Member Info for zccax77

Soon he will own the entirety of the shares. What does he know?

At these price levels the only way is up. You have to remember that this sp has lost 1.3bn of market cap all of the sake of needing an additional 350mn of capital. The FCA/PRA is a non-issue and will disappear in 6-12m time. It is profitable and growing, what else do you need to know. I personally never invest in loss making companies.

I agree with you, based on the previous RI's I think this one will again be at current SP. The shorters and pi will not be partaking in the RI. Donaldson should have taken his bonus and brought shares with it.

Look at the background of this NED who has just brought, surprised they have not sacked her after what has happened!

WTF, she should be remortgaging her house and buying them shares, bargain at this price!

FCA will do jack all. They are useless. Their fine will probably be immaterial. The government and the FCA/PRA need Metro and awarded them £120m recently, they will cut them some slack. There are far worse problems in the industry they are worried about than a lousy £250m hole due to a RWA miss-class.

The KIER rights issue was a joke, since that whole industry is in disarray due to low margins and massive debts and reliance on government contracts, no one would invest plus December was a bad time in the markets where everyone was scared. MTRO is a growing bank which is highly regarded and profitable, I do not think the discount would be too steep, if at all a discount is needed.

Have a look at Cronin's other articles, that £7.29 has been a moving target. If the sp was 10p, they would come up with a target of 7p. I would ignore them, they are a third rate outfit.

How many shares do you know of which move 7% up or down within a blink of an eye. Disgusting management to boot.

I am not sure if these shares will be offered to the open market, they will likely be offered to Vernon and his mates and likely other ii's. Look at the last placement in July, they were done at the current sp.
https://www.thisismoney.co.uk/money/markets/article-5992293/MARKET-REPORT-Metro-Bank-slides-taps-shareholders-303m.html

I think the rights issue needs to be cancelled and assets sold to bring down the RWA. Moronic doing a RI at these prices. Significantly undervalues the business.

Don't expect any bright ideas from that lot, no point doing the RI at these prices.

Who do I have to talk to buy at that bargain price? This is like buying £20 notes for £10.

AML seems to be the dog of the day.

There are a lot of final results today which is why there is less interest in Metro. The shorters are busy shorting AML, BAT, EZJ etc. Shorters have a short attention span and limited capital.

Mine is a 90% CFD, rest paper. I only physically buy shares if I plan to keep for a minimum of 1 year.

I was £120k underwater this morning on a £390k notional position. This will recover, fundamentals are good.

Giro, look at historical chart movements, this thing is one of the most volatile sp I have seen. Moves like a junior miner.

I will contact that mofo and ask him who I need to talk to buy in at 729, will go balls deep!

I think all the BOD are heavily vested in shares. No doubt there are frantic calls with investors etc to come to a conclusion on the RI pretty protish. This type of fall will be pushing them to act.

Remember Metro still has Paid in capital/ equity of £1.4bn on its BS , do you honestly think the market would value that equity at £0.55bn when the business is still strong and performing well? Not sure the market is that dellusional.