Member Info for NOVECKINGOOD

Thanks comeonvog, can you try and do 30 second share price updates, most of us haven't got a clue what's going on with Metro or anything else for that matter - I'm not even facing the right way..

Be sure to update us on your lunch choices today too.

He could also vote against it being granted..

thanks jim jam, not sure where anyone was advocating investing everything in to one share ?!

I manage £45+ million of client money and I'm still 90% in cash on my own investments..

This could be the start of a correction not the end of it...

Not advice , but you can switch your fixed cash ISA to a stocks and shares ISA (seamless) and drip in to bank shares on the drops.

You can switch back in to cash instruments at any time..

Risk and reward, value not cost..

The recent drop is great news, this will be easy money again just as it was in the last few weeks.

1.76 was a licence to print money - 5.00 when the world was ending and they needed to be bailed out (albeit the sector is a very different animal now)I got out at 2.04 (too early) and then went long vix and short indices.

Easy trades at all time high US with all of the current headwinds - back in as from yesterday and today and am just long 3 banks - hoping for more drops to build a similar position.

Up we win down we win more if we add - it really is that simple IMO.

I read it that they were options not shares given.

If the price has risen at the option date then they effectively bank the difference, if it drops then they don't take up their option - win win, and not aligned to PI's - they never have been.

Not sure how you're not down on the latest purchase, it's not possible to be level or ahead on any shares currently held..

The outstanding balance on the BGFI Bank loan facility at 30 June 2019 was $18.8 million (31 December 2018: $19.4 million). The loan has a remaining term of four years at 30 June 2019, and an unchanged interest rate of 7.15%. The loan is secured by a pledge over the revenue of certain customers, a pledge over attributable gas production volumes equivalent to the monthly installments.

1. So they have to keep supplying to not breach the covenant ?!

2. Not being paid by Eneo (revenue of certain customers) I suspect is a breach of their loan commitments

Have VOG notified BGFI, I suspect they may be in breach so have a legal obligation to do so ?!

It's one thing misleading shareholders - it's a different ball game if they were to keep things quiet in respect of their banking covenants ..??!

Discuss..

"they've not even bothered" - effectively they can't be bothered - they've given up.

There was no point in posting any more nonsense, the game is up..

They’ve not even bothered with the positive spin this time - an absolute car crash..

It was obvious that they weren’t getting paid.

Devoid of revenue and morals, the company has set new levels of incompetence and a lack of duty of care for their shareholders - disgraceful..

I don't spread bet so would be unable short sell shares, please take this as you find it with no agenda other than to try and help.

Without an RNS TODAY this will likely end badly IMO.

There is no real institutional support for this share that is obvious. The short sellers and momentum are fully in control and this will likely culminate in further falls and the press getting properly hold of this at the weekend.

My son is already telling me that there was stuff on Facebook last night telling people to get their money out of metro. If this sort of thing gathers traction then it won't end well.

ask yourself why no rns - is it really because their cooking up an absolute barn storming solution that will sort the company and the share price out in one go. The closed period prevents certain things being said, but I just don't buy it as a reason for a bad RNS and then complete silence.

Is it cat in the headlights ?

Or because they're stuck ?

I hope I'm wrong and that we can all make money when I am - GL - that's me done until the next good or bad RNS.

Agree, sorry guys I reduced the same day as I bought and sold the rest this morning.

I genuinely thought that the board would try and shore this up, they could have done that without lying to buy some time.

The fact that they haven't, combined with them losing tens of millions of their own money and a share price still going down in a rising market (which won't last) is a huge concern.

An RNS is needed, it's that simple.

I genuinely wish the longs luck and I will be back in once the BOD take some ownership.

Due Monday i'm being told..

6 month update due out today if last year is anything to go by, issued at midday last time.

My guess is that it will come out and be pretty poor or will be delayed.

Hey Harry, hats off to you mate - you've done incredibly well and put everyone on here who has bought these to shame.

Have you held off of everything else that one or two of us may have made loads of money on or just this one ?

Maybe apathy and fear and then gloating on the odd board where the share price is at an all time low is the way forward ??!

Maybe - maybe not. Good luck though, you sound like the sort of bloke that deserves it..

Wonderer .. lol

Funny whether deliberate or not..

Blah blah blah 20p blah £20

Blah blah blah 1million million pounds blah bankrupt.

I do this for a living mate, I meet with lots of fund managers - most are just out of nappies loads of letters after their names - no experience and clueless.

They don't play with their own money they play with other peoples, win lose or draw they don't have to look you in the eye and tell you how and why they messed up.

Time will tell - it's a marathon not a sprint...

Thanks for sharing it though

Mark, every day is a learning day for all of us - lots of good things to be found on many of these boards to help us make informed decisions. The key is to work out who is objective and who has various sized axes to grind and if so for what reasons.

No point debating debs suffice to say that mike ashley's chequebook wasn't big enough to fix the problem so the banks had control - big risk. It's now different here as the BOD can still control this if they stop rocking backwards and forwards in their chairs.

Risk in our favour rather than against us now - thats my non troll ey non ramp ey view.

Pearls - the biggest ramper of any share on any board ever seen on Debs, until the penny dropped and then the biggest reversal ever.

He was even more incessant than you illbet - albeit batting for the other team

It might affect the price when the market knows the outcome - maybe 5 or 6 years if the lawyers get their way ?!