Member Info for zccax77

See page 10:

https://www.metrobankonline.co.uk/globalassets/documents/investor_documents/metro-bank-prospectus-may-20192.pdf

That placement cost them £13m not £4m

When they close there will be fireworks. Mind you not a lot of shares held by PI’s. I imagine they are waiting for the H1 results which will be abysmal due to the problems they have had. I plan to sell then and buy back in the following day. Alternatively if the hit 1385 I will sell. Unbelievable what the market has done to a decent outfit all over a small mistake.

Capitulating

Erratic, maybe he has a chip on his shoulder that some of the people backing mtro have more than 10 times the money he has

No Vernon no growth, the market knows this. He is the only person who can crash the sp by 90% and still recapitalize the business three times over within 3 hours

Seer, all the new shares have a 6 month tie in. They are also held by Hill's mates and Fidelity. I very much doubt they will be flooding the market beyond the tie-in.

Of course they will be trading. But they will have new equity owners via D4E.

Better the devil you know, plus not many chairman’s out there who could recapitalise a company three times over within three hours.

MTRO will be fine, don’t think you can put them in the same boat as FLYB, DEBS, TCG et al.

Be lucky they only lied, in some countries the BoD would steal the entire company.

Seer not sure you know what you are talking about. MTRO credit losses are significantly lower than RBS/Lloyds etc. This is nothing to do with credit losses.

The FCA/PRA have already fined them, the fine was the £375m capital raise. The PRA very rarely release an RNS, they did for MTRO post capital raise, which indicates no further action will be taken.

The market has already priced the grim results into the price.

Depends if you think holding a challenger bank at a 40% discount to book value is a good hold or not.

Getting rid of Hill is a bad idea. He is the main contact point for the US HNW ii’s. He talks their language and only he can get further cash out of them when the time comes for further expansion.

I have a question for you, the current value of the airline on TCG balance sheet is 1.5bn including the goodwill. Do you think they will get that when Brent is at $70+

Do you people ever look at the financials of these entities you are investing in? TCG has negative net asset value of -$1.3bn, as well as intangibles of $2bn thus a net tangible asset value of -$3.5bn. Mental numbers.

TCG has pension liabilities of 500m, I hope it survives, last thing the taxpayers need is to bail out the pensioners. Just wish the government could step in and take away the airline, sell and pay the pension liabilities, alas things do not work like that.

Their average punter is now aware, expect bookings to fall off a cliff:

https://www.dailymail.co.uk/money/markets/article-7042285/Thomas-Cook-shares-tumble-40pc-City-analysts-brand-worthless.html#comments

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https://www.ft.com/content/ac977050-77d9-11e9-bbad-7c18c0ea0201

A senior executive at another bank suggested one route for the company to “regroup” away from the public eye would be to take Metro private. “I know the idea is being hawked fairly liberally by investment banks,” this person said.

Another person who has previously worked with Metro said he had been approached by a US private equity firm about working on a takeover bid last month, but the group has so far made no approach and it is unclear if it abandoned its plans.

Read the FT article, trade buyers are now actually thinking about bidding for this. Not many challenger banks which trade for 60% of book value.

Look at TCG balance sheet. Completely fooked with high debt and non existent intangibles. Do any of you actually look at what you are buying? This time next year MTRO will still be here but TCG will be bust