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Surprised there wasn't a bank run on it last year. Surprised they are still going. Is it priced to go bust?
Potential for BoD buys while we are here?
Floor reached = time to load up
Yes no one is talking at the mo
I wanted more updates but indeed mtro looks oversold and undervalued here
Im with you Jackbal , waiting to see how low this will go is sub 30 im in also big chunk too
Jackbal I think I like the cut of your jib.
Might be wrong, but if I recall correctly, 31/12/22 results published first week of March I think...
I like your optimism....to me it feels like catching a falling knife (in the palm), before it hits the table top - a la Blackberry!
I bought some of these Friday and SP looked like it was more active for first time in a while. Liked the fact a nimble PI can buy in cheaper than the guy who has bought half the bank!
Agree big time with others quotes about the value in retaining the mortgage book. Screw Barclays and their analysts downgrade.
If this SP is crazy enough to drop into 20’s I will 100% be buying more.
Good luck everyone else holding/buying for upside
Well come abroad MaryB
On the basis of a stopped clock this will be a buy at some point. We are nearer a bottom compared to the £30 and £20 valuations of a 4/5 years ago.
This part gives some hope
But it is written by M/Fool
The most recent news tells us that CFO James Hopkinson is the latest to leave the sinking (or maybe refloating) ship.
But we found out something in December that I think is cause for cautious optimism. At one stage, it looked like Metro Bank might have to sell off its residential mortgage book to survive.
But we’ve since heard that the firm’s “recent capital package and cost reduction plan … has renewed balance sheet strength.“
The board went on to say it had “considered a potential sale of up to £3bn of residential mortgages and concluded that, given the prevailing market environment, it is in the best interests of shareholders to retain the existing loan portfolio.“
We need to see update full year first to see how it turn out. Yes band things have been sort then what is more? Time to recover as they are moving into cut down cost and promotions more value to customer so expect to getting more to go with Metro bank.
Would expect Gilinski to take an additional large position while the price is here.
For the size of the product portfolio £200m is very very cheap
Https://uk.finance.yahoo.com/news/could-metro-bank-best-value-090000060.html
Just took my 1st tranche in this - potentially 1 of 5 on further drops or just content to watch this recover. DYOR.
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With Gilinski on Board anything is possible.
At the time of the capital raise last Oct the SP rallied. The placing price of 30p should limit downside however 34/5p seem a better entry point.
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from October 2023
However, throughout the speculation of the past few days, the bank has insisted that its finances remain strong and it continues to meet all regulatory requirements.
Under the terms of the financing deal, Colombian billionaire Jaime Gilinski Bacal will become Metro Bank's controlling shareholder with a 53% stake.
His firm, Spaldy Investments, will sink £102m into the bank.
Metro Bank's shares rebounded on Monday following news of the deal and continued to rise on Tuesday to trade at about 55p.
Seems to be at the lowest price, and with all the changes this seems to be a more stable business.
Time to load up and make easy profit?
Proper kitchen sink job now… turnaround potential is big imo
12 % loss in last month, when will it end.!? I'm worried the y/e Accts being drawn up will elicit a balance sheet that show a very significant drop in customer deposits (as their saver rates won't have covered the Oct debacle outflows) and it may get get even more worse
End of year 2023 report at March so take some time more for share up as now nobody interested this share.
Low traded Volumes so MM's or shorter can take this were they like
Plus shorter has not gone so they expect results to be bad
Tuan6 were was this profit & why should that profit not disappear due to the restructuring costs ?
Why does down for what? Nothing changes and no bad new out but consistent sell share as peoples drump this . All of bad things has settled down and this is the first Year Mtro have positive profit ever share should go up instead down as now. . As last H1 report they have positive 16 compared lost last year and Q3 rns report the same very positive profit up .
End of year 2023 report at March so take some time more for share up as now nobody interested this share.
Yep....
TG2D posts his pie in the sky nonsense... SP drops over 8% in five days 🙄.
YCMIU
Went in to a branch to day very large building and well OVER STAFFED
For those that missed it.;-)