Member Info for NOVECKINGOOD

agree, but if we sit on our hands the price will drop further - why should we subsidise their exit if they're stupid enough to sell no matter what the prospects

Persi must be their advisor..

after the positive RNS didn't move the price - as we know it's being held down by an incessant seller who is pretty much selling in to every few buys.

new tactic of not buying, let the Darwin Award candidate keep selling and i'll pick some more up at a lower price just before some more good news. If they needed the money that much they should take out a payday loan - ******s..

guile - I told him it had reached the bottom yesterday and he's bottled it (probably not) - the writing is on the wall for shorts at these levels though. A rights issue was their only play now - no upside built in at all and a brexit spike may be only days away - so maybe it was finally time to fa cough..

back in, it's still punt but the odds are back in favour of the longs again

called the bottom at 60 - maybe

looks like some bargain hunters out today buying oversold cyclicals - assume they're expecting a Brexit deal soon

could be a good move, I thought Mtro may have bottomed at 60 let's see how it pans out over the next few days..

and old people with dogs and tiara's

60p could be the bottom though, supported again. If it holds 60 on the next big down day it's got to be worth a punt.

thanks for posting, mainly good and positive - I will continue to add especially on any weakness as I have been doing.

only one negative, why wasn't Sachin sent the memo about the black and white check ?

still a big seller offloading, if they announced that BP were buying them for 2p a share this numpty would still be offloading around .6

i'll add more when they're done

change platforms, there are plenty of shares about - 100k at 62p 10k at ask

no it isn't, Ive just been offered a price on quite a few

big day, 60 has held well, if it holds again and if the sector is down it would be the first bullish sign for a while..

:o)

Covering himself in fake tan every day won’t help either...

and a breath of fresh air, let’s hope he gets through it...

jim, you've hit the nail on the head, but that is the one of the main problems and not part of the solution

you cant just ask for a 25 year lease with upward only rent reviews to be renegotiated because you made a mistake - well in theory I suppose you can but it would be a short meeting...

to get a landlord to take a haircut you need to be in a position of strength, a solvent business isn't generally able to do this unless they can prove it's unreasonable. What they could have done is made each branch a separate company and then made the ones that they don't want insolvent - or at least threatened to do that if the landlords don't play ball. That would require joined up thinking which hasn't so far been evident hence 60p. And 100million value after spaffing several hundred million to create it.

not great at making widgets...

big, I don’t have an axe to grind here. I’m disappointed that I’ve lost money as I’ve been suckered in a couple of times when my instincts told me to avoid. I’d like to finally make a profit but I just can’t see a reason to buy - the markets know something (bond and equity)

So the facts - at the risk of being patronising this is how I see things, so let’s look at it as if Metro was a company that makes widgets. They had an idea to make some different widgets and in some ways widgets that used to be very popular in days gone by. The idea gained some traction and the markets thought that they had possibly spotted a massive gap in the widget market. The share price rocketed and they were able to build lots of big shiny factories in the hope of selling lots of widgets for a very long time (which they don’t own) A combination of massively over stretching, bad luck and crucially telling everyone that their widgets were better than they actually were caused confidence to evaporate and questions to be asked as to whether the idea had wings after all.
A downward spiral which in the widget world meant that it became very difficult to keep credibility and borrow money at reasonable rates - which just continues to compound their problems to this day.

Their last capital raise of £500m was seen as a way of helping to put a floor under them probably spending a lot more than they were earning. It hasn’t worked. Recent results and some really bad luck has meant that the value of the whole company is around a fifth of the money raised and means that it would be very difficult to convince anyone in their right minds to give them or lend them some more.

A bit Janet and John for which I apologise, but what am I missing ? Please don’t say a good IT system or offering a great public service.

most companies that pay their bills are breaking even or making a profit... unless they're expanding/acquiring etc..?!

If they spent c£200m on new shiny buildings and fitting out then you could attribute the loss to expansion etc.

they didn't, nothing like, they put expansion on hold before Covid - why ?

what are the bonds trading at ? are they investment grade, what is the risk that they won't be repaid, are they more junk than when they were effected ?

lets debate facts not matlotism's and hearsay, I'm still owed money on these too, I'd be delighted to be convinced to buy back before they next spike - I don't see it - I think it's structural so do the markets..

me buckler ?

what have I missed ?

what pays the bills, what turns it around ?

glad you see the humour in it now aesop, too thick skinned to do the honourable thing obviously...

games, can't tell you too much, read between the lines, wouldn't want to be oooooot no oops sorry listen to a word I say because I'm a complete lying charlatan YES SIIIIRRREEEEEE

The writing has been on the wall for over a year, there was a chance that it could be turned around or that one of the other players would swallow them up. Covid was the obvious death knell IMO and the reason that odey didn't need to reduce his position. Most bulls are significantly under water and have lost the appetite to top up, most buyers are day traders/rampers who are just having a punt, the institutions and the deep pockets know the score so the rest is likely to be just noise. Metro aren't paying their bills and the bonds reflect the state of play. Unless something happens soon this could hit the press and spiral. The two spikes were purely rumour based - merlot man (mischief) and the rate setter deal a complete clutching at straws/cr@p idea at this stage of the game. I've been shot down time and time again but have been consistent for ages, I don't see a reason to even trade these now as I don't see a happy ending - good luck if you're holding and I'm wrong though..

Thanks jh, I only trade on HL and probably place 5-10 trades a day on average. Shares and ETF's probably split 50/50.

I don't completely rely on their live prices for shares as I agree it's not always as accurate as it needs to be. I pay £20 per month ish for L2 on ADVFN and use the two platforms to try and get the right pricing. Amers IG plan is good if you want to do mainly shares. I like funds and ETF's especially for going short and I'm rubbish at spread betting so IG no good for shorting (for me personally)

No right answer, just working out what works best for each individual..

I used to use Nat West when pontious was a pilot, similar problems. Restrictions on too many things and not enough ETF/Fund opportunities. Those platforms are for the dabbling types not the regular/serious traders in my experience. Try it you might like it, a lot more options to hedge...

crikey pander are you Noah ? :o)

Try something like Hargreaves or similar, I don't think I pay for their platform. Great for individuals but not for advisors.