day and sail into the sunset. '
Or does it generate funds for increasing his stake in Metro?

or even not at this cheap price

Yes, but it is then at this cheap price...

Exactly. He could have done it at 900, 500 or 300 but has not so why would he now ? Humped off about being booted out?

The telegraph article says that he would consider buying at 'this depressed price' not 950, so why is everyone assuming that he would take it private at a much higher level?

@Decisions on the 4th 'Lots of things going on behind the scenes here

Could the announcement be in the Sunday Times ……. mmmmm'
Very prescient - connections?

I do think that their business model is OK, 80% of branch running costs are from deposit boxes. The big banks are not closing the all their main big branches (at least in my area) only the smaller less /non profitable ones. I don't think that anyone is expecting it to go to one of the big 4.
I think that Vernon had the hump about having to step aside and then started to ask around about taking it private.

I am sure there will be a long auction, I just have some concerns that this will turn into another of the 'big waves' that we have seen before.

I do not think that there is support for Vernon to buy it back. If you look at the sequence of this weeks rns's the one about his standing down must have been forced on him, as a requirement, by at least some of those purchasing the bonds.
I am still puzzled as to the timing of the bonds and thus his standing down, why after all the talk of 'we have until Jan' did they do it last week? If it is a grand plan, it seems strange to do it whilst he is locked out of purchasing the shares until the results. Surely it would have been better to do all of this after they are released.
If he started to buy 1m tranches of shares the price would have gone up pretty quickly whatever.