Member Info for zccax77

I do not think you understand the shareholder dynamics at play. John Whittaker owns 30% of the shares and he won’t sell on the cheap and neither will some of the other dominant shareholders, 90% of whom are big players. Secondly whoever buys this will have to buy the debt that is another £5bn which will have to be mostly equity financed due to a lack of debt financing for shopping centres.

The bid did not materialize after bidder went through their books

Intu will be still holding out for book value. Best to wait for the insolvency

hmso results were pretty shocking.

So who managed to bag the bargain shares first thing this morning?

Have a look at hmso H1. Interesting read re another 10% fall in values for flagships and 15% for retail parks in the last 6 months

Be positive guys atleast the 600m is likely to stay in the uk per the market instead of being siphoned off to one of the highly taxed nations on earth. I doubt Belgium would notice 600m anyway.

This was 280p before the shenanigans. Why would it drop 50% from 230p. Again being too negative.

How the heck did Grant Thornton let them get away with not putting a provision for the 600m in their numbers. I can understand why the Big 4 barge pole SPD, not worth the hassle, they will be glad they did.

How did this ever get to 900p in 2015? will seem like a pipe dream at 8:30am tomorrow.

I think you are all being too negative. How the heck can the Belgians take 50% Mcap of a company just for transfering goods through their country.

@Eggonaroll. What is your average here? I do not have a position here.

I predict a price of 1.50 monday. how did they ever get to 900p once?

Great came out of this in the morning. Hope it goes to 550p so I can buy back in!

Hill was very selective in terms of which II’s got the placement shares, ensuring the clowns who rent out their shares did not get any. Which is why the shorts have not materially increased, otherwise the sp would have been destroyed yesterday

Listening to Cruddas on an earnings call does not fill me with confidence re CMC, guy sounds like he is stuck in the 90's. I think Plus will destroy them. Short CMC, long Plus.

Hellyeah, you forget that this bank is majority owned by a bunch of billionaires who will bail it out if need be. You do understand that Metro's model is based on the US banking model? look at what Chase bank are doing in the US and how they are expanding their branches and how similar Metro's model of growth is. The difference between this and the likes of RBS etc is that this does not have any legacy issues and poised to grow for scale, growing in areas of prime footfall compared to the scatter gun approach of the legacy big banks.

The 375m forced capital raise was the fine;-)

Amazon retail margins are 1%, without AWS it's shareprice would not be where it is.

Slide 19:

https://www.metrobankonline.co.uk/globalassets/documents/investor_documents/metro-bank-may-2019-investor-presentation.pdf