Morning Theo, just had a look, won’t to setting my alarm clock for that lol yes shame about VMUK. Also good bounce for CINE but not sure about a business model that doesn’t open for business in the foreseeable and is in mountains of debt. Funnily enough the last film I saw there was Greed. Definitely worth watching and some of the asset stripping reminds me a bit of Cine itself - lots of sale and leaseback, big divys for owners and big debts.
hahaha Theosus, yes my wife seems better than this than me - she's never bought any shares before but she is going to in the next 2-3 weeks and think she will do very well out of it looking at her wishlist!
Agree Theo - sure Nov can speak for himself but I thought the below is a very good example of how he was called out for being very wrong when he sold at £2+ we are now less than half of that SP and while the sector is down, other banks haven’t more than halved in a few weeks. So for everyone demanding apologies, where is the admission that someone was WRONG for this post which seemed to have started it all? We are not turncoats - its called wealth preservation, try it sometime.
matlot Posted in: MTRO Posts: 24,404 Price: 212.00 No Opinion RE: Kraken gone his holidays. 13 Feb 2020 10:41 nove i was here before 265 if you remember i was bearish (getting frequently told off for not agreeing with the bulls :-) at the time) and i said before the mrel was sorted that it would be sorted and that was the time to go bullish after the mrel completed as it was pivotal at that time - then went up to day high 280p ish i seem to remember as cant be bothered to check exact sp now but some other stuff happened that stalled that temporarily and i am not going to go over the history since!! - anyhow if you want to check out wish you all the best elsewhere just a pity as closing in now - but fulfills the saying especially of retail "the stock market is a device for transferring money from the impatient to the patient" but fully understand that fomo must have got the better of you lol - but what a time to go amazing - are you the sort of person that falls into a bucket of roses and comes out smelling of s h 1 t - i dont mean that rudely but your timing here would point to someone very unlucky like falling into roses like that but seriously gl elsewhere and anyone else that goes - i was wondering who some odd looking sells might have been so kind of helps clear that...................... atb
Yes and on who’s watch why were they in that mess in the 1st place, and why agree that 9.5% rate when they could have negotiated for an extension from BoE. VH. And after listening to all the problems, and basic errors on the webcast such as no break clauses on leases, little backend automation, unwieldy personal loan and credit card systems etc. it makes you wonder what VH was actually doing. And people asking him to come back as the hero is laughable. It’s his fault they are in this mess in the first place.
I previously stated that the big players controlling this SP will take it where they want it to go. I’ve never seen a SP as controlled as this and no matter what us retail plebs say or do it makes no difference at all.
People have been saying there is a bid coming for over 7 months now, if so where is it? If it really was that cheap someone would have bid on it by now. Yes due diligence takes a long time but if it was such a bargain things can be expedited.
As for VH, laughing all the way to the bank (no pun intended) after taking £25m+ out through his wifes ‘design fees’ and also his big salary and other benefits. Yes he chucked he few million in shares in but he has done very nicely out of Metro as is. Best has already come and gone for him.
Not blaming anyone matlot, I know perfectly well how to manage my position thank you. My 10% stop loss sell hit at 186 so I could be in a much worse position than many others here, who may not be as savvy, especially after reading your very bullish posts.
Hahaha agree Sir Jim and and thanks for the insight as always Sir Matlot. Agree also good bunch on this board. Speaking of dirty cash, just got back from watching Greed at the cinema - thought it was fairly good despite the rubbish reviews, bit of an eye opener on how Philip Green got that rich!
Thanks matlot, my own view (reading in between the lines) is that Metro want to go it alone as they believe any potential offers floated do not reflect the true value of the business. You do then have to question the relationship between buyers and sellers if that AML article was put out by buyers. Sellers annoyed and buyers determined to drive it down in retaliation for hostile? All speculation of course :)
RE: Some on here cannot accept the position of MTRO today19 Feb 2020 18:04
Agree sw10000, I think he has a good background in turnarounds and selling off businesses - either of which is what we are all after (latter at good price of course:)). I like his risk background as well, which hopefully means he will drive proper governance better than previous management. When you look at his background, not sure why many are disappointed. Looks a very good fit to me.