Member Info for WaspsFan

ANy idea what is behind the drop this morning?

One hell of an earnings upgrade this morning..yum yum too...

Maybe being an ESG company is why the share price has tanked in recent times. Results are overdue and changing auditor rather suddenly all seems rather odd. Price still below the flotation price from a couple of years ago. So does Matthew Hudson really know what he is doing?

I stand corrected - trading statement is due about 10th December.

It certainly is a dog of a share. Trading update this month I believe. The only attraction is the serious skin in the game that the directors have - putting large amounts of their own money in the recent placing at 20p.

My twentysomething kids give me regular updates on the these bars. They are a ''multiple'' busier than pre-pandemic levels. ''Bursting at the seams''. ''Especially on a Friday and Saturday night''. Their view is that it would be impossible for the forthcoming trading statement to be anything other than bullish. If it is then it is down to management incompetence (and management here have been iffy over the years!). If it is bad, then in the opinion of my children Asgard should be put in charge as he even he would do a better job. Who is Asgard I hear you ask. Answer: Our pet dog.

Superb discount to NAV - around 40%. As bluechip Asset Managers go this is as good as it gets. Great dividend too! Buy and hold.

Roll On tomorrow!! Great recovery in recent times!!

Chaiselongue do you have a link for that Bloomberg interview please?

HSBC CEO said today that Dividends will be resumed. Hence the divergence - hopefully STAN will catch up.

Has anyone seen if it was tipped or not in SCSW?

One has to ask why Macron said a 48 hour port closure. In the context of the pandemic it is meaningless. No, this action has no relevance to the pandemic whatsoever and everything to do with Brexit. His action means a Brexit outcome is close and Macron is just turning the screw to get a little more out of the UK in the final stage of bargaining as well as sending a message to the French fishing community he is a tough President (even if IMO he is a pathetic wimp!). Then hey presto within 48 hours a deal Macron looks a hero and Boris appears like he threw in the towel almost regardless of the content of the deal. So what one asks? Well if you believe this storyline then now more than ever it is time to hold one's nerve and by Christmas Eve all our portfolio's should be in a very healthy position. As for Metro specifically, at the very least, Friday's RNS will have done the company's no harm at all and materially helped the Financial figures and balance sheet for 2020 close. The new Board have seriously de-risked this challenger Bank. Fill your boots while you can at the current price. All views my own.

Miss68 this is as good an investment as you could wish to make IMO. I have worked with many of the board members at various parts of my career, and they are very successful, experienced and driven people. Importantly they have a blend of IBM and HP heritage which helps them position their capability for future value and move the business model to cloud, security and other strategic imperatives in the IT industry. Replacing the rather cavalier Loosemore with the more structured and credible Lock last spring was a good move although probably forced on the company by institutions. And this move along with other Board changes in the last 12 months suggests to me the company is trying to build more backbone and as part of that reducing the debt and setting correct expectations with the City was top of the agenda. The company is now starting as a result to return into favour. Changing market sentiment in general and the Amazon press release has obviously given additional impetus to the share price.

Thanks Craig, I am thinking the same way, there is no apparent reason other than the fact that the company has decided to halve its dividend so it may have been punished for that. But on the face of it given the price of most asset management companies has largely caught up with NAV in the last couple of weeks, the story of Investec which isn't even at 50% of NAV seems almost too good to be true ! (I hope it isn't!). Thanks again for your thoughts.

Investec seems to be operating at a discount of over 50% to net asset value. Whilst most investment trusts have recovered to their NAV position - give or take - this hasn't happened here. Anyone able to offer a reason for that? Any insights gratefully received. Thanks.

I am happy to hold until the day before deferred results and then make a decision. I am concerned results have been delayed. Good reason is given - but good reasons are always given. It makes me a little nervous.

I just checked the November Trading Update for the last three years and they were all made on a Thursday so therefore one assumes that Thursday would be favourite this week!

Contrarian I agree, slighting disconcerting, expected it this morning but didn't arrive. So you would have thought it has to be tomorrow. If not I would be a little concerned. I was wondering if they were delaying the trading announcement to try and coincide with completion of the sale of the Canadian asset. We will see.

Goldman has long been reported as having an interest in having a foothold on the UK Retail Banking scene. Metro would fast-track them to that goal. They will have an agenda. Let's see how it unfolds.

50K is cheap for a consultant. Remember this company competes with the likes of Accenture and Deloitte - you won't get a half decent consultant at these companies for under £100K