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Good balanced view sbbtwenty20, I'm also looking forward to the results.
I seems rather ironic that the downgrades seem to come from other banks rather than independent brokers.
SW10000- In my view (or obvious to many) , Metro has lost trust of investors. They need to regain it. Had this been a new stock getting into market, people would have jumped in. But with the recent history of their hiccups/issues, they need to 'restore that trust' big time.
To put it bluntly, at the moment only long term investors in this stock are the people 'who are stuck after having bought at higher levels'. No one else are viewing this as I want to buy it in my SIPP or pension fund etc.
If they can restore trust (which could be via demonstration of cost efficiency, CEO change, Board changes or Major fund buying a stake etc etc), then new LTH investors will jump in. Else it will remain a trading/shorting stock. Q3 results is a great opp for Metro to demonstrate their plans/seriousness/commitments/longevity.
Can't want for tomm/Thursday morning to be honest.
That's a fair point and will be interesting from a results perspective.
As a holder I'm trying to take a balanced view.. seen to many rocket ships, hear we go, shorters burned threads on here to only see it go the other way.
I really want all of these to be true but have resigned myself to this being a slow burner provided there are no more disasters. I also hope all the people such as Dogger get their money back
sw10000 - There are companies out there who will take on a guerrilla social media brief and create content and campaigns for any client. This smacked to me of fraud from the moment the guys in said video
1) Unusually didn't give a time or date or location - ensuring that anyone watching it whenever, would think it's applicable to now.
2) Nothing was connected to him. It's his 'dad' who closed the account and a friend of a friend who provided the information. Note also he stated that his dad 'Moved his account to Barclays' - Who would state that? Suspicious much?
3) The information he relied upon has been floating around for ages.
4) He's obviously in a foreign country (so probably a hedge fund worker on holiday) .
It stinks to high heaven but apart from others commenting on THAT video , no one else has come forward.
Use Twitter to keep an eye on some of the analyst views on Metro, personally don't look on Facebook but know it is spread.
Sadly the average joe will not research and will believe anything they are told, share and forward and people start rumours and panic.
I'm wondering if I am missing something fundamental here.
Customer service great
Happy customers
Branches expanding
Bonds raised (high rate though)
FCA (I can't see them wanting to destroy them, slap on the knuckles hopefully), if it was that bad wouldn't the CEO?CFO be gone by now?
I appreciate the struggles they have had but is this enough to kill them, profit margins are tight but this should grow as long as they get their house in order.
JTM - Metro are aware of the false rumours but bizarrely might backfire hugely on the shorters who are obviously funding it.
My feeling is Metro will reinforce the notes around the Q3 releaser to ram it home to any concerned public that it's doing well.
agree, The false rumours/fear mongering in social media are the real dangerous ones. But do you really think FCA acts on these? I haven't heard FCA acting promptly on these kind of issues...
The only thing that concerns be is those idiots spreading false lies via Twitter/Facebook. We don't want another run on the bank.
I don't personally use either - however - the best option is to instantly report the posters to FCA - think that will sharp put a stop to those antics.
My view of this is the CEOs are usually fairly bright people, we are all frustrated but they cannot say anything in the quiet period. I know this from my own organisation and quiet period, have great stock options and wishing I could sell as I know the results. It's the rules of the game though.
This has been a learning experience for me, I got lucky on a few other stocks which made me over confident. I'm down around 30 - 35k here. I will make it back with my salary/bonus but this has taught me a valuable lesson.
Saying that, when I look at Metro. I appreciate their are issues but there are also a lot of positives. Very much reminds me of a lot of silicon valley start ups that have a lot of struggles in the early years. I will keep hold of my 30,000 shares unless it looks really grim.
The only thing that concerns be is those idiots spreading false lies via Twitter/Facebook. We don't want another run on the bank.
Looking from the outside in it appears Craig takes a lot of direction from V so is not the only person to blame here by any stretch. Anyway, what is done is done and I agree with Amers, if the current BOD can't sort the mess out it will be taken out of their hands very quickly.
This has a book value of at least £8.
Sure, after the Q3s a bidding war will likely begin.
One way or another this will be taken out of the current BOD's hands.
Just makes you laugh really that another bank can rate the other bank on forecast of the share price, I wonder what supermarkets would rate each other if they could give their analyst view of their competitors share price???
I think we will see green shoots in the report on Wednesday and then our journey back to over a fiver first stop...then bang bought out by the yanks!