Member Info for TheRiflemans

You're crazy buying anything with Israeli tanks massed on the border and a ground offensive imminent.

The shorts will be eyeing Petrofac going under 50p on an Israeli ground offensive and the wider contagion that could then emerge.

Far better to wait to see what the reaction will be to an Israely ground offensive. It's still a pressure cooker after several pulling out of Bidens diplomacy talks yesterday.

Wrong call. It falls just as quick as it rises.

Too premature with the Israel situation and that pressure cooker of a Middle East sat on a knife edge. Better to have gone long on Oil and Defence stocks and short on oil services. Just saying..........

It goes under £5 the I might buy......

Is what the placing price is with massive dilution to follow.

In most cases they reach the placing price and it's doing a good job of getting there with step fall after step fall.

Should have waited until under 500

Might look to reload though if it dips under 28p

Reality is setting in. Massive dilution coming and back to 30p

Excellent news.

Forwards we got yo all that new equity being printed.

It has to come into play at some point with regards to the share price you would think. All that dilution...

Is what's causing the retrace. Sub $80 per barrel oil shouldn't be too far away.

The thought is that there might be a placing coming and it's being forward sold.

You might be right on the forward selling.

Convertible loan might explain the decline and ready supply of shares for those wishing to buy.

Ouch !! At this rate there shouldn't be too many left holding by the end of the week.

Rebuy low 28's

'Consequently, a holder of the shares will experience material dilution with respect to its relative ownership of the company..'

That's what it's saying on the Metro Bank website. Tomorrow won't be a day for screen watching.

Will work it's way down to the placing price of 30p you would think. That's what happens with nearly all of them. Sometimes under it.

It's good news that the bank won't go under and all those jobs have been saved but it's a costly lesson for some. Divide the present share price by all that new equity. About 6p to 8p surely. Has anybody got a more precise number?

Bondholders always higher in the pecking order and it looks like another day for the shorts tomorrow....