Member Info for Pacman121

Avacta have collaborated with a $3.3billion global therapeutics leader to facilitate national-global production. Not heard of the one you mention but currently this demand/requirement is left unchecked and Avacta have had success in similar tests. Also funded and set to have test strips ready in a few weeks.

NCYT. Good run there but it's looking spikey and the MC has shot way to high imo. This will give much better returns from current level and the collaboration between a global leader like Cytivia and AVCT will bring the test to market in quick stead. 10 min test that you can do anywhere is what the WHO need to start mapping patterns for the spread of the virus as well who has had it and can return to work etc. Overall much more scope here at the moment that anywhere else I can find. Volume has been substantial today and interest is building.

Can anyone explain how the exchange offer works. £700m debt to £250m debt over an increased period to deleverage? What happened to the other £450mil and why is the debt so huge. Couldn't make sense of the RNS. Thanks.

Think people have got the wrong end of the stick with that RNS. Wasn't worded particularly well but think it relates to last November, Wincanton have since pulled out of negotiation deals due to a c£160million accounting error identified at Eddie.
Eddie have been doing great for a few weeks but they are c£215m in debt and have a £70mil loan for Dbay serviceable at a fairly unsympathetic 18% which I think = £1.8million in interest per month. I like Eddie a but their upcoming statement (due 27th March?) is unlikely to bounce the SP and people not familiar with their case may take it as excessively negative.

It's clear the entire fleet is fully assigned to task around the clock. Additional and supplementary drivers are being commissioned to cope with the impromptu demand and this is after the 24% yoy increase in revenues. This is a both a growth and recovery story. Revenue and profits will now be well above expectations for 2020 H1.

2700 vehicles
5000 trailers
43 operating centres
c6600 employees
c8.8million sq ft of warehousing

All for a current market cap of £35mil = 1/2 of cash which is piling up daily!

Haulage is in demand and haulage is what Eddie does.

Wasn't Andrew Tinkler selling up because he had no choice and had a big big bill to pay to avoid a worse outcome for himself?

Sell asset. Worth multiples of current SP. That wont keep the directors employed tho so will need a shareholder vote.

Fine would be a tax right off for a suitor. Plus Lloyds would be able to cover Metros MREL requirement with their own MREL cash in theory, so bonds wouldn't be needed anymore, and as per RNS could be moved on without penalty. This is less than pocket change for Lloyds who unlike Metro are not currently rated number 1 in the UK!

Fine would be a tax right off for a suitor. Plus Lloyds would be able to cover Metros MREL requirement with their own MREL cash in theory, so bonds wouldn't be needed anymore, and as per RNS could be moved on without penalty. This is less than pocket change for Lloyds who unlike Metro are not currently rated number 1 in the UK!

So based on that drop way over done. SP has priced in a lot more negativity than that, insolvency, bankruptcy etc, and what do we see MORE GROWTH. Loan book was to be expected. As long as you can read the financial properly you'll get it. This stock was valued a 3 or 4 times this before the bank was even making a profit!

Add some director buys tomorrow and Metro is back.

Shorters will be twitching and trolls will be trolling. Fair value back to £5+

Market seems to like that update. Great timing on the last session before Q3 updates..... That's going to stir some with the shorters.

Is picking up again today.

Motley aren't great to be honest. I wouldn't take what they say with any degree of accuracy. There are banking experts and proper experienced analysts who agree this has come down too far. Plus this article is relatively old given whats been happening last 2 weeks.

*if it was not being shorted sorry

think it's going to be more than fine. Make it simple and just think where this would be if not for the shorts. Cash exceeding market cap, strong growth indicators, asset vale (£1.7b) etc etc. Again just think where this would be if it was being shorted. The SP has tried to break out several times this week and each time the shorts got it. They will close.

Yep. Fair play.

True. But don't forget the £550 million bond subscribers were betting the other way. Bond guys likely to have enticing info from the bank. Shorters basing their attack on fear and events of 9 months ago. Way way over done now.

Lots of auto trades hitting that rise this morning. SP obviously wants to go up as it keeps doing do only to be hit with auto sells, some quite tiny. Heavy selling absorbed by someone today. My money is in shorters closing out before update. Odey shorter is obviously trying to cover his insane loses through Metro on his other plays this year, was it 9 out of 13 failed dramatically?. He's risking a lot of his clients profits here and needs to mitigate accordingly. Still think the week will end up in the positive.

Was the 24th Oct last year and I think the same the year before.

Happy with that. Expect to see steady rise into Q3 results with growth indicators all being positive in July and over summer including 190,000 new accounts which was the biggest growth in the sector and voted the best bank on service. Accounting error found in January (9 months ago now!!!) Will be put to bed from all possible angles and everyone will be happy. So many trying to bulldoze this down when the simple basics and fundaments remain positive. Next 5-10 sessions will speak louder than any posters from here. Cash and assets well in excess of £2billion, new openings, new app.....