Member Info for zccax77

Who cares what they say, we need to make sure that their carp performance is not going unnoticed.

1970 after looking at that chart why did you buy? That chart looks like it is going to 0p, no?

IR@?metrobank.plc.uk

I think we all need to contact their investor relations department and ask them why their SP has lost more than 90% of value over the last 12 months.

What happened in the year 1970?

Challenger banks should not be trading for less than 25% of BV. If only Hill would contemplate a sale of the bank, it would easily sell for more than book value. The shorters know this hence they attack it.

https://www.ft.com/content/f7c1e694-d079-343f-ad68-afb58b2e99b3

The board of Aldermore has recommended a takeover offer from South African financial services group FirstRand that values the UK challenger bank at £1.1bn. The cash offer is at the 313p a share level first disclosed last month after share price moves prompted a statement confirming the talks. On Monday, FirstRand said the offer was at a 22 per cent premium to the closing price on October 12, the last day before FirstRand and Aldermore disclosed the negotiations, and a 38 per cent premium to the three month volume-weighted average price to October 12. They closed at 302.4p a share on Friday. The offer also implies a multiple of 1.8 times Aldermore’s reported net tangible book value of £607.1m as of September 30, FirstRand said.

Don’t think the shorters can get this to zero, only external credit events.

Plus there is another 37 days to find the bottom. But I am sure you have done your fundamental analysis :-)

Codey, this is not just any old entity. This is a bank it’s entire business model hinges on trust and it’s solvency. If the first disappears the second goes to zero. You need to think about all possibilities and eventualities, and so do the BOD.

The Bod have their heads in the sand. I think we should all email investor relations and warn them of the consequences.

Codey you seem to have a short memory. Was not long ago there was a mini-bank run at a far higher price.

Just thinking outside the box.

What are the chances of another bank run in the next few weeks? If you had over £85k would you keep it in one of metros accounts?

Someone needs to contact Hill and ask him to take action. How does he sleep at night when 160mn of his wealth is tied up in this sheet show.

They are probably out playing golf or Vernon’s probably giving speeches about how great a legend he is.

Personally think Aviva is a great investment case for patient investors.

AllAtSea, I am not sure it works like that anymore. There are too many rules which stop the cash being invested willy nilly. They now have to be invested in pretty low risk investments. Mr Buffett would not buy insurance companies post 2008, they are now a bad investment. Only good investments in the space are mainly run-off companies.

Harhoo, even if I did invest, this is not an investment you can sleep easy at night with, never underestimate the power of the regulator to completely ruin your business and sp. The FCA can be very erratic, from laissez-faire to asking you to stop all regulated activity and appoint an administrator. Plus don't see the point of these guarantor loans at such high interest rates, when I can get a loan for 3% why would I make my financially distressed friend get a loan at 49.99%?

When looking at investments and returns best to look at risk adjusted cashflows. I personally would discount all future cashflows from AMGO at the same 49.9% rate they apply to their loans. On that basis the backwards looking PE of 5 looks expensive.

On Thursday I was in two minds about buying the dip since it did look cheap on some metrics. However upon further inspection I am never going to warm to any company that charges 49.9% APR on loans of £500 to £10k with terms of one to five years. Add in the socially destructive collateral system and no thanks. Anyone who calls this a growth industry is plain crazy. IMO a terrible concept, a terrible business and a terrible investment from IPO = trifecta of cr*p. Expect Mr. Paton to get more dear CEO letters from the FCA soon. These are my views only, GL to dip buyers and their ~10-13% return.

TCG is fcuked, this no. Don't let the shorters ruin your weekend or sleep.

Am getting a little frustrated with the city's sentiment towards ASC, this time last year it was 6000p+

https://www.ft.com/content/94b6d062-c580-11e9-a8e9-296ca66511c9