RE: Paul Scott from Stockopedia report pg109 Jan 2020 21:42
IMO its not so much the current miss which saw the mark down in the SP today, more the outlook statement for which rate of decline continues could mean EPS of 13p ish in FY 22 which puts this on forward PE of 8 at £1 a share. Probably about right but hopefully a new CEO is appointed to stop the decline.
Speak for yourself I’m not stuck with it and not down at 2.05 on an SP basis. altho when you factor in the opportunity cost of being here, then yes ok you could argue it’s a below average performer, but too stubborn to walk away now lol
agree SurreyLad that there should be some winners here, don't really know enough about it myself which is another reason i'm steering clear lol. XRP seems to come up a lot as my mates were on about it so I had a quick skim but nothing more. best of luck, hope it 100 bags :)
XRP is not mineable and therefore not linked to a computational finite amount that can be bought into circulation. far enough you may make 100x but it may be worth 0 if management decide to place billions more onto the market in the flick of a switch. only 2 cryptos that are minable (therfore finite supply which provides some sort of price support) are ethereum and bitcoin so would perhaps consider these but crypto currency not really my bag. each to their own i guess and depends on risk appetite, portfolio weighting etc.
morning all. FWIW my personal target is 350-420. nothing to say it couldn't go further north of this on execution of decent recovery plan but I like to keep my SP target models realistic and weighted to the downside so as to not disappoint. gla
RE: as i said Sir dudes and dudesses07 Jan 2020 10:25
Agreed matlot. I have a view that if certain parties may have a wait and see approach on US/ Iran, that this may leave the door ajar for other parties to potentially try and sneak in bearing in mind the low SP. I know I certainly would if I was interested and had the cash :)
He may be right to do so, seems like a lottery at the mo until we get some solid news. £2.80 couldn’t hold above £2 so based on previous moves, selling at £2+ does have some logic in it. In my mind once it clears £3 then barring any disasters that should be the end of sub £2.
Yeh they will be a winner long term IMO and good to hold in a recession.
Caveat: FCA slightly up their a** at the mo ref unsecured cash loans side of the business by not going to have a big impact. I must be mad (or smart?!) holding 2 shares with ongoing FCA investigations lol
Metro to continue in its current form, will need an injection of capital to continue growing at it’s current rate and to refinance MREL hence why a potential buyer can negotiate a price lower than book value. Without a backer, going to market via bond or placing yet again would destroy shareholder value after all the recent raises / issues hence another negotiating point for a buyer to convince Metro to accept a sub book value bid. Other options like JV and asset strip may actually be better for shareholders. Also VH and Craig not there so less people to defend bid. I’m a holder here but IMO everyone saying this could be bought for £6+ need a reality check.