Member Info for mt11

He couldn’t get the backing to take it private and he can’t afford to do it alone. So now he’s looking at what he can afford and that’s restructuring and trying to pick out the best parts and jump out of leases. Whether the board and existing shareholders will let him is another matter.

The latest statement sounds colloquial for JD wanting to take it private for a £1. I wonder if he’s poisoned the well by doing the IP sales in foreign markets to make it messy for Fraser or other possible acquirers.

We know there's a strong connection for JD and he doesn't want to lose it. But he can offer whatever he likes. If it's too low then it might fail to get voted through.

In all fairness, there's still value in Superdry if they streamline the size, so much bloat at this point. And to be fair to JD he's trying but a tough trading period but we have the glimmers of light appearing now.

I'm not employed by anyone to post here and I'm not overly negative on the bank, I would like it to succeed but I'm also realistic about it. Talking of which...

"We were pleased to return to profit on a statutory basis"

I bet the debt holders were not happy with the haircut that contributed to Metro Bank achieving this.

"‘Folds into one of the bigger banks’… a possibility with a decent offer"

Keeping a bank from failing even if it wipes out shareholders is "a decent offer" to regulators and political parties.

We're some way off that but it can't be more of the same.

Galinski purchased near 10% for a steep premium so there was a belief that it can work and it all looked good if Metro Bank could convince the regulator to approve AIRB.

Not only did they fail that, but they also caused a panic by announcing they need to work on the AIRB application when they had not even had the official confirmation in writing. The next potential catalysts for the share price recovery are

- New CEO

- Sale of the Mortgage book to reposition as a specialist lender like Shawbrook

- AIRB application approval

- Easing of capital regulations for smaller banks

Then again nothing could happen and it folds into one of the bigger Banks with regulatory concessions.

Total freefall now

Might as well do a share consolidation to fix optics of this being a penny share.

Under last fund raise price now.

At this point getting rid of the CEO will boost the share price. How long does he have?

DF is trying to revive Community Banking hype.

Metro Bank is more likely to dispose of more assets instead of trying to raise more capital. That £3bn mortgage book will get broken up and part of it sold.

Regulators had to approve the last deal and they might not be keen on sole foreign ownership which might be the reason it wasn’t taken off the market last year.

Metro Bank need to work on the narrative and more than likely dispose of the current CEO who is out of ideas. Then cut, cut, and cut some more until the bleeding stops. Then find some growth levers.

Ian is not worried about Superdry tapping Hilco for more funds either.

He wanted to get to 2.5 million shares back when the shares were 15p a share but was unable to get the funds into his SIPP and II account in before Dunkerton announced plans of taking Superdry private.

Now this fool is channelling his best impression of Ted Lasso.

His interim CFO chuckled - she's obviously heard this anecdote multiple times. Anyway he quoted the John Wooden and not worrying about the competition.

He said 2024 will be a loss making year.

i said *****uple which means "increase or cause to increase fivefold"

why on earth is that redacted?

he just said they'll *****uple profits between 2025 and 2028

lol this clown

Wednesday 13 March

A few hundred million from the last funding round?

Metro Bank is in a very position now in regards to capital. However they have a sentiment issue and the next update is the FY 2023 Results to be announced on 13 March 2024.

There are various types of forms: https://www.thetakeoverpanel.org.uk/disclosure/disclosure-forms