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Chance to add
Attractive at this price, hard to imagine this declines to 2020 low, IMO it wonβt.
Metro does specialist mortgages and their deposits are sticky. They are poised for growth. But costs are horrible, needs contained. billionaire owner injects equity, and is bullish about the business.
OSB recent updates challenges the model but seems more stable. Cautiously optimistic on this one, leaning on a buy.
Customers not sticky but the stock does appear undervalued
Metro Bank has been in dire straits for ages. OSB is an entirely different proposition. If anything the news this week of a huge shortage of rental properties and people entering bidding wars should have had a greater influence on this share price (in a positive way).
I hold shares, not many, thought they are cheap t 320, however the metro bank news is the reason this is falling is my view.
Broker notes far higher, last results impacted by one off charge.
Be interested on any views re metro.
It's funny how shares are reccomended by brokers, then slashed, ie legal and general huge cut recently. Seems to me brokers are pretty hopeless yet they affect the market. XP power was highly reccomended yet is now struggling.
Seems to be holding on to 300p just about.
Not sure where next resistance is
I might joke about Gladstone shorting this company by .5% but I dispise them, they are like locusts in the market. They sell half a percent of a company with shares they do not own, which in itself creates a panic and then ordinary investors start to sell because they don't want to lose too much, hence creating a downward spiral. We can only hope that some institutional investor will buy as much as they sold and make them buy the shares back at a tremendous loss. One day this will happen and I hope it's here. GL
I am so glad that glad is .5 % short on this let us all be glad about glad, would you want to be 0.5 % short on this? With all these shares to buy back. Not on your Nelly or is it glady. GL
All the brokers are positive for this stock. It is far too cheap so I have been buying in today. I can find no reason not to buy at these low prices. GL
One .50% short is having this much impact?
Here we are in the 2's now.
I think you'll find it's the *****y shorters who have nothing better to do with their time!
Looks like this could hit the 2's today., very surprised this keeps dropping and dropping.
Any idea why the big drop again today? Doesn't seem to be anything in the news
Good to hear it Neon. I'd imagine, with house prices falling and mortgage rates being as high as they are that buy to let will prove more popular and rental demand (and prices) will increase.
I'm still shocked this hasn't seen an uptick yet, but have some more money becoming free next month so if it stays at these levels I'll probably go all in and wait for the sentiment to turn.
I've started to buy-in at these levels using the remainder of my stocks and shares isa allowance for the current year. I think this will be a great investment in the long term and I'm happy to hold and collect dividends for 2-3 years while the SP recovers and finds new highs.
Hope this makes you feel less lonely LongerGuy :-)
Adding makes sense, it's just puzzling me where they are finding sellers at this level. The adjustment was a one off impairment and yet the company still reported a sizeable profit.
I've taken the opportunity to add more at these levels anyway.
Seems to be just a question of how low the short wants this before they close and let it rise back up. Can't have them losing their hard earned money after all
Thanks Bigpercy. It's good to see I'm not the only one here.
All the fundamentals suggest it's a great company. I just can't fathom who is continuing to sell at this level. It must be quite heavy to continue to drop despite the buy backs pushing it the other way.
Don't worry LongerGuy - OSB should be motoring next March (at 2023 final accounts) when there will be a bumper dividend and EPS should be at 100p or so for that current year (2024) . With all the share buy backs the EPS should rise every year at a decent rate. Great time to buy now - approx 12% yield (based on 40p total divi, including special) and price earnings of below 3.5 for 2024. Keep the Faith
No-one to rationalise these drops with.
Crazy to think this was almost at parity with ASOS last week and now there's over Β£1 difference. Remind me which is the profitable company...π
Looks like the shorts are going to get their exit price after all
Last day before ex divi tomorrow, surely it will rise as people look to secure that?
π