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Started: fiveight, 15 May 2024 07:18
Last post: Deep333, 7 Jun 2024 17:42
Been a while since I last posted and whilst I'm still in it for the long term, having bought in around 30p, I am beginning to feel a little twitchy particularly with a diving SP over the last couple of weeks.
The fact that the ECB has cut interest rates to 3.75% for the first time in 5 years is not the best news for Metro!
Notwithstanding what I wrote earlier vis-à-vis the long term, I am very tempted to take my not insubstantial profit and wait another opportunity to jump back in.
Monday is D-Day for me!
"Apes together strong" but not when 'humans' control apes!
GLA.
Made some money on $GME. the sock was 8-bagger when it reached $80 intraday (c$10-$80) in May, crashed , then tripled ($18-61)., all in less than a month. but really imo those who held for a couple years are the ones who could get that 5 or 8-bagger in 3-weeks in May, so it wasn't 8-bagger in 3-weeks but in 2 to 3 years.
MTRO is true cheap sock unlike $GME, lets see when it will rerate, IMO not now, Q4 or after
This sock is cheap yet so much for waiting a rerate
$GME GameStop touched 8-bagger yesterday at day high in 3 weeks (c. $10 - $80). closed yesterday as a 5-bagger (c.$50). DFV, Roaring Kitty, is back after a 3-year hiatus.
Started: NonPartisan, 4 Jun 2024 09:02
Last post: fiveight, 6 Jun 2024 13:01
This sock is cheap, but IMO rerate in Q4. maybe just steady rise from here, but wont obviously be in straight line fashion.
It’s because nothings happened.
We need some news otherwise it’ll just hover. I hope they’re making strides in the background.
H1 results will be the momentum (if it’s good news of course)
They are in the pits for a tyre change , let’s see if their performance improves when they get back on track!
Going well last few weeks, but the wheels seem to have fell off last day or so 🤒
Last post: Justdandy, 28 May 2024 10:09
Volume increasing daily. Accumulation has been going on for weeks now.
Started: Kiwitwo, 27 May 2024 15:54
Last post: BeBold, 28 May 2024 10:05
Something is cooking !
Still in the red with this share needs to go above 48p for me to beak even. 53p would be my get out price if it ever reaches this again.
Started: M3leki, 27 May 2024 11:15
Last post: M3leki, 27 May 2024 11:15
Some of the posts below state that metro may be due for a sale due to some comments by the nationwide CEO.
But these comments state that they potentially looked at metro before going for the purchase of virgin money. How do we know they are going to come back? What have I missed?
Started: Criticalminerals, 26 May 2024 11:39
Last post: Justdandy, 26 May 2024 17:15
Its way undervalued in any case even without a bid
What price will they open on Tuesday? It seem good news is coming.
Our market cap is only £250m so would need to be double that at least to win the Board backing. Short answer between 85p and £1 is my guess
What would the takeover price be ?
According to Sunday times the Nationwide considered buying metro before purchasing virgin. Metro firmly in play now for another buyer.
Started: Justdandy, 24 May 2024 10:44
Last post: gotnorolex, 24 May 2024 11:54
Bear squeeze starting to tighten!
Nationwide playing a big part consolidating the banking sector. metro an easy target
Chat bot totally disagree with you commects , metro is ruducing cost and intrest rates should stay around 4.75 to 5.00 this year . i can see this getting to 80p with current climate but and a big but it can swing either way who gets in going to be interesting but this sp will rise im giving it a year otr so i could quadrople my investment good look bud
I think there is zero chance that the next set of numbers will demonstrate sustainable profitability. I expect a £50m loss for the first 6 months, albeit a lower run rate in Q2 than Q1. What we need is a transaction and hopefully the positive trajectory in SP reflects movement here. But we should be crossing our fingers there is news on this before the start of August, when the half years will expose the limitations of the current management. Interest rate cuts if they happen will be further negative headwinds given the rapid shift we have seen in variable rate exposure (cash balances and commercial loans) as Frumkin pursues a strategy that would have been brilliant in 2021 and is now completely mistimed. The longer they wait to do a deal, the worse it will get, and that's notwithstanding the risk that something material goes wrong in the interim as they hack away at the infrastructure of the bank
When is the next trading update guys ? Big re-rating of the shares when mtro demonstrates sustainable profits this year or will a bid of 80p be on the cards?
Sorry i bought in at 28p and scopping up as much as i can afford
Whats not to like im buying up as much as i can this will rise to plus 50 if interests stay abouve 4.75 %
Started: mararab, 20 May 2024 16:33
Last post: mararab, 22 May 2024 10:34
Rising nicely
Not sure I understand your comment. You’re till 400% the target?
Why not average out?
