Metro Bank Share Price (MTRO)

I agree with the general sentiment re specialist lending but its no simple task to transform the balance sheet. The core transaction bank costs a minimum of £400m to run, and as Carlyle found, uneconomic to exit. It takes a lot of niche lending to get say £600m of risk adjusted revenues to deliver a £150-£200m PBT. And as Close has found, you have to make some big, concentrated bets and it only takes one or two of them to blow up and even a well run. well respected business like Close is on the rocks. It could be done, but as is obvious by the record to date- not by this management team, They will, as all low performing banks do, just march up the risk curve writing the business the smart ones don't want and buying the rubbish they want to offload. Unfortunately the best answer is to sell the bank to a well run competitor/specialist. We wont get rich but at 40-50p we get something. Wait too long and Frumkin - the most inept, accident prone CEO in UK banking-will have found something else to trip over and we are back in resolution.

L have said before that Metro need to stop following the banking herd and specialise on specific markets. Perhaps they have finally realised and the tide has turned? I certainly have added a few at recent prices for the longer term.

BC

Best keep out of unsecured loans i say keep to the bread and butter and we will soon have nice savile marmalade . This could be a great earner !!!!!

I remember, being stated as the saviour for Metro when it was acquired, by the ever hopeful shareholders on here , that would grasp at anything.

Once there were hundreds of posts on here daily from those same people thinking that a return to £40 a share was just a matter of time once this that and the other had happened, to now being hardly any. How times change.

https://www.themarketingeye.com/blog/whatever-happened-to-ratesetter/

Further to my previous comments “screw Barclays analysts”

I re-iterate that.

Everyone knew Petrofac was petrof@cked for at least 3-6 months but Barclays analysts have only just cut price target from 80p to 10p.

Woeful analysis, Enough said!