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No doubt this article wont help tomorrow. Even the suggestion of a buyer in the FT today did not shore or steady the price.
Fair play ! You win some and loose sum. I am worried as well. The share price pattern is becoming familiar starting of strong then tanking down lower than what it started as.
If you need the "current market conditions" explaining then you shouldnt be anywhere near investing
Maybe you should explain that to Vernon clearly he tested the market conditions at shareholders risk.
Everyone is guessing about the bond situation and who did what. The point is it failed for a number of reasons which has not been explained by the BOD.
Exactly, and that's what they are doing. I bet his wife only bought shares as a smoke screen to install false confidence and to take the heat of the interior design wages which dwarfed her share purchase.
Codey - So are yours including your price predictions. Start by filtering your self.
People keep going on about customer service blah, blah. The mafia give you excellent customer service and then finish you off.
Having your company in order governance wise is the most important thing.
The damage was done yesterday and will be difficult to recover from. The way the bonds were handled shoes a lack of confidence, strategy and also that they are naïve.
Malu1 - I doubt they will. There timing is dreadful when they do. They comment after the damage is done.
I would not rule that out. Burford where on the ball with their comments about shorting. The BOD have not even mentioned it.
Apologies to everyone...………….whom I may have annoyed ! I will leave it there and lets see what tomorrow brings.
Burford did not have a dog running the company ……..
It still wont happen, but my apologies for my poor researching of the facts.
I doubt very much we will see this climb at to even £2.50 in the next 12 months. Looking back there has never been a climb of a high % following a drop of this extent.
Certainly not what it opened at today and not £5.
Fair play to ya and good luck.
Its more them being cornered than a bid.
Metro Bank shares hit record low prompting sale speculationInvestors punish lender after pulling £200m bond offering despite high interest rate?The decision to pull the bond sale on Monday caps a tumultuous year for Metro Bank © Bloomberg September 24, 2019 5:45 pm by Nicholas Megaw , Retail Banking CorrespondentMetro Bank's share price plunged by a third to a record low after a failed attempt to raise £200m, prompting speculation from analysts and rivals that the challenger bank could be forced into a sale.The lender had to pull a bond sale on Monday after a lack of investor interest, despite offering an unusually high interest rate of 7.5 per cent.However, its advisers insisted on Tuesday that it would be able to raise the new debt after it issues its third-quarter results next month. People close to Metro said the bank was still optimistic about meeting a Bank of England deadline of January 1 to raise the new debt.Its shares fell 35 per cent to 177p on Tuesday, bringing their decline since the start of the year to almost 90 per cent."People do these things, pause and then come back again - Bank of Ireland for example pulled an issuance earlier this year - so it's not as though we're in unprecedented territory," said one adviser to the bank."Waiting for more positive Q3 results and coming back in late October or early November is a realistic scenario."We wouldn't be surprised to see Metro cornered into a sale in the relative near-termJohn Cronin, analyst at GoodbodyAnother adviser added that Metrowould benefit from more clarity over Brexit, and an update on its search for a new chairman.The bank has been under pressure since January, when it revealed it had miscategorised large numbers of loans when calculating how much capital it needed to protect against losses.A £375m share issue in May provided enough funds to meet its capital requirements, but it also must issue debt to meet new so-called MREL regulations designed to prevent governments from having to bail out banks in the event of a crisis.The two advisers said Metro had not ruled out asking the BoE for additional time to meet the new rules. One said he was confident the central bank would be willing to grant a reprieve because "they don't want to create distress in a major bank with lots of customers", but they were confident it would not have to.They pointed to the precedent set by the Co-operative Bank, which was given extra time to raise MREL when it was going through a major restructuring.The Bank of England declined to comment.Customers pulled £2bn of deposits out of Metro Bank in the wake of its scandal, but last week's bond prospectus showed it recovered much of that over the summer.However, Jérôme Legras, head of research at Axiom Alternative Investments, which attended last week's investor roadshow, said it would take more than a single quarter of improved performance to win over sceptical investors."I would say the biggest uncertainty right now is the [Financial Conduct Autho
I've read and it has some relief which we may see tomorrow.
I got the same