Member Info for Arps

With this sort of volume I was expecting the a holding RNS around 1515... hmmmm

‘Go my £10684 in at 133.85’

Pmsl... being rude to bigsmoke gotcha near to a 2k paper loss... in about an hour

Just topped up at 117...

You gotta do your own research fella... I watch this board like a hawk everyday and bought long at 2.30 on the back of reading this board, managed to average down to 1.4 when the price hit 0.7.

In my opinion the business model is not sustainable and the value is in a TO or JV.

I suspect the rise Friday and today are in the shorts closing positions... but I could be totally wrong.

Buying Metrobank equity is like getting on a rollacoaster without a seatbelt... most people have fallen off and lost, those that haven’t are clinging on for dear life... 40 quid to 1 quid in just a couple of years...

Out of all the posters on the bb, Nofeckinggood seems to have called this most accurately in the months I have been watching....

It would be really interesting to see some analysis on winding the bank down... I imagine the big costs will be redundancies /paying off the leases... if they have capitalized intangibles, IT system for example, that may also be a big liability ... but there are also some great assets on the balance sheet...
Very difficult to do the analysis as the accounts are prepared on a going concern basis, the analysis would include a fair few assumptions...

Is the true fair value of the bank per share greater than the share price today?

The strategy is hope and pray... :)

But in all seriousness, there is value here...

This time next year Rodney!

I think its now time to sell... just not quite sure how to tell my wife that it's a beans on toast retirement... should i cook her beans on toast tonight and tell her to get used to it... or is there a better way... another idea is to take her into the Solihull branch and telling her this is what i spent the pension on... fancy a dog biscuit?

I thought this would send the share price north a little... but it continues to drop on the news... any ideas?

Watching and hoping... https://www.fca.org.uk/news

I think BoB closed their UK retail operation about 10 years ago... not sure if they would go back... this being said, a number of their staff did end up at Metro

Another volatile day for this Share... I keep having to remind myself why I am still invested...
Great customer focused bank with a UK base
Decent IT system which works well and no legacy system to deal with.
Great online presence and account offering
Strategic growth in terms of a network of branches - still tiny in comparison to most banks which is good.
No consumer reputational damage from past mistakes, ppi etc, although there is the accounting issue with the FCA
Shorts reducing
Executive team being replaced
New South American investor with extensive experience taking interest.
Stock trading at less than a third of net book value.

Then there is the things that worry a little:
Brexit - Likely a Tory majority... which may or may not be helpful
FCA investigation - In my opinion they will be very happy with the changes taking place and will most likely conclude their investigation with a slap on the wrist.... I don't think anyone suffered a financial loss due to the mistake and I am pretty sure that it would have been corrected by now and better governance systems and processes in place.
MERL coupon at 9.5% - this needs to be looked at urgently.
Large investors reducing their stake while price is so low - I can't figure this out, Wasatch and Cohen realising a big loss? why?
How will future growth be funded?

Anyways... looking forward to this picking up a bit to recover my position!

Another volatile day for this Share... I keep having to remind myself why I am still invested... Great customer focused bank with a UK baseDecent IT system which works well and no legacy system to deal with.Great online presence and account offeringStrategic growth in terms of a network of branches - still tiny in comparison to most banks which is good.No consumer reputational damage from past mistakes, ppi etc, although there is the accounting issue with the FCAShorts reducingExecutive team being replacedNew South American investor with extensive experience taking interest.Stock trading at less than a third of net book value.Then there is the things that worry a little:Brexit - Likely a Tory majority... which may or may not be helpfulFCA investigation - In my opinion they will be very happy with the changes taking place and will most likely conclude their investigation with a slap on the wrist.... I don't think anyone suffered a financial loss due to the mistake and I am pretty sure that it would have been corrected by now and better governance systems and processes in place.MERL coupon at 9.5% - this needs to be looked at urgently.Large investors reducing their stake while price is so low - I can't figure this out, Wasatch and Cohen realising a big loss? why?How will future growth be funded?Anyways... looking forward to this picking up a bit to recover my position!

Citi revenue in 2018 was 72 billion, a fine of 44mil is 0.06% of revenue... Metro turned over 518mil can they expect a fine of 0.06% of revenue? 316k... or is it not that simple?