London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
zccax - He is a big fan of Mtr, feels its all down to sentiment, big assets, book value vs mkt cap. Last week he said he can see this being £5 by April 21, id no big 2nd wave.
His background in that he is an entrepreneur, a number of properties commercial and residential and a building firm in Spain. But no inside info or anything.
Pat 2014 - Who rattled you cage, racist piggy?
And here we were a couple of weeks ago shouting your “faux outrage” at me calling me a racist ... I’m sure if you read through my post there was nothing racist in any of them ... Just a difference of opinion to you however it would appear that your opinion was right ( in your mind ) and here we go again someone has appeared to challenge you again and you are calling him a preek etc ...
Investor6 calm yourself down ... Take a walk in the fresh air and then take the knee in front of one your idols ... No need to be abusive towards others if they have a different opinion to you
Investor6 what was the motivation for your mate buying so many shares?
Hi, most if not all the cash in put to Metro, averaging down came from my profits from Bo Hoo in bought in Nov 2015 and sold last year. So, my other investments are in Shell, Lloyds and Barclays.
I have a close friend who has more shares than Dan, he doesn't come here. I'm fully invested here for the longterm.
If CY23 wants to know more, I'm happy to take a picture of my preek which he can show to his wife, as like my investments, they are fecking huge. I am sure she also has a FOMO too. lol
The main point I gathered was that you owned a problem £7 av and are dealing with it by averaging down. Recognised sound financial move, if you believe in the stock.
Why it is being brought up now is a bit of a mystery.
Maybe he/ she intends to do the same with their £8.30 buy of BUR end of last yr.. who knows..
To me it also reinforces the benefit of setting a stop loss but FOMO has been a strong influencer with this stock.
CY23, why drag up my profile?? weird!! What's your point?
I think that's a fair comment. Its an outdated model run by well.....
Its aim is to be a community bank. That's how it sees itself and as such will tick along. Once the MREL coupon is reduced maybe even with a profit !!
The recent appointments point to more of the same.
This isn't a surprise to anyone.
Its investors however seek more ambition and value for their faith and this will only come by being swept up taken apart and rebuilt with the future in mind. Until that day arrives we plod on and hope nothing too detrimental happens.
Looking at the recent purchases by company senior management and how the SPs have performed since Dans buy.
I can say that Dan is now the third biggest loser. ( down £4009)
ENOG have the top spot followed by FGP
Biggest gainer since Dan buy is TSL CEO ( up £42K ) £349K purchase and CRST CEO (17K) 181k purchase
Figures rounded up or down. sources director share deals.
This comment sums up Metro's problems, but no doubt management are still opening new branches:
"The problem is that Metro’s model, that is a focus on customer service, is one which only works when the market you operate in has nice juicy net interest margins (NIMs), giving sufficient space for the inherently costly nature of providing such a service.
Once upon a time, with base rates at 5% and NIMs at 300bp+ for secured mortgages, this was possible. Say in the 1990s and early 2000s.
Now of course, plenty people will quibble and say that even then banks offered poor service. But let’s leave that to one side for a moment. In the here and now the point is that for a decade since 2009 NIMs in the UK banking market have been decimated (there are lots of reasons, but exceptionally low base rates is the prime one). Quite simply this leaves absolutely no space for the kind of model which Metro attempted. It is impossible to make it truly profitable at any scale and the only way they managed to make it look like it could work is a combination of pushing certain liabilities (those expensive leases) off balance sheet (until IFRS16 came along and put them on balance sheet) and selling a growth story good enough to keep the equity trading far enough above boom that raising more equity is actually accretive. Once that balloon was popped the problems multiplied.
The sad fact is that UK consumers, whether they actively think they are doing it or not, are voting with their wallets: they care most about low low mortgage rates, even if that’s at the expense of customer service. That’s why every bank is ripping out cost as fast and furiously as they can (branch network, call centres etc.), as it’s the only way to keep their heads above water.
Gosh and I haven’t even talked yet about the impact that the regulatory environment has had on smaller banks (summary: it’s not good). Yup, it’s tough for Metro I’m afraid.
PS. I say all this as someone who hoped they would flourish too, and indeed still hopes I am wrong about all of the above!"
Well Panderman there are allegedly sock puppet accounts posting on this board.
A colleague used to always say: Opinions are like @ssholes, everyone has got one.
So I just read a bit of the background to understand who's "opinion" I am looking at.
I have no interest in his position or how he/she is managing it.
Smile Bank customers have been unable to access their online banking accounts for five days in a row.
The online-only bank, owned by Co-Operative Bank, said it was working urgently to resolve the problem.
I don't have a good enough memory to remember who posted what so I wasn't aiming at anyone. More a comment about us all, self very definitely included.
"For what do we live but to make sport for our neighbours, and laugh at them in our turn".
The system, as in "the markets" requires losers and winners. It can not operate any other way. "Liquidity" is the engine of how volatility is achieved. Volatility is vital because a stagnant market is no good for anyone. T.A or technical analysis can "predict" the moves that the dealers(MM) will play prior to them playing them. "Hitching a ride" with the big boys is THE only way to achieve success in this game. My charts show what the dealers may have in store.
Can't help feeling it's a bit creepy looking at others posting history, I really couldn't be bothered,like when you comment on Facebook and someone drags up your profile, wierd.
Posted in: MTRO
Who has the most number of shares in their holding
08 Jun 2020 15:23
I have 30,000 at average of £5.40ish -added more late this morning
What's your holding and average?"
Posted in: MTRO
Bought 20,001 on the bell
05 May 2020 16:40
Put my balls on the table, for them to be smashed tomorrow at 7am lol."
Posted in: MTRO
RE: Directors not buying - very worrying
16 Feb 2020 13:50
Jim, I have a very high average here (Need £7 to break even) and have never shorted. I will love to join the BBQ and watch those motherfekers burn for an eternity. I am very concerned, even CUD is lowering his expectations."
Not sure if these positions and average share price makes much sense to me chronologically. Just saying.
RG good morning
Excellent points. The poster you refer to is quite funny to read. Contradicts himself every other day, and has been found out about by many here, who don’t even bother posting any more on this forum.
Has invented too many stories to remember, hence why some have referred to his postings as “cheese” given how many plots have holes in them.
Disclaimer: Just a bit of fun for a Saturday morning. Don't be offended. Read it all and watch the clip at the end. And have a great weekend.
Metro appoint experienced operator to their board and the response here is that they need fresh ideas not has beens.
Metro appoint fresh, up and coming talent. Response here is that they need experienced operators to steady the ship, generate confidence etc.
So it's clear that the only thing to do is go and snag a unicorn. All of which reminds me of the crazy-hot matrix and the art of dating:
Currently 1.5% up..
Looks like positioning.
Yet, lots of noteable drop ins :
Metro at inflection point.
Metro was 2000p.
Is a 95% reprint of the IC article earlier in the week. IC is even quoted as writer. Why the FT is simply copying stories from other places when they ran their own is a bit strange. Perhaps it’s paid for.
Cracking article roll on Monday already