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I've had some skin in this game for 3 years or so.
People are forgetting that price won't be based on the £10k they bought at £1 or less and dreaming on a ten bagger. Nope.
IPO was for £22, went to £40 and was making a profit. There was a rights issues at £22 and a further one 3 years ago for £5 (which was over subscribed)
Metro has a book value of £6. (Note that Sainsburys was sold at half book value and it wasn't being investigated by FCA, as we currently are). Therefore, we are looking certainly at less than £3, not factoring FCA. On this basis, we are looking at£2.50 and £3 MAX.
Metro is loss making and will be until 2024 (See Financial Report 2019/20)
Jaime Gilinski Bacal bought in 2 years ago (twice). His average is £1.20 and only has 3% to 4%. He will have little influence as will Vernon 5%. It's the 3 biggest investors who will swing it. So the question is .... what is their price? Are they willing to eait until 2024 before profits. How much further will the book value reduce until profits come. Also will they cash in, take their loss and invest elsewhere?
My average is £5 and I have over 100,000 shares, so please don't call me a deramper.
Look at the facts, anything over £3 is total ******s, More chance Boris marrying Farage with Elvis Presley giving him away dressed as a tranny.
£2 and £2.50 and no more. No
Pat, I would agree. They are continuing with opening branches and with their modernisation strategy with all the costs front loaded.
Do we know how much they put aside for Covid 19? I ask as Barclays are looking to pull that back in.