Member Info for Retour_du_Renard

Great comment on the bottom of the DT story.

I think with the resonable Q3 and the blame stream media/shills starting to abate with the negativity, I think we'll start to see some news flow internally and externally this week, that should get the price moving.

I wouldn't take today's pre-09.00 am action as an indicator at all.

Should start moving up from here.

Also, Metro Bank, like all banks are invariably insured against these sorts of situations.

Thanks Snige - I think we'll start to see 'moves' this week.

BIGBangs - The bank could probably easily make the case that there is appetite within shareholder community for a buy out. The rules only kick in during an aggressive takeover and it's to stop hedge funds and other beating the price down to their own ends.

Mark - Would suggest a bid will come in before then purely for the fact I think Metro need it too, regardless, with a clear playing field now, I think the next 2 weeks will be very interesting.

This article from last year pretty much spells it out.

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/48090603

I would have certainly put a question mark after your subject header.

gggg - Invariable after a bid the SP goes and meets the bid price very quickly. I think there will be a number of bid entered into the race, so could become pretty exciting.

Malu_1 - Again, if you were not on the analysts call then your observations are no better than the 'conspiracy' theories you berate.

Has you been then you'd release that the tome was very much about consolidating and improving what they have, being prudent and 'getting the house today' as jimdson indicated.

Try doing a little research and this bank has been on the takeover radar now for over a year. A more than one unit in the city and the street have units looking into a bid.

Not sure the level of the bid but it would have to be significantly higher than current SP and the major stakeholders here are all in 500p+.

Malu_1 - As a lazy shorter , you really should have dialled into the call.

What YOU want is irrelevant, but the situation with MTRO is becoming pretty obvious.

With Santander in the mix too, this could get interesting.

It still amazes me that people here and some pay-per-shill journos are not connecting the dots here as to what is going on in the background.

Vernon Hill announces his departure from MTRO for the end of the year then days later states he is looking at bringing a consortium together to take the back private/buy-out.

https://www.telegraph.co.uk/business/2019/10/04/metro-bank-founder-vernon-hill-seeks-support-take-lender-private/

2 weeks after the article above, Vernon Hill leave the board early and the press paints it as the 'Q3 Walk of Shame' , when anyone with half a brain could see that he left to pursue an aggressive takeover campaign and his presence on the board would have created conflicts of interest, awkward with the FCA currently in house.

Anyone who dialled into the analyst call would have spotted that the no one on the BoD elaborated on any plans beyond 2020 Q1 and the focus was on 'getting the house in order'. They also did not deny that a takeover bid is not on the cards and that they would represent any situation within the shareholders best interests.

Vernon Hill is still a considerable shareholder in this business and we have seen no mass dumping of positional change since Wednesday from either himself or his powerful Wall Street friends.

I would suggest that, all things considered, we will have a very telling/interesting week ahead. Just watch the tone of the newspaper articles suddenly change.

I think we will start to hear background rumblings to be honest and then maybe the odd newspaper article.

Wouldn't be surprised if Vernon Hill starts to elaborate further now that he is formally out of the company.

Also, the is always a chance of Santander and some US funds , that have been mentioned in some circles this week , making a pre-emptive bid next week.

Motley Fool have become a joke these days. Aimed at the amateur investor.

It was never going to do the must talked about £3 move, for the fact that there are so many algo driven short positions that now need to back out of this stock.

The fireworks will start next week both on the SP and announcements. Blah Blah weekend and all that.

I can't believe how impatient people are. We are talking a matter of hours and already we have people twitching like crack addicts.

CALM DOWN.

It will be back into Vernon Hill's hands by the end of the year.

Anyone who took the time to dial into the analyst call on Wednesday would have noticed that the board didn't refer to anything beyond Q1 2020 and did not deny TO considerations.

Speaks volumes about what is about to happen.

The minute the small/mid level shorters see Odey or ENA reduce there will be an exodus of shorters here. (reference point June 2019).

A lot of weasles riding on coattails.

Unfortunately, the +0.5% guys are starting to close and all the smart one's below are too.

The short / mid-term shorting case on the stock has been blown out of the water and now with the strong likely hood of a succession of positive TR-1s and a BUY-OUT/BIDDING WAR in the short term, there is a very real risk of the average shorter losing their shirt in spectacular fashion.

Keep talking about this sort of thing til we're blue in the face, unfortunately this will be a political/bung driven decision.