Member Info for MrMagorium

I would tend to agree Cambridge.

Once I saw the term 'EY Hired to find a buyer' I considered myself very lucky to not have a position here.

Once the Accountants tend to get involved the outcome is pretty much a nailed on disaster for shareholders. Now it's a damage limitation process.

That's a blunt synopsis Sagetrade, I too have had my doubts at times I must admit, so we'll just have to see how it all plans out.

Thanks for the update Lazy. That's very reassuring news.

Looking forward to seeing a prospectus, if indeed this transaction is still going to go ahead.

Profit seems to be being taken before the weekend as usual. Then Monday, who knows?

Could be another hike, or a bloodbath.

Bond, the par value on Metro's share is £1, and a company can not raise below that level, unless it decides it takes to undertake a split.

I don't think the comments regarding bank runs by those individuals with more than the FSCS limit in here are too profound... I also don't know what the value of that could be and what further damage that could do to Metro's capital adequacy...

I know one thing though, if I had any retail deposits with Metro; they would have been drawn out today, no questions. Forget the FSCS threshold.

Ps. That's slide 13 of their interim results 2023 presentation, and is also a 'medium' term target.

Who will stump up cash, to see this through to their 'targeted' 200 mil revenue, where they claim to be able to generate 20 mil PBT, so circa 16 mil Earnings. On a PE of 10, that's 160 mil market cap. Which for those mathemeticians amongst us will understand that's about a valuation of £1.15 per share.

This company is currently valued at 4 million.

I don't personally buy into those numbers they are claiming in their latest results, but if they were to somehow get there, that would be some turnaround!

How are you treating the Debt and Roll up of interest? Are you also discounting the value of the property on the Balance Sheet to take into consideration it would be a distressed sale and likely below market value?

There's more than one way to skin a cat.

I still can't get them, but realised only c 130mil shares in issue, so would likely explain why.

I personally think this could be a dog fundamentally, but recent trading has taught me that the dogs tend to be multi-baggers before they go into admin.

Can't get a bean at 1.8p at present.

Hmmm, looks a bit dodgey Dartron IMO, but given there are some strong stakeholders you highlight, the likelihood of this being taken private could be an option, but who knows what price that could be or who would make that offer.

White Gold will always have it's place in the UK, but so will AIM rip off deals where shareholders lose their shirts and shorts!

Unfortunately, to me; this stinks like an upcoming peanuts buyout, however... there are stakeholders involved here who IMO, won't just roll over straight away and therefore this could create volatile trading opportunities to those with nuts of steel ...

Not a great set of results, but I do think there is likely to be a Mike Cashley TR1 at some point over the coming days, which could recover the SP back to 30's.

Imo, gla, dyor

The terms of their funding look positive now, given how dire their financial situation was at they point they obtained it. Looks like they dodged a massive bullet July time, along with shareholders. All these distribution agreements don't look like they are adding materially to the top line yet and they do seem to still be burning through cash like no tomorrow.

How long will people keep stumping up the cash to keep this going in its current state? It's a brand, it has a variety of routes to market. Why are the overheads continuing to run so high?

Do they need a change of management, who are remunerated by the SP performance, as opposed to ludicrous salaries for delivering so little?

INVESTOR MEETINGS - LONDON - Key members of our executive team, Chairman and Founder, Brendan James, and Managing Director, Gina Bozinovski, will be in London next week (2-6 October) for a range of meetings and events with institutional, high-net-worth and sophisticated/professional investors. Please don’t hesitate to reach out if you're in the UK and would like to participate. In addition, opportunities exist for similar investor groups in Australia, from mid October. This investment round forms part of our IPO activities as we prepare to list on the London Stock Exchange (LSE).

Posted 6 hours ago... hopefully get an RNS on progress!

What is certain is that the marketing behind the RTO has been very poor. Line has gone pretty silent on social media front also. Not sure if that's for regulatory reasons, or there's a disagreement on valuation... I did notice in the results, the Directors appeared 'confident' this one would go ahead, but I'm having my own doubts... shame really, as I saw a pretty bullish article on Green Hydrogen recently and the opportunities it attracts.

Have to wait and see for an update regarding the prospectus and terms to NZI holders, but my confidence dwindles by the day...

Problem with gambling firms is that whilst they claim to support those with problems and addiction through time outs etc... I have seen evidence where they will then simulatenously send the same folk 'free bets' and 'offers' once the "time out" period ends, which in my opinion could to some, be considered negligent behaviour on their behalf. Yes, they now check, more dilligently what the persons annual salary is per year and their "committed" outgoings, but clearly a person with an addiction can easily make these numbers up. It is after all just a box ticking exercise.

The government has a tendency to latch on to such companies, fine them, tax them and ultimately; it's the shareholders who feel the brunt, through lower earnings, dividends, and lower rates of capital growth.

I will wait and see what happens, having made some on these already, as I am a big fan of the industry, but I do feel regulation could end up stunting it to some extent.

Hopefully Zak Mir stays away from this, anything I've seen tipped by them tanks massively. Luckily they seem to focus on technical analysis, whereas I'm here for the fundamentals.

Company is insolvent and is planning to delist and SP shoots up 35%. Sometimes I think I live in a parallel universe.