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Think Cyberpuppy is a distraught investor 550 posts all negative on one share BB Metro Bank bought back at the £40 mark only to see the share price dive to sub £1.....
As they say every dog has its day but not this puppy!
He'll be looking for a new home in the near future...Results on 13th March with plenty of M&A activity spicing up the bank sector..re: Nation wide and Virgin Money, The Co-operative Bank and Coventry Building Society...
Re rate!!!!!!!, seriously its not happening off the back of results next week, same rubbish posted every quarter about rerates for years now. The bank is valued as it was before dilution came on the agenda. So be honest with yourself about what's happened since!!!, outflows, potential collapse of the bank, job losses and cuts elsewhere. In what world does that mean rerate lol, the one where you wear a meta quest headset and nothing is real????? Absolutely laughable
I meant "shunned" ... but "shinned" is quite appropriate .... given what UK has done to itself these past 8 years.
"New £5k ISA announced in budget but only to invest in UK companies. " How many UK people have in excess of £20,000 annual ISA allowance another £5,000 to stuff in a UK ISA?
A small percentage of UK folk ... seems desperate and an admission that UK is being shinned by investors ... desperate post Brexit Britain.
What sort of financial result would you think underpins a re-rating? The recap is going to obscure underlying performance with c.£100m of one-off upside from the T2 haircut going through the P&L. For me you need to look at core franchise performance i.e. what balance of non-interest/low cost deposits have left the bank since half year given the hints dropped by management that quite a lot left in October? I reckon anything less than a net £1b would underpin a re-rate. Anything >£1.5b would look pretty bad. If they lost £1.5b yielding 1% replaced at 5.5% then its going to hit the P&L to the tune of £70m -more than offsetting the cost reduction . That would put the bank on a fairly rapid path back into buffers and further dilution at whatever the Chair and CEO think they can get away with. The alternative will be someone buying it, But would you want a business with a franchise in decline? I worry what new business they are now generating in current accounts- particularly business current accounts. If the opening hours weren't generating new business why did the CEO insist on keeping them for the last 4 years?
"Strange, you can sell at a higher price than to sell... 35.1225 to sell ...35.0309 to buy"
Backwardation!
''metro a sitting duck''
or dead as a dodo ?
Big consolidation coming in banking sector. metro a sitting duck
Virgin bank gone Co.op going
Will take time Metro need to grow 1st then who knows
Strange, you can sell at a higher price than to sell... 35.1225 to sell ...35.0309 to buy
New £5k ISA announced in budget but only to invest in UK companies. Go on Metro
Agree re-rate on the cards..Metro upwards Cyberpuppy downwards!
Results next Wednesday- expect a huge re rate.
What type of person scrolls through 541 messages to check the tone, lol
541 posts all on Metro Bank and all negative posted since his account was created on 22nd January 2021...like over 3 years ago...wonder who that is ..Cyberpuppy can you explain your behaviour its rather odd don't you think 🤔
Give it a rest space pup. I get you lost a lot of money but there does appear to be a decent turnaround story in play here.
All banks doing OK today but not Metro again
Here we go again, rinse and repeat of all the historical nonsense spouted on this forum re how it's going to fly etc. Same folk, new aliases. Boring and predictable
£100m Mkt cap and £50m of cost savings
£240m mkt cap
£50 has to filter through
Metro will have to pay for them Jobs lost
Turn around but will not happen overnight
£100m Mkt cap and £50m of cost savings still to feed through. Do the maths - this is going to the stars
37p is resistance then its lift off. I am expecting a positive story on 13th with over £50m of cost savings now filtering through. Net margins very high and a refocussed Board ready to drive it forward at long last .
Wednesday 13 March
Good Morning
When are the next financial results dose anyone have a rough date?
Morning
Liking the cut of your jib "BB" 👍
Notwithstanding impending results, the positive end of year results of other big banks to some extent, the recent appointment of the new CFO, together with Bacal at the helm, I believe this bodes well for the future!
As mentioned in my first post, whilst I am very much a novice at this game, my cautious optimism stems from reading the views of the contributors on the this chat over a considerable
period, together with researching the figures in accordance with my limited understanding.
Anyway time to stop waffling...
Onwards and upwards & GLA
I’m hoping 40p by end of the week then onwards & upwards to 50p in coming months, got feeling the worst is over for Metro GLA