Member Info for Thunder2040

Just moves alarmingly fast this SP!

Q 6 is key to understanding the Dir buys to be honest as I pointed out. If you get a £10m bonus and lump £7m back in to shares, are you really that committed. Its not to say they are not genuine committed buys but MW has a point on the total lack of Director's Rem disclosure - that is in any set of Companies Act/IFRS account for English company.

Lets just say certain posters left a bad taste, only fair to point out a few things now I suppose.

Looks like more Director buys - great way to prop up the share price, after all we don't even know how much of it is just last year's bonus money anyway! Wonder when those buys will stop and this will start to come back down - awful lot of cowboys riding one tired horse.

*Wrong board

Looks like more Director buys - great way to prop up the share price, after all we don't even know how much of it is just last year's bonus money anyway! Wonder when those buys will stop and this will start to come back down - awful lot of cowboys riding one tired horse.

Ok Ray. Bur vs Metro - lets see who wins by Xmas. Money talks.

gggg21 the sell off in Argentina index yesterday was the 2nd worst sell off of any exchange since 1950 - so clearly market doesn't rate the result and default is looking real risk. I read that access to IMF funding for a new gov is dependent on paying your dues, of which Peterson could be one if it got ruled as such- but it could drag it out a long time IMO. You can't pay what you don't have. Anyway, its not a massive issue, was just stating why I was out. Disgusted by the etiquette of some on here.

I think the Argentina - Peterson point was worthy of being pointed out. Might not bother next time g's

I never said it would? Wind your neck in zccax77 you inferred that yourself. At least agreed it undervalued, but don't jump down my throat next time.

Similarly calling out when you are still long like a scared chicken- grow up.

Are you disagreeing that Metro is trading below book? I am looking at you with that comment in mind zccax77.

I read an article on the loan sale published in July whilst researching the latest on Metro (concerning the sale back to CCM), I had not realised it had completed? £1.8m loss seems negligible on a loanbook that size - as to raise £500m you pay more than that in fees haha!

At 9p certainly, £9 unlikely. I took my modest profit and moved on..sometimes you have to just realise the gains, BUR know this ;) I will be watching though, probably with envy haha

Granted market cap will factor in liabilities as well - but if you carved this up you would make money vs current SP surely!? I think this has been shorted beyond the realms of rationality now so expected a bounce pre or post brexit.

Sold out this morning here and moved into Metro Bank. Both SPs look like steals at current prices, but I felt on the whole Metro was a safer option for 30% rise. Ironically the thing that swung it for me was actually the Argentina issue. I really don't like what I saw in the news on that yesterday - how it impacts the potential Peterson case recovery - who knows. GL those continuing to hold, I am sure this will come good!

How can Metro rumoured to be selling £500m of loans, yet the market cap only be circa £500m - or are they selling that at a severe discount? This drop seems to have taken the SP price well below book value - am I missing something here?

Anyone care to suggest why this has not recovered to pre Woodford sale prices?

It was priced to go bust - has the view now changed? Could double from here and still be cheap IMO

The aspect of what you said that I do agree with is that large institutional buys move prices. You have to look at the fundamentals of the business here to understand where the price will go medium term, forget where it has been, to some extent that is now irrelevant. The P/E and PEG are key attractions for me, as is the beta. There is a lot of macro risk in the market and this should be fairly insulated from that making it appealing- although as mentioned earlier, the fact that the largest case is concerned with a country that could default on its debt imminently and usher in a populist government does add to the risk I feel. I don't think the price will go past £6 to the downside again in the short term. If it bounces of £7.50 tomorrow then I see that as a double bottom and expect it to consolidate around £8 as profit takers are replaced with fresh holders. DYOR and GL