Member Info for TheRiflemans

Didn't it have it's dead cat bounce yesterday when the smart ones exited. It's a falling knife right now and costly to hold until it completely bottoms out. It must have a determined seller or shorters all over it..

That's todays earlier rise. Reality time setting in now and what the media will throw up over the weekend. They seem to be well briefed.

Back down again I'm afraid. Probably bounce a bit until it finds it's floor. Could be around 35p given it's been around that level twice.

That is a really desperate post MaverickD. Metro have effectively confirmed that there is a large capital raise being considered which will mean massive dilution and at a further discounted price. Why would anyone be sucked in to buy up to 40p when you'd probably be gone at 39p.

It'll be the same shorters that offer up the money in any Rights issue. Probably look to underwrite it as well for another rather large pay cheque. The Metro Bank board should be trying to pinpoint the leak as it is going to cost a lot more shares to be issued than it otherwise ought to have done.

Best to wait and buy after any fundraise and what will be large dilution if what they want to raise is more than the whole value of Metro Bank right now. That leak is a shorters paradise I'm afraid.

Have this one in a neck hold.

Been dropping in the last few days and under $84 a barrel today. Probably best to wait for it to bottom out before buying.

28p for a reload looks possible again but just be wary in case it heads down further.

There will be plenty time to jump off the conveyor belt on the way down...

Retest of 28p tomorrow and if that doesn't hold and it breaches it then where to next?

Maybe all the brokers and Pedro are wrong and the rampers are right. The share price though is siding with the Pedro and the brokers for some strange reason and looks likely to fall a bit further. Just a passing observer.

You either have someone selling or shorters. Neither are pleasant experiences until they have finished and moved on.

It seems you were right MAJ. It does presently have the look of a falling knife which are always dangerous to catch.

You might get in for a lot less. It's a highly competitive retail environment out there and the likes of Shein are not who you want to be competing against right now...

"We look forward to delivering further growth and improvements over the remainder of 2023..."

But Peter Group revenues £3.5 million (H1 2022: £3.9 million) is actually contraction.

Cash ???? Yikes !!! ...

Probably a bit further to fall. Nearing banking covenants is never good news but combine that with XPP

looking at finance options points towards a Rights Issue. Shorters will take advantage of that and squeeze it lower the longer it takes.

Material uncertainty with regards to going concern is not good at all. I'm being kind with those remarks.

It appears to be holding up despite the poor Asos update.

Unfortunately 16's looks destined theoutlaw