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*no evidence that there are plans to wipe out retail investors.
TOD Everyone including you and me we ramp/Deramp one way or another. We say SP going to rise without any real info.
Legal Beagle
Posting 521 negative posts over 3 years pn one BB is hardly normal..
If you checked my posting history I've been both negative and positive.
As for your loses they are 'paper' at the moment and I am confident that things will improve.
Naturally there are concerns over Gilinksi's involvement and the recent capital raise when imvestors were informed by Dan back in earlier trade updates that capital buffers were secure was alarming for those comments to turn out to be false.
However thr bank is back on an even keel Gilinski owns 53% but the institutional investors hold a large and blocking vote share in case he was planning taking the bank private on the cheap..always a risk..
However there is no reason why the share price won't bounce back and I have no evidence that there are no plans a foot to wipe out retail investors.
"Positive or negative doesn't matter "
Actually it does matter:
"Market Abuse - Ramping and De-ramping"
The worst share in my portfolio, how bad will it do in 24 what a dog.
Cyberpuppy
Member since 22nd Jan 2021 with 541 posts all negative and only about Metro Bank...Nearly 3 long years....you need to get out more lol!
The UK inflation rate has fallen to 3.9% in the year to November, figures from the Office for National Statistics show.
Can Metro stay green by end of play today?
Frustrating to watch it drop every afternoon
Here we go again twogood. Your nonsense is endless, time after time it's the same rampy nonsense
Getting costs reduced and aligned to the average industry cost makes perfect sense..If the Co-operative Bank can generate £100m profit on £400m revenues given its branch structure there is absolutely no reason why Metro Bank can't do the same and this is something directly under the Boards control and not subject to external influences...slash the head count by 20% and automate manual back office process and that will be a very good start to which Gilinski has first hand experience at and no doubt was eyeing up for a long time cutting out the fat so to speak!
Board and majority shareholder need to focus on restoring metro credibility to markets and investors.
Could not agree more. Imo they will be doing just that.
Cost reduction across the board is one steep in the right direction
Tosh. Mortgage arrears lower than expected/ allowed for across the board.
Selling the mortgage book would have severely reduced profit, unless proceeds can be used to achieve a higher return.
Board and majority ahareholder need to focus on restoring metro credibility to markets and investors.
RG, thank you. His posts made a lot of sense. If he is looking in I want to wish him compliments of the season and extend that to you. Thanks again, have fun. JJ
Hi JJ
I think Theosus closed his account a year or more ago.
RG
With JGB taking the hatchet to the operating model and cutting 50mil to overheads it means that they don't need to sell the book that was at very low NIM. The piece they were going to sell was because they were expecting airb accred and therefore gain better NIM out of those almost @par mortgages. Slashing the OM means they can now squeeze more NIM accretion out of that book than would previously been at par.. Dan previously stated that he would only sell if the offer was good (at2.5% below book) as he could just turn it to short term gilts for more, looks like Barclays wasn't up for the increased risk of delinquency unless higher discount.
I don’t think this is good at all. With arrears soaring now they were probably getting derisory (perhaps 85%)Cents on the dollar offer on the book. They are now between a rock and hard place. Selling it they could buy other more profitable business. Now they can’t and RNS lost /in the weeds means no extra lending…they are stuck in a vacuum of being unable to anything to shift the dial enough. Somewhat Grim unfortunately…
Watch as next year airb is granted.. unbelievable how they can get away with this without legal repurcussions.
Lol, so corrupt, created a panic that wasn't needed to drive the share price down, disgraceful
Personally I think it’s a good thing. Selling about 1/4 of your book was going to take a massive hit on profits, especially during a time with the rates as it is being the most profitable.
Given the new backing and ownership, I don’t think they need the money now.
A bit fruitless to sell customers of your product to then use the money to get customers for your product.
Nothing good is ever released after hours on a Friday.
#Facts
Hi Amers, less is more! Hope you are keeping well.
Have you come across Theosus this year? JJ
Hi JJ hope you are doing, as not seen you here for some time.
Will it be seen in a good light? Monday will come soon enough. JJ
oh **** !!!!
A lot of buying pressure snapping up cheap shares, is this about to start climbing from here , and where do we see it getting back to near term?
Any views from LTHs@