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Nearly as sad as someone with double the posts therefore wasting more time on here than most, lol
Cyberpuppy
538 posts since account opened and all of them negative and posted on one BB....Metro Bank.....just so sad!
Morning drop was due to Metro suspending its bid to secure regulatory sign-off on risk models. Apparently, less beneficial now.
Nearly as desperate as someone making stuff up and telling blatant lies about acquisitions lol
Cyberpuppy
You sound increasingly desperate lol!
Don't worry, twogoods completely made up, fantasy acquisition in q1 will save the day.
You asked for a Q4 guess.
I suspect it will be adjacent to woeful and Bal sheet will still look out of sorts.
Oct outflows were huge as was the sdbox closures.
Late November they've been trying to plug the deposit hole with attractive rates....but by y/End 31/12, I don't think that push will make up anywhere near the outflows.
Just as well they are not upping their lending quotas last qtr, as probably still bouncing off ratio % / cap.ad buffers and delinquency rates souring in general (toward 2009, but nowhere near 1991 levels yet!).
Genuinely hope I'm wrong as I want to get back in asap.
Just as said before, Metro bank shareholders are screwed. Down another 11% over the last 4 weeks. Much more pain to come.
Speak soon!
And all will have the chance to buy at c 30p. so no complaining
Yes, imo this will decline to c 30p
The cohesive plan is already in play
I'm calling out your nonsense twogood, what acquisition is this that's happening?
I Feared it would settle at c 32p (hence I got out the morning of the EGM) and it's coming to pass, but I take no pride in it.
They need to put a cohesive plan in front of the market, and pronto...
Open Short Positions in Metro Bank
Fund % Short Change Date Changed
Caius Capital Llp 0.76% -2.10% 30 Nov 2023
Total 0.76%
Weird that nearly 6% of share cap has been purchased in last week to cover shorts yet the share price has been slipping.
Are they expecting a good Q4 update??
Would have thought the shorts made a good load of money shorting Metro maybe time to move there bets somewhere else.
Q4 update anyone's guess on here
With the shorters reducing their positions recently. Are they expecting a good Q4 update??
Whitebox Advisors LLC down to 0.16%
do not know were they are getting there shares from as only low Volumes traded
What acquisition twogood, stop talking rubbish
Only upcoming news we can bank on is q423 trading update
Followed by the acquistion expected in Q1.
Anyone know if Metro have started cost cut yet like opening hours at branches ect
Suppose next bit of news will be the mortgage book sale
It is neither for you to agree or disagree as you were not at the branch, I am relaying FACTS and my OBSERVATIONS not opinion when giving the information about my visit. As I was not at the branches that you visited how could I comment on the performance of those staff?
The Southend branch will only take same day appointments and on the day I visited in my opinion they were not doing enough to generate new business, and that's if I'm being polite, that is my opinion as someone that tried to become a customer of the bank, tried and gave up.
The fixed rate ISA can't be done online, it might be so for existing customers but not for me, why can this not be done online!?! I don't know of any other financial institutions where it has to be done in branch. I hold a number of accounts where there are no branches or where they have branches I have never needed to visit. I tried to open a savings account online but had issues as the software not recognising addresses, this can be seen in the TrustPilot reviews as a known issues. The issue with the banking app not working for existing customers I would not have known about unless I heard it from the counter staff.
I will say that in a crazy positive way that MB ONLY has 47% of their reviews as 1 star and 46% at 5 stars. Lloyds, HSBC and Barclays were well into the high 80% for 1 star reviews, MB are around 50% better in that respect.
Paragon PAG is a success story
https://www.ii.co.uk/analysis-commentary/stockwatch-taking-stake-challenger-bank-looks-good-strategy-ii530128
Metro could also achieve the same. No brainer for Gilinski, from this point cut cost is the way to go