Glad i bought in at 124p enough said
Started: longtimeinvestor, 3 May 2024 16:02
Last post: BeBold, 14 May 2024 19:49
When are we due news guys ? Things seem to be picking up hopefully 🤞
I agree with the general sentiment re specialist lending but its no simple task to transform the balance sheet. The core transaction bank costs a minimum of £400m to run, and as Carlyle found, uneconomic to exit. It takes a lot of niche lending to get say £600m of risk adjusted revenues to deliver a £150-£200m PBT. And as Close has found, you have to make some big, concentrated bets and it only takes one or two of them to blow up and even a well run. well respected business like Close is on the rocks. It could be done, but as is obvious by the record to date- not by this management team, They will, as all low performing banks do, just march up the risk curve writing the business the smart ones don't want and buying the rubbish they want to offload. Unfortunately the best answer is to sell the bank to a well run competitor/specialist. We wont get rich but at 40-50p we get something. Wait too long and Frumkin - the most inept, accident prone CEO in UK banking-will have found something else to trip over and we are back in resolution.
L have said before that Metro need to stop following the banking herd and specialise on specific markets. Perhaps they have finally realised and the tide has turned? I certainly have added a few at recent prices for the longer term.
BC
Best keep out of unsecured loans i say keep to the bread and butter and we will soon have nice savile marmalade . This could be a great earner !!!!!
I remember, being stated as the saviour for Metro when it was acquired, by the ever hopeful shareholders on here , that would grasp at anything.
Once there were hundreds of posts on here daily from those same people thinking that a return to £40 a share was just a matter of time once this that and the other had happened, to now being hardly any. How times change.
https://www.themarketingeye.com/blog/whatever-happened-to-ratesetter/
Started: M3leki, 2 May 2024 13:31
Last post: Jackbal, 3 May 2024 11:48
Further to my previous comments “screw Barclays analysts”
I re-iterate that.
Everyone knew Petrofac was petrof@cked for at least 3-6 months but Barclays analysts have only just cut price target from 80p to 10p.
Woeful analysis, Enough said!
Ratesetter has been shut down and most of its staff fired. Given there were around £30m of costs when it was acquired probably makes up a fair chunk of the £50m cost save. Management line was that unsecured worked better in low rate environment- but that is code for saying tehy wrote a load of loans in 2022 at less than 5% - unhedged of course- so the book was underwater. When Galinski demanded cost reduction it was an easy target. But lo and behold it turns out that if you close a business that was writing £1.5b a year, you end up with a gap in your lending the following year. But nevermind, they can take some wild punts on £45m loans to individual businesses and expand their concentrated lending in Care Homes and Hotels. What could go wrong?
Quite a hefty sum for recruitment company. Let’s see how this pans out
And vouchsafed invoice financing of £45,000,000 to these guys...
https://www.assetfinanceinternational.com/index.php/equipment-finance/news-emea/emea-articles/23799-mach-recruitment-receives-45m-invoice-finance-facility-from-metro-bank
Lending in general down 9% on same Qtr 23.
Last post: Primetime51, 30 Apr 2024 18:38
Very dull trading update.
Wait to see were market will take Metro sp
What an utterly dull trading update..The shares will drift sideways for next few months..
Started: Criticalminerals, 30 Apr 2024 07:43
Last post: tuan6, 30 Apr 2024 12:01
Thing is hgood and they have increased assets over 400 millions . Yes they will get over this soon next update an profit on . This is bottom now as there is nothing too serious destroying it .
Next things they will do reduce cost and that us all we hope for . As soon as cost reduces it will help to increase full year in the end.
UK Bank stocks are all up today. Banks are in good shape generally and metro is catching up. However, I think it will be acquired before it catches up.
Yes a re-rate could be on the cards once they have stable growth and profitability over the long term.
The market will be comforted the bank is on the right path now. Costs reducing and the limit to higher margin products. Time for the re rate to begin
Started: bfc1, 26 Apr 2024 19:46
Last post: Chatbot2, 30 Apr 2024 10:35
No mention of profitability- they don't tend to provide a number in quarterlies but when its good news they tend to splash on it, so assume the loss was material. 25% reduction on current account sales vs Q123 is not as bad as it could have been after October debacle, but likely points to continuing decline in low cost deposits. Cost cutting will make this worse, Lending looks weak. At the moment they are just cycling assets into cash. Very exposed if rates do come off. Can't see an organic turnaround here. Needs capital and a new management team.
I tend to think that companies that make no announcement to stock exchange for any upcoming trading statement is one that has a disregard for its retail shareholders ..Instead directing the company for themselves and their shareholdings..As in the previous rights issue where retail shareholders were excluded..
What are people expecting from Q1 results? Profitability looks unlikely given Q423 losses which will flow into Q124. I would expect a £30m underlying loss. But i don't think that will move the price significantly up or down. That would require some form of transaction. Hard to tell if recent positive sentiment reflects movements there or is just reflective of overall volatility given limited free float
Most likely by the end of the week
Metro Bank plc (MTRO) Metro Bank plc: First Quarter 2023 Trading Update 03-May-2023 / 07:00 GMT/BST
That is last year so it assumes this year we will have the same on time or maybe some delay but not far from it.
Started: Criticalminerals, 30 Apr 2024 07:25
Last post: Criticalminerals, 30 Apr 2024 07:25
Good progress being made - steady as she goes
Started: NonPartisan, 29 Apr 2024 16:56
Last post: Criticalminerals, 30 Apr 2024 05:11
Let’s see the update.
Q2 will elicit more detail. Staff and cost savings, impact of short hrs on deposit/accts/SDB income, i cant see anything moving the dial in the q1's. In fact pulling the high Deposit rates might have neg impact on deposits. Metro need a big initiative other than a bit of incremental nibbling at costs imho, that won't be anywhere near enough. SP has been steady 5 -8% growth last 1-2 months on sentiment to board appt/changes, cost cutting, but nothing spectacular.. but at least the hole in bucket seems to be plugged.
Started: Justdandy, 29 Apr 2024 16:15
Last post: Justdandy, 29 Apr 2024 16:15
Dont expect this to be around long. Banking sector is going through a mega consolidation - £1 take out and off she goes
Started: Criticalminerals, 12 Apr 2024 09:23
Last post: BeBold, 25 Apr 2024 12:54
So Lloyd’s & Barclays profits slightly slip, I hope that Metro could go on run & could easily be back up to 50p & then £1 in no time at all. I keep adding at current price as this could be a life changing company for me & many others buying at current prices GLA
You cannot compare the share price of Lloyd's with a mcap circa £33b to Metro with an mcap of only circa £221m. If/When Metro decides to stop chasing the banking herd and starts to specialise in high fee return products such as bridging loans, expats etc etc then they will flourish.
BC
Hi, here is something I thought you might find interesting: - https://uk.investing.com/news/economy/big-bank-earnings-uk-gdp-growth-equity-outflows--whats-moving-markets-3430889
Will metro bank sp overtake lloyds ?
Criticalminerals : banks lways perform when the gap from borrowing rate to selling rate has a bigger margin and thats what we bigger profit , every thing else is just punitive adjustments
Started: bfc1, 24 Apr 2024 08:15
Last post: bfc1, 24 Apr 2024 08:15
Someone feeling confident, not seen large buys like this one for some time....will he scored be staying in long or is it a quick in and out trade ?
Started: phenry, 18 Apr 2024 10:02
Last post: gotnorolex, 22 Apr 2024 19:19
Bonuses are awarded for achievements and progress in particular departments eg those who worked relentlessly throughout the year to save it from collapse! If this is not appreciated and differed to a period when it's affordable, they will pack their bags! Quality new recruits will be hard to find till the bank is on a clear path to success and greater profits. The laudable experiment to keep its doors open all hours 7 days has proved to be too expensive. Its success is the massive amounts of depositors it has attracted.
Well done metro bank
Excellent news, this sets a precedent.
None of them should be rewarded due to the failings of the bank
"Metro Bank cancels bonuses for all executives after turbulent year and rescue"
https://www.cityam.com/metro-bank-cancels-bonuses-for-all-executives-after-turbulent-year-and-rescue/
Is this new news, or did I miss it earlier?
Started: chips, 2 Apr 2024 08:54
Last post: NOFEAR, 12 Apr 2024 09:55
I really don't care what you think M3leki about my wa'🧇'ffling.
Trust me!🤪
Mate, you’re just waffling.
No one asked and no one assumed it was £0.70p. You just seemed to have commented for the sake of it. Nothing you have said bares any relevance to whatever agenda you’re trying to portray.
Excuse me I've touched a soft bone.
My point is Justdandy that is the past months posts we had some members saying that Jaime Gilinski Bacal was invested with an average of around max 70p per share which was very incorrectly said and nobody dare to say the obvious 🙄.
Anyhow, Jaime Gilinski Bacal is in at 39p and that's a good indicator for anyone who is invested under 39p.
Jaime Gilinski Bacal he's not the only one averaging at 39p from the list of the Metro company top shareholders owners. However, there's a majority of those listed funds averaging over £1 per share. Take it easy bruv.
What's your point NOFEAR?
Metro-Holdings-Full-Ownership-Breakdown-Expanded-View-Fact-Set-as-of-7-April-24
Extracted from FastSet(.)com workstation See here--->>> https://ibb.co/6JnTPWJ
Started: Justdandy, 11 Apr 2024 13:53
Last post: Justdandy, 11 Apr 2024 13:53
Looking very good on the SETS board
Started: gotnorolex, 2 Apr 2024 08:22
Last post: gotnorolex, 2 Apr 2024 08:22
There's never been a data stack on any site anywhere that has never been hacked!
Started: Criticalminerals, 2 Apr 2024 08:19
Last post: Criticalminerals, 2 Apr 2024 08:19
Buyers piling in - the news article was from an event 7 years ago. FFS
Started: Justdandy, 1 Apr 2024 20:26
Last post: Justdandy, 1 Apr 2024 20:26
The bank will be taken over before any outcome from this silly drama is known